Clough Global Dividend and Income Fund

Holdings as of 12/31/2017, subject to change

Common Stock
Description % of Total Portfolio
Starwood Property Trust, Inc. 2.81%
Microsoft Corp. 2.74%
Bank of America Corp. 2.65%
Citigroup, Inc. 2.45%
Ares Capital Corp. 2.34%
Blackstone Mortgage Trust, Inc. 2.20%
JPMorgan Chase & Co. 2.13%
Community Healthcare Trust, Inc. 2.07%
Pfizer, Inc. 1.91%
Samsung Electronics Co., Ltd. 1.72%
Lam Research Corp. 1.61%
Apple, Inc. 1.53%
Liberty Broadband Corp. 1.24%
Broadcom, Ltd. 1.19%
Liberty Ventures 1.15%
Solar Capital, Ltd. 1.14%
Golub Capital BDC, Inc. 1.11%
Ping An Insurance Group Co. of China, Ltd. - Class H 1.10%
Panasonic Corp. 0.93%
BYD Co., Ltd. - Class H 0.76%
Sony Corp. 0.64%
Bristol-Myers Squibb Co. 0.59%
Microchip Technology, Inc. 0.58%
Equinix, Inc. 0.58%
American Tower Corp. 0.58%
Cognizant Technology Solutions Corp. 0.54%
Cypress Semiconductor Corp. 0.53%
TPG Specialty Lending, Inc. 0.50%
DR Horton, Inc. 0.49%
ViaSat, Inc. 0.49%
Fairway Energy LP - 144A 0.47%
Ulvac, Inc. 0.47%
Ladder Capital Corp. 0.46%
Japan Tobacco, Inc. 0.44%
Global Medical REIT, Inc. 0.43%
Lennar Corp. 0.39%
Service Corp. International 0.37%
PulteGroup, Inc. 0.35%
Largan Precision Co., Ltd. 0.32%
Nintendo Co., Ltd. 0.30%
Man Wah Holdings, Ltd. 0.24%
Lennar Corp 0.01%
Total Common Stock 44.55%
Corporate Bonds
Description % of Total Portfolio
Xcel Energy, Inc.
03/15/2021, 2.400%
1.35%
Citizens Fin Grp Cfg 4.15 09/28/22 - 144A
09/28/2022, 4.150%
0.94%
Wells Fargo Co Wfc 7.98 Perp
12/31/2049, 0.080%
0.73%
JPMorgan Chase & Co.
09/23/2022, 3.250%
0.70%
Raytheon Co Rtn 3 1/8 10/15/20
10/15/2020, 3.125%
0.70%
Welltower, Inc.
04/01/2019, 4.125%
0.69%
Ford Motor Credit Co. LLC
03/18/2021, 3.336%
0.69%
Hercules Capital, Inc.
10/23/2022, 4.625%
0.69%
Tencent Holdings, Ltd.
05/02/2019, 3.375%
0.69%
Jersey Central Power & Light Co.
06/15/2018, 4.800%
0.69%
Main Street Capi Main 4 1/2 12/01/19
12/01/2019, 4.500%
0.69%
Goldman Sachs Group, Inc.
09/15/2020, 2.750%
0.69%
UnitedHealth Group, Inc.
12/15/2019, 2.300%
0.68%
Citizens Bank National Association
03/14/2019, 2.500%
0.68%
BP Capital Markets PLC
05/10/2019, 2.237%
0.68%
General Motors Financial Co., Inc.
04/10/2018, 2.400%
0.68%
Ford Motor Credit Co. LLC
03/12/2019, 2.375%
0.68%
Volkswagen Grp Vw 2.45 11/20/19 - 144A
11/20/2019, 2.450%
0.68%
D.r. Horton Dhi 2.55 12/01/20
12/01/2020, 2.550%
0.68%
Citigroup, Inc.
04/25/2022, 2.750%
0.68%
First Republic Bank
06/17/2019, 2.375%
0.68%
Anheuser-Busch InBev Finance, Inc.
02/01/2019, 1.900%
0.68%
Goldman Sachs Group, Inc.
04/25/2019, 2.000%
0.68%
Manufacturers & Traders Trust Co.
02/06/2020, 2.100%
0.68%
Morgan Stanley
05/19/2022, 2.750%
0.68%
Manufacturers & Traders Trust Co.
05/18/2022, 2.500%
0.68%
Wells Fargo & Co.
07/22/2022, 2.625%
0.68%
Bank of America Corp.
10/21/2022, 2.503%
0.67%
Jackson National Life Global Funding - 144A
04/29/2021, 2.250%
0.67%
BMW US Capital LLC - 144A
09/15/2021, 1.850%
0.67%
Dr Pepper Snapple Group, Inc.
11/15/2021, 2.530%
0.66%
Philip Morris International, Inc.
08/22/2022, 2.500%
0.51%
PNC Bank National Association
11/05/2020, 2.450%
0.44%
Dupont Ei Nemour Dd 2.2 05/01/20
05/01/2020, 2.200%
0.44%
American Tower Amt 2.8 06/01/20
06/01/2020, 2.800%
0.34%
Mit Ufj Tr&bk Mufg 2.45 10/16/19 - 144A
10/16/2019, 2.450%
0.34%
Solar Capital Lt Slrc 4 1/2 01/20/23
01/20/2023, 4.500%
0.34%
BMW US Capital LLC
09/15/2021, 1.850%
0.33%
Voya Financial, Inc.
02/15/2018, 2.900%
0.31%
Total Corporate Bonds 25.17%
Other Financial Instruments
Description % of Total Portfolio
