COHEN & STEERS REAL ESTATE OPPORTUNITIES AND INCOME FUND

SCHEDULE OF INVESTMENTS

September 30, 2022 (Unaudited)

			Shares		Value
COMMON STOCK	100.4	%
COMMUNICATIONS—TOWERS	15.5	%
American Tower Corp.(a),(b)				114,345	$	24,549,872
Crown Castle International Corp.(a)				104,035		15,038,259
						39,588,131
REAL ESTATE	84.9	%
DATA CENTERS	7.8	%
Digital Realty Trust, Inc.(a)				131,739		13,065,874
Equinix, Inc.(a)				11,799		6,711,743
						19,777,617
HEALTH CARE	9.5	%
Healthcare Realty Trust, Inc., Class A(a),(b)				231,702		4,830,987
Healthpeak Properties, Inc.(a)				148,776		3,409,946
Welltower, Inc.(a)				248,401		15,977,152
						24,218,085
HOTEL	1.1	%
Host Hotels & Resorts, Inc.(a)				165,784		2,632,650
INDUSTRIALS	14.6	%
Americold Realty Trust, Inc.(a)				221,922		5,459,281
EastGroup Properties, Inc.(a)				34,839		5,028,661
Prologis, Inc.(a)				262,728		26,693,165
						37,181,107
NET LEASE	9.2	%
Essential Properties Realty Trust, Inc.(a)				131,563		2,558,900
Gaming and Leisure Properties, Inc.(a)				75,228		3,328,087
Realty Income Corp.(a)				220,292		12,820,994
Spirit Realty Capital, Inc.(a)				95,097		3,438,708
VICI Properties, Inc.(a)				44,875		1,339,519
						23,486,208
OFFICE	2.7	%
Highwoods Properties, Inc.(a)				174,641		4,708,321
Piedmont Office Realty Trust, Inc., Class A(a)				207,934		2,195,783
						6,904,104
RESIDENTIAL	21.0	%
APARTMENT	11.3	%
Camden Property Trust(a)				81,249		9,705,193

1

			Shares		Value
Mid-America Apartment Communities, Inc.(a)				72,193	$	11,194,968
UDR, Inc.(a)				188,103		7,845,776
						28,745,937
APARTMENT—FOREIGN	1.2	%
Tricon Residential, Inc. (Canada)(a)				364,455		3,152,536
MANUFACTURED HOME	2.1	%
Sun Communities, Inc.(a)				39,457		5,339,716
SINGLE FAMILY	6.4	%
Invitation Homes, Inc.(a)				484,075		16,347,213
TOTAL RESIDENTIAL						53,585,402
SELF STORAGE	10.7	%
CubeSmart(a)				73,564		2,946,974
Life Storage, Inc.(a)				101,898		11,286,223
Public Storage(a)				44,546		13,043,514
						27,276,711
SHOPPING CENTERS	8.3	%
COMMUNITY CENTER	3.2	%
Kimco Realty Corp.(a)				203,586		3,748,018
Kite Realty Group Trust(a),(b)				255,974		4,407,872
						8,155,890
REGIONAL MALL	5.1	%
Simon Property Group, Inc.(a)				145,309		13,041,483
TOTAL SHOPPING CENTERS						21,197,373
TOTAL REAL ESTATE						216,259,257
TOTAL COMMON STOCK (Identified cost—$322,969,883)						255,847,388
PREFERRED SECURITIES—$25 PAR VALUE	10.9	%
BANKS	3.8	%
Bank of America Corp., 6.00%, Series GG(a),(c)				33,000		788,700
Bank of America Corp., 5.875%, Series HH(a),(c)				66,000		1,542,420
Bank of America Corp., 5.375%, Series KK(a),(c)				5,931		128,821
Citigroup, Inc., 7.125% to 9/30/23, Series J(a),(c),(d)				38,213		979,399
Citigroup, Inc., 6.875% to 11/15/23, Series K(a),(c),(d)				24,438		626,346
Dime Community Bancshares, Inc., 5.50%(a),(c)				57,594		1,132,874
Fifth Third Bancorp, 6.00%, Series A(c)				22,871		547,075
Goldman Sachs Group, Inc./The, 5.50% to 5/10/23, Series J(a),(c),(d)				25,500		630,615

