Clough Global Closed-End Funds

CLOUGH GLOBAL ALLOCATION PERFORMANCE (as of 6/30/2010)	Holdings	Distributions

	Month End (as of 6/30/2010)				Quarter End (as of 6/30/2010)
	Monthly	YTD	5 Year	Since Inception†	YTD	1 Year	5 Year	Since Inception‡
Market Price	-1.66%	-6.71%	-0.85%	14.62%	-6.71%	16.16%	-0.85%	2.33%
Net Asset Value	-2.07%	-8.26%	2.53%	33.51%	-8.26%	6.49%	2.53%	5.00%

†Inception date of 7/28/04
‡Annualized since inception date of 7/28/04.
Past performance is no guarantee of future results.
Returns include dividends reinvested.
S&P 500 Index: Broad-based measurement of changes in stock market conditions based on the average performance of 500 widely held common stocks commonly known as the Standard & Poor's 500 or S&P 500.
Index is unmanaged. It is not possible to invest directly in an index.

An investor should consider investment objectives, risks, charges and expenses carefully before investing. From this website, download a prospectus which contains this and other information. Read the prospectus carefully before investing or sending money.

Past performance cannot predict future results. Performance will fluctuate with changes in market conditions. Current performance may be lower or higher than the performance data shown. Performance information shown does not reflect the deduction of taxes that shareholders would pay on Fund distributions or the sale of Fund shares. An investment in the Fund involves risk, including loss of principal.

The Clough Global Equity Fund, the Clough Global Allocation Fund and the Clough Global Opportunities Fund are closed-end funds and closed-end funds do not continuously issue shares for sale as open-end mutual funds do. Since the initial public offering, the Funds now trades in the secondary market. Investors wishing to buy or sell shares need to place orders through an intermediary or broker. The share price of a closed-end fund is based on the market's value.

CLOUGH GLOBAL ALLOCATION PERFORMANCE (as of 6/30/2010)

Holdings

Distributions