NPORT-EX 2 260208CBRE093021.htm HTML

CBRE Clarion Global Real Estate Income Fund

(Effective October 7, 2021, the name of the Trust changed to CBRE Global Real Estate Income Fund)

Portfolio of Investments (unaudited)

September 30, 2021

 

 

 

     

 

   

 

 

  
    Shares               Market
Value		  

 

 

     

 

   

 

 

  
  

 

Real Estate Securities* - 126.1%

   
   Common Stock - 118.6%   
   Australia - 4.6%   
  1,178,512      Dexus    $ 9,194,023  
  665,063      Goodman Group      10,415,255  
  1,142,957      Ingenia Communities Group      5,482,085  
  5,758,871      Mirvac Group      12,438,166  
  9,803,058      Vicinity Centres      11,825,673  

 

 

     

 

   

 

 

  
     

 

 

 

49,355,202

 

 

     

 

 

  
   Belgium - 1.4%   
  147,379      Shurgard Self Storage SA      8,087,612  
  165,831      Warehouses De Pauw CVA      6,726,644  

 

 

     

 

   

 

 

  
     

 

 

 

14,814,256

 

 

     

 

 

  
   Canada - 2.4%   
  219,878      Boardwalk Real Estate Investment Trust      8,207,783  
  151,916      Canadian Apartment Properties REIT      7,088,254  
  818,500      H&R Real Estate Investment Trust      10,098,398  

 

 

     

 

   

 

 

  
     

 

 

 

25,394,435

 

 

     

 

 

  
   France - 0.6%   
  93,992      Unibail-Rodamco-Westfield (a)      6,930,256  

 

 

     

 

   

 

 

  
   Germany - 5.9%   
  293,937      ADLER Group SA      5,007,677  
  534,227      alstria office REIT-AG      9,726,727  
  157,643      Grand City Properties SA      3,935,365  
  172,977      LEG Immobilien SE      24,497,641  
  329,326      Vonovia SE      19,808,796  

 

 

     

 

   

 

 

  
     

 

 

 

62,976,206

 

 

     

 

 

  
   Hong Kong - 5.7%   
  3,140,000      Hang Lung Properties Ltd.      7,163,636  
  3,943,070      Link REIT      33,810,116  
  2,217,000      New World Development Co. Ltd.      9,070,601  
  4,382,000      Swire Properties Ltd.      10,987,859  

 

 

     

 

   

 

 

  
     

 

 

 

61,032,212

 

 

     

 

 

  
   Ireland - 0.8%   
  6,713,031      Hibernia REIT PLC      9,087,118  

 

 

     

 

   

 

 

  
   Japan - 10.7%   
  2,359      Activia Properties, Inc.      9,662,227  
  7,321      AEON REIT Investment Corp.      9,829,136  
  1,720      Kenedix Office Investment Corp.      11,823,796  
  4,112      Kenedix Residential Next Investment Corp.      8,004,718  
  10,619      LaSalle Logiport REIT      17,845,059  
  1,084,900      Mitsui Fudosan Co., Ltd.      25,937,448  
  530,600      Nomura Real Estate Holdings, Inc.      13,876,682  
  2,593      Sankei Real Estate, Inc.      2,835,277  
  2,426,392      Tokyu Fudosan Holdings Corp.      15,005,247  

 

 

     

 

   

 

 

  
     

 

 

 

114,819,590

 

 

     

 

 

  
   Mexico - 1.4%   
  6,890,088      Prologis Property Mexico SA de CV      14,957,674  

 

 

     

 

   

 

 

  

 

 

     

 

   

 

 

  
    Shares               Market
Value		  

 

 

     

 

   

 

 

  
  

 

Singapore - 4.3%

   
  9,381,444      CapitaLand China Trust    $ 8,568,791  
  7,572,912      CapitaLand Integrated Commercial Trust      11,323,668  
  4,481,800      Capitaland Investment Ltd. (a)      11,224,307  
  1,626,000      City Developments Ltd.      8,276,120  
  8,338,000      Keppel REIT      6,510,224  

 

 

     

 

   

 

 

  
     

 

 

 

45,903,110

 

 

     

 

 

  
   Sweden - 2.3%   
  507,495      Castellum AB      12,442,940  
  131,216      Catena AB      7,109,336  
  939,769      Samhallsbyggnadsbolaget i Norden AB      5,207,720  

 

 

     

 

   

 

 

  
     

 

 

 

24,759,996

 

 

     

 

 

  
   United Kingdom - 5.3%   
  438,333      Big Yellow Group PLC      8,244,819  
  543,069      Safestore Holdings PLC      7,681,274  
  1,523,388      Segro PLC      24,546,026  
  5,003,193      Target Healthcare REIT PLC      7,744,473  
  3,016,296      Tritax Big Box REIT PLC      8,646,493  

 

 

     

 

   

 

 

  
     

 

 

 

56,863,085

 

 

     

 

 

