0001752724-24-127996.txt : 20240530 0001752724-24-127996.hdr.sgml : 20240530 20240530112803 ACCESSION NUMBER: 0001752724-24-127996 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240530 DATE AS OF CHANGE: 20240530 PERIOD START: 20241231 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Cohen & Steers International Realty Fund, Inc. CENTRAL INDEX KEY: 0001309161 ORGANIZATION NAME: 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: 241002423 BUSINESS ADDRESS: STREET 1: 1166 AVENUE OF THE AMERICAS STREET 2: 30TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 212-832-3232 MAIL ADDRESS: STREET 1: 1166 AVENUE OF THE AMERICAS STREET 2: 30TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10036 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 1166 Avenue of the Americas, 30th Floor NEW YORK 10036 212-832-3232 Cohen & Steers International Realty Fund, Inc. S000001228 549300KG628I4LXSOW73 2024-12-31 2024-03-31 N 498038520.34 2453232.45 495585287.89 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 1644418.73000000 N LondonMetric Property PLC 213800OCERWWPQDURL87 LondonMetric Property PLC 000000000 2915921.00000000 NS 7478428.56000000 1.509009396110 Long EC GB N 1 N N N LEG Immobilien SE 391200SO40AKONBO0Z96 LEG Immobilien SE 000000000 164607.00000000 NS 14132313.45000000 2.851641038451 Long EC CORP DE N 1 N N N Derwent London PLC 213800BXKQ9KZNUR1M61 Derwent London PLC 000000000 116419.00000000 NS 3185620.48000000 0.642799646769 Long EC GB N 1 N N N Catena AB 549300EMLM7AH5LDLY65 Catena AB 000000000 143225.00000000 NS 6998007.75000000 1.412069308956 Long EC CORP SE N 1 N N N Land Securities Group PLC 213800V8IAVKS37D6B88 Land Securities Group PLC 000000000 765778.00000000 NS 6361677.60000000 1.283669583309 Long EC GB N 1 N N N KDX Realty Investment Corp 353800FFT483NCIHFY42 KDX Realty Investment Corp 000000000 7882.00000000 NS 8377683.97000000 1.690462605471 Long EC JP N 1 N N N Mitsui Fudosan Co Ltd 353800ND4ZKNZDYKMF33 Mitsui Fudosan Co Ltd 000000000 3414576.00000000 NS 36620188.51000000 7.389280796835 Long EC CORP JP N 1 N N N Goodman Property Trust N/A Goodman Property Trust 000000000 2996019.00000000 NS 4081135.70000000 0.823498154550 Long EC NZ N 1 N N N TAG Immobilien AG 529900TAE68USJNXLR59 TAG Immobilien AG 000000000 349017.00000000 NS 4772605.93000000 0.963024134618 Long EC CORP DE N 1 N N N Mapletree Logistics Trust 549300M9EBZIYH387075 Mapletree Logistics Trust 000000000 4054400.00000000 NS 4383946.68000000 0.884599843281 Long EC SG N 1 N N N United Urban Investment Corp 353800GYZWBD7BDCN841 United Urban Investment Corp 000000000 10882.00000000 NS 11063151.01000000 2.232340483129 Long EC JP N 1 N N N Nomura Real Estate Holdings Inc 353800UZ91CT24OL9P59 Nomura Real Estate Holdings Inc 000000000 184300.00000000 NS 5190057.47000000 1.047258180745 Long EC CORP JP N 1 N N N Merlin Properties Socimi SA 959800L8KD863DP30X04 Merlin Properties Socimi SA 000000000 208723.00000000 NS 2246178.37000000 0.453237500161 Long EC ES N 1 N N N Sumitomo Realty & Development Co Ltd 353800SO2DCLOI3LNZ64 Sumitomo Realty & Development Co Ltd 000000000 647100.00000000 NS 24006563.61000000 4.844083187418 Long EC CORP JP N 1 N N N Unibail-Rodamco-Westfield N/A Unibail-Rodamco-Westfield 000000000 129595.00000000 NS 10416109.71000000 2.101779444330 Long EC XX N 1 N N N Goodman Group N/A Goodman Group 000000000 1446900.00000000 NS 31878517.44000000 6.432498748242 Long EC AU N 1 N N N Big Yellow Group PLC 