UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number      811-21465                    

ING Clarion Global Real Estate Income Fund

(Exact name of registrant as specified in charter)

201 King of Prussia Road, Radnor, PA 19087
(Address of principal executive offices)		(Zip code)

T. Ritson Ferguson, President and Chief Executive Officer

ING Clarion Global Real Estate Income Fund

201 King of Prussia Road

Radnor, PA 19087

(Name and address of agent for service)

Registrant’s telephone number, including area code: 1-888-711-4272

Date of fiscal year end: December 31

Date of reporting period: March 31, 2010

     Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.

     A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

 

 

Item 1. Schedule of Investments.

Attached hereto.

ING Clarion Global Real Estate Income Fund
Portfolio of Investments / March 31, 2010 (unaudited)

				Market
Shares				Value ($)
		Common Stock - 76.3%
		Real Estate Investment Trusts (“REIT”) - 76.3%
		Australia - 8.9%
13,884,178		Charter Hall Retail Real Estate Investment Trust		$	7,136,410
38,529,000		Dexus Property Group			28,644,703
7,053,616		Goodman Group			4,240,574
3,632,427		Westfield Group			40,208,306
					80,229,993
		Brazil - 1.0%
469,000		Aliansce Shopping Centers SA			2,706,729
788,700		PDG Realty SA Empreendimentos e Participacoes			6,575,814
					9,282,543
		Canada - 9.5%
200,100		Calloway Real Estate Investment Trust			4,183,255
500,000		Crombie Real Estate Investment Trust (a)			5,913,952
884,800		H&R Real Estate Investment Trust			14,503,202
2,082,900		InnVest Real Estate Investment Trust			12,194,989
440,000		InnVest Real Estate Investment Trust (a)			2,576,117
700,000		Primaris Retail Real Estate Investment Trust (a)			11,591,346
1,878,800		RioCan Real Estate Investment Trust			34,222,290
					85,185,151
		Finland - 0.5%
1,082,167		Citycon Oyj			4,319,625
		France - 4.4%
65,700		Altarea			10,135,333
351,122		Societe de la Tour Eiffel			29,461,135
					39,596,468
		Hong Kong - 1.9%
7,103,000		Link REIT (The)			17,508,908
		Japan - 1.6%
400		Frontier Real Estate Investment Corp.			3,107,877
9,552		Japan Retail Fund Investment Corp.			11,244,863
					14,352,740
		Netherlands - 4.9%
116,780		Corio NV			7,811,469
357,401		Eurocommercial Properties NV			14,387,073
277,161		VastNed Retail NV			18,545,055
34,400		Wereldhave NV			3,302,948
					44,046,545
		New Zealand - 0.7%
9,050,000		Goodman Property Trust			6,421,427
		Singapore - 2.1%
15,200,000		CapitaMall Trust			19,243,947
		United Kingdom - 3.5%
598,413		British Land Co. Plc			4,367,104
718,900		Land Securities Group Plc			7,393,589
4,045,110		Segro Plc			19,610,751
					31,371,444
		United States - 37.3%
15,000		Alexandria Real Estate Equities, Inc.			1,014,000
615,000		Annaly Capital Management, Inc.			10,565,700
589,000		BioMed Realty Trust, Inc.			9,742,060
462,553		Brandywine Realty Trust			5,647,772
100,000		BRE Properties, Inc.			3,575,000
826,200		Camden Property Trust			34,394,706
95,832		CBL & Associates Properties, Inc.			1,312,898
50,000		Cedar Shopping Centers, Inc.			395,500
2,628,400		Chimera Investment Corp.			10,224,476
20,000		Entertainment Properties Trust			822,600
1,472,700		Extra Space Storage, Inc.			18,673,836
819,900		Kimco Realty Corp.			12,823,236
263,300		Kite Realty Group Trust			1,245,409
1,433,200		Liberty Property Trust			48,642,808
1,392,185		Macerich Co. (The)			53,334,607
145,000		Mack-Cali Realty Corp.			5,111,250
117,900		National Retail Properties, Inc.			2,691,657
1,847,070		OMEGA Healthcare Investors, Inc.			35,999,394
1,601,100		ProLogis			21,134,520
159,500		Senior Housing Properties Trust			3,532,925
194,219		Simon Property Group, Inc.			16,294,974
56,500		SL Green Realty Corp.			3,235,755
1,211,534		UDR, Inc.			21,371,460

See previously submitted notes to financial statements for the annual period ended December 31, 2009.

