Investing involves risk. Principal loss is possible. The equity securities held in the portfolio may experience sudden, unpredictable drops in value or long periods of decline in value. This may occur because of factors that affect securities markets generally or factors affecting specific issuers, industries, or sectors in which the ETF invests.

Short Sales Risk: short selling involves the sale of securities borrowed from a third party. The short seller profits if the borrowed security’s price declines. If a shorted security increases in value, a higher price must be paid to buy the stock back to cover the short sale, resulting in a loss. The ETFs may incur expenses related to short selling, including compensation, interest or dividends, and transaction costs payable to the security lender, whether the price of the shorted security increases or decreases. The amount the ETFs could lose on a short sale is theoretically unlimited. Short selling also involves counterparty risk – the risk associated with the third party ceasing operations or failing to sell the security back.

Hedging Risk: options used by the ETFs to reduce volatility and generate returns may not perform as intended. There can be no assurance that each ETF’s option strategy will be effective. It may expose the ETFs to losses, e.g., option premiums, to which it would not have otherwise been exposed. Further, the option strategy may not fully protect the ETFs against declines in the value of their portfolio securities.

Clough Capital is an investment adviser with the U.S. Securities and Exchange Commission (the “SEC”) and has been in business since 1999. Registration with the SEC should not be construed as an endorsement or an indicator of investment skill, acumen or experience.

The information on this website is based on the views of Clough Capital. Other organizations or persons may analyze investments and the approach to investing from a different perspective than that reflected on this website. Clough Capital is unable to represent, guarantee, or even imply that our services and methods of analysis can or will predict future results, successfully identify market tops or bottoms, or insulate you from losses due to market corrections or declines.

All statements made regarding companies, securities or other financial information on this site are strictly the beliefs and points of view held by Clough Capital and are subject to change without notice. Certain information on this site was obtained from sources that Clough Capital believes to be reliable; however, Clough Capital does not guarantee the accuracy or completeness of any information obtained from any third party. The information on this site is for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy, or investment product. The information on this site is general in nature and should not be considered legal or tax advice. An investor should consult a financial professional, an attorney, or tax professional regarding the investor’s specific situation.

Certain hyperlinks or referenced websites on this site may, for your convenience, forward you to third-parties’ websites, which generally are recognized by their top-level domain name. Any descriptions of, references to, or links to other products, publications or services do not constitute an endorsement, authorization, sponsorship, or affiliation with Clough Capital with respect to any linked site or its sponsor, unless expressly stated by Clough Capital. Any such information, products or sites have not necessarily been reviewed by Clough Capital and are provided or maintained by third parties over whom Clough Capital exercises no control. Clough Capital expressly disclaims any responsibility for the content, the accuracy of the information, and/or the quality of products or services provided by or advertised on these third-party sites. Clough Capital reserves the right to terminate any hyperlink or hyperlinking program at any time.

Investment products offered are: Not FDIC Insured – No Bank Guarantee – May Lose Value

Past performance is not indicative of future results. No assurance can be given that each ETF’s objectives will be achieved. ETF Inception: 11/13/20. Performance represents past performance and does not guarantee future results. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Current performance as of the most recent month end is available by calling 855-393-0559.

NAV returns are based on each ETF’s net asset value, which represents the market value of each ETF’s underlying investments minus liabilities divided by each ETF’s outstanding shares. Market price returns are based upon the midpoint of the bid/ask spread at 4:00pm Eastern Time, when the NAV is normally calculated. Brokerage commissions will reduce returns. Returns shown include the reinvestment of all dividends and distribution. Returns shown do not reflect the deduction of taxes that a shareholder would pay on distributions or the redemption of shares. Returns greater than one year are annualized.

Performance information for each listed index is for illustrative purposes only and does not represent actual fund performance. Indexes do not charge management fees or brokerage expenses, and no such fees or expenses were deducted from the performance shown. Indexes are unmanaged and an investor cannot invest directly in an index.

