Cohen & Steers Infrastructure Fund (UTF) NPORT-P Cohen & Steers Infrastructure Fund Inc (Sep 2021 report)

COHEN & STEERS INFRASTRUCTURE FUND, INC.

SCHEDULE OF INVESTMENTS

September 30, 2021 (Unaudited)

			Shares/Units		Value
COMMON STOCK	119.3	%
AUSTRALIA	7.9	%
AIRPORTS	1.1	%
Sydney Airport(a),(b)				4,794,368	$	28,156,510
REAL ESTATE—DATA CENTERS	0.6	%
NEXTDC Ltd.(a)				1,678,262		14,296,171
TOLL ROADS	6.2	%
Transurban Group				1,439,103		14,503,955
Transurban Group(b),(c)				13,638,466		137,454,856
						151,958,811
TOTAL AUSTRALIA						194,411,492
BRAZIL	1.0	%
ELECTRIC	0.3	%
Neoenergia SA				2,759,638		7,758,354
RAILWAYS	0.7	%
Rumo SA(a)				5,542,198		17,087,363
TOTAL BRAZIL						24,845,717
CANADA	15.3	%
ELECTRIC	2.9	%
Emera, Inc.				833,151		37,730,571
Hydro One Ltd., 144A(d)				1,454,804		34,388,782
						72,119,353
PIPELINES—C-CORP	7.8	%
Enbridge, Inc.(c)				4,061,685		161,813,221
TC Energy Corp.				624,587		30,060,653
						191,873,874
RAILWAYS	4.2	%
Canadian National Railway Co.				892,632		103,442,701
RENEWABLE ENERGY	0.4	%
Tidewater Renewables Ltd.(a)				789,442		9,012,578
TOTAL CANADA						376,448,506
CHINA	3.2	%
GAS DISTRIBUTION	1.3	%
Enn Energy Holdings Ltd., (H shares)				1,971,621		32,518,872
PIPELINES—C-CORP	0.7	%
Beijing Enterprises Holdings Ltd., (H shares)(c)				3,899,500		15,564,826

1

			Shares/Units		Value
TOLL ROADS	0.9	%
Jiangsu Expressway Co., Ltd., (H shares)				15,514,000	$	15,676,118
Zhejiang Expressway Co., Ltd., Class H (H shares)				8,712,000		7,184,786
						22,860,904
UTILITIES—WATER	0.3	%
Guangdong Investment Ltd., (H shares)				5,825,802		7,602,234
TOTAL CHINA						78,546,836
FRANCE	3.0	%
RAILWAYS	0.7	%
Getlink SE				1,079,657		16,866,008
TOLL ROADS	1.6	%
Eiffage SA				234,317		23,681,684
Vinci SA				146,587		15,246,337
						38,928,021
UTILITIES	0.7	%
Engie SA				1,355,924		17,739,815
TOTAL FRANCE						73,533,844
GERMANY	2.5	%
COMMUNICATIONS—TOWERS	1.0	%
Vantage Towers AG				687,831		23,360,680
UTILITIES	1.5	%
E.ON SE				3,036,779		37,066,002
TOTAL GERMANY						60,426,682
HONG KONG	1.8	%
ELECTRIC	0.7	%
Power Assets Holdings Ltd.(c)				2,792,500		16,369,894
GAS DISTRIBUTION	1.1	%
Hong Kong and China Gas Co., Ltd.				18,061,050		27,288,328
TOTAL HONG KONG						43,658,222
INDIA	0.3	%
MARINE PORTS
Adani Ports & Special Economic Zone Ltd.				866,887		8,577,962
JAPAN	2.6	%
ELECTRIC	0.8	%
Kansai Electric Power Co., Inc./The				1,889,800		18,312,494

2

			Shares/Units		Value
RAILWAYS	1.8	%
East Japan Railway Co.(c)				92,000	$	6,501,927
West Japan Railway Co.(c)				768,000		38,605,097
						45,107,024
TOTAL JAPAN						63,419,518
MEXICO	1.9	%
AIRPORTS
Grupo Aeroportuario del Pacifico SAB de CV, Class B(a)				3,989,675		46,388,198
NEW ZEALAND	1.5	%
AIRPORTS
Auckland International Airport Ltd.(a),(c)				6,665,359		35,828,698
SPAIN	4.8	%
AIRPORTS	3.2	%
Aena SME SA, 144A(a),(d)				459,601		79,484,151
COMMUNICATIONS	1.6	%
Cellnex Telecom SA, 144A(d)				638,762		39,437,198
TOTAL SPAIN						118,921,349
THAILAND	1.0	%
AIRPORTS
Airports of Thailand PCL				14,404,500		25,813,943
UNITED KINGDOM	2.8	%
ELECTRIC	1.9	%
National Grid PLC				3,889,986		46,351,969
REAL ESTATE—DIVERSIFIED	0.0	%
LondonMetric Property PLC				340		1,093
UTILIITIES—WATER	0.9	%
Pennon Group PLC				1,436,082		21,890,011
TOTAL UNITED KINGDOM						68,243,073
UNITED STATES	69.7	%
COMMUNICATIONS—TOWERS	9.7	%
American Tower Corp.(c),(e)				530,251		140,733,918
Crown Castle International Corp.(c),(e)				327,843		56,821,749
SBA Communications Corp.(c),(e)				122,971		40,650,523
						238,206,190
ELECTRIC	33.3	%
Alliant Energy Corp.(c),(e)				1,237,831		69,293,779
CenterPoint Energy, Inc.(c),(e),(f)				1,821,518		44,809,343

