GLO - Clough Global Opportunities Fund

What this means for you

Saba has told the regulator it may push for changes at this fund. That usually means asking the fund to buy back shares at close to the full value of its holdings, to change who runs it, or to close down and pay holders out.

Nothing is required of you now. If the fund itself announces a buy-back or a vote, it appears in the box above with the date by which you would need to act.

Large investors can also sell down and walk away. We show every notice they file, the day it is filed.

Email me if this changes

What happened, and when

1. Aug 14, 2026

   RiverNorth sold down below 5% and stopped reporting.

   Original document →

2. May 15, 2026

   RiverNorth cut its stake to 5.2% (from 7%), as a passive investor.

   Original document →

3. May 11, 2026

   Morgan Stanley sold down below 5% and stopped reporting.

   Original document →

4. May 11, 2026

   Saba raised its stake to 8.2% (from 7.1%). It has said it may push for changes.

   Original document →

5. Dec 31, 2025

   Saba raised its stake to 7.1% (from 6.1%). It has said it may push for changes.

   Original document →

About this fund

• Run by Clough Capital Partners L.P. Part of the Clough fund family. As of Oct 31, 2025, from the fund's yearly report. Original document →
• Size: about $280 million of holdings, as of July 31, 2026. As of July 31, 2026, from the fund's quarterly holdings report. Original document →
• Borrowing: the fund borrows about 33% on top of its own money, as of July 31, 2026. Borrowed money makes gains and losses bigger. As of July 31, 2026, from the fund's quarterly holdings report. Original document →
• The fund's own example of what borrowing does: in a year in which the holdings returned -10%, a share would return about -15.1%; at +10%, about +12.7%. As of Oct 31, 2025, from the fund's annual report. Original document →
• Costs: 1.5% a year in management fees; 3.5% a year in total, including interest on borrowed money. Fiscal year ended Oct 31, 2025. As of Oct 31, 2025, from the fund's yearly report. Original document →
  Among the 90 funds we follow that invest in bonds, 68 charge a lower management fee and 52 charge less in total, at their last yearly reports. Both numbers are measured against the fund's own money, not the money it borrows on top, so a fund that borrows more shows higher costs on both counts.
• The fund's own cost example: $1,000 invested costs about $34 in the first year and about $365 over 10 years, assuming the holdings return 5% a year. As of Oct 31, 2024, from the fund's annual report. Original document →
• Payouts: last fiscal year (ended Oct 31, 2025) the fund paid $0.63 a share. $0.06 of that was income; $0.57 was your own money back, not income. Most funds announce their monthly or quarterly payout on their own website, not in a filing with the regulator, so a cut or a raise there does not show up here until the next yearly report. A few funds do file a notice about a fixed payout; those appear under What happened, and when. As of Oct 31, 2025, from the fund's annual report. Original document →
• Value of holdings per share at the last fiscal year end (Oct 31, 2025): $6.59. The shares traded at $5.82, about 11.7% below that. As of Oct 31, 2025, from the fund's yearly report. Original document →
  Over the last two years the gap (a "discount" when the price is below the value) ranged from 19.5% below to 0.2% below. As of Oct 31, 2024, from the fund's annual report. Original document →
• How the holdings did: up 2.9% over the last three months we have (May-July 2026), before the share price is taken into account. As of July 31, 2026, from the fund's quarterly holdings report. Original document →
• First reported to the regulator in 2006.

How this has changed

• Payouts per share: $0.63 in the fiscal year ended Oct 31, 2025; $0.65 in the year ended Oct 31, 2024; $0.78 in the year ended Oct 31, 2023.As of Oct 31, 2025, from the fund's annual report. Original document →
• Of that, your own money back rather than income: $0.57 in the year ended Oct 31, 2025; $0.61 in the year ended Oct 31, 2024; $0.76 in the year ended Oct 31, 2023.As of Oct 31, 2025, from the fund's annual report. Original document →
• Costs, including interest on borrowed money: 3.06% a year in the fiscal year ended Oct 31, 2025; 3.09% a year in the year ended Oct 31, 2024; 5.32% a year in the year ended Oct 31, 2023.As of Oct 31, 2025, from the fund's annual report. Original document →
• Size of the holdings: about $282 million at Oct 31, 2025; $260 million at Oct 31, 2024; $223 million at Oct 31, 2023. From the fund's quarterly holdings reports. Original documents: Oct 31, 2025 →, Oct 31, 2024 →, Oct 31, 2023 →.
• Borrowing: about 33% on top of its own money at Oct 31, 2025; 28% at Oct 31, 2024; 29% at Oct 31, 2023. From the fund's quarterly holdings reports. Original documents: Oct 31, 2025 →, Oct 31, 2024 →, Oct 31, 2023 →.

What these lines mean: a payout that is your own money back, what a fund costs, borrowing.

What a holder made

• The year ended Oct 31, 2025: the shares returned +19.7%, counting payouts; the holdings +18.4%. The holdings figure is what the fund's investments earned, before the share price is taken into account. As of Oct 31, 2025, from the fund's annual report. Original document →
• The year ended Oct 31, 2024: the shares returned +31%, counting payouts; the holdings +24.1%. As of Oct 31, 2024, from the fund's annual report. Original document →
• The year ended Oct 31, 2023: the shares returned -18.3%, counting payouts; the holdings -8.5%. As of Oct 31, 2023, from the fund's annual report. Original document →
• The year ended Oct 31, 2022: the shares returned -32.1%, counting payouts; the holdings -24.5%. As of Oct 31, 2022, from the fund's annual report. Original document →
• The year ended Oct 31, 2021: the shares returned +49.9%, counting payouts; the holdings +23.3%. As of Oct 31, 2021, from the fund's annual report. Original document →
• Those five years together: the shares returned +30.4%. $10,000 of shares bought at the start (Nov 1, 2020) would have become about $13,000 by Oct 31, 2025, with every payout counted, before tax. As of Oct 31, 2025, from the fund's annual report. Original document →
• The holdings over the last twelve months we have, to July 31, 2026: +19.9%. The quarterly reports carry no share price, so this is the holdings alone. As of July 31, 2026, from the fund's quarterly holdings report. Original document →
• Of the 59 funds that invest in bonds with a fiscal year ending within six months of this one, 5 reported a higher share return for that year and 53 a lower one. As of Oct 31, 2025, from the fund's annual report. Original document →
• A past year says nothing about the next one. All figures are the fund's own, from its reports to the regulator.

Why the shares and the holdings can differ: the gap between price and value. Why payouts count: a payout that is your own money back.

What the fund holds

Mostly shares (85%), the rest bonds, cash and short-term holdings and derivatives. About 80% issued in the U.S.

The fund also sells options on its holdings to raise income.

1. US Treasury N/B - 7.6%
2. SK hynix - 5%
3. Amazon.com - 5%
4. Nvidia - 4.5%
5. Royal Caribbean Cruises - 4.3%
6. Alphabet - 4%
7. Boeing Co/The - 4%
8. Microsoft - 3.8%
9. DR Horton - 3.8%
10. PulteGroup - 3.6%

As of July 31, 2026, from the fund's quarterly holdings report. Original document →