© 2025 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Performance information presented was obtained from Morningstar Direct. Morningstar’s calculation of total return is determined by taking the change in price, reinvesting, if applicable, all income and capital gains distributions during the period, and dividing by the starting price. Unless otherwise noted, Morningstar does not adjust total returns for sales charges (such as front-end loads, deferred loads, and redemption fees), preferring to give a clearer picture of performance. Total returns do account for the expense ratio, which includes management, administrative, 12b-1 fees, and other costs that are taken out of assets. Total returns for periods longer than one year are expressed in terms of compounded average annual returns (also known as geometric total returns), affording a more meaningful picture of fund performance than nonannualized figures. The ETFs managed by Clough Capital do not charge any loads, nor do they have redemption fees. In this instance, total return would equate to net return.

Morningstar Category Averages are designed to represent the average return of funds within their category over time. Morningstar creates a category average daily total return index series, as well as monthly, quarterly, and annual averages of return and non-return data. Morningstar Category Averages are equal-weighted category returns. The calculation is simply the average of the returns for all the funds in a given category. The standard average calculation is based on constituents of the category at the end of the period.

The Morningstar Global Small/Mid Stock Category includes funds whose portfolios invest in a variety of international stocks that are smaller. Global-stock portfolios have a few geographical limitations. It is common for these portfolios to invest the majority of their assets in developed markets, with the remainder divided among the globe’s smaller markets. These portfolios are not significantly overweight in US equity exposure relative to the Morningstar Global Market Index and maintain at least a 20% absolute US exposure. Clough Select Equity ETF was categorized in the Morningstar Category of Global Small/Mid Stock by Morningstar. Morningstar assigns categories based on funds’ average holdings statistics over the past three years. When necessary, Morningstar may change a category assignment based on recent changes to the portfolio.

The Morningstar Equity Hedged Category includes funds whose strategies use a variety of means to protect their equity exposure during times of market weakness. These funds may exchange equity risk for some other risk premium, such as volatility. They may also make opportunistic trades, like employing market-timing moves to exit the market altogether. These funds will typically have beta values to relevant benchmarks of less than 0.6. Clough Hedged Equity ETF was categorized in the Morningstar Category of Equity Hedged by Morningstar. Morningstar assigns categories based on funds’ average holdings statistics over the past three years. When necessary, Morningstar may change a category assignment based on recent changes to the portfolio.

For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating™ for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating™ metrics.

For information on Clough Capital’s proxy voting record, please contact 617-204-3400.

​Clough Capital published content on LinkedIn and X (fka Twitter) is not an offer to sell or a solicitation of an offer to buy shares of any Clough Capital investment product, including the Clough Capital ETFs. All content that is published on these platforms is for entertainment, educational and informational purposes only. We do not provide any sort of investment advice or recommendations to invest in any investment product on social media, or anywhere else, for that matter.

Do not publish or send us any personal or confidential information via our social media platforms, especially not your account information, security questions. or personally identifying information. For questions, please contact us at (617) 204-3400.

Comments on all of our social media platforms are moderated and reviewed for regulatory reasons. We reserve the right to remove or delete any comments, for any reason, including but not limited to: spam; harsh language; promotions for any type of business; messages that are not relevant to Clough Capital; the Clough Capital ETFs’ shareholders or audiences; testimonials; recommendations about specific securities or products; or investment advice.

Clough Capital is not affiliated with any of these social media platforms, nor are we responsible for the privacy policies of any social media network on which Clough Capital or the Clough Capital ETFs content is displayed. Comments posted by others on our social media pages are not adopted or endorsed by Clough Capital or the Clough Capital ETFs and don’t reflect the views of Clough Capital or its employees. We reserve the right to change our terms of social media use and comment moderation policies at any time.

