CRF Cornerstone Total Return Fund New

 

CORNERSTONE TOTAL RETURN FUND, INC.

SCHEDULE OF INVESTMENTS - SEPTEMBER 30, 2023 (Unaudited)

 

Description			No. of Shares				Value
EQUITY SECURITIES - 99.62%
CLOSED-END FUNDS - 18.03%
CONVERTIBLE SECURITY FUNDS - 0.53%
Bancroft Fund Ltd.			17,188			$	271,055
Ellsworth Growth and Income Fund Ltd.			29,460				237,153
Virtus Convertible & Income Fund			306,728				953,924
Virtus Convertible & Income Fund II			297,286				820,509
Virtus Diversified Income & Convertible Fund			42,320				789,691
Virtus Equity & Convertible Income Fund			25,504				507,275
							3,579,607
DEVELOPED MARKET - 0.01%
Japan Smaller Capitalization Fund, Inc.			6,220				44,224
DIVERSIFIED EQUITY - 4.77%
Adams Diversified Equity Fund, Inc.			541,339				9,007,881
Eaton Vance Tax-Advantaged Dividend Income Fund			190,622				4,037,374
Gabelli Dividend & Income Trust (The)			395,980				7,697,851
General American Investors Company, Inc.			125,669				5,170,023
Liberty All-Star® Growth Fund, Inc.			260,688				1,287,799
Royce Value Trust, Inc.			276,390				3,557,139
Tri-Continental Corporation			40,493				1,076,709
							31,834,776
ENERGY MLP FUNDS - 0.01%
PIMCO Energy and Tactical Credit Opportunities Fund			1,743				34,564
GLOBAL - 1.46%
abrdn Global Dynamic Dividend Fund			14,966				129,606
abrdn Total Dynamic Dividend Fund			81,667				617,403
Clough Global Dividend and Income Fund			71,972				357,701
Clough Global Equity Fund			114,560				627,789
Clough Global Opportunities Fund			177,774				787,539
Eaton Vance Tax-Advantaged Global Dividend Income Fund			234,487				3,606,409
Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund			80,852				1,726,189

CORNERSTONE TOTAL RETURN FUND, INC.

SCHEDULE OF INVESTMENTS - SEPTEMBER 30, 2023 (Unaudited) (Continued)

 

Description			No. of Shares				Value
GLOBAL - 1.46% (Continued)
Gabelli Global Small and Mid Cap Value Trust (The)			6,060			$	62,782
GDL Fund (The)			80,080				620,620
John Hancock Tax-Advantaged Global Shareholder Yield Fund			9,974				43,886
Lazard Global Total Return and Income Fund, Inc.			62,849				869,830
Miller/Howard High Income Equity Fund			15,309				151,865
Royce Global Value Trust, Inc.			16,067				139,952
							9,741,571
INCOME & PREFERRED STOCK - 0.33%
Calamos Long/Short Equity & Dynamic Income Trust			61,460				908,993
LMP Capital and Income Fund Inc.			102,072				1,275,900
							2,184,893
NATURAL RESOURCES - 0.75%
Adams Natural Resources Fund, Inc.			186,372				4,308,920
First Trust Energy Income and Growth Fund			15,685				206,258
NXG NextGen Infrastructure Income Fund			11,985				449,438
Tortoise Energy Independence Fund, Inc.			1,499				47,473
							5,012,089
OPTION ARBITRAGE/OPTIONS STRATEGIES - 4.92%
BlackRock Enhanced Equity Dividend Trust			180,608				1,374,427
BlackRock Enhanced Global Dividend Trust			200,471				1,890,442
BlackRock Enhanced International Dividend Trust			32,721				163,278
Eaton Vance Enhanced Equity Income Fund			10,562				167,408
Eaton Vance Enhanced Equity Income Fund II			224,238				3,852,409
Eaton Vance Risk-Managed Diversified Equity Income Fund			135,286				1,038,996
Eaton Vance Tax-Managed Buy-Write Income Fund			134,030				1,690,118
Eaton Vance Tax-Managed Buy-Write Opportunities Fund			373,368				4,469,215
Eaton Vance Tax-Managed Diversified Equity Income Fund			137,367				1,585,215
Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund			365,581				2,793,039
Eaton Vance Tax-Managed Global Diversified Equity Income Fund			609,673				4,493,290
Nuveen Core Equity Alpha Fund			4,985				61,964

CORNERSTONE TOTAL RETURN FUND, INC.

