CBRE Global Real Estate Income Fund (IGR) NPORT-P CBRE Global Real Estate Income Fund (Mar 2023 report)

CBRE Global Real Estate Income Fund

Portfolio of Investments (unaudited)

March 31, 2023

Shares			Market value
		Real Estate Securities*- 144.7%
		Common Stock - 136.1%
		Australia - 3.0%
	830,420	Charter Hall Group	$	6,117,930
	1,525,133	Dexus		7,671,171
	665,063	Goodman Group		8,369,578
				22,158,679
		Belgium - 2.7%
	141,614	Aedifica SA		11,400,755
	93,958	Cofinimmo SA		8,324,669
				19,725,424
		Canada - 5.3%
	176,498	Canadian Apartment Properties REIT		6,183,005
	728,500	Chartwell Retirement Residences		4,602,413
	939,900	H&R Real Estate Investment Trust		8,750,685
	850,000	RioCan Real Estate Investment Trust		12,806,370
	919,396	Tricon Residential, Inc.		7,125,319
				39,467,792
		France - 3.5%
	674,037	Klepierre SA		15,268,594
	196,040	Unibail-Rodamco-Westfield (a)		10,518,383
				25,786,977
		Germany - 0.8%
	105,598	LEG Immobilien SE		5,791,409
		Hong Kong - 6.6%
	4,302,170	Link REIT		27,676,557
	3,630,000	New World Development Co. Ltd.		9,734,011
	4,382,000	Swire Properties Ltd.		11,276,046
				48,686,614
		Japan - 14.4%
	3,139	Activia Properties, Inc.		8,915,335
	7,321	AEON REIT Investment Corp.		7,970,643
	24,096	Japan Metropolitan Fund Investment Corp.		17,507,575
	3,440	Kenedix Office Investment Corp.		7,922,158
	10,619	LaSalle Logiport REIT		12,263,433
	1,424,600	Mitsui Fudosan Co., Ltd.		26,588,823
	10,122	Orix JREIT, Inc.		12,777,038
	2,685,592	Tokyu Fudosan Holdings Corp.		12,813,517
				106,758,522
		Singapore - 5.9%
	3,822,800	CapitaLand Ascendas REIT		8,223,239
	11,760,444	CapitaLand China Trust		9,906,884
	9,348,612	CapitaLand Integrated Commercial Trust		13,922,193
	5,878,600	Frasers Logistics & Commercial Trust		5,792,160
	8,338,000	Keppel REIT		5,550,096
				43,394,572
		Spain - 1.3%
	1,142,990	Merlin Properties Socimi SA		10,008,908
		Sweden - 0.9%
	594,254	Castellum AB		6,899,835

Shares			Market value
		Switzerland - 0.7%
	48,138	PSP Swiss Property AG	$	5,480,107
		United Kingdom - 3.6%
	1,200,719	British Land Co. PLC (The)		5,757,370
	1,313,897	Land Securities Group PLC		10,091,779
	299,624	Safestore Holdings PLC		3,519,453
	2,668,000	Supermarket Income REIT PLC		2,856,793
	2,696,061	Tritax Big Box REIT PLC		4,663,612
				26,889,007
		United States - 87.4%
	160,730	Alexandria Real Estate Equities, Inc.		20,186,081
	372,093	Apartment Income REIT Corp.		13,324,650
	138,979	AvalonBay Communities, Inc.		23,356,811
	791,471	Brixmor Property Group, Inc.		17,032,456
	652,710	Broadstone NET Lease, Inc.		11,102,597
	74,659	Camden Property Trust		7,827,250
	213,685	Crown Castle, Inc.		28,599,600
	682,688	CubeSmart		31,553,839
	126,080	Equinix, Inc.		90,908,723
	76,610	Essex Property Trust, Inc.		16,022,215
	666,620	Healthcare Realty Trust, Inc., Class A		12,885,765
	543,717	Healthpeak Properties, Inc.		11,945,462
	454,631	Hudson Pacific Properties, Inc.		3,023,296
	418,300	Independence Realty Trust, Inc.		6,705,349
	1,039,635	Invitation Homes, Inc.		32,467,801
	54,431	Life Storage, Inc.		7,135,360
	316,068	National Storage Affiliates Trust		13,205,321
	714,776	Park Hotels & Resorts, Inc.		8,834,631
	515,041	Pebblebrook Hotel Trust		7,231,176
	696,892	Piedmont Office Realty Trust, Inc., Class A		5,087,312
	672,408	Prologis, Inc.		83,896,346
	57,330	Public Storage		17,321,686
	581,300	Retail Opportunity Investments Corp.		8,114,948
	505,000	Rexford Industrial Realty, Inc.		30,123,250
	410,446	Simon Property Group, Inc.		45,957,639
	585,007	Spirit Realty Capital, Inc.		23,306,679
	229,908	Sun Communities, Inc.		32,389,439
	1,408,200	Sunstone Hotel Investors, Inc.		13,913,016
	330,904	Welltower, Inc.		23,722,508
				647,181,206
		Total Common Stock
		(cost $1,235,765,033)		1,008,229,052

