Clough Global Opportunities Fund

Holdings as of 07/31/2017, subject to change

Common Stock
Description % of Total Portfolio
Liberty Ventures - Series A 3.52%
Apple, Inc. 3.12%
Citigroup, Inc. 2.82%
Samsung Electronics Co., Ltd. 2.66%
Starwood Property Trust, Inc. 2.62%
Bank of America Corp. 2.60%
Liberty Broadband Corp. 2.38%
Ares Capital Corp. 2.11%
Broadcom, Ltd. 2.03%
Facebook, Inc. 1.93%
Blackstone Mortgage Trust, Inc. 1.52%
Credit Acceptance Corp. 1.44%
DR Horton, Inc. 1.37%
Yelp, Inc.
06/10/2016
1.37%
JPMorgan Chase & Co.
02/22/2017
1.32%
ViaSat, Inc. 1.26%
AMERCO 1.24%
Merck & Co., Inc.
02/22/2017
1.21%
Lam Research Corp. 1.17%
Golub Capital BDC, Inc. 1.08%
Cognizant Technology Solutions Corp. 1.05%
PennyMac Mortgage Investment Trust 1.02%
Align Technology, Inc. 0.99%
Cypress Semiconductor Corp. 0.87%
Japan Tobacco, Inc. 0.85%
PulteGroup, Inc. 0.79%
Microsoft Corp. 0.79%
Solar Capital, Ltd. 0.78%
Bristol-Myers Squibb Co. 0.74%
Alexion Pharmaceuticals, Inc. 0.72%
Bioverativ, Inc. 0.71%
Dialog Semiconductor PLC 0.70%
Alibaba Group Holding, Ltd. 0.66%
Pfizer, Inc. 0.63%
Nintendo Co., Ltd. 0.61%
Sony Corp. 0.56%
Amazon.com, Inc. 0.56%
Western Digital Corp. 0.56%
Fairway Energy LP - 144A 0.55%
Hologic, Inc. 0.54%
Cardiome Pharma Corp. 0.53%
Ellie Mae, Inc.
07/01/2018
0.51%
Lennar Corp. - Class A 0.50%
Welltower, Inc. 0.49%
Vertex Pharmaceuticals, Inc. 0.47%
Celgene Corp. 0.47%
Foxconn Technology Co., Ltd. 0.46%
Sienna Biopharmaceuticals - Series B - 144A 0.45%
Franklin Resources, Inc. 0.45%
Biogen, Inc. 0.44%
Boston Scientific Corp. 0.42%
Ulvac, Inc. 0.41%
NuVasive, Inc. 0.39%
Chr Hansen Holding A/S 0.38%
CRISPR Therapeutics AG - Series B 0.38%
Ladder Capital Corp. 0.37%
salesforce.com, Inc.
11/10/2015
0.36%
GW Pharmaceuticals PLC 0.35%
Global Medical REIT, Inc. 0.35%
CRISPR Therapeutics AG 0.34%
Sienna Biopharmaceuticals, Inc. 0.32%
Vipshop Holdings, Ltd. 0.29%
Semiconductor Manufacturing International Corp. 0.26%
Baidu, Inc. 0.23%
Intra-Cellular Therapies, Inc. 0.23%
Man Wah Holdings, Ltd. 0.15%
BioMarin Pharmaceutical, Inc. 0.15%
Envision Healthcare Corp. 0.14%
MTGE Investment Corp. 0.06%
Kura Oncology, Inc. 0.06%
Total Common Stock 63.86%
Corporate Bonds
Description % of Total Portfolio
Wells Fargo & Co.
12/07/2020, 2.550%
1.23%
Ares Capital Corp.
01/15/2020, 3.875%
0.91%
Liberty Mutual Group, Inc. - 144A
03/15/2037, 4.151%
0.89%
Lear Corp.
01/15/2023, 4.750%
0.81%
Ford Motor Credit Co. LLC
03/18/2021, 3.336%
0.74%
Ares Capital Corp.
01/19/2022, 3.625%
0.74%
Metropolitan Life Global Funding I - 144A
09/15/2021, 1.950%
0.72%
Avalonbay Commun Avb 2.95 09/15/22
09/15/2022, 2.950%
0.64%
Welltower, Inc.
04/01/2019, 4.125%
0.63%
Morgan Stanley
06/16/2020, 2.800%
0.62%
General Motors Financial Co., Inc.
07/06/2021, 3.200%
0.62%
Royal Bank of Canada
02/05/2020, 1.875%
0.60%
Citizens Bank NA
05/13/2021, 2.550%
0.60%
Goldman Sachs Group, Inc.
11/15/2021, 2.350%
0.54%
Lear Corp.
01/15/2025, 5.250%
0.52%
Boston Properties LP
05/15/2021, 4.125%
0.51%
VF Corp.
09/01/2021, 3.500%
0.51%
Jackson National Life Global Funding - 144A
04/29/2021, 2.250%
0.50%
JPMorgan Chase & Co.
09/23/2022, 3.250%
0.50%
First Republic Bank
02/13/2047, 4.625%
0.49%
Goldman Sachs Group, Inc.
09/15/2020, 2.750%
0.49%
Amazon.com, Inc.
11/29/2022, 2.500%
0.49%
PNC Bank NA
11/05/2020, 2.450%
0.49%
Manufacturers & Traders Trust Co.
02/06/2020, 2.100%
0.49%
JPMorgan Chase & Co.
06/07/2021, 2.400%
