Cohen & Steers Infrastructure Fund (UTF) NPORT-P Cohen & Steers Infrastructure Fund Inc (Mar 2020 report)

COHEN & STEERS INFRASTRUCTURE FUND, INC.

SCHEDULE OF INVESTMENTS

March 31, 2020 (Unaudited)

			Shares/Units		Value
COMMON STOCK	117.9	%
AUSTRALIA	7.0	%
AIRPORTS	1.9	%
Sydney Airport				10,241,211	$	35,384,391
ELECTRIC	1.0	%
Spark Infrastructure Group(a)				16,454,821		19,870,102
REAL ESTATE	0.0	%
DIVERSIFIED	0.0	%
Charter Hall Group				30,865		129,465
Mirvac Group				274,779		349,105
						478,570
INDUSTRIALS	0.0	%
Goodman Group				17,700		129,735
TOTAL REAL ESTATE						608,305
TOLL ROADS	4.1	%
Transurban Group(a)				10,372,329		77,259,653
TOTAL AUSTRALIA						133,122,451
AUSTRIA	0.0	%
REAL ESTATE—DIVERSIFIED
CA Immobilien Anlagen AG				3,611		123,140
BELGIUM	0.9	%
ELECTRIC	0.9	%
Elia System Operator SA/NV				167,847		16,348,799
REAL ESTATE	0.0	%
RESIDENTIAL	0.0	%
Aedifica SA				1,259		130,686
SELF STORAGE	0.0	%
Warehouses De Pauw SCA				5,562		158,764
TOTAL REAL ESTATE						289,450
TOTAL BELGIUM						16,638,249
BRAZIL	1.1	%
RAILWAYS	0.6	%
Rumo SA(b)				3,222,328		12,185,821
TOLL ROADS	0.5	%
Ccr SA				4,219,079		9,524,412
TOTAL BRAZIL						21,710,233

1

			Shares/Units		Value
CANADA	9.2	%
ELECTRIC	1.4	%
Hydro One Ltd., 144A(c)				1,454,804	$	26,195,362
PIPELINES—C-CORP	6.2	%
Enbridge, Inc.(a)				1,308,442		38,101,295
TC Energy Corp.(a)				1,784,741		79,326,050
						117,427,345
RAILWAYS	1.6	%
Canadian Pacific Railway Ltd.(a)				137,681		30,382,175
REAL ESTATE	0.0	%
OFFICE	0.0	%
Allied Properties REIT				8,503		270,322
RESIDENTIAL	0.0	%
Boardwalk REIT				9,531		155,159
TOTAL REAL ESTATE						425,481
TOTAL CANADA						174,430,363
CHINA	5.2	%
GAS DISTRIBUTION	1.2	%
Enn Energy Holdings Ltd. (H shares)				2,344,221		22,709,035
PIPELINES—C-CORP	0.8	%
Beijing Enterprises Holdings Ltd. (H shares)(a)				3,899,500		14,231,142
REAL ESTATE	1.1	%
DATA CENTERS	1.1	%
GDS Holdings Ltd., ADR(a),(b)				339,595		19,686,322
DIVERSIFIED	0.0	%
China Overseas Land & Investment Ltd. (H shares)				96,000		294,329
FINANCE	0.0	%
ESR Cayman Ltd., 144A (H shares)(b),(c)				94,800		203,558
TOTAL REAL ESTATE						20,184,209
TELECOMMUNICATION SERVICES	0.0	%
China Mobile Ltd. (H shares)				96,500		723,198
TOLL ROADS	1.2	%
Jiangsu Expressway Co., Ltd., Class H (H shares)				15,514,000		17,243,273
Zhejiang Expressway Co., Ltd., Class H (H shares)				8,712,000		6,020,964
						23,264,237

2

			Shares/Units		Value
WATER	0.9	%
Guangdong Investment Ltd., (H shares)(a)				8,878,425	$	17,038,135
TOTAL CHINA						98,149,956
FRANCE	1.8	%
ENERGY—OIL & GAS	0.1	%
Total SA				40,237		1,516,081
REAL ESTATE	0.0	%
DIVERSIFIED	0.0	%
Unibail-Rodamco-Westfield				1,506		85,639
NET LEASE	0.0	%
ARGAN SA				1,776		131,919
OFFICE	0.0	%
Gecina SA				1,592		209,491
RETAIL	0.0	%
Klepierre SA				10,095		192,427
TOTAL REAL ESTATE						619,476
TOLL ROADS	1.7	%
Eiffage SA				150,076		10,652,919
Vinci SA(a)				263,552		21,534,635
						32,187,554
TOTAL FRANCE						34,323,111
GERMANY	0.1	%
REAL ESTATE
OFFICE	0.0	%
Alstria Office REIT AG				7,882		113,114
RESIDENTIAL	0.1	%
Deutsche Wohnen SE				7,471		283,141
Instone Real Estate Group AG, 144A(b),(c)				5,457		87,308
LEG Immobilien AG				4,310		483,312
Vonovia SE				10,668		530,663
						1,384,424
TOTAL GERMANY						1,497,538
HONG KONG	0.4	%
ELECTRIC	0.3	%
Power Assets Holdings Ltd.(a)				1,048,500		6,219,951

3

			Shares/Units		Value
REAL ESTATE	0.1	%
DIVERSIFIED	0.1	%
Hang Lung Properties Ltd.				125,000	$	252,067
New World Development Co., Ltd.				330,017		351,889
Sun Hung Kai Properties Ltd.				49,000		640,628
						1,244,584
RESIDENTIAL	0.0	%
Wharf Real Estate Investment Co., Ltd.				35,097		143,158
RETAIL	0.0	%
Link REIT				59,797		503,998
TOTAL REAL ESTATE						1,891,740
TOTAL HONG KONG						8,111,691
ITALY	3.8	%
COMMUNICATIONS—TOWERS	1.4	%
Infrastrutture Wireless Italiane S.p.A., 144A(c)				2,363,699		25,593,636
TOLL ROADS	1.7	%
Atlantia S.p.A.				2,628,962		32,658,164
UTILITIES—ELECTRIC UTILITIES	0.7	%
Enel S.p.A.				1,984,266		13,687,151
TOTAL ITALY						71,938,951
JAPAN	4.1	%
ELECTRIC	2.1	%
Chubu Electric Power Co.(a)				1,379,800		19,473,361
Chugoku Electric Power Co., Inc./The(a)				1,461,100		20,385,592
						39,858,953
GAS DISTRIBUTION	0.8	%
Tokyo Gas Co., Ltd.(a)				647,700		15,261,912
RAILWAYS	1.0	%
East Japan Railway Co.(a)				92,000		6,961,671
West Japan Railway Co.(a)				179,300		12,263,216
						19,224,887
REAL ESTATE	0.2	%
DIVERSIFIED	0.1	%
Activia Properties, Inc.				96		311,624
Japan Prime Realty Investment Corp.				35		105,745
Mitsubishi Estate Co., Ltd.				31,200		460,797

