Global Infrastructure Fund

The investment objective of the Fund is to achieve total return through investments in U.S. and non-U.S. equity securities issued by infrastructure companies.

Differentiated performance profile

Potential for strong total returns, reduced volatility and inflation impact mitigation

Access to critical forces driving economic change

Including infrastructure modernization, digital transformation of economies, decarbonization, and investments in improving supply chain logistics

Attractive complement to private infrastructure

Offering diversified exposure with access to assets and industries that may be less available to private investors

Global Infrastructure Fund

Total Net Assets

$797.24 M

YTD Returns

2.73%

SEC Yield

1.66%

Distribution Yield

2.12%

No. of Holdings

57

Gross Expense Ratio

1.21%

Net Expense Ratio

1.21%

Inception Date

5/3/04

(At 3/31/24)

Top Holdings

December 31, 2023

DOWNLOAD HOLDING DATA

Name	Sectors	% of Market Value
American Tower Corporation	Tower	5.5%
NextEra Energy Inc.	Electric	4.9%
TC Energy Corp	Midstream- C Corp	4.2%
Cheniere Energy Inc.	Midstream- C Corp	3.4%
CenterPoint Energy Inc.	Electric	3.2%
PPL Corporation	Electric	3%
Sempra Energy	Gas Distribution	2.8%
Transurban Group	Toll Roads	2.8%
Alliant Energy Corporation	Electric	2.7%
Grupo Aeroportuario De Sur-B	Airports	2.7%

The mention of specific investments is not a recommendation or solicitation to buy, sell or hold any particular security, swap or futures investment. Holdings are subject to change without notice.

PORTFOLIO MANAGERS

Benjamin Morton

Head of Global Infrastructure

26 years of experience

Tyler Rosenlicht

Portfolio Manager, Global Infrastructure

14 years of experience

Thuy Quynh Dang

Portfolio Manager, Global Infrastructure

23 years of experience

Morningstar rating

March 31, 2024

Name	Category	Funds in category
Overall	Infrastructure	92
Three year	Infrastructure	92
Five year	Infrastructure	83
Ten year	Infrastructure	46

Based on risk-adjusted returns.

LITERATURE

Fact Sheet Commentary Complete Holdings Q1 Holdings Q3 Holdings

Reducing Sales Charges Annual Report Semiannual Report Summary Prospectus Prospectus

Section 19 Notice Statement of Additional Information XBRL Sign Up for E-Delivery

Total Returns (A Share Class)

Calculated quarterly

As of March 31, 2024

Period	Excluding Sales Charge	Including Sales Charge	Linked Index	S&P 500 Index
YTD	2.73%	-1.89%	1.55%	10.56%
QTD	2.73%	-1.89%	1.55%	10.56%
1 Year	4.10%	-0.59%	3.22%	29.88%
3 Year	3.70%	2.12%	2.91%	11.49%
5 Year	4.64%	3.68%	3.78%	15.04%
10 Year	5.27%	4.79%	5.42%	12.96%
Since Inception (5/3/04)	7.19%	6.95%	6.58%	10.24%

Share classes have different investment minimums, expense structures and sales charges, which are detailed in the Fund prospectus.

Performance data quoted represents past performance. Past performance is no guarantee of future results. Current performance may be lower or higher than the performance quoted. The investment return and the principal value of an investment will fluctuate and shares, when redeemed, may be worth more or less than their original cost. Periods greater than 12 months are annualized. Returns are historical and include change in share price and reinvestment of all distributions.

An investor cannot invest directly in an index and index performance does not reflect the deduction of any fees, expenses or taxes. Index comparisons have limitations as volatility and other characteristics may differ from a particular investment. For index definitions, please visit www.cohenandsteers.com/indexdefinitions.

Class A Expense Ratio as disclosed in the May 1, 2022 prospectus is 1.24%.

View: Sector Diversification Geographic Diversification

Sector Diversification

As of December 31, 2023

Sector	% of Fund	% of Benchmark	% Underweight/Overweight
Electric	36.14%	39.95%	-3.81%
Midstream- C Corp	13.53%	12.21%	+1.32%
Tower	11.8%	7.8%	+4%
Gas Distribution	8.25%	5.75%	+2.5%
Airports	7.6%	9.11%	-1.51%
Toll Roads	6.82%	7.46%	-0.64%
Freight Rails	5.33%	7.63%	-2.3%
Marine Ports	3.93%	3.88%	+0.05%
Environmental Services	1.84%	-	+1.84%
Water	1.79%	2.92%	-1.13%
Cash	1.21%	-	+1.21%
Transport Logistics	1.19%	-	+1.19%
Passenger Rails	0.58%	1.05%	-0.47%

