0001752724-23-123563.txt : 20230530 0001752724-23-123563.hdr.sgml : 20230530 20230530072223 ACCESSION NUMBER: 0001752724-23-123563 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230331 FILED AS OF DATE: 20230530 DATE AS OF CHANGE: 20230530 PERIOD START: 20231231 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: 23971385 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 2023-12-31 2023-03-31 N 485434411.97 1080335.79 484354076.18 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 3247769.60000000 N LondonMetric Property PLC 213800OCERWWPQDURL87 LondonMetric Property PLC 000000000 1171844.00000000 NS 2552646.00000000 0.527020649879 Long EC GB N 2 N N N Great Portland Estates PLC 213800JMEDD2Q4N1MC42 Great Portland Estates PLC 000000000 979829.00000000 NS 6128191.98000000 1.265229773295 Long EC GB N 1 N N N LEG Immobilien SE 391200SO40AKONBO0Z96 LEG Immobilien SE 000000000 223549.00000000 NS 12285358.05000000 2.536441552612 Long EC CORP DE N 2 N N N Castellum AB 549300GU5OHTR1T5IY68 Castellum AB 000000000 212169.00000000 NS 2468327.25000000 0.509612155939 Long EC CORP SE N 2 N N N LXI REIT Plc 2138008YZGXOKAXQVI45 LXI REIT Plc 000000000 1773334.00000000 NS 2158611.21000000 0.445668017708 Long EC GB N 2 N N N NSI NV 724500I77C30W2LZZJ03 NSI NV 000000000 38380.00000000 NS 965656.06000000 0.199369863389 Long EC NL N 1 N N N Catena AB 549300EMLM7AH5LDLY65 Catena AB 000000000 244661.00000000 NS 9105429.75000000 1.879911865677 Long EC CORP SE N 2 N N N Sirius Real Estate Ltd 213800NURUF5W8QSK566 Sirius Real Estate Ltd 000000000 6556788.00000000 NS 6203840.44000000 1.280848194553 Long EC CORP GG N 1 N N N Hang Lung Properties Ltd 529900CIVTNMXQT59E61 Hang Lung Properties Ltd 000000000 3568000.00000000 NS 6676482.11000000 1.378430044948 Long EC CORP HK N 2 N N N Daiwa House REIT Investment Corp 3538001FWU534P8JMO05 Daiwa House REIT Investment Corp 000000000 4682.00000000 NS 9593448.73000000 1.980668523667 Long EC JP N 2 N N N Kenedix Office Investment Corp 353800FFT483NCIHFY42 Kenedix Office Investment Corp 000000000 2049.00000000 NS 4739585.03000000 0.978537244360 Long EC JP N 2 N N N Covivio SA/France 969500P8M3W2XX376054 Covivio SA/France 000000000 56527.00000000 NS 3288185.50000000 0.678880525984 Long EC FR N 2 N N N Mitsui Fudosan Co Ltd 353800ND4ZKNZDYKMF33 Mitsui Fudosan Co Ltd 000000000 1277392.00000000 NS 23995078.05000000 4.954036567472 Long EC CORP JP N 2 N N N Goodman Property Trust N/A Goodman Property Trust 000000000 1920679.00000000 NS 2575032.30000000 0.531642537275 Long EC NZ N 2 N N N TAG Immobilien AG 529900TAE68USJNXLR59 TAG Immobilien AG 000000000 426934.00000000 NS 2955572.16000000 0.610208999026 Long EC CORP DE N 2 N N N British Land Co PLC/The RV5B68J2GV3QGMRPW209 British Land Co PLC/The 000000000 1888521.00000000 NS 9058604.15000000 1.870244227413 Long EC GB N 2 N N N Dexus N/A Dexus 000000000 1488509.00000000 NS 7525644.91000000 1.553748647962 Long EC AU N 2 N N N United Urban Investment Corp 353800GYZWBD7BDCN841 United Urban Investment Corp 000000000 8967.00000000 NS 9674816.18000000 1.997467690641 Long EC JP N 2 N N N Nomura Real Estate Holdings Inc N/A Nomura Real Estate Holdings Inc 000000000 83000.00000000 NS 1837919.30000000 0.379457795523 Long EC CORP JP N 2 N N N Dayamitra Telekomunikasi PT N/A Dayamitra Telekomunikasi PT 000000000 50701500.00000000 NS 2385496.58000000 0.492510891786 Long EC CORP ID N 2 N N N Merlin Properties Socimi SA 