				Market
Shares				Value ($)
712,120		Verde Realty (b)(c)			11,749,980
85,000		Weingarten Realty Investors			1,832,600
					335,369,123
		Total Common Stock
		(cost $716,273,355)			686,927,914
		Preferred Stock - 26.0%
		Real Estate Investment Trusts (“REIT”) - 26.0%
		United States - 26.0%
450,000		Alexandria Real Estate Equities, Inc., Series C			11,322,000
80,500		Apartment Investment & Management Co., Series U			1,888,530
480,000		Apartment Investment & Management Co., Series V			11,476,800
150,000		Apartment Investment & Management Co., Series Y			3,568,500
174,000		Associated Estates Realty Corp., Series B2			4,219,500
480,000		BioMed Realty Trust, Inc., Series A			11,688,000
51,000		CBL & Associates Properties, Inc., Series C			1,135,260
100,000		CBL & Associates Properties, Inc., Series D			2,133,000
272,700		Cedar Shopping Centers, Inc., Series A			6,651,153
171,300		Corporate Office Properties Trust SBI MD, Series J			4,111,200
125,000		Digital Realty Trust, Inc., Series B			3,098,750
200,800		Duke Realty Corp., Series M			4,550,128
121,700		Eagle Hospitality Properties Trust, Series A (c)			56,286
400,000		Entertainment Properties Trust, Series D			8,860,000
20,000		Glimcher Realty Trust, Series F			450,000
515,700		Glimcher Realty Trust, Series G			11,082,393
520,000		Health Care REIT, Inc., Series F			12,844,000
330,600		Host Hotels & Resorts, Inc., Series E			8,334,426
150,000		iStar Financial, Inc., Series F			2,173,500
765,000		iStar Financial, Inc., Series I			10,755,900
170,000		LaSalle Hotel Properties, Series B			4,178,600
200,000		LaSalle Hotel Properties, Series D			4,562,000
600,000		LaSalle Hotel Properties, Series E			14,262,000
520,000		LaSalle Hotel Properties, Series G			11,330,800
300,000		LTC Properties, Inc., Series F			7,512,000
200,000		Mid-America Apartment Communities, Inc., Series H			5,140,000
169,900		National Retail Properties, Inc., Series C			4,026,630
120,000		OMEGA Healthcare Investors, Inc., Series D			3,109,200
320,000		PS Business Parks, Inc., Series O			7,692,800
129,000		Public Storage, Series I			3,274,020
400,000		Public Storage, Series K			10,080,000
260,000		Public Storage, Series M			6,336,200
442,500		SL Green Realty Corp., Series C			10,628,850
200,000		SL Green Realty Corp., Series D			4,856,000
120,000		Strategic Hotels & Resorts, Inc., Series B (c)			2,172,000
90,900		Strategic Hotels & Resorts, Inc., Series C (c)			1,640,745
142,600		Taubman Centers, Inc., Series G			3,569,278
373,500		Taubman Centers, Inc., Series H			9,244,125
		Total Preferred Stock
		(cost $254,146,792)			234,014,574
		Investment Companies — 1.0%
		United Kingdom - 1.0%
1,257,578		ProLogis European Properties (c)
		(cost $13,124,260)			8,870,587
		Total Investments - 103.3%
		(cost $983,544,407)			929,813,075
		Liabilities in Excess of Other Assets - (3.3)%			(29,753,374	)
		Net Assets - 100%		$	900,059,701

See previously submitted notes to financial statements for the annual period ended December 31, 2009.

U.S. generally accepted accounting principles establishes a single definition of fair value, creates a three-tier hierarchy as a framework for measuring fair value based on inputs used to value the Trust’s investments, and requires additional disclosure about fair value. The hierarchy of inputs is summarized below:

Level 1 — unadjusted quoted prices in active markets for identical investments

Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds,
                   credit risk, etc.)

Level 3 — significant unobservable inputs (including the Trust’s own assumptions in determining the fair value of investments)

For Level 1 inputs, the Fund uses unadjusted quoted prices in active markets for assets or liabilities with sufficient frequency and volume to provide pricing information as the most reliable evidence of fair value. The Fund’s Level 2 valuation techniques include inputs other than quoted prices within Level 1 that are observable for an asset or liability, either directly or indirectly. Level 2 observable inputs may include quoted prices for similar assets and liabilities in active markets or quoted prices for identical or similar assets or liabilities in markets that are not active in which there are few transactions, the prices are not current, or price quotations vary substantially over time or among market participants. Inputs that are observable for the asset or liability in Level 2 include such factors as interest rates, yield curves, prepayment speeds, credit risk, and default rates for similar liabilities. For Level 3 valuation techniques, the Fund uses unobservable inputs that reflect assumptions market participants would be expected to use in pricing the asset or liability. Unobservable inputs are used to measure fair value to the extent that observable inputs are not available and are developed based on the best information available under the circumstances. In developing unobservable inputs, market participant assumptions are used if they are reasonably available without undue cost and effort.

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The following is a summary of the inputs used as of March 31, 2010 in valuing the Trust’s investments carried at fair value:

		Level 1				Level 2				Level 3
Investments in Securities
Common Stocks		$	684,048,521			$	—			$	11,749,980
Preferred Stocks			—				234,014,574				—
Total		$	684,048,521			$	234,014,574			$	11,749,980

The following is a reconciliation of assets in which significant unobservable inputs (Level 3) were used in determining fair value:

		Common Stocks
Balance as of December 31, 2009		$	11,749,980
Realized gain (loss)			—
Change in unrealized appreciation (depreciation)			—
Net purchases (sales)			—
Transfers in and/or out of Level 3			—
Balance as of March 31, 2010		$	11,749,980

See previously submitted notes to financial statements for the annual period ended December 31, 2009.

Item 2. Controls and Procedures.

	(a)		The Trust’s principal executive officer and principal financial officer have evaluated the Trust’s disclosure controls and procedures within 90 days of this filing and have concluded that the Trust’s disclosure controls and procedures were effective, as of that date, in ensuring that information required to be disclosed by the Trust in this Form N-Q was recorded, processed, summarized, and reported timely.
	(b)		The Trust’s principal executive officer and principal financial officer are aware of no changes in the Trust’s internal control over financial reporting that occurred during the Trust’s most recent quarter that has materially affected, or is reasonably likely to materially affect, the Trust’s internal control over financial reporting.

Item 3. Exhibits.

     Certification of chief executive officer and chief financial officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

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.

(Registrant) ING Clarion Global Real Estate Income Fund                    

By:		/s/ T. Ritson Ferguson        T. Ritson Ferguson
		President and Chief Executive Officer
Date:		May 26, 2010

     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/ T. Ritson Ferguson        T. Ritson Ferguson
		President and Chief Executive Officer
Date:		May 26, 2010
By:		/s/ Jonathan A. Blome        Jonathan A. Blome
		Chief Financial Officer
Date:		May 26, 2010