Morgan Stanley Direct Lending Fund (MSDL) vs Neuberger Next Generation Connectivity Fund (NBXG)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Neuberger Next Generation Connectivity Fund is the larger company by market cap ($1.25 billion vs $1.14 billion), about 1.1 times the size. On valuation, Neuberger Next Generation Connectivity Fund trades at a lower trailing P/E (3.6x vs 19.4x for Morgan Stanley Direct Lending Fund). Morgan Stanley Direct Lending Fund pays a dividend yielding 14.00%, while Neuberger Next Generation Connectivity Fund does not currently pay one.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | MSDL | NBXG |
|---|---|---|
| Share price | $13.57 | $15.84 |
| Market cap | $1.14B | $1.25B |
| 1-day change | +1.80% | -1.86% |
| P/E ratio (TTM) | 19.39 | 3.58 |
| Forward P/E | 7.53 | — |
| EPS (TTM) | $0.70 | $4.43 |
| Dividend yield | 14.00% | 10.00% |
| Annual dividend | $1.90 | $0.00 |
| 52-week high | $17.91 | $17.43 |
| 52-week low | $13.23 | $12.32 |
| Distance from 52-week high | -24.23% | -9.12% |
| Analyst consensus | none | — |
| Avg. price target upside | +15.03% | — |
| Average volume | 455.05K | 171.35K |
| Shares outstanding | 84.11M | 78.76M |
| Sector | Financial Services | Financial Services |
| Industry | Asset Management | Asset Management |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Morgan Stanley Direct Lending Fund trades at a higher earnings multiple (19.4x vs 3.6x trailing P/E).
- Morgan Stanley Direct Lending Fund offers a meaningfully higher dividend yield (14.00% vs 10.00%).
About Morgan Stanley Direct Lending Fund
MSDL stock →Morgan Stanley Direct Lending Fund is a business development company. It is a Private Debt fund.
Financial Services · Asset Management
About Neuberger Next Generation Connectivity Fund
NBXG stock →Neuberger Berman Income Funds - Neuberger Next Generation Connectivity Fund Inc. is headquartered in New York, New York.
Financial Services · Asset Management
MSDL vs NBXG FAQ
Which is bigger, Morgan Stanley Direct Lending Fund or Neuberger Next Generation Connectivity Fund?
Neuberger Next Generation Connectivity Fund (NBXG) is larger, with a market capitalization of $1.25B compared with $1.14B for Morgan Stanley Direct Lending Fund (MSDL).
Which has the lower P/E ratio, MSDL or NBXG?
NBXG has the lower trailing P/E at 3.6, versus 19.4 for MSDL. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Morgan Stanley Direct Lending Fund or Neuberger Next Generation Connectivity Fund?
Morgan Stanley Direct Lending Fund has the higher yield at 14.00%, compared with 10.00% for Neuberger Next Generation Connectivity Fund.
Are Morgan Stanley Direct Lending Fund and Neuberger Next Generation Connectivity Fund in the same industry?
Yes. Both are classified in the Asset Management industry within the Financial Services sector.