Morningstar Fund Report  | 07/04/2025Print

Neuberger Berman Next Generation Connectivity Fund USD I Accumulating Class

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Neuberger Berman Next Generation Connectivity Fund USD I Accumulating Class
Fund6.5-35.931.637.2-12.3
+/-Cat-8.5-7.80.115.9-1.3
+/-B’mrk-25.8-11.9-13.94.81.3
 
Category: Sector Equity Technology
Category Benchmark: Morningstar Gbl Tech TME NR...
Key Stats
NAV
04/04/2025		 USD 14.68
Day Change -5.45%
Morningstar Category™ Sector Equity Technology
ISIN IE00BLLXGW89
Fund Size (Mil)
04/04/2025		 USD 832.99
Share Class Size (Mil)
04/04/2025		 USD 13.93
Max Initial Charge -
Ongoing Charge
14/02/2025		  0.97%
Investment Objective: Neuberger Berman Next Generation Connectivity Fund USD I Accumulating Class
The Portfolio aims to achieve a target average return of 3-5% over the Benchmark before fees over a market cycle (typically 3 years) from investing primarily in a portfolio of global equity holdings, focusing on companies that are involved or derive benefit from Next Generation Connectivity.
Returns
Trailing Returns (GBP)04/04/2025
YTD-22.78
3 Years Annualised0.75
5 Years Annualised-
10 Years Annualised-
12 Month Yield 0.00
Dividend Paying Frequency Annually
Management
Manager Name
Start Date
Timothy Creedon
08/04/2020
Hariharan Ramanan
08/04/2020
Click here to see others
Inception Date
08/04/2020

Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI ACWI NR USDMorningstar Gbl Tech TME NR USD
Portfolio Profile for  Neuberger Berman Next Generation Connectivity Fund USD I Accumulating Class28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock97.890.0097.89
Bond0.000.000.00
Property0.000.000.00
Cash2.110.002.11
Other0.000.000.00
Top 5 Regions%
United States66.48
Asia - Developed11.13
Eurozone8.09
Japan7.29
Asia - Emerging2.64
Top 5 Sectors%
Technology65.40
Communication Services21.92
Consumer Cyclical7.45
Healthcare2.06
Financial Services1.63
Top 5 HoldingsSector%
Amazon.com IncConsumer CyclicalConsumer Cyclical5.73
NVIDIA CorpTechnologyTechnology5.27
Meta Platforms Inc Class ACommunication ServicesCommunication Services5.25
Taiwan Semiconductor Manufacturi... TechnologyTechnology4.38
Broadcom IncTechnologyTechnology4.07
Increase Decrease New since last portfolio
Neuberger Berman Next Generation Connectivity Fund USD I Accumulating Class
Growth Of 1000 (GBP) 31/03/2025
Fund:  Neuberger Berman Next Generation Connectivity Fund USD I Accumulating Class
Category:  Sector Equity Technology
Category Index:  Morningstar Gbl Tech TME NR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 202120222023202431/03
Price Return6.49-35.9531.5737.21-12.25
+/- Category-8.48-7.770.1215.92-1.34
+/- Category Index-25.76-11.91-13.894.761.33
% Rank in Category7584521150
Trailing Returns (GBP)04/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-5.45   -1.25-1.49
1 Week-12.24   -3.78-1.93
1 Month-19.45   -5.94-3.09
3 Months-25.54   -7.18-1.60
6 Months-15.08   -6.600.03
YTD-22.78   -5.79-0.56
1 Year-10.56   -4.77-3.75
3 Years Annualised0.75   0.00-6.07
5 Years Annualised-   --
10 Years Annualised-   --
 
Category: Sector Equity Technology
Category Index: Morningstar Gbl Tech TME NR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-12.25---
202419.698.94-7.6313.91
202311.403.940.3413.25
2022-14.70-20.230.19-6.05
2021-2.877.99-2.343.96
2020--4.6917.84
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAverageAverage3 star
5-Year--Not Rated
10-Year--Not Rated
OverallAverageAverage3 star
 
Category :  Sector Equity TechnologyClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev22.81 %
3-Yr Mean Return8.68 %
 
3-Yr Sharpe Ratio0.19
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar Gbl Tech TME NR USD  Morningstar Gbl Tech TME NR USD
3-Yr Beta1.011.01
3-Yr Alpha-4.56-4.56
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)USD 179074-
Market Capitalisation% of Equity
Giant47.85
Large34.63
Medium13.50
Small4.02
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings24.581.03
Price/Book5.171.09
Price/Sales5.041.40
Price/Cash Flow10.190.71
Dividend-Yield Factor0.890.93
 