0.49%
New York Life Global Funding - 144A
04/09/2020, 2.000%
0.48%
EMC Corp.
06/01/2023, 3.375%
0.47%
BMW US Capital LLC
09/15/2021, 1.850%
0.46%
Exelon Generation Co. LLC
01/15/2020, 2.950%
0.43%
Chubb INA Holdings, Inc.
11/03/2020, 2.300%
0.43%
Toronto-Dominion Bank
12/14/2020, 2.500%
0.41%
Five Corners Funding Trust - 144A
11/15/2023, 4.419%
0.39%
First Republic Bank
06/17/2019, 2.375%
0.37%
EMC Corp.
06/01/2020, 2.650%
0.36%
Citizens Bank NA
12/04/2019, 2.450%
0.34%
Scripps Networks Interactive, Inc.
06/15/2022, 3.500%
0.33%
Bank of America Corp.
10/21/2022, 2.503%
0.12%
Biogen, Inc.
09/15/2020, 2.900%
0.00%2
Total Corporate Bonds 20.36%
Other Financial Instruments
Description % of Total Portfolio
Total Return Swaps Contracts 1.79%
Foreign Currency 1.13%
Rights and Warrants 0.00%2
Futures Contracts -0.55%
Securities Sold Short -5.76%
Total Other Financial Instruments -3.39%
Asset/Mortgage Backed Securities
Description % of Total Portfolio
Government National Mortgage Association
05/16/2039, 2.150%
0.96%
Government National Mortgage Association
01/16/1958, 2.400%
0.53%
Government National Mortgage Association
09/16/2041, 1.900%
0.51%
Government National Mortgage Association
07/16/1951, 2.500%
0.49%
Federal National Mortgage Association REMICS
08/25/2047, 3.500%
0.48%
Government National Mortgage Association
07/16/2041, 1.368%
0.45%
Government National Mortgage Association
02/16/2046, 1.300%
0.42%
Government National Mortgage Association
08/16/2047, 2.550%
0.38%
Government National Mortgage Association
12/16/1953, 2.623%
0.35%
Government National Mortgage Association
09/16/1952, 2.387%
0.31%
Total Asset/Mortgage Backed Securities 4.88%
Short-Term Investments
Description % of Total Portfolio
BlackRock Liquidity Funds, T-Fund Portfolio - Institutional Class
12/31/2049, 0.630%
3.76%
Total Short-Term Investments 3.76%
Government & Agency Obligations
Description % of Total Portfolio
U.S. Treasury Bond
11/15/2040, 4.250%
1.81%
U.S. Treasury Bond
08/15/2029, 6.125%
1.14%
U.S. Treasury Bond
11/15/2026, 6.500%
1.03%
U.S. Treasury Bonds
05/15/2040, 4.375%
0.69%
U.S. Treasury Bond
02/15/2047, 3.000%
0.62%
U.S. Treasury Bonds
02/15/2038, 4.375%
0.61%
Total Government & Agency Obligations 5.90%
Municipal Bond
Description % of Total Portfolio
State Board of Administration Finance Corp.
07/01/2021, 2.638%
0.86%
New York City Transitional Finance Authority Future Tax Secured Revenue
02/01/2026, 3.080%
0.49%
State of Wisconsin
05/01/2023, 2.049%
0.47%
New York Transportation Development Corp.
07/01/2024, 3.023%
0.37%
New York State Urban Development Corp.
03/15/2023, 2.670%
0.37%
Total Municipal Bond 2.56%
Participation Notes
Description % of Total Portfolio
Midea Group Co., Ltd. - Class A - 144A 0.57%
Kweichow Moutai Co., Ltd. - Class A (Loan Participation Notes issued by Morgan Stanley Asia Products), expiring 11/09/2017 - 144A 0.31%
Total Participation Notes 0.88%
Preferred Stock
Description % of Total Portfolio
Annaly Capital Management, Inc., 7.625% 0.50%
Ares Management LP, 7.000% 0.48%
PennyMac Mortgage Investment Trust, 8.000% 0.21%
Total Preferred Stock 1.19%

1Only individual long positions shown.

2Less than 0.005% of total portfolio as of 07/31/2017.

According to the Fund's holding disclosure policy, as approved by the Board of Trustees, the release of the month-end holdings information will be delayed at least 30 days.

Holdings subject to change without notice.