UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
|
Investment Company Act file number |
811-22057 | |||||||
|
| ||||||||
|
Cohen & Steers Global Income Builder, Inc. | ||||||||
|
(Exact name of registrant as specified in charter) | ||||||||
|
| ||||||||
|
280 Park Avenue |
|
10017 | ||||||
|
(Address of principal executive offices) |
|
(Zip code) | ||||||
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| ||||||||
|
Tina M. Payne | ||||||||
|
(Name and address of agent for service) | ||||||||
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| ||||||||
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Registrant’s telephone number, including area code: |
(212) 832-3232 |
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Date of fiscal year end: |
December 31 |
| ||||||
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Date of reporting period: |
March 31, 2015 |
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Item 1. Schedule of Investments
COHEN & STEERS GLOBAL INCOME BUILDER, INC.
SCHEDULE OF INVESTMENTS
March 31, 2015 (Unaudited)
|
|
|
Number |
|
Value |
| |
|
COMMON STOCK 114.1% |
|
|
|
|
| |
|
AUSTRALIA 1.4% |
|
|
|
|
| |
|
FINANCIAL—BANKS 0.3% |
|
|
|
|
| |
|
Australia and New Zealand Banking Group Ltd.(a),(b) |
|
33,161 |
|
$ |
922,545 |
|
|
|
|
|
|
|
| |
|
MATERIALS—METALS & MINING 0.3% |
|
|
|
|
| |
|
BHP Billiton Ltd.(a),(b) |
|
29,287 |
|
680,747 |
| |
|
|
|
|
|
|
| |
|
PIPELINES—C-CORP 0.2% |
|
|
|
|
| |
|
APA Group(b) |
|
84,880 |
|
583,813 |
| |
|
|
|
|
|
|
| |
|
REAL ESTATE—RETAIL 0.6% |
|
|
|
|
| |
|
Novion Property Group(b) |
|
268,724 |
|
511,911 |
| |
|
Scentre Group(b) |
|
219,517 |
|
623,611 |
| |
|
Westfield Corp.(b) |
|
85,594 |
|
620,310 |
| |
|
|
|
|
|
1,755,832 |
| |
|
TOTAL AUSTRALIA |
|
|
|
3,942,937 |
| |
|
BELGIUM 1.1% |
|
|
|
|
| |
|
CONSUMER STAPLES |
|
|
|
|
| |
|
Anheuser-Busch InBev NV(a),(b) |
|
25,100 |
|
3,066,351 |
| |
|
|
|
|
|
|
| |
|
BERMUDA 0.1% |
|
|
|
|
| |
|
REAL ESTATE—HOTEL |
|
|
|
|
| |
|
Belmond Ltd., Class A (USD)(c),(d) |
|
24,126 |
|
296,267 |
| |
|
|
|
|
|
|
| |
|
BRAZIL 0.1% |
|
|
|
|
| |
|
ELECTRIC—INTEGRATED ELECTRIC |
|
|
|
|
| |
|
Light SA |
|
54,412 |
|
245,502 |
| |
|
|
|
|
|
|
| |
|
CANADA 2.5% |
|
|
|
|
| |
|
DIVERSIFIED 0.2% |
|
|
|
|
| |
|
AltaGas Ltd. |
|
14,746 |
|
492,018 |
| |
|
|
|
|
|
|
| |
|
MATERIALS—CHEMICALS 0.8% |
|
|
|
|
| |
|
Potash Corp. of Saskatchewan |
|
67,197 |
|
2,166,242 |
| |
|
|
|
|
|
|
| |
|
PIPELINES—C-CORP 1.1% |
|
|
|
|
| |
|
Enbridge(e) |
|
26,393 |
|
1,272,190 |
| |
|
Inter Pipeline Ltd. |
|
20,294 |
|
522,993 |
| |
|
TransCanada Corp. |
|
26,704 |
|
1,141,912 |
| |
|
|
|
|
|
2,937,095 |
| |
|
RAILWAYS 0.4% |
|
|
|
|
| |
|
Canadian National Railway Co. |
|
18,900 |
|
1,265,720 |
| |
|
|
|
|
|
|
| |
|
REAL ESTATE—DIVERSIFIED 0.0% |
|
|
|
|
| |
|
Pure Industrial Real Estate Trust |
|
17,964 |
|
71,626 |
| |
|
|
|
Number |
|
Value |
| |
|
TOTAL CANADA |
|
|
|
$ |
6,932,701 |
|
|
|
|
|
|
|
| |
|
CHINA 0.3% |
|
|
|
|
| |
|
GAS DISTRIBUTION 0.2% |
|
|
|
|
| |
|
Towngas China Co., Ltd. (Cayman Islands) (HKD)(b) |
|
507,000 |
|
463,824 |
| |
|
|
|
|
|
|
| |
|
REAL ESTATE—RESIDENTIAL 0.1% |
|
|
|
|
| |
|
China Vanke Co. Ltd., Class H (HKD)(b),(d) |
|
142,800 |
|
336,222 |
| |
|
TOTAL CHINA |
|
|
|
800,046 |
| |
|
FRANCE 5.2% |
|
|
|
|
| |
|
CONSUMER STAPLES 0.9% |
|
|
|
|
| |
|
Danone SA(a),(b) |
|
37,800 |
|
2,548,017 |
| |
|
|
|
|
|
|
| |
|
CONSUMER—CYCLICAL 0.5% |
|
|
|
|
| |
|
APPAREL 0.0% |
|
|
|
|
| |
|
Hermes International(b) |
|
360 |
|
127,110 |
| |
|
|
|
|
|
|
| |
|
DIVERSIFIED 0.5% |
|
|
|
|
| |
|
LVMH Moet Hennessy Louis Vuitton SA(a),(b) |
|
7,400 |
|
1,302,275 |
| |
|
TOTAL CONSUMER—CYCLICAL |
|
|
|
1,429,385 |
| |
|
ENERGY—OIL & GAS 0.7% |
|
|
|
|
| |
|
Total SA(a),(b) |
|
35,480 |
|
1,763,605 |
| |
|
|
|
|
|
|
| |
|
FINANCIAL—BANKS 1.1% |
|
|
|
|
| |
|
BNP Paribas(a),(b) |
|
51,300 |
|
3,121,400 |
| |
|
|
|
|
|
|
| |
|
INDUSTRIALS—AEROSPACE & DEFENSE 0.6% |
|
|
|
|
| |
|
Airbus Group NV(b) |
|
25,500 |
|
1,657,777 |
| |
|
|
|
|
|
|
| |
|
MATERIALS—CONSTRUCTION MATERIALS 0.3% |
|
|
|
|
| |
|
Lafarge SA(a),(b) |
|
13,600 |
|
884,145 |
| |
|
|
|
|
|
|
| |
|
RAILWAYS 0.4% |
|
|
|
|
| |
|
Groupe Eurotunnel SA(a),(b) |
|
69,925 |
|
1,002,447 |
| |
|
|
|
|
|
|
| |
|
REAL ESTATE 0.7% |
|
|
|
|
| |
|
DIVERSIFIED 0.3% |
|
|
|
|
| |
|
Fonciere des Regions(b) |
|
2,933 |
|
290,437 |
| |
|
Gecina SA(b) |
|
3,209 |
|
434,020 |
| |
|
|
|
|
|
724,457 |
| |
|
RETAIL 0.4% |
|
|
|
|
| |
|
Klepierre(b) |
|
22,359 |
|
1,097,964 |
| |
|
TOTAL REAL ESTATE |
|
|
|
1,822,421 |
| |
|
TOTAL FRANCE |
|
|
|
14,229,197 |
| |
|
|
|
Number |
|
Value |
| |
|
GERMANY 4.6% |
|
|
|
|
| |
|
AUTOMOTIVE 0.9% |
|
|
|
|
| |
|
Bayerische Motoren Werke AG(a),(b) |
|
19,900 |
|
$ |
2,478,249 |
|
|
|
|
|
|
|
| |
|
FINANCIAL 2.3% |
|
|
|
|
| |
|
BANKS 0.9% |
|
|
|
|
| |
|
Deutsche Bank AG(a),(b) |
|
68,100 |
|
2,360,192 |
| |
|
|
|
|
|
|
| |
|
INSURANCE 1.4% |
|
|
|
|
| |
|
Allianz SE(a),(b) |
|
22,300 |
|
3,871,651 |
| |
|
TOTAL FINANCIAL |
|
|
|
6,231,843 |
| |
|
INDUSTRIALS —ELECTRICAL EQUIPMENT 0.4% |
|
|
|
|
| |
|
Siemens AG(b) |
|
9,800 |
|
1,059,911 |
| |
|
|
|
|
|
|
| |
|
REAL ESTATE—RESIDENTIAL 0.3% |
|
|
|
|
| |
|
Deutsche Wohnen AG(b) |
|
27,526 |
|
704,026 |
| |
|
