OMB APPROVAL
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OMB Number: 3235-0578
Expires: April 30, 2013
Estimated average burden hours per response: 5.6
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260 Madison Avenue, 8th Floor New York, New York
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10016
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(Address of principal executive offices)
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(Zip code)
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Item 1.
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Schedule of Investments.
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CORNERSTONE STRATEGIC VALUE FUND, INC.
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SCHEDULE OF INVESTMENTS - MARCH 31, 2010 (UNAUDITED)
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Description
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No. of Shares
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Value
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EQUITY SECURITIES - 99.39%
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CLOSED-END FUNDS - 7.67%
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CORE - 7.67%
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Adams Express Company (The) (a)
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26,400 | $ | 278,520 | |||||
Advent/Claymore Enhanced Growth & Income Fund
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22,661 | 264,680 | ||||||
BlackRock Dividend Achievers Trust
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4,000 | 36,880 | ||||||
Liberty All-Star Equity Fund
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302,030 | 1,434,643 | ||||||
Liberty All-Star Growth Fund
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261,101 | 976,518 | ||||||
Tri-Continental Corporation
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22,800 | 279,756 | ||||||
Zweig Fund, Inc. (The)
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315,650 | 1,117,401 | ||||||
4,388,398 | ||||||||
TOTAL CLOSED-END FUNDS
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4,388,398 | |||||||
CONSUMER DISCRETIONARY - 9.55%
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Amazon.com, Inc. *
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3,000 | 407,190 | ||||||
Best Buy Company, Inc.
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6,500 | 276,510 | ||||||
Comcast Corporation - Class A
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14,555 | 273,925 | ||||||
DIRECTV Group, Inc. (The) - Class A *
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4,000 | 135,240 | ||||||
Family Dollar Stores, Inc.
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2,000 | 73,220 | ||||||
Gap, Inc. (The)
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9,200 | 212,612 | ||||||
Home Depot, Inc. (The)
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2,000 | 64,700 | ||||||
Lowe's Companies, Inc.
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5,900 | 143,016 | ||||||
McDonald's Corporation
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11,400 | 760,608 | ||||||
News Corporation - Class A
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10,000 | 144,100 | ||||||
NIKE, Inc. - Class B
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4,100 | 301,350 | ||||||
Omnicom Group, Inc.
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4,200 | 163,002 | ||||||
Staples, Inc.
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12,800 | 299,392 | ||||||
Starbucks Corporation
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2,800 | 67,956 | ||||||
Target Corporation
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12,800 | 673,280 | ||||||
Time Warner Cable, Inc.
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1,966 | 104,807 | ||||||
Time Warner, Inc.
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2,900 | 90,683 | ||||||
TJX Companies, Inc. (The)
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7,000 | 297,640 | ||||||
Viacom, Inc. - Class B *
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5,450 | 187,371 | ||||||
Walt Disney Company (The)
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12,700 | 443,357 | ||||||
Yum! Brands, Inc.
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9,000 | 344,970 | ||||||
5,464,929 | ||||||||
CONSUMER STAPLES - 10.54%
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Altria Group, Inc.
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31,800 | 652,536 | ||||||
Archer-Daniels-Midland Company
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3,960 | 114,444 |
CORNERSTONE STRATEGIC VALUE FUND, INC.
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SCHEDULE OF INVESTMENTS - MARCH 31, 2010 (UNAUDITED) (Continued)
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CONSUMER STAPLES (Continued)
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Coca-Cola Company (The)
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13,500 | $ | 742,500 | |||||
Colgate-Palmolive Company
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3,400 | 289,884 | ||||||
ConAgra Foods, Inc.
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3,400 | 85,238 | ||||||
Costco Wholesale Corporation
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2,500 | 149,275 | ||||||
CVS Caremark Corporation
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8,430 | 308,201 | ||||||
General Mills, Inc.
