- ISIN
- US64133Q1085
- CUSIP
- 64133Q108
- Issuer
- Neuberger Berman
- Inception Date
- May 25, 2021
- Category
- Technology Equities
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
NBXG Performance Chart
Neuberger Berman Next Generation Connectivity Fund (NBXG) is up 8.3% since the beginning of the year. NBXG is currently trading at $15 per share. Investors who bought $1,000 worth of NBXG shares 5 years ago would now be looking at an investment worth $1,215.
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Returns By Period
Neuberger Berman Next Generation Connectivity Fund (NBXG) has returned 8.28% so far this year and 12.41% over the past 12 months.
Neuberger Berman Next Generation Connectivity Fund
- 1D
- 0.89%
- 1M
- -7.34%
- 6M
- 7.85%
- YTD
- 8.28%
- 1Y
- 12.41%
- 3Y*
- 20.71%
- 5Y*
- 3.98%
- 10Y*
- —
- ALL TIME*
- 3.92%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
NBXG Monthly Returns History
Based on dividend-adjusted daily data since May 26, 2021, NBXG's average daily return is +0.03%, while the average monthly return is +0.52%. At this rate, an investment would double in approximately 11.1 years.
Historically, 54% of months were positive and 46% were negative. The best month was May 2026 with a return of +15.4%, while the worst month was Apr 2022 at -17.2%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 8 months.
On a daily basis, NBXG closed higher 53% of trading days. The best single day was Apr 9, 2025 with a return of +10.4%, while the worst single day was Jun 13, 2022 at -7.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.40% | -5.41% | -3.63% | 14.25% | 15.35% | -0.16% | -10.08% | 8.28% | |||||
| 2025 | 6.24% | -1.52% | -5.95% | 0.45% | 9.26% | 11.17% | 2.56% | 0.34% | 4.47% | 0.22% | -2.99% | -1.01% | 24.23% |
| 2024 | 3.95% | 6.24% | -0.09% | -0.62% | 5.64% | 7.27% | -4.30% | 2.31% | 3.98% | -1.51% | 5.90% | -2.60% | 28.53% |
| 2023 | 10.52% | 2.11% | 4.55% | -5.79% | 4.69% | 9.45% | 2.19% | -1.81% | -2.18% | -7.55% | 12.70% | 3.58% | 34.92% |
| 2022 | -11.00% | -6.56% | -0.95% | -17.20% | -2.48% | -9.46% | 11.80% | -0.78% | -11.74% | 3.02% | 4.98% | -8.11% | -41.41% |
| 2021 | 0.05% | 0.10% | 0.25% | 0.75% | -4.35% | 0.07% | -3.03% | -4.89% | -10.72% |
Benchmark Metrics
Neuberger Berman Next Generation Connectivity Fund has an annualized alpha of -8.24%, beta of 1.26, and R2 of 0.64 versus S&P 500 Index. Calculated based on daily prices since May 26, 2021.
- This fund participated in 126.96% of S&P 500 Index downside but only 94.73% of its upside - more exposed to losses than it benefited from rallies.
- This fund had an annualized alpha of -8.24% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Alpha
- -8.24%
- Beta
- 1.26
- R²
- 0.64
- Upside Capture
- 94.73%
- Downside Capture
- 126.96%
Expense Ratio
NBXG has a high expense ratio of 1.37%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
NBXG ranks 10 for risk / return — above 10% of mutual funds peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Neuberger Berman Next Generation Connectivity Fund (NBXG) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NBXG | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.02 | ||
| Sortino ratioReturn per unit of downside risk | -1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.25 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.52 | 2.00 | -1.48 |
| Martin ratioReturn relative to average drawdown | 1.44 | 8.49 | -7.05 |
Dividends
Dividend History
Neuberger Berman Next Generation Connectivity Fund provided a 9.49% dividend yield over the last twelve months, with an annual payout of $1.40 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $1.40 | $1.26 | $1.20 | $1.20 | $1.20 | $0.60 |
Dividend yield | 9.49% | 8.73% | 9.42% | 10.98% | 13.19% | 3.47% |
Monthly Dividends
The table displays the monthly dividend distributions for Neuberger Berman Next Generation Connectivity Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.84 | |||||
| 2025 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.12 | $0.12 | $0.12 | $1.26 |
| 2024 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $1.20 |
| 2023 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $1.20 |
| 2022 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $1.20 |
| 2021 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.60 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Neuberger Berman Next Generation Connectivity Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Neuberger Berman Next Generation Connectivity Fund was 51.76%, occurring on Oct 14, 2022. Recovery took 662 trading sessions.
The current Neuberger Berman Next Generation Connectivity Fund drawdown is 13.93%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-51.76%Oct 2022 | 1y 1mo | 2y 7mo | 3y 9moSep 2021 - Jun 2025 | Bear market2022 |
-17.90%Jul 2026 | 1mo 7d | — | 1mo 11dJun 2026 - now | — |
-16.26%Mar 2026 | 4mo 26d | 1mo 2d | 5mo 28dNov 2025 - May 2026 | — |
-7.37%Jun 2026 | 7d | 8d | 15dJun 2026 - Jun 2026 | — |
-4.84%Oct 2025 | 10d | 17d | 27dOct 2025 - Nov 2025 | — |
Drawdown Indicators
| NBXG | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.76% | -56.78% | +5.02% |
Max Drawdown (1Y)Largest decline over 1 year | -17.90% | -9.10% | -8.80% |
Max Drawdown (3Y)Largest decline over 3 years | -22.08% | -18.90% | -3.18% |
Max Drawdown (5Y)Largest decline over 5 years | -51.76% | -25.43% | -26.33% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -13.93% | -1.58% | -12.35% |
Average DrawdownAverage peak-to-trough decline | -20.67% | -10.70% | -9.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.42% | 2.14% | +4.28% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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