Long-Term Projected Earnings Growth15.591.14
Historical Earnings Growth15.531.45
Sales Growth7.441.25
Cash-Flow Growth22.801.90
Book-Value Growth8.731.04
 
Category: Sector Equity Technology
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock97.890.0097.89
Bond0.000.000.00
Property0.000.000.00
Cash2.110.002.11
Other0.000.000.00
World Regions28/02/2025
 % of EquityRelative to Category
United States66.481.02
Canada1.190.91
Latin America0.500.69
United Kingdom0.830.76
Eurozone8.091.38
Europe - ex Euro0.000.00
Europe - Emerging0.000.00
Africa0.000.00
Middle East1.843.03
Japan7.292.55
Australasia0.000.00
Asia - Developed11.130.87
Asia - Emerging2.640.36
 
Category: Sector Equity Technology
Sector Weightings28/02/2025
 % of EquityRelative to Category
Consumer CyclicalConsumer Cyclical7.450.95
Financial ServicesFinancial Services1.630.49
HealthcareHealthcare2.060.89
Communication ServicesCommunication Services21.921.72
IndustrialsIndustrials1.550.41
TechnologyTechnology65.400.95
 
Category: Sector Equity Technology
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings59
Total Number of Bond Holdings0
Assets in Top 10 Holdings40.08
NameSectorCountry% of Assets
Amazon.com Inc102United States5.73
NVIDIA Corp311United States5.27
Meta Platforms Inc Class A308United States5.25
Taiwan Semiconductor Manufacturing Co... 311Taiwan4.38
Broadcom Inc311United States4.07
T-Mobile US Inc308United States3.61
Alphabet Inc Class A308United States3.34
MediaTek Inc311Taiwan3.05
Disco Corp311Japan2.78
Credo Technology Group Holding Ltd311United States2.60
 
Increase Decrease New since last portfolio
Category: Sector Equity Technology
 
Management
Name of CompanyNeuberger Berman Asset Management Ireland Limited
Phone-
Website -
Address32 Molesworth St, Dublin
 -   -
 Ireland
DomicileIreland
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date08/04/2020
Fund Advisor(s)
Neuberger Berman Asset Management Ireland Limited
Fund ManagerTimothy Creedon
Manager Start Date08/04/2020
Education
Georgetown University
 
Biography
Timothy Creedon, CFA, Managing Director, joined Neuberger Berman Investment Advisers LLC in 2005 and is Director of Research for the Global Equity Research Department and a Portfolio Manager on the Neuberger Berman Focus Fund and the Neuberger Berman Research Opportunity Portfolio. Prior to his appointment as Director of Research, Tim served as an equity analyst covering Consumer Staples companies for the department. Previously, he spent three years working as a sell-side research associate at Lehman Brothers, also covering consumer stocks, and two years working in the Private Equity group at Lehman Brothers, where he was responsible for analyzing and executing investments in early stage telecom/media companies. Tim began his career at Merrill Lynch, where he spent two years working in Investment Banking, covering the telecommunications industry. He is a CFA charterholder and graduated magna cum laude from Georgetown University’s School of Foreign Service with a concentration in International Economics.
Fund ManagerHariharan Ramanan
Manager Start Date08/04/2020
 
Biography
2019 – Present Neuberger Berman 2014 – 2018 Valarc Holdings, Managing Partner, Global Equities 2007 — 2014 Eminence Capital, Portfolio Manager, International Equities 2004 — 2007 Basso Capital, Managing Director and Portfolio Manager 2002 – 2004 Advent International, Senior Associate, Private Equity 2000 - 2002 Lehman Brothers, Analyst, Private Equity Knox College, BA (Mathematics and Economics) 21 Years of Industry Experience
Fund ManagerYan Taw (YT) Boon
Manager Start Date08/04/2020
 
Biography
Yan Taw (YT) Boon Managing Director, Director of Research (Asia), Co-Portfolio Manager 2013 – Present Neuberger Berman, Hong Kong 2011 – 2013 Credit Suisse, Hong Kong 2010 – 2010 Huawei, China 2006 – 2009 Broadcom, UK 2004 – 2006 Cadence, UK 2003 – 2004 ARM, UK University of Edinburgh, MSc University of Southampton, BEng 17 Years of Industry Experience
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.85%
Ongoing Charge0.97%
Purchase Details
Minimum Investments
Initial1000000  USD
Additional-
Savings-
Tax Free Savings Schemes
ISAsNo