  
   United States - 73.2%   
  49,902      Alexandria Real Estate Equities, Inc.      9,534,775  
  305,332      American Tower Corp.      81,038,166  
  219,993      Apartment Income REIT Corp.      10,737,858  
  176,674      Camden Property Trust      26,054,115  
  241,817      Crown Castle International Corp.      41,911,722  
  613,743      CubeSmart      29,735,848  
  134,104      CyrusOne, Inc.      10,380,991  
  1,077,285      Duke Realty Corp.      51,569,633  
  12,038      Equinix, Inc.      9,511,585  
  56,143      Essex Property Trust, Inc.      17,951,163  
  250,385      Extra Space Storage, Inc.      42,062,176  
  615,723      Healthcare Trust of America, Inc., Class A      18,262,344  
  1,217,065      Host Hotels & Resorts, Inc. (a)      19,874,671  
  390,899      Hudson Pacific Properties, Inc.      10,268,917  
  1,141,244      Invitation Homes, Inc.      43,743,883  
  156,377      Life Storage, Inc.      17,942,697  
  382,200      National Retail Properties, Inc.      16,507,218  
  308,731      Pebblebrook Hotel Trust      6,918,662  
  696,892      Piedmont Office Realty Trust, Inc., Class A      12,146,828  
  437,044      Prologis, Inc.      54,818,429  
  271,200      Realty Income Corp.      17,590,032  
  251,712      Regency Centers Corp.      16,947,769  
  513,368      Simon Property Group, Inc.      66,722,439  
  731,143      SITE Centers Corp.      11,288,848  
  585,007      Spirit Realty Capital, Inc.      26,933,722  
  157,054      Sun Communities, Inc.      29,070,695  
  1,376,900      Sunstone Hotel Investors, Inc. (a)      16,440,186  
  388,800      UDR, Inc.      20,598,624  
  311,065      Ventas, Inc.      17,173,899  
  225,170      Welltower, Inc.      18,554,008  
  396,000      Weyerhaeuser Co.      14,085,720  

 

 

     

 

   

 

 

  
     

 

 

 

786,377,623

 

 

     

 

 

  
   Total Common Stock
(cost $1,142,450,768)		      1,273,270,763  

 

 

     

 

   

 

 

  
 

 

See previously submitted notes to financial statements for the semi-annual period ended June 30, 2021.

CBRE Clarion Global Real Estate Income Fund

(Effective October 7, 2021, the name of the Trust changed to CBRE Global Real Estate Income Fund)

Portfolio of Investments (unaudited) continued

September 30, 2021

 

 

 

     

 

   

 

 

 

Shares           Market
Value

 

 

     

 

   

 

 

 

  

 

Preferred Stock - 7.5%

   
   United States - 7.5%   
  245,403      Digital Realty Trust, Inc., Series J, 5.250%    $ 6,351,030  
  301,100      Digital Realty Trust, Inc., Series L, 5.200%      8,189,920  
  282,200      Federal Realty Investment Trust, Series C, 5.000%      7,187,634  
  405,900      National Storage Affiliates Trust, Series A, 6.000%      10,638,639  
  383,644      Pebblebrook Hotel Trust, Series E, 6.375%      9,441,479  
  541,950      Pebblebrook Hotel Trust, Series F, 6.300%      13,451,199  
  262,125      Pebblebrook Hotel Trust, Series G, 6.375%      6,697,294  
  143,517      Rexford Industrial Realty, Inc., Series B, 5.875%      3,758,710  
  287,077      Summit Hotel Properties, Inc., Series E, 6.250%      7,472,614  
  265,000      Sunstone Hotel Investors, Inc., Series H, 6.125%      6,852,900  

 

 

     

 

   

 

 

 

   Total Preferred Stock
(cost $74,816,008)		      80,041,419  

 

 

     

 

   

 

 

 

   Total Investments - 126.1%
(cost $1,217,266,776)		      1,353,312,182  

 

 

     

 

   

 

 

 

   Liabilities in Excess of Other Assets - (26.1)%      (279,855,353 ) 

 

 

     

 

   

 

 

 

   Net Assets - 100.0%    $   1,073,456,829  

 

 

     

 

   

 

 

 

 

*

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

(a)

Non-income producing security.

    

 

 

See previously submitted notes to financial statements for the semi-annual period ended June 30, 2021.

CBRE Clarion Global Real Estate Income Fund

(Effective October 7, 2021, the name of the Trust changed to CBRE Global Real Estate Income Fund)

Portfolio of Investments (unaudited) concluded

September 30, 2021

 

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, 2021.

 

Assets

      Level 1        Level 2        Level 3        Total  

 

Investments in Real Estate Securities

            

Common Stock

            

Australia

    $ 49,355,202      $ –      $ –      $ 49,355,202  

Belgium

      14,814,256        –        –        14,814,256  

Canada

      25,394,435        –        –        25,394,435  

France

      6,930,256        –        –        6,930,256  

Germany

      62,976,206        –        –        62,976,206  

Hong Kong

      61,032,212        –        –        61,032,212  

Ireland

      9,087,118        –        –        9,087,118  

Japan

      114,819,590        –        –        114,819,590  

Mexico

      14,957,674        –        –        14,957,674  

Singapore

      45,903,110        –        –        45,903,110  

Sweden

      24,759,996        –        –        24,759,996  

United Kingdom

      56,863,085        –        –        56,863,085  

United States

      786,377,623        –        –        786,377,623  

 

Total Common Stock

      1,273,270,763        –        –        1,273,270,763    

Preferred Stock

            

United States

      80,041,419        –        –        80,041,419  

 

Total Investment in Real Estate Securities

    $         1,353,312,182      $                     –      $                     –      $     1,353,312,182  

 

See previously submitted notes to financial statements for the semi-annual period ended June 30, 2021.