959800L8KD863DP30X04 Merlin Properties Socimi SA 000000000 563417.00000000 NS 4929589.57000000 1.017765682675 Long EC ES N 2 N N N Japan Hotel REIT Investment Corp 353800L8KG849FP1JI68 Japan Hotel REIT Investment Corp 000000000 9428.00000000 NS 5347118.96000000 1.103969022449 Long EC JP N 2 N N N Sumitomo Realty & Development Co Ltd N/A Sumitomo Realty & Development Co Ltd 000000000 426312.00000000 NS 9626742.72000000 1.987542418538 Long EC CORP JP N 2 N N N Unibail-Rodamco-Westfield N/A Unibail-Rodamco-Westfield 000000000 110720.00000000 NS 5957400.36000000 1.229968044655 Long EC XX N 2 N N N Goodman Group N/A Goodman Group 000000000 514495.00000000 NS 6528857.08000000 1.347951302793 Long EC AU N 2 N N N Advance Residence Investment Corp N/A Advance Residence Investment Corp 000000000 4452.00000000 NS 10629502.69000000 2.194572774907 Long EC JP N 2 N N N Industrials REIT Ltd 5493004JYL71EMLTB211 Industrials REIT Ltd 000000000 202348.00000000 NS 294547.29000000 0.060812390043 Long EC GG N 1 N N N Capitaland Investment Ltd/Singapore 254900AT4UQDU7SNXX49 Capitaland Investment Ltd/Singapore 000000000 5424800.00000000 NS 15051202.98000000 3.107479366893 Long EC CORP SG N 2 N N N Safestore Holdings PLC 213800WGA3YSJC1YOH73 Safestore Holdings PLC 000000000 1171362.00000000 NS 13749024.69000000 2.838630945038 Long EC GB N 2 N N N Stockland N/A Stockland 000000000 2964568.00000000 NS 7938499.49000000 1.638986823979 Long EC AU N 2 N N N Cofinimmo SA 549300TM914CSF6KI389 Cofinimmo SA 000000000 27830.00000000 NS 2466345.45000000 0.509202992457 Long EC BE N 2 N N N Parkway Life Real Estate Investment Trust 549300I4DKVD2OF5LW91 Parkway Life Real Estate Investment Trust 000000000 3010400.00000000 NS 9034461.95000000 1.865259815970 Long EC SG N 2 N N N Wharf Real Estate Investment Co Ltd 529900QLPKS8U9QOPB59 Wharf Real Estate Investment Co Ltd 000000000 2046000.00000000 NS 11779572.83000000 2.432016867268 Long EC CORP KY N 2 N N N Sun Hung Kai Properties Ltd 529900LUMD393RD3S874 Sun Hung Kai Properties Ltd 000000000 1478627.00000000 NS 20714967.35000000 4.276823168987 Long EC CORP HK N 2 N N N CapitaLand Ascendas REIT 549300ILIBAEMQZK3L20 CapitaLand Ascendas REIT 000000000 1563300.00000000 NS 3370805.12000000 0.695938216642 Long EC SG N 2 N N N Link REIT 529900XUE70U36QX5M62 Link REIT 000000000 2916810.00000000 NS 18755761.59000000 3.872324506469 Long EC HK N 2 N N N ARGAN SA 529900FXM41XSCUSGH04 ARGAN SA 000000000 24845.00000000 NS 1857003.81000000 0.383397993601 Long EC FR N 2 N N N ICADE 969500UDH342QLTE1M42 ICADE 000000000 140041.00000000 NS 6593948.32000000 1.361390074799 Long EC FR N 2 N N N CapitaLand Ascott Trust 549300W6RTG7Y32IWY65 CapitaLand Ascott Trust 000000000 6258300.00000000 NS 4686134.90000000 0.967501902112 Long EC SG N 2 N N N Charter Hall Group N/A Charter Hall Group 000000000 1618035.00000000 NS 12019731.83000000 2.481600222051 Long EC AU N 2 N N N Japan Metropolitan Fund Invest 353800QDHNIP60E1LQ93 Japan Metropolitan Fund Invest 000000000 15301.00000000 NS 11173590.85000000 2.306905505601 Long EC JP N 2 N N N Aedifica SA 529900DTKNXL0AXQFN28 Aedifica SA 000000000 21577.00000000 NS 1738330.14000000 0.358896564618 Long EC BE N 2 N N N Frasers Logistics & Commercial Trust N/A Frasers Logistics & Commercial Trust 000000000 7327900.00000000 NS 7232777.16000000 1.493283016640 Long EC SG N 2 N N N Nippon Prologis REIT Inc 353800PHBMSDLAFURY41 Nippon Prologis REIT Inc 000000000 4298.00000000 