3

			Shares/Units		Value
CMS Energy Corp.(c),(e)				718,514	$	42,916,841
Duke Energy Corp.(c)				798,996		77,974,020
Edison International(c),(e)				294,584		16,340,575
Entergy Corp.(c),(e),(f)				390,699		38,800,318
Evergy, Inc.(c)				800,959		49,819,650
FirstEnergy Corp.(c),(e)				2,218,415		79,019,942
NextEra Energy, Inc.(c),(e)				2,637,607		207,104,902
Portland General Electric Co.(c),(e)				588,018		27,630,966
PPL Corp.(c),(e)				1,172,275		32,683,027
Public Service Enterprise Group, Inc.(c),(e)				916,946		55,842,011
Southern Co./The(c)				1,241,054		76,908,116
						819,143,490
ENVIRONMENTAL SERVICES	1.1	%
Waste Management, Inc.(c),(e)				173,624		25,932,481
FINANCIAL—DIVERSIFIED FINANCIAL SERVICES	0.9	%
Rice Acquisition Corp. II(a)				731,336		7,532,761
Zimmer Energy Transition Acquisition Corp.(a)				1,452,434		14,502,553
						22,035,314
FOOD	0.3	%
Benson Hill, Inc. (Unregistered)(a),(g),(h)				962,500		6,660,500
GAS DISTRIBUTION	3.6	%
NiSource, Inc.(c)				1,172,724		28,415,103
Sempra Energy (MXN)				68,928		8,863,416
Sempra Energy(c)				217,200		27,475,800
Southwest Gas Holdings, Inc.(f)				350,589		23,447,392
						88,201,711
PIPELINES	10.1	%
PIPELINES—C-CORP	7.4	%
Cheniere Energy, Inc.(a),(c),(e)				765,946		74,809,946
DT Midstream, Inc.				954,218		44,123,040
ONEOK, Inc.(c),(e)				1,068,562		61,965,910
						180,898,896
PIPELINES—MLP	2.7	%
Crestwood Equity Partners LP (Unregistered)				368,685		10,463,280
Energy Transfer LP				1,200,000		11,496,000
Enterprise Products Partners LP(c)				632,713		13,691,909
Magellan Midstream Partners LP(c)				359,125		16,368,918

4

			Shares/Units		Value
MPLX LP(c)				514,959	$	14,660,883
						66,680,990
TOTAL PIPELINES						247,579,886
RAILWAYS	3.7	%
Norfolk Southern Corp.(c),(e)				380,936		91,138,938
REAL ESTATE—DATA CENTERS	1.2	%
CyrusOne, Inc.(c),(e)				398,229		30,826,907
RENEWABLE ENERGY	1.9	%
Clearway Energy, Inc.(c)				1,075,303		32,549,422
Stem, Inc.(a)				637,750		15,235,847
						47,785,269
UTILITIES—WATER	3.9	%
American Water Works Co., Inc.(c),(e)				341,588		57,742,036
Essential Utilities, Inc.(c),(e),(f)				851,424		39,233,618
						96,975,654
TOTAL UNITED STATES						1,714,486,340
TOTAL COMMON STOCK (Identified cost—$2,308,035,740)						2,933,550,380
PREFERRED SECURITIES—$25 PAR VALUE	4.5	%
BERMUDA	0.0	%
REINSURANCE
RenaissanceRe Holdings Ltd., 5.75%, Series F (USD)(i)				7,000		189,560
CANADA	0.2	%
FINANCIAL	0.1	%
Brookfield BRP Holdings Canada, Inc., 4.625% (USD)(i)				100,000		2,578,000
UTILITIES	0.1	%
Algonquin Power & Utilities Corp., 6.875% to 10/17/23, due 10/17/78 (USD)(j)				29,567		813,980
Algonquin Power & Utilities Corp., 6.20% to 7/1/24, due 7/1/79, Series 19-A (USD)(j)				65,127		1,802,715
						2,616,695
TOTAL CANADA						5,194,695
NETHERLANDS	0.2	%
INSURANCE
AEGON Funding Co. LLC, 5.10%, due 12/15/49 (USD)(c)				132,100		3,495,366

