Share-split context: A minor share adjustment was recorded on Jul 17, 2019 with coefficient 1.001. Current price-return figures are already normalized to the current share basis.

Clough Global Dividend and Income Fund (GLV)

What this ETF is trying to do:

The Clough Global Dividend and Income Fund (GLV) aims to provide investors with a high level of income through dividends and other distributions. It invests in global companies that pay regular dividends, focusing on stability and consistent returns.

What the numbers show:

As of October 7, 2026, GLV's current price is $5.77 per share. Over the past year, the ETF has seen a decline in its share price by -3.83%, but it has provided a total return of 7.17% when including distributions. This means that while the market value of each share dropped slightly, investors who held onto their shares still saw an overall gain due to income from dividends.

Income and distribution explanation:

GLV pays out distributions frequently—usually monthly—and paid out 12 times in the last year. The current distribution yield is quite high at 11.56%, which means that for every dollar invested, you can expect around $0.12 in annual income from dividends alone.

NAV erosion explanation:

GLV has a forward split history, meaning each share was divided into more shares without changing the total value of an investor's holdings. The most recent split happened on July 17, 2019, with a minor adjustment (the coefficient is very close to 1). While there are no signs of NAV erosion based on the available data, it’s important to note that high distribution yields alone do not guarantee stable principal value.

Pros:

• High Income: GLV offers a significant distribution yield, making it attractive for investors seeking regular income.

• Consistent Distributions: The ETF pays out distributions frequently and consistently throughout the year.

• Positive Total Return: Despite share price declines, GLV has provided positive total returns over various periods.

Cons:

• Share Price Decline: While the total return is positive, there has been a slight decline in the share price over the past year. This could be concerning for investors who prioritize capital preservation.

• Limited Transparency on Holdings: The ETF does not provide detailed information about its top holdings, making it harder to assess specific risks.

Beginner Takeaway:

Clough Global Dividend and Income Fund (GLV) is designed for income-focused investors looking for regular payouts. It offers a high distribution yield and has provided positive total returns over time despite some share price declines. However, the lack of detailed holdings information means that potential investors should carefully consider their risk tolerance and investment goals before adding GLV to their portfolio.

This ETF can serve as an income generator in a diversified portfolio but may not be suitable for those prioritizing capital growth or stability.