UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-05150

Cornerstone Strategic Value Fund, Inc.
(Exact name of registrant as specified in charter)

48 Wall Street New York, NY
10005
(Address of principal executive offices)
(Zip code)

Frank J. Maresca

AST Fund Solutions, LLC 48 Wall Street  New York, NY 10005
(Name and address of agent for service)

Registrant's telephone number, including area code: (866) 668-6558

Date of fiscal year end: December 31

Date of reporting period: September 30, 2017
Item 1. Schedule of Investments.
 
CORNERSTONE STRATEGIC VALUE FUND, INC.
  
SCHEDULE OF INVESTMENTS - SEPTEMBER 30, 2017 (Unaudited)
  
 
Description
  
No. of Shares
    
Value
  
EQUITY SECURITIES - 98.52%
            
CLOSED-END FUNDS - 26.82%
  
             
CORE - 9.01%
  
Adams Diversified Equity Fund, Inc.
    
712,445
     $
10,836,288
  
Advent/Claymore Enhanced Growth & Income Fund
    
72,388
      
623,261
  
General American Investors Company, Inc.
    
318,510
      
11,469,545
  
Liberty All-Star Equity Fund
    
1,306,346
      
7,877,266
  
Royce Micro-Cap Trust, Inc.
    
522,910
      
4,904,896
  
Royce Value Trust
    
420,964
      
6,647,022
  
Source Capital, Inc.
    
41,654
      
1,687,404
  
Sprott Focus Trust, Inc.
    
87,568
      
676,901
  
Tri-Continental Corporation
    
319,083
      
8,152,571
  
             
52,875,154
  
CORPORATE DEBT BBB LEVERAGED - 0.17%
  
Western Asset/Claymore Inflation-Linked Opportunities & Income Fund
    
54,830
      
618,482
  
Western Asset/Claymore Inflation-Linked Securities & Income Fund
    
31,752
      
366,736
  
             
985,218
  
DEVELOPED MARKET - 0.79%
  
Aberdeen Japan Equity Fund, Inc.
    
10,814
      
94,190
  
Aberdeen Singapore Fund, Inc.
    
27,638
      
321,153
  
European Equity Fund, Inc. (The)
    
2,540
      
24,587
  
Japan Smaller Capitalization Fund, Inc.
    
53,156
      
668,171
  
Morgan Stanley Asia-Pacific Fund, Inc.
    
113,932
      
1,964,188
  
New Germany Fund, Inc. (The)
    
34,121
      
633,661
  
New Ireland Fund, Inc. (The)
    
37,850
      
519,302
  
Swiss Helvetia Fund, Inc. (The)
    
31,989
      
406,900
  
             
4,632,152
  
EMERGING MARKETS - 4.53%
  
Aberdeen Chile Fund, Inc.
    
103,947
      
872,115
  
Aberdeen Latin America Equity Fund, Inc.
    
12,213
      
334,148
  
Central Europe, Russia and Turkey Fund, Inc. (The )
    
26,450
      
653,315
  
 
See accompanying notes to schedule of investments.
CORNERSTONE STRATEGIC VALUE FUND, INC.
  
SCHEDULE OF INVESTMENTS - SEPTEMBER 30, 2017 (Unaudited)
  
 
India Fund, Inc. (The)
    
205,105
     $
5,486,559
  
Latin American Discovery Fund, Inc. (The)
    
53,545
      
646,824
  
Mexico Equity & Income Fund Inc. *
    
17,369
      
202,349
  
Mexico Fund, Inc. (The)
    
224,320
      
3,853,818
  
Morgan Stanley China A Share Fund, Inc.
    
311,519
      
7,432,843
  
Morgan Stanley Emerging Markets Fund, Inc.
    
56,946
      
993,138
  
Morgan Stanley India Investment Fund, Inc.
    
32,418
      
1,111,581
  
Taiwan Fund, Inc. (The) *
    
14,077
      
289,705
  
Templeton Dragon Fund, Inc.
    