LEG Immobilien AG(b),(d) |
|
1,829 |
|
145,085 |
| |
|
|
|
|
|
849,111 |
| |
|
TECHNOLOGY—SOFTWARE 0.7% |
|
|
|
|
| |
|
SAP AG(a),(b) |
|
26,300 |
|
1,900,894 |
| |
|
TOTAL GERMANY |
|
|
|
12,520,008 |
| |
|
HONG KONG 3.1% |
|
|
|
|
| |
|
ELECTRIC—REGULATED ELECTRIC 0.2% |
|
|
|
|
| |
|
Power Assets Holdings Ltd.(b) |
|
56,000 |
|
569,116 |
| |
|
|
|
|
|
|
| |
|
ENERGY—OIL & GAS 0.2% |
|
|
|
|
| |
|
CNOOC Ltd.(a),(b) |
|
424,000 |
|
597,310 |
| |
|
|
|
|
|
|
| |
|
FINANCIAL—INVESTMENT BANKERS/BROKERS 0.3% |
|
|
|
|
| |
|
Hong Kong Exchanges and Clearing Ltd.(a),(b) |
|
39,000 |
|
955,474 |
| |
|
|
|
|
|
|
| |
|
HOTEL 0.4% |
|
|
|
|
| |
|
Wynn Macau Ltd.(b) |
|
470,000 |
|
1,018,149 |
| |
|
|
|
|
|
|
| |
|
INDUSTRIALS—DIVERSIFIED 0.7% |
|
|
|
|
| |
|
Hutchison Whampoa Ltd.(a),(b) |
|
148,400 |
|
2,055,038 |
| |
|
|
|
|
|
|
| |
|
MARINE PORTS 0.2% |
|
|
|
|
| |
|
Cosco Pacific Ltd. (Bermuda)(b) |
|
360,000 |
|
469,705 |
| |
|
|
|
|
|
|
| |
|
REAL ESTATE 0.8% |
|
|
|
|
| |
|
DIVERSIFIED 0.4% |
|
|
|
|
| |
|
New World Development Co., Ltd.(b) |
|
435,000 |
|
504,874 |
| |
|
Sun Hung Kai Properties Ltd.(b) |
|
14,404 |
|
222,288 |
| |
|
|
|
Number |
|
Value |
| |
|
Wharf Holdings Ltd.(b) |
|
54,000 |
|
$ |
376,269 |
|
|
|
|
|
|
1,103,431 |
| |
|
OFFICE 0.2% |
|
|
|
|
| |
|
Hongkong Land Holdings Ltd. (USD) |
|
74,398 |
|
561,705 |
| |
|
|
|
|
|
|
| |
|
RETAIL 0.2% |
|
|
|
|
| |
|
Link REIT(b) |
|
76,500 |
|
470,461 |
| |
|
TOTAL REAL ESTATE |
|
|
|
2,135,597 |
| |
|
TELECOMMUNICATION SERVICES 0.3% |
|
|
|
|
| |
|
China Mobile Ltd.(a),(b) |
|
56,500 |
|
734,875 |
| |
|
TOTAL HONG KONG |
|
|
|
8,535,264 |
| |
|
IRELAND 2.9% |
|
|
|
|
| |
|
HEALTH CARE—PHARMACEUTICALS |
|
|
|
|
| |
|
Actavis PLC (USD)(a),(c),(d) |
|
18,500 |
|
5,505,970 |
| |
|
Perrigo Co. PLC (USD)(c) |
|
14,300 |
|
2,367,365 |
| |
|
TOTAL IRELAND |
|
|
|
7,873,335 |
| |
|
ITALY 0.3% |
|
|
|
|
| |
|
COMMUNICATIONS—TOWERS 0.2% |
|
|
|
|
| |
|
RAI Way S.p.A.(d) |
|
174,850 |
|
752,030 |
| |
|
|
|
|
|
|
| |
|
REAL ESTATE—DIVERSIFIED 0.1% |
|
|
|
|
| |
|
Beni Stabili S.p.A. (USD)(b) |
|
177,733 |
|
139,341 |
| |
|
TOTAL ITALY |
|
|
|
891,371 |
| |
|
JAPAN 9.8% |
|
|
|
|
| |
|
AUTOMOTIVE 0.6% |
|
|
|
|
| |
|
Toyota Motor Corp.(a),(b) |
|
22,000 |
|
1,535,682 |
| |
|
|
|
|
|
|
| |
|
CONSUMER DISCRETIONARY—MEDIA 0.7% |
|
|
|
|
| |
|
CyberAgent(a),(b) |
|
32,900 |
|
1,884,423 |
| |
|
|
|
|
|
|
| |
|
ELECTRIC—INTEGRATED ELECTRIC 0.1% |
|
|
|
|
| |
|
Electric Power Development Co., Ltd.(b) |
|
12,700 |
|
427,826 |
| |
|
|
|
|
|
|
| |
|
FINANCIAL 1.5% |
|
|
|
|
| |
|
DIVERSIFIED FINANCIAL SERVICES 1.0% |
|
|
|
|
| |
|
Mitsubishi UFJ Financial Group(b) |
|
111,200 |
|
688,708 |
| |
|
ORIX Corp.(a),(b) |
|
140,500 |
|
1,974,182 |
| |
|
|
|
|
|
2,662,890 |
| |
|
INSURANCE 0.5% |
|
|
|
|
| |
|
NKSJ Holdings(a),(b) |
|
46,250 |
|
1,437,835 |
| |
|
|
|
Number |
|
Value |
| |
|
TOTAL FINANCIAL |
|
|
|
$ |
4,100,725 |
|
|
|
|
|
|
|
| |
|
GAS DISTRIBUTION 0.2% |
|
|
|
|
| |
|
Tokyo Gas Co., Ltd.(b) |
|
101,000 |
|
634,960 |
| |
|
|
|
|
|
|
| |
|
HEALTH CARE—PHARMACEUTICALS 0.5% |
|
|
|
|
| |
|
Astellas Pharma(a),(b) |
|
81,100 |
|
1,328,814 |
| |
|
|
|
|
|
|
| |
|
INDUSTRIALS 2.5% |
|
|
|
|
| |
|
COMMERCIAL SERVICES & SUPPLIES 1.0% |
|
|
|
|
| |
|
Secom Co., Ltd.(a),(b) |
|
41,700 |
|
2,781,401 |
| |
|
|
|
|
|
|
| |
|
ELECTRICAL EQUIPMENT 1.5% |
|
|
|
|
| |
|
Fanuc Ltd.(a),(b) |
|
11,000 |
|
2,401,451 |
| |
|
Murata Manufacturing Co., Ltd.(a),(b) |
|
11,700 |
|
1,606,868 |
| |
|
|
|
|
|
4,008,319 |
| |
|
TOTAL INDUSTRIALS |
|
|
|
6,789,720 |
| |
|
RAILWAYS 0.2% |
|
|
|
|
| |
|
West Japan Railway Co.(b) |
|
12,600 |
|
660,623 |
| |
|
|
|
|
|
|
| |
|
REAL ESTATE 1.4% |
|
|
|
|
| |
|
DIVERSIFIED 0.8% |
|
|
|
|
| |
|
Mitsubishi Estate Co., Ltd.(b) |
|
9,000 |
|
208,727 |
| |
|
Mitsui Fudosan Co., Ltd.(b) |
|
26,000 |
|
763,568 |
| |
|
Nomura Real Estate Master Fund(b) |
|
201 |
|
249,757 |
| |
|
Sumitomo Realty & Development Co., Ltd.(b) |
|
14,000 |
|
504,019 |
| |
|
Tokyo Tatemono Co., Ltd.(b) |
|
51,000 |
|
373,642 |
| |
|
|
|
|
|
2,099,713 |
| |
|
INDUSTRIALS 0.2% |
|
|
|
|
| |
|
Hulic Co., Ltd.(a),(b) |
|
26,600 |
|
298,879 |
| |
|
Nippon Prologis REIT(b) |
|
98 |
|
215,734 |
| |
|
|
|
|
|
514,613 |
| |
|
OFFICE 0.3% |
|
|
|
|
| |
|
Hulic REIT(b) |
|
175 |
|
268,937 |
| |
|
Nippon Building Fund(b) |
|
72 |
|
353,701 |
| |
|
Nomura Real Estate Office Fund(b) |
|
30 |
|
145,713 |
| |
|
|
|
|
|
768,351 |
| |
|
RETAIL 0.1% |
|
|
|
|
| |
|
AEON Mall Co., Ltd.(b) |
|
20,000 |
|
396,062 |
| |
|
TOTAL REAL ESTATE |
|
|
|
3,778,739 |
| |
|
|
|
Number |
|
Value |
| |
|
TECHNOLOGY 1.5% |
|
|
|
|
| |
|
ELECTRONIC EQUIPMENT & INSTRUMENTS 1.0% |
|
|
|
|
| |
|
Kyocera Corp.(a),(b) |
|
26,900 |
|
$ |
1,470,158 |
|
|
Sony Corp.(a),(b),(d) |
|
40,500 |
|
1,083,116 |
| |
|
|
|
|
|
2,553,274 |
| |
|
OFFICE ELECTRONICS 0.5% |
|
|
|
|
| |
|
Canon(a),(b) |
|
40,900 |
|
1,447,095 |
| |
|
TOTAL TECHNOLOGY |
|
|
|
4,000,369 |
| |
|
TELECOMMUNICATION SERVICES 0.6% |
|
|
|
|
| |
|
KDDI Corp.(a),(b) |
|
79,800 |
|
1,802,883 |
| |
|
TOTAL JAPAN |
|
|
|
26,944,764 |
| |
|
JERSEY 0.8% |
|
|
|
|
| |
|
CONSUMER DISCRETIONARY—MEDIA |
|
|
|
|
| |
|
WPP PLC (GBP)(a),(b) |
|
97,500 |
|
2,214,284 |
| |
|
|
|
|
|
|
| |
|
MEXICO 0.8% |
|
|
|
|
| |
|
AIRPORTS 0.2% |
|
|
|
|
| |
