NPORT-EX 2 crf.htm NPORT F

CORNERSTONE TOTAL RETURN FUND, INC.

SCHEDULE OF INVESTMENTS - SEPTEMBER 30, 2021 (Unaudited)

Description	No. of Shares		Value
EQUITY SECURITIES - 96.79%
CLOSED-END FUNDS - 12.39%
CONVERTIBLE SECURITIES - 0.85%
Virtus AllianzGI Equity & Convertible Income Fund		171,399	$	5,051,129

CORE - 1.91%
General American Investors Company, Inc. *		184,262		7,934,322
Royce Micro-Cap Trust, Inc.		293,436		3,351,039
				11,285,361
DEVELOPED MARKET - 0.86%
Aberdeen Japan Equity Fund, Inc.		69,604		678,639
First Trust Dynamic Europe Equity Income Fund		74,602		961,620
Japan Smaller Capitalization Fund, Inc.		220,665		1,997,018
New Germany Fund, Inc. (The)		53,952		1,065,552
Swiss Helvetia Fund, Inc. (The)		44,501		408,519
				5,111,348
DIVERSIFIED EQUITY - 4.14%
Adams Diversified Equity Fund, Inc.		694,785		13,756,743
Gabelli Dividend & Income Trust (The)		44,000		1,134,760
Royce Value Trust, Inc.		308,996		5,568,108
Tri-Continental Corporation		122,063		4,074,463
				24,534,074
EMERGING MARKETS - 1.42%
India Fund, Inc. (The)		181,277		4,185,686
Korea Fund, Inc. (The)		11,269		461,466
Mexico Fund, Inc. (The)		2,374		35,254
Morgan Stanley India Investment Fund, Inc.		90,725		2,503,102
Templeton Emerging Markets Fund		72,782		1,235,111
				8,420,619
ENERGY MLP FUNDS - 1.54%
ClearBridge Energy Midstream Opportunity Fund Inc.		104,682		2,287,302
ClearBridge MLP and Midstream Fund Inc.		102,613		2,785,943
ClearBridge MLP and Midstream Total Return Fund Inc.		49,557		1,189,368
Kayne Anderson NextGen Energy & Infrastructure, Inc.		328,423		2,390,919
Neuberger Berman MLP and Energy Income Fund Inc.		95,452		470,578
				9,124,110

CORNERSTONE TOTAL RETURN FUND, INC.

SCHEDULE OF INVESTMENTS - SEPTEMBER 30, 2021 (Unaudited)(Continued)

Description	No. of Shares		Value
GLOBAL - 0.28%
Gabelli Global Small and Mid Cap Value Trust (The)		35,338	$	562,977
GDL Fund (The)		121,208		1,088,448
				1,651,425
INCOME & PREFERRED STOCK - 0.20%
LMP Capital and Income Fund Inc.		85,891		1,181,860

NATURAL RESOURCES - 0.39%
Adams Natural Resources Fund, Inc.		118,643		1,861,508
First Trust Energy Infrastructure Fund		32,894		419,399
				2,280,907
OPTION ARBITRAGE/OPTIONS STRATEGIES - 0.41%
Virtus Dividend, Interest & Premium Strategy Fund		165,392		2,452,763

SECTOR EQUITY - 0.31%
Gabelli Healthcare & Wellness^Rx Trust (The)		86,224		1,139,019
GAMCO Natural Resources, Gold & Income Trust		141,016		714,951
				1,853,970
UTILITY - 0.08%
Macquarie Global Infrastructure Total Return Fund Inc.		19,757		460,536

TOTAL CLOSED-END FUNDS				73,408,102

COMMUNICATION SERVICES - 11.08%
Activision Blizzard, Inc.		24,000		1,857,360
Alphabet Inc. - Class C *		9,400		25,053,914
Charter Communications, Inc. - Class A *		5,300		3,856,068
Comcast Corporation - Class A		130,000		7,270,900
Facebook, Inc. - Class A *		40,000		13,575,600
Netflix, Inc. *		11,000		6,713,740
Twitter, Inc. *		24,000		1,449,360
Walt Disney Company (The) *		35,000		5,920,950
				65,697,892

CORNERSTONE TOTAL RETURN FUND, INC.