157,932
      
3,284,986
  
Templeton Emerging Markets Fund
    
86,264
      
1,425,081
  
             
26,586,462
  
EMERGING MARKETS HARD CURRENCY DEBT - 0.30%
  
Templeton Emerging Markets Income Fund
    
154,150
      
1,783,515
  
                 
ENERGY MLP - 0.23%
  
ClearBridge American Energy MLP Fund Inc.
    
48,591
      
416,425
  
Kayne Anderson Energy Total Return Fund, Inc.
    
8,952
      
99,546
  
Kayne Anderson Midstream/Energy Fund, Inc.
    
55,357
      
813,748
  
             
1,329,719
  
GLOBAL - 1.70%
  
Alpine Global Total Dynamic Dividend Fund
    
571,740
      
5,145,672
  
Delaware Enhanced Global Dividend and Income Fund
    
91,344
      
1,083,340
  
Gabelli Global Small and Mid Cap Value Trust (The)
    
78,374
      
1,035,321
  
GDL Fund (The)
    
71,043
      
725,349
  
Lazard Global Total Return and Income Fund, Inc.
    
2,998
      
50,246
  
Lazard World Dividend & Income Fund, Inc.
    
27,426
      
310,736
  
Royce Global Value Trust, Inc.
    
158,158
      
1,636,934
  
             
9,987,598
  
GLOBAL INCOME - 0.49%
  
Legg Mason BW Global Income Opportunities Fund Inc.
    
214,990
      
2,889,466
  
                 
INCOME & PREFERRED STOCK - 0.24%
  
Delaware Investments Dividend & Income Fund, Inc.
    
17,682
      
190,258
  
LMP Capital and Income Fund Inc.
    
76,092
      
1,106,385
  
Rivernorth Opportunities Fund, Inc.
    
4,100
      
84,583
  
             
1,381,226
  
 
See accompanying notes to schedule of investments.
CORNERSTONE STRATEGIC VALUE FUND, INC.
  
SCHEDULE OF INVESTMENTS - SEPTEMBER 30, 2017 (Unaudited)
  
 
NATURAL RESOURCES - 2.98%
  
Adams Natural Resources Fund, Inc.
    
379,559
     $
7,458,334
  
BlackRock Energy & Resources Trust
    
79,021
      
1,084,958
  
BlackRock Resources & Commodities Strategy Trust
    
994,848
      
8,844,199
  
Cushing Renaissance Fund
    
3,900
      
72,969
  
             
17,460,460
  
OPTION ARBITRAGE/OPTIONS STRATEGIES - 0.18%
  
BlackRock Enhanced Global Dividend Trust
    
21,212
      
287,635
  
Cohen & Steers Global Income Builder, Inc.
    
40,680
      
395,003
  
Madison Strategic Sector Premium Fund
    
3,485
      
41,890
  
Voya Asia Pacific High Dividend Equity Income Fund
    
32,261
      
345,515
  
             
1,070,043
  
PACIFIC EX JAPAN - 0.39%
  
Aberdeen Greater China Fund, Inc.
    
42,147
      
495,227
  
Asia Tigers Fund, Inc. (The)
    
100
      
1,239
  
Korea Fund, Inc. (The)
    
33,259
      
1,345,327
  
Thai Fund, Inc. (The)
    
42,607
      
414,992
  
             
2,256,785
  
REAL ESTATE - 2.56%
  
Alpine Global Premier Properties Fund
    
527,722
      
3,498,797
  
CBRE Clarion Global Real Estate Income Fund
    
963,664
      
7,612,946
  
Cohen & Steers Preferred Securities and Income Fund, Inc.
    
270
      
5,724
  
Cohen & Steers Quality Income Realty Fund, Inc.
    
117,021
      
1,469,784
  
RMR Real Estate Income Fund
    
125,575
      
2,426,108
  
             
15,013,359
  
SECTOR EQUITY - 1.11%
  
BlackRock Science and Technology Trust
    
17,104
      
417,851
  
Gabelli Healthcare & WellnessRx Trust
    
198,719
      
2,009,049
  
Nuveen Real Asset Income and Growth Fund
    
67,511
      
1,214,523
  
Tekla Healthcare Opportunities Fund
    
73,704
      
1,368,683
  
Tekla World Healthcare Fund
    
101,495
      
1,477,767
  
             
6,487,873
  
UTILITY - 2.11%
  
Brookfield Global Listed Infrastructure Income Fund Inc.
    