4

			Shares/Units		Value
Mitsui Fudosan Co., Ltd.				26,000	$	450,183
Mitsui Fudosan Logistics Park, Inc.				38		160,751
NIPPON REIT Investment Corp.				60		177,684
Tokyu Fudosan Holdings Corp.				24,940		119,789
						1,786,573
HOTEL	0.0	%
Japan Hotel REIT Investment Corp.				243		70,936
INDUSTRIALS	0.1	%
GLPJ-REIT				415		470,587
OFFICE	0.0	%
Nippon Building Fund, Inc.				52		349,801
RESIDENTIAL	0.0	%
Daiwa House REIT Investment Corp.				157		384,795
RETAIL	0.0	%
Japan Retail Fund Investment Corp.				48		54,565
TOTAL REAL ESTATE						3,117,257
TOTAL JAPAN						77,463,009
MEXICO	1.9	%
AIRPORTS	1.1	%
Grupo Aeroportuario del Pacifico SAB de CV, Class B				3,850,999		20,821,125
ELECTRIC	0.8	%
Infraestructura Energetica Nova SAB de CV				4,804,786		14,747,032
TOTAL MEXICO						35,568,157
NETHERLANDS	0.7	%
MARINE PORTS
Koninklijke Vopak NV				250,000		13,127,525
NEW ZEALAND	0.4	%
AIRPORTS
Auckland International Airport Ltd.(a)				2,307,259		6,874,968
NORWAY	0.0	%
REAL ESTATE—OFFICE
Entra ASA, 144A(c)				11,370		135,814
SINGAPORE	0.1	%
REAL ESTATE
DIVERSIFIED	0.1	%
CapitaLand Ltd.				72,200		144,683
City Developments Ltd.				27,400		138,936
Keppel DC REIT				197,500		316,970
						600,589

5

			Shares/Units		Value
HEALTH CARE	0.0	%
Parkway Life Real Estate Investment Trust				93,300	$	203,660
INDUSTRIALS	0.0	%
Mapletree Industrial Trust				82,200		139,589
TOTAL SINGAPORE						943,838
SPAIN	0.9	%
AIRPORTS
Aena SME SA, 144A(a),(c)				160,514		17,414,862
SWEDEN	0.1	%
COMMUNICATIONS	0.1	%
Telia Co. AB				179,800		643,573
REAL ESTATE	0.0	%
DIVERSIFIED	0.0	%
Castellum AB				14,059		237,041
Fastighets AB Balder, Class B(b)				5,620		203,170
						440,211
RETAIL	0.0	%
Catena AB				3,976		115,428
TOTAL REAL ESTATE						555,639
TOTAL SWEDEN						1,199,212
SWITZERLAND	0.4	%
AIRPORTS
Flughafen Zurich AG				61,160		6,842,129
THAILAND	1.9	%
AIRPORTS
Airports of Thailand PCL				23,767,900		36,582,630
UNITED KINGDOM	4.4	%
ELECTRIC	3.1	%
National Grid PLC				5,030,669		58,779,691
REAL ESTATE	0.1	%
DIVERSIFIED	0.0	%
LondonMetric Property PLC				62,779		136,927
HEALTH CARE	0.0	%
Assura PLC				194,211		201,320

6

			Shares/Units		Value
INDUSTRIALS	0.1	%
Segro PLC				35,003	$	330,896
OFFICE	0.0	%
Derwent London PLC				4,741		191,515
RESIDENTIAL	0.0	%
Grainger PLC (USD)				37,586		119,611
UNITE Group PLC/The				12,117		120,921
						240,532
SELF STORAGE	0.0	%
Safestore Holdings PLC				15,577		123,177
SHOPPING CENTERS	0.0	%
Land Securities Group PLC				9,160		63,167
TOTAL REAL ESTATE						1,287,534
WATER	1.2	%
United Utilities Group PLC(a)				2,068,572		23,155,410
TOTAL UNITED KINGDOM						83,222,635
UNITED STATES	73.5	%
COMMUNICATIONS—TOWERS	16.4	%
American Tower Corp.(a),(d)				493,379		107,433,277
Crown Castle International Corp.(a),(d)				1,203,997		173,857,167
SBA Communications Corp.(a)				104,357		28,173,259
						309,463,703
CONSUMER—CYCLICAL—HOTELS, RESTAURANTS & LEISURE	0.0	%
Boyd Gaming Corp.				9,674		139,499
DIVERSIFIED	0.4	%
Macquarie Infrastructure Co. LLC(a)				316,453		7,990,438
ELECTRIC	38.0	%
Alliant Energy Corp.(a),(d)				1,054,083		50,901,668
CMS Energy Corp.(a),(d)				765,293		44,960,964
Dominion Energy, Inc.(a)				517,111		37,330,243
DTE Energy Co.(a),(d)				328,852		31,231,074
Duke Energy Corp.(a)				1,092,717		88,378,951
Edison International(a),(d)				561,544		30,766,996
Evergy, Inc.(a)				655,354		36,077,238
FirstEnergy Corp.(a),(d)				1,246,482		49,946,534
NextEra Energy, Inc.				829,457		199,583,943
NorthWestern Corp.(a)				603,763		36,123,140

7

			Shares/Units		Value
WEC Energy Group, Inc.(a),(d)				570,568	$	50,284,158
Xcel Energy, Inc.(a),(d)				1,067,763		64,386,109
TOTAL ELECTRIC						719,971,018
ENERGY	0.2	%
Magellan Midstream Partners LP				80,921		2,952,807
GAS DISTRIBUTION	2.1	%
Atmos Energy Corp.(a),(d)				278,523		27,637,838
NiSource, Inc.(a)				462,529		11,549,349
						39,187,187
INDUSTRIALS	0.1	%
United Parcel Service, Inc. Class B(a)				27,024		2,524,582
INTEGRATED TELECOMMUNICATIONS SERVICES	0.2	%
Verizon Communications, Inc.(a)				62,022		3,332,442
PIPELINES	6.0	%
PIPELINES—C-CORP	4.9	%
Kinder Morgan, Inc.(a)				5,090,213		70,855,765
ONEOK, Inc.(a),(d)				250,482		5,463,012
Plains GP Holdings LP, Class A(a)				1,219,622		6,842,080
Williams Cos., Inc.(a)				690,172		9,765,934
						92,926,791
PIPELINES—MLP	1.1	%
Enterprise Products Partners LP(a)				632,713		9,047,796
MPLX LP(a),(d)				514,959		5,983,824
Noble Midstream Partners LP				681,713		2,385,995
Western Midstream Partners LP(a)				840,056		2,721,781
						20,139,396
TOTAL PIPELINES						113,066,187
RAILWAYS	4.7	%
Norfolk Southern Corp.(a),(d)				304,962		44,524,452
Union Pacific Corp.(a),(d)				320,306		45,175,958
						89,700,410
REAL ESTATE	2.0	%
DATA CENTERS	1.4	%
CyrusOne, Inc.(a),(d)				411,742		25,425,068
Digital Realty Trust, Inc.				6,347		881,662
Equinix, Inc.				370		231,091
						26,537,821