5

			Shares/Units		Value
UNITED STATES	4.1	%
BANKS	0.9	%
Bank of America Corp., 6.00%, Series GG(i)				54,185	$	1,461,911
Capital One Financial Corp., 6.00%, Series H(i)				37,407		946,023
Citizens Financial Group, Inc., 5.00%, Series E(i)				58,500		1,546,155
First Republic Bank/CA, 4.00%, Series M(i)				83,200		2,023,424
JPMorgan Chase & Co., 4.20%, Series MM(i)				105,200		2,656,300
New York Community Bancorp, Inc., 6.375% to 3/17/27, Series A(c),(i),(j)				58,930		1,687,755
Regions Financial Corp., 5.70% to 5/15/29, Series C(c),(i),(j)				140,630		3,996,705
Wells Fargo & Co., 5.85% to 9/15/23, Series Q(c),(i),(j)				82,114		2,245,818
Wells Fargo & Co., 4.75%, Series Z(c),(i)				206,575		5,410,199
						21,974,290
ELECTRIC	0.9	%
CMS Energy Corp., 5.875%, due 3/1/79(c)				99,975		2,700,325
Duke Energy Corp., 5.75%, Series A(c),(e),(i)				181,350		5,023,395
Integrys Holding, Inc., 6.00% to 8/1/23, due 8/1/73(c),(j)				174,388		4,671,854
NextEra Energy Capital Holdings, Inc., 5.65%, due 3/1/79, Series N(c)				55,742		1,556,317
Southern Co./The, 5.25%, due 12/1/77(c)				99,672		2,611,406
Southern Co./The, 4.95%, due 1/30/80, Series 2020(c)				230,000		6,083,500
						22,646,797
FINANCIAL	0.7	%
DIVERSIFIED FINANCIAL SERVICES	0.3	%
Apollo Global Management, Inc., 6.375%, Series A(i)				57,982		1,487,818
Carlyle Finance LLC, 4.625%, due 5/15/61				70,000		1,793,400
National Rural Utilities Cooperative Finance Corp., 5.50%, due 5/15/64, Series US(c)				90,000		2,466,900
Synchrony Financial, 5.625%, Series A(i)				114,545		3,053,770
						8,801,888
INVESTMENT BANKER/BROKER	0.4	%
Charles Schwab Corp./The, 4.45%, Series J(i)				92,400		2,420,880
Morgan Stanley, 6.375% to 10/15/24, Series I(c),(i),(j)				178,969		5,109,565
Morgan Stanley, 5.85% to 4/15/27, Series K(c),(i),(j)				55,519		1,645,028
						9,175,473
TOTAL FINANCIAL						17,977,361
INDUSTRIALS—CHEMICALS	0.3	%
CHS, Inc., 7.10% to 3/31/24, Series 2(c),(i),(j)				135,283		3,797,394

6

			Shares/Units		Value
CHS, Inc., 6.75% to 9/30/24, Series 3(c),(i),(j)				137,935	$	3,878,732
						7,676,126
INSURANCE	0.6	%
LIFE/HEALTH INSURANCE	0.3	%
Athene Holding Ltd., 6.35% to 6/30/29, Series A(c),(e),(i),(j)				115,223		3,417,514
Equitable Holdings, Inc., 5.25%, Series A(i)				52,000		1,405,560
MetLife, Inc., 4.75%, Series F(i)				68,800		1,841,776
Voya Financial, Inc., 5.35% to 9/15/29, Series B(i),(j)				67,375		1,991,605
						8,656,455
MULTI-LINE	0.2	%
Allstate Corp./The, 5.10%, Series H(c),(i)				146,650		4,015,277
American International Group, Inc., 5.85%, Series A(i)				1,077		29,273
						4,044,550
PROPERTY CASUALTY	0.1	%
Enstar Group Ltd., 7.00% to 9/1/28, Series D(i),(j)				77,050		2,256,794
TOTAL INSURANCE						14,957,799
INTEGRATED TELECOMMUNICATIONS SERVICES	0.1	%
United States Cellular Corp., 5.50%, due 6/1/70				94,315		2,513,495
PIPELINES	0.2	%
Energy Transfer LP, 7.375% to 5/15/23, Series C(i),(j)				109,692		2,752,172
Energy Transfer LP, 7.625% to 8/15/23, Series D(i),(j)				89,991		2,254,275
Energy Transfer LP, 7.60% to 5/15/24, Series E(i),(j)				25,586		648,861
						5,655,308
REAL ESTATE—REINSURANCE	0.1	%
Arch Capital Group Ltd., 5.45%, Series F(c),(i)				80,000		2,060,000
UTILITIES	0.3	%
NiSource, Inc., 6.50% to 3/15/24, Series B(c),(i),(j)				30,015		823,611
South Jersey Industries, Inc., 5.625%, due 9/16/79				92,998		2,477,467
Spire, Inc., 5.90%, Series A(c),(i)				101,071		2,757,217
						6,058,295
TOTAL UNITED STATES						101,519,471
TOTAL PREFERRED SECURITIES—$25 PAR VALUE (Identified cost—$102,378,742)						110,399,092

