<SEC-DOCUMENT>0001398344-25-016665.txt : 20250826
<SEC-HEADER>0001398344-25-016665.hdr.sgml : 20250826
<ACCEPTANCE-DATETIME>20250826162052
ACCESSION NUMBER:		0001398344-25-016665
CONFORMED SUBMISSION TYPE:	N-CSRS
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20250630
FILED AS OF DATE:		20250826
DATE AS OF CHANGE:		20250826
EFFECTIVENESS DATE:		20250826

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Cornerstone Strategic Investment Fund, Inc.
		CENTRAL INDEX KEY:			0000814083
		ORGANIZATION NAME:           	
		EIN:				133407699
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		N-CSRS
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-05150
		FILM NUMBER:		251257909

	BUSINESS ADDRESS:	
		STREET 1:		225 PICTORIA DRIVE, SUITE 450
		CITY:			CINCINNATI
		STATE:			OH
		ZIP:			45246
		BUSINESS PHONE:		(513) 587-3400

	MAIL ADDRESS:	
		STREET 1:		225 PICTORIA DRIVE, SUITE 450
		CITY:			CINCINNATI
		STATE:			OH
		ZIP:			45246

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CORNERSTONE STRATEGIC VALUE FUND INC
		DATE OF NAME CHANGE:	20090519

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CORNERSTONE STRATEGIC VALUE FUND INC/ NEW
		DATE OF NAME CHANGE:	20010503

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CLEMENTE STRATEGIC VALUE FUND INC
		DATE OF NAME CHANGE:	19990622
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-CSRS
<SEQUENCE>1
<FILENAME>fp0094393-3_ncsrs.htm
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">UNITED STATES</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SECURITIES AND EXCHANGE COMMISSION</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Washington, D.C. 20549</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM N-CSR</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0.5in; text-align: center"><B>CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT </B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0.5in; text-align: center"><B>INVESTMENT COMPANIES</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 40%; font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Investment Company Act file number</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 15%; font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">811-05150</FONT></TD>
    <TD STYLE="width: 45%; font-size: 11pt">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; width: 100%; font-size: 11pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Cornerstone Strategic Investment Fund, Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 11pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">(Exact name of registrant as specified in charter)</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; width: 75%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">225 Pictoria
    Drive, Suite 450 Cincinnati, OH</FONT></TD>
    <TD STYLE="width: 5%; text-align: center"></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 20%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">45246</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">(Address of principal executive offices)</FONT></TD>
    <TD STYLE="text-align: center"></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">(Zip code)</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Jesse Halle, Esq.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; width: 100%; font-size: 11pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Ultimus
    Fund Solutions, LLC&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;225 Pictoria Drive, Suite 450&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cincinnati,
    Ohio 45246</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 11pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">(Name and address of agent for service)</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 35%; font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Registrant's telephone number, including area code:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 20%; font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">(513) 587-3400</FONT></TD>
    <TD STYLE="width: 45%; font-size: 11pt">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 25%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Date of fiscal year end:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 20%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">December 31</FONT></TD>
    <TD STYLE="width: 55%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Date of reporting period:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">June 30, 2025</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Form N-CSR is to be used by management investment
companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required
to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may use
the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policymaking roles.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A registrant is required to disclose the information
specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection
of information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget (&ldquo;OMB&rdquo;)
control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing
the burden to Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this
collection of information under the clearance requirements of 44 U.S.C. &sect; 3507.</P>


<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-indent: -0.75in"> <B>Item 1. </B> <B>Reports to Stockholders.</B></P>



<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(a)</TD><TD></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
<P STYLE="font: 14pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>C</B></FONT><FONT STYLE="font-size: 11pt"><FONT STYLE="font-variant: small-caps"><B>ornerstone</B></FONT></FONT><FONT STYLE="font-variant: small-caps"><B> S</B></FONT><FONT STYLE="font-size: 11pt"><FONT STYLE="font-variant: small-caps"><B>trategic <BR>
</B></FONT></FONT><FONT STYLE="font-variant: small-caps"><B>I</B></FONT><FONT STYLE="font-size: 11pt"><FONT STYLE="font-variant: small-caps"><B>nvestment</B></FONT></FONT><FONT STYLE="font-variant: small-caps"><B> F</B></FONT><FONT STYLE="font-size: 11pt"><FONT STYLE="font-variant: small-caps"><B>und</B></FONT></FONT><FONT STYLE="font-variant: small-caps"><B>, I</B></FONT><FONT STYLE="font-size: 11pt"><FONT STYLE="font-variant: small-caps"><B>nc.</B></FONT></FONT><FONT STYLE="font-variant: small-caps"><B>
</B></FONT></P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>June 30, 2025
</B></FONT></P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<!-- Field: Page; -->
<DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"></P></DIV>
<DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
<!-- Field: /Page -->
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>CONTENTS
</B></FONT></P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="4" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
<TD STYLE="vertical-align: bottom; width: 89%">&nbsp;</TD>
<TD STYLE="vertical-align: bottom; width: 11%">&nbsp;</TD>
</TR>
<TR STYLE="background-color: Gainsboro">
<TD STYLE="vertical-align: bottom; width: 89%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 4.5pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Letter to Stockholders</P></TD>
<TD STYLE="vertical-align: bottom; width: 11%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: right; margin-left: 4.5pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">1</P></TD>
</TR>
<TR STYLE="background-color: White">
<TD STYLE="vertical-align: bottom; width: 89%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 4.5pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Portfolio Summary</P></TD>
<TD STYLE="vertical-align: bottom; width: 11%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: right; margin-left: 4.5pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">3</P></TD>
</TR>
<TR STYLE="background-color: Gainsboro">
<TD STYLE="vertical-align: bottom; width: 89%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 4.5pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Schedule of Investments</P></TD>
<TD STYLE="vertical-align: bottom; width: 11%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: right; margin-left: 4.5pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">4</P></TD>
</TR>
<TR STYLE="background-color: White">
<TD STYLE="vertical-align: bottom; width: 89%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 4.5pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Statement of Assets and Liabilities</P></TD>
<TD STYLE="vertical-align: bottom; width: 11%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: right; margin-left: 4.5pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">10</P></TD>
</TR>
<TR STYLE="background-color: Gainsboro">
<TD STYLE="vertical-align: bottom; width: 89%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 4.5pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Statement of Operations</P></TD>
<TD STYLE="vertical-align: bottom; width: 11%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: right; margin-left: 4.5pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">11</P></TD>
</TR>
<TR STYLE="background-color: White">
<TD STYLE="vertical-align: bottom; width: 89%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 4.5pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Statements of Changes in Net Assets</P></TD>
<TD STYLE="vertical-align: bottom; width: 11%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: right; margin-left: 4.5pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">12</P></TD>
</TR>
<TR STYLE="background-color: Gainsboro">
<TD STYLE="vertical-align: bottom; width: 89%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 4.5pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Financial Highlights</P></TD>
<TD STYLE="vertical-align: bottom; width: 11%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: right; margin-left: 4.5pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">13</P></TD>
</TR>
<TR STYLE="background-color: White">
<TD STYLE="vertical-align: bottom; width: 89%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 4.5pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Notes to Financial Statements</P></TD>
<TD STYLE="vertical-align: bottom; width: 11%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: right; margin-left: 4.5pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">14</P></TD>
</TR>
<TR STYLE="background-color: Gainsboro">
<TD STYLE="vertical-align: bottom; width: 89%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 4.5pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Results of Annual Meeting of Stockholders</P></TD>
<TD STYLE="vertical-align: bottom; width: 11%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: right; margin-left: 4.5pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">19</P></TD>
</TR>
<TR STYLE="background-color: White">
<TD STYLE="vertical-align: bottom; width: 89%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 4.5pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Investment Management Agreement Approval Disclosure</P></TD>
<TD STYLE="vertical-align: bottom; width: 11%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: right; margin-left: 4.5pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">20</P></TD>
</TR>
<TR STYLE="background-color: Gainsboro">
<TD STYLE="vertical-align: bottom; width: 89%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 4.5pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Description of Dividend Reinvestment Plan</P></TD>
<TD STYLE="vertical-align: bottom; width: 11%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: right; margin-left: 4.5pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">22</P></TD>
</TR>
<TR STYLE="background-color: White">
<TD STYLE="vertical-align: bottom; width: 89%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 4.5pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Proxy Voting and Portfolio Holdings Information</P></TD>
<TD STYLE="vertical-align: bottom; width: 11%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: right; margin-left: 4.5pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">24</P></TD>
</TR>
<TR STYLE="background-color: Gainsboro">
<TD STYLE="vertical-align: bottom; width: 89%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 4.5pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Summary of General Information</P></TD>
<TD STYLE="vertical-align: bottom; width: 11%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: right; margin-left: 4.5pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">24</P></TD>
</TR>
<TR STYLE="background-color: White">
<TD STYLE="vertical-align: bottom; width: 89%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 4.5pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Stockholder Information</P></TD>
<TD STYLE="vertical-align: bottom; width: 11%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: right; margin-left: 4.5pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">24</P></TD>
</TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<!-- Field: Page; -->
<DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"></P></DIV>
<DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
<!-- Field: /Page -->
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>Letter to Stockholders</B></FONT></P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: right; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">July 24, 2025
</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Dear Fellow Stockholders:
</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">The following is the semi-annual report for Cornerstone Strategic Investment Fund, Inc. (the &#8220;Fund&#8221;) for the six-month period ended June 30, 2025. At the end of the period, the Fund&#8217;s net assets were $1,918.8 million and the Net Asset Value per share (&#8220;NAV&#8221;) was $6.76. The share price closed at $8.12. After reflecting the reinvestment of monthly distributions totaling $0.74 per share, the Fund achieved a total investment return at market value of 5.52% for the period ended June 30, 2025.
</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"><B>Economic and Market Summary
</B></P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">The U.S. economy demonstrated resilience through the first half of 2025, supported by a strong labor market, steady job creation, and improving consumer sentiment despite persistent policy and trade uncertainties. Hiring momentum remained solid, with unemployment holding steady between 4.1% - 4.2% in the first and second quarters. Optimism about personal finances and easing inflation expectations helped lift household confidence. Headline inflation eased briefly in early spring before edging higher again, while core inflation stayed contained. Against this backdrop, the Federal Reserve held its benchmark rate steady in the 4.25%-4.50% range through the first six months, signaling the possibility of rate cuts later in the year but maintaining a cautious stance considering tariff risks and uneven labor market signals. Economic growth forecasts for 2025 were revised lower for both the U.S. and global economies, reflecting concerns over trade frictions, geopolitical tensions, and protectionist policies. Equity markets began the year with the weakest quarterly performance in several years, due to slowing growth expectations, and global trade uncertainty. However, the second quarter marked a sharp reversal, fueled by stronger-than-expected corporate earnings, particularly from large technology companies. International equities outperformed U.S. markets during the first and second quarters, aided by a softer dollar, capital flows into overseas assets, and signs of easing trade tensions in select regions. Sector performance for the first half of 2025 was mixed. Industrials led all sectors, while consumer discretionary stocks lagged. The &#8220;Magnificent 7&#8221; mega-cap growth stocks continued to drive a sizable portion of index performance, though their pace of returns moderated from the prior year. Overall, despite a challenging policy environment and fluctuating investor sentiment, markets demonstrated an ability to recover from early-year setbacks and adapt to evolving economic conditions.
</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"><B>Managed Distribution Policy
</B></P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">The Fund has maintained its policy of regular distributions to stockholders, which continues to be popular with investors. These distributions are not tied to the Fund&#8217;s investment income and capital gains and do not represent yield or investment return on the Fund&#8217;s portfolio. The policy of maintaining regular monthly distributions is designed to enhance stockholder value by increasing liquidity for individual investors and providing greater flexibility to manage their investment in the Fund. As always, stockholders have the option of taking their distributions in cash or reinvesting them in shares of the Fund pursuant to the Fund&#8217;s reinvestment plan. The Board of Directors believes that the Fund&#8217;s distribution policy maintains a stable, high rate of distribution for stockholders. As always, the monthly distributions are reviewed and approved by the Board throughout the year and are subject to change at their discretion. In addition, please note the Fund&#8217;s reinvestment plan which may provide additional benefit to participating stockholders, as explained further below. Please read the disclosure notes in the Fund&#8217;s annual report for details on the Fund&#8217;s distribution policy and reinvestment plan. As in previous years, stockholders will receive a final determination of the total </P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
<TD STYLE="vertical-align: top; width: 96%">&nbsp;</TD>
<TD STYLE="vertical-align: top; width: 4%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"><B>1</B></P></TD>
</TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<!-- Field: Page; -->
<DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"></P></DIV>
<DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
<!-- Field: /Page -->
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>Letter to Stockholders </B></FONT><FONT STYLE="font-variant: small-caps"><B>(concluded)</B></FONT><FONT STYLE="font-variant: small-caps"><B>
</B></FONT></P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">distribution attributable to income, capital gains, or return-of-capital after the end of each year. The allocation among these categories may vary greatly from year to year. In any given year, there is no guarantee that the Fund&#8217;s investment returns will exceed the amount of the distributions. To the extent that the amount of distributions taken in cash exceeds the total net investment returns of the Fund, the assets of the Fund will decline. If the total net investment returns exceed the amount of cash distributions, the assets of the Fund will increase. In both cases, the Fund&#8217;s individual stockholders have complete flexibility to take their distributions in cash or to reinvest in Fund shares through the Fund&#8217;s reinvestment plan, and they can change this election as they desire.
</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"><B>Distribution Reinvestment Considerations
</B></P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">The Fund&#8217;s distribution reinvestment plan may at times provide significant benefits to plan participants; therefore, stockholders should evaluate the advantages of reinvesting their distribution payments through the plan. Under the plan, the method for determining the number of newly issued shares received when distributions are reinvested is determined by dividing the amount of the distribution either by the Fund&#8217;s last reported NAV or by a price equal to the average closing price of the Fund over the five trading days preceding the payment date of the distribution, whichever is lower. When the Fund trades at a premium to its NAV, as it has in recent history, stockholders may find that reinvestments through the plan provide potential advantages worth considering.
</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"><B>Outlook
</B></P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">The first half of 2025 displayed an economy balancing solid labor market fundamentals and consumer optimism against trade and policy uncertainty. Markets remain sensitive to economic and geopolitical developments and are likely to continue facing challenges in the second half of the year. From an investment perspective, we will remain flexible and diligent, focusing on identifying factors that align with our long-term strategies while being prepared to act when attractive opportunities arise.
</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">The Fund&#8217;s Board of Directors, its officers, and its investment adviser appreciate your ongoing support. We are all aware that investors have placed their trust in us. We know you have a choice, and we all remain committed to continuing to provide our service to you.
</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
<TD STYLE="vertical-align: bottom; width: 50%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"><IMG SRC="fp0094393-1_2.jpg"></P></TD>
<TD STYLE="vertical-align: bottom; width: 50%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"><IMG SRC="fp0094393-1_2a.jpg"></P></TD>
</TR>
<TR>
<TD STYLE="vertical-align: bottom; width: 50%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Joshua G. Bradshaw<BR>
Portfolio Manager</P></TD>
<TD STYLE="vertical-align: bottom; width: 50%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Daniel W. Bradshaw<BR>
Portfolio Manager</P></TD>
</TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
<TD STYLE="vertical-align: top; width: 4%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"><B>2</B></P></TD>
<TD STYLE="vertical-align: top; width: 96%">&nbsp;</TD>
</TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<!-- Field: Page; -->
<DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"></P></DIV>
<DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
<!-- Field: /Page -->

