CORNERSTONE TOTAL RETURN FUND, INC.
SCHEDULE OF INVESTMENTS - MARCH 31, 2022 (Unaudited)
Description | No. of Shares | Value | |||||
EQUITY SECURITIES - 99.49% | |||||||
CLOSED-END FUNDS - 8.01% | |||||||
CORE - 1.34% | |||||||
General American Investors Company, Inc. | 180,262 | $ | 7,655,727 | ||||
DEVELOPED MARKET - 0.42% | |||||||
Aberdeen Japan Equity Fund, Inc. | 54,746 | 381,032 | |||||
First Trust Dynamic Europe Equity Income Fund | 33,400 | 421,842 | |||||
Japan Smaller Capitalization Fund, Inc. | 213,024 | 1,525,252 | |||||
New Germany Fund, Inc. (The) | 8,100 | 92,583 | |||||
2,420,709 | |||||||
DIVERSIFIED EQUITY - 0.94% | |||||||
Adams Diversified Equity Fund, Inc. | 169,755 | 3,130,282 | |||||
Tri-Continental Corporation | 72,800 | 2,245,152 | |||||
5,375,434 | |||||||
EMERGING MARKETS - 0.46% | |||||||
Mexico Fund, Inc. (The) | 6,970 | 115,563 | |||||
Morgan Stanley India Investment Fund, Inc. | 99,937 | 2,509,418 | |||||
2,624,981 | |||||||
ENERGY MLP FUNDS - 2.74% | |||||||
ClearBridge Energy Midstream Opportunity Fund Inc. | 122,982 | 3,468,093 | |||||
ClearBridge MLP and Midstream Fund Inc. | 87,527 | 2,951,411 | |||||
ClearBridge MLP and Midstream Total Return Fund Inc. | 64,722 | 1,889,235 | |||||
Goldman Sachs MLP and Energy Renaissance Fund | 153,451 | 1,853,688 | |||||
Kayne Anderson NextGen Energy & Infrastructure, Inc. | 342,475 | 2,935,011 | |||||
Neuberger Berman MLP and Energy Income Fund Inc. | 406,104 | 2,615,310 | |||||
15,712,748 | |||||||
GLOBAL - 0.23% | |||||||
Gabelli Global Small and Mid Cap Value Trust (The) | 27,689 | 387,092 | |||||
GDL Fund (The) | 108,808 | 935,749 | |||||
1,322,841 | |||||||
INCOME & PREFERRED STOCK - 0.26% | |||||||
LMP Capital and Income Fund Inc. | 100,691 | 1,472,102 | |||||
NATURAL RESOURCES - 0.54% | |||||||
Adams Natural Resources Fund, Inc. | 56,000 | 1,172,080 | |||||
Cushing® NextGen Infrastructure Income Fund (The) | 31,396 | 1,402,145 |
CORNERSTONE TOTAL RETURN FUND, INC.
