0001752724-22-129711.txt : 20220531 0001752724-22-129711.hdr.sgml : 20220531 20220531102812 ACCESSION NUMBER: 0001752724-22-129711 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20220331 FILED AS OF DATE: 20220531 PERIOD START: 20221231 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Cohen & Steers International Realty Fund, Inc. CENTRAL INDEX KEY: 0001309161 IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-21677 FILM NUMBER: 22981190 BUSINESS ADDRESS: STREET 1: 280 PARK AVENUE STREET 2: 10TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 212-832-3232 MAIL ADDRESS: STREET 1: 280 PARK AVENUE STREET 2: 10TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 FORMER COMPANY: FORMER CONFORMED NAME: Cohen & Steers Global Realty Fund, Inc. DATE OF NAME CHANGE: 20041118 0001309161 S000001228 Cohen & Steers International Realty Fund, Inc. C000003337 Class A IRFAX C000003339 Class C IRFCX C000003340 Class I IRFIX C000160801 Class R IRFRX C000160802 Class Z IRFZX NPORT-P 1 primary_doc.xml NPORT-P false 0001309161 XXXXXXXX S000001228 C000003340 C000160801 C000160802 C000003339 C000003337 Cohen & Steers International Realty Fund, Inc. 811-21677 0001309161 549300KG628I4LXSOW73 280 PARK AVENUE 10TH FLOOR NEW YORK 10017 212-832-3232 Cohen & Steers International Realty Fund, Inc. S000001228 549300KG628I4LXSOW73 2022-12-31 2022-03-31 N 615446863.34 2328637.96 613118225.38 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 310521.00000000 N Great Portland Estates PLC 213800JMEDD2Q4N1MC42 Great Portland Estates PLC 000000000 530324.00000000 NS 4924693.12000000 0.803220800841 Long EC GB N 2 N N N LEG Immobilien SE 391200SO40AKONBO0Z96 LEG Immobilien SE 000000000 78103.00000000 NS 8894210.97000000 1.450651864815 Long EC CORP DE N 2 N N N Castellum AB 549300GU5OHTR1T5IY68 Castellum AB 000000000 323524.00000000 NS 7987724.15000000 1.302803247293 Long EC CORP SE N 2 N N N Catena AB 549300EMLM7AH5LDLY65 Catena AB 000000000 176551.00000000 NS 10637114.02000000 1.734920538923 Long EC CORP SE N 2 N N N Sirius Real Estate Ltd 213800NURUF5W8QSK566 Sirius Real Estate Ltd 000000000 6223704.00000000 NS 10252410.97000000 1.672175209543 Long EC CORP GG N 1 N N N Nomura Real Estate Master Fund Inc 353800TNNZOQ1CPZE086 Nomura Real Estate Master Fund Inc 000000000 9418.00000000 NS 12449725.13000000 2.030558645077 Long EC JP N 2 N N N LaSalle Logiport REIT 353800II3DI1RPKBB314 LaSalle Logiport REIT 000000000 4724.00000000 NS 6794750.34000000 1.108228406648 Long EC JP N 2 N N N Daiwa House REIT Investment Corp 3538001FWU534P8JMO05 Daiwa House REIT Investment Corp 000000000 3027.00000000 NS 8160813.09000000 1.331034171254 Long EC JP N 2 N N N Mitsui Fudosan Co Ltd 353800ND4ZKNZDYKMF33 Mitsui Fudosan Co Ltd 000000000 1230192.00000000 NS 26328944.69000000 4.294268804957 Long EC CORP JP N 2 