<TABLE CELLSPACING="0" CELLPADDING="4" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
<TD STYLE="border-top: #000000 1pt solid; border-bottom: #000000 1pt solid; vertical-align: top; width: 100%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>Cornerstone Strategic Investment Fund, Inc.<BR>
</B></FONT><FONT STYLE="font-variant: small-caps"><B>Portfolio Summary </B></FONT><FONT STYLE="font-variant: small-caps"><B>&#8211; As Of June 30, 2025 </B></FONT><FONT STYLE="font-variant: small-caps"><B>(Unaudited)</B></FONT></P></TD>
</TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 9pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>SECTOR ALLOCATION
</B></FONT></P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="2" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: bottom; width: 89%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Sector</P></TD>
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: bottom; width: 11%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Percent of<BR>
Net Assets</P></TD>
</TR>
<TR STYLE="background-color: Gainsboro">
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: top; width: 89%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Information Technology</P></TD>
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: top; width: 11%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-bottom: 0pt; margin-top: 0pt">24.1</P></TD>
</TR>
<TR STYLE="background-color: White">
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: top; width: 89%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Financials</P></TD>
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: top; width: 11%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-bottom: 0pt; margin-top: 0pt">13.7</P></TD>
</TR>
<TR STYLE="background-color: Gainsboro">
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: top; width: 89%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Consumer Discretionary</P></TD>
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: top; width: 11%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-bottom: 0pt; margin-top: 0pt">10.1</P></TD>
</TR>
<TR STYLE="background-color: White">
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: top; width: 89%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Health Care</P></TD>
<TD STYLE="text-align: center; border-bottom: #000000 1pt solid; vertical-align: top; width: 11%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-bottom: 0pt; margin-top: 0pt">9.7</P></TD>
</TR>
<TR STYLE="background-color: Gainsboro">
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: top; width: 89%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Communication Services</P></TD>
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: top; width: 11%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-bottom: 0pt; margin-top: 0pt">8.9</P></TD>
</TR>
<TR STYLE="background-color: White">
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: top; width: 89%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Industrials</P></TD>
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: top; width: 11%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-bottom: 0pt; margin-top: 0pt">7.9</P></TD>
</TR>
<TR STYLE="background-color: Gainsboro">
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: bottom; width: 89%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Exchange-Traded Funds</P></TD>
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: bottom; width: 11%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-bottom: 0pt; margin-top: 0pt">7.6</P></TD>
</TR>
<TR STYLE="background-color: White">
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: top; width: 89%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Closed-End Funds</P></TD>
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: top; width: 11%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-bottom: 0pt; margin-top: 0pt">6.6</P></TD>
</TR>
<TR STYLE="background-color: Gainsboro">
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: bottom; width: 89%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Consumer Staples</P></TD>
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: bottom; width: 11%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-bottom: 0pt; margin-top: 0pt">5.3</P></TD>
</TR>
<TR STYLE="background-color: White">
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: top; width: 89%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Energy</P></TD>
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: top; width: 11%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-bottom: 0pt; margin-top: 0pt">2.6</P></TD>
</TR>
<TR STYLE="background-color: Gainsboro">
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: bottom; width: 89%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Utilities</P></TD>
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: bottom; width: 11%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-bottom: 0pt; margin-top: 0pt">1.7</P></TD>
</TR>
<TR STYLE="background-color: White">
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: bottom; width: 89%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Materials</P></TD>
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: bottom; width: 11%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-bottom: 0pt; margin-top: 0pt">0.7</P></TD>
</TR>
<TR STYLE="background-color: Gainsboro">
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: bottom; width: 89%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Real Estate</P></TD>
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: bottom; width: 11%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-bottom: 0pt; margin-top: 0pt">0.6</P></TD>
</TR>
<TR STYLE="background-color: White">
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: bottom; width: 89%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Other</P></TD>
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: bottom; width: 11%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-bottom: 0pt; margin-top: 0pt">0.5</P></TD>
</TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 9pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>TOP TEN HOLDINGS, BY ISSUER
</B></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="2" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: bottom; width: 4%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">&nbsp;</P></TD>
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: bottom; width: 62%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Holding </P></TD>
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: bottom; width: 23%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Sector </P></TD>
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: bottom; width: 11%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Percent of <BR>
Net Assets</P></TD>
</TR>
<TR STYLE="background-color: Gainsboro">
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: top; width: 4%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: right; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">1.</P></TD>
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: top; width: 62%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Microsoft Corporation</P></TD>
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: top; width: 23%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Information Technology</P></TD>
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: top; width: 11%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-bottom: 0pt; margin-top: 0pt">6.1</P></TD>
</TR>
<TR STYLE="background-color: White">
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: top; width: 4%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: right; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">2.</P></TD>
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: top; width: 62%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">NVIDIA Corporation</P></TD>
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: top; width: 23%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Information Technology</P></TD>
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: top; width: 11%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-bottom: 0pt; margin-top: 0pt">6.0</P></TD>
</TR>
<TR STYLE="background-color: Gainsboro">
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: top; width: 4%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: right; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">3.</P></TD>
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: top; width: 62%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Apple Inc.</P></TD>
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: top; width: 23%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Information Technology</P></TD>
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: top; width: 11%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-bottom: 0pt; margin-top: 0pt">5.4</P></TD>
</TR>
<TR STYLE="background-color: White">
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: top; width: 4%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: right; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">4.</P></TD>
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: top; width: 62%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Amazon.com, Inc.</P></TD>
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: top; width: 23%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Consumer Discretionary</P></TD>
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: top; width: 11%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-bottom: 0pt; margin-top: 0pt">4.1</P></TD>
</TR>
<TR STYLE="background-color: Gainsboro">
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: top; width: 4%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: right; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">5.</P></TD>
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: top; width: 62%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Alphabet Inc. - Class C</P></TD>
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: top; width: 23%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Communication Services</P></TD>
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: top; width: 11%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-bottom: 0pt; margin-top: 0pt">3.8</P></TD>
</TR>
<TR STYLE="background-color: White">
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: top; width: 4%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: right; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">6.</P></TD>
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: top; width: 62%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Technology Select Sector SPDR<SUP>&#174;</SUP> Fund (The)</P></TD>
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: top; width: 23%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Exchange-Traded Funds</P></TD>
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: top; width: 11%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-bottom: 0pt; margin-top: 0pt">2.9</P></TD>
</TR>
<TR STYLE="background-color: Gainsboro">
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: top; width: 4%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: right; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">7.</P></TD>
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: top; width: 62%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Meta Platforms, Inc. - Class A</P></TD>
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: top; width: 23%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Communication Services</P></TD>
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: top; width: 11%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-bottom: 0pt; margin-top: 0pt">2.2</P></TD>
</TR>
<TR STYLE="background-color: White">
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: top; width: 4%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: right; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">8.</P></TD>
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: top; width: 62%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Industrial Select Sector SPDR<SUP>&#174;</SUP> Fund (The)</P></TD>
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: top; width: 23%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Exchange-Traded Funds</P></TD>
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: top; width: 11%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-bottom: 0pt; margin-top: 0pt">2.1</P></TD>
</TR>
<TR STYLE="background-color: Gainsboro">
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: top; width: 4%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: right; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">9.</P></TD>
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: top; width: 62%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">JPMorgan Chase &amp; Co.</P></TD>
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: top; width: 23%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Financials</P></TD>
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: top; width: 11%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-bottom: 0pt; margin-top: 0pt">1.7</P></TD>
</TR>
<TR STYLE="background-color: White">
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: top; width: 4%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: right; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">10.</P></TD>
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: top; width: 62%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Tesla, Inc.</P></TD>
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: top; width: 23%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Consumer Discretionary</P></TD>
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: top; width: 11%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-bottom: 0pt; margin-top: 0pt">1.6</P></TD>
</TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
<TD STYLE="vertical-align: top; width: 96%">&nbsp;</TD>
<TD STYLE="vertical-align: top; width: 4%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"><B>3</B></P></TD>
</TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; -->
<DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"></P></DIV>
<DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
<!-- Field: /Page -->
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="4" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
<TD STYLE="border-top: #000000 1pt solid; border-bottom: #000000 1pt solid; vertical-align: top; width: 100%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>Cornerstone Strategic Investment Fund, Inc.<BR>
</B></FONT><FONT STYLE="font-variant: small-caps"><B>Schedule of Investments</B></FONT><FONT STYLE="font-variant: small-caps"><B> &#8211; June 30, 2025 </B></FONT><FONT STYLE="font-variant: small-caps"><B>(Unaudited)</B></FONT></P></TD>
</TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR>
<TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Description</P></TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%">&nbsp;</TD>
<TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">No. of <BR>
Shares</P></TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%">&nbsp;</TD>
<TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Value</P></TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%">&nbsp;</TD>
</TR>
<TR>
<TD COLSPAN="9" STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 9pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>EQUITY SECURITIES &#8212; 99.45%</B></FONT></P></TD>
</TR>
<TR>
<TD COLSPAN="9" STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 18pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>CLOSED-END FUNDS &#8212; 6.60%</B></FONT></P></TD>
</TR>
<TR>
<TD COLSPAN="9" STYLE="vertical-align: bottom">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD COLSPAN="9" STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 18pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>CONVERTIBLE SECURITY FUNDS &#8212; 0.20%</B></FONT></P></TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Ellsworth Growth and Income Fund Ltd. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">772</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">$</TD>
<TD STYLE="width: 12%; text-align: right">7,913</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Gabelli Convertible &amp; Income Securities Fund Inc. (The) </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">12,221</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">46,806</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Virtus Convertible &amp; Income Fund </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">84,600</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">1,201,320</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Virtus Convertible &amp; Income Fund II </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">59,616</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">765,469</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Virtus Equity &amp; Convertible Income Fund </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">74,879</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">1,789,609</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">3,811,117</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD COLSPAN="9" STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 18pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>DIVERSIFIED EQUITY &#8212; 0.88%</B></FONT></P></TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">BlackRock Enhanced Large Cap Core Fund, Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">139,534</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">2,979,051</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Eaton Vance Tax-Advantaged Dividend Income Fund </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">140,775</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">3,392,677</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Gabelli Equity Trust Inc. (The) </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">2,200</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">12,804</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">General American Investors Company, Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">73,343</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">4,110,142</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">John Hancock Tax-Advantaged Dividend Income Fund </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">3,703</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">86,613</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Liberty All-Star<SUP>&#174;</SUP> Equity Fund </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">250,669</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">1,707,056</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Liberty All-Star<SUP>&#174;</SUP> Growth Fund, Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">518,182</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">2,834,456</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Royce Small-Cap Trust, Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">74,943</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">1,127,892</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Source Capital</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">10,823</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">469,318</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Tri-Continental Corporation </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">8,000</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">253,280</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">16,973,289</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD COLSPAN="9" STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 18pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>ENERGY MLP FUNDS &#8212; 0.16%</B></FONT></P></TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Kayne Anderson Energy Infrastructure Fund, Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">89,721</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left"></TD>
<TD STYLE="width: 12%; text-align: right">1,141,251</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Neuberger Berman Energy Infrastructure and Income Fund Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">120,889</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">1,088,001</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">NXG Cushing<SUP>&#174;</SUP> Midstream Energy Fund </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">17,774</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">752,729</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">2,981,981</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD COLSPAN="9" STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 18pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>GLOBAL &#8212; 1.04%</B></FONT></P></TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Eaton Vance Tax-Advantaged Global Dividend Income Fund </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">657,456</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">13,767,128</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">165,450</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">4,498,586</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Gabelli Global Small and Mid Cap Value Trust (The) </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">5,385</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">71,728</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">GDL Fund (The) </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">111,193</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">927,739</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Royce Global Value Trust, Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">54,447</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">654,997</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">19,920,178</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD COLSPAN="9" STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 18pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>INCOME &amp; PREFERRED STOCK &#8212; 1.02% </B></FONT></P></TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Calamos Strategic Total Return Fund</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">958,325</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">17,479,848</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">John Hancock Premium Dividend Fund </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">148,963</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">1,961,843</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">LMP Capital and Income Fund Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">4,048</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">63,149</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">19,504,840</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD COLSPAN="9" STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 18pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>OPTION ARBITRAGE/OPTIONS STRATEGIES &#8212; 1.65%</B></FONT></P></TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">BlackRock ESG Capital Allocation Term Trust </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">4,400</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">70,664</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Columbia Seligman Premium Technology Growth Fund, Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">55,338</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">1,682,829</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
</TABLE><P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 13.5pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt">See accompanying notes to financial statements.</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
<TD STYLE="vertical-align: top; width: 4%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"><B>4</B></P></TD>
<TD STYLE="vertical-align: top; width: 96%">&nbsp;</TD>
</TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; -->
<DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"></P></DIV>
<DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
<!-- Field: /Page -->
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="4" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
<TD STYLE="border-top: #000000 1pt solid; border-bottom: #000000 1pt solid; vertical-align: top; width: 100%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>Cornerstone Strategic Investment Fund, Inc.<BR>
Schedule of Investments &#8211; </B></FONT><FONT STYLE="font-variant: small-caps"><B>June 30, 2025 </B></FONT><FONT STYLE="font-variant: small-caps"><B>(Unaudited) </B></FONT><FONT STYLE="font-variant: small-caps"><B>(continued)</B></FONT></P></TD>
</TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR>
<TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Description</P></TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%">&nbsp;</TD>
<TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">No. of <BR>
Shares</P></TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%">&nbsp;</TD>
<TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Value</P></TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%">&nbsp;</TD>
</TR>
<TR>
<TD COLSPAN="9" STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 18pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>OPTION ARBITRAGE/OPTIONS STRATEGIES </B></FONT><FONT STYLE="font-variant: small-caps"><B>(Continued)</B></FONT></P></TD>
</TR>
<TR STYLE="background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Eaton Vance Risk-Managed Diversified Equity Income Fund </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">579,104</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">$</TD>
<TD STYLE="width: 12%; text-align: right">5,235,100</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Eaton Vance Tax-Managed Buy-Write Income Fund </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">39,190</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">565,904</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Eaton Vance Tax-Managed Buy-Write Opportunities Fund </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">125,259</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">1,737,342</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">First Trust Enhanced Equity Income Fund </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">56,813</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">1,163,530</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Nuveen Core Equity Alpha Fund </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">38,458</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">596,099</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Nuveen Dow 30SM Dynamic Overwrite Fund </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">337,825</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">4,844,411</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Nuveen NASDAQ 100 Dynamic Overwrite Fund </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">441,032</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">11,674,116</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Nuveen S&amp;P 500 Buy-Write Income Fund </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">293,198</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">4,069,588</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">31,639,583</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD COLSPAN="9" STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 18pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>REAL ESTATE &#8212; 0.21%</B></FONT></P></TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Cohen &amp; Steers Quality Income Realty Fund, Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">210,934</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">2,626,128</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Cohen &amp; Steers Real Estate Opportunities and Income Fund </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">12,568</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">190,783</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Cohen &amp; Steers Total Return Realty Fund, Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">11,868</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">143,128</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Neuberger Berman Real Estate Securities Income Fund Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">302,682</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">974,636</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Nuveen Real Estate Income Fund </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">14,630</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">113,821</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">4,048,496</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD COLSPAN="9" STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 18pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>SECTOR EQUITY &#8212; 0.47%</B></FONT></P></TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">abrdn World Healthcare Fund </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">194,767</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">1,998,309</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">BlackRock Science and Technology Trust </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">59,383</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">2,266,650</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">GAMCO Global Gold, Natural Resources &amp; Income Trust </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">507,307</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">2,227,078</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">John Hancock Financial Opportunities Fund </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">72,622</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">2,572,271</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">9,064,308</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD COLSPAN="9" STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 18pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>UTILITY &#8212; 0.97%</B></FONT></P></TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">abrdn Global Infrastructure Income Fund </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">51,385</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">1,047,226</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Duff &amp; Phelps Utility and Infrastructure Fund Inc.</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">5,336</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">66,220</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Gabelli Global Utility &amp; Income Trust (The) </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">900</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">15,576</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Reaves Utility Income Fund </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">482,478</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">17,456,054</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">18,585,076</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD COLSPAN="5" STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 18pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>TOTAL CLOSED-END FUNDS</B></FONT></P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">126,528,868</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD COLSPAN="9" STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 18pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>COMMON STOCKS &#8212; 85.24%</B></FONT></P></TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD COLSPAN="9" STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 18pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>COMMUNICATION SERVICES &#8212; 8.86%</B></FONT></P></TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Alphabet Inc. - Class C </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">412,700</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">73,208,853</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">AT&amp;T Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">27,500</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">795,850</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Comcast Corporation - Class A </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">175,400</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">6,260,026</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Meta Platforms, Inc. - Class A </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">56,600</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">41,775,894</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Netflix, Inc. <FONT STYLE="font-size: 11pt; vertical-align: bottom">*</FONT></P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">16,800</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">22,497,384</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">T-Mobile US, Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">38,700</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">9,220,662</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Verizon Communications Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">149,900</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">6,486,173</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Walt Disney Company (The) </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">78,600</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">9,747,186</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">169,992,028</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD COLSPAN="9" STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 18pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>CONSUMER DISCRETIONARY &#8212; 10.10%</B></FONT></P></TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Amazon.com, Inc. <FONT STYLE="font-size: 11pt; vertical-align: bottom">*</FONT></P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">358,600</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">78,673,254</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
</TABLE><P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: right; margin-left: 13.5pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt">See accompanying notes to financial statements.</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
<TD STYLE="vertical-align: top; width: 96%">&nbsp;</TD>
<TD STYLE="vertical-align: top; width: 4%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"><B>5</B></P></TD>
</TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; -->
<DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"></P></DIV>
<DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
<!-- Field: /Page -->
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="4" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
<TD STYLE="border-top: #000000 1pt solid; border-bottom: #000000 1pt solid; vertical-align: top; width: 100%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>Cornerstone Strategic Investment Fund, Inc.<BR>
Schedule of Investments &#8211; </B></FONT><FONT STYLE="font-variant: small-caps"><B>June 30, 2025 </B></FONT><FONT STYLE="font-variant: small-caps"><B>(Unaudited) </B></FONT><FONT STYLE="font-variant: small-caps"><B>(continued)</B></FONT></P></TD>
</TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR>
<TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Description</P></TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%">&nbsp;</TD>
<TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">No. of <BR>
Shares</P></TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%">&nbsp;</TD>
<TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Value</P></TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%">&nbsp;</TD>
</TR>
<TR>
<TD COLSPAN="9" STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 18pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>CONSUMER DISCRETIONARY (Continued)</B></FONT></P></TD>
</TR>
<TR STYLE="background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">AutoZone, Inc. <FONT STYLE="font-size: 11pt; vertical-align: bottom">*</FONT></P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">600</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">$</TD>
