CORNERSTONE TOTAL RETURN FUND, INC.
SCHEDULE OF INVESTMENTS - SEPTEMBER 30, 2022 (Unaudited)
Description | No. of Shares | Value | ||||||
EQUITY SECURITIES - 99.35% | ||||||||
CLOSED-END FUNDS - 11.63% | ||||||||
CONVERTIBLE SECURITIES - 0.08% | ||||||||
Virtus Equity & Convertible Income Fund | 24,000 | $ | 487,440 | |||||
CORE - 0.79% | ||||||||
General American Investors Company, Inc. | 148,262 | 5,018,669 | ||||||
DEVELOPED MARKET - 0.24% | ||||||||
First Trust Dynamic Europe Equity Income Fund | 27,292 | 260,366 | ||||||
Japan Smaller Capitalization Fund, Inc. | 198,770 | 1,164,792 | ||||||
New Germany Fund, Inc. (The) | 16,400 | 114,144 | ||||||
1,539,302 | ||||||||
DIVERSIFIED EQUITY - 0.95% | ||||||||
Adams Diversified Equity Fund, Inc. | 398,555 | 5,806,946 | ||||||
Royce Micro-Cap Trust, Inc. | 38,400 | 304,512 | ||||||
6,111,458 | ||||||||
EMERGING MARKETS - 0.26% | ||||||||
Mexico Fund, Inc. (The) | 11,500 | 149,845 | ||||||
Morgan Stanley India Investment Fund, Inc. | 64,224 | 1,494,492 | ||||||
1,644,337 | ||||||||
ENERGY MLP FUNDS - 2.05% | ||||||||
ClearBridge Energy Midstream Opportunity Fund Inc. | 93,530 | 2,339,185 | ||||||
ClearBridge MLP and Midstream Fund Inc. | 120,527 | 3,591,706 | ||||||
ClearBridge MLP and Midstream Total Return Fund Inc. | 63,520 | 1,671,211 | ||||||
First Trust MLP and Energy Income Fund | 215,401 | 1,540,117 | ||||||
Goldman Sachs MLP and Energy Renaissance Fund | 95,982 | 1,151,784 | ||||||
Kayne Anderson NextGen Energy & Infrastructure, Inc. | 228,377 | 1,614,625 | ||||||
Neuberger Berman MLP and Energy Income Fund Inc. | 194,144 | 1,188,161 | ||||||
13,096,789 | ||||||||
GLOBAL - 0.17% | ||||||||
Gabelli Global Small and Mid Cap Value Trust (The) | 21,437 | 204,295 | ||||||
GDL Fund (The) | 110,081 | 871,841 | ||||||
1,076,136 | ||||||||
INCOME & PREFERRED STOCK - 0.11% | ||||||||
LMP Capital and Income Fund Inc. | 65,191 | 734,703 |
CORNERSTONE TOTAL RETURN FUND, INC.
SCHEDULE OF INVESTMENTS - SEPTEMBER 30, 2022 (Unaudited)(Continued)
Description | No. of Shares | Value | ||||||
NATURAL RESOURCES - 0.50% | ||||||||
Adams Natural Resources Fund, Inc. | 34,208 | $ | 665,688 | |||||
Cushing® NextGen Infrastructure Income Fund (The) | �� | 27,417 | 1,005,656 | |||||
First Trust Energy Infrastructure Fund | 112,157 | 1,495,052 | ||||||
3,166,396 | ||||||||
OPTION ARBITRAGE/OPTIONS STRATEGIES - 0.80% | ||||||||
BlackRock Enhanced International Dividend Trust | 50,000 | 223,500 | ||||||
Virtus Dividend, Interest & Premium Strategy Fund | 458,969 | 4,901,789 | ||||||
5,125,289 | ||||||||
REAL ESTATE - 0.09% | ||||||||
Nuveen Real Estate Income Fund | 73,374 | 567,181 | ||||||
SECTOR EQUITY - 5.59% | ||||||||
BlackRock Health Sciences Trust II | 833,419 | 12,442,946 | ||||||
BlackRock Innovation and Growth Trust | 2,030,264 | 14,760,018 | ||||||
Gabelli Healthcare & WellnessRx Trust (The) | 26,546 | 252,187 | ||||||