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2,500 | 176,975 | ||||||
H.J. Heinz Company
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4,000 | 182,440 | ||||||
Kimberly-Clark Corporation
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4,500 | 282,960 | ||||||
Kraft Foods, Inc. - Class A
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10,932 | 330,584 | ||||||
PepsiCo, Inc.
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5,600 | 370,496 | ||||||
Philip Morris International, Inc.
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2,500 | 130,400 | ||||||
Procter & Gamble Company (The)
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16,297 | 1,031,111 | ||||||
Sysco Corporation
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10,300 | 303,850 | ||||||
Walgreen Company
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4,800 | 178,032 | ||||||
Wal-Mart Stores, Inc.
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12,600 | 700,560 | ||||||
6,029,486 | ||||||||
ENERGY - 10.22%
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Anadarko Petroleum Corporation
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2,700 | 196,641 | ||||||
Baker Hughes, Inc.
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6,100 | 285,724 | ||||||
Chevron Corporation
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10,732 | 813,807 | ||||||
Conocophillips
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14,974 | 766,220 | ||||||
Exxon Mobil Corporation
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29,000 | 1,942,420 | ||||||
Halliburton Company
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9,700 | 292,261 | ||||||
Marathon Oil Corporation
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11,500 | 363,860 | ||||||
Occidental Petroleum Corporation
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3,500 | 295,890 | ||||||
Schlumberger Ltd.
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6,000 | 380,760 | ||||||
Transocean Ltd. *
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2,500 | 215,950 | ||||||
XTO Energy, Inc.
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6,250 | 294,875 | ||||||
5,848,408 | ||||||||
FINANCIALS - 13.61%
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AFLAC, Inc.
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5,500 | 298,595 | ||||||
Allstate Corporation (The)
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6,800 | 219,708 | ||||||
American Express Company
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6,400 | 264,064 | ||||||
Bank of America Corporation
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16,138 | 288,063 | ||||||
Bank of New York Mellon Corporation (The) ^
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7,754 | 239,444 | ||||||
BB&T Corporation ^
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3,500 | 113,365 | ||||||
Capital One Financial Corporation
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2,500 | 103,525 | ||||||
Charles Schwab Corporation (The)
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17,000 | 317,730 | ||||||
Chubb Corporation (The)
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3,500 | 181,475 | ||||||
Goldman Sachs Group, Inc. (The)
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5,000 | 853,150 | ||||||
Hudson City Bancorp, Inc.
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15,500 | 219,480 |
CORNERSTONE STRATEGIC VALUE FUND, INC.
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SCHEDULE OF INVESTMENTS - MARCH 31, 2010 (UNAUDITED) (Continued)
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FINANCIALS (Continued)
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JPMorgan Chase & Company
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35,132 | $ | 1,572,157 | |||||
Marsh & McLennan Companies, Inc.
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10,000 | 244,200 | ||||||
MetLife, Inc.
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5,700 | 247,038 | ||||||
Morgan Stanley
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11,500 | 336,835 | ||||||
PNC Financial Services Group, Inc.
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7,600 | 453,720 | ||||||
T. Rowe Price Group, Inc.
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3,000 | 164,790 | ||||||
Travelers Companies, Inc. (The)
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9,476 | 511,135 | ||||||
U.S. Bancorp ^
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9,901 | 256,238 | ||||||
Wells Fargo & Company
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28,900 | 899,368 | ||||||
7,784,080 | ||||||||
HEALTH CARE - 11.66%
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Abbott Laboratories
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9,200 | 484,656 | ||||||
Aetna, Inc.
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5,000 | 175,550 | ||||||
Amgen, Inc. *
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6,700 | 400,392 | ||||||
Baxter International, Inc.
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5,000 | 291,000 | ||||||
Becton, Dickinson and Company
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3,900 | 307,047 | ||||||
Biogen Idec, Inc. *
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4,000 | 229,440 | ||||||
Bristol-Myers Squibb Company
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19,000 | 507,300 | ||||||
Cardinal Health, Inc.
