CBRE Clarion Global Real Estate Income Fund

Portfolio of Investments (unaudited)

September 30, 2019

Shares			Market Value
		Real Estate Securities*- 114.3%
		Common Stock - 92.9%
		Australia - 5.1%
	1,250,380	Dexus	$	10,060,790
	374,634	Goodman Group		3,582,887
	1,414,918	GPT Group		5,878,434
	12,172,094	Mirvac Group		25,120,968
	2,883,891	Scentre Group		7,644,006
				52,287,085
		Belgium - 1.5%
	140,586	Shurgard Self Storage SA		4,483,055
	60,283	Warehouses De Pauw CVA		11,067,335
				15,550,390
		Canada - 3.0%
	448,000	Canadian Apartment Properties REIT		18,430,937
	520,400	Chartwell Retirement Residences		5,785,716
	470,200	Killam Apartment Real Estate Investment Trust		7,113,373
				31,330,026
		France - 1.1%
	79,744	Unibail-Rodamco-Westfield		11,627,810
		Germany - 4.9%
	1,399,480	Aroundtown SA		11,448,950
	191,784	Deutsche EuroShop AG		5,411,065
	396,322	Grand City Properties SA		8,917,929
	138,194	LEG Immobilien AG		15,819,203
	220,156	TLG Immobilien AG		5,988,350
	67,103	Vonovia SE		3,405,397
				50,990,894
		Hong Kong - 3.9%
	1,111,000	Hysan Development Co. Ltd.		4,478,353
	2,114,000	Link REIT		23,312,409
	9,532,000	New World Development Co., Ltd.		12,377,957
				40,168,719
		Ireland - 1.1%
	7,073,713	Hibernia REIT PLC		11,428,830
		Japan - 11.1%
	6,794	AEON REIT Investment Corp.		9,360,413
	12,384	GLP J-Reit		16,431,789
	15,770	Japan Hotel REIT Investment Corp.		11,760,925
	1,098	Kenedix Office Investment Corp.		8,676,308
	492,400	Mitsubishi Estate Co. Ltd.		9,494,903
	932,200	Mitsui Fudosan Co., Ltd.		23,107,692
	2,516	Nippon Prologis REIT, Inc.		6,893,246
	282,000	Nomura Real Estate Holdings, Inc.		6,090,104
	10,382	Orix JREIT, Inc.		22,670,849
				114,486,229
		Mexico - 1.2%
	6,043,300	Prologis Property Mexico SA de CV		12,610,614
		Singapore - 2.0%
	2,334,300	CapitaLand Ltd.		5,958,550

Shares			Market Value
		Singapore (continued)
	5,184,000	CapitaLand Retail China Trust	$	5,735,426
	1,247,100	City Developments Ltd.		8,855,681
				20,549,657
		Spain - 0.7%
	595,442	Inmobiliaria Colonial Socimi SA		7,186,099
		Sweden - 2.2%
	379,374	Castellum AB		8,133,728
	894,380	Fabege AB		14,754,498
				22,888,226
		United Kingdom - 3.7%
	842,423	Land Securities Group PLC		8,890,438
	1,800,470	Segro PLC		17,989,369
	827,413	UNITE Group PLC (The)		11,134,258
				38,014,065
		United States - 51.4%
	83,603	Alexandria Real Estate Equities, Inc.		12,878,206
	277,004	American Campus Communities, Inc.		13,318,352
	64,894	AvalonBay Communities, Inc.		13,973,625
	115,792	Camden Property Trust		12,854,070
	637,618	Columbia Property Trust, Inc.		13,485,621
	265,123	Cousins Properties, Inc.		9,965,974
	88,179	Crown Castle International Corp.		12,257,763
	541,844	CubeSmart		18,910,356
	294,591	Douglas Emmett, Inc.		12,617,332
	632,159	Duke Realty Corp.		21,474,441
	22,909	Equinix, Inc. (a)		13,213,911
	371,300	Equity Residential		32,028,338
	102,113	Extra Space Storage, Inc. (a)		11,928,841
	75,450	Federal Realty Investment Trust		10,271,763
	513,912	HCP, Inc.		18,310,685
	729,008	Healthcare Trust of America, Inc., Class A		21,418,255
	617,730	Host Hotels & Resorts, Inc.		10,680,552
	285,296	Hudson Pacific Properties, Inc.		9,546,004
	868,164	Invitation Homes, Inc.		25,706,336
	316,094	Liberty Property Trust		16,225,105
	566,916	MGM Growth Properties LLC, Class A		17,035,826
	545,592	Piedmont Office Realty Trust, Inc., Class A		11,391,961
	378,177	Prologis, Inc. (a)		32,228,244
	189,701	Regency Centers Corp. (a)		13,182,322
	174,214	Simon Property Group, Inc.		27,116,409
	543,728	STORE Capital Corp.		20,340,864
	116,477	Sun Communities, Inc.		17,291,011
	218,206	Taubman Centers, Inc.		8,909,351
	99,389	Ventas, Inc.		7,258,379
	1,842,544	VEREIT, Inc.		18,020,080
	826,943	VICI Properties, Inc.		18,730,259
	311,057	Welltower, Inc.		28,197,317
				530,767,553
		Total Common Stock (cost $859,122,232)		959,886,197

See previously submitted notes to financial  statements for the semi-annual period ended June 30, 2019.

