CORNERSTONE TOTAL RETURN FUND, INC. |
SCHEDULE OF INVESTMENTS - MARCH 31, 2023 (Unaudited) |
Description | No. of Shares | Value | ||||||
EQUITY SECURITIES - 99.52% | ||||||||
CLOSED-END FUNDS - 9.64% | ||||||||
CORE - 0.77% | ||||||||
General American Investors Company, Inc. | 134,213 | $ | 5,222,228 | |||||
DEVELOPED MARKET - 0.16% | ||||||||
Japan Smaller Capitalization Fund, Inc. | 156,319 | 1,080,164 | ||||||
DIVERSIFIED EQUITY - 1.73% | ||||||||
Adams Diversified Equity Fund, Inc. | 459,499 | 7,145,209 | ||||||
Gabelli Dividend & Income Trust (The) | 220,000 | 4,573,800 | ||||||
11,719,009 | ||||||||
EMERGING MARKETS - 0.15% | ||||||||
Mexico Fund, Inc. (The) | 2,000 | 34,040 | ||||||
Morgan Stanley India Investment Fund, Inc. | 49,317 | 959,709 | ||||||
993,749 | ||||||||
ENERGY MLP FUNDS - 0.79% | ||||||||
ClearBridge MLP and Midstream Total Return Fund Inc. | 48,054 | 1,388,761 | ||||||
Goldman Sachs MLP and Energy Renaissance Fund | 153,282 | 2,007,994 | ||||||
Kayne Anderson NextGen Energy & Infrastructure, Inc. | 254,186 | 1,952,148 | ||||||
5,348,903 | ||||||||
GLOBAL - 0.13% | ||||||||
Gabelli Global Small and Mid Cap Value Trust (The) | 3,997 | 46,542 | ||||||
GDL Fund (The) | 101,981 | 800,061 | ||||||
846,603 | ||||||||
INCOME & PREFERRED STOCK - 0.39% | ||||||||
Calamos Long/Short Equity & Dynamic Income Trust | 79,155 | 1,222,153 | ||||||
LMP Capital and Income Fund Inc. | 117,455 | 1,434,126 | ||||||
2,656,279 | ||||||||
NATURAL RESOURCES - 0.95% | ||||||||
Adams Natural Resources Fund, Inc. | 262,408 | 5,395,109 | ||||||
First Trust Energy Income and Growth Fund | 6,000 | 77,880 | ||||||
NXG NextGen Infrastructure Income Fund | 25,418 | 932,078 | ||||||
6,405,067 | ||||||||
OPTION ARBITRAGE/OPTIONS STRATEGIES - 0.21% | ||||||||
Virtus Dividend, Interest & Premium Strategy Fund | 121,951 | 1,434,144 |
CORNERSTONE TOTAL RETURN FUND, INC. |
SCHEDULE OF INVESTMENTS - MARCH 31, 2023 (Unaudited)(Continued) |
Description | No. of Shares | Value | ||||||
SECTOR EQUITY - 4.09% | ||||||||
BlackRock Health Sciences Trust II | 83,277 | $ | 1,391,559 | |||||
BlackRock Innovation & Growth Trust | 1,372,764 | 11,023,295 | ||||||
Gabelli Healthcare & WellnessRx Trust (The) | 119,288 | 1,203,616 | ||||||
GAMCO Natural Resources, Gold & Income Trust | 87,221 | 452,677 | ||||||
Neuberger Berman Next Generation Connectivity Fund Inc. | 520,953 | 5,423,121 | ||||||
Nuveen Real Asset Income and Growth Fund | 335,745 | 3,941,646 | ||||||
Tekla Healthcare Investors | 41,300 | 728,945 | ||||||
Tekla Healthcare Opportunities Fund | 62,761 | 1,177,396 | ||||||
Tekla Life Sciences Investors | 168,200 | 2,343,026 | ||||||
27,685,281 | ||||||||
UTILITY - 0.27% | ||||||||
abrdn Global Infrastructure Income Fund | 101,093 | 1,815,630 | ||||||
TOTAL CLOSED-END FUNDS | 65,207,057 | |||||||
COMMUNICATION SERVICES - 8.72% | ||||||||
Alphabet Inc. - Class C * | 248,000 | 25,792,000 | ||||||
