Clough Global Dividend and Income Fund

Holdings as of 05/31/2017, subject to change

Common Stock
Description % of Total Portfolio
Apple Inc 3.30%
Starwood Property Trust, Inc. 2.38%
Samsung Electronics Co., Ltd. 2.29%
Citigroup, Inc. 2.27%
Ares Capital Corp. 2.17%
Liberty Ventures - Series A 2.16%
Merck & Co., Inc.
02/22/2017
1.94%
Bank of America Corp. 1.80%
Pfizer Inc 1.80%
Microsoft Corp. 1.77%
Broadcom, Ltd. 1.59%
Blackstone Mortgage Trust, Inc. - Class A 1.40%
Community Healthcare Trust Inc 1.20%
Golub Capital BDC, Inc. 1.17%
Liberty Broadband Corp. - Class C 1.12%
DR Horton, Inc. 1.12%
Western Digital Corp. 1.11%
PennyMac Mortgage Investment Trust 0.92%
Solar Capital, Ltd. 0.86%
Japan Tobacco Inc 0.86%
Welltower, Inc. 0.78%
ViaSat, Inc. 0.75%
PulteGroup, Inc. 0.67%
Cognizant Technology Solutions Corp. - Class A 0.63%
Chr Hansen Holding A/s 0.61%
Amerco 0.60%
Fairway Energy Lp - Pp - 144A 0.59%
Solar Senior Capital, Ltd. 0.52%
Mtge Investment Corp 0.52%
Alibaba Group Holding, Ltd. - Sponsored ADR 0.48%
Sony Corp 0.45%
Ares Commercial Real Estate Co 0.42%
Lennar Corp. - Class A 0.42%
Service Corp. International 0.42%
Ulvac Inc 0.41%
Bristol-Meyers Squibb Co. 0.40%
Foxconn Technology Co., Ltd. 0.40%
Ladder Capital Corp. 0.35%
Global Medical Reit Inc 0.32%
Cardiome Pharma Corp 0.27%
Nintendo Co., Ltd. 0.25%
Total Common Stock 43.49%
Closed-End Funds
Description % of Total Portfolio
Adams Diversified Equity Fund 0.85%
Liberty All-Star Equity Fund 0.35%
Pioneer High Income Trust 0.16%
Flaherty & Crumrine Preferred 0.15%
Alpine Global Premier Properti 0.13%
Dreyfus High Yield Strategies 0.11%
Total Closed-End Funds 1.75%
Corporate Bonds
Description % of Total Portfolio
Five Cor Fnd Trs Pru 4.419 11/15/23 - 144A
11/15/2023, 4.419%
0.97%
Wells Fargo Co Wfc 2.55 12/07/20
12/07/2020, 2.550%
0.91%
Xcel Energy Inc Xel 2.4 03/15/21
03/15/2021, 2.400%
0.90%
Citizens Bank National Association
05/13/2021, 2.550%
0.90%
Sempra Energy Sre 1 5/8 10/07/19
10/07/2019, 1.625%
0.89%
Physicians Realt Doc 4.3 03/15/27
03/15/2027, 4.300%
0.78%
First Rep Bank Frc 4 3/8 08/01/46
08/01/2046, 4.375%
0.76%
Lear Corp Lea 4 3/4 01/15/23
01/15/2023, 4.750%
0.70%
Scripps Networks Interactive, Inc.
06/15/2022, 3.500%
0.70%
Liberty Mutual Libmut 7 03/15/37 - 144A
03/15/2037, 4.036%
0.65%
People's United Pbct 3.65 12/06/22
12/06/2022, 3.650%
0.64%
Ares Capital Cor Arcc 3 5/8 01/19/22
01/19/2022, 3.625%
0.63%
Citigroup, Inc., 5.800% 0.61%
Calatlantic Grou Caa 5 1/4 06/01/26
06/01/2026, 5.250%
0.56%
One Gas Inc Ogs 2.07 02/01/19
02/01/2019, 2.070%
0.50%
Lear Corp Lea 5 1/4 01/15/25
01/15/2025, 5.250%
0.48%
Microsoft Corp Msft 4 1/4 02/06/47
02/06/2047, 4.250%
0.48%
Boston Prop Lp Bxp 4 1/8 05/15/21
05/15/2021, 4.125%
0.48%
Vf Corp Vfc 3 1/2 09/01/21
09/01/2021, 3.500%
0.47%
General Motors Financial Co., Inc.