SCHEDULE OF INVESTMENTS - SEPTEMBER 30, 2023 (Unaudited) (Continued)

 

Description			No. of Shares				Value
OPTION ARBITRAGE/OPTIONS STRATEGIES - 4.92% (Continued)
Nuveen Dow 30SM Dynamic Overwrite Fund			176,994			$	2,424,818
Nuveen Nasdaq 100 Dynamic Overwrite Fund			108,876				2,446,443
Nuveen S&P 500 Buy-Write Income Fund			37,880				479,561
Nuveen S&P 500 Dynamic Overwrite Fund			43,463				644,122
Virtus Dividend, Interest & Premium Strategy Fund			246,011				2,787,304
Voya Global Equity Dividend and Premium Opportunity Fund			100,809				493,964
							32,856,013
REAL ESTATE - 0.84%
Cohen & Steers Quality Income Realty Fund, Inc.			319,671				3,235,070
Cohen & Steers Real Estate Opportunities and Income Fund			34,686				452,652
Cohen & Steers Total Return Realty Fund, Inc.			59,704				625,698
Neuberger Berman Real Estate Securities Income Fund Inc.			172,515				481,317
Nuveen Real Estate Income Fund			128,041				857,875
							5,652,612
SECTOR EQUITY - 3.59%
BlackRock Innovation & Growth Trust			1,118,032				7,781,504
Gabelli Healthcare & WellnessRx Trust (The)			122,937				1,054,799
GAMCO Natural Resources, Gold & Income Trust			30,982				153,051
Neuberger Berman Next Generation Connectivity Fund Inc.			431,574				4,497,001
Nuveen Real Asset Income and Growth Fund			252,478				2,681,316
Tekla Healthcare Investors			168,431				2,619,102
Tekla Healthcare Opportunities Fund			181,086				3,074,840
Tekla Life Sciences Investors			168,200				2,097,454
							23,959,067
UTILITY - 0.82%
abrdn Global Infrastructure Income Fund			98,437				1,584,836
Allspring Utilities and High Income Fund			22,562				197,192
BlackRock Utilities, Infrastructure & Power Opportunities Trust			17,908				355,116
Cohen & Steers Infrastructure Fund Inc.			104,018				2,036,672
Duff & Phelps Utility and Infrastructure Fund Inc.			140,284				1,209,248

CORNERSTONE TOTAL RETURN FUND, INC.

SCHEDULE OF INVESTMENTS - SEPTEMBER 30, 2023 (Unaudited) (Continued)

 

Description			No. of Shares				Value
UTILITY - 0.82% (Continued)
Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund			13,082			$	90,789
							5,473,853
TOTAL CLOSED-END FUNDS							120,373,269
COMMUNICATION SERVICES - 7.65%
Activision Blizzard, Inc.			11,400				1,067,382
Alphabet Inc. - Class C *			185,200				24,418,620
AT&T Inc.			88,100				1,323,262
Charter Communications, Inc. - Class A *			2,200				967,604
Comcast Corporation - Class A			65,600				2,908,704
Meta Platforms, Inc. - Class A *			35,600				10,687,476
Netflix, Inc. *			7,000				2,643,200
T-Mobile US, Inc. *			18,800				2,632,940
Verizon Communications Inc.			65,400				2,119,614
Walt Disney Company (The) *			28,800				2,334,240
							51,103,042
CONSUMER DISCRETIONARY - 7.99%
Amazon.com, Inc. *			154,000				19,576,480
AutoZone, Inc. *			120				304,799
Booking Holdings Inc. *			300				925,185
Chipotle Mexican Grill, Inc. *			700				1,282,281
D.R. Horton, Inc.			4,900				526,603
eBay Inc.			7,900				348,311
Ford Motor Company			58,400				725,328
General Motors Company			20,800				685,776
Hilton Worldwide Holdings Inc.			4,000				600,720
Home Depot, Inc. (The)			15,100				4,562,616
Lowe’s Companies, Inc.			8,800				1,828,992
Marriott International, Inc. - Class A			4,400				864,864
McDonald’s Corporation			11,000				2,897,840
NIKE, Inc. - Class B			18,500				1,768,970
O’Reilly Automotive, Inc. *			1,000				908,860
Ross Stores, Inc.			5,100				576,045
Starbucks Corporation			17,200				1,569,844

CORNERSTONE TOTAL RETURN FUND, INC.

