HC CAPITAL TRUST

The Value Equity Portfolio

Portfolio of Investments — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks — 99.68%
		Aerospace & Defense — 1.46%
	3,065	HEICO Corp.	$	496
	1,057	L3Harris Technologies, Inc.		184
	5,411	Lockheed Martin Corp.		2,213
	747	Northrop Grumman Corp.		329
	18,437	RTX Corp.		1,327
	5,412	The Boeing Co.(a)		1,037
	4,420	TransDigm Group, Inc.(a)		3,727
				9,313
		Air Freight & Logistics — 0.63%
	305	Expeditors International of Washington, Inc.		35
	4,786	FedEx Corp.		1,268
	1,886	GXO Logistics, Inc.(a)		111
	16,845	United Parcel Service, Inc., Class - B		2,625
				4,039
		Automobile Components — 2.12%
	7,064	General Motors Co.		233
	585	Gentex Corp.		19
	12,500	Lear Corp.		1,678
	117,723	Lucid Group, Inc.(a)		658
	55,879	Rivian Automotive, Inc., Class - A(a)		1,357
	36,457	Tesla, Inc.(a)		9,122
	37,827	The Goodyear Tire & Rubber Co.(a)		470
				13,537
		Banks — 3.37%
	225,733	Bank of America Corp.		6,181
	16,687	Bank OZK		619
	7,844	Citigroup, Inc.		323
	1,826	Citizens Financial Group, Inc.		49
	5,616	Columbia Banking System, Inc.		114
	15,989	Comerica, Inc.		664
	656	Commerce Bancshares, Inc.		31
	1,552	Cullen/Frost Bankers, Inc.		142
	3,013	East West Bancorp, Inc.		159
	13,076	Fifth Third Bancorp		331
	591	First Citizens BancShares, Inc., Class - A		816
	6,815	First Hawaiian, Inc.		123
	41,225	Huntington Bancshares, Inc.		429
	52,407	JPMorgan Chase & Co.		7,600
	3,497	M&T Bank Corp.		442
	42,174	Synovus Financial Corp.		1,172
	8,270	The PNC Financial Services Group, Inc.		1,015
	13,406	Wells Fargo & Co.		548
	16,779	Western Alliance Bancorp		771
				21,529
		Beverages — 1.78%
	4,600	Brown-Forman Corp., Class - B		265
	2,846	Constellation Brands, Inc., Class - A		715
	6,891	Keurig Dr. Pepper, Inc.		218
	9,060	Monster Beverage Corp.(a)		480
	28,839	PepsiCo, Inc.		4,886
	85,987	The Coca-Cola Co.		4,814
				11,378
		Biotechnology — 2.55%
	34,760	AbbVie, Inc.		5,180
	2,223	Alnylam Pharmaceuticals, Inc.(a)		394
	14,171	Amgen, Inc.		3,809
	8,247	Seagen, Inc.(a)		1,750
	17,938	United Therapeutics Corp.(a)		4,052

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Biotechnology (continued)
	3,143	Vertex Pharmaceuticals, Inc.(a)	$	1,093
				16,278
		Broadline Retail — 3.24%
	154,380	Amazon.com, Inc.(a)		19,624
	15,760	eBay, Inc.		695
	5,126	Ollie's Bargain Outlet Holdings, Inc.(a)		396
				20,715
		Building Products — 0.70%
	10,045	A.O. Smith Corp.		664
	21,311	Carrier Global Corp.		1,176
	13,273	Johnson Controls International PLC		706
	6,549	Masco Corp.		350
	7,831	Trane Technologies PLC		1,590
				4,486
		Capital Markets — 2.46%
	4,496	Affiliated Managers Group, Inc.		586
	2,506	Ameriprise Financial, Inc.		826
	2,656	Ares Management Corp., Class - A		273
	4,582	BlackRock, Inc.		2,962
	1,669	CME Group, Inc.		334
	7,651	Coinbase Global, Inc., Class - A(a)		574
	4,721	Evercore, Inc.		651
	16,955	Franklin Resources, Inc.		417
	2,293	Interactive Brokers Group, Inc.		198
	3,061	Intercontinental Exchange, Inc.		337
	9,972	Invesco Ltd.		145
	17,093	Jefferies Financial Group, Inc.		626
	9,493	KKR & Co., Inc.		585
	20,369	Morgan Stanley		1,664
	686	Morningstar, Inc.		161
	1,887	Nasdaq, Inc.		92
	269	S&P Global, Inc.		98
	7,695	State Street Corp.		515
	7,780	T. Rowe Price Group, Inc.		816
	25,629	The Charles Schwab Corp.		1,407
	7,506	The Goldman Sachs Group, Inc.		2,429
				15,696
		Chemicals — 1.63%
	7,464	Air Products & Chemicals, Inc.		2,116
	4,923	Axalta Coating Systems Ltd.(a)		132
	1,640	Celanese Corp.		206
	30,439	CF Industries Holdings, Inc.		2,611
	9,311	Corteva, Inc.		476
	9,217	Dow, Inc.		475
	13,063	DuPont de Nemours, Inc.		974
	1,619	Linde PLC		603
	7,173	LyondellBasell Industries N.V., Class - A		679
	24,876	Olin Corp.		1,243
	6,716	PPG Industries, Inc.		872
				10,387
		Commercial Services & Supplies — 1.35%
	11,948	Clean Harbors, Inc.(a)		2,000
	109,396	Copart, Inc.(a)		4,713
	1,577	RB Global, Inc.		99
	1,270	Republic Services, Inc.		181
	2,747	Stericycle, Inc.(a)		123
	9,682	Waste Management, Inc.		1,476
				8,592

HC CAPITAL TRUST

The Value Equity Portfolio

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Communications Equipment — 0.80%
	90,637	Cisco Systems, Inc.	$	4,872
	774	Motorola Solutions, Inc.		211
				5,083
		Construction & Engineering — 0.12%
	3,578	AECOM		297
	841	Arcosa, Inc.		60
	2,295	Quanta Services, Inc.		430
				787
		Construction Materials — 0.17%
	1,351	Martin Marietta Materials, Inc.		554
	2,578	Vulcan Materials Co.		521
				1,075
		Consumer Finance — 0.97%
	20,855	American Express Co.		3,112
	20,025	Capital One Financial Corp.		1,943
	6,409	Discover Financial Services		555
	14,450	OneMain Holdings, Inc.		579
				6,189
		Consumer Staples Distribution & Retail — 1.80%
	3,254	Casey's General Stores, Inc.		884
	2,691	Costco Wholesale Corp.		1,520
	952	Dollar General Corp.		101
	4,169	Dollar Tree, Inc.(a)		444
	9,412	Sysco Corp.		622
	17,745	Target Corp.		1,961
	9,040	The Kroger Co.		405
	34,781	Walmart, Inc.		5,562
				11,499
		Containers & Packaging — 0.33%
	262	AptarGroup, Inc.		33
	27	Avery Dennison Corp.		5
	22,939	Ball Corp.		1,142
	10,608	International Paper Co.		376
	2,050	Packaging Corp. of America		315
	2,320	Silgan Holdings, Inc.		100
	2,452	Sonoco Products Co.		133
				2,104
		Distributors — 0.09%
	3,827	Genuine Parts Co.		553
		Diversified Consumer Services — 0.08%
	7,498	H&R Block, Inc.		323
	3,097	Service Corp. International		177
				500
		Diversified REITs — 0.02%
	1,385	Federal Realty Investment Trust		126
		Diversified Telecommunication Services — 0.25%
	4,671	GCI Liberty, Inc.(a)(b)		—
	48,780	Verizon Communications, Inc.		1,581
				1,581
		Electric Utilities — 1.37%
	1,604	Alliant Energy Corp.		78
	30,034	American Electric Power Co., Inc.		2,259
	3,035	Constellation Energy Corp.		331

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Electric Utilities (continued)
	7,685	Duke Energy Corp.	$	678
	1,914	Edison International		121
	9,746	Eversource Energy		567
	9,106	Exelon Corp.		344
	35,480	NextEra Energy, Inc.		2,033
	32,159	The Southern Co.		2,081
	4,017	Xcel Energy, Inc.		230
				8,722
		Electrical Equipment — 0.83%
	3,350	AMETEK, Inc.		495
	12,355	Eaton Corp. PLC		2,635
	16,658	Emerson Electric Co.		1,609
	3,984	Regal Rexnord Corp.		569
				5,308
		Electronic Equipment, Instruments & Components — 0.02%
	1,050	Keysight Technologies, Inc.(a)		139
		Energy Equipment & Services — 0.71%
	26,930	Halliburton Co.		1,091
	6,095	Helmerich & Payne, Inc.		257
	23,556	Patterson-UTI Energy, Inc.		326
	42,009	Schlumberger N.V.		2,449
	21,429	TechnipFMC PLC		436
				4,559
		Entertainment — 0.83%
	2,063	Activision Blizzard, Inc.		193
	430	Atlanta Braves Holdings, Inc.(a)		15
	14,871	Liberty Media Corp.-Liberty Formula One(a)		926
	636	Liberty Media Corp.-Liberty Live(a)		20
	4,935	Netflix, Inc.(a)		1,864
	28,322	The Walt Disney Co.(a)		2,296
				5,314
		Financial Services — 3.58%
	8,213	Apollo Global Management, Inc.		737
	23,433	Berkshire Hathaway, Inc., Class - B(a)		8,208
	14,613	Equitable Holdings, Inc.		415
	3,316	Fiserv, Inc.(a)		375
	4,425	Global Payments, Inc.		511
	18,311	Mastercard, Inc., Class - A		7,249
	23,246	Visa, Inc., Class - A		5,347
	43	WEX, Inc.(a)		8
				22,850
		Food Products — 0.77%
	13,782	Archer-Daniels-Midland Co.		1,040
	3,437	Campbell Soup Co.		141
	16,807	Conagra Brands, Inc.		461
	5,689	Flowers Foods, Inc.		126
	12,760	General Mills, Inc.		817
	2,450	Hormel Foods Corp.		93
	10,284	Kellogg Co.		612
	9,502	Mondelez International, Inc., Class - A		659
	1,277	Post Holdings, Inc.(a)		109
	1,964	The Hershey Co.		393
	13,887	The Kraft Heinz Co.		467
				4,918

HC CAPITAL TRUST

The Value Equity Portfolio

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Gas Utilities — 0.01%
	808	Atmos Energy Corp.	$	86
		Ground Transportation — 1.16%
	4,011	CSX Corp.		123
	2,655	Knight-Swift Transportation Holdings, Inc.		133
	5,345	Norfolk Southern Corp.		1,053
	1,462	Old Dominion Freight Line, Inc.		598
	1,886	RXO, Inc.(a)		37
	7,527	Ryder System, Inc.		805
	13,196	Uber Technologies, Inc.(a)		607
	327	U-Haul Holding Co.(a)		18
	2,943	U-Haul Holding Co.		154
	18,473	Union Pacific Corp.		3,762
	1,886	XPO, Inc.(a)		141
				7,431
		Health Care Equipment & Supplies — 2.13%
	48,674	Abbott Laboratories		4,713
	5,533	Align Technology, Inc.(a)		1,689
	4,797	Becton Dickinson & Co.		1,240
	5,314	Dexcom, Inc.(a)		496
	9,953	Edwards Lifesciences Corp.(a)		690
	1,648	Enovis Corp.(a)		87
	2,648	GE HealthCare Technologies, Inc.		180
	1,653	IDEXX Laboratories, Inc.(a)		723
	2,647	Intuitive Surgical, Inc.(a)		774
	28,708	Medtronic PLC		2,250
	1,434	Penumbra, Inc.(a)		347
	1,498	STERIS PLC		329
	352	Teleflex, Inc.		69
				13,587
		Health Care Providers & Services — 3.02%
	3,127	AmerisourceBergen Corp.		563
	24,101	Centene Corp.(a)		1,660
	14,322	CVS Health Corp.		1,000
	4,252	Elevance Health, Inc.		1,851
	4,756	HCA Healthcare, Inc.		1,170
	2,789	Humana, Inc.		1,357
	2,131	Laboratory Corp. of America Holdings		428
	4,072	McKesson Corp.		1,771
	992	Molina Healthcare, Inc.(a)		325
	2,928	Quest Diagnostics, Inc.		357
	11,241	The Cigna Group		3,216
	11,048	UnitedHealth Group, Inc.		5,570
				19,268
		Health Care REITs — 0.07%
	5,701	Welltower, Inc.		467
		Health Care Technology — 0.38%
	11,861	Veeva Systems, Inc., Class - A(a)		2,413
		Hotels, Restaurants & Leisure — 2.07%
	3,359	Airbnb, Inc., Class - A(a)		461
	7,828	Caesars Entertainment, Inc.(a)		363
	2,249	Darden Restaurants, Inc.		322
	23,594	DraftKings, Inc.(a)		695
	148	Hilton Worldwide Holdings, Inc.		22
	3,826	Hyatt Hotels Corp., Class - A		406
	1,434	Marriott International, Inc., Class - A		282
	20,166	McDonald's Corp.		5,312
	51,410	Norwegian Cruise Line Holdings Ltd.(a)		847
	16,947	Royal Caribbean Cruises Ltd.(a)		1,561

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Hotels, Restaurants & Leisure (continued)
	30,827	Starbucks Corp.	$	2,814
	546	Vail Resorts, Inc.		121
				13,206
		Household Durables — 0.50%
	3,443	D.R. Horton, Inc.		370
	3,121	Garmin Ltd.		328
	3,252	Leggett & Platt, Inc.		83
	6,964	Lennar Corp., Class - A		782
	83	Lennar Corp., Class - B		8
	4,132	PulteGroup, Inc.		306
	17,676	Toll Brothers, Inc.		1,307
				3,184
		Household Products — 1.58%
	2,171	Church & Dwight Co., Inc.		199
	16,240	Kimberly-Clark Corp.		1,963
	1,218	The Clorox Co.		160
	53,465	The Procter & Gamble Co.		7,798
				10,120
		Industrial Conglomerates — 0.60%
	7,946	General Electric Co.		878
	16,050	Honeywell International, Inc.		2,966
				3,844
		Industrial REITs — 0.59%
	35,435	Americold Realty Trust, Inc.		1,078
	20,968	Prologis, Inc.		2,352
	6,543	Rexford Industrial Realty, Inc.		323
				3,753
		Insurance — 2.09%
	23,465	Aflac, Inc.		1,801
	560	Aon PLC, Class - A		182
	3,589	Arthur J. Gallagher & Co.		818
	1,195	Assurant, Inc.		172
	1,709	Brown & Brown, Inc.		119
	3,252	Cincinnati Financial Corp.		333
	52,976	Fidelity National Financial, Inc.		2,188
	27,206	Lincoln National Corp.		672
	2,577	Marsh & McLennan Cos., Inc.		490
	26,353	MetLife, Inc.		1,658
	7,077	Old Republic International Corp.		191
	6,114	Prudential Financial, Inc.		580
	3,014	RenaissanceRe Holdings Ltd.		597
	26,534	The Allstate Corp.		2,955
	2,945	The Progressive Corp.		410
	3,246	W.R. Berkley Corp.		206
				13,372
		Interactive Media & Services — 5.89%
	125,340	Alphabet, Inc., Class - A(a)		16,403
	91,660	Alphabet, Inc., Class - C(a)		12,085
	7,722	IAC, Inc.(a)		389
	29,177	Meta Platforms, Inc., Class - A(a)		8,759
				37,636
		IT Services — 1.16%
	2,831	Accenture PLC, Class - A		869
	3,168	Akamai Technologies, Inc.(a)		338
	1,853	Cognizant Technology Solutions Corp., Class - A		126
	8,471	EPAM Systems, Inc.(a)		2,165

HC CAPITAL TRUST

The Value Equity Portfolio

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		IT Services (continued)
	13,957	GoDaddy, Inc., Class - A(a)	$	1,040
	2,117	International Business Machines Corp.		297
	13,322	Okta, Inc.(a)		1,086
	4,262	Snowflake, Inc., Class - A(a)		651
	4,247	VeriSign, Inc.(a)		860
				7,432
		Leisure Products — 0.12%
	1,780	Brunswick Corp.		141
	1,159	Hasbro, Inc.		77
	10,271	Mattel, Inc.(a)		226
	3,276	Polaris, Inc.		341
				785
		Life Sciences Tools & Services — 1.11%
	4,371	Agilent Technologies, Inc.		489
	398	Bio-Rad Laboratories, Inc., Class - A(a)		143
	1,294	Bruker Corp.		81
	438	Charles River Laboratories International, Inc.(a)		86
	3,501	Danaher Corp.		869
	2,131	Fortrea Holdings, Inc.(a)		61
	710	IQVIA Holdings, Inc.(a)		140
	2,796	Mettler-Toledo International, Inc.(a)		3,097
	2,339	QIAGEN N.V.(a)		95
	485	Revvity, Inc.		54
	3,456	Thermo Fisher Scientific, Inc.		1,748
	720	Waters Corp.(a)		197
				7,060
		Machinery — 1.69%
	11,054	AGCO Corp.		1,307
	12,196	Caterpillar, Inc.		3,330
	5,428	Cummins, Inc.		1,240
	53	Donaldson Co., Inc.		3
	4,752	Dover Corp.		663
	1,648	Esab Corp.		116
	28	IDEX Corp.		6
	6,910	Ingersoll Rand, Inc.		440
	1,442	ITT, Inc.		141
	1,244	Nordson Corp.		278
	17,062	Oshkosh Corp.		1,628
	7,507	Otis Worldwide Corp.		603
	1,693	Parker-Hannifin Corp.		659
	2,490	The Timken Co.		183
	1,711	Westinghouse Air Brake Technologies Corp.		182
	485	Xylem, Inc.		44
				10,823
		Media — 0.72%
	84,982	Comcast Corp., Class - A		3,767
	4,889	Fox Corp., Class - A		153
	3,789	Omnicom Group, Inc.		282
	14,641	The Interpublic Group of Cos., Inc.		420
				4,622
		Metals & Mining — 0.57%
	49,484	Alcoa Corp.		1,438
	18,550	Newmont Corp.		685
	8,225	Nucor Corp.		1,286
	1,912	Steel Dynamics, Inc.		205
				3,614

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Mortgage Real Estate Investment Trusts  — 0.09%
	46,913	AGNC Investment Corp.	$	443
	15,165	Rithm Capital Corp.		141
				584
		Multi-Utilities — 0.67%
	2,674	Ameren Corp.		200
	1,937	CMS Energy Corp.		103
	1,642	Consolidated Edison, Inc.		140
	1,144	Dominion Energy, Inc.		51
	1,043	DTE Energy Co.		104
	72,854	NiSource, Inc.		1,799
	5,865	Public Service Enterprise Group, Inc.		334
	1,902	Sempra Energy		129
	17,371	WEC Energy Group, Inc.		1,399
				4,259
		Oil, Gas & Consumable Fuels — 3.75%
	19,551	Antero Midstream Corp.		234
	7,263	Cheniere Energy, Inc.		1,205
	19,851	Chevron Corp.		3,347
	5,077	ConocoPhillips		608
	63,641	Coterra Energy, Inc.		1,721
	30,851	Devon Energy Corp.		1,472
	521	DT Midstream, Inc.		28
	3,995	EOG Resources, Inc.		506
	7,396	EQT Corp.		300
	48,580	Exxon Mobil Corp.		5,713
	16,993	Hess Corp.		2,600
	11,538	Marathon Petroleum Corp.		1,746
	26,124	Occidental Petroleum Corp.		1,695
	6,401	ONEOK, Inc.		406
	6,951	Targa Resources Corp.		596
	41,203	The Williams Cos., Inc.		1,388
	2,242	Valero Energy Corp.		318
	2,011	Vitesse Energy, Inc.		46
				23,929
		Paper & Forest Products — 0.01%
	964	Sylvamo Corp.		42
		Passenger Airlines — 0.14%
	8,716	Alaska Air Group, Inc.(a)		323
	28,157	American Airlines Group, Inc.(a)		361
	2,097	Copa Holdings SA, Class - A		187
				871
		Personal Care Products — 0.04%
	1,700	The Estee Lauder Cos., Inc.		246
		Pharmaceuticals — 4.21%
	30,890	Bristol-Myers Squibb Co.		1,793
	15,767	Eli Lilly & Co.		8,469
	1,000	Jazz Pharmaceuticals PLC(a)		129
	44,819	Johnson & Johnson		6,981
	58,424	Merck & Co., Inc.		6,015
	6,434	Organon & Co.		112
	99,288	Pfizer, Inc.		3,293
	8,046	Viatris, Inc.		79
				26,871
		Professional Services — 1.27%
	26,820	CoStar Group, Inc.(a)		2,062
	1,081	Equifax, Inc.		198

HC CAPITAL TRUST

The Value Equity Portfolio

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Professional Services (continued)
	717	Jacobs Solutions, Inc.	$	98
	1,829	Leidos Holdings, Inc.		169
	6,910	Paychex, Inc.		797
	8,321	Paycom Software, Inc.		2,157
	825	Robert Half International, Inc.		60
	10,910	Verisk Analytics, Inc.		2,578
				8,119
		Real Estate Management & Development — 0.12%
	1,691	CBRE Group, Inc., Class - A(a)		125
	4,563	Howard Hughes Holdings, Inc.(a)		338
	2,009	Jones Lang LaSalle, Inc.(a)		284
				747
		Residential REITs — 0.32%
	3,688	American Homes 4 Rent, Class - A		124
	7,024	Camden Property Trust		665
	2,122	Equity LifeStyle Properties, Inc.		135
	507	Essex Property Trust, Inc.		108
	10,627	Invitation Homes, Inc.		337
	2,029	Mid-America Apartment Communities, Inc.		261
	1,913	Sun Communities, Inc.		226
	4,609	UDR, Inc.		164
				2,020
		Retail REITs — 0.30%
	27,975	Brixmor Property Group, Inc.		581
	19,277	Realty Income Corp.		963
	35,601	The Macerich Co.		388
				1,932
		Semiconductors & Semiconductor Equipment — 6.06%
	11,746	Advanced Micro Devices, Inc.(a)		1,208
	3,728	Analog Devices, Inc.		653
	21,151	Applied Materials, Inc.		2,928
	2,918	Broadcom, Inc.		2,424
	63,964	Intel Corp.		2,274
	3,090	KLA Corp.		1,417
	1,129	Lam Research Corp.		708
	6,026	Marvell Technology, Inc.		326
	2,758	Micron Technology, Inc.		188
	47,156	NVIDIA Corp.		20,512
	7,270	QUALCOMM, Inc.		807
	3,842	Skyworks Solutions, Inc.		379
	23,905	Texas Instruments, Inc.		3,801
	6,964	Universal Display Corp.		1,093
				38,718
		Software — 10.77%
	12,361	Adobe, Inc.(a)		6,302
	10,190	Autodesk, Inc.(a)		2,108
	512	Dolby Laboratories, Inc., Class - A		41
	27,227	Manhattan Associates, Inc.(a)		5,382
	137,229	Microsoft Corp.		43,329
	56,988	Oracle Corp.		6,036
	41	Roper Technologies, Inc.		20
	3,137	Salesforce, Inc.(a)		636
	8,243	ServiceNow, Inc.(a)		4,608
	668	Synopsys, Inc.(a)		307
				68,769
		Specialized REITs — 0.92%
	5,297	American Tower Corp.		871
	2,473	Crown Castle, Inc.		228

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Specialized REITs (continued)
	5,913	CubeSmart	$	225
	9,861	Digital Realty Trust, Inc.		1,193
	1,956	Equinix, Inc.		1,421
	5,142	Extra Space Storage, Inc.		625
	5,259	Iron Mountain, Inc.		313
	846	Lamar Advertising Co., Class - A		71
	2,688	Public Storage		708
	8,362	VICI Properties, Inc.		243
				5,898
		Specialty Retail — 2.38%
	2,829	AutoNation, Inc.(a)		428
	22	AutoZone, Inc.(a)		56
	6,524	Bath & Body Works, Inc.		221
	7,757	Best Buy Co., Inc.		539
	4,609	Dick's Sporting Goods, Inc.		500
	923	Five Below, Inc.(a)		149
	36,426	Floor & Decor Holdings, Inc., Class - A(a)		3,297
	3,541	Lowe's Cos., Inc.		736
	7,287	Penske Automotive Group, Inc.		1,217
	17,296	The Home Depot, Inc.		5,225
	21,249	The TJX Cos., Inc.		1,889
	2,059	Tractor Supply Co.		418
	2,174	Victoria's Secret & Co.(a)		36
	3,016	Williams-Sonoma, Inc.		469
				15,180
		Technology Hardware, Storage & Peripherals — 7.64%
	271,276	Apple, Inc.		46,444
	83,952	HP, Inc.		2,158
	2,448	NetApp, Inc.		186
				48,788
		Textiles, Apparel & Luxury Goods — 0.26%
	6,619	Capri Holdings Ltd.(a)		348
	9,230	NIKE, Inc., Class - B		883
	1,533	Ralph Lauren Corp.		178
	7,801	Tapestry, Inc.		224
				1,633
		Tobacco — 0.33%
	36,600	Altria Group, Inc.		1,539
	6,325	Philip Morris International, Inc.		586
				2,125
		Trading Companies & Distributors — 0.37%
	13,428	Fastenal Co.		734
	1,130	Watsco, Inc.		427
	8,335	WESCO International, Inc.		1,198
				2,359
		Water Utilities — 0.02%
	1,178	American Water Works Co., Inc.		146
		Wireless Telecommunication Services — 0.52%
	23,667	T-Mobile US, Inc.		3,315
		Total Common Stocks		636,511

HC CAPITAL TRUST

The Value Equity Portfolio

Portfolio of Investments (concluded) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Investment Company — 0.39%
	2,472,751	State Street Institutional Treasury Plus Money Market Fund, Trust Class, 5.23%(c)	$	2,473
		Total Investment Company		2,473
		Total Investments (cost $285,965) — 100.07%		638,984
		Liabilities in excess of other assets — (0.07)%		(421	)
		Net Assets - 100.00%	$	638,563

Amounts designated as "—" are $0 or have been rounded to $0.

(a)	Represents non-income producing security.
(b)	Security was valued using significant unobservable inputs as of September 30, 2023.
(c)	Annualized 7-day yield as of period-end.

REIT—Real Estate Investment Trust

As of September 30, 2023, 100% of the Portfolio's net assets were managed by Parametric Portfolio Associates, LLC.

HC CAPITAL TRUST

The Growth Equity Portfolio

Portfolio of Investments — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks — 99.37%
		Aerospace & Defense — 0.74%
	5,461	General Dynamics Corp.	$	1,207
	391	HEICO Corp.		63
	728	HEICO Corp., Class - A		94
	4,826	L3Harris Technologies, Inc.		840
	1,511	Northrop Grumman Corp.		665
	33,522	RTX Corp.		2,414
	475	TransDigm Group, Inc.(a)		400
				5,683
		Air Freight & Logistics — 0.09%
	4,946	Expeditors International of Washington, Inc.		567
	1,658	GXO Logistics, Inc.(a)		97
				664
		Automobile Components — 2.28%
	71,725	Ford Motor Co.		891
	12,720	Mobileye Global, Inc., Class - A(a)		529
	77,833	Rivian Automotive, Inc., Class - A(a)		1,890
	56,731	Tesla, Inc.(a)		14,194
				17,504
		Automobiles — 0.15%
	123,477	Dr. Ing hc F Porsche AG, ADR		1,150
		Banks — 1.50%
	10,612	Bank of America Corp.		291
	13,206	Bank OZK		490
	13,240	Citizens Financial Group, Inc.		355
	40,559	Comerica, Inc.		1,685
	1,150	Cullen/Frost Bankers, Inc.		105
	29,928	East West Bancorp, Inc.		1,578
	86,090	First Horizon Corp.		949
	36,888	Huntington Bancshares, Inc.		384
	23,824	JPMorgan Chase & Co.		3,454
	106,556	Regions Financial Corp.		1,832
	10,848	Zions Bancorp NA		378
				11,501
		Beverages — 1.36%
	7,236	Brown-Forman Corp., Class - B		417
	17,862	Monster Beverage Corp.(a)		946
	29,046	PepsiCo, Inc.		4,922
	74,917	The Coca-Cola Co.		4,194
				10,479
		Biotechnology — 1.80%
	9,107	Alnylam Pharmaceuticals, Inc.(a)		1,613
	15,151	Amgen, Inc.		4,071
	1,817	Argenx SE, ADR(a)		893
	19,253	Moderna, Inc.(a)		1,989
	14,430	Natera, Inc.(a)		639
	800	Neurocrine Biosciences, Inc.(a)		90
	2,019	Regeneron Pharmaceuticals, Inc.(a)		1,662
	1,014	Seagen, Inc.(a)		215
	7,673	Vertex Pharmaceuticals, Inc.(a)		2,668
				13,840
		Broadline Retail — 4.93%
	269,190	Amazon.com, Inc.(a)		34,219
	2,900	MercadoLibre, Inc.(a)		3,677
				37,896

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Building Products — 0.26%
	404	Armstrong World Industries, Inc.	$	29
	17,452	Carrier Global Corp.		963
	48,582	Resideo Technologies, Inc.(a)		768
	1,218	Trane Technologies PLC		247
				2,007
		Capital Markets — 2.28%
	2,335	Cboe Global Markets, Inc.		365
	6,242	CME Group, Inc.		1,250
	1,203	FactSet Research Systems, Inc.		526
	2,582	Intercontinental Exchange, Inc.		284
	143,372	Invesco Ltd.		2,082
	18,395	Janus Henderson Group PLC		475
	713	LPL Financial Holdings, Inc.		169
	349	MarketAxess Holdings, Inc.		75
	3,942	Moody's Corp.		1,247
	31,488	Morgan Stanley		2,572
	390	Morningstar, Inc.		91
	838	MSCI, Inc.		430
	36,398	Robinhood Markets, Inc., Class - A(a)		357
	9,901	S&P Global, Inc.		3,617
	2,032	T. Rowe Price Group, Inc.		213
	16,324	The Charles Schwab Corp.		896
	8,763	The Goldman Sachs Group, Inc.		2,835
				17,484
		Chemicals — 1.57%
	3,430	Air Products & Chemicals, Inc.		972
	13,075	CF Industries Holdings, Inc.		1,121
	30,407	Ecolab, Inc.		5,151
	999	FMC Corp.		67
	28,629	LyondellBasell Industries N.V., Class - A		2,711
	19,809	The Chemours Co.		556
	5,811	The Scotts Miracle-Gro Co.		300
	4,752	The Sherwin-Williams Co.		1,212
				12,090
		Commercial Services & Supplies — 0.26%
	1,845	Cintas Corp.		887
	26,608	Copart, Inc.(a)		1,147
				2,034
		Communications Equipment — 0.85%
	4,776	Arista Networks, Inc.(a)		878
	101,754	Cisco Systems, Inc.		5,470
	825	F5, Inc.(a)		133
	153	Motorola Solutions, Inc.		42
				6,523
		Construction & Engineering — 0.01%
	374	Quanta Services, Inc.		70
		Consumer Finance — 0.26%
	95	Credit Acceptance Corp.(a)		44
	141,214	SLM Corp.		1,923
				1,967
		Consumer Staples Distribution & Retail — 1.91%
	16,376	Costco Wholesale Corp.		9,252
	939	Dollar General Corp.		99
	4,517	Dollar Tree, Inc.(a)		481
	8,706	Sysco Corp.		575
	1,413	Walgreens Boots Alliance, Inc.		31

HC CAPITAL TRUST

The Growth Equity Portfolio

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Consumer Staples Distribution & Retail (continued)
	26,416	Walmart, Inc.	$	4,225
				14,663
		Containers & Packaging — 0.14%
	1,280	AptarGroup, Inc.		160
	747	Avery Dennison Corp.		136
	841	Packaging Corp. of America		129
	14,972	Silgan Holdings, Inc.		646
				1,071
		Distributors — 0.07%
	2,966	Genuine Parts Co.		428
	381	Pool Corp.		136
				564
		Diversified Consumer Services — 0.01%
	1,727	Service Corp. International		99
		Diversified Telecommunication Services — 0.04%
	19,117	Frontier Communications Parent, Inc.(a)		299
	4,099	GCI Liberty, Inc.(a)(b)		—
				299
		Electric Utilities — 0.67%
	15,796	Edison International		1,000
	60,365	FirstEnergy Corp.		2,063
	4,256	NextEra Energy, Inc.		244
	36,550	NRG Energy, Inc.		1,408
	12,422	OGE Energy Corp.		414
				5,129
		Electrical Equipment — 0.35%
	5,157	AMETEK, Inc.		762
	13,294	Emerson Electric Co.		1,284
	1,210	Hubbell, Inc.		379
	931	Rockwell Automation, Inc.		266
				2,691
		Electronic Equipment, Instruments & Components — 0.15%
	12,210	Amphenol Corp., Class - A		1,026
	2,343	Vontier Corp.		72
	376	Zebra Technologies Corp.(a)		89
				1,187
		Entertainment — 0.67%
	11,711	Netflix, Inc.(a)		4,422
	9,543	Roku, Inc.(a)		674
	248	The Walt Disney Co.(a)		20
				5,116
		Financial Services — 5.15%
	18,726	Berkshire Hathaway, Inc., Class - B(a)		6,560
	34,972	Equitable Holdings, Inc.		993
	756	Fiserv, Inc.(a)		85
	1,270	FleetCor Technologies, Inc.(a)		324
	7,975	Global Payments, Inc.		920
	18,980	Mastercard, Inc., Class - A		7,514
	34,688	PayPal Holdings, Inc.(a)		2,028
	82,895	Visa, Inc., Class - A		19,067
	31,527	Voya Financial, Inc.		2,095
				39,586

