Clough Global Equity Fund

Holdings as of 03/31/2017, subject to change

Common Stock
Description % of Total Portfolio
Apple, Inc. 5.00%
Broadcom, Ltd. 3.29%
Samsung Electronics Co., Ltd. 2.67%
Ares Capital Corp. 2.21%
Liberty Ventures - Series A 2.09%
Blackstone Mortgage Trust, Inc. - Class A 2.01%
Starwood Property Trust, Inc. 2.00%
Liberty Broadband Corp. - Class C 1.90%
Citigroup, Inc. 1.86%
Bank of America Corp. 1.80%
Bristol-Meyers Squibb Co. 1.78%
Merck & Co., Inc.
02/22/2017
1.76%
Golub Capital BDC, Inc. 1.54%
Yelp, Inc.
06/10/2016
1.53%
DR Horton, Inc. 1.36%
Dominion Resources, Inc. 1.30%
Duke Energy Corp. 1.28%
ViaSat, Inc. 1.28%
Eversource Energy 1.27%
Microsoft Corp. 1.25%
IMAX Corp.
07/01/2018
1.21%
Ladder Capital Corp. 1.14%
Biogen, Inc. 1.11%
Credit Acceptance Corp. 1.11%
Ares Commercial Real Estate Corp. 1.10%
Align Technology, Inc. 1.09%
PennyMac Mortgage Investment Trust 1.08%
LogMeIn, Inc. 1.05%
Hologic, Inc. 1.00%
Boston Scientific Corp. 0.94%
T-Mobile US, Inc. 0.86%
National Grid PLC - ADR 0.86%
Hercules Capital, Inc. 0.85%
Alphabet, Inc. - Class A 0.85%
PulteGroup, Inc. 0.84%
Pfizer, Inc. 0.82%
Physicians Realty Trust 0.80%
MTGE Investment Corp. 0.80%
Japan Tobacco, Inc. 0.78%
Catcher Technology Co., Ltd. 0.72%
Alexion Pharmaceuticals, Inc. 0.70%
Intra-Cellular Therapies, Inc. 0.67%
Fairway Energy LP - 144A 0.65%
Chr Hansen Holding A/S 0.59%
BioMarin Pharmaceutical, Inc. 0.58%
Ellie Mae, Inc.
07/01/2018
0.57%
Akorn, Inc. 0.55%
Alibaba Group Holding, Ltd. - Sponsored ADR 0.55%
Celgene Corp. 0.55%
Cognizant Technology Solutions Corp. 0.54%
Lennar Corp. - Class A 0.54%
ams AG 0.52%
GW Pharmaceuticals PLC - ADR 0.51%
Solar Capital, Ltd. 0.50%
Galapagos NV - Sponsored ADR 0.50%
Kweichow Moutai Co Ltd - 144A 0.48%
Welltower REIT, Inc. 0.46%
Baidu, Inc. - Sponsored ADR 0.45%
Finisar Corp. 0.45%
CRISPR Therapeutics AG - Series B - 144A 0.45%
Sony Corp. 0.45%
Arbor Realty Trust, Inc. 0.43%
NxStage Medical, Inc.
07/01/2018
0.42%
Lumentum Holdings, Inc. 0.42%
Parsley Energy, Inc. - Class A 0.42%
Editas Medicine, Inc. 0.41%
Nintendo Co., Ltd. 0.39%
Goldman Sachs BDC, Inc. 0.39%
Service Corp. International 0.37%
Cardiome Pharma Corp. 0.37%
salesforce.com, Inc.
11/10/2015
0.37%
CRISPR Therapeutics AG 0.37%
Envision Healthcare Corp. 0.35%
Ulvac, Inc. 0.34%
Vertex Pharmaceuticals, Inc. 0.33%
Global Medical REIT, Inc. 0.32%
TRI Pointe Group, Inc. 0.32%
Cable One, Inc. 0.31%
Aduro Biotech, Inc. 0.31%
TPG Specialty Lending, Inc. 0.30%
Dermira, Inc. 0.24%
RSP Permian, Inc. 0.20%
Jazz Pharmaceuticals PLC 0.15%
Kura Oncology, Inc. 0.06%
Total Common Stock 77.04%
Closed-End Funds
Description % of Total Portfolio
Eaton Vance Tax-Managed Global Diversified Equity Income Fund 0.90%
Eaton Vance Tax-Managed Diversified Equity Income Fund 0.29%
Voya Global Equity Dividend and Premium Opportunity Fund 0.20%
Total Closed-End Funds 1.39%
Corporate Bonds
Description % of Total Portfolio
Citigroup, Inc., 5.800% 0.58%
Western Digital Corp.
04/01/2024, 10.500%
0.21%
Total Corporate Bonds 0.79%
Other Financial Instruments
Description % of Total Portfolio
Total Return Swaps Contracts 7.65%
Rights and Warrants -0.02%
Future Contract -0.50%
Securities Sold Short -4.51%
Total Other Financial Instruments 2.62%
Asset/Mortgage Backed Securities
Description % of Total Portfolio
Government National Mortgage Association - REMICS
10/16/2040, 2.337%
0.42%
Total Asset/Mortgage Backed Securities 0.42%
Short-Term Investments
Description % of Total Portfolio
BlackRock Liquidity Funds, T-Fund Portfolio - Institutional Class
12/31/2049, 0.364%
5.20%
Morgan Stanley Institutional Liquidity Fund
12/31/2049, 0.578%
0.45%
Total Short-Term Investments 5.65%
Government & Agency Obligations
Description % of Total Portfolio
U.S. Treasury Notes
08/15/2017, 4.750%
4.49%
U.S. Treasury Bonds
08/15/2029, 6.125%
1.84%
U.S. Treasury Notes
05/15/2017, 4.500%
1.48%
U.S. Treasury Notes
02/15/2018, 3.500%
1.21%
U.S. Treasury Bonds
11/15/2026, 6.500%
0.64%
Total Government & Agency Obligations 9.66%
Preferred Stock
Description % of Total Portfolio
NLY 7 5/8 SERIES E 1.07%
Ares Management LP, 7.000% 0.55%
Two Harbors Investment Corp., 8.125% 0.39%
PennyMac Mortgage Investment Trust, 8.125% 0.21%
Morgan Stanley, 5.850% 0.12%
Hercules Capital, Inc.
07/30/2024, 6.250%
0.09%
AGNC Investment Corp., 7.750% 0.00%2
Total Preferred Stock 2.43%

1Only individual long positions shown.

2Less than 0.005% of total portfolio as of 03/31/2017.

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.