7

			Principal Amount		Value
PREFERRED SECURITIES—CAPITAL SECURITIES	13.7	%
AUSTRALIA	0.3	%
INSURANCE-PROPERTY CASUALTY
QBE Insurance Group Ltd., 5.875% to 6/17/26, due 6/17/46, Series EMTN (USD)(j),(k)			$	1,800,000	$	2,036,070
QBE Insurance Group Ltd., 6.75% to 12/2/24, due 12/2/44 (USD)(j),(k)				5,155,000		5,853,889
TOTAL AUSTRALIA						7,889,959
CANADA	1.5	%
ELECTRIC	0.4	%
Emera, Inc., 6.75% to 6/15/26, due 6/15/76, Series 16-A (USD)(c),(e),(j)				8,000,000		9,526,040
PIPELINES	1.1	%
Enbridge, Inc., 5.75% to 4/15/30, due 7/15/80, Series 20-A (USD)(j)				5,580,000		6,319,071
Enbridge, Inc., 6.00% to 1/15/27, due 1/15/77, Series 16-A (USD)(c),(j)				4,155,000		4,604,965
Enbridge, Inc., 6.25% to 3/1/28, due 3/1/78 (USD)(c),(j)				3,413,000		3,806,262
Transcanada Trust, 5.50% to 9/15/29, due 9/15/79 (USD)(c),(j)				5,008,000		5,540,100
Transcanada Trust, 5.875% to 8/15/26, due 8/15/76, Series 16-A (USD)(c),(j)				5,765,000		6,471,213
						26,741,611
TOTAL CANADA						36,267,651
FINLAND	0.1	%
BANKS
Nordea Bank Abp, 6.625% to 3/26/26, 144A (USD)(c),(d),(i),(j),(l)				1,400,000		1,610,301
FRANCE	1.2	%
BANKS	1.1	%
BNP Paribas SA, 6.625% to 3/25/24, 144A (USD)(c),(d),(i),(j),(l)				3,660,000		3,974,577
BNP Paribas SA, 7.00% to 8/16/28, 144A (USD)(c),(d),(i),(j),(l)				1,000,000		1,194,815
BNP Paribas SA, 7.375% to 8/19/25, 144A (USD)(c),(d),(i),(j),(l)				3,600,000		4,178,502
Credit Agricole SA, 6.875% to 9/23/24, 144A (USD)(c),(d),(i),(j),(l)				2,600,000		2,897,050
Credit Agricole SA, 7.875% to 1/23/24, 144A (USD)(c),(d),(i),(j),(l)				400,000		446,592
Credit Agricole SA, 8.125% to 12/23/25, 144A (USD)(c),(d),(i),(j),(l)				3,550,000		4,296,345
Societe Generale SA, 6.75% to 4/6/28, 144A (USD)(c),(d),(i),(j),(l)				3,400,000		3,831,392
Societe Generale SA, 7.875% to 12/18/23, 144A (USD)(d),(i),(j),(l)				3,600,000		3,976,164

8

			Principal Amount		Value
Societe Generale SA, 8.00% to 9/29/25, 144A (USD)(c),(d),(i),(j),(l)			$	1,800,000	$	2,108,709
						26,904,146
INSURANCE—MULTI-LINE	0.1	%
AXA SA, 6.379% to 12/14/36, 144A (USD)(c),(d),(i),(j)				1,600,000		2,240,184
TOTAL FRANCE						29,144,330
HONG KONG	0.1	%
BANKS
Bank of China Hong Kong Ltd., 5.90% to 9/14/23, 144A (USD)(c),(d),(i),(j)				2,200,000		2,359,337
ITALY	0.1	%
BANKS
Intesa Sanpaolo SpA, 7.70% to 9/17/25, 144A (USD)(c),(d),(i),(j),(l)				2,900,000		3,283,931
JAPAN	0.3	%
INSURANCE—LIFE/HEALTH INSURANCE
Dai-ichi Life Insurance Co., Ltd./The, 5.10% to 10/28/24, 144A (USD)(c),(d),(i),(j)				2,000,000		2,195,000
Nippon Life Insurance Co., 5.10% to 10/16/24, due 10/16/44, 144A (USD)(c),(d),(j)				5,000,000		5,499,850
TOTAL JAPAN						7,694,850
NETHERLANDS	0.2	%
BANKS
ING Groep N.V., 5.75% to 11/16/26 (USD)(c),(i),(j),(l)				1,800,000		1,971,387
ING Groep N.V., 6.75% to 4/16/24 (USD) (i),(j),(k),(l)				3,000,000		3,273,750
TOTAL NETHERLANDS						5,245,137
NORWAY	0.1	%
BANKS
DNB Bank ASA, 6.50% to 3/26/22 (USD)(i),(j),(k),(l)				3,000,000		3,071,268
SPAIN	0.3	%
BANKS
Banco Bilbao Vizcaya Argentaria SA, 6.50% to 3/5/25, Series 9 (USD)(c),(i),(j),(l)				3,800,000		4,142,000
Banco Santander SA, 4.75% to 11/12/26 (USD)(i),(j),(l)				2,800,000		2,858,996
						7,000,996
SWITZERLAND	1.0	%
BANKS
Credit Suisse Group AG, 5.25% to 2/11/27, 144A (USD)(d),(i),(j),(l)				1,600,000		1,678,000

