CRF Cornerstone Total Return Fund New

 

CORNERSTONE TOTAL RETURN FUND, INC.

SCHEDULE OF INVESTMENTS - MARCH 31, 2024 (Unaudited)

 

Description		No. of Shares				Value
EQUITY SECURITIES - 99.07%
CLOSED-END FUNDS - 24.27%
CONVERTIBLE SECURITY FUNDS - 0.65%
Bancroft Fund Ltd.			32,919			$	526,375
Ellsworth Growth and Income Fund Ltd.			139,572				1,133,325
Gabelli Convertible & Income Securities Fund Inc. (The)			9,542				35,401
Virtus Convertible & Income Fund			294,037				982,084
Virtus Convertible & Income Fund II			183,836				549,670
Virtus Equity & Convertible Income Fund			77,096				1,726,178
							4,953,033
DIVERSIFIED EQUITY - 6.34%
Adams Diversified Equity Fund, Inc.			236,489				4,616,265
Eaton Vance Tax-Advantaged Dividend Income Fund			511,056				12,060,921
Gabelli Dividend & Income Trust (The)			578,551				13,295,102
General American Investors Company, Inc.			145,200				6,753,253
John Hancock Tax-Advantaged Dividend Income Fund			36,542				718,416
Liberty All-Star® Equity Fund			351,301				2,511,802
Liberty All-Star® Growth Fund, Inc.			681,462				3,741,226
Royce Value Trust, Inc.			150,409				2,281,705
Tri-Continental Corporation			63,310				1,949,948
							47,928,638
GLOBAL - 2.37%
abrdn Global Dynamic Dividend Fund			4,875				47,336
abrdn Total Dynamic Dividend Fund			188,256				1,560,642
Clough Global Dividend and Income Fund			96,082				537,098
Clough Global Equity Fund			158,517				1,031,946
Clough Global Opportunities Fund			265,812				1,350,325
Eaton Vance Tax-Advantaged Global Dividend Income Fund			464,884				8,484,134
Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund			127,493				3,184,775
Gabelli Global Small and Mid Cap Value Trust (The)			14,671				176,345
GDL Fund (The)			69,450				552,822
Lazard Global Total Return and Income Fund, Inc.			59,723				975,277
Royce Global Value Trust, Inc.			2,426				25,934
							17,926,634

CORNERSTONE TOTAL RETURN FUND, INC.

SCHEDULE OF INVESTMENTS - MARCH 31, 2024 (Unaudited)(Continued)

 

Description		No. of Shares				Value
INCOME & PREFERRED STOCK - 0.61%
Calamos Long/Short Equity & Dynamic Income Trust			79,564			$	1,227,673
Calamos Strategic Total Return Fund			208,063				3,405,991
							4,633,664
NATURAL RESOURCES - 0.67%
Adams Natural Resources Fund, Inc.			192,353				4,435,660
First Trust Energy Income & Growth Fund			37,370				610,626
							5,046,286
OPTION ARBITRAGE/OPTIONS STRATEGIES - 10.95%
BlackRock Enhanced Equity Dividend Trust			588,767				4,857,328
BlackRock Enhanced Global Dividend Trust			363,883				3,806,216
BlackRock Enhanced International Dividend Trust			75,016				414,838
Eaton Vance Enhanced Equity Income Fund			93,616				1,706,620
Eaton Vance Enhanced Equity Income Fund II			278,044				5,608,147
Eaton Vance Risk-Managed Diversified Equity Income Fund			326,960				2,730,116
Eaton Vance Tax-Managed Buy-Write Income Fund			226,611				3,093,240
Eaton Vance Tax-Managed Buy-Write Opportunities Fund			826,475				10,686,322
Eaton Vance Tax-Managed Diversified Equity Income Fund			743,679				9,935,551
Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund			676,875				5,550,375
Eaton Vance Tax-Managed Global Diversified Equity Income Fund			1,104,745				9,014,719
Nuveen Dow 30SM Dynamic Overwrite Fund			279,414				4,096,209
Nuveen Nasdaq 100 Dynamic Overwrite Fund			453,984				10,959,174
Nuveen S&P 500 Buy-Write Income Fund			400,542				5,299,171
Nuveen S&P 500 Dynamic Overwrite Fund			92,924				1,456,119
Virtus Dividend, Interest & Premium Strategy Fund			222,254				2,840,406
Voya Global Equity Dividend and Premium Opportunity Fund			147,911				783,928
							82,838,479
REAL ESTATE - 0.24%
Cohen & Steers Quality Income Realty Fund, Inc.			106,232				1,283,283
Neuberger Berman Real Estate Securities Income Fund Inc.			26,232				87,615

CORNERSTONE TOTAL RETURN FUND, INC.

