COHEN & STEERS INFRASTRUCTURE FUND, INC.

SCHEDULE OF INVESTMENTS 

March 31, 2025 (Unaudited) 

				Shares/Units		Value
COMMON STOCK		113.8	%
AUSTRALIA		5.2	%
RAILWAYS		0.7	%
Aurizon Holdings Ltd.(a)					8,589,984	$	16,639,101
TOLL ROADS		4.5	%
Atlas Arteria Ltd.(a)(b)					18,295,481		55,444,870
Transurban Group(a)(b)					6,284,238		52,578,598
							108,023,468
TOTAL AUSTRALIA							124,662,569
BRAZIL		2.5	%
ELECTRIC		0.9	%
Cia Paranaense de Energia—Copel(a)					13,121,076		21,544,828
MARINE PORTS		0.7	%
Santos Brasil Participacoes SA(a)					7,406,818		17,276,021
TOLL ROADS		0.9	%
CCR SA(a)					10,300,010		21,009,930
TOTAL BRAZIL							59,830,779
CANADA		11.8	%
DIVERSIFIED		0.1	%
Tidewater Renewables Ltd.(c)					789,442		1,782,903
MIDSTREAM		11.2	%
Enbridge, Inc.					1,843,322		81,582,418
Keyera Corp.					748,046		23,251,519
Pembina Pipeline Corp.					658,944		26,356,844
South Bow Corp.					520,442		13,294,498
TC Energy Corp.					2,602,212		122,891,024
							267,376,303
RAILWAYS		0.5	%
Canadian National Railway Co.					113,718		11,066,376
TOTAL CANADA							280,225,582
CHINA		1.7	%
GAS DISTRIBUTION		1.2	%
ENN Energy Holdings Ltd., (H Shares)					3,323,021		27,416,221
MARINE PORTS		0.5	%
China Merchants Port Holdings Co. Ltd., (H Shares)(a)					7,242,000		12,471,043
TOTAL CHINA							39,887,264
FRANCE		1.8	%
ELECTRIC
Engie SA(a)					2,182,934		42,569,919
GREECE		0.4	%
AIRPORT
Athens International Airport SA					1,058,181		10,403,164
HONG KONG		2.4	%
ELECTRIC
CLP Holdings Ltd.(a)					1,741,500		14,189,013

1

				Shares/Units		Value
Power Assets Holdings Ltd.(a)					7,090,000	$	42,459,182
							56,648,195
INDIA		2.3	%
ELECTRIC
NTPC Ltd.					3,829,856		16,041,281
Power Grid Corp. of India Ltd.					11,146,154		37,869,995
							53,911,276
ITALY		1.1	%
GAS DISTRIBUTION
Italgas SpA					3,565,213		25,578,347
JAPAN		3.0	%
ELECTRIC		1.8	%
Chubu Electric Power Co., Inc.					1,674,800		18,122,544
Kansai Electric Power Co., Inc.(a)					2,037,800		24,081,609
							42,204,153
GAS DISTRIBUTION		1.2	%
Osaka Gas Co. Ltd.(a)					901,600		20,335,441
Tokyo Gas Co. Ltd.(a)					302,000		9,590,146
							29,925,587
TOTAL JAPAN							72,129,740
LUXEMBOURG		1.0	%
COMMUNICATIONS
SES SA					4,069,807		24,027,718
MALAYSIA		0.7	%
MARINE PORTS
Westports Holdings Bhd.					15,775,000		17,063,662
MEXICO		3.4	%
AIRPORTS
Grupo Aeroportuario del Centro Norte SAB de CV(a)					2,199,185		21,600,146
Grupo Aeroportuario del Pacifico SAB de CV, Class B					2,010,458		37,140,103
Grupo Aeroportuario del Sureste SAB de CV, Class B					764,413		20,885,999
							79,626,248
NETHERLANDS		1.4	%
MARINE PORTS
Koninklijke Vopak NV(a)					784,026		33,995,459
NEW ZEALAND		1.3	%
AIRPORT
Auckland International Airport Ltd.(a)					6,665,359		30,917,378
PHILIPPINES		0.6	%
MARINE PORTS
International Container Terminal Services, Inc.					2,451,410		15,207,524
SPAIN		2.3	%
AIRPORT
Aena SME SA(a)(d)					234,282		54,871,073

2

				Shares/Units		Value
THAILAND		1.0	%
AIRPORT
Airports of Thailand PCL					22,143,900	$	24,803,779
UNITED KINGDOM		4.6	%
ELECTRIC
National Grid PLC					8,320,656		108,503,098
UNITED STATES		65.3	%
COMMUNICATIONS		8.4	%
American Tower Corp.(e)					554,166		120,586,522
Crown Castle, Inc.(a)					765,231		79,760,027
							200,346,549
DIVERSIFIED		0.0	%
Benson Hill, Inc.(c)(f)					27,500		0
Stem, Inc.(c)					637,750		223,404
							223,404
ELECTRIC		34.1	%
Alliant Energy Corp.(a)					945,688		60,855,023
American Electric Power Co., Inc.(a)(g)					144,516		15,791,263
Consolidated Edison, Inc.					228,427		25,261,742
Dominion Energy, Inc.(a)(g)					1,694,015		94,983,421
Duke Energy Corp.(a)(g)					1,021,827		124,632,239
Edison International(a)					450,782		26,560,076
Evergy, Inc.(a)(g)					390,201		26,904,359
Net Power, Inc.(c)					731,336		1,923,414
NextEra Energy, Inc.(a)					1,832,381		129,897,489
PPL Corp.(a)(e)(g)					3,182,991		114,937,805
Public Service Enterprise Group, Inc.(a)(g)					828,787		68,209,170
Southern Co.(a)					1,116,096		102,625,027
Xcel Energy, Inc.(a)(g)					243,495		17,237,011
							809,818,039
GAS DISTRIBUTION		7.3	%
NiSource, Inc.(a)					3,450,657		138,336,839
Sempra					499,673		35,656,665
							173,993,504
MIDSTREAM		8.0	%
Cheniere Energy, Inc.					102,886		23,807,820
Delek Logistics Partners LP(a)(g)					190,528		8,242,241
Energy Transfer LP(a)(g)					1,606,191		29,859,091
Kinder Morgan, Inc.					493,337		14,074,905
Kinetik Holdings, Inc.					634,229		32,941,854
MPLX LP(a)(g)					514,959		27,560,606
ONEOK, Inc.					165,259		16,396,998
Plains All American Pipeline LP(a)(g)					1,264,432		25,288,640
Venture Global, Inc., Class A(a)(g)					1,183,198		12,186,939
							190,359,094
RAILWAYS		7.5	%
CSX Corp.(a)(g)					2,095,531		61,671,477
Norfolk Southern Corp.(a)(g)					204,941		48,540,276