213800W7Q4V2ZI8LIW31 Big Yellow Group PLC 000000000 339936.00000000 NS 4565093.53000000 0.921151947313 Long EC GB N 1 N N N Advance Residence Investment Corp N/A Advance Residence Investment Corp 000000000 2191.00000000 NS 4848625.97000000 0.978363581098 Long EC JP N 1 N N N Shurgard Self Storage Ltd 549300J0UEIKU81XO336 Shurgard Self Storage Ltd 000000000 52315.00000000 NS 2335770.76000000 0.471315597350 Long EC GG N 1 N N N Safestore Holdings PLC 213800WGA3YSJC1YOH73 Safestore Holdings PLC 000000000 721743.00000000 NS 6873100.86000000 1.386865394907 Long EC GB N 1 N N N Stockland N/A Stockland 000000000 3596836.00000000 NS 11367809.92000000 2.293815050160 Long EC AU N 1 N N N Cofinimmo SA 549300TM914CSF6KI389 Cofinimmo SA 000000000 7304.00000000 NS 477917.13000000 0.096434890558 Long EC BE N 1 N N N Parkway Life Real Estate Investment Trust 549300I4DKVD2OF5LW91 Parkway Life Real Estate Investment Trust 000000000 2946400.00000000 NS 7637400.48000000 1.541087006944 Long EC SG N 1 N N N GLP J-Reit 353800E27V9KA51K2I90 GLP J-Reit 000000000 7491.00000000 NS 6274665.08000000 1.266112056456 Long EC JP N 1 N N N Sun Hung Kai Properties Ltd 529900LUMD393RD3S874 Sun Hung Kai Properties Ltd 000000000 2017127.00000000 NS 19444765.12000000 3.923596118599 Long EC CORP HK N 1 N N N State Street Institutional Treasury Plus Money Market Fund 549300PNASLVKQG64331 State Street Institutional Treasury Plus Money Market Fund 857492862 2600804.56000000 NS USD 2600804.56000000 0.524794545672 Long STIV RF US N 2 N N N Cellnex Telecom SA 5493008T4YG3AQUI7P67 Cellnex Telecom SA 000000000 170292.00000000 NS 6020488.27000000 1.214823849116 Long EC CORP ES N 1 N N N Sagax AB 549300LJX28T6OM8DT95 Sagax AB 000000000 98139.00000000 NS 2589167.94000000 0.522446489689 Long EC CORP SE N 1 N N N Link REIT 529900XUE70U36QX5M62 Link REIT 000000000 1738010.00000000 NS 7472183.94000000 1.507749346598 Long EC HK N 1 N N N ARGAN SA 529900FXM41XSCUSGH04 ARGAN SA 000000000 16521.00000000 NS 1495406.69000000 0.301745577712 Long EC FR N 1 N N N Grainger PLC 2138007CEIRKZMNI2979 Grainger PLC 000000000 1776363.00000000 NS 5779969.19000000 1.166291520599 Long EC CORP GB N 1 N N N Charter Hall Group N/A Charter Hall Group 000000000 701259.00000000 NS 6283412.54000000 1.267877133066 Long EC AU N 1 N N N Japan Metropolitan Fund Invest 353800QDHNIP60E1LQ93 Japan Metropolitan Fund Invest 000000000 10773.00000000 NS 6710885.85000000 1.354133388134 Long EC JP N 1 N N N Aedifica SA 529900DTKNXL0AXQFN28 Aedifica SA 000000000 110056.00000000 NS 6761895.88000000 1.364426274393 Long EC BE N 1 N N N GPT Group/The N/A GPT Group/The 000000000 2844784.00000000 NS 8471882.53000000 1.709470143084 Long EC AU N 1 N N N Nippon Prologis REIT Inc 353800PHBMSDLAFURY41 Nippon Prologis REIT Inc 000000000 4536.00000000 NS 8078382.88000000 1.630069148015 Long EC JP N 1 N N N CapitaLand Integrated Commercial Trust 54930031292WUTXF0L29 CapitaLand Integrated Commercial Trust 000000000 6725300.00000000 NS 9861947.05000000 1.989959607555 Long EC SG N 1 N N N First Capital Real Estate Investment Trust 54930042UG2WCIIAQZ39 First Capital Real Estate Investment Trust 31890B103 555129.00000000 NS 6438357.09000000 1.299142094675 Long EC CA N 1 N N N Mitsui Fudosan Logistics Park Inc 353800DN63EIYS760S59 Mitsui Fudosan Logistics Park Inc 000000000 3255.00000000 NS 9783491.87000000 1.974128794592 Long EC JP N 1 N N N Mirvac Group N/A Mirvac Group 000000000 4237712.00000000 NS 6517152.29000000 1.315041517424 