GAMCO Natural Resources, Gold & Income Trust | 93,421 | 384,895 | ||||||
Neuberger Berman Next Generation Connectivity Fund Inc. | 407,511 | 3,846,904 | ||||||
Nuveen Real Asset Income and Growth Fund | 141,957 | 1,582,821 | ||||||
Tekla Life Sciences Investors | 13,500 | 184,410 | ||||||
Virtus Artificial Intelligence & Technology Opportunity Fund | 144,968 | 2,258,601 | ||||||
35,712,782 | ||||||||
TOTAL CLOSED-END FUNDS | 74,280,482 | |||||||
COMMUNICATION SERVICES - 8.31% | ||||||||
Alphabet Inc. - Class C * | 248,000 | 23,845,200 | ||||||
Charter Communications, Inc. - Class A * | 5,300 | 1,607,755 | ||||||
Comcast Corporation - Class A | 187,500 | 5,499,375 | ||||||
Meta Platforms, Inc. - Class A * | 48,000 | 6,512,640 | ||||||
Netflix, Inc. * | 16,000 | 3,767,040 | ||||||
T-Mobile US, Inc. * | 54,700 | 7,339,099 | ||||||
Twitter, Inc. * | 24,000 | 1,052,160 | ||||||
Verizon Communications Inc. | 4,700 | 178,459 |
CORNERSTONE TOTAL RETURN FUND, INC.
SCHEDULE OF INVESTMENTS - SEPTEMBER 30, 2022 (Unaudited)(Continued)
Description | No. of Shares | Value | ||||||
COMMUNICATION SERVICES - 8.31% (Continued) | ||||||||
Walt Disney Company (The) * | 35,000 | $ | 3,301,550 | |||||
53,103,278 | ||||||||
CONSUMER DISCRETIONARY - 12.09% | ||||||||
Amazon.com, Inc. * | 264,000 | 29,832,000 | ||||||
Booking Holdings Inc. * | 1,500 | 2,464,815 | ||||||
Dollar General Corporation | 7,000 | 1,679,020 | ||||||
eBay Inc. | 20,000 | 736,200 | ||||||
Ford Motor Company | 160,000 | 1,792,000 | ||||||
General Motors Company | 51,000 | 1,636,590 | ||||||
Hilton Worldwide Holdings Inc. | 10,000 | 1,206,200 | ||||||
Home Depot, Inc. (The) | 7,600 | 2,097,144 | ||||||
Lowe's Companies, Inc. | 26,000 | 4,883,060 | ||||||
Marriott International, Inc. - Class A | 10,000 | 1,401,400 | ||||||
McDonald's Corporation | 2,100 | 484,554 | ||||||
NIKE, Inc. - Class B | 50,000 | 4,156,000 | ||||||
O'Reilly Automotive, Inc. * | 2,500 | 1,758,375 | ||||||
Starbucks Corporation | 35,000 | 2,949,100 | ||||||
Target Corporation | 15,000 | 2,225,850 | ||||||
Tesla, Inc. * | 57,000 | 15,119,250 | ||||||
TJX Companies, Inc. (The) | 45,000 | 2,795,400 | ||||||
77,216,958 | ||||||||
CONSUMER STAPLES - 4.92% | ||||||||
Coca-Cola Company (The) | 150,600 | 8,436,612 | ||||||
Constellation Brands, Inc. - Class A | 7,000 | 1,607,760 | ||||||
Costco Wholesale Corporation | 20,200 | 9,539,854 | ||||||
Estée Lauder Companies Inc. (The) - Class A | 7,000 | 1,511,300 | ||||||
Monster Beverage Corporation * | 16,000 | 1,391,360 | ||||||
PepsiCo, Inc. | 24,500 | 3,999,870 | ||||||
Philip Morris International Inc. | 47,800 | 3,967,878 | ||||||
Procter & Gamble Company (The) | 1,500 | 189,375 | ||||||
Walgreens Boots Alliance, Inc. | 20,000 | 628,000 | ||||||
Walmart Inc. | 1,400 | 181,580 | ||||||
31,453,589 | ||||||||
ENERGY - 2.53% | ||||||||
Chevron Corporation | 17,700 | 2,542,959 | ||||||
ConocoPhillips | 33,700 | 3,448,858 |
CORNERSTONE TOTAL RETURN FUND, INC.