|
Grupo Aeroportuario del Pacifico SAB de CV, ADR |
|
8,656 |
|
567,314 |
| |
|
|
|
|
|
|
| |
|
CONSUMER—NON-CYCLICAL—RETAIL 0.4% |
|
|
|
|
| |
|
Wal-Mart de Mexico SAB de CV |
|
410,600 |
|
1,023,169 |
| |
|
|
|
|
|
|
| |
|
TELECOMMUNICATION SERVICES 0.2% |
|
|
|
|
| |
|
America Movil SAB de CV |
|
573,400 |
|
586,801 |
| |
|
TOTAL MEXICO |
|
|
|
2,177,284 |
| |
|
NETHERLANDS 0.9% |
|
|
|
|
| |
|
MARINE PORTS 0.0% |
|
|
|
|
| |
|
Koninklijke Vopak NV(b) |
|
2,065 |
|
113,961 |
| |
|
|
|
|
|
|
| |
|
MATERIALS—CHEMICALS 0.5% |
|
|
|
|
| |
|
LyondellBasell Industries NV, Class A (USD)(c) |
|
16,200 |
|
1,422,360 |
| |
|
|
|
|
|
|
| |
|
REAL ESTATE 0.4% |
|
|
|
|
| |
|
DIVERSIFIED 0.1% |
|
|
|
|
| |
|
Nieuwe Steen Investments NV(b) |
|
62,051 |
|
279,271 |
| |
|
|
|
|
|
|
| |
|
RETAIL 0.3% |
|
|
|
|
| |
|
Wereldhave NV(b) |
|
10,130 |
|
680,707 |
| |
|
TOTAL REAL ESTATE |
|
|
|
959,978 |
| |
|
TOTAL NETHERLANDS |
|
|
|
2,496,299 |
| |
|
|
|
|
|
|
|
|
|
|
|
Number |
|
Value |
| |
|
SINGAPORE 0.9% |
|
|
|
|
| |
|
REAL ESTATE 0.4% |
|
|
|
|
| |
|
DIVERSIFIED 0.2% |
|
|
|
|
| |
|
Capitaland Ltd.(b) |
|
85,200 |
|
$ |
222,080 |
|
|
City Developments Ltd.(b) |
|
39,100 |
|
286,591 |
| |
|
|
|
|
|
508,671 |
| |
|
INDUSTRIALS 0.2% |
|
|
|
|
| |
|
Ascendas REIT(b) |
|
120,400 |
|
227,102 |
| |
|
Global Logistic Properties Ltd.(b) |
|
177,000 |
|
341,627 |
| |
|
|
|
|
|
568,729 |
| |
|
TOTAL REAL ESTATE |
|
|
|
1,077,400 |
| |
|
TECHNOLOGY—SEMICONDUCTORS 0.5% |
|
|
|
|
| |
|
Avago Technologies Ltd. (USD)(c) |
|
11,879 |
|
1,508,395 |
| |
|
TOTAL SINGAPORE |
|
|
|
2,585,795 |
| |
|
SOUTH KOREA 0.5% |
|
|
|
|
| |
|
TECHNOLOGY—SEMICONDUCTORS |
|
|
|
|
| |
|
Samsung Electronics Co., Ltd. GDR, 144A(f) |
|
2,000 |
|
1,288,000 |
| |
|
|
|
|
|
|
| |
|
SPAIN 1.6% |
|
|
|
|
| |
|
AIRPORTS 0.1% |
|
|
|
|
| |
|
Aena SA(d) |
|
3,826 |
|
384,692 |
| |
|
|
|
|
|
|
| |
|
FINANCIAL—BANKS 0.4% |
|
|
|
|
| |
|
Banco Santander Central Hispano SA(b) |
|
135,474 |
|
1,015,564 |
| |
|
|
|
|
|
|
| |
|
GAS DISTRIBUTION 0.3% |
|
|
|
|
| |
|
Enagas SA(b) |
|
27,096 |
|
774,806 |
| |
|
|
|
|
|
|
| |
|
REAL ESTATE—DIVERSIFIED 0.1% |
|
|
|
|
| |
|
Hispania Activos Inmobiliarios SA(b),(d) |
|
9,502 |
|
125,201 |
| |
|
Lar Espana Real Estate Socimi SA(b),(d) |
|
9,997 |
|
115,071 |
| |
|
|
|
|
|
240,272 |
| |
|
TELECOMMUNICATION SERVICES 0.4% |
|
|
|
|
| |
|
Telefonica SA(a),(b) |
|
83,500 |
|
1,188,163 |
| |
|
|
|
|
|
|
| |
|
TOLL ROADS 0.3% |
|
|
|
|
| |
|
Ferrovial SA(b) |
|
39,996 |
|
850,398 |
| |
|
TOTAL SPAIN |
|
|
|
4,453,895 |
| |
|
SWITZERLAND 6.2% |
|
|
|
|
| |
|
AIRPORTS 0.2% |
|
|
|
|
| |
|
Flughafen Zuerich AG(a),(b) |
|
687 |
|
540,528 |
| |
|
|
|
Number |
|
Value |
| |
|
CONSUMER—NON-CYCLICAL—FOOD 1.4% |
|
|
|
|
| |
|
Nestle SA(a),(b) |
|
50,320 |
|
$ |
3,789,215 |
|
|
|
|
|
|
|
| |
|
FINANCIAL 2.6% |
|
|
|
|
| |
|
BANKS 0.5% |
|
|
|
|
| |
|
Credit Suisse Group AG(a),(b) |
|
48,673 |
|
1,309,495 |
| |
|
|
|
|
|
|
| |
|
INSURANCE 2.1% |
|
|
|
|
| |
|
ACE Ltd. (USD)(c) |
|
21,200 |
|
2,363,588 |
| |
|
Zurich Insurance Group AG(a),(b) |
|
10,000 |
|
3,380,021 |
| |
|
|
|
|
|
5,743,609 |
| |
|
TOTAL FINANCIAL |
|
|
|
7,053,104 |
| |
|
HEALTH CARE—PHARMACEUTICALS 1.5% |
|
|
|
|
| |
|
Novartis AG(a),(b) |
|
42,300 |
|
4,175,030 |
| |
|
|
|
|
|
|
| |
|
INDUSTRIALS—ELECTRICAL COMPONENT & EQUIPMENT 0.5% |
|
|
|
|
| |
|
TE Connectivity Ltd. (USD)(c) |
|
21,364 |
|
1,530,090 |
| |
|
TOTAL SWITZERLAND |
|
|
|
17,087,967 |
| |
|
UNITED KINGDOM 8.6% |
|
|
|
|
| |
|
COMMUNICATIONS—SATELLITES 0.3% |
|
|
|
|
| |
|
Inmarsat PLC(b) |
|
54,021 |
|
739,797 |
| |
|
|
|
|
|
|
| |
|
CONSUMER STAPLES—BEVERAGE 0.7% |
|
|
|
|
| |
|
Diageo PLC(a),(b) |
|
67,000 |
|
1,851,500 |
| |
|
|
|
|
|
|
| |
|
CONSUMER—CYCLICAL—RETAIL 0.9% |
|
|
|
|
| |
|
Next PLC(a),(b) |
|
23,600 |
|
2,454,363 |
| |
|
|
|
|
|
|
| |
|
CONSUMER—NON-CYCLICAL 0.9% |
|
|
|
|
| |
|
HOUSEHOLD PRODUCTS 0.9% |
|
|
|
|
| |
|
Reckitt Benckiser Group PLC(a),(b) |
|
29,000 |
|
2,491,262 |
| |
|
|
|
|
|
|
| |
|
PHARMACEUTICALS 0.0% |
|
|
|
|
| |
|
Indivior PLC(d) |
|
29,000 |
|
81,735 |
| |
|
TOTAL CONSUMER—NON-CYCLICAL |
|
|
|
2,572,997 |
| |
|
ELECTRIC—REGULATED ELECTRIC 0.2% |
|
|
|
|
| |
|
National Grid PLC(a),(b) |
|
42,577 |
|
547,372 |
| |
|
|
|
|
|
|
| |
|
ENERGY—OIL & GAS 1.2% |
|
|
|
|
| |
|
BP PLC(a),(b) |
|
506,900 |
|
3,285,807 |
| |
|
|
|
|
|
|
| |
|
FINANCIAL—BANKS 1.5% |
|
|
|
|
| |
|
Barclays PLC(a),(b) |
|
596,700 |
|
2,153,803 |
| |
|
HSBC Holdings PLC(a),(b) |
|
240,166 |
|
2,046,555 |
| |
|
|
|
Number |
|
Value |
| |
|
|
|
|
|
$ |
4,200,358 |
|
|
HEALTH CARE—PHARMACEUTICALS 1.4% |
|
|
|
|
| |
|
GlaxoSmithKline PLC(a),(b) |
|
170,900 |
|
3,934,107 |
| |
|
|
|
|
|
|
| |
|
REAL ESTATE 0.9% |
|
|
|
|
| |
|
DIVERSIFIED 0.5% |
|
|
|
|
| |
|
Hammerson PLC(b) |
|
67,955 |
|
669,231 |
| |
|
Land Securities Group PLC(b) |
|
42,059 |
|
780,837 |
| |
|
|
|
|
|
1,450,068 |
| |
|
INDUSTRIALS 0.1% |
|
|
|
|
| |
|
Segro PLC(b) |
|
33,611 |
|
207,554 |
| |
|
|
|
|
|
|
| |
|
OFFICE 0.2% |
|
|
|
|
| |
|
Derwent London PLC(b) |
|
8,299 |
|
420,577 |
| |
|
|
|
|
|
|
| |
|
SELF STORAGE 0.1% |
|
|
|
|
| |
|
Big Yellow Group PLC(b) |
|
33,901 |
|
325,700 |
| |
|
TOTAL REAL ESTATE |
|
|
|
2,403,899 |
| |
|
WATER 0.6% |
|
|
|
|
| |
|
Pennon Group PLC(b) |
|
62,875 |