3

				Shares/Units		Value
Union Pacific Corp.(a)					289,111	$	68,299,583
							178,511,336
TOTAL UNITED STATES							1,553,251,926
TOTAL COMMON STOCK (Identified cost—$2,106,478,695)							2,708,114,700
PREFERRED SECURITIES—EXCHANGE-TRADED		3.5	%
BERMUDA		0.0	%
INSURANCE
RenaissanceRe Holdings Ltd., 5.75%, Series F(a)(h)					7,000		150,640
CANADA		0.2	%
UTILITIES
Algonquin Power & Utilities Corp., 8.864% (3 Month USD Term SOFR + 4.01%), due 7/1/79, Series 19-A(a)(i)					89,073		2,244,640
Brookfield BRP Holdings Canada, Inc., 4.625%(a)(h)					100,000		1,467,000
							3,711,640
NETHERLANDS		0.0	%
INSURANCE
AEGON Funding Co. LLC, 5.10%, due 12/15/49(a)					65,287		1,301,823
UNITED STATES		3.3	%
BANKING		1.1	%
Bank of America Corp., 5.375%, Series KK(a)(h)					61,831		1,388,106
Bank of America Corp., 6.00%, Series GG(a)(g)(h)					184,373		4,592,731
JPMorgan Chase & Co., 5.75%, Series DD(a)(g)(h)					159,744		3,928,105
Morgan Stanley, 6.375%, Series I(a)(h)					118,969		2,957,569
Morgan Stanley, 6.625%, Series Q(h)					100,000		2,550,000
Regions Financial Corp., 5.70% to 5/15/29, Series C(a)(h)(j)					81,114		1,916,724
Wells Fargo & Co., 4.375%, Series CC(a)(h)					58,968		1,061,424
Wells Fargo & Co., 4.70%, Series AA(a)(h)					142,405		2,737,024
Wells Fargo & Co., 4.75%, Series Z(a)(g)(h)					206,575		4,112,908
Wells Fargo & Co., 5.625%, Series Y(a)(h)					65,803		1,531,894
Wells Fargo & Co., 7.50%, Series L (Convertible)(h)					172		206,538
							26,983,023
CONSUMER DISCRETIONARY PRODUCTS		0.1	%
Ford Motor Co., Senior Debt, 6.50%, due 8/15/62(a)					144,325		3,277,621
CONSUMER STAPLE PRODUCTS		0.3	%
CHS, Inc., 6.75%, Series 3(a)(h)					137,935		3,383,545
CHS, Inc., 7.10%, Series 2(a)(h)					135,283		3,382,075
							6,765,620
FINANCIAL SERVICES		0.2	%
Affiliated Managers Group, Inc., 6.75%, due 3/30/64					32,128		771,072
Brookfield Oaktree Holdings LLC, 6.55%, Series B(a)(h)					66,071		1,372,295
Brookfield Oaktree Holdings LLC, 6.625%, Series A(a)(h)					100,000		2,156,000
Carlyle Finance LLC, 4.625%, due 5/15/61(a)					70,000		1,218,000
							5,517,367
INSURANCE		0.6	%
Allstate Corp., 7.375%, Series J(a)(h)					98,834		2,586,486
Arch Capital Group Ltd., 5.45%, Series F(a)(h)					80,000		1,656,800
Athene Holding Ltd., 4.875%, Series D(a)(h)					55,443		948,075