Effective as of October 1, 2020

Clough Capital and the investment funds for which it serves as investment adviser may collect nonpublic information, including “personal data” as defined under applicable European Data Privacy Laws (defined below), of the Firm’s clients or prospective clients. This Website Privacy Policy (the “Policy”) applies to the processing of personal information that may be collected through this website (www.cloughcapital.com) (the “Site”). The Firm maintains a strong commitment to the importance of protecting data privacy, and to taking the appropriate steps to seek to ensure that any nonpublic information or personal data collected from any of our clients or prospective clients through this Site is protected in compliance with applicable data protection laws in the jurisdictions in which we operate or where our clients or prospective clients are located.

For European residents, this Policy describes the basis on which we process personal data and for what purposes, a summary of the privacy rights under applicable European privacy laws, including the General Data Protection Regulation, and other UK and European data privacy laws (collectively, the “European Data Privacy Laws”) and how we protect personal data privacy.

For the purposes of the European Data Privacy Laws, the Firm is the data controller in relation to the processing activities described herein. This means that the Firm decides why and how any personal data is used. All personal data provided to us by clients or prospective clients located within the European Economic Area (the “EEA”) may be retained in the United States, processed in the United States by the Firm or its agents, and may also be transferred to other countries outside the EEA. Not all countries have similar data protection laws to those of the EEA, and even countries that do have data protection laws may have less robust provisions than those of the EEA.

Certain information collected by the Firm may be “nonpublic personal information” or “NPI” and, as such, subject to Regulation S-P. For more information on how we collect, use and share NPI, please see the Firm’s Privacy Notice, available by calling the Firm at 617-204-3400. Such Privacy Notice and the practices described therein are applicable to individuals only and are subject to change.

In addition, the Firm may, with consent if legally required under the European Data Privacy Rights, process personal information in order to communicate with the customers for marketing purposes. In this event, the Firm may provide additional information to clients or prospective clients that it believes may be of interest, including about services, news updates, research or market commentary, conferences, or events offered by or in conjunction with the Firm. A client/relevant individual whose email address is used for such communications has the right to unsubscribe by contacting the Firm or by following the instructions in any such communication, e.g., by clicking on an embedded link to unsubscribe.

Site Data Collection:

When someone visits the Site from their computer, mobile phone, tablet, or other device, we may collect certain information from them, including their Internet Protocol (“IP”) address, media access control (“MAC”) address, browser type, operating system, device-identifying information, the specific web pages visited during the connection, and the domain name from which they accessed the Site. In addition, we may collect information about browsing activity on the Site, such as the date and time they visit the Site, the areas, or pages of the Site that they visit, the amount of time they spend viewing the Site, the number of times they return to the Site and other clickstream data. We may also use non-personal or aggregated information for statistical analysis, research, and other purposes.

The Firm may also collect information about you when you access the Site if you voluntarily choose to send electronic mail to the Firm, request information, or ask to be contacted. The Firm may use this information to provide you with updated information about the products and services we offer. Certain employees of the Firm may be given the information you provide in order to respond to your requests. Employees of the Firm are required to handle any personal information you provide confidentially.

The Site may also use “cookies” and “web beacons” (such as Google Analytics, for example) to collect, store and aggregate data about usage and browsing patterns. With respect to web analytics, we may use cookies and web beacons for session management and to analyze site usage; we do not use cookies and web beacons to store any personally identifiable information about you. A “cookie” is a small text file containing a random and unique alphanumeric identifier that we transfer to your computer’s hard drive through your web browser (unless you set your browser to reject cookies) that enables our systems to recognize your browser. A “web beacon” (also known as a “page tag,” “data tag” or “image tag”) is a mechanism by which a small section of code that is embedded in our Site pages allows us to check that a user has viewed the page. These technologies can help us analyze and better understand how our Site is being used and improve the user experience. A person browsing the internet may adjust their browser settings to reject cookies, or they can manually delete individual cookies or all of the cookies on their computer or other device, by following their browser’s help file directions. However, if their browser is set to reject cookies or they manually delete cookies, they may have some trouble accessing and using some of the pages and features that are currently on our Site, or that we may put on our Site in the future. Note that browser-management tools for cookies are outside of our control and we cannot guarantee their effectiveness.