Environmental Services

% of Fund

1.84%

% of Benchmark

% Underweight/Overweight

+1.84%

Water

% of Fund

1.79%

% of Benchmark

% of Benchmark

1.05%

% Underweight/Overweight

-0.47%

Geographic Diversification

As of December 31, 2023

Sector	% of Fund	% of Benchmark	% Underweight/Overweight
United States	56.35%	52.22%	4.13%
Canada	7.52%	9.06%	-1.54%
Australia	6.37%	5.6%	0.77%
Spain	3.64%	3.4%	0.24%
India	3.57%	3.7%	-0.13%
Brazil	3.17%	2.95%	0.22%
Mexico	3.14%	2.92%	0.22%
Japan	2.81%	2.96%	-0.15%
United Kingdom	2.6%	3.12%	-0.52%
France	2.25%	0.78%	1.47%
China	2.09%	2.66%	-0.57%
Thailand	1.63%	1.67%	-0.04%
Hong Kong	1.35%	1.36%	-0.01%
Cash	1.21%	-	1.21%
Philippines	1.15%	0.86%	0.29%
Portugal	0.66%	0.04%	0.62%
Germany	0.5%	0.41%	0.09%

Cash

% of Fund

1.21%

0.41%

% Underweight/Overweight

0.09%

Portfolio weights are subject to change without notice. Due to rounding, values might not add up to 100%. The mention of specific securities is not a recommendation or solicitation to buy, sell or hold any particular security.

Distribution Information

This fund intends to make semi-annual distributions.

Pay Date	Record Date	Ex-Dividend Date	Type	Class	Amount/Share
12/7/23	12/6/23	12/7/23	Regular	A	$0.206
			Regular	C	$0.135
			Regular	I	$0.244
			Regular	R	$0.187
			Regular	Z	$0.244
6/30/23	6/29/23	6/30/23	Regular	A	$0.264
			Regular	C	$0.191
			Regular	I	$0.304
			Regular	R	$0.267
			Regular	Z	$0.304
12/8/22	12/7/22	12/8/22	Regular	A	$0.496
			Regular	C	$0.427
			Regular	I	$0.538
			Regular	R	$0.482
			Regular	Z	$0.538
6/30/22	6/29/22	6/30/22	Regular	A	$0.273
			Regular	C	$0.194
			Regular	I	$0.311
			Regular	R	$0.28
			Regular	Z	$0.311
12/9/21	12/8/21	12/9/21	Regular	A	$0.556
			Regular	C	$0.479
			Regular	I	$0.596
			Regular	R	$0.537
			Regular	Z	$0.596
6/30/21	6/29/21	6/30/21	Regular	A	$0.162
			Regular	C	$0.09
			Regular	I	$0.196
			Regular	R	$0.142
			Regular	Z	$0.196
12/10/20	12/9/20	12/10/20	Regular	A	$0.096
			Regular	C	$0.009
			Regular	I	$0.131
			Regular	R	$0.066
			Regular	Z	$0.131
6/30/20	6/29/20	6/30/20	Regular	A	$0.177
			Regular	C	$0.101
			Regular	I	$0.214
			Regular	R	$0.166
			Regular	Z	$0.214
12/4/19	12/3/19	12/4/19	Regular	A	$0.157
			Regular	C	$0.082
			Regular	I	$0.192
			Regular	R	$0.14
			Regular	Z	$0.192
6/28/19	6/27/19	6/28/19	Regular	A	$0.172
			Regular	C	$0.095
			Regular	I	$0.205
			Regular	R	$0.07
			Regular	Z	$0.205
12/6/18	12/4/18	12/6/18	Regular	A	$0.2
			Regular	C	$0.138
			Regular	I	$0.233
			Regular	R	$0.186
			Regular	Z	$0.233
6/29/18	6/28/18	6/29/18	Regular	A	$0.446
			Regular	C	$0.383
			Regular	I	$0.48
			Regular	R	$0.427
			Regular	Z	$0.48
12/6/17	12/5/17	12/6/17	Regular	A	$0.873
			Regular	C	$0.812
			Regular	I	$0.912
			Regular	R	$0.874
			Regular	Z	$0.912
6/30/17	6/29/17	6/30/17	Regular	A	$0.231
			Regular	C	$0.157
			Regular	I	$0.258
			Regular	R	$0.216
			Regular	Z	$0.258
12/8/16	12/7/16	12/8/16	Regular	A	$0.147
			Regular	C	$0.092
			Regular	I	$0.176
			Regular	R	$0.137
			Regular	Z	$0.18
6/30/16	6/29/16	6/30/16	Regular	A	$0.201
			Regular	C	$0.146
			Regular	I	$0.225
			Regular	R	$0.195
			Regular	Z	$0.232