N N N British Land Co PLC/The RV5B68J2GV3QGMRPW209 British Land Co PLC/The 000000000 1584658.00000000 NS 10971941.11000000 1.789531065268 Long EC GB N 2 N N N Dexus N/A Dexus 000000000 1663976.00000000 NS 13582484.48000000 2.215312466299 Long EC AU N 2 N N N United Urban Investment Corp 353800GYZWBD7BDCN841 United Urban Investment Corp 000000000 7725.00000000 NS 8903418.77000000 1.452153663264 Long EC JP N 2 N N N Nomura Real Estate Holdings Inc N/A Nomura Real Estate Holdings Inc 000000000 441600.00000000 NS 10575890.21000000 1.724934893828 Long EC CORP JP N 2 N N N Dayamitra Telekomunikasi PT N/A Dayamitra Telekomunikasi PT 000000000 72605900.00000000 NS 3894890.62000000 0.635259311951 Long EC CORP ID N 2 N N N Merlin Properties Socimi SA 959800L8KD863DP30X04 Merlin Properties Socimi SA 000000000 625944.00000000 NS 7318020.78000000 1.193574171680 Long EC ES N 2 N N N Keppel REIT N/A Keppel REIT 000000000 10987700.00000000 NS 9858156.17000000 1.607871983236 Long EC SG N 2 N N N Unibail-Rodamco-Westfield N/A Unibail-Rodamco-Westfield 000000000 36403.00000000 NS 2726847.77000000 0.444750727856 Long EC XX N 2 N N N Goodman Group N/A Goodman Group 000000000 429207.00000000 NS 7295022.64000000 1.189823159388 Long EC AU N 2 N N N Big Yellow Group PLC 213800W7Q4V2ZI8LIW31 Big Yellow Group PLC 000000000 140316.00000000 NS 2828790.64000000 0.461377679361 Long EC GB N 2 N N N Workspace Group PLC 2138003GUZRFIN3UT430 Workspace Group PLC 000000000 591397.00000000 NS 5282268.03000000 0.861541512116 Long EC GB N 2 N N N Industrials REIT Ltd 5493004JYL71EMLTB211 Industrials REIT Ltd 000000000 1573145.00000000 NS 4097110.73000000 0.668241549574 Long EC GG N 2 N N N Capitaland Investment Ltd/Singapore 254900AT4UQDU7SNXX49 Capitaland Investment Ltd/Singapore 000000000 5134600.00000000 NS 15044751.16000000 2.453809157389 Long EC CORP SG N 2 N N N Safestore Holdings PLC 213800WGA3YSJC1YOH73 Safestore Holdings PLC 000000000 594509.00000000 NS 10465085.30000000 1.706862537565 Long EC GB N 1 N N N ESR Cayman Ltd 549300C81AR42BZUFZ09 ESR Cayman Ltd 000000000 1930200.00000000 NS 5981484.37000000 0.975584173230 Long EC CORP KY N 2 N N N Tokyu Fudosan Holdings Corp N/A Tokyu Fudosan Holdings Corp 000000000 1071400.00000000 NS 5880146.77000000 0.959055941675 Long EC CORP JP N 2 N N N Parkway Life Real Estate Investment Trust 549300I4DKVD2OF5LW91 Parkway Life Real Estate Investment Trust 000000000 3158700.00000000 NS 10934914.37000000 1.783491978765 Long EC SG N 2 N N N GLP J-Reit 353800E27V9KA51K2I90 GLP J-Reit 000000000 7701.00000000 NS 11701683.28000000 1.908552510039 Long EC JP N 2 N N N Wharf Real Estate Investment Co Ltd 529900QLPKS8U9QOPB59 Wharf Real Estate Investment Co Ltd 000000000 1427000.00000000 NS 7052607.52000000 1.150285088268 Long EC CORP KY N 2 N N N Sun Hung Kai Properties Ltd 