05/15/2023, 4.250%
0.47%
Ares Capital Cor Arcc 4 7/8 11/30/18
11/30/2018, 4.875%
0.46%
Health Care Reit Hcn 4 1/8 04/01/19
04/01/2019, 4.125%
0.46%
First Rep Bank Frc 4 5/8 02/13/47
02/13/2047, 4.625%
0.46%
Jersey Cent P&l Fe 4.8 06/15/18
06/15/2018, 4.800%
0.46%
Johnson&johnson Jnj 3.55 03/01/36
03/01/2036, 3.550%
0.46%
Ford Motor Cred F 3.336 03/18/21
03/18/2021, 3.336%
0.46%
Morgan Stanley Ms 2.8 06/16/20
06/16/2020, 2.800%
0.46%
Exelon Generation Co., LLC
10/01/2017, 6.200%
0.46%
Goldman Sachs Gp Gs 2 3/4 09/15/20
09/15/2020, 2.750%
0.46%
PNC Bank National Association
11/05/2020, 2.450%
0.45%
Amazon.com Inc Amzn 2 1/2 11/29/22
11/29/2022, 2.500%
0.45%
Bank Of Amer Crp Bac 2.6 01/15/19
01/15/2019, 2.600%
0.45%
Dom Gas Hold Llc D 2 1/2 12/15/19
12/15/2019, 2.500%
0.45%
Bp Capital Plc Bpln 2.237 05/10/19
05/10/2019, 2.237%
0.45%
Morgan Stanley Ms 2 1/2 01/24/19
01/24/2019, 2.500%
0.45%
Citizens Bank National Association
03/14/2019, 2.500%
0.45%
Ace Ina Holdings Cb 2.3 11/03/20
11/03/2020, 2.300%
0.45%
Ing Us Inc Voya 2.9 02/15/18
02/15/2018, 2.900%
0.45%
Manuf & Traders Mtb 2 1/4 07/25/19
07/25/2019, 2.250%
0.45%
Pricoa Glob Fund Pru 2.2 05/16/19 - 144A
05/16/2019, 2.200%
0.45%
At&t Inc T 2.45 06/30/20
06/30/2020, 2.450%
0.45%
General Motors Financial Co., Inc.
04/10/2018, 2.400%
0.45%
First Rep Bank Frc 2 3/8 06/17/19
06/17/2019, 2.375%
0.45%
Manuf & Traders Mtb 2.1 02/06/20
02/06/2020, 2.100%
0.45%
Ford Motor Credit Co., LLC
03/12/2019, 2.375%
0.45%
New York Life Gl Nylife 2 04/09/20 - 144A
04/09/2020, 2.000%
0.45%
Midamerican Ener Brkhec 2 11/15/18
11/15/2018, 2.000%
0.45%
Merck & Co Inc Mrk 2 3/4 02/10/25
02/10/2025, 2.750%
0.45%
Jpmorgan Chase Jpm 2.4 06/07/21
06/07/2021, 2.400%
0.45%
Caterpillar Finl Cat 1.7 06/16/18
06/16/2018, 1.700%
0.45%
Goldman Sachs Gp Gs 2 04/25/19
04/25/2019, 2.000%
0.45%
Omega Healthcare Ohi 4 1/2 04/01/27
04/01/2027, 4.500%
0.45%
Unilever Capital Corp.
05/05/2027, 2.900%
0.45%
Jackson Nat Life Jaclif 2 1/4 04/29/21 - 144A
04/29/2021, 2.250%
0.45%
Goldman Sachs Gp Gs 2.35 11/15/21
11/15/2021, 2.350%
0.45%
Emc Corp Dell 2.65 06/01/20
06/01/2020, 2.650%
0.44%
At&t Inc T 3.4 05/15/25
05/15/2025, 3.400%
0.44%
Met Life Glob Met 1.95 09/15/21 - 144A
09/15/2021, 1.950%
0.44%
BMW U.S. Capital LLC - 144A
09/15/2021, 1.850%
0.44%
Emc Corp Emc 3 3/8 06/01/23
06/01/2023, 3.375%
0.44%
Dr Pepper Snappl Dps 2.53 11/15/21
11/15/2021, 2.530%
0.43%
Exelon Generation Co., LLC
01/15/2020, 2.950%
0.34%
Wisconsin Energy Wec 2.45 06/15/20
06/15/2020, 2.450%
0.34%
Bmw Us Cap Llc Bmw 1.85 09/15/21
09/15/2021, 1.850%
0.22%
Total Corporate Bonds 32.85%
Other Financial Instruments
Description % of Total Portfolio
Total Return Swaps Contracts 7.59%
Foreign Currency 0.38%
Rights and Warrants 0.00%2
Futures Contracts -0.41%
Securities Sold Short -4.05%
Total Other Financial Instruments 3.51%
