In plain terms — Clough Global Equity Fund
Shares currently cost about 13.2% less than the value of the assets behind them (a discount).
Over the past year it has averaged a 11.1% discount, so today's level is somewhat wide for this fund (Z-score -1.4). That describes the past; it does not predict where the discount goes next.
It pays regular distributions worth about 11.7% a year of the share price (10.1% of the assets). That is a payout rate, not a return: part of it may be capital being handed back.
Because the shares trade below the value of their assets, each dollar of reinvested distributions buys about $1.15 of assets — a ReinvestCapture™ rate of 13.5%, more than the payout rate itself. That is buying power, not a return.
The assets themselves grew 9.6% over the past year including distributions (NAV total return).
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Price and NAV, past year
Snapshot
Valuation vs. history
| Window | Average prem/disc | Std. dev. | Z-score | Observations |
|---|---|---|---|---|
| 3 months | -10.65% | 1.27% | -1.57 | 63 |
| 6 months | -10.74% | 1.21% | -1.58 | 124 |
| 1 year | -11.12% | 1.09% | -1.40 | 248 |
| 3 years | -13.32% | — | — | — |
| 5 years | -10.81% | — | — | — |
Current contemporaneous premium/discount -12.64% (close Oct 14, 2026 vs NAV Oct 13, 2026). 1-year range -13.98% to -7.96%. A negative Z-score means a wider discount than the window average — not that the fund is undervalued.
Performance
| Series | 1M | 3M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) |
|---|---|---|---|---|---|---|
| Market price return | -5.49% | -12.84% | -3.39% | -3.39% | +10.65% | -13.20% |
| Market price total return | -4.60% | -10.47% | +4.69% | +7.44% | +23.61% | -2.04% |
| NAV return | 0.00% | -7.91% | -0.69% | -0.35% | +8.49% | -10.11% |
| NAV total return | +0.85% | -5.64% | +6.74% | +9.58% | +19.44% | +0.23% |
Through Oct 14, 2026. Total return reinvests distributions at the series value on the ex-date. Cumulative ≤ 1 year, annualised beyond.
About the fund
Clough Global Equity Fund is a closed ended equity mutual fund launched and managed by Clough Capital Partners, L.P. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors. It employs fundamental and quantitative analysis with a bottom up stock picking approach to create its portfolio, with focus on factors such as a company’s competitive position, quality of company management, quality and visibility of earnings and cash flow, balance sheet strength, and relative valuation. The fund follows a theme-based investment process which involves focusing on such events as industry consolidation, technological change, an emerging shortage of a product or raw material, and changes in government regulations. It benchmarks the performance of its portfolio against the S&P 500 Index. Clough Global Equity Fund was formed on January 25, 2005 and is domiciled in the United States.
CEF Explorer research page for Clough Global Equity Fund. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.