Long EC AU N 1 N N N Fastighets AB Balder 549300GHKJCEZOAEUU82 Fastighets AB Balder 000000000 1578734.00000000 NS 11604520.84000000 2.341578962000 Long EC CORP SE N 1 N N N Daiwa Office Investment Corp N/A Daiwa Office Investment Corp 000000000 1269.00000000 NS 4937514.86000000 0.996299724921 Long EC JP N 1 N N N VGP NV 315700NENYPIXFR94T49 VGP NV 000000000 41367.00000000 NS 4735113.98000000 0.955458948380 Long EC CORP BE N 1 N N N Tritax Big Box REIT PLC 213800L6X88MIYPVR714 Tritax Big Box REIT PLC 000000000 5246754.00000000 NS 10410081.66000000 2.100563094663 Long EC GB N 1 N N N UNITE Group PLC/The 213800BBUUWVDH9YI827 UNITE Group PLC/The 000000000 185267.00000000 NS 2286903.38000000 0.461455058469 Long EC GB N 1 N N N Klepierre SA 969500PB4U31KEFHZ621 Klepierre SA 000000000 278573.00000000 NS 7212922.90000000 1.455435235115 Long EC FR N 1 N N N Ingenia Communities Group N/A Ingenia Communities Group 000000000 2488997.00000000 NS 8482824.66000000 1.711678063752 Long EC AU N 1 N N N Frasers Centrepoint Trust 5493002RGQ266FKERZ83 Frasers Centrepoint Trust 000000000 4784517.00000000 NS 7760112.74000000 1.565848085006 Long EC SG N 1 N N N Canadian Apartment Properties REIT 549300B1MYVTQEB2DI90 Canadian Apartment Properties REIT 134921105 212803.00000000 NS 7303688.66000000 1.473750096798 Long EC CA N 1 N N N National Storage REIT N/A National Storage REIT 000000000 3735694.00000000 NS 5842476.37000000 1.178904320359 Long EC AU N 1 N N N Vonovia SE 5299005A2ZEP6AP7KM81 Vonovia SE 000000000 415025.00000000 NS 12268341.26000000 2.475525718738 Long EC CORP DE N 1 N N N Sands China Ltd 549300EVO6UZDGY05787 Sands China Ltd 000000000 1350800.00000000 NS 3805483.65000000 0.767876638590 Long EC CORP KY N 1 N N N Eurocommercial Properties NV 724500SFK53FPNM68L95 Eurocommercial Properties NV 000000000 109264.00000000 NS 2491971.70000000 0.502834075363 Long EC NL N 1 N N N Invincible Investment Corp 353800JY6M2692VAV685 Invincible Investment Corp 000000000 25002.00000000 NS 11214399.52000000 2.262859651816 Long EC JP N 1 N N N Warehouses De Pauw CVA 549300HWDYC5JXC85138 Warehouses De Pauw CVA 000000000 173134.00000000 NS 4942346.95000000 0.997274751847 Long EC BE N 1 N N N Segro PLC 213800XC35KGM9NFC641 Segro PLC 000000000 1474736.00000000 NS 16822770.15000000 3.394525737764 Long EC GB N 1 N N N CK Asset Holdings Ltd 5299006GJZSGP78B8S35 CK Asset Holdings Ltd 000000000 144476.00000000 NS 594376.73000000 0.119934296784 Long EC CORP KY N 1 N N N Dream Industrial Real Estate Investment Trust 549300QOI0TM3CBYUH79 Dream Industrial Real Estate Investment Trust 26153W109 751217.00000000 NS 7309468.13000000 1.474916287592 Long EC CA N 1 N N N Digital Core REIT Management Pte Ltd 549300IIGO612K0POE26 Digital Core REIT Management Pte Ltd 000000000 10059000.00000000 NS USD 6035400.00000000 1.217832762085 Long EC SG N 1 N N N Mercialys SA 969500081CGAXB7YS433 Mercialys SA 000000000 250921.00000000 NS 2920918.78000000 0.589387710122 Long EC FR N 1 N N N Boardwalk Real Estate Investment Trust 549300RMNRTTJRCOYW23 Boardwalk Real Estate Investment Trust 096631106 200926.00000000 NS 11581929.11000000 2.337020366224 Long EC CA N 1 N N N Montea NV 5493006K5LQDD0GK1T60 Montea NV 000000000 22068.00000000 NS 1987972.98000000 0.401136399440 Long EC BE N 1 N N N 2024-04-30 Cohen & Steers International Realty Fund, Inc. Albert Laskaj Albert Laskaj Treasurer and Chief Financial Officer XXXX NPORT-EX 2 NPORT_4X41_84612449_0324.htm IRF N-PORT