529900LUMD393RD3S874 Sun Hung Kai Properties Ltd 000000000 1810627.00000000 NS 21541889.25000000 3.513496803434 Long EC CORP HK N 2 N N N Cellnex Telecom SA 5493008T4YG3AQUI7P67 Cellnex Telecom SA 000000000 222546.00000000 NS 10709892.23000000 1.746790714525 Long EC CORP ES N 2 N N N Xior Student Housing NV 549300JK7HFOCP0U8K85 Xior Student Housing NV 000000000 53700.00000000 NS 2999428.15000000 0.489208773420 Long EC BE N 2 N N N Link REIT 529900XUE70U36QX5M62 Link REIT 000000000 2609209.00000000 NS 22220615.15000000 3.624197459833 Long EC HK N 2 N N N ARGAN SA 529900FXM41XSCUSGH04 ARGAN SA 000000000 43409.00000000 NS 5544422.19000000 0.904299034099 Long EC FR N 2 N N N ICADE 969500UDH342QLTE1M42 ICADE 000000000 101173.00000000 NS 6509021.82000000 1.061625890498 Long EC FR N 2 N N N State Street Institutional Treasury Money Market Fund 549300Q3FHSMZ70NLT76 State Street Institutional Treasury Money Market Fund 857492870 4348880.97000000 NS USD 4348880.97000000 0.709305447135 Long STIV RF US N 2 N N N Grainger PLC 2138007CEIRKZMNI2979 Grainger PLC 000000000 1021072.00000000 NS 3894148.99000000 0.635138351593 Long EC CORP GB N 2 N N N Charter Hall Group N/A Charter Hall Group 000000000 1498822.00000000 NS 18214216.54000000 2.970751118792 Long EC AU N 2 N N N Japan Metropolitan Fund Invest 353800QDHNIP60E1LQ93 Japan Metropolitan Fund Invest 000000000 15700.00000000 NS 13247707.20000000 2.160710063999 Long EC JP N 2 N N N Aedifica SA 529900DTKNXL0AXQFN28 Aedifica SA 000000000 50694.00000000 NS 6375053.07000000 1.039775496161 Long EC BE N 2 N N N Frasers Logistics & Commercial Trust N/A Frasers Logistics & Commercial Trust 000000000 10002600.00000000 NS 10728158.42000000 1.749769942550 Long EC SG N 2 N N N Nippon Building Fund Inc 52990053R8NL2MB32172 Nippon Building Fund Inc 000000000 2191.00000000 NS 12429148.14000000 2.027202523998 Long EC JP N 2 N N N Unibail-Rodamco-Westfield N/A Unibail-Rodamco-Westfield 000000000 43111.00000000 NS 3229325.44000000 0.526705177944 Long EC XX N 2 N N N PSP Swiss Property AG 50670042Y437P8X44F56 PSP Swiss Property AG 000000000 25858.00000000 NS 3395988.29000000 0.553888002251 Long EC CORP CH N 2 N N N CapitaLand Integrated Commercial Trust 54930031292WUTXF0L29 CapitaLand Integrated Commercial Trust 000000000 5951544.00000000 NS 9845869.75000000 1.605868059769 Long EC SG N 2 N N N Mitsui Fudosan Logistics Park Inc 353800DN63EIYS760S59 Mitsui Fudosan Logistics Park Inc 000000000 1886.00000000 NS 8907918.51000000 1.452887573922 Long EC JP N 1 N N N Mirvac Group N/A Mirvac Group 000000000 5053707.00000000 NS 9370869.34000000 1.528395169494 Long EC AU N 2 N N N VGP NV 315700NENYPIXFR94T49 VGP NV 000000000 18838.00000000 NS 4821495.65000000 0.786389223222 Long EC CORP BE N 2 N N N Assura PLC 21380026T19N2Y52XF72 Assura PLC 000000000 7184850.00000000 NS 