SCHEDULE OF INVESTMENTS - MARCH 31, 2022 (Unaudited)(Continued)
Description | No. of Shares | Value | |||||
NATURAL RESOURCES - 0.54% (Continued) | |||||||
First Trust Energy Infrastructure Fund | 32,000 | $ | 487,360 | ||||
3,061,585 | |||||||
SECTOR EQUITY - 0.67% | |||||||
BlackRock Health Sciences Trust II | 36,000 | 722,160 | |||||
Gabelli Healthcare & WellnessRx Trust (The) | 53,424 | 684,896 | |||||
GAMCO Natural Resources, Gold & Income Trust | 88,057 | 492,239 | |||||
Nuveen Real Asset Income and Growth Fund | 127,423 | 1,947,023 | |||||
3,846,318 | |||||||
UTILITY - 0.41% | |||||||
Macquarie Global Infrastructure Total Return Fund Inc. | 92,084 | 2,368,400 | |||||
TOTAL CLOSED-END FUNDS | 45,860,845 | ||||||
COMMUNICATION SERVICES - 9.74% | |||||||
Alphabet Inc. - Class C * | 9,400 | 26,254,106 | |||||
Charter Communications, Inc. - Class A * | 5,300 | 2,891,256 | |||||
Comcast Corporation - Class A | 130,000 | 6,086,600 | |||||
Meta Platforms, Inc. - Class A * | 48,000 | 10,673,280 | |||||
Netflix, Inc. * | 11,000 | 4,120,490 | |||||
Twitter, Inc. * | 24,000 | 928,560 | |||||
Walt Disney Company (The) * | 35,000 | 4,800,600 | |||||
55,754,892 | |||||||
CONSUMER DISCRETIONARY - 11.32% | |||||||
Amazon.com, Inc. * | 11,200 | 36,511,440 | |||||
Booking Holdings Inc. * | 1,000 | 2,348,450 | |||||
Dollar General Corporation | 7,000 | 1,558,410 | |||||
eBay Inc. | 20,000 | 1,145,200 | |||||
General Motors Company * | 36,000 | 1,574,640 | |||||
Hilton Worldwide Holdings Inc. * | 5,000 | 758,700 | |||||
Lowe's Companies, Inc. | 21,000 | 4,245,990 | |||||
NIKE, Inc. - Class B | 36,000 | 4,844,160 | |||||
Starbucks Corporation | 35,000 | 3,183,950 | |||||
Tesla, Inc. * | 8,000 | 8,620,800 | |||||
64,791,740 |
CORNERSTONE TOTAL RETURN FUND, INC.
SCHEDULE OF INVESTMENTS - MARCH 31, 2022 (Unaudited)(Continued)
Description | No. of Shares | Value | |||||
CONSUMER STAPLES - 4.67% | |||||||
Archer-Daniels-Midland Company | 15,000 | $ | 1,353,900 | ||||
Coca-Cola Company (The) | 112,000 | 6,944,000 | |||||
Constellation Brands, Inc. - Class A | 5,000 | 1,151,600 | |||||
Costco Wholesale Corporation | 14,000 | 8,061,900 | |||||
Estée Lauder Companies Inc. (The) - Class A | 7,000 | 1,906,240 | |||||
Mondelēz International, Inc. - Class A | 20,000 | 1,255,600 | |||||
Monster Beverage Corporation * | 12,000 | 958,800 | |||||
Philip Morris International Inc. | 45,000 | 4,227,300 | |||||
Walgreens Boots Alliance, Inc. | 20,000 | 895,400 | |||||
26,754,740 | |||||||
EXCHANGE-TRADED FUNDS - 5.05% | |||||||
Energy Select Sector SPDR® Fund (The) | 137,000 | 10,472,280 | |||||
Invesco QQQ TrustSM, Series 1 | 10,000 | 3,625,400 | |||||
iShares Core S&P 500 ETF | 10,000 | 4,536,900 | |||||
SPDR S&P 500® ETF Trust | 7,000 | 3,161,480 | |||||
Technology Select Sector SPDR® Fund (The) | 45,000 | 7,151,850 | |||||
28,947,910 | |||||||
FINANCIALS - 10.18% | |||||||
American Express Company | 12,000 | 2,244,000 | |||||
Aon plc - Class A | 5,000 | 1,628,150 | |||||
Bank of America Corporation | 110,000 | 4,534,200 | |||||
Bank of New York Mellon Corporation (The) | 15,000 | 744,450 | |||||
Berkshire Hathaway Inc. - Class B * | 55,000 | 19,410,050 | |||||
Charles Schwab Corporation (The) | 30,000 | 2,529,300 | |||||
Citigroup Inc. | 60,000 | 3,204,000 | |||||
Goldman Sachs Group, Inc. (The) | 12,000 | 3,961,200 | |||||
JPMorgan Chase & Co. | 87,000 | 11,859,840 | |||||
Moody's Corporation | 3,000 | 1,012,230 | |||||
Progressive Corporation (The) | 14,000 | 1,595,860 | |||||
S&P Global Inc. | 5,000 | 2,050,900 | |||||
T. Rowe Price Group, Inc. | 4,000 | 604,760 | |||||
Wells Fargo & Company | 60,000 | 2,907,600 | |||||
58,286,540 | |||||||
HEALTH CARE - 13.59% | |||||||
Abbott Laboratories | 17,000 | 2,012,120 | |||||
AbbVie Inc. | 29,000 | 4,701,190 |
CORNERSTONE TOTAL RETURN FUND, INC.