9

			Principal Amount			Value
Credit Suisse Group AG, 6.375% to 8/21/26, 144A (USD)(c),(d),(i),(j),(l)			$	3,000,000		$	3,300,000
Credit Suisse Group AG, 7.125% to 7/29/22(USD)(i),(j),(k),(l )				2,600,000			2,702,024
Credit Suisse Group AG, 7.25% to 9/12/25, 144A (USD)(c),(d),(i),(j),(l)				1,400,000			1,552,040
Credit Suisse Group AG, 7.50% to 7/17/23, 144A (USD)(c),(d),(i),(j),(l)				4,800,000			5,144,400
Credit Suisse Group AG, 7.50% to 12/11/23, 144A (USD)(c),(d),(i),(j),(l)				400,000			437,919
UBS Group AG, 6.875% to 8/7/25 (USD)(i),(j),(k),(l)				3,200,000			3,638,000
UBS Group AG, 7.00% to 1/31/24, 144A (USD)(c),(d),(i),(j),(l)				4,600,000			5,021,613
TOTAL SWITZERLAND							23,473,996
UNITED KINGDOM	1.8	%
BANKS	1.4	%
Barclays PLC, 7.875% to 3/15/22 (USD)(i),(j),(k),(l)				3,800,000			3,894,924
Barclays PLC, 8.00% to 6/15/24 (USD)(c),(i),(j),(l)				2,200,000			2,486,011
HSBC Capital Funding Dollar 1 LP, 10.176% to 6/30/30, 144A (USD)(c),(d),(e),(i),(j)				7,270,000			11,997,681
HSBC Holdings PLC, 6.375% to 3/30/25 (USD)(c),(i),(j),(l)				1,600,000			1,748,472
HSBC Holdings PLC, 6.50% to 3/23/28 (USD)(c),(i),(j),(l)				2,800,000			3,159,338
Lloyds Banking Group PLC, 7.50% to 6/27/24 (USD)(c),(i),(j),(l)				3,534,000			3,958,080
Lloyds Banking Group PLC, 7.50% to 9/27/25 (USD)(c),(i),(j),(l)				1,800,000			2,088,925
Natwest Group PLC, 8.00% to 8/10/25 (USD)(c),(i),(j),(l)				3,600,000			4,257,234
Standard Chartered PLC, 4.75% to 1/14/31, 144A (USD)(d),(i),(j),(l)				1,400,000			1,413,125
Standard Chartered PLC, 7.75% to 4/2/23, 144A (USD)(d),(i),(j),(l)				600,000			646,794
							35,650,584
INTEGRATED TELECOMMUNICATIONS SERVICES	0.2	%
Vodafone Group PLC, 4.125% to 3/4/31, due 6/4/81 (USD)(j)				2,500,000			2,533,462
Vodafone Group PLC, 7.00% to 1/4/29, due 4/4/79 (USD)(c),(j)				2,600,000			3,182,605
							5,716,067
OIL & GAS	0.2	%
BP Capital Markets PLC, 4.875% to 3/22/30 (USD)(c),(i),(j)				3,550,000			3,911,248
TOTAL UNITED KINGDOM							45,277,899
UNITED STATES	6.7	%
BANKS	4.2	%
AgriBank FCB, 6.875% to 1/1/24(c),(i),(j)				37,000	†		4,005,250