2

			Shares		Value
JPMorgan Chase & Co., 5.75%, Series DD(a),(c)				43,000	$	1,062,530
JPMorgan Chase & Co., 6.00%, Series EE(a),(c)				15,000		374,700
KeyCorp., 6.20% to 12/15/27(c),(d)				8,175		198,244
Synovus Financial Corp., 5.875% to 7/1/24, Series E(a),(c),(d)				6,000		147,060
Wells Fargo & Co., 6.625% to 3/15/24, Series R(a),(c),(d)				38,652		979,828
Wintrust Financial Corp., 6.875% to 7/15/25, Series E(a),(c),(d)				25,000		611,000
						9,749,612
ELECTRIC	0.5	%
Duke Energy Corp., 5.75%, Series A(a),(c)				15,000		359,850
WESCO International, Inc., 10.625% to 6/22/25, Series A(a),(c),(d)				37,000		997,150
						1,357,000
FINANCIAL	2.4	%
DIVERSIFIED FINANCIAL SERVICES	0.5	%
Oaktree Capital Group LLC, 6.625%, Series A(a),(c)				38,000		895,280
Oaktree Capital Group LLC, 6.55%, Series B(c)				19,994		479,656
						1,374,936
INVESTMENT BANKER/BROKER	1.9	%
Charles Schwab Corp./The, 5.95%, Series D(a),(c)				25,000		614,250
Morgan Stanley, 7.125% to 10/15/23, Series E(a),(c),(d)				14,559		371,837
Morgan Stanley, 6.875% to 1/15/24, Series F(c),(d)				25,000		627,000
Morgan Stanley, 6.375% to 10/15/24, Series I(a),(c),(d)				91,254		2,255,799
Morgan Stanley, 5.85% to 4/15/27, Series K(a),(c),(d)				38,838		941,044
						4,809,930
TOTAL FINANCIAL						6,184,866
INDUSTRIALS—CHEMICALS	0.6	%
CHS, Inc., 7.875%, Series 1(c)				14,862		385,372
CHS, Inc., 7.10% to 3/31/24, Series 2(c),(d)				10,500		261,030
CHS, Inc., 7.50%, Series 4(c)				35,754		952,486
						1,598,888
INSURANCE	0.7	%
LIFE/HEALTH INSURANCE	0.5	%
Athene Holding Ltd., 6.375% to 6/30/25, Series C(a),(c),(d)				32,110		809,814
Athene Holding Ltd., 4.875%, Series D(a),(c)				24,721		457,339
						1,267,153

3

			Shares		Value
MULTI-LINE	0.1	%
Kemper Corp., 5.875% to 3/15/27, due 3/15/62(a),(d)				16,050	$	347,322
REINSURANCE—FOREIGN	0.1	%
RenaissanceRe Holdings Ltd., 5.75%, Series F (Bermuda)(a),(c)				10,114		229,891
TOTAL INSURANCE						1,844,366
INTEGRATED TELECOMMUNICATIONS SERVICES	1.0	%
AT&T, Inc., 5.00%, Series A(a),(c)				57,000		1,170,210
AT&T, Inc., 4.75%, Series C(a),(c)				45,000		845,100
Telephone and Data Systems, Inc., 6.625%, Series UU(a),(c)				26,500		528,675
						2,543,985
PIPELINES	0.8	%
Energy Transfer LP, 7.60% to 5/15/24, Series E(a),(c),(d)				80,500		1,947,295
PIPELINES—FOREIGN	0.3	%
Enbridge, Inc., 6.375% to 4/15/23, due 4/15/78, Series B (Canada)(d)				25,300		598,851
REAL ESTATE	0.3	%
DATA CENTERS	0.3	%
DigitalBridge Group, Inc., 7.15%, Series I(c)				16,976		379,583
DigitalBridge Group, Inc., 7.125%, Series J(c)				14,993		339,742
						719,325
INDUSTRIALS	0.0	%
Rexford Industrial Realty, Inc., 5.875%, Series B(a),(c)				3,039		70,626
TOTAL REAL ESTATE						789,951
UTILITIES—GAS—DISTRIBUTION	0.2	%
NiSource, Inc., 6.50% to 3/15/24, Series B(a),(c),(d)				20,000		493,600
UTILITIES—FOREIGN	0.3	%
Algonquin Power & Utilities Corp., 6.20% to 7/1/24, due 7/1/79, Series 19-A (Canada)(d)				25,000		605,250
TOTAL PREFERRED SECURITIES—$25 PAR VALUE (Identified cost—$29,999,648)						27,713,664
			Principal Amount
PREFERRED SECURITIES—CAPITAL SECURITIES	38.0	%
BANKS	9.7	%
Bank of America Corp., 6.10% to 3/17/25, Series AA(a),(c),(d)			$	875,000		839,392
Bank of America Corp., 6.125% to 4/27/27, Series TT(a),(c),(d)				678,000		642,405

