Clough Global Dividend and Income Fund

Holdings as of 07/31/2017, subject to change

Common Stock
Description % of Total Portfolio
Apple, Inc. 3.11%
Citigroup, Inc. 2.76%
Samsung Electronics Co., Ltd. 2.65%
Liberty Ventures - Series A 2.61%
Starwood Property Trust, Inc. 2.57%
Bank of America Corp. 2.54%
Ares Capital Corp. 2.30%
Broadcom, Ltd. 2.10%
Pfizer, Inc. 1.97%
Microsoft Corp. 1.62%
Merck & Co., Inc.
02/22/2017
1.53%
Blackstone Mortgage Trust, Inc. 1.49%
Liberty Broadband Corp. 1.34%
Community Healthcare Trust, Inc. 1.32%
JPMorgan Chase & Co.
02/22/2017
1.32%
DR Horton, Inc. 1.31%
AMERCO 1.24%
Golub Capital BDC, Inc. 1.21%
Lam Research Corp. 1.18%
Solar Capital, Ltd. 1.05%
PennyMac Mortgage Investment Trust 0.99%
Cypress Semiconductor Corp. 0.87%
Japan Tobacco, Inc. 0.85%
Welltower, Inc. 0.85%
ViaSat, Inc. 0.82%
Bristol-Myers Squibb Co. 0.78%
PulteGroup, Inc. 0.77%
Cognizant Technology Solutions Corp. 0.71%
Solar Senior Capital, Ltd. 0.57%
Western Digital Corp. 0.56%
Sony Corp. 0.55%
Fairway Energy LP - 144A 0.53%
Service Corp. International 0.49%
Foxconn Technology Co., Ltd. 0.46%
Lennar Corp. - Class A 0.46%
Franklin Resources, Inc. 0.45%
Ares Commercial Real Estate Corp. 0.43%
Ulvac, Inc. 0.42%
Chr Hansen Holding A/S 0.37%
Ladder Capital Corp. 0.35%
Global Medical REIT, Inc. 0.35%
Cardiome Pharma Corp. 0.30%
Nintendo Co., Ltd. 0.30%
MTGE Investment Corp. 0.22%
Man Wah Holdings, Ltd. 0.15%
Total Common Stock 50.82%
Closed-End Funds
Description % of Total Portfolio
Adams Diversified Equity Fund, Inc. 0.94%
Liberty All-Star Equity Fund 0.19%
Pioneer High Income Trust 0.17%
Alpine Global Premier Properties Fund 0.15%
Total Closed-End Funds 1.45%
Corporate Bonds
Description % of Total Portfolio
Five Corners Funding Trust - 144A
11/15/2023, 4.419%
1.05%
Wells Fargo & Co.
12/07/2020, 2.550%
0.98%
Xcel Energy, Inc.
03/15/2021, 2.400%
0.97%
Citizens Bank NA
05/13/2021, 2.550%
0.97%
Lear Corp.
01/15/2023, 4.750%
0.75%
Liberty Mutual Group, Inc. - 144A
03/15/2037, 4.151%
0.71%
Ares Capital Corp.
01/19/2022, 3.625%
0.69%
ONE Gas, Inc.
02/01/2019, 2.070%
0.54%
Lear Corp.
01/15/2025, 5.250%
0.52%
Boston Properties LP
05/15/2021, 4.125%
0.51%
VF Corp.
09/01/2021, 3.500%
0.50%
Ares Capital Corp.
11/30/2018, 4.875%
0.50%
JPMorgan Chase & Co.
09/23/2022, 3.250%
0.50%
Welltower, Inc.
04/01/2019, 4.125%
0.50%
Ford Motor Credit Co. LLC
03/18/2021, 3.336%
0.49%
Jersey Central Power & Light Co.
06/15/2018, 4.800%
0.49%
First Republic Bank
02/13/2047, 4.625%
0.49%
Morgan Stanley
06/16/2020, 2.800%
0.49%
Avalonbay Commun Avb 2.95 09/15/22
09/15/2022, 2.950%
0.49%
Goldman Sachs Group, Inc.
09/15/2020, 2.750%
0.49%
Amazon.com, Inc.
11/29/2022, 2.500%
0.49%
PNC Bank NA
11/05/2020, 2.450%
0.49%
Chubb INA Holdings, Inc.
11/03/2020, 2.300%
0.49%
Bank of America Corp.
01/15/2019, 2.600%
0.49%
Morgan Stanley
01/24/2019, 2.500%
0.49%
BP Capital Markets PLC
05/10/2019, 2.237%
0.49%
Citizens Bank NA
03/14/2019, 2.500%
0.49%
Pricoa Global Funding I - 144A
05/16/2019, 2.200%
0.49%
First Republic Bank
06/17/2019, 2.375%
0.49%
Exelon Generation Co. LLC
10/01/2017, 6.200%
0.49%
Ford Motor Credit Co. LLC
03/12/2019, 2.375%
0.49%
Voya Financial, Inc.
02/15/2018, 2.900%
0.49%
Manufacturers & Traders Trust Co.
02/06/2020, 2.100%
0.48%
General Motors Financial Co., Inc.
04/10/2018, 2.400%
0.48%
Berkshire Hathaway Energy Co.
11/15/2018, 2.000%
0.48%
JPMorgan Chase & Co.
06/07/2021, 2.400%
0.48%
Goldman Sachs Group, Inc.
04/25/2019, 2.000%
0.48%
New York Life Global Funding - 144A
04/09/2020, 2.000%
0.48%
Sempra Energy
10/07/2019, 1.625%
0.48%
Jackson National Life Global Funding - 144A
04/29/2021, 2.250%
0.48%
Goldman Sachs Group, Inc.
11/15/2021, 2.350%
0.48%
EMC Corp.
06/01/2020, 2.650%
0.48%
BMW US Capital LLC - 144A
