CBRE Global Real Estate Income Fund

Portfolio of Investments (unaudited)

March 31, 2025

Shares	Market   value
	Real Estate Securities*- 146.4%
	Common Stock - 138.3%
	Australia - 5.4%
950,420	Charter Hall Group	$	9,582,674
655,202	Goodman Group		11,607,660
3,459,899	Scentre Group		7,244,282
3,986,487	Stockland		12,172,479
			40,607,095
	Belgium - 2.3%
167,362	Aedifica SA		11,290,043
93,958	Cofinimmo SA		6,196,204
			17,486,247
	Canada - 3.4%
73,134	Boardwalk Real Estate Investment Trust		3,409,617
176,498	Canadian Apartment Properties REIT		5,290,342
939,900	H&R Real Estate Investment Trust		6,563,137
850,000	RioCan Real Estate Investment Trust		10,128,539
			25,391,635
	China - 0.9%
4,500,000	ESR Group Ltd.		7,079,419
	France - 2.3%
169,904	Carmila SA		3,211,796
168,449	Unibail-Rodamco-Westfield		14,174,644
			17,386,440
	Germany - 2.0%
105,598	LEG Immobilien SE		7,466,859
287,379	Vonovia SE		7,748,291
			15,215,150
	Hong Kong - 6.2%
2,729,161	CK Asset Holdings Ltd.		11,031,980
4,706,470	Link REIT		22,019,139
4,382,000	Swire Properties Ltd.		9,608,488
1,422,303	Wharf Real Estate Investment Co. Ltd.		3,458,732
			46,118,339
	Japan - 10.8%
3,139	Activia Properties, Inc.		7,136,953
7,321	AEON REIT Investment Corp.		6,060,852
18,326	Japan Hotel REIT Investment Corp.		8,884,813
24,096	Japan Metropolitan Fund Investment Corp.		15,420,538
8,994	KDX Realty Investment Corp.		8,889,349
10,619	LaSalle Logiport REIT		9,891,846
10,122	Orix JREIT, Inc.		11,926,551
280,300	Tokyo Tatemono Co. Ltd.		4,735,709
1,163,300	Tokyu Fudosan Holdings Corp.		7,765,965
			80,712,576
	Singapore - 5.3%
3,822,800	CapitaLand Ascendas REIT		7,593,837
13,702,944	CapitaLand China Trust		7,187,393
9,872,134	CapitaLand Integrated Commercial Trust		15,424,062

Shares	Market   value
	Singapore (continued)
5,878,600	Frasers Logistics & Commercial Trust	$	4,001,874
8,338,000	Keppel REIT		5,334,930
			39,542,096
	Sweden - 1.6%
1,109,753	Castellum AB (a)		12,240,857
	United Kingdom - 6.4%
2,598,836	Land Securities Group PLC		18,449,542
3,939,857	LondonMetric Property PLC		9,326,610
829,603	Safestore Holdings PLC		6,574,802
2,668,000	Supermarket Income REIT PLC		2,637,902
2,696,061	Tritax Big Box REIT PLC		4,885,858
550,000	UNITE Group PLC (The)		5,778,713
			47,653,427
	United States - 91.7%
178,107	Alexandria Real Estate Equities, Inc.		16,476,679
209,073	American Tower Corp.		45,494,285
753,292	Americold Realty Trust, Inc.		16,165,646
154,739	AvalonBay Communities, Inc.		33,210,084
652,710	Broadstone Net Lease, Inc.		11,122,178
170,738	COPT Defense Properties		4,656,025
333,020	Crown Castle, Inc.		34,710,675
659,781	CubeSmart		28,179,246
50,136	EastGroup Properties, Inc.		8,831,456
640,539	Empire State Realty Trust, Inc., Class A		5,009,015
47,064	Equinix, Inc.		38,373,632
76,610	Essex Property Trust, Inc.		23,486,328
202,656	Extra Space Storage, Inc.		30,092,389
145,732	Federal Realty Investment Trust		14,255,504
147,857	First Industrial Realty Trust, Inc.		7,978,364
941,911	Healthcare Realty Trust, Inc.		15,918,296
1,284,701	Healthpeak Properties, Inc.		25,976,654
426,460	Host Hotels & Resorts, Inc.		6,059,997
418,300	Independence Realty Trust, Inc.		8,880,509
1,418,143	Invitation Homes, Inc.		49,422,283
87,945	Iron Mountain, Inc.		7,566,788
291,063	Lineage, Inc.		17,065,024
9,589	Marriott International, Inc., Class A		2,284,100
316,068	National Storage Affiliates Trust		12,453,079
800,659	Park Hotels & Resorts, Inc.		8,551,038
696,892	Piedmont Office Realty Trust, Inc., Class A		5,136,094
575,980	Realty Income Corp.		33,412,600
201,365	Regency Centers Corp.		14,852,682
652,365	Rexford Industrial Realty, Inc.		25,540,090
209,316	Simon Property Group, Inc.		34,763,201
262,148	Sun Communities, Inc.		33,722,719
1,408,200	Sunstone Hotel Investors, Inc.		13,251,162
603,019	VICI Properties, Inc.		19,670,480
140,635	Vornado Realty Trust		5,202,089
195,099	Welltower, Inc.		29,891,118
			687,661,509
	Total Common Stock (cost $1,301,552,081)		1,037,094,790