We may work with service providers that help us track, collect, and analyze information gathered through cookies or web beacons. We may also combine the information we collect through cookies and web beacons with other information we have collected from clients or information from other sources. We only use such information to evaluate usage of the Site and improve performance and customer services, as well as to protect the security and integrity of the Site and our business, such as preventing fraud, hacking, and other criminal activity or to meet legal obligations. We only share such information with our service providers to perform a business, professional or technical support function for us.

Sharing of personal information:

Like other financial companies, the Firm needs to share some of our clients’ information to run our business. The Firm may disclose personal information to its affiliated entities and brokers, banks, agents, employees, and third parties who need to know that information in order to perform services on the clients’ behalf or in connection with the services provided to such clients, and to other third parties, including (but not limited to) the following types of third parties:

• Financial service providers, such as the Firm’s (or its clients’) administrators, prime brokers, registered broker/dealers, auditors, regulators, and transfer agents in order to service customer accounts and/or who assist the Firm as part of the ordinary course of servicing clients’ investments or providing any other services to clients;
• Legal representatives of the Firm, such as our counsel, accountants, and auditors;
• Third parties who may perform marketing services for the Firm or with whom we have entered into marketing arrangements for services or information about services that clients may request;
• Other service providers; and/or
• Parties to a dispute or litigation, and their representatives and advisors, regulatory or governmental authorities, or otherwise as permitted by law.

The Firm will exercise appropriate due diligence in the selection of its third-party service providers, including with respect to their maintenance of adequate technical and organizational security measures to safeguard personal information.

The Firm may also disclose personal information to governmental authorities as required or permitted by law; public and private social security and insurance agencies; consultants in connection with business operations; to business partners, agents, and customers; external consultants and professionals; courts and other dispute forums. This personal information will be disclosed to such third parties only as necessary in connection with the performance of contracts, the Firm’s business activities and the purposes listed above or as otherwise authorized, required, or permitted by law. The Firm may continue to maintain and share information about its clients and/or the investors therein even after they are no longer clients or investors.

In addition, to comply with Massachusetts Data Security Regulation and other applicable laws, the Firm has developed a process to ensure confidentiality and integrity of personal information maintained by the Firm and its administrators that could create the risk of identity theft or fraud against a resident of the Commonwealth of Massachusetts and have codified the policies and procedures in writing.

Your California Privacy Rights:

The Firm complies with the California Consumer Privacy Act of 2018 (“CCPA”) by providing California residents with the following rights with respect to their personal information:

• The right to know what personal information the Firm has collected, used, disclosed, and sold. To submit a request to know, California residents may call the Firm at 617-204-3400. California residents may also designate an authorized agent to make a request for access on their behalf by calling the Firm at 617-204-3400.
• The right to request that the Firm delete any personal information it has collected. To submit a request for deletion, California residents may call the Firm at 617-204-3400. California residents may also designate an authorized agent to make a request for deletion on their behalf by calling the Firm at 617-204-3400.

When California residents exercise these rights and submit a request, the Firm will verify their identity by asking them for their email address, telephone number, and/or information about their account with the Firm. The Firm will endeavor to honor customers’ requests unless such a request conflicts with certain lawful exemptions under the CCPA. Please note that the Firm is only required to honor such requests twice in a twelve (12) month-long period.

Any exercise of these rights will have no adverse effect on the price and quality of the Firm’s services.

For the twelve (12) month-long period prior to the date of this Privacy Notice, the Firm has not sold any personal information about its customers; nor does it have any plans to do so in the future.

Your European Privacy Rights:

Where the European Data Privacy Laws apply, the relevant individual whose personal data is processed by the Firm has certain rights relating to their personal data in accordance with and subject to the European Data Privacy Laws including to: (i) check whether the Firm holds personal data about them and to access such personal data; (ii) request the correction of personal data that is inaccurate; (iii) have a copy of the personal data provided to another data controller (as defined under the European Data Privacy Laws) where technically feasible; (iv) request the erasure of the personal data; and (v) request the restriction of processing the personal data. To exercise any of these rights, customers should send the request to the email below.

