CBRE Clarion Global Real Estate Income Fund

Portfolio of Investments (unaudited)

September 30, 2020

Shares			Market Value
		Real Estate Securities* - 131.0%
		Common Stock - 115.3%
		Australia - 4.6%
	3,326,810	Dexus	$	21,198,120
	2,506,274	Ingenia Communities Group		8,191,453
	3,452,945	Stockland		9,355,113
				38,744,686
		Belgium - 2.5%
	147,379	Shurgard Self Storage SA		6,429,055
	407,437	Warehouses De Pauw CVA		14,839,884
				21,268,939
		Canada - 2.6%
	644,975	Canadian Apartment Properties REIT		22,428,665
		Finland - 0.7%
	291,440	Kojamo OYJ		6,267,828
		Germany - 9.7%
	532,617	alstria office REIT-AG		7,407,443
	169,644	Deutsche Wohnen SE		8,492,455
	157,643	Grand City Properties SA		3,811,816
	170,355	LEG Immobilien AG		24,331,606
	566,173	Vonovia SE		38,892,612
				82,935,932
		Hong Kong - 7.3%
	3,098,500	Link REIT		25,187,807
	9,360,000	Sino Land Co. Ltd.		10,869,678
	1,641,000	Sun Hung Kai Properties Ltd.		20,920,103
	2,135,600	Swire Properties Ltd.		5,621,450
				62,599,038
		Ireland - 0.5%
	3,146,225	Hibernia REIT PLC		3,792,726
		Japan - 12.3%
	67	Activia Properties, Inc.		253,639
	8,213	AEON REIT Investment Corp.		9,424,754
	1,965	Kenedix Office Investment Corp.		11,712,167
	10,695	LaSalle Logiport REIT		17,857,093
	10,288	MCUBS MidCity Investment Corp.		7,906,347
	1,429,800	Mitsui Fudosan Co., Ltd.		24,746,799
	341,200	Nomura Real Estate Holdings, Inc.		6,447,008
	12,522	Orix JREIT, Inc.		19,139,568
	597,900	Tokyo Tatemono Co. Ltd.		7,269,077
				104,756,452
		Mexico - 1.6%
	6,890,088	Prologis Property Mexico SA de CV		13,314,662
		Singapore - 3.9%
	7,399,700	CapitaLand Ltd.		14,689,903
	3,992,100	CapitaLand Mall Trust		5,644,094
	5,740,800	Mapletree Commercial Trust		8,158,488

Shares			Market Value
		Singapore (continued)
	1,862,900	Mapletree Industrial Trust	$	4,380,565
				32,873,050
		Sweden - 0.7%
	265,536	Castellum AB		6,052,441
		United Kingdom - 3.3%
	527,315	Big Yellow Group PLC		7,089,812
	1,878,486	Grainger PLC		7,217,521
	1,154,019	Segro PLC		13,910,620
				28,217,953
		United States - 65.6%
	101,806	Alexandria Real Estate Equities, Inc.		16,288,960
	389,700	American Homes 4 Rent, Class A		11,098,656
	217,449	American Tower Corp. (a)		52,563,947
	276,700	Apartment Investment and Management Co., Class A		9,330,324
	58,105	AvalonBay Communities, Inc. (a)		8,677,401
	822,695	Brixmor Property Group, Inc.		9,617,305
	109,136	Camden Property Trust		9,710,921
	474,218	Columbia Property Trust, Inc.		5,173,718
	341,073	Crown Castle International Corp.		56,788,655
	696,178	CubeSmart		22,493,511
	201,997	CyrusOne, Inc.		14,145,850
	474,408	Duke Realty Corp.		17,505,655
	37,048	Equinix, Inc. (a)		28,161,296
	311,967	Equity Residential (a)		16,013,266
	109,087	Federal Realty Investment Trust (a)		8,011,349
	571,025	Healthcare Trust of America, Inc., Class A		14,846,650
	229,810	Healthpeak Properties, Inc.		6,239,342
	305,400	Highwoods Properties, Inc.		10,252,278
	409,223	Hudson Pacific Properties, Inc.		8,974,260
	832,375	Invitation Homes, Inc.		23,298,176
	161,728	Life Storage, Inc.		17,025,107
	488,152	MGM Growth Properties LLC, Class A		13,658,493
	535,392	Piedmont Office Realty Trust, Inc., Class A		7,265,269
	438,395	Prologis, Inc. (a)		44,111,305
	94,900	QTS Realty Trust, Inc., Class A		5,980,598
	343,213	Simon Property Group, Inc. (a)		22,199,017
	417,035	Spirit Realty Capital, Inc.		14,074,931
	453,821	STORE Capital Corp.		12,448,310
	316,527	Ventas, Inc.		13,281,473
	3,889,348	VEREIT, Inc.		25,280,762
	832,265	VICI Properties, Inc.		19,450,033
	284,524	Welltower, Inc.		15,674,427
				559,641,245
		Total Common Stock (cost $962,087,808)		982,893,617

See previously submitted notes to financial statements for the semi-annual period ended June 30, 2020.

