Clough Global Equity:GLQ

    Manage Alerts

    Overview

    As of 7/10/2020

     Share
    Price
    NAVPremium/
    Discount
    Current$11.50$13.35-13.86%
    52 Wk Avg$11.31$12.60-10.47%
    52 Wk High$12.99$13.96-5.98%
    52 Wk Low$5.87$9.52-24.47%
    Regular Distribution TypeManaged Distribution
    Distribution Rate11.52%
    Distribution Amount$0.1104
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The investment objective is to provide a high level of total return. A fundamental research-driven investment process will be applied in order to pursue this objective. Under normal circumstances, at least 80% of the net assets, including any borrowings for investment purposes, will be invested in securities in both U.S. and non-U.S. markets. The Fund intends to invest primarily in a managed mix of global equity securities. Up to 20% of the total assets may be invested in fixed income securities, including both corporate and sovereign debt in both U.S. and non-U.S. markets. The Fund will not invest more than 10% of total assets in below investment grade securities, and not more than 20% in securities of governments and companies in emerging markets.

    Capital Structure

    As of 7/10/2020

    Total Investment Exposure:$302.687M
    Total Common Assets:$176.632M
    Common Shares Outstanding:13,230,829
    Leverage

    As of 10/31/2018

    Preferred Share Assets:
    Total Debt (USD): $126.055M
    Regulatory Leverage (USD): $87.500M
    Effective Leverage (USD): $126.055M
    Effective Leverage (%): 41.65%
    Annual Expense Ratios

    As of 10/31/2019

      Per Common Share
    Management Fees1.51%
    Other Expenses:0.78%
    Baseline Expense: N/A
    Interest Expense:1.66%
    Total: 3.94%
    Fund Management

    Fund Sponsor
    Clough Capital Partners L.P.

    Portfolio Managers
    Charles I. Clough, Eric A. Brock

    Basics
    Category: Equity-Global Equity
    Ticker: GLQ
    NAV Ticker: XGLQX
    Average Daily Volume (shares): 68,342
    Average Daily Volume (USD): $0.763M
    Inception Date: 4/27/2005
    Inception Share Price: $20.00
    Inception NAV: $19.06
    Tender Offer: Yes
    Term: No
    Fiscal Year End: October 31
    Third Party Links & Reports

    Distributions

    As of 7/10/2020

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 4/30/2020
    -$0.0336
    Annualized Distribution Rate on NAV:
    As of 7/10/2020
    9.92%
    Total Return on NAV (12 months):
    As of 7/10/2020
    0.64%
    Avg. Portfolio Coupon:
    As of 7/10/2020
    1.96%
    Total % Portfolio Effectively Leveraged:
    As of 7/10/2020
    41.65%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 7/10/2020

    PeriodAvg Discount
    6 Month-11.95%
    1 Year-10.47%
    3 Year-7.53%
    5 Year-9.91%
    Z-Score

    As of 7/10/2020

    PeriodZStat
    3 Month-0.09
    6 Month-0.52
    1 Year-1.11
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 6/30/2020
    Category: Morningstar US CEF Global Equity

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD-6.92%-0.87%-15.52%-11.61%
    201923.94%20.70%28.86%22.23%
    2018-9.64%-8.50%-17.84%-12.39%
    201732.82%29.00%27.44%22.37%
    20160.11%-5.37%9.60%5.33%
    2015-4.60%-4.79%-9.26%-6.50%
    20142.25%2.87%2.67%1.91%
    201330.78%25.46%16.52%17.77%
    201218.48%14.61%15.75%13.21%
    2011-13.53%-10.85%-10.45%-6.27%
    201015.59%11.20%7.33%10.27%
    200963.62%48.28%51.90%32.23%
    2008-49.98%-43.67%-44.82%-41.71%
    20079.30%15.40%  
    2006-1.11%9.34%  
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 6/30/2020
    Category: Morningstar US CEF Global Equity

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 7/10/2020
    1.96%
    Number of Holdings:
    As of 5/31/2020
    98
    Annual Portfolio Turnover:
    As of 10/31/2019
    297.00%
    Average Bond Price:
    As of 5/31/2020
    $109.08
    Asset Allocation

    As of 5/31/2020 reported by Fund Sponsor

    Top Sectors

    As of 5/31/2020 reported by Fund Sponsor

    Sector%Portfolio
    Cyclical (Super Sector)54.66%
    Sensitive (Super Sector)34.64%
    Technology24.80%
    Financial Services24.76%
    Government23.55%
    Consumer Cyclical21.27%
    Government (Super Sector)19.17%
    Healthcare16.70%
    Defensive (Super Sector)16.64%
    Real Estate8.63%
    Top Holdings

    As of 5/31/2020 reported by Fund Sponsor

    HoldingValue% Portfolio
    PennyMac Financial Services Inc Class A$8.31M5.34%
    United States Treasury Notes 2.63%$6.94M4.46%
    Amazon.com Inc$6.79M4.36%
    United States Treasury Notes 1.13%$6.10M3.92%
    First American Financial Corp$5.98M3.84%
    AGNC Investment Corp$5.72M3.67%
    United States Treasury Bonds 2.75%$5.42M3.49%
    Visa Inc Class A$5.40M3.47%
    Mastercard Inc A$5.28M3.39%
    Eurodollar 90 Day$-6.64M-4.27%
    Credit Quality

    As of 5/31/2020 reported by Fund Sponsor

    Maturity Breakdown

    As of 5/31/2020 reported by Fund Sponsor

    Country Allocation

    As of 5/31/2020 reported by Fund Sponsor

    Country% Portfolio
    United States - Equity88.89%
    United States - Fixed Income23.55%
    China - Equity8.11%
    Switzerland - Equity3.03%
    Taiwan - Equity2.44%
    United Kingdom - Equity1.66%
    India - Equity1.42%
    South Korea - Equity1.31%
    Hong Kong - Equity0.92%
    Canada - Equity0.64%
    Belgium - Equity0.44%
    Others - Equity0.43%
    Singapore - Equity0.00%
    Russia - Equity0.00%
    Ireland - Equity0.00%
    France - Equity-0.13%
    Germany - Equity-0.52%
    Italy - Equity-0.74%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    Distribution type sourced from Morningstar. In general, managed distributions may be sourced from net investment income, realized gains and return of capital. CEFConnect.com does not undertake to disclose specific information about closed-end fund distribution sources. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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