GLV Clough Global Dividend and Income, closed-end fund summary - CEF Connect (2024)

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Clough Global Dividend and Income:GLV

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    • All
    • Overview
    • Fund Basics
    • Distributions
    • Pricing Information
    • Performance
    • Portfolio Characteristics

    Overview

    As of 1/26/2024

    Share
    Price
    NAVPremium/
    Discount
    Current$5.31$6.39-16.90%
    52 Wk Avg$5.46$6.51-16.30%
    52 Wk High$6.59$7.19-10.31%
    52 Wk Low$4.70$5.83-19.53%
    Regular Distribution TypeManaged Distribution
    Distribution Rate11.89%
    Distribution Amount$0.0526
    Distribution FrequencyMonthly

    Closing Price ($) vertical range:

    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund's investment objective is to provide a high level of total return.The Fund seeks to pursue this objective by applying a fundamental research-driven investment process.

    Capital Structure

    As of 1/26/2024

    Total Investment Exposure:$107.837M
    Total Common Assets:$79.918M
    Common Shares Outstanding:12,506,783
    Leverage

    As of 1/26/2024

    Total Debt (USD):$27.919M
    Regulatory Leverage (USD):$16.000M
    Effective Leverage (USD):$27.919M
    Effective Leverage (%):25.89%
    Annual Expense Ratios

    As of 10/31/2023

    Per Common Share
    Management Fees1.24%
    Other Expenses:1.12%
    Baseline Expense:N/A
    Interest Expense:2.96%
    Total:5.32%
    Fund Management

    Fund Sponsor
    Clough Capital Partners L.P.

    Portfolio Managers
    Charles I. Clough

    Basics
    Category:Hybrid-Global Allocation
    Ticker:GLV
    NAV Ticker:XGLVX
    Average Daily Volume (shares):48,537
    Average Daily Volume (USD):$0.264M
    Inception Date:7/28/2004
    Inception Share Price:$20.00
    Inception NAV:$19.06
    Tender Offer:No
    Term:No
    Fiscal Year End:October 31
    Third Party Links & Reports

    Distributions

    As of 1/26/2024

    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.

    to

    Declared DatePayable DateEx DateDistrib 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 10/31/2023
    $0.0019
    Annualized Distribution Rate on NAV:
    As of 1/26/2024
    9.88%
    Total Return on NAV (12 months):
    As of 1/26/2024
    -1.81%
    Avg. Portfolio Coupon:
    As of 1/26/2024
    3.48%
    Total % Portfolio Effectively Leveraged:
    As of 1/26/2024
    25.89%

    Pricing Information

    Premium/Discount Information

    Past performance is no guarantee of future results.

    Premium/Discount Information

    As of 1/26/2024

    PeriodAvg Discount
    6 Month-17.48%
    1 Year-16.30%
    3 Year-6.20%
    5 Year-8.14%
    Z-Score

    As of 1/26/2024

    PeriodZStat
    3 Month1.21
    6 Month0.52
    1 Year-0.29
    Pricing History

    from

    DateNAVPremium / Discount

    Performance

    Calendar Year Total Returns

    As of 12/31/2023
    Category: Morningstar US CEF Global Allocation

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD-8.38%-1.81%15.02%15.33%
    2023-8.38%-1.81%15.02%15.33%
    2022-31.66%-24.64%-21.64%-16.98%
    202114.82%2.80%26.22%18.42%
    20207.77%8.46%-3.30%2.74%
    201922.25%13.22%32.69%22.80%
    2018-16.15%-10.39%-18.78%-12.01%
    201722.36%19.26%28.74%18.14%
    20160.40%-1.87%8.69%9.54%
    20150.80%-4.13%-7.10%-4.69%
    20146.55%4.04%7.81%6.00%
    201321.59%21.02%21.98%22.48%
    201217.57%15.31%18.62%18.00%
    2011-12.26%-10.31%
    201012.33%12.11%
    200955.58%43.41%
    2008-45.66%-40.74%
    20078.33%15.57%
    2006-10.08%7.04%
    200535.66%23.52%

    Past performance is no guarantee of future results.