NS 9099061.88000000 1.878597151852 Long EC JP N 2 N N N Unibail-Rodamco-Westfield N/A Unibail-Rodamco-Westfield 000000000 43111.00000000 NS 2319630.48000000 0.478912141773 Long EC XX N 2 N N N Industrial & Infrastructure Fund Investment Corp 353800WCHFY04YKYCI19 Industrial & Infrastructure Fund Investment Corp 000000000 3560.00000000 NS 3874608.07000000 0.799953641467 Long EC JP N 2 N N N Mitsui Fudosan Logistics Park Inc 353800DN63EIYS760S59 Mitsui Fudosan Logistics Park Inc 000000000 268.00000000 NS 940304.48000000 0.194135762708 Long EC JP N 2 N N N Mirvac Group N/A Mirvac Group 000000000 3147485.00000000 NS 4408426.82000000 0.910166144314 Long EC AU N 2 N N N Mitsubishi Estate Co Ltd 353800KOFMRGOXSJ5Z65 Mitsubishi Estate Co Ltd 000000000 822500.00000000 NS 9783361.38000000 2.019877990324 Long EC CORP JP N 2 N N N Tritax Big Box REIT PLC 213800L6X88MIYPVR714 Tritax Big Box REIT PLC 000000000 1209021.00000000 NS 2092065.28000000 0.431928909631 Long EC GB N 2 N N N Klepierre SA 969500PB4U31KEFHZ621 Klepierre SA 000000000 652127.00000000 NS 14785136.18000000 3.052547073952 Long EC FR N 2 N N N State Street Institutional Treasury Money Market Fund 549300Q3FHSMZ70NLT76 State Street Institutional Treasury Money Market Fund 857492870 7516326.15000000 NS USD 7516326.15000000 1.551824691820 Long STIV RF US N 2 N N N RioCan Real Estate Investment Trust 549300S8HVUSEU3JBY60 RioCan Real Estate Investment Trust 766910103 1273795.00000000 NS 19217669.29000000 3.967690215712 Long EC CA N 1 N N N Ingenia Communities Group N/A Ingenia Communities Group 000000000 2378797.00000000 NS 6047660.59000000 1.248603219714 Long EC AU N 2 N N N National Storage REIT N/A National Storage REIT 000000000 3395781.00000000 NS 5751450.60000000 1.187447547744 Long EC AU N 2 N N N Sands China Ltd 549300EVO6UZDGY05787 Sands China Ltd 000000000 2329600.00000000 NS 8093003.22000000 1.670885746193 Long EC CORP KY N 2 N N N Eurocommercial Properties NV 724500SFK53FPNM68L95 Eurocommercial Properties NV 000000000 243956.00000000 NS 5559610.84000000 1.147840208932 Long EC NL N 2 N N N Invincible Investment Corp 353800JY6M2692VAV685 Invincible Investment Corp 000000000 22212.00000000 NS 9349111.68000000 1.930222566460 Long EC JP N 2 N N N Warehouses De Pauw CVA 549300HWDYC5JXC85138 Warehouses De Pauw CVA 000000000 215317.00000000 NS 6402691.58000000 1.321903106606 Long EC BE N 2 N N N Segro PLC 213800XC35KGM9NFC641 Segro PLC 000000000 774768.00000000 NS 7380276.98000000 1.523735907872 Long EC GB N 2 N N N CK Asset Holdings Ltd 5299006GJZSGP78B8S35 CK Asset Holdings Ltd 000000000 2301000.00000000 NS 13950200.38000000 2.880165784919 Long EC CORP KY N 2 N N N Pandox AB 549300K4HA8EBLSL3B97 Pandox AB 000000000 739472.00000000 NS 9226093.48000000 1.904824163505 Long EC CORP SE N 2 N N N Digital Core REIT Management Pte Ltd 549300IIGO612K0POE26 Digital Core REIT Management Pte Ltd 000000000 8414500.00000000 NS USD 3757259.37000000 0.775725766495 Long EC SG N 2 N N N Mercialys SA 969500081CGAXB7YS433 Mercialys SA 000000000 647262.00000000 NS 6612938.11000000 1.365310716935 Long EC FR N 2 N N N Urban Logistics REIT PLC 213800P6ODJW2UFNDC37 Urban Logistics REIT PLC 000000000 2913538.00000000 NS 4600497.19000000 0.949821094989 Long EC GB N 1 N N N 2023-05-01 Cohen & Steers International Realty Fund, Inc. Albert Laskaj Albert Laskaj Treasurer and Chief Financial Officer XXXX NPORT-EX 2 NPORT_4X41_93809760_0323.htm IRF N-PORT