SCHEDULE OF INVESTMENTS - SEPTEMBER 30, 2023 (Unaudited) (Continued)

 

Description			No. of Shares				Value
CONSUMER DISCRETIONARY - 7.99% (Continued)
Tesla, Inc. *			47,500			$	11,885,450
TJX Companies, Inc. (The)			17,300				1,537,624
							53,376,588
CONSUMER STAPLES - 6.38%
Altria Group, Inc.			34,400				1,446,520
Archer-Daniels-Midland Company			10,500				791,910
Coca-Cola Company (The)			74,100				4,148,118
Colgate-Palmolive Company			15,700				1,116,427
Constellation Brands, Inc. - Class A			3,500				879,655
Costco Wholesale Corporation			7,600				4,293,696
Dollar General Corporation			4,000				423,200
General Mills, Inc.			10,500				671,895
Hershey Company (The)			3,000				600,240
Keurig Dr Pepper Inc.			24,400				770,308
Kimberly-Clark Corporation			6,200				749,270
Kraft Heinz Company (The)			22,000				740,080
Mondelēz International, Inc. - Class A			26,300				1,825,220
Monster Beverage Corporation *			19,800				1,048,410
PepsiCo, Inc.			26,500				4,490,160
Philip Morris International Inc.			29,800				2,758,884
Procter & Gamble Company (The)			45,200				6,592,872
Target Corporation			8,800				973,016
Walmart Inc.			51,600				8,252,388
							42,572,269
ENERGY - 3.31%
Chevron Corporation			27,200				4,586,464
ConocoPhillips			17,500				2,096,500
Devon Energy Corporation			9,000				429,300
EOG Resources, Inc.			8,400				1,064,784
Exxon Mobil Corporation			57,200				6,725,576
Hess Corporation			4,500				688,500
Kinder Morgan, Inc. - Class P			44,184				732,571
Marathon Petroleum Corporation			6,200				938,308
Occidental Petroleum Corporation			12,600				817,488
Phillips 66			6,500				780,975
Pioneer Natural Resources Company			3,200				734,560

CORNERSTONE TOTAL RETURN FUND, INC.

SCHEDULE OF INVESTMENTS - SEPTEMBER 30, 2023 (Unaudited) (Continued)

 

Description			No. of Shares				Value
ENERGY - 3.31% (Continued)
Schlumberger Limited			20,500			$	1,195,150
Valero Energy Corporation			5,200				736,892
Williams Companies, Inc. (The)			17,600				592,944
							22,120,012
EXCHANGE-TRADED FUNDS - 2.02%
Energy Select Sector SPDR® Fund (The)			6,000				542,340
Invesco QQQ TrustSM, Series 1			21,600				7,738,632
Technology Select Sector SPDR® Fund (The)			31,700				5,196,581
							13,477,553
FINANCIALS - 10.98%
Aflac Incorporated			10,800				828,900
American Express Company			14,100				2,103,579
American International Group, Inc.			13,000				787,800
Aon plc - Class A			3,700				1,199,614
Arthur J. Gallagher & Co.			4,100				934,513
Bank of America Corporation			152,800				4,183,664
Bank of New York Mellon Corporation (The)			14,900				635,485
Berkshire Hathaway Inc. - Class B *			25,300				8,862,590
BlackRock, Inc.			2,700				1,745,523
Capital One Financial Corporation			7,000				679,350
Charles Schwab Corporation (The)			33,800				1,855,620
Chubb Limited			7,700				1,602,986
Citigroup Inc.			36,700				1,509,471
CME Group Inc.			6,600				1,321,452
Fiserv, Inc. *			11,700				1,321,632
Goldman Sachs Group, Inc. (The)			6,200				2,006,134
Intercontinental Exchange, Inc.			10,200				1,122,204
JPMorgan Chase & Co.			56,000				8,121,120
Marsh & McLennan Companies, Inc.			9,300				1,769,790
Mastercard Incorporated - Class A			18,200				7,205,562
MetLife, Inc.			13,800				868,158
Moody’s Corporation			3,400				1,074,978
Morgan Stanley			31,600				2,580,772
MSCI Inc.			1,600				820,928
PayPal Holdings, Inc. *			20,800				1,215,968
PNC Financial Services Group, Inc. (The)			7,100				871,667

CORNERSTONE TOTAL RETURN FUND, INC.