The Firm retains personal data for a period of at least six (6) years from the date on which the relevant business relationship, for which purpose such personal data was provided, has ended.

We may change this Policy from time to time, including as necessary to keep current with rules and regulations, new technologies and security standards. When we do, we will post the change(s) on the Site. Please visit the Site (www.cloughcapital.com) periodically to review this Policy, so as to ensure that you have access to the most current version. Please do not hesitate to contact us at 617-204-3400 with any questions about this Policy.

Each person using the Clough Capital Partners L.P. (“Clough Capital” or “we” or the “Firm”) website (the “Site”) (a “User” or “you”) expressly agrees to the following Terms of Use (the “Terms”). These Terms govern, as a condition to accessing and using this Site, any content, functionality or services offered on or through this Site, as well as all information about you collected by this Site whether such information is collected automatically, through the use of cookies and equivalent technology, or if provided by you. Please read the Terms carefully before you start to use the Site. By using the Site, you accept and agree to be bound by the Terms. If you do not agree to the Terms, you must not access the Site.

This Site is offered and available to users who are 18 years of age or older and reside in the United States or any of its territories or possessions. The owner of the Site is based in the Commonwealth of Massachusetts in the United States. We make no claims that the Site or any of its content is accessible or appropriate outside of the United States. Access to the Site may not be legal by certain persons or in certain countries. If you access the Site from outside the United States, you do so on your own initiative and are responsible for compliance with local laws.

The Site and its entire contents, features, and functionality (including but not limited to all information, software, text, displays, images, video, and audio, and the design, selection, and arrangement thereof), are owned by Clough Capital, its licensors, or other providers of such material and are protected by United States and international copyright, trademark, patent, trade secret, and other intellectual property or proprietary rights laws. These terms permit you to use the Site for your personal or internal business use only. You must not reproduce, distribute, modify, create derivative works of, publicly display, publicly perform, republish, download, store, or transmit any of the material on our Site, except as follows:

• Your computer may temporarily store copies of such materials in random access memory (“RAM”) incidental to your accessing and viewing those materials.
• You may store files that are automatically cached by your Web browser for display enhancement purposes.

You must not:

• Modify copies of any materials from this Site.
• Use any illustrations, photographs, video or audio sequences, or any graphics separately from the accompanying text.
• Delete or alter any copyright, trademark, or other proprietary rights notices from copies of materials from this Site.
• Collect data through automated means, such as through scrapers, spiders, robots, or other harvesting programs (collectively referred to as “Auto Data Collection”).

No User may use the Site at any time for any purpose that is unlawful or prohibited and shall comply with any applicable local, state, national or international laws or regulations when using this Site.

Clough Capital, and any logos and marks included on the Site that identify Clough Capital services and products, are proprietary materials of Clough Capital. The use of such terms and logos and marks without the express written consent of Clough Capital is strictly prohibited. Copyright in the pages and in the screens of the Site, and in the information and material therein, is proprietary material owned by Clough Capital unless otherwise indicated. The unauthorized use of any material on the Site may violate numerous statutes, regulations and laws, including, but not limited to, copyright, trademark, trade secret or patent laws.

If you print, copy, modify, download, or otherwise use or provide any other person with access to any part of the Site in breach of the Terms, we may restrict your right to use the Site and you must, at our option, return or destroy any copies of the materials you have made. No right, title, or interest in or to the Site or any content on the Site is transferred to you, and all rights not expressly granted are reserved by Clough Capital. Any use of the Site not expressly permitted by these Terms is a breach of these Terms and may violate copyright, trademark, and other laws.