COHEN & STEERS INTERNATIONAL REALTY FUND, INC.

SCHEDULE OF INVESTMENTS

March 31, 2023 (Unaudited)

 

                                                                       
                          Shares      Value  

COMMON STOCK

     97.1     

AUSTRALIA

     10.4     

REAL ESTATE

       

DIVERSIFIED

     4.6     

Charter Hall Group

       1,618,035      $ 12,019,732  

Ingenia Communities Group

       2,378,797        6,047,660  

Mirvac Group

       3,147,485        4,408,427  
       

 

 

 
          22,475,819  
       

 

 

 

INDUSTRIALS

     1.4     

Goodman Group

       514,495        6,528,857  
       

 

 

 

OFFICE

     1.6     

Dexus

       1,488,509        7,525,645  
       

 

 

 

RESIDENTIAL

     1.6     

Stockland

       2,964,568        7,938,499  
       

 

 

 

SELF STORAGE

     1.2     

National Storage REIT

       3,395,781        5,751,451  
       

 

 

 

TOTAL AUSTRALIA

 

     50,220,271  
       

 

 

 

BELGIUM

     2.2     

REAL ESTATE

       

DIVERSIFIED

     1.3     

Warehouses De Pauw CVA

       211,848        6,299,537  
       

 

 

 

HEALTH CARE

     0.5     

Cofinimmo SA

       27,830        2,466,346  
       

 

 

 

RESIDENTIAL

     0.4     

Aedifica SA

       21,577        1,738,330  
       

 

 

 

TOTAL BELGIUM

 

     10,504,213  
       

 

 

 

CANADA

     4.0     

REAL ESTATE—RETAIL

       

RioCan Real Estate Investment Trust

       1,273,795        19,217,669  
       

 

 

 

FRANCE

     8.5     

REAL ESTATE

       

DIVERSIFIED

     2.0     

Covivio SA/France

       56,527        3,288,186  

ICADE

       140,041        6,593,948  
       

 

 

 
          9,882,134  
       

 

 

 

INDUSTRIALS

     0.4     

ARGAN SA

       23,237        1,736,816  
       

 

 

 

 

1

 

 


                                                                       
                          Shares      Value  

RETAIL

     6.1     

Klepierre SA

       652,127      $ 14,785,136  

Mercialys SA

       643,863        6,578,211  

Unibail-Rodamco-Westfield(a)

       153,831        8,277,031  
       

 

 

 
          29,640,378  
       

 

 

 

TOTAL FRANCE

          41,259,328  
       

 

 

 

GERMANY

     4.4     

REAL ESTATE

       

INDUSTRIALS

     1.3     

Sirius Real Estate Ltd. (GBP)

       6,556,788        6,203,841  
       

 

 

 

REAL ESTATE MANAGEMENT & DEVELOPMENT

     0.6     

TAG Immobilien AG

       426,934        2,955,572  
       

 

 

 

RESIDENTIAL

     2.5     

LEG Immobilien SE

       223,549        12,285,358  
       

 

 

 

TOTAL GERMANY

          21,444,771  
       

 

 

 

HONG KONG

     14.8     

REAL ESTATE

       

DIVERSIFIED

     10.9     

CK Asset Holdings Ltd.

       2,301,000        13,950,201  

Hang Lung Properties Ltd.

       3,568,000        6,676,482  

Sun Hung Kai Properties Ltd.