SCHEDULE OF INVESTMENTS - SEPTEMBER 30, 2021 (Unaudited)(Continued)

Description	No. of Shares		Value
CONSUMER DISCRETIONARY - 11.30%
Amazon.com, Inc. *		10,200	$	33,507,408
Booking Holdings Inc. *		1,000		2,373,870
Dollar General Corporation		7,000		1,484,980
eBay Inc.		20,000		1,393,400
General Motors Company *		36,000		1,897,560
Hilton Worldwide Holdings Inc. *		5,000		660,550
Lowe's Companies, Inc.		21,000		4,260,060
NIKE, Inc. - Class B		36,000		5,228,280
Ross Stores, Inc.		10,000		1,088,500
Starbucks Corporation		35,000		3,860,850
Target Corporation		12,000		2,745,240
Tesla, Inc. *		8,000		6,203,840
TJX Companies, Inc. (The)		34,600		2,282,908
				66,987,446
CONSUMER STAPLES - 3.84%
Coca-Cola Company (The)		112,000		5,876,640
Constellation Brands, Inc. - Class A		5,000		1,053,450
Costco Wholesale Corporation		14,000		6,290,900
Estée Lauder Companies Inc. (The) - Class A		7,000		2,099,510
Monster Beverage Corporation *		12,000		1,065,960
Philip Morris International Inc.		45,000		4,265,550
Sysco Corporation		15,000		1,177,500
Walgreens Boots Alliance, Inc.		20,000		941,000
				22,770,510
EXCHANGE-TRADED FUNDS - 3.07%
Energy Select Sector SPDR® Fund (The)		137,000		7,136,330
iShares Core S&P 500 ETF		10,000		4,308,200
SPDR S&P 500® ETF Trust		7,000		3,003,980
Technology Select Sector SPDR® Fund (The)		25,000		3,733,000
				18,181,510
FINANCIALS - 10.59%
American Express Company		12,000		2,010,360
Aon plc - Class A		5,000		1,428,850
Bank of America Corporation		110,000		4,669,500
Bank of New York Mellon Corporation (The)		15,000		777,600
Berkshire Hathaway Inc. - Class B *		55,000		15,011,700

CORNERSTONE TOTAL RETURN FUND, INC.

SCHEDULE OF INVESTMENTS - SEPTEMBER 30, 2021 (Unaudited)(Continued)

Description	No. of Shares		Value
FINANCIALS - 10.59% (Continued)
Charles Schwab Corporation (The)		30,000	$	2,185,200
Chubb Limited		7,500		1,301,100
Citigroup Inc.		60,000		4,210,800
Goldman Sachs Group, Inc. (The)		12,000		4,536,360
Intercontinental Exchange, Inc.		6,000		688,920
JPMorgan Chase & Co.		87,000		14,241,030
Moody's Corporation		3,000		1,065,330
Morgan Stanley		38,000		3,697,780
Progressive Corporation (The)		14,000		1,265,460
S&P Global Inc.		5,000		2,124,450
T. Rowe Price Group, Inc.		4,000		786,800
Wells Fargo & Company		60,000		2,784,600
				62,785,840
HEALTH CARE - 12.25%
Abbott Laboratories		17,000		2,008,210
AbbVie Inc.		29,000		3,128,230
Agilent Technologies, Inc.		7,000		1,102,710
Amgen Inc.		5,000		1,063,250
Anthem, Inc.		6,000		2,236,800
Biogen Inc. *		6,000		1,697,940
Boston Scientific Corporation *		42,000		1,822,380
Bristol-Myers Squibb Company		65,000		3,846,050
Centene Corporation *		18,000		1,121,580
Cigna Corporation		12,000		2,401,920
CVS Health Corporation		32,000		2,715,520
DexCom, Inc. *		1,000		546,860
Edwards Lifesciences Corporation *		13,000		1,471,730
Eli Lilly and Company		25,000		5,776,250
HCA Healthcare, Inc.		9,000		2,184,480
Humana Inc.		4,000		1,556,600
IDEXX Laboratories, Inc. *		2,000		1,243,800
IQVIA Holdings Inc. *		7,000		1,676,780
Johnson & Johnson		28,000		4,522,000
McKesson Corporation		5,000		996,900
Medtronic plc		40,000		5,014,000
Merck & Co., Inc.		53,000		3,980,830

CORNERSTONE TOTAL RETURN FUND, INC.