|
767,968 |
| |
|
United Utilities Group PLC(b) |
|
51,629 |
|
713,888 |
| |
|
|
|
|
|
1,481,856 |
| |
|
TOTAL UNITED KINGDOM |
|
|
|
23,472,056 |
| |
|
UNITED STATES 62.4% |
|
|
|
|
| |
|
AUTOMOTIVE 0.2% |
|
|
|
|
| |
|
Ford Motor Co.(a) |
|
38,200 |
|
616,548 |
| |
|
|
|
|
|
|
| |
|
COMMUNICATIONS 2.9% |
|
|
|
|
| |
|
TELECOMMUNICATIONS 1.8% |
|
|
|
|
| |
|
Verizon Communications(c) |
|
103,000 |
|
5,008,890 |
| |
|
|
|
|
|
|
| |
|
TOWERS 1.1% |
|
|
|
|
| |
|
American Tower Corp.(c) |
|
13,584 |
|
1,278,934 |
| |
|
Crown Castle International Corp.(c) |
|
12,466 |
|
1,028,944 |
| |
|
SBA Communications Corp., Class A(c),(d) |
|
4,864 |
|
569,574 |
| |
|
|
|
|
|
2,877,452 |
| |
|
TOTAL COMMUNICATIONS |
|
|
|
7,886,342 |
| |
|
CONSUMER DISCRETIONARY—HOTELS, RESTAURANTS & LEISURE 0.9% |
|
|
|
|
| |
|
Las Vegas Sands Corp.(c) |
|
43,200 |
|
2,377,728 |
| |
|
|
|
Number |
|
Value |
| |
|
CONSUMER—CYCLICAL 6.9% |
|
|
|
|
| |
|
APPAREL 2.5% |
|
|
|
|
| |
|
Hanesbrands(a) |
|
131,200 |
|
$ |
4,396,512 |
|
|
VF Corp.(c) |
|
34,300 |
|
2,583,133 |
| |
|
|
|
|
|
6,979,645 |
| |
|
AUTOMOBILES 0.4% |
|
|
|
|
| |
|
Harley-Davidson |
|
18,700 |
|
1,135,838 |
| |
|
|
|
|
|
|
| |
|
HOME BUILDERS 0.5% |
|
|
|
|
| |
|
D.R. Horton |
|
44,900 |
|
1,278,752 |
| |
|
|
|
|
|
|
| |
|
MEDIA 1.5% |
|
|
|
|
| |
|
The Walt Disney Co.(a) |
|
38,893 |
|
4,079,487 |
| |
|
|
|
|
|
|
| |
|
RESTAURANT 1.1% |
|
|
|
|
| |
|
Starbucks Corp.(a) |
|
31,300 |
|
2,964,110 |
| |
|
|
|
|
|
|
| |
|
RETAIL 0.9% |
|
|
|
|
| |
|
Ross Stores(a) |
|
25,000 |
|
2,634,000 |
| |
|
TOTAL CONSUMER—CYCLICAL |
|
|
|
19,071,832 |
| |
|
CONSUMER—NON-CYCLICAL 6.8% |
|
|
|
|
| |
|
FOOD PRODUCTS 4.2% |
|
|
|
|
| |
|
Kroger Co/The(a),(c) |
|
85,568 |
|
6,559,643 |
| |
|
Tyson Foods, Class A(a) |
|
129,200 |
|
4,948,360 |
| |
|
|
|
|
|
11,508,003 |
| |
|
RETAIL 2.6% |
|
|
|
|
| |
|
CVS Caremark Corp.(a),(c) |
|
51,999 |
|
5,366,817 |
| |
|
Wal-Mart Stores(c) |
|
21,143 |
|
1,739,011 |
| |
|
|
|
|
|
7,105,828 |
| |
|
TOTAL CONSUMER—NON-CYCLICAL |
|
|
|
18,613,831 |
| |
|
DIVERSIFIED 0.2% |
|
|
|
|
| |
|
Macquarie Infrastructure Co LLC |
|
8,063 |
|
663,504 |
| |
|
|
|
|
|
|
| |
|
ELECTRIC—REGULATED ELECTRIC 0.8% |
|
|
|
|
| |
|
CMS Energy Corp.(a) |
|
22,781 |
|
795,285 |
| |
|
Duke Energy Corp.(c) |
|
13,052 |
|
1,002,132 |
| |
|
Edison International |
|
8,136 |
|
508,256 |
| |
|
|
|
|
|
2,305,673 |
| |
|
ENERGY 3.9% |
|
|
|
|
| |
|
ENERGY EQUIPMENT & SERVICES 0.5% |
|
|
|
|
| |
|
Halliburton Co. |
|
29,800 |
|
1,307,624 |
| |
|
|
|
Number |
|
Value |
| |
|
OIL & GAS 3.4% |
|
|
|
|
| |
|
Anadarko Petroleum Corp.(a) |
|
29,337 |
|
$ |
2,429,397 |
|
|
Exxon Mobil Corp.(a),(c) |
|
76,947 |
|
6,540,495 |
| |
|
Marathon Petroleum Corp. |
|
5,300 |
|
542,667 |
| |
|
|
|
|
|
9,512,559 |
| |
|
TOTAL ENERGY |
|
|
|
10,820,183 |
| |
|
FINANCIAL 9.1% |
|
|
|
|
| |
|
BANKS 3.2% |
|
|
|
|
| |
|
Bank of America Corp.(a) |
|
140,300 |
|
2,159,217 |
| |
|
Huntington Bancshares(c) |
|
247,900 |
|
2,739,295 |
| |
|
PNC Financial Services Group |
|
13,700 |
|
1,277,388 |
| |
|
Wells Fargo & Co.(a) |
|
49,087 |
|
2,670,333 |
| |
|
|
|
|
|
8,846,233 |
| |
|
CREDIT CARD 0.5% |
|
|
|
|
| |
|
Discover Financial Services(c) |
|
23,200 |
|
1,307,320 |
| |
|
|
|
|
|
|
| |
|
DIVERSIFIED FINANCIAL SERVICES 3.7% |
|
|
|
|
| |
|
Ameriprise Financial(a) |
|
19,500 |
|
2,551,380 |
| |
|
BlackRock(a) |
|
7,223 |
|
2,642,462 |
| |
|
JPMorgan Chase & Co.(a) |
|
57,394 |
|
3,476,929 |
| |
|
Morgan Stanley(c) |
|
40,700 |
|
1,452,583 |
| |
|
|
|
|
|
10,123,354 |
| |
|
INSURANCE 1.7% |
|
|
|
|
| |
|
Allstate Corp.(c) |
|
34,300 |
|
2,441,131 |
| |
|
American International Group(a) |
|
43,776 |
|
2,398,487 |
| |
|
|
|
|
|
4,839,618 |
| |
|
TOTAL FINANCIAL |
|
|
|
25,116,525 |
| |
|
GAS DISTRIBUTION 0.8% |
|
|
|
|
| |
|
Atmos Energy Corp.(c) |
|
12,184 |
|
673,775 |
| |
|
Sempra Energy(a),(c) |
|
12,928 |
|
1,409,411 |
| |
|
|
|
|
|
2,083,186 |
| |
|
HEALTH CARE 7.7% |
|
|
|
|
| |
|
BIOTECHNOLOGY 1.8% |
|
|
|
|
| |
|
Amgen(a) |
|
10,700 |
|
1,710,395 |
| |
|
Gilead Sciences(d) |
|
31,500 |
|
3,091,095 |
| |
|
|
|
|
|
4,801,490 |
| |
|
|
|
Number |
|
Value |
| |
|
HEALTH CARE EQUIPMENT & SUPPLIES 1.4% |
|
|
|
|
| |
|
Zimmer Holdings(a) |
|
31,600 |
|
$ |
3,713,632 |
|
|
|
|
|
|
|
| |
|
HEALTH CARE PROVIDERS & SERVICES 3.1% |
|
|
|
|
| |
|
Aetna(a),(c) |
|
14,200 |
|
1,512,726 |
| |
|
Cigna Corp.(c) |
|
40,140 |
|
5,195,722 |
| |
|
Universal Health Services, Class B(a) |
|
16,000 |
|
1,883,360 |
| |
|
|
|
|
|
8,591,808 |
| |
|
HEALTHCARE PRODUCTS 0.7% |
|
|
|
|
| |
|
Thermo Fisher Scientific(a) |
|
14,637 |
|
1,966,334 |
| |
|
|
|
|
|
|
| |
|
PHARMACEUTICALS 0.7% |
|
|
|
|
| |
|
Pfizer(a),(c) |
|
58,184 |
|
2,024,221 |
| |
|
TOTAL HEALTH CARE |
|
|
|
21,097,485 |
| |
|
INDUSTRIALS 6.8% |
|
|
|
|
| |
|
AEROSPACE & DEFENSE 1.3% |
|
|
|
|
| |
|
L-3 Communications Holdings |
|
29,213 |
|
3,674,703 |
| |
|
|
|
|
|
3,674,703 |
| |
|
AIRLINES 1.8% |
|
|
|
|
| |
|
United Continental Holdings(c),(d) |
|
71,524 |
|
4,809,989 |
| |
|
|
|
|
|
4,809,989 |
| |
|
AUTO MANUFACTURERS 0.5% |
|
|
|
|
| |
|
PACCAR(c) |
|
23,500 |
|
1,483,790 |
| |
|
|
|
|
|
|
| |
|
COMMERCIAL SERVICES & SUPPLIES 0.7% |
|
|
|
|
| |
|
Equifax(c) |
|
21,000 |
|
1,953,000 |
| |
|
|
|
|
|
1,953,000 |
| |
|