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7,950 | 286,438 | ||||||
Covidien PLC
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2,599 | 130,678 | ||||||
Eli Lilly & Company
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4,700 | 170,234 | ||||||
Gilead Sciences, Inc. *
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6,000 | 272,880 | ||||||
Johnson & Johnson
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15,400 | 1,004,080 | ||||||
McKesson Corporation
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1,800 | 118,296 | ||||||
Medtronic, Inc.
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8,000 | 360,240 | ||||||
Merck & Company, Inc.
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15,267 | 570,223 | ||||||
Pfizer, Inc.
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38,622 | 662,367 | ||||||
Stryker Corporation
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2,000 | 114,440 | ||||||
UnitedHealth Group, Inc.
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11,000 | 359,370 | ||||||
WellPoint, Inc. *
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3,500 | 225,330 | ||||||
6,669,961 | ||||||||
INDUSTRIALS - 9.53%
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3M Company
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4,400 | 367,708 | ||||||
Boeing Company (The)
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2,200 | 159,742 | ||||||
Caterpillar, Inc.
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5,300 | 333,105 | ||||||
CSX Corporation
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3,500 | 178,150 | ||||||
Deere & Company
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6,500 | 386,490 | ||||||
Emerson Electric Company
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6,000 | 302,040 | ||||||
General Dynamics Corporation
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3,200 | 247,040 | ||||||
General Electric Company
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51,900 | 944,580 | ||||||
Honeywell International, Inc.
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5,000 | 226,350 |
CORNERSTONE STRATEGIC VALUE FUND, INC.
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SCHEDULE OF INVESTMENTS - MARCH 31, 2010 (UNAUDITED) (Continued)
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INDUSTRIALS (Continued)
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Illinois Tool Works, Inc.
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4,800 | $ | 227,328 | |||||
Lockheed Martin Corporation
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3,000 | 249,660 | ||||||
Norfolk Southern Corporation
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5,500 | 307,395 | ||||||
Northrop Grumman Corporation
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2,500 | 163,925 | ||||||
Raytheon Company
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3,500 | 199,920 | ||||||
Union Pacific Corporation
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4,000 | 293,200 | ||||||
United Parcel Service, Inc. - Class B
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4,100 | 264,081 | ||||||
United Technologies Corporation
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5,000 | 368,050 | ||||||
Waste Management, Inc.
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6,800 | 234,124 | ||||||
5,452,888 | ||||||||
INFORMATION TECHNOLOGY - 17.87%
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Adobe Systems, Inc. *
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4,200 | 148,554 | ||||||
Apple, Inc. *
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5,900 | 1,386,087 | ||||||
Applied Materials, Inc.
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10,800 | 145,584 | ||||||
Automatic Data Processing, Inc.
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4,400 | 195,668 | ||||||
Cisco Systems, Inc. *
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45,400 | 1,181,762 | ||||||
Corning, Inc.
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6,000 | 121,260 | ||||||
Dell, Inc. *
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2,700 | 40,527 | ||||||
eBay, Inc. *
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2,500 | 67,375 | ||||||
EMC Corporation *
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17,148 | 309,350 | ||||||
Google, Inc. - Class A *
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2,000 | 1,134,020 | ||||||
Hewlett-Packard Company
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11,400 | 605,910 | ||||||
Intel Corporation
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39,500 | 879,270 | ||||||
International Business Machines Corporation
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10,100 | 1,295,325 | ||||||
Microsoft Corporation
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51,200 | 1,498,624 | ||||||
Oracle Corporation
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22,272 | 572,167 | ||||||
QUALCOMM, Inc.
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10,000 | 419,900 | ||||||
Texas Instruments, Inc.
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6,400 | 156,608 | ||||||
Yahoo!, Inc. *
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4,000 | 66,120 | ||||||
10,224,111 | ||||||||
MATERIALS - 3.19%
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Alcoa, Inc.
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11,400 | 162,336 | ||||||
Dow Chemical Company (The)
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5,400 | 159,678 | ||||||
E.I. Du Pont de Nemours & Company
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9,500 | 353,780 | ||||||
Freeport-McMoRan Copper & Gold, Inc.