4

				Shares/Units		Value
Athene Holding Ltd., 6.35% to 6/30/29, Series A(a)(h)(j)					115,223	$	2,803,375
Athene Holding Ltd., 7.25% to 3/30/29, due 3/30/64(a)(j)					87,725		2,211,547
Equitable Holdings, Inc., 5.25%, Series A(a)(h)					52,000		1,071,720
MetLife, Inc., 5.625%, Series E(a)(g)(h)					86,560		2,041,085
Voya Financial, Inc., 5.35% to 9/15/29, Series B(a)(h)(j)					7,267		172,446
							13,491,534
TELECOMMUNICATIONS		0.3	%
AT&T, Inc., 4.75%, Series C(a)(h)					182,869		3,487,312
AT&T, Inc., 5.00%, Series A(a)(h)					13,078		264,306
U.S. Cellular Corp., Senior Debt, 5.50%, due 6/1/70(a)					94,315		2,086,248
							5,837,866
UTILITIES		0.7	%
CMS Energy Corp., 5.875%, due 10/15/78(a)					63,498		1,422,355
CMS Energy Corp., 5.875%, due 3/1/79(a)					196,996		4,493,479
SCE Trust VIII, 6.95%, Series N(h)					38,033		863,730
Sempra, 5.75%, due 7/1/79(a)					150,675		3,228,965
Southern Co., 4.95%, due 1/30/80, Series 2020(a)(g)					230,000		4,696,600
Southern Co., 6.50%, due 3/15/85					100,000		2,564,000
							17,269,129
TOTAL UNITED STATES							79,142,160
TOTAL PREFERRED SECURITIES—EXCHANGE-TRADED (Identified cost—$92,256,327)							84,306,263
				Principal Amount*
PREFERRED SECURITIES—OVER-THE-COUNTER		20.8	%
AUSTRALIA		0.2	%
BANKING		0.1	%
Australia & New Zealand Banking Group Ltd., 6.75% to 6/15/26(a)(d)(g)(h)(j)(k)					4,000,000		4,061,560
INSURANCE		0.1	%
QBE Insurance Group Ltd., 5.875% to 6/17/26, due 6/17/46(a)(j)(l)					1,800,000		1,810,537
TOTAL AUSTRALIA							5,872,097
CANADA		3.1	%
BANKING		0.7	%
Bank of Nova Scotia, 4.90% to 6/4/25(a)(g)(h)(j)					1,840,000		1,832,027
Bank of Nova Scotia, 7.35% to 4/27/30, due 4/27/85(a)(j)					3,000,000		2,979,702
Bank of Nova Scotia, 8.00% to 1/27/29, due 1/27/84(a)(j)					3,200,000		3,313,062
Bank of Nova Scotia, 8.625% to 10/27/27, due 10/27/82(a)(j)					3,400,000		3,564,094
Toronto-Dominion Bank, 8.125% to 10/31/27, due 10/31/82(a)(j)					4,200,000		4,355,001
							16,043,886
PIPELINES		1.8	%
Enbridge, Inc., 5.75% to 4/15/30, due 7/15/80, Series 20-A(a)(g)(j)					5,980,000		5,792,168
Enbridge, Inc., 6.00% to 1/15/27, due 1/15/77, Series 16-A(a)(g)(j)					4,155,000		4,106,416
Enbridge, Inc., 6.25% to 3/1/28, due 3/1/78(a)(g)(j)					5,913,000		5,856,542
Enbridge, Inc., 7.375% to 10/15/27, due 1/15/83(a)(g)(j)					3,985,000		4,062,191
Enbridge, Inc., 7.625% to 10/15/32, due 1/15/83(a)(j)					1,920,000		2,015,835
Enbridge, Inc., 8.25% to 10/15/28, due 1/15/84, Series NC5(a)(j)					3,820,000		4,032,419

5

				Principal Amount*		Value
Enbridge, Inc., 8.50% to 10/15/33, due 1/15/84(a)(j)					2,060,000	$	2,274,038
Transcanada Trust, 5.50% to 9/15/29, due 9/15/79(a)(j)					5,008,000		4,848,756
Transcanada Trust, 5.60% to 12/7/31, due 3/7/82(a)(j)					2,500,000		2,339,210
Transcanada Trust, 5.875% to 8/15/26, due 8/15/76, Series 16-A(a)(g)(j)					6,499,000		6,470,079
							41,797,654
TELECOMMUNICATIONS		0.2	%
Bell Canada, 6.875% to 6/15/30, due 9/15/55(a)(j)					3,000,000		3,013,442
Bell Canada, 7.00% to 6/15/35, due 9/15/55(j)					3,000,000		3,005,061
							6,018,503
UTILITIES		0.4	%
AltaGas Ltd., 7.20% to 7/17/34, due 10/15/54(d)(j)					2,100,000		2,076,873
Emera, Inc., 6.75% to 6/15/26, due 6/15/76, Series 16-A(a)(g)(j)					7,268,000		7,309,380
							9,386,253
TOTAL CANADA							73,246,296
FINLAND		0.1	%
BANKING
Nordea Bank Abp, 6.625% to 3/26/26(a)(d)(h)(j)(k)					1,400,000		1,407,763
FRANCE		1.7	%
BANKING
BNP Paribas SA, 7.00% to 8/16/28(a)(d)(h)(j)(k)					1,000,000		1,012,696
BNP Paribas SA, 7.375% to 8/19/25(a)(d)(g)(h)(j)(k)					6,200,000		6,228,129
BNP Paribas SA, 7.75% to 8/16/29(a)(d)(h)(j)(k)					3,200,000		3,304,019
BNP Paribas SA, 8.50% to 8/14/28(a)(d)(h)(j)(k)					2,000,000		2,096,650
BNP Paribas SA, 9.25% to 11/17/27(a)(d)(g)(h)(j)(k)					7,200,000		7,713,187
Credit Agricole SA, 8.125% to 12/23/25(a)(d)(h)(j)(k)					3,950,000		4,021,130
Societe Generale SA, 6.75% to 4/6/28(a)(d)(h)(j)(k)					4,000,000		3,902,886
Societe Generale SA, 8.00% to 9/29/25(a)(d)(h)(j)(k)					1,400,000		1,408,880
Societe Generale SA, 8.125% to 11/21/29(d)(h)(j)(k)					2,600,000		2,596,514
Societe Generale SA, 9.375% to 11/22/27(a)(d)(h)(j)(k)					2,400,000		2,536,334
Societe Generale SA, 10.00% to 11/14/28(a)(d)(h)(j)(k)					5,000,000		5,419,365
							40,239,790
GERMANY		0.1	%
BANKING
Commerzbank AG, 7.50% to 10/9/30(h)(j)(k)(l)					3,000,000		3,009,456
ITALY		0.2	%
BANKING
Intesa Sanpaolo SpA, 7.70% to 9/17/25(a)(d)(h)(j)(k)					3,900,000		3,905,095
JAPAN		0.3	%
INSURANCE
Dai-ichi Life Insurance Co. Ltd., 6.20% to 1/16/35(a)(d)(h)(j)					3,400,000		3,419,196
Sumitomo Life Insurance Co., 5.875% to 1/18/34(a)(d)(g)(h)(j)					4,400,000		4,374,358
							7,793,554
NETHERLANDS		0.8	%
BANKING		0.7	%
ING Groep NV, 5.75% to 11/16/26(a)(g)(h)(j)(k)					5,000,000		4,964,839
ING Groep NV, 6.50% to 4/16/25(a)(h)(j)(k)					2,600,000		2,600,055