SCHEDULE OF INVESTMENTS - MARCH 31, 2022 (Unaudited)(Continued)
Description | No. of Shares | Value | |||||
HEALTH CARE - 13.59% (Continued) | |||||||
Anthem, Inc. | 6,000 | $ | 2,947,320 | ||||
Biogen Inc. * | 6,000 | 1,263,600 | |||||
Boston Scientific Corporation * | 42,000 | 1,860,180 | |||||
Bristol-Myers Squibb Company | 65,000 | 4,746,950 | |||||
Centene Corporation * | 18,000 | 1,515,420 | |||||
Cigna Corporation | 12,000 | 2,875,320 | |||||
CVS Health Corporation | 32,000 | 3,238,720 | |||||
DexCom, Inc. * | 1,000 | 511,600 | |||||
Eli Lilly and Company | 18,000 | 5,154,660 | |||||
HCA Healthcare, Inc. | 9,000 | 2,255,580 | |||||
Humana Inc. | 4,000 | 1,740,680 | |||||
IDEXX Laboratories, Inc. * | 2,000 | 1,094,120 | |||||
IQVIA Holdings Inc. * | 7,000 | 1,618,470 | |||||
Johnson & Johnson | �� | 28,000 | 4,962,440 | ||||
McKesson Corporation | 5,000 | 1,530,650 | |||||
Medtronic plc | 40,000 | 4,438,000 | |||||
Merck & Co., Inc. | 53,000 | 4,348,650 | |||||
Moderna, Inc. * | 5,000 | 861,300 | |||||
Stryker Corporation | 10,000 | 2,673,500 | |||||
Thermo Fisher Scientific Inc. | 6,000 | 3,543,900 | |||||
UnitedHealth Group Incorporated | 28,000 | 14,279,160 | |||||
Vertex Pharmaceuticals Incorporated * | 7,000 | 1,826,790 | |||||
Zimmer Biomet Holdings, Inc. | 14,000 | 1,790,600 | |||||
ZimVie Inc. * | 1,400 | 31,976 | |||||
77,822,896 | |||||||
INDUSTRIALS - 7.43% | |||||||
Boeing Company (The) * | 16,000 | 3,064,000 | |||||
Cintas Corporation | 3,000 | 1,276,170 | |||||
CSX Corporation | 60,000 | 2,247,000 | |||||
FedEx Corporation | 7,000 | 1,619,730 | |||||
General Dynamics Corporation | 7,000 | 1,688,260 | |||||
General Electric Company | 30,000 | 2,745,000 | |||||
Honeywell International Inc. | 25,000 | 4,864,500 | |||||
Johnson Controls International plc | 20,000 | 1,311,400 | |||||
Lockheed Martin Corporation | 7,000 | 3,089,800 | |||||
Norfolk Southern Corporation | 11,000 | 3,137,420 |
CORNERSTONE TOTAL RETURN FUND, INC.
