UNITED STATES

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

CLOUGH GLOBAL ALLOCATION FUND

(Exact name of registrant as specified in charter)

1625 Broadway, Suite 2200, Denver, Colorado

80202

(Address of principal executive offices)

(Zip code)

Erin E. Douglas
Clough Global Allocation Fund
1625 Broadway, Suite 2200
Denver, Colorado 80202

(Name and address of agent for service)

Registrant’s Telephone Number, including Area Code:

(303) 623-2577

Date of fiscal year end:

March 31

Date of reporting period:

July 1, 2005 – June 30, 2006

Name of Issuer

Ticker Symbol

CUSIP

S/H Meeting Date

Matter Voted on

Who Proposed
(issuer or S/H)

Did Fund Vote

How Voted

For/Against
Mgmt Position

American Science & Engineering

ASEI

9/15/2005

Approval of Equity Incentive Plan and Ratification of Selection of Independent Registered Public Accountants

Issuer

Yes

Yes

For

Apollo Investment

AINV

03761U106

10/12/2005

Directors Recommendation

Issuer

Yes

Yes

For

Banco Bilbao Vizcaya Argentaria S.A.

BBV

05946K101

3/18/2006

Appointment of Directors, Relection of Top Management, Authorization of Acquiring Treasury Stock, Relection of Auditors, Approval of Long-Term Share based Renumeration Plan, To Amend Article 53, and Conferral of Authority to formalise and implement resolutions adopted by the AGM

Issuer

Yes

Yes

For

Banco Latinoamericano De Export

BLX

365975-086773

11/7/2005

To Approve and Adopt in full the Proposed Amended and Restated Articles of Incoproration of the Bank

Issuer

Yes

Yes

For

Biosphere Medical, Inc

BSMD

09066V-103

5/10/2006

Vote on Directors, approve amendment to certificate of incorporation, employee stock purchase plan, stock incentive plan

Issuer

Yes

Yes

For

Duke Energy

DX.TO

264399106

3/10/2006

Approval of the Agreement and Plan of Merger and the Mergers

Issuer

Yes

Yes

For

Dynegy, Inc

DYN

26816Q-101

5/17/2006

Vote on Directors, Independent Auditor, proposal to remove provision specifying minimum and maximum number of Directors in company’s Articles of Incorporation

Issuer

Yes

Yes

For

India Fund

IFN

454089103

2/24/2006

Approval of New Management Agreement and a New Country Advisory Agreement

Issuer

Yes

Yes

For

IPC Holdings

IPCR

G4933P101

2/21/2006

Approval of Increase of Max number of directors, to fill Board Vacancies, Increase of Authorized Common Shares, and increase of authorized preferred shares.

Issuer

Yes

Yes

For

Jacobs Engineering Group

JEC

469814107

1/26/2006

Approval of Ernst & Young and Vote for Directors

Issuer

Yes

Yes

For

Lasercard

LCRD

51807U101

9/23/2005

Ratification of the Companies Independent public Accounting Firm, Approval of Compensation Plan

Issuer

Yes

Yes

For

Magal Secuirty Systems

MAGS

M6786D104

7/28/2005

Approval of the Appointment of Kost & Forer Gabbay & Kasierer as Indpendent Auditors of the Company, and to Authorize the Audit Committee to fix the Renumeration of the Auditors in Accordance with the Volume and Nature of their Services.

Issuer

Yes

For

For

Matrix Service Company

MTRX

576853105

10/21/2005

To Ratify the Appointment of Ernst & Young

Issuer

Yes

Yes

For

Microsoft Corporation

MSFT

594918104

11/9/2005

Ratification of the selection of Deloitte & Touche as the companies Independent Auditor

Issuer

Yes

Yes

For

Montpelier RE Holdings LTD

MRH

G62185-106

5/23/2006

Vote on Directors, elect directors in respect of the wholly-owned company, Independent Auditor

Issuer

Yes

Yes

For

National Oilwell Varco, Inc.

NOV

637071-OIH

5/17/2006

Vote on Directors, Independent Auditor

Issuer

Yes

Yes

For

North American Palladium LTD

PAL

656912-102

6/21/2006

Vote on Directors, Independent Auditor, issuance of common shares, amendment of old issuance plan

Issuer

Yes

Yes

For

Petro-Canada

PCA.TO

71644E102

4/25/2006

Vote of Directors, and the Appointment of Deloitte & Touche as Auditors

Issuer

Yes

Yes

For

Photon Dynamics

PHTN

719364101

3/7/2006

Vote for directors and to Ratify the Appointment of Ernst & Young

Issuer

Yes

Yes

For

Radvision Ltd.

RVSN

M81869-105

6/18/2006

Vote on Directors, independent auditor

Issuer

Yes

Yes

For

Rio Tinto PLC

RTP

767204-100

4/12/2006

Vote on Directors, authority to allot certain securities under company’s Act 1985, Independent Auditor, approval of renumeration report, receiving annual report and financial statements

Issuer

Yes

Yes

For

Rowan Companies Inc

RDC

779382-100

4/28/2006

Vote on Directors, Independent Auditor

Issuer

Yes

Yes

For

Shanda Interactive Entertainment

SNDA

81941Q203

10/18/2005

Election of Directors

Issuer

Yes

Yes

For

Tidewater Inc.

TDW

886423-102

5/24/2006

Vote on Directors, independent auditor, proposal to declassify Board of Directors, approval of 2006 stock incentive plan

Issuer

Yes

Yes

For

Clough Global Allocation Fund

By:

/s/ Edmund J. Burke

Edmund J. Burke

President

Date:

August 30, 2006