6

				Principal Amount*		Value
ING Groep NV, 7.25% to 11/16/34(h)(j)(k)(l)					1,800,000	$	1,824,750
ING Groep NV, 8.00% to 5/16/30(h)(j)(k)(l)					5,400,000		5,678,775
							15,068,419
INSURANCE		0.1	%
Aegon Ltd., 5.50% to 4/11/28, due 4/11/48(a)(j)					2,875,000		2,863,767
TOTAL NETHERLANDS							17,932,186
SPAIN		0.7	%
BANKING
Banco Bilbao Vizcaya Argentaria SA, 9.375% to 3/19/29(h)(j)(k)					4,000,000		4,353,096
Banco Santander SA, 8.00% to 2/1/34(a)(g)(h)(j)(k)					3,800,000		3,956,313
Banco Santander SA, 9.625% to 11/21/28(a)(h)(j)(k)					4,400,000		4,841,553
Banco Santander SA, 9.625% to 5/21/33(a)(g)(h)(j)(k)					3,800,000		4,374,492
							17,525,454
SWEDEN		0.2	%
BANKING
Swedbank AB, 7.75% to 3/17/30(h)(j)(k)(l)					4,400,000		4,551,250
SWITZERLAND		1.3	%
BANKING		0.9	%
Credit Suisse Group AG, 5.25%, Claim(c)(d)(h)(k)(m)					1,600,000		128,000
Credit Suisse Group AG, 6.375%, Claim(c)(d)(h)(k)(m)					2,000,000		160,000
Credit Suisse Group AG, 7.50%, Claim(c)(d)(h)(k)(m)					600,000		48,000
UBS Group AG, 6.875% to 8/7/25(a)(h)(j)(k)(l)					5,400,000		5,411,948
UBS Group AG, 6.85% to 9/10/29(d)(h)(j)(k)					2,600,000		2,591,403
UBS Group AG, 9.25% to 11/13/28(a)(d)(g)(h)(j)(k)					7,000,000		7,619,780
UBS Group AG, 9.25% to 11/13/33(a)(d)(g)(h)(j)(k)					5,200,000		5,947,250
							21,906,381
INSURANCE		0.4	%
Argentum Netherlands BV for Swiss Re Ltd., 5.524% to 8/15/27(h)(j)(l)					3,120,000		3,127,410
Argentum Netherlands BV for Swiss Re Ltd., 5.625% to 8/15/27, due 8/15/52(a)(j)(l)					3,700,000		3,709,250
Zurich Finance Ireland Designated Activity Co., 3.00% to 1/19/31, due 4/19/51(j)(l)					4,000,000		3,449,948
							10,286,608
TOTAL SWITZERLAND							32,192,989
UNITED KINGDOM		2.3	%
BANKING		1.9	%
Barclays PLC, 7.625% to 3/15/35(h)(j)(k)					2,400,000		2,353,070
Barclays PLC, 8.00% to 3/15/29(h)(j)(k)					2,000,000		2,066,926
Barclays PLC, 9.625% to 12/15/29(a)(g)(h)(j)(k)					9,800,000		10,773,640
HSBC Holdings PLC, 6.00% to 5/22/27(h)(j)(k)					2,600,000		2,589,352
HSBC Holdings PLC, 6.50% to 3/23/28(a)(h)(j)(k)					2,800,000		2,812,200
HSBC Holdings PLC, 6.875% to 9/11/29(a)(g)(h)(j)(k)					4,400,000		4,413,129
Lloyds Banking Group PLC, 6.75% to 9/27/31(a)(h)(j)(k)					4,000,000		3,812,235
Lloyds Banking Group PLC, 7.50% to 9/27/25(a)(h)(j)(k)					3,400,000		3,420,033
NatWest Group PLC, 6.00% to 12/29/25(a)(h)(j)(k)					2,000,000		2,001,794
NatWest Group PLC, 8.00% to 8/10/25(a)(h)(j)(k)					6,000,000		6,035,694
NatWest Group PLC, 8.125% to 11/10/33(a)(h)(j)(k)					3,000,000		3,157,134