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Food Products — 0.90%
	70,463	Conagra Brands, Inc.	$	1,932
	5,224	Hormel Foods Corp.		199
	413	Lamb Weston Holdings, Inc.		38
	5,092	McCormick & Co., Inc./MD		385
	56,218	Mondelez International, Inc., Class - A		3,901
	1,045	The Hershey Co.		209
	2,332	The J.M. Smucker Co.		287
				6,951
		Gas Utilities — 0.22%
	33,223	National Fuel Gas Co.		1,725
		Ground Transportation — 1.68%
	124,263	CSX Corp.		3,821
	1,274	Landstar System, Inc.		225
	562	Old Dominion Freight Line, Inc.		230
	70,316	Uber Technologies, Inc.(a)		3,234
	916	U-Haul Holding Co.(a)		50
	8,244	U-Haul Holding Co.		432
	24,231	Union Pacific Corp.		4,934
				12,926
		Health Care Equipment & Supplies — 2.27%
	34,185	Abbott Laboratories		3,312
	10,657	Baxter International, Inc.		402
	4,799	Becton Dickinson & Co.		1,241
	10,892	Boston Scientific Corp.(a)		575
	9,583	Dexcom, Inc.(a)		894
	15,477	Edwards Lifesciences Corp.(a)		1,072
	1,344	Embecta Corp.		20
	3,887	GE HealthCare Technologies, Inc.		264
	2,690	IDEXX Laboratories, Inc.(a)		1,176
	16,722	Intuitive Surgical, Inc.(a)		4,888
	4,072	ResMed, Inc.		602
	9,642	Stryker Corp.		2,635
	3,346	Zimmer Biomet Holdings, Inc.		375
				17,456
		Health Care Providers & Services — 2.68%
	22,388	Acadia Healthcare Co., Inc.(a)		1,574
	1,650	Centene Corp.(a)		114
	22,394	CVS Health Corp.		1,564
	5,215	Elevance Health, Inc.		2,271
	3,283	Henry Schein, Inc.(a)		244
	1,952	Laboratory Corp. of America Holdings		392
	4,595	McKesson Corp.		1,998
	2,799	Quest Diagnostics, Inc.		341
	23,980	UnitedHealth Group, Inc.		12,090
				20,588
		Health Care REITs — 0.27%
	10,405	Omega Healthcare Investors, Inc.		345
	40,605	Ventas, Inc.		1,711
				2,056
		Health Care Technology — 0.07%
	2,596	Veeva Systems, Inc., Class - A(a)		528
		Hotels, Restaurants & Leisure — 2.36%
	14,944	Airbnb, Inc., Class - A(a)		2,050
	1,179	Booking Holdings, Inc.(a)		3,636
	31,802	Carnival Corp.(a)		436
	568	Chipotle Mexican Grill, Inc.(a)		1,040
	1,046	Choice Hotels International, Inc.		128

HC CAPITAL TRUST

The Growth Equity Portfolio

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Hotels, Restaurants & Leisure (continued)
	9,093	Marriott International, Inc., Class - A	$	1,788
	98,020	Starbucks Corp.		8,947
	310	Vail Resorts, Inc.		69
				18,094
		Household Durables — 0.03%
	2,470	Garmin Ltd.		260
		Household Products — 1.09%
	5,143	Church & Dwight Co., Inc.		471
	9,514	Colgate-Palmolive Co.		677
	7,129	Kimberly-Clark Corp.		862
	2,554	The Clorox Co.		335
	41,123	The Procter & Gamble Co.		5,997
				8,342
		Independent Power and Renewable Electricity Producers — 0.22%
	51,268	Vistra Corp.		1,701
		Industrial Conglomerates — 0.42%
	12,543	3M Co.		1,174
	11,662	General Electric Co.		1,290
	4,278	Honeywell International, Inc.		790
				3,254
		Insurance — 2.10%
	9,715	Aflac, Inc.		746
	7,992	Aon PLC, Class - A		2,592
	1,155	Arthur J. Gallagher & Co.		263
	16,505	Axis Capital Holdings Ltd.		930
	11,297	Chubb Ltd.		2,353
	171	Erie Indemnity Co., Class - A		50
	43,476	Lincoln National Corp.		1,073
	11,845	Marsh & McLennan Cos., Inc.		2,254
	22,534	Principal Financial Group, Inc.		1,624
	4,893	Prudential Financial, Inc.		464
	7,591	Reinsurance Group of America, Inc.		1,102
	5,565	The Progressive Corp.		775
	6,974	The Travelers Cos., Inc.		1,139
	15,794	Unum Group		777
				16,142
		Interactive Media & Services — 6.44%
	114,616	Alphabet, Inc., Class - A(a)		14,999
	156,306	Alphabet, Inc., Class - C(a)		20,609
	646	IAC, Inc.(a)		33
	1,412	Match Group, Inc.(a)		55
	45,879	Meta Platforms, Inc., Class - A(a)		13,773
				49,469
		IT Services — 1.22%
	12,354	Accenture PLC, Class - A		3,795
	2,241	Cognizant Technology Solutions Corp., Class - A		152
	5,940	MongoDB, Inc.(a)		2,054
	18,740	Okta, Inc.(a)		1,527
	12,281	Snowflake, Inc., Class - A(a)		1,876
				9,404
		Leisure Products — 0.02%
	1,422	Polaris, Inc.		148

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Life Sciences Tools & Services — 1.25%
	4,564	Bio-Techne Corp.	$	311
	440	Bruker Corp.		27
	11,718	Danaher Corp.		2,907
	1,952	Fortrea Holdings, Inc.(a)		56
	758	Mettler-Toledo International, Inc.(a)		840
	239	Revvity, Inc.		26
	9,568	Thermo Fisher Scientific, Inc.		4,843
	2,297	Waters Corp.(a)		630
				9,640
		Machinery — 1.64%
	9,555	Caterpillar, Inc.		2,608
	4,840	Deere & Co.		1,827
	3,369	Dover Corp.		470
	5,857	Fortive Corp.		434
	1,569	Graco, Inc.		114
	2,179	IDEX Corp.		453
	8,257	Illinois Tool Works, Inc.		1,902
	6,973	Ingersoll Rand, Inc.		444
	506	Nordson Corp.		113
	8,726	Otis Worldwide Corp.		701
	11,372	The Middleby Corp.(a)		1,456
	927	The Toro Co.		77
	14,765	Westinghouse Air Brake Technologies Corp.		1,569
	4,438	Xylem, Inc.		404
				12,572
		Media — 0.70%
	478	Cable One, Inc.		294
	257,637	DISH Network Corp., Class - A(a)		1,511
	11,755	Liberty Media Corp.-Liberty SiriusXM(a)		299
	4,935	Omnicom Group, Inc.		368
	104,588	Paramount Global, Class - B		1,349
	17,241	The Interpublic Group of Cos., Inc.		494
	13,683	The Trade Desk, Inc., Class - A(a)		1,069
				5,384
		Metals & Mining — 0.05%
	12,963	United States Steel Corp.		421
		Mortgage Real Estate Investment Trusts  — 0.27%
	183,185	Rithm Capital Corp.		1,702
	20,515	Starwood Property Trust, Inc.		397
				2,099
		Multi-Utilities — 0.50%
	84,210	CenterPoint Energy, Inc.		2,261
	15,797	DTE Energy Co.		1,568
				3,829
		Oil, Gas & Consumable Fuels — 3.31%
	54,988	Antero Midstream Corp.		659
	24,368	ConocoPhillips		2,919
	79,339	Devon Energy Corp.		3,785
	7,898	DT Midstream, Inc.		418
	21,212	EQT Corp.		861
	31,930	Exxon Mobil Corp.		3,754
	114,575	Marathon Oil Corp.		3,065
	13,944	ONEOK, Inc.		884
	4,640	Pioneer Natural Resources Co.		1,065
	95,111	Range Resources Corp.		3,083
	28,597	Targa Resources Corp.		2,451

HC CAPITAL TRUST

The Growth Equity Portfolio

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Oil, Gas & Consumable Fuels (continued)
	73,536	The Williams Cos., Inc.	$	2,477
				25,421
		Passenger Airlines — 0.14%
	10,129	Alaska Air Group, Inc.(a)		376
	18,665	Delta Air Lines, Inc.		690
				1,066
		Personal Care Products — 0.37%
	23,041	L'Oreal SA, ADR		1,909
	6,209	The Estee Lauder Cos., Inc.		898
				2,807
		Pharmaceuticals — 4.63%
	37,487	AstraZeneca PLC, ADR		2,539
	32,406	Eli Lilly & Co.		17,406
	31,287	Johnson & Johnson		4,873
	55,581	Merck & Co., Inc.		5,722
	43,596	Novo Nordisk A/S, ADR		3,965
	5,558	Organon & Co.		96
	11,882	Viatris, Inc.		117
	4,740	Zoetis, Inc.		825
				35,543
		Professional Services — 2.00%
	55,077	Automatic Data Processing, Inc.		13,250
	2,371	Broadridge Financial Solutions, Inc.		425
	3,010	CoStar Group, Inc.(a)		231
	2,353	Equifax, Inc.		431
	1,598	Jack Henry & Associates, Inc.		242
	1,391	SS&C Technologies Holdings, Inc.		73
	2,931	Verisk Analytics, Inc.		692
				15,344
		Real Estate Management & Development — 0.01%
	1,272	CBRE Group, Inc., Class - A(a)		94
		Residential REITs — 0.01%
	1,608	Equity LifeStyle Properties, Inc.		102
		Retail REITs — 0.08%
	52,271	SITE Centers Corp.		645
		Semiconductors & Semiconductor Equipment — 7.67%
	121,355	Advanced Micro Devices, Inc.(a)		12,478
	8,866	Analog Devices, Inc.		1,552
	6,209	Applied Materials, Inc.		860
	13,431	ARM Holdings PLC, ADR(a)		719
	2,254	ASML Holding N.V., NYS		1,327
	8,693	Broadcom, Inc.		7,220
	4,234	First Solar, Inc.(a)		684
	63,448	Intel Corp.		2,256
	1,378	KLA Corp.		632
	1,153	Lam Research Corp.		723
	28,189	Marvell Technology, Inc.		1,526
	3,708	Microchip Technology, Inc.		289
	20,662	Micron Technology, Inc.		1,405
	54,000	NVIDIA Corp.		23,489
	3,257	ON Semiconductor Corp.(a)		303
	30,091	QUALCOMM, Inc.		3,342
				58,805
		Software — 12.93%
	12,173	Adobe, Inc.(a)		6,207

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Software (continued)
	1,974	ANSYS, Inc.(a)	$	587
	908	Atlassian Corp., Class - A(a)		183
	9,583	Cadence Design Systems, Inc.(a)		2,245
	8,581	Crowdstrike Holdings, Inc., Class - A(a)		1,436
	6,515	Fortinet, Inc.(a)		382
	1,124	HubSpot, Inc.(a)		554
	5,422	Intuit, Inc.		2,770
	187,901	Microsoft Corp.		59,332
	63,347	Oracle Corp.		6,710
	1,131	Palo Alto Networks, Inc.(a)		265
	2,476	Roper Technologies, Inc.		1,199
	73,299	Salesforce, Inc.(a)		14,863
	3,662	ServiceNow, Inc.(a)		2,047
	151	Synopsys, Inc.(a)		69
	1,628	VMware, Inc., Class - A(a)		271
	566	Workday, Inc., Class - A(a)		122
				99,242
		Specialized REITs — 1.73%
	9,920	American Tower Corp.		1,631
	16,012	Equinix, Inc.		11,629
				13,260
		Specialty Retail — 3.39%
	854	Advance Auto Parts, Inc.		48
	597	AutoZone, Inc.(a)		1,516
	5,882	Best Buy Co., Inc.		409
	376	Burlington Stores, Inc.(a)		51
	41,191	Lowe's Cos., Inc.		8,561
	3,982	O'Reilly Automotive, Inc.(a)		3,619
	9,045	Ross Stores, Inc.		1,022
	10,308	The Home Depot, Inc.		3,114
	66,781	The TJX Cos., Inc.		5,936
	1,256	Tractor Supply Co.		255
	3,810	Ulta Beauty, Inc.(a)		1,522
				26,053
		Technology Hardware, Storage & Peripherals — 6.99%
	313,000	Apple, Inc.		53,589
		Textiles, Apparel & Luxury Goods — 1.67%
	1	Kontoor Brands, Inc.		—
	10,941	Lululemon Athletica, Inc.(a)		4,219
	24,331	LVMH Moet Hennessy Louis Vuitton SE, ADR		3,677
	51,001	NIKE, Inc., Class - B		4,876
	4,000	V.F. Corp.		71
				12,843
		Tobacco — 0.21%
	17,508	Philip Morris International, Inc.		1,621
		Trading Companies & Distributors — 0.33%
	23,095	Air Lease Corp.		910
	14,448	Fastenal Co.		789
	1,221	W.W. Grainger, Inc.		845
				2,544
		Total Common Stocks		763,265

HC CAPITAL TRUST

The Growth Equity Portfolio

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Investment Companies — 0.12%
	945,040	State Street Institutional Treasury Plus Money Market Fund, Trust Class, 5.23%(c)	$	945
		Total Investment Companies		945
		Total Investments (cost $242,390) — 99.49%		764,210
		Other assets in excess of liabilities — 0.51%		3,950
		Net Assets - 100.00%	$	768,160

Amounts designated as "—" are $0 or have been rounded to $0.

(a)	Represents non-income producing security.
(b)	Security was valued using significant unobservable inputs as of September 30, 2023.
(c)	Annualized 7-day yield as of period-end.

ADR—American Depositary Receipt

REIT—Real Estate Investment Trust

HC CAPITAL TRUST

The Growth Equity Portfolio

Portfolio of Investments (concluded) — September 30, 2023 (Unaudited)

The following table reflects the percentage of total net assets of the Portfolio attributable to each Specialist Manager as of September 30, 2023.

The Growth Equity Portfolio	Jennison Associates, LLC			Parametric Portfolio Associates, LLC			Total
Common Stocks		23.47	%		75.90	%		99.37	%
Investment Companies		-			0.12	%		0.12	%
Other Assets (Liabilities)		0.43	%		0.08	%		0.51	%
Total Net Assets		23.90	%		76.10	%		100.00	%

Amounts designated as "—" indicate the Specialist Manager did not manage any holdings in that category.

HC CAPITAL TRUST

The Institutional U.S. Equity Portfolio

Portfolio of Investments — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks — 81.37%
		Aerospace & Defense — 1.13%
	1,894	Axon Enterprise, Inc.(a)	$	377
	692	BWX Technologies, Inc.		52
	290	Curtiss-Wright Corp.		57
	10,104	General Dynamics Corp.		2,233
	1,180	HEICO Corp.		191
	2,065	HEICO Corp., Class - A		266
	636	Hexcel Corp.		41
	10,505	Howmet Aerospace, Inc.		486
	5,326	Huntington Ingalls Industries, Inc.		1,090
	10,523	L3Harris Technologies, Inc.		1,832
	8,685	Lockheed Martin Corp.		3,552
	373	Mercury Systems, Inc.(a)		14
	6,549	Northrop Grumman Corp.		2,883
	46,135	RTX Corp.		3,320
	791	Spirit AeroSystems Holdings, Inc., Class - A(a)		13
	5,456	Textron, Inc.		426
	15,326	The Boeing Co.(a)		2,938
	7,715	TransDigm Group, Inc.(a)		6,504
	440	Woodward, Inc.		55
				26,330
		Air Freight & Logistics — 0.27%
	9,372	C.H. Robinson Worldwide, Inc.		807
	6,203	Expeditors International of Washington, Inc.		711
	6,399	FedEx Corp.		1,696
	884	GXO Logistics, Inc.(a)		52
	20,197	United Parcel Service, Inc., Class - B		3,147
				6,413
		Automobile Components — 1.46%
	7,550	Aptiv PLC(a)		744
	6,321	BorgWarner, Inc.		255
	106,057	Ford Motor Co.		1,318
	37,507	General Motors Co.		1,237
	1,782	Gentex Corp.		58
	1,020	Harley-Davidson, Inc.		34
	1,589	Lear Corp.		213
	23,319	Lucid Group, Inc.^(a)		130
	6,533	Mobileye Global, Inc., Class - A(a)		271
	354	Phinia, Inc.		9
	1,955	QuantumScape Corp.(a)		13
	17,704	Rivian Automotive, Inc., Class - A(a)		430
	116,875	Tesla, Inc.(a)		29,245
	392	Thor Industries, Inc.		37
				33,994
		Automobiles — 0.03%
	63,215	Dr. Ing hc F Porsche AG, ADR		589
		Banks — 1.55%
	192,098	Bank of America Corp.		5,260
	848	Bank OZK		31
	220	BOK Financial Corp.		18
	52,548	Citigroup, Inc.		2,162
	13,090	Citizens Financial Group, Inc.		351
	1,570	Columbia Banking System, Inc.		32
	991	Comerica, Inc.		41
	862	Commerce Bancshares, Inc.		41
	442	Cullen/Frost Bankers, Inc.		40
	1,073	East West Bancorp, Inc.		57
	18,420	Fifth Third Bancorp		467

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Banks (continued)
	295	First Citizens BancShares, Inc., Class - A	$	408
	969	First Hawaiian, Inc.		17
	14,390	First Horizon Corp.		158
	2,714	FNB Corp.		29
	39,002	Huntington Bancshares, Inc.		405
	80,611	JPMorgan Chase & Co.		11,690
	25,184	KeyCorp		271
	5,364	M&T Bank Corp.		678
	5,373	New York Community Bancorp, Inc.		61
	17,436	NU Holdings Ltd., Class - A(a)		126
	568	Pinnacle Financial Partners, Inc.		38
	534	Popular, Inc.		34
	664	Prosperity Bancshares, Inc.		36
	25,327	Regions Financial Corp.		436
	1,092	Synovus Financial Corp.		30
	10,776	The PNC Financial Services Group, Inc.		1,323
	35,909	Truist Financial Corp.		1,027
	44,028	U.S. Bancorp		1,456
	4,696	Webster Financial Corp.		189
	223,479	Wells Fargo & Co.		9,132
	802	Western Alliance Bancorp		37
	454	Wintrust Financial Corp.		34
	1,117	Zions Bancorp NA		39
				36,154
		Beverages — 1.15%
	345	Brown-Forman Corp., Class - A		20
	17,919	Brown-Forman Corp., Class - B		1,033
	411	Celsius Holdings, Inc.(a)		71
	7,424	Constellation Brands, Inc., Class - A		1,866
	48,020	Fomento Economico Mexicano SAB de CV, ADR		5,242
	55,386	Keurig Dr. Pepper, Inc.		1,748
	20,103	Molson Coors Beverage Co., Class - B		1,278
	26,333	Monster Beverage Corp.(a)		1,394
	42,586	PepsiCo, Inc.		7,217
	72	The Boston Beer Co., Inc., Class - A(a)		28
	125,337	The Coca-Cola Co.		7,016
				26,913
		Biotechnology — 1.43%
	55,026	AbbVie, Inc.		8,200
	3,354	Alnylam Pharmaceuticals, Inc.(a)		594
	18,419	Amgen, Inc.		4,949
	753	Apellis Pharmaceuticals, Inc.(a)		29
	933	Argenx SE, ADR(a)		459
	3,900	Biogen, Inc.(a)		1,003
	9,474	BioMarin Pharmaceutical, Inc.(a)		839
	4,862	Exact Sciences Corp.(a)		332
	2,426	Exelixis, Inc.(a)		53
	46,694	Gilead Sciences, Inc.		3,499
	5,908	Horizon Therapeutics PLC(a)		683
	17,172	Incyte Corp.(a)		992
	1,071	Ionis Pharmaceuticals, Inc.(a)		49
	269	Karuna Therapeutics, Inc.(a)		45
	338	Mirati Therapeutics, Inc.(a)		15
	8,844	Moderna, Inc.(a)		914
	782	Natera, Inc.(a)		35
	10,413	Neurocrine Biosciences, Inc.(a)		1,172
	3,842	Regeneron Pharmaceuticals, Inc.(a)		3,161
	2,631	Roivant Sciences Ltd.(a)		31
	676	Sarepta Therapeutics, Inc.(a)		82
	3,791	Seagen, Inc.(a)		805
	506	Ultragenyx Pharmaceutical, Inc.(a)		18

HC CAPITAL TRUST

The Institutional U.S. Equity Portfolio

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Biotechnology (continued)
	5,622	United Therapeutics Corp.(a)	$	1,270
	11,980	Vertex Pharmaceuticals, Inc.(a)		4,166
				33,395
		Broadline Retail — 2.23%
	57,839	Alibaba Group Holding Ltd., ADR(a)		5,017
	337,719	Amazon.com, Inc.(a)		42,929
	8,281	Coupang, Inc.(a)		141
	14,427	eBay, Inc.		636
	3,320	Etsy, Inc.(a)		215
	834	Kohl's Corp.		17
	2,044	Macy's, Inc.		24
	2,364	MercadoLibre, Inc.(a)		2,998
	848	Nordstrom, Inc.		13
	473	Ollie's Bargain Outlet Holdings, Inc.(a)		37
				52,027
		Building Products — 0.27%
	3,344	A.O. Smith Corp.		221
	472	Advanced Drainage Systems, Inc.		54
	2,370	Allegion PLC		247
	344	Armstrong World Industries, Inc.		25
	3,465	Builders FirstSource, Inc.(a)		432
	2,001	Carlisle Cos., Inc.		519
	22,532	Carrier Global Corp.		1,244
	3,427	Fortune Brands Innovations, Inc.		213
	834	Hayward Holdings, Inc.(a)		12
	18,553	Johnson Controls International PLC		987
	865	Lennox International, Inc.		324
	6,090	Masco Corp.		325
	2,436	Owens Corning		332
	941	The AZEK Co., Inc.(a)		28
	6,157	Trane Technologies PLC		1,249
	835	Trex Co., Inc.(a)		51
				6,263
		Capital Markets — 2.40%
	269	Affiliated Managers Group, Inc.		35
	2,824	Ameriprise Financial, Inc.		931
	4,337	Ares Management Corp., Class - A		447
	4,040	BlackRock, Inc.		2,612
	19,067	Blackstone, Inc.		2,043
	3,200	Blue Owl Capital, Inc.		41
	9,433	Cboe Global Markets, Inc.		1,473
	28,682	CME Group, Inc.		5,743
	4,532	Coinbase Global, Inc., Class - A(a)		341
	277	Evercore, Inc.		38
	9,647	FactSet Research Systems, Inc.		4,219
	8,030	Franklin Resources, Inc.		197
	375	Houlihan Lokey, Inc.		40
	754	Interactive Brokers Group, Inc.		65
	65,774	Intercontinental Exchange, Inc.		7,236
	9,563	Invesco Ltd.		139
	1,031	Janus Henderson Group PLC		27
	1,500	Jefferies Financial Group, Inc.		55
	16,618	KKR & Co., Inc.		1,024
	826	Lazard Ltd., Class - A		26
	2,104	LPL Financial Holdings, Inc.		500
	1,855	MarketAxess Holdings, Inc.		396
	18,297	Moody's Corp.		5,785
	33,447	Morgan Stanley		2,732
	189	Morningstar, Inc.		44
	2,146	MSCI, Inc.		1,101
	12,655	Nasdaq, Inc.		615

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Capital Markets (continued)
	5,617	Northern Trust Corp.	$	390
	5,402	Raymond James Financial, Inc.		542
	13,397	Robinhood Markets, Inc., Class - A(a)		131
	23,078	S&P Global, Inc.		8,433
	5,895	SEI Investments Co.		355
	9,019	State Street Corp.		604
	775	Stifel Financial Corp.		48
	6,032	T. Rowe Price Group, Inc.		633
	20,843	The Bank of New York Mellon Corp.		889
	5,781	The Carlyle Group, Inc.		174
	40,449	The Charles Schwab Corp.		2,220
	10,434	The Goldman Sachs Group, Inc.		3,376
	484	TPG, Inc.		15
	6,873	Tradeweb Markets, Inc., Class - A		551
	715	Virtu Financial, Inc., Class - A		12
	2,509	XP, Inc., Class - A		58
				56,336
		Chemicals — 1.79%
	7,524	Air Products & Chemicals, Inc.		2,132
	3,167	Albemarle Corp.		539
	384	Ashland, Inc.		31
	1,675	Axalta Coating Systems Ltd.(a)		45
	2,754	Celanese Corp.		346
	14,768	CF Industries Holdings, Inc.		1,266
	31,616	Corteva, Inc.		1,618
	24,475	Dow, Inc.		1,263
	12,400	DuPont de Nemours, Inc.		925
	3,232	Eastman Chemical Co.		248
	6,868	Ecolab, Inc.		1,163
	1,710	Element Solutions, Inc.		34
	9,409	FMC Corp.		630
	11,599	Ginkgo Bioworks Holdings, Inc.(a)		21
	1,319	Huntsman Corp.		32
	6,891	International Flavors & Fragrances, Inc.		470
	57,209	Linde PLC		21,300
	8,539	LyondellBasell Industries N.V., Class - A		809
	43	NewMarket Corp.		20
	975	Olin Corp.		49
	6,353	PPG Industries, Inc.		824
	5,650	RPM International, Inc.		536
	1,117	The Chemours Co.		31
	8,959	The Mosaic Co.		319
	306	The Scotts Miracle-Gro Co.		16
	27,295	The Sherwin-Williams Co.		6,961
	995	Westlake Corp.		124
				41,752
		Commercial Services & Supplies — 0.40%
	2,438	Cintas Corp.		1,173
	387	Clean Harbors, Inc.(a)		65
	23,182	Copart, Inc.(a)		999
	472	Driven Brands Holdings, Inc.(a)		6
	280	MSA Safety, Inc.		44
	1,372	RB Global, Inc.		86
	11,925	Republic Services, Inc.		1,700
	25,431	Rollins, Inc.		950
	695	Stericycle, Inc.(a)		31
	399	Tetra Tech, Inc.		61
	11,470	Waste Connections, Inc.		1,541
	17,040	Waste Management, Inc.		2,595
				9,251

HC CAPITAL TRUST

The Institutional U.S. Equity Portfolio

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Communications Equipment — 0.41%
	6,994	Arista Networks, Inc.(a)	$	1,287
	1,117	Ciena Corp.(a)		53
	116,619	Cisco Systems, Inc.		6,270
	1,634	F5, Inc.(a)		263
	8,656	Juniper Networks, Inc.		240
	517	Lumentum Holdings, Inc.(a)		23
	5,114	Motorola Solutions, Inc.		1,392
	31	Ubiquiti, Inc.		5
	551	Viasat, Inc.(a)		10
				9,543
		Construction & Engineering — 0.07%
	3,563	AECOM		296
	354	EMCOR Group, Inc.		74
	462	MasTec, Inc.(a)		33
	1,532	MDU Resources Group, Inc.		30
	3,902	Quanta Services, Inc.		731
	159	Valmont Industries, Inc.		38
	9,620	WillScot Mobile Mini Holdings Corp.(a)		400
				1,602
		Construction Materials — 0.06%
	271	Eagle Materials, Inc.		45
	1,674	Martin Marietta Materials, Inc.		687
	3,588	Vulcan Materials Co.		725
				1,457
		Consumer Finance — 0.20%
	7,304	Ally Financial, Inc.		195
	16,756	American Express Co.		2,500
	10,300	Capital One Financial Corp.		999
	50	Credit Acceptance Corp.(a)		23
	6,854	Discover Financial Services		594
	870	OneMain Holdings, Inc.		35
	1,816	SLM Corp.		25
	6,931	SoFi Technologies, Inc.(a)		55
	11,580	Synchrony Financial		354
				4,780
		Consumer Staples Distribution & Retail — 1.28%
	9,291	Albertsons Cos., Inc., Class - A		212
	1,016	BJ's Wholesale Club Holdings, Inc.(a)		73
	281	Casey's General Stores, Inc.		76
	16,052	Costco Wholesale Corp.		9,068
	11,174	Dollar General Corp.		1,182
	9,725	Dollar Tree, Inc.(a)		1,036
	669	Grocery Outlet Holding Corp.(a)		19
	1,153	Performance Food Group Co.(a)		68
	18,025	Sysco Corp.		1,191
	12,456	Target Corp.		1,378
	42,482	The Kroger Co.		1,901
	134,071	U.S. Foods Holding Corp.(a)		5,322
	41,083	Walgreens Boots Alliance, Inc.		914
	46,099	Walmart, Inc.		7,371
				29,811
		Containers & Packaging — 0.43%
	82,736	Amcor PLC		758
	497	AptarGroup, Inc.		62
	1,131	Ardagh Metal Packaging SA		4
	2,186	Avery Dennison Corp.		399
	13,700	Ball Corp.		682
	922	Berry Global Group, Inc.		57
	63,720	Crown Holdings, Inc.		5,638

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Containers & Packaging (continued)
	2,319	Graphic Packaging Holding Co.	$	52
	22,547	International Paper Co.		799
	6,549	Packaging Corp. of America		1,005
	7,899	Sealed Air Corp.		260
	638	Silgan Holdings, Inc.		28
	738	Sonoco Products Co.		40
	6,916	Westrock Co.		248
				10,032
		Distributors — 0.21%
	7,311	Genuine Parts Co.		1,056
	7,203	LKQ Corp.		357
	9,510	Pool Corp.		3,386
				4,799
		Diversified Consumer Services — 0.01%
	1,585	ADT, Inc.		10
	436	Bright Horizons Family Solutions, Inc.(a)		36
	232	Grand Canyon Education, Inc.(a)		27
	1,154	H&R Block, Inc.		50
	605	Mister Car Wash, Inc.(a)		3
	1,134	Service Corp. International		64
				190
		Diversified REITs — 0.13%
	31,074	American Assets Trust, Inc.		604
	162,143	Empire State Realty Trust, Inc.		1,303
	609	Federal Realty Investment Trust		55
	19,395	WP Carey, Inc.		1,050
				3,012
		Diversified Telecommunication Services — 0.40%
	269,556	AT&T, Inc.		4,048
	1,857	Frontier Communications Parent, Inc.(a)		29
	942	Iridium Communications, Inc.		43
	6,828	Liberty Global PLC, Class - A(a)		117
	12,810	Liberty Global PLC, Class - C(a)		238
	147,890	Verizon Communications, Inc.		4,793
				9,268
		Electric Utilities — 1.43%
	27,601	Alliant Energy Corp.		1,337
	27,571	American Electric Power Co., Inc.		2,074
	538	Avangrid, Inc.		16
	59,306	Constellation Energy Corp.		6,470
	32,888	Duke Energy Corp.		2,904
	22,163	Edison International		1,403
	15,571	Entergy Corp.		1,440
	24,329	Evergy, Inc.		1,233
	24,681	Eversource Energy		1,435
	47,345	Exelon Corp.		1,789
	41,591	FirstEnergy Corp.		1,422
	825	Hawaiian Electric Industries, Inc.		10
	382	IDACORP, Inc.		36
	63,684	NextEra Energy, Inc.		3,649
	13,586	NRG Energy, Inc.		523
	1,514	OGE Energy Corp.		50
	87,465	PG&E Corp.(a)		1,410
	856	Pinnacle West Capital Corp.		63
	54,772	PPL Corp.		1,291
	45,297	The Southern Co.		2,931
	32,033	Xcel Energy, Inc.		1,833
				33,319

HC CAPITAL TRUST

The Institutional U.S. Equity Portfolio

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Electrical Equipment — 0.31%
	243	Acuity Brands, Inc.	$	41
	7,425	AMETEK, Inc.		1,097
	1,919	ChargePoint Holdings, Inc.(a)		10
	10,765	Eaton Corp. PLC		2,296
	16,593	Emerson Electric Co.		1,602
	1,668	Generac Holdings, Inc.(a)		182
	2,402	Hubbell, Inc.		753
	1,253	nVent Electric PLC		66
	3,939	Plug Power, Inc.(a)		30
	494	Regal Rexnord Corp.		71
	3,104	Rockwell Automation, Inc.		887
	4,102	Sensata Technologies Holding PLC		155
	1,580	Sunrun, Inc.(a)		20
	2,442	Vertiv Holdings Co.		91
				7,301
		Electronic Equipment, Instruments & Components — 0.40%
	15,973	Amphenol Corp., Class - A		1,342
	1,554	Arrow Electronics, Inc.(a)		195
	690	Avnet, Inc.		33
	3,647	CDW Corp.		737
	4,669	Cognex Corp.		198
	900	Coherent Corp.(a)		29
	21,459	Corning, Inc.		654
	120,363	Halma PLC		2,836
	226	IPG Photonics Corp.		23
	3,524	Jabil, Inc.		447
	4,806	Keysight Technologies, Inc.(a)		635
	183	Littelfuse, Inc.		45
	992	National Instruments Corp.		59
	314	TD SYNNEX Corp.		31
	6,121	TE Connectivity Ltd.		757
	1,267	Teledyne Technologies, Inc.(a)		517
	6,682	Trimble, Inc.(a)		360
	1,197	Vontier Corp.		37
	1,394	Zebra Technologies Corp.(a)		329
				9,264
		Energy Equipment & Services — 0.22%
	38,998	Baker Hughes Co.		1,377
	24,349	Halliburton Co.		986
	2,968	NOV, Inc.		62
	44,430	Schlumberger N.V.		2,591
	3,316	TechnipFMC PLC		67
				5,083
		Entertainment — 1.17%
	21,178	Activision Blizzard, Inc.		1,983
	444	AMC Entertainment Holdings, Inc.(a)		4
	13,706	Electronic Arts, Inc.		1,651
	5,310	Liberty Media Corp.-Liberty Formula One(a)		331
	159	Liberty Media Corp.-Liberty Formula One(a)		9
	355	Liberty Media Corp.-Liberty Live(a)		11
	148	Liberty Media Corp.-Liberty Live(a)		5
	4,315	Live Nation Entertainment, Inc.(a)		358
	141	Madison Square Garden Sports Corp.		25
	28,602	Netflix, Inc.(a)		10,800
	178	Playtika Holding Corp.(a)		2
	11,651	ROBLOX Corp., Class - A(a)		337
	3,325	Roku, Inc.(a)		234
	39,844	Spotify Technology SA(a)		6,162