SCHEDULE OF INVESTMENTS - MARCH 31, 2024 (Unaudited)(Continued)

 

Description		No. of Shares				Value
REAL ESTATE - 0.24% (Continued)
Nuveen Real Estate Income Fund			56,199			$	443,972
							1,814,870
SECTOR EQUITY - 1.65%
abrdn Healthcare Investors			25,962				437,719
abrdn Healthcare Opportunities Fund			126,827				2,549,223
abrdn Life Sciences Investors			10,775				146,863
BlackRock Innovation and Growth Term Trust			648,732				5,280,679
Gabelli Healthcare & WellnessRx Trust (The)			127,529				1,305,897
GAMCO Natural Resources, Gold & Income Trust			23,524				122,560
Neuberger Berman Next Generation Connectivity Fund Inc.			73,384				862,262
Nuveen Real Asset Income and Growth Fund			150,698				1,787,278
							12,492,481
UTILITY - 0.79%
abrdn Global Infrastructure Income Fund			4,847				86,034
Allspring Utilities and High Income Fund			51,767				488,680
BlackRock Utilities, Infrastructure & Power Opportunities Trust			106,390				2,294,832
Duff & Phelps Utility and Infrastructure Fund Inc.			317,261				3,033,016
Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund			5,903				45,335
							5,947,897
TOTAL CLOSED-END FUNDS							183,581,982
COMMON STOCKS - 69.97%
COMMUNICATION SERVICES - 7.21%
Alphabet Inc. - Class C *			164,900				25,107,674
AT&T Inc.			88,100				1,550,560
Charter Communications, Inc. - Class A *			2,100				610,323
Comcast Corporation - Class A			53,700				2,327,895
Meta Platforms, Inc. - Class A			31,200				15,150,096
Netflix, Inc. *			5,900				3,583,247
T-Mobile US, Inc.			9,100				1,485,302
Verizon Communications Inc.			54,900				2,303,604

CORNERSTONE TOTAL RETURN FUND, INC.

SCHEDULE OF INVESTMENTS - MARCH 31, 2024 (Unaudited)(Continued)

 

Description		No. of Shares				Value
COMMUNICATION SERVICES - 7.21% (Continued)
Walt Disney Company (The)			19,400			$	2,373,784
							54,492,485
CONSUMER DISCRETIONARY - 6.96%
Amazon.com, Inc. *			122,100				22,024,398
AutoZone, Inc. *			120				378,198
Booking Holdings Inc.			300				1,088,364
Chipotle Mexican Grill, Inc. *			400				1,162,708
D.R. Horton, Inc.			4,500				740,475
eBay Inc.			7,900				416,962
Ford Motor Company			58,400				775,552
General Motors Company			20,800				943,280
Hilton Worldwide Holdings Inc.			4,000				853,240
Home Depot, Inc. (The)			14,000				5,370,400
Lowe's Companies, Inc.			7,000				1,783,110
Marriott International, Inc. - Class A			4,400				1,110,164
McDonald's Corporation			9,000				2,537,550
NIKE, Inc. - Class B			13,700				1,287,526
O'Reilly Automotive, Inc. *			1,000				1,128,880
Ross Stores, Inc.			5,100				748,476
Starbucks Corporation			14,100				1,288,599
Tesla, Inc. *			42,900				7,541,391
TJX Companies, Inc. (The)			14,300				1,450,306
							52,629,579
CONSUMER STAPLES - 4.99%
Altria Group, Inc.			30,400				1,326,048
Archer-Daniels-Midland Company			10,500				659,505
Coca-Cola Company (The)			66,700				4,080,706
Colgate-Palmolive Company			15,700				1,413,785
Constellation Brands, Inc. - Class A			2,800				760,928
Costco Wholesale Corporation			7,500				5,494,725
Dollar General Corporation			4,000				624,240
General Mills, Inc.			10,500				734,685
Hershey Company (The)			3,000				583,500
Keurig Dr Pepper Inc.			17,300				530,591
Kimberly-Clark Corporation			6,200				801,970
Kraft Heinz Company (The)			13,600				501,840

CORNERSTONE TOTAL RETURN FUND, INC.