SCHEDULE OF INVESTMENTS - MARCH 31, 2022 (Unaudited)(Continued)
Description | No. of Shares | Value | |||||
INDUSTRIALS - 7.43% (Continued) | |||||||
Northrop Grumman Corporation | 5,000 | $ | 2,236,100 | ||||
Roper Technologies, Inc. | 3,500 | 1,652,805 | |||||
Southwest Airlines Co. * | 18,000 | 824,400 | |||||
TransDigm Group Incorporated * | 2,000 | 1,303,080 | |||||
Union Pacific Corporation | 20,000 | 5,464,200 | |||||
United Parcel Service, Inc. - Class B | 20,000 | 4,289,200 | |||||
Waste Management, Inc. | 11,000 | 1,743,500 | |||||
42,556,565 | |||||||
INFORMATION TECHNOLOGY - 23.98% | |||||||
Adobe Inc. * | 6,000 | 2,733,720 | |||||
Advanced Micro Devices, Inc. * | 36,000 | 3,936,240 | |||||
Apple Inc. | 221,000 | 38,588,810 | |||||
Applied Materials, Inc. | 18,000 | 2,372,400 | |||||
Autodesk, Inc. * | 8,000 | 1,714,800 | |||||
Cisco Systems, Inc. | 43,000 | 2,397,680 | |||||
Fidelity National Information Services, Inc. | 18,000 | 1,807,560 | |||||
Fiserv, Inc. * | 16,000 | 1,622,400 | |||||
HP Inc. | 14,000 | 508,200 | |||||
Intel Corporation | 106,000 | 5,253,360 | |||||
Intuit Inc. | 9,000 | 4,327,560 | |||||
Lam Research Corporation | 4,000 | 2,150,440 | |||||
Mastercard Incorporated - Class A | 18,000 | 6,432,840 | |||||
Microsoft Corporation | 95,000 | 29,289,450 | |||||
NVIDIA Corporation | 62,800 | 17,135,608 | |||||
Oracle Corporation | 25,000 | 2,068,250 | |||||
PayPal Holdings, Inc. * | 12,000 | 1,387,800 | |||||
QUALCOMM Incorporated | 22,000 | 3,362,040 | |||||
Visa, Inc. - Class A | 46,000 | 10,201,420 | |||||
137,290,578 | |||||||
MATERIALS - 2.52% | |||||||
Air Products and Chemicals, Inc. | 6,000 | 1,499,460 | |||||
Ball Corporation | 7,000 | 630,000 | |||||
Corteva, Inc. | 20,000 | 1,149,600 | |||||
DuPont de Nemours, Inc. | 15,000 | 1,103,700 | |||||
Ecolab Inc. | 7,000 | 1,235,920 | |||||
International Flavors & Fragrances Inc. | 7,000 | 919,310 |
CORNERSTONE TOTAL RETURN FUND, INC.
SCHEDULE OF INVESTMENTS - MARCH 31, 2022 (Unaudited)(Continued)
Description | No. of Shares | Value | |||||
MATERIALS - 2.52% (Continued) | |||||||
Linde plc | 14,000 | $ | 4,472,020 | ||||
Newmont Corporation | 24,000 | 1,906,800 | |||||
Nucor Corporation | 10,000 | 1,486,500 | |||||
14,403,310 | |||||||
REAL ESTATE - 1.82% | |||||||
American Tower Corporation | 13,000 | 3,265,860 | |||||
CBRE Group, Inc. - Class A * | 9,000 | 823,680 | |||||
Digital Realty Trust, Inc. | 8,000 | 1,134,400 | |||||
Equinix, Inc. | 3,000 | 2,224,860 | |||||
Public Storage | 5,000 | 1,951,400 | |||||
SBA Communications Corporation | 3,000 | 1,032,300 | |||||
10,432,500 | |||||||
UTILITIES - 1.18% | |||||||
American Water Works Company, Inc. | 5,000 | 827,650 | |||||
Constellation Energy Corporation | 8,433 | 474,356 | |||||
Exelon Corporation | 25,300 | 1,205,039 | |||||
NextEra Energy, Inc. | 50,000 | 4,235,500 | |||||
6,742,545 | |||||||
TOTAL EQUITY SECURITIES (cost - $456,058,980) | 569,645,061 | ||||||
SHORT-TERM INVESTMENT - 0.35% | |||||||
MONEY MARKET FUNDS - 0.35% | |||||||
Fidelity Institutional Money Market Government Portfolio - Class I, 0.12% ^ (cost - $2,003,956) | 2,003,956 | 2,003,956 | |||||
TOTAL INVESTMENTS - 99.84% (cost - $458,062,936) | 571,649,017 | ||||||
OTHER ASSETS IN EXCESS OF LIABILITIES - 0.16% | 917,548 | ||||||
NET ASSETS - 100.00% | $ | 572,566,565 | |||||
* | Non-income producing security. |
^ | The rate shown is the 7-day effective yield as of March 31, 2022. |