Comcast Corporation - Class A | 187,500 | 7,108,125 | ||||||
Meta Platforms, Inc. - Class A * | 43,000 | 9,113,420 | ||||||
Netflix, Inc. * | 16,000 | 5,527,680 | ||||||
T-Mobile US, Inc. * | 54,700 | 7,922,748 | ||||||
Walt Disney Company (The) * | 35,000 | 3,504,550 | ||||||
58,968,523 | ||||||||
CONSUMER DISCRETIONARY - 9.70% | ||||||||
Amazon.com, Inc. * | 264,000 | 27,268,560 | ||||||
Booking Holdings Inc. * | 1,500 | 3,978,615 | ||||||
Chipotle Mexican Grill, Inc. * | 1,000 | 1,708,290 | ||||||
eBay Inc. | 20,000 | 887,400 | ||||||
General Motors Company | 51,000 | 1,870,680 | ||||||
Hilton Worldwide Holdings Inc. | 10,000 | 1,408,700 | ||||||
Home Depot, Inc. (The) | 7,600 | 2,242,912 | ||||||
Lowe's Companies, Inc. | 26,000 | 5,199,220 | ||||||
Marriott International, Inc. - Class A | 10,000 | 1,660,400 | ||||||
McDonald's Corporation | 2,100 | 587,181 |
CORNERSTONE TOTAL RETURN FUND, INC. |
SCHEDULE OF INVESTMENTS - MARCH 31, 2023 (Unaudited)(Continued) |
Description | No. of Shares | Value | ||||||
CONSUMER DISCRETIONARY - 9.70% (Continued) | ||||||||
NIKE, Inc. - Class B | 15,100 | $ | 1,851,864 | |||||
Ross Stores, Inc. | 15,000 | 1,591,950 | ||||||
Tesla, Inc. * | 57,000 | 11,825,220 | ||||||
TJX Companies, Inc. (The) | 45,000 | 3,526,200 | ||||||
65,607,192 | ||||||||
CONSUMER STAPLES - 6.75% | ||||||||
Coca-Cola Company (The) | 150,600 | 9,341,718 | ||||||
Costco Wholesale Corporation | 20,200 | 10,036,774 | ||||||
Dollar General Corporation | 7,000 | 1,473,220 | ||||||
Hershey Company (The) | 6,000 | 1,526,460 | ||||||
Mondelēz International, Inc. - Class A | 30,000 | 2,091,600 | ||||||
Monster Beverage Corporation * | 32,000 | 1,728,320 | ||||||
PepsiCo, Inc. | 24,500 | 4,466,350 | ||||||
Philip Morris International Inc. | 77,800 | 7,566,050 | ||||||
Walmart Inc. | 50,400 | 7,431,480 | ||||||
45,661,972 | ||||||||
ENERGY - 2.91% | ||||||||
Chevron Corporation | 17,700 | 2,887,932 | ||||||
ConocoPhillips | 33,700 | 3,343,377 | ||||||
Devon Energy Corporation | 22,000 | 1,113,420 | ||||||
EOG Resources, Inc. | 2,900 | 332,427 | ||||||
Exxon Mobil Corporation | 32,000 | 3,509,120 | ||||||
Kinder Morgan, Inc. - Class P | 75,000 | 1,313,250 | ||||||
Marathon Petroleum Corporation | 13,800 | 1,860,654 | ||||||
Occidental Petroleum Corporation | 22,700 | 1,417,161 | ||||||
Pioneer Natural Resources Company | 8,500 | 1,736,040 | ||||||
Schlumberger Limited | 27,500 | 1,350,250 | ||||||
Valero Energy Corporation | 5,800 | 809,680 | ||||||
19,673,311 | ||||||||
EXCHANGE-TRADED FUNDS - 3.38% | ||||||||
Energy Select Sector SPDR® Fund (The) | 30,000 | 2,484,900 | ||||||
Invesco QQQ TrustSM, Series 1 | 20,000 | 6,418,600 | ||||||
iShares Core S&P 500 ETF | 12,000 | 4,932,960 | ||||||
Technology Select Sector SPDR® Fund (The) | 60,000 | 9,060,600 | ||||||
22,897,060 |
CORNERSTONE TOTAL RETURN FUND, INC. |
SCHEDULE OF INVESTMENTS - MARCH 31, 2023 (Unaudited)(Continued) |
