Clough Global Equity Fund

Holdings as of 12/31/2018, subject to change

Description % of Total Portfolio
Foreign Currency 4.80%
Starwood Property Trust, Inc. 3.01%
Blackstone Mortgage Trust, Inc. 2.98%
Ares Capital Corp. 2.57%
Microsoft Corp. 2.55%
T-Mobile US, Inc. 2.43%
Amazon.com, Inc. 2.22%
Visa, Inc. 2.13%
Citigroup, Inc. 1.88%
salesforce.com, Inc. 1.82%
GCI Liberty, Inc. 1.82%
Bank of America Corp. 1.76%
Mahindra & Mahindra, Ltd. 1.65%
Golub Capital BDC, Inc. 1.62%
Granite Point Mortgage Trust, Inc. 1.44%
HDFC Bank, Ltd. 1.34%
Maruti Suzuki India, Ltd. 1.29%
CRISPR Therapeutics AG 1.27%
Ping An Insurance Group Co. of China, Ltd. 1.21%
Solar Capital, Ltd. 1.21%
Total Return Swaps Contracts 1.20%
JPMorgan Chase & Co. 1.13%
Lennar Corp. 1.09%
Pfizer, Inc. 1.04%
Larsen & Toubro, Ltd. 0.99%
Boston Scientific Corp. 0.97%
Nintendo Co., Ltd. 0.95%
Ladder Capital Corp. 0.93%
SBA Communications Corp. 0.89%
RingCentral, Inc. 0.84%
DR Horton, Inc. 0.80%
Anthem, Inc. 0.79%
Mimecast, Ltd. 0.76%
WNS Holdings, Ltd. 0.75%
BeiGene, Ltd. 0.75%
Carvana Co. 0.73%
Veracyte, Inc. 0.73%
Netflix, Inc. 0.72%
Xilinx, Inc. 0.72%
TransDigm Group, Inc. 0.71%
Teladoc Health, Inc. 0.70%
Humana, Inc. 0.69%
Yelp, Inc. 0.68%
TPG Specialty Lending, Inc. 0.68%
Community Healthcare Trust, Inc. 0.67%
Broadcom, Ltd. 0.62%
Galaxy Entertainment Group, Ltd. 0.61%
ServiceNow, Inc. 0.60%
Apellis Pharmaceuticals, Inc. 0.59%
ViaSat, Inc. 0.57%
Noah Holdings, Ltd. 0.56%
Cigna Corp. 0.56%
Johnson & Johnson 0.55%
Credit Acceptance Corp. 0.55%
Huazhu Group, Ltd. 0.55%
Illumina, Inc. 0.55%
Guidewire Software, Inc. 0.54%
Amgen, Inc. 0.54%
BioMarin Pharmaceutical, Inc. 0.54%
UnitedHealth Group, Inc. 0.50%
GDS Holdings, Ltd. 0.48%
Cornerstone Total Return Fund, Inc. 0.48%
Cornerstone Strategic Value Fund, Inc. 0.46%
Correvio Pharma Corp. 0.45%
Lumentum Holdings, Inc. 0.44%
Gossamer Biosciences - 144A 0.43%
Vertex Pharmaceuticals, Inc. 0.42%
Align Technology, Inc. 0.41%
ASML Holding NV 0.40%
Centrexion Therapeutics - 144A 0.38%
Royce Value Trust, Inc. 0.35%
Aberdeen Total Dynamic Dividend Fund 0.32%
DoubleLine Income Solutions Fund 0.29%
GW Pharmaceuticals PLC 0.29%
Galapagos NV 0.28%
Calamos Global Dynamic Income Fund 0.26%
Baozun, Inc. 0.26%
Ashtead Group PLC 0.24%
KKR Income Opportunities Fund 0.23%
Idorsia, Ltd. - 144A 0.23%
Voya Global Equity Dividend and Premium Opportunity Fund 0.18%
Duff & Phelps Global Utility Income Fund, Inc. 0.18%
Pluralsight, Inc. 0.16%
Equillium, Inc. 0.16%
Apollo Senior Floating Rate Fund, Inc. 0.15%
Brookfield Real Assets Income Fund, Inc. 0.14%
Fairway Energy LP - 144A 0.14%
Intra-Cellular Therapies, Inc. 0.12%
Gabelli Convertible and Income Securities Fund, Inc. 0.12%
Wells Fargo Multi-Sector Income Fund 0.10%
MFS Charter Income Trust 0.10%
Virtus Global Dividend & Income Fund, Inc. 0.09%
Aberdeen Income Credit Strategies Fund 0.09%
Blackstone / GSO Strategic Credit Fund 0.09%
Nuveen Preferred & Income Securities Fund 0.05%
First Trust Intermediate Durat 0.05%
Sienna Biopharmaceuticals, Inc. 0.02%
Securities Sold Short -9.79%
BlackRock Liquidity Funds, T-Fund Portfolio - Institutional Class, 2.061% 7.03%
Total 76.62%
Fixed Income
Description % of Total Portfolio
U.S. Treasury Bond
02/15/2020, 3.625%
3.60%
U.S. Treasury Bonds
08/15/2029, 6.125%
1.67%
U.S. Treasury Bonds
08/15/2026, 6.750%
1.31%
U.S. Treasury Bills
02/07/2019, 2.240%
1.27%
U.S. Treasury Bonds
02/28/2019, 0.695%
1.14%
U.S. Treasury Bonds
04/30/2019, 0.508%
1.14%
U.S. Treasury Bond, 3.375% 1.08%
U.S. Treasury Bond, 3.125% 1.04%
U.S. Treasury Bonds
11/15/2026, 6.500%
1.04%
Wells Fargo & Co., 0.066% 1.01%
U.S. Treasury Bills
07/18/2019, 2.488%
1.00%
U.S. Treasury Bills
09/12/2019, 2.538%
1.00%
United States Treasury Bill
12/05/2019, 0.000%
0.99%
Ares Management Corp., 7.000% 0.94%
Annaly Capital Management, Inc., 6.500% 0.71%
Two Harbors Investment Corp., 0.000% 0.68%
Morgan Stanley, 0.055% 0.62%
PennyMac Mortgage Investment Trust, 0.000% 0.59%
U.S. Treasury Note
11/30/2019, 1.750%
0.50%
U.S. Treasury Bills
10/10/2019, 2.578%
0.50%
Bank of America Corp., 0.059% 0.46%
Summit Hotel Properties, Inc., 6.250% 0.42%
Two Harbors Investment Corp., 0.000% 0.30%
Global Medical REIT, Inc., 7.500% 0.22%
PennyMac Mortgage Investment Trust, 0.000% 0.12%
First Republic Bank, 5.500% 0.03%
Total Fixed Income 23.38%

1Only individual long positions shown.

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.