You may not violate or attempt to violate the security of the Site.  Tampering with any portion of the Site, providing untruthful or inaccurate information, misrepresenting your identity, or conducting fraudulent activities on the Site, whether or not through the use of agents, are prohibited and constitute a breach of these Terms of Use. You must not violate or attempt to violate the security of the Site, including, without limitation, (a) accessing data not intended for you or logging onto a server or an account which you are not authorized to access; (b) disabling, removing, defeating, or avoiding any security device or system, including, without limitation, any password and login functionality used to authenticate users; (c) attempting to probe, scan or test the vulnerability of a system or network or to breach security or authentication measures without proper authorization; (d) attempting to interfere with service to any user, host or network, including, without limitation, via means of submitting a virus to the Site, overloading, “flooding,” “spamming,” “mailbombing” or “crashing;” (e) sending unsolicited email, including promotions and/or advertising of products or services; (f) forging any TCP/IP packet header or any part of the header information in any email or posting; (g) using or attempting to use any engine, software, tool, agent or other device or mechanism (including, without limitation, browsers, spiders, robots, avatars or intelligent agents) to navigate or search the Site other than the search engine and search agents available within the Site and other than generally available third party web browsers; (h) reverse engineering, decompiling or disassembling the underlying software; (i) removing any notices, warnings, labels, annotations or instructions from any portion of the Site and content or any related material, including, without limitation, any patent, trademark, copyright, or other proprietary notices or license provisions; or (j) otherwise invading the privacy of, obtaining the identity of, or obtaining any personal information about any user of the Site.

Disclaimer of Warranties

You understand that we cannot and do not guarantee or warrant that files available for downloading from the internet or the Site will be free of viruses or other destructive code. You are responsible for implementing sufficient procedures and checkpoints to satisfy your particular requirements for anti-virus protection and accuracy of data input and output, and for maintaining a means external to our Site for any reconstruction of any lost data.

TO THE FULLEST EXTENT PROVIDED BY LAW, CLOUGH CAPITAL WILL NOT BE LIABLE FOR ANY LOSS OR DAMAGE CAUSED BY A DISTRIBUTED DENIAL-OF-SERVICE ATTACK, VIRUSES, OR OTHER TECHNOLOGICALLY HARMFUL MATERIAL THAT MAY INFECT YOUR COMPUTER EQUIPMENT, COMPUTER PROGRAMS, DATA, OR OTHER PROPRIETARY MATERIAL DUE TO YOUR USE OF THE SITE OR ANY SERVICES OR ITEMS OBTAINED THROUGH THE SITE OR TO YOUR DOWNLOADING OF ANY MATERIAL POSTED ON IT, OR ON ANY SITE LINKED TO IT.

YOUR USE OF THE SITE, ITS CONTENT, AND ANY SERVICES OR ITEMS OBTAINED THROUGH THE SITE IS AT YOUR OWN RISK. THE SITE, ITS CONTENT, AND ANY SERVICES OR ITEMS OBTAINED THROUGH THE SITE ARE PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS, WITHOUT ANY WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED. NEITHER THE FIRM NOR ANY PERSON ASSOCIATED WITH THE FIRM MAKES ANY WARRANTY OR REPRESENTATION WITH RESPECT TO THE COMPLETENESS, SECURITY, RELIABILITY, QUALITY, ACCURACY, OR AVAILABILITY OF THE SITE. WITHOUT LIMITING THE FOREGOING, NEITHER CLOUGH CAPITAL NOR ANYONE ASSOCIATED WITH THE FIRM REPRESENTS OR WARRANTS THAT THE SITE, ITS CONTENT, OR ANY SERVICES OR ITEMS OBTAINED THROUGH THE SITE WILL BE ACCURATE, RELIABLE, ERROR-FREE, OR UNINTERRUPTED, THAT DEFECTS WILL BE CORRECTED, THAT OUR SITE OR THE SERVER THAT MAKES IT AVAILABLE ARE FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS, OR THAT THE SITE OR ANY SERVICES OR ITEMS OBTAINED THROUGH THE SITE WILL OTHERWISE MEET YOUR NEEDS OR EXPECTATIONS.

