CRF - Cornerstone Total Return Fund

What this means for you

Sit Investment owned more than 5% of this fund and has since sold down below that level, so it no longer has to report its holding.

Nothing is required of you. If a large investor buys in again, the notice appears here the day it is filed.

Email me if this changes

What happened, and when

1. Aug 14, 2026

   The fund offered holders the right to buy more shares.

   Original document →

2. April 6, 2026

   Sit Investment sold down below 5% and stopped reporting.

   Original document →

3. July 7, 2025

   Sit Investment now owns 7.2%, as a passive investor.

   Original document →

4. April 21, 2025

   The fund offered holders the right to buy more shares, until May 16, 2025.

   Original document →

5. April 8, 2025

   The fund offered holders the right to buy more shares, until May 16, 2025.

   Original document →

About this fund

• Run by Cornerstone Advisors, LLC. As of Dec 31, 2025, from the fund's yearly report. Original document →
• Size: about $1.06 billion of holdings, as of June 30, 2026. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• Borrowing: the fund does not borrow. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• Costs: 1% a year in management fees; 1.1% a year in total, including interest on borrowed money. Fiscal year ended Dec 31, 2025. As of Dec 31, 2025, from the fund's yearly report. Original document →
• Payouts: last fiscal year (ended Dec 31, 2025) the fund paid $1.40 a share. $0.02 of that was income; $0.59 came from gains; $0.79 was your own money back, not income. As of Dec 31, 2025, from the fund's annual report. Original document →
• Value of holdings per share at the last fiscal year end (Dec 31, 2025): $6.52. The shares traded at $8.01, about 22.9% above that. As of Dec 31, 2025, from the fund's yearly report. Original document →
• How the holdings did: up 14.8% over the last three months we have (April-June 2026), before the share price is taken into account. Over the last 12 months: +19%. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• How the share price did: the shares returned +14.3% over the last fiscal year (ended Dec 31, 2025), counting payouts and the change in the market price. As of Dec 31, 2025, from the fund's annual report. Original document →
• First reported to the regulator in 1997.

What the fund holds

Almost all shares (99%). About 95% issued in the U.S.

1. NVIDIA Corporation - 7.8%
2. Apple, Inc. - 6.9%
3. Alphabet, Inc. class C shares - 6.3%
4. Microsoft Corporation - 4.3%
5. Amazon.com, Inc. - 4%
6. Select Sector Spdr Trust, Energy Select Sector SPDR Fund - 3.1%
7. Broadcom, Inc. - 3%
8. Micron Technology, Inc. - 2.3%
9. Select Sector Spdr Trust, Utilities Select Sector SPDR Fund - 2.1%
10. Eli Lilly & Company - 2.1%

As of June 30, 2026, from the fund's quarterly holdings report. Original document →