See previously submitted notes to financial statements for the annual period ended December 31, 2022.

CBRE Global Real Estate Income Fund

Portfolio of Investments (unaudited) continued

March 31, 2023

Shares			Market value
		Preferred Stock - 8.6%
		United States - 8.6%
	245,403	Digital Realty Trust, Inc., Series J, 5.250%	$	5,273,710
	301,100	Digital Realty Trust, Inc., Series L, 5.200%		6,473,650
	282,200	Federal Realty Investment Trust, Series C, 5.000%		6,002,394
	405,900	National Storage Affiliates Trust, Series A, 6.000%		9,339,759
	383,644	Pebblebrook Hotel Trust, Series E, 6.375%		7,220,180
	541,950	Pebblebrook Hotel Trust, Series F, 6.300%		10,188,660
	262,125	Pebblebrook Hotel Trust, Series G, 6.375%		4,880,768
	143,517	Rexford Industrial Realty, Inc., Series B, 5.875%		3,265,012
	287,077	Summit Hotel Properties, Inc., Series E, 6.250%		5,437,238
	265,000	Sunstone Hotel Investors, Inc., Series H, 6.125%		5,363,600
		Total Preferred Stock
		(cost $75,326,029)		63,444,971
		Total Investments - 144.7%
		(cost $1,311,091,062)		1,071,674,023
		Liabilities in Excess of Other Assets - (44.7)%		(330,880,990)
		Net Assets - 100.0%	$	740,793,033

* Includes U.S. Real Estate Investment Trusts (“REIT”) and Real Estate Operating Companies (“REOC”) as well as entities similarly formed under the laws of non-U.S. countries.

(a) Non-income producing security.

See previously submitted notes to financial statements for the annual period ended December 31, 2022.

CBRE Global Real Estate Income Fund

Portfolio of Investments (unaudited) concluded

March 31, 2023

Securities Valuation

The following is a summary of various inputs used in determining the value of the Trust’s investments. These inputs are summarized in three broad levels. Level 1 includes quoted prices in active markets for identical investments. Level 2 includes other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.). Level 3 includes significant unobservable inputs (including the Trust’s own assumptions in determining the fair value of investments). The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities.

The following is a summary of inputs used as of March 31, 2023.

Assets	Level 1		Level 2		Level 3		Total
INVESTMENT IN REAL ESTATE SECURITIES
Common Stock
Australia	$	22,158,679	$	–	$	–	$	22,158,679
Belgium		19,725,424		–		–		19,725,424
Canada		39,467,792		–		–		39,467,792
France		25,786,977		–		–		25,786,977
Germany		5,791,409		–		–		5,791,409
Hong Kong		48,686,614		–		–		48,686,614
Japan		106,758,522		–		–		106,758,522
Singapore		43,394,572		–		–		43,394,572
Spain		10,008,908		–		–		10,008,908
Sweden		6,899,835		–		–		6,899,835
Switzerland		5,480,107		–		–		5,480,107
United Kingdom		26,889,007		–		–		26,889,007
United States		647,181,206		–		–		647,181,206
Total Common Stock		1,008,229,052		–		–		1,008,229,052
Preferred Stock
United States		63,444,971		–		–		63,444,971
TOTAL INVESTMENT IN REAL ESTATE SECURITIES	$	1,071,674,023	$	–	$	–	$	1,071,674,023

See previously submitted notes to financial statements for the annual period ended December 31, 2022.