152,162
      
2,055,709
  
Cohen & Steers Infrastructure Fund, Inc.
    
271,841
      
6,252,343
  
Duff & Phelps Global Utility Income Fund Inc.
    
38,984
      
632,710
  
Gabelli Global Utility & Income Trust (The)
    
54,335
      
1,115,807
  
 
See accompanying notes to schedule of investments.
CORNERSTONE STRATEGIC VALUE FUND, INC.
  
SCHEDULE OF INVESTMENTS - SEPTEMBER 30, 2017 (Unaudited)
  
 
Macquarie Global Infrastructure Total Return Fund Inc.
    
81,337
     $
2,136,723
  
Reaves Utility Income Fund
    
5,673
      
179,834
  
             
12,373,126
  
VALUE - 0.03%
  
Gabelli Dividend & Income Trust
    
8,427
      
188,680
  
                 
TOTAL CLOSED-END FUNDS
            
157,300,836
  
                 
CONSUMER DISCRETIONARY - 9.16%
                
Amazon.com, Inc. *
    
7,500
      
7,210,125
  
Carnival Corporation
    
5,000
      
322,850
  
Charter Communications, Inc. *
    
5,600
      
2,035,152
  
Comcast Corporation - Class A
    
175,000
      
6,734,000
  
Delphi Automotive PLC
    
6,000
      
590,400
  
Ford Motor Company
    
97,000
      
1,161,090
  
General Motors Company
    
39,000
      
1,574,820
  
Home Depot, Inc. (The)
    
56,600
      
9,257,496
  
Lowe's Companies, Inc. 
    
30,000
      
2,398,200
  
McDonald's Corporation
    
28,700
      
4,496,716
  
Netflix, Inc. *
    
16,000
      
2,901,600
  
Newell Brands Inc.
    
19,000
      
810,730
  
NIKE, Inc. 
    
48,500
      
2,514,725
  
Priceline Group Inc. (The) *
    
1,500
      
2,746,230
  
Royal Caribbean Cruises Ltd.
    
6,000
      
711,240
  
Starbucks Corporation
    
52,000
      
2,792,920
  
TJX Companies, Inc. (The)
    
18,000
      
1,327,140
  
Walt Disney Company (The)
    
42,200
      
4,159,654
  
 
            
53,745,088
  
CONSUMER STAPLES - 5.51%
                
Altria Group, Inc.
    
55,000
      
3,488,100
  
Archer-Daniels-Midland Company
    
19,000
      
807,690
  
British American Tobacco p.l.c. - ADR
    
14,202
      
886,915
  
ConAgra Foods, Inc.
    
7,500
      
253,050
  
Constellation Brands, Inc.
    
7,000
      
1,396,150
  
Costco Wholesale Corporation
    
15,000
      
2,464,350
  
CVS Health Corporation
    
31,000
      
2,520,920
  
Estée Lauder Companies Inc. (The) - Class A
    
8,000
      
862,720
  
 
See accompanying notes to schedule of investments.
CORNERSTONE STRATEGIC VALUE FUND, INC.
  
SCHEDULE OF INVESTMENTS - SEPTEMBER 30, 2017 (Unaudited)
  
 
General Mills, Inc.
    
18,900
     $
978,264
  
Kellogg Company
    
8,700
      
542,619
  
Kraft Heinz Company (The)
    
16,000
      
1,240,800
  
Kroger Company (The)
    
25,000
      
501,500
  
Molson Coors Brewing Company - Class B
    
2,000
      
163,280
  
Mondelez International, Inc.
    
45,000
      
1,829,700
  
Monster Beverage Corporation *
    
14,000
      
773,500
  
PepsiCo, Inc.
    
41,900
      
4,668,917
  
Procter & Gamble Company (The)
    
56,000
      
5,094,880
  
Sysco Corporation
    
17,500
      
944,125
  
Tyson Foods, Inc.
    