Total Return Swaps Contracts 7.89%
Foreign Currency -0.01%
Securities Sold Short -9.46%
Total Other Financial Instruments -1.58%
Asset/Mortgage Backed Securities
Description % of Total Portfolio
Sbic 2013-10b 1 Sbic 2013-10b 1
09/10/2023, 3.644%
0.80%
Government National Mortgage Association - REMICS
01/20/2047, 2.500%
0.66%
Government National Mortgage Association - REMICS
03/16/2049, 2.250%
0.66%
Federal Home Loan Mortgage Corp. - REMICS
07/15/2047, 2.500%
0.65%
Government National Mortgage Association - REMICS
09/16/1952, 2.387%
0.61%
Gnr 2013-118 Ad Gnr 2013-118 Ad
06/16/2036, 1.550%
0.59%
Federal National Mortgage Association - REMICS
03/25/2047, 3.000%
0.59%
Government National Mortgage Association - REMICS
08/16/2047, 2.550%
0.52%
Government National Mortgage Association - REMICS
12/16/1953, 2.623%
0.50%
Government National Mortgage Association - REMICS
07/16/2041, 1.368%
0.50%
Government National Mortgage Association - REMICS
02/16/2046, 1.300%
0.49%
Federal National Mortgage Association - REMICS
08/25/2047, 3.500%
0.49%
Government National Mortgage Association - REMICS
02/16/1953, 2.111%
0.43%
Government National Mortgage Association - REMICS
07/16/1951, 2.500%
0.43%
Government National Mortgage Association - REMICS
02/16/2042, 3.844%
0.36%
Government National Mortgage Association - REMICS
09/16/2041, 1.900%
0.33%
Government National Mortgage Association - REMICS
04/16/1950, 2.100%
0.32%
United States Small Business Administration
12/01/2028, 6.220%
0.09%
Total Asset/Mortgage Backed Securities 9.02%
Short-Term Investments
Description % of Total Portfolio
BlackRock Liquidity Funds, T-Fund Portfolio - Institutional Class
12/31/2049, 0.936%
2.96%
Treasury Bill B 05/17/18
05/17/2018, 0.000%
0.68%
Total Short-Term Investments 3.64%
Government & Agency Obligations
Description % of Total Portfolio
U.S. Treasury Bonds
11/15/2026, 6.500%
1.45%
U.S. Treasury Bonds
02/15/2041, 4.750%
1.34%
U.S. Treasury Bonds
08/15/2029, 6.125%
1.17%
U.S. Treasury Bonds
05/15/2030, 6.250%
0.96%
U.S. Treasury Bonds
05/15/2041, 4.375%
0.88%
U.S. Treasury Bonds
02/15/2038, 4.375%
0.87%
U.S. Treasury Bonds
11/15/2040, 4.250%
0.86%
U.S. Treasury Bonds
02/15/2044, 3.625%
0.80%
U.S. Treasury Bonds
08/15/2044, 3.125%
0.73%
Us Treasury N/b T 1 5/8 06/30/19
06/30/2019, 1.625%
0.68%
U.S. Treasury Note
12/15/2018, 1.250%
0.68%
Us Treasury N/b T 1 5/8 12/31/19
12/31/2019, 1.625%
0.68%
Total Government & Agency Obligations 11.10%
Municipal Bond
Description % of Total Portfolio
Colorado State Housing & Finance Authority Revenue Bonds, Series A
08/01/2047, 3.000%
1.09%
Memphis-Shelby County, Tennessee Industrial Development Board Revenue Bonds, Series C
11/01/2022, 2.608%
0.68%
Wisconsin State General Fund Annual Appropriation Revenue Bonds, Series A
05/01/2022, 1.899%
0.66%
Total Municipal Bond 2.43%
Participation Notes
Description % of Total Portfolio
Midea Group Co., Ltd. - 144A
05/13/2019
1.11%
Total Participation Notes 1.11%
Preferred Stock
Description % of Total Portfolio
Annaly Capital Management, Inc., 7.625% 0.82%
Summit Hotel 6.250%, Series E
12/31/2049, 6.250%
0.70%
Ares Management LP, 7.000% 0.63%
First Republic Bank
12/31/2049, 5.500%
0.61%
Two Harbors Investment Corp., 0.000% 0.53%
PennyMac Mortgage Investment Trust, 0.000% 0.38%
Two Harbors 7.250%, Series C
12/31/2049, 0.000%
0.34%
MTGE Investment Corp., 8.125% 0.19%
Global Medical REIT, Inc.
12/31/2049, 7.500%
0.19%
PennyMac Mortgage Investment Trust, 0.000% 0.17%
Total Preferred Stock 4.56%

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.