    View Group Definitions

    Annualized Total Returns

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

    As of 12/31/2023
    Category: Morningstar US CEF Global Allocation

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 1/26/2024
    3.48%
    Number of Holdings:
    As of 3/31/2023
    118
    Annual Portfolio Turnover:
    As of 10/31/2023
    72.00%
    Average Bond Price:
    As of 3/31/2023
    $95.20
    Asset Allocation

    As of 3/31/2023

    Top Sectors

    As of 3/31/2023

    Sector%Portfolio
    Sensitive (Super Sector)49.16%
    Defensive (Super Sector)29.12%
    Cyclical (Super Sector)25.59%
    Technology21.94%
    Healthcare15.90%
    Corporate (Super Sector)14.54%
    Industrials12.69%
    Corporate Bond12.60%
    Financial Services11.11%
    Consumer Cyclical9.86%
    State Allocation

    As of 3/31/2023

    State% Portfolio
    Puerto Rico0.00%
    Top Holdings

    As of 3/31/2023

    HoldingValue% Portfolio
    Airbus SE$4.07M4.63%
    United States Treasury Notes 0.88%$3.87M4.41%
    Northrop Grumman Corp$3.61M4.11%
    Cisco Systems Inc$3.33M3.79%
    Morgan Stanley$3.29M3.75%
    Broadcom Inc$3.21M3.65%
    Microsoft Corp$3.03M3.45%
    Johnson & Johnson$2.96M3.37%
    Raytheon Technologies Corp$2.81M3.20%
    Exxon Mobil Corp$2.76M3.15%
    Credit Quality

    As of 3/31/2023

    Maturity Breakdown

    As of 3/31/2023

    Country Allocation

    As of 3/31/2023

    Country% Portfolio
    United States - Equity92.76%
    United States - Fixed Income18.02%
    Netherlands - Equity4.64%
    Sweden - Equity2.50%
    India - Equity2.46%
    Japan - Fixed Income1.56%
    China - Equity1.41%
    Taiwan - Equity1.30%
    Netherlands - Fixed Income0.99%
    South Korea - Equity0.59%
    Denmark - Equity0.31%
    Others - Fixed Income0.27%
    United Kingdom - Fixed Income0.06%
    Spain - Equity0.06%
    Australia - Equity0.04%
    Singapore - Equity0.04%
    Hong Kong - Equity0.03%
    Norway - Equity0.02%
    Germany - Fixed Income0.01%
    Israel - Equity0.01%
    Brazil - Fixed Income0.00%
    Mexico - Fixed Income0.00%
    Ireland - Fixed Income0.00%
    Colombia - Fixed Income0.00%
    Canada - Fixed Income0.00%
    South Africa - Fixed Income0.00%
    Australia - Fixed Income0.00%
    Spain - Fixed Income0.00%
    Belgium - Fixed Income0.00%
    Peru - Fixed Income0.00%
    France - Fixed Income0.00%
    Chile - Fixed Income0.00%
    India - Fixed Income0.00%
    Hungary - Fixed Income0.00%
    Switzerland - Fixed Income0.00%
    Indonesia - Fixed Income0.00%
    Singapore - Fixed Income0.00%
    China - Fixed Income0.00%
    Argentina - Fixed Income0.00%
    Sweden - Fixed Income0.00%
    Hong Kong - Fixed Income0.00%
    Others - Equity0.00%
    Turkey - Equity-0.01%
    Italy - Fixed Income-0.01%
    Switzerland - Equity-0.02%
    Canada - Equity-0.03%
    United Kingdom - Equity-0.34%
    Japan - Equity-0.34%
    Italy - Equity-0.40%
    Germany - Equity-0.41%
    France - Equity-0.83%

    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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    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 Fund sponsor's website.