<TD STYLE="width: 12%; text-align: right">2,227,338</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Booking Holdings Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">2,100</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">12,157,404</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Chipotle Mexican Grill, Inc. <FONT STYLE="font-size: 11pt; vertical-align: bottom">*</FONT></P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">50,600</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">2,841,190</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">eBay Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">23,100</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">1,720,026</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">General Motors Company </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">58,500</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">2,878,785</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Hilton Worldwide Holdings Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">8,200</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">2,183,988</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Home Depot, Inc. (The) </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">42,600</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">15,618,864</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Lowe&#8217;s Companies, Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">53,800</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">11,936,606</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">McDonald&#8217;s Corporation </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">56,600</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">16,536,822</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">NIKE, Inc. - Class B </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">50,700</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">3,601,728</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">O&#8217;Reilly Automotive, Inc. <FONT STYLE="font-size: 11pt; vertical-align: bottom">*</FONT></P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">53,100</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">4,785,903</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Ross Stores, Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">8,200</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">1,046,156</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Starbucks Corporation </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">32,500</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">2,977,975</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Tesla, Inc. <FONT STYLE="font-size: 11pt; vertical-align: bottom">*</FONT></P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">94,300</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">29,955,338</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">TJX Companies, Inc. (The) </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">38,100</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">4,704,969</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">193,846,346</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD COLSPAN="9" STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 18pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>CONSUMER STAPLES &#8212; 5.27%</B></FONT></P></TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Altria Group, Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">13,300</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">779,779</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Coca-Cola Company (The) </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">181,100</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">12,812,825</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Colgate-Palmolive Company </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">14,831</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">1,348,138</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Constellation Brands, Inc. - Class A </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">2,000</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">325,360</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Costco Wholesale Corporation </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">21,500</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">21,283,710</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Dollar General Corporation </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">7,600</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">869,288</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">General Mills, Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">11,500</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">595,815</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Hershey Company (The) </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">2,000</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">331,900</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Kimberly-Clark Corporation </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">4,900</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">631,708</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Kraft Heinz Company (The) </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">18,400</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">475,088</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Mondel&#275;z International, Inc. - Class A </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">56,100</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">3,783,384</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Monster Beverage Corporation <FONT STYLE="font-size: 11pt; vertical-align: bottom">*</FONT></P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">60,800</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">3,808,512</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">PepsiCo, Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">63,600</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">8,397,744</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Philip Morris International Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">38,100</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">6,939,153</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Procter &amp; Gamble Company (The) </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">86,000</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">13,701,520</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Target Corporation </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">12,800</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">1,262,720</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Walmart Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">243,600</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">23,819,208</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">101,165,852</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD COLSPAN="9" STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 18pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>ENERGY &#8212; 2.60%</B></FONT></P></TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Chevron Corporation </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">71,500</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">10,238,085</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">ConocoPhillips </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">40,700</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">3,652,418</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Devon Energy Corporation </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">28,200</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">897,042</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Exxon Mobil Corporation </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">266,563</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">28,735,491</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Kinder Morgan, Inc. - Class P </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">156,500</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">4,601,100</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Occidental Petroleum Corporation </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">33,900</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">1,424,139</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Phillips 66 </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">1,600</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">190,880</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Schlumberger Limited </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">2,100</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">70,980</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Valero Energy Corporation </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">100</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">13,442</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Williams Companies, Inc. (The) </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">2,100</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">131,901</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">49,955,478</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD COLSPAN="9" STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 18pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>FINANCIALS &#8212; 13.72%</B></FONT></P></TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Aflac Incorporated </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">15,900</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">1,676,814</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">American Express Company </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">24,300</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">7,751,214</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">American International Group, Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">11,300</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">967,167</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Aon plc - Class A </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">17,700</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">6,314,652</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Arthur J. Gallagher &amp; Co. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">8,000</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">2,560,960</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Bank of America Corporation </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">420,300</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">19,888,596</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Berkshire Hathaway Inc. - Class B <FONT STYLE="font-size: 11pt; vertical-align: bottom">*</FONT></P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">60,000</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">29,146,200</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">BlackRock, Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">11,000</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">11,541,750</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
</TABLE><P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 13.5pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt">See accompanying notes to financial statements.</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
<TD STYLE="vertical-align: top; width: 4%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"><B>6</B></P></TD>
<TD STYLE="vertical-align: top; width: 96%">&nbsp;</TD>
</TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; -->
<DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"></P></DIV>
<DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
<!-- Field: /Page -->
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="4" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
<TD STYLE="border-top: #000000 1pt solid; border-bottom: #000000 1pt solid; vertical-align: top; width: 100%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>Cornerstone Strategic Investment Fund, Inc.<BR>
Schedule of Investments &#8211; </B></FONT><FONT STYLE="font-variant: small-caps"><B>June 30, 2025 </B></FONT><FONT STYLE="font-variant: small-caps"><B>(Unaudited) </B></FONT><FONT STYLE="font-variant: small-caps"><B>(continued)</B></FONT></P></TD>
</TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR>
<TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Description</P></TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%">&nbsp;</TD>
<TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">No. of <BR>
Shares</P></TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%">&nbsp;</TD>
<TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Value</P></TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%">&nbsp;</TD>
</TR>
<TR>
<TD COLSPAN="9" STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 18pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>FINANCIALS (Continued)</B></FONT></P></TD>
</TR>
<TR STYLE="background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Capital One Financial Corporation </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">3,700</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">$</TD>
<TD STYLE="width: 12%; text-align: right">787,212</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Charles Schwab Corporation (The) </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">101,500</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">9,260,860</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Chubb Limited </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">22,400</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">6,489,728</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Citigroup Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">152,700</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">12,997,824</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">CME Group Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">6,900</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">1,901,778</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Fiserv, Inc. <FONT STYLE="font-size: 11pt; vertical-align: bottom">*</FONT></P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">11,600</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">1,999,956</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Goldman Sachs Group, Inc. (The) </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">14,800</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">10,474,700</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Intercontinental Exchange, Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">26,400</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">4,843,608</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">JPMorgan Chase &amp; Co. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">112,900</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">32,730,839</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Marsh &amp; McLennan Companies, Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">26,200</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">5,728,368</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Mastercard Incorporated - Class A </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">33,400</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">18,768,796</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">MetLife, Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">22,200</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">1,785,324</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Moody&#8217;s Corporation </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">14,100</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">7,072,419</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Morgan Stanley </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">66,600</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">9,381,276</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">MSCI Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">3,300</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">1,903,242</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">PayPal Holdings, Inc. <FONT STYLE="font-size: 11pt; vertical-align: bottom">*</FONT></P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">59,100</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">4,392,312</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">PNC Financial Services Group, Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">14,000</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">2,609,880</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Progressive Corporation (The) </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">15,400</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">4,109,644</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">S&amp;P Global Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">16,500</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">8,700,285</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Travelers Companies, Inc. (The) </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">3,000</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">802,620</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">U.S. Bancorp </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">65,400</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">2,959,350</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Visa, Inc. - Class A </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">62,600</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">22,226,130</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Wells Fargo &amp; Company </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">143,500</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">11,497,220</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">263,270,724</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD COLSPAN="9" STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 18pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>HEALTH CARE &#8212; 9.71%</B></FONT></P></TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Abbott Laboratories </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">59,000</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">8,024,590</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">AbbVie Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">82,900</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">15,387,898</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Amgen Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">18,700</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">5,221,227</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Becton, Dickinson and Company </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">1,800</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left"></TD>
<TD STYLE="width: 12%; text-align: right">310,050</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Biogen Inc. <FONT STYLE="font-size: 11pt; vertical-align: bottom">*</FONT></P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">3,100</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">389,329</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Boston Scientific Corporation <FONT STYLE="font-size: 11pt; vertical-align: bottom">*</FONT></P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">56,600</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">6,079,406</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Bristol-Myers Squibb Company </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">155,100</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">7,179,579</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Centene Corporation <FONT STYLE="font-size: 11pt; vertical-align: bottom">*</FONT></P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">3,200</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">173,696</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Cigna Group (The) </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">11,600</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">3,834,728</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">CVS Health Corporation </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">17,300</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">1,193,354</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Danaher Corporation </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">64,000</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">12,642,560</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">DexCom, Inc. <FONT STYLE="font-size: 11pt; vertical-align: bottom">*</FONT></P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">13,000</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">1,134,770</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Elevance Health, Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">17,100</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">6,651,216</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Eli Lilly and Company </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">31,700</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">24,711,101</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Gilead Sciences, Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">62,900</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">6,973,723</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Humana Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">4,200</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">1,026,816</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Intuitive Surgical, Inc. <FONT STYLE="font-size: 11pt; vertical-align: bottom">*</FONT></P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">10,900</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">5,923,169</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">IQVIA Holdings Inc. <FONT STYLE="font-size: 11pt; vertical-align: bottom">*</FONT></P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">4,500</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">709,155</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Johnson &amp; Johnson </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">16,700</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">2,550,925</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">McKesson Corporation </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">5,200</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">3,810,456</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Medtronic plc </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">59,100</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">5,151,747</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Merck &amp; Co., Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">84,600</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">6,696,936</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Mettler-Toledo International Inc. <FONT STYLE="font-size: 11pt; vertical-align: bottom">*</FONT></P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">700</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">822,304</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Pfizer Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">292,500</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">7,090,200</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Regeneron Pharmaceuticals, Inc. <FONT STYLE="font-size: 11pt; vertical-align: bottom">*</FONT></P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">2,500</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">1,312,500</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Solventum Corporation <FONT STYLE="font-size: 11pt; vertical-align: bottom">*</FONT></P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">2,525</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">191,496</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Stryker Corporation </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">23,700</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">9,376,431</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Thermo Fisher Scientific Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">43,900</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">17,799,694</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">UnitedHealth Group Incorporated </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">40,500</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">12,634,785</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Vertex Pharmaceuticals Incorporated <FONT STYLE="font-size: 11pt; vertical-align: bottom">*</FONT></P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">25,400</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">11,308,080</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">186,311,921</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
</TABLE><P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: right; margin-left: 13.5pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt">See accompanying notes to financial statements.</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
<TD STYLE="vertical-align: top; width: 96%">&nbsp;</TD>
<TD STYLE="vertical-align: top; width: 4%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"><B>7</B></P></TD>
</TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; -->
<DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"></P></DIV>
<DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
<!-- Field: /Page -->
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="4" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
<TD STYLE="border-top: #000000 1pt solid; border-bottom: #000000 1pt solid; vertical-align: top; width: 100%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>Cornerstone Strategic Investment Fund, Inc.<BR>
Schedule of Investments &#8211; </B></FONT><FONT STYLE="font-variant: small-caps"><B>June 30, 2025 </B></FONT><FONT STYLE="font-variant: small-caps"><B>(Unaudited) </B></FONT><FONT STYLE="font-variant: small-caps"><B>(continued)</B></FONT></P></TD>
</TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR>
<TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Description</P></TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%">&nbsp;</TD>
<TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">No. of <BR>
Shares</P></TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%">&nbsp;</TD>
<TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Value</P></TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%">&nbsp;</TD>
</TR>
<TR>
<TD COLSPAN="9" STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 18pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>INDUSTRIALS &#8212; 7.93%</B></FONT></P></TD>
</TR>
<TR STYLE="background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">3M Company </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">9,600</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">$</TD>
<TD STYLE="width: 12%; text-align: right">1,461,504</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Automatic Data Processing, Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">13,600</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">4,194,240</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Boeing Company (The) <FONT STYLE="font-size: 11pt; vertical-align: bottom">*</FONT></P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">29,300</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">6,139,229</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Carrier Global Corporation </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">14,500</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">1,061,255</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Caterpillar Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">28,700</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">11,141,627</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Cintas Corporation </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">4,900</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">1,092,063</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">CSX Corporation </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">122,800</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">4,006,964</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Cummins Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">3,400</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">1,113,500</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Deere &amp; Company </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">25,300</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">12,864,797</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Eaton Corporation plc </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">25,300</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">9,031,847</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Emerson Electric Co. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">55,100</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">7,346,483</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">FedEx Corporation </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">5,800</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">1,318,398</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">GE Vernova Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">6,025</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">3,188,129</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">General Dynamics Corporation </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">16,400</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">4,783,224</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">General Electric Company </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">32,100</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">8,262,219</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Honeywell International Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">28,800</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">6,706,944</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Illinois Tool Works Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">36,300</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">8,975,175</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Johnson Controls International plc </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">3,800</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">401,356</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Lockheed Martin Corporation </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">8,500</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">3,936,690</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Norfolk Southern Corporation </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">16,500</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">4,223,505</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Northrop Grumman Corporation </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">2,100</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">1,049,958</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Old Dominion Freight Line, Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">2,900</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">470,670</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">PACCAR Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">29,400</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">2,794,764</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Parker-Hannifin Corporation </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">2,100</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">1,466,787</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Paychex, Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">7,300</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">1,061,858</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Republic Services, Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">2,700</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">665,847</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Rockwell Automation, Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">6,800</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">2,258,756</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">RTX Corporation </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">76,600</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">11,185,131</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Trane Technologies plc - Class A </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">6,200</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left"></TD>
<TD STYLE="width: 12%; text-align: right">2,711,942</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">TransDigm Group Incorporated </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">4,200</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">6,386,688</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Uber Technologies, Inc. <FONT STYLE="font-size: 11pt; vertical-align: bottom">*</FONT></P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">42,500</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">3,965,250</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Union Pacific Corporation </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">30,900</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">7,109,472</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">United Parcel Service, Inc. - Class B </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">24,600</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">2,483,124</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Veralto Corporation </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">9,966</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">1,006,068</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Waste Management, Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">27,200</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">6,223,904</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">152,089,368</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD COLSPAN="9" STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 18pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>INFORMATION TECHNOLOGY &#8212; 24.15%</B></FONT></P></TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Accenture plc - Class A </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">30,400</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">9,086,256</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Adobe Inc. <FONT STYLE="font-size: 11pt; vertical-align: bottom">*</FONT></P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">6,300</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">2,437,344</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Advanced Micro Devices, Inc. <FONT STYLE="font-size: 11pt; vertical-align: bottom">*</FONT></P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">73,100</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">10,372,890</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Analog Devices, Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">21,200</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">5,046,024</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Apple Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">509,200</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">104,472,564</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Applied Materials, Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">49,000</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">8,970,430</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Broadcom Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">107,300</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">29,577,245</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Cisco Systems, Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">130,400</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">9,047,152</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Intuit Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">8,700</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">6,852,381</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Micron Technology, Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">11,500</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">1,417,375</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Microsoft Corporation </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">233,600</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">116,194,976</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">NVIDIA Corporation </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">725,900</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">114,684,942</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Oracle Corporation </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">96,600</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">21,119,658</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">QUALCOMM Incorporated </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">16,000</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">2,548,160</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Salesforce, Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">46,800</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">12,761,892</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Synopsys, Inc. <FONT STYLE="font-size: 11pt; vertical-align: bottom">*</FONT></P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">4,900</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">2,512,132</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Texas Instruments Incorporated </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">29,900</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">6,207,838</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">463,309,259</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD COLSPAN="9" STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 18pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>MATERIALS &#8212; 0.67%</B></FONT></P></TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Air Products and Chemicals, Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">4,400</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">1,241,064</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Corteva, Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">13,700</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">1,021,061</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
</TABLE><P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 13.5pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt">See accompanying notes to financial statements.</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
<TD STYLE="vertical-align: top; width: 4%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"><B>8</B></P></TD>
<TD STYLE="vertical-align: top; width: 96%">&nbsp;</TD>
</TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; -->
<DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"></P></DIV>
<DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
<!-- Field: /Page -->
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="4" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
<TD STYLE="border-top: #000000 1pt solid; border-bottom: #000000 1pt solid; vertical-align: top; width: 100%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>Cornerstone Strategic Investment Fund, Inc.<BR>
Schedule of Investments &#8211; </B></FONT><FONT STYLE="font-variant: small-caps"><B>June 30, 2025 </B></FONT><FONT STYLE="font-variant: small-caps"><B>(Unaudited) </B></FONT><FONT STYLE="font-variant: small-caps"><B>(concluded)</B></FONT></P></TD>
</TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR>
<TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Description</P></TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%">&nbsp;</TD>
<TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">No. of <BR>
Shares</P></TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%">&nbsp;</TD>
<TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Value</P></TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%">&nbsp;</TD>
</TR>
<TR>
<TD COLSPAN="9" STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 18pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>MATERIALS (Continued)</B></FONT></P></TD>
</TR>
<TR STYLE="background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Ecolab Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">6,700</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">$</TD>
<TD STYLE="width: 12%; text-align: right">1,805,248</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Linde plc </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">14,300</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">6,709,274</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Nucor Corporation </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">3,600</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">466,344</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Sherwin-Williams Company (The) </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">4,500</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">1,545,120</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">12,788,111</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD COLSPAN="9" STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 18pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>REAL ESTATE &#8212; 0.56%</B></FONT></P></TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">American Tower Corporation - Class A </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">15,700</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">3,470,014</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">AvalonBay Communities, Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">2,600</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">529,100</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">CBRE Group, Inc. - Class A <FONT STYLE="font-size: 11pt; vertical-align: bottom">*</FONT></P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">11,600</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">1,625,392</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Equinix, Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">2,400</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">1,909,128</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Equity Residential </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">7,100</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">479,179</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Public Storage </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">4,300</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">1,261,706</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Realty Income Corporation </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">17,200</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">990,892</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">SBA Communications Corporation - Class A </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">2,200</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">516,648</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">10,782,059</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD COLSPAN="9" STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 18pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>UTILITIES &#8212; 1.67%</B></FONT></P></TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">American Electric Power Company, Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">7,800</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">809,328</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Constellation Energy Corporation </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">14,233</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">4,593,843</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Duke Energy Corporation </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">34,100</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">4,023,800</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Exelon Corporation </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">62,100</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">2,696,382</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">NextEra Energy, Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">222,300</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">15,432,066</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Sempra </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">31,500</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">2,386,755</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Southern Company </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">9,100</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">835,653</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">WEC Energy Group, Inc. </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">12,300</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">1,281,660</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">32,059,487</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD COLSPAN="5" STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 18pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>TOTAL COMMON STOCKS</B></FONT></P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">1,635,570,633</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD COLSPAN="9" STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 18pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>EXCHANGE-TRADED FUNDS &#8212; 7.61%</B></FONT></P></TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Energy Select Sector SPDR<SUP>&#174;</SUP> Fund (The) </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">72,800</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">6,174,168</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Health Care Select Sector SPDR<SUP>&#174;</SUP> Fund (The) </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">13,400</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left"></TD>
