Clough Global Opportunities Fund

Holdings as of 05/31/2017, subject to change

Common Stock
Description % of Total Portfolio
Apple Inc 3.36%
Liberty Ventures - Series A 2.95%
Starwood Property Trust, Inc. 2.47%
Citigroup, Inc. 2.35%
Samsung Electronics Co., Ltd. 2.33%
Ares Capital Corp. 2.02%
Liberty Broadband Corp. - Class C 2.02%
Bank of America Corp. 1.88%
Merck & Co., Inc.
02/22/2017
1.55%
Broadcom, Ltd. 1.53%
Blackstone Mortgage Trust, Inc. - Class A 1.44%
DR Horton, Inc. 1.19%
ViaSat, Inc. 1.18%
Credit Acceptance Corp 1.17%
Western Digital Corp. 1.12%
Yelp Inc
06/10/2016
1.11%
Golub Capital BDC, Inc. 1.06%
Microsoft Corp. 1.04%
Align Technology Inc 1.02%
Dialog Semiconductor Plc 0.99%
Alphabet, Inc. - Class A 0.98%
PennyMac Mortgage Investment Trust 0.96%
Cognizant Technology Solutions Corp. - Class A 0.95%
Japan Tobacco Inc 0.87%
Alexion Pharmaceuticals, Inc. 0.76%
Biogen, Inc. 0.71%
Celgene Corp. 0.70%
PulteGroup, Inc. 0.69%
Chr Hansen Holding A/s 0.62%
Fairway Energy Lp - Pp - 144A 0.62%
Solar Capital, Ltd. 0.62%
Ellie Mae Inc
07/01/2018
0.60%
Amerco 0.60%
Pfizer Inc 0.59%
Facebook, Inc. - Class A 0.55%
Nintendo Co., Ltd. 0.51%
Hologic, Inc. 0.50%
Alibaba Group Holding, Ltd. - Sponsored ADR 0.49%
Cardiome Pharma Corp 0.49%
Sony Corp 0.47%
Lennar Corp. - Class A 0.46%
Welltower, Inc. 0.46%
Foxconn Technology Co., Ltd. 0.41%
Boston Scientific Corp 0.40%
Ulvac Inc 0.40%
salesforce.com, Inc.
11/10/2015
0.39%
Ladder Capital Corp. 0.37%
Vertex Pharmaceuticals Inc 0.36%
Bristol-Meyers Squibb Co. 0.36%
Baidu, Inc. - Sponsored ADR 0.36%
Global Medical Reit Inc 0.33%
Ptc Inc 0.29%
CRISPR Therapeutics AG - Series B - 144A 0.28%
Vipshop Holdings, Ltd. - ADR 0.28%
Biomarin Pharmaceutical Inc 0.27%
Sienna Biopharmaceuticals - Series B - 144A 0.27%
Crispr Therapeutics Ag 0.25%
Semiconductor Manufacturing In 0.24%
GW Pharmaceuticals PLC - ADR 0.22%
Editas Medicine Inc 0.20%
Intra-Cellular Therapies, Inc. 0.19%
Mtge Investment Corp 0.14%
Envision Healthcare Corp 0.13%
Kura Oncology Inc 0.05%
Total Common Stock 54.17%
Corporate Bonds
Description % of Total Portfolio
Wells Fargo Co Wfc 2.55 12/07/20
12/07/2020, 2.550%
1.16%
Ares Capital Cor Arcc 3 7/8 01/15/20
01/15/2020, 3.875%
0.86%
Liberty Mutual Libmut 7 03/15/37 - 144A
03/15/2037, 4.036%
0.83%
Dom Gas Hold Llc D 2 1/2 12/15/19
12/15/2019, 2.500%
0.79%
Physicians Realt Doc 4.3 03/15/27
03/15/2027, 4.300%
0.79%
Lear Corp Lea 4 3/4 01/15/23
01/15/2023, 4.750%
0.77%
General Motors Financial Co., Inc.
05/15/2023, 4.250%
0.71%
Ford Motor Cred F 3.336 03/18/21
03/18/2021, 3.336%
0.70%
Ares Capital Cor Arcc 3 5/8 01/19/22
01/19/2022, 3.625%
0.69%
Met Life Glob Met 1.95 09/15/21 - 144A
09/15/2021, 1.950%
0.67%
First Rep Bank Frc 4 3/8 08/01/46
08/01/2046, 4.375%
0.65%
Calatlantic Grou Caa 5 1/4 06/01/26
06/01/2026, 5.250%
0.62%
People's United Pbct 3.65 12/06/22
12/06/2022, 3.650%
0.60%
Health Care Reit Hcn 4 1/8 04/01/19
04/01/2019, 4.125%
0.59%
Scripps Networks Interactive, Inc.
06/15/2022, 3.500%
0.59%
Morgan Stanley Ms 2.8 06/16/20
06/16/2020, 2.800%
0.58%
General Motors Financial Co., Inc.
07/06/2021, 3.200%
0.58%
Pricoa Glob Fund Pru 2.2 05/16/19 - 144A
05/16/2019, 2.200%
0.57%
Microsoft Corp Msft 4 1/4 02/06/47
02/06/2047, 4.250%
0.57%
Royal Bk Canada Ry 1 7/8 02/05/20
02/05/2020, 1.875%
0.57%
Citigroup, Inc., 5.800% 0.57%
Citizens Bank National Association
05/13/2021, 2.550%
0.56%
Biogen Inc Biib 2.9 09/15/20
09/15/2020, 2.900%
0.55%
Goldman Sachs Gp Gs 2.35 11/15/21
11/15/2021, 2.350%
0.51%
Lear Corp Lea 5 1/4 01/15/25
01/15/2025, 5.250%
0.49%
Boston Prop Lp Bxp 4 1/8 05/15/21
05/15/2021, 4.125%
0.49%
Vf Corp Vfc 3 1/2 09/01/21
09/01/2021, 3.500%
0.48%
Jackson Nat Life Jaclif 2 1/4 04/29/21 - 144A
04/29/2021, 2.250%
0.47%
First Rep Bank Frc 4 5/8 02/13/47
02/13/2047, 4.625%
0.47%