Description | No. of Shares | Value | ||||||
FINANCIALS - 13.09% | ||||||||
Aon plc - Class A | 8,000 | $ | 2,522,320 | |||||
Arthur J. Gallagher & Co. | 8,000 | 1,530,480 | ||||||
Bank of America Corporation | 250,000 | 7,150,000 | ||||||
Bank of New York Mellon Corporation (The) | 27,000 | 1,226,880 | ||||||
Berkshire Hathaway Inc. - Class B * | 55,000 | 16,982,350 | ||||||
Charles Schwab Corporation (The) | 60,000 | 3,142,800 | ||||||
Fiserv, Inc. * | 21,000 | 2,373,630 | ||||||
Goldman Sachs Group, Inc. (The) | 8,000 | 2,616,880 | ||||||
JPMorgan Chase & Co. | 107,000 | 13,943,170 | ||||||
Mastercard Incorporated - Class A | 28,000 | 10,175,480 | ||||||
Moody's Corporation | 6,000 | 1,836,120 | ||||||
Morgan Stanley | 50,100 | 4,398,780 | ||||||
PayPal Holdings, Inc. * | 35,000 | 2,657,900 | ||||||
Progressive Corporation (The) | 22,000 | 3,147,320 | ||||||
S&P Global Inc. | 13,000 | 4,482,010 | ||||||
Visa, Inc. - Class A | 46,000 | 10,371,160 | ||||||
88,557,280 | ||||||||
HEALTH CARE - 12.02% | ||||||||
AbbVie Inc. | 6,600 | 1,051,842 | ||||||
Biogen Inc. * | 6,000 | 1,668,180 | ||||||
Boston Scientific Corporation * | 42,000 | 2,101,260 | ||||||
Bristol-Myers Squibb Company | 119,500 | 8,282,545 | ||||||
Centene Corporation * | 18,000 | 1,137,780 | ||||||
Cigna Group (The) | 12,000 | 3,066,360 | ||||||
Danaher Corporation | 33,700 | 8,493,748 | ||||||
DexCom, Inc. * | 14,000 | 1,626,520 | ||||||
Elevance Health, Inc. | 9,000 | 4,138,290 | ||||||
Eli Lilly and Company | 12,400 | 4,258,408 | ||||||
Gilead Sciences, Inc. | 45,000 | 3,733,650 | ||||||
HCA Healthcare, Inc. | 9,000 | 2,373,120 | ||||||
Humana Inc. | 4,000 | 1,941,840 | ||||||
IQVIA Holdings Inc. * | 7,000 | 1,392,230 | ||||||
Johnson & Johnson | 24,100 | 3,735,500 | ||||||
McKesson Corporation | 5,000 | 1,780,250 | ||||||
Merck & Co., Inc. | 60,000 | 6,383,400 | ||||||
Pfizer Inc. | 39,800 | 1,623,840 |
CORNERSTONE TOTAL RETURN FUND, INC. |
SCHEDULE OF INVESTMENTS - MARCH 31, 2023 (Unaudited)(Continued) |
Description | No. of Shares | Value | ||||||
HEALTH CARE - 12.02% (Continued) | ||||||||
Thermo Fisher Scientific Inc. | 7,400 | $ | 4,265,138 | |||||
UnitedHealth Group Incorporated | 38,600 | 18,241,974 | ||||||
81,295,875 | ||||||||
INDUSTRIALS - 7.11% | ||||||||
Boeing Company (The) * | 22,000 | 4,673,460 | ||||||
CSX Corporation | 90,000 | 2,694,600 | ||||||
Cummins Inc. | 6,000 | 1,433,280 | ||||||
Deere & Company | 5,000 | 2,064,400 | ||||||
Eaton Corporation plc | 17,000 | 2,912,780 | ||||||
General Dynamics Corporation | 7,000 | 1,597,470 | ||||||
Honeywell International Inc. | 31,500 | 6,020,280 | ||||||
Illinois Tool Works Inc. | 10,000 | 2,434,500 | ||||||
Lockheed Martin Corporation | 10,000 | 4,727,300 | ||||||
Norfolk Southern Corporation | 11,000 | 2,332,000 | ||||||
Raytheon Technologies Corporation | 51,800 | 5,072,774 | ||||||
TransDigm Group Incorporated | 2,000 | 1,474,100 | ||||||
