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Manage AlertsClough Global Dividend and Income:GLV
Overview
As of 1/26/2024
| Share Price | NAV | Premium/ 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 Type† | Managed Distribution |
| Distribution Rate | 11.89% |
| Distribution Amount | $0.0526 |
| Distribution Frequency | Monthly |
Closing Price ($) 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 Fees | 1.24% |
| 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 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 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
| Period | Avg Discount |
|---|---|
| 6 Month | -17.48% |
| 1 Year | -16.30% |
| 3 Year | -6.20% |
| 5 Year | -8.14% |
Z-Score
As of 1/26/2024
| Period | ZStat |
|---|---|
| 3 Month | 1.21 |
| 6 Month | 0.52 |
| 1 Year | -0.29 |
Pricing History
from
| Date | NAV | Premium / Discount |
|---|
Performance
Calendar Year Total Returns
As of 12/31/2023
Category: Morningstar US CEF Global Allocation
| Return Year | Price | NAV | Category - Price | Category - 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% |
| 2021 | 14.82% | 2.80% | 26.22% | 18.42% |
| 2020 | 7.77% | 8.46% | -3.30% | 2.74% |
| 2019 | 22.25% | 13.22% | 32.69% | 22.80% |
| 2018 | -16.15% | -10.39% | -18.78% | -12.01% |
| 2017 | 22.36% | 19.26% | 28.74% | 18.14% |
| 2016 | 0.40% | -1.87% | 8.69% | 9.54% |
| 2015 | 0.80% | -4.13% | -7.10% | -4.69% |
| 2014 | 6.55% | 4.04% | 7.81% | 6.00% |
| 2013 | 21.59% | 21.02% | 21.98% | 22.48% |
| 2012 | 17.57% | 15.31% | 18.62% | 18.00% |
| 2011 | -12.26% | -10.31% | ||
| 2010 | 12.33% | 12.11% | ||
| 2009 | 55.58% | 43.41% | ||
| 2008 | -45.66% | -40.74% | ||
| 2007 | 8.33% | 15.57% | ||
| 2006 | -10.08% | 7.04% | ||
| 2005 | 35.66% | 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% |
| Technology | 21.94% |
| Healthcare | 15.90% |
| Corporate (Super Sector) | 14.54% |
| Industrials | 12.69% |
| Corporate Bond | 12.60% |
| Financial Services | 11.11% |
| Consumer Cyclical | 9.86% |
State Allocation
As of 3/31/2023
| State | % Portfolio |
|---|---|
| Puerto Rico | 0.00% |
Top Holdings
As of 3/31/2023
| Holding | Value | % Portfolio |
|---|---|---|
| Airbus SE | $4.07M | 4.63% |
| United States Treasury Notes 0.88% | $3.87M | 4.41% |
| Northrop Grumman Corp | $3.61M | 4.11% |
| Cisco Systems Inc | $3.33M | 3.79% |
| Morgan Stanley | $3.29M | 3.75% |
| Broadcom Inc | $3.21M | 3.65% |
| Microsoft Corp | $3.03M | 3.45% |
| Johnson & Johnson | $2.96M | 3.37% |
| Raytheon Technologies Corp | $2.81M | 3.20% |
| Exxon Mobil Corp | $2.76M | 3.15% |
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 - Equity | 92.76% |
| United States - Fixed Income | 18.02% |
| Netherlands - Equity | 4.64% |
| Sweden - Equity | 2.50% |
| India - Equity | 2.46% |
| Japan - Fixed Income | 1.56% |
| China - Equity | 1.41% |
| Taiwan - Equity | 1.30% |
| Netherlands - Fixed Income | 0.99% |
| South Korea - Equity | 0.59% |
| Denmark - Equity | 0.31% |
| Others - Fixed Income | 0.27% |
| United Kingdom - Fixed Income | 0.06% |
| Spain - Equity | 0.06% |
| Australia - Equity | 0.04% |
| Singapore - Equity | 0.04% |
| Hong Kong - Equity | 0.03% |
| Norway - Equity | 0.02% |
| Germany - Fixed Income | 0.01% |
| Israel - Equity | 0.01% |
| Brazil - Fixed Income | 0.00% |
| Mexico - Fixed Income | 0.00% |
| Ireland - Fixed Income | 0.00% |
| Colombia - Fixed Income | 0.00% |
| Canada - Fixed Income | 0.00% |
| South Africa - Fixed Income | 0.00% |
| Australia - Fixed Income | 0.00% |
| Spain - Fixed Income | 0.00% |
| Belgium - Fixed Income | 0.00% |
| Peru - Fixed Income | 0.00% |
| France - Fixed Income | 0.00% |
| Chile - Fixed Income | 0.00% |
| India - Fixed Income | 0.00% |
| Hungary - Fixed Income | 0.00% |
| Switzerland - Fixed Income | 0.00% |
| Indonesia - Fixed Income | 0.00% |
| Singapore - Fixed Income | 0.00% |
| China - Fixed Income | 0.00% |
| Argentina - Fixed Income | 0.00% |
| Sweden - Fixed Income | 0.00% |
| Hong Kong - Fixed Income | 0.00% |
| Others - Equity | 0.00% |
| 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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Important information:
This site does not list all of the risks associated with each fund. Investors should contact a fund's sponsor for fund-specific risk information and/or contact a financial advisor before investing.
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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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:
-
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.
-
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
-
Distribution Information:
- Distribution Rate: 11.89%
- Distribution Amount: $0.0526
- Distribution Frequency: Monthly
- Regular Distribution Type: Managed Distribution
-
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
-
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%
-
Annual Expense Ratios (as of 10/31/2023):
- Management Fees: 1.24%
- Other Expenses: 1.12%
- Total: 5.32%
-
Fund Management:
- Fund Sponsor: Clough Capital Partners L.P.
- Portfolio Managers: Charles I. Clough
-
Fund Basics:
- Category: Hybrid-Global Allocation
- Ticker: GLV
- NAV Ticker: XGLVX
- Inception Date: 7/28/2004
-
Average Daily Volume (as of 1/26/2024):
- Average Daily Volume (Shares): 48,537
- Average Daily Volume (USD): $0.264 million
-
Distribution History:
- Historical distribution information is available but requires specific start and end dates for detailed breakdowns.
-
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%
-
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.
-
Performance and Returns (as of 12/31/2023):
- Calendar Year Total Returns for the past 20 years.
-
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
-
Asset Allocation (as of 3/31/2023):
- Top Sectors: Sensitive, Defensive, Cyclical, Technology, Healthcare, Corporate, Industrials, Corporate Bond, Financial Services, Consumer Cyclical.
-
State Allocation (as of 3/31/2023):
- State % Portfolio: Puerto Rico 0.00%
-
Top Holdings (as of 3/31/2023):
- Examples include Airbus SE, United States Treasury Notes, Northrop Grumman Corp, Cisco Systems Inc, etc.
-
Credit Quality (as of 3/31/2023):
- Detailed credit quality information is not provided.
-
Maturity Breakdown (as of 3/31/2023):
- Maturity distribution of the bond holdings is not provided.
-
Country Allocation (as of 3/31/2023):
- Allocation percentages for various countries in both equity and fixed income.
-
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.