COHEN & STEERS INTERNATIONAL REALTY FUND, INC.

SCHEDULE OF INVESTMENTS

March 28, 2024 (Unaudited)*

 

                                                                       
              Shares      Value  

COMMON STOCK—REAL ESTATE

     99.1     

AUSTRALIA

     15.9     

DIVERSIFIED

     14.7     

Charter Hall Group

 

    701,259      $ 6,283,413  

Goodman Group

 

    1,446,900        31,878,517  

GPT Group

 

    2,844,784        8,471,883  

Ingenia Communities Group

 

    2,488,997        8,482,825  

Mirvac Group

 

    4,237,712        6,517,152  

Stockland

 

    3,596,836        11,367,810  
       

 

 

 
          73,001,600  
       

 

 

 

SELF STORAGE

     1.2     

National Storage REIT

 

    3,735,694        5,842,476  
       

 

 

 

TOTAL AUSTRALIA

 

       78,844,076  
       

 

 

 

BELGIUM

     4.3     

DIVERSIFIED

     0.0     

Cofinimmo SA

 

    4,389        287,182  
       

 

 

 

HEALTH CARE

     1.4     

Aedifica SA

 

    110,056        6,761,896  
       

 

 

 

INDUSTRIALS

     2.4     

Montea NV

 

    22,068        1,987,973  

VGP NV

 

    41,367        4,735,114  

Warehouses De Pauw CVA

 

    173,134        4,942,347  
       

 

 

 
          11,665,434  
       

 

 

 

SELF STORAGE

     0.5     

Shurgard Self Storage Ltd.

 

    52,315        2,335,771  
       

 

 

 

TOTAL BELGIUM

 

       21,050,283  
       

 

 

 

CANADA

     6.6     

INDUSTRIALS

     1.5     

Dream Industrial Real Estate Investment Trust

 

    751,217        7,309,468  
       

 

 

 

RESIDENTIAL

     3.8     

Boardwalk Real Estate Investment Trust

 

    200,926        11,581,929  

Canadian Apartment Properties REIT

 

    212,803        7,303,689  
       

 

 

 
          18,885,618  
       

 

 

 

RETAIL

     1.3     

First Capital Real Estate Investment Trust

 

    555,129        6,438,357  
       

 

 

 

TOTAL CANADA

 

       32,633,443  
       

 

 

 

FRANCE

     4.5     

INDUSTRIALS

     0.3     

ARGAN SA

       16,521        1,495,407  
       

 

 

 

RETAIL

     4.2     

Klepierre SA

 

    278,573        7,212,923  

Mercialys SA

 

    250,921        2,920,919  

Unibail-Rodamco-Westfield(a)

 

    129,595        10,416,109  
       

 

 

