0001752724-23-271882.txt : 20231128 0001752724-23-271882.hdr.sgml : 20231128 20231128164509 ACCESSION NUMBER: 0001752724-23-271882 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230930 FILED AS OF DATE: 20231128 DATE AS OF CHANGE: 20231128 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: 231447163 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 2023-09-30 N 432831682.36 3181068.48 429650613.88 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 2266689.53000000 N Great Portland Estates PLC 213800JMEDD2Q4N1MC42 Great Portland Estates PLC 000000000 432206.00000000 NS 2203203.58000000 0.512789580376 Long EC GB N 1 N N N LEG Immobilien SE 391200SO40AKONBO0Z96 LEG Immobilien SE 000000000 155624.00000000 NS 10750618.13000000 2.502176834548 Long EC CORP DE N 1 N N N Castellum AB 549300GU5OHTR1T5IY68 Castellum AB 000000000 152021.00000000 NS 1549353.43000000 0.360607754288 Long EC CORP SE N 1 N N N Kenedix Residential Next Investment Corp 353800CYD58GUMFQME07 Kenedix Residential Next Investment Corp 000000000 2917.00000000 NS 4456310.89000000 1.037194116809 Long EC JP N 1 N N N LXI REIT Plc 2138008YZGXOKAXQVI45 LXI REIT Plc 000000000 2336775.00000000 NS 2588797.90000000 0.602535599011 Long EC GB N 1 N N N Catena AB 549300EMLM7AH5LDLY65 Catena AB 000000000 104054.00000000 NS 3619087.37000000 0.842332642636 Long EC CORP SE N 1 N N N Sirius Real Estate Ltd 213800NURUF5W8QSK566 Sirius Real Estate Ltd 000000000 1624895.00000000 NS 1707953.27000000 0.397521431326 Long EC CORP GG N 1 N N N Land Securities Group PLC 213800V8IAVKS37D6B88 Land Securities Group PLC 000000000 1077290.00000000 NS 7752339.75000000 1.804335778783 Long EC GB N 1 N N N Tokyo Tatemono Co Ltd 529900RQA4JTW1869J86 Tokyo Tatemono Co Ltd 000000000 269400.00000000 NS 3728046.04000000 0.867692473736 Long EC CORP JP N 1 N N N Kenedix Office Investment Corp 353800FFT483NCIHFY42 Kenedix Office Investment Corp 000000000 3256.00000000 NS 7538650.96000000 1.754600299978 Long EC JP N 1 N N N Covivio SA/France 969500P8M3W2XX376054 Covivio SA/France 000000000 39300.00000000 NS 1749252.00000000 0.407133597274 Long EC FR N 1 N N N Mitsui Fudosan Co Ltd 353800ND4ZKNZDYKMF33 Mitsui Fudosan Co Ltd 000000000 923092.00000000 NS 20347062.69000000 4.735722941544 Long EC CORP JP N 1 N N N Goodman Property Trust N/A Goodman Property Trust 000000000 2509697.00000000 NS 3181355.63000000 0.740451782733 Long EC NZ N 1 N N N TAG Immobilien AG 529900TAE68USJNXLR59 TAG Immobilien AG 000000000 327218.00000000 NS 3435987.93000000 0.799716751006 Long EC CORP DE N 1 N N N British Land Co PLC/The RV5B68J2GV3QGMRPW209 British Land Co PLC/The 000000000 531574.00000000 NS 2055329.10000000 0.478372201412 Long EC GB N 1 N N N Mapletree Logistics Trust 549300M9EBZIYH387075 Mapletree Logistics Trust 000000000 6174000.00000000 NS 7587651.79000000 1.766005108541 Long EC SG N 1 N N N Dexus N/A Dexus 000000000 1442159.00000000 NS 6768823.29000000 1.575425024736 Long EC AU N 1 N N N United Urban Investment Corp 353800GYZWBD7BDCN841 United Urban Investment Corp 000000000 7149.00000000 NS 7448469.62000000 1.733610840849 Long EC JP N 1 N N N Nomura Real Estate Holdings Inc N/A Nomura Real Estate Holdings Inc 000000000 425700.00000000 NS 10690926.79000000 2.488283839153 Long EC CORP JP N 1 N N N Merlin Properties Socimi SA 959800L8KD863DP30X04 Merlin Properties Socimi SA 000000000 803962.00000000 NS 6787161.36000000 1.579693160148 Long EC ES N 1 N N N Unibail-Rodamco-Westfield N/A Unibail-Rodamco-Westfield 