<TD STYLE="width: 12%; text-align: right">1,806,186</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Industrial Select Sector SPDR<SUP>&#174;</SUP> Fund (The) </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">272,000</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">40,125,440</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Materials Select Sector SPDR<SUP>&#174;</SUP> Fund (The) </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">197,400</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">17,333,694</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Real Estate Select Sector SPDR<SUP>&#174;</SUP> Fund (The) </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">514,100</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">21,294,022</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Technology Select Sector SPDR<SUP>&#174;</SUP> Fund (The) </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">219,700</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">55,634,631</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Vanguard Information Technology Index Fund ETF </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">5,600</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">3,714,368</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD COLSPAN="5" STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 18pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>TOTAL EXCHANGE-TRADED FUNDS</B></FONT></P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">146,082,509</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD COLSPAN="5" STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt"><FONT STYLE="font-variant: small-caps"><B>TOTAL EQUITY SECURITIES </B></FONT>(cost - $1,340,388,538)</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">1,908,182,010</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD COLSPAN="5" STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 9pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>SHORT-TERM INVESTMENT &#8212; 0.59%</B></FONT></P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD COLSPAN="5" STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 18pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>MONEY MARKET FUND &#8212; 0.59%</B></FONT></P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Fidelity Institutional Money Market Government Portfolio - Class I, 4.23% ^ (cost - $11,347,848)</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">11,347,848</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">11,347,848</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD COLSPAN="5" STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 9pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt"><FONT STYLE="font-variant: small-caps"><B>TOTAL INVESTMENTS &#8212; 100.04% </B></FONT>(cost - $1,351,736,386)</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">1,919,529,858</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD COLSPAN="5" STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 9pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>LIABILITIES IN EXCESS OF OTHER ASSETS &#8212; (0.04%)</B></FONT></P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">(722,874</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">)</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 9pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>NET ASSETS &#8212; 100.00%</B></FONT></P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 12%; text-align: right">1,918,806,984</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD>
</TR>
</TABLE><P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 3pt; margin-bottom: 3pt">
<DIV STYLE="border-top: Black 0.25pt solid; font-size: 1pt; width: 20%">&nbsp;</DIV>
</DIV><!-- Field: /Rule-Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 9pt">&#160;</TD>
<TD STYLE="width: 27pt; vertical-align: top; text-align: right">
<P STYLE="font: 11pt Times New Roman; text-align: left; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 11pt; vertical-align: bottom">*</FONT>	</P>
</TD>
<TD STYLE="vertical-align: top; text-align: left">
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">Non-income producing security.
</P>
</TD>
</TR>
</TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 9pt">&#160;</TD>
<TD STYLE="width: 27pt; vertical-align: top; text-align: right">
<P STYLE="font: 11pt Times New Roman; text-align: left; margin-top: 0pt; margin-bottom: 0pt">^	</P>
</TD>
<TD STYLE="vertical-align: top; text-align: left">
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">The rate shown is the 7-day effective yield as of June 30, 2025.
</P>
</TD>
</TR>
</TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 9pt">&#160;</TD>
<TD STYLE="width: 27pt; vertical-align: top; text-align: right">
<P STYLE="font: 11pt Times New Roman; text-align: left; margin-top: 0pt; margin-bottom: 0pt">ETF	</P>
</TD>
<TD STYLE="vertical-align: top; text-align: left">
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">Exchange-Traded Fund
</P>
</TD>
</TR>
</TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 9pt">&#160;</TD>
<TD STYLE="width: 27pt; vertical-align: top; text-align: right">
<P STYLE="font: 11pt Times New Roman; text-align: left; margin-top: 0pt; margin-bottom: 0pt">plc	</P>
</TD>
<TD STYLE="vertical-align: top; text-align: left">
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">Public Limited Company</P>
</TD>
</TR>
</TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: right; margin-left: 13.5pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt">See accompanying notes to financial statements.</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
<TD STYLE="vertical-align: top; width: 96%">&nbsp;</TD>
<TD STYLE="vertical-align: top; width: 4%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"><B>9</B></P></TD>
</TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; -->
<DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"></P></DIV>
<DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
<!-- Field: /Page -->
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="4" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
<TD STYLE="border-top: #000000 1pt solid; border-bottom: #000000 1pt solid; vertical-align: top; width: 100%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>Cornerstone Strategic Investment Fund, Inc.<BR>
</B></FONT><FONT STYLE="font-variant: small-caps"><B>Statement of Assets and Liabilities </B></FONT><FONT STYLE="font-variant: small-caps"><B>&#8211; June 30, 2025 </B></FONT><FONT STYLE="font-variant: small-caps"><B>(Unaudited)</B></FONT></P></TD>
</TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR>
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 13.5pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>ASSETS</B></FONT></P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 13.5pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt">Investments, at value (cost &#8211; $1,351,736,386) (Notes B and C)</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">$</TD>
<TD STYLE="width: 12%; text-align: right">1,919,529,858</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 13.5pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt">Receivables:</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt">Dividends</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">1,220,811</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 13.5pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt">Prepaid expenses</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">49,049</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 13.5pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt">Total Assets</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">1,920,799,718</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 13.5pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>LIABILITIES</B></FONT></P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 13.5pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt">Payables:</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt">Investment management fees (Note D)</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">1,532,322</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt">Administration and fund accounting fees (Note D)</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">120,171</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt">Directors&#8217; fees and expenses</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">87,651</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt">Other accrued expenses</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">252,590</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 13.5pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt">Total Liabilities</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">1,992,734</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 13.5pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt">NET ASSETS (applicable to 283,889,641 shares of common stock)</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 12%; text-align: right">1,918,806,984</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 13.5pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt">NET ASSET VALUE PER SHARE ($1,918,806,984 &#247; 283,889,641)</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 12%; text-align: right">6.76</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 13.5pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>NET ASSETS CONSISTS OF</B></FONT></P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 13.5pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt">Common stock, $0.001 par value; 283,889,641 shares issued and outstanding (800,000,000 shares authorized)</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">$</TD>
<TD STYLE="width: 12%; text-align: right">283,890</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 13.5pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt">Paid-in capital</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">1,350,842,681</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 13.5pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt">Accumulated earnings</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">567,680,413</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 13.5pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt">Net assets applicable to shares outstanding</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 12%; text-align: right">1,918,806,984</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD>
</TR>
</TABLE><P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 13.5pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt">See accompanying notes to financial statements.</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
<TD STYLE="vertical-align: top; width: 4%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"><B>10</B></P></TD>
<TD STYLE="vertical-align: top; width: 96%">&nbsp;</TD>
</TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; -->
<DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"></P></DIV>
<DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
<!-- Field: /Page -->
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="4" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
<TD STYLE="border-top: #000000 1pt solid; border-bottom: #000000 1pt solid; vertical-align: top; width: 100%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>Cornerstone Strategic Investment Fund, Inc.<BR>
</B></FONT><FONT STYLE="font-variant: small-caps"><B>Statement of Operations </B></FONT><FONT STYLE="font-variant: small-caps"><B>&#8211; for the Six Months Ended June 30, 2025 </B></FONT><FONT STYLE="font-variant: small-caps"><B>(Unaudited)</B></FONT></P></TD>
</TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR>
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 13.5pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>INVESTMENT INCOME</B></FONT></P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 13.5pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt">Income:</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt">Dividends (Net foreign withholding taxes on dividends)</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">14,935,920</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 13.5pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt">Expenses:</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt">Investment management fees (Note D)</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">8,446,421</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt">Administration and fund accounting fees (Note D)</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">346,132</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt">Directors&#8217; fees and expenses</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">183,989</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt">Printing</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">113,311</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt">Custodian fees</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">95,526</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt">Legal and audit fees</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">49,393</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt">Transfer agent fees</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">24,919</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt">Stock exchange listing fees</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">16,880</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt">Insurance</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">13,968</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt">Miscellaneous</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">24,222</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 40.5pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt">Total Expenses</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">9,314,761</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 13.5pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt">Net Investment Income</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">5,621,159</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 13.5pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>NET REALIZED AND UNREALIZED GAIN ON INVESTMENTS</B></FONT></P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 13.5pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt">Net realized gain from investments</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">58,158,596</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 13.5pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt">Long-term capital gain distributions from regulated investment companies</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">40,502</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 13.5pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt">Net change in unrealized appreciation/(depreciation) in value of investments</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">44,997,410</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 13.5pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt">Net realized and unrealized gain on investments</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">103,196,508</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 13.5pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt">NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 12%; text-align: right">108,817,667</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD>
</TR>
</TABLE><P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: right; margin-left: 13.5pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt">See accompanying notes to financial statements.</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
<TD STYLE="vertical-align: top; width: 96%">&nbsp;</TD>
<TD STYLE="vertical-align: top; width: 4%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"><B>11</B></P></TD>
</TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; -->
<DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"></P></DIV>
<DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
<!-- Field: /Page -->
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="4" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
<TD STYLE="border-top: #000000 1pt solid; border-bottom: #000000 1pt solid; vertical-align: top; width: 100%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>Cornerstone Strategic Investment Fund, Inc.<BR>
</B></FONT><FONT STYLE="font-variant: small-caps"><B>Statements of Changes in Net Assets</B></FONT></P></TD>
</TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR>
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="border-bottom: #000000 1pt solid; vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">For the Six <BR>
Months Ended <BR>
June 30, 2025 <BR>
(Unaudited)</P></TD>
<TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="border-bottom: #000000 1pt solid; vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">For the <BR>
Year Ended <BR>
December 31, <BR>
2024</P></TD>
<TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 13.5pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>INCREASE IN NET ASSETS</B></FONT></P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 13.5pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt">Operations:</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt">Net investment income</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">$</TD>
<TD STYLE="width: 12%; text-align: right">5,621,159</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">$</TD>
<TD STYLE="width: 12%; text-align: right">5,871,833</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt">Net realized gain from investments</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">58,199,098</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">116,354,800</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt">Net change in unrealized appreciation/(depreciation) in value of investments</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">44,997,410</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">251,974,330</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 40.5pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt">Net increase in net assets resulting from operations</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">108,817,667</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">374,200,963</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 13.5pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt">Distributions to stockholders (Note B):</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt">From earnings</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">(63,806,508</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">)</TD>
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">(120,825,925</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">)</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt">Return-of-capital</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">(124,511,225</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">)</TD>
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">(192,374,807</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">)</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 40.5pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt">Total distributions to stockholders</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">(188,317,733</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">)</TD>
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">(313,200,732</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">)</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 13.5pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt">Common stock transactions:</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt">Proceeds from rights offering of 26,164,941 and 0 shares of newly issued common stock, respectively</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">191,004,069</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&#8212;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt">Offering expenses associated with rights offering</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">(635,913</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">)</TD>
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&#8212;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt">Proceeds from 9,323,735 and 14,921,848 shares newly issued in reinvestment of dividends and distributions, respectively</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">61,714,164</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">105,032,122</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 40.5pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt">Net increase in net assets from common stock transactions</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">252,082,320</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">105,032,122</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 54pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt">Total increase in net assets</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">172,582,254</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">166,032,353</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 13.5pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>NET ASSETS</B></FONT></P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 13.5pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt">Beginning of period</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">1,746,224,730</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">1,580,192,377</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 13.5pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt">End of period</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 12%; text-align: right">1,918,806,984</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD>
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 12%; text-align: right">1,746,224,730</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD>
</TR>
</TABLE><P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 13.5pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt">See accompanying notes to financial statements.</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
<TD STYLE="vertical-align: top; width: 4%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"><B>12</B></P></TD>
<TD STYLE="vertical-align: top; width: 96%">&nbsp;</TD>
</TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; -->
<DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"></P></DIV>
<DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
<!-- Field: /Page -->
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="4" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
<TD STYLE="border-top: #000000 1pt solid; border-bottom: #000000 1pt solid; vertical-align: top; width: 100%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>Cornerstone Strategic Investment Fund, Inc.<BR>
</B></FONT><FONT STYLE="font-variant: small-caps"><B>Financial Highlights</B></FONT></P></TD>
</TR>
<TR>
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: top; width: 100%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Contained below is per share operating performance data for a share of common stock outstanding, total investment return, ratios to average net assets and other supplemental data for each period indicated. This information has been derived from information provided in the financial statements and market price data for the Fund&#8217;s shares.</P></TD>
</TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR>
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">For the Six <BR>
Months <BR>
Ended <BR>
June 30, <BR>
2025</P></TD>
<TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
<TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
<TD COLSPAN="18" STYLE="border-bottom: #000000 1pt solid; vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">For the Years Ended December 31,</P></TD>
<TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
</TR>
<TR>
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="border-bottom: #000000 1pt solid; vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">(Unaudited)</P></TD>
<TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
<TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="border-bottom: #000000 1pt solid; vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">2024</P></TD>
<TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
<TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="border-bottom: #000000 1pt solid; vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">2023</P></TD>
<TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
<TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="border-bottom: #000000 1pt solid; vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">2022</P></TD>
<TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
<TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="border-bottom: #000000 1pt solid; vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">2021</P></TD>
<TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
<TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="border-bottom: #000000 1pt solid; vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">2020</P></TD>
<TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 9pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>PER SHARE OPERATING PERFORMANCE</B></FONT></P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 9pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Net asset value, beginning of period</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 9%; text-align: right">7.03</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 9%; text-align: right">6.77</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 9%; text-align: right">6.48</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 9%; text-align: right">10.23</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 9%; text-align: right">9.93</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 9%; text-align: right">10.80</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 9pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Net investment income #</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">0.02</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">0.02</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">0.03</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">0.02</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">0.01</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">0.05</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 9pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Net realized and unrealized gain/(loss) on investments</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 9%; text-align: right">0.37</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 9%; text-align: right">1.54</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 9%; text-align: right">1.74</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 9%; text-align: right">(2.20</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">)</TD>
<TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 9%; text-align: right">1.86</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 9%; text-align: right">1.31</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 9pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Net increase/(decrease) in net assets resulting from operations</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 9%; text-align: right">0.39</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 9%; text-align: right">1.56</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 9%; text-align: right">1.77</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 9%; text-align: right">(2.18</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">)</TD>
<TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 9%; text-align: right">1.87</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 9%; text-align: right">1.36</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 9pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Dividends and distributions to stockholders:</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 18pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Net investment income</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">(0.02</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">)</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">(0.02</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">)</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">(0.03</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">)</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">(0.03</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">)</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">(0.01</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">)</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">(0.05</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">)</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 18pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Net realized capital gains</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">(0.23</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">)</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">(0.48</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">)</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">(0.53</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">)</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">(0.22</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">)</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">(0.92</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">)</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">(0.78</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">)</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 18pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Return-of-capital</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 9%; text-align: right">(0.49</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">)</TD>
<TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 9%; text-align: right">(0.80</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">)</TD>
<TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 9%; text-align: right">(0.92</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">)</TD>
<TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 9%; text-align: right">(1.91</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">)</TD>
<TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 9%; text-align: right">(0.99</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">)</TD>
<TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 9%; text-align: right">(1.40</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">)</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 18pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Total dividends and distributions to stockholders</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 9%; text-align: right">(0.74</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">)</TD>
<TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 9%; text-align: right">(1.30</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">)</TD>
<TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 9%; text-align: right">(1.48</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">)</TD>
<TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 9%; text-align: right">(2.16</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">)</TD>
<TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 9%; text-align: right">(1.92</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">)</TD>
<TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 9%; text-align: right">(2.23</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">)</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 9pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Common stock transactions:</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 18pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Anti-dilutive effect due to shares issued:</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Rights offering</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">0.08</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">&#8212;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">&#8212;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">0.59</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">0.35</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">&#8212;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Reinvestment of dividends and distributions</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">0.00</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left"><SUP>+</SUP>&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">0.00</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left"><SUP>+</SUP>&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">0.00</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left"><SUP>+</SUP>&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">0.00</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left"><SUP>+</SUP>&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">0.00</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left"><SUP>+</SUP>&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">0.00</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left"><SUP>+</SUP>&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 27pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Common stock repurchases</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 9%; text-align: right">&#8212;</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 9%; text-align: right">&#8212;</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 9%; text-align: right">&#8212;</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 9%; text-align: right">&#8212;</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 9%; text-align: right">&#8212;</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 9%; text-align: right">0.00</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left"><SUP>+</SUP>&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 18pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Total common stock transactions</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 9%; text-align: right">0.08</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 9%; text-align: right">0.00</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left"><SUP>+</SUP>&nbsp;</TD>
<TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 9%; text-align: right">0.00</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left"><SUP>+</SUP>&nbsp;</TD>
<TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 9%; text-align: right">0.59</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 9%; text-align: right">0.35</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 9%; text-align: right">0.00</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left"><SUP>+</SUP>&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 9pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Net asset value, end of period</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 9%; text-align: right">6.76</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%; padding-bottom: 2.5pt">&nbsp;</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 9%; text-align: right">7.03</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%; padding-bottom: 2.5pt">&nbsp;</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 9%; text-align: right">6.77</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%; padding-bottom: 2.5pt">&nbsp;</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 9%; text-align: right">6.48</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%; padding-bottom: 2.5pt">&nbsp;</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 9%; text-align: right">10.23</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%; padding-bottom: 2.5pt">&nbsp;</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 9%; text-align: right">9.93</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 9pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Market value, end of period</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 9%; text-align: right">8.12</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%; padding-bottom: 2.5pt">&nbsp;</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 9%; text-align: right">8.59</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%; padding-bottom: 2.5pt">&nbsp;</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 9%; text-align: right">7.19</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%; padding-bottom: 2.5pt">&nbsp;</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 9%; text-align: right">7.37</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%; padding-bottom: 2.5pt">&nbsp;</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 9%; text-align: right">14.29</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%; padding-bottom: 2.5pt">&nbsp;</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 9%; text-align: right">11.73</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 9pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Total investment return <SUP>(a)</SUP></P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 9%; text-align: right">5.52</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 2.5pt; text-align: left">%<SUP>(b)</SUP></TD>
<TD STYLE="width: 1%; padding-bottom: 2.5pt">&nbsp;</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 9%; text-align: right">43.57</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 2.5pt; text-align: left">%</TD>
<TD STYLE="width: 1%; padding-bottom: 2.5pt">&nbsp;</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 9%; text-align: right">21.40</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 2.5pt; text-align: left">%</TD>
<TD STYLE="width: 1%; padding-bottom: 2.5pt">&nbsp;</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 9%; text-align: right">(32.21</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 2.5pt; text-align: left">)%</TD>
<TD STYLE="width: 1%; padding-bottom: 2.5pt">&nbsp;</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 9%; text-align: right">47.04</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 2.5pt; text-align: left">%</TD>
<TD STYLE="width: 1%; padding-bottom: 2.5pt">&nbsp;</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 9%; text-align: right">31.58</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 2.5pt; text-align: left">%</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 9pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>RATIOS/SUPPLEMENTAL DATA</B></FONT></P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 9pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Net assets, end of period (000 omitted)</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">$</TD>
<TD STYLE="width: 9%; text-align: right">1,918,807</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">$</TD>
<TD STYLE="width: 9%; text-align: right">1,746,225</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">$</TD>
<TD STYLE="width: 9%; text-align: right">1,580,192</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">$</TD>
<TD STYLE="width: 9%; text-align: right">1,400,340</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">$</TD>
<TD STYLE="width: 9%; text-align: right">1,227,371</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">$</TD>
<TD STYLE="width: 9%; text-align: right">769,031</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 9pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Ratio of net expenses to average net assets <SUP>(c)</SUP></P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">1.10</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">%<SUP>(d)</SUP></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">1.10</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">%</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">1.11</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">%</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">1.11</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">%</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">1.12</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">%</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">1.14</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">%</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 9pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Ratio of net investment income to average net assets <SUP>(e)</SUP></P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">0.67</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">%<SUP>(d)</SUP></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">0.35</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">%</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">0.38</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">%</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">0.31</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">%</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">0.14</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">%</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 9%; text-align: right">0.47</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">%</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="border-bottom: #000000 1pt solid; border-bottom-color: Black; border-bottom-style: solid; border-bottom-width: 1pt; vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 9pt; text-indent: -9pt; margin-bottom: 0pt; margin-top: 0pt">Portfolio turnover rate</P></TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 9%; text-align: right">13</TD>
<TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; width: 1%; text-align: left">%<SUP>(b)</SUP></TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 9%; text-align: right">22</TD>
<TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; width: 1%; text-align: left">%</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 9%; text-align: right">46</TD>
<TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; width: 1%; text-align: left">%</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 9%; text-align: right">39</TD>
<TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; width: 1%; text-align: left">%</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 9%; text-align: right">72</TD>
<TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; width: 1%; text-align: left">%</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 9%; text-align: right">95</TD>
<TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; width: 1%; text-align: left">%</TD>
</TR>
</TABLE><P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 9pt">&#160;</TD>
<TD STYLE="width: 13.5pt; vertical-align: top; text-align: right">
<P STYLE="font: 11pt Times New Roman; text-align: left; margin-top: 0pt; margin-bottom: 0pt">#	</P>
</TD>
<TD STYLE="vertical-align: top; text-align: left">
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">Based on average shares outstanding.
</P>
</TD>
</TR>
</TABLE>