8,000
      
563,600
  
Walgreens Boots Alliance, Inc.
    
30,000
      
2,316,600
  
 
            
32,297,680
  
ENERGY - 2.60%
                
Baker Hughes, a GE company
    
9,000
      
329,580
  
Chevron Corporation
    
35,000
      
4,112,500
  
Concho Resources Inc. *
    
2,500
      
329,300
  
ConocoPhillips
    
23,000
      
1,151,150
  
Enbridge Inc.
    
4,723
      
197,610
  
EOG Resources, Inc.
    
8,600
      
831,964
  
Exxon Mobil Corporation
    
84,636
      
6,938,459
  
Occidental Petroleum Corporation
    
14,400
      
924,624
  
Pioneer Natural Resources Company
    
3,000
      
442,620
  
 
            
15,257,807
  
EXCHANGE-TRADED FUNDS - 2.15%
                
iShares Core S&P 500 ETF
    
30,000
      
7,587,900
  
SPDR S&P 500 ETF
    
20,000
      
5,024,600
  
 
            
12,612,500
  
FINANCIALS - 10.72%
                
Allstate Corporation (The)
    
14,000
      
1,286,740
  
Aon plc
    
9,000
      
1,314,900
  
Bank of America Corporation 
    
363,300
      
9,206,022
  
Bank of New York Mellon Corporation (The)
    
38,500
      
2,041,270
  
BB&T Corporation
    
22,000
      
1,032,680
  
Berkshire Hathaway Inc. - Class B *
    
20,000
      
3,666,400
  
BlackRock, Inc. - Class A
    
3,000
      
1,341,270
  
Brighthouse Financial, Inc. *
    
2,316
      
140,813
  
Charles Schwab Corporation (The)
    
44,000
      
1,924,560
  
 
See accompanying notes to schedule of investments.
CORNERSTONE STRATEGIC VALUE FUND, INC.
  
SCHEDULE OF INVESTMENTS - SEPTEMBER 30, 2017 (Unaudited)
  
 
Chubb Limited
    
13,000
     $
1,853,150
  
Citigroup Inc. 
    
77,000
      
5,600,980
  
CME Group Inc.
    
9,000
      
1,221,120
  
Goldman Sachs Group, Inc. (The)
    
11,000
      
2,609,090
  
JPMorgan Chase & Co.
    
131,000
      
12,511,810
  
Loews Corporation
    
10,000
      
478,600
  
Marsh & McLennan Companies, Inc.
    
18,000
      
1,508,580
  
MetLife, Inc.
    
25,500
      
1,324,725
  
Moody's Corporation
    
6,000
      
835,260
  
Morgan Stanley
    
54,000
      
2,601,180
  
PNC Financial Services Group, Inc. (The)
    
18,000
      
2,425,860
  
S&P Global Inc.
    
9,000
      
1,406,790
  
State Street Corporation
    
13,000
      
1,242,020
  
U.S. Bancorp
    
40,000
      
2,143,600
  
Wells Fargo & Company
    
56,800
      
3,132,520
  
 
            
62,849,940
  
HEALTH CARE - 11.20%
                
Abbott Laboratories 
    
37,000
      
1,974,320
  
AbbVie Inc.
    
72,000
      
6,397,920
  
Aetna Inc.
    
13,000
      
2,067,130
  
Allergan plc
    
4,400
      
901,780
  
Amgen Inc.
    
26,000
      
4,847,700
  
Anthem, Inc.
    
7,000
      
1,329,160
  
Baxter International Inc.
    
17,000
      
1,066,750
  
Becton, Dickinson and Company
    
6,000
      
1,175,700
  
Boston Scientific Corporation *
    
49,000
      
1,429,330
  
Bristol-Myers Squibb Company
    
34,000
      
2,167,160
  
Cardinal Health, Inc.
    
11,000
      
736,120
  
Celgene Corporation *
    
28,000
      
4,082,960
  
Cigna Corporation
    
9,000
      
1,682,460
  
Edwards Lifesciences Corporation *
    
8,000
      
874,480
  
Eli Lilly and Company
    
18,000
      
1,539,720
  
Express Scripts Holding Company *
    
22,000
      
1,393,040
  
Gilead Sciences, Inc. 
    