6314273.13000000 1.029862246565 Long EC GB N 1 N N N Tritax Big Box REIT PLC 213800L6X88MIYPVR714 Tritax Big Box REIT PLC 000000000 4133550.00000000 NS 13088125.19000000 2.134682129517 Long EC GB N 2 N N N UNITE Group PLC/The 213800BBUUWVDH9YI827 UNITE Group PLC/The 000000000 322821.00000000 NS 4889907.10000000 0.797547177295 Long EC GB N 2 N N N Klepierre SA 969500PB4U31KEFHZ621 Klepierre SA 000000000 335377.00000000 NS 8929108.44000000 1.456343665932 Long EC FR N 2 N N N RioCan Real Estate Investment Trust 549300S8HVUSEU3JBY60 RioCan Real Estate Investment Trust 766910103 1022826.00000000 NS 20642242.91000000 3.366763872857 Long EC CA N 1 N N N Ingenia Communities Group N/A Ingenia Communities Group 000000000 1621209.00000000 NS 6120386.00000000 0.998239123654 Long EC AU N 2 N N N Hulic Co Ltd 3538002E12E7IHAKTB10 Hulic Co Ltd 000000000 724100.00000000 NS 6496207.12000000 1.059535804203 Long EC CORP JP N 2 N N N National Storage REIT N/A National Storage REIT 000000000 3458379.00000000 NS 6958009.22000000 1.134856041130 Long EC AU N 2 N N N Wihlborgs Fastigheter AB 549300RC1YDJPITF8X06 Wihlborgs Fastigheter AB 000000000 147029.00000000 NS 3075621.88000000 0.501636022660 Long EC CORP SE N 2 N N N VIB Vermoegen AG 529900NFW9IP8LMOFM33 VIB Vermoegen AG 000000000 34909.00000000 NS 1409095.90000000 0.229824500670 Long EC CORP DE N 2 N N N Vonovia SE 5299005A2ZEP6AP7KM81 Vonovia SE 000000000 725103.00000000 NS 33797332.74000000 5.512367980751 Long EC CORP DE N 2 N N N Sands China Ltd 549300EVO6UZDGY05787 Sands China Ltd 000000000 2314400.00000000 NS 5505906.28000000 0.898017062955 Long EC CORP KY N 2 N N N Eurocommercial Properties NV 724500SFK53FPNM68L95 Eurocommercial Properties NV 000000000 327357.00000000 NS 8974399.33000000 1.463730640927 Long EC NL N 2 N N N Invincible Investment Corp 353800JY6M2692VAV685 Invincible Investment Corp 000000000 19267.00000000 NS 6649848.12000000 1.084594755910 Long EC JP N 2 N N N Segro PLC 213800XC35KGM9NFC641 Segro PLC 000000000 530748.00000000 NS 9330038.75000000 1.521735672466 Long EC GB N 2 N N N CK Asset Holdings Ltd 5299006GJZSGP78B8S35 CK Asset Holdings Ltd 000000000 2197000.00000000 NS 15017432.19000000 2.449353414782 Long EC CORP KY N 2 N N N Fastighets AB Balder 549300GHKJCEZOAEUU82 Fastighets AB Balder 000000000 227847.00000000 NS 15001466.35000000 2.446749375408 Long EC CORP SE N 2 N N N AZ. BGP HOLDINGS N/A AZ. BGP HOLDINGS 000000000 56622235.00000000 NS 0.00000000 0.000000 Long EC CORP MT N 3 N N N Urban Logistics REIT PLC 213800P6ODJW2UFNDC37 Urban Logistics REIT PLC 000000000 1130067.00000000 NS 2827995.50000000 0.461247991486 Long EC GB N 1 N N N 2022-05-02 Cohen & Steers International Realty Fund, Inc. Albert Laskaj Albert Laskaj Treasurer and Chief Financial Officer XXXX NPORT-EX 2 NPORT_4X41_31498540_0322.htm NPORT-EX