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5,000 | 417,700 | ||||||
Monsanto Company
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2,660 | 189,977 | ||||||
Praxair, Inc.
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6,500 | 539,500 | ||||||
1,822,971 | ||||||||
REAL ESTATE INVESTMENT TRUST - 0.00%
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Simon Property Group, Inc.
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14 | 1,175 |
CORNERSTONE STRATEGIC VALUE FUND, INC.
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SCHEDULE OF INVESTMENTS - MARCH 31, 2010 (UNAUDITED) (Continued)
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TELECOMMUNICATION SERVICES - 2.32%
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AT&T, Inc.
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37,039 | $ | 957,088 | |||||
Verizon Communications, Inc.
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12,000 | 372,240 | ||||||
1,329,328 | ||||||||
UTILITIES - 3.23%
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American Electric Power Company, Inc.
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5,000 | 170,900 | ||||||
Dominion Resources, Inc.
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7,700 | 316,547 | ||||||
Duke Energy Corporation
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15,800 | 257,856 | ||||||
Edison International
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3,500 | 119,595 | ||||||
Exelon Corporation
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3,000 | 131,430 | ||||||
FirstEnergy Corporation
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3,000 | 117,270 | ||||||
FPL Group, Inc.
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4,000 | 193,320 | ||||||
PG&E Corporation
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3,000 | 127,260 | ||||||
Public Service Enterprises Group, Inc.
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4,500 | 132,840 | ||||||
Southern Company (The)
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8,400 | 278,544 | ||||||
1,845,562 | ||||||||
TOTAL EQUITY SECURITIES (cost - $51,645,529)
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56,861,297 | |||||||
SHORT-TERM INVESTMENTS - 1.80%
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MONEY MARKET FUND - 0.72%
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JPMorgan U.S. Government Money Market Fund
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412,894 | 412,894 | ||||||
Principal
Amount (000's)
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REPURCHASE AGREEMENT - 1.08%
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J.P. Morgan Securities, Inc. †
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(Agreement dated 3/31/2010 to be repurchased at $616,302, 0.12%, 4/1/2010, collateralized by $639,104 in United States Treasury Notes)
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$ | 616 | 616,302 | |||||
TOTAL SHORT-TERM INVESTMENTS (cost - $1,029,196)
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1,029,196 | |||||||
TOTAL INVESTMENTS - 101.19% (cost - $52,674,725)
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57,890,493 | |||||||
LIABILITIES IN EXCESS OF OTHER ASSETS - (1.19)%
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(678,241 | ) | ||||||
NET ASSETS - 100.00%
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$ | 57,212,252 |
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·
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Level 1 – quoted unadjusted prices for identical instruments in active markets to which the Fund has access at the date of measurement.
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·
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Level 2 – 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.
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·
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Level 3 – 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’s own assumptions that market participants would use to price the asset or liability based on the best available information.
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Valuation Inputs
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INVESTMENTS IN SECURITIES
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OTHER FINANCIAL INSTRUMENTS*
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Level 1 - Quoted Prices
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$ | 56,861,297 | $ | - | ||||
Level 2 - Other Significant Observable Inputs
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1,029,196 | - | ||||||
Level 3 – Significant Unobservable Inputs
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- | - | ||||||
Total
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$ | 57,890,493 | $ | - |
Item 2.
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Controls and Procedures.
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Item 3.
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Exhibits.
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By (Signature and Title)*
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/s/ Ralph W. Bradshaw
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Ralph W. Bradshaw, President and Chairman
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(Principal Executive Officer)
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Date
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May 24, 2010
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By (Signature and Title)*
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/s/ Ralph W. Bradshaw
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Ralph W. Bradshaw, President and Chairman
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(Principal Executive Officer)
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Date
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May 24, 2010
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By (Signature and Title)*
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/s/ Frank J. Maresca
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Frank J. Maresca, Treasurer (Principal Financial Officer)
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Date
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May 24, 2010
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