10

			Principal Amount			Value
Ally Financial, Inc., 4.70% to 5/15/28, Series C(i),(j)			$	2,000,000		$	2,095,000
Bank of America Corp., 5.875% to 3/15/28, Series FF(c),(i),(j)				3,682,000			4,207,053
Bank of America Corp., 6.10% to 3/17/25, Series AA(c),(i),(j)				4,886,000			5,451,921
Bank of America Corp., 6.25% to 9/5/24, Series X(c),(i),(j)				4,700,000			5,172,937
Bank of America Corp., 6.50% to 10/23/24, Series Z(c),(i),(j)				3,806,000			4,268,429
Citigroup, Inc., 3.875% to 2/18/26(i),(j)				1,500,000			1,535,625
Citigroup, Inc., 5.00% to 9/12/24, Series U(c),(i),(j)				4,079,000			4,270,611
Citigroup, Inc., 5.90% to 2/15/23(c),(i),(j)				5,675,000			5,930,375
Citigroup, Inc., 5.95% to 5/15/25, Series P(c),(i),(j)				6,000,000			6,562,500
Citigroup, Inc., 6.25% to 8/15/26, Series T(c),(i),(j)				4,850,000			5,627,018
Citizens Financial Group, Inc., 5.65% to 10/6/25, Series F(c),(i),(j)				2,000,000			2,252,600
Citizens Financial Group, Inc., 6.375% to 4/6/24, Series C(c),(i),(j)				1,200,000			1,285,320
CoBank ACB, 6.25% to 10/1/22, Series F(c),(i),(j)				52,500	†		5,486,250
CoBank ACB, 6.25% to 10/1/26, Series I(c),(i),(j)				2,866,000			3,290,827
Comerica, Inc., 5.625% to 7/1/25(i),(j)				1,997,000			2,204,189
Farm Credit Bank of Texas, 6.75% to 9/15/23, 144A(c),(d),(i),(j)				35,300	†		3,812,400
Goldman Sachs Group, Inc./The, 5.30% to 11/10/26, Series O(c),(i),(j)				1,645,000			1,818,054
Huntington Bancshares, Inc., 4.45% to 10/15/27, Series G(i),(j)				1,000,000			1,079,000
Huntington Bancshares, Inc., 5.625% to 7/15/30, Series F(i),(j)				1,105,000			1,299,646
JPMorgan Chase & Co., 3.65% to 6/1/26, Series KK(i),(j)				4,075,000			4,100,469
JPMorgan Chase & Co., 5.00% to 8/1/24, Series FF(i),(j)				1,537,000			1,605,204
JPMorgan Chase & Co., 6.10% to 10/1/24, Series X(c),(i),(j)				2,500,000			2,718,563
JPMorgan Chase & Co., 6.125% to 4/30/24, Series U(i),(j)				636,000			687,675
JPMorgan Chase & Co., 6.75% to 2/1/24, Series S(c),(i),(j)				2,790,000			3,063,769
SVB Financial Group, 4.00% to 5/15/26, Series C(i),(j)				2,980,000			3,058,225
Truist Financial Corp., 4.80% to 9/1/24, Series N(c),(e),(i),(j)				1,810,000			1,913,767
Truist Financial Corp., 5.10% to 3/1/30, Series Q(i),(j)				2,623,000			3,021,696
Truist Financial Corp., 5.125% to 12/15/27, Series M(i),(j)				500,000			540,000
Wells Fargo & Co., 3.90% to 3/15/26, Series BB(i),(j)				3,500,000			3,611,563
Wells Fargo & Co., 5.875% to 6/15/25, Series U(c),(i),(j)				2,891,000			3,229,276
Wells Fargo & Co., 5.95%, due 12/1/86(c)				2,830,000	†		3,904,487
							103,109,699
ELECTRIC	0.2	%
CenterPoint Energy, Inc., 6.125% to 9/1/23, Series A(c),(i),(j)				1,960,000			2,078,825
Duke Energy Corp., 4.875% to 9/16/24(c),(i),(j)				3,580,000			3,835,075
							5,913,900

11

			Principal Amount			Value
FINANCIAL—INVESTMENT BANKER/BROKER	0.4	%
Charles Schwab Corp./The, 4.00% to 6/1/26, Series I(i),(j)			$	5,000,000		$	5,225,000
Charles Schwab Corp./The, 5.375% to 6/1/25, Series G(i),(j)				2,936,000			3,269,970
							8,494,970
FOOD	0.3	%
Dairy Farmers of America, Inc., 7.875%, 144A(d),(h),(i)				60,000	†		6,030,000
INFRASTRUCTURE	0.2	%
ELECTRIC	0.1	%
CMS Energy Corp., 4.75% to 3/1/30, due 6/1/50(c),(j)				1,525,000			1,719,300
GAS—DISTRIBUTION	0.1	%
Sempra Energy, 4.875% to 10/15/25(i),(j)				3,780,000			4,110,750
TOTAL INFRASTRUCTURE							5,830,050
INSURANCE	1.2	%
LIFE/HEALTH INSURANCE	0.8	%
MetLife Capital Trust IV, 7.875%, due 12/15/37, 144A (TruPS)(c),(d)				4,500,000			6,265,845
MetLife, Inc., 5.875% to 3/15/28, Series D(c),(i),(j)				2,530,000			2,977,954
MetLife, Inc., 9.25%, due 4/8/68, 144A(c),(d),(e)				6,500,000			9,904,574
Voya Financial, Inc., 5.65% to 5/15/23, due 5/15/53(c),(j)				500,000			528,068
Voya Financial, Inc., 6.125% to 9/15/23, Series A(c),(i),(j)				1,310,000			1,403,796
							21,080,237
MULTI-LINE	0.1	%
American International Group, Inc., 8.175% to 5/15/38, due 5/15/68(c),(j)				925,000			1,370,614
PROPERTY CASUALTY	0.2	%
Assurant, Inc., 7.00% to 3/27/28, due 3/27/48(c),(j)				3,200,000			3,744,386
Liberty Mutual Group, Inc., 7.80%, due 3/7/87, 144A(c),(d)				1,680,000			2,261,804
							6,006,190
REINSURANCE	0.1	%
AXIS Specialty Finance LLC, 4.90% to 1/15/30, due 1/15/40(c),(j)				1,760,000			1,878,319
TOTAL INSURANCE							30,335,360
PIPELINES	0.1	%
Energy Transfer LP, 7.125% to 5/15/30, Series G(i),(j)				2,247,000			2,362,159
UTILITIES	0.1	%
NextEra Energy Capital Holdings, Inc., 5.65% to 5/1/29, due 5/1/79(c),(j)				2,870,000			3,369,782