       1,478,627        20,714,967  

Wharf Real Estate Investment Co., Ltd.

       2,046,000        11,779,573  
       

 

 

 
          53,121,223  
       

 

 

 

RETAIL

     3.9     

Link REIT

       2,916,810        18,755,761  
       

 

 

 

TOTAL HONG KONG

          71,876,984  
       

 

 

 

INDONESIA

     0.5     

TELECOMMUNICATION SERVICES

       

Dayamitra Telekomunikasi PT

       50,701,500        2,385,497  
       

 

 

 

JAPAN

     24.7     

REAL ESTATE

       

DIVERSIFIED

     13.1     

Japan Metropolitan Fund Invest

       15,301        11,173,591  

Mitsubishi Estate Co., Ltd.

       822,500        9,783,361  

Mitsui Fudosan Co., Ltd.

       1,243,592        23,360,165  

Sumitomo Realty & Development Co., Ltd.

       424,912        9,595,129  

 

2

 

 


                                                                       
                          Shares      Value  

United Urban Investment Corp.

       8,967      $ 9,674,816  
       

 

 

 
          63,587,062  
       

 

 

 

HOTEL

     3.1     

Invincible Investment Corp.

       22,212        9,349,112  

Japan Hotel REIT Investment Corp.

       9,912        5,621,621  
       

 

 

 
          14,970,733  
       

 

 

 

INDUSTRIALS

     4.9     

Daiwa House REIT Investment Corp.

       4,682        9,593,449  

Industrial & Infrastructure Fund Investment Corp.

       3,560        3,874,608  

Mitsui Fudosan Logistics Park, Inc.

       305        1,070,122  

Nippon Prologis REIT, Inc.

       4,298        9,099,062  
       

 

 

 
          23,637,241  
       

 

 

 

OFFICE

     1.0     

Kenedix Office Investment Corp.

       1,994        4,612,363  
       

 

 

 

REAL ESTATE MANAGEMENT & DEVELOPMENT

     0.4     

Nomura Real Estate Holdings, Inc.

       95,900        2,123,572  
       

 

 

 

RESIDENTIAL

     2.2     

Advance Residence Investment Corp.

       4,491        10,722,618  
       

 

 

 

TOTAL JAPAN

          119,653,589  
       

 

 

 

MACAU

     1.7     

REAL ESTATE—HOTELS, RESTAURANTS & LEISURE

       

Sands China Ltd., (H shares)(a)

       2,329,600        8,093,003  
       

 

 

 

NETHERLANDS

     1.4     

REAL ESTATE

       

OFFICE

     0.2     

NSI NV

       41,537        1,045,087  
       

 

 

 

RETAIL

     1.2     

Eurocommercial Properties NV

       243,956        5,559,611  
       

 

 

 

TOTAL NETHERLANDS

          6,604,698  
       

 

 

 

 

3

 

 


                                                                       
                          Shares      Value  

NEW ZEALAND

     0.5     

REAL ESTATE—INDUSTRIALS

       

Goodman Property Trust

       1,920,679      $ 2,575,032  
       

 

 

 

SINGAPORE

     8.9     

REAL ESTATE

       

DATA CENTER

     0.8     

Digital Core REIT Management Pte. Ltd. (USD)

       8,414,500        3,757,260  
       

 

 

 

DIVERSIFIED

     3.1     

Capitaland Investment Ltd.

       5,424,800        15,051,203  
       

 

 

 

HEALTH CARE

     1.8     

Parkway Life Real Estate Investment Trust

       3,010,400        9,034,462  
       

 

 

 

HOTEL

     1.0     

CapitaLand Ascott Trust

       6,258,300        4,686,135  
       

 

 

 

INDUSTRIALS

     2.2     

CapitaLand Ascendas REIT

       1,563,300        3,370,805  

Frasers Logistics & Commercial Trust

       7,327,900        7,232,777  
       

 

 

 
          10,603,582  
       

 

 

 

TOTAL SINGAPORE

          43,132,642  
       

 

 

 

SPAIN

     1.0     

REAL ESTATE—DIVERSIFIED

       

Merlin Properties Socimi SA

       563,417        4,929,590  
       

 

 

 

SWEDEN

     4.2     

REAL ESTATE

       