09/15/2021, 1.850%
0.48%
Metropolitan Life Global Funding I - 144A
09/15/2021, 1.950%
0.48%
Dr Pepper Snapple Group, Inc.
11/15/2021, 2.530%
0.47%
EMC Corp.
06/01/2023, 3.375%
0.47%
Scripps Networks Interactive, Inc.
06/15/2022, 3.500%
0.40%
Exelon Generation Co. LLC
01/15/2020, 2.950%
0.37%
BMW US Capital LLC
09/15/2021, 1.850%
0.24%
Total Corporate Bonds 26.22%
Other Financial Instruments
Description % of Total Portfolio
Foreign Currency 2.90%
Total Return Swaps Contracts 1.82%
Rights and Warrants 0.00%2
Futures Contracts -0.44%
Securities Sold Short -5.73%
Total Other Financial Instruments -1.45%
Asset/Mortgage Backed Securities
Description % of Total Portfolio
Government National Mortgage Association
01/16/1958, 2.400%
1.19%
Government National Mortgage Association
09/16/1952, 2.387%
0.62%
Government National Mortgage Association
05/16/2039, 2.150%
0.54%
Federal National Mortgage Association REMICS
08/25/2047, 3.500%
0.48%
Government National Mortgage Association
02/16/2046, 1.300%
0.38%
Government National Mortgage Association
08/16/2047, 2.550%
0.38%
Government National Mortgage Association
07/16/2041, 1.368%
0.36%
Government National Mortgage Association
12/16/1953, 2.623%
0.35%
Government National Mortgage Association
07/16/1951, 2.500%
0.33%
Government National Mortgage Association
02/16/1953, 2.111%
0.31%
Government National Mortgage Association
02/16/2042, 3.844%
0.27%
Government National Mortgage Association
09/16/2041, 1.900%
0.25%
Government National Mortgage Association
04/16/1950, 2.100%
0.23%
United States Small Business Administration
12/01/2028, 6.220%
0.07%
Total Asset/Mortgage Backed Securities 5.76%
Short-Term Investments
Description % of Total Portfolio
BlackRock Liquidity Funds, T-Fund Portfolio - Institutional Class
12/31/2049, 0.630%
3.27%
Total Short-Term Investments 3.27%
Government & Agency Obligations
Description % of Total Portfolio
U.S. Treasury Bond
11/15/2040, 4.250%
1.81%
U.S. Treasury Bond
11/15/2026, 6.500%
1.05%
U.S. Treasury Bond
08/15/2029, 6.125%
0.84%
U.S. Treasury Bond
05/15/2030, 6.250%
0.69%
U.S. Treasury Bonds
02/15/2038, 4.375%
0.61%
U.S. Treasury Bond
02/15/2044, 3.625%
0.55%
U.S. Treasury Bond
02/15/2047, 3.000%
0.49%
U.S. Treasury Bonds
05/15/2040, 4.375%
0.31%
Total Government & Agency Obligations 6.35%
Municipal Bond
Description % of Total Portfolio
State Board of Administration Finance Corp.
07/01/2021, 2.638%
0.98%
Colorado Housing & Finance Authority
08/01/2047, 3.000%
0.79%
Memphis-Shelby County Industrial Development Board
11/01/2022, 2.608%
0.49%
New York State Urban Development Corp.
03/15/2023, 2.670%
0.49%
New York City Transitional Finance Authority Future Tax Secured Revenue
02/01/2026, 3.080%
0.48%
State of Wisconsin
05/01/2022, 1.899%
0.48%
State of Wisconsin
05/01/2023, 2.049%
0.47%
New York Transportation Development Corp.
07/01/2024, 3.023%
0.47%
Total Municipal Bond 4.65%
Participation Notes
Description % of Total Portfolio
Midea Group Co., Ltd. - Class A - 144A 0.57%
Kweichow Moutai Co., Ltd. - Class A (Loan Participation Notes issued by Morgan Stanley Asia Products), expiring 11/09/2017 - 144A 0.30%
Total Participation Notes 0.87%
Preferred Stock
Description % of Total Portfolio
Annaly Capital Management, Inc., 7.625% 0.59%
Ares Management LP, 7.000% 0.46%
Two Harbors Investment Corp., 8.125% 0.36%
PennyMac Mortgage Investment Trust, 8.125% 0.27%
MTGE Investment Corp., 8.125% 0.13%
PennyMac Mortgage Investment Trust, 8.000% 0.12%
Hercules Capital, Inc.
07/30/2024, 6.250%
0.09%
Solar Capital, Ltd.
11/15/2042, 6.750%
0.04%
Total Preferred Stock 2.06%

1Only individual long positions shown.

2Less than 0.005% of total portfolio as of 07/31/2017.

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.