Union Pacific Corporation | 26,000 | 5,232,760 | ||||||
United Parcel Service, Inc. - Class B | 28,000 | 5,431,720 | ||||||
48,101,424 | ||||||||
INFORMATION TECHNOLOGY - 21.68% | ||||||||
Adobe Inc. * | 18,000 | 6,936,660 | ||||||
Apple Inc. | 277,000 | 45,677,300 | ||||||
Applied Materials, Inc. | 18,000 | 2,210,940 | ||||||
Autodesk, Inc. * | 8,000 | 1,665,280 | ||||||
Broadcom Inc. | 7,100 | 4,554,934 | ||||||
Cisco Systems, Inc. | 43,000 | 2,247,825 | ||||||
Intuit Inc. | 9,000 | 4,012,470 | ||||||
Lam Research Corporation | 5,000 | 2,650,600 | ||||||
Microsoft Corporation | 140,000 | 40,361,999 | ||||||
NVIDIA Corporation | 90,800 | 25,221,516 | ||||||
Oracle Corporation | 25,000 | 2,323,000 | ||||||
Roper Technologies, Inc. | 4,000 | 1,762,760 | ||||||
Salesforce, Inc. * | 35,000 | 6,992,300 | ||||||
146,617,584 | ||||||||
MATERIALS - 2.05% | ||||||||
Air Products and Chemicals, Inc. | 800 | 229,768 |
CORNERSTONE TOTAL RETURN FUND, INC. |
SCHEDULE OF INVESTMENTS - MARCH 31, 2023 (Unaudited)(Continued) |
Description | No. of Shares | Value | ||||||
MATERIALS - 2.05% (Continued) | ||||||||
Albemarle Corporation | 4,000 | $ | 884,160 | |||||
Corteva, Inc. | 36,300 | 2,189,253 | ||||||
DuPont de Nemours, Inc. | 20,000 | 1,435,400 | ||||||
Freeport-McMoRan Inc. | 57,500 | 2,352,325 | ||||||
Linde plc | 19,000 | 6,753,360 | ||||||
13,844,266 | ||||||||
REAL ESTATE - 1.16% | ||||||||
AvalonBay Communities, Inc. | 6,000 | 1,008,360 | ||||||
CBRE Group, Inc. - Class A * | 13,000 | 946,530 | ||||||
Equinix, Inc. | 3,000 | 2,163,120 | ||||||
Prologis, Inc. | 9,500 | 1,185,315 | ||||||
Public Storage | 5,000 | 1,510,700 | ||||||
SBA Communications Corporation - Class A | 4,000 | 1,044,280 | ||||||
7,858,305 | ||||||||
UTILITIES - 1.31% | ||||||||
American Electric Power Company, Inc. | 8,300 | 755,217 | ||||||
American Water Works Company, Inc. | 5,000 | 732,450 | ||||||
Consolidated Edison, Inc. | 14,000 | 1,339,380 | ||||||
Constellation Energy Corporation | 8,433 | 661,991 | ||||||
Duke Energy Corporation | 2,200 | 212,234 | ||||||
Exelon Corporation | 40,300 | 1,688,167 | ||||||
NextEra Energy, Inc. | 21,500 | 1,657,220 | ||||||
Sempra Energy | 12,000 | 1,813,920 | ||||||
8,860,579 | ||||||||
TOTAL EQUITY SECURITIES (cost - $597,915,979) | 673,150,428 |
SCHEDULE OF INVESTMENTS - MARCH 31, 2023 (Unaudited)(Continued) |
Description | No. of Shares | Value | ||||||
SHORT-TERM INVESTMENT | ||||||||
MONEY MARKET FUND - 0.42% | ||||||||
Fidelity Institutional Money Market Government Portfolio - Class I, 4.72% ^ (cost - $2,878,004) | 2,878,004 | $ | 2,878,004 | |||||
TOTAL INVESTMENTS - 99.94% (cost - $600,793,983) | 676,028,432 | |||||||
OTHER ASSETS IN EXCESS OF LIABILITIES - 0.06% | 392,459 | |||||||
NET ASSETS - 100.00% | $ | 676,420,891 | ||||||
* | Non-income producing security. |
^ | The rate shown is the 7-day effective yield as of March 31, 2023. |
plc | Public Limited Company |