4

			Principal Amount		Value
Bank of America Corp., 6.25% to 9/5/24, Series X(a),(c),(d)			$	1,875,000	$	1,816,406
Bank of America Corp., 6.30% to 3/10/26, Series DD(a),(c),(d)				1,310,000		1,293,363
Bank of America Corp., 6.50% to 10/23/24, Series Z(a),(c),(d)				975,000		959,111
Citigroup, Inc., 5.90% to 2/15/23, Series B(c),(d)				350,000		347,375
Citigroup, Inc., 5.95% to 1/30/23(a),(c),(d)				1,839,000		1,821,750
Citigroup, Inc., 5.95% to 5/15/25, Series P(a),(c),(d)				1,923,000		1,742,809
Citigroup, Inc., 6.25% to 8/15/26, Series T(a),(c),(d)				1,475,000		1,414,525
Citizens Financial Group, Inc., 5.65% to 10/6/25, Series F(a),(c),(d)				750,000		733,125
Goldman Sachs Group, Inc./The, 4.95% to 2/10/25, Series R(a),(c),(d)				614,000		557,205
Goldman Sachs Group, Inc./The, 5.50% to 8/10/24, Series Q(a),(c),(d)				1,250,000		1,204,687
JPMorgan Chase & Co., 6.10% to 10/1/24, Series X(a),(c),(d)				975,000		936,609
JPMorgan Chase & Co., 6.125% to 4/30/24, Series U(a),(c),(d)				750,000		728,475
JPMorgan Chase & Co., 6.75% to 2/1/24, Series S(a),(c),(d)				1,781,000		1,765,953
PNC Financial Services Group, Inc./The, 6.00% to 5/15/27, Series U(a),(c),(d)				465,000		432,450
PNC Financial Services Group, Inc./The, 6.20% to 9/15/27, Series V(a),(c),(d)				841,000		796,848
PNC Financial Services Group, Inc./The, 6.4603% (3 Month US LIBOR + 3.678%), Series O (FRN)(a),(c),(e)				2,000,000		1,994,249
SVB Financial Group, 4.25% to 11/15/26, Series D(a),(c),(d)				850,000		627,298
Wells Fargo & Co., 3.90% to 3/15/26, Series BB(a),(c),(d)				1,350,000		1,142,438
Wells Fargo & Co., 5.875% to 6/15/25, Series U(a),(c),(d)				3,175,000		3,030,690
						24,827,163
BANKS—FOREIGN	15.0	%
Banco Santander SA, 7.50% to 2/8/24 (Spain)(c),(d),(f),(g)				1,000,000		933,005
Bank of Nova Scotia/The, 4.90% to 6/4/25 (Canada)(a),(c),(d)				1,275,000		1,141,405
Barclays PLC, 6.125% to 12/15/25 (United Kingdom)(a),(c),(d),(g)				1,000,000		843,850
Barclays PLC, 6.375% to 12/15/25 (United Kingdom)(c),(d),(f),(g)				800,000		738,040
Barclays PLC, 7.125% to 6/15/25 (United Kingdom)(c),(d),(g)				1,000,000		970,205
Barclays PLC, 7.25% to 3/15/23 (United Kingdom)(c),(d),(f),(g)				600,000		645,607
Barclays PLC, 8.00% to 3/15/29 (United Kingdom)(c),(d),(g)				1,000,000		877,700
Barclays PLC, 8.00% to 6/15/24 (United Kingdom)(a),(c),(d),(g)				2,400,000		2,232,360
BNP Paribas SA, 6.625% to 3/25/24, 144A (France)(a),(c),(d),(g),(h)				1,000,000		918,950
BNP Paribas SA, 7.375% to 8/19/25, 144A (France)(a),(c),(d),(g),(h)				2,000,000		1,893,156
BNP Paribas SA, 7.75% to 8/16/29, 144A (France)(a),(c),(d),(g),(h)				800,000		740,240
Commerzbank AG, 7.00% to 4/9/25 (Germany)(c),(d),(f),(g)				400,000		346,024
Credit Agricole SA, 6.875% to 9/23/24, 144A (France)(a),(c),(d),(g),(h)				1,400,000		1,291,878
Credit Agricole SA, 7.875% to 1/23/24, 144A (France)(a),(c),(d),(g),(h)				2,600,000		2,500,631