COHEN & STEERS INTERNATIONAL REALTY FUND, INC.

SCHEDULE OF INVESTMENTS

March 31, 2022 (Unaudited)

 

                                                                       
                          Shares      Value  

COMMON STOCK

     97.8     

AUSTRALIA

     10.0     

REAL ESTATE

       

DIVERSIFIED

     5.5     

BGP Holdings PLC (EUR)(a),(b)

       56,622,235      $ 0  

Charter Hall Group

       1,498,822        18,214,217  

Ingenia Communities Group

       1,621,209        6,120,386  

Mirvac Group

       5,053,707        9,370,869  
       

 

 

 
          33,705,472  
       

 

 

 

INDUSTRIALS

     1.2     

Goodman Group

       429,207        7,295,023  
       

 

 

 

OFFICE

     2.2     

Dexus

       1,663,976        13,582,484  
       

 

 

 

SELF STORAGE

     1.1     

National Storage REIT

       3,458,379        6,958,009  
       

 

 

 

TOTAL AUSTRALIA

 

     61,540,988  
       

 

 

 

BELGIUM

     2.3     

REAL ESTATE

       

INDUSTRIALS

     0.8     

VGP NV

       18,838        4,821,496  
       

 

 

 

RESIDENTIAL

     1.0     

Aedifica SA

       50,694        6,375,053  
       

 

 

 

STUDENT HOUSING

     0.5     

Xior Student Housing NV

       53,700        2,999,428  
       

 

 

 

TOTAL BELGIUM

 

     14,195,977  
       

 

 

 

CANADA

     3.4     

REAL ESTATE—RETAIL

       

RioCan REIT

       1,022,826        20,642,243  
       

 

 

 

CHINA

     1.0     

REAL ESTATE—INDUSTRIALS

       

ESR Cayman Ltd., 144A (H Shares)(b),(c)

       1,930,200        5,981,484  
       

 

 

 

FRANCE

     4.4     

REAL ESTATE

       

DIVERSIFIED

     1.1     

ICADE

       101,173        6,509,022  
       

 

 

 

NET LEASE

     0.9     

ARGAN SA

       43,409        5,544,422  
       

 

 

 

 

1

 

 


                                                                       
                          Shares      Value  

RETAIL

     2.4     

Klepierre SA(b)

       335,377      $ 8,929,109  

Unibail-Rodamco-Westfield(b)

       79,514        5,956,173  
       

 

 

 
          14,885,282  
       

 

 

 

TOTAL FRANCE

          26,938,726  
       

 

 

 

GERMANY

     8.9     

REAL ESTATE

       

INDUSTRIALS

     1.7     

Sirius Real Estate Ltd. (GBP)

       6,223,704        10,252,411  
       

 

 

 

RESIDENTIAL

     7.0     

LEG Immobilien SE

       78,103        8,894,211  

Vonovia SE

       725,103        33,797,333  
       

 

 

 
          42,691,544  
       

 

 

 

RETAIL

     0.2     

VIB Vermoegen AG

       34,909        1,409,096  
       

 

 

 

TOTAL GERMANY

          54,353,051  
       

 

 

 

HONG KONG

     10.7     

REAL ESTATE

       

DIVERSIFIED

     6.0     

CK Asset Holdings Ltd.

       2,197,000        15,017,432  

Sun Hung Kai Properties Ltd.

       1,810,627        21,541,889  
       

 

 

 
          36,559,321  
       

 

 

 

RESIDENTIAL

     1.1     

Wharf Real Estate Investment Co., Ltd.

       1,427,000        7,052,608  
       

 

 

 

RETAIL

     3.6     

Link REIT

       2,609,209        22,220,615  
       

 

 

 

TOTAL HONG KONG

          65,832,544  
       

 

 

 

INDONESIA

     0.6     

TELECOMMUNICATION SERVICES

       

Dayamitra Telekomunikasi PT(b)

       72,605,900        3,894,891  
       

 

 

 

JAPAN

     22.6     

REAL ESTATE

       

DIVERSIFIED

     12.8     

Daiwa House REIT Investment Corp.

       3,027        8,160,813  

Hulic Co., Ltd.

       724,100        6,496,207  

Mitsui Fudosan Co., Ltd.

       1,230,192        26,328,945  

 

2

 

 


                                                                       
                          Shares      Value  
       

Nomura Real Estate Holdings, Inc.

       441,600      $ 10,575,890  

Nomura Real Estate Master Fund, Inc.

       9,418        12,449,725  

Tokyu Fudosan Holdings Corp.