Pay Date	Record Date	Ex-Dividend Date
12/7/23	12/6/23	12/7/23
Type Regular	Class A	Amount/Share 0.206

Type Regular	Class C	Amount/Share 0.135

Type Regular	Class I	Amount/Share 0.244

Type Regular	Class R	Amount/Share 0.187

Type Regular	Class Z	Amount/Share 0.244
6/30/23	6/29/23	6/30/23
Type Regular	Class A	Amount/Share 0.264

Type Regular	Class C	Amount/Share 0.191

Type Regular	Class I	Amount/Share 0.304

Type Regular	Class R	Amount/Share 0.267

Type Regular	Class Z	Amount/Share 0.304
12/8/22	12/7/22	12/8/22
Type Regular	Class A	Amount/Share 0.496

Type Regular	Class C	Amount/Share 0.427

Type Regular	Class I	Amount/Share 0.538

Type Regular	Class R	Amount/Share 0.482

Type Regular	Class Z	Amount/Share 0.538
6/30/22	6/29/22	6/30/22
Type Regular	Class A	Amount/Share 0.273

Type Regular	Class C	Amount/Share 0.194

Type Regular	Class I	Amount/Share 0.311

Type Regular	Class R	Amount/Share 0.28

Type Regular	Class Z	Amount/Share 0.311
12/9/21	12/8/21	12/9/21
Type Regular	Class A	Amount/Share 0.556

Type Regular	Class C	Amount/Share 0.479

Type Regular	Class I	Amount/Share 0.596

Type Regular	Class R	Amount/Share 0.537

Type Regular	Class Z	Amount/Share 0.596
6/30/21	6/29/21	6/30/21
Type Regular	Class A	Amount/Share 0.162

Type Regular	Class C	Amount/Share 0.09

Type Regular	Class I	Amount/Share 0.196

Type Regular	Class R	Amount/Share 0.142

Type Regular	Class Z	Amount/Share 0.196
12/10/20	12/9/20	12/10/20
Type Regular	Class A	Amount/Share 0.096

Type Regular	Class C	Amount/Share 0.009

Type Regular	Class I	Amount/Share 0.131

Type Regular	Class R	Amount/Share 0.066

Type Regular	Class Z	Amount/Share 0.131
6/30/20	6/29/20	6/30/20
Type Regular	Class A	Amount/Share 0.177

Type Regular	Class C	Amount/Share 0.101

Type Regular	Class I	Amount/Share 0.214

Type Regular	Class R	Amount/Share 0.166

Type Regular	Class Z	Amount/Share 0.214
12/4/19	12/3/19	12/4/19
Type Regular	Class A	Amount/Share 0.157

Type Regular	Class C	Amount/Share 0.082

Type Regular	Class I	Amount/Share 0.192

Type Regular	Class R	Amount/Share 0.14

Type Regular	Class Z	Amount/Share 0.192
6/28/19	6/27/19	6/28/19
Type Regular	Class A	Amount/Share 0.172

Type Regular	Class C	Amount/Share 0.095

Type Regular	Class I	Amount/Share 0.205

Type Regular	Class R	Amount/Share 0.07

Type Regular	Class Z	Amount/Share 0.205
12/6/18	12/4/18	12/6/18
Type Regular	Class A	Amount/Share 0.2

Type Regular	Class C	Amount/Share 0.138

Type Regular	Class I	Amount/Share 0.233

Type Regular	Class R	Amount/Share 0.186

Type Regular	Class Z	Amount/Share 0.233
6/29/18	6/28/18	6/29/18
Type Regular	Class A	Amount/Share 0.446

Type Regular	Class C	Amount/Share 0.383

Type Regular	Class I	Amount/Share 0.48

Type Regular	Class R	Amount/Share 0.427

Type Regular	Class Z	Amount/Share 0.48
12/6/17	12/5/17	12/6/17
Type Regular	Class A	Amount/Share 0.873

Type Regular	Class C	Amount/Share 0.812

Type Regular	Class I	Amount/Share 0.912

Type Regular	Class R	Amount/Share 0.874

Type Regular	Class Z	Amount/Share 0.912
6/30/17	6/29/17	6/30/17
Type Regular	Class A	Amount/Share 0.231