DIVERSIFIED MANUFACTURING 1.4% |
|
|
|
|
| |
|
General Electric Co.(a),(c) |
|
107,730 |
|
2,672,781 |
| |
|
WW Grainger(c) |
|
4,400 |
|
1,037,564 |
| |
|
|
|
|
|
3,710,345 |
| |
|
MACHINERY 0.4% |
|
|
|
|
| |
|
SPX Corp.(c) |
|
12,064 |
|
1,024,234 |
| |
|
|
|
|
|
|
| |
|
ROAD & RAIL 0.7% |
|
|
|
|
| |
|
CSX Corp.(a),(c) |
|
38,400 |
|
1,271,808 |
| |
|
Union Pacific Corp. |
|
6,573 |
|
711,922 |
| |
|
|
|
|
|
1,983,730 |
| |
|
TOTAL INDUSTRIALS |
|
|
|
18,639,791 |
| |
|
|
|
Number |
|
Value |
| |
|
MATERIALS—CHEMICALS 1.6% |
|
|
|
|
| |
|
Ecolab(c) |
|
11,800 |
|
$ |
1,349,684 |
|
|
Monsanto Co.(a) |
|
27,400 |
|
3,083,596 |
| |
|
|
|
|
|
4,433,280 |
| |
|
PIPELINES 1.6% |
|
|
|
|
| |
|
PIPELINES—C-CORP 0.9% |
|
|
|
|
| |
|
Kinder Morgan(c) |
|
30,528 |
|
1,284,008 |
| |
|
Williams Cos. (The) |
|
22,635 |
|
1,145,104 |
| |
|
|
|
|
|
2,429,112 |
| |
|
PIPELINES—MLP 0.7% |
|
|
|
|
| |
|
Dominion Midstream Partners LP |
|
18,353 |
|
761,833 |
| |
|
Energy Transfer Equity LP |
|
9,237 |
|
585,256 |
| |
|
EQT Midstream Partners LP(c) |
|
6,484 |
|
503,548 |
| |
|
|
|
|
|
1,850,637 |
| |
|
TOTAL PIPELINES |
|
|
|
4,279,749 |
| |
|
REAL ESTATE 5.6% |
|
|
|
|
| |
|
DIVERSIFIED 0.4% |
|
|
|
|
| |
|
American Assets Trust |
|
3,272 |
|
141,612 |
| |
|
Gramercy Property Trust |
|
7,421 |
|
208,315 |
| |
|
Vornado Realty Trust |
|
7,147 |
|
800,464 |
| |
|
|
|
|
|
1,150,391 |
| |
|
HEALTH CARE 0.4% |
|
|
|
|
| |
|
Health Care REIT |
|
10,571 |
|
817,773 |
| |
|
Omega Healthcare Investors |
|
7,930 |
|
321,720 |
| |
|
|
|
|
|
1,139,493 |
| |
|
HOTEL 0.4% |
|
|
|
|
| |
|
Extended Stay America |
|
14,439 |
|
281,994 |
| |
|
Host Hotels & Resorts |
|
19,949 |
|
402,571 |
| |
|
La Quinta Holdings(d) |
|
11,008 |
|
260,669 |
| |
|
|
|
|
|
945,234 |
| |
|
OFFICE 0.6% |
|
|
|
|
| |
|
BioMed Realty Trust |
|
6,281 |
|
142,328 |
| |
|
Empire State Realty Trust, Class A |
|
13,458 |
|
253,145 |
| |
|
Equity Commonwealth(d) |
|
10,728 |
|
284,828 |
| |
|
Kilroy Realty Corp. |
|
3,695 |
|
281,448 |
| |
|
|
|
Number |
|
Value |
| |
|
SL Green Realty Corp. |
|
5,959 |
|
$ |
765,016 |
|
|
|
|
|
|
1,726,765 |
| |
|
RESIDENTIAL 1.6% |
|
|
|
|
| |
|
APARTMENT 1.4% |
|
|
|
|
| |
|
American Homes 4 Rent, Class A(c) |
|
19,133 |
|
316,651 |
| |
|
Apartment Investment & Management Co. |
|
11,485 |
|
452,050 |
| |
|
Education Realty Trust |
|
5,944 |
|
210,299 |
| |
|
Equity Residential |
|
16,659 |
|
1,297,070 |
| |
|
Home Properties |
|
3,045 |
|
210,988 |
| |
|
Monogram Residential Trust |
|
77,008 |
|
717,714 |
| |
|
Starwood Waypoint Residential Trust |
|
9,498 |
|
245,523 |
| |
|
UDR |
|
13,392 |
|
455,730 |
| |
|
|
|
|
|
3,906,025 |
| |
|
MANUFACTURED HOME 0.2% |
|
|
|
|
| |
|
Sun Communities |
|
6,154 |
|
410,595 |
| |
|
TOTAL RESIDENTIAL |
|
|
|
4,316,620 |
| |
|
SELF STORAGE 0.9% |
|
|
|
|
| |
|
CubeSmart(c) |
|
42,861 |
|
1,035,093 |
| |
|
Extra Space Storage |
|
8,820 |
|
595,967 |
| |
|
Public Storage |
|
3,835 |
|
756,032 |
| |
|
|
|
|
|
2,387,092 |
| |
|
SHOPPING CENTERS 1.3% |
|
|
|
|
| |
|
COMMUNITY CENTER 0.8% |
|
|
|
|
| |
|
DDR Corp. |
|
37,355 |
|
695,550 |
| |
|
Regency Centers Corp. |
|
6,756 |
|
459,678 |
| |
|
Retail Properties of America, Class A |
|
71,791 |
|
1,150,810 |
| |
|
|
|
|
|
2,306,038 |
| |
|
FREE STANDING 0.1% |
|
|
|
|
| |
|
Spirit Realty Capital |
|
23,178 |
|
279,990 |
| |
|
|
|
|
|
|
| |
|
REGIONAL MALL 0.4% |
|
|
|
|
| |
|
Macerich Co. (The) |
|
3,452 |
|
291,107 |
| |
|
Simon Property Group |
|
3,881 |
|
759,279 |
| |
|
|
|
|
|
1,050,386 |
| |
|
TOTAL SHOPPING CENTERS |
|
|
|
3,636,414 |
| |
|
TOTAL REAL ESTATE |
|
|
|
15,302,009 |
| |
|
|
|
Number |
|
Value |
| |
|
SHIPPING 0.2% |
|
|
|
|
| |
|
Teekay Corp. (Marshall Islands) |
|
10,540 |
|
$ |
490,848 |
|
|
|
|
|
|
|
| |
|
TECHNOLOGY 6.4% |
|
|
|
|
| |
|
COMPUTERS 1.2% |
|
|
|
|
| |
|
Apple(a),(c) |
|
19,300 |
|
2,401,499 |
| |
|
Hewlett-Packard Co.(a),(c) |
|
25,400 |
|
791,464 |
| |
|
|
|
|
|
3,192,963 |
| |
|
INTERNET SERVICE PROVIDER 0.9% |
|
|
|
|
| |
|
Google, Class A(a),(d) |
|
4,600 |
|
2,551,620 |
| |
|
|
|
|
|
|
| |
|
SEMICONDUCTORS 1.6% |
|
|
|
|
| |
|
SanDisk Corp.(a),(c) |
|
25,153 |
|
1,600,234 |
| |
|
Xilinx(a) |
|
62,500 |
|
2,643,750 |
| |
|
|
|
|
|
4,243,984 |
| |
|
SERVICES 0.9% |
|
|
|
|
| |
|
Visa, Class A(c) |
|
38,892 |
|
2,543,926 |
| |
|
|
|
|
|
|
| |
|
SOFTWARE 1.8% |
|
|
|
|
| |
|
Microsoft Corp.(a),(c) |
|
122,846 |
|
4,994,304 |
| |
|
TOTAL TECHNOLOGY |
|
|
|
17,526,797 |
| |
|
TOTAL UNITED STATES |
|
|
|
171,325,311 |
| |
|
TOTAL COMMON STOCK (Identified cost—$263,020,636) |
|
|
|
313,378,634 |
| |
|
CLOSED-END FUNDS—UNITED STATES 5.5% |
|
|
|
|
| |
|
|
|
|
|
|
| |
|
COVERED CALL 1.1% |
|
|
|
|
| |
|
Eaton Vance Tax-Managed Buy-Write Opportunities Fund |
|
54,731 |
|
820,417 |
| |
|
Eaton Vance Tax-Managed Diversified Equity Income Fund |
|
75,502 |
|
856,948 |
| |
|
Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund(a) |
|
33,370 |
|
396,102 |
| |
|
Eaton Vance Tax-Managed Global Diversified Equity Income Fund(a) |
|
92,447 |
|
896,736 |
| |
|
|
|
|
|
2,970,203 |
| |
|
ENERGY/RESOURCES 0.1% |
|
|
|
|
| |
|
Energy Select Sector SPDR Fund ETF |
|
3,409 |
|
264,470 |
| |
|
|
|
|
|
|
| |
|
EQUITY TAX—ADVANTAGED 0.9% |
|
|
|
|
| |
|
Eaton Vance Tax-Advantaged Dividend Income Fund(c) |