000000000 117345.00000000 NS 5799945.82000000 1.349921455394 Long EC XX N 1 N N N Goodman Group N/A Goodman Group 000000000 471136.00000000 NS 6497566.88000000 1.512290840532 Long EC AU N 1 N N N Advance Residence Investment Corp N/A Advance Residence Investment Corp 000000000 4978.00000000 NS 11292438.44000000 2.628284023156 Long EC JP N 1 N N N CapitaLand Investment Ltd/Singapore 254900AT4UQDU7SNXX49 Capitaland Investment Ltd/Singapore 000000000 4554700.00000000 NS 10328873.45000000 2.404016918938 Long EC CORP SG N 1 N N N Shurgard Self Storage Ltd 549300J0UEIKU81XO336 Shurgard Self Storage Ltd 000000000 45302.00000000 NS 1796082.89000000 0.418033358262 Long EC GG N 1 N N N Safestore Holdings PLC 213800WGA3YSJC1YOH73 Safestore Holdings PLC 000000000 873519.00000000 NS 7844144.24000000 1.825703021616 Long EC GB N 1 N N N Stockland N/A Stockland 000000000 3467226.00000000 NS 8738671.01000000 2.033901669797 Long EC AU N 1 N N N Cofinimmo SA 549300TM914CSF6KI389 Cofinimmo SA 000000000 65584.00000000 NS 4500080.99000000 1.047381487334 Long EC BE N 1 N N N Parkway Life Real Estate Investment Trust 549300I4DKVD2OF5LW91 Parkway Life Real Estate Investment Trust 000000000 2691000.00000000 NS 7263928.31000000 1.690659357937 Long EC SG N 1 N N N Wharf Real Estate Investment Co Ltd 529900QLPKS8U9QOPB59 Wharf Real Estate Investment Co Ltd 000000000 1858000.00000000 NS 7177226.26000000 1.670479693997 Long EC CORP KY N 1 N N N Sun Hung Kai Properties Ltd 529900LUMD393RD3S874 Sun Hung Kai Properties Ltd 000000000 1440627.00000000 NS 15416334.24000000 3.588109441013 Long EC CORP HK N 1 N N N Cellnex Telecom SA 5493008T4YG3AQUI7P67 Cellnex Telecom SA 000000000 152099.00000000 NS 5301796.30000000 1.233978523182 Long EC CORP ES N 1 N N N Comforia Residential REIT Inc 353800BJ2SV3UPG9JU05 Comforia Residential REIT Inc 000000000 999.00000000 NS 2216063.30000000 0.515782644876 Long EC JP N 1 N N N Link REIT 529900XUE70U36QX5M62 Link REIT 000000000 3098910.00000000 NS 15195875.85000000 3.536798356406 Long EC HK N 1 N N N ARGAN SA 529900FXM41XSCUSGH04 ARGAN SA 000000000 21779.00000000 NS 1455233.71000000 0.338701648034 Long EC FR N 1 N N N Charter Hall Group N/A Charter Hall Group 000000000 1050580.00000000 NS 6410213.77000000 1.491959644165 Long EC AU N 1 N N N Japan Metropolitan Fund Invest 353800QDHNIP60E1LQ93 Japan Metropolitan Fund Invest 000000000 13233.00000000 NS 8589407.12000000 1.999160909473 Long EC JP N 1 N N N Aedifica SA 529900DTKNXL0AXQFN28 Aedifica SA 000000000 55280.00000000 NS 3147251.68000000 0.732514182064 Long EC BE N 1 N N N Frasers Logistics & Commercial Trust N/A Frasers Logistics & Commercial Trust 000000000 305343.00000000 NS 239002.93000000 0.055627275343 Long EC SG N 1 N N N Nippon Prologis REIT Inc 353800PHBMSDLAFURY41 Nippon Prologis REIT Inc 000000000 4573.00000000 NS 8543774.09000000 1.988539947108 Long EC JP N 1 N N N PSP Swiss Property AG 50670042Y437P8X44F56 PSP Swiss Property AG 000000000 53145.00000000 NS 6282065.88000000 1.462133574829 Long EC CORP CH N 1 N N N CapitaLand Integrated Commercial Trust 54930031292WUTXF0L29 CapitaLand Integrated Commercial Trust 000000000 5948200.00000000 NS 8049868.32000000 1.873584736049 Long EC SG N 1 N N N Mitsui Fudosan Logistics Park Inc 353800DN63EIYS760S59 Mitsui Fudosan Logistics Park Inc 000000000 3172.00000000 NS 9997403.64000000 2.326868231309 Long EC JP N 1 N N N Mirvac Group N/A Mirvac Group 000000000 3735518.00000000 NS 5115729.93000000 1.190672086745 Long EC