SCHEDULE OF INVESTMENTS - SEPTEMBER 30, 2022 (Unaudited)(Continued)
Description | No. of Shares | Value | ||||||
ENERGY - 2.53% (Continued) | ||||||||
Devon Energy Corporation | 22,000 | $ | 1,322,860 | |||||
EOG Resources, Inc. | 2,900 | 324,017 | ||||||
Exxon Mobil Corporation | 22,100 | 1,929,551 | ||||||
Kinder Morgan, Inc. - Class P | 75,000 | 1,248,000 | ||||||
Marathon Petroleum Corporation | 13,800 | 1,370,754 | ||||||
Occidental Petroleum Corporation | 22,700 | 1,394,915 | ||||||
Pioneer Natural Resources Company | 8,500 | 1,840,505 | ||||||
Schlumberger Limited | 2,500 | 89,750 | ||||||
Valero Energy Corporation | 5,800 | 619,730 | ||||||
16,131,899 | ||||||||
EXCHANGE-TRADED FUNDS - 2.97% | ||||||||
Energy Select Sector SPDR® Fund (The) | 30,000 | 2,160,600 | ||||||
Invesco QQQ TrustSM, Series 1 | 20,000 | 5,345,200 | ||||||
iShares Core S&P 500 ETF | 12,000 | 4,303,800 | ||||||
Technology Select Sector SPDR® Fund (The) | 60,000 | 7,126,800 | ||||||
18,936,400 | ||||||||
FINANCIALS - 9.77% | ||||||||
American Express Company | 12,000 | 1,618,920 | ||||||
Aon plc - Class A | 8,000 | 2,142,960 | ||||||
Bank of America Corporation | 250,000 | 7,550,000 | ||||||
Bank of New York Mellon Corporation (The) | 15,000 | 577,800 | ||||||
Berkshire Hathaway Inc. - Class B * | 55,000 | 14,686,100 | ||||||
Charles Schwab Corporation (The) | 60,000 | 4,312,200 | ||||||
Citigroup Inc. | 70,000 | 2,916,900 | ||||||
Goldman Sachs Group, Inc. (The) | 8,000 | 2,344,400 | ||||||
JPMorgan Chase & Co. | 87,000 | 9,091,500 | ||||||
Moody's Corporation | 6,000 | 1,458,660 | ||||||
Morgan Stanley | 50,100 | 3,958,401 | ||||||
Progressive Corporation (The) | 22,000 | 2,556,620 | ||||||
S&P Global Inc. | 13,000 | 3,969,550 | ||||||
Wells Fargo & Company | 130,000 | 5,228,600 | ||||||
62,412,611 | ||||||||
HEALTH CARE - 13.60% | ||||||||
Abbott Laboratories | 26,300 | 2,544,788 | ||||||
AbbVie Inc. | 42,500 | 5,703,925 | ||||||
Anthem, Inc. | 9,000 | 4,088,160 |
CORNERSTONE TOTAL RETURN FUND, INC.