|
51,142 |
|
1,054,037 |
| |
|
Eaton Vance Tax-Advantaged Global Dividend Income Fund |
|
20,956 |
|
355,414 |
| |
|
|
|
Number |
|
Value |
| |
|
Financial Select Sector SPDR Fund |
|
9,592 |
|
$ |
231,263 |
|
|
John Hancock Tax-Advantaged Dividend Income Fund |
|
32,316 |
|
690,593 |
| |
|
|
|
|
|
2,331,307 |
| |
|
FINANCIAL 0.3% |
|
|
|
|
| |
|
Gabelli Dividend & Income Trust(a) |
|
44,192 |
|
936,428 |
| |
|
|
|
|
|
|
| |
|
GLOBAL HYBRID (GROWTH & INCOME) 0.1% |
|
|
|
|
| |
|
Clough Global Opportunities Fund |
|
22,196 |
|
276,562 |
| |
|
|
|
|
|
|
| |
|
INVESTMENT GRADE 0.1% |
|
|
|
|
| |
|
PIMCO Corporate and Income Opportunity Fund |
|
16,590 |
|
261,624 |
| |
|
|
|
|
|
|
| |
|
MASTER LIMITED PARTNERSHIPS 0.9% |
|
|
|
|
| |
|
First Trust Energy Income and Growth Fund |
|
22,945 |
|
786,555 |
| |
|
Kayne Anderson Energy Total Return Fund |
|
13,213 |
|
326,361 |
| |
|
Kayne Anderson Midstream/Energy Fund(c) |
|
5,910 |
|
193,907 |
| |
|
Kayne Anderson MLP Investment Company(c) |
|
22,334 |
|
792,857 |
| |
|
Nuveen Energy MLP Total Return Fund |
|
14,920 |
|
273,334 |
| |
|
|
|
|
|
2,373,014 |
| |
|
MULTI-SECTOR 0.9% |
|
|
|
|
| |
|
AllianzGI Convertible & Income Fund |
|
43,489 |
|
397,490 |
| |
|
PIMCO Dynamic Credit Income Fund |
|
26,255 |
|
536,127 |
| |
|
PIMCO Dynamic Income Fund |
|
18,930 |
|
548,970 |
| |
|
PIMCO Income Opportunity Fund(a) |
|
20,122 |
|
514,117 |
| |
|
PIMCO Income Strategy Fund II |
|
47,251 |
|
474,400 |
| |
|
|
|
|
|
2,471,104 |
| |
|
PREFERRED 0.3% |
|
|
|
|
| |
|
Nuveen Preferred & Income Term Fund |
|
10,514 |
|
246,343 |
| |
|
Nuveen Preferred Income Opportunities Fund |
|
68,274 |
|
650,651 |
| |
|
|
|
|
|
896,994 |
| |
|
REAL ESTATE 0.3% |
|
|
|
|
| |
|
Alpine Global Premier Properties Fund |
|
33,268 |
|
227,553 |
| |
|
CBRE Clarion Global Real Estate Income Fund |
|
30,020 |
|
268,679 |
| |
|
Nuveen Real Estate Income Fund |
|
33,283 |
|
396,734 |
| |
|
|
|
|
|
892,966 |
| |
|
U.S. GENERAL EQUITY 0.5% |
|
|
|
|
| |
|
Consumer Discretionary Select Sector SPDR Fund |
|
7,096 |
|
533,123 |
| |
|
SPDR S&P 500 ETF Trust(c) |
|
4,124 |
|
851,317 |
| |
|
|
|
|
|
1,384,440 |
| |
|
|
|
Number |
|
Value |
| |
|
TOTAL CLOSED-END FUNDS (Identified cost—$14,510,581) |
|
|
|
$ |
15,059,112 |
|
|
|
|
|
|
|
| |
|
PREFERRED SECURITIES—$25 PAR VALUE 1.9% |
|
|
|
|
| |
|
UNITED KINGDOM 0.5% |
|
|
|
|
| |
|
BANKS—FOREIGN |
|
|
|
|
| |
|
Barclays Bank PLC, 7.10%, Series III (USD) |
|
20,000 |
|
516,800 |
| |
|
RBS Capital Funding Trust VII, 6.08%, Series G (USD) |
|
40,000 |
|
990,800 |
| |
|
|
|
|
|
1,507,600 |
| |
|
UNITED STATES 1.4% |
|
|
|
|
| |
|
BANKS 0.3% |
|
|
|
|
| |
|
Regions Financial Corp., 6.375%, Series B |
|
33,812 |
|
876,407 |
| |
|
|
|
|
|
|
| |
|
INDUSTRIALS—CHEMICALS 0.4% |
|
|
|
|
| |
|
CHS, 7.10%, Series II |
|
36,359 |
|
982,057 |
| |
|
|
|
|
|
|
| |
|
REAL ESTATE—DIVERSIFIED 0.7% |
|
|
|
|
| |
|
American Realty Capital Properties, 6.70%, Series F |
|
45,000 |
|
1,062,000 |
| |
|
Colony Financial, 8.50%, Series A(a) |
|
28,000 |
|
744,800 |
| |
|
|
|
|
|
1,806,800 |
| |
|
TOTAL UNITED STATES |
|
|
|
3,665,264 |
| |
|
TOTAL PREFERRED SECURITIES—$25 PAR VALUE (Identified cost—$4,917,747) |
|
|
|
5,172,864 |
| |
|
|
|
|
|
|
| |
|
PREFERRED SECURITIES—CAPITAL SECURITIES 2.5% |
|
|
|
|
| |
|
AUSTRALIA 0.3% |
|
|
|
|
| |
|
INSURANCE-FOREIGN |
|
|
|
|
| |
|
QBE Insurance Group Ltd., 6.75%, due 12/2/44 (USD) |
|
755,000 |
|
817,288 |
| |
|
|
|
|
|
|
| |
|
SWITZERLAND 1.0% |
|
|
|
|
| |
|
DIVERSIFIED FINANCIAL SERVICES 0.7% |
|
|
|
|
| |
|
UBS Group AG, 7.00% (USD) |
|
900,000 |
|
936,540 |
| |
|
UBS Group AG, 7.125% (USD) |
|
900,000 |
|
945,225 |
| |
|
|
|
|
|
1,881,765 |
| |
|
INSURANCE—REINSURANCE—FOREIGN 0.3% |
|
|
|
|
| |
|
Aquarius + Investments PLC, 8.25% (USD) |
|
910,000 |
|
1,020,337 |
| |
|
TOTAL SWITZERLAND |
|
|
|
2,902,102 |
| |
|
|
|
|
|
|
| |
|
UNITED KINGDOM 0.4% |
|
|
|
|
| |
|
BANKS—FOREIGN |
|
|
|
|
| |
|
HSBC Holdings PLC, 6.375% (USD) |
|
1,100,000 |
|
1,127,500 |
| |
|
|
|
Number |
|
Value |
| ||
|
UNITED STATES 0.8% |
|
|
|
|
| ||
|
BANKS |
|
|
|
|
| ||
|
Bank of America Corp., 6.50%, Series Z |
|
1,037,000 |
|
$ |
1,099,220 |
| |
|
JPMorgan Chase & Co., 6.10%, Series X |
|
450,000 |
|
464,625 |
| ||
|
Wells Fargo & Co., 5.875%, Series U |
|
600,000 |
|
636,120 |
| ||
|
|
|
|
|
2,199,965 |
| ||
|
TOTAL PREFERRED SECURITIES—CAPITAL SECURITIES (Identified cost—$6,676,500) |
|
|
|
7,046,855 |
| ||
|
|
|
|
|
|
| ||
|
|
|
Principal |
|
|
| ||
|
CORPORATE BONDS—UNITED STATES 0.7% |
|
|
|
|
| ||
|
INSURANCE-PROPERTY CASUALTY—FINANCE |
|
|
|
|
| ||
|
Liberty Mutual Insurance, 7.697%, due 10/15/97, 144A(f) |
|
$ |
1,500,000 |
|
1,964,143 |
| |
|
TOTAL CORPORATE BONDS (Identified cost—$1,342,547) |
|
|
|
1,964,143 |
| ||
|
|
|
|
|
|
| ||
|
|
|
Number |
|
|
| ||
|
RIGHTS—SPAIN 0.0% |
|
|
|
|
| ||
|
TELECOMMUNICATION SERVICES |
|
|
|
|
| ||
|
Telefonica SA, expires 4/16/15(d) |
|
83,500 |
|
13,468 |
| ||
|
TOTAL RIGHTS (Identified cost—$0) |
|
|
|
13,468 |
| ||
|
Number of Shares |
|
|
|
|
| ||
|
SHORT-TERM INVESTMENTS 0.3% |
|
|
|
|
| ||
|
MONEY MARKET FUNDS |
|
|
|
|
| ||
|
State Street Institutional Treasury Money Market Fund, 0.00%(g) |
|
700,000 |
|
700,000 |
| ||
|
TOTAL SHORT-TERM INVESTMENTS (Identified cost—$700,000) |