SCHEDULE OF INVESTMENTS - MARCH 31, 2024 (Unaudited)(Continued)

 

Description		No. of Shares				Value
CONSUMER STAPLES - 4.99% (Continued)
Mondelēz International, Inc. - Class A			23,900			$	1,673,000
Monster Beverage Corporation *			13,100				776,568
PepsiCo, Inc.			16,900				2,957,669
Philip Morris International Inc.			26,700				2,446,254
Procter & Gamble Company (The)			39,100				6,343,975
Target Corporation			8,800				1,559,448
Walmart Inc.			74,800				4,500,716
							37,770,153
ENERGY - 2.75%
Chevron Corporation			23,900				3,769,986
ConocoPhillips			17,200				2,189,216
Devon Energy Corporation			13,800				692,484
EOG Resources, Inc.			7,500				958,800
Exxon Mobil Corporation			52,400				6,090,976
Hess Corporation			5,800				885,312
Kinder Morgan, Inc. - Class P			16,984				311,487
Marathon Petroleum Corporation			3,700				745,550
Occidental Petroleum Corporation			8,000				519,920
Phillips 66			7,200				1,176,048
Pioneer Natural Resources Company			3,600				945,000
Schlumberger Limited			19,200				1,052,352
Valero Energy Corporation			4,800				819,312
Williams Companies, Inc. (The)			16,600				646,902
							20,803,345
FINANCIALS - 10.20%
Aflac Incorporated			10,600				910,116
American Express Company			9,100				2,071,979
American International Group, Inc.			12,800				1,000,576
Aon plc - Class A			3,500				1,168,020
Arthur J. Gallagher & Co.			4,000				1,000,160
Bank of America Corporation			117,600				4,459,392
Bank of New York Mellon Corporation (The)			14,700				847,014
Berkshire Hathaway Inc. - Class B *			18,400				7,737,568
BlackRock, Inc.			2,500				2,084,250
Capital One Financial Corporation			6,900				1,027,341
Charles Schwab Corporation (The)			24,700				1,786,798

CORNERSTONE TOTAL RETURN FUND, INC.

SCHEDULE OF INVESTMENTS - MARCH 31, 2024 (Unaudited)(Continued)

 

Description		No. of Shares				Value
FINANCIALS - 10.20% (Continued)
Chubb Limited			7,000			$	1,813,910
Citigroup Inc.			32,500				2,055,300
CME Group Inc.			6,100				1,313,269
Fiserv, Inc. *			10,400				1,662,128
Goldman Sachs Group, Inc. (The)			5,500				2,297,295
Intercontinental Exchange, Inc.			9,600				1,319,328
JPMorgan Chase & Co.			45,800				9,173,740
Marsh & McLennan Companies, Inc.			8,300				1,709,634
Mastercard Incorporated - Class A			14,300				6,886,451
MetLife, Inc.			10,700				792,977
Moody's Corporation			3,100				1,218,393
Morgan Stanley			21,500				2,024,440
MSCI Inc.			1,400				784,630
PayPal Holdings, Inc. *			18,900				1,266,111
PNC Financial Services Group, Inc. (The)			7,000				1,131,200
Progressive Corporation (The)			9,800				2,026,836
S&P Global Inc.			5,000				2,127,250
Travelers Companies, Inc. (The)			4,200				966,588
Truist Financial Corporation			23,400				912,132
U.S. Bancorp			26,400				1,180,080
Visa, Inc. - Class A			24,900				6,949,092
Wells Fargo & Company			59,100				3,425,436
							77,129,434
HEALTH CARE - 8.60%
Abbott Laboratories			22,200				2,523,252
AbbVie Inc.			25,000				4,552,500
Amgen Inc.			7,100				2,018,672
Becton, Dickinson and Company			4,500				1,113,525
Biogen Inc. *			1,000				215,630
Boston Scientific Corporation *			20,336				1,392,813
Bristol-Myers Squibb Company			24,600				1,334,058
Centene Corporation *			10,200				800,496
Cigna Group (The)			4,400				1,598,036
CVS Health Corporation			14,400				1,148,544
Danaher Corporation			8,800				2,197,536
DexCom, Inc. *			7,600				1,054,120

CORNERSTONE TOTAL RETURN FUND, INC.