INDUSTRIALS

     1.9     

Catena AB

       244,661        9,105,430  
       

 

 

 

REAL ESTATE MANAGEMENT & DEVELOPMENT

     2.3     

Castellum AB

       213,676        2,485,859  

Pandox AB, Class B(a)

       712,570        8,890,448  
       

 

 

 
          11,376,307  
       

 

 

 

TOTAL SWEDEN

          20,481,737  
       

 

 

 

UNITED KINGDOM

     9.9     

REAL ESTATE

       

DIVERSIFIED

     1.9     

British Land Co., PLC/The

       1,888,521        9,058,604  
       

 

 

 

INDUSTRIALS

     3.5     

Industrials REIT Ltd.

       191,471        278,714  

 

4

 

 


                                                                       
                          Shares      Value  

LondonMetric Property PLC

       1,171,844      $ 2,552,646  

Segro PLC

       774,768        7,380,277  

Tritax Big Box REIT PLC

       1,209,021        2,092,066  

Urban Logistics REIT PLC

       2,913,538        4,600,497  
       

 

 

 
          16,904,200  
       

 

 

 

NET LEASE

     0.4     

LXI REIT PLC

       1,773,334        2,158,611  
       

 

 

 

OFFICE

     1.3     

Great Portland Estates PLC

       979,829        6,128,192  
       

 

 

 

SELF STORAGE

     2.8     

Safestore Holdings PLC

       1,171,362        13,749,025  
       

 

 

 

TOTAL UNITED KINGDOM

          47,998,632  
       

 

 

 

TOTAL COMMON STOCK
(Identified cost—$469,298,836)

          470,377,656  
       

 

 

 

SHORT-TERM INVESTMENTS

     1.6     

MONEY MARKET FUNDS

       

State Street Institutional Treasury Money Market Fund,
Premier Class, 4.53%(b)

       7,516,326        7,516,326  
       

 

 

 

TOTAL SHORT-TERM INVESTMENTS
(Identified cost—$7,516,326)

          7,516,326  
       

 

 

 

TOTAL INVESTMENTS IN SECURITIES
(Identified cost—$476,815,162)

     98.7        477,893,982  

OTHER ASSETS IN EXCESS OF LIABILITIES

     1.3          6,384,712  
  

 

 

      

 

 

 

NET ASSETS

     100.0      $ 484,278,694  
  

 

 

      

 

 

 

Glossary of Portfolio Abbreviations

 

GBP    Great British Pound
REIT    Real Estate Investment Trust

 

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

(a)

Non-income producing security.

(b)

Rate quoted represents the annualized seven-day yield.

 

5

 

 


                       

Sector Summary

   % of
Net
Assets
 

Diversified

     38.1  

Industrials

     16.0  

Retail

     15.2  

Residential

     6.7  

Hotel

     4.1  

Office

     4.0  

Self Storage

     4.0  

Real Estate Management & Development

     3.3  

Health Care

     2.3  

Hotels, Restaurants & Leisure

     1.7  

Data Center

     0.8  

Telecommunication Services

     0.5  

Net Lease

     0.4  

Other

     2.9  
  

 

 

 
     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 Board of Directors has designated the investment advisor as the Fund’s “Valuation Designee” under Rule 2a-5 under the 1940 Act. As Valuation Designee, the investment advisor is authorized to make fair valuation determinations, 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.

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.

 

 

 


COHEN & STEERS INTERNATIONAL REALTY FUND, INC.

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

 

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, 2023 in valuing the Fund’s investments carried at value:

 

                                                                                   
     Quoted Prices
in Active
Markets for
Identical
Investments
(Level  1)
     Other
Significant
Observable
Inputs
(Level 2)
     Significant
Unobservable
Inputs
(Level 3)
     Total  

Common Stock:

           

Canada

   $ 19,217,669      $      $      $ 19,217,669  

Germany

     6,203,841        15,240,930               21,444,771  

Netherlands

     1,045,087        5,559,611               6,604,698  

United Kingdom

     11,007,403        36,991,229               47,998,632  

Other Countries

            375,111,886               375,111,886  

Short-Term Investments

            7,516,326               7,516,326  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total Investments in Securities(a)

   $ 37,474,000      $ 440,419,982      $      $ 477,893,982  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(a)

Portfolio holdings are disclosed individually on the Schedule of Investments.