|
|
|
700,000 |
| ||
|
TOTAL INVESTMENTS (Identified cost—$291,168,011) |
|
125.0 |
% |
|
|
$ |
343,335,076 |
|
|
|
|
|
|
|
|
|
| |
|
WRITTEN OPTION CONTRACTS |
|
(0.2 |
) |
|
|
(453,600 |
) | |
|
|
|
|
|
|
|
|
| |
|
LIABILITIES IN EXCESS OF OTHER ASSETS |
|
(24.8 |
) |
|
|
(68,229,195 |
) | |
|
NET ASSETS (Equivalent to $11.87 per share based on 23,142,068 shares of common stock outstanding) |
|
100.0 |
% |
|
|
$ |
274,652,281 |
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
Number |
|
|
| |
|
|
|
|
|
|
|
|
| |
|
WRITTEN OPTION CONTRACTS —UNITED STATES (0.2)% |
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
|
S&P 500 Index, Call, USD Strike Price 2,110, expires 4/17/15 |
|
|
|
810 |
|
$ |
(453,600 |
) |
|
TOTAL WRITTEN OPTION CONTRACTS (Premiums received—$2,023,927) |
|
|
|
|
|
$ |
(453,600 |
) |
Forward foreign currency exchange contracts outstanding at March 31, 2015 were as follows:
|
Counterparty |
|
Contracts to |
|
In Exchange |
|
Settlement |
|
Unrealized |
| |||
|
Brown Brothers Harriman |
|
EUR |
6,400,000 |
|
USD |
6,989,632 |
|
5/5/15 |
|
$ |
105,057 |
|
|
|
|
|
|
|
|
|
|
$ |
105,057 |
| ||
Glossary of Portfolio Abbreviations
|
|
ADR |
|
American Depositary Receipt |
|
|
ETF |
|
Exchange-Traded Fund |
|
|
EUR |
|
Euro Currency |
|
|
GBP |
|
Great British Pound |
|
|
GDR |
|
Global Depositary Receipt |
|
|
HKD |
|
Hong Kong Dollar |
|
|
MLP |
|
Master Limited Partnership |
|
|
REIT |
|
Real Estate Investment Trust |
|
|
SPDR |
|
Standard & Poor’s Depositary Receipt |
|
|
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. $143,509,024 in aggregate has been pledged as collateral.
(b) Fair valued security. This security has been valued at its fair value as determined in good faith under procedures established by and under the general supervision of the Fund’s Board of Directors. Aggregate fair valued securities represent 41.7% of the net assets of the Fund, all of which have been fair valued pursuant to foreign equity fair value pricing procedures approved by the Board of Directors.
(c) All or a portion of the security is pledged in connection with written option contracts. $36,653,345 in aggregate has been pledged as collateral.
(d) Non-income producing security.
(e) A portion of the security is segregated as collateral for open forward foreign currency exchange contracts. $96,404 in aggregate has been segregated as collateral.
(f) Resale is restricted to qualified institutional investors. Aggregate holdings equal 1.2% of the net assets of the Fund, of which 0.0% are illiquid.
(g) Rate quoted represents the annualized seven-day yield of the Fund.
|
Sector Summary |
|
% of |
|
|
|
|
|
|
|
Financial (Common) |
|
15.3 |
|
|
Health Care (Common) |
|
11.2 |
|
|
Industrials (Common) |
|
9.2 |
|
|
Real Estate (Common) |
|
9.1 |
|
|
Technology (Common) |
|
7.6 |
|
|
Consumer—Non-Cyclical (Common) |
|
7.5 |
|
|
Consumer—Cyclical (Common) |
|
6.7 |
|
|
Energy (Common) |
|
4.8 |
|
|
Closed-End Funds |
|
4.4 |
|
|
Materials (Common) |
|
2.8 |
|
|
Communications (Common) |
|
2.7 |
|
|
Consumer Staples (Common) |
|
2.2 |
|
|
Consumer Discretionary (Common) |
|
1.9 |
|
|
Pipelines (Common) |
|
1.4 |
|
|
Automotive (Common) |
|
1.3 |
|
|
Telecommunications Services (Common) |
|
1.3 |
|
|
Electric (Common) |
|
1.2 |
|
|
Gas Distributions (Common) |
|
1.1 |
|
|
Banks (Preferred) |
|
0.9 |
|
|
Pipelines—C-Corp (Common) |
|
0.9 |
|
|
Railways (Common) |
|
0.9 |
|
|
Banks—Foreign (Preferred) |
|
0.8 |
|
|
Insurance-Property Casualty (Corporate Bonds) |
|
0.6 |
|
|
Diversified Financial Services (Preferred) |
|
0.5 |
|
|
Other |
|
0.5 |
|
|
Real Estate—Diversified (Preferred) |
|
0.5 |
|
|
Airports (Common) |
|
0.4 |
|
|
Water (Common) |
|
0.4 |
|
|
Diversified (Common) |
|
0.3 |
|
|
Insurance (Preferred) |
|
0.3 |
|
|
Hotel (Common) |
|
0.3 |
|
|
Industrials (Preferred) |
|
0.3 |
|
|
Toll Roads (Common) |
|
0.2 |
|
|
Insurance-Foreign (Preferred) |
|
0.2 |
|
|
Marine Ports (Common) |
|
0.2 |
|
|
Shipping (Common) |
|
0.1 |
|
|
Telecommunication Services (Rights) |
|
0.0 |
|
|
|
|
100.0 |
|
Cohen & Steers Global Income Builder, 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. 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 at the average of the quoted bid and ask prices as of the close of business. Over-the-counter options are valued based upon prices provided by the respective 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 over-the-counter market, including listed securities whose primary market is believed by Cohen & Steers Capital Management, Inc. (the investment manager) to be over-the-counter, are valued at the last sale price on the valuation date as reported by sources deemed appropriate by the Board of Directors to reflect their fair market value. 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. However, certain fixed-income securities may be valued on the basis of prices provided by a third-party pricing service or third-party broker-dealer when such prices are believed by the investment manager, pursuant to delegation by the Board of Directors, to reflect the fair market 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 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 their closing net asset value.