AU N 1 N N N Mitsubishi Estate Co Ltd 353800KOFMRGOXSJ5Z65 Mitsubishi Estate Co Ltd 000000000 1047800.00000000 NS 13707501.34000000 3.190383278220 Long EC CORP JP N 1 N N N Daiwa Office Investment Corp N/A Daiwa Office Investment Corp 000000000 1132.00000000 NS 5060064.24000000 1.177716050328 Long EC JP N 1 N N N Tritax Big Box REIT PLC 213800L6X88MIYPVR714 Tritax Big Box REIT PLC 000000000 1936282.00000000 NS 3302715.63000000 0.768697989320 Long EC GB N 1 N N N UNITE Group PLC/The 213800BBUUWVDH9YI827 UNITE Group PLC/The 000000000 489477.00000000 NS 5359967.40000000 1.247517686893 Long EC GB N 1 N N N Klepierre SA 969500PB4U31KEFHZ621 Klepierre SA 000000000 449998.00000000 NS 11051914.72000000 2.572302788117 Long EC FR N 1 N N N RioCan Real Estate Investment Trust 549300S8HVUSEU3JBY60 RioCan Real Estate Investment Trust 766910103 950610.00000000 NS 12646804.86000000 2.943509086555 Long EC CA N 1 N N N Ingenia Communities Group N/A Ingenia Communities Group 000000000 2536593.00000000 NS 6849789.92000000 1.594269785429 Long EC AU N 1 N N N Frasers Centrepoint Trust 5493002RGQ266FKERZ83 Frasers Centrepoint Trust 000000000 2715600.00000000 NS 4350522.31000000 1.012572115447 Long EC SG N 1 N N N Canadian Apartment Properties REIT 549300B1MYVTQEB2DI90 Canadian Apartment Properties REIT 134921105 284186.00000000 NS 9432066.91000000 2.195287660553 Long EC CA N 1 N N N National Storage REIT N/A National Storage REIT 000000000 3343878.00000000 NS 4686882.75000000 1.090859083773 Long EC AU N 1 N N N Vonovia SE 5299005A2ZEP6AP7KM81 Vonovia SE 000000000 566271.00000000 NS 13656120.43000000 3.178424512577 Long EC CORP DE N 1 N N N Sands China Ltd 549300EVO6UZDGY05787 Sands China Ltd 000000000 780800.00000000 NS 2392966.37000000 0.556956348412 Long EC CORP KY N 1 N N N Eurocommercial Properties NV 724500SFK53FPNM68L95 Eurocommercial Properties NV 000000000 246260.00000000 NS 5472733.73000000 1.273763740397 Long EC NL N 1 N N N Invincible Investment Corp 353800JY6M2692VAV685 Invincible Investment Corp 000000000 16851.00000000 NS 6968628.21000000 1.621929070941 Long EC JP N 1 N N N Warehouses De Pauw CVA 549300HWDYC5JXC85138 Warehouses De Pauw CVA 000000000 215951.00000000 NS 5351685.19000000 1.245590025269 Long EC BE N 1 N N N Segro PLC 213800XC35KGM9NFC641 Segro PLC 000000000 985824.00000000 NS 8652970.47000000 2.013955104557 Long EC GB N 1 N N N CK Asset Holdings Ltd 5299006GJZSGP78B8S35 CK Asset Holdings Ltd 000000000 1794500.00000000 NS 9452636.65000000 2.200075211027 Long EC CORP KY N 1 N N N Pandox AB 549300K4HA8EBLSL3B97 Pandox AB 000000000 239852.00000000 NS 2553170.10000000 0.594243326442 Long EC CORP SE N 1 N N N Dream Industrial Real Estate Investment Trust 549300QOI0TM3CBYUH79 Dream Industrial Real Estate Investment Trust 26153W109 83972.00000000 NS 793815.92000000 0.184758474526 Long EC CA N 1 N N N Digital Core REIT Management Pte Ltd 549300IIGO612K0POE26 Digital Core REIT Management Pte Ltd 000000000 8414500.00000000 NS USD 4459685.00000000 1.037979431642 Long EC SG N 1 N N N Mercialys SA 969500081CGAXB7YS433 Mercialys SA 000000000 417151.00000000 NS 3762010.92000000 0.875597706244 Long EC FR N 1 N N N Urban Logistics REIT PLC 213800P6ODJW2UFNDC37 Urban Logistics REIT PLC 000000000 1221092.00000000 NS 1635859.98000000 0.380741916141 Long EC GB N 1 N N N 2023-10-29 Cohen & Steers International Realty Fund, Inc. Albert Laskaj Albert Laskaj Treasurer and Chief Financial Officer XXXX NPORT-EX 2 NPORT_4X41_68495586_0923.htm DOS