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 9pt">&#160;</TD>
<TD STYLE="width: 13.5pt; vertical-align: top; text-align: right">
<P STYLE="font: 11pt Times New Roman; text-align: left; margin-top: 0pt; margin-bottom: 0pt">+	</P>
</TD>
<TD STYLE="vertical-align: top; text-align: left">
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">Amount rounds to less than $0.01 per share.
</P>
</TD>
</TR>
</TABLE>


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 9pt">&#160;</TD>
<TD STYLE="width: 13.5pt; vertical-align: top; text-align: right">
<P STYLE="font: 11pt Times New Roman; text-align: left; margin-top: 0pt; margin-bottom: 0pt"><SUP>(a)</SUP></P>
</TD>
<TD STYLE="vertical-align: top; text-align: left">
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">	Total investment return at market value is based on the changes in market price of a share during the period and assumes reinvestment of dividends and distributions, if any, at actual prices pursuant to the Fund&#8217;s dividend reinvestment plan. Total investment return does not reflect brokerage commissions.
</P>
</TD>
</TR>
</TABLE>


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 9pt">&#160;</TD>
<TD STYLE="width: 13.5pt; vertical-align: top; text-align: right">
<P STYLE="font: 11pt Times New Roman; text-align: left; margin-top: 0pt; margin-bottom: 0pt"><SUP>(b)</SUP></P>
</TD>
<TD STYLE="vertical-align: top; text-align: left">
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">	Not annualized.
</P>
</TD>
</TR>
</TABLE>


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 9pt">&#160;</TD>
<TD STYLE="width: 13.5pt; vertical-align: top; text-align: right">
<P STYLE="font: 11pt Times New Roman; text-align: left; margin-top: 0pt; margin-bottom: 0pt"><SUP>(c)</SUP></P>
</TD>
<TD STYLE="vertical-align: top; text-align: left">
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">	Expenses do not include expenses of investment companies in which the Fund invests.
</P>
</TD>
</TR>
</TABLE>


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 9pt">&#160;</TD>
<TD STYLE="width: 13.5pt; vertical-align: top; text-align: right">
<P STYLE="font: 11pt Times New Roman; text-align: left; margin-top: 0pt; margin-bottom: 0pt"><SUP>(d)</SUP></P>
</TD>
<TD STYLE="vertical-align: top; text-align: left">
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">	Annualized.
</P>
</TD>
</TR>
</TABLE>


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 9pt">&#160;</TD>
<TD STYLE="width: 13.5pt; vertical-align: top; text-align: right">
<P STYLE="font: 11pt Times New Roman; text-align: left; margin-top: 0pt; margin-bottom: 0pt"><SUP>(e)</SUP></P>
</TD>
<TD STYLE="vertical-align: top; text-align: left">
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">	Recognition of net investment income by the Fund may be affected by the timing of the declaration of dividends, if any, by investment companies in which the Fund invests.
</P>
</TD>
</TR>
</TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: right; margin-left: 13.5pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt">See accompanying notes to financial statements.</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
<TD STYLE="vertical-align: top; width: 96%">&nbsp;</TD>
<TD STYLE="vertical-align: top; width: 4%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"><B>13</B></P></TD>
</TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; -->
<DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"></P></DIV>
<DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
<!-- Field: /Page -->
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="4" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
<TD STYLE="border-top: #000000 1pt solid; border-bottom: #000000 1pt solid; vertical-align: top; width: 100%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>Cornerstone Strategic Investment Fund, Inc.<BR>
</B></FONT><FONT STYLE="font-variant: small-caps"><B>Notes to Financial Statements </B></FONT><FONT STYLE="font-variant: small-caps"><B>(Unaudited)</B></FONT></P></TD>
</TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>NOTE A. ORGANIZATION
</B></FONT></P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Cornerstone Strategic Investment Fund, Inc. (formerly Cornerstone Strategic Value Fund, Inc.) (the &#8220;Fund&#8221; or &#8220;CLM&#8221;) was incorporated in Maryland on May 1, 1987 and commenced investment operations on June 30, 1987. Effective December 6, 2024, the Fund changed its name from Cornerstone Strategic Value Fund, Inc. to Cornerstone Strategic Investment Fund, Inc. Its investment objective is to seek long-term capital appreciation through investment primarily in equity securities of U.S. and non-U.S. companies. The Fund is registered under the Investment Company Act of 1940, as amended (the &#8220;1940 Act&#8221;), as a closed-end, diversified management investment company. As an investment company, the Fund follows the accounting and reporting guidance of the Financial Accounting Standards Board (&#8220;FASB&#8221;) Accounting Standards Codification Topic 946, &#8220;Financial Services&#8211;Investment Companies.&#8221;
</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">The Fund has adopted FASB Accounting Standards Update 2023-07, Segment Reporting (&#8220;Topic 280&#8221;) - Improvements to Reportable Segment Disclosures (&#8220;ASU 2023-07&#8221;). Adoption of ASU 2023-07 impacted financial statement disclosures only and did not affect the Fund&#8217;s financial position or the results of its operations. An operating segment is defined in Topic 280 as a component of a public entity that engages in business activities from which it may recognize revenues and incur expenses, has operating results that are regularly reviewed by the public entity&#8217;s chief operating decision maker (&#8220;CODM&#8221;) to make decisions about resources to be allocated to the segment and assess its performance, and has discrete financial information available. The CODM is Cornerstone Advisors, LLC (the &#8220;Investment Manager&#8221; or &#8220; Cornerstone&#8221;). The Fund operates as a single operating segment. The Fund&#8217;s income, expenses, assets, changes in net assets resulting from operations and performance are regularly monitored and assessed as a whole by the CODM responsible for oversight functions of the Fund, using the information presented in the financial statements and financial highlights.
</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>NOTE B. SIGNIFICANT ACCOUNTING POLICIES
</B></FONT></P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"><I><B>New Accounting Pronouncement:</B></I><FONT STYLE="font-weight: normal; font-style: normal"> In December 2023, the FASB issued Accounting Standards Update 2023-09 (&#8220;ASU 2023-09&#8221;), Income Taxes (&#8220;Topic 740&#8221;) Improvements to Income Tax Disclosures, which amends quantitative and qualitative income tax disclosure requirements in order to increase disclosure consistency, bifurcate income tax information by jurisdiction and remove information that is no longer beneficial. ASU 2023-09 is effective for annual periods beginning after December 15, 2024, and early adoption is permitted. Fund Management is evaluating the impacts of these changes on the Fund&#8217;s financial statements.
</FONT></P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"><I><B>Management Estimates:</B></I><FONT STYLE="font-weight: normal; font-style: normal"> The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (&#8220;GAAP&#8221;) requires management to make certain estimates and assumptions that may affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of increase (decrease) in net assets from operations during the reporting period. Actual results could differ from those estimates.
</FONT></P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"><I><B>Subsequent Events:</B></I><FONT STYLE="font-weight: normal; font-style: normal"> The Fund has evaluated the need for additional disclosures and/or adjustments resulting from subsequent events through the date its financial statements were issued. Based on this evaluation, no additional disclosures or adjustments were required to such financial statements.
</FONT></P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"><I><B>Portfolio Valuation:</B></I><FONT STYLE="font-weight: normal; font-style: normal"> Investments are stated at value in the accompanying financial statements. Readily marketable portfolio securities listed on the New York Stock Exchange (&#8220;NYSE&#8221;) are valued, except as indicated below, at the last sale price reflected on the consolidated tape at the close of the NYSE on the business day as of which such value is being determined. If there has been no sale on such day, the securities are valued at the mean of the closing bid and asked prices on such day. If no bid or asked prices are quoted on such day or if market prices may be unreliable because of </FONT></P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
<TD STYLE="vertical-align: top; width: 4%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"><B>14</B></P></TD>
<TD STYLE="vertical-align: top; width: 96%">&nbsp;</TD>
</TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<!-- Field: Page; -->
<DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"></P></DIV>
<DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
<!-- Field: /Page -->

<TABLE CELLSPACING="0" CELLPADDING="4" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
<TD STYLE="border-top: #000000 1pt solid; border-bottom: #000000 1pt solid; vertical-align: top; width: 100%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>Cornerstone Strategic Investment Fund, Inc.<BR>
Notes to Financial Statements</B></FONT><FONT STYLE="font-variant: small-caps"><B> (Unaudited) (continued)</B></FONT></P></TD>
</TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">events occurring after the close of trading, then the security is valued by such method as the Investment Manager, as the Fund&#8217;s Valuation Designee, shall determine in good faith to reflect its fair market value. Readily marketable securities not listed on the NYSE but listed on other domestic or foreign securities exchanges are valued in a like manner. Portfolio securities traded on more than one securities exchange are valued at the last sale price on the business day as of which such value is being determined as reflected on the consolidated tape at the close of the exchange representing the principal market for such securities. Securities trading on the Nasdaq Stock Market, Inc. (&#8220;NASDAQ&#8221;) are valued at the NASDAQ Official Closing Price.
</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Readily marketable securities traded in the over-the counter market, including listed securities whose primary market is believed by the Investment Manager, as the Fund&#8217;s Valuation Designee, to be over-the-counter, are valued at the mean of the current bid and asked prices as reported by the NASDAQ or, in the case of securities not reported by the NASDAQ or a comparable source, as the Investment Manager, as the Fund&#8217;s Valuation Designee, deems appropriate to reflect their fair market value. Where securities are traded on more than one exchange and also over-the-counter, the securities will generally be valued using the quotations the Investment Manager, as the Fund&#8217;s Valuation Designee, believes reflect most closely the value of such securities. At June 30, 2025, the Fund held no securities valued in good faith by the Investment Manager, as the Fund&#8217;s Valuation Designee.
</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">The net asset value per share of the Fund is calculated weekly and on the last business day of the month with the exception of those days on which the NYSE is closed.
</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">The Fund is exposed to financial market risks, including the valuations of its investment portfolio. During the six months ended June 30, 2025, the Fund did not invest in derivative instruments or engage in hedging activities.
</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"><I><B>Investment Transactions and Investment Income: </B></I><FONT STYLE="font-weight: normal; font-style: normal">Investment transactions are accounted for on the trade date. The cost of investments sold is determined by use of the specific identification method for both financial reporting and income tax purposes. Interest income is recorded on an accrual basis; dividend income is recorded on the ex-dividend date.
</FONT></P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">The Fund holds certain investments which pay distributions to their stockholders based upon available funds from operations. It is possible for these dividends to exceed the underlying investments&#8217; taxable earnings and profits resulting in the excess portion of such dividends being designated as a return of capital. Distributions received from investments in securities that represent a return of capital or long-term capital gains are treated as a reduction of the cost of investments or as a realized gain, respectively.
</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"><I><B>Taxes: </B></I><FONT STYLE="font-weight: normal; font-style: normal">No provision is made for U.S. federal income or excise taxes as it is the Fund&#8217;s intention to continue to qualify as a regulated investment company and to make the requisite distributions to its stockholders which will be sufficient to relieve it from all or substantially all U.S. federal income and excise taxes.
</FONT></P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">The Accounting for Uncertainty in Income Taxes Topic of the FASB Accounting Standards Codification defines the threshold for recognizing the benefits of tax-return positions in the financial statements as &#8220;more-likely-than-not&#8221; to be sustained by the taxing authority and requires measurement of a tax position meeting the more-likely-than-not criterion, based on the largest benefit that is more than 50 percent likely to be realized. The Fund&#8217;s policy is to classify interest and penalties associated with underpayment of federal and state income taxes, if any, as income tax expense on its Statement of Operations. As of June 30, 2025, the Fund does not have any interest or penalties associated with the under-payment of any income taxes. Management reviewed any uncertain </P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
<TD STYLE="vertical-align: top; width: 96%">&nbsp;</TD>
<TD STYLE="vertical-align: top; width: 4%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"><B>15</B></P></TD>
</TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<!-- Field: Page; -->
<DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"></P></DIV>
<DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
<!-- Field: /Page -->