8

			Shares/Units		Value
DIVERSIFIED	0.0	%
Jones Lang LaSalle, Inc.				1,805	$	182,269
HEALTH CARE	0.1	%
Healthcare Trust of America, Inc., Class A				10,731		260,549
Healthpeak Properties, Inc.				14,298		341,007
Medical Properties Trust, Inc.				17,430		301,365
Omega Healthcare Investors, Inc.				5,366		142,413
Ventas, Inc.				6,836		183,205
Welltower, Inc.				22,231		1,017,735
						2,246,274
HOTEL	0.0	%
Hilton Worldwide Holdings, Inc.				3,644		248,667
Host Hotels & Resorts, Inc.				23,957		264,485
						513,152
INDUSTRIALS	0.1	%
Duke Realty Corp.				9,589		310,492
Prologis, Inc.				20,543		1,651,041
						1,961,533
NET LEASE	0.1	%
Agree Realty Corp.				5,349		331,103
VEREIT, Inc.				63,691		311,449
VICI Properties, Inc.				29,181		485,572
						1,128,124
OFFICE	0.0	%
Empire State Realty Trust, Inc., Class A				17,705		158,637
Kilroy Realty Corp.				10,284		655,091
						813,728
RESIDENTIAL	0.1	%
Equity Residential				12,675		782,174
Essex Property Trust, Inc.				2,755		606,761
Invitation Homes, Inc.				17,489		373,740
UDR, Inc.				25,282		923,805
						2,686,480

9

			Shares/Units		Value
SELF STORAGE	0.1	%
Extra Space Storage, Inc.				6,367	$	609,704
Public Storage				4,679		929,296
						1,539,000
SHOPPING CENTERS	0.1	%
COMMUNITY CENTER	0.1	%
Kimco Realty Corp.				26,392		255,211
Regency Centers Corp.				10,373		398,634
						653,845
REGIONAL MALL	0.0	%
Simon Property Group, Inc.				6,306		345,947
TOTAL SHOPPING CENTERS						999,792
TOTAL REAL ESTATE						38,608,173
WATER	3.4	%
American Water Works Co., Inc.(a),(d)				543,322		64,959,578
TOTAL UNITED STATES						1,391,896,024
TOTAL COMMON STOCK (Identified cost—$1,955,143,879)						2,231,316,486
EXCHANGE-TRADED FUNDS—UNITED STATES	0.1	%
iShares Preferred & Income Securities ETF				84,411		2,687,646
TOTAL EXCHANGE-TRADED FUNDS (Identified cost—$2,698,611)						2,687,646
PREFERRED SECURITIES—$25 PAR VALUE	7.5	%
BERMUDA	0.1	%
INSURANCE
PROPERTY CASUALTY	0.1	%
Enstar Group Ltd., 7.00% to 9/1/28, Series D (USD)(e),(f)				77,050		1,688,936
REINSURANCE	0.0	%
RenaissanceRe Holdings Ltd., 5.75%, Series F (USD)(f)				7,000		173,320
TOTAL BERMUDA						1,862,256
CANADA	0.2	%
PIPELINES	0.1	%
Enbridge, Inc., 6.375% to 4/15/23, due 4/15/78, Series B (USD)(e)				77,150		1,407,988

10

			Shares/Units		Value
UTILITIES	0.1	%
Algonquin Power & Utilities Corp., 6.875% to 10/17/23, due 10/17/78 (USD)(e)				38,890	$	960,972
Algonquin Power & Utilities Corp., 6.20% to 7/1/24, due 7/1/79, Series19-A (USD)(e)				65,127		1,530,484
TOTAL UTILITIES						2,491,456
TOTAL CANADA						3,899,444
NETHERLANDS	0.1	%
INSURANCE
Aegon Funding Co. LLC, 5.10%, due 12/15/49 (USD)(a)				132,100		2,750,322
UNITED STATES	7.1	%
BANKS	3.1	%
Bank of America Corp., 6.00%, Series EE(a),(f)				100,000		2,505,000
Bank of America Corp., 6.00%, Series GG(a),(f)				204,775		5,252,479
Bank of America Corp., 5.875%, Series HH(f)				82,800		2,092,356
Bank of America Corp., 5.375%, Series KK(f)				55,130		1,336,903
Bank of America Corp., 5.00%, Series LL(f)				101,143		2,374,838
Capital One Financial Corp., 6.00%, Series H(f)				37,407		900,386
Capital One Financial Corp., 4.80%, Series J(f)				140,575		2,642,810
Citigroup Capital XIII, 8.14%, due 10/30/40, (FRN)(g)				145,444		3,723,366
Citigroup, Inc., 6.30%, Series S(a),(f)				97,743		2,473,875
Citizens Financial Group, Inc., 5.00%, Series E(f)				58,500		1,209,780
GMAC Capital Trust I, 7.477% (3 Month US LIBOR + 5.785%), due 2/15/40, Series 2 (TruPS) (FRN)(a),(g)				216,141		4,433,052
Huntington Bancshares, Inc., 6.25%, Series D(a),(f)				73,122		1,787,102
JPMorgan Chase & Co., 6.10%, Series AA(a),(f)				121,901		3,054,839
JPMorgan Chase & Co., 5.75%, Series DD(f)				15,000		380,250
New York Community Bancorp, Inc., 6.375% to 3/17/27, Series A(a),(e),(f)				58,930		1,289,388
Regions Financial Corp., 5.70% to 5/15/29, Series C(a),(e),(f)				181,815		4,272,653
Synovus Financial Corp., 5.875% to 7/1/24, Series E(e),(f)				82,725		1,699,999
Wells Fargo & Co., 5.25%, Series P(a),(f)				110,900		2,578,425
Wells Fargo & Co., 5.85% to 9/15/23, Series Q(a),(e),(f)				129,292		3,148,260
Wells Fargo & Co., 6.00%, Series T(a),(f)				24,750		631,373
Wells Fargo & Co., 5.70%, Series W(a),(f)				143,039		3,540,215
Wells Fargo & Co., 5.625%, Series Y(a),(f)				99,275		2,445,143
Wells Fargo & Co., 4.75%, Series Z(a),(f)				206,575		4,338,075
						58,110,567

11

			Shares/Units		Value
ELECTRIC	1.4	%
CMS Energy Corp., 5.875%, due 3/1/79(a)				99,975	$	2,524,369
DTE Energy Co., 5.375%, due 6/1/76, Series B(a)				182,874		4,365,202
Duke Energy Corp., 5.75%, Series A(a),(f)				181,350		4,711,473
Integrys Holding, Inc., 6.00% to 8/1/23, due 8/1/73(a),(e)				174,388		3,967,327
NextEra Energy Capital Holdings, Inc., 5.65%, due 3/1/79, Series N				115,742		2,947,949
Southern Co./The, 5.25%, due 12/1/77(a)				99,672		2,451,931
Southern Co./The, 4.95%, due 1/30/80, Series 2020A(a)				230,000		5,149,700
						26,117,951
FINANCIAL	0.8	%
DIVERSIFIED FINANCIAL SERVICES	0.3	%
Apollo Global Management, Inc., 6.375%, Series A(f)				57,982		1,367,795
National Rural Utilities Cooperative Finance Corp., 5.50%, due 5/15/64, Series US(a)				90,000		2,264,400
Synchrony Financial, 5.625%, Series A(f)				93,732		1,599,068
						5,231,263
INVESTMENT BANKER/BROKER	0.5	%
Morgan Stanley, 6.875% to 1/15/24, Series F(a),(e),(f)				100,436		2,576,183
Morgan Stanley, 6.375% to 10/15/24, Series I(a),(e),(f)				178,969		4,486,753
Morgan Stanley, 5.85% to 4/15/27, Series K(a),(e),(f)				110,200		2,713,124
						9,776,060
TOTAL FINANCIAL						15,007,323
INDUSTRIALS—CHEMICALS	0.3	%
CHS, Inc., 7.10% to 3/31/24, Series 2(a),(e),(f)				135,283		3,122,332
CHS, Inc., 6.75% to 9/30/24, Series 3(a),(e),(f)				137,935		3,071,812
						6,194,144
INSURANCE	0.7	%
LIFE/HEALTH INSURANCE	0.4	%
American Equity Investment Life Holding Co., 5.95% to 12/1/24, Series A(e),(f)				33,980		541,641
Athene Holding Ltd., 6.35% to 6/30/29, Series A(a),(e),(f)				115,223		2,617,866
Athene Holding Ltd., 5.625%, Series B(f)				5,075		99,927
Equitable Holdings, Inc., 5.25%, Series A(f)				52,000		879,840
MetLife, Inc., 4.75%, Series F(f)				68,800		1,469,568
Unum Group, 6.25%, due 6/15/58				16,000		365,600
Voya Financial, Inc., 5.35% to 9/15/29, Series B(e),(f)				97,375		2,240,599
						8,215,041