7

				Principal Amount*			Value
Standard Chartered PLC, 7.875% to 3/8/30(d)(h)(j)(k)					2,000,000		$	2,065,808
								45,501,015
INSURANCE		0.1	%
Beazley Insurance DAC, 5.50%, due 9/10/29(l)					2,600,000			2,573,546
Lancashire Holdings Ltd., 5.625% to 3/18/31, due 9/18/41(a)(j)(l)					1,300,000			1,219,668
								3,793,214
TELECOMMUNICATIONS		0.3	%
Vodafone Group PLC, 4.125% to 3/4/31, due 6/4/81(a)(j)					2,090,000			1,858,389
Vodafone Group PLC, 7.00% to 1/4/29, due 4/4/79(a)(j)					4,500,000			4,641,754
								6,500,143
TOTAL UNITED KINGDOM								55,794,372
UNITED STATES		9.8	%
BANKING		3.8	%
Bank of America Corp., 5.875% to 3/15/28, Series FF(a)(h)(j)					2,682,000			2,706,281
Bank of New York Mellon Corp., 4.625% to 9/20/26, Series F(a)(h)(j)					3,500,000			3,448,732
Charles Schwab Corp., 4.00% to 6/1/26, Series I(a)(g)(h)(j)					6,983,000			6,815,308
Citigroup, Inc., 3.875% to 2/18/26, Series X(a)(g)(h)(j)					3,250,000			3,182,983
Citigroup, Inc., 4.15% to 11/15/26, Series Y(a)(g)(h)(j)					2,310,000			2,245,692
Citigroup, Inc., 5.95% to 5/15/25, Series P(a)(g)(h)(j)					5,569,000			5,565,183
Citigroup, Inc., 6.25% to 8/15/26, Series T(a)(g)(h)(j)					7,850,000			7,916,301
Citigroup, Inc., 6.95% to 2/15/30, Series FF(a)(h)(j)					3,000,000			2,998,853
Citigroup, Inc., 7.625% to 11/15/28, Series AA(a)(g)(h)(j)					3,800,000			3,962,879
Citizens Financial Group, Inc., 5.65% to 10/6/25, Series F(a)(h)(j)					2,000,000			1,989,973
CoBank ACB, 6.25% to 10/1/26, Series I(h)(j)					2,866,000			2,870,818
First Horizon Bank, 5.401% (3 Month USD Term SOFR + 1.112%, Floor 3.75%)(a)(d)(h)(i)					1,806	†		1,300,320
Goldman Sachs Group, Inc., 3.65% to 8/10/26, Series U(a)(g)(h)(j)					4,170,000			4,057,284
Goldman Sachs Group, Inc., 4.125% to 11/10/26, Series V(a)(h)(j)					1,000,000			969,969
Goldman Sachs Group, Inc., 7.379% to 8/10/25, Series Q(a)(h)(j)					1,000,000			1,006,600
Goldman Sachs Group, Inc., 7.50% to 5/10/29, Series X(h)(j)					2,290,000			2,407,651
Huntington Bancshares, Inc., 4.45% to 10/15/27, Series G(a)(h)(j)					1,000,000			964,796
Huntington Bancshares, Inc., 5.625% to 7/15/30, Series F(a)(h)(j)					894,000			891,082
JPMorgan Chase & Co., 6.875% to 6/1/29, Series NN(h)(j)					2,000,000			2,105,598
PNC Financial Services Group, Inc., 6.20% to 9/15/27, Series V(a)(g)(h)(j)					4,450,000			4,522,967
PNC Financial Services Group, Inc., 6.25% to 3/15/30, Series W(h)(j)					2,000,000			2,015,240
Regions Financial Corp., 5.75% to 6/15/25, Series D(a)(h)(j)					1,849,000			1,843,417
State Street Corp., 6.70% to 3/15/29, Series I(a)(g)(h)(j)					4,000,000			4,111,068
State Street Corp., 6.70% to 9/15/29, Series J(a)(g)(h)(j)					3,000,000			3,078,987
Truist Financial Corp., 5.10% to 3/1/30, Series Q(a)(h)(j)					2,109,000			2,050,575
Truist Financial Corp., 5.125% to 12/15/27, Series M(a)(h)(j)					500,000			491,806
U.S. Bancorp, 5.30% to 4/15/27, Series J(a)(g)(h)(j)					1,500,000			1,487,110
Wells Fargo & Co., 3.90% to 3/15/26, Series BB(h)(j)					2,092,000			2,051,625
Wells Fargo & Co., 5.95%, due 12/15/36(a)(g)					2,830,000			2,861,351
Wells Fargo & Co., 6.85% to 9/15/29(a)(g)(h)(j)					4,000,000			4,160,844
Wells Fargo & Co., 7.625% to 9/15/28(a)(h)(j)					3,390,000			3,629,785
								89,711,078
ENERGY		0.1	%
BP Capital Markets PLC, 4.875% to 3/22/30(h)(j)					2,550,000			2,447,084