SCHEDULE OF INVESTMENTS - MARCH 31, 2024 (Unaudited)(Continued)

 

Description		No. of Shares				Value
HEALTH CARE - 8.60% (Continued)
Edwards Lifesciences Corporation *			7,300			$	697,588
Elevance Health, Inc.			3,200				1,659,328
Eli Lilly and Company			9,400				7,312,824
Gilead Sciences, Inc.			17,200				1,259,900
HCA Healthcare, Inc.			3,200				1,067,296
Humana Inc.			1,700				589,424
IDEXX Laboratories, Inc. *			1,200				647,916
Intuitive Surgical, Inc. *			4,300				1,716,087
IQVIA Holdings Inc. *			2,500				632,225
Johnson & Johnson			34,402				5,442,052
McKesson Corporation			1,900				1,020,015
Medtronic plc			15,600				1,359,540
Merck & Co., Inc.			36,200				4,776,590
Moderna, Inc. *			4,600				490,176
Pfizer Inc.			77,300				2,145,075
Regeneron Pharmaceuticals, Inc. *			1,300				1,251,237
Stryker Corporation			4,000				1,431,480
Thermo Fisher Scientific Inc.			5,000				2,906,050
UnitedHealth Group Incorporated			12,903				6,383,114
Vertex Pharmaceuticals Incorporated *			3,100				1,295,831
Zoetis Inc.			6,000				1,015,260
							65,048,190
INDUSTRIALS - 6.11%
3M Company			9,600				1,018,272
Automatic Data Processing, Inc.			7,100				1,773,154
Boeing Company (The) *			10,200				1,968,498
Carrier Global Corporation			14,000				813,820
Caterpillar Inc.			8,600				3,151,298
Cintas Corporation			1,700				1,167,951
CSX Corporation			34,800				1,290,036
Cummins Inc.			2,900				854,485
Deere & Company			4,500				1,848,330
Eaton Corporation plc			6,800				2,126,224
Emerson Electric Co.			9,400				1,066,148
FedEx Corporation			3,300				956,142
General Dynamics Corporation			4,200				1,186,458

CORNERSTONE TOTAL RETURN FUND, INC.

SCHEDULE OF INVESTMENTS - MARCH 31, 2024 (Unaudited)(Continued)

 

Description		No. of Shares				Value
INDUSTRIALS - 6.11% (Continued)
General Electric Company			18,700			$	3,282,411
Honeywell International Inc.			11,300				2,319,325
Illinois Tool Works Inc.			5,300				1,422,149
Johnson Controls International plc			13,800				901,416
Lockheed Martin Corporation			4,300				1,955,941
Norfolk Southern Corporation			3,800				968,506
Northrop Grumman Corporation			2,500				1,196,650
Old Dominion Freight Line, Inc.			3,400				745,654
PACCAR Inc.			8,200				1,015,898
Parker-Hannifin Corporation			2,100				1,167,159
Paychex, Inc.			5,900				724,520
Republic Services, Inc.			3,600				689,184
RTX Corporation			21,700				2,116,401
Trane Technologies plc - Class A			3,900				1,170,780
TransDigm Group Incorporated			900				1,108,440
Union Pacific Corporation			10,500				2,582,265
United Parcel Service, Inc. - Class B			12,300				1,828,149
Veralto Corporation			3,833				339,834
Waste Management, Inc.			6,800				1,449,420
							46,204,918
INFORMATION TECHNOLOGY - 21.25%
Accenture plc - Class A			9,000				3,119,490
Adobe Inc. *			6,100				3,078,060
Advanced Micro Devices, Inc. *			18,200				3,284,918
Amphenol Corporation - Class A			8,600				992,010
Analog Devices, Inc.			7,100				1,404,309
Apple Inc.			237,500				40,726,500
Applied Materials, Inc.			11,400				2,351,022
Arista Networks, Inc. *			4,000				1,159,920
Autodesk, Inc. *			2,300				598,966
Broadcom Inc.			5,800				7,687,378
Cadence Design Systems, Inc. *			3,100				964,968
Cisco Systems, Inc.			46,400				2,315,824
Fortinet, Inc. *			11,200				765,072
Intel Corporation			42,300				1,868,391
International Business Machines Corporation			14,300				2,730,728

CORNERSTONE TOTAL RETURN FUND, INC.

SCHEDULE OF INVESTMENTS - MARCH 31, 2024 (Unaudited)(Continued)

 