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Entertainment (continued)
	5,463	Take-Two Interactive Software, Inc.(a)	$	767
	49,347	The Walt Disney Co.(a)		3,999
	326	TKO Group Holdings, Inc.		27
	61,659	Warner Bros. Discovery, Inc.(a)		670
				27,375
		Financial Services — 4.66%
	1,678	Affirm Holdings, Inc.(a)		36
	77,615	Apollo Global Management, Inc.		6,967
	40,852	Berkshire Hathaway, Inc., Class - B(a)		14,311
	61,394	Block, Inc.(a)		2,717
	1,119	Corebridge Financial, Inc.		22
	9,663	Equitable Holdings, Inc.		275
	358	Euronet Worldwide, Inc.(a)		28
	112,556	Fidelity National Information Services, Inc.		6,221
	137,884	Fiserv, Inc.(a)		15,576
	1,907	FleetCor Technologies, Inc.(a)		487
	24,003	Global Payments, Inc.		2,771
	58,003	Mastercard, Inc., Class - A		22,963
	2,240	MGIC Investment Corp.		37
	29,116	PayPal Holdings, Inc.(a)		1,702
	860	Rocket Cos., Inc., Class - A(a)		7
	383	Shift4 Payments, Inc., Class - A(a)		21
	380	TFS Financial Corp.		4
	2,823	The Western Union Co.		37
	181,728	Toast, Inc., Class - A(a)		3,404
	703	UWM Holdings Corp.		3
	135,891	Visa, Inc., Class - A		31,256
	738	Voya Financial, Inc.		49
	330	WEX, Inc.(a)		62
				108,956
		Food Products — 1.22%
	23,999	Archer-Daniels-Midland Co.		1,809
	10,865	Bunge Ltd.		1,176
	32,521	Campbell Soup Co.		1,336
	50,638	Conagra Brands, Inc.		1,389
	4,315	Darling Ingredients, Inc.(a)		225
	1,421	Flowers Foods, Inc.		32
	345	Freshpet, Inc.(a)		23
	32,260	General Mills, Inc.		2,064
	37,516	Hormel Foods Corp.		1,427
	497	Ingredion, Inc.		49
	25,931	Kellogg Co.		1,543
	66,680	Lamb Weston Holdings, Inc.		6,166
	18,998	McCormick & Co., Inc./MD		1,437
	49,625	Mondelez International, Inc., Class - A		3,444
	353	Pilgrim's Pride Corp.(a)		8
	409	Post Holdings, Inc.(a)		35
	2	Seaboard Corp.		8
	9,132	The Hershey Co.		1,826
	10,931	The J.M. Smucker Co.		1,344
	56,082	The Kraft Heinz Co.		1,886
	25,120	Tyson Foods, Inc., Class - A		1,269
				28,496
		Gas Utilities — 0.09%
	13,129	Atmos Energy Corp.		1,390
	665	National Fuel Gas Co.		35
	25,558	UGI Corp.		588
				2,013
		Ground Transportation — 1.18%
	154	Avis Budget Group, Inc.(a)		28

HC CAPITAL TRUST

The Institutional U.S. Equity Portfolio

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Ground Transportation (continued)
	67,242	Canadian Pacific Kansas City Ltd.	$	5,003
	32,441	Canadian Pacific Kansas City Ltd.		2,412
	63,164	CSX Corp.		1,943
	1,015	Hertz Global Holdings, Inc.(a)		12
	3,277	JB Hunt Transport Services, Inc.		618
	10,070	Knight-Swift Transportation Holdings, Inc.		505
	271	Landstar System, Inc.		48
	2,316	Lyft, Inc., Class - A(a)		24
	8,202	Norfolk Southern Corp.		1,615
	2,669	Old Dominion Freight Line, Inc.		1,092
	346	Ryder System, Inc.		37
	201	Saia, Inc.(a)		80
	410	Schneider National, Inc., Class - B		11
	216,834	Uber Technologies, Inc.(a)		9,972
	68	U-Haul Holding Co.(a)		4
	2,510	U-Haul Holding Co.		131
	18,870	Union Pacific Corp.		3,843
	860	XPO, Inc.(a)		64
				27,442
		Health Care Equipment & Supplies — 1.57%
	52,240	Abbott Laboratories		5,059
	1,994	Align Technology, Inc.(a)		609
	35,497	Baxter International, Inc.		1,340
	11,410	Becton Dickinson & Co.		2,950
	49,403	Boston Scientific Corp.(a)		2,608
	11,550	DENTSPLY SIRONA, Inc.		395
	15,379	Dexcom, Inc.(a)		1,435
	16,346	Edwards Lifesciences Corp.(a)		1,132
	384	Enovis Corp.(a)		20
	1,234	Envista Holdings Corp.(a)		34
	10,903	GE HealthCare Technologies, Inc.		742
	897	Globus Medical, Inc.(a)		45
	16,107	Hologic, Inc.(a)		1,117
	153	ICU Medical, Inc.(a)		18
	8,088	IDEXX Laboratories, Inc.(a)		3,537
	217	Inspire Medical Systems, Inc.(a)		43
	12,645	Insulet Corp.(a)		2,016
	549	Integra LifeSciences Holdings Corp.(a)		21
	13,639	Intuitive Surgical, Inc.(a)		3,987
	360	Masimo Corp.(a)		32
	44,136	Medtronic PLC		3,458
	784	Novocure Ltd.(a)		13
	270	Penumbra, Inc.(a)		65
	403	QuidelOrtho Corp.(a)		29
	5,333	ResMed, Inc.		789
	274	Shockwave Medical, Inc.(a)		55
	3,926	STERIS PLC		862
	9,331	Stryker Corp.		2,550
	484	Tandem Diabetes Care, Inc.(a)		10
	1,266	Teleflex, Inc.		249
	1,331	The Cooper Cos., Inc.		423
	8,534	Zimmer Biomet Holdings, Inc.		958
				36,601
		Health Care Providers & Services — 2.32%
	675	Acadia Healthcare Co., Inc.(a)		47
	1,974	agilon health, Inc.(a)		35
	243	Amedisys, Inc.(a)		23
	9,930	AmerisourceBergen Corp.		1,787
	16,821	Cardinal Health, Inc.		1,460
	27,757	Centene Corp.(a)		1,911
	111	Chemed Corp.		58
	47,330	CVS Health Corp.		3,304

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Health Care Providers & Services (continued)
	9,889	DaVita, Inc.(a)	$	935
	8,185	Elevance Health, Inc.		3,564
	743	Encompass Health Corp.		50
	5,559	HCA Healthcare, Inc.		1,368
	12,837	Henry Schein, Inc.(a)		954
	5,360	Humana, Inc.		2,608
	5,858	Laboratory Corp. of America Holdings		1,178
	5,923	McKesson Corp.		2,576
	3,703	Molina Healthcare, Inc.(a)		1,214
	893	Premier, Inc., Class - A		19
	11,083	Quest Diagnostics, Inc.		1,351
	1,155	R1 RCM, Inc.(a)		17
	762	Tenet Healthcare Corp.(a)		50
	29,393	The Cigna Group		8,409
	41,639	UnitedHealth Group, Inc.		20,992
	2,698	Universal Health Services, Inc., Class - B		340
				54,250
		Health Care REITs — 0.47%
	78,433	CareTrust REIT, Inc.		1,608
	57,075	Healthcare Realty Trust, Inc.		871
	40,786	Healthpeak Properties, Inc.		748
	4,504	Medical Properties Trust, Inc.		25
	52,320	Omega Healthcare Investors, Inc.		1,735
	23,177	Ventas, Inc.		977
	60,877	Welltower, Inc.		4,987
				10,951
		Health Care Technology — 0.16%
	881	Certara, Inc.(a)		13
	848	Doximity, Inc., Class - A(a)		18
	1,218	Teladoc Health, Inc.(a)		23
	17,805	Veeva Systems, Inc., Class - A(a)		3,622
				3,676
		Hotel & Resort REITs — 0.05%
	19,182	Host Hotels & Resorts, Inc.		308
	1,690	Park Hotels & Resorts, Inc.		21
	11,410	Ryman Hospitality Properties, Inc.		950
				1,279
		Hotels, Restaurants & Leisure — 2.17%
	18,754	Airbnb, Inc., Class - A(a)		2,574
	6,596	Aramark		229
	1,000	Booking Holdings, Inc.(a)		3,084
	555	Boyd Gaming Corp.		34
	5,756	Caesars Entertainment, Inc.(a)		267
	27,022	Carnival Corp.(a)		371
	122	Cava Group, Inc.(a)		4
	3,957	Chipotle Mexican Grill, Inc.(a)		7,248
	17,717	Choice Hotels International, Inc.		2,170
	541	Churchill Downs, Inc.		63
	3,256	Darden Restaurants, Inc.		467
	2,789	Domino's Pizza, Inc.		1,057
	7,201	DoorDash, Inc., Class - A(a)		572
	11,251	DraftKings, Inc.(a)		331
	3,863	Expedia Group, Inc.(a)		398
	41,900	Hilton Worldwide Holdings, Inc.		6,292
	10,023	Hyatt Hotels Corp., Class - A		1,063
	106,062	Las Vegas Sands Corp.		4,862
	10,512	Marriott International, Inc., Class - A		2,066
	284	Marriott Vacations Worldwide Corp.		29
	23,027	McDonald's Corp.		6,066
	7,934	MGM Resorts International		291

HC CAPITAL TRUST

The Institutional U.S. Equity Portfolio

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Hotels, Restaurants & Leisure (continued)
	3,172	Norwegian Cruise Line Holdings Ltd.(a)	$	52
	1,172	Penn Entertainment, Inc.(a)		27
	633	Planet Fitness, Inc., Class - A(a)		31
	6,241	Royal Caribbean Cruises Ltd.(a)		575
	30,827	Starbucks Corp.		2,814
	505	Texas Roadhouse, Inc.		49
	1,293	The Wendy's Co.		26
	560	Travel + Leisure Co.		21
	1,087	Vail Resorts, Inc.		242
	226	Wingstop, Inc.		41
	635	Wyndham Hotels & Resorts, Inc.		44
	60,188	Wynn Resorts Ltd.		5,561
	12,778	Yum! Brands, Inc.		1,596
				50,617
		Household Durables — 0.78%
	59,507	D.R. Horton, Inc.		6,395
	4,142	Garmin Ltd.		436
	1,009	Leggett & Platt, Inc.		26
	28,433	Lennar Corp., Class - A		3,191
	112	Lennar Corp., Class - B		11
	11,283	Meritage Homes Corp.		1,381
	1,453	Mohawk Industries, Inc.(a)		124
	2,863	Newell Brands, Inc.		26
	87	NVR, Inc.(a)		519
	6,025	PulteGroup, Inc.		446
	120,720	Tempur Sealy International, Inc.		5,232
	836	Toll Brothers, Inc.		62
	242	TopBuild Corp.(a)		61
	1,468	Whirlpool Corp.		196
				18,106
		Household Products — 0.78%
	18,821	Church & Dwight Co., Inc.		1,725
	36,437	Colgate-Palmolive Co.		2,591
	18,333	Kimberly-Clark Corp.		2,216
	412	Reynolds Consumer Products, Inc.		11
	302	Spectrum Brands Holdings, Inc.		24
	10,732	The Clorox Co.		1,407
	70,538	The Procter & Gamble Co.		10,287
				18,261
		Independent Power and Renewable Electricity Producers — 0.05%
	968	Brookfield Renewable Corp., Class - A		23
	261	Clearway Energy, Inc., Class - A		5
	618	Clearway Energy, Inc., Class - C		13
	18,042	The AES Corp.		274
	27,140	Vistra Corp.		901
				1,216
		Industrial Conglomerates — 0.38%
	21,711	3M Co.		2,033
	29,374	General Electric Co.		3,248
	19,732	Honeywell International, Inc.		3,644
				8,925
		Industrial REITs — 0.59%
	2,038	Americold Realty Trust, Inc.		62
	15,102	EastGroup Properties, Inc.		2,515
	999	First Industrial Realty Trust, Inc.		48
	52,605	Plymouth Industrial REIT, Inc.		1,102
	88,163	Prologis, Inc.		9,892
	1,483	Rexford Industrial Realty, Inc.		73

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Industrial REITs (continued)
	1,356	STAG Industrial, Inc.	$	47
				13,739
		Insurance — 2.12%
	24,140	Aflac, Inc.		1,853
	7,275	American Financial Group, Inc.		812
	19,623	American International Group, Inc.		1,189
	7,102	Aon PLC, Class - A		2,303
	18,832	Arch Capital Group Ltd.(a)		1,501
	20,428	Arthur J. Gallagher & Co.		4,657
	7,384	Assurant, Inc.		1,060
	437	Assured Guaranty Ltd.		26
	590	Axis Capital Holdings Ltd.		33
	514	Brighthouse Financial, Inc.(a)		25
	9,113	Brown & Brown, Inc.		636
	15,060	Chubb Ltd.		3,136
	7,779	Cincinnati Financial Corp.		795
	207	CNA Financial Corp.		8
	3,549	Erie Indemnity Co., Class - A		1,042
	3,239	Everest Group Ltd.		1,204
	6,991	Fidelity National Financial, Inc.		288
	765	First American Financial Corp.		43
	7,408	Globe Life, Inc.		806
	482	Kemper Corp.		20
	165	Kinsale Capital Group, Inc.		68
	1,287	Lincoln National Corp.		32
	14,046	Loews Corp.		890
	2,890	Markel Group, Inc.(a)		4,256
	49,243	Marsh & McLennan Cos., Inc.		9,372
	20,750	MetLife, Inc.		1,306
	2,054	Old Republic International Corp.		55
	278	Primerica, Inc.		54
	6,549	Principal Financial Group, Inc.		472
	9,873	Prudential Financial, Inc.		937
	507	Reinsurance Group of America, Inc.		74
	374	RenaissanceRe Holdings Ltd.		74
	304	RLI Corp.		41
	692	Ryan Specialty Holdings, Inc.(a)		33
	14,924	The Allstate Corp.		1,662
	268	The Hanover Insurance Group, Inc.		30
	17,092	The Hartford Financial Services Group, Inc.		1,212
	23,300	The Progressive Corp.		3,246
	11,848	The Travelers Cos., Inc.		1,935
	1,503	Unum Group		74
	19,106	W.R. Berkley Corp.		1,213
	19	White Mountains Insurance Group Ltd.		28
	5,103	Willis Towers Watson PLC		1,066
				49,567
		Interactive Media & Services — 4.23%
	270,094	Alphabet, Inc., Class - A(a)		35,345
	159,794	Alphabet, Inc., Class - C(a)		21,069
	545,251	Auto Trader Group PLC		4,096
	583	IAC, Inc.(a)		29
	7,522	Match Group, Inc.(a)		295
	88,521	Meta Platforms, Inc., Class - A(a)		26,575
	222,795	Pinterest, Inc., Class - A(a)		6,022
	76,177	Scout24 SE-		5,281
	19,787	Snap, Inc., Class - A(a)		176
	775	TripAdvisor, Inc.(a)		13
	7,464	ZoomInfo Technologies, Inc.(a)		123
				99,024

HC CAPITAL TRUST

The Institutional U.S. Equity Portfolio

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		IT Services — 1.03%
	17,043	Accenture PLC, Class - A	$	5,234
	7,867	Akamai Technologies, Inc.(a)		838
	901	Amdocs Ltd.		76
	7,497	Cloudflare, Inc., Class - A(a)		472
	13,700	Cognizant Technology Solutions Corp., Class - A		928
	1,745	DXC Technology Co.(a)		36
	1,542	EPAM Systems, Inc.(a)		394
	2,120	Gartner, Inc.(a)		728
	309	Globant SA(a)		61
	80,155	GoDaddy, Inc., Class - A(a)		5,971
	31,149	International Business Machines Corp.		4,370
	1,550	Kyndryl Holdings, Inc.(a)		23
	4,923	MongoDB, Inc.(a)		1,703
	4,155	Okta, Inc.(a)		338
	13,697	Snowflake, Inc., Class - A(a)		2,093
	4,637	Twilio, Inc., Class - A(a)		272
	2,505	VeriSign, Inc.(a)		508
				24,045
		Leisure Products — 0.03%
	548	Brunswick Corp.		43
	7,596	Hasbro, Inc.		502
	2,666	Mattel, Inc.(a)		59
	2,337	Peloton Interactive, Inc., Class - A(a)		12
	417	Polaris, Inc.		43
	654	YETI Holdings, Inc.(a)		32
				691
		Life Sciences Tools & Services — 1.87%
	698	10X Genomics, Inc., Class - A(a)		29
	52,112	Agilent Technologies, Inc.		5,827
	18,268	Avantor, Inc.(a)		385
	518	Azenta, Inc.(a)		26
	595	Bio-Rad Laboratories, Inc., Class - A(a)		213
	4,237	Bio-Techne Corp.		288
	813	Bruker Corp.		51
	1,380	Charles River Laboratories International, Inc.(a)		271
	45,392	Danaher Corp.		11,262
	29,248	Eurofins Scientific SE		1,648
	672	Fortrea Holdings, Inc.(a)		19
	616	ICON PLC(a)		152
	4,265	Illumina, Inc.(a)		586
	5,007	IQVIA Holdings, Inc.(a)		985
	833	Maravai LifeSciences Holdings, Inc., Class - A(a)		8
	176	Medpace Holdings, Inc.(a)		43
	3,041	Mettler-Toledo International, Inc.(a)		3,369
	1,720	QIAGEN N.V.(a)		70
	1,448	Repligen Corp.(a)		231
	3,396	Revvity, Inc.		376
	13,422	Sartorius Stedim Biotech		3,193
	750	Sotera Health Co.(a)		11
	26,463	Thermo Fisher Scientific, Inc.		13,394
	2,106	Waters Corp.(a)		577
	2,005	West Pharmaceutical Services, Inc.		752
				43,766
		Machinery — 1.03%
	471	AGCO Corp.		56
	699	Allison Transmission Holdings, Inc.		41
	15,461	Caterpillar, Inc.		4,222
	7,386	CNH Industrial N.V.		89

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Machinery (continued)
	357	Crane Co.	$	32
	357	Crane NXT Co.		20
	5,589	Cummins, Inc.		1,276
	8,461	Deere & Co.		3,193
	921	Donaldson Co., Inc.		55
	3,783	Dover Corp.		527
	430	Esab Corp.		30
	987	Flowserve Corp.		39
	9,568	Fortive Corp.		709
	912	Gates Industrial Corp. PLC(a)		11
	4,544	Graco, Inc.		331
	11,525	IDEX Corp.		2,398
	9,490	Illinois Tool Works, Inc.		2,186
	10,941	Ingersoll Rand, Inc.		697
	633	ITT, Inc.		62
	425	Lincoln Electric Holdings, Inc.		77
	1,432	Nordson Corp.		320
	498	Oshkosh Corp.		48
	15,018	Otis Worldwide Corp.		1,206
	20,258	PACCAR, Inc.		1,722
	3,464	Parker-Hannifin Corp.		1,349
	4,441	Pentair PLC		288
	214	RBC Bearings, Inc.(a)		50
	3,326	Snap-on, Inc.		848
	4,144	Stanley Black & Decker, Inc.		347
	406	The Middleby Corp.(a)		52
	464	The Timken Co.		34
	7,615	The Toro Co.		633
	4,847	Westinghouse Air Brake Technologies Corp.		515
	6,432	Xylem, Inc.		585
				24,048
		Marine Transportation — 0.00%
	453	Kirby Corp.(a)		38
		Media — 0.54%
	44	Cable One, Inc.		27
	3,329	Charter Communications, Inc., Class - A(a)		1,464
	119,191	Comcast Corp., Class - A		5,285
	1,900	DISH Network Corp., Class - A(a)		11
	26,505	Fox Corp., Class - A		827
	22,680	Fox Corp., Class - B		656
	132	Liberty Broadband Corp., Class - A(a)		12
	4,591	Liberty Broadband Corp., Class - C(a)		419
	4,393	Liberty Media Corp.-Liberty SiriusXM(a)		112
	569	Liberty Media Corp.-Liberty SiriusXM(a)		14
	10,330	News Corp., Class - A		207
	897	News Corp., Class - B		19
	258	Nexstar Media Group, Inc.		37
	10,787	Omnicom Group, Inc.		804
	70	Paramount Global, Class - A		1
	13,858	Paramount Global, Class - B		178
	170,485	Sirius XM Holdings, Inc.^		771
	10,445	The Interpublic Group of Cos., Inc.		299
	1,232	The New York Times Co., Class - A		51
	18,981	The Trade Desk, Inc., Class - A(a)		1,483
				12,677
		Metals & Mining — 0.25%
	1,341	Alcoa Corp.		39
	13,846	Cleveland-Cliffs, Inc.(a)		217
	38,668	Freeport-McMoRan, Inc.		1,440
	785	MP Materials Corp.(a)		15

HC CAPITAL TRUST

The Institutional U.S. Equity Portfolio

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Metals & Mining (continued)
	47,467	Newmont Corp.	$	1,755
	6,785	Nucor Corp.		1,061
	2,406	Reliance Steel & Aluminum Co.		631
	497	Royal Gold, Inc.		53
	648	Southern Copper Corp.		49
	1,562	SSR Mining, Inc.		21
	4,345	Steel Dynamics, Inc.		466
	1,703	United States Steel Corp.		55
				5,802
		Mortgage Real Estate Investment Trusts  — 0.03%
	4,327	AGNC Investment Corp.		41
	26,380	Annaly Capital Management, Inc.		496
	3,639	Rithm Capital Corp.		34
	2,215	Starwood Property Trust, Inc.		43
				614
		Multi-Utilities — 0.81%
	20,500	Ameren Corp.		1,534
	47,227	CenterPoint Energy, Inc.		1,268
	52,550	CMS Energy Corp.		2,791
	22,230	Consolidated Edison, Inc.		1,901
	45,141	Dominion Energy, Inc.		2,016
	15,514	DTE Energy Co.		1,541
	49,256	NiSource, Inc.		1,215
	28,640	Public Service Enterprise Group, Inc.		1,630
	29,382	Sempra Energy		1,999
	37,020	WEC Energy Group, Inc.		2,982
				18,877
		Office REITs — 0.13%
	6,331	Alexandria Real Estate Equities, Inc.		634
	4,100	Boston Properties, Inc.		244
	1,145	Cousins Properties, Inc.		23
	788	Highwoods Properties, Inc.		16
	27,856	Kilroy Realty Corp.		881
	34,228	SL Green Realty Corp.		1,277
	1,338	Vornado Realty Trust		30
				3,105
		Oil, Gas & Consumable Fuels — 2.22%
	2,550	Antero Midstream Corp.		31
	2,151	Antero Resources Corp.(a)		55
	8,332	APA Corp.		342
	11,108	Cheniere Energy, Inc.		1,843
	7,542	Chesapeake Energy Corp.		651
	53,071	Chevron Corp.		8,948
	35,794	ConocoPhillips		4,288
	45,458	Coterra Energy, Inc.		1,229
	17,317	Devon Energy Corp.		826
	4,705	Diamondback Energy, Inc.		728
	735	DT Midstream, Inc.		39
	17,772	EOG Resources, Inc.		2,253
	12,265	EQT Corp.		498
	116,024	Exxon Mobil Corp.		13,643
	8,090	Hess Corp.		1,237
	11,138	HF Sinclair Corp.		634
	95,698	Kinder Morgan, Inc.		1,587
	16,725	Marathon Oil Corp.		448
	13,036	Marathon Petroleum Corp.		1,973
	418	New Fortress Energy, Inc.		14
	18,275	Occidental Petroleum Corp.		1,186
	14,125	ONEOK, Inc.		896

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Oil, Gas & Consumable Fuels (continued)
	6,910	Ovintiv, Inc.	$	329
	16,789	Phillips 66		2,017
	6,300	Pioneer Natural Resources Co.		1,446
	1,786	Range Resources Corp.		58
	8,345	Southwestern Energy Co.(a)		54
	5,854	Targa Resources Corp.		502
	164	Texas Pacific Land Corp.		299
	54,630	The Williams Cos., Inc.		1,840
	12,975	Valero Energy Corp.		1,838
				51,732
		Paper & Forest Products — 0.00%
	485	Louisiana-Pacific Corp.		27
		Passenger Airlines — 0.03%
	949	Alaska Air Group, Inc.(a)		35
	4,899	American Airlines Group, Inc.(a)		63
	7,977	Delta Air Lines, Inc.		294
	7,396	Southwest Airlines Co.		201
	2,474	United Airlines Holdings, Inc.(a)		105
				698
		Personal Care Products — 0.12%
	2,665	Coty, Inc., Class - A(a)		29
	43,029	Kenvue, Inc.		864
	11,800	L'Oreal SA, ADR		978
	943	Olaplex Holdings, Inc.(a)		2
	6,247	The Estee Lauder Cos., Inc.		903
				2,776
		Pharmaceuticals — 2.34%
	19,257	AstraZeneca PLC, ADR		1,304
	75,418	Bristol-Myers Squibb Co.		4,377
	4,864	Catalent, Inc.(a)		222
	3,702	Elanco Animal Health, Inc.(a)		42
	30,560	Eli Lilly & Co.		16,414
	6,432	Jazz Pharmaceuticals PLC(a)		832
	71,610	Johnson & Johnson		11,153
	79,291	Merck & Co., Inc.		8,163
	22,326	Novo Nordisk A/S, ADR		2,030
	1,927	Organon & Co.		33
	1,019	Perrigo Co. PLC		33
	183,152	Pfizer, Inc.		6,076
	36,378	Royalty Pharma PLC, Class - A		988
	76,222	Viatris, Inc.		751
	12,484	Zoetis, Inc.		2,172
				54,590
		Professional Services — 2.05%
	11,984	Automatic Data Processing, Inc.		2,884
	10,966	Booz Allen Hamilton Holding Corp.		1,198
	3,175	Broadridge Financial Solutions, Inc.		568
	171	CACI International, Inc., Class - A(a)		54
	100,849	Ceridian HCM Holding, Inc.(a)		6,842
	757,251	Clarivate PLC(a)		5,081
	322	Concentrix Corp.		26
	64,637	CoStar Group, Inc.(a)		4,970
	1,907	Dun & Bradstreet Holdings, Inc.		19
	3,306	Equifax, Inc.		606
	256	FTI Consulting, Inc.(a)		46
	1,353	Genpact Ltd.		49
	5,858	Jack Henry & Associates, Inc.		885
	4,520	Jacobs Solutions, Inc.		617
	1,034	KBR, Inc.		61

HC CAPITAL TRUST

The Institutional U.S. Equity Portfolio

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Professional Services (continued)
	13,053	Leidos Holdings, Inc.	$	1,203
	381	ManpowerGroup, Inc.		28
	8,761	Paychex, Inc.		1,010
	23,596	Paycom Software, Inc.		6,117
	461	Paycor HCM, Inc.(a)		11
	19,461	Paylocity Holding Corp.(a)		3,536
	2,890	Robert Half International, Inc.		212
	417	Science Applications International Corp.		44
	101,851	SS&C Technologies Holdings, Inc.		5,351
	73,298	TransUnion		5,262
	5,475	Verisk Analytics, Inc.		1,294
				47,974
		Real Estate Management & Development — 0.33%
	21,029	CBRE Group, Inc., Class - A(a)		1,553
	28,752	Corp. Inmobiliaria Vesta Sab de CV, ADR		945
	254	Howard Hughes Holdings, Inc.(a)		19
	362	Jones Lang LaSalle, Inc.(a)		51
	77,519	Tricon Residential, Inc.		574
	427	Zillow Group, Inc., Class - A(a)		19
	100,175	Zillow Group, Inc., Class - C(a)		4,624
				7,785
		Residential REITs — 1.35%
	158,322	American Homes 4 Rent, Class - A		5,333
	1,135	Apartment Income REIT Corp.		35
	52,515	AvalonBay Communities, Inc.		9,018
	9,554	Camden Property Trust		904
	13,918	Equity LifeStyle Properties, Inc.		887
	16,860	Equity Residential		990
	12,460	Essex Property Trust, Inc.		2,643
	97,435	Invitation Homes, Inc.		3,088
	7,556	Mid-America Apartment Communities, Inc.		972
	31,747	Sun Communities, Inc.		3,757
	67,556	UDR, Inc.		2,410
	85,877	Veris Residential, Inc.		1,417
				31,454
		Retail REITs — 0.48%
	672	Agree Realty Corp.		37
	112,499	Brixmor Property Group, Inc.		2,338
	30,482	Getty Realty Corp.		845
	16,616	Kimco Realty Corp.		293
	22,311	Kite Realty Group Trust		478
	1,373	NNN REIT, Inc.		49
	38,327	Phillips Edison & Co., Inc.		1,285
	33,240	Realty Income Corp.		1,660
	6,037	Regency Centers Corp.		358
	22,228	Simon Property Group, Inc.		2,402
	1,055	Spirit Realty Capital, Inc.		35
	59,655	Tanger Factory Outlet Centers, Inc.		1,348
				11,128
		Semiconductors & Semiconductor Equipment — 4.44%
	69,012	Advanced Micro Devices, Inc.(a)		7,096
	503	Allegro MicroSystems, Inc.(a)		16
	13,581	Analog Devices, Inc.		2,378
	60,815	Applied Materials, Inc.		8,420
	6,898	ARM Holdings PLC, ADR(a)		369
	5,375	ASML Holding N.V., NYS		3,164
	13,814	Broadcom, Inc.		11,474
	416	Cirrus Logic, Inc.(a)		31
	3,668	Enphase Energy, Inc.(a)		441
	4,035	Entegris, Inc.		379

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Semiconductors & Semiconductor Equipment (continued)
	2,783	First Solar, Inc.(a)	$	449
	592	GLOBALFOUNDRIES, Inc.(a)		34
	112,665	Intel Corp.		4,006
	3,706	KLA Corp.		1,700
	3,629	Lam Research Corp.		2,274
	3,713	Lattice Semiconductor Corp.(a)		319
	23,163	Marvell Technology, Inc.		1,254
	14,646	Microchip Technology, Inc.		1,143
	36,233	Micron Technology, Inc.		2,465
	501	MKS Instruments, Inc.		43
	1,219	Monolithic Power Systems, Inc.		563
	104,011	NVIDIA Corp.		45,245
	5,049	NXP Semiconductors N.V.		1,009
	11,665	ON Semiconductor Corp.(a)		1,084
	2,678	Qorvo, Inc.(a)		255
	30,094	QUALCOMM, Inc.		3,342
	4,302	Skyworks Solutions, Inc.		424
	1,095	SolarEdge Technologies, Inc.(a)		142
	4,202	Teradyne, Inc.		422
	24,508	Texas Instruments, Inc.		3,897
	353	Universal Display Corp.		55
	3,344	Wolfspeed, Inc.(a)		128
				104,021
		Software — 10.06%
	28,087	Adobe, Inc.(a)		14,321
	455	Alteryx, Inc., Class - A(a)		17
	14,358	ANSYS, Inc.(a)		4,271
	20,013	Appfolio, Inc., Class - A(a)		3,655
	1,660	AppLovin Corp., Class - A(a)		66
	1,971	Aspen Technology, Inc.(a)		403
	4,052	Atlassian Corp., Class - A(a)		816
	5,780	Autodesk, Inc.(a)		1,196
	5,572	Bentley Systems, Inc., Class - B		280
	2,638	BILL Holdings, Inc.(a)		286
	25,414	Cadence Design Systems, Inc.(a)		5,954
	1,519	CCC Intelligent Solutions Holdings, Inc.(a)		20
	4,606	Confluent, Inc., Class - A(a)		136
	10,342	Crowdstrike Holdings, Inc., Class - A(a)		1,731
	64,363	Dassault Systemes SE		2,390
	6,970	Datadog, Inc., Class - A(a)		635
	5,440	DocuSign, Inc.(a)		229
	449	Dolby Laboratories, Inc., Class - A		36
	849	DoubleVerify Holdings, Inc.(a)		24
	7,015	Dropbox, Inc., Class - A(a)		191
	6,505	Dynatrace, Inc.(a)		304
	587	Elastic N.V.(a)		48
	670	Fair Isaac Corp.(a)		582
	531	Five9, Inc.(a)		34
	17,932	Fortinet, Inc.(a)		1,052
	46,414	Gen Digital, Inc.		821
	663	Gitlab, Inc., Class - A(a)		30
	622	Guidewire Software, Inc.(a)		56
	701	HashiCorp, Inc., Class - A(a)		16
	1,839	HubSpot, Inc.(a)		905
	279	Informatica, Inc., Class - A(a)		6
	18,721	Intuit, Inc.		9,566
	37,626	Kinaxis, Inc.(a)		4,244
	1,680	Manhattan Associates, Inc.(a)		332
	312,492	Microsoft Corp.		98,672
	102,767	Money Forward, Inc.(a)		3,281
	528	nCino, Inc.(a)		17
	974	NCR Corp.(a)		26