8

				Principal Amount*		Value
FINANCIAL SERVICES		0.3	%
Discover Financial Services, 6.125% to 6/23/25, Series D(h)(j)					5,566,000	$	5,568,987
HEALTH CARE		0.1	%
CVS Health Corp., 7.00% to 12/10/29, due 3/10/55(j)					3,000,000		3,031,168
INSURANCE		2.3	%
Assurant, Inc., 7.00% to 3/27/28, due 3/27/48(a)(j)					3,700,000		3,778,629
Athene Holding Ltd., 6.625% to 7/15/34, due 10/15/54(a)(g)(j)					4,080,000		4,050,384
Corebridge Financial, Inc., 6.375% to 9/15/34, due 9/15/54(a)(j)					2,000,000		1,991,974
Corebridge Financial, Inc., 6.875% to 9/15/27, due 12/15/52(a)(g)(j)					7,170,000		7,329,193
Equitable Holdings, Inc., 6.70% to 12/28/34, due 3/28/55(j)					4,480,000		4,456,596
Global Atlantic Fin Co., 7.95% to 7/15/29, due 10/15/54(d)(j)					2,600,000		2,704,515
Liberty Mutual Group, Inc., 7.80%, due 3/15/37(a)(d)					1,680,000		1,901,062
Lincoln National Corp., 9.25% to 12/1/27, Series C(a)(h)(j)					2,500,000		2,692,727
MetLife Capital Trust IV, 7.875%, due 12/15/37(a)(d)(g)					5,850,000		6,423,844
MetLife, Inc., 9.25%, due 4/8/38(a)(d)(g)					6,500,000		7,685,990
Prudential Financial, Inc., 5.125% to 11/28/31, due 3/1/52(a)(g)(j)					1,600,000		1,524,811
Prudential Financial, Inc., 6.00% to 6/1/32, due 9/1/52(a)(g)(j)					4,500,000		4,513,081
Prudential Financial, Inc., 6.50% to 12/15/33, due 3/15/54(j)					1,200,000		1,225,123
Prudential Financial, Inc., 6.75% to 12/1/32, due 3/1/53(a)(g)(j)					3,000,000		3,132,537
Voya Financial, Inc., 7.758% to 9/15/28, Series A(a)(h)(j)					1,310,000		1,362,057
							54,772,523
PIPELINES		0.4	%
Energy Transfer LP, 7.125% to 5/15/30, Series G(a)(h)(j)					3,357,000		3,405,246
Venture Global LNG, Inc., 9.00% to 9/30/29(a)(d)(g)(h)(j)					6,392,000		6,070,986
							9,476,232
UTILITIES		2.8	%
AES Corp., 7.60% to 10/15/29, due 1/15/55(j)					2,000,000		2,023,218
American Electric Power Co., Inc., 3.875% to 11/15/26, due 2/15/62(a)(g)(j)					4,200,000		3,986,217
American Electric Power Co., Inc., 6.95% to 9/15/34, due 12/15/54(j)					2,200,000		2,249,608
CenterPoint Energy, Inc., 6.85% to 11/15/34, due 2/15/55, Series B(a)(g)(j)					3,780,000		3,796,290
CenterPoint Energy, Inc., 7.00% to 11/15/29, due 2/15/55, Series A(a)(j)					3,510,000		3,572,506
CMS Energy Corp., 4.75% to 3/1/30, due 6/1/50(a)(j)					1,125,000		1,059,655
CMS Energy Corp., 6.50% to 3/1/35, due 6/1/55(j)					1,700,000		1,660,865
Dominion Energy, Inc., 4.35% to 1/15/27, Series C(a)(g)(h)(j)					8,000,000		7,794,765
Dominion Energy, Inc., 6.875% to 11/3/29, due 2/1/55, Series A(a)(g)(j)					4,180,000		4,329,083
Entergy Corp., 7.125% to 9/1/29, due 12/1/54(a)(j)					3,800,000		3,856,016
EUSHI Finance, Inc., 7.625% to 9/15/29, due 12/15/54(j)					2,000,000		2,086,032
Evergy, Inc., 6.65% to 3/1/30, due 6/1/55(j)					2,000,000		1,972,232
National Rural Utilities Cooperative Finance Corp., 7.125% to 6/15/28, due 9/15/53(a)(g)(j)					2,240,000		2,310,737
NextEra Energy Capital Holdings, Inc., 5.65% to 5/1/29, due 5/1/79(a)(g)(j)					3,438,000		3,374,634
NextEra Energy Capital Holdings, Inc., 6.70% to 6/1/29, due 9/1/54(a)(g)(j)					4,000,000		4,059,672
NextEra Energy Capital Holdings, Inc., 6.75% to 3/15/34, due 6/15/54(a)(j)					1,500,000		1,534,870
NiSource, Inc., 6.95% to 8/30/29, due 11/30/54(a)(j)					3,000,000		3,049,158
Sempra, 4.125% to 1/1/27, due 4/1/52(a)(j)					2,500,000		2,355,422
Sempra, 4.875% to 10/15/25(a)(g)(h)(j)					5,780,000		5,739,159
Sempra, 6.40% to 7/1/34, due 10/1/54(a)(j)					3,520,000		3,347,490

9

				Principal Amount*		Value
Sempra, 6.875% to 7/1/29, due 10/1/54(a)(j)					3,000,000	$	2,978,055
							67,135,684
TOTAL UNITED STATES							232,142,756
TOTAL PREFERRED SECURITIES—OVER-THE-COUNTER (Identified cost—$486,089,951)							495,613,058
CORPORATE BONDS		0.6	%
ITALY		0.0	%
UTILITIES
Enel Finance International NV, 7.50%, due 10/14/32(a)(d)					400,000		452,885
UNITED STATES		0.6	%
REAL ESTATE		0.2	%
Realty Income Corp., 3.40%, due 1/15/30(a)(g)					3,060,000		2,886,533
VICI Properties LP/VICI Note Co., Inc., 5.75%, due 2/1/27(a)(d)(g)					1,700,000		1,725,116
							4,611,649
UTILITIES		0.4	%
American Electric Power Co., Inc., 5.75%, due 11/1/27(a)					1,015,000		1,044,835
Southern California Edison Co., 5.85%, due 11/1/27(a)(g)					1,000,000		1,024,685
Southern Co., 5.113%, due 8/1/27(a)(g)					6,000,000		6,066,737
							8,136,257
TOTAL UNITED STATES							12,747,906
TOTAL CORPORATE BONDS (Identified cost—$12,886,935)							13,200,791
				Shares/Units
WARRANTS		0.0	%
UNITED STATES		0.0	%
Net Power, Inc., strike price $11.50, expires 3/12/26(a)(c)					182,834		55,764
TOTAL WARRANTS (Identified cost—$621,636)							55,764
SHORT-TERM INVESTMENTS		0.4	%
MONEY MARKET FUNDS
State Street Institutional Treasury Plus Money Market Fund, Premier Class, 4.28%(n)					7,117,198		7,117,198
State Street Institutional U.S. Government Money Market Fund, Premier Class, 4.29%(n)					2,571,420		2,571,420
TOTAL SHORT-TERM INVESTMENTS (Identified cost—$9,688,617)							9,688,618
TOTAL INVESTMENTS IN SECURITIES (Identified cost—$2,708,022,161)		139.1	%				3,310,979,194
WRITTEN OPTION CONTRACTS (Premiums received—$492,755)		(0.0	)				(257,495	)
LIABILITIES IN EXCESS OF OTHER ASSETS		(39.1	)				(930,685,225	)
NET ASSETS		100.0	%			$	2,380,036,474