36,000
      
2,916,720
  
HCA Healthcare, Inc. *
    
8,000
      
636,720
  
Humana Inc.
    
5,000
      
1,218,150
  
Johnson & Johnson
    
75,700
      
9,841,757
  
McKesson Corporation 
    
6,000
      
921,660
  
Medtronic Plc
    
28,000
      
2,177,560
  
 
See accompanying notes to schedule of investments.
CORNERSTONE STRATEGIC VALUE FUND, INC.
  
SCHEDULE OF INVESTMENTS - SEPTEMBER 30, 2017 (Unaudited)
  
 
Mylan N.V. *
    
13,000
     $
407,810
  
Regeneron Pharmaceuticals, Inc. *
    
3,000
      
1,341,360
  
Thermo Fisher Scientific Inc.
    
14,000
      
2,648,800
  
UnitedHealth Group Incorporated
    
42,000
      
8,225,700
  
Vertex Pharmaceuticals Incorporated *
    
9,000
      
1,368,360
  
Zimmer Biomet Holdings, Inc.
    
3,000
      
351,270
  
             
65,721,597
  
INDUSTRIALS - 7.51%
                
3M Company
    
17,000
      
3,568,300
  
Boeing Company (The)
    
21,000
      
5,338,410
  
Caterpillar Inc.
    
16,500
      
2,057,715
  
CSX Corporation
    
32,000
      
1,736,320
  
Cummins Inc.
    
4,000
      
672,120
  
Danaher Corporation
    
17,000
      
1,458,260
  
Deere & Company
    
10,000
      
1,255,900
  
Delta Air Lines, Inc
    
26,000
      
1,253,720
  
Eaton Corporation plc
    
12,500
      
959,875
  
FedEx Corporation
    
9,000
      
2,030,220
  
Fortive Corporation
    
6,500
      
460,135
  
General Dynamics Corporation
    
8,000
      
1,644,640
  
Honeywell International Inc.
    
24,000
      
3,401,760
  
Illinois Tool Works Inc.
    
11,900
      
1,760,724
  
Ingersoll-Rand Plc
    
7,000
      
624,190
  
Norfolk Southern Corporation
    
8,000
      
1,057,920
  
Northrop Grumman Corporation
    
8,000
      
2,301,760
  
Raytheon Company
    
8,000
      
1,492,640
  
Republic Services, Inc.
    
7,000
      
462,420
  
Southwest Airlines Co.
    
21,500
      
1,203,570
  
United Parcel Service, Inc. - Class B
    
19,000
      
2,281,710
  
United Technologies Corporation
    
21,000
      
2,437,680
  
Union Pacific Corporation
    
30,000
      
3,479,100
  
Waste Management, Inc.
    
14,000
      
1,095,780
  
 
            
44,034,869
  
INFORMATION TECHNOLOGY - 17.21%
                
Activision Blizzard, Inc.
    
9,400
      
606,394
  
Adobe Systems Incorporated *
    
17,000
      
2,536,060
  
Alphabet Inc. - Class A *
    
2,000
      
1,947,440
  
Alphabet Inc. - Class C *
    
15,005
      
14,391,446
  
 
See accompanying notes to schedule of investments.
CORNERSTONE STRATEGIC VALUE FUND, INC.
  
SCHEDULE OF INVESTMENTS - SEPTEMBER 30, 2017 (Unaudited)
  
 
Analog Devices, Inc.
    
13,000
     $
1,120,210
  
Apple Inc.
    
65,000
      
10,017,800
  
Applied Materials, Inc.
    
43,000
      
2,239,870
  
Broadcom Limited
    
16,000
      
3,880,640
  
Cognizant Technology Solutions Corporation
    
6,000
      
435,240
  
Corning Incorporated
    
31,900
      
954,448
  
Electronic Arts Inc. *
    
12,000
      
1,416,720
  
Facebook, Inc. - Class A *
    
85,500
      
14,609,385
  
Fidelity National Information Services, Inc.
    