HC CAPITAL TRUST

The Institutional U.S. Equity Portfolio

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Software (continued)
	404	New Relic, Inc.(a)	$	35
	1,742	Nutanix, Inc., Class - A(a)		61
	92,624	Oracle Corp.		9,811
	49,359	Palantir Technologies, Inc., Class - A(a)		790
	32,778	Palo Alto Networks, Inc.(a)		7,684
	314	Pegasystems, Inc.		14
	47,144	Procore Technologies, Inc.(a)		3,080
	2,990	PTC, Inc.(a)		423
	646	RingCentral, Inc., Class - A(a)		19
	12,390	Roper Technologies, Inc.		6,000
	60,808	Salesforce, Inc.(a)		12,330
	1,448	SentinelOne, Inc., Class - A(a)		24
	7,382	ServiceNow, Inc.(a)		4,126
	964	Smartsheet, Inc., Class - A(a)		39
	4,269	Splunk, Inc.(a)		625
	4,110	Synopsys, Inc.(a)		1,886
	776	Teradata Corp.(a)		35
	43,039	The Descartes Systems Group, Inc.(a)		3,159
	929,184	The Sage Group PLC		11,180
	16,930	Tyler Technologies, Inc.(a)		6,537
	9,881	UiPath, Inc., Class - A(a)		169
	6,594	Unity Software, Inc.(a)		207
	6,227	VMware, Inc., Class - A(a)		1,037
	29,201	Workday, Inc., Class - A(a)		6,274
	28,893	Xero Ltd.(a)		2,077
	6,499	Zoom Video Communications, Inc., Class - A(a)		454
	2,362	Zscaler, Inc.(a)		368
				235,093
		Specialized REITs — 1.67%
	23,621	American Tower Corp.		3,884
	17,554	Crown Castle, Inc.		1,615
	36,978	CubeSmart		1,410
	29,236	Digital Realty Trust, Inc.		3,538
	24,537	EPR Properties		1,019
	16,753	Equinix, Inc.		12,168
	9,605	Extra Space Storage, Inc.		1,168
	19,021	Gaming and Leisure Properties, Inc.		866
	51,390	Iron Mountain, Inc.		3,055
	656	Lamar Advertising Co., Class - A		55
	603	National Storage Affiliates Trust		19
	18,246	Public Storage		4,809
	1,105	Rayonier, Inc.		31
	4,985	SBA Communications Corp.		998
	117,103	VICI Properties, Inc.		3,407
	29,473	Weyerhaeuser Co.		904
				38,946
		Specialty Retail — 1.40%
	4,227	Advance Auto Parts, Inc.		236
	230	AutoNation, Inc.(a)		35
	830	AutoZone, Inc.(a)		2,108
	5,953	Bath & Body Works, Inc.		202
	5,288	Best Buy Co., Inc.		367
	1,752	Burlington Stores, Inc.(a)		237
	4,275	CarMax, Inc.(a)		303
	2,444	Chewy, Inc., Class - A(a)		45
	1,674	Dick's Sporting Goods, Inc.		181
	414	Five Below, Inc.(a)		67
	783	Floor & Decor Holdings, Inc., Class - A(a)		71
	2,036	GameStop Corp., Class - A(a)		34
	206	Lithia Motors, Inc.		61
	15,907	Lowe's Cos., Inc.		3,306

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Specialty Retail (continued)
	149	Murphy USA, Inc.	$	51
	3,630	O'Reilly Automotive, Inc.(a)		3,300
	152	Penske Automotive Group, Inc.		25
	610	Petco Health & Wellness Co., Inc.(a)		2
	123	Restoration Hardware Co.(a)		33
	9,168	Ross Stores, Inc.		1,036
	1,475	The Gap, Inc.		16
	30,420	The Home Depot, Inc.		9,191
	107,926	The TJX Cos., Inc.		9,591
	4,369	Tractor Supply Co.		887
	2,658	Ulta Beauty, Inc.(a)		1,062
	1,302	Valvoline, Inc.		42
	615	Victoria's Secret & Co.(a)		10
	598	Wayfair, Inc., Class - A(a)		36
	503	Williams-Sonoma, Inc.		78
				32,613
		Technology Hardware, Storage & Peripherals — 3.79%
	500,831	Apple, Inc.		85,746
	4,989	Dell Technologies, Inc., Class - C		344
	34,867	Hewlett Packard Enterprise Co.		605
	23,758	HP, Inc.		611
	5,743	NetApp, Inc.		436
	2,163	Pure Storage, Inc., Class - A(a)		77
	3,632	Seagate Technology Holdings PLC		240
	919	Super Micro Computer, Inc.(a)		252
	8,646	Western Digital Corp.(a)		395
				88,706
		Textiles, Apparel & Luxury Goods — 0.41%
	930	Capri Holdings Ltd.(a)		49
	283	Carter's, Inc.		20
	273	Columbia Sportswear Co.		20
	459	Crocs, Inc.(a)		40
	711	Deckers Outdoor Corp.(a)		366
	7,448	Lululemon Athletica, Inc.(a)		2,872
	12,495	LVMH Moet Hennessy Louis Vuitton SE, ADR		1,888
	41,018	NIKE, Inc., Class - B		3,921
	478	PVH Corp.		37
	307	Ralph Lauren Corp.		36
	1,015	Skechers USA, Inc., Class - A(a)		50
	1,791	Tapestry, Inc.		51
	1,429	Under Armour, Inc., Class - A(a)		10
	1,440	Under Armour, Inc., Class - C(a)		9
	9,114	V.F. Corp.		161
				9,530
		Tobacco — 0.34%
	73,607	Altria Group, Inc.		3,095
	53,182	Philip Morris International, Inc.		4,924
				8,019
		Trading Companies & Distributors — 0.51%
	788	Air Lease Corp.		31
	640	Core & Main, Inc., Class - A(a)		18
	46,231	Fastenal Co.		2,527
	40,400	Ferguson PLC		6,645
	350	MSC Industrial Direct Co., Inc.		34
	337	SiteOne Landscape Supply, Inc.(a)		55
	1,856	United Rentals, Inc.		825
	1,863	W.W. Grainger, Inc.		1,289
	899	Watsco, Inc.		339

HC CAPITAL TRUST

The Institutional U.S. Equity Portfolio

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Trading Companies & Distributors (continued)
	338	WESCO International, Inc.	$	49
				11,812
		Water Utilities — 0.10%
	10,696	American Water Works Co., Inc.		1,324
	27,389	Essential Utilities, Inc.		941
				2,265
		Wireless Telecommunication Services — 0.35%
	58,189	T-Mobile US, Inc.		8,149
		Total Common Stocks		1,900,353
		Contingent Right — 0.00%
		Biotechnology — 0.00%
	14	Oncternal Therapeutics, Inc. CVR, 12/31/49(a)(b)(c)		—
		Total Contingent Right		—
		Exchange-Traded Funds — 4.38%
	1,583,300	Invesco S&P 500 Low Volatility ETF		93,082
	8,594	iShares Russell 1000 ETF		2,019
	16,960	SPDR S&P 500 ETF Trust		7,250
		Total Exchange-Traded Funds		102,351
		Investment Companies — 13.13%
	898,067	Federated Hermes Treasury Obligations Fund, Institutional Shares, 4.99%^^(d)		898
	305,776,573	State Street Institutional Treasury Plus Money Market Fund, Trust Class, 5.23%(d)		305,777
		Total Investment Companies		306,675
		Total Investments (cost $1,779,409) — 98.88%		2,309,379
		Other assets in excess of liabilities — 1.12%		26,142
		Net Assets - 100.00%	$	2,335,521

Amounts designated as "—" are $0 or have been rounded to $0.

^	All or part of this security was on loan as of September 30, 2023.
^^	Purchased with cash collateral held from securities lending. The value of the collateral could include collateral held for securities that were sold on or before September 30, 2023.
(a)	Represents non-income producing security.
(b)	Represents a security purchased under Rule 144A or Section 4(2) and is exempt from registration under the Securities Act of 1933, as amended, or is otherwise restricted to resale. Certain of these securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. These securities have been deemed liquid by the Specialist Manager.
(c)	Security was valued using significant unobservable inputs as of September 30, 2023.
(d)	Annualized 7-day yield as of period-end.

ADR—American Depositary Receipt

ETF—Exchange-Traded Fund

REIT—Real Estate Investment Trust

HC CAPITAL TRUST

The Institutional U.S. Equity Portfolio

Portfolio of Investments (concluded) — September 30, 2023 (Unaudited)

The following table reflects the percentage of total net assets of the Portfolio attributable to each Specialist Manager as of September 30, 2023.

The Institutional U.S. Equity Portfolio	Echo Street Capital Management LLC			Jennison Associates, LLC			Mellon Investments Corporation			Parametric Portfolio Associates, LLC			Wellington Management Company, LLP			HC Capital Solutions			Rhumbline Advisers			Total
Common Stocks		11.76	%		3.98	%		50.13	%		-			2.64	%		-			12.86	%		81.37	%
Contingent Right		-			-			0.00	%		-			-			-			-			0.00	%
Exchange-Traded Funds		0.31	%		-			-			3.99	%		-			-			0.08	%		4.38	%
Investment Companies		-			-			0.07	%		13.00	%		0.03	%		-			0.03	%		13.13	%
Other Assets (Liabilities)		0.05	%		0.06	%		0.11	%		0.86	%		0.01	%		0.02	%		0.01	%		1.12	%
Total Net Assets		12.12	%		4.04	%		50.31	%		17.85	%		2.68	%		0.02	%		12.98	%		100.00	%

Amounts designated as "—" indicate the Specialist Manager did not manage any holdings in that category. 

The following table reflects the open derivative positions held by the Portfolio as of September 30, 2023.

Futures Contracts Purchased*

Description		Number of Contracts		Expiration Date		Notional Amount (000)		Value and Unrealized Appreciation/ (Depreciation) (000)
E-Mini S&P 500 Future			1,671		12/15/23	$	361,395	$	(6,270	)
Russell 2000 Mini Index Future			115		12/15/23		10,342		(27	)
						$	371,737	$	(6,297	)
	Total Unrealized Appreciation							$	—
	Total Unrealized Depreciation								(6,297	)
	Total Net Unrealized Appreciation/(Depreciation)							$	(6,297	)

* Cash has been pledged as collateral for futures contracts held by the Portfolio.

HC CAPITAL TRUST

The Small Capitalization-Mid Capitalization Equity Portfolio

Portfolio of Investments — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks — 99.20%
		Aerospace & Defense — 0.73%
	347	AAR Corp.(a)	$	21
	176	AeroVironment, Inc.(a)		20
	700	Curtiss-Wright Corp.		136
	716	Kaman Corp.		14
	9,052	Kratos Defense & Security Solutions, Inc.(a)		136
	64	Moog, Inc., Class - A		7
	4,777	Redwire Corp.^(a)		14
	4,770	Triumph Group, Inc.(a)		37
	2,533	V2X, Inc.(a)		131
				516
		Air Freight & Logistics — 0.14%
	670	Air Transport Services Group, Inc.(a)		14
	538	Forward Air Corp.		37
	586	Hub Group, Inc., Class - A(a)		46
				97
		Automobile Components — 1.75%
	1,571	Adient PLC(a)		58
	2,008	American Axle & Manufacturing Holdings, Inc.(a)		15
	25,347	Dana, Inc.		372
	554	Dorman Products, Inc.		42
	10,286	Modine Manufacturing Co.(a)		470
	930	Patrick Industries, Inc.		70
	817	Stoneridge, Inc.(a)		16
	1,818	The Goodyear Tire & Rubber Co.(a)		23
	872	Visteon Corp.(a)		120
	522	Winnebago Industries, Inc.		31
	216	XPEL, Inc.(a)		17
				1,234
		Banks — 9.00%
	1,715	Ameris Bancorp		66
	1,712	Axos Financial, Inc.(a)		65
	813	Banc of California, Inc.		10
	1,048	BancFirst Corp.		91
	4,378	Bank of Marin Bancorp		80
	6,654	BankUnited, Inc.		151
	1,471	Bankwell Financial Group, Inc.		36
	1,775	Banner Corp.		75
	2,204	BCB Bancorp, Inc.		25
	4,171	Berkshire Hills Bancorp, Inc.		84
	418	Byline Bancorp, Inc.		8
	5,139	Cadence Bank		109
	2,951	Cathay General Bancorp		103
	1,054	Central Valley Community Bancorp		15
	3,735	Columbia Banking System, Inc.		76
	3,488	Columbia Financial, Inc.(a)		55
	2,630	ConnectOne Bancorp, Inc.		47
	777	Cullen/Frost Bankers, Inc.		71
	9,064	CVB Financial Corp.		150
	3,447	Dime Community Bancshares, Inc.		69
	2,962	Eastern Bankshares, Inc.		37
	3,279	Enterprise Financial Services Corp.		123
	6,060	FB Financial Corp.		172
	24,739	First Bancorp		332
	952	First Bancorp		27
	2,341	First Bank		25
	3,516	First Busey Corp.		68
	14,222	First Commonwealth Financial Corp.		174
	3,478	First Financial Bancorp		68
	22,418	First Foundation, Inc.		136

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Banks (continued)
	5,034	First Horizon Corp.	$	55
	6,998	First Merchants Corp.		194
	1,201	Flushing Financial Corp.		16
	6,458	Fulton Financial Corp.		78
	3,205	Hancock Whitney Corp.		119
	2,946	Heartland Financial USA, Inc.		87
	868	Hilltop Holdings, Inc.		25
	24,005	HomeStreet, Inc.		186
	4,173	Hope Bancorp, Inc.		37
	1,707	Horizon Bancorp, Inc.		18
	3,570	Independent Bank Corp.		175
	2,151	Independent Bank Group, Inc.		85
	129	International Bancshares Corp.		6
	774	Lakeland Financial Corp.		37
	2,021	Live Oak Bancshares, Inc.		59
	1,295	Midland States Bancorp, Inc.		27
	1,147	National Bank Holdings Corp., Class - A		34
	2,678	New York Community Bancorp, Inc.		30
	1,622	Northrim BanCorp, Inc.		64
	3,969	Northwest Bancshares, Inc.		41
	3,649	OFG Bancorp		109
	2,194	Old Second Bancorp, Inc.		30
	1,149	Orrstown Financial Services, Inc.		24
	2,911	Pacific Premier Bancorp, Inc.		63
	146	Park National Corp.		14
	155	Pathward Financial, Inc.		7
	569	Peoples Bancorp, Inc.		14
	1,889	Pinnacle Financial Partners, Inc.		127
	4,394	Popular, Inc.		276
	3,750	Provident Bancorp, Inc.(a)		36
	3,124	Provident Financial Services, Inc.		48
	2,649	Sandy Spring Bancorp, Inc.		57
	990	ServisFirst Bancshares, Inc.		52
	709	Stellar Bancorp, Inc.		15
	3,405	Sterling Bancorp, Inc.(a)		20
	2,745	Stock Yards Bancorp, Inc.		108
	510	Texas Capital Bancshares, Inc.(a)		30
	19,123	The Bancorp, Inc.(a)		659
	2,444	The Bank of N.T. Butterfield & Son Ltd.		66
	2,060	The First of Long Island Corp.		24
	3,235	Towne Bank		74
	1,745	TriCo Bancshares		56
	240	Triumph Financial, Inc.(a)		16
	5,375	Trustmark Corp.		117
	2,275	United Bankshares, Inc.		63
	3,391	United Community Banks, Inc.		86
	2,879	Veritex Holdings, Inc.		52
	4,326	WesBanco, Inc.		106
	623	Western New England Bancorp, Inc.		4
	963	Wintrust Financial Corp.		73
	247	WSFS Financial Corp.		9
				6,356
		Beverages — 0.35%
	440	Celsius Holdings, Inc.(a)		76
	13,069	The Duckhorn Portfolio, Inc.(a)		133
	341	The Vita Coco Co., Inc.(a)		9
	11,584	Zevia PBC, Class - A(a)		26
				244
		Biotechnology — 6.36%
	10,565	2seventy bio, Inc.(a)		41
	15,105	4D Molecular Therapeutics, Inc.(a)		192
	2,932	Actinium Pharmaceuticals, Inc.(a)		17

HC CAPITAL TRUST

The Small Capitalization-Mid Capitalization Equity Portfolio

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Biotechnology (continued)
	3,641	Acumen Pharmaceuticals, Inc.(a)	$	15
	12,852	Adicet Bio, Inc.(a)		18
	564	AnaptysBio, Inc.(a)		10
	1,323	Anavex Life Sciences Corp.(a)		9
	11,704	Annexon, Inc.(a)		28
	468	Apellis Pharmaceuticals, Inc.(a)		18
	1,184	Apogee Therapeutics, Inc.(a)		25
	450	Arcellx, Inc.(a)		16
	850	Arcus Biosciences, Inc.(a)		15
	1,118	Arrowhead Pharmaceuticals, Inc.(a)		30
	5,353	Beam Therapeutics, Inc.(a)		129
	11,191	BioAtla, Inc.(a)		19
	14,518	BioCryst Pharmaceuticals, Inc.(a)		103
	421	Biohaven Ltd.(a)		11
	7,731	BioVie, Inc.^(a)		26
	29,713	Bioxcel Therapeutics, Inc.(a)		75
	5,683	Bluebird Bio, Inc.(a)		17
	18,086	Bridgebio Pharma, Inc.(a)		476
	3,012	Celldex Therapeutics, Inc.(a)		83
	16,043	Cogent Biosciences, Inc.(a)		156
	20,729	Cue Biopharma, Inc.(a)		48
	467	Cytokinetics, Inc.(a)		14
	1,291	Day One Biopharmaceuticals, Inc.(a)		16
	43,963	Design Therapeutics, Inc.(a)		104
	5,831	Dynavax Technologies Corp.(a)		86
	10,449	Emergent BioSolutions, Inc.(a)		36
	24,292	EQRx, Inc.(a)		54
	9,723	Gritstone bio, Inc.(a)		17
	4,978	Halozyme Therapeutics, Inc.(a)		190
	653	Horizon Therapeutics PLC(a)		76
	3,251	ImmunoGen, Inc.(a)		52
	928	Intellia Therapeutics, Inc.(a)		29
	14,080	Kezar Life Sciences, Inc.(a)		17
	442	Kiniksa Pharmaceuticals Ltd., Class - A(a)		8
	14,285	Kodiak Sciences, Inc.(a)		26
	388	Krystal Biotech, Inc.(a)		45
	4,749	Larimar Therapeutics, Inc.(a)		19
	45,403	MacroGenics, Inc.(a)		212
	2,208	Madrigal Pharmaceuticals, Inc.(a)		322
	4,216	MannKind Corp.(a)		17
	4,130	Myriad Genetics, Inc.(a)		66
	432	Natera, Inc.(a)		19
	30,739	Nkarta, Inc.(a)		43
	612	Nuvalent, Inc., Class - A(a)		28
	14,025	Ocean Biomedical, Inc.(a)		55
	6,995	Olema Pharmaceuticals, Inc.(a)		86
	2,087	PDL BioPharma, Inc.(a)		3
	4,863	PDS Biotechnology Corp.(a)		25
	13,757	Poseida Therapeutics, Inc.(a)		33
	33,454	Protalix BioTherapeutics, Inc.^(a)		56
	2,729	Prothena Corp. PLC(a)		132
	322	RAPT Therapeutics, Inc.(a)		5
	2,329	Recursion Pharmaceuticals, Inc., Class - A(a)		18
	2,459	Rocket Pharmaceuticals, Inc.(a)		50
	4,877	Sage Therapeutics, Inc.(a)		100
	7,383	Summit Therapeutics, Inc.(a)		14
	2,137	Syndax Pharmaceuticals, Inc.(a)		31
	4,621	Twist Bioscience Corp.(a)		94
	604	United Therapeutics Corp.(a)		136
	3,598	Vaxcyte, Inc.(a)		183
	1,839	Vericel Corp.(a)		62
	16,422	Viking Therapeutics, Inc.(a)		182
	6,070	Vir Biotechnology, Inc.(a)		57

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Biotechnology (continued)
	1,004	XOMA Corp.(a)	$	14
	14,136	Y-mAbs Therapeutics, Inc.(a)		77
				4,486
		Broadline Retail — 0.74%
	31,300	Big Lots, Inc.		160
	331	Etsy, Inc.(a)		21
	15,740	Groupon, Inc.^(a)		241
	8,527	Macy's, Inc.		99
				521
		Building Products — 1.84%
	1,948	Apogee Enterprises, Inc.		92
	2,770	AZZ, Inc.		126
	2,808	Builders FirstSource, Inc.(a)		349
	354	CSW Industrials, Inc.		62
	441	Gibraltar Industries, Inc.(a)		30
	1,230	Griffon Corp.		49
	443	Insteel Industries, Inc.		14
	841	Masonite International Corp.(a)		78
	3,356	Trex Co., Inc.(a)		207
	2,155	UFP Industries, Inc.		221
	2,342	Zurn Elkay Water Solutions Corp.		66
				1,294
		Capital Markets — 1.78%
	1,338	Artisan Partners Asset Management, Inc., Class - A		50
	646	B. Riley Financial, Inc.		26
	13,347	BGC Group, Inc., Class - A		70
	1,179	Brightsphere Investment Group, Inc.		23
	979	Cohen & Steers, Inc.		61
	1,749	Evercore, Inc.		241
	3,056	Federated Hermes, Inc.		104
	184	Hamilton Lane, Inc., Class - A		17
	75	Houlihan Lokey, Inc.		8
	671	LPL Financial Holdings, Inc.		159
	128	Moelis & Co., Class - A		6
	242	Piper Sandler Cos.		35
	437	PJT Partners, Inc., Class - A		35
	1,512	Stifel Financial Corp.		93
	411	StoneX Group, Inc.(a)		40
	2,045	Victory Capital Holdings, Inc., Class - A		68
	751	Virtus Investment Partners, Inc.		152
	9,720	WisdomTree, Inc.		68
				1,256
		Chemicals — 1.41%
	828	Avient Corp.		29
	695	Balchem Corp.		86
	48	Cabot Corp.		3
	1,324	Chase Corp.		168
	3,052	FMC Corp.		205
	158	Huntsman Corp.		4
	1,018	Innospec, Inc.		104
	8,091	Livent Corp.(a)		149
	617	Minerals Technologies, Inc.		34
	129	NewMarket Corp.		59
	1,544	Orion SA		33
	1,511	Sensient Technologies Corp.		88
	2,355	Tronox Holdings PLC		32
				994

HC CAPITAL TRUST

The Small Capitalization-Mid Capitalization Equity Portfolio

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Commercial Services & Supplies — 1.14%
	1,375	ABM Industries, Inc.	$	55
	2,183	Brady Corp., Class - A		120
	1,307	Casella Waste Systems, Inc.(a)		100
	5,910	CoreCivic, Inc.(a)		66
	4,994	HNI Corp.		174
	6,592	MillerKnoll, Inc.		161
	919	OPENLANE, Inc.(a)		14
	5,037	Quad/Graphics, Inc.(a)		25
	142	SP Plus Corp.(a)		5
	5,041	Steelcase, Inc., Class - A		56
	1,472	The GEO Group, Inc.(a)		12
	85	UniFirst Corp.		14
	48	VSE Corp.		2
				804
		Communications Equipment — 0.21%
	835	Calix, Inc.(a)		38
	673	Clearfield, Inc.(a)		19
	7,058	Comtech Telecommunications Corp.		62
	5,452	KVH Industries, Inc.(a)		28
				147
		Construction & Engineering — 1.90%
	4,051	AECOM		336
	1,546	Ameresco, Inc., Class - A(a)		60
	1,585	Dycom Industries, Inc.(a)		141
	1,160	EMCOR Group, Inc.		244
	2,153	Fluor Corp.(a)		79
	3,323	Granite Construction, Inc.		126
	2,960	MasTec, Inc.(a)		213
	117	MYR Group, Inc.(a)		16
	2,938	WillScot Mobile Mini Holdings Corp.(a)		122
				1,337
		Construction Materials — 0.61%
	1,759	Eagle Materials, Inc.		293
	4,373	Summit Materials, Inc., Class - A(a)		136
				429
		Consumer Finance — 0.22%
	465	Bread Financial Holdings, Inc.		16
	2,878	Consumer Portfolio Services, Inc.(a)		26
	288	Encore Capital Group, Inc.(a)		14
	2,149	Green Dot Corp., Class - A(a)		30
	3,434	LendingClub Corp.(a)		21
	875	Navient Corp.		15
	351	Nelnet, Inc., Class - A		31
				153
		Consumer Staples Distribution & Retail — 0.88%
	2,670	BJ's Wholesale Club Holdings, Inc.(a)		190
	205	Casey's General Stores, Inc.		56
	1,696	Ingles Markets, Inc., Class - A		128
	828	Performance Food Group Co.(a)		49
	202	PriceSmart, Inc.		15
	1,063	SpartanNash Co.		23
	1,208	The Andersons, Inc.		62
	3,462	United Natural Foods, Inc.(a)		49
	714	Weis Markets, Inc.		45
				617
		Containers & Packaging — 0.37%
	693	AptarGroup, Inc.		86
	2,133	Graphic Packaging Holding Co.		48

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Containers & Packaging (continued)
	3,245	Myers Industries, Inc.	$	58
	2,746	TriMas Corp.		68
				260
		Diversified Consumer Services — 0.96%
	3,247	Adtalem Global Education, Inc.(a)		139
	4,561	Coursera, Inc.(a)		85
	17,039	Perdoceo Education Corp.		291
	2,069	Strategic Education, Inc.		156
	782	Universal Technical Institute, Inc.(a)		7
				678
		Diversified REITs — 0.24%
	2,565	Alexander & Baldwin, Inc.		43
	4,784	American Assets Trust, Inc.		93
	6,595	City Office REIT, Inc.		28
	264	Essential Properties Realty Trust, Inc.		6
				170
		Diversified Telecommunication Services — 0.34%
	3,094	IDT Corp., Class - B(a)		68
	256	Iridium Communications, Inc.		12
	19,781	Liberty Latin America Ltd., Class - C(a)		161
				241
		Electric Utilities — 0.62%
	1,876	ALLETE, Inc.		99
	3,048	Genie Energy Ltd., Class - B		45
	3,096	MGE Energy, Inc.		212
	528	Otter Tail Corp.		40
	185	PNM Resources, Inc.		8
	464	Portland General Electric Co.		19
	2,034	Via Renewables, Inc.		15
				438
		Electrical Equipment — 1.32%
	8,245	Array Technologies, Inc.(a)		183
	1,099	Bloom Energy Corp., Class - A(a)		15
	30,604	Dragonfly Energy Holdings Corp.(a)		47
	2,360	EnerSys		223
	7,897	Enovix Corp.(a)		99
	395	NEXTracker, Inc., Class - A(a)		16
	1,604	Plug Power, Inc.^(a)		12
	522	Regal Rexnord Corp.		75
	6,744	Shoals Technologies Group, Inc., Class - A(a)		123
	3,233	Sunrun, Inc.(a)		41
	29,485	TPI Composites, Inc.(a)		78
	294	Vicor Corp.(a)		17
				929
		Electronic Equipment, Instruments & Components — 3.11%
	809	Advanced Energy Industries, Inc.		83
	13,790	Akoustis Technologies, Inc.(a)		10
	1,155	Arlo Technologies, Inc.(a)		12
	521	Badger Meter, Inc.		75
	544	Belden, Inc.		53
	824	ePlus, Inc.(a)		52
	2,761	Fabrinet(a)		461
	13,681	Flex Ltd.(a)		369
	1,005	Insight Enterprises, Inc.(a)		146
	548	IPG Photonics Corp.		56
	5,296	Iteris, Inc.(a)		22

HC CAPITAL TRUST

The Small Capitalization-Mid Capitalization Equity Portfolio

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Electronic Equipment, Instruments & Components (continued)
	3,288	Jabil, Inc.	$	417
	414	Kimball Electronics, Inc.(a)		11
	6,172	Knowles Corp.(a)		91
	368	Littelfuse, Inc.		91
	1,319	Methode Electronics, Inc.		30
	2,099	Mirion Technologies, Inc.(a)		16
	111	Novanta, Inc.(a)		16
	2,062	PC Connection, Inc.		110
	51	Plexus Corp.(a)		5
	4,447	Richardson Electronics Ltd.		49
	86	Sanmina Corp.(a)		5
	34	TD SYNNEX Corp.		3
	801	TTM Technologies, Inc.(a)		10
				2,193
		Energy Equipment & Services — 2.89%
	1,120	AESI Holdings, Inc.		25
	7,609	Archrock, Inc.		96
	1,233	Bristow Group, Inc.(a)		35
	460	Cactus, Inc., Class - A		23
	4,798	ChampionX Corp.		171
	13,231	Diamond Offshore Drilling, Inc.(a)		194
	2,676	DMC Global, Inc.(a)		65
	12,375	Expro Group Holdings N.V.(a)		287
	3,134	Helmerich & Payne, Inc.		132
	1,981	KLX Energy Services Holdings, Inc.^(a)		23
	5,195	Liberty Energy, Inc.		96
	1,228	Nabors Industries Ltd.(a)		151
	449	Noble Corp. PLC		23
	1,775	Oceaneering International, Inc.(a)		46
	16,833	Patterson-UTI Energy, Inc.		233
	2,633	ProPetro Holding Corp.(a)		28
	2,487	Ranger Energy Services, Inc.		35
	7,617	Solaris Oilfield Infrastructure, Inc., Class - A		81
	4,093	Tidewater, Inc.(a)		292
				2,036
		Entertainment — 0.24%
	2,567	Atlanta Braves Holdings, Inc.(a)		91
	1,640	Atlanta Braves Holdings, Inc.(a)		64
	682	Cinemark Holdings, Inc.(a)		13
				168
		Financial Services — 1.26%
	23,967	AvidXchange Holdings, Inc.(a)		226
	9,701	Cannae Holdings, Inc.(a)		181
	2,141	EVERTEC, Inc.		80
	47	Federal Agricultural Mortgage Corp., Class - C		7
	27,335	Finance of America Cos., Inc., Class - A(a)		35
	2,400	Flywire Corp.(a)		77
	2,889	Marqeta, Inc., Class - A(a)		17
	228	MGIC Investment Corp.		4
	1,030	Mr Cooper Group, Inc.(a)		55
	1,123	Paymentus Holdings, Inc., Class - A(a)		19
	2,840	Payoneer Global, Inc.(a)		17
	871	PennyMac Financial Services, Inc.		58
	496	Remitly Global, Inc.(a)		13
	928	Walker & Dunlop, Inc.		69
	155	WEX, Inc.(a)		29
				887

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Food Products — 1.19%
	645	Alico, Inc.	$	16
	1,587	Darling Ingredients, Inc.(a)		83
	1,059	Fresh Del Monte Produce, Inc.		27
	365	Freshpet, Inc.(a)		24
	682	J & J Snack Foods Corp.		112
	2,078	John B. Sanfilippo & Son, Inc.		205
	1,427	Mission Produce, Inc.(a)		14
	5,504	Sovos Brands, Inc.(a)		124
	1,116	The Simply Good Foods Co.(a)		39
	1,580	Tootsie Roll Industries, Inc.		47
	786	TreeHouse Foods, Inc.(a)		34
	8,399	Utz Brands, Inc.		113
				838
		Gas Utilities — 0.62%
	1,764	Chesapeake Utilities Corp.		172
	329	New Jersey Resources Corp.		13
	4,660	Northwest Natural Holding Co.		179
	442	Spire, Inc.		25
	2,134	UGI Corp.		49
				438
		Ground Transportation — 0.87%
	168	ArcBest Corp.		17
	119	Avis Budget Group, Inc.(a)		21
	3,062	Heartland Express, Inc.		45
	4,344	Knight-Swift Transportation Holdings, Inc.		218
	412	P.A.M. Transportation Services, Inc.		9
	752	Saia, Inc.(a)		300
				610
		Health Care Equipment & Supplies — 3.71%
	334	AtriCure, Inc.(a)		15
	1,077	Axonics, Inc.(a)		60
	19,913	Beyond Air, Inc.^(a)		46
	42	CONMED Corp.		4
	18,392	Cutera, Inc.(a)		111
	799	CVRx, Inc.(a)		12
	698	Glaukos Corp.(a)		53
	434	Haemonetics Corp.(a)		39
	6,831	Inogen, Inc.(a)		36
	883	Inspire Medical Systems, Inc.(a)		175
	1,147	Insulet Corp.(a)		183
	479	Integer Holdings Corp.(a)		38
	933	iRhythm Technologies, Inc.(a)		88
	511	Lantheus Holdings, Inc.(a)		36
	1,261	LeMaitre Vascular, Inc.		69
	158	LENSAR, Inc.(a)		–
	4,151	Merit Medical Systems, Inc.(a)		287
	4,046	Neogen Corp.(a)		75
	1,347	Omnicell, Inc.(a)		61
	49,211	OraSure Technologies, Inc.(a)		292
	5,925	Paragon 28, Inc.(a)		74
	1,123	PROCEPT BioRobotics Corp.(a)		37
	138	Shockwave Medical, Inc.(a)		27
	492	SI-BONE, Inc.(a)		10
	1,272	STAAR Surgical Co.(a)		51
	19,385	Tactile Systems Technology, Inc.(a)		272
	1,621	Tandem Diabetes Care, Inc.(a)		34
	1,072	The Cooper Cos., Inc.		342
	391	TransMedics Group, Inc.(a)		21
	7,594	Zimvie, Inc.(a)		71
				2,619