<TABLE CELLSPACING="0" CELLPADDING="4" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
<TD STYLE="border-top: #000000 1pt solid; border-bottom: #000000 1pt solid; vertical-align: top; width: 100%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>Cornerstone Strategic Investment Fund, Inc.<BR>
Notes to Financial Statements</B></FONT><FONT STYLE="font-variant: small-caps"><B> (Unaudited) (continued)</B></FONT></P></TD>
</TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">tax positions for open tax years 2022 through 2024, and for the six months ended June 30, 2025. There was no material impact to the financial statements.
</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"><I><B>Distributions to Stockholders:</B></I><FONT STYLE="font-weight: normal; font-style: normal"> Effective June 25, 2002, the Fund initiated a fixed, monthly distribution to stockholders. On November 29, 2006, this distribution policy was updated to provide for the annual resetting of the monthly distribution amount per share based on the Fund&#8217;s net asset value on the last business day in each October. The terms of the distribution policy will be reviewed and approved at least annually by the Fund&#8217;s Board of Directors and can be modified at their discretion. To the extent that these distributions exceed the current earnings of the Fund, the balance will be generated from sales of portfolio securities held by the Fund, which will either be short-term or long- term capital gains or a tax-free return-of-capital. To the extent these distributions are not represented by net investment income and capital gains, they will not represent yield or investment return on the Fund&#8217;s investment portfolio. The Fund plans to maintain this distribution policy even if regulatory requirements would make part of a return-of-capital, necessary to maintain the distribution, taxable to stockholders and to disclose that portion of the distribution that is classified as ordinary income. Although it has no current intention to do so, the Board may terminate this distribution policy at any time and such termination may have an adverse effect on the market price for the Fund&#8217;s common shares. The Fund determines annually whether to distribute any net realized long-term capital gains in excess of net realized short-term capital losses, including capital loss carryovers, if any. To the extent that the Fund&#8217;s taxable income in any calendar year exceeds the aggregate amount distributed pursuant to this distribution policy, an additional distribution may be made to avoid the payment of a 4% U.S. federal excise tax, and to the extent that the aggregate amount distributed in any calendar year exceeds the Fund&#8217;s taxable income, the amount of that excess may constitute a return-of-capital for tax purposes. A return-of-capital distribution reduces the cost basis of an investor&#8217;s shares in the Fund. Dividends and distributions to stockholders are recorded by the Fund on the ex-dividend date.
</FONT></P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>NOTE C. FAIR VALUE
</B></FONT></P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">As required by the Fair Value Measurement and Disclosures Topic of the FASB Accounting Standards Codification, the Fund has performed an analysis of all assets and liabilities measured at fair value to determine the significance and character of all inputs to their fair value determination.
</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">The fair value hierarchy prioritizes the inputs to valuation techniques used to measure fair value into the following three broad categories:
</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 9pt">&#160;</TD>
<TD STYLE="width: 13.5pt; vertical-align: top; text-align: right">
<P STYLE="font: 11pt Times New Roman; text-align: left; margin-top: 0pt; margin-bottom: 0pt">&#9679;	</P>
</TD>
<TD STYLE="vertical-align: top; text-align: left">
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">Level 1 &#8211; quoted unadjusted prices for identical instruments in active markets to which the Fund has access at the date of measurement.
</P>
</TD>
</TR>
</TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 9pt">&#160;</TD>
<TD STYLE="width: 13.5pt; vertical-align: top; text-align: right">
<P STYLE="font: 11pt Times New Roman; text-align: left; margin-top: 0pt; margin-bottom: 0pt">&#9679;	</P>
</TD>
<TD STYLE="vertical-align: top; text-align: left">
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">Level 2 &#8211; quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets. Level 2 inputs are those in markets for which there are few transactions, the prices are not current, little public information exists or instances where prices vary substantially over time or among brokered market makers.
</P>
</TD>
</TR>
</TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 9pt">&#160;</TD>
<TD STYLE="width: 13.5pt; vertical-align: top; text-align: right">
<P STYLE="font: 11pt Times New Roman; text-align: left; margin-top: 0pt; margin-bottom: 0pt">&#9679;	</P>
</TD>
<TD STYLE="vertical-align: top; text-align: left">
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">Level 3 &#8211; model derived valuations in which one or more significant inputs or significant value drivers are unobservable. Unobservable inputs are those inputs that reflect the Fund&#8217;s own assumptions that market participants would use to price the asset or liability based on the best available information.
</P>
</TD>
</TR>
</TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
<TD STYLE="vertical-align: top; width: 4%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"><B>16</B></P></TD>
<TD STYLE="vertical-align: top; width: 96%">&nbsp;</TD>
</TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<!-- Field: Page; -->
<DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"></P></DIV>
<DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
<!-- Field: /Page -->

<TABLE CELLSPACING="0" CELLPADDING="4" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
<TD STYLE="border-top: #000000 1pt solid; border-bottom: #000000 1pt solid; vertical-align: top; width: 100%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>Cornerstone Strategic Investment Fund, Inc.<BR>
Notes to Financial Statements</B></FONT><FONT STYLE="font-variant: small-caps"><B> (Unaudited) (continued)</B></FONT></P></TD>
</TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">At the August 2, 2024 meeting of the Board of Directors, the Board approved updated Valuation and Fair Pricing Policies and Procedures. The Board designated the Investment Manager as the Valuation Designee (the &#8220;Valuation Designee&#8221;), pursuant to Rule 2a-5 under the 1940 Act, and in turn the Investment Manager established a pricing/ valuation committee to assume the day-to-day fair value responsibilities of the Fund, as necessary. Securities or other assets that are not publicly traded or for which a market price is not otherwise readily available will be valued at a price that reflects such security&#8217;s fair value, as determined by the Valulation Designee. In making such fair value determinations, the Valulation Designee is required to consider all appropriate factors relevant to the value of securities for which other pricing sources are not available or reliable as described above. No single method exists for determining fair value, because fair value depends upon the circumstances of each individual case. As a general principle, the current fair value of a security being valued by the Valulation Designee would be the amount that the Fund might reasonably expect to receive upon the current sale. Methods that are in accordance with this principle may, for example, be based on (i) a multiple of earnings; (ii) a discount from market prices of a similar freely traded security (including a derivative security or a basket of securities traded on other markets, exchanges or among dealers); or (iii) yield to maturity with respect to debit issues, or a combination of these and other methods. Fair-value pricing is permitted if, in the Valuation Designee&#8217;s opinion, the validity of market quotations appears to be questionable based on factors such as evidence of a thin market in the security based on a small number of quotations, a significant event occurs after the close of a market but before the Fund&#8217;s NAV calculation that may affect a security&#8217;s value, or the Valuation Designee is aware of any other data that calls into question the reliability of market quotations.
</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">The following is a summary of the Fund&#8217;s investments and the inputs used as of June 30, 2025, in valuing the investments carried at value:
</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR>
<TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"><B>Valuation Inputs</B></P></TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%">&nbsp;</TD>
<TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"><B>Investments<BR>
 in Securities</B></P></TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%">&nbsp;</TD>
<TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"><B>Other <BR>
Financial <BR>
Instruments<FONT STYLE="font-size: 11pt; vertical-align: bottom">*</FONT></B></P></TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 4.5pt; text-indent: -4.5pt; margin-bottom: 0pt; margin-top: 0pt">Level 1 &#8211; Quoted Prices</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 9pt; text-indent: -4.5pt; margin-bottom: 0pt; margin-top: 0pt">Equity Securities</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">$</TD>
<TD STYLE="width: 12%; text-align: right">1,908,182,010</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">$</TD>
<TD STYLE="width: 12%; text-align: right">&#8212;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 9pt; text-indent: -4.5pt; margin-bottom: 0pt; margin-top: 0pt">Short-Term Investment</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">11,347,848</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&#8212;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 4.5pt; text-indent: -4.5pt; margin-bottom: 0pt; margin-top: 0pt">Level 2 &#8211; Other Significant Observable Inputs</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&#8212;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">&#8212;</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 4.5pt; text-indent: -4.5pt; margin-bottom: 0pt; margin-top: 0pt">Level 3 &#8211; Significant Unobservable Inputs</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">&#8212;</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">&#8212;</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 4.5pt; text-indent: -4.5pt; margin-bottom: 0pt; margin-top: 0pt">Total</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 12%; text-align: right">1,919,529,858</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%; padding-bottom: 2.5pt">&nbsp;</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 12%; text-align: right">&#8212;</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD>
</TR>
</TABLE><P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 3pt; margin-bottom: 3pt">
<DIV STYLE="border-top: Black 0.25pt solid; font-size: 1pt; width: 20%">&nbsp;</DIV>
</DIV><!-- Field: /Rule-Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 9pt; vertical-align: top; text-align: right">
<P STYLE="font: 11pt Times New Roman; text-align: left; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 11pt; vertical-align: bottom">*</FONT>	</P>
</TD>
<TD STYLE="vertical-align: top; text-align: left">
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">Other financial instruments include futures, forwards and swap contracts, if any.
</P>
</TD>
</TR>
</TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">The breakdown of the Fund&#8217;s investments into major categories is disclosed in its Schedule of Investments.
</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">The Fund did not have any assets or liabilities that were measured at fair value on a recurring basis using significant unobservable inputs (Level 3) at June 30, 2025.
</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>NOTE D. AGREEMENTS WITH AFFILIATES
</B></FONT></P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">At June 30, 2025, certain officers of the Fund are also officers of Cornerstone or Ultimus Fund Solutions, LLC (&#8220;Ultimus&#8221;). Such officers are paid no fees by the Fund for serving as officers of the Fund.
</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"><I>Investment Management Agreement
</I></P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Cornerstone serves as the Fund&#8217;s Investment Manager with respect to all investments. As compensation for its investment management services, Cornerstone receives from the Fund an annual fee, calculated weekly and paid monthly, equal to 1.00% of the Fund&#8217;s average weekly net assets. For the six months ended June 30, 2025, Cornerstone earned $8,446,421 for investment management services.
</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
<TD STYLE="vertical-align: top; width: 96%">&nbsp;</TD>
<TD STYLE="vertical-align: top; width: 4%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"><B>17</B></P></TD>
</TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<!-- Field: Page; -->
<DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"></P></DIV>
<DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
<!-- Field: /Page -->

