Clough Global Equity Fund

Holdings as of 02/28/2017, subject to change

Common Stock
Description % of Total Portfolio
Apple, Inc. 4.85%
Broadcom, Ltd. 3.22%
Citigroup, Inc. 2.36%
Ares Capital Corp. 2.30%
Bank of America Corp. 2.22%
TransDigm Group, Inc. 2.20%
Liberty Ventures - Series A 2.09%
Starwood Property Trust, Inc. 2.06%
Blackstone Mortgage Trust, Inc. - Class A 2.06%
Samsung Electronics Co., Ltd. 2.04%
Liberty Broadband Corp. - Class C 1.92%
Bristol-Meyers Squibb Co. 1.88%
DR Horton, Inc. 1.64%
Yelp, Inc.
06/10/2016
1.60%
Merck & Co., Inc.
02/22/2017
1.58%
Golub Capital BDC, Inc. 1.50%
IMAX Corp.
07/01/2018
1.41%
ViaSat, Inc. 1.40%
T-Mobile US, Inc. 1.27%
China Mobile, Ltd. 1.26%
Microsoft Corp. 1.24%
Biogen, Inc. 1.19%
Lennar Corp. - Class A 1.18%
Ladder Capital Corp. 1.16%
Credit Acceptance Corp. 1.13%
PennyMac Mortgage Investment Trust 1.05%
PulteGroup, Inc. 1.00%
LogMeIn, Inc. 1.00%
Align Technology, Inc. 0.99%
Dialog Semiconductor PLC 0.99%
Hologic, Inc. 0.97%
Boston Scientific Corp. 0.94%
Ares Commercial Real Estate Corp. 0.90%
Dominion Resources, Inc. 0.88%
Duke Energy Corp. 0.87%
Eversource Energy 0.86%
Alphabet, Inc. - Class A 0.86%
Hercules Capital, Inc. 0.84%
National Grid PLC - ADR 0.84%
Pfizer, Inc. 0.84%
Physicians Realty Trust 0.81%
EOG Resources, Inc. 0.76%
MTGE Investment Corp. 0.69%
Concho Resources, Inc. 0.69%
Pioneer Natural Resources Co. 0.68%
Fairway Energy LP - 144A 0.66%
BioMarin Pharmaceutical, Inc. 0.63%
Catcher Technology Co., Ltd. 0.62%
Alibaba Group Holding, Ltd. - Sponsored ADR 0.59%
Finisar Corp. 0.56%
Chr Hansen Holding A/S 0.56%
Intra-Cellular Therapies, Inc. 0.55%
Alexion Pharmaceuticals, Inc. 0.55%
Service Corp. International 0.54%
Gilead Sciences, Inc. 0.53%
Solar Capital, Ltd. 0.50%
CRISPR Therapeutics AG - Series B - 144A 0.49%
ams AG 0.45%
GW Pharmaceuticals PLC - ADR 0.43%
Monolithic Power Systems, Inc. 0.43%
Sony Corp. 0.41%
CRISPR Therapeutics AG 0.41%
NMI Holdings, Inc. - Class A 0.40%
Parsley Energy, Inc. - Class A 0.40%
Goldman Sachs BDC, Inc. 0.39%
Arbor Realty Trust, Inc. 0.38%
Cardiome Pharma Corp. 0.38%
salesforce.com, Inc.
11/10/2015
0.37%
JPMorgan Chase & Co.
02/22/2017
0.36%
Nintendo Co., Ltd. 0.36%
Baidu, Inc. - Sponsored ADR 0.34%
Aduro Biotech, Inc. 0.33%
Ulvac, Inc. 0.32%
Wayfair, Inc. - Class A 0.32%
Cable One, Inc. 0.32%
Global Medical REIT, Inc. 0.31%
Jazz Pharmaceuticals PLC 0.29%
TPG Specialty Lending, Inc. 0.29%
Akorn, Inc. 0.24%
Envision Healthcare Corp. 0.23%
RSP Permian, Inc. 0.19%
Bioverativ, Inc. 0.11%
MaxLinear, Inc. - Class A 0.10%
Dermira, Inc. 0.10%
Kura Oncology, Inc. 0.08%
Total Common Stock 79.74%
Closed-End Funds
Description % of Total Portfolio
Eaton Vance Tax-Managed Global Diversified Equity Income Fund 0.61%
Eaton Vance Tax-Managed Diversified Equity Income Fund 0.57%
Voya Global Equity Dividend and Premium Opportunity Fund 0.20%
Calamos Global Dynamic Income Fund 0.11%
Total Closed-End Funds 1.49%
Corporate Bonds
Description % of Total Portfolio
Citigroup, Inc., 5.800% 0.59%
Western Digital Corp. -144A
04/01/2024, 10.500%
0.42%
SunTrust Banks, Inc., 5.625% 0.31%
Total Corporate Bonds 1.32%
Other Financial Instruments
Description % of Total Portfolio
Total Return Swaps Contracts 4.96%
Warrants 0.00%2
Foreign Currency 0.00%2
Futures Contracts -1.04%
Securities Sold Short -4.61%
Total Other Financial Instruments -0.69%
Asset/Mortgage Backed Securities
Description % of Total Portfolio
Government National Mortgage Association - REMICS
10/16/2040, 2.337%
0.43%
Total Asset/Mortgage Backed Securities 0.43%
Short-Term Investments
Description % of Total Portfolio
BlackRock Liquidity Funds, T-Fund Portfolio - Institutional Class
12/31/2049, 0.364%
4.98%
Total Short-Term Investments 4.98%
Government & Agency Obligations
Description % of Total Portfolio
U.S. Treasury Notes
08/15/2017, 4.750%
4.58%
U.S. Treasury Bonds
08/15/2029, 6.125%
1.88%
U.S. Treasury Notes
05/15/2017, 4.500%
1.51%
U.S. Treasury Notes
02/15/2018, 3.500%
1.23%
U.S. Treasury Bonds
11/15/2026, 6.500%
0.65%
U.S. Treasury Bonds
02/15/2041, 4.750%
0.59%
Total Government & Agency Obligations 10.44%
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, 0.000% 0.45%
Total Participation Notes 0.45%
Preferred Stock
Description % of Total Portfolio
Annaly Capital Management, Inc., 7.625% 1.07%
Ares Management LP, 7.000% 0.56%
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 1.84%

1Only individual long positions shown.

2Less than 0.005% of total portfolio as of 02/28/2017.

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.