HC CAPITAL TRUST

The Small Capitalization-Mid Capitalization Equity Portfolio

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Health Care Providers & Services — 2.28%
	3,094	Acadia Healthcare Co., Inc.(a)	$	217
	6,430	AdaptHealth Corp.(a)		59
	1,676	Addus HomeCare Corp.(a)		143
	9,348	Alignment Healthcare, Inc.(a)		65
	590	AMN Healthcare Services, Inc.(a)		50
	3,253	Apollo Medical Holdings, Inc.(a)		100
	6,483	CareMax, Inc.(a)		14
	13	Chemed Corp.		7
	153	CorVel Corp.(a)		30
	47	Encompass Health Corp.		3
	23	Enhabit, Inc.(a)		–
	3,805	Hims & Hers Health, Inc.(a)		24
	14,120	LifeStance Health Group, Inc.(a)		97
	1,122	NeoGenomics, Inc.(a)		14
	18,701	OPKO Health, Inc.(a)		30
	495	Option Care Health, Inc.(a)		16
	4,974	Owens & Minor, Inc.(a)		80
	3,683	Patterson Cos., Inc.		109
	2,681	Quipt Home Medical Corp.(a)		14
	2,950	RadNet, Inc.(a)		83
	1,380	Select Medical Holdings Corp.		35
	435	Surgery Partners, Inc.(a)		13
	2,414	Tenet Healthcare Corp.(a)		159
	195	The Ensign Group, Inc.		18
	5,921	The Joint Corp.(a)		53
	1,918	US Physical Therapy, Inc.		176
				1,609
		Health Care REITs — 0.53%
	9,184	CareTrust REIT, Inc.		188
	6,912	Global Medical REIT, Inc.		62
	1,014	LTC Properties, Inc.		33
	6,550	Sabra Health Care REIT, Inc.		91
				374
		Health Care Technology — 0.59%
	1,328	Evolent Health, Inc., Class - A(a)		36
	2,703	NextGen Healthcare, Inc.(a)		64
	879	Phreesia, Inc.(a)		16
	9,828	Schrodinger, Inc.(a)		278
	1,791	Veradigm, Inc.(a)		24
				418
		Hotel & Resort REITs — 0.98%
	4,816	Chatham Lodging Trust		46
	9,262	DiamondRock Hospitality Co.		74
	6,232	Hersha Hospitality Trust, Class - A		61
	1,144	Pebblebrook Hotel Trust		16
	14,385	RLJ Lodging Trust		141
	1,766	Ryman Hospitality Properties, Inc.		147
	7,641	Summit Hotel Properties, Inc.		44
	13,659	Xenia Hotels & Resorts, Inc.		162
				691
		Hotels, Restaurants & Leisure — 2.30%
	162	BJ's Restaurants, Inc.(a)		4
	805	Bloomin' Brands, Inc.		20
	5,300	Boyd Gaming Corp.		323
	363	Caesars Entertainment, Inc.(a)		17
	398	Chuy's Holdings, Inc.(a)		14
	1,221	Dave & Buster's Entertainment, Inc.(a)		45
	1,018	Dine Brands Global, Inc.		50
	7,017	Fiesta Restaurant Group, Inc.(a)		59
	2,169	First Watch Restaurant Group, Inc.(a)		38

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Hotels, Restaurants & Leisure (continued)
	4,640	Full House Resorts, Inc.(a)	$	20
	428	Golden Entertainment, Inc.		15
	1,218	Hilton Grand Vacations, Inc.(a)		50
	181	Jack in the Box, Inc.		12
	6,830	Krispy Kreme, Inc.		85
	999	Light & Wonder, Inc.(a)		71
	3,896	Lindblad Expeditions Holdings, Inc.(a)		28
	15,636	Noodles & Co.(a)		38
	731	Papa John's International, Inc.		50
	3,005	Planet Fitness, Inc., Class - A(a)		148
	3,075	PlayAGS, Inc.(a)		20
	9,363	Red Robin Gourmet Burgers, Inc.(a)		75
	3,161	Red Rock Resorts, Inc., Class - A		130
	1,371	Sweetgreen, Inc., Class - A(a)		16
	581	Texas Roadhouse, Inc.		56
	145	Vail Resorts, Inc.		32
	1,153	Wingstop, Inc.		207
				1,623
		Household Durables — 1.59%
	1,563	Century Communities, Inc.		104
	4,095	Dream Finders Homes, Inc., Class - A(a)		91
	4,688	Green Brick Partners, Inc.(a)		195
	891	Hamilton Beach Brands Holding Co., Class - A		11
	163	Helen of Troy Ltd.(a)		19
	370	Installed Building Products, Inc.		46
	748	LGI Homes, Inc.(a)		74
	2,390	M/I Homes, Inc.(a)		202
	937	MDC Holdings, Inc.		39
	1,111	Meritage Homes Corp.		136
	147	Skyline Champion Corp.(a)		9
	584	The Lovesac Co.(a)		12
	428	TopBuild Corp.(a)		108
	2,166	Tri Pointe Homes, Inc.(a)		59
	1,813	VOXX International Corp.(a)		14
				1,119
		Household Products — 0.28%
	1,992	Central Garden & Pet Co.(a)		88
	1,246	Central Garden & Pet Co., Class - A(a)		50
	1,019	Oil-Dri Corp. of America		63
				201
		Independent Power and Renewable Electricity Producers — 0.27%
	1,499	Clearway Energy, Inc., Class - C		32
	7,956	Montauk Renewables, Inc.(a)		72
	8,447	Sunnova Energy International, Inc.(a)		89
				193
		Industrial REITs — 0.61%
	1,133	EastGroup Properties, Inc.		189
	1,744	Innovative Industrial Properties, Inc.		132
	1,990	LXP Industrial Trust		18
	2,707	STAG Industrial, Inc.		93
				432
		Insurance — 2.17%
	689	Ambac Financial Group, Inc.(a)		8
	2,133	American Equity Investment Life Holding Co.		114
	3,379	CNO Financial Group, Inc.		80
	658	Enstar Group Ltd.(a)		159

HC CAPITAL TRUST

The Small Capitalization-Mid Capitalization Equity Portfolio

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Insurance (continued)
	35	Everest Group Ltd.	$	13
	3,462	Goosehead Insurance, Inc., Class - A(a)		258
	3,539	Horace Mann Educators Corp.		104
	655	Kinsale Capital Group, Inc.		272
	8,901	Maiden Holdings Ltd.(a)		16
	357	Palomar Holdings, Inc.(a)		18
	3,554	Root, Inc., Class - A(a)		34
	372	Selective Insurance Group, Inc.		38
	3,408	Stewart Information Services Corp.		149
	4,197	W.R. Berkley Corp.		267
				1,530
		Interactive Media & Services — 0.67%
	8,635	DHI Group, Inc.(a)		26
	4,134	Grindr, Inc.(a)		24
	2,757	Outbrain, Inc.(a)		13
	2,211	Shutterstock, Inc.		84
	18,443	TrueCar, Inc.(a)		38
	6,760	Yelp, Inc.(a)		282
	53	Ziff Davis, Inc.(a)		3
				470
		IT Services — 0.09%
	12,999	Brightcove, Inc.(a)		42
	915	Fastly, Inc., Class - A(a)		18
	135	The Hackett Group, Inc.		3
				63
		Leisure Products — 0.37%
	324	American Outdoor Brands, Inc.(a)		3
	77	Johnson Outdoors, Inc., Class - A		4
	356	MasterCraft Boat Holdings, Inc.(a)		8
	4,682	Mattel, Inc.(a)		103
	1,298	Smith & Wesson Brands, Inc.		17
	925	Topgolf Callaway Brands Corp.(a)		13
	1,299	Vista Outdoor, Inc.(a)		43
	1,461	YETI Holdings, Inc.(a)		70
				261
		Life Sciences Tools & Services — 0.76%
	75	Azenta, Inc.(a)		4
	325	BioLife Solutions, Inc.(a)		4
	102	Bruker Corp.		6
	9,145	Codexis, Inc.(a)		17
	599	Medpace Holdings, Inc.(a)		145
	11,539	NanoString Technologies, Inc.(a)		20
	29,118	Pacific Biosciences of California, Inc.(a)		244
	493	Repligen Corp.(a)		78
	7,970	Seer, Inc.(a)		18
				536
		Machinery — 3.28%
	68	Albany International Corp.		6
	1,637	Astec Industries, Inc.		77
	1,248	Chart Industries, Inc.(a)		212
	1,644	Columbus McKinnon Corp.		57
	1,328	ESCO Technologies, Inc.		139
	1,773	Federal Signal Corp.		106
	141	Franklin Electric Co., Inc.		13
	2,085	Greenbrier Cos., Inc.		83
	1,862	Helios Technologies, Inc.		103
	3,968	Hillenbrand, Inc.		168
	332	IDEX Corp.		69
	1,076	ITT, Inc.		105

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Machinery (continued)
	819	John Bean Technologies Corp.	$	86
	217	Kadant, Inc.		49
	939	Kornit Digital Ltd.(a)		18
	771	Lincoln Electric Holdings, Inc.		140
	118	Mueller Industries, Inc.		9
	16,478	Mueller Water Products, Inc., Class - A		209
	47	Oshkosh Corp.		4
	1,730	Proto Labs, Inc.(a)		46
	21	RBC Bearings, Inc.(a)		5
	1,356	SPX Technologies, Inc.(a)		110
	948	Standex International Corp.		138
	2,819	Tennant Co.		209
	2,067	Terex Corp.		119
	1,198	Trinity Industries, Inc.		29
				2,309
		Marine Transportation — 0.76%
	16,292	Costamare, Inc.		157
	12,844	Golden Ocean Group Ltd.		101
	2,101	Kirby Corp.(a)		174
	1,166	Matson, Inc.		103
				535
		Media — 1.20%
	9,684	Advantage Solutions, Inc.(a)		28
	23,868	Cardlytics, Inc.(a)		393
	15,050	Integral Ad Science Holding Corp.(a)		179
	710	John Wiley & Sons, Inc., Class - A		26
	13,858	Magnite, Inc.(a)		104
	1,827	Scholastic Corp.		70
	2,249	TEGNA, Inc.		33
	1,572	Townsquare Media, Inc., Class - A		14
				847
		Metals & Mining — 2.09%
	1,382	Alcoa Corp.		40
	17,566	ATI, Inc.(a)		724
	1,962	Carpenter Technology Corp.		132
	7,216	Dakota Gold Corp.(a)		19
	759	Haynes International, Inc.		35
	9,750	Hecla Mining Co.		38
	1,022	Ivanhoe Electric, Inc.(a)		12
	191	Materion Corp.		19
	25,514	Novagold Resources, Inc.(a)		98
	12,760	PolyMet Mining Corp.(a)		27
	2,916	Ryerson Holding Corp.		85
	5,772	TimkenSteel Corp.(a)		125
	137	Warrior Met Coal, Inc.		7
	1,868	Worthington Industries, Inc.		115
				1,476
		Mortgage Real Estate Investment Trusts  — 1.71%
	11,254	Apollo Commercial Real Estate Finance, Inc.		114
	17,446	Arbor Realty Trust, Inc.^		264
	4,822	Arlington Asset Investment Corp., Class - A(a)		21
	7,810	BrightSpire Capital, Inc.		49
	15,923	Chimera Investment Corp.		87
	15,126	Claros Mortgage Trust, Inc.		168
	1,873	Hannon Armstrong Sustainable Infrastructure Capital, Inc.		40
	8,799	Ladder Capital Corp.		90

HC CAPITAL TRUST

The Small Capitalization-Mid Capitalization Equity Portfolio

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Mortgage Real Estate Investment Trusts (continued)
	1,597	MFA Financial, Inc.	$	15
	14,159	PennyMac Mortgage Investment Trust		176
	18,302	Ready Capital Corp.		185
				1,209
		Multi-Utilities — 0.16%
	2,305	Avista Corp.		75
	891	Unitil Corp.		38
				113
		Office REITs — 0.18%
	2,446	COPT Defense Properties		58
	10,063	Hudson Pacific Properties, Inc.		67
				125
		Oil, Gas & Consumable Fuels — 5.65%
	3,497	Antero Resources Corp.(a)		89
	1,094	Arch Resources, Inc.		187
	21,728	Baytex Energy Corp.		96
	8,761	Berry Corp.		72
	2,300	California Resources Corp.		129
	3,626	Callon Petroleum Co.(a)		142
	87	Chord Energy Corp.		14
	543	Civitas Resources, Inc.		44
	3,414	Clean Energy Fuels Corp.(a)		13
	8,222	CNX Resources Corp.(a)		186
	9,016	Comstock Resources, Inc.		99
	2,431	CONSOL Energy, Inc.		254
	3,996	Crescent Energy Co., Class A		51
	5,132	Delek US Holdings, Inc.		146
	2,880	DHT Holdings, Inc.		30
	8,623	Earthstone Energy, Inc., Class - A(a)		175
	6,443	Encore Energy Corp.(a)		21
	24,166	Energy Fuels, Inc.(a)		199
	2,568	Evolution Petroleum Corp.		18
	908	FLEX LNG Ltd.		27
	2,312	Golar LNG Ltd.		56
	1,636	Green Plains, Inc.(a)		49
	2,159	Gulfport Energy Corp.(a)		255
	1,421	HighPeak Energy, Inc.^		24
	635	International Seaways, Inc.		29
	4,980	Kinetik Holdings, Inc.		168
	20,751	Kosmos Energy Ltd.(a)		170
	268	Matador Resources Co.		16
	306	Murphy Oil Corp.		14
	21,248	Navigator Holdings Ltd.		313
	2,578	Nordic American Tankers Ltd.		11
	3,747	Ovintiv, Inc.		178
	592	Par Pacific Holdings, Inc.(a)		21
	1,094	Peabody Energy Corp.		28
	2,500	Permian Resources Corp.		35
	2,186	Range Resources Corp.		71
	156	REX American Resources Corp.(a)		6
	588	Scorpio Tankers, Inc.		32
	9,204	SFL Corp. Ltd.		103
	2,200	Sitio Royalties Corp., Class - A		53
	419	SM Energy Co.		17
	30,524	Southwestern Energy Co.(a)		197
	1,128	Talos Energy, Inc.(a)		19
	450	Vital Energy, Inc.(a)		25
	4,426	World Kinect Corp.		99
				3,981

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Paper & Forest Products — 0.10%
	19,405	Glatfelter Corp.(a)	$	39
	716	Sylvamo Corp.		31
				70
		Passenger Airlines — 0.26%
	24,579	Controladora Vuela Cia de Aviacion SAB de CV, ADR(a)		167
	817	Spirit Airlines, Inc.		13
				180
		Personal Care Products — 0.73%
	3,023	e.l.f. Beauty, Inc.(a)		331
	2,135	Herbalife Ltd.(a)		30
	853	Inter Parfums, Inc.		115
	198	Medifast, Inc.		15
	406	USANA Health Sciences, Inc.(a)		24
				515
		Pharmaceuticals — 1.53%
	5,164	Amphastar Pharmaceuticals, Inc.(a)		236
	5,509	Amylyx Pharmaceuticals, Inc.(a)		101
	166	ANI Pharmaceuticals, Inc.(a)		10
	15,827	Athira Pharma, Inc.(a)		32
	11,197	Cara Therapeutics, Inc.(a)		19
	376	Corcept Therapeutics, Inc.(a)		10
	2,328	Harmony Biosciences Holdings, Inc.(a)		76
	1,228	Harrow Health, Inc.(a)		18
	1,949	Innoviva, Inc.(a)		25
	711	Intra-Cellular Therapies, Inc.(a)		37
	990	Ligand Pharmaceuticals, Inc.(a)		59
	16,911	Nuvation Bio, Inc.(a)		23
	5,295	Pacira BioSciences, Inc.(a)		162
	1,062	Phibro Animal Health Corp., Class - A		14
	3,964	Pliant Therapeutics, Inc.(a)		69
	1,583	Prestige Consumer Healthcare, Inc.(a)		91
	1,709	Supernus Pharmaceuticals, Inc.(a)		47
	3,582	Verrica Pharmaceuticals, Inc.(a)		14
	6,581	Zevra Therapeutics, Inc.(a)		32
				1,075
		Professional Services — 2.13%
	917	ASGN, Inc.(a)		75
	3,150	Asure Software, Inc.(a)		30
	62	Booz Allen Hamilton Holding Corp.		7
	20	CACI International, Inc., Class - A(a)		6
	1,815	CBIZ, Inc.(a)		94
	34	Concentrix Corp.		3
	19,677	Conduent, Inc.(a)		68
	1,882	CSG Systems International, Inc.		96
	2,570	ExlService Holdings, Inc.(a)		72
	217	Huron Consulting Group, Inc.(a)		23
	373	ICF International, Inc.		45
	254	Jack Henry & Associates, Inc.		38
	5,909	KBR, Inc.		348
	594	Kelly Services, Inc., Class - A		11
	1,348	Kforce, Inc.		80
	1,998	Korn Ferry		95
	1,668	Legalzoom.com, Inc.(a)		18
	979	Maximus, Inc.		73
	12,570	Mistras Group, Inc.(a)		69
	1,018	Science Applications International Corp.		107
	3,115	TTEC Holdings, Inc.		82
	1,649	Upwork, Inc.(a)		19

HC CAPITAL TRUST

The Small Capitalization-Mid Capitalization Equity Portfolio

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Professional Services (continued)
	2,286	Verra Mobility Corp.(a)	$	43
				1,502
		Real Estate Management & Development — 0.76%
	683	BBX Capital, Inc.(a)		5
	19,492	Compass, Inc., Class - A(a)		57
	4,937	Cushman & Wakefield PLC(a)		38
	2,814	DigitalBridge Group, Inc.		49
	17,768	Douglas Elliman, Inc.		40
	14,871	eXp World Holdings, Inc.		241
	821	Marcus & Millichap, Inc.		24
	6,938	Newmark Group, Inc., Class - A		45
	1,525	The RMR Group, Inc., Class - A		37
				536
		Residential REITs — 0.41%
	468	Centerspace		28
	12,354	Clipper Realty, Inc.		64
	7,683	Elme Communities		104
	2,757	Independence Realty Trust, Inc.		39
	3,365	Veris Residential, Inc.		56
				291
		Retail REITs — 2.24%
	12,453	Acadia Realty Trust		179
	664	CBL & Associates Properties, Inc.		14
	6,338	Getty Realty Corp.		176
	7,936	InvenTrust Properties Corp.		189
	3,897	Kite Realty Group Trust		83
	10,604	NETSTREIT Corp.		165
	14,942	Retail Opportunity Investments Corp.		185
	384	Saul Centers, Inc.		14
	6,561	SITE Centers Corp.		81
	11,883	Tanger Factory Outlet Centers, Inc.		269
	7,560	The Macerich Co.		82
	9,261	Urban Edge Properties		141
				1,578
		Semiconductors & Semiconductor Equipment — 3.20%
	485	Alpha & Omega Semiconductor Ltd.(a)		14
	3,622	Amkor Technology, Inc.		82
	2,361	Atomera, Inc.^(a)		15
	3,010	AXT, Inc.(a)		7
	55	Cirrus Logic, Inc.(a)		4
	1,496	Credo Technology Group Holding Ltd.(a)		23
	169	Diodes, Inc.(a)		13
	3,557	FormFactor, Inc.(a)		124
	188	Impinj, Inc.(a)		10
	684	Lattice Semiconductor Corp.(a)		59
	9,557	MACOM Technology Solutions Holdings, Inc.(a)		781
	2,797	MaxLinear, Inc.(a)		62
	624	MKS Instruments, Inc.		54
	631	Onto Innovation, Inc.(a)		80
	2,203	Power Integrations, Inc.		168
	2,745	Qorvo, Inc.(a)		263
	2,076	Semtech Corp.(a)		53
	1,083	Silicon Laboratories, Inc.(a)		126
	799	Synaptics, Inc.(a)		71
	1,179	Universal Display Corp.		185
	2,283	Veeco Instruments, Inc.(a)		64
				2,258

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Software — 5.36%
	5,814	A10 Networks, Inc.	$	87
	1,294	Agilysys, Inc.(a)		86
	649	Alarm.com Holdings, Inc.(a)		40
	1,591	Alkami Technology, Inc.(a)		29
	829	Altair Engineering, Inc., Class - A(a)		52
	9,583	Amplitude, Inc., Class - A(a)		111
	289	Appfolio, Inc., Class - A(a)		53
	4,688	Appian Corp., Class - A(a)		214
	6,689	AvePoint, Inc.(a)		45
	101	BlackLine, Inc.(a)		6
	1,089	Box, Inc., Class - A(a)		26
	574	CommVault Systems, Inc.(a)		39
	356	Couchbase, Inc.(a)		6
	313	Digimarc Corp.(a)		10
	34	Dolby Laboratories, Inc., Class - A		3
	19,931	E2open Parent Holdings, Inc.(a)		90
	3,738	EverCommerce, Inc.(a)		37
	846	Guidewire Software, Inc.(a)		76
	3,676	InterDigital, Inc.		294
	5,003	Jamf Holding Corp.(a)		88
	1,284	LiveRamp Holdings, Inc.(a)		37
	2,965	MeridianLink, Inc.(a)		51
	722	MicroStrategy, Inc.(a)		237
	6,215	Model N, Inc.(a)		152
	16,199	N-able, Inc.(a)		209
	55,831	NextNav, Inc.(a)		286
	647	PowerSchool Holdings, Inc.(a)		15
	674	Progress Software Corp.		35
	5,413	PROS Holdings, Inc.(a)		187
	868	PTC, Inc.(a)		123
	680	Qualys, Inc.(a)		104
	11,757	Riot Platforms, Inc.(a)		110
	3,998	Sapiens International Corp. N.V.		114
	311	Sprout Social, Inc., Class - A(a)		16
	831	SPS Commerce, Inc.(a)		142
	781	Tenable Holdings, Inc.(a)		35
	979	Verint Systems, Inc.(a)		23
	11,841	Veritone, Inc.(a)		31
	18,867	Weave Communications, Inc.(a)		154
	1,438	Workiva, Inc.(a)		146
	21,286	Zeta Global Holdings Corp., Class - A(a)		178
				3,777
		Specialized REITs — 0.24%
	681	Farmland Partners, Inc.		7
	2,615	Four Corners Property Trust, Inc.		58
	1,574	National Storage Affiliates Trust		50
	1,185	PotlatchDeltic Corp.		54
				169
		Specialty Retail — 2.44%
	1,447	American Eagle Outfitters, Inc.		24
	520	Asbury Automotive Group, Inc.(a)		120
	3,328	Boot Barn Holdings, Inc.(a)		270
	790	Camping World Holdings, Inc., Class - A		16
	1,779	Floor & Decor Holdings, Inc., Class - A(a)		161
	1,806	Genesco, Inc.(a)		56
	72	Group 1 Automotive, Inc.		19
	16,672	GrowGeneration Corp., Class - C(a)		49
	1,362	Guess?, Inc.		29
	607	Lands' End, Inc.(a)		5
	334	Lithia Motors, Inc.		99
	324	Murphy USA, Inc.		111
	53	Penske Automotive Group, Inc.		9

HC CAPITAL TRUST

The Small Capitalization-Mid Capitalization Equity Portfolio

Portfolio of Investments (concluded) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Specialty Retail (continued)
	231	Restoration Hardware Co.(a)	$	61
	2,610	RumbleON, Inc., Class - B(a)		16
	708	Shoe Carnival, Inc.		17
	158	Signet Jewelers Ltd.		11
	845	Sonic Automotive, Inc., Class - A		40
	16,684	Sportsman's Warehouse Holdings, Inc.(a)		75
	468	The Aaron's Co., Inc.		5
	5,179	The Buckle, Inc.		173
	4,209	The Cato Corp., Class - A		32
	1,633	The ODP Corp.(a)		75
	10,683	Tile Shop Holdings, Inc.(a)		59
	5,911	Upbound Group, Inc.		174
	1,101	Warby Parker, Inc., Class - A(a)		14
				1,720
		Technology Hardware, Storage & Peripherals — 0.54%
	1,912	Avid Technology, Inc.(a)		51
	12,109	Intevac, Inc.(a)		38
	613	Super Micro Computer, Inc.(a)		168
	13,554	Turtle Beach Corp.(a)		123
				380
		Textiles, Apparel & Luxury Goods — 0.70%
	47	Columbia Sportswear Co.		3
	1,065	Crocs, Inc.(a)		94
	47,323	Fossil Group, Inc.(a)		97
	792	G-III Apparel Group Ltd.(a)		20
	2,897	Kontoor Brands, Inc.		127
	1,475	Oxford Industries, Inc.		143
	412	Steven Madden Ltd.		13
				497
		Tobacco — 0.21%
	2,449	Universal Corp.		116
	2,760	Vector Group Ltd.		29
				145
		Trading Companies & Distributors — 1.98%
	63	Applied Industrial Technologies, Inc.		10
	5,077	Beacon Roofing Supply, Inc.(a)		391
	563	Boise Cascade Co.		58
	10,001	Custom Truck One Source, Inc.(a)		62
	200	DXP Enterprises, Inc.(a)		7
	192	GMS, Inc.(a)		12
	1,021	Herc Holdings, Inc.		121
	749	McGrath RentCorp		75
	22,107	MRC Global, Inc.(a)		227
	2,039	NOW, Inc.(a)		24
	2,367	Rush Enterprises, Inc., Class - A		97
	548	SiteOne Landscape Supply, Inc.(a)		90
	3,875	Textainer Group Holdings Ltd.		144
	295	Veritiv Corp.		50
	166	WESCO International, Inc.		24
				1,392
		Water Utilities — 0.72%
	161	American States Water Co.		13
	1,709	Cadiz, Inc.(a)		6
	1,134	California Water Service Group		54
	602	Global Water Resources, Inc.		6
	2,588	Middlesex Water Co.		171
	3,252	SJW Group		194

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Water Utilities (continued)
	1,752	The York Water Co.	$	66
				510
		Wireless Telecommunication Services — 0.33%
	4,510	Gogo, Inc.(a)		54
	2,631	Shenandoah Telecommunications Co.		54
	6,927	Telephone and Data Systems, Inc.		127
				235
		Total Common Stocks		69,935
		Contingent Rights — 0.09%
		Biotechnology — 0.00%
	1	Tobira Therapeutics, Inc. CVR, 12/31/18(a)(b)		–
		Health Care Equipment & Supplies — 0.00%
	56	ABIOMED, Inc. CVR, 01/02/26(a)		–
		Health Care Providers & Services — 0.00%
	5,589	Xeris BioPharma Hold CVR, 10/06/49(a)		1
		Metals & Mining — 0.09%
	108,208	Pan American Silver Corp. CVR, 12/31/49(a)		58
		Pharmaceuticals — 0.00%
	15,971	Paratek Pharmaceuticals, Inc. CVR, 01/01/26(a)		1
		Total Contingent Rights		60
		Investment Companies — 1.47%
	602,047	Federated Hermes Treasury Obligations Fund, Institutional Shares, 4.99%^^(c)		602
	437,328	State Street Institutional Treasury Plus Money Market Fund, Trust Class, 5.23%(c)		437
		Total Investment Companies		1,039
		Total Investments (cost $41,692) — 100.76%		71,034
		Liabilities in excess of other assets — (0.76)%		(533	)
		Net Assets - 100.00%	$	70,501
Amounts designated as "—" are $0 or have been rounded to $0.

^	All or part of this security was on loan as of September 30, 2023.
^^	Purchased with cash collateral held from securities lending. The value of the collateral could include collateral held for securities that were sold on or before September 30, 2023.
(a)	Represents non-income producing security.
(b)	Security was valued using significant unobservable inputs as of September 30, 2023.
(c)	Annualized 7-day yield as of period-end.

ADR—American Depositary Receipt

REIT—Real Estate Investment Trust

As of June 30, 2023, 100% of the Portfolio’s net assets were managed by Parametric Portfolio Associates, LLC.