15,000
      
1,400,850
  
Fiserv, Inc. *
    
10,000
      
1,289,600
  
Intel Corporation
    
198,500
      
7,558,880
  
Intuit Inc.
    
9,000
      
1,279,260
  
Mastercard Incorporated
    
34,000
      
4,800,800
  
Micron Technology, Inc. *
    
37,000
      
1,455,210
  
Microsoft Corporation
    
156,000
      
11,620,440
  
NVIDIA Corporation
    
21,500
      
3,843,555
  
Oracle Corporation
    
87,272
      
4,219,601
  
PayPal Holdings, Inc. *
    
20,000
      
1,280,600
  
Symantec Corporation
    
10,400
      
341,224
  
TE Connectivity Ltd.
    
13,000
      
1,079,780
  
Texas Instruments Incorporated
    
35,000
      
3,137,400
  
Visa, Inc. - Class A
    
33,000
      
3,472,920
  
 
            
100,935,773
  
MATERIALS - 1.98%
                
Air Products and Chemicals, Inc.
    
7,000
      
1,058,540
  
DowDuPont Inc.
    
61,294
      
4,243,384
  
Ecolab Inc.
    
8,000
      
1,028,880
  
LyondellBasell Industries N.V.
    
12,000
      
1,188,600
  
Monsanto Company
    
12,000
      
1,437,840
  
Nucor Corporation
    
11,200
      
627,648
  
Praxair, Inc.
    
7,000
      
978,180
  
Sherwin-Williams Company (The)
    
3,000
      
1,074,120
  
 
            
11,637,192
  
REAL ESTATE - 0.60%
                
American Tower Corporation
    
17,000
      
2,323,560
  
Prologis, Inc.
    
19,000
      
1,205,740
  
 
            
3,529,300
  
 
See accompanying notes to schedule of investments.
CORNERSTONE STRATEGIC VALUE FUND, INC.
  
SCHEDULE OF INVESTMENTS - SEPTEMBER 30, 2017 (Unaudited)
  
 
TELECOMMUNICATION SERVICES - 1.59%
                
AT&T, Inc.
    
107,568
     $
4,213,439
  
Verizon Communications, Inc.
    
103,000
      
5,097,470
  
 
            
9,310,909
  
UTILITIES - 1.47%
                
American Electric Power Company, Inc.
    
14,200
      
997,408
  
DTE Energy Company
    
7,000
      
751,520
  
Edison International
    
9,800
      
756,266
  
NextEra Energy, Inc.
    
18,000
      
2,637,900
  
PG&E Corporation
    
14,000
      
953,260
  
Sempra Energy
    
9,000
      
1,027,170
  
WEC Energy Group, Inc.
    
10,000
      
627,800
  
Xcel Energy Inc.
    
19,000
      
899,080
  
 
            
8,650,404
  
TOTAL EQUITY SECURITIES (cost - $529,630,331)
            
577,883,895
  
 
                
SHORT-TERM INVESTMENT - 1.95%
                
MONEY MARKET FUND - 1.95%
                
Fidelity Institutional Money Market Government Portfolio - Class I, 0.91%^ (cost - $11,434,330)
    
11,434,330
      
11,434,330
  
 
                
TOTAL INVESTMENTS - 100.47% (cost - $541,064,661)
            
589,318,225
  
 
                
LIABILITIES IN EXCESS OF OTHER ASSETS - (0.47)%
            
(2,731,527
)
 
                
NET ASSETS - 100.00%
          
$
586,586,698
  
 
*
Non-income producing security.
^
The rate shown is the 7-day effective yield as of September 30, 2017.
 
See accompanying notes to schedule of investments.
CORNERSTONE STRATEGIC VALUE FUND, INC.
NOTES TO SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2017 (Unaudited)
 
Federal Income Tax Cost: The following information is computed on a tax basis for each item as of September 30, 2017:
 
Cost of portfolio investments
  
$
541,474,605
  
Gross unrealized appreciation
  
$
53,964,190
  
Gross unrealized depreciation
    
(6,120,570
 )
Net unrealized appreciation
  
$
47,843,620
  
 
The difference between the federal income tax cost of portfolio investments and the Schedule of Investments cost for the Fund is due to certain timing differences in the recognition of capital gains or losses under income tax regulations and generally accepted accounting principles. These "book/tax" differences are temporary in nature and are due to the tax deferral of losses on wash sales.
 