12

			Shares/Units		Value
MULTI-LINE	0.3	%
Allstate Corp./The, 5.10%, Series H(a),(f)				146,650	$	3,387,615
American International Group, Inc., 5.85%, Series A(f)				11,342		265,743
Hanover Insurance Group, Inc./The, 6.35%, due 3/30/53				50,210		1,150,813
						4,804,171
REINSURANCE	0.0	%
Arch Capital Group Ltd., 5.25%, Series E(f)				10,833		248,509
TOTAL INSURANCE						13,267,721
INTEGRATED TELECOMMUNICATIONS SERVICES	0.1	%
AT&T, Inc., 5.625%, due 8/1/67				50,000		1,275,000
PIPELINES	0.2	%
Energy Transfer Operating LP, 7.375% to 5/15/23, Series C(e),(f)				142,225		1,792,035
Energy Transfer Operating LP, 7.625% to 8/15/23, Series D(e),(f)				89,991		1,142,886
Energy Transfer Operating LP, 7.60% to 5/15/24, Series E(e),(f)				25,586		318,034
						3,252,955
REAL ESTATE	0.2	%
DIVERSIFIED	0.1	%
VEREIT, Inc., 6.70%, Series F(a),(f)				66,586		1,471,551
REINSURANCE	0.1	%
Arch Capital Group Ltd., 5.45%, Series F(a),(f)				80,000		1,780,000
TOTAL REAL ESTATE						3,251,551
UTILITIES	0.3	%
NiSource, Inc. 0.0 to 3/15/24, Series B(a),(e),(f)				92,315		2,344,801
South Jersey Industries, Inc., 5.625%, due 9/16/79				95,800		2,123,886
Spire, Inc., 5.90%, Series A(a),(f)				101,071		2,522,732
						6,991,419
TOTAL UNITED STATES						133,468,631
TOTAL PREFERRED SECURITIES—$25 PAR VALUE (Identified cost—$156,202,878)						141,980,653

13

			Principal Amount		Value
PREFERRED SECURITIES—CAPITAL SECURITIES	15.0	%
AUSTRALIA	0.5	%
INSURANCE-PROPERTY CASUALTY	0.4	%
QBE Insurance Group Ltd., 6.75% to 12/2/24, due 12/2/44 (USD)(e),(h)			$	5,155,000	$	5,112,446
QBE Insurance Group Ltd., 5.875% to 6/17/26, due 6/17/46, Series EMTN (USD)(e),(h)				1,800,000		1,737,006
						6,849,452
MATERIAL—METALS & MINING	0.1	%
BHP Billiton Finance USA Ltd., 6.75% to 10/20/25, due 10/19/75, 144A (USD)(a),(c),(e)				1,600,000		1,699,208
TOTAL AUSTRALIA						8,548,660
BRAZIL	0.1	%
BANKS
Itau Unibanco Holding SA, 4.50% to 11/21/24, due 11/21/29, 144A (USD)(a),(c),(e),(i)				1,400,000		1,277,500
CANADA	1.3	%
PIPELINES	0.9	%
Enbridge, Inc., 6.00% to 1/15/27, due 1/15/77, Series 16-A (USD)(a),(e)				4,155,000		3,081,951
Enbridge, Inc., 6.25% to 3/1/28, due 3/1/78 (USD)(a),(e)				3,289,000		2,472,489
Transcanada Trust, 5.50% to 9/15/29, due 9/15/79 (USD)(a),(e)				8,620,000		6,609,342
Transcanada Trust, 5.875% to 8/15/26, due 8/15/76, Series 16-A (USD)(a),(e)				5,765,000		4,521,172
						16,684,954
UTILITIES	0.4	%
Emera, Inc., 6.75% to 6/15/26, due 6/15/76, Series 16-A (USD)(a),(e)				8,000,000		7,413,960
TOTAL CANADA						24,098,914
FINLAND	0.1	%
BANKS
Nordea Bank Abp, 6.625% to 3/26/26, 144A (USD)(a),(c),(e),(f),(i)				1,400,000		1,268,169
FRANCE	1.5	%
BANKS	1.4	%
BNP Paribas SA, 6.625% to 3/25/24, 144A (USD)(a),(c),(e),(f),(i)				4,000,000		3,545,000
BNP Paribas SA, 7.00% to 8/16/28, 144A (USD)(a),(c),(e),(f),(i)				1,000,000		968,945
BNP Paribas SA, 7.195% to 6/25/37, 144A (USD)(a),(c),(e),(f)				2,900,000		2,874,959
BNP Paribas SA, 7.375% to 8/19/25, 144A (USD)(a),(c),(e),(f),(i)				3,600,000		3,440,502