5

		Principal Amount		Value
Credit Agricole SA, 8.125% to 12/23/25, 144A (France)(a),(c),(d),(g),(h)		$	1,200,000	$	1,159,530
Credit Suisse Group AG, 6.375% to 8/21/26, 144A (Switzerland)(a),(c),(d),(g),(h)			600,000		438,000
Credit Suisse Group AG, 7.25% to 9/12/25, 144A (Switzerland)(a),(c),(d),(g),(h)			800,000		612,053
Credit Suisse Group AG, 7.50% to 12/11/23, 144A (Switzerland)(a),(c),(d),(g),(h)			800,000		737,340
Credit Suisse Group AG, 9.75% to 6/23/27, 144A (Switzerland)(a),(c),(d),(g),(h)			800,000		786,703
Deutsche Bank AG, 7.50% to 4/30/25 (Germany)(a),(c),(d),(g)			800,000		678,240
ING Groep N.V., 6.50% to 4/16/25 (Netherlands)(a),(c),(d),(g)			1,000,000		894,595
ING Groep N.V., 6.75% to 4/16/24 (Netherlands)(c),(d),(f),(g)			1,000,000		941,571
Intesa Sanpaolo SpA, 7.70% to 9/17/25, 144A (Italy)(a),(c),(d),(g),(h)			600,000		500,397
Lloyds Banking Group PLC, 7.50% to 6/27/24 (United Kingdom)(a),(c),(d),(g)			2,600,000		2,417,337
Lloyds Banking Group PLC, 7.50% to 9/27/25 (United Kingdom)(a),(c),(d),(g)			2,400,000		2,196,000
Natwest Group PLC, 6.00% to 12/29/25 (United Kingdom)(a),(c),(d),(g)			2,800,000		2,450,000
Natwest Group PLC, 8.00% to 8/10/25 (United Kingdom)(a),(c),(d),(g)			2,400,000		2,243,412
Royal Bank of Canada, 4.50% to 10/24/25, due 11/24/80, Series 1 (Canada)(d)			1,600,000		1,075,365
Standard Chartered PLC, 7.75% to 4/2/23, 144A (United Kingdom)(a),(c),(d),(g),(h)			800,000		780,392
UBS Group AG, 6.875% to 8/7/25 (Switzerland)(c),(d),(f),(g)			2,000,000		1,868,134
UBS Group AG, 7.00% to 2/19/25 (Switzerland)(c),(d),(f),(g)			2,000,000		1,908,680
UniCredit SpA, 8.00% to 6/3/24 (Italy)(c),(d),(f),(g)			600,000		529,779
					38,290,579
ELECTRIC	1.5%
Dominion Energy, Inc., 4.65% to 12/15/24, Series B(a),(c),(d)			1,050,000		930,041
Duke Energy Corp., 4.875% to 9/16/24(a),(c),(d)			1,275,000		1,145,897
Southern Co./The, 4.00% to 10/15/25, due 1/15/51, Series B(a),(d)			1,850,000		1,662,595
					3,738,533

6

			Principal Amount		Value
ELECTRIC—FOREIGN	0.5	%
Electricite de France SA, 5.25% to 1/29/23, 144A (France)(a),(c),(d),(h)			$	1,350,000	$	1,252,597
FINANCIAL	2.1	%
Ares Finance Co. III LLC, 4.125% to 6/30/26, due 6/30/51, 144A(d),(h)				225,000		175,597
Charles Schwab Corp./The, 4.00% to 12/1/30, Series H(a),(c),(d)				1,000,000		735,833
Charles Schwab Corp./The, 5.00% to 6/1/27(a),(c),(d)				331,000		298,314
Charles Schwab Corp./The, 5.375% to 6/1/25, Series G(a),(c),(d)				2,800,000		2,737,000
Charles Schwab Corp./The, 7.602% (3 Month US LIBOR + 4.82%) (FRN)(a),(c),(e)				1,300,000		1,304,329
						5,251,073
INSURANCE	4.7	%
LIFE/HEALTH INSURANCE	2.0	%
Corebridge Financial, Inc., 6.875% to 9/15/27, due 12/15/52, 144A(d),(h)				695,000		637,568
MetLife, Inc., 10.75%, due 8/1/39(a)				500,000		653,168
Prudential Financial, Inc., 5.625% to 6/15/23, due 6/15/43(a),(d)				2,500,000		2,468,825
Voya Financial, Inc., 5.65% to 5/15/23, due 5/15/53(d)				327,000		317,637
Voya Financial, Inc., 6.125% to 9/15/23, Series A(a),(c),(d)				1,000,000		971,651
						5,048,849
LIFE/HEALTH INSURANCE—FOREIGN	1.7	%
Dai-ichi Life Insurance Co., Ltd./The, 5.10% to 10/28/24, 144A (Japan)(a),(c),(d),(h)				2,000,000		1,941,887
Fukoku Mutual Life Insurance Co., 6.50% to 9/19/23 (Japan)(c),(d),(f)				1,500,000		1,498,725
Kyobo Life Insurance Co., Ltd., 5.90% to 6/15/27, 144A (South Korea)(c),(d),(h)				400,000		390,000
Phoenix Group Holdings PLC, 4.75% to 6/4/26, due 9/4/31 (United Kingdom)(d),(f)				600,000		509,478
						4,340,090
MULTI-LINE—FOREIGN	0.2	%
Aegon NV, 5.50% to 4/11/28, due 4/11/48 (Netherlands)(d)				500,000		432,668
Argentum Netherlands BV for Zurich Insurance Co. Ltd., 5.125% to 6/1/28, due 6/1/48 (Switzerland)(d),(f)				200,000		177,000
						609,668

