The note argues a tailwind from an Iran deal could lower oil, inflation, and rates, boosting rate-sensitive AI stocks and CEFs. NBXG, with NVDA and AMZN among its holdings and an 8.7% dividend, trades at a persistent NAV discount around 13.7–14.4%. If this discount narrows and rates drop, NBXG may rally.
The Neuberger Berman Next Generation Connectivity Fund (NBXG) presents a compelling investment opportunity, offering a 9.4% dividend yield and trading at a 15% discount to its NAV. With strong tech stock performance underlying the fund's returns, investors may see further dividends increase in the near future, enhancing total return potential.