Type Regular	Class C	Amount/Share 0.157

Type Regular	Class I	Amount/Share 0.258

Type Regular	Class R	Amount/Share 0.216

Type Regular	Class Z	Amount/Share 0.258
12/8/16	12/7/16	12/8/16
Type Regular	Class A	Amount/Share 0.147

Type Regular	Class C	Amount/Share 0.092

Type Regular	Class I	Amount/Share 0.176

Type Regular	Class R	Amount/Share 0.137

Type Regular	Class Z	Amount/Share 0.18
6/30/16	6/29/16	6/30/16
Type Regular	Class A	Amount/Share 0.201

Type Regular	Class C	Amount/Share 0.146

Type Regular	Class I	Amount/Share 0.225

Type Regular	Class R	Amount/Share 0.195

Type Regular	Class Z	Amount/Share 0.232

Tax Center

Dividend Calendar

Estimated Sources of Distribution

Pay Date	Class	Per Share Distribution	Net Investment Income	Return Of Capital	Long Term Gain	Short Term Gain
12/7/23	A	$0.206	$0.19	$0.016	$0	$0
12/7/23	C	$0.135	$0.119	$0.016	$0	$0
12/7/23	I	$0.244	$0.228	$0.016	$0	$0
12/7/23	R	$0.187	$0.171	$0.016	$0	$0
12/7/23	Z	$0.244	$0.228	$0.016	$0	$0
6/30/23	A	$0.264	$0.257	$0.007	$0	$0
6/30/23	C	$0.191	$0.184	$0.007	$0	$0
6/30/23	I	$0.304	$0.297	$0.007	$0	$0
6/30/23	R	$0.267	$0.26	$0.007	$0	$0
6/30/23	Z	$0.304	$0.297	$0.007	$0	$0
12/8/22	A	$0.496	$0.159	$0.023	$0.314	$0
12/8/22	C	$0.427	$0.09	$0.023	$0.314	$0
12/8/22	I	$0.538	$0.201	$0.023	$0.314	$0
12/8/22	R	$0.482	$0.145	$0.023	$0.314	$0
12/8/22	Z	$0.538	$0.201	$0.023	$0.314	$0
6/30/22	A	$0.273	$0.162	$0.02	$0.061	$0.03
6/30/22	C	$0.194	$0.083	$0.02	$0.061	$0.03
6/30/22	I	$0.311	$0.2	$0.02	$0.061	$0.03
6/30/22	R	$0.28	$0.169	$0.02	$0.061	$0.03
6/30/22	Z	$0.311	$0.2	$0.02	$0.061	$0.03
12/9/21	A	$0.556	$0.154	$0.021	$0.202	$0.179
12/9/21	C	$0.479	$0.077	$0.021	$0.202	$0.179
12/9/21	I	$0.596	$0.194	$0.021	$0.202	$0.179
12/9/21	R	$0.537	$0.135	$0.021	$0.202	$0.179
12/9/21	Z	$0.596	$0.194	$0.021	$0.202	$0.179
6/30/21	A	$0.162	$0.128	$0.034	$0	$0
6/30/21	C	$0.09	$0.056	$0.034	$0	$0
6/30/21	I	$0.196	$0.162	$0.034	$0	$0
6/30/21	R	$0.142	$0.108	$0.034	$0	$0
6/30/21	Z	$0.196	$0.162	$0.034	$0	$0
12/10/20	A	$0.096	$0.07	$0.026	$0	$0
12/10/20	C	$0.009	$0	$0.009	$0	$0
12/10/20	I	$0.131	$0.105	$0.026	$0	$0
12/10/20	R	$0.066	$0.04	$0.026	$0	$0
12/10/20	Z	$0.131	$0.105	$0.026	$0	$0
6/30/20	A	$0.177	$0.163	$0.014	$0	$0
6/30/20	C	$0.101	$0.087	$0.014	$0	$0
6/30/20	I	$0.214	$0.2	$0.014	$0	$0
6/30/20	R	$0.166	$0.152	$0.014	$0	$0
6/30/20	Z	$0.214	$0.2	$0.014	$0	$0
12/4/19	A	$0.157	$0.124	$0.033	$0	$0
12/4/19	C	$0.082	$0.049	$0.033	$0	$0
12/4/19	I	$0.192	$0.159	$0.033	$0	$0
12/4/19	R	$0.14	$0.107	$0.033	$0	$0
12/4/19	Z	$0.192	$0.159	$0.033	$0	$0
6/28/19	A	$0.172	$0.13	$0.042	$0	$0
6/28/19	C	$0.095	$0.053	$0.042	$0	$0
6/28/19	I	$0.205	$0.163	$0.042	$0	$0
6/28/19	R	$0.07	$0.028	$0.042	$0	$0
6/28/19	Z	$0.205	$0.163	$0.042	$0	$0
12/6/18	A	$0.2	$0.135	$0.01	$0.055	$0
12/6/18	C	$0.138	$0.073	$0.01	$0.055	$0
12/6/18	I	$0.233	$0.168	$0.01	$0.055	$0
12/6/18	R	$0.186	$0.121	$0.01	$0.055	$0
12/6/18	Z	$0.233	$0.168	$0.01	$0.055	$0
6/29/18	A	$0.446	$0.151	$0.017	$0.278	$0
6/29/18	C	$0.383	$0.088	$0.017	$0.278	$0
6/29/18	I	$0.48	$0.185	$0.017	$0.278	$0
6/29/18	R	$0.427	$0.132	$0.017	$0.278	$0
6/29/18	Z	$0.48	$0.185	$0.017	$0.278	$0
12/6/17	A	$0.873	$0.121	$0.026	$0.726	$0
12/6/17	C	$0.812	$0.06	$0.026	$0.726	$0
12/6/17	I	$0.912	$0.16	$0.026	$0.726	$0
12/6/17	R	$0.874	$0.122	$0.026	$0.726	$0
12/6/17	Z	$0.912	$0.16	$0.026	$0.726	$0
6/30/17	A	$0.231	$0.218	$0.013	$0	$0
6/30/17	C	$0.157	$0.144	$0.013	$0	$0
6/30/17	I	$0.258	$0.245	$0.013	$0	$0
6/30/17	R	$0.216	$0.203	$0.013	$0	$0
6/30/17	Z	$0.258	$0.245	$0.013	$0	$0
12/8/16	A	$0.147	$0.124	$0.023	$0	$0
12/8/16	C	$0.092	$0.069	$0.023	$0	$0
12/8/16	I	$0.176	$0.153	$0.023	$0	$0
12/8/16	R	$0.137	$0.114	$0.023	$0	$0
12/8/16	Z	$0.18	$0.157	$0.023	$0	$0
6/30/16	A	$0.201	$0.189	$0.012	$0	$0
6/30/16	C	$0.146	$0.134	$0.012	$0	$0
6/30/16	I	$0.225	$0.213	$0.012	$0	$0
6/30/16	R	$0.195	$0.183	$0.012	$0	$0
6/30/16	Z	$0.232	$0.22	$0.012	$0	$0