 
          20,549,951  
       

 

 

 

TOTAL FRANCE

 

       22,045,358  
       

 

 

 

 

1

 

 


                                                                       
              Shares      Value  

GERMANY

     6.3     

RESIDENTIAL

       

LEG Immobilien SE(a)

 

    164,607      $ 14,132,313  

TAG Immobilien AG(a)

 

    349,017        4,772,606  

Vonovia SE

 

    415,025        12,268,341  
       

 

 

 
          31,173,260  
       

 

 

 

HONG KONG

     6.4     

DIVERSIFIED

     5.7     

Link REIT

 

    1,738,010        7,472,184  

Sun Hung Kai Properties Ltd.

 

    2,141,127        20,640,104  
       

 

 

 
          28,112,288  
       

 

 

 

HOTEL

     0.7     

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

 

    1,350,800        3,805,484  
       

 

 

 

TOTAL HONG KONG

 

       31,917,772  
       

 

 

 

JAPAN

     27.7     

DIVERSIFIED

     16.9     

Japan Metropolitan Fund Invest

 

    10,773        6,710,886  

Mitsui Fudosan Co. Ltd.

 

    3,414,576        36,620,188  

Nomura Real Estate Holdings, Inc.

 

    184,300        5,190,057  

Sumitomo Realty & Development Co. Ltd.

 

    647,100        24,006,564  

United Urban Investment Corp.

 

    10,882        11,063,151  
       

 

 

 
          83,590,846  
       

 

 

 

HOTEL

     2.2     

Invincible Investment Corp.

 

    25,002        11,214,399  
       

 

 

 

INDUSTRIALS

     4.9     

GLP J-Reit

 

    7,491        6,274,665  

Mitsui Fudosan Logistics Park, Inc.

 

    3,255        9,783,492  

Nippon Prologis REIT, Inc.

 

    4,536        8,078,383  
       

 

 

 
          24,136,540  
       

 

 

 

OFFICE

     2.7     

Daiwa Office Investment Corp.

 

    1,269        4,937,515  

KDX Realty Investment Corp.

 

    7,882        8,377,684  
       

 

 

 
          13,315,199  
       

 

 

 

RESIDENTIAL

     1.0     

Advance Residence Investment Corp.

 

    2,191        4,848,626  
       

 

 

 

TOTAL JAPAN

 

       137,105,610  
       

 

 

 

NETHERLANDS

     0.5     

RETAIL

       

Eurocommercial Properties NV

 

    109,264        2,491,972  
       

 

 

 

NEW ZEALAND

     0.8     

INDUSTRIALS

       

Goodman Property Trust

 

    2,996,019        4,081,136  
       

 

 

 

SINGAPORE

     7.2     

DATA CENTERS

     1.2     

Digital Core REIT Management Pte. Ltd.

 

    10,059,000        6,035,400  
       

 

 

 

DIVERSIFIED

     2.0     

CapitaLand Integrated Commercial Trust

 

    6,725,300        9,861,947  
       

 

 

 

HEALTH CARE

     1.5     

Parkway Life Real Estate Investment Trust

 

    2,946,400        7,637,400  
       

 

 

 

 

2

 

 


                                                                       
              Shares      Value  

INDUSTRIALS

     0.9     

Mapletree Logistics Trust

 

    4,054,400      $ 4,383,947  
       

 

 

 

RETAIL

     1.6     

Frasers Centrepoint Trust

 

    4,784,517        7,760,113  
    

 

 

 

TOTAL SINGAPORE

 

       35,678,807  
       

 

 

 

SPAIN

     1.7     

DIVERSIFIED

     0.5     

Merlin Properties Socimi SA

 

    208,723        2,246,179  
       

 

 

 

INFRASTRUCTURE

     1.2     

Cellnex Telecom SA(b)

 

    170,292        6,020,488  
    

 

 

 

TOTAL SPAIN

 

       8,266,667  
       

 

 

 

SWEDEN

     4.3     

DIVERSIFIED

     2.4     

Fastighets AB Balder, Class B(a)

 

    1,578,734        11,604,521  
       

 

 

 