12

			Value
TOTAL UNITED STATES			$	165,445,920
TOTAL PREFERRED SECURITIES—CAPITAL SECURITIES (Identified cost—$300,972,663)				337,765,575
TOTAL INVESTMENTS IN SECURITIES (Identified cost—$2,711,387,145)	137.5	%		3,381,715,047
WRITTEN OPTION CONTRACTS	(0.1	)		(1,637,296	)
LIABILITIES IN EXCESS OF OTHER ASSETS	(37.4	)		(919,754,532	)
NET ASSETS (Equivalent to $26.09 per share based on 94,312,394 shares of common stock outstanding)	100.0	%	$	2,460,323,219

Exchange-Traded Option Contracts

Written Options
Description	Exercise Price		Expiration Date		Number of Contracts			Notional Amount(m)			Premiums Received			Value
Call—Cheniere Energy, Inc.	$	97.50		10/15/21		(1,183	)	$	(11,554,361	)	$	(81,528	)	$	(378,560	)
Call—Enterprise Products Partners LP		22.50		10/15/21		(3,000	)		(6,492,000	)		(74,709	)		(36,000	)
Call—Oneok, Inc.		57.50		10/15/21		(2,466	)		(14,300,334	)		(100,038	)		(471,006	)
Put—Duke Energy Corp.		100.00		10/15/21		(1,304	)		(12,725,736	)		(128,529	)		(358,600	)
Put—Pinnacle West Capital Corp.		70.00		10/15/21		(1,400	)		(10,130,400	)		(60,424	)		(77,000	)
Put—Sempra Energy		125.00		10/15/21		(803	)		(10,157,950	)		(128,532	)		(88,330	)
Put—Union Pacific Corp.		185.00		11/19/21		(680	)		(13,328,680	)		(168,344	)		(227,800	)
						(10,836	)	$	(78,689,461	)	$	(742,104	)	$	(1,637,296	)

13

Centrally Cleared Interest Rate Swap Contracts

Notional Amount		Fixed Rate Payable			Fixed Payment Frequency	Floating Rate (resets monthly) Receivable			Floating Payment Frequency	Maturity Date	Value			Upfront Receipts (Payments)			Unrealized Appreciation (Depreciation)
	$255,000,000		0.670%	(n)	Monthly		1 Month LIBOR	(n)	Monthly	9/15/25	$	1,526,282		$	—		$	1,526,282
	212,500,000		1.240%		Monthly		0.089%	(o)	Monthly	2/3/26		(3,618,236	)		(76,076	)		(3,694,312	)
	85,000,000		0.898%		Monthly		0.086%	(o)	Monthly	5/1/26		(22,969	)		—			(22,969	)
	255,000,000		1.237%	(n)	Monthly		1 Month LIBOR	(n)	Monthly	9/15/27		1,535,495			—			1,535,495
											$	(579,428	)	$	(76,076	)	$	(655,504	)

Glossary of Portfolio Abbreviations

EMTN	Euro Medium Term Note
LIBOR	London Interbank Offered Rate
MLP	Master Limited Partnership
MXN	Mexican Peso
TruPS	Trust Preferred Securities
USD	United States Dollar

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

† Represents shares.

(a) Non-income producing security.

(b) Stapled security – consists of unit of a trust and a share of the company which cannot be sold separately.

(c) All or a portion of the security is pledged as collateral in connection with the Fund’s revolving credit agreement. $1,934,859,435 in aggregate has been pledged as collateral.

(d) 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 $256,869,075 which represents 10.4% of the net assets of the Fund, of which 0.0% are illiquid.

(e) A portion of the security has been rehypothecated in connection with the Fund’s revolving credit agreement. $839,906,711 in aggregate has been rehypothecated.

(f) All or a portion of the security is pledged in connection with written option contracts. $29,653,841 in aggregate has been pledged as collateral.

(g) Restricted security. Aggregate holdings equal 0.3% of the net assets of the Fund. This security was acquired on September 29, 2021, at cost of $9,625,000.

14

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

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

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

(k) Securities exempt from registration under Regulation S of the Securities Act of 1933. These securities are subject to resale restrictions. Aggregate holdings amounted to $24,469,925 which represents 1.0% of the net assets of the Fund, of which 0.0% are illiquid.

(l) 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 $94,242,678 which represents 3.8% of the net assets of the Fund. (2.8% of the managed assets of the Fund).

(m) Represents the number of contracts multiplied by notional contract size multiplied by the underlying price.

(n) Represents two forward-starting interest rate swap contracts with interest receipts and payments commencing on December 24, 2021 and December 24, 2022, respectively (effective dates).

(o) Based on 1 month LIBOR. Represents rates in effect at September 30, 2021.

Sector Summary	% of Managed Assets
Electric		29.9
Pipelines		14.4
Communications		8.8
Railways		8.0
Banks		6.8
Airports		6.3
Toll Roads		6.3
Utilities		5.7
Gas Distribution		4.3
Insurance		1.7
Renewable Energy		1.7
Financial		1.5
Real Estate		1.4
Environmental Services		0.8
Other		2.4
		100.0

15

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. 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, certain non-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 in open-end mutual funds are valued at net asset value (NAV).

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.

COHEN & STEERS INFRASTRUCTURE FUND, INC.