<TABLE CELLSPACING="0" CELLPADDING="4" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
<TD STYLE="border-top: #000000 1pt solid; border-bottom: #000000 1pt solid; vertical-align: top; width: 100%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>Cornerstone Strategic Investment Fund, Inc.<BR>
Notes to Financial Statements</B></FONT><FONT STYLE="font-variant: small-caps"><B> (Unaudited) (concluded)</B></FONT></P></TD>
</TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"><I>Fund Accounting and Administration Agreement
</I></P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Under the fund accounting and administration agreement with the Fund, Ultimus is responsible for generally managing the administrative affairs of the Fund, including supervising the preparation of reports to stockholders, reports to and filing with the Securities and Exchange Commission (&#8220;SEC&#8221;) and materials for meetings of the Board.
</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Ultimus is also responsible for calculating the net asset value per share and maintaining the financial books and records of the Fund. Ultimus is entitled to receive a fee in accordance with the agreements. For the six months ended June 30, 2025, Ultimus earned $346,132 as fund accounting agent and administrator.
</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>NOTE E. INVESTMENT IN SECURITIES
</B></FONT></P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">For the six months ended June 30, 2025, purchases and sales of securities, other than short-term investments, were $288,030,979 and $219,244,965, respectively.
</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>NOTE F. SHARES OF COMMON STOCK
</B></FONT></P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">The Fund has 800,000,000 shares of common stock authorized and 283,889,641 shares issued and outstanding at June 30, 2025. Transactions in common stock for the six months ended June 30, 2025, were as follows:
</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 4.5pt; text-indent: -4.5pt; margin-bottom: 0pt; margin-top: 0pt">Shares at beginning of period</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">248,400,965</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 4.5pt; text-indent: -4.5pt; margin-bottom: 0pt; margin-top: 0pt">Shares newly issued from rights offering</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">26,164,941</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 4.5pt; text-indent: -4.5pt; margin-bottom: 0pt; margin-top: 0pt">Shares issued in reinvestment of dividends and distributions</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">9,323,735</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 4.5pt; text-indent: -4.5pt; margin-bottom: 0pt; margin-top: 0pt">Shares at end of period</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 12%; text-align: right">283,889,641</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD>
</TR>
</TABLE><P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>NOTE G. FEDERAL INCOME TAXES
</B></FONT></P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Income and capital gains distributions are determined in accordance with federal income tax regulations, which may differ from GAAP. These differences are primarily due to differing treatments of losses deferred due to wash sales.
</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">The tax character of dividends and distributions paid to stockholders during the periods ended June 30, 2025 and December 31, 2024 was as follows:
</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR>
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="border-bottom: #000000 1pt solid; vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"><B>June 30, <BR>
2025</B></P></TD>
<TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
<TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="border-bottom: #000000 1pt solid; vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"><B>December 31, <BR>
2024</B></P></TD>
<TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 4.5pt; text-indent: -4.5pt; margin-bottom: 0pt; margin-top: 0pt">Ordinary Income</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">$</TD>
<TD STYLE="width: 12%; text-align: right">5,621,159</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">$</TD>
<TD STYLE="width: 12%; text-align: right">34,177,537</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 4.5pt; text-indent: -4.5pt; margin-bottom: 0pt; margin-top: 0pt">Long-Term Capital Gains</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">58,185,349</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="width: 12%; text-align: right">86,648,388</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 4.5pt; text-indent: -4.5pt; margin-bottom: 0pt; margin-top: 0pt">Return-of-Capital</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">124,511,225</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">192,374,807</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 4.5pt; text-indent: -4.5pt; margin-bottom: 0pt; margin-top: 0pt">Total Distributions</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 12%; text-align: right">188,317,733</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD>
<TD STYLE="width: 1%; padding-bottom: 2.5pt">&nbsp;</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 12%; text-align: right">313,200,732</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD>
</TR>
</TABLE><P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">At December 31, 2024, the components of accumulated earnings on a tax basis for the Fund were as follows:
</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 4.5pt; text-indent: -4.5pt; margin-bottom: 0pt; margin-top: 0pt">Net unrealized appreciation</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">522,669,254</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 4.5pt; text-indent: -4.5pt; margin-bottom: 0pt; margin-top: 0pt">Total accumulated earnings</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 12%; text-align: right">522,669,254</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD>
</TR>
</TABLE><P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">The following information is computed on a tax basis for each item as of June 30, 2025:
</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 4.5pt; text-indent: -4.5pt; margin-bottom: 0pt; margin-top: 0pt">Cost of portfolio investments</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 12%; text-align: right">1,351,849,446</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 4.5pt; text-indent: -4.5pt; margin-bottom: 0pt; margin-top: 0pt">Gross unrealized appreciation</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="width: 1%; text-align: left">$</TD>
<TD STYLE="width: 12%; text-align: right">609,699,439</TD>
<TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: Gainsboro">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 4.5pt; text-indent: -4.5pt; margin-bottom: 0pt; margin-top: 0pt">Gross unrealized depreciation </P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 12%; text-align: right">(42,019,027</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">)</TD>
</TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="vertical-align: bottom"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 4.5pt; text-indent: -4.5pt; margin-bottom: 0pt; margin-top: 0pt">Net unrealized appreciation</P></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</TD>
<TD STYLE="border-bottom: Black 2.5pt double; width: 12%; text-align: right">567,680,412</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD>
</TR>
</TABLE><P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
<TD STYLE="vertical-align: top; width: 4%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"><B>18</B></P></TD>
<TD STYLE="vertical-align: top; width: 96%">&nbsp;</TD>
</TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<!-- Field: Page; -->
<DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"></P></DIV>
<DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
<!-- Field: /Page -->
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>Results of Annual Meeting of Stockholders </B></FONT><FONT STYLE="font-variant: small-caps"><B>(unaudited)</B></FONT></P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">On April 8, 2025, the Annual Meeting of Stockholders of the Fund was held and the following matter was voted upon based on 249,755,204 shares of common stock outstanding on the record date of February 14, 2025:
</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 22.5pt; text-indent: -13.5pt; margin-bottom: 0pt; margin-top: 0pt">(1) To approve the election of four Directors to hold office until the year 2028 Annual Meeting of Stockholders.
</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="2" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: bottom; width: 38%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"><B>Name of <BR>
Director</B></P></TD>
<TD STYLE="vertical-align: bottom; width: 5%">&nbsp;</TD>
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: bottom; width: 26%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"><B>For</B></P></TD>
<TD STYLE="vertical-align: bottom; width: 5%">&nbsp;</TD>
<TD STYLE="border-bottom: #000000 1pt solid; vertical-align: bottom; width: 26%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"><B>Withheld</B></P></TD>
</TR>
<TR STYLE="background-color: Gainsboro">
<TD STYLE="vertical-align: bottom; width: 38%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Joshua G. Bradshaw </P></TD>
<TD STYLE="vertical-align: bottom; width: 5%">&nbsp;</TD>
<TD STYLE="vertical-align: bottom; width: 26%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">150,250,313</P></TD>
<TD STYLE="vertical-align: bottom; width: 5%">&nbsp;</TD>
<TD STYLE="vertical-align: bottom; width: 26%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">6,481,117</P></TD>
</TR>
<TR STYLE="background-color: White">
<TD STYLE="vertical-align: bottom; width: 38%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Peter K. Greer</P></TD>
<TD STYLE="vertical-align: bottom; width: 5%">&nbsp;</TD>
<TD STYLE="vertical-align: bottom; width: 26%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">150,058,697</P></TD>
<TD STYLE="vertical-align: bottom; width: 5%">&nbsp;</TD>
<TD STYLE="vertical-align: bottom; width: 26%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">6,672,733</P></TD>
</TR>
<TR STYLE="background-color: Gainsboro">
<TD STYLE="vertical-align: bottom; width: 38%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Frank J. Maresca</P></TD>
<TD STYLE="vertical-align: bottom; width: 5%">&nbsp;</TD>
<TD STYLE="vertical-align: bottom; width: 26%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">150,143,062</P></TD>
<TD STYLE="vertical-align: bottom; width: 5%">&nbsp;</TD>
<TD STYLE="vertical-align: bottom; width: 26%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">6,588,368</P></TD>
</TR>
<TR STYLE="background-color: White">
<TD STYLE="vertical-align: bottom; width: 38%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Andrew A. Strauss</P></TD>
<TD STYLE="vertical-align: bottom; width: 5%">&nbsp;</TD>
<TD STYLE="vertical-align: bottom; width: 26%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">150,042,739</P></TD>
<TD STYLE="vertical-align: bottom; width: 5%">&nbsp;</TD>
<TD STYLE="vertical-align: bottom; width: 26%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">6,688,691</P></TD>
</TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
<TD STYLE="vertical-align: top; width: 96%">&nbsp;</TD>
<TD STYLE="vertical-align: top; width: 4%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"><B>19</B></P></TD>
</TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<!-- Field: Page; -->
<DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"></P></DIV>
<DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
<!-- Field: /Page -->
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>Investment Management Agreement Approval Disclosure </B></FONT><FONT STYLE="font-variant: small-caps"><B>(unaudited)</B></FONT></P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">The Board of Directors (the &#8220;Board&#8221;) of Cornerstone Strategic Investment Fund, Inc. (the &#8220;Fund&#8221;), including those members of the Board who are not &#8220;interested persons,&#8221; as such term is defined by the 1940 Act (the &#8220;Independent Directors&#8221;), considers the approval of the continuation of the Investment Management Agreement (the &#8220;Agreement&#8221;) between Cornerstone Advisors, LLC (the &#8220;Investment Manager&#8221;) and the Fund on an annual basis. The most recent approval of the continuation of the Agreement occurred at an in-person meeting of the Board held on February 7, 2025.
</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">The Board requested and received extensive materials and information from the Investment Manager to assist them in considering the approval of the continuance of the Agreement. Based on the Board&#8217;s review of the materials and information as well as discussions with management of the Investment Manager, the Board determined that the approval of the continuation of the Agreement was consistent with the best interests of the Fund and its stockholders. The Board decided that the continuation of the Agreement would enable the Fund to continue to receive high quality services at a cost that is appropriate, reasonable, and in the best interests of the Fund and its stockholders. The Board made these determinations on the basis of the following factors, among others: (1) the nature, extent, and quality of the services provided by the Investment Manager; (2) the cost to the Investment Manager for providing such services, with special attention to the Investment Manager&#8217;s profitability (and whether the Investment Manager realizes any economies of scale); (3) the direct and indirect benefits received by the Investment Manager from its relationship with the Fund and the other investment companies advised by the Investment Manager; and (4) comparative information as to the management fees, expense ratios and performance of other similarly situated closed-end investment companies.
</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">In response to a questionnaire distributed by Fund counsel to the Investment Manager in accordance with Section 15(c) of the 1940 Act the Investment Manager provided certain information to the independent members of the Board in advance of the meeting held on February 7, 2025. The materials provided by the Investment Manager described the services provided by the Investment Manager to the Fund and included an overview of the Investment Manager&#8217;s investment philosophy, management style and plan, including the Investment Manager&#8217;s extensive knowledge and experience in the closed-end fund industry and with respect to the use of managed distribution plans. The Board noted that the Investment Manager provides quarterly reviews of the performance of the Fund and the Investment Manager&#8217;s services for the Fund. The Board also discussed the experience and knowledge of the Investment Manager with respect to managing the Fund&#8217;s monthly distribution program. The Board discussed the Investment Manager&#8217;s robust compliance program as well as the Investment Manager&#8217;s role in monitoring the performance of the Fund&#8217;s service providers. Additionally, the Board discussed the Investment Manager&#8217;s succession planning, staffing and disaster recovery planning.
</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">The Board also reviewed and discussed a comparison of the Fund&#8217;s performance for the one-year, three-year, five-year, ten-year and since inception periods ending December 31, 2024 with the performance of comparable closed-end funds for the same periods and a comparison of the Fund&#8217;s expense ratios and management fees with those of comparable funds. Additionally, the Investment Manager presented an analysis of its profitability based on its contractual relationship with the Fund and the other investment companies advised by the Investment Manager.
</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">The Board carefully evaluated this information, taking into consideration many factors including the overall high quality of the personnel, operations, financial condition, investment management capabilities, methodologies, and performance of the Investment Manager. The Independent Directors met in executive session to discuss the information provided and was advised by independent legal counsel with respect to their deliberations and their duties when considering the Agreement&#8217;s continuance. Based on their review of the information requested and provided, the Independent Directors </P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
<TD STYLE="vertical-align: top; width: 4%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"><B>20</B></P></TD>
<TD STYLE="vertical-align: top; width: 96%">&nbsp;</TD>
</TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<!-- Field: Page; -->
<DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"></P></DIV>
<DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
<!-- Field: /Page -->
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>Investment Management Agreement Approval Disclosure </B></FONT><FONT STYLE="font-variant: small-caps"><B>(unaudited)<BR>
(concluded)</B></FONT></P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">concluded that: (i) the Investment Manager should continue to provide a high-caliber quality of service to the Fund for the benefit of its stockholders; (ii) the Fund&#8217;s performance was satisfactory; (iii) the Fund&#8217;s management fee charged by the Investment Manager under the Agreement was not unreasonable; and (iv) the Investment Manager&#8217;s estimated profitability with respect to the Fund was not excessive. The Independent Directors concluded that the Fund&#8217;s fee structure was not unreasonable and that the renewal of the Agreement with respect to the Fund was in the best interests of its stockholders. In considering the Agreement&#8217;s renewal, the Independent Directors considered a variety of factors, including those discussed above, and also considered other factors (including conditions and trends prevailing generally in the economy and the securities markets). The Independent Directors did not identify any one factor as determinative, and each Independent Director may have weighed each factor differently. The Independent Directors&#8217; noted that their conclusions may be based in part on the Board&#8217;s ongoing regular review of the Fund&#8217;s performance and operations throughout the year. Accordingly, in light of the above considerations and such other factors and information it considered relevant, the Board by a unanimous vote (including a separate vote of the Independent Directors) approved the continuance of the Agreement with respect to the Fund.
</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
<TD STYLE="vertical-align: top; width: 96%">&nbsp;</TD>
<TD STYLE="vertical-align: top; width: 4%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"><B>21</B></P></TD>
</TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<!-- Field: Page; -->
<DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"></P></DIV>
<DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
<!-- Field: /Page -->
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>Description of Dividend Reinvestment Plan </B></FONT><FONT STYLE="font-variant: small-caps"><B>(unaudited)</B></FONT></P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Cornerstone Strategic Investment Fund, Inc. (formerly Cornerstone Strategic Value Fund, Inc.) (the &#8220;Fund&#8221;) operates a Dividend Reinvestment Plan (the &#8220;Plan&#8221;), administered by Equiniti Trust Company, LLC (the &#8220;Agent&#8221;), pursuant to which the Fund&#8217;s income dividends or capital gains or other distributions (each, a &#8220;Distribution&#8221; and collectively, &#8220;Distributions&#8221;), net of any applicable U.S. withholding tax, are reinvested in shares of the Fund.
</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Stockholders automatically participate in the Fund&#8217;s Plan, unless and until an election is made to withdraw from the Plan on behalf of such participating stockholder. Stockholders who do not wish to have Distributions automatically reinvested should so notify the Agent at 28 Liberty Street, 53rd Floor, New York, NY 10005. Under the Plan, the Fund&#8217;s Distributions to stockholders are reinvested in full and fractional shares as described below.
</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">When the Fund declares a Distribution the Agent, on the stockholder&#8217;s behalf, will (i) receive additional authorized shares from the Fund either newly issued or repurchased from stockholders by the Fund and held as treasury stock (&#8220;Newly Issued Shares&#8221;) or (ii) purchase outstanding shares on the open market, on the NYSE American or elsewhere, with cash allocated to it by the Fund (&#8220;Open Market Purchases&#8221;).
</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">The method for determining the number of Newly Issued Shares received when Distributions are reinvested will be determined by dividing the amount of the Distribution either by the Fund&#8217;s last reported net asset value per share or by a price equal to the average closing price of the Fund over the five trading days preceding the payment date of the Distribution, whichever is lower. However, if the last reported net asset value of the Fund&#8217;s shares is higher than the average closing price of the Fund over the five trading days preceding the payment date of the Distribution (i.e., the Fund is selling at a discount), shares may be acquired by the Agent in Open Market Purchases and allocated to the reinvesting stockholders based on the average cost of such Open Market Purchases. Upon notice from the Fund, the Agent will receive the Distribution in cash and will purchase shares of common stock in the open market, on the NYSE American or elsewhere, for the participants&#8217; accounts, except that the Agent will endeavor to terminate purchases in the open market and cause the Fund to issue the remaining shares if, following the commencement of the purchases, the market value of the shares, including brokerage commissions, exceeds the net asset value at the time of valuation. These remaining shares will be issued by the Fund at a price equal to the net asset value at the time of valuation.
</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">In a case where the Agent has terminated open market purchases and caused the issuance of remaining shares by the Fund, the number of shares received by the participant in respect of the cash dividend or Distribution will be based on the weighted average of prices paid for shares purchased in the open market, including brokerage commissions, and the price at which the Fund issues the remaining shares. To the extent that the Agent is unable to terminate purchases in the open market before the Agent has completed its purchases, or remaining shares cannot be issued by the Fund because the Fund declared a dividend or Distribution payable only in cash, and the market price exceeds the net asset value of the shares, the average share purchase price paid by the Agent may exceed the net asset value of the shares, resulting in the acquisition of fewer shares than if the dividend or Distribution had been paid in shares issued by the Fund.
</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Whenever the Fund declares a Distribution and the last reported net asset value of the Fund&#8217;s shares is higher than its market price, the Agent will apply the amount of such Distribution payable to Plan participants of the Fund in Fund shares (less such Plan participant&#8217;s pro rata share of brokerage commissions incurred with respect to Open Market Purchases in connection with the reinvestment of such Distribution) to the purchase on the open market of Fund shares for such Plan participant&#8217;s account. Such purchases will be made on or after the payable date for such Distribution, and in no event more than 30 days after such date except where </P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
<TD STYLE="vertical-align: top; width: 4%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"><B>22</B></P></TD>
<TD STYLE="vertical-align: top; width: 96%">&nbsp;</TD>
</TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<!-- Field: Page; -->
<DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"></P></DIV>
<DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
<!-- Field: /Page -->
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>Description of Dividend Reinvestment Plan </B></FONT><FONT STYLE="font-variant: small-caps"><B>(unaudited) (concluded)</B></FONT></P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">temporary curtailment or suspension of purchase is necessary to comply with applicable provisions of federal securities laws. The Agent may aggregate a Plan participant&#8217;s purchases with the purchases of other Plan participants, and the average price (including brokerage commissions) of all shares purchased by the Agent shall be the price per share allocable to each Plan participant.
</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Registered stockholders who do not wish to have their Distributions automatically reinvested should so notify the Fund in writing. If a stockholder has not elected to receive cash Distributions and the Agent does not receive notice of an election to receive cash Distributions prior to the record date of any Distribution, the stockholder will automatically receive such Distributions in additional shares.
</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Participants in the Plan may withdraw from the Plan by providing written notice to the Agent at least 30 days prior to the applicable Distribution payment date. The Agent will maintain all stockholder accounts in the Plan and furnish written confirmations of all transactions in the accounts, including information needed by stockholders for personal and tax records. The Agent will hold shares in the account of the Plan participant in non-certificated form in the name of the participant, and each stockholder&#8217;s proxy will include those shares purchased pursuant to the Plan. The Agent will distribute all proxy solicitation materials to participating stockholders.
</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">In the case of stockholders, such as banks, brokers or nominees, that hold shares for others who are beneficial owners participating in the Plan, the Agent will administer the Plan on the basis of the number of shares certified from time to time by the record stockholder as representing the total amount of shares registered in the stockholder&#8217;s name and held for the account of beneficial owners participating in the Plan.
</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Neither the Agent nor the Fund shall have any responsibility or liability beyond the exercise of ordinary care for any action taken or omitted pursuant to the Plan, nor shall they have any duties, responsibilities or liabilities except such as expressly set forth herein. Neither shall they be liable hereunder for any act done in good faith or for any good faith omissions to act, including, without limitation, failure to terminate a participants account prior to receipt of written notice of his or her death or with respect to prices at which shares are purchased or sold for the participants account and the terms on which such purchases and sales are made, subject to applicable provisions of the federal securities laws.
</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">The automatic reinvestment of Distributions will not relieve participants of any federal, state or local income tax that may be payable (or required to be withheld) on such Distributions. The Fund reserves the right to amend or terminate the Plan. There is no direct service charge to participants with regard to purchases in the Plan.
</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Participants may at any time sell some or all of their shares though the Agent. Shares may be sold via the internet at <U>www.equiniti.com</U> or through the Agent&#8217;s toll-free number, (866) 668-6558. Participants can also use the tear off portion attached to the bottom of their statement and mail the request to Equiniti Trust Company, LLC, 28 Liberty Street, 53rd Floor, New York, NY 10005. There is a commission of $0.05 per share.
</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">All correspondence concerning the Plan should be directed to Equiniti Trust Company, LLC, 28 Liberty Street, 53rd Floor, New York, NY 10005. Certain transactions can be performed online at <U>www.equiniti.com</U> or by calling the toll-free number (866) 668-6558.
</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
<TD STYLE="vertical-align: top; width: 96%">&nbsp;</TD>
<TD STYLE="vertical-align: top; width: 4%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"><B>23</B></P></TD>
</TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<!-- Field: Page; -->
<DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"></P></DIV>
<DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
<!-- Field: /Page -->
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>Proxy Voting and Portfolio Holdings Information </B></FONT><FONT STYLE="font-variant: small-caps"><B>(unaudited)</B></FONT></P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">The policies and procedures that the Fund uses to determine how to vote proxies relating to its portfolio securities are available:
</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 9pt">&#160;</TD>
<TD STYLE="width: 13.5pt; vertical-align: top; text-align: right">
<P STYLE="font: 11pt Times New Roman; text-align: left; margin-top: 0pt; margin-bottom: 0pt">&#9679;	</P>
</TD>
<TD STYLE="vertical-align: top; text-align: left">
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">without charge, upon request, by calling toll-free (866) 668-6558; and
</P>
</TD>
</TR>
</TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 9pt">&#160;</TD>
<TD STYLE="width: 13.5pt; vertical-align: top; text-align: right">
<P STYLE="font: 11pt Times New Roman; text-align: left; margin-top: 0pt; margin-bottom: 0pt">&#9679;	</P>
</TD>
<TD STYLE="vertical-align: top; text-align: left">
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">on the website of the SEC, <U>www.sec.gov</U>.
</P>
</TD>
</TR>
</TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Information regarding how the Fund voted proxies relating to portfolio securities during the most recent 12-month period ended June 30 is available without charge, upon request, by calling toll-free (866) 668-6558, and on the SEC&#8217;s website at <U>www.sec.gov</U> or on the Fund&#8217;s website at <U>www.cornerstonestrategicinvestmentfund.com</U> (See Form N-PX).
</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">The Fund files a complete schedule of its portfolio holdings for the first and third quarters of its fiscal year with the SEC as an exhibit to Form N-PORT. The Fund&#8217;s Form N-PORT is available on the SEC&#8217;s website at <U>www.sec.gov</U>.
</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>Summary of General Information </B></FONT><FONT STYLE="font-variant: small-caps"><B>(unaudited)</B></FONT><FONT STYLE="font-variant: small-caps"><B>
</B></FONT></P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Cornerstone Strategic Investment Fund, Inc. (formerly Cornerstone Strategic Value Fund, Inc.) is a closed- end, diversified investment company whose shares trade on the NYSE American. Its investment objective is to seek capital appreciation with current income as a secondary objective. The Fund is managed by Cornerstone Advisors, LLC.
</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>Stockholder Information </B></FONT><FONT STYLE="font-variant: small-caps"><B>(unaudited)</B></FONT><FONT STYLE="font-variant: small-caps"><B>
</B></FONT></P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">The Fund is listed on the NYSE American (symbol &#8220;CLM&#8221;). The previous week&#8217;s net asset value per share, market price, and related premium or discount are available on the Fund&#8217;s website at <U>www.cornerstonestrategicinvestmentfund.com</U>.
</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="4" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
<TD STYLE="border-top: #000000 1pt solid; border-bottom: #000000 1pt solid; vertical-align: top; width: 100%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"><I>Notice is hereby given in accordance with Section 23(c) of the Investment Company Act of 1940, as amended, that Cornerstone Strategic Investment Fund, Inc. may from time to time purchase shares of its common stock in the open market.</I></P></TD>
</TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="4" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
<TD STYLE="border-top: #000000 1pt solid; border-bottom: #000000 1pt solid; vertical-align: top; width: 100%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"><I>This report, including the financial statements herein, is sent to the stockholders of the Fund for their information. The financial information included herein is taken from the records of the Fund without examination by the independent registered public accountants who do not express an opinion thereon. It is not a prospectus, circular or representation intended for use in the purchase or sale of shares of the Fund or of any securities mentioned in the report.</I></P></TD>
</TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
<TD STYLE="vertical-align: top; width: 4%"><P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"><B>24</B></P></TD>
<TD STYLE="vertical-align: top; width: 96%">&nbsp;</TD>
</TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<!-- Field: Page; -->
<DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"></P></DIV>
<DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
<!-- Field: /Page -->
<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">This page intentionally left blank.</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<!-- Field: Page; -->
<DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"></P></DIV>
<DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
<!-- Field: /Page -->
<P STYLE="font: 14pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt; font-variant: small-caps"><FONT STYLE="font-variant: small-caps"><B>C</B></FONT><FONT STYLE="font-size: 11pt"><FONT STYLE="font-variant: small-caps"><B>ornerstone</B></FONT></FONT><FONT STYLE="font-variant: small-caps"><B> S</B></FONT><FONT STYLE="font-size: 11pt"><FONT STYLE="font-variant: small-caps"><B>trategic</B></FONT></FONT><FONT STYLE="font-variant: small-caps"><B> I</B></FONT><FONT STYLE="font-size: 11pt"><FONT STYLE="font-variant: small-caps"><B>nvestment</B></FONT></FONT><FONT STYLE="font-variant: small-caps"><B> F</B></FONT><FONT STYLE="font-size: 11pt"><FONT STYLE="font-variant: small-caps"><B>und, Inc.</B></FONT></FONT></P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<!-- Field: Page; -->
<DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"></P></DIV>
<DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
<!-- Field: /Page -->


