In plain terms — Clough Global Dividend & Income Fund
Shares currently cost about 13.9% less than the value of the assets behind them (a discount).
Over the past year it has averaged a 12.1% 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 11.8% 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 $1.16 of assets — a ReinvestCapture™ rate of 13.6%, more than the payout rate itself. That is buying power, not a return.
The assets themselves grew 9.9% 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 | -12.70% | 0.92% | -1.10 | 63 |
| 6 months | -12.78% | 0.95% | -0.98 | 124 |
| 1 year | -12.05% | 1.16% | -1.43 | 248 |
| 3 years | -13.22% | — | — | — |
| 5 years | -10.55% | — | — | — |
Current contemporaneous premium/discount -13.71% (close Oct 14, 2026 vs NAV Oct 13, 2026). 1-year range -15.31% to -9.26%. 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 | -3.69% | -11.42% | -3.85% | -2.55% | +5.27% | -12.58% |
| Market price total return | -2.77% | -8.97% | +4.34% | +8.60% | +17.93% | -1.51% |
| NAV return | -1.47% | -8.46% | -0.59% | -0.15% | +3.34% | -9.53% |
| NAV total return | -0.65% | -6.23% | +6.85% | +9.88% | +14.05% | +0.69% |
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 Dividend and Income Fund is a closed ended balanced mutual fund launched and managed by Clough Capital Partners L.P. The fund primarily invests in the public equity and fixed income markets across the globe. It seeks to invest in securities of companies operating across diversified sectors. For its fixed income portion, it invests in corporate and sovereign debt. It invest in fixed income securities having a maturity ranging from 30 days to over 30 years. The fund invests in non-U.S. markets primarily through liquid securities, including depositary receipts. Its equity portion primarily invests in stocks of small-cap and mid-cap companies. The fund employs a fundamental analysis with a bottom-up stock picking approach to make its investments. It primarily employs a theme-oriented investment approach which emphasizes on industry consolidation, technological change, an emerging shortage of a product or raw material which derives from a period of under-investment, and changes in government regulation or major economic or investment cycles. The fund's research process includes identifying shortages, global geographic growth opportunities, and unique global credit market opportunities. The fund was formerly known as Clough Global Allocation Fund. Clough Global Dividend and Income Fund was formed on April 27, 2004 and is domiciled in the United States.
CEF Explorer research page for Clough Global Dividend & Income Fund. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.