7

			Principal Amount		Value
PROPERTY CASUALTY	0.3	%
Markel Corp., 6.00% to 6/1/25(a),(c),(d)			$	690,000	$	670,564
PROPERTY CASUALTY—FOREIGN	0.3	%
Lancashire Holdings Ltd., 5.625% to 3/18/31, due 9/18/41 (United Kingdom)(d),(f)				300,000		231,169
QBE Insurance Group Ltd., 7.50% to 11/24/23, due 11/24/43, 144A (Australia)(a),(d),(h)				500,000		499,075
						730,244
REINSURANCE	0.2	%
Global Atlantic Fin Co., 4.70% to 7/15/26, due 10/15/51, 144A(a),(d),(h)				850,000		641,077
TOTAL INSURANCE						12,040,492
INTEGRATED TELECOMMUNICATIONS SERVICES—FOREIGN	0.8	%
Vodafone Group PLC, 7.00% to 1/4/29, due 4/4/79 (United Kingdom)(a),(d)				550,000		524,609
Vodafone Group PLC, 6.25% to 7/3/24, due 10/3/78 (United Kingdom)(d),(f)				1,600,000		1,522,560
						2,047,169
OIL & GAS—FOREIGN	0.4	%
BP Capital Markets PLC, 4.375% to 6/22/25 (United Kingdom)(a),(c),(d)				1,000,000		927,500
PIPELINES	0.7	%
Energy Transfer LP, 7.125% to 5/15/30, Series G(a),(c),(d)				2,191,000		1,805,481
PIPELINES—FOREIGN	0.8	%
Enbridge, Inc., 7.375% to 10/15/27, due 1/15/83 (Canada)(a),(d)				800,000		772,519
Transcanada Trust, 5.60% to 12/7/31, due 3/7/82 (Canada)(a),(d)				880,000		764,275
Transcanada Trust, 5.875% to 8/15/26, due 8/15/76, Series 16-A (Canada)(a),(d)				576,000		537,538
						2,074,332

8

			Principal Amount		Value
REAL ESTATE—RETAIL—FOREIGN	0.4	%
Scentre Group Trust 2, 4.75% to 6/24/26, due 9/24/80, 144A (Australia)(a),(d),(h)			$	1,300,000	$	1,118,059
UTILITIES	1.4	%
ELECTRIC	0.4	%
Edison International, 5.375% to 3/15/26, Series A(a),(c),(d)				1,300,000		1,072,500
ELECTRIC—FOREIGN	1.0	%
Algonquin Power & Utilities Corp., 4.75% to 1/18/27, due 1/18/82 (Canada)(a),(d)				2,075,000		1,699,238
Enel SpA, 8.75% to 9/24/23, due 9/24/73, 144A (Italy)(a),(d),(h)				750,000		749,850
						2,449,088
TOTAL UTILITIES						3,521,588
TOTAL PREFERRED SECURITIES—CAPITAL SECURITIES (Identified cost—$107,051,094)						96,894,566
CORPORATE BONDS	0.5	%
COMMUNICATIONS—TOWERS	0.0	%
SBA Communications Corp., 3.125%, due 2/1/29(a)				142,000		114,517
REAL ESTATE	0.5	%
DIVERSIFIED	0.3	%
Spirit Realty LP, 2.10%, due 3/15/28				500,000		398,075
Spirit Realty LP, 3.40%, due 1/15/30(a)				350,000		284,795
						682,870
FINANCE	0.2	%
VICI Properties LP / VICI Note Co Inc., 5.75%, due 2/1/27, 144A(a),(h)				600,000		566,667
TOTAL REAL ESTATE						1,249,537
TOTAL CORPORATE BONDS (Identified cost—$1,395,885)						1,364,054
			Shares
SHORT-TERM INVESTMENTS	5.9	%
MONEY MARKET FUNDS
State Street Institutional Treasury Money Market Fund, Premier Class, 2.47%(i)				14,984,928		14,984,928
TOTAL SHORT-TERM INVESTMENTS (Identified cost—$14,984,928)						14,984,928

9

			Value
PURCHASED OPTION CONTRACTS (Premiums paid—$26,186)	0.0	%	$	29,150
TOTAL INVESTMENTS IN SECURITIES (Identified cost—$476,427,624)	155.7	%		396,833,750
WRITTEN OPTION CONTRACTS (Premiums received—$1,156,930)	(0.0	)		(126,645	)
LIABILITIES IN EXCESS OF OTHER ASSETS	(55.7	)		(141,899,050	)
NET ASSETS (Equivalent to $15.21 per share based on 16,755,000 shares of common stock outstanding)	100.0	%	$	254,808,055

Exchange-Traded Option Contracts

Written Options
Description	Exercise Price	Expiration Date		Number of Contracts	Notional Amount(j)			Premiums Received			Value
Call — iShares U.S. Real Estate ETF	$94.00		10/21/22	(1,920)	$	(15,632,640	)	$	(246,337	)	$	(15,360	)

Over-the-Counter Option Contracts

Purchased Options Binary Options
Description	Counterparty	Exercise Price/Rate		Expiration Date	Notional Amount(k)		Premiums Paid		Value
Put — Euro Currency	Goldman Sachs International		0.985	11/17/22	$	50,000	$	13,000	$	23,658
Put — Euro Stoxx Banks Index	Goldman Sachs International		EUR 65.00	11/18/22		49,575		13,186		5,492
					$	99,575	$	26,186	$	29,150

