Clough Global Opportunities Fund

Holdings as of 12/31/2017, subject to change

Common Stock
Description % of Total Portfolio
Starwood Property Trust, Inc. 3.02%
Bank of America Corp. 2.85%
Citigroup, Inc. 2.63%
Liberty Broadband Corp. 2.58%
Liberty Ventures 2.55%
Blackstone Mortgage Trust, Inc. 2.35%
JPMorgan Chase & Co. 2.30%
Ares Capital Corp. 2.19%
Apple, Inc. 1.70%
Samsung Electronics Co., Ltd. 1.59%
Microsoft Corp. 1.59%
Facebook, Inc. 1.56%
Amazon.com, Inc. 1.53%
Alibaba Group Holding, Ltd. 1.45%
CRISPR Therapeutics AG 1.43%
ViaSat, Inc. 1.42%
Credit Acceptance Corp. 1.36%
Broadcom, Ltd. 1.17%
Lam Research Corp. 1.10%
Golub Capital BDC, Inc. 1.03%
Panasonic Corp. 1.00%
Express Scripts Holding Co. 0.93%
Cognizant Technology Solutions Corp. 0.91%
JD.com, Inc. 0.88%
Ping An Insurance Group Co. of China, Ltd. - Class H 0.88%
Apellis Pharmaceuticals Inc 0.84%
Solar Capital, Ltd. 0.82%
ams AG 0.79%
BYD Co., Ltd. - Class H 0.77%
Salesforce.com, Inc. 0.74%
Micron Technology, Inc. 0.69%
Sony Corp. 0.69%
Clovis Oncology, Inc. 0.68%
Nintendo Co., Ltd. 0.66%
Intra-Cellular Therapies, Inc. 0.63%
Sienna Biopharmaceuticals - Series B - 144A 0.62%
Celgene Corp. 0.61%
Vertex Pharmaceuticals, Inc. 0.61%
GoDaddy, Inc. 0.60%
Microchip Technology, Inc. 0.59%
American Tower Corp. 0.58%
Equinix, Inc. 0.58%
DR Horton, Inc. 0.58%
Cypress Semiconductor Corp. 0.57%
Pfizer, Inc. 0.56%
Align Technology, Inc. 0.53%
Apellis Pharmaceutical - Pp - 144A 0.53%
Fairway Energy LP - 144A 0.51%
Ladder Capital Corp. 0.50%
Ctrip.com International, Ltd. 0.49%
Ulvac, Inc. 0.48%
Bristol-Myers Squibb Co. 0.47%
Japan Tobacco, Inc. 0.47%
Wayfair, Inc. 0.47%
GW Pharmaceuticals PLC 0.47%
Global Medical REIT, Inc. 0.46%
Lennar Corp. 0.45%
Centrexion Therapeutics - Pp - 144A 0.44%
Sienna Biopharmaceuticals, Inc. 0.42%
ServiceNow, Inc. 0.39%
PulteGroup, Inc. 0.39%
Bioverativ, Inc. 0.37%
TPG Specialty Lending, Inc. 0.34%
Largan Precision Co., Ltd. 0.32%
Cardiome Pharma Corp. 0.29%
Man Wah Holdings, Ltd. 0.25%
Baidu, Inc. 0.24%
Biogen, Inc. 0.22%
Boston Scientific Corp. 0.18%
BioMarin Pharmaceutical, Inc. 0.15%
Lennar Corp 0.01%
Total Common Stock 65.05%
Closed-End Funds
Description % of Total Portfolio
Altaba, Inc. 1.75%
Total Closed-End Funds 1.75%
Corporate Bonds
Description % of Total Portfolio
Citigroup, Inc.
04/25/2022, 2.750%
1.44%
Ford Motor Credit Co. LLC
03/18/2021, 3.336%
1.10%
Welltower, Inc.
04/01/2019, 4.125%
0.92%
First Republic Bank
06/17/2019, 2.375%
0.90%
Wells Fargo & Co.
07/22/2022, 2.625%
0.89%
Jackson National Life Global Funding - 144A
04/29/2021, 2.250%
0.74%
JPMorgan Chase & Co.
09/23/2022, 3.250%
0.74%
Tencent Holdings, Ltd.
05/02/2019, 3.375%
0.73%
Goldman Sachs Group, Inc.
09/15/2020, 2.750%
0.72%
Manufacturers & Traders Trust Co.
02/06/2020, 2.100%
0.72%
Toronto-Dominion Bank
12/14/2020, 2.500%
0.60%
Exelon Corp.
12/01/2020, 5.150%
0.56%
Hercules Capital, Inc.
10/23/2022, 4.625%
0.55%
UnitedHealth Group, Inc.
12/15/2019, 2.300%
0.54%
D.r. Horton Dhi 2.55 12/01/20
12/01/2020, 2.550%
0.54%
Citizens Bank National Association