Johnson&johnson Jnj 3.55 03/01/36
03/01/2036, 3.550%
0.47%
Goldman Sachs Gp Gs 2 3/4 09/15/20
09/15/2020, 2.750%
0.46%
PNC Bank National Association
11/05/2020, 2.450%
0.46%
Amazon.com Inc Amzn 2 1/2 11/29/22
11/29/2022, 2.500%
0.46%
Manuf & Traders Mtb 2 1/4 07/25/19
07/25/2019, 2.250%
0.46%
Manuf & Traders Mtb 2.1 02/06/20
02/06/2020, 2.100%
0.46%
New York Life Gl Nylife 2 04/09/20 - 144A
04/09/2020, 2.000%
0.46%
Merck & Co Inc Mrk 2 3/4 02/10/25
02/10/2025, 2.750%
0.46%
Jpmorgan Chase Jpm 2.4 06/07/21
06/07/2021, 2.400%
0.46%
Omega Healthcare Ohi 4 1/2 04/01/27
04/01/2027, 4.500%
0.46%
Unilever Capital Corp.
05/05/2027, 2.900%
0.45%
At&t Inc T 3.4 05/15/25
05/15/2025, 3.400%
0.45%
Emc Corp Emc 3 3/8 06/01/23
06/01/2023, 3.375%
0.44%
Bmw Us Cap Llc Bmw 1.85 09/15/21
09/15/2021, 1.850%
0.44%
Exelon Generation Co., LLC
01/15/2020, 2.950%
0.41%
Ace Ina Holdings Cb 2.3 11/03/20
11/03/2020, 2.300%
0.40%
Toronto Dom Bank Td 2 1/2 12/14/20
12/14/2020, 2.500%
0.39%
Five Cor Fnd Trs Pru 4.419 11/15/23 - 144A
11/15/2023, 4.419%
0.37%
Borg-warner Auto Bwa 4 3/8 03/15/45
03/15/2045, 4.375%
0.37%
First Rep Bank Frc 2 3/8 06/17/19
06/17/2019, 2.375%
0.34%
Emc Corp Dell 2.65 06/01/20
06/01/2020, 2.650%
0.34%
Citizens Bank National Association
12/04/2019, 2.450%
0.32%
Nextera Energy Nee 2.7 09/15/19
09/15/2019, 2.700%
0.23%
Bank Of Amer Crp Bac 2.503 10/21/22
10/21/2022, 2.503%
0.11%
Total Corporate Bonds 28.15%
Other Financial Instruments
Description % of Total Portfolio
Total Return Swaps Contracts 8.01%
Foreign Currency 0.49%
Rights and Warrants 0.00%2
Futures Contracts -0.52%
Securities Sold Short -4.13%
Total Other Financial Instruments 3.85%
Asset/Mortgage Backed Securities
Description % of Total Portfolio
Government National Mortgage Association - REMICS
05/16/2039, 2.150%
0.97%
Government National Mortgage Association - REMICS
09/16/2041, 1.900%
0.53%
Government National Mortgage Association - REMICS
01/16/1958, 2.400%
0.51%
Government National Mortgage Association - REMICS
07/16/1951, 2.500%
0.50%
Government National Mortgage Association - REMICS
07/16/2041, 1.368%
0.44%
Government National Mortgage Association - REMICS
02/16/2046, 1.300%
0.40%
Government National Mortgage Association - REMICS
08/16/2047, 2.550%
0.37%
Government National Mortgage Association - REMICS
09/16/1952, 2.387%
0.31%
Total Asset/Mortgage Backed Securities 4.03%
Short-Term Investments
Description % of Total Portfolio
BlackRock Liquidity Funds, T-Fund Portfolio - Institutional Class
12/31/2049, 0.630%
2.17%
Morgan Stanley Institutional Liquidity Fund
12/31/2049, 0.004%
0.00%2
Total Short-Term Investments 2.17%
Government & Agency Obligations
Description % of Total Portfolio
U.S. Treasury Bonds
11/15/2040, 4.250%
1.72%
U.S. Treasury Bonds
08/15/2029, 6.125%
1.08%
U.S. Treasury Bonds
11/15/2026, 6.500%
0.99%
Total Government & Agency Obligations 3.79%
Municipal Bond
Description % of Total Portfolio
Florida State Board of Administration Finance Corp. Revenue Bonds, Series A
07/01/2021, 2.638%
0.81%
New York City Ny Tran Ny 3.08 02/01/2026
02/01/2026, 3.080%
0.46%
Wisconsin-a-ref-txbl Wi 2.05 05/01/2023
05/01/2023, 2.049%
0.45%
New York State Urban Development Corp.
03/15/2023, 2.670%
0.35%
Total Municipal Bond 2.07%
Participation Notes
Description % of Total Portfolio
Kweichow Moutai Co., Ltd. - Class A (Loan Participation Notes issued by Morgan Stanley Asia Products), expiring 11/09/2017 - 144A 0.53%
Midea Group Co., Ltd. - Class A - 144A 0.32%
Total Participation Notes 0.85%
Preferred Stock
Description % of Total Portfolio
Annaly Capital, Series E, 7.625% 0.47%
Ares Mgmt 7%, Series A, 7.000% 0.45%
Total Preferred Stock 0.92%

1Only individual long positions shown.

2Less than 0.005% of total portfolio as of 05/31/2017.

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.