SCHEDULE OF INVESTMENTS - SEPTEMBER 30, 2023 (Unaudited) (Continued)

 

Description			No. of Shares				Value
FINANCIALS - 10.98% (Continued)
Progressive Corporation (The)			11,200			$	1,560,160
S&P Global Inc.			6,000				2,192,460
Travelers Companies, Inc. (The)			4,300				702,233
Truist Financial Corporation			23,700				678,057
U.S. Bancorp			27,600				912,456
Visa, Inc. - Class A			30,800				7,084,308
Wells Fargo & Company			71,900				2,937,834
							73,296,968
HEALTH CARE - 10.62%
Abbott Laboratories			27,800				2,692,430
AbbVie Inc.			28,400				4,233,304
Amgen Inc.			8,400				2,257,584
Becton, Dickinson and Company			4,600				1,189,238
Biogen Inc. *			2,300				591,123
Boston Scientific Corporation *			23,036				1,216,301
Bristol-Myers Squibb Company			33,500				1,944,340
Centene Corporation *			8,800				606,144
Cigna Group (The)			4,700				1,344,529
CVS Health Corporation			20,200				1,410,364
Danaher Corporation			11,800				2,927,580
DexCom, Inc. *			6,100				569,130
Edwards Lifesciences Corporation *			9,600				665,088
Elevance Health, Inc.			3,700				1,611,054
Eli Lilly and Company			15,100				8,110,662
Gilead Sciences, Inc.			19,900				1,491,306
HCA Healthcare, Inc.			4,300				1,057,714
Humana Inc.			2,000				973,040
IDEXX Laboratories, Inc. *			1,200				524,724
Intuitive Surgical, Inc. *			5,700				1,666,053
IQVIA Holdings Inc. *			2,800				550,900
Johnson & Johnson			41,600				6,479,200
McKesson Corporation			2,000				869,700
Medtronic plc			21,000				1,645,560
Merck & Co., Inc.			40,600				4,179,770
Moderna, Inc. *			6,000				619,740
Pfizer Inc.			90,400				2,998,568

CORNERSTONE TOTAL RETURN FUND, INC.

SCHEDULE OF INVESTMENTS - SEPTEMBER 30, 2023 (Unaudited) (Continued)

 

Description			No. of Shares				Value
HEALTH CARE - 10.62% (Continued)
Regeneron Pharmaceuticals, Inc. *			1,800			$	1,481,328
Stryker Corporation			6,000				1,639,620
Thermo Fisher Scientific Inc.			6,100				3,087,637
UnitedHealth Group Incorporated			15,003				7,564,363
Vertex Pharmaceuticals Incorporated *			4,200				1,460,508
Zoetis Inc.			7,300				1,270,054
							70,928,656
INDUSTRIALS - 7.48%
3M Company			12,200				1,142,164
Automatic Data Processing, Inc.			9,100				2,189,278
Boeing Company (The) *			13,200				2,530,176
Carrier Global Corporation			17,200				949,440
Caterpillar Inc.			8,800				2,402,400
Cintas Corporation			2,200				1,058,222
CSX Corporation			45,500				1,399,125
Cummins Inc.			3,000				685,380
Deere & Company			6,500				2,452,970
Eaton Corporation plc			8,600				1,834,208
Emerson Electric Co.			22,200				2,143,854
FedEx Corporation			5,500				1,457,060
General Dynamics Corporation			5,900				1,303,723
General Electric Company			23,500				2,597,925
Honeywell International Inc.			14,400				2,660,256
Illinois Tool Works Inc.			6,700				1,543,077
Johnson Controls International plc			14,300				760,903
Lockheed Martin Corporation			5,500				2,249,280
Norfolk Southern Corporation			5,100				1,004,343
Northrop Grumman Corporation			3,300				1,452,627
Old Dominion Freight Line, Inc.			2,200				900,108
PACCAR Inc.			20,100				1,708,902
Parker-Hannifin Corporation			2,600				1,012,752
Paychex, Inc.			7,500				864,975
Raytheon Technologies Corporation			32,000				2,303,040
Republic Services, Inc.			6,600				940,566
Trane Technologies plc - Class A			4,800				973,968
TransDigm Group Incorporated *			1,100				927,443

CORNERSTONE TOTAL RETURN FUND, INC.

SCHEDULE OF INVESTMENTS - SEPTEMBER 30, 2023 (Unaudited) (Continued)

 