CBRE Clarion Global Real Estate Income Fund

Portfolio of Investments (unaudited) continued

September 30, 2020

Shares			Market Value
		Preferred Stock - 15.7%
		United States - 15.7%
	525,265	American Homes 4 Rent, Series D, 6.500%	$	13,299,710
	500,302	Digital Realty Trust, Inc., Series C, 6.625%		12,962,825
	245,403	Digital Realty Trust, Inc., Series J, 5.250%		6,503,180
	301,100	Digital Realty Trust, Inc., Series L, 5.200%		8,183,898
	282,200	Federal Realty Investment Trust, Series C, 5.000%		7,582,714
	405,900	National Storage Affiliates Trust, Series A, 6.000%		10,752,291
	550,000	Pebblebrook Hotel Trust, Series D, 6.375%		12,369,500
	376,619	Pebblebrook Hotel Trust, Series E, 6.375%		8,460,746
	500,000	Pebblebrook Hotel Trust, Series F, 6.300%		11,355,000
	143,517	Rexford Industrial Realty, Inc., Series B, 5.875%		3,857,737
	150,000	STAG Industrial, Inc., Series C, 6.875%		3,868,500
	225,000	Summit Hotel Properties, Inc., Series D, 6.450%		5,062,500
	287,077	Summit Hotel Properties, Inc., Series E, 6.250%		6,401,817
	475,700	Sunstone Hotel Investors, Inc., Series E, 6.950%		11,849,687
	379,377	Sunstone Hotel Investors, Inc., Series F, 6.450%		9,298,530
	120,000	Taubman Centers, Inc., Series K, 6.250%		2,572,800
		Total Preferred Stock (cost $139,585,242)		134,381,435
		Total Investments - 131.0% (cost $1,101,673,050)		1,117,275,052
		Liabilities in Excess of Other Assets - (31.0)%		(264,644,302	)
		Net Assets - 100.0%	$	852,630,750

Number of   Contracts			Notional Amount	Market   Value
		Written Call Options -  (0.0)%(b)
		United States - (0.0)%(b)
	(500)	American Tower Corp. Expires 10/16/2020 Strike Price $270.00	(50,000)	$	(6,500)
	(230)	AvalonBay Communities, Inc. Expires 10/16/2020 Strike Price $175.00	(23,000)		(4,600)
	(215)	Equinix, Inc. Expires 10/16/2020 Strike Price $870.00	(21,500)		(107,500)
	(1,500)	Equity Residential Expires 10/16/2020 Strike Price $65.00	(150,000)		(15,000)
	(545)	Federal Realty Investment Trust Expires 10/16/2020 Strike Price $85.00	(54,500)		(5,450)
	(2,100)	Prologis, Inc. Expires 10/16/2020 Strike Price $110.00	(210,000)		(21,000)
	(1,200)	Simon Property Group, Inc. Expires 10/16/2020 Strike Price $95.00	(120,000)		(4,800)
		Total Written Call Options (Premiums Received $529,618)			$        (164,850)

* 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) A portion of the security has been pledged for open written option contracts. The aggregate market value of the collateral as of September 30, 2020 is $72,457,895.

(b) Rounds to less than 0.1%

See previously submitted notes to financial statements for the semi-annual period ended June 30, 2020.

CBRE Clarion Global Real Estate Income Fund

Portfolio of Investments (unaudited) concluded

September 30, 2020

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 September 30, 2020.

Assets		Level 1			Level 2			Level 3		Total
Investments in Real Estate Securities
Common Stock
Australia	$	38,744,686		$	–		$	–	$	38,744,686
Belgium		21,268,939			–			–		21,268,939
Canada		22,428,665			–			–		22,428,665
Finland		6,267,828			–			–		6,267,828
Germany		82,935,932			–			–		82,935,932
Hong Kong		62,599,038			–			–		62,599,038
Ireland		3,792,726			–			–		3,792,726
Japan		104,756,452			–			–		104,756,452
Mexico		13,314,662			–			–		13,314,662
Singapore		32,873,050			–			–		32,873,050
Sweden		6,052,441			–			–		6,052,441
United Kingdom		28,217,953			–			–		28,217,953
United States		559,641,245			–			–		559,641,245
Total Common Stock		982,893,617			–			–		982,893,617
Preferred Stock
United States		125,082,905			9,298,530			–		134,381,435
Total Investment in Real Estate Securities	$	1,107,976,522		$	9,298,530		$	–	$	1,117,275,052
Liabilities
Other Financial Instruments
Written Call Options	$	(16,750	)	$	(148,100	)	$	–	$	(164,850	)
Total Liabilities	$	(16,750	)	$	(148,100	)	$	–	$	(164,850	)

See previously submitted notes to financial statements for the semi-annual period ended June 30, 2020.