Description		No. of Shares				Value
INFORMATION TECHNOLOGY - 21.25% (Continued)
Intuit Inc.			3,700			$	2,405,000
KLA Corporation			1,700				1,187,569
Lam Research Corporation			2,000				1,943,140
Microchip Technology Incorporated			7,800				699,738
Micron Technology, Inc.			13,000				1,532,570
Microsoft Corporation			84,400				35,508,767
Motorola Solutions, Inc.			2,500				887,450
NVIDIA Corporation			27,100				24,486,476
NXP Semiconductors N.V.			3,700				916,749
ON Semiconductor Corporation *			3,900				286,845
Oracle Corporation			27,600				3,466,836
Palo Alto Networks, Inc. *			4,500				1,278,585
QUALCOMM Incorporated			17,100				2,895,030
Roper Technologies, Inc.			1,600				897,344
Salesforce, Inc.			12,500				3,764,750
ServiceNow, Inc. *			2,600				1,982,240
Synopsys, Inc. *			2,000				1,143,000
TE Connectivity Ltd.			4,700				682,628
Texas Instruments Incorporated			9,900				1,724,679
							160,736,952
MATERIALS - 0.17%
Air Products and Chemicals, Inc.			400				96,908
Albemarle Corporation			200				26,348
Corteva, Inc.			1,800				103,806
DuPont de Nemours, Inc.			1,200				92,004
Ecolab Inc.			400				92,360
Freeport-McMoRan Inc.			1,700				79,934
Linde plc			1,000				464,320
Nucor Corporation			800				158,320
Sherwin-Williams Company (The)			400				138,932
							1,252,932
REAL ESTATE - 0.20%
American Tower Corporation			1,500				296,385
AvalonBay Communities, Inc.			500				92,780
CBRE Group, Inc. - Class A *			1,200				116,688
Crown Castle, Inc.			1,000				105,830

CORNERSTONE TOTAL RETURN FUND, INC.

SCHEDULE OF INVESTMENTS - MARCH 31, 2024 (Unaudited)(Continued)

 

Description		No. of Shares				Value
REAL ESTATE - 0.20% (Continued)
Equinix, Inc.			200			$	165,066
Extra Space Storage Inc.			500				73,500
Prologis, Inc.			2,800				364,616
Public Storage			200				58,012
Realty Income Corporation			1,000				54,100
SBA Communications Corporation - Class A			400				86,680
Welltower Inc.			1,400				130,816
							1,544,473
UTILITIES - 1.53%
American Electric Power Company, Inc.			8,900				766,290
American Water Works Company, Inc.			3,400				415,514
Consolidated Edison, Inc.			3,200				290,592
Constellation Energy Corporation			5,533				1,022,775
Dominion Energy, Inc.			15,000				737,850
Duke Energy Corporation			8,600				831,706
Edison International			6,900				488,037
Exelon Corporation			20,700				777,699
NextEra Energy, Inc.			35,600				2,275,196
PG&E Corporation			23,300				390,508
Public Service Enterprise Group Incorporated			9,000				601,020
Sempra			7,700				553,091
Southern Company (The)			18,700				1,341,538
WEC Energy Group, Inc.			6,600				541,992
Xcel Energy Inc.			9,900				532,125
							11,565,933
TOTAL COMMON STOCKS							529,178,394
EXCHANGE-TRADED FUNDS - 4.83%
Communication Services Select Sector SPDR® Fund (The)			14,600				1,192,236
Consumer Discretionary Select Sector SPDR® Fund (The)			8,300				1,526,287
Consumer Staples Select Sector SPDR® Fund (The)			15,000				1,145,400
Energy Select Sector SPDR® Fund (The)			9,400				887,454
Financial Select Sector SPDR® Fund (The)			139,300				5,867,316
Health Care Select Sector SPDR® Fund (The)			13,000				1,920,490

CORNERSTONE TOTAL RETURN FUND, INC.

SCHEDULE OF INVESTMENTS - MARCH 31, 2024 (Unaudited)(Continued)

 

Description		No. of Shares				Value
EXCHANGE-TRADED FUNDS - 4.83% (Continued)
Industrial Select Sector SPDR® Fund (The)			41,400			$	5,214,744
Invesco QQQ TrustSM, Series 1			9,800				4,351,298
Materials Select Sector SPDR® Fund (The)			52,600				4,886,014
Real Estate Select Sector SPDR® Fund (The)			37,700				1,490,281
Technology Select Sector SPDR® Fund (The)			37,200				7,747,644
Utilities Select Sector SPDR® Fund (The)			3,900				256,035
TOTAL EXCHANGE-TRADED FUNDS							36,485,199
TOTAL EQUITY SECURITIES (cost - $588,418,455)							749,245,575
SHORT-TERM INVESTMENT - 0.91%
MONEY MARKET FUND - 0.91%
Fidelity Institutional Money Market Government Portfolio - Class I, 5.21% ^ (cost - $6,865,402)			6,865,402				6,865,402
TOTAL INVESTMENTS - 99.98% (cost - $595,283,857)							756,110,977
OTHER ASSETS IN EXCESS OF LIABILITIES - 0.02%							172,341
NET ASSETS - 100.00%						$	756,283,318

 

*

Non-income producing security.

^

The rate shown is the 7-day effective yield as of March 31, 2024.

plc - Public Limited Company.

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