HC CAPITAL TRUST

The ESG Growth Portfolio

Portfolio of Investments — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks — 99.39%
		Australia — 1.98%
	693	Ampol Ltd. (Oil, Gas & Consumable Fuels)	$	15
	8,826	ANZ Group Holdings Ltd. (Banks)		145
	2,941	APA Group (Gas Utilities)		16
	1,807	Aristocrat Leisure Ltd. (Hotels, Restaurants & Leisure)		47
	485	ASX Ltd. (Capital Markets)		18
	4,501	Aurizon Holdings Ltd. (Ground Transportation)		10
	14,834	BHP Group Ltd. (Metals & Mining)		416
	1,230	BlueScope Steel Ltd. (Metals & Mining)		15
	4,202	Brambles Ltd. (Commercial Services & Supplies)		39
	201	Cochlear Ltd. (Health Care Equipment & Supplies)		33
	4,121	Coles Group Ltd. (Consumer Staples Distribution & Retail)		41
	4,931	Commonwealth Bank of Australia (Banks)		314
	1,781	Computershare Ltd. (Professional Services)		30
	1,412	CSL Ltd. (Biotechnology)		227
	2,615	Dexus (Diversified REITs)		12
	504	EBOS Group Ltd. (Health Care Providers & Services)		10
	4,675	Endeavour Group Ltd. (Consumer Staples Distribution & Retail)		16
	5,009	Fortescue Metals Group Ltd. (Metals & Mining)		67
	5,131	Goodman Group (Industrial REITs)		70
	478	IDP Education Ltd. (Diversified Consumer Services)		7
	2,118	IGO Ltd. (Metals & Mining)		17
	7,323	Insurance Australia Group Ltd. (Insurance)		27
	1,593	Lendlease Corp. Ltd. (Real Estate Management & Development)(b)		7
	1,092	Macquarie Group Ltd. (Capital Markets)		117
	7,667	Medibank Pvt. Ltd. (Insurance)		17
	567	Mineral Resources Ltd. (Metals & Mining)		24
	9,646	Mirvac Group (Diversified REITs)		13
	9,220	National Australia Bank Ltd. (Banks)		171
	2,685	Newcrest Mining Ltd. (Metals & Mining)		42
	3,549	Northern Star Resources Ltd. (Metals & Mining)		24
	1,407	Orica Ltd. (Chemicals)		14
	5,227	Origin Energy Ltd. (Electric Utilities)		29
	7,966	Pilbara Minerals Ltd. (Metals & Mining)		22
	2,446	Qantas Airways Ltd. (Passenger Airlines)(a)		8
	4,431	QBE Insurance Group Ltd. (Insurance)		44
	582	Ramsay Health Care Ltd. (Health Care Providers & Services)		19
	172	REA Group Ltd. (Interactive Media & Services)		17
	687	Reece Ltd. (Trading Companies & Distributors)		8
	1,061	Rio Tinto Ltd. (Metals & Mining)		77
	9,869	Santos Ltd. (Oil, Gas & Consumable Fuels)(b)		50
	19,287	Scentre Group (Retail REITs)		30
	923	SEEK Ltd. (Interactive Media & Services)		13
	1,187	Sonic Healthcare Ltd. (Health Care Providers & Services)		23
	14,614	South32 Ltd. (Metals & Mining)		32
	7,299	Stockland (Diversified REITs)		18
	3,312	Suncorp Group Ltd. (Insurance)		30
	13,370	Telstra Group Ltd. (Diversified Telecommunication Services)		33
	5,218	The GPT Group (Diversified REITs)		13
	7,602	The Lottery Corp. Ltd. (Hotels, Restaurants & Leisure)		23

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Australia (continued)
	9,510	Transurban Group (Transportation Infrastructure)	$	77
	2,004	Treasury Wine Estates Ltd. (Beverages)		16
	8,881	Vicinity Ltd. (Diversified REITs)(b)		10
	760	Washington H Soul Pattinson & Co. Ltd. (Oil, Gas & Consumable Fuels)		16
	3,447	Wesfarmers Ltd. (Broadline Retail)		117
	10,302	Westpac Banking Corp. (Banks)		139
	500	WiseTech Global Ltd. (Software)		21
	5,565	Woodside Energy Group Ltd. (Oil, Gas & Consumable Fuels)		129
	3,627	Woolworths Group Ltd. (Consumer Staples Distribution & Retail)		87
				3,122
		Austria — 0.05%
	1,031	Erste Group Bank AG (Banks)(b)		35
	383	OMV AG (Oil, Gas & Consumable Fuels)		18
	241	Verbund AG (Electric Utilities)		20
	246	voestalpine AG (Metals & Mining)		7
				80
		Belgium — 0.21%
	444	Ageas SA/N.V. (Insurance)		18
	2,573	Anheuser-Busch InBev SA/N.V. (Beverages)		143
	58	D’ieteren Group (Distributors)		10
	67	Elia Group SA/N.V. (Electric Utilities)(b)		7
	366	Groupe Bruxelles Lambert N.V. (Financial Services)		27
	752	KBC Group N.V. (Banks)		47
	31	Sofina SA (Financial Services)		6
	183	Solvay SA, Class – A (Chemicals)		20
	384	UCB SA (Pharmaceuticals)		31
	491	Umicore SA (Chemicals)(b)		12
	360	Warehouses De Pauw CVA (Industrial REITs)		9
				330
		Bermuda — 0.08%
	1,078	Arch Capital Group Ltd. (Insurance)(a)		86
	126	Everest Group Ltd. (Insurance)		47
				133
		Canada — 3.35%
	1,481	Agnico Eagle Mines Ltd. (Metals & Mining)		67
	400	Air Canada (Passenger Airlines)(a)(b)		6
	1,765	Algonquin Power & Utilities Corp. (Multi-Utilities)		10
	2,361	Alimentation Couche-Tard, Inc. (Consumer Staples Distribution & Retail)		120
	800	AltaGas Ltd. (Gas Utilities)		15
	1,804	ARC Resources Ltd. (Oil, Gas & Consumable Fuels)		29
	2,070	Bank of Montreal (Banks)		175
	5,246	Barrick Gold Corp. (Metals & Mining)		76
	200	BCE, Inc. (Diversified Telecommunication Services)		8
	1,043	Brookfield Asset Management Ltd., Class – A (Capital Markets)		35

HC CAPITAL TRUST

The ESG Growth Portfolio

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Canada (continued)
	4,169	Brookfield Corp. (Capital Markets)	$	130
	92	BRP, Inc. (Leisure Products)		7
	1,136	CAE, Inc. (Aerospace & Defense)(a)		27
	1,280	Cameco Corp. (Oil, Gas & Consumable Fuels)		51
	200	Canadian Apartment Properties REIT (Residential REITs)(b)		7
	2,659	Canadian Imperial Bank of Commerce (Banks)		103
	1,660	Canadian National Railway Co. (Ground Transportation)		180
	3,258	Canadian Natural Resources Ltd. (Oil, Gas & Consumable Fuels)		211
	2,726	Canadian Pacific Kansas City Ltd. (Ground Transportation)		203
	143	Canadian Tire Corp. Ltd., Class – A (Broadline Retail)		15
	300	Canadian Utilities Ltd., Class – A (Multi-Utilities)		6
	471	CCL Industries, Inc., Class – B (Containers & Packaging)(b)		20
	4,230	Cenovus Energy, Inc. (Oil, Gas & Consumable Fuels)		88
	624	CGI, Inc. (IT Services)(a)		62
	60	Constellation Software, Inc. (Software)		124
	844	Dollarama, Inc. (Broadline Retail)		58
	1,216	Element Fleet Management Corp. (Financial Services)(b)		17
	868	Emera, Inc. (Electric Utilities)		30
	400	Empire Co. Ltd., Class – A (Consumer Staples Distribution & Retail)		11
	6,188	Enbridge, Inc. (Oil, Gas & Consumable Fuels)		205
	1,756	First Quantum Minerals Ltd. (Metals & Mining)		41
	100	FirstService Corp. (Real Estate Management & Development)		15
	1,451	Fortis, Inc. (Electric Utilities)		55
	562	Franco-Nevada Corp. (Metals & Mining)		75
	195	George Weston Ltd. (Consumer Staples Distribution & Retail)		22
	500	Gildan Activewear, Inc. (Textiles, Apparel & Luxury Goods)		14
	817	Great-West Lifeco, Inc. (Insurance)		23
	1,006	Hydro One Ltd. (Electric Utilities)(b)		26
	300	iA Financial Corp., Inc. (Insurance)		19
	200	IGM Financial, Inc. (Capital Markets)		5
	622	Imperial Oil Ltd. (Oil, Gas & Consumable Fuels)		38
	501	Intact Financial Corp. (Insurance)(b)		73
	1,879	Ivanhoe Mines Ltd. (Metals & Mining)(a)		16
	600	Keyera Corp. (Oil, Gas & Consumable Fuels)		14
	4,230	Kinross Gold Corp. (Metals & Mining)		19
	474	Loblaw Cos. Ltd. (Consumer Staples Distribution & Retail)		40
	339	Lululemon Athletica, Inc. (Textiles, Apparel & Luxury Goods)(a)		131
	2,272	Lundin Mining Corp. (Metals & Mining)(b)		17
	821	Magna International, Inc. (Automobile Components)		44
	5,479	Manulife Financial Corp. (Insurance)		100
	713	Metro, Inc. (Consumer Staples Distribution & Retail)		37

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Canada (continued)
	972	National Bank of Canada (Banks)	$	65
	858	Northland Power, Inc. (Independent Power and Renewable Electricity Producers)		14
	1,476	Nutrien Ltd. (Chemicals)		91
	150	Nuvei Corp. (Financial Services)(b)		2
	200	Onex Corp. (Financial Services)		12
	700	Open Text Corp. (Software)(b)		25
	990	Pan American Silver Corp. (Metals & Mining)		14
	400	Parkland Corp. (Oil, Gas & Consumable Fuels)(b)		12
	1,854	Pembina Pipeline Corp. (Oil, Gas & Consumable Fuels)		56
	1,727	Power Corp. of Canada (Insurance)		44
	500	Quebecor, Inc., Class – B (Media)		11
	547	RB Global, Inc. (Commercial Services & Supplies)		34
	877	Restaurant Brands International, Inc. (Hotels, Restaurants & Leisure)		58
	300	RioCan Real Estate Investment Trust (Diversified REITs)(b)		4
	1,078	Rogers Communications, Inc., Class - B (Wireless Telecommunication Services)		41
	4,104	Royal Bank of Canada (Banks)		358
	691	Saputo, Inc. (Food Products)(b)		14
	3,509	Shopify, Inc., Class – A (IT Services)(a)		192
	339	Stantec, Inc. (Construction & Engineering)		22
	1,726	Sun Life Financial, Inc. (Insurance)		84
	3,924	Suncor Energy, Inc. (Oil, Gas & Consumable Fuels)		135
	3,016	TC Energy Corp. (Oil, Gas & Consumable Fuels)		104
	1,352	Teck Resources Ltd., Class – B (Metals & Mining)		58
	1,570	TELUS Corp. (Diversified Telecommunication Services)		26
	250	TFI International, Inc. (Ground Transportation)		32
	3,488	The Bank of Nova Scotia (Banks)		156
	271	The Descartes Systems Group, Inc. (Software)(a)		20
	5,430	The Toronto-Dominion Bank (Banks)		326
	459	Thomson Reuters Corp. (Professional Services)		56
	836	TMX Group Ltd. (Capital Markets)		18
	200	Toromont Industries Ltd. (Trading Companies & Distributors)		16
	945	Tourmaline Oil Corp. (Oil, Gas & Consumable Fuels)		48
	749	Waste Connections, Inc. (Commercial Services & Supplies)		101
	136	West Fraser Timber Co. Ltd. (Paper & Forest Products)		10
	1,343	Wheaton Precious Metals Corp. (Metals & Mining)		55
	367	WSP Global, Inc. (Construction & Engineering)		52
				5,286
		Cayman Islands — 0.01%
	7,600	Sands China Ltd. (Hotels, Restaurants & Leisure)(a)		23

HC CAPITAL TRUST

The ESG Growth Portfolio

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Chile — 0.01%
	1,322	Antofagasta PLC (Metals & Mining)	$	23
		Denmark — 0.90%
	8	A.P. Moller – Maersk A/S, Class – A (Marine Transportation)		14
	16	A.P. Moller – Maersk A/S, Class – B (Marine Transportation)		29
	296	Carlsberg A/S, Class – B (Beverages)		37
	263	Chr Hansen Holding A/S (Chemicals)(b)		16
	364	Coloplast A/S, Class – B (Health Care Equipment & Supplies)		39
	2,041	Danske Bank A/S (Banks)		47
	292	Demant A/S (Health Care Equipment & Supplies)(a)		12
	551	DSV A/S (Air Freight & Logistics)		104
	193	Genmab A/S (Biotechnology)(a)(b)		68
	9,685	Novo Nordisk A/S, Class – B (Pharmaceuticals)		883
	658	Novozymes A/S, B shares (Chemicals)		26
	568	Orsted A/S (Electric Utilities)(b)		31
	245	Pandora A/S (Textiles, Apparel & Luxury Goods)		25
	18	ROCKWOOL A/S, Class – B (Building Products)		4
	1,216	Tryg A/S (Insurance)(b)		22
	2,997	Vestas Wind Systems A/S (Electrical Equipment)(a)		64
				1,421
		Finland — 0.31%
	360	Elisa Oyj (Diversified Telecommunication Services)		17
	1,491	Fortum Oyj (Electric Utilities)		17
	684	Kesko Oyj, Class – B (Consumer Staples Distribution & Retail)		12
	1,007	Kone Oyj, Class – B (Machinery)		42
	2,057	Metso Oyj (Machinery)(b)		22
	1,268	Neste Oyj (Oil, Gas & Consumable Fuels)		43
	16,330	Nokia Oyj (Communications Equipment)		61
	9,631	Nordea Bank Abp (Banks)		105
	243	Orion Oyj, Class – B (Pharmaceuticals)		10
	1,387	Sampo Oyj, A Shares (Insurance)		60
	2,063	Stora Enso Oyj, Registered Shares (Paper & Forest Products)		26
	1,655	UPM-Kymmene Oyj (Paper & Forest Products)		57
	1,231	Wartsila Oyj Abp (Machinery)		14
				486
		France — 3.19%
	434	Accor SA (Hotels, Restaurants & Leisure)		15
	91	Aeroports de Paris (Transportation Infrastructure)		11
	1,541	Air Liquide SA (Chemicals)		260
	1,742	Airbus SE (Aerospace & Defense)		233
	834	Alstom SA (Machinery)		20
	152	Amundi SA (Capital Markets)(b)		9
	151	Arkema SA (Chemicals)		15
	5,434	AXA SA (Insurance)		161
	104	BioMerieux (Health Care Equipment & Supplies)		10
	3,078	BNP Paribas SA (Banks)		196
	566	Bouygues SA (Construction & Engineering)		20
	910	Bureau Veritas SA (Professional Services)(b)		23
	494	Capgemini SE (IT Services)		86

Shares		Security Description	Value (000)
		Common Stocks (continued)
		France (continued)
	1,803	Carrefour SA (Consumer Staples Distribution & Retail)(b)	$	31
	1,382	Cie de Saint-Gobain (Building Products)		83
	2,057	Cie Generale des Etablissements Michelin SCA (Automobile Components)		63
	124	Covivio SA (Diversified REITs)		5
	3,673	Credit Agricole SA (Banks)		45
	1,918	Danone SA (Food Products)		106
	1,989	Dassault Systemes SE (Software)		74
	755	Edenred (Financial Services)		47
	195	Eiffage SA (Construction & Engineering)(b)		19
	5,423	Engie SA (Multi-Utilities)		83
	856	EssilorLuxottica SA (Health Care Equipment & Supplies)		149
	78	Eurazeo SE (Financial Services)		5
	116	Gecina SA (Office REITs)(b)		12
	828	Getlink SE (Transportation Infrastructure)		13
	95	Hermes International SCA (Textiles, Apparel & Luxury Goods)		173
	127	Ipsen SA (Pharmaceuticals)		17
	225	Kering SA (Textiles, Apparel & Luxury Goods)		102
	568	Klepierre SA (Retail REITs)		14
	256	La Francaise des Jeux SAEM (Hotels, Restaurants & Leisure)		8
	787	Legrand SA (Electrical Equipment)		72
	704	L’Oreal SA (Personal Care Products)		292
	814	LVMH Moet Hennessy Louis Vuitton SE (Textiles, Apparel & Luxury Goods)		613
	5,633	Orange SA (Diversified Telecommunication Services)(b)		65
	603	Pernod Ricard SA (Beverages)		100
	689	Publicis Groupe SA (Media)		52
	49	Remy Cointreau SA (Beverages)		6
	593	Renault SA (Automobile Components)		24
	1,017	Safran SA (Aerospace & Defense)		159
	3,374	Sanofi (Pharmaceuticals)		362
	88	Sartorius Stedim Biotech (Life Sciences Tools & Services)		21
	1,606	Schneider Electric SE (Electrical Equipment)(b)		265
	55	SEB SA (Household Durables)		5
	2,177	Societe Generale SA (Banks)		53
	270	Sodexo SA (Hotels, Restaurants & Leisure)		28
	197	Teleperformance (Professional Services)		25
	316	Thales SA (Aerospace & Defense)		44
	6,625	TotalEnergies SE (Oil, Gas & Consumable Fuels)		435
	305	Unibail-Rodamco-Westfield (Retail REITs)(a)		15
	595	Valeo (Automobile Components)		10
	2,067	Veolia Environnement SA (Multi-Utilities)		60
	1,568	Vinci SA (Construction & Engineering)		173
	2,649	Vivendi SE (Media)		23
	71	Wendel SE (Financial Services)		6
	762	Worldline SA (Financial Services)(a)(b)		21
				5,037

HC CAPITAL TRUST

The ESG Growth Portfolio

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Germany — 2.22%
	482	adidas AG (Textiles, Apparel & Luxury Goods)	$	85
	1,185	Allianz SE, Registered Shares (Insurance)		282
	2,663	BASF SE (Chemicals)		121
	2,887	Bayer AG, Registered Shares (Pharmaceuticals)		139
	936	Bayerische Motoren Werke AG (Automobile Components)		95
	121	Bayerische Motoren Werke AG, Preference Shares (Automobiles)		11
	275	Bechtle AG (IT Services)		13
	306	Beiersdorf AG (Personal Care Products)		39
	478	Brenntag SE (Trading Companies & Distributors)		37
	99	Carl Zeiss Meditec AG, Class – BR (Health Care Equipment & Supplies)		9
	3,162	Commerzbank AG (Banks)		36
	363	Continental AG (Automobile Components)		26
	585	Covestro AG (Chemicals)(a)		31
	1,467	Daimler Truck Holding AG (Machinery)		51
	541	Delivery Hero SE (Hotels, Restaurants & Leisure)(a)(b)		15
	5,823	Deutsche Bank AG, Registered Shares (Capital Markets)		64
	559	Deutsche Boerse AG (Capital Markets)		97
	2,156	Deutsche Lufthansa AG, Registered Shares (Passenger Airlines)(a)(b)		17
	9,509	Deutsche Telekom AG (Diversified Telecommunication Services)(b)		199
	2,987	DHL Group (Air Freight & Logistics)		121
	340	Dr. Ing. H.c. F. Porsche AG, Preference Shares (Automobiles)(b)		32
	6,704	E.ON SE (Multi-Utilities)		79
	515	Evonik Industries AG (Chemicals)		9
	614	Fresenius Medical Care AG & Co. KgaA (Health Care Providers & Services)		26
	1,272	Fresenius SE & Co. KgaA (Health Care Providers & Services)		40
	419	GEA Group AG (Machinery)		15
	179	Hannover Rueck SE (Insurance)		39
	438	Heidelberg Materials AG (Construction Materials)		34
	459	HelloFresh SE (Consumer Staples Distribution & Retail)(a)		14
	263	Henkel AG & Co. KgaA (Household Products)		17
	564	Henkel AG & Co. KgaA, Preference Shares (Household Products)		40
	3,852	Infineon Technologies AG (Semiconductors & Semiconductor Equipment)(b)		128
	186	Knorr-Bremse AG (Machinery)		12
	193	LEG Immobilien SE (Real Estate Management & Development)(a)		13
	2,364	Mercedes-Benz Group AG (Automobile Components)		165
	384	Merck KgaA (Pharmaceuticals)		64
	166	MTU Aero Engines AG (Aerospace & Defense)		30
	408	Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen, Registered Shares (Insurance)		159
	126	Nemetschek SE (Software)		8
	330	Puma SE (Textiles, Apparel & Luxury Goods)(b)		20

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Germany (continued)
	20	Rational AG (Machinery)	$	13
	129	Rheinmetall AG (Aerospace & Defense)		33
	1,905	RWE AG (Independent Power and Renewable Electricity Producers)		71
	3,061	SAP SE (Software)		395
	80	Sartorius AG, Preference Shares (Life Sciences Tools & Services)		27
	221	Scout24 SE (Interactive Media & Services)(b)		15
	2,230	Siemens AG, Registered Shares (Industrial Conglomerates)		318
	1,573	Siemens Energy AG (Electrical Equipment)(a)(b)		20
	848	Siemens Healthineers AG (Health Care Equipment & Supplies)		43
	408	Symrise AG (Chemicals)(b)		39
	195	Talanx AG (Insurance)		12
	3,385	Telefonica Deutschland Holding AG (Diversified Telecommunication Services)		6
	2,200	Vonovia SE (Real Estate Management & Development)		53
	48	Wacker Chemie AG (Chemicals)		7
	708	Zalando SE (Specialty Retail)(a)(b)		16
				3,500
		Hong Kong — 0.66%
	34,200	AIA Group Ltd. (Insurance)		276
	11,500	BOC Hong Kong Holdings Ltd. (Banks)		31
	4,200	Budweiser Brewing Co. APAC Ltd. (Beverages)(b)		8
	6,500	CK Asset Holdings Ltd. (Real Estate Management & Development)		34
	8,500	CK Hutchison Holdings Ltd. (Industrial Conglomerates)		45
	1,500	CK Infrastructure Holdings Ltd. (Electric Utilities)		7
	5,000	CLP Holdings Ltd. (Electric Utilities)		37
	4,200	ESR Group Ltd. (Real Estate Management & Development)		6
	128	Futu Holdings Ltd., ADR (Capital Markets)(a)		7
	7,000	Galaxy Entertainment Group Ltd. (Hotels, Restaurants & Leisure)		42
	5,000	Hang Lung Properties Ltd. (Real Estate Management & Development)		7
	2,000	Hang Seng Bank Ltd. (Banks)		25
	4,000	Henderson Land Development Co. Ltd. (Real Estate Management & Development)		11
	11,000	HKT Trust & HKT Ltd. (Diversified Telecommunication Services)(b)		11
	35,665	Hong Kong & China Gas Co. Ltd. (Gas Utilities)		25
	3,549	Hong Kong Exchanges & Clearing Ltd. (Capital Markets)		131
	3,800	Hongkong Land Holdings Ltd. (Real Estate Management & Development)		14
	8,111	Link REIT (Retail REITs)		40
	4,000	MTR Corp. Ltd. (Ground Transportation)		16
	4,000	New World Development Co. Ltd. (Real Estate Management & Development)		8
	3,500	Power Assets Holdings Ltd. (Electric Utilities)		17
	8,158	Prudential PLC (Insurance)		88

HC CAPITAL TRUST

The ESG Growth Portfolio

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Hong Kong (continued)
	8,518	Sino Land Co. Ltd. (Real Estate Management & Development)	$	10
	4,500	Sun Hung Kai Properties Ltd. (Real Estate Management & Development)		48
	1,000	Swire Pacific Ltd., Class – A (Real Estate Management & Development)		7
	3,000	Swire Properties Ltd. (Real Estate Management & Development)		6
	4,000	Techtronic Industries Co. Ltd. (Machinery)		39
	31,450	WH Group Ltd. (Food Products)(b)		16
	6,000	Wharf Real Estate Investment Co. Ltd. (Real Estate Management & Development)		23
				1,035
		Ireland (Republic of) — 1.05%
	1,867	Accenture PLC, Class – A (IT Services)		574
	193	AerCap Holdings N.V. (Trading Companies & Distributors)(a)		12
	322	AerCap Holdings N.V. (Trading Companies & Distributors)(a)		20
	4,074	AIB Group PLC (Banks)		18
	234	Allegion PLC (Building Products)		24
	805	Aptiv PLC (Automobile Components)(a)		79
	3,225	Bank of Ireland Group PLC (Banks)		32
	2,168	CRH PLC (Construction Materials)		120
	276	DCC PLC (Industrial Conglomerates)(b)		15
	2,704	Experian PLC (Professional Services)		88
	520	Flutter Entertainment PLC (Hotels, Restaurants & Leisure)(a)		85
	1,311	James Hardie Industries PLC (Construction Materials)(a)		34
	487	Kerry Group PLC, Class – A (Food Products)(b)		41
	465	Kingspan Group PLC (Building Products)		35
	3,948	Medtronic PLC (Health Care Equipment & Supplies)		309
	840	Smurfit Kappa Group PLC (Containers & Packaging)(b)		28
	669	Trane Technologies PLC (Building Products)		136
				1,650
		Israel — 0.20%
	101	Azrieli Group Ltd. (Real Estate Management & Development)		5
	3,649	Bank Hapoalim BM (Banks)		33
	4,740	Bank Leumi Le-Israel BM (Banks)		39
	288	Check Point Software Technologies Ltd. (Software)(a)		38
	125	CyberArk Software Ltd. (Software)(a)		20
	84	Elbit Systems Ltd. (Aerospace & Defense)		17
	2,505	ICL Group Ltd. (Chemicals)		14
	1	Isracard Ltd. (Consumer Finance)		—
	4,694	Israel Discount Bank Ltd., Class – A (Banks)		25
	444	Mizrahi Tefahot Bank Ltd. (Banks)		16
	66	Monday.com Ltd. (Software)(a)		11
	181	Nice Ltd. (Software)(a)		31
	174	SolarEdge Technologies, Inc. (Semiconductors & Semiconductor Equipment)(a)		23
	3,391	Teva Pharmaceutical Industries Ltd., ADR (Pharmaceuticals)(a)		35
	136	Wix.com Ltd. (IT Services)(a)		12
				319

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Italy — 0.59%
	466	Amplifon SpA (Health Care Providers & Services)	$	14
	2,886	Assicurazioni Generali SpA (Insurance)		59
	1,427	Davide Campari-Milano N.V., Class – M (Beverages)		17
	54	DiaSorin SpA (Health Care Equipment & Supplies)		5
	23,895	Enel SpA (Electric Utilities)(b)		146
	6,796	Eni SpA (Oil, Gas & Consumable Fuels)		109
	366	Ferrari N.V. (Automobiles)		108
	1,831	FinecoBank Banca Fineco SpA (Banks)		22
	1,050	Infrastrutture Wireless Italiane SpA (Diversified Telecommunication Services)(b)		12
	47,333	Intesa Sanpaolo SpA (Banks)(b)		121
	1,412	Mediobanca Banca di Credito Finanziario SpA (Banks)		19
	614	Moncler SpA (Textiles, Apparel & Luxury Goods)		36
	2,061	Nexi SpA (Professional Services)(a)		13
	1,363	Poste Italiane SpA (Insurance)		14
	880	Prysmian SpA (Electrical Equipment)		35
	257	Recordati Industria Chimica e Farmaceutica SpA (Pharmaceuticals)		12
	5,318	Snam SpA (Gas Utilities)		25
	25,056	Telecom Italia SpA/Milano (Diversified Telecommunication Services)(a)		8
	4,220	Terna – Rete Elettrica Nazionale (Electric Utilities)		32
	5,373	UniCredit SpA (Banks)		128
				935
		Japan — 6.23%
	2,400	Advantest Corp. (Semiconductors & Semiconductor Equipment)(b)		67
	2,100	Aeon Co. Ltd. (Consumer Staples Distribution & Retail)		42
	500	AGC, Inc. (Building Products)		18
	400	Aisin Corp. (Automobile Components)		15
	1,400	Ajinomoto Co., Inc. (Food Products)		54
	300	ANA Holdings, Inc. (Passenger Airlines)(a)(b)		6
	1,500	Asahi Group Holdings Ltd. (Beverages)(b)		56
	500	Asahi Intecc Co. Ltd. (Health Care Equipment & Supplies)		9
	3,200	Asahi Kasei Corp. (Chemicals)		20
	5,500	Astellas Pharma, Inc. (Pharmaceuticals)		76
	300	Azbil Corp. (Electronic Equipment, Instruments & Components)		9
	500	BayCurrent Consulting, Inc. (Professional Services)		17
	1,700	Bridgestone Corp. (Automobile Components)		66
	800	Brother Industries Ltd. (Technology Hardware, Storage & Peripherals)		13
	3,000	Canon, Inc. (Technology Hardware, Storage & Peripherals)		72
	600	Capcom Co. Ltd. (Entertainment)		22
	2,000	Central Japan Railway Co. (Ground Transportation)		49
	1,600	Chubu Electric Power Co., Inc. (Electric Utilities)		20
	2,000	Chugai Pharmaceutical Co. Ltd. (Pharmaceuticals)		62

HC CAPITAL TRUST

The ESG Growth Portfolio

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Japan (continued)
	2,800	Concordia Financial Group Ltd. (Banks)	$	13
	1,100	CyberAgent, Inc. (Media)		6
	600	Dai Nippon Printing Co. Ltd. (Commercial Services & Supplies)		16
	1,000	Daifuku Co. Ltd. (Machinery)		19
	2,800	Dai-ichi Life Holdings, Inc. (Insurance)		58
	5,400	Daiichi Sankyo Co. Ltd. (Pharmaceuticals)		148
	800	Daikin Industries Ltd. (Building Products)		125
	200	Daito Trust Construction Co. Ltd. (Real Estate Management & Development)		21
	2,000	Daiwa House Industry Co. Ltd. (Real Estate Management & Development)		54
	5	Daiwa House REIT Investment Corp. (Diversified REITs)		9
	3,800	Daiwa Securities Group, Inc. (Capital Markets)		22
	5,200	Denso Corp. (Automobile Components)		83
	500	Dentsu Group, Inc. (Media)		15
	300	Disco Corp. (Semiconductors & Semiconductor Equipment)		55
	1,000	East Japan Railway Co. (Ground Transportation)		57
	800	Eisai Co. Ltd. (Pharmaceuticals)		44
	7,800	ENEOS Holdings, Inc. (Oil, Gas & Consumable Fuels)		31
	2,900	FANUC Corp. (Machinery)		75
	500	Fast Retailing Co. Ltd. (Specialty Retail)		109
	300	Fuji Electric Co. Ltd. (Electrical Equipment)		14
	1,100	FUJIFILM Holdings Corp. (Technology Hardware, Storage & Peripherals)		64
	500	Fujitsu Ltd. (IT Services)(b)		59
	15	GLP J-Reit (Industrial REITs)(b)		13
	100	GMO Payment Gateway, Inc. (Financial Services)		5
	600	Hakuhodo DY Holdings, Inc. (Media)		5
	500	Hamamatsu Photonics KK (Electronic Equipment, Instruments & Components)		21
	600	Hankyu Hanshin Holdings, Inc. (Ground Transportation)		20
	100	Hikari Tsushin, Inc. (Specialty Retail)		15
	100	Hirose Electric Co. Ltd. (Electronic Equipment, Instruments & Components)		12
	300	Hitachi Construction Machinery Co. Ltd. (Machinery)		9
	2,800	Hitachi Ltd. (Industrial Conglomerates)		174
	13,800	Honda Motor Co. Ltd. (Automobile Components)		155
	400	Hoshizaki Corp. (Machinery)		14
	1,100	Hoya Corp. (Health Care Equipment & Supplies)		113
	800	Hulic Co. Ltd. (Real Estate Management & Development)(b)		7
	300	Ibiden Co. Ltd. (Electronic Equipment, Instruments & Components)		16
	500	Idemitsu Kosan Co. Ltd. (Oil, Gas & Consumable Fuels)(b)		11
	400	Iida Group Holdings Co. Ltd. (Household Durables)		7
	3,000	Inpex Corp. (Oil, Gas & Consumable Fuels)		45
	1,500	Isuzu Motors Ltd. (Automobile Components)		19

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Japan (continued)
	3,500	ITOCHU Corp. (Trading Companies & Distributors)	$	126
	400	Japan Airlines Co. Ltd. (Passenger Airlines)(b)		8
	1,300	Japan Exchange Group, Inc. (Capital Markets)		24
	18	Japan Metropolitan Fund Invest (Retail REITs)		12
	4,400	Japan Post Bank Co. Ltd. (Banks)(b)		38
	6,600	Japan Post Holdings Co. Ltd. (Insurance)(b)		53
	500	Japan Post Insurance Co. Ltd. (Insurance)(b)		8
	3	Japan Real Estate Investment Corp. (Office REITs)		12
	1,600	JFE Holdings, Inc. (Metals & Mining)(b)		23
	500	JSR Corp. (Chemicals)		13
	1,100	Kajima Corp. (Construction & Engineering)		18
	1,400	Kao Corp. (Personal Care Products)		52
	500	Kawasaki Kisen Kaisha Ltd. (Marine Transportation)		17
	4,500	KDDI Corp. (Wireless Telecommunication Services)		138
	300	Keio Corp. (Ground Transportation)		10
	300	Keisei Electric Railway Co. Ltd. (Ground Transportation)		10
	600	Keyence Corp. (Electronic Equipment, Instruments & Components)		222
	400	Kikkoman Corp. (Food Products)		21
	700	Kintetsu Group Holdings Co. Ltd. (Ground Transportation)		20
	2,800	Kirin Holdings Co. Ltd. (Beverages)		39
	100	Kobayashi Pharmaceutical Co. Ltd. (Personal Care Products)		4
	300	Kobe Bussan Co. Ltd. (Consumer Staples Distribution & Retail)		7
	300	Koei Tecmo Holdings Co. Ltd. (Entertainment)		4
	500	Koito Manufacturing Co. Ltd. (Automobile Components)		8
	2,800	Komatsu Ltd. (Machinery)		76
	300	Konami Group Corp. (Entertainment)		16
	100	Kose Corp. (Personal Care Products)		7
	3,200	Kubota Corp. (Machinery)		47
	400	Kurita Water Industries Ltd. (Machinery)		14
	1,000	Kyocera Corp. (Electronic Equipment, Instruments & Components)		51
	700	Kyowa Kirin Co. Ltd. (Pharmaceuticals)		12
	700	Lixil Corp. (Building Products)		8
	700	Makita Corp. (Machinery)		17
	4,500	Marubeni Corp. (Trading Companies & Distributors)		70
	900	MatsukiyoCocokara & Co. (Consumer Staples Distribution & Retail)		16
	1,500	Mazda Motor Corp. (Automobile Components)		17
	200	McDonald’s Holdings Co. Japan Ltd. (Hotels, Restaurants & Leisure)		8
	600	MEIJI Holdings Co. Ltd. (Food Products)		15
	900	MINEBEA MITSUMI, Inc. (Machinery)		15
	700	MISUMI Group, Inc. (Machinery)		11
	3,200	Mitsubishi Chemical Group Corp. (Chemicals)		20
	3,300	Mitsubishi Corp. (Trading Companies & Distributors)		157

HC CAPITAL TRUST

The ESG Growth Portfolio

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Japan (continued)
	5,700	Mitsubishi Electric Corp. (Electrical Equipment)	$	70
	3,200	Mitsubishi Estate Co. Ltd. (Real Estate Management & Development)		42
	3,200	Mitsubishi HC Capital, Inc. (Financial Services)		21
	1,000	Mitsubishi Heavy Industries Ltd. (Machinery)		56
	33,400	Mitsubishi UFJ Financial Group, Inc. (Banks)		284
	3,900	Mitsui & Co. Ltd. (Trading Companies & Distributors)		141
	400	Mitsui Chemicals, Inc. (Chemicals)		10
	2,800	Mitsui Fudosan Co. Ltd. (Real Estate Management & Development)		62
	900	Mitsui O.S.K. Lines Ltd. (Marine Transportation)		25
	7,140	Mizuho Financial Group, Inc. (Banks)		121
	600	MonotaRO Co. Ltd. (Trading Companies & Distributors)		6
	1,300	MS&AD Insurance Group Holdings, Inc. (Insurance)		48
	5,100	Murata Manufacturing Co. Ltd. (Electronic Equipment, Instruments & Components)		93
	700	NEC Corp. (IT Services)		39
	1,200	Nexon Co. Ltd. (Entertainment)		21
	600	NGK Insulators Ltd. (Machinery)		8
	1,300	NIDEC Corp. (Electrical Equipment)		60
	3,100	Nintendo Co. Ltd. (Entertainment)		129
	4	Nippon Building Fund, Inc. (Diversified REITs)		16
	200	NIPPON EXPRESS HOLDINGS, INC. (Air Freight & Logistics)		10
	3,000	Nippon Paint Holdings Co. Ltd. (Chemicals)(b)		20
	5	Nippon Prologis REIT, Inc. (Industrial REITs)(b)		9
	600	Nippon Sanso Holdings Corp. (Chemicals)		14
	2,500	Nippon Steel Corp. (Metals & Mining)(b)		59
	89,600	Nippon Telegraph & Telephone Corp. (Diversified Telecommunication Services)		106
	1,500	Nippon Yusen KK (Marine Transportation)		39
	300	Nissan Chemical Corp. (Chemicals)		13
	7,400	Nissan Motor Co. Ltd. (Automobile Components)		33
	200	Nissin Foods Holdings Co. Ltd. (Food Products)(b)		17
	300	Nitori Holdings Co. Ltd. (Specialty Retail)		33
	500	Nitto Denko Corp. (Chemicals)		33
	8,500	Nomura Holdings, Inc. (Capital Markets)		34
	400	Nomura Real Estate Holdings, Inc. (Real Estate Management & Development)		10
	11	Nomura Real Estate Master Fund, Inc. (Diversified REITs)		12
	1,200	Nomura Research Institute Ltd. (IT Services)		31
	1,600	NTT Data Group Corp. (IT Services)		21
	1,500	Obayashi Corp. (Construction & Engineering)		13
	200	Obic Co. Ltd. (IT Services)		30
	1,200	Odakyu Electric Railway Co. Ltd. (Ground Transportation)		18