SCHEDULE OF INVESTMENTS - SEPTEMBER 30, 2022 (Unaudited)(Continued)
Description | No. of Shares | Value | ||||||
HEALTH CARE - 13.60% (Continued) | ||||||||
Biogen Inc. * | 6,000 | $ | 1,602,000 | |||||
Boston Scientific Corporation * | 42,000 | 1,626,660 | ||||||
Bristol-Myers Squibb Company | 119,500 | 8,495,255 | ||||||
Centene Corporation * | 18,000 | 1,400,580 | ||||||
Cigna Corporation | 12,000 | 3,329,640 | ||||||
CVS Health Corporation | 40,000 | 3,814,800 | ||||||
Danaher Corporation | 33,700 | 8,704,373 | ||||||
Eli Lilly and Company | 12,400 | 4,009,540 | ||||||
Elevance Health, Inc. | 9,000 | 4,088,160 | ||||||
Gilead Sciences, Inc. | 25,000 | 1,542,250 | ||||||
HCA Healthcare, Inc. | 9,000 | 1,654,110 | ||||||
Humana Inc. | 4,000 | 1,940,760 | ||||||
IQVIA Holdings Inc. * | 7,000 | 1,267,980 | ||||||
Johnson & Johnson | 8,700 | 1,421,232 | ||||||
McKesson Corporation | 5,000 | 1,699,350 | ||||||
Merck & Co., Inc. | 58,200 | 5,012,184 | ||||||
Pfizer Inc. | 39,800 | 1,741,648 | ||||||
Thermo Fisher Scientific Inc. | 7,400 | 3,753,206 | ||||||
UnitedHealth Group Incorporated | 38,600 | 19,494,544 | ||||||
Vertex Pharmaceuticals Incorporated * | 7,000 | 2,026,780 | ||||||
86,873,765 | ||||||||
INDUSTRIALS - 5.62% | ||||||||
Boeing Company (The) * | 22,000 | 2,663,760 | ||||||
Caterpillar Inc. | 10,000 | 1,640,800 | ||||||
Cintas Corporation | 3,000 | 1,164,570 | ||||||
CSX Corporation | 90,000 | 2,397,600 | ||||||
FedEx Corporation | 7,000 | 1,039,290 | ||||||
General Dynamics Corporation | 7,000 | 1,485,190 | ||||||
Honeywell International Inc. | 31,500 | 5,259,555 | ||||||
Lockheed Martin Corporation | 10,000 | 3,862,900 | ||||||
Norfolk Southern Corporation | 11,000 | 2,306,150 | ||||||
Raytheon Technologies Corporation | 3,800 | 311,068 | ||||||
Southwest Airlines Co. * | 24,000 | 740,160 | ||||||
TransDigm Group Incorporated | 2,000 | 1,049,640 | ||||||
Union Pacific Corporation | 26,000 | 5,065,320 | ||||||
United Parcel Service, Inc. - Class B | 28,000 | 4,523,120 |
CORNERSTONE TOTAL RETURN FUND, INC.
SCHEDULE OF INVESTMENTS - SEPTEMBER 30, 2022 (Unaudited)(Continued)
Description | No. of Shares | Value | ||||||
INDUSTRIALS - 5.62% (Continued) | ||||||||
Waste Management, Inc. | 15,000 | $ | 2,403,150 | |||||
35,912,273 | ||||||||
INFORMATION TECHNOLOGY - 22.32% | ||||||||
Adobe Inc. * | 18,000 | 4,953,600 | ||||||
Advanced Micro Devices, Inc. * | 51,000 | 3,231,360 | ||||||
Apple Inc. | 277,000 | 38,281,400 | ||||||
Applied Materials, Inc. | 18,000 | 1,474,740 | ||||||
Autodesk, Inc. * | 8,000 | 1,494,400 | ||||||
Broadcom Inc. | 7,100 | 3,152,471 | ||||||
Cisco Systems, Inc. | 43,000 | 1,720,000 | ||||||
Fidelity National Information Services, Inc. | 21,000 | 1,586,970 | ||||||
Fiserv, Inc. * | 21,000 | 1,964,970 | ||||||
HP Inc. | 14,000 | 348,880 | ||||||
Intel Corporation | 146,000 | 3,762,420 | ||||||
Intuit Inc. | 9,000 | 3,485,880 | ||||||
Lam Research Corporation | 5,000 | 1,830,000 | ||||||
Mastercard Incorporated - Class A | 28,000 | 7,961,520 | ||||||
Micron Technology, Inc. | 40,000 | 2,004,000 | ||||||
Microsoft Corporation | 140,000 | 32,606,001 | ||||||
NVIDIA Corporation | 90,800 | 11,022,212 | ||||||
Oracle Corporation | 25,000 | 1,526,750 | ||||||
PayPal Holdings, Inc. * | 35,000 | 3,012,450 | ||||||
QUALCOMM Incorporated | 22,000 | 2,485,560 | ||||||
Roper Technologies, Inc. | 4,000 | 1,438,560 | ||||||
Salesforce.com, Inc. * | 35,000 | 5,034,400 | ||||||
Visa, Inc. - Class A | 46,000 | 8,171,900 | ||||||
142,550,444 | ||||||||
MATERIALS - 2.19% | ||||||||
Air Products and Chemicals, Inc. | 6,000 | 1,396,380 | ||||||
Ball Corporation | 7,000 | 338,240 | ||||||
Corteva, Inc. | 36,300 | 2,074,545 | ||||||
DuPont de Nemours, Inc. | 15,000 | 756,000 | ||||||
Ecolab Inc. | 300 | 43,326 | ||||||
Freeport-McMoRan Inc. | 57,500 | 1,571,475 | ||||||
International Flavors & Fragrances Inc. | 7,000 | 635,810 | ||||||
Linde plc | 19,000 | 5,122,210 |
CORNERSTONE TOTAL RETURN FUND, INC.