10

Exchange-Traded Option Contracts

Written Options
Description	Exercise Price		Expiration Date		Number of Contracts			Notional Amount(o)			Premiums Received			Value
Call—Oneok, Inc.	$	105.00		4/17/25		(973	)	$	(9,654,106	)	$	(124,134	)	$	(63,245	)
Put—Entergy Corp.		80.00		4/17/25		(588	)		(5,026,812	)		(104,445	)		(26,460	)
Put—Kinetik Holdings, Inc.		50.00		4/17/25		(1,215	)		(6,310,710	)		(122,191	)		(86,508	)
Put—NextEra Energy, Inc.		67.50		4/17/25		(1,426	)		(10,108,914	)		(141,985	)		(81,282	)
						(4,202	)	$	(31,100,542	)	$	(492,755	)	$	(257,495	)

Centrally Cleared Interest Rate Swap Contracts

Notional Amount		Fixed Rate Payable		Fixed Payment Frequency	Floating Rate Receivable (resets daily)			Floating Payment Frequency	Maturity Date	Value			Upfront Payments (Receipts)			Unrealized Appreciation (Depreciation)
	$255,000,000		0.670%	Monthly		4.524%(p	)	Monthly	9/15/25	$	4,580,133		$	(10,955	)	$	4,591,088
	212,500,000		1.240%	Monthly		4.524%(p	)	Monthly	2/3/26		5,641,935			(2,444	)		5,644,379
	85,000,000		0.898%	Monthly		4.524%(p	)	Monthly	5/1/26		3,094,388			(8,634	)		3,103,022
	255,000,000		1.237%	Monthly		4.524%(p	)	Monthly	9/15/27		15,708,506			(33,686	)		15,742,192
	130,000,000		3.655%	Monthly		USD-SOFR-OIS(q	)	Monthly	9/15/28		(525,177	)		—			(525,177	)
	130,000,000		3.588%	Monthly		USD-SOFR-OIS(q	)	Monthly	9/15/28		(277,177	)		—			(277,177	)
										$	28,222,608		$	(55,719	)	$	28,278,327

Glossary of Portfolio Abbreviations

OIS	Overnight Indexed Swap
SOFR	Secured Overnight Financing Rate
USD	United States Dollar

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

* Amount denominated in U.S. dollars unless otherwise indicated.

† Represents shares.

(a) All or a portion of the security is pledged as collateral in connection with the Fund’s revolving credit agreement. $2,024,053,136 in aggregate has been pledged as collateral.

(b) Stapled security. A security contractually bound to one or more other securities to form a single saleable unit which cannot be sold separately.

(c) Non–income producing security.

(d) 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 $161,180,667 which represents 6.8% of the net assets of the Fund, of which 0.1% are illiquid.

(e) All or a portion of the security is pledged in connection with exchange-traded written option contracts. $20,134,963 in aggregate has been pledged as collateral.

(f) Security value is determined based on significant unobservable inputs (Level 3).

(g) A portion of the security has been rehypothecated in connection with the Fund’s revolving credit agreement. $886,393,329 in aggregate has been rehypothecated.

(h) Perpetual security. Perpetual securities have no stated maturity date, but they may be called/redeemed by the issuer.

(i) Variable rate. Rate shown is in effect at March 31, 2025.

11

(j) Security converts to floating rate after the indicated fixed–rate coupon period.

(k) Contingent Capital security (CoCo). CoCos are debt or preferred securities with loss absorption characteristics built into the terms of the security for the benefit of the issuer. Aggregate holdings amounted to $157,176,183 which represents 6.6% of the net assets of the Fund (4.7% of the managed assets of the Fund).

(l) Securities exempt from registration under Regulation S of the Securities Act of 1933. These securities are subject to resale restrictions. Aggregate holdings amounted to $36,366,538 which represents 1.5% of the net assets of the Fund, of which 0.0% are illiquid.

(m) Security is in default.

(n) Rate quoted represents the annualized seven–day yield.

(o) Represents the number of contracts multiplied by notional contract size multiplied by the underlying price.

(p) Based on USD-SOFR-OIS. Represents rates in effect at March 31, 2025.

(q) Represents a forward–starting interest rate swap contract with interest receipts and payments commencing on September 15, 2025 (effective date).

Sector Summary	% of  Manged  Assets
Electric		34.1
Midstream		13.7
Banking		8.7
Gas Distribution		7.7
Communications		6.7
Railways		6.2
Airports		6.0
Toll Roads		3.9
Utilities		3.2
Insurance		2.9
Marine Ports		2.9
Pipelines		1.5
Telecommunications		0.6
Other		1.9
		100.0

12

COHEN & STEERS INFRASTRUCTURE 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. Centrally cleared interest rate swaps are valued at the price determined by the relevant exchange or clearinghouse. Exchange-traded options are valued at their last sale price as of the close of options trading on applicable exchanges on the valuation date. In the absence of a last sale price on such day, options are valued based upon prices provided by a third-party pricing service. Over-the-counter (OTC) options are valued based upon prices provided by a third-party pricing service or counterparty.

Securities not listed on the NYSE but listed on other domestic or foreign securities exchanges 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 OTC market, including listed securities whose primary market is believed by Cohen & Steers Capital Management, Inc. (the investment manager) 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 manager, pursuant to delegation by the Board of Directors, to reflect the fair value of such securities.