CBRE Clarion Global Real Estate Income Fund

Portfolio of Investments (unaudited) continued

September 30, 2019

Shares			Market Value
		Preferred Stock - 21.4%
		United States - 21.4%
	525,265	American Homes 4 Rent, Series D, 6.500%	$	14,234,681
	741,000	Brookfield Property REIT, Inc., Series A, 6.375%		18,569,460
	500,302	Digital Realty Trust, Inc., Series C, 6.625%		13,323,042
	245,403	Digital Realty Trust, Inc., Series J, 5.250%		6,358,392
	280,000	EPR Properties, Series G, 5.750%		7,266,000
	282,200	Federal Realty Investment Trust, Series C, 5.000%		7,128,372
	767,325	iStar, Inc., Series I, 7.500%		19,781,638
	405,900	National Storage Affiliates Trust, Series A, 6.000%		10,792,881
	500,000	Pebblebrook Hotel Trust, Series D, 6.375%		13,405,000
	400,000	Pebblebrook Hotel Trust, Series E, 6.375%		10,060,000
	500,000	Pebblebrook Hotel Trust, Series F, 6.300%		12,680,000
	272,000	Pennsylvania Real Estate Investment Trust, Series B, 7.375%		5,630,400
	341,100	Pennsylvania Real Estate Investment Trust, Series C, 7.200%		6,552,531
	600,000	Public Storage, Series B, 5.400%		15,468,000
	143,517	Rexford Industrial Realty, Inc., Series B, 5.875%		3,709,914
	369,474	SITE Centers Corp., Series J, 6.500%		9,329,219
	150,000	STAG Industrial, Inc., Series C, 6.875%		3,918,000
	225,000	Summit Hotel Properties, Inc., Series D, 6.450%		5,916,375
	287,077	Summit Hotel Properties, Inc., Series E, 6.250%		7,682,181
	600,000	Sunstone Hotel Investors, Inc., Series E, 6.950%		16,554,000
	379,377	Sunstone Hotel Investors, Inc., Series F, 6.450%		9,723,433
	120,000	Taubman Centers, Inc., Series K, 6.250%		3,099,600
		Total Preferred Stock (cost $217,440,703)		221,183,119
		Total Investments - 114.3% (cost $1,076,562,935)		1,181,069,316
		Liabilities in Excess of Other Assets - (14.3)%		(148,175,424	)
		Net Assets - 100.0%	$	1,032,893,892

Number of   Contracts			Notional Amount			Market   Value
		Written Call Options - (0.0)%(b)
		United States - (0.0)%(b)
	(110)	Equinix, Inc. Expires 10/18/2019 Strike Price $600.00		(11,000	)	$	(39,600	)
	(500)	Extra Space Storage, Inc. Expires 10/18/2019 Strike Price $125.00		(50,000	)		(5,000	)
	(1,750)	Prologis, Inc. Expires 11/15/2019 Strike Price $90.00		(175,000	)		(148,750	)
	(900)	Regency Centers Corp. Expires 10/18/2019 Strike Price $70.00		(90,000	)		(49,500	)
		Total Written Call Options (Premiums Received $228,647)				$	242,850	)

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

(a) A portion of the security has been pledged for open written option contracts. The aggregate market value of the collateral as of September 30, 2019 is $33,356,100.

(b) Rounds to less than 0.1%

See previously submitted notes to financial statements for the semi-annual period ended June 30, 2019.

CBRE Clarion Global Real Estate Income Fund

Portfolio of Investments (unaudited) concluded

September 30, 2019

Securities Valuation

The following is a summary of various inputs used in determining the value of the Trust’s investments. These inputs are summarized in three broad levels. Level 1 includes quoted prices in active markets for identical investments. Level 2 includes other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.). Level 3 includes significant unobservable inputs (including the Trust’s own assumptions in determining the fair value of investments). The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities.

The following is a summary of inputs used as of September 30, 2019.

Assets		Level 1			Level 2			Level 3		Total
Investments in Real Estate Securities
Common Stock
Australia	$	52,287,085		$	–		$	–	$	52,287,085
Belgium		15,550,390			–			–		15,550,390
Canada		31,330,026			–			–		31,330,026
France		11,627,810			–			–		11,627,810
Germany		50,990,894			–			–		50,990,894
Hong Kong		40,168,719			–			–		40,168,719
Ireland		11,428,830			–			–		11,428,830
Japan		114,486,229			–			–		114,486,229
Mexico		12,610,614			–			–		12,610,614
Singapore		20,549,657			–			–		20,549,657
Spain		7,186,099			–			–		7,186,099
Sweden		22,888,226			–			–		22,888,226
United Kingdom		38,014,065			–			–		38,014,065
United States		530,767,553			–			–		530,767,553
Total Common Stock		959,886,197			–			–		959,886,197
Preferred Stock
United States		217,473,205			3,709,914			–		221,183,119
Total Investment in Real Estate Securities	$	1,177,359,402		$	3,709,914		$	–	$	1,181,069,316
Liabilities
Other Financial Instruments
Written Call Options	$	(237,850	)	$	(5,000	)	$	–	$	(242,850)
Total Liabilities	$	(237,850	)	$	(5,000	)	$	–	$	(242,850)

See previously submitted notes to financial statements for the semi-annual period ended June 30, 2019.