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    GLV Clough Global Dividend and Income, closed-end fund summary - CEF Connect (1)

    View Morningstar Notice and Disclaimer

    As an expert in financial instruments and investment products, I'll analyze the provided information on the Clough Global Dividend and Income Fund (GLV) and break down the key concepts and metrics mentioned in the article:

    1. Fund Overview:

      • The Clough Global Dividend and Income Fund (GLV) aims to provide a high level of total return.
      • The investment strategy is driven by fundamental research.
    2. Pricing Information (as of 1/26/2024):

      • Share Price: $5.31
      • Net Asset Value (NAV): $6.39
      • Premium/Discount: -16.90%
      • 52-Week High/Low: $6.59/$4.70
    3. Distribution Information:

      • Distribution Rate: 11.89%
      • Distribution Amount: $0.0526
      • Distribution Frequency: Monthly
      • Regular Distribution Type: Managed Distribution
    4. Capital Structure (as of 1/26/2024):

      • Total Investment Exposure: $107.837 million
      • Total Common Assets: $79.918 million
      • Common Shares Outstanding: 12,506,783
    5. Leverage (as of 1/26/2024):

      • Total Debt: $27.919 million
      • Regulatory Leverage: $16.000 million
      • Effective Leverage: $27.919 million
      • Effective Leverage (%): 25.89%
    6. Annual Expense Ratios (as of 10/31/2023):

      • Management Fees: 1.24%
      • Other Expenses: 1.12%
      • Total: 5.32%
    7. Fund Management:

      • Fund Sponsor: Clough Capital Partners L.P.
      • Portfolio Managers: Charles I. Clough
    8. Fund Basics:

      • Category: Hybrid-Global Allocation
      • Ticker: GLV
      • NAV Ticker: XGLVX
      • Inception Date: 7/28/2004
    9. Average Daily Volume (as of 1/26/2024):

      • Average Daily Volume (Shares): 48,537
      • Average Daily Volume (USD): $0.264 million
    10. Distribution History:

      • Historical distribution information is available but requires specific start and end dates for detailed breakdowns.
    11. Key Information Regarding Distributions:

      • Average Earnings Per Share (as of 10/31/2023): $0.0019
      • Annualized Distribution Rate on NAV (as of 1/26/2024): 9.88%
      • Total Return on NAV (12 months, as of 1/26/2024): -1.81%
      • Avg. Portfolio Coupon (as of 1/26/2024): 3.48%
      • Total % Portfolio Effectively Leveraged (as of 1/26/2024): 25.89%
    12. Premium/Discount Information (as of 1/26/2024):

      • Avg Discount (6-Month): -17.48%
      • Avg Discount (1-Year): -16.30%
      • Z-Score (as of 1/26/2024): Various Z-Stats for different periods.
    13. Performance and Returns (as of 12/31/2023):

      • Calendar Year Total Returns for the past 20 years.
    14. Portfolio Characteristics (as of 1/26/2024):

      • Average Coupon: 3.48%
      • Number of Holdings: 118
      • Annual Portfolio Turnover: 72.00%
      • Average Bond Price: $95.20
    15. Asset Allocation (as of 3/31/2023):

      • Top Sectors: Sensitive, Defensive, Cyclical, Technology, Healthcare, Corporate, Industrials, Corporate Bond, Financial Services, Consumer Cyclical.
    16. State Allocation (as of 3/31/2023):

      • State % Portfolio: Puerto Rico 0.00%
    17. Top Holdings (as of 3/31/2023):

      • Examples include Airbus SE, United States Treasury Notes, Northrop Grumman Corp, Cisco Systems Inc, etc.
    18. Credit Quality (as of 3/31/2023):

      • Detailed credit quality information is not provided.
    19. Maturity Breakdown (as of 3/31/2023):

      • Maturity distribution of the bond holdings is not provided.
    20. Country Allocation (as of 3/31/2023):

      • Allocation percentages for various countries in both equity and fixed income.
    21. Closed-End Fund Information and Disclaimer:

      • Information about the closed-end fund structure, historical distribution sources, and important disclaimers about risks and the nature of closed-end funds.

    This detailed analysis covers the main concepts and metrics related to the Clough Global Dividend and Income Fund (GLV), providing a comprehensive overview of its structure, performance, and investment characteristics.

    GLV        Clough Global Dividend and Income, closed-end fund summary - CEF Connect (2024)
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