14

			Principal Amount		Value
BNP Paribas SA, 7.625% to 3/30/21, 144A (USD)(a),(c),(e),(f),(i)			$	2,400,000	$	2,344,500
Credit Agricole SA, 6.875% to 9/23/24, 144A (USD)(a),(c),(e),(f),(i)				2,600,000		2,328,807
Credit Agricole SA, 7.875% to 1/23/24, 144A (USD)(c),(e),(f),(i)				400,000		388,174
Credit Agricole SA, 8.125% to 12/23/25, 144A (USD)(a),(c),(e),(f),(i)				3,550,000		3,678,769
Societe Generale SA, 6.75% to 4/6/28, 144A (USD)(a),(c),(e),(f),(i)				1,400,000		1,168,391
Societe Generale SA, 7.375% to 9/13/21, 144A (USD)(a),(c),(e),(f),(i)				3,000,000		2,774,925
Societe Generale SA, 7.375% to 10/4/23, 144A (USD)(a),(c),(e),(f),(i)				2,000,000		1,731,390
Societe Generale SA, 8.00% to 9/29/25, 144A (USD)(a),(c),(e),(f),(i)				1,800,000		1,648,251
						26,892,613
INSURANCE—MULTI-LINE	0.1	%
AXA SA, 6.379% to 12/14/36, 144A (USD)(a),(c),(e),(f)				1,600,000		1,894,104
TOTAL FRANCE						28,786,717
GERMANY	0.0	%
BANKS
Commerzbank AG, 7.00% to 4/9/25 (USD)(e),(f),(h),(i)				1,000,000		803,750
HONG KONG	0.1	%
BANKS
Bank of China Hong Kong Ltd., 5.90% to 9/14/23, 144A (USD)(a),(c),(e),(f)				2,200,000		2,276,874
ITALY	0.1	%
BANKS
Intesa Sanpaolo SpA, 7.70% to 9/17/25, 144A (USD)(a),(c),(e),(f),(i)				2,900,000		2,467,016
JAPAN	0.5	%
INSURANCE
LIFE/HEALTH INSURANCE	0.4	%
Dai-ichi Life Insurance Co., Ltd., 5.10% to 10/28/24, 144A (USD)(a),(c),(e),(f)				2,000,000		2,065,790
Nippon Life Insurance Co., 5.10% to 10/16/24, due 10/16/44, 144A (USD)(a),(c),(e)				5,000,000		5,224,202
						7,289,992
PROPERTY CASUALTY	0.1	%
Mitsui Sumitomo Insurance Co., Ltd., 4.95% to 3/6/29, 144A (USD)(a),(c),(e),(f)				2,400,000		2,497,956
TOTAL JAPAN						9,787,948
NETHERLANDS	0.2	%
BANKS
ING Groep N.V., 5.75% to 11/16/26 (USD)(a),(e),(f),(i)				1,800,000		1,559,637
ING Groep N.V., 6.875% to 4/16/22 (USD)(e),(f),(h),(i)				3,000,000		2,630,112
TOTAL NETHERLANDS						4,189,749

15

			Principal Amount		Value
NORWAY	0.1	%
BANKS
DNB Bank ASA, 6.50% to 3/26/22 (USD)(e),(f),(h),(i)			$	3,000,000	$	2,711,772
SPAIN	0.2	%
BANKS
Banco Bilbao Vizcaya Argentaria SA, 6.50% to 3/5/25, Series 9 (USD)(a),(e),(f),(i)				3,800,000		2,947,641
SWEDEN	0.1	%
BANKS
Skandinaviska Enskilda Banken AB, 5.125% to 5/13/25 (USD)(e),(f),(h),(i)				800,000		695,464
Svenska Handelsbanken AB, 6.25% to 3/1/24, Series EMTN (USD)(e),(f),(h),(i)				2,200,000		2,055,075
TOTAL SWEDEN						2,750,539
SWITZERLAND	1.3	%
BANKS	1.2	%
Credit Suisse Group AG, 7.125% to 7/29/22 (USD)(e),(f),(h),(i)				2,600,000		2,406,274
Credit Suisse Group AG, 6.375% to 8/21/26, 144A (USD)(a),(c),(e),(f),(i)				3,000,000		2,635,605
Credit Suisse Group AG, 7.25% to 9/12/25, 144A (USD)(a),(c),(e),(f),(i)				1,400,000		1,271,473
Credit Suisse Group AG, 7.50% to 12/11/23, 144A (USD)(c),(e),(f),(i)				400,000		387,528
Credit Suisse Group AG, 7.50% to 7/17/23, 144A (USD)(a),(c),(e),(f),(i)				4,800,000		4,427,016
UBS Group Funding Switzerland AG, 6.875% to 8/7/25 (USD)(e),(f),(h),(i)				3,200,000		3,054,320
UBS Group Funding Switzerland AG, 6.875% to 3/22/21 (USD)(e),(f),(h),(i)				1,600,000		1,568,000
UBS Group Funding Switzerland AG, 7.125% to 8/10/21 (USD)(e),(f),(h),(i)				1,600,000		1,569,629
UBS Group Funding Switzerland AG, 7.00% to 1/31/24, 144A (USD)(a),(c),(e),(f),(i)				4,600,000		4,327,197
						21,647,042
INSURANCE—PROPERTY CASUALTY	0.1	%
Swiss Re Finance Luxembourg SA, 5.00% to 4/2/29, due 4/2/49, 144A (USD)(a),(c),(e)				2,000,000		2,045,598
TOTAL SWITZERLAND						23,692,640

16

			Principal Amount			Value
UNITED KINGDOM	2.5	%
BANKS	2.3	%
Barclays PLC, 7.875% to 3/15/22 (USD)(e),(f),(h),(i)			$	3,800,000		$	3,496,000
Barclays PLC, 8.00% to 6/15/24 (USD)(a),(e),(f),(i)				2,200,000			2,044,471
HBOS Capital Funding LP, 6.85% (USD)(f),(h)				2,400,000			2,272,800
HSBC Capital Funding Dollar 1 LP, 10.176% to 6/30/30, 144A (USD)(a),(c),(e),(f)				8,950,000			13,163,794
HSBC Holdings PLC, 6.375% to 3/30/25 (USD)(a),(e),(f),(i)				1,600,000			1,497,112
HSBC Holdings PLC, 6.50% to 3/23/28 (USD)(a),(e),(f),(i)				2,800,000			2,620,282
HSBC Holdings PLC, 6.875% to 6/1/21 (USD)(a),(e),(f),(i)				2,400,000			2,358,324
Lloyds Banking Group PLC, 7.50% to 6/27/24 (USD)(a),(e),(f),(i)				3,534,000			3,053,464
Lloyds Banking Group PLC, 7.50% to 9/27/25 (USD)(a),(e),(f),(i)				2,800,000			2,518,586
Nationwide Building Society, 10.25%, due 12/6/99(f),(h)				435,000			707,811
Royal Bank of Scotland Group PLC, 7.648% to 9/30/31 (USD)(a),(e),(f)				2,512,000			3,216,177
Royal Bank of Scotland Group PLC, 8.00% to 8/10/25 (USD)(a),(e),(f),(i)				3,600,000			3,382,938
Royal Bank of Scotland Group PLC, 8.625% to 8/15/21 (USD)(a),(e),(f),(i)				3,200,000			3,137,040
Standard Chartered PLC, 7.75% to 4/2/23, 144A (USD)(c),(e),(f),(i)				600,000			589,794
							44,058,593
INTEGRATED TELECOMMUNICATIONS SERVICES	0.2	%
Vodafone Group PLC, 7.00% to 1/4/29, due 4/4/79 (USD)(a),(e)				2,850,000			3,052,235
TOTAL UNITED KINGDOM							47,110,828
UNITED STATES	6.4	%
BANKS	3.5	%
AgriBank FCB, 6.875% to 1/1/24(a),(e),(f)				37,000	†		3,593,625
Bank of America Corp., 6.10% to 3/17/25, Series AA(a),(e),(f)				2,186,000			2,209,379
Bank of America Corp., 5.875% to 3/15/28, Series FF(a),(e),(f)				4,682,000			4,748,274
Bank of America Corp., 6.25% to 9/5/24, Series X(a),(e),(f)				700,000			710,986
Bank of America Corp., 6.50% to 10/23/24, Series Z(a),(e),(f)				3,806,000			4,017,975
Citigroup, Inc., 5.90% to 2/15/23(a),(e),(f)				5,675,000			5,479,156
Citigroup, Inc., 5.95% to 5/15/25, Series P(a),(e),(f)				6,000,000			5,816,670
Citigroup, Inc., 6.25% to 8/15/26, Series T(a),(e),(f)				4,850,000			4,999,550
Citigroup, Inc., 5.00% to 9/12/24, Series U(a),(e),(f)				3,040,000			2,781,159
Citizens Financial Group, Inc., 6.375% to 4/6/24, Series C(a),(e),(f)				1,200,000			1,044,834
CoBank ACB, 6.25% to 10/1/22, Series F(a),(e),(f)				52,500	†		5,197,500