Fixed-income securities 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 manager, pursuant to delegation by the Board of Directors, to reflect the fair value of such securities. The pricing services or broker-dealers use multiple valuation techniques to determine fair value. In instances where sufficient market activity exists, the pricing services or broker-dealers may utilize a market-based approach through which quotes from market makers are used to determine fair value. In instances where sufficient market activity may not exist or is limited, the pricing services or broker-dealers also utilize proprietary valuation models which may consider market transactions in comparable securities and the various relationships between securities in determining fair value and/or characteristics such as benchmark yield curves, option-adjusted spreads, credit spreads, estimated default rates, coupon rates, anticipated timing of principal repayments, underlying collateral, and other unique security features which are then used to calculate the fair values.

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 manager as the Fund’s “Valuation Designee” under Rule 2a-5 under the Investment Company Act of 1940. As Valuation Designee, the investment manager is authorized to make fair valuation determinations, subject to the oversight of the Board of Directors. The investment manager 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 manager 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 INFRASTRUCTURE 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 March 31, 2025 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:
United States	$	1,553,251,926		$	—		$	0	(a)	$	1,553,251,926
Other Countries		1,154,862,774			—			—			1,154,862,774
Preferred Securities—Exchange-Traded		84,306,263			—			—			84,306,263
Preferred Securities—Over-the-Counter		—			495,613,058			—			495,613,058
Corporate Bonds		—			13,200,791			—			13,200,791
Warrants		55,764			—			—			55,764
Short-Term Investments		—			9,688,618			—			9,688,618
Total Investments in Securities(b)	$	2,792,476,727		$	518,502,467		$	—		$	3,310,979,194
Interest Rate Swap Contracts	$	—		$	29,080,681		$	—		$	29,080,681
Total Derivative Assets(b)	$	—		$	29,080,681		$	—		$	29,080,681
Interest Rate Swap Contracts	$	—		$	(802,354	)	$	—		$	(802,354	)
Written Option Contracts		(170,987	)		(86,508	)		—			(257,495	)
Total Derivative Liabilities(b)	$	(170,987	)	$	(888,862	)	$	—		$	(1,059,849	)

(a) Security has been fair valued by the Valuation Committee pursuant to the Fund’s fair value procedures and classified as a Level 3 security.

(b) Portfolio holdings are disclosed individually on the Schedule of Investments.

Note 2. Derivative Investments

Option Contracts: The Fund may purchase and write exchange-listed and OTC put or call options on securities, stock indices and other financial instruments for hedging purposes, to enhance portfolio returns and/or reduce overall volatility.

When the Fund writes (sells) an option, an amount equal to the premium received by the Fund is recorded as a liability. The amount of the liability is subsequently marked-to-market to reflect the current market value of the option written. When an option expires, the Fund realizes a gain on the option to the extent of the premium received. Premiums received from writing options which are exercised or closed are added to or offset against the proceeds or amount paid on the transaction to determine the realized gain or loss. If a put option on a security is exercised, the premium reduces the cost basis of the security purchased by the Fund. If a call option is exercised, the premium is added to the proceeds of the security sold to determine the realized gain or loss. The Fund, as writer of an option, bears the market risk of an unfavorable change in the price of the underlying investment. Other risks include the possibility of an illiquid options market or the inability of the counterparties to fulfill their obligations under the contracts.

COHEN & STEERS INFRASTRUCTURE FUND, INC.

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)—(Continued)

Put and call options purchased are accounted for in the same manner as portfolio securities. Premiums paid for purchasing options which expire are treated as realized losses. Premiums paid for purchasing options which are exercised or closed are added to the amounts paid or offset against the proceeds on the underlying investment transaction to determine the realized gain or loss when the underlying transaction is executed. The risk associated with purchasing an option is that the Fund pays a premium whether or not the option is exercised. Additionally, the Fund bears the risk of loss of the premium and change in market value should the counterparty not perform under the contract.

Centrally Cleared Interest Rate Swap Contracts: The Fund uses interest rate swaps in connection with borrowing under its credit agreement. The interest rate swaps are intended to reduce interest rate risk by countering the effect that an increase in short-term interest rates could have on the performance of the Fund’s shares as a result of the floating rate structure of interest owed pursuant to the credit agreement. When entering into interest rate swaps, the Fund agrees to pay the other party to the interest rate swap (which is known as the counterparty) a fixed rate payment in exchange for the counterparty’s agreement to pay the Fund a variable rate payment that was intended to approximate the Fund’s variable rate payment obligation on the credit agreement. The payment obligation is based on the notional amount of the swap. Depending on the state of interest rates in general, the use of interest rate swaps could enhance or harm the overall performance of the Fund. Swaps are marked-to-market daily and changes in the value are recorded as unrealized appreciation (depreciation).

Immediately following execution of the swap agreement, the swap agreement is novated to a central counterparty (the CCP) and the Fund’s counterparty on the swap agreement becomes the CCP. The Fund is required to interface with the CCP through a broker. Upon entering into a centrally cleared swap, the Fund is required to deposit initial margin with the broker in the form of cash or securities in an amount that varies depending on the size and risk profile of the particular swap. Securities deposited as initial margin are designated on the Schedule of Investments and cash deposited is recorded as cash collateral pledged for interest rate swap contracts. The daily change in valuation of centrally cleared swaps is recorded as a receivable or payable for variation margin on interest rate swap contracts. Any upfront payments paid or received upon entering into a swap agreement would be recorded as assets or liabilities, respectively, and amortized or accreted over the life of the swap and recorded as realized gain (loss). Payments received from or paid to the counterparty during the term of the swap agreement, or at termination, are recorded as realized gain (loss).

Swap agreements involve, to varying degrees, elements of market and counterparty risk, and exposure to loss in excess of the related amounts reflected on the Schedule of Investments. Such risks involve the possibility that there will be no liquid market for these agreements, that the counterparty to the agreements may default on its obligation to perform or disagree as to the meaning of contractual terms in the agreements and that there may be unfavorable changes in interest rates.