SCHEDULE OF INVESTMENTS - SEPTEMBER 30, 2021 (Unaudited)(Continued)

Description	No. of Shares		Value
HEALTH CARE - 12.25% (Continued)
Organon & Co.		5,300	$	173,787
Stryker Corporation		10,000		2,637,200
Thermo Fisher Scientific Inc.		6,000		3,427,980
UnitedHealth Group Incorporated		28,000		10,940,720
Vertex Pharmaceuticals Incorporated *		7,000		1,269,730
Zimmer Biomet Holdings, Inc.		14,000		2,049,040
				72,613,277
INDUSTRIALS - 6.70%
Boeing Company (The) *		16,000		3,519,040
Caterpillar Inc.		8,000		1,535,760
Cintas Corporation		3,000		1,141,980
CSX Corporation		60,000		1,784,400
Deere & Company		9,000		3,015,630
FedEx Corporation		9,000		1,973,610
General Dynamics Corporation		7,000		1,372,210
Honeywell International Inc.		25,000		5,307,000
Johnson Controls International plc		20,000		1,361,600
Lockheed Martin Corporation		7,000		2,415,700
Norfolk Southern Corporation		11,000		2,631,750
Northrop Grumman Corporation		5,000		1,800,750
Roper Technologies, Inc.		3,500		1,561,455
Southwest Airlines Co. *		18,000		925,740
TransDigm Group Incorporated *		2,000		1,249,140
Union Pacific Corporation		20,000		3,920,200
United Parcel Service, Inc. - Class B		14,000		2,549,400
Waste Management, Inc.		11,000		1,642,960
				39,708,325
INFORMATION TECHNOLOGY - 21.79%
Accenture plc - Class A		7,000		2,239,440
Adobe Inc. *		6,000		3,454,320
Advanced Micro Devices, Inc. *		36,000		3,704,400
Apple Inc.		221,000		31,271,500
Applied Materials, Inc.		18,000		2,317,140
Autodesk, Inc. *		8,000		2,281,360
Cisco Systems, Inc.		43,000		2,340,490
Fidelity National Information Services, Inc.		18,000		2,190,240

CORNERSTONE TOTAL RETURN FUND, INC.

SCHEDULE OF INVESTMENTS - SEPTEMBER 30, 2021 (Unaudited)(Continued)

Description	No. of Shares		Value
INFORMATION TECHNOLOGY - 21.79% (Continued)
Fiserv, Inc. *		16,000	$	1,736,000
HP Inc.		14,000		383,040
Intel Corporation		106,000		5,647,680
Intuit Inc.		9,000		4,855,590
Lam Research Corporation		4,000		2,276,600
Mastercard Incorporated - Class A		18,000		6,258,240
Microsoft Corporation		95,000		26,782,400
NVIDIA Corporation		62,800		13,009,648
Oracle Corporation		25,000		2,178,250
PayPal Holdings, Inc. *		12,000		3,122,520
QUALCOMM Incorporated		22,000		2,837,560
Visa, Inc. - Class A		46,000		10,246,500
				129,132,918
MATERIALS - 1.72%
Air Products and Chemicals, Inc.		6,000		1,536,660
Ball Corporation		7,000		629,790
DuPont de Nemours, Inc.		15,000		1,019,850
Freeport-McMoRan Inc.		50,000		1,626,500
Linde plc		14,000		4,107,320
Newmont Corporation		24,000		1,303,200
				10,223,320
REAL ESTATE - 1.60%
American Tower Corporation		13,000		3,450,330
Digital Realty Trust, Inc.		8,000		1,155,600
Equinix, Inc.		3,000		2,370,390
Public Storage		5,000		1,485,500
SBA Communications Corporation		3,000		991,710
				9,453,530
UTILITIES - 0.46%
American Water Works Company, Inc.		5,000		845,200
Exelon Corporation		25,300		1,223,002
Public Service Enterprise Group Incorporated		11,000		669,900
				2,738,102

TOTAL EQUITY SECURITIES (cost - $478,855,534)				573,700,772

CORNERSTONE TOTAL RETURN FUND, INC.

SCHEDULE OF INVESTMENTS - SEPTEMBER 30, 2021 (Unaudited)(Concluded)

Description	No. of Shares		Value
SHORT-TERM INVESTMENT - 3.16%
MONEY MARKET FUND - 3.16%
Fidelity Institutional Money Market Government Portfolio - Class I, 0.01% ^ (cost - $18,741,804)		18,741,804	$	18,741,804

TOTAL INVESTMENTS - 99.95% (cost - $497,597,338)				592,442,576

OTHER ASSETS IN EXCESS OF LIABILITIES - 0.05%				281,894

NET ASSETS - 100.00%			$	592,724,470

Non-income producing security.

The rate shown is the 7-day effective yield as of September 30, 2021.