Cohen & Steers Global Income Builder, Inc.
NOTES TO SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
The policies and procedures approved by the Fund’s Board of Directors delegate authority to make fair value determinations to the investment manager, 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.
The Fund’s use of fair value pricing may cause the net asset value of Fund shares to differ from the net asset value 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 securities are not necessarily an indication of the risk associated with investing in those securities.
Cohen & Steers Global Income Builder, Inc.
NOTES TO SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
For movements between the levels within the fair value hierarchy, the Fund has adopted a policy of recognizing the transfer at the end of the period in which the underlying event causing the movement occurred. Changes in valuation techniques may result in transfers into or out of an assigned level within the disclosure hierarchy. As of March 31, 2015, there were $91,244 of securities transferred between Level 1 and Level 2, which resulted from the Fund utilizing foreign equity fair value pricing procedures as of March 31, 2015.
The following is a summary of the inputs used as of March 31, 2015 in valuing the Fund’s investments carried at value:
|
|
|
|
|
Quoted Prices In |
|
Other Significant |
|
Significant |
| ||||
|
|
|
Total |
|
(Level 1) |
|
(Level 2) |
|
(Level 3) |
| ||||
|
Common Stock: |
|
|
|
|
|
|
|
|
| ||||
|
Bermuda |
|
$ |
296,267 |
|
$ |
296,267 |
|
$ |
— |
|
$ |
— |
|
|
Brazil |
|
245,502 |
|
245,502 |
|
— |
|
— |
| ||||
|
Canada |
|
6,932,701 |
|
6,932,701 |
|
— |
|
— |
| ||||
|
Hong Kong |
|
8,535,264 |
|
561,705 |
|
7,973,559 |
|
— |
| ||||
|
Ireland |
|
7,873,335 |
|
7,873,335 |
|
— |
|
— |
| ||||
|
Italy |
|
891,371 |
|
752,030 |
|
139,341 |
|
— |
| ||||
|
Mexico |
|
2,177,284 |
|
2,177,284 |
|
— |
|
— |
| ||||
|
Netherlands |
|
2,496,299 |
|
1,422,360 |
|
1,073,939 |
|
— |
| ||||
|
Singapore |
|
2,585,795 |
|
1,508,395 |
|
1,077,400 |
|
— |
| ||||
|
South Korea |
|
1,288,000 |
|
1,288,000 |
|
— |
|
— |
| ||||
|
Spain |
|
4,453,895 |
|
384,692 |
|
4,069,203 |
|
— |
| ||||
|
Switzerland |
|
17,087,967 |
|
3,893,678 |
|
13,194,289 |
|
— |
| ||||
|
United Kingdom |
|
23,472,056 |
|
81,735 |
|
23,390,321 |
|
— |
| ||||
|
United States |
|
171,325,311 |
|
171,325,311 |
|
— |
|
— |
| ||||
|
Other Countries |
|
63,717,587 |
|
— |
|
63,717,587 |
|
— |
| ||||
|
Closed-End Funds |
|
15,059,112 |
|
15,059,112 |
|
— |
|
— |
| ||||
|
Preferred Securities - $25 Par Value |
|
5,172,864 |
|
5,172,864 |
|
— |
|
— |
| ||||
|
Preferred Securities - Capital Securities |
|
7,046,855 |
|
— |
|
7,046,855 |
|
— |
| ||||
|
Corporate Bonds |
|
1,964,143 |
|
— |
|
1,964,143 |
|
— |
| ||||
|
Rights |
|
13,468 |
|
13,468 |
|
— |
|
— |
| ||||
|
Short-Term Investments |
|
700,000 |
|
— |
|
700,000 |
|
— |
| ||||
|
Total Investments(a) |
|
$ |
343,335,076 |
|
$ |
218,988,439 |
|
$ |
124,346,637 |
|
$ |
— |
|
|
Forward foreign currency exchange contracts |
|
$ |
105,057 |
|
$ |
— |
|
$ |
105,057 |
|
$ |
— |
|
|
Total Appreciation in Other Financial Instruments(a) |
|
$ |
105,057 |
|
$ |
— |
|
$ |
105,057 |
|
$ |
— |
|
|
Written Option Contracts |
|
$ |
(453,600 |
) |
$ |
(453,600 |
) |
$ |
— |
|
$ |
— |
|
|
Total Depreciation in Other Financial Instruments(a) |
|
$ |
(453,600 |
) |
$ |
(453,600 |
) |
$ |
— |
|
$ |
— |
|
(a) Portfolio holdings are disclosed individually on the Schedule of Investments.
Cohen & Steers Global Income Builder, Inc.
NOTES TO SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
Note 2. Derivative Instruments
The following is a summary of the Fund’s derivative instruments as of March 31, 2015:
Forward foreign currency exchange contracts $ 105,057
The following summarizes the volume of the Fund’s forward foreign currency exchange contracts activity during the three months ended March 31, 2015:
|
|
|
Forward foreign |
| |
|
Average Notional Balance |
|
$ |
2,329,877 |
|
|
Ending Notional Balance |
|
$ |
6,989,632 |
|
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 foreign forward 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 foreign currency translations. 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 foreign currency transactions. For federal income tax purposes, the Fund has made an election to treat gains and losses from forward foreign currency exchange contracts as capital gains and losses.
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.
Cohen & Steers Global Income Builder, Inc.
NOTES TO SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
Options: The Fund may purchase and write exchange-listed and over-the-counter put or call options on securities, stock indices and other financial instruments to enhance portfolio returns and 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 index or security. Other risks include the possibility of an illiquid options market or the inability of the counterparties to fulfill their obligations under the contracts.
Transactions in written option contracts during the three months ended March 31, 2015, were as follows:
|
|
|
Number |
|
|
| |
|
|
|
of Contracts |
|
Premiums |
| |
|
Written option contracts outstanding at December 31, 2014 |
|
920 |
|
$ |
2,529,623 |
|
|
Option contracts written |
|
3,037 |
|
9,584,801 |
| |
|
Option contracts expired |
|
(1,120 |
) |
(2,583,015 |
) | |
|
Option contracts terminated in closing transactions |
|
(300 |
) |
(1,171,711 |
) | |
|
Option contracts exercised |
|
(1,727 |
) |
(6,335,771 |
) | |
|
Written option contracts outstanding at March 31, 2015 |
|
810 |
|
$ |
2,023,927 |
|
Note 3. Income Tax Information
As of March 31, 2015, the federal tax cost and net unrealized appreciation and depreciation in value of securities held were as follows:
|
Cost for federal income tax purposes |
|
$ |
291,168,011 |
|
|
Gross unrealized appreciation |
|
$ |
60,372,145 |
|
|
Gross unrealized depreciation |
|
(8,205,080 |
) | |
|
Net unrealized appreciation |
|
$ |
52,167,065 |
|
Item 2. Controls and Procedures
(a) The registrant’s principal executive officer and principal financial officer have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) are effective based on their evaluation of these disclosure controls and procedures required by Rule 30a-3(b) under the Investment Company Act of 1940 and Rule 13a-15(b) or 15d-15(b) under the Securities Exchange Act as of a date within 90 days of the filing of this report.
(b) During the last fiscal quarter, there were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.
Item 3. Exhibits
(a) Certifications of principal executive officer and principal financial officer as required by Rule 30a-2(a) under the Investment Company Act of 1940.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
|
COHEN & STEERS GLOBAL INCOME BUILDER, INC. |
| |
|
|
| |
|
|
| |
|
By: |
/s/ Adam M. Derechin |
|
|
|
Name: Adam M. Derechin |
|
|
|
Title: President |
|
|
|
| |
|
Date: May 27, 2015 |
| |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
|
By: |
/s/ Adam M. Derechin |
|
By: |
/s/ James Giallanza |
|
|
Name: Adam M. Derechin |
|
|
Name: James Giallanza |
|
|
Title: President and Principal |
|
|
Title: Treasurer and Principal |
|
|
Executive Officer |
|
|
Financial Officer |
|
|
| |||
|
Date: May 27, 2015 |
| |||