COHEN & STEERS INTERNATIONAL REALTY FUND, INC.

SCHEDULE OF INVESTMENTS

September 30, 2023 (Unaudited)

 

                                                                       
                          Shares      Value  

COMMON STOCK—REAL ESTATE

     98.3     

AUSTRALIA

     10.5     

DIVERSIFIED

     7.9     

Charter Hall Group

       1,050,580      $ 6,410,214  

Dexus

       1,442,159        6,768,823  

Ingenia Communities Group

       2,536,593        6,849,790  

Mirvac Group

       3,735,518        5,115,730  

Stockland

       3,467,226        8,738,671  
       

 

 

 
          33,883,228  
       

 

 

 

INDUSTRIALS

     1.5     

Goodman Group

       471,136        6,497,567  
       

 

 

 

SELF STORAGE

     1.1     

National Storage REIT

       3,343,878        4,686,882  
       

 

 

 

TOTAL AUSTRALIA

          45,067,677  
       

 

 

 

BELGIUM

     3.5     

DIVERSIFIED

     1.1     

Cofinimmo SA

       65,584        4,500,081  
       

 

 

 

HEALTH CARE

     0.7     

Aedifica SA

       55,280        3,147,252  
       

 

 

 

INDUSTRIALS

     1.3     

Warehouses De Pauw CVA

       215,951        5,351,685  
       

 

 

 

SELF STORAGE

     0.4     

Shurgard Self Storage Ltd.