10

Over-the-Counter Option Contracts

Written Options
Description	Counterparty	Exercise Price($)		Expiration Date	Number of Contracts			Notional Amount(j)			Premiums Received			Value
Call — American Tower Corp.	Goldman Sachs International		279.624	10/21/22		(11,727	)	$	(2,517,787	)	$	(68,479	)	$	(62	)
Call — Crown Castle International Corp.	Goldman Sachs International		184.608	10/21/22		(7,032	)		(1,016,476	)		(26,346	)		(189	)
Call — Digital Realty Trust, Inc.	Goldman Sachs International		135.421	10/21/22		(11,947	)		(1,184,903	)		(29,362	)		(230	)
Call — Equinix, Inc	Goldman Sachs International		730.236	10/21/22		(971	)		(552,344	)		(16,724	)		(62	)
Call — Gaming & Leisure Properties	Goldman Sachs International		52.365	10/21/22		(10,150	)		(449,036	)		(13,890	)		(366	)
Call — Healthcare Reality Trust, Inc.	Goldman Sachs International		28.412	10/21/22		(15,490	)		(322,967	)		(7,510	)		(1	)
Call — Healthpeak Properties, Inc.	Goldman Sachs International		29.144	10/21/22		(15,345	)		(351,707	)		(11,325	)		(197	)
Call — Host Hotels + Resorts, Inc.	Goldman Sachs International		20.267	10/21/22		(20,615	)		(327,366	)		(9,266	)		(198	)
Call — Invitation Homes, Inc.	Goldman Sachs International		40.723	10/21/22		(24,000	)		(810,480	)		(15,175	)		(970	)
Call — Kimco Realty Corp	Goldman Sachs International		23.503	10/21/22		(19,267	)		(354,705	)		(9,512	)		(230	)
Call — Life Storage, Inc.	Goldman Sachs International		141.229	10/21/22		(10,147	)		(1,123,882	)		(22,910	)		(197	)
Call — Prologis, Inc.	Goldman Sachs International		140.395	10/21/22		(22,463	)		(2,282,241	)		(70,058	)		(546	)

11

Over-the-Counter Option Contracts — (Continued)

Description	Counterparty	Exercise Price($)		Expiration Date	Number of Contracts			Notional Amount(j)			Premiums Received			Value
Call — Public Storage	Goldman Sachs International		359.133	10/21/22		(4,599	)	$	(1,346,633	)	$	(35,588	)	$	(611	)
Call — Realty Income Corp.	Goldman Sachs International		73.581	10/21/22		(18,831	)		(1,095,964	)		(33,199	)		(71	)
Call — Simon Property group, Inc.	Goldman Sachs International		116.427	10/21/22		(12,994	)		(1,166,212	)		(29,104	)		(444	)
Call — Sun Communities, Inc.	Goldman Sachs International		172.047	10/21/22		(4,126	)		(558,372	)		(14,821	)		(90	)
Call — UDR, Inc.	Goldman Sachs International		50.153	10/21/22		(19,360	)		(807,506	)		(20,824	)		(1,084	)
Call — VICI Properties, Inc.	Goldman Sachs International		34.696	10/21/22		(7,118	)		(212,472	)		(7,022	)		(379	)
Call — Welltower, Inc.	Goldman Sachs International		82.047	10/21/22		(22,108	)		(1,421,987	)		(40,111	)		(376	)
Call — American Tower Corp.	Goldman Sachs International		256.39	11/18/22		(12,439	)		(2,670,653	)		(91,331	)		(12,601	)
Call — Crown Castle International Corp.	Goldman Sachs International		173.079	11/18/22		(8,748	)		(1,264,523	)		(35,596	)		(4,793	)
Call — Digital Realty Trust, Inc	Goldman Sachs International		121.517	11/18/22		(11,505	)		(1,141,066	)		(29,297	)		(6,488	)
Call — Equinix, Inc	Goldman Sachs International		658.049	11/18/22		(986	)		(560,876	)		(14,575	)		(4,277	)
Call — Healthcare Reality Trust, Inc.	Goldman Sachs International		24.957	11/18/22		(17,322	)		(361,164	)		(7,457	)		(839	)
Call — Healthpeak Properties, inc.	Goldman Sachs International		27.420	11/18/22		(17,846	)		(409,030	)		(6,637	)		(2,163	)

12

Over-the-Counter Option Contracts—(Continued)