12/04/2019, 2.450%
0.50%
American Tower Amt 2.8 06/01/20
06/01/2020, 2.800%
0.45%
Morgan Stanley
05/19/2022, 2.750%
0.45%
Solar Capital Lt Slrc 4 1/2 01/20/23
01/20/2023, 4.500%
0.45%
Bank of America Corp.
10/21/2022, 2.503%
0.45%
Raytheon Co Rtn 3 1/8 10/15/20
10/15/2020, 3.125%
0.43%
Mit Ufj Tr&bk Mufg 2.45 10/16/19 - 144A
10/16/2019, 2.450%
0.39%
PNC Bank National Association
11/05/2020, 2.450%
0.36%
Dupont Ei Nemour Dd 2.2 05/01/20
05/01/2020, 2.200%
0.36%
Philip Morris International, Inc.
08/22/2022, 2.500%
0.29%
Royal Bank of Canada
02/05/2020, 1.875%
0.18%
Biogen, Inc.
09/15/2020, 2.900%
0.00%2
Total Corporate Bonds 16.00%
Other Financial Instruments
Description % of Total Portfolio
Total Return Swaps Contracts 8.71%
Foreign Currency -0.22%
Securities Sold Short -10.71%
Total Other Financial Instruments -2.22%
Asset/Mortgage Backed Securities
Description % of Total Portfolio
Government National Mortgage Association - REMICS
09/16/2041, 1.900%
0.70%
Government National Mortgage Association - REMICS
07/16/1951, 2.500%
0.68%
Government National Mortgage Association - REMICS
07/16/2041, 1.368%
0.66%
Government National Mortgage Association - REMICS
02/16/2046, 1.300%
0.56%
Government National Mortgage Association - REMICS
08/16/2047, 2.550%
0.55%
Government National Mortgage Association - REMICS
12/16/1953, 2.623%
0.52%
Federal National Mortgage Association - REMICS
08/25/2047, 3.500%
0.52%
Sbic 2013-10b 1 Sbic 2013-10b 1
09/10/2023, 3.644%
0.49%
Federal National Mortgage Association - REMICS
03/25/2047, 3.000%
0.47%
Government National Mortgage Association - REMICS
01/20/2047, 2.500%
0.39%
Government National Mortgage Association - REMICS
09/16/1952, 2.387%
0.32%
Gnr 2013-118 Ad Gnr 2013-118 Ad
06/16/2036, 1.550%
0.28%
Total Asset/Mortgage Backed Securities 6.14%
Short-Term Investments
Description % of Total Portfolio
BlackRock Liquidity Funds, T-Fund Portfolio - Institutional Class
12/31/2049, 0.936%
2.07%
Total Short-Term Investments 2.07%
Government & Agency Obligations
Description % of Total Portfolio
U.S. Treasury Bonds
08/15/2044, 3.125%
1.16%
U.S. Treasury Bonds
02/15/2041, 4.750%
1.07%
U.S. Treasury Bonds
05/15/2040, 4.375%
1.04%
U.S. Treasury Bonds
05/15/2041, 4.375%
0.93%
U.S. Treasury Bonds
02/15/2038, 4.375%
0.92%
U.S. Treasury Bonds
08/15/2029, 6.125%
0.83%
U.S. Treasury Bonds
11/15/2026, 6.500%
0.75%
U.S. Treasury Notes
02/15/2019, 2.750%
0.54%
Total Government & Agency Obligations 7.24%
Participation Notes
Description % of Total Portfolio
Midea Group Co., Ltd. - 144A
05/13/2019
1.19%
Total Participation Notes 1.19%
Preferred Stock
Description % of Total Portfolio
Annaly Capital Management, Inc., 7.625% 0.74%
Ares Management LP, 7.000% 0.70%
Summit Hotel 6.250%, Series E
12/31/2049, 6.250%
0.55%
Two Harbors 7.250%, Series C
12/31/2049, 0.000%
0.47%
PennyMac Mortgage Investment Trust, 0.000% 0.32%
Total Preferred Stock 2.78%

1Only individual long positions shown.

2Less than 0.005% of total portfolio as of 12/31/2017.

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.