       45,302        1,796,083  
       

 

 

 

TOTAL BELGIUM

          14,795,101  
       

 

 

 

CANADA

     5.3     

INDUSTRIALS

     0.2     

Dream Industrial Real Estate Investment Trust

       83,972        793,816  
       

 

 

 

RESIDENTIAL

     2.2     

Canadian Apartment Properties REIT

       284,186        9,432,067  
       

 

 

 

RETAIL

     2.9     

RioCan Real Estate Investment Trust

       950,610        12,646,805  
       

 

 

 

TOTAL CANADA

          22,872,688  
       

 

 

 

FRANCE

     5.5     

DIVERSIFIED

     0.4     

Covivio SA/France

       39,300        1,749,252  
       

 

 

 

INDUSTRIALS

     0.3     

ARGAN SA

       19,300        1,289,591  
       

 

 

 

 

1

 

 


                                                                       
                          Shares      Value  

RETAIL

     4.8     

Klepierre SA

       449,998      $ 11,051,915  

Mercialys SA

       417,151        3,762,011  

Unibail-Rodamco-Westfield(a)

       117,345        5,799,946  
       

 

 

 
          20,613,872  
       

 

 

 

TOTAL FRANCE

          23,652,715  
       

 

 

 

GERMANY

     6.9     

INDUSTRIAL OFFICE

     0.4     

Sirius Real Estate Ltd. (GBP)

       1,596,744        1,678,363  
       

 

 

 

RESIDENTIAL

     6.5     

LEG Immobilien SE(a)

       155,624        10,750,618  

TAG Immobilien AG(a)

       327,218        3,435,988  

Vonovia SE

       566,271        13,656,121  
       

 

 

 
          27,842,727  
       

 

 

 

TOTAL GERMANY

          29,521,090  
       

 

 

 

HONG KONG

     11.1     

DIVERSIFIED

       

CK Asset Holdings Ltd.

       1,889,500        9,953,055  

Link REIT

       3,098,910        15,195,876  

Sun Hung Kai Properties Ltd.

       1,440,627        15,416,334  

Wharf Real Estate Investment Co., Ltd.

       1,858,000        7,177,226  
       

 

 

 
          47,742,491  
       

 

 

 

JAPAN

     28.1     

DIVERSIFIED

     15.0     

Japan Metropolitan Fund Invest

       13,233        8,589,407  

Mitsubishi Estate Co., Ltd.

       1,047,800        13,707,501  

Mitsui Fudosan Co., Ltd.

       923,092        20,347,063  

Nomura Real Estate Holdings, Inc.

       425,700        10,690,927  

Tokyo Tatemono Co., Ltd.

       269,400        3,728,046  

United Urban Investment Corp.

       7,149        7,448,469  
       

 

 

 
          64,511,413  
       

 

 

 

HOTEL

     1.6     

Invincible Investment Corp.

       16,851        6,968,628  
       

 

 

 

INDUSTRIALS

     4.3     

Mitsui Fudosan Logistics Park, Inc.

       3,172        9,997,404  

 

2

 

 


                                                                       
                          Shares      Value  

Nippon Prologis REIT, Inc.

       4,573      $ 8,543,774  
       

 

 

 
          18,541,178  
       

 

 

 

OFFICE

     3.0     

Daiwa Office Investment Corp.

       1,132        5,060,064  

Kenedix Office Investment Corp.

       3,256        7,538,651  
       

 

 

 
          12,598,715  
       

 

 

 

RESIDENTIAL

     4.2     

Advance Residence Investment Corp.

       4,978        11,292,439  

Comforia Residential REIT, Inc.

       999        2,216,063  

Kenedix Residential Next Investment Corp.

       2,917        4,456,311  
       

 

 

 
          17,964,813  
       

 

 

 

TOTAL JAPAN

          120,584,747  
       

 

 

 

NETHERLANDS

     1.3     

RETAIL

       

Eurocommercial Properties NV

       246,260        5,472,734  
       

 

 

 

NEW ZEALAND

     0.7     

INDUSTRIALS

       

Goodman Property Trust

       2,509,697        3,181,355  
       

 

 

 

SINGAPORE

     9.8     

DATA CENTERS

     1.0     

Digital Core REIT Management Pte. Ltd.