       1,071,400        5,880,147  

United Urban Investment Corp.

       7,725        8,903,419  
       

 

 

 
          78,795,146  
       

 

 

 

HOTEL

     1.1     

Invincible Investment Corp.

       19,267        6,649,848  
       

 

 

 

INDUSTRIALS

     4.5     

GLP J-REIT

       7,701        11,701,683  

LaSalle Logiport REIT

       4,724        6,794,750  

Mitsui Fudosan Logistics Park, Inc.

       1,886        8,907,919  
       

 

 

 
          27,404,352  
       

 

 

 

OFFICE

     2.0     

Nippon Building Fund, Inc.

       2,191        12,429,148  
       

 

 

 

RESIDENTIAL

     2.2     

Japan Retail Fund Investment Corp.

       15,700        13,247,707  
       

 

 

 

TOTAL JAPAN

          138,526,201  
       

 

 

 

MACAU

     0.9     

REAL ESTATE—HOTELS, RESTAURANTS & LEISURE

       

Sands China Ltd. (H Shares)(b)

       2,314,400        5,505,906  
       

 

 

 

NETHERLANDS

     1.5     

REAL ESTATE—RETAIL

       

Eurocommercial Properties NV

       327,357        8,974,399  
       

 

 

 

SINGAPORE

     9.2     

REAL ESTATE

       

DIVERSIFIED

     2.5     

Capitaland Investment Ltd.

       5,134,600        15,044,751  
       

 

 

 

HEALTH CARE

     1.8     

Parkway Life Real Estate Investment Trust

       3,158,700        10,934,914  
       

 

 

 

INDUSTRIALS

     1.7     

Frasers Logistics & Commercial Trust

       10,002,600        10,728,159  
       

 

 

 

OFFICE

     1.6     

Keppel REIT

       10,987,700        9,858,156  
       

 

 

 

RETAIL

     1.6     

CapitaLand Integrated Commercial Trust

       5,951,544        9,845,870  
       

 

 

 

TOTAL SINGAPORE

          56,411,850  
       

 

 

 

 

3

 

 


                                                                       
                          Shares      Value  

SPAIN

     2.9     

COMMUNICATIONS—TOWERS

     1.7     

Cellnex Telecom SA, 144A(c)

       222,546      $ 10,709,892  
       

 

 

 

REAL ESTATE—DIVERSIFIED

     1.2     

Merlin Properties Socimi SA

       625,944        7,318,021  
       

 

 

 

TOTAL SPAIN

          18,027,913  
       

 

 

 

SWEDEN

     6.0     

REAL ESTATE

       

DIVERSIFIED

     3.8     

Castellum AB

       323,524        7,987,724  

Fastighets AB Balder, Class B(b)

       227,847        15,001,467  
       

 

 

 
          22,989,191  
       

 

 

 

INDUSTRIALS

     1.7     

Catena AB

       176,551        10,637,114  
       

 

 

 

OFFICE

     0.5     

Wihlborgs Fastigheter AB

       147,029        3,075,622  
       

 

 

 

TOTAL SWEDEN

          36,701,927  
       

 

 

 

SWITZERLAND

     0.5     

REAL ESTATE—OFFICE

       

PSP Swiss Property AG

       25,858        3,395,988  
       

 

 

 

UNITED KINGDOM

     12.9     

REAL ESTATE

       

DIVERSIFIED

     1.8     

British Land Co., PLC/The

       1,584,658        10,971,941  
       

 

 

 

HEALTH CARE

     1.0     

Assura PLC

       7,184,850        6,314,273  
       

 

 

 

INDUSTRIALS

     4.8     

Industrials REIT Ltd.