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Japan (continued)
	2,400	Oji Holdings Corp. (Paper & Forest Products)	$	10
	3,700	Olympus Corp. (Health Care Equipment & Supplies)		48
	500	Omron Corp. (Electronic Equipment, Instruments & Components)		22
	1,300	Ono Pharmaceutical Co. Ltd. (Pharmaceuticals)		25
	200	Open House Group Co. Ltd. (Household Durables)(b)		7
	100	Oracle Corp. Japan (Software)		7
	3,200	Oriental Land Co. Ltd. (Hotels, Restaurants & Leisure)		105
	3,600	ORIX Corp. (Financial Services)		67
	1,000	Osaka Gas Co. Ltd. (Gas Utilities)		16
	300	Otsuka Corp. (IT Services)		13
	1,200	Otsuka Holdings Co. Ltd. (Pharmaceuticals)		43
	1,000	Pan Pacific International Holdings Corp. (Broadline Retail)		21
	6,600	Panasonic Holdings Corp. (Household Durables)		75
	5,000	Persol Holdings Co. Ltd. (Professional Services)(b)		8
	5,500	Rakuten Group, Inc. (Broadline Retail)(b)		23
	4,300	Recruit Holdings Co. Ltd. (Professional Services)		132
	3,800	Renesas Electronics Corp. (Semiconductors & Semiconductor Equipment)(a)(b)		58
	6,500	Resona Holdings, Inc. (Banks)		36
	1,600	Ricoh Co. Ltd. (Technology Hardware, Storage & Peripherals)		14
	1,200	Rohm Co. Ltd. (Semiconductors & Semiconductor Equipment)		23
	600	SBI Holdings, Inc. (Capital Markets)		13
	300	SCSK Corp. (IT Services)		5
	700	Secom Co. Ltd. (Commercial Services & Supplies)		47
	600	Seiko Epson Corp. (Technology Hardware, Storage & Peripherals)		9
	1,000	Sekisui Chemical Co. Ltd. (Household Durables)		14
	2,000	Sekisui House Ltd. (Household Durables)		40
	2,300	Seven & i Holdings Co. Ltd. (Consumer Staples Distribution & Retail)		90
	800	SG Holdings Co. Ltd. (Air Freight & Logistics)		10
	500	Sharp Corp. (Household Durables)(b)		3
	800	Shimadzu Corp. (Electronic Equipment, Instruments & Components)		21
	200	Shimano, Inc. (Leisure Products)		27
	1,400	Shimizu Corp. (Construction & Engineering)		10
	5,400	Shin-Etsu Chemical Co. Ltd. (Chemicals)		157
	900	Shionogi & Co. Ltd. (Pharmaceuticals)		40
	1,200	Shiseido Co. Ltd. (Personal Care Products)		42
	1,000	Shizuoka Financial Group, Inc. (Banks)		8
	200	SMC Corp. (Machinery)		90
	8,600	SoftBank Corp. (Wireless Telecommunication Services)		97
	3,000	SoftBank Group Corp. (Wireless Telecommunication Services)		126
	800	Sompo Holdings, Inc. (Insurance)		34
	3,700	Sony Group Corp. (Household Durables)		304

HC CAPITAL TRUST

The ESG Growth Portfolio

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Japan (continued)
	200	Square Enix Holdings Co. Ltd. (Entertainment)	$	7
	2,000	Subaru Corp. (Automobile Components)		39
	800	SUMCO Corp. (Semiconductors & Semiconductor Equipment)(b)		10
	3,600	Sumitomo Chemical Co. Ltd. (Chemicals)		10
	2,900	Sumitomo Corp. (Trading Companies & Distributors)		58
	1,900	Sumitomo Electric Industries Ltd. (Automobile Components)		23
	600	Sumitomo Metal Mining Co. Ltd. (Metals & Mining)		18
	3,800	Sumitomo Mitsui Financial Group, Inc. (Banks)		187
	1,000	Sumitomo Mitsui Trust Holdings, Inc. (Banks)		38
	700	Sumitomo Realty & Development Co. Ltd. (Real Estate Management & Development)		18
	300	Suntory Beverage & Food Ltd. (Beverages)		9
	1,200	Suzuki Motor Corp. (Automobile Components)		48
	500	Sysmex Corp. (Health Care Equipment & Supplies)		24
	1,300	T&D Holdings, Inc. (Insurance)		21
	500	Taisei Corp. (Construction & Engineering)		18
	4,700	Takeda Pharmaceutical Co. Ltd. (Pharmaceuticals)		146
	1,200	TDK Corp. (Electronic Equipment, Instruments & Components)		44
	2,000	Terumo Corp. (Health Care Equipment & Supplies)		53
	1,200	The Chiba Bank Ltd. (Banks)		9
	2,300	The Kansai Electric Power Co., Inc. (Electric Utilities)		32
	800	TIS, Inc. (IT Services)		18
	500	Tobu Railway Co. Ltd. (Ground Transportation)		13
	300	Toho Co. Ltd. (Entertainment)		10
	5,300	Tokio Marine Holdings, Inc. (Insurance)		123
	1,400	Tokyo Electron Ltd. (Semiconductors & Semiconductor Equipment)		191
	1,000	Tokyo Gas Co. Ltd. (Gas Utilities)		23
	1,900	Tokyu Corp. (Ground Transportation)		22
	600	TOPPAN Holdings, Inc. (Commercial Services & Supplies)		14
	3,400	Toray Industries, Inc. (Chemicals)		18
	1,300	Toshiba Corp. (Industrial Conglomerates)(a)		40
	600	Tosoh Corp. (Chemicals)		8
	300	TOTO Ltd. (Building Products)		8
	400	Toyota Industries Corp. (Machinery)		31
	31,100	Toyota Motor Corp. (Automobile Components)		559
	700	Toyota Tsusho Corp. (Trading Companies & Distributors)		41
	400	Trend Micro, Inc. (Software)		15
	1,200	Unicharm Corp. (Household Products)		42
	500	USS Co. Ltd. (Specialty Retail)		8
	200	Welcia Holdings Co. Ltd. (Consumer Staples Distribution & Retail)		3
	700	West Japan Railway Co. (Ground Transportation)(b)		29
	800	Yakult Honsha Co. Ltd. (Food Products)		19
	300	Yamaha Corp. (Leisure Products)		8
	800	Yamaha Motor Co. Ltd. (Automobile Components)		21
	800	Yamato Holdings Co. Ltd. (Air Freight & Logistics)		13
	800	Yaskawa Electric Corp. (Machinery)		29

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Japan (continued)
	600	Yokogawa Electric Corp. (Electronic Equipment, Instruments & Components)	$	12
	6,700	Z Holdings Corp. (Interactive Media & Services)		19
	300	Zensho Holdings Co. Ltd. (Hotels, Restaurants & Leisure)		13
	300	ZOZO, Inc. (Specialty Retail)(b)		5
				9,829
		Luxembourg — 0.06%
	1,581	ArcelorMittal SA (Metals & Mining)		39
	422	Eurofins Scientific SE (Life Sciences Tools & Services)		24
	1,520	Tenaris SA (Energy Equipment & Services)		24
				87
		Netherlands — 1.39%
	1,034	ABN AMRO Bank N.V. (Banks)(b)		15
	64	Adyen N.V. (Professional Services)(a)(b)		47
	4,651	Aegon Ltd. (Insurance)		22
	461	Akzo Nobel N.V. (Chemicals)		33
	163	Argenx SE (Biotechnology)(a)		80
	137	ASM International N.V. (Semiconductors & Semiconductor Equipment)		57
	1,189	ASML Holding N.V. (Semiconductors & Semiconductor Equipment)(b)		699
	524	ASR Nederland N.V. (Insurance)		20
	225	BE Semiconductor Industries N.V. (Semiconductors & Semiconductor Equipment)		22
	214	Euronext N.V. (Capital Markets)		15
	337	EXOR N.V. (Financial Services)		30
	1,523	Ferrovial SE (Construction & Engineering)		47
	366	Heineken Holding N.V. (Beverages)		28
	877	Heineken N.V. (Beverages)		77
	178	IMCD N.V. (Trading Companies & Distributors)(b)		23
	10,643	ING Groep N.V. (Banks)		140
	425	JDE Peet’s N.V. (Food Products)(b)		12
	3,007	Koninklijke Ahold Delhaize N.V. (Consumer Staples Distribution & Retail)		91
	10,003	Koninklijke KPN N.V. (Diversified Telecommunication Services)		33
	2,755	Koninklijke Philips N.V. (Health Care Equipment & Supplies)(a)		55
	734	NN Group N.V. (Insurance)		24
	761	NXP Semiconductors N.V. (Semiconductors & Semiconductor Equipment)		151
	248	OCI N.V. (Chemicals)(b)		7
	4,561	Prosus N.V. (Broadline Retail)(a)(b)		134
	697	QIAGEN N.V. (Life Sciences Tools & Services)(a)		28
	276	Randstad N.V. (Professional Services)		15
	6,592	Stellantis N.V. (Automobile Components)		126
	2,441	Universal Music Group N.V. (Entertainment)		64
	751	Wolters Kluwer N.V. (Professional Services)		91
				2,186

HC CAPITAL TRUST

The ESG Growth Portfolio

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		New Zealand — 0.07%
	4,769	Auckland International Airport Ltd. (Transportation Infrastructure)	$	23
	1,455	Fisher & Paykel Healthcare Corp. Ltd. (Health Care Equipment & Supplies)		19
	1,764	Mercury NZ Ltd. (Electric Utilities)		6
	2,860	Meridian Energy Ltd. (Independent Power and Renewable Electricity Producers)		9
	5,100	Spark New Zealand Ltd. (Diversified Telecommunication Services)		15
	443	Xero Ltd. (Software)(a)		31
				103
		Norway — 0.20%
	1,377	Adevinta ASA (Interactive Media & Services)(a)		14
	1,069	Aker BP ASA (Oil, Gas & Consumable Fuels)		30
	3,016	DNB Bank ASA (Banks)		60
	2,721	Equinor ASA (Oil, Gas & Consumable Fuels)		88
	485	Gjensidige Forsikring ASA (Insurance)		7
	217	Kongsberg Gruppen ASA (Aerospace & Defense)		9
	1,453	Mowi ASA (Food Products)(b)		26
	3,388	Norsk Hydro ASA (Metals & Mining)		21
	1,866	Orkla ASA (Food Products)		14
	241	Salmar ASA (Food Products)		12
	1,828	Telenor ASA (Diversified Telecommunication Services)		21
	438	Yara International ASA (Chemicals)		17
				319
		Portugal — 0.05%
	9,123	EDP- Energias de Portugal SA (Electric Utilities)		38
	1,681	Galp Energia SGPS SA (Oil, Gas & Consumable Fuels)(b)		25
	752	Jeronimo Martins SGPS SA (Consumer Staples Distribution & Retail)(b)		17
				80
		Singapore — 0.37%
	8,441	CapitaLand Ascendas REIT (Industrial REITs)		17
	12,356	CapitaLand Integrated Commercial Trust (Retail REITs)		17
	6,700	CapitaLand Investment Ltd. (Real Estate Management & Development)		15
	1,000	City Developments Ltd. (Real Estate Management & Development)		5
	5,461	DBS Group Holdings Ltd. (Banks)		135
	15,700	Genting Singapore Ltd. (Hotels, Restaurants & Leisure)		10
	5,748	Grab Holdings Ltd. (Ground Transportation)(a)		20
	300	Jardine Cycle & Carriage Ltd. (Industrial Conglomerates)		7
	4,100	Keppel Corp. Ltd. (Industrial Conglomerates)		20
	6,014	Mapletree Logistics Trust (Industrial REITs)		7
	5,600	Mapletree Pan Asia Commercial Trust (Retail REITs)		6
	10,390	Oversea-Chinese Banking Corp. Ltd. (Banks)		97
	136,048	Seatrium Ltd. (Machinery)(a)		13
	2,700	Sembcorp Industries Ltd. (Multi-Utilities)		10

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Singapore (continued)
	4,400	Singapore Airlines Ltd. (Passenger Airlines)(b)	$	21
	3,300	Singapore Exchange Ltd. (Capital Markets)		23
	4,100	Singapore Technologies Engineering Ltd. (Aerospace & Defense)		12
	25,100	Singapore Telecommunications Ltd. (Diversified Telecommunication Services)		44
	3,800	United Overseas Bank Ltd. (Banks)		79
	1,000	UOL Group Ltd. (Real Estate Management & Development)		5
	5,000	Wilmar International Ltd. (Food Products)		14
				577
		Spain — 0.71%
	54	Acciona SA (Electric Utilities)		7
	680	ACS Actividades deConstruccion y Servicios SA (Construction & Engineering)		24
	231	Aena SME SA (Transportation Infrastructure)		35
	1,338	Amadeus IT Group SA (Professional Services)		81
	17,574	Banco Bilbao Vizcaya Argentaria SA (Banks)		142
	48,087	Banco Santander SA (Banks)(b)		183
	12,123	CaixaBank SA (Banks)		48
	1,686	Cellnex Telecom SA (Diversified Telecommunication Services)(b)		59
	262	Corp. ACCIONA Energias Renovables SA (Independent Power and Renewable Electricity Producers)		7
	712	EDP Renovaveis SA (Independent Power and Renewable Electricity Producers)		12
	585	Enagas SA (Gas Utilities)(b)		10
	802	Endesa SA (Electric Utilities)		16
	1,194	Grifols SA (Biotechnology)(a)		15
	18,129	Iberdrola SA (Electric Utilities)		203
	3,229	Industria de Diseno Textil SA (Specialty Retail)		120
	262	Naturgy Energy Group SA (Gas Utilities)		7
	1,081	Redeia Corp. SA (Electric Utilities)		17
	3,991	Repsol SA (Oil, Gas & Consumable Fuels)		66
	15,668	Telefonica SA (Diversified Telecommunication Services)		64
				1,116
		Sweden — 0.80%
	779	Alfa Laval AB (Machinery)		27
	3,086	Assa Abloy AB, Class–- B (Building Products)		67
	7,773	Atlas Copco AB, Class–- A (Machinery)		105
	4,700	Atlas Copco AB, Class–- B (Machinery)		55
	1,237	Beijer Ref AB (Trading Companies & Distributors)		13
	666	Boliden AB (Metals & Mining)		19
	2,092	Epiroc AB, Class–- A (Machinery)		40
	1,066	Epiroc AB, Class–- B (Machinery)		17
	1,104	EQT AB (Capital Markets)		22
	1,896	Essity AB, Class–- B (Household Products)		41
	546	Evolution AB (Hotels, Restaurants & Leisure)(b)		55
	1,608	Fastighets AB Balder, B shares (Real Estate Management & Development)(a)		7
	571	Getinge AB, B shares (Health Care Equipment & Supplies)		10

HC CAPITAL TRUST

The ESG Growth Portfolio

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Sweden (continued)
	2,002	H & M Hennes & Mauritz AB, Class–- B (Specialty Retail)	$	28
	6,182	Hexagon AB, Class–- B (Electronic Equipment, Instruments & Components)		53
	172	Holmen AB, B shares (Paper & Forest Products)		7
	854	Husqvarna AB, B shares (Machinery)		7
	282	Industrivarden AB, Class–- A (Financial Services)(b)		7
	451	Industrivarden AB, Class–- C (Financial Services)		12
	910	Indutrade AB (Machinery)		17
	321	Investment AB Latour, Class–- B (Industrial Conglomerates)		6
	5,230	Investor AB, Class–- B (Financial Services)		100
	169	L E Lundbergforetagen AB, Class–- B (Financial Services)		7
	580	Lifco AB, Class–- B (Industrial Conglomerates)		10
	4,601	Nibe Industrier AB, Class–- B (Building Products)		30
	316	Saab AB, Class–- B (Aerospace & Defense)		16
	678	Sagax AB, Class–- B (Real Estate Management & Development)		13
	3,271	Sandvik AB (Machinery)		60
	1,789	Securitas AB, Class–- B (Commercial Services & Supplies)		14
	4,874	Skandinaviska Enskilda Banken AB, Class–- A (Banks)		58
	933	Skanska AB, Class–- B (Construction & Engineering)		15
	888	SKF AB, B shares (Machinery)		15
	2,064	Svenska Cellulosa AB SCA, Class–- B (Paper & Forest Products)		28
	4,521	Svenska Handelsbanken AB, Class–- A (Banks)		40
	2,539	Swedbank AB, Class–- A (Banks)		47
	409	Swedish Orphan Biovitrum AB (Biotechnology)(a)		8
	1,442	Tele2 AB, B shares (Wireless Telecommunication Services)		11
	9,054	Telefonaktiebolaget LM Ericsson, Class–- B (Communications Equipment)		44
	6,801	Telia Co. AB (Diversified Telecommunication Services)(b)		14
	648	Volvo AB, Class–- A (Machinery)		13
	4,503	Volvo AB, Class–- B (Machinery)		93
	1,383	Volvo Car AB, Class–- B (Automobile Components)(a)		6
				1,257
		Switzerland — 3.15%
	4,722	ABB Ltd., Registered Shares (Electrical Equipment)		169
	513	Adecco Group AG (Professional Services)		21
	1,469	Alcon, Inc. (Health Care Equipment & Supplies)(b)		113
	75	Bachem Holding AG (Life Sciences Tools & Services)		6
	117	Baloise Holding AG, Registered Shares (Insurance)		17
	109	Banque Cantonale Vaudoise, Registered Shares (Banks)		11
	13	Barry Callebaut AG, Registered Shares (Food Products)(b)		21
	77	BKW AG (Electric Utilities)		14
	6	Chocoladefabriken Lindt & Spruengli AG, Class–- PC (Food Products)		67

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Switzerland (continued)
	1,242	Chubb Ltd. (Insurance)	$	259
	1,538	Cie Financiere Richemont SA, Registered Shares (Textiles, Apparel & Luxury Goods)		187
	541	Clariant AG, Registered Shares (Chemicals)		9
	683	Coca-Cola HBC AG (Beverages)		19
	596	DSM-Firmenich AG (Chemicals)		50
	214	Dufry AG, Registered Shares (Specialty Retail)(a)(b)		8
	23	EMS-Chemie Holding AG (Chemicals)		16
	475	Garmin Ltd. (Household Durables)		50
	107	Geberit AG, Registered Shares (Building Products)		53
	28	Givaudan SA, Registered Shares (Chemicals)		91
	31,673	Glencore PLC (Metals & Mining)(b)		180
	86	Helvetia Holding AG, Registered Shares (Insurance)		12
	1,549	Holcim AG (Construction Materials)(b)		99
	652	Julius Baer Group Ltd. (Capital Markets)		42
	163	Kuehne + Nagel International AG, Registered Shares (Marine Transportation)		46
	491	Logitech International SA, Registered Shares (Technology Hardware, Storage & Peripherals)		34
	218	Lonza Group AG, Registered Shares (Life Sciences Tools & Services)(b)		101
	7,883	Nestle SA, Registered Shares (Food Products)		892
	6,035	Novartis AG, Registered Shares (Pharmaceuticals)		617
	67	Partners Group Holding AG (Capital Markets)		75
	96	Roche Holding AG (Pharmaceuticals)		28
	2,069	Roche Holding AG (Pharmaceuticals)		565
	142	Schindler Holding AG (Machinery)		28
	50	Schindler Holding AG, Registered Shares (Machinery)		10
	461	SGS SA, Registered Shares (Professional Services)(b)		39
	945	SIG Group AG (Containers & Packaging)(b)		23
	432	Sika AG, Registered Shares (Chemicals)(b)		109
	139	Sonova Holding AG (Health Care Equipment & Supplies)(b)		33
	2,005	STMicroelectronics N.V. (Semiconductors & Semiconductor Equipment)		86
	338	Straumann Holding AG, Registered Shares (Health Care Equipment & Supplies)		43
	94	Swiss Life Holding AG (Insurance)		59
	190	Swiss Prime Site AG, Registered Shares (Real Estate Management & Development)		17
	889	Swiss Re AG (Insurance)		91
	79	Swisscom AG, Registered Shares (Diversified Telecommunication Services)		47
	164	Temenos AG, Registered Shares (Software)		11
	108	The Swatch Group AG (Textiles, Apparel & Luxury Goods)		5
	98	The Swatch Group AG (Textiles, Apparel & Luxury Goods)		25

HC CAPITAL TRUST

The ESG Growth Portfolio

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Switzerland (continued)
	9,650	UBS Group AG (Capital Markets)	$	238
	80	VAT Group AG (Machinery)		29
	443	Zurich Insurance Group AG (Insurance)		203
				4,968
		United Arab Emirates — 0.00%
	339	NMC Health PLC (Health Care Providers & Services)(a)(c)		—
		United Kingdom — 3.94%
	2,840	3i Group PLC (Capital Markets)		71
	5,849	abrdn PLC (Capital Markets)		11
	654	Admiral Group PLC (Insurance)		19
	978	Amcor PLC (Containers & Packaging)		9
	3,739	Amcor PLC (Containers & Packaging)		34
	3,854	Anglo American PLC (Metals & Mining)		106
	1,287	Ashtead Group PLC (Trading Companies & Distributors)		78
	902	Associated British Foods PLC (Food Products)		23
	4,557	AstraZeneca PLC (Pharmaceuticals)(b)		614
	2,623	Auto Trader Group PLC (Interactive Media & Services)(b)		20
	8,845	Aviva PLC (Insurance)		42
	8,941	BAE Systems PLC (Aerospace & Defense)		109
	46,181	Barclays PLC (Banks)(b)		89
	2,421	Barratt Developments PLC (Household Durables)(b)		13
	399	Berkeley Group Holdings PLC (Household Durables)		20
	51,789	BP PLC (Oil, Gas & Consumable Fuels)		334
	21,107	BT Group PLC (Diversified Telecommunication Services)		30
	987	Bunzl PLC (Trading Companies & Distributors)		35
	1,017	Burberry Group PLC (Textiles, Apparel & Luxury Goods)(b)		24
	17,106	Centrica PLC (Multi-Utilities)(b)		32
	861	Clarivate PLC (Professional Services)(a)		6
	3,046	CNH Industrial N.V. (Machinery)		37
	623	Coca-Cola Europacific Partners PLC (Beverages)		39
	5,133	Compass Group PLC (Hotels, Restaurants & Leisure)		125
	433	Croda International PLC (Chemicals)(b)		26
	6,559	Diageo PLC (Beverages)		242
	466	Endeavour Mining PLC (Metals & Mining)		9
	1,947	Entain PLC (Hotels, Restaurants & Leisure)(b)		22
	486	Ferguson PLC (Trading Companies & Distributors)		80
	113	Ferguson PLC (Trading Companies & Distributors)		19
	11,941	GSK PLC (Pharmaceuticals)		216
	16,291	Haleon PLC (Personal Care Products)(b)		68
	1,158	Halma PLC (Electronic Equipment, Instruments & Components)		27
	823	Hargreaves Lansdown PLC (Capital Markets)		8
	509	Hikma Pharmaceuticals PLC (Pharmaceuticals)(b)		13
	58,338	HSBC Holdings PLC (Banks)		456
	3,731	Informa PLC (Media)		34
	538	InterContinental Hotels Group PLC (Hotels, Restaurants & Leisure)		40
	498	Intertek Group PLC (Professional Services)		25

Shares		Security Description	Value (000)
		Common Stocks (continued)
		United Kingdom (continued)
	4,095	J Sainsbury PLC (Consumer Staples Distribution & Retail)	$	13
	6,250	JD Sports Fashion PLC (Specialty Retail)		11
	474	Johnson Matthey PLC (Chemicals)		9
	5,956	Kingfisher PLC (Specialty Retail)		16
	1,659	Land Securities Group PLC (Diversified REITs)		12
	18,863	Legal & General Group PLC (Insurance)		51
	718	Liberty Global PLC, Class – C (Diversified Telecommunication Services)(a)		13
	195,960	Lloyds Banking Group PLC (Banks)		105
	1,249	London Stock Exchange Group PLC (Capital Markets)(b)		125
	6,041	M&G PLC (Financial Services)		14
	4,007	Melrose Industries PLC (Aerospace & Defense)		23
	1,214	Mondi PLC (Paper & Forest Products)		20
	10,823	National Grid PLC (Multi-Utilities)		129
	16,954	NatWest Group PLC (Banks)(b)		48
	383	Next PLC (Broadline Retail)		34
	1,748	Ocado Group PLC (Consumer Staples Distribution & Retail)(a)(b)		13
	1,722	Pearson PLC (Diversified Consumer Services)		18
	488	Pentair PLC (Machinery)		32
	795	Persimmon PLC (Household Durables)		10
	2,089	Phoenix Group Holdings PLC (Insurance)		12
	2,107	Reckitt Benckiser Group PLC (Household Products)		149
	5,559	RELX PLC (Professional Services)		188
	7,480	Rentokil Initial PLC (Commercial Services & Supplies)		56
	3,347	Rio Tinto PLC (Metals & Mining)		210
	24,584	Rolls-Royce Holdings PLC (Aerospace & Defense)(a)		66
	1,911	Schroders PLC (Capital Markets)		9
	3,908	Segro PLC (Diversified REITs)		34
	626	Severn Trent PLC (Water Utilities)(b)		18
	19,752	Shell PLC (Oil, Gas & Consumable Fuels)		625
	2,631	Smith & Nephew PLC (Health Care Equipment & Supplies)		33
	939	Smiths Group PLC (Industrial Conglomerates)		18
	227	Spirax-Sarco Engineering PLC (Machinery)		26
	3,275	SSE PLC (Electric Utilities)		64
	1,736	St. James’s Place PLC (Capital Markets)		18
	7,078	Standard Chartered PLC (Banks)		65
	7,703	Taylor Wimpey PLC (Household Durables)(b)		11
	22,102	Tesco PLC (Consumer Staples Distribution & Retail)		71
	3,118	The Sage Group PLC (Software)		38
	7,377	Unilever PLC (Personal Care Products)		365
	2,365	United Utilities Group PLC (Water Utilities)		27
	69,908	Vodafone Group PLC (Wireless Telecommunication Services)		66
	669	Whitbread PLC (Hotels, Restaurants & Leisure)		28
	310	Willis Towers Watson PLC (Insurance)		65
	1,866	Wise PLC, Class – A (Professional Services)(a)		16
	3,407	WPP PLC (Media)		30
				6,209

HC CAPITAL TRUST

The ESG Growth Portfolio

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		United States — 67.50%
	1,634	3M Co. (Industrial Conglomerates)	$	153
	352	A.O. Smith Corp. (Building Products)		23
	5,112	Abbott Laboratories (Health Care Equipment & Supplies)		495
	5,225	AbbVie, Inc. (Biotechnology)		779
	2,331	Activision Blizzard, Inc. (Entertainment)		218
	1,349	Adobe, Inc. (Software)(a)		688
	4,763	Advanced Micro Devices, Inc. (Semiconductors & Semiconductor Equipment)(a)		490
	400	AECOM (Construction & Engineering)		33
	1,696	Aflac, Inc. (Insurance)		130
	864	Agilent Technologies, Inc. (Life Sciences Tools & Services)		97
	649	Air Products & Chemicals, Inc. (Chemicals)		184
	1,211	Airbnb, Inc., Class – A (Hotels, Restaurants & Leisure)(a)		166
	463	Akamai Technologies, Inc. (IT Services)(a)		49
	346	Albemarle Corp. (Chemicals)		59
	868	Albertsons Cos., Inc., Class – A (Consumer Staples Distribution & Retail)		20
	505	Alexandria Real Estate Equities, Inc. (Office REITs)		51
	214	Align Technology, Inc. (Health Care Equipment & Supplies)(a)		65
	800	Alliant Energy Corp. (Electric Utilities)		39
	662	Ally Financial, Inc. (Consumer Finance)		18
	364	Alnylam Pharmaceuticals, Inc. (Biotechnology)(a)		64
	17,620	Alphabet, Inc., Class – A (Interactive Media & Services)(a)		2,306
	15,615	Alphabet, Inc., Class – C (Interactive Media & Services)(a)		2,059
	27,307	Amazon.com, Inc. (Broadline Retail)(a)		3,472
	783	Ameren Corp. (Multi-Utilities)		59
	1,510	American Electric Power Co., Inc. (Electric Utilities)		114
	1,842	American Express Co. (Consumer Finance)		275
	987	American Homes 4 Rent, Class – A (Residential REITs)		33
	2,157	American International Group, Inc. (Insurance)		131
	1,368	American Tower Corp. (Specialized REITs)		225
	581	American Water Works Co., Inc. (Water Utilities)		72
	310	Ameriprise Financial, Inc. (Capital Markets)		102
	522	AmerisourceBergen Corp. (Health Care Providers & Services)		94
	662	AMETEK, Inc. (Electrical Equipment)		98
	1,577	Amgen, Inc. (Biotechnology)		424
	1,774	Amphenol Corp., Class – A (Electronic Equipment, Instruments & Components)		149
	1,472	Analog Devices, Inc. (Semiconductors & Semiconductor Equipment)		258
	1,546	Annaly Capital Management, Inc. (Mortgage Real Estate Investment Trusts)		29
	256	ANSYS, Inc. (Software)(a)		76
	608	Aon PLC, Class – A (Insurance)		197
	935	APA Corp. (Oil, Gas & Consumable Fuels)		38
	1,171	Apollo Global Management, Inc. (Financial Services)		105
	46,450	Apple, Inc. (Technology Hardware, Storage & Peripherals)		7,954

Shares		Security Description	Value (000)
		Common Stocks (continued)
		United States (continued)
	2,462	Applied Materials, Inc. (Semiconductors & Semiconductor Equipment)	$	341
	759	Aramark (Hotels, Restaurants & Leisure)		26
	1,604	Archer-Daniels-Midland Co. (Food Products)		121
	464	Ares Management Corp., Class – A (Capital Markets)		48
	793	Arista Networks, Inc. (Communications Equipment)(a)		146
	176	Arrow Electronics, Inc. (Electronic Equipment, Instruments & Components)(a)		22
	638	Arthur J. Gallagher & Co. (Insurance)		145
	95	Aspen Technology, Inc. (Software)(a)		19
	147	Assurant, Inc. (Insurance)		21
	21,426	AT&T, Inc. (Diversified Telecommunication Services)		322
	442	Atlassian Corp., Class – A (Software)(a)		89
	424	Atmos Energy Corp. (Gas Utilities)		45
	635	Autodesk, Inc. (Software)(a)		131
	1,212	Automatic Data Processing, Inc. (Professional Services)		292
	54	AutoZone, Inc. (Specialty Retail)(a)		137
	415	AvalonBay Communities, Inc. (Residential REITs)		71
	2,035	Avantor, Inc. (Life Sciences Tools & Services)(a)		43
	257	Avery Dennison Corp. (Containers & Packaging)		47
	204	Axon Enterprise, Inc. (Aerospace & Defense)(a)		41
	2,953	Baker Hughes Co. (Energy Equipment & Services)		104
	944	Ball Corp. (Containers & Packaging)		47
	21,034	Bank of America Corp. (Banks)		576
	680	Bath & Body Works, Inc. (Specialty Retail)		23
	1,504	Baxter International, Inc. (Health Care Equipment & Supplies)		57
	853	Becton Dickinson & Co. (Health Care Equipment & Supplies)		221
	684	Bentley Systems, Inc., Class – B (Software)		34
	3,815	Berkshire Hathaway, Inc., Class – B (Financial Services)(a)		1,336
	598	Best Buy Co., Inc. (Specialty Retail)		42
	289	BILL Holdings, Inc. (Software)(a)		31
	421	Biogen, Inc. (Biotechnology)(a)		108
	552	BioMarin Pharmaceutical, Inc. (Biotechnology)(a)		49
	68	Bio-Rad Laboratories, Inc., Class – A (Life Sciences Tools & Services)(a)		24
	466	Bio-Techne Corp. (Life Sciences Tools & Services)		32
	438	BlackRock, Inc. (Capital Markets)		283
	2,066	Blackstone, Inc. (Capital Markets)		221
	1,596	Block, Inc. (Financial Services)(a)		71
	110	Booking Holdings, Inc. (Hotels, Restaurants & Leisure)(a)		339
	389	Booz Allen Hamilton Holding Corp. (Professional Services)		43
	755	BorgWarner, Inc. (Automobile Components)		30
	473	Boston Properties, Inc. (Office REITs)		28
	4,322	Boston Scientific Corp. (Health Care Equipment & Supplies)(a)		228