Description			No. of Shares				Value
INDUSTRIALS - 7.48% (Continued)
Union Pacific Corporation			13,400			$	2,728,642
United Parcel Service, Inc. - Class B			15,800				2,462,746
Waste Management, Inc.			8,600				1,310,984
							49,950,537
INFORMATION TECHNOLOGY - 22.09%
Accenture plc - Class A			10,000				3,071,100
Adobe Inc. *			7,000				3,569,300
Advanced Micro Devices, Inc. *			24,500				2,519,090
Amphenol Corporation - Class A			8,600				722,314
Analog Devices, Inc.			7,600				1,330,684
Apple Inc.			241,300				41,312,973
Applied Materials, Inc.			12,700				1,758,315
Arista Networks, Inc. *			4,500				827,685
Autodesk, Inc. *			3,200				662,112
Broadcom Inc.			6,300				5,232,654
Cadence Design Systems, Inc. *			4,100				960,630
Cisco Systems, Inc.			63,200				3,397,632
Fortinet, Inc. *			11,300				663,084
Intel Corporation			63,600				2,260,980
International Business Machines Corporation			14,300				2,006,290
Intuit Inc.			4,200				2,145,948
KLA Corporation			1,900				871,454
Lam Research Corporation			2,300				1,441,571
Microchip Technology Incorporated			7,800				608,790
Micron Technology, Inc.			16,700				1,136,101
Microsoft Corporation			114,100				36,027,074
Motorola Solutions, Inc.			2,500				680,600
NVIDIA Corporation			37,700				16,399,123
NXP Semiconductors N.V.			3,700				739,704
ON Semiconductor Corporation *			6,200				576,290
Oracle Corporation			41,500				4,395,680
Palo Alto Networks, Inc. *			4,500				1,054,980
QUALCOMM Incorporated			17,100				1,899,126
Roper Technologies, Inc.			1,600				774,848
Salesforce, Inc. *			14,700				2,980,866
ServiceNow, Inc. *			3,000				1,676,880

CORNERSTONE TOTAL RETURN FUND, INC.

SCHEDULE OF INVESTMENTS - SEPTEMBER 30, 2023 (Unaudited) (Continued)

 

Description			No. of Shares				Value
INFORMATION TECHNOLOGY - 22.09% (Continued)
Synopsys, Inc. *			2,300			$	1,055,631
TE Connectivity Ltd.			4,700				580,591
Texas Instruments Incorporated			13,900				2,210,239
							147,550,339
MATERIALS - 0.33%
Air Products and Chemicals, Inc.			1,100				311,740
Albemarle Corporation			300				51,012
Corteva, Inc.			2,700				138,132
DuPont de Nemours, Inc.			1,800				134,262
Ecolab Inc.			1,300				220,220
Freeport-McMoRan Inc.			5,700				212,553
Linde plc			1,800				670,230
Nucor Corporation			1,100				171,985
Sherwin-Williams Company (The)			1,100				280,555
							2,190,689
REAL ESTATE - 0.44%
American Tower Corporation			2,900				476,905
AvalonBay Communities, Inc.			700				120,218
CBRE Group, Inc. - Class A *			1,700				125,562
Crown Castle, Inc.			2,600				239,278
Digital Realty Trust, Inc.			1,800				217,836
Equinix, Inc.			500				363,130
Extra Space Storage Inc.			700				85,106
Prologis, Inc.			5,400				605,934
Public Storage			900				237,168
Realty Income Corporation			4,000				199,760
SBA Communications Corporation - Class A			500				100,085
Welltower, Inc.			2,100				172,032
							2,943,014
UTILITIES - 2.30%
American Electric Power Company, Inc.			12,700				955,294
American Water Works Company, Inc.			4,700				582,001
Consolidated Edison, Inc.			8,700				744,111
Constellation Energy Corporation			8,133				887,148
Dominion Energy, Inc.			21,000				938,070
Duke Energy Corporation			19,300				1,703,418

CORNERSTONE TOTAL RETURN FUND, INC.

SCHEDULE OF INVESTMENTS - SEPTEMBER 30, 2023 (Unaudited) (Continued)

 

Description			No. of Shares				Value
UTILITIES - 2.30% (Continued)
Edison International			9,500			$	601,255
Exelon Corporation			25,000				944,750
NextEra Energy, Inc.			50,300				2,881,687
PG&E Corporation *			46,200				745,206
Public Service Enterprise Group Incorporated			12,600				717,066
Sempra Energy			7,700				523,831
Southern Company (The)			27,200				1,760,384
WEC Energy Group, Inc.			7,800				628,290
Xcel Energy Inc.			13,800				789,636
							15,402,147
TOTAL EQUITY SECURITIES (cost - $608,792,445)							665,285,083
SHORT-TERM INVESTMENT - 0.59%
MONEY MARKET FUNDS - 0.59%
Fidelity Institutional Money Market Government Portfolio - Class I, 5.23% ^ (cost - $3,933,694)			3,933,694				3,933,694
TOTAL INVESTMENTS - 100.21% (cost - $612,726,139)							669,218,777
LIABILITIES IN EXCESS OF OTHER ASSETS - (0.21%)							(1,413,905	)
NET ASSETS - 100.00%						$	667,804,872

 

*

Non-income producing security.

^

The rate shown is the 7-day effective yield as of September 30, 2023.

plc

Public Limited Company.

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