INDUSTRIAL OFFICE

     0.5     

Sagax AB, Class B

 

    98,139        2,589,168  
       

 

 

 

INDUSTRIALS

     1.4     

Catena AB

 

    143,225        6,998,007  
       

 

 

 

TOTAL SWEDEN

 

       21,191,696  
       

 

 

 

UNITED KINGDOM

     12.9     

DIVERSIFIED

     1.3     

Land Securities Group PLC

 

    765,778        6,361,678  
       

 

 

 

INDUSTRIAL OFFICE

     1.5     

LondonMetric Property PLC

 

    2,915,921        7,478,428  
       

 

 

 

INDUSTRIALS

     5.5     

Segro PLC

 

    1,474,736        16,822,770  

Tritax Big Box REIT PLC

 

    5,246,754        10,410,082  
       

 

 

 
          27,232,852  
       

 

 

 

OFFICE

     0.7     

Derwent London PLC

 

    116,419        3,185,620  
       

 

 

 

RESIDENTIAL

     1.6     

Grainger PLC

 

    1,776,363        5,779,969  

UNITE Group PLC

 

    185,267        2,286,904  
       

 

 

 
          8,066,873  
       

 

 

 

SELF STORAGE

     2.3     

Big Yellow Group PLC

 

    339,936        4,565,093  

Safestore Holdings PLC

 

    721,743        6,873,101  
       

 

 

 
          11,438,194  
       

 

 

 

TOTAL UNITED KINGDOM

 

       63,763,645  
       

 

 

 

TOTAL COMMON STOCK
(Identified cost—$428,065,421)

 

       490,243,725  
    

 

 

 

SHORT-TERM INVESTMENTS

     0.5     

MONEY MARKET FUNDS

       

State Street Institutional Treasury Plus Money Market Fund, Premier Class, 5.25%(c)

 

    2,600,805        2,600,805  
    

 

 

 

TOTAL SHORT-TERM INVESTMENTS
(Identified cost—$2,600,805)

 

       2,600,805  
    

 

 

 

TOTAL INVESTMENTS IN SECURITIES
(Identified cost—$430,666,226)

     99.6        492,844,530  

OTHER ASSETS IN EXCESS OF LIABILITIES

     0.4          1,738,571  
  

 

 

      

 

 

 

NET ASSETS

     100.0      $ 494,583,101  
  

 

 

      

 

 

 

 

3

 

 


Glossary of Portfolio Abbreviations

REIT  Real Estate Investment Trust

 

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

*

March 28, 2024 represents the last business day of the Fund’s quarterly period. See Note 1 of the accompanying Notes to Schedule of Investments.

(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 $6,020,488 which represents 1.2% of the net assets of the Fund, of which 0.0% are illiquid.

(c)

Rate quoted represents the annualized seven-day yield.

 

                       

Sector Summary

   % of
Net
Assets
 

Diversified

     43.5  

Industrials

     17.7  

Residential

     12.7  

Retail

     7.6  

Self Storage

     4.0  

Office

     3.3  

Hotel

     3.0  

Health Care

     2.9  

Industrial Office

     2.0  

Data Centers

     1.2  

Infrastructure

     1.2  

Other (includes short-term investments)

     0.9  
  

 

 

 
     100.0  
  

 

 

 

 

4

 

 


COHEN & STEERS INTERNATIONAL REALTY FUND, INC.

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)

 

Note 1. Quarterly Period

Since March 28, 2024 represents the last day during the Fund’s quarterly period on which the New York Stock Exchange was open for trading, the Fund’s schedule of investments have been presented through that date to maintain consistency with the Fund’s net asset value (NAV) calculations used for shareholder transactions.

Note 2. 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 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.

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)

 

 

 


COHEN & STEERS INTERNATIONAL REALTY FUND, INC.

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

 

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 28, 2024 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

   $ 490,243,725      $      $      $ 490,243,725  

Short-Term Investments

            2,600,805               2,600,805  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total Investments in Securities(a)

   $ 490,243,725      $ 2,600,805      $      $ 492,844,530  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(a)

Portfolio holdings are disclosed individually on the Schedule of Investments.