HC CAPITAL TRUST

The ESG Growth Portfolio

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		United States (continued)
	6,271	Bristol-Myers Squibb Co. (Pharmaceuticals)	$	364
	1,218	Broadcom, Inc. (Semiconductors & Semiconductor Equipment)		1,012
	346	Broadridge Financial Solutions, Inc. (Professional Services)		62
	300	Brookfield Renewable Corp., Class – A (Independent Power and Renewable Electricity Producers)(b)		7
	703	Brown & Brown, Inc. (Insurance)		49
	900	Brown-Forman Corp., Class – B (Beverages)		52
	404	Builders FirstSource, Inc. (Building Products)(a)		50
	445	Bunge Ltd. (Food Products)		48
	197	Burlington Stores, Inc. (Specialty Retail)(a)		27
	349	C.H. Robinson Worldwide, Inc. (Air Freight & Logistics)		30
	798	Cadence Design Systems, Inc. (Software)(a)		187
	668	Caesars Entertainment, Inc. (Hotels, Restaurants & Leisure)(a)		31
	353	Camden Property Trust (Residential REITs)		33
	579	Campbell Soup Co. (Food Products)		24
	1,123	Capital One Financial Corp. (Consumer Finance)		109
	760	Cardinal Health, Inc. (Health Care Providers & Services)		66
	154	Carlisle Cos., Inc. (Building Products)		40
	472	CarMax, Inc. (Specialty Retail)(a)		33
	2,449	Carrier Global Corp. (Building Products)		135
	555	Catalent, Inc. (Pharmaceuticals)(a)		25
	1,530	Caterpillar, Inc. (Machinery)		418
	315	Cboe Global Markets, Inc. (Capital Markets)		49
	931	CBRE Group, Inc., Class – A (Real Estate Management & Development)(a)		69
	399	CDW Corp. (Electronic Equipment, Instruments & Components)		81
	280	Celanese Corp. (Chemicals)		35
	1,632	Centene Corp. (Health Care Providers & Services)(a)		112
	1,903	CenterPoint Energy, Inc. (Multi-Utilities)		51
	449	Ceridian HCM Holding, Inc. (Professional Services)(a)		30
	584	CF Industries Holdings, Inc. (Chemicals)		50
	156	Charles River Laboratories International, Inc. (Life Sciences Tools & Services)(a)		31
	288	Charter Communications, Inc., Class – A (Media)(a)		127
	708	Cheniere Energy, Inc. (Oil, Gas & Consumable Fuels)		118
	341	Chesapeake Energy Corp. (Oil, Gas & Consumable Fuels)		29
	5,378	Chevron Corp. (Oil, Gas & Consumable Fuels)		907
	524	Chewy, Inc., Class – A (Specialty Retail)(a)		10
	81	Chipotle Mexican Grill, Inc. (Hotels, Restaurants & Leisure)(a)		148
	709	Church & Dwight Co., Inc. (Household Products)		65
	464	Cincinnati Financial Corp. (Insurance)		47
	265	Cintas Corp. (Commercial Services & Supplies)		127
	12,086	Cisco Systems, Inc. (Communications Equipment)		650
	5,722	Citigroup, Inc. (Banks)		235

Shares		Security Description	Value (000)
		Common Stocks (continued)
		United States (continued)
	1,484	Citizens Financial Group, Inc. (Banks)	$	40
	1,794	Cleveland-Cliffs, Inc. (Metals & Mining)(a)		28
	805	Cloudflare, Inc., Class – A (IT Services)(a)		51
	1,082	CME Group, Inc. (Capital Markets)		217
	886	CMS Energy Corp. (Multi-Utilities)		47
	430	Cognex Corp. (Electronic Equipment, Instruments & Components)		18
	1,492	Cognizant Technology Solutions Corp., Class – A (IT Services)		101
	487	Coinbase Global, Inc., Class – A (Capital Markets)(a)		37
	2,393	Colgate-Palmolive Co. (Household Products)		170
	12,302	Comcast Corp., Class – A (Media)		545
	1,427	Conagra Brands, Inc. (Food Products)		39
	3,573	ConocoPhillips (Oil, Gas & Consumable Fuels)		428
	1,065	Consolidated Edison, Inc. (Multi-Utilities)		91
	483	Constellation Brands, Inc., Class – A (Beverages)		121
	1,001	Constellation Energy Corp. (Electric Utilities)		109
	2,502	Copart, Inc. (Commercial Services & Supplies)(a)		108
	2,365	Corning, Inc. (Electronic Equipment, Instruments & Components)		72
	2,104	Corteva, Inc. (Chemicals)		108
	1,194	CoStar Group, Inc. (Professional Services)(a)		92
	1,305	Costco Wholesale Corp. (Consumer Staples Distribution & Retail)		737
	2,250	Coterra Energy, Inc. (Oil, Gas & Consumable Fuels)		61
	657	Crowdstrike Holdings, Inc., Class – A (Software)(a)		110
	1,282	Crown Castle, Inc. (Specialized REITs)		118
	370	Crown Holdings, Inc. (Containers & Packaging)		33
	5,986	CSX Corp. (Ground Transportation)		184
	411	Cummins, Inc. (Machinery)		94
	3,861	CVS Health Corp. (Health Care Providers & Services)		270
	907	D.R. Horton, Inc. (Household Durables)		97
	2,076	Danaher Corp. (Life Sciences Tools & Services)		515
	363	Darden Restaurants, Inc. (Hotels, Restaurants & Leisure)		52
	481	Darling Ingredients, Inc. (Food Products)(a)		25
	736	Datadog, Inc., Class – A (Software)(a)		67
	173	DaVita, Inc. (Health Care Providers & Services)(a)		16
	79	Deckers Outdoor Corp. (Textiles, Apparel & Luxury Goods)(a)		41
	821	Deere & Co. (Machinery)		310
	755	Dell Technologies, Inc., Class – C (Technology Hardware, Storage & Peripherals)		52
	418	Delta Air Lines, Inc. (Passenger Airlines)		15
	561	DENTSPLY SIRONA, Inc. (Health Care Equipment & Supplies)		19
	1,934	Devon Energy Corp. (Oil, Gas & Consumable Fuels)		92
	1,133	Dexcom, Inc. (Health Care Equipment & Supplies)(a)		106

HC CAPITAL TRUST

The ESG Growth Portfolio

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		United States (continued)
	508	Diamondback Energy, Inc. (Oil, Gas & Consumable Fuels)	$	79
	185	Dick’s Sporting Goods, Inc. (Specialty Retail)		20
	855	Digital Realty Trust, Inc. (Specialized REITs)		103
	754	Discover Financial Services (Consumer Finance)		65
	612	DocuSign, Inc. (Software)(a)		26
	643	Dollar General Corp. (Consumer Staples Distribution & Retail)		68
	623	Dollar Tree, Inc. (Consumer Staples Distribution & Retail)(a)		66
	2,472	Dominion Energy, Inc. (Multi-Utilities)		110
	104	Domino’s Pizza, Inc. (Hotels, Restaurants & Leisure)		39
	759	DoorDash, Inc., Class – A (Hotels, Restaurants & Leisure)(a)		60
	411	Dover Corp. (Machinery)		57
	2,107	Dow, Inc. (Chemicals)		109
	1,255	DraftKings, Inc. (Hotels, Restaurants & Leisure)(a)		37
	766	Dropbox, Inc., Class – A (Software)(a)		21
	617	DTE Energy Co. (Multi-Utilities)		61
	2,254	Duke Energy Corp. (Electric Utilities)		199
	1,356	DuPont de Nemours, Inc. (Chemicals)		101
	772	Dynatrace, Inc. (Software)(a)		36
	394	Eastman Chemical Co. (Chemicals)		30
	1,176	Eaton Corp. PLC (Electrical Equipment)		251
	1,596	eBay, Inc. (Broadline Retail)		70
	751	Ecolab, Inc. (Chemicals)		127
	1,122	Edison International (Electric Utilities)		71
	1,771	Edwards Lifesciences Corp. (Health Care Equipment & Supplies)(a)		123
	779	Electronic Arts, Inc. (Entertainment)		94
	703	Elevance Health, Inc. (Health Care Providers & Services)		306
	2,393	Eli Lilly & Co. (Pharmaceuticals)		1,285
	1,667	Emerson Electric Co. (Electrical Equipment)		161
	403	Enphase Energy, Inc. (Semiconductors & Semiconductor Equipment)(a)		48
	440	Entegris, Inc. (Semiconductors & Semiconductor Equipment)		41
	638	Entergy Corp. (Electric Utilities)		59
	1,711	EOG Resources, Inc. (Oil, Gas & Consumable Fuels)		217
	171	EPAM Systems, Inc. (IT Services)(a)		44
	1,061	EQT Corp. (Oil, Gas & Consumable Fuels)		43
	359	Equifax, Inc. (Professional Services)		66
	280	Equinix, Inc. (Specialized REITs)		203
	940	Equitable Holdings, Inc. (Financial Services)		27
	554	Equity LifeStyle Properties, Inc. (Residential REITs)		35
	1,075	Equity Residential (Residential REITs)		63
	812	Essential Utilities, Inc. (Water Utilities)		28
	196	Essex Property Trust, Inc. (Residential REITs)		42
	385	Etsy, Inc. (Broadline Retail)(a)		25
	721	Evergy, Inc. (Electric Utilities)		37
	1,042	Eversource Energy (Electric Utilities)		61
	524	Exact Sciences Corp. (Biotechnology)(a)		36
	2,902	Exelon Corp. (Electric Utilities)		110

Shares		Security Description	Value (000)
		Common Stocks (continued)
		United States (continued)
	454	Expeditors International of Washington, Inc. (Air Freight & Logistics)	$	52
	624	Extra Space Storage, Inc. (Specialized REITs)		76
	11,941	Exxon Mobil Corp. (Oil, Gas & Consumable Fuels)		1,404
	153	F5, Inc. (Communications Equipment)(a)		25
	111	FactSet Research Systems, Inc. (Capital Markets)		49
	74	Fair Isaac Corp. (Software)(a)		64
	1,641	Fastenal Co. (Trading Companies & Distributors)		90
	699	FedEx Corp. (Air Freight & Logistics)		185
	676	Fidelity National Financial, Inc. (Insurance)		28
	1,759	Fidelity National Information Services, Inc. (Financial Services)		97
	2,086	Fifth Third Bancorp (Banks)		53
	32	First Citizens BancShares, Inc., Class – A (Banks)		44
	1,647	First Horizon Corp. (Banks)		18
	297	First Solar, Inc. (Semiconductors & Semiconductor Equipment)(a)		48
	1,607	FirstEnergy Corp. (Electric Utilities)		55
	1,818	Fiserv, Inc. (Financial Services)(a)		205
	208	FleetCor Technologies, Inc. (Financial Services)(a)		53
	331	FMC Corp. (Chemicals)		22
	11,513	Ford Motor Co. (Automobile Components)		143
	1,948	Fortinet, Inc. (Software)(a)		114
	1,031	Fortive Corp. (Machinery)		76
	336	Fortune Brands Innovations, Inc. (Building Products)		21
	1,024	Fox Corp., Class – A (Media)		32
	244	Fox Corp., Class – B (Media)		7
	748	Franklin Resources, Inc. (Capital Markets)		18
	4,226	Freeport-McMoRan, Inc. (Metals & Mining)		158
	233	Gartner, Inc. (IT Services)(a)		80
	1,196	GE HealthCare Technologies, Inc. (Health Care Equipment & Supplies)		81
	1,748	Gen Digital, Inc. (Software)		31
	195	Generac Holdings, Inc. (Electrical Equipment)(a)		21
	685	General Dynamics Corp. (Aerospace & Defense)		151
	3,242	General Electric Co. (Industrial Conglomerates)		358
	1,713	General Mills, Inc. (Food Products)		110
	4,105	General Motors Co. (Automobile Components)		135
	414	Genuine Parts Co. (Distributors)		60
	3,690	Gilead Sciences, Inc. (Biotechnology)		277
	778	Global Payments, Inc. (Financial Services)		90
	456	GoDaddy, Inc., Class – A (IT Services)(a)		34
	486	Graco, Inc. (Machinery)		35
	2,649	Halliburton Co. (Energy Equipment & Services)		107
	403	Hasbro, Inc. (Leisure Products)		27
	606	HCA Healthcare, Inc. (Health Care Providers & Services)		149
	1,518	Healthcare Realty Trust, Inc. (Health Care REITs)		23
	1,845	Healthpeak Properties, Inc. (Health Care REITs)		34
	133	HEICO Corp. (Aerospace & Defense)		22

HC CAPITAL TRUST

The ESG Growth Portfolio

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		United States (continued)
	225	HEICO Corp., Class – A (Aerospace & Defense)	$	29
	391	Henry Schein, Inc. (Health Care Providers & Services)(a)		29
	809	Hess Corp. (Oil, Gas & Consumable Fuels)		124
	3,805	Hewlett Packard Enterprise Co. (Technology Hardware, Storage & Peripherals)		66
	472	HF Sinclair Corp. (Oil, Gas & Consumable Fuels)		27
	789	Hilton Worldwide Holdings, Inc. (Hotels, Restaurants & Leisure)		118
	727	Hologic, Inc. (Health Care Equipment & Supplies)(a)		50
	1,945	Honeywell International, Inc. (Industrial Conglomerates)		359
	637	Horizon Therapeutics PLC (Biotechnology)(a)		74
	911	Hormel Foods Corp. (Food Products)		35
	2,156	Host Hotels & Resorts, Inc. (Hotel & Resort REITs)		35
	1,180	Howmet Aerospace, Inc. (Aerospace & Defense)		55
	2,600	HP, Inc. (Technology Hardware, Storage & Peripherals)		67
	155	Hubbell, Inc. (Electrical Equipment)		49
	139	HubSpot, Inc. (Software)(a)		68
	366	Humana, Inc. (Health Care Providers & Services)		178
	4,354	Huntington Bancshares, Inc. (Banks)		45
	122	Huntington Ingalls Industries, Inc. (Aerospace & Defense)		25
	114	Hyatt Hotels Corp., Class – A (Hotels, Restaurants & Leisure)		12
	222	IDEX Corp. (Machinery)		46
	242	IDEXX Laboratories, Inc. (Health Care Equipment & Supplies)(a)		106
	907	Illinois Tool Works, Inc. (Machinery)		209
	465	Illumina, Inc. (Life Sciences Tools & Services)(a)		64
	560	Incyte Corp. (Biotechnology)(a)		32
	1,189	Ingersoll Rand, Inc. (Machinery)		76
	205	Insulet Corp. (Health Care Equipment & Supplies)(a)		33
	12,383	Intel Corp. (Semiconductors & Semiconductor Equipment)		440
	1,703	Intercontinental Exchange, Inc. (Capital Markets)		187
	2,689	International Business Machines Corp. (IT Services)		377
	759	International Flavors & Fragrances, Inc. (Chemicals)		52
	1,039	International Paper Co. (Containers & Packaging)		37
	836	Intuit, Inc. (Software)		427
	1,049	Intuitive Surgical, Inc. (Health Care Equipment & Supplies)(a)		307
	902	Invesco Ltd. (Capital Markets)		13
	1,844	Invitation Homes, Inc. (Residential REITs)		58
	545	IQVIA Holdings, Inc. (Life Sciences Tools & Services)(a)		107
	858	Iron Mountain, Inc. (Specialized REITs)		51
	393	Jabil, Inc. (Electronic Equipment, Instruments & Components)		50

Shares		Security Description	Value (000)
		Common Stocks (continued)
		United States (continued)
	221	Jack Henry & Associates, Inc. (Professional Services)	$	33
	374	Jacobs Solutions, Inc. (Professional Services)		51
	152	Jazz Pharmaceuticals PLC (Pharmaceuticals)(a)		20
	43	Jazz Pharmaceuticals PLC (Pharmaceuticals)(a)		6
	246	JB Hunt Transport Services, Inc. (Ground Transportation)		46
	7,114	Johnson & Johnson (Pharmaceuticals)		1,108
	2,015	Johnson Controls International PLC (Building Products)		107
	8,620	JPMorgan Chase & Co. (Banks)		1,250
	967	Juniper Networks, Inc. (Communications Equipment)		27
	802	Kellogg Co. (Food Products)		48
	2,697	Keurig Dr. Pepper, Inc. (Beverages)		85
	2,950	KeyCorp (Banks)		32
	537	Keysight Technologies, Inc. (Electronic Equipment, Instruments & Components)(a)		71
	985	Kimberly-Clark Corp. (Household Products)		119
	2,069	Kimco Realty Corp. (Retail REITs)		36
	5,984	Kinder Morgan, Inc. (Oil, Gas & Consumable Fuels)		99
	1,781	KKR & Co., Inc. (Capital Markets)		110
	404	KLA Corp. (Semiconductors & Semiconductor Equipment)		185
	490	Knight-Swift Transportation Holdings, Inc. (Ground Transportation)		25
	561	L3Harris Technologies, Inc. (Aerospace & Defense)		98
	264	Laboratory Corp. of America Holdings (Health Care Providers & Services)		53
	394	Lam Research Corp. (Semiconductors & Semiconductor Equipment)		247
	429	Lamb Weston Holdings, Inc. (Food Products)		40
	1,025	Las Vegas Sands Corp. (Hotels, Restaurants & Leisure)		47
	403	Lattice Semiconductor Corp. (Semiconductors & Semiconductor Equipment)(a)		35
	199	Lear Corp. (Automobile Components)		27
	388	Leidos Holdings, Inc. (Professional Services)		36
	746	Lennar Corp., Class – A (Household Durables)		84
	100	Lennox International, Inc. (Building Products)		37
	1,449	Linde PLC (Chemicals)		540
	487	Live Nation Entertainment, Inc. (Entertainment)(a)		40
	802	LKQ Corp. (Distributors)		40
	674	Lockheed Martin Corp. (Aerospace & Defense)		276
	591	Loews Corp. (Insurance)		37
	1,742	Lowe’s Cos., Inc. (Specialty Retail)		362
	233	LPL Financial Holdings, Inc. (Capital Markets)		55
	2,807	Lucid Group, Inc. (Automobile Components)(a)		16
	779	LyondellBasell Industries N.V., Class – A (Chemicals)		74

HC CAPITAL TRUST

The ESG Growth Portfolio

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		United States (continued)
	503	M&T Bank Corp. (Banks)	$	64
	188	Manhattan Associates, Inc. (Software)(a)		37
	1,882	Marathon Oil Corp. (Oil, Gas & Consumable Fuels)		50
	1,251	Marathon Petroleum Corp. (Oil, Gas & Consumable Fuels)		189
	116	MarketAxess Holdings, Inc. (Capital Markets)		25
	772	Marriott International, Inc., Class – A (Hotels, Restaurants & Leisure)		152
	1,474	Marsh & McLennan Cos., Inc. (Insurance)		281
	180	Martin Marietta Materials, Inc. (Construction Materials)		74
	2,509	Marvell Technology, Inc. (Semiconductors & Semiconductor Equipment)		136
	619	Masco Corp. (Building Products)		33
	2,499	Mastercard, Inc., Class – A (Financial Services)		989
	844	Match Group, Inc. (Interactive Media & Services)(a)		33
	741	McCormick & Co., Inc./MD (Food Products)		56
	2,152	McDonald’s Corp. (Hotels, Restaurants & Leisure)		567
	408	McKesson Corp. (Health Care Providers & Services)		177
	7,485	Merck & Co., Inc. (Pharmaceuticals)		771
	1,937	MetLife, Inc. (Insurance)		122
	64	Mettler-Toledo International, Inc. (Life Sciences Tools & Services)(a)		71
	916	MGM Resorts International (Hotels, Restaurants & Leisure)		34
	1,594	Microchip Technology, Inc. (Semiconductors & Semiconductor Equipment)		124
	3,294	Micron Technology, Inc. (Semiconductors & Semiconductor Equipment)		224
	20,892	Microsoft Corp. (Software)		6,598
	373	Mid-America Apartment Communities, Inc. (Residential REITs)		48
	960	Moderna, Inc. (Biotechnology)(a)		99
	144	Mohawk Industries, Inc. (Household Durables)(a)		12
	171	Molina Healthcare, Inc. (Health Care Providers & Services)(a)		56
	568	Molson Coors Beverage Co., Class – B (Beverages)		36
	4,038	Mondelez International, Inc., Class – A (Food Products)		280
	206	MongoDB, Inc. (IT Services)(a)		71
	131	Monolithic Power Systems, Inc. (Semiconductors & Semiconductor Equipment)		61
	2,279	Monster Beverage Corp. (Beverages)(a)		121
	479	Moody’s Corp. (Capital Markets)		151
	3,666	Morgan Stanley (Capital Markets)		299
	504	Motorola Solutions, Inc. (Communications Equipment)		137
	1,014	Nasdaq, Inc. (Capital Markets)		49
	631	NetApp, Inc. (Technology Hardware, Storage & Peripherals)		48
	1,312	Netflix, Inc. (Entertainment)(a)		495
	289	Neurocrine Biosciences, Inc. (Biotechnology)(a)		33
	2,354	Newmont Corp. (Metals & Mining)		87

Shares		Security Description	Value (000)
		Common Stocks (continued)
		United States (continued)
	1,230	News Corp., Class – A (Media)	$	25
	5,916	NextEra Energy, Inc. (Electric Utilities)		339
	3,609	NIKE, Inc., Class – B (Textiles, Apparel & Luxury Goods)		345
	1,317	NiSource, Inc. (Multi-Utilities)		33
	154	Nordson Corp. (Machinery)		34
	669	Norfolk Southern Corp. (Ground Transportation)		132
	640	Northern Trust Corp. (Capital Markets)		44
	422	Northrop Grumman Corp. (Aerospace & Defense)		186
	739	Nucor Corp. (Metals & Mining)		116
	7,320	NVIDIA Corp. (Semiconductors & Semiconductor Equipment)		3,184
	10	NVR, Inc. (Household Durables)(a)		60
	1,974	Occidental Petroleum Corp. (Oil, Gas & Consumable Fuels)		128
	457	Okta, Inc. (IT Services)(a)		37
	288	Old Dominion Freight Line, Inc. (Ground Transportation)		118
	598	Omnicom Group, Inc. (Media)		45
	1,257	ON Semiconductor Corp. (Semiconductors & Semiconductor Equipment)(a)		117
	1,530	ONEOK, Inc. (Oil, Gas & Consumable Fuels)		97
	4,780	Oracle Corp. (Software)		506
	180	O’Reilly Automotive, Inc. (Specialty Retail)(a)		164
	1,202	Otis Worldwide Corp. (Machinery)		97
	730	Ovintiv, Inc. (Oil, Gas & Consumable Fuels)		35
	250	Owens Corning (Building Products)		34
	1,504	PACCAR, Inc. (Machinery)		128
	243	Packaging Corp. of America (Containers & Packaging)		37
	911	Palo Alto Networks, Inc. (Software)(a)		214
	1,520	Paramount Global, Class – B (Media)		20
	374	Parker-Hannifin Corp. (Machinery)		146
	954	Paychex, Inc. (Professional Services)		110
	162	Paycom Software, Inc. (Professional Services)		42
	128	Paylocity Holding Corp. (Professional Services)(a)		23
	3,128	PayPal Holdings, Inc. (Financial Services)(a)		183
	4,058	PepsiCo, Inc. (Beverages)		688
	16,612	Pfizer, Inc. (Pharmaceuticals)		551
	5,692	PG&E Corp. (Electric Utilities)(a)		92
	1,348	Phillips 66 (Oil, Gas & Consumable Fuels)		162
	683	Pioneer Natural Resources Co. (Oil, Gas & Consumable Fuels)		157
	117	Pool Corp. (Distributors)		42
	693	PPG Industries, Inc. (Chemicals)		90
	2,211	PPL Corp. (Electric Utilities)		52
	723	Principal Financial Group, Inc. (Insurance)		52
	2,700	Prologis, Inc. (Industrial REITs)		303
	1,093	Prudential Financial, Inc. (Insurance)		104
	337	PTC, Inc. (Software)(a)		48
	1,468	Public Service Enterprise Group, Inc. (Multi-Utilities)		84
	463	Public Storage (Specialized REITs)		122
	667	PulteGroup, Inc. (Household Durables)		49
	304	Qorvo, Inc. (Semiconductors & Semiconductor Equipment)(a)		29

HC CAPITAL TRUST

The ESG Growth Portfolio

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		United States (continued)
	3,328	QUALCOMM, Inc. (Semiconductors & Semiconductor Equipment)	$	370
	420	Quanta Services, Inc. (Construction & Engineering)		79
	329	Quest Diagnostics, Inc. (Health Care Providers & Services)		40
	609	Raymond James Financial, Inc. (Capital Markets)		61
	1,998	Realty Income Corp. (Retail REITs)		100
	563	Regency Centers Corp. (Retail REITs)		33
	319	Regeneron Pharmaceuticals, Inc. (Biotechnology)(a)		263
	2,806	Regions Financial Corp. (Banks)		48
	175	Reliance Steel & Aluminum Co. (Metals & Mining)		46
	158	Repligen Corp. (Life Sciences Tools & Services)(a)		25
	671	Republic Services, Inc. (Commercial Services & Supplies)		96
	430	ResMed, Inc. (Health Care Equipment & Supplies)		64
	374	Revvity, Inc. (Life Sciences Tools & Services)		41
	1,908	Rivian Automotive, Inc., Class – A (Automobile Components)(a)		46
	298	Robert Half International, Inc. (Professional Services)		22
	1,364	Robinhood Markets, Inc., Class – A (Capital Markets)(a)		13
	334	Rockwell Automation, Inc. (Electrical Equipment)		95
	369	Roku, Inc. (Entertainment)(a)		26
	918	Rollins, Inc. (Commercial Services & Supplies)		34
	311	Roper Technologies, Inc. (Software)		151
	1,011	Ross Stores, Inc. (Specialty Retail)		114
	677	Royal Caribbean Cruises Ltd. (Hotels, Restaurants & Leisure)(a)		62
	1,170	Royalty Pharma PLC, Class – A (Pharmaceuticals)		32
	384	RPM International, Inc. (Chemicals)		36
	4,280	RTX Corp. (Aerospace & Defense)		308
	979	S&P Global, Inc. (Capital Markets)		358
	2,880	Salesforce, Inc. (Software)(a)		584
	322	SBA Communications Corp. (Specialized REITs)		64
	4,276	Schlumberger N.V. (Energy Equipment & Services)		249
	567	Seagate Technology Holdings PLC (Technology Hardware, Storage & Peripherals)		37
	411	Seagen, Inc. (Biotechnology)(a)		87
	371	Sealed Air Corp. (Containers & Packaging)		12
	1,944	Sempra Energy (Multi-Utilities)		132
	377	Sensata Technologies Holding PLC (Electrical Equipment)		14
	597	ServiceNow, Inc. (Software)(a)		334
	978	Simon Property Group, Inc. (Retail REITs)		106
	2,495	Sirius XM Holdings, Inc. (Media)		11
	468	Skyworks Solutions, Inc. (Semiconductors & Semiconductor Equipment)		46
	3,340	Snap, Inc., Class – A (Interactive Media & Services)(a)		30
	153	Snap-on, Inc. (Machinery)		39

Shares		Security Description	Value (000)
		Common Stocks (continued)
		United States (continued)
	765	Snowflake, Inc., Class – A (IT Services)(a)	$	117
	410	Southwest Airlines Co. (Passenger Airlines)		11
	471	Splunk, Inc. (Software)(a)		69
	459	Stanley Black & Decker, Inc. (Machinery)		38
	3,360	Starbucks Corp. (Hotels, Restaurants & Leisure)		307
	1,005	State Street Corp. (Capital Markets)		67
	482	Steel Dynamics, Inc. (Metals & Mining)		52
	293	STERIS PLC (Health Care Equipment & Supplies)		64
	1,016	Stryker Corp. (Health Care Equipment & Supplies)		278
	387	Sun Communities, Inc. (Residential REITs)		46
	1,291	Synchrony Financial (Consumer Finance)		39
	446	Synopsys, Inc. (Software)(a)		205
	1,505	Sysco Corp. (Consumer Staples Distribution & Retail)		99
	671	T. Rowe Price Group, Inc. (Capital Markets)		70
	499	Take-Two Interactive Software, Inc. (Entertainment)(a)		70
	647	Targa Resources Corp. (Oil, Gas & Consumable Fuels)		55
	1,350	Target Corp. (Consumer Staples Distribution & Retail)		149
	919	TE Connectivity Ltd. (Electronic Equipment, Instruments & Components)		114
	142	Teledyne Technologies, Inc. (Electronic Equipment, Instruments & Components)(a)		58
	143	Teleflex, Inc. (Health Care Equipment & Supplies)		28
	456	Teradyne, Inc. (Semiconductors & Semiconductor Equipment)		46
	8,449	Tesla, Inc. (Automobile Components)(a)		2,114
	2,660	Texas Instruments, Inc. (Semiconductors & Semiconductor Equipment)		423
	18	Texas Pacific Land Corp. (Oil, Gas & Consumable Fuels)		33
	619	Textron, Inc. (Aerospace & Defense)		48
	2,030	The AES Corp. (Independent Power and Renewable Electricity Producers)		31
	779	The Allstate Corp. (Insurance)		87
	2,393	The Bank of New York Mellon Corp. (Capital Markets)		102
	1,699	The Boeing Co. (Aerospace & Defense)(a)		326
	677	The Carlyle Group, Inc. (Capital Markets)		20
	4,507	The Charles Schwab Corp. (Capital Markets)		247
	868	The Cigna Group (Health Care Providers & Services)		248
	362	The Clorox Co. (Household Products)		47
	12,223	The Coca-Cola Co. (Beverages)		684
	146	The Cooper Cos., Inc. (Health Care Equipment & Supplies)		46
	682	The Estee Lauder Cos., Inc. (Personal Care Products)		99
	976	The Goldman Sachs Group, Inc. (Capital Markets)		316
	929	The Hartford Financial Services Group, Inc. (Insurance)		66
	428	The Hershey Co. (Food Products)		86
	2,974	The Home Depot, Inc. (Specialty Retail)		899
	1,159	The Interpublic Group of Cos., Inc. (Media)		33

HC CAPITAL TRUST

The ESG Growth Portfolio

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		United States (continued)
	313	The J.M. Smucker Co. (Food Products)	$	38
	2,602	The Kraft Heinz Co. (Food Products)		88
	1,986	The Kroger Co. (Consumer Staples Distribution & Retail)		89
	996	The Mosaic Co. (Chemicals)		35
	1,163	The PNC Financial Services Group, Inc. (Banks)		143
	6,937	The Procter & Gamble Co. (Household Products)		1,012
	1,765	The Progressive Corp. (Insurance)		246
	717	The Sherwin-Williams Co. (Chemicals)		183
	3,181	The Southern Co. (Electric Utilities)		206
	3,381	The TJX Cos., Inc. (Specialty Retail)		301
	309	The Toro Co. (Machinery)		26
	669	The Travelers Cos., Inc. (Insurance)		109
	5,360	The Walt Disney Co. (Entertainment)(a)		434
	3,573	The Williams Cos., Inc. (Oil, Gas & Consumable Fuels)		120
	1,143	Thermo Fisher Scientific, Inc. (Life Sciences Tools & Services)		579
	1,614	T-Mobile US, Inc. (Wireless Telecommunication Services)		226
	927	Toast, Inc., Class – A (Financial Services)(a)		17
	326	Tractor Supply Co. (Specialty Retail)		66
	328	Tradeweb Markets, Inc., Class – A (Capital Markets)		26
	160	TransDigm Group, Inc. (Aerospace & Defense)(a)		135
	576	TransUnion (Professional Services)		41
	756	Trimble, Inc. (Electronic Equipment, Instruments & Components)(a)		41
	3,844	Truist Financial Corp. (Banks)		110
	557	Twilio, Inc., Class – A (IT Services)(a)		33
	126	Tyler Technologies, Inc. (Software)(a)		49
	861	Tyson Foods, Inc., Class – A (Food Products)		43
	4,519	U.S. Bancorp (Banks)		149
	5,438	Uber Technologies, Inc. (Ground Transportation)(a)		250
	1,007	UDR, Inc. (Residential REITs)		36
	303	U-Haul Holding Co. (Ground Transportation)		16
	1,134	UiPath, Inc., Class – A (Software)(a)		19
	148	Ulta Beauty, Inc. (Specialty Retail)(a)		59
	1,816	Union Pacific Corp. (Ground Transportation)		370
	2,155	United Parcel Service, Inc., Class – B (Air Freight & Logistics)		336
	203	United Rentals, Inc. (Trading Companies & Distributors)		90
	135	United Therapeutics Corp. (Biotechnology)(a)		30
	2,761	UnitedHealth Group, Inc. (Health Care Providers & Services)		1,392
	700	Unity Software, Inc. (Software)(a)		22
	797	V.F. Corp. (Textiles, Apparel & Luxury Goods)		14
	131	Vail Resorts, Inc. (Hotels, Restaurants & Leisure)		29
	1,077	Valero Energy Corp. (Oil, Gas & Consumable Fuels)		153
	427	Veeva Systems, Inc., Class – A (Health Care Technology)(a)		87

Shares		Security Description	Value (000)
		Common Stocks (continued)
		United States (continued)
	1,208	Ventas, Inc. (Health Care REITs)	$	51
	281	VeriSign, Inc. (IT Services)(a)		57
	422	Verisk Analytics, Inc. (Professional Services)		100
	12,503	Verizon Communications, Inc. (Diversified Telecommunication Services)		405
	760	Vertex Pharmaceuticals, Inc. (Biotechnology)(a)		264
	3,592	Viatris, Inc. (Pharmaceuticals)		35
	2,995	VICI Properties, Inc. (Specialized REITs)		87
	4,775	Visa, Inc., Class – A (Financial Services)		1,098
	1,037	Vistra Corp. (Independent Power and Renewable Electricity Producers)		34
	690	Vmware, Inc., Class – A (Software)(a)		115
	385	Vulcan Materials Co. (Construction Materials)		78
	639	W.R. Berkley Corp. (Insurance)		41
	131	W.W. Grainger, Inc. (Trading Companies & Distributors)		91
	2,219	Walgreens Boots Alliance, Inc. (Consumer Staples Distribution & Retail)		49
	4,379	Walmart, Inc. (