As required by the Fair Value Measurement and Disclosures Topic of the Financial Accounting Standards Board ("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.
 
The fair value hierarchy prioritizes the inputs to valuation techniques used to measure fair value into the following three broad categories:
 
·
Level 1 - quoted unadjusted prices for identical instruments in active markets to which the Fund has access at the date of measurement.
 
·
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.
 
·
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.
 
The following is a summary of the inputs used as of September 30, 2017 in valuing the Fund's investments carried at value:
         
 
 
VALUATION INPUTS
INVESTMENTS
IN
SECURITIES
  
OTHER
FINANCIAL
INSTRUMENTS*
  
 
        
Level 1 – Quoted Prices
        
 Equity Investments
  
$
577,883,895
    
$
-
  
 Short-Term Investments
    
11,434,330
      
-
  
Level 2 – Other Significant Observable Inputs
    
-
      
-
  
Level 3 – Significant Unobservable Inputs
    
-
      
-
  
Total
  
$
589,318,225
    
$
-
  
 
*
Other financial instruments include futures, forwards and swap contracts, if any.
 
The breakdown of the Fund's investments into major categories is disclosed in its Schedule of Investments.
 
As of September 30, 2017, the Fund did not have any transfers in and out of any Level.
 
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 September 30, 2017.
 
On October 13, 2016, the Securities and Exchange Commission (the “SEC”) adopted new rules and forms and amended existing rules and forms which are intended to modernize and enhance the reporting and disclosure of information by registered investment companies and to improve the quality of information that funds provide to investors, including modifications to Regulation S-X which would require standardized, enhanced disclosure about derivatives in investment company financial statements. The compliance dates of the modifications to Regulation S-X are August 1, 2017 and other amendments and rules are generally June 1, 2018 and December 1, 2018. Management is currently evaluating the impacts to the financial statement disclosures.
 
The Fund is exposed to financial market risks, including the valuations of its investment portfolio. During the three months ended September 30, 2017, the Fund did not engage in derivative instruments and other hedging activities.
 
The Fund has evaluated the need for additional disclosures and/or adjustments resulting through the date its financial statements were issued. Based on this evaluation, no additional disclosures or adjustments were required to such Schedule of Investments.
 
Securities valuation policies and other investment related disclosures are hereby incorporated by reference to the Fund's semi-annual report previously filed with the Securities and Exchange Commission on the Form N-CSR on August 23, 2017 with a file number 811-05150.
 
Other information regarding the Fund is available in the Fund’s most recent annual report. This information is also available on the Fund’s website at www.cornerstonestrategicvaluefund.com; or on the website of the Securities and Exchange Commission at www.sec.gov.
Item 2. Controls and Procedures.

(a) Based on their evaluation of the registrant’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’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 such information is recorded, processed, summarized, and reported on a timely basis.

(b) There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 3. Exhibits.

File as exhibits as part of this Form a separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the Act (17 CFR 270.30a-2(a)): Attached hereto.
SIGNATURES

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.

(Registrant) Cornerstone Strategic Value Fund, Inc.

By (Signature and Title)*
/s/ Ralph W. Bradshaw
  
   
Ralph W. Bradshaw, President and Chairman
  
   
(Principal Executive Officer)
  
       
Date
November 21, 2017
    
       
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.
       
By (Signature and Title)*
/s/ Ralph W. Bradshaw
  
   
Ralph W. Bradshaw, President and Chairman
  
   
(Principal Executive Officer)
  
       
Date
November 21, 2017
    
       
By (Signature and Title)*
/s/ Frank J. Maresca
  
   
Frank J. Maresca, Treasurer
(Principal Financial Officer)
  
       
Date
November 21, 2017
    

*
Print the name and title of each signing officer under his or her signature.