TO THE FULLEST EXTENT PROVIDED BY LAW, THE FIRM HEREBY DISCLAIMS ALL WARRANTIES OF ANY KIND, WHETHER EXPRESS OR IMPLIED, STATUTORY, OR OTHERWISE, INCLUDING BUT NOT LIMITED TO ANY WARRANTIES OF MERCHANTABILITY, NON-INFRINGEMENT, AND FITNESS FOR PARTICULAR PURPOSE.

THE FOREGOING DOES NOT AFFECT ANY WARRANTIES THAT CANNOT BE EXCLUDED OR LIMITED UNDER APPLICABLE LAW.

Limitation on Liability

TO THE FULLEST EXTENT PROVIDED BY LAW, IN NO EVENT WILL CLOUGH CAPITAL, ITS AFFILIATES, OR THEIR LICENSORS, SERVICE PROVIDERS, EMPLOYEES, AGENTS, OFFICERS, OR DIRECTORS BE LIABLE FOR DAMAGES OF ANY KIND, UNDER ANY LEGAL THEORY, ARISING OUT OF OR IN CONNECTION WITH YOUR USE, OR INABILITY TO USE, THE SITE, ANY WEBSITES LINKED TO IT, ANY CONTENT ON THE SITE OR SUCH OTHER WEBSITES, INCLUDING ANY DIRECT, INDIRECT, SPECIAL, INCIDENTAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, INCLUDING BUT NOT LIMITED TO, PERSONAL INJURY, PAIN AND SUFFERING, EMOTIONAL DISTRESS, LOSS OF REVENUE, LOSS OF PROFITS, LOSS OF BUSINESS OR ANTICIPATED SAVINGS, LOSS OF USE, LOSS OF GOODWILL, LOSS OF DATA, AND WHETHER CAUSED BY TORT (INCLUDING NEGLIGENCE), BREACH OF CONTRACT, OR OTHERWISE, EVEN IF FORESEEABLE.

THE FOREGOING DOES NOT AFFECT ANY LIABILITY THAT CANNOT BE EXCLUDED OR LIMITED UNDER APPLICABLE LAW.

All matters relating to the Site and these Terms and any dispute or claim arising therefrom or related thereto (in each case, including non-contractual disputes or claims), shall be governed by and construed in accordance with the internal laws of the Commonwealth of Massachusetts without giving effect to any choice or conflict of law provision or rule (whether of the Commonwealth of Massachusetts or any other jurisdiction).

No waiver by Clough Capital of any term or condition set out in these Terms shall be deemed a further or continuing waiver of such term or condition or a waiver of any other term or condition, and any failure of Clough Capital to assert a right or provision under these Terms shall not constitute a waiver of such right or provision. If any provision of these Terms is held by a court or other tribunal of competent jurisdiction to be invalid, illegal or unenforceable for any reason, such provision shall be eliminated or limited to the minimum extent such that the remaining provisions of the Terms will continue in full force and effect.

Nothing on the Site is an offer to sell securities or a solicitation of an offer to buy securities. Nothing on the Site constitutes advice regarding, or a recommendation of, the purchase or sale of a security. Nothing on the Site is intended to be, and you should not consider anything on the Site to be, investment, accounting, tax or legal advice, nor does any information on this Site constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. Although this Site may include investment-related information, nothing on this Site is a recommendation that you purchase, sell or hold any security or other investment, or that you pursue any investment style or strategy.

Registration with the SEC as an investment advisor does not imply any level of skill or training.

Clough Capital reserves the right to, and may at any time, and from time to time, withdraw, revise and/or update these Terms, and/or and any service or material we provide on the Site, in our sole discretion, and without notice to any party or user of the Site. All changes are effective immediately when posted and apply to all access to and use of the Site from the time of posting and thereafter. Users’ continued use of the Site following the posting of revised Terms means that you accept and agree to the changes. Users are expected to check this page each time you access this Site so you are aware of any changes, as they are binding. Clough Capital will not be liable if for any reason all or any part of the Site is unavailable at any time or for any period. From time to time, Clough Capital may restrict access to some parts of the Site, or the entire Site, to Users, in Clough Capital’s sole discretion.

Last revised: July 2025