Asset/Mortgage Backed Securities
Description % of Total Portfolio
Government National Mortgage Association - REMICS
01/16/1958, 2.400%
1.11%
Government National Mortgage Association - REMICS
09/16/1952, 2.387%
0.61%
Government National Mortgage Association - REMICS
05/16/2039, 2.150%
0.54%
Government National Mortgage Association - REMICS
02/16/2046, 1.300%
0.36%
Government National Mortgage Association - REMICS
08/16/2047, 2.550%
0.36%
Government National Mortgage Association - REMICS
07/16/2041, 1.368%
0.34%
Government National Mortgage Association - REMICS
07/16/1951, 2.500%
0.33%
Government National Mortgage Association - REMICS
02/16/1953, 2.111%
0.29%
Government National Mortgage Association - REMICS
09/16/2041, 1.900%
0.26%
Government National Mortgage Association - REMICS
02/16/2042, 3.817%
0.25%
Government National Mortgage Association - REMICS
04/16/1950, 2.100%
0.22%
United States Small Business Administration
12/01/2028, 6.220%
0.08%
Total Asset/Mortgage Backed Securities 4.75%
Short-Term Investments
Description % of Total Portfolio
BlackRock Liquidity Funds, T-Fund Portfolio - Institutional Class
12/31/2049, 0.630%
2.56%
Morgan Stanley Institutional Liquidity Fund
12/31/2049, 0.004%
0.21%
Total Short-Term Investments 2.77%
Government & Agency Obligations
Description % of Total Portfolio
U.S. Treasury Bonds
11/15/2040, 4.250%
1.69%
U.S. Treasury Bonds
11/15/2026, 6.500%
0.98%
U.S. Treasury Bonds
08/15/2029, 6.125%
0.79%
U.S. Treasury Bonds
05/15/2030, 6.250%
0.65%
U.S. Treasury Bonds
02/15/2044, 3.625%
0.52%
U.S. Treasury Notes
05/15/2018, 3.875%
0.46%
Total Government & Agency Obligations 5.09%
Municipal Bond
Description % of Total Portfolio
Florida State Board of Administration Finance Corp. Revenue Bonds, Series A
07/01/2021, 2.638%
0.91%
New York City Ny Tran Ny 3.08 02/01/2026
02/01/2026, 3.080%
0.46%
New York State Urban Development Corp.
03/15/2023, 2.670%
0.45%
Memphis-Shelby County Industrial Development Board
11/01/2022, 2.608%
0.45%
State of Wisconsin
05/01/2022, 1.899%
0.44%
Wisconsin-a-ref-txbl Wi 2.05 05/01/2023
05/01/2023, 2.049%
0.44%
Total Municipal Bond 3.15%
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 0.51%
Midea Group Co., Ltd. - Class A - 144A 0.32%
Total Participation Notes 0.83%
Preferred Stock
Description % of Total Portfolio
Annaly Capital, Series E, 7.625% 0.54%
Ares Mgmt 7%, Series A, 7.000% 0.42%
Two Harbors Investment Corp., Series A, 8.125% 0.35%
PennyMac Mortgage Investment Trust, Series A, 8.125% 0.25%
Mtge Investment 8.125%, Series A, 8.125% 0.12%
Hercules Technol 6.25%
07/30/2024, 6.250%
0.09%
Solar Capital, Ltd.
11/15/2042, 6.750%
0.04%
Total Preferred Stock 1.81%

1Only individual long positions shown.

2Less than 0.005% of total portfolio as of 05/31/2017.

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.