       1,573,145        4,097,111  

Segro PLC

       530,748        9,330,039  

Tritax Big Box REIT PLC

       4,133,550        13,088,125  

Urban Logistics REIT PLC

       1,130,067        2,827,995  
       

 

 

 
          29,343,270  
       

 

 

 

OFFICE

     1.7     

Great Portland Estates PLC

       530,324        4,924,693  

Workspace Group PLC

       602,656        5,382,832  
       

 

 

 
          10,307,525  
       

 

 

 

 

4

 

 


                                                                       
                          Shares      Value  

RESIDENTIAL

     1.4     

Grainger PLC

       1,021,072      $ 3,894,149  

UNITE Group PLC/The

       322,821        4,889,907  
       

 

 

 
          8,784,056  
       

 

 

 

SELF STORAGE

     2.2     

Big Yellow Group PLC

       140,316        2,828,791  

Safestore Holdings PLC

       594,509        10,465,085  
       

 

 

 
          13,293,876  
       

 

 

 

TOTAL UNITED KINGDOM

          79,014,941  
       

 

 

 

TOTAL COMMON STOCK
(Identified cost—$536,433,582)

          599,939,029  
       

 

 

 

SHORT-TERM INVESTMENTS

     0.7     

MONEY MARKET FUNDS

       

State Street Institutional Treasury Money Market Fund,
Premier Class, 0.17%(d)

 

    4,348,881        4,348,881  
       

 

 

 

TOTAL SHORT-TERM INVESTMENTS
(Identified cost—$4,348,881)

          4,348,881  
       

 

 

 

TOTAL INVESTMENTS IN SECURITIES
(Identified cost—$540,782,463)

     98.5        604,287,910  

OTHER ASSETS IN EXCESS OF LIABILITIES

     1.5          8,906,245  
  

 

 

      

 

 

 

NET ASSETS

     100.0      $ 613,194,155  
  

 

 

      

 

 

 

Glossary of Portfolio Abbreviations

 

EUR    Euro Currency
GBP    Great British Pound
REIT    Real Estate Investment Trust

 

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

(a)

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

(b)

Non-income producing security.

 

5

 

 


(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 $16,691,376 which represents 2.7% of the net assets of the Fund, of which 0.0% are illiquid.

(d)

Rate quoted represents the annualized seven-day yield.

 

                       

Sector Summary

   % of
Net
Assets
 

Diversified

     34.7  

Industrials

     17.4  

Residential

     12.7  

Retail

     12.7  

Office

     8.5  

Self Storage

     3.3  

Health Care

     2.8  

Communications—Towers

     1.7  

Hotel

     1.1  

Net Lease

     0.9  

Hotels, Restaurants & Leisure

     0.9  

Telecommunication Services

     0.6  

Student Housing

     0.5  

Other

     2.2  
  

 

 

 
     100.0  
  

 

 

 

 

6

 

 


COHEN & STEERS INTERNATIONAL REALTY 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.

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 over-the-counter (OTC) market, including listed securities whose primary market is believed by Cohen & Steers Capital Management, Inc. (the investment advisor) 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 advisor, pursuant to delegation by the Board of Directors, to reflect the fair value of such securities.

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 advisor, subject to the oversight of the Board of Directors. The investment advisor 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 advisor 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 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.

 

 

 


COHEN & STEERS INTERNATIONAL REALTY FUND, INC.

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

 

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 March 31, 2022 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

   $ 61,540,988      $      $ 61,540,988      $ 0 (a) 

Canada

     20,642,243        20,642,243                

Germany

     54,353,051        10,252,411        44,100,640                    —  

Japan

     138,526,201        8,907,919        129,618,282         

United Kingdom

     79,014,941        19,607,353        59,407,588         

Other Countries

     245,861,605               245,861,605         

Short-Term Investments

     4,348,881               4,348,881         
  

 

 

    

 

 

    

 

 

    

 

 

 

Total Investments in Securities(b)

   $ 604,287,910      $ 59,409,926      $ 544,877,984      $ 0  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(a)

BGP Holdings PLC was acquired via a spinoff and has been fair valued at $0 by the Valuation Committee, pursuant to the Fund’s fair value procedures and classified as a Level 3 security.

(b)

Portfolio holdings are disclosed individually on the Schedule of Investments.