Description	Counterparty	Exercise Price($)		Expiration Date	Number of Contracts			Notional Amount(j)			Premiums Received			Value
Call — Invitation Homes, Inc.	Goldman Sachs International		39.109	11/18/22		(47,193	)	$	(1,593,708	)	$	(34,564	)	$	(13,753	)
Call — Kimco Realty Corp	Goldman Sachs International		22.065	11/18/22		(19,839	)		(365,236	)		(10,310	)		(2,185	)
Call — Life Storage, Inc.	Goldman Sachs International		125.134	11/18/22		(9,699	)		(1,074,261	)		(17,606	)		(9,319	)
Call — Prologis, Inc.	Goldman Sachs International		123.389	11/18/22		(24,854	)		(2,525,166	)		(64,499	)		(16,449	)
Call — Public Storage	Goldman Sachs International		331.156	11/18/22		(4,452	)		(1,303,590	)		(30,197	)		(13,078	)
Call — Realty Income Corp.	Goldman Sachs International		67.802	11/18/22		(18,991	)		(1,105,276	)		(17,550	)		(3,377	)
Call — Simon Property group, Inc.	Goldman Sachs International		110.388	11/18/22		(12,351	)		(1,108,502	)		(25,428	)		(6,139	)
Call — VICI Properties, Inc.	Goldman Sachs International		34.189	11/18/22		(8,096	)		(241,666	)		(7,083	)		(1,567	)
Call — Welltower, Inc.	Goldman Sachs International		76.891	11/18/22		(24,848	)		(1,598,223	)		(37,237	)		(7,954	)
						(497,459	)	$	(35,225,980	)	$	(910,593	)	$	(111,285	)

13

Centrally Cleared Interest Rates

Notional Amount		Fixed Rate Payable		Fixed Payment Frequency	Floating Rate Receivable (resets monthly)l		Floating Payment Frequency	Maturity Date	Value		Upfront Receipts (Payments)		Unrealized Appreciation (Depreciation)
	$37,000,000		2.201%	Monthly		2.980%	Monthly	10/1/25	$	1,848,788	$	—	$	1,848,788
	14,500,000		2.360%	Monthly		2.980%	Monthly	12/18/25		687,320		—		687,320
	37,000,000		1.957%	Monthly		2.980%	Monthly	3/1/26		2,318,265		—		2,318,265
	37,000,000		1.557%	Monthly		2.980%	Monthly	3/1/27		3,402,809		—		3,402,809
									$	8,257,182	$	—	$	8,257,182

The total amount of all interest rate swap contracts as presented in the table above are representative of the volume of activity for this derivative type during the period March 2, 2022 through September 30, 2022, which was the period the Fund had interest rate swap contracts outstanding.

Forward Foreign Currency Exchange Contracts

Counterparty	Contracts to Deliver			In Exchange For			Settlement Date		Unrealized Appreciation (Depreciation)
Brown Brothers Harriman		CAD	1,721,362		USD	1,312,124		10/4/22	$	65,981
Brown Brothers Harriman		EUR	1,150		USD	1,152		10/4/22		25
Brown Brothers Harriman		EUR	1,810		USD	1,818		10/4/22		44
Brown Brothers Harriman		EUR	5,453		USD	5,493		10/4/22		149
Brown Brothers Harriman		GBP	2,336,759		USD	2,717,043		10/4/22		107,935
Brown Brothers Harriman		USD	1,248,757		CAD	1,721,362		10/4/22		(2,614	)
Brown Brothers Harriman		USD	2,102		EUR	2,100		10/4/22		(44	)
Brown Brothers Harriman		USD	1,561		EUR	1,552		10/4/22		(40	)
Brown Brothers Harriman		USD	2,137		EUR	2,152		10/4/22		(28	)
Brown Brothers Harriman		USD	2,554		EUR	2,609		10/4/22		3
Brown Brothers Harriman		USD	124,984		GBP	117,004		10/4/22		5,656
Brown Brothers Harriman		USD	2,470,055		GBP	2,219,755		10/4/22		8,413
Brown Brothers Harriman		CAD	1,510,903		USD	1,095,921		11/2/22		2,228
Brown Brothers Harriman		EUR	2,493		USD	2,435		11/2/22		(14	)
Brown Brothers Harriman		EUR	4,674		USD	4,584		11/2/22		(5	)
Brown Brothers Harriman		GBP	2,101,525		USD	2,339,754		11/2/22		(8,178	)
									$	179,511

14

Glossary of Portfolio Abbreviations

CAD	Canadian Dollar
EMTN	Euro Medium Term Note
ETF	Exchange-Traded Fund
EUR	Euro Currency
FRN	Floating Rate Note
GBP	Great British Pound
LIBOR	London Interbank Offered Rate
OIS	Overnight Indexed
SOFR	Secured Overnight Financing Rate
USD	United States Dollar

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

(a) All or a portion of the security is pledged as collateral in connection with the Fund’s revolving credit agreement. $323,294,099 in aggregate has been pledged as collateral.

(b) All or a portion of the security is pledged in connection with written option contracts. $6,574,174 in aggregate has been pledged as collateral.

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

(d) Security converts to floating rate after the indicated fixed-rate coupon period.

(e) Variable rate. Rate shown is in effect at September 30, 2022.

(f) Securities exempt from registration under Regulation S of the Securities Act of 1933. These securities are subject to resale restrictions. Aggregate holdings amounted to $11,849,772 which represents 4.7% of the net assets of the Fund, of which 0.0% are illiquid.

(g) 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 $36,073,809 which represents 14.2% of the net assets of the Fund (9.0% of the managed assets of the Fund).

(h) 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 $20,331,647 which represents 8.0% of the net assets of the Fund, of which 0.0% are illiquid.