17

			Principal Amount			Value
CoBank ACB, 6.25% to 10/1/26, Series I(a),(e),(f)			$	2,866,000		$	2,837,340
Farm Credit Bank of Texas, 6.75% to 9/15/23, 144A(a),(c),(e),(f)				35,300	†		3,441,750
Farm Credit Bank of Texas, 10.00%, Series 1(a),(f)				2,000	†		2,019,000
Goldman Sachs Group, Inc./The, 5.30% to 11/10/26, Series O(a),(e),(f)				1,645,000			1,597,024
Goldman Sachs Group, Inc./The, 5.50% to 8/10/24, Series Q(a),(e),(f)				1,690,000			1,625,450
Goldman Sachs Group, Inc./The, 4.95% to 2/10/25, Series R(a),(e),(f)				1,128,000			1,004,704
JPMorgan Chase & Co., 5.24% (3 Month US LIBOR + 3.47%), Series I (FRN)(a),(f),(g)				2,034,000			1,839,234
JPMorgan Chase & Co., 6.75% to 2/1/24, Series S(a),(e),(f)				2,790,000			2,917,489
JPMorgan Chase & Co., 6.10% to 10/1/24, Series X(e),(f)				500,000			509,848
Truist Financial Corp., 5.125% to 12/15/27, Series M(e),(f)				500,000			425,408
Truist Financial Corp., 4.80% to 9/01/24, Series N(a),(e),(f)				1,810,000			1,557,858
Wells Fargo & Co., 5.95%, due 12/1/86				2,830,000			3,558,952
Wells Fargo & Co., 5.875% to 6/15/25, Series U(a),(e),(f)				1,891,000			1,920,679
							65,853,844
COMMUNICATIONS—TOWERS	0.5	%
Crown Castle International Corp., 6.875%, due 8/1/20, Series A (Convertible)(a)				7,400	†		9,576,291
ELECTRIC	0.3	%
CenterPoint Energy, Inc., 6.125% to 9/1/23, Series A(a),(e),(f)				1,960,000			1,569,363
Dominion Energy, Inc., 4.65% to 12/15/24, Series B(a),(e),(f)				2,220,000			1,996,457
Duke Energy Corp., 4.875% to 9/16/24(a),(e),(f)				3,580,000			3,009,688
							6,575,508
FOOD	0.3	%
Dairy Farmers of America, Inc., 7.875%, 144A(c),(f),(j)				60,000	†		5,531,760
INDUSTRIALS—DIVERSIFIED MANUFACTURING	0.1	%
General Electric Co., 5.00% to 1/21/21, Series D(a),(e),(f)				2,252,000			1,862,123
INSURANCE	1.5	%
LIFE/HEALTH INSURANCE	1.1	%
MetLife Capital Trust IV, 7.875%, due 12/15/37, 144A (TruPS)(a),(c)				4,500,000			5,226,142
MetLife, Inc., 5.25% to 6/15/20, Series C(a),(e),(f)				3,200,000			2,790,000
MetLife, Inc., 5.875% to 3/15/28, Series D(a),(e),(f)				2,530,000			2,418,212
MetLife, Inc., 9.25%, due 4/8/38, 144A(a),(c)				6,500,000			8,133,872
Voya Financial, Inc., 5.65% to 5/15/23, due 5/15/53(e)				500,000			459,128
Voya Financial, Inc., 6.125% to 9/15/23, Series A(a),(e),(f)				1,560,000			1,412,884
							20,440,238

18

			Principal Amount		Value
MULTI-LINE	0.1	%
American International Group, Inc., 8.175% to 5/15/38, due 5/15/68(a),(e)			$	925,000	$	1,086,108
PROPERTY CASUALTY	0.2	%
Assurant, Inc., 7.00% to 3/27/28, due 3/27/48(a),(e)				3,200,000		2,764,034
Liberty Mutual Group, Inc., 7.80%, due 3/7/87, 144A(a),(c)				1,680,000		1,785,932
						4,549,966
REINSURANCE	0.1	%
AXIS Specialty Finance LLC, 4.90% to 1/15/30, due 1/15/40(a),(e)				1,760,000		1,494,275
TOTAL INSURANCE						27,570,587
PIPELINES	0.1	%
Energy Transfer Operating LP, 7.125% to 5/15/30, Series G(a),(e),(f)				2,780,000		1,676,562
UTILITIES	0.1	%
NextEra Energy Capital Holdings, Inc., 5.65% to 5/1/29, due 5/1/79(a),(e)				2,870,000		2,653,940
TOTAL UNITED STATES						121,300,615
TOTAL PREFERRED SECURITIES—CAPITAL SECURITIES (Identified cost—$295,221,827)						284,019,332
CORPORATE BONDS—UNITED STATES	0.1	%
FINANCIAL—DIVERSIFIED FINANCIAL SERVICES
GE Capital International Funding Co. Unlimited Co., due 11/15/35				2,000,000		2,169,395
TOTAL CORPORATE BONDS (Identified cost—$2,080,486)						2,169,395
			Shares
SHORT-TERM INVESTMENTS	3.7	%
MONEY MARKET FUNDS
State Street Institutional Treasury Money Market Fund, Premier Class, 0.58%(k)				70,485,258		70,485,258
TOTAL SHORT-TERM INVESTMENTS (Identified cost—$70,485,258)						70,485,258

19

			Value
TOTAL INVESTMENTS IN SECURITIES (Identified cost—$2,481,832,939)	144.3	%	$	2,732,658,770
LIABILITIES IN EXCESS OF OTHER ASSETS	(44.3	)		(839,565,557	)
NET ASSETS (Equivalent to $20.24 per share based on 93,522,809 shares of common stock outstanding)	100.0	%	$	1,893,093,213

Centrally Cleared Interest Rate Swap Contracts

Notional Amount	Fixed Rate Payable(l)	Fixed Payment Frequency	Floating Rate Receivable(l) (resets monthly)		Floating Payment Frequency	Maturity Date	Value			Upfront Receipts (Payments)			Unrealized Appreciation (Depreciation)
$212,500,000	1.240%	Monthly		1 month LIBOR	Monthly	2/3/26	$	(8,086,802	)	$	(102,362	)	$	(8,189,164	)

The total amount of all interest rate swap contracts as presented in the table above are representative of the volume of activity for this derivative type during the period ended March 31, 2020.

Glossary of Portfolio Abbreviations

ADR	American Depositary Receipt
CME	Chicago Mercantile Exchange
EMTN	Euro Medium Term Note
ETF	Exchange-Traded Fund
FRN	Floating Rate Note
LIBOR	London Interbank Offered Rate
MLP	Master Limited Partnership
REIT	Real Estate Investment Trust
TruPS	Trust Preferred Securities
USD	United States Dollar

Note: Percentages indicated are based on the net assets of the Fund.