Per Share Distribution

0.009

Long Term Gain

Short Term Gain

Tax Center

Dividend Calendar

Estimates Only - Do Not Use for Tax Reporting Purposes This table provides estimates of the Fund's distribution sources at the time of payment and should not be relied upon or used for tax planning or tax reporting purposes. A return of capital occurs when a portion of the money that you invested is paid back to you and should not be confused with “yield” or “income”. Income as determined under federal income tax regulations differs from GAAP. As a result, distributions are subject to recharacterization for federal income tax purposes. Therefore the actual composition of the distributions noted above may change substantially by year-end and, to the extent these changes do occur, they will have the effect of reducing the net investment income component of fund distributions and correspondingly increasing the capital gains and/or return of capital components. The final determination of the source and tax characteristics of all distributions will be made after year-end and reported to you on Form 1099-DIV and these final amounts may vary significantly from the estimates provided above. Form 1099-DIV, which is mailed after the close of the calendar year, will specify how the distributions paid by the Fund during the year should be characterized and reported on your tax return (e.g. ordinary income, return of capital and capital gain).

Risks

Risks of Investing in Global Infrastructure Securities
Investing involves risk, including possible loss of principal. Since the fund concentrates its assets in global infrastructure securities, the fund will be more susceptible to adverse economic or regulatory occurrences affecting global infrastructure companies than an investment company that is not primarily invested in global infrastructure companies. Infrastructure companies may be subject to a variety of factors that may adversely affect their business or operations, including high interest costs in connection with capital construction and improvement programs, high leverage, costs associated with environmental and other regulations, the effects of economic slowdown, surplus capacity, increased competition from other providers of services, uncertainties concerning the availability of fuel at reasonable prices, the effects of energy conservation policies and other factors. Infrastructure issuers may be subject to regulation by various governmental authorities and may also be affected by governmental regulation of rates charged to customers, operational or other mishaps, tariffs and changes in tax laws, regulatory policies and accounting standards. Foreign securities involve special risks, including currency fluctuation and lower liquidity. Some global securities may represent small and medium-sized companies, which may be more susceptible to price volatility than larger companies. No representation or warranty is made as to the efficacy of any particular strategy or fund or the actual returns that may be achieved.

Total Net Assets