(i) Rate quoted represents the annualized seven-day yield.

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

(k) Represents the nominal pay out amount.

(l) Based on 1-Month USD-SOFR-OIS. Represents rate in effect at September 30, 2022.

15

COHEN & STEERS REAL ESTATE OPPORTUNITIES AND INCOME FUND

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 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. Forward foreign currency exchange contracts are valued daily at the prevailing forward exchange rate.

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 Trustees.

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 Trustees, 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 Trustees, 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 policies and procedures approved by the Fund’s Board of Trustees delegate authority to make fair value determinations to the investment manager, subject to the oversight of the Board of Trustees. 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 Trustees. 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.

COHEN & STEERS REAL ESTATE OPPORTUNITIES AND INCOME FUND

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

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 Trustees. 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.

For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities would be categorized as Level 2 or 3 in the hierarchy, depending on the relative significance of the valuation inputs. Securities, including private placements or other restricted securities, for which observable inputs are not available are valued using alternate valuation approaches, including the market approach, the income approach and cost approach, and are categorized as Level 3 in the hierarchy. The market approach considers factors including the price of recent investments in the same or a similar security or financial metrics of comparable securities. The income approach considers factors including expected future cash flows, security specific risks and corresponding discount rates. The cost approach considers factors including the value of the security’s underlying assets and liabilities.

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, 2022 in valuing the Fund’s investments carried at value:

COHEN & STEERS REAL ESTATE OPPORTUNITIES AND INCOME FUND

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

	Quoted Prices in Active Markets for Identical Investments (Level  1)			Other Significant Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)		Total
Common Stock	$	255,847,388		$	—		$	—	$	255,847,388
Preferred Securities— $25 Par Value		27,713,664			—			—		27,713,664
Preferred Securities—Capital Securities		—			96,894,566			—		96,894,566
Corporate Bonds		—			1,364,054			—		1,364,054
Short-Term Investments		—			14,984,928			—		14,984,928
Purchased Option Contracts		—			29,150			—		29,150
Total Investments in Securities(a)	$	283,561,052		$	113,272,698		$	—	$	396,833,750
Forward Foreign Currency Exchange Contracts	$	—		$	190,434		$	—	$	190,434
Interest Rate Swap Contracts		—			8,257,182			—		8,257,182
Total Derivative Assets(a)	$	—		$	8,447,616		$	—	$	8,447,616
Forward Foreign Currency Exchange Contracts	$	—		$	(10,923	)	$	—	$	(10,923	)
Written Option Contracts		(15,360	)		(111,285	)		—		(126,645	)
Total Derivative Liabilities(a)	$	(15,360	)	$	(122,208	)	$	—	$	(137,568	)

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

Note 2. Derivative Investments

Forward Foreign Currency Exchange Contracts: The Fund enters into forward foreign currency exchange contracts to hedge the currency exposure associated with certain of its non-U.S. dollar denominated securities. A forward foreign currency exchange contract is a commitment between two parties to purchase or sell foreign currency at a set price on a future date. The market value of a forward foreign currency exchange contract fluctuates with changes in foreign currency exchange rates. These contracts are marked to market daily and the change in value is recorded by the Fund as unrealized appreciation and/or depreciation on forward foreign currency exchange contracts. Realized gains or losses equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed are included in net realized gain or loss on forward foreign currency exchange contracts.

Forward foreign currency exchange contracts involve elements of market risk in excess of the amounts reflected on the Schedule of Investments. The Fund bears the risk of an unfavorable change in the foreign exchange rate underlying the contract. Risks may also arise upon entering these contracts from the potential inability of the counterparties to meet the terms of their contracts. In connection with these contracts, securities may be identified as collateral in accordance with the terms of the respective contracts.

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 REAL ESTATE OPPORTUNITIES AND INCOME FUND

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.

Binary Option Contracts: The Fund may write or purchase binary options, which are options in which the payout depends on whether the price of a particular asset will rise above or fall below a specified level. When the binary option expires the buyer receives either a pre-determined amount of cash or nothing at all.

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 accruals for which would begin at a specific date in the future (the effective date). 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).

COHEN & STEERS REAL ESTATE OPPORTUNITIES AND INCOME FUND

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

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.

The following summarizes the volume of the Fund’s option contracts and forward foreign currency exchange contracts activity for the period February 24, 2022 (commencement of investment operations) through September 30, 2022:

	Purchased Option Contracts (a),(b)		Written Option Contracts (a),(b)		Forward Foreign Currency Exchange Contracts
Average Notional Amount	$	100,703	$	78,701,815	$	4,147,880

(a) Notional amount for swaption contracts represents the notional amount of the underlying swap contract. Notional amount for binary option contracts represents the nominal payout amount. Notional amount for all other option contracts is calculated using the number of contracts multiplied by notional contract size multiplied by the underlying price.

(b) Average notional amounts represent the average for all months in which the Fund had option contracts outstanding at month end. For the period, this represents three months for purchased option contracts and seven months for written option contracts.