See previously submitted notes to financial statements for the annual period ended December 31, 2024.

CBRE Global Real Estate Income Fund

Portfolio of Investments (unaudited) continued

March 31, 2025

Shares	Market   value
	Preferred Stock - 8.1%
	United States - 8.1%
245,403	Digital Realty Trust, Inc., Series J, 5.250%	$	5,138,739
301,100	Digital Realty Trust, Inc., Series L, 5.200%		6,058,132
282,200	Federal Realty Investment Trust, Series C, 5.000%		5,762,524
405,900	National Storage Affiliates Trust, Series A, 6.000%		8,885,151
383,644	Pebblebrook Hotel Trust, Series E, 6.375%		6,579,495
541,950	Pebblebrook Hotel Trust, Series F, 6.300%		9,489,544
262,125	Pebblebrook Hotel Trust, Series G, 6.375%		4,642,234
143,517	Rexford Industrial Realty, Inc., Series B, 5.875%		3,286,539
287,077	Summit Hotel Properties, Inc., Series E, 6.250%		5,707,091
265,000	Sunstone Hotel Investors, Inc., Series H, 6.125%		5,244,350
	Total Preferred Stock (cost $75,166,456)		60,793,799
	Total Investments - 146.4% (cost $1,376,718,537)		1,097,888,589
	Liabilities in Excess of Other Assets - (46.4)%		(347,940,909	)
	Net Assets - 100.0%	$	749,947,680

* 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) Non-income producing security.

See previously submitted notes to financial statements for the annual period ended December 31, 2024.

CBRE Global Real Estate Income Fund

Portfolio of Investments (unaudited) concluded

March 31, 2025

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 March 31, 2025.

Assets	Level 1		Level 2		Level 3		Total
INVESTMENT IN REAL ESTATE SECURITIES
Common Stock
Australia	$	40,607,095	$	–	$	–	$	40,607,095
Belgium		17,486,247		–		–		17,486,247
Canada		25,391,635		–		–		25,391,635
China		7,079,419		–		–		7,079,419
France		17,386,440		–		–		17,386,440
Germany		15,215,150		–		–		15,215,150
Hong Kong		46,118,339		–		–		46,118,339
Japan		80,712,576		–		–		80,712,576
Singapore		39,542,096		–		–		39,542,096
Sweden		12,240,857		–		–		12,240,857
United Kingdom		47,653,427		–		–		47,653,427
United States		687,661,509		–		–		687,661,509
Total Common Stock		1,037,094,790		–		–		1,037,094,790
Preferred Stock
United States		60,793,799		–		–		60,793,799
TOTAL INVESTMENT IN REAL ESTATE SECURITIES	$	1,097,888,589	$	–	$	–	$	1,097,888,589

See previously submitted notes to financial statements for the annual period ended December 31, 2024.