<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(b)</TD><TD>Not applicable</TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-indent: -0.75in"> <B>Item 2.</B> <B>Code of Ethics.</B></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Not required</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-indent: -0.75in"> <B>Item 3.</B> <B>Audit Committee Financial Expert.</B></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Not required</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><B></B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-indent: -0.75in"> <B>Item 4. </B> <B>Principal Accountant Fees and Services.</B></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Not required</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-indent: -0.75in"> <B>Item 5.</B> <B>Audit Committee of Listed Registrants.</B></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">Not applicable</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-indent: -0.75in"> <B>Item 6.</B> <B>Investments.</B></P>


<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">(a) The Registrant(s) schedule(s) of investments is included in the
Financial Statements under Item 1 of this form.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.75in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.75in">(b) Not applicable</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.75in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-indent: -0.75in"> <B>Item 7.</B> <B>Financial Statements and Financial Highlights for Open-End Management Investment Companies</B></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.75in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.75in">Not applicable</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.75in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-indent: -0.75in"> <B>Item 8.</B> <B>Changes in and Disagreements with Accountants for Open-End Management Investment Companies.</B></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.75in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.75in">Not applicable</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.75in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-indent: -0.75in"> <B>Item 9.</B> <B>Proxy Disclosures for Open-End Management Investment Companies.</B></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.75in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.75in">Not applicable</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.75in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.75in"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-indent: -0.75in"> <B>Item 10. </B> <B>Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.</B></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.75in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.75in">Not applicable</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.75in"><B></B></P>

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify"><B></B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.75in"><B></B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-indent: -0.75in"> <B>Item 11.</B> <B>Statement Regarding Basis for Approval of Investment Advisory Contract.</B></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.75in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.75in">Included under
Item 1</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-indent: -0.75in"> <B>Item 12.</B> <B>Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.</B></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-indent: -0.75in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-indent: -0.75in">Not applicable</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-indent: -0.75in"> <B>Item 13.</B> <B>Portfolio Managers of Closed-End Management Investment Companies.</B></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-indent: -0.75in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-indent: -0.75in">Not applicable</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-indent: -0.75in"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-indent: -0.75in"><B>Item 14. Purchases of Equity Securities
by Closed-End Management Investment Company and Affiliated Purchasers.</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-indent: -0.75in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-indent: -0.75in">Not applicable</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-indent: -0.75in"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-indent: -0.75in"><B>Item 15. Submission of Matters
to a Vote of Security Holders.</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">There have been no material changes to the procedures
by which shareholders may recommend nominees to the registrant's board of directors that have been implemented after the registrant last
provided disclosure in response to the requirements of Item 407(c)(2)(iv) of Regulation S-K (17 CFR 229.407) or this Item.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 16. Controls and Procedures.</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">(a) Based on their evaluation of the registrant&rsquo;s
disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) as of a date within 90 days
of the filing date of this report, the registrant&rsquo;s principal executive officer and principal financial officer have concluded that
such disclosure controls and procedures are reasonably designed and are operating effectively to ensure that material information relating
to the registrant, including its consolidated subsidiaries, is made known to them by others within those entities, particularly during
the period in which this report is being prepared, and that the information required in filings on Form N-CSR is recorded, processed,
summarized, and reported on a timely basis.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">(b) There were no changes in the registrant&rsquo;s
internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during
the period covered by this report that have materially affected, or are reasonably likely to materially affect, the registrant&rsquo;s
internal control over financial reporting.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 17. Disclosure of Securities Lending Activities for Closed-End
Management Investment Companies. </B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">This Registrant does not engage in securities lending activities.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.75in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.75in"><B>Item 18. Recovery
of Erroneously Awarded Compensation.</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.75in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.75in">(a) Not applicable&#9;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.75in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.75in">(b) Not applicable</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><B></B></P>

<!-- Field: Page; Sequence: 3 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><B></B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><B></B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 19. Exhibits.</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">(a)(1) Not required</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">(a)(2) Not applicable</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">(a)(3) A separate certification for each principle executive officer
and principle financial officer of the registrant as required by Rule 30a-2(a) under the Act (17 CRF 270.30a-2(a)): Attached hereto</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">(a)(4) Not applicable</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">(a)(5) Not applicable</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">(b) Certifications required by Rule 30a-2(b) under the Act (17 CFR
207.30a-2(b)): Attached hereto</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="4" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top; background-color: Gainsboro">
    <TD STYLE="width: 18%; text-align: left; font-size: 11pt"><A HREF="fp0094393-3_ex99cert.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Exhibit 99.CERT</FONT></A></TD>
    <TD STYLE="width: 82%; text-align: left; font-size: 11pt"><A HREF="fp0094393-3_ex99cert.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Certifications
required by Rule 30a-2(a) under the Act</FONT></A></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: left; font-size: 11pt"><A HREF="fp0094393-3_ex99906cert.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Exhibit 99.906CERT</FONT></A></TD>
    <TD STYLE="text-align: left; font-size: 11pt"><A HREF="fp0094393-3_ex99906cert.htm" STYLE="-sec-extract: exhibit">Certifications required by Rule 30a-2(b) under the Act</A></TD></TR>
  </TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"></P>


<!-- Field: Page; Sequence: 4 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Pursuant to the requirements of the Securities
Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">(Registrant)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 35%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Cornerstone Strategic Investment Fund, Inc.</FONT></TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 40%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 15%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">By (Signature and Title)*&nbsp;&nbsp;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">/s/ Ralph W. Bradshaw</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">Ralph W. Bradshaw, Chairman and President</P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">(Principal Executive Officer)</P></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Date</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">August 26, 2025</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="5" STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">By (Signature and Title)*</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">/s/ Ralph W. Bradshaw</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">Ralph W. Bradshaw, Chairman and President</P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">(Principal Executive Officer)</P></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Date</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">August 26, 2025</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">By (Signature and Title)*</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">/s/ Brian J. Lutes</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Brian J. Lutes, Treasurer and Principal Financial Officer</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Date</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">August 26, 2025</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>&nbsp;</SUP></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><SUP>*</SUP></TD><TD STYLE="text-align: justify">Print the name and title of each signing officer under his or
her signature.</TD>
</TR></TABLE>


<!-- Field: Page; Sequence: 5; Options: Last -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.CERT
<SEQUENCE>2
<FILENAME>fp0094393-3_ex99cert.htm
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">EX-99.CERT</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>CERTIFICATIONS</U></B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">I, Ralph W. Bradshaw, certify that:</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">1.&nbsp;&nbsp;I
have reviewed this report on Form N-CSR of Cornerstone Strategic Investment
Fund, Inc.;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.&nbsp;&nbsp;Based
on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make
the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered
by this report;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">3.&nbsp;&nbsp;Based
on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects
the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include
a statement of cash flows) of the registrant as of, and for, the periods presented in this report;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">4.&nbsp;&nbsp;The
registrant&rsquo;s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures
(as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule
30a-3(d) under the Investment Company Act of 1940) for the registrant and have:</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: 0.25in">(a) Designed such
disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure
that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those
entities, particularly during the period in which this report is being prepared;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: 0.25in">(b) Designed such
internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision,
to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external
purposes in accordance with generally accepted accounting principles;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: 0.25in">(c) Evaluated the
effectiveness of the registrant&rsquo;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness
of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation;
and</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: 0.25in">(d) Disclosed in
this report any change in the registrant&rsquo;s internal control over financial reporting that occurred during the period covered by
this report that has materially affected, or is reasonably likely to materially affect, the registrant&rsquo;s internal control over financial
reporting; and</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">5.&nbsp;&nbsp;The
registrant&rsquo;s other certifying officer(s) and I have disclosed to the registrant&rsquo;s auditors and the audit committee of the
registrant&rsquo;s board of directors (or persons performing the equivalent functions):</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: 0.25in">(a) All significant
deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely
to adversely affect the registrant&rsquo;s ability to record, process, summarize, and report financial information; and</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: 0.25in">(b) Any fraud,
whether or not material, that involves management or other employees who have a significant role in the registrant&rsquo;s internal control
over financial reporting.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 40%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Date: August 26, 2025</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 40%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">/s/ Ralph W. Bradshaw</FONT></TD>
    <TD STYLE="width: 20%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Ralph W. Bradshaw, Chairman and President</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">(Principal Executive Officer)</FONT></TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>CERTIFICATIONS</U></B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">I, Brian J. Lutes, certify that:</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">1.&nbsp;&nbsp;I
have reviewed this report on Form N-CSR of Cornerstone Strategic Investment
Fund, Inc.;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.&nbsp;&nbsp;Based
on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make
the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered
by this report;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">3.&nbsp;&nbsp;Based
on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects
the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include
a statement of cash flows) of the registrant as of, and for, the periods presented in this report;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">4.&nbsp;&nbsp;The
registrant&rsquo;s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures
(as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule
30a-3(d) under the Investment Company Act of 1940) for the registrant and have:</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: 0.25in">(a) Designed such
disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure
that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those
entities, particularly during the period in which this report is being prepared;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: 0.25in">(b) Designed such
internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision,
to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external
purposes in accordance with generally accepted accounting principles;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: 0.25in">(c) Evaluated the
effectiveness of the registrant&rsquo;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness
of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation;
and</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: 0.25in">(d) Disclosed in
this report any change in the registrant&rsquo;s internal control over financial reporting that occurred during the period covered by
this report that has materially affected, or is reasonably likely to materially affect, the registrant&rsquo;s internal control over financial
reporting; and</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">5.&nbsp;&nbsp;The
registrant&rsquo;s other certifying officer(s) and I have disclosed to the registrant&rsquo;s auditors and the audit committee of the
registrant&rsquo;s board of directors (or persons performing the equivalent functions):</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: 0.25in">(a) All significant
deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely
to adversely affect the registrant&rsquo;s ability to record, process, summarize, and report financial information; and</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: 0.25in">(b) Any fraud,
whether or not material, that involves management or other employees who have a significant role in the registrant&rsquo;s internal control
over financial reporting.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 40%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Date: August 26, 2025</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 40%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">/s/
    Brian J. Lutes</FONT></TD>
    <TD STYLE="width: 20%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Brian J. Lutes, Treasurer and Principal Financial Officer</FONT></TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: left; text-indent: -2in"></P>

<!-- Field: Page; Sequence: 2; Options: Last -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: left"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>


</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.906 CERT
<SEQUENCE>3
<FILENAME>fp0094393-3_ex99906cert.htm
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">EX-99.906CERT</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0">CERTIFICATIONS</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Ralph W. Bradshaw, Principal Executive Officer, and Brian J. Lutes,
Principal Financial Officer, of Cornerstone Strategic Investment Fund, Inc. (the &ldquo;Registrant&rdquo;), each certify to the best of
his knowledge that:</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">1.</TD><TD STYLE="text-align: justify">The Registrant&rsquo;s periodic report on Form N-CSR for the period ended June 30, 2025 (the &ldquo;Form
N-CSR&rdquo;) fully complies with the requirements of section 13(a) or section 15(d) of the Securities Exchange Act of 1934, as amended;
and</TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">2.</TD><TD STYLE="text-align: justify">The information contained in the Form N-CSR fairly presents, in all material respects, the financial condition
and results of operations of the Registrant.</TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 45%"><FONT STYLE="font-family: Times New Roman, Times, Serif">PRINCIPAL EXECUTIVE OFFICER</FONT></TD>
    <TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 45%"><FONT STYLE="font-family: Times New Roman, Times, Serif">PRINCIPAL FINANCIAL OFFICER</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Cornerstone Strategic Investment Fund, Inc.</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Cornerstone Strategic Investment Fund, Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">/s/ Ralph W. Bradshaw</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">/s/ Brian J. Lutes</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Ralph W. Bradshaw, Chairman and President (Principal Executive Officer)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Brian J. Lutes, Treasurer and Principal Financial Officer</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Date:&nbsp;&nbsp;August 26, 2025</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Date:&nbsp;&nbsp;August 26, 2025</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>A signed original of this written statement required by Section 906,
or other document authenticating, acknowledging or otherwise adopting the signature that appears in typed form within the electronic version
of this written statement required by Section 906, has been provided to Cornerstone Strategic Investment Fund, Inc. and will be retained
by Cornerstone Strategic Investment Fund, Inc. and furnished to the Securities and Exchange Commission or its staff upon request.</I></B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This certification is being furnished to the Securities
and Exchange Commission solely pursuant to 18 U.S.C. 1350 and is not being filed as part of the Form N-CSR filed with the Commission.</P>

<!-- Field: Page; Sequence: 1; Options: Last -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>fp0094393-1_2.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 fp0094393-1_2.jpg
M_]C_X  02D9)1@ ! @$ > !X  #_[0 L4&AO=&]S:&]P(#,N,  X0DE- ^T
M     !  >     $  0!X     0 !_^X $T%D;V)E &0      04  DE$_]L
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M_7[-[YI\QS07]Y;QN"0R6EK"BR#JLK4.*OO+%78J[%78J[%78J[%78J^,/\
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J=BKL5=BKL5=BKL5=BKL5=BKL5=BKL5=BKL5=BKL5=BKL5=BKL5=BK__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>fp0094393-1_2a.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 fp0094393-1_2a.jpg
M_]C_X  02D9)1@ ! @$ > !X  #_[0 L4&AO=&]S:&]P(#,N,  X0DE- ^T
M     !  >     $  0!X     0 !_^X $T%D;V)E &0      04  DE$_]L
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M^8J[%78J[%78J[%78J[%78J[%78J[%78J[%78J[%78J[%78J[%78J\H_,/\
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MPU+2[OS7K'F#4;;0?*GE[2R#=ZYK-]R-M:0-1E4$*69R#102 QHI5?,=FO\
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MM8APLVH:A-^[L[& '<O-*RKL#05:E%.*OQ8_.+\D?-NO^7_R?\\?GE"NL_\
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FV*NQ5V*NQ5V*NQ5V*NQ5V*NQ5V*NQ5V*NQ5V*NQ5V*NQ5V*O_]D!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