† Represents shares.

(a) All or a portion of the security is pledged as collateral in connection with the Fund’s credit agreement. $1,702,528,991 in aggregate has been pledged as collateral.

(b) Non-income producing security.

20

(c) Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may only be resold to qualified institutional buyers. Aggregate holdings amounted to $170,161,433 which represents 9.0% of the net assets of the Fund, of which 0.3% are illiquid.

(d) A portion of the security has been rehypothecated in connection with the Fund’s credit agreement. $735,060,276 in aggregate has been rehypothecated.

(e) Security converts to floating rate after the indicated fixed-rate coupon period.

(f) Perpetual security. Perpetual securities have no stated maturity date, but they may be called/redeemed by the issuer.

(g) Variable rate. Rate shown is in effect at March 31, 2020.

(h) Securities exempt from registration under Regulation S of the Securities Act of 1933. These securities are subject to resale restrictions. Aggregate holdings amounted to $30,820,458 which represents 1.6% of the net assets of the Fund, of which 0.0% are illiquid.

(i) Contingent Capital security (CoCo). CoCos are debt or preferred securities with loss absorption characteristics built into the terms of the security for the benefit of the issuer. Aggregate holdings amounted to $88,778,843 which represents 4.7% of the net assets of the Fund (3.2% of the managed assets of the Fund).

(j) Security value is determined based on significant unobservable inputs (Level 3).

(k) Rate quoted represents the annualizedseven-day yield.

(l) Represents a forward-starting interest rate swap contract with interest receipts and payments commencing on December 28, 2020 (effective date).

21

Sector Summary	% of Managed Assets
Electric		34.1
Communications		12.6
Pipelines		9.8
Banks		8.6
Toll Roads		6.4
Railways		5.5
Airports		4.5
Water		3.8
Gas Distribution		2.8
Real Estate		2.7
Insurance		2.2
Utilities		1.2
Financial		0.6
Marine Ports		0.5
Other		4.7
		100.0

22

COHEN & STEERS INFRASTRUCTURE FUND, INC.

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)

Note 1. Portfolio Valuation

Investments in securities that are listed on the New York Stock Exchange (NYSE) are valued, except as indicated below, at the last sale price reflected at the close of the NYSE on the business day as of which such value is being determined. If there has been no sale on such day, the securities are valued at the mean of the closing bid and ask prices on such day or, if no ask price is available, at the bid price. Centrally cleared interest rate swaps are valued at the price determined by the relevant exchange or clearinghouse.Over-the-counter (OTC) interest rate swaps are valued utilizing quotes received from a third-party pricing service. Exchange traded options are valued at their last sale price as of the close of options trading on applicable exchanges on the valuation date. In the absence of a last sale price on such day, options are valued at the average of the quoted bid and ask prices as of the close of business.Over-the-counter (OTC) options are valued based upon prices provided by a third-party pricing service or counterparty.

Securities not listed on the NYSE but listed on other domestic or foreign securities exchanges (including NASDAQ) are valued in a similar manner. Securities traded on more than one securities exchange are valued at the last sale price reflected at the close of the exchange representing the principal market for such securities on the business day as of which such value is being determined. If after the close of a foreign market, but prior to the close of business on the day the securities are being valued, market conditions change significantly, certainnon-U.S. equity holdings may be fair valued pursuant to procedures established by the Board of Directors.

Readily marketable securities traded in the OTC market, including listed securities whose primary market is believed by Cohen & Steers Capital Management, Inc. (the investment manager) to be OTC, are valued on the basis of prices provided by a third-party pricing service or third-party broker-dealers when such prices are believed by the investment manager, pursuant to delegation by the Board of Directors, to reflect the fair value of such securities.

Fixed-income securities are valued on the basis of prices provided by a third-party pricing service or third-party broker-dealers when such prices are believed by the investment manager, pursuant to delegation by the Board of Directors, to reflect the fair value of such securities. The pricing services or broker-dealers use multiple valuation techniques to determine fair value. In instances where sufficient market activity exists, the pricing services or broker-dealers may utilize a market-based approach through which quotes from market makers are used to determine fair value. In instances where sufficient market activity may not exist or is limited, the pricing services or broker-dealers also utilize proprietary valuation models which may consider market transactions in comparable securities and the various relationships between securities in determining fair value and/or characteristics such as benchmark yield curves, option-adjusted spreads, credit spreads, estimated default rates, coupon rates, anticipated timing of principal repayments, underlying collateral, and other unique security features which are then used to calculate the fair values.

Short-term debt securities with a maturity date of 60 days or less are valued at amortized cost, which approximates fair value. Investments inopen-end mutual funds are valued at net asset value (NAV).

COHEN & STEERS INFRASTRUCTURE FUND, INC.

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

The policies and procedures approved by the Fund’s Board of Directors delegate authority to make fair value determinations to the investment manager, subject to the oversight of the Board of Directors. The investment manager has established a valuation committee (Valuation Committee) to administer, implement and oversee the fair valuation process according to the policies and procedures approved annually by the Board of Directors. Among other things, these procedures allow the Fund to utilize independent pricing services, quotations from securities and financial instrument dealers and other market sources to determine fair value.

Securities for which market prices are unavailable, or securities for which the investment manager determines that the bid and/or ask price or a counterparty valuation does not reflect market value, will be valued at fair value, as determined in good faith by the Valuation Committee, pursuant to procedures approved by the Fund’s Board of Directors. Circumstances in which market prices may be unavailable include, but are not limited to, when trading in a security is suspended, the exchange on which the security is traded is subject to an unscheduled close or disruption or material events occur after the close of the exchange on which the security is principally traded. In these circumstances, the Fund determines fair value in a manner that fairly reflects the market value of the security on the valuation date based on consideration of any information or factors it deems appropriate. These may include, but are not limited to, recent transactions in comparable securities, information relating to the specific security and developments in the markets.

Foreign equity fair value pricing procedures utilized by the Fund may cause certainnon-U.S. equity holdings to be fair valued on the basis of fair value factors provided by a pricing service to reflect any significant market movements between the time the Fund values such securities and the earlier closing of foreign markets.

The Fund’s use of fair value pricing may cause the NAV of Fund shares to differ from the NAV that would be calculated using market quotations. Fair value pricing involves subjective judgments and it is possible that the fair value determined for a security may be materially different than the value that could be realized upon the sale of that security.

Fair value is defined as the price that the Fund would expect to receive upon the sale of an investment or expect to pay to transfer a liability in an orderly transaction with an independent buyer in the principal market or, in the absence of a principal market, the most advantageous market for the investment or liability. The hierarchy of inputs that are used in determining the fair value of the Fund’s investments is summarized below.

• Level 1 — quoted prices in active markets for identical investments

• Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, credit risk, etc.)

• Level 3 — significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments)

COHEN & STEERS INFRASTRUCTURE FUND, INC.

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

The inputs or methodology used for valuing investments may or may not be an indication of the risk associated with those investments. Changes in valuation techniques may result in transfers into or out of an assigned level within the disclosure hierarchy.