SCHEDULE OF INVESTMENTS - SEPTEMBER 30, 2022 (Unaudited)(Continued)
Description | No. of Shares | Value | ||||||
MATERIALS - 2.19% (Continued) | ||||||||
Newmont Corporation | 24,000 | $ | 1,008,720 | |||||
Nucor Corporation | 10,000 | 1,069,900 | ||||||
14,016,606 | ||||||||
REAL ESTATE - 1.82% | ||||||||
American Tower Corporation | 18,000 | 3,864,600 | ||||||
AvalonBay Communities, Inc. | 6,000 | 1,105,140 | ||||||
CBRE Group, Inc. - Class A * | 13,000 | 877,630 | ||||||
Crown Castle Inc. | 2,200 | 318,010 | ||||||
Digital Realty Trust, Inc. | 10,000 | 991,800 | ||||||
Equinix, Inc. | 3,000 | 1,706,520 | ||||||
Prologis, Inc. | 1,500 | 152,400 | ||||||
Public Storage | 5,000 | 1,464,050 | ||||||
SBA Communications Corporation - Class A | 4,000 | 1,138,600 | ||||||
11,618,750 | ||||||||
UTILITIES - 1.58% | ||||||||
American Electric Power Company, Inc. | 8,300 | 717,535 | ||||||
American Water Works Company, Inc. | 5,000 | 650,800 | ||||||
Consolidated Edison, Inc. | 14,000 | 1,200,640 | ||||||
Constellation Energy Corporation | 8,433 | 701,541 | ||||||
Dominion Energy, Inc. | 3,300 | 228,063 | ||||||
Duke Energy Corporation | 2,200 | 204,644 | ||||||
Exelon Corporation | 40,300 | 1,509,638 | ||||||
NextEra Energy, Inc. | 21,500 | 1,685,815 | ||||||
Public Service Enterprise Group Incorporated | 2,700 | 151,821 | ||||||
Sempra Energy | 12,000 | 1,799,280 | ||||||
Southern Company (The) | 18,500 | 1,258,000 | ||||||
10,107,777 | ||||||||
TOTAL EQUITY SECURITIES (cost - $659,210,845) | 634,614,832 |
CORNERSTONE TOTAL RETURN FUND, INC.
SCHEDULE OF INVESTMENTS - SEPTEMBER 30, 2022 (Unaudited)(Continued)
Description | No. of Shares | Value | ||||||
SHORT-TERM INVESTMENT - 0.50% | ||||||||
MONEY MARKET FUND - 0.50% | ||||||||
Fidelity Institutional Money Market Government Portfolio - Class I 2.74%^ (cost - $3,186,095) | 3,186,095 | $ | 3,186,095 | |||||
TOTAL INVESTMENTS – 99.85% (cost - $662,396,940) | 637,800,927 | |||||||
OTHER ASSETS IN EXCESS OF LIABILITIES - 0.15% | 938,084 | |||||||
NET ASSETS - 100.00% | $ | 638,739,011 |
* | Non-income producing security. |
^ | The rate shown is the 7-day effective yield as of September 30, 2022. |
plc | Public Limited Company. |