       8,414,500        4,459,685  
       

 

 

 

DIVERSIFIED

     4.3     

CapitaLand Integrated Commercial Trust

       5,948,200        8,049,868  

CapitaLand Investment Ltd./Singapore

       4,554,700        10,328,874  
       

 

 

 
          18,378,742  
       

 

 

 

HEALTH CARE

     1.7     

Parkway Life Real Estate Investment Trust

       2,691,000        7,263,928  
       

 

 

 

INDUSTRIALS

     1.8     

Mapletree Logistics Trust

       6,313,500        7,759,093  
       

 

 

 

RETAIL

     1.0     

Frasers Centrepoint Trust

       2,715,600        4,350,522  
       

 

 

 

TOTAL SINGAPORE

          42,211,970  
       

 

 

 

SPAIN

     2.8     

DIVERSIFIED

     1.6     

Merlin Properties Socimi SA

       803,962        6,787,162  
       

 

 

 

 

3

 

 


                                                                       
                          Shares      Value  

INFRASTRUCTURE

     1.2     

Cellnex Telecom SA(a)(b)

       152,099      $ 5,301,796  
       

 

 

 

TOTAL SPAIN

          12,088,958  
       

 

 

 

SWEDEN

     1.7     

HOTEL

     0.5     

Pandox AB, Class B

       215,175        2,290,489  
       

 

 

 

INDUSTRIAL OFFICE

     0.4     

Castellum AB

       152,021        1,549,354  
       

 

 

 

INDUSTRIALS

     0.8     

Catena AB

       104,054        3,619,087  
       

 

 

 

TOTAL SWEDEN

          7,458,930  
       

 

 

 

SWITZERLAND

     1.5     

DIVERSIFIED

       

PSP Swiss Property AG

       53,145        6,282,066  
       

 

 

 

UNITED KINGDOM

     9.6     

DIVERSIFIED

     2.9     

British Land Co., PLC/The

       531,574        2,055,329  

Land Securities Group PLC

       1,077,290        7,752,340  

LXI REIT PLC

       2,336,775        2,588,798  
       

 

 

 
          12,396,467  
       

 

 

 

INDUSTRIALS

     3.2     

Segro PLC

       985,824        8,652,970  

Tritax Big Box REIT PLC

       1,936,282        3,302,716  

Urban Logistics REIT PLC

       1,221,092        1,635,860  
       

 

 

 
          13,591,546  
       

 

 

 

OFFICE

     0.5     

Great Portland Estates PLC

       427,987        2,181,697  
       

 

 

 

RESIDENTIAL

     1.2     

UNITE Group PLC/The

       489,477        5,359,967  
       

 

 

 

SELF STORAGE

     1.8     

Big Yellow Group PLC

       3,614        41,383  

Safestore Holdings PLC

       872,388        7,833,988  
       

 

 

 
          7,875,371  
       

 

 

 

TOTAL UNITED KINGDOM

          41,405,048  
       

 

 

 

TOTAL COMMON STOCK
(Identified cost—$430,674,806)

          422,337,570  
       

 

 

 

 

4

 

 


                                                                       
                                 Value  

TOTAL INVESTMENTS IN SECURITIES
(Identified cost—$430,674,806)

     98.3      $ 422,337,570  

OTHER ASSETS IN EXCESS OF LIABILITIES

     1.7          7,394,450  
  

 

 

      

 

 

 

NET ASSETS

     100.0      $ 429,732,020  
  

 

 

      

 

 

 

Glossary of Portfolio Abbreviations

 

GBP    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)

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 $5,301,796 which represents 1.2% of the net assets of the Fund, of which 0.0% are illiquid.

 

5

 

 


                       

Sector Summary

   % of
Net
Assets
 

Diversified

     45.8  

Industrials

     14.1  

Residential

     14.1  

Retail

     10.0  

Office

     3.5  

Self Storage

     3.3  

Health Care

     2.4  

Hotel

     2.1  

Infrastructure

     1.2  

Data Centers

     1.0  

Industrial Office

     0.8  

Other

     1.7  
  

 

 

 
     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.

 

 

 


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 September 30, 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—Real Estate

   $ 422,337,570      $             —      $             —      $ 422,337,570  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total Investments in Securities(a)

   $ 422,337,570      $      $      $ 422,337,570  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(a)

Portfolio holdings are disclosed individually on the Schedule of Investments.