The following is a summary of the inputs used as of March 31, 2020 in valuing the Fund’s investments carried at value:

	Total			Quoted Prices in Active Markets for Identical Investments (Level  1)		Other Significant Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
Common Stock:
Australia	$	133,122,451		$	—	$	133,122,451		$	—
Austria		123,140			—		123,140			—
Belgium		16,638,249			—		16,638,249			—
China		98,149,956			19,686,322		78,463,634			—
France		34,323,111			85,639		34,237,472			—
Germany		1,497,538			—		1,497,538			—
Hong Kong		8,111,691			—		8,111,691			—
Italy		71,938,951			—		71,938,951			—
Japan		77,463,009			—		77,463,009			—
Netherlands		13,127,525			—		13,127,525			—
New Zealand		6,874,968			—		6,874,968			—
Norway		135,814			—		135,814			—
Singapore		943,838			—		943,838			—
Spain		17,414,862			—		17,414,862			—
Sweden		1,199,212			—		1,199,212			—
Switzerland		6,842,129			—		6,842,129			—
Thailand		36,582,630			—		36,582,630			—
United Kingdom		83,222,635			—		83,222,635			—
Other Countries		1,623,604,777			1,623,604,777		—			—
Exchange-Traded Funds		2,687,646			2,687,646		—			—
Preferred Securities—$25 Par Value:
United States		26,117,951			22,150,624		3,967,327			—
Other Countries		115,862,702			115,862,702		—			—
Preferred Securities—Capital Securities:
United States		121,300,615			—		115,768,855			5,531,760
Other Countries		162,718,717			—		162,718,717			—
Corporate Bonds		2,169,395			—		2,169,395			—
Short-Term Investments		70,485,258			—		70,485,258			—
Total Investments in Securities(a)	$	2,732,658,770		$	1,784,077,710	$	943,049,300		$	5,531,760	(b)
Interest Rate Swaps	$	(8,086,802	)	$	—	$	(8,086,802	)	$	—
Total Derivative Liabilities(a)	$	(8,086,802	)	$	—	$	(8,086,802	)	$	—

(a) Portfolio holdings are disclosed individually on the Schedule of Investments.

(b) Level 3 investments are valued by a third-party pricing service. The inputs for these securities are not readily available or cannot be reasonably estimated. A change in the significant unobservable inputs could result in a significantly lower or higher value in such Level 3 investments.

COHEN & STEERS INFRASTRUCTURE FUND, INC.

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

The following is a reconciliation of investments for which significant unobservable inputs (Level 3) were used in determining fair value:

	Total Investments In Securities
Balance as of December 31, 2019	$	18,093,624
Transfer out of Level 3(a)		(1,630,342	)
Change in unrealized appreciation (depreciation)		(10,931,522	)
Balance as of March 31, 2020	$	5,531,760

(a) As of December 31, 2019 the Fund used significant unobservable inputs in determining the value of this investment. As of March 31, 2020 the Fund used a quoted price in determining the value of the same investment, which resulted from the registration of these shares.

The change in unrealized appreciation (depreciation) attributable to securities owned on March 31, 2020 which were valued using significant unobservable inputs (Level 3) amounted to $(432,120).

COHEN & STEERS INFRASTRUCTURE FUND, INC.

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

Note 2. Derivative Investments

Options: The Fund may purchase and write exchange-listed and OTC put or call options on securities, stock indices and other financial instruments for hedging purposes, to enhance portfolio returns and/or reduce overall volatility.

When the Fund writes (sells) an option, an amount equal to the premium received by the Fund is recorded as a liability. The amount of the liability is subsequentlymarked-to-market to reflect the current market value of the option written. When an option expires, the Fund realizes a gain on the option to the extent of the premium received. Premiums received from writing options which are exercised or closed are added to or offset against the proceeds or amount paid on the transaction to determine the realized gain or loss. If a put option on a security is exercised, the premium reduces the cost basis of the security purchased by the Fund. If a call option is exercised, the premium is added to the proceeds of the security sold to determine the realized gain or loss. The Fund, as writer of an option, bears the market risk of an unfavorable change in the price of the underlying investment. Other risks include the possibility of an illiquid options market or the inability of the counterparties to fulfill their obligations under the contracts.

Put and call options purchased are accounted for in the same manner as portfolio securities. Premiums paid for purchasing options which expire are treated as realized losses. Premiums paid for purchasing options which are exercised or closed are added to the amounts paid or offset against the proceeds on the underlying investment transaction to determine the realized gain or loss when the underlying transaction is executed. The risk associated with purchasing an option is that the Fund pays a premium whether or not the option is exercised. Additionally, the Fund bears the risk of loss of the premium and change in market value should the counterparty not perform under the contract.

At March 31, 2020, the Fund did not have any option contracts outstanding.

Centrally Cleared Interest Rate Swap Contracts: The Fund uses interest rate swaps in connection with borrowing under its revolving credit agreement. The interest rate swaps are intended to reduce interest rate risk by countering the effect that an increase in short-term interest rates could have on the performance of the Fund’s shares as a result of the floating rate structure of interest owed pursuant to the revolving credit agreement. When entering into interest rate swaps, the Fund agrees to pay the other party to the interest rate swap (which is known as the counterparty) a fixed rate payment in exchange for the counterparty’s agreement to pay the Fund a variable rate payment that was intended to approximate the Fund’s variable rate payment obligation on the revolving credit agreement. The payment obligation is based on the notional amount of the swap. Depending on the state of interest rates in general, the use of interest rate swaps could enhance or harm the overall performance of the Fund. Swaps aremarked-to-market daily and changes in the value are recorded as unrealized appreciation (depreciation).

COHEN & STEERS INFRASTRUCTURE FUND, INC.

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

Immediately following execution of the swap agreement, the swap agreement is novated to a central counterparty (the CCP) and the Fund’s counterparty on the swap agreement becomes the CCP. The Fund is required to interface with the CCP through a broker. Upon entering into a centrally cleared swap, the Fund is required to deposit initial margin with the broker in the form of cash or securities in an amount that varies depending on the size and risk profile of the particular swap. Securities deposited as initial margin are designated on the Schedule of Investments and cash deposited is recorded as cash collateral pledged for interest rate swap contracts. The daily change in valuation of centrally cleared swaps is recorded as a receivable or payable for variation margin on interest rate swap contracts. Any upfront payments paid or received upon entering into a swap agreement would be recorded as assets or liabilities, respectively, and amortized or accreted over the life of the swap and recorded as realized gain (loss). Payments received from or paid to the counterparty during the term of the swap agreement, or at termination, are recorded as realized gain (loss).

Swap agreements involve, to varying degrees, elements of market and counterparty risk, and exposure to loss in excess of the related amounts reflected on the Schedule of Investments. Such risks involve the possibility that there will be no liquid market for these agreements, that the counterparty to the agreements may default on its obligation to perform or disagree as to the meaning of contractual terms in the agreements and that there may be unfavorable changes in interest rates.

The following summarizes the volume of the Fund’s written option contracts activity for the three months ended March 31, 2020:

	Written Option Contracts(a),(b)
Average Notional Amount	$	19,530,558

(a) Average notional amounts represent the average for all months in which the Fund had option contracts outstanding at month end. For the period, this represents one month for written options.

(b) Notional amount is calculated using the number of contracts multiplied by notional contract size multiplied by the underlying price.