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

Foreign equity fair value pricing procedures utilized by the Fund may cause certain non-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)

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 September 30, 2021 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	$	194,411,492	$	—	$	194,411,492	$	—
China		78,546,836		7,184,786		71,362,050		—
France		73,533,844		—		73,533,844		—
Germany		60,426,682		23,360,680		37,066,002		—
Hong Kong		43,658,222		—		43,658,222		—
India		8,577,962		—		8,577,962		—
Japan		63,419,518		—		63,419,518		—
New Zealand		35,828,698		—		35,828,698		—
Thailand		25,813,943		—		25,813,943		—
United Kingdom		68,243,073		—		68,243,073		—
United States		1,714,486,340		1,693,323,287		14,502,553		6,660,500	(a)
Other Countries		566,603,770		566,603,770		—		—
Preferred Securities—$25 Par Value:
United States		101,519,471		96,847,617		4,671,854		—
Other Countries		8,879,621		8,879,621		—		—

COHEN & STEERS INFRASTRUCTURE FUND, INC.

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

	Total			Quoted Prices in Active Markets for Identical Investments (Level  1)			Other Significant Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
Preferred Securities—Capital Securities:
United States	$	165,445,920		$	—		$	159,415,920		$	6,030,000	(b)
Other Countries		172,319,655			—			172,319,655			—
Total Investments in Securities(c)	$	3,381,715,047		$	2,396,199,761		$	972,824,786		$	12,690,500
Interest Rate Swap Contracts	$	3,061,777		$	—		$	3,061,777		$	—
Total Derivative Assets(c)	$	3,061,777		$	—		$	3,061,777		$	—
Interest Rate Swap Contracts	$	(3,717,281	)	$	—		$	(3,717,281	)	$	—
Written Option Contracts		(1,637,296	)		(1,637,296	)		—			—
Total Derivative Liabilities(c)	$	(5,354,577	)	$	(1,637,296	)	$	(3,717,281	)	$	—

(a) Private placement in a public equity has been fair valued by the Valuation Committee at a discount to quoted market price to reflect limited liquidity, pursuant to the Fund’s fair value procedures and classified as a Level 3 security.

(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.

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

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

	Common Stock—Food			Preferred Securities—Capital Securities—United States—Food
Balance as of December 31, 2020	$	—		$	5,790,000
Purchases		9,625,000			—
Change in unrealized appreciation (depreciation)		(2,964,500	)		240,000
Balance as of September 30, 2021	$	6,660,500		$	6,030,000

The change in unrealized appreciation (depreciation) attributable to securities owned on September 30, 2021 which were valued using significant unobservable inputs (Level 3) amounted to $(2,724,500).

The following table summarizes the quantitative inputs and assumptions used for investments categorized in Level 3 of the fair value hierarchy.

	Fair Value at September 30, 2021		Valuation Technique	Unobservable Inputs	Amount	Valuation Impact from an Increase in Input(a)
Common Stock—Food	$	6,660,500	Market Price Less Discount	Liquidity Discount	4.03%	Decrease

(a) Represents the directional change in the fair value of the Level 3 investments that could have resulted from an increase in the corresponding input as of period end. A decrease to the unobservable input would have had the opposite effect. Significant changes in these inputs may result in a materially higher or lower fair value measurement.

COHEN & STEERS INFRASTRUCTURE FUND, INC.

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

Note 2. Derivative Investments

Option Contracts: 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 subsequently marked-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.

Centrally Cleared Interest Rate Swap Contracts: The Fund uses interest rate swaps in connection with borrowing under its 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 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 credit agreement, the accruals for which would begin at a specific date in the future (“the effective date”). 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 are marked-to-market daily and changes in the value are recorded as unrealized appreciation (depreciation).

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).

COHEN & STEERS INFRASTRUCTURE FUND, INC.

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

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.

Unfunded Subscription Agreement: The Fund entered into a subscription agreement with Star Peak Corp II (NYSE: STPC), a special purpose acquisition (SPAC) company to purchase $9.625 million of unregistered shares of Benson Hill, Inc. Among other closing conditions, the closing of the Fund’s subscription for the shares was conditioned upon the substantially concurrent consummation of the business combination of STPC and Benson Hill, Inc. This business combination required approval by shareholders of STPC. During September 2021, the subscription agreement was closed. At closing, the Fund delivered cash in the amount of the purchase price and received unregistered shares of Benson Hill, Inc. that will be registered within 90 days.

At September 30, 2021, the Fund did not have an unfunded subscription agreement outstanding.

The following summarizes the volume of the Fund’s option contracts, interest rate swap contracts and unfunded subscription agreement activity for the nine months ended September 30, 2021:

	Written Option Contracts(a)		Interest Rate Swap Contracts		Unfunded Subscription Agreement(b),(c)
Average Notional Amount	$	47,027,707	$	671,500,000	$	9,583,333

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

(b) Average notional amounts represent the average for all months in which the Fund had unfunded subscription agreement outstanding at month-end. For the period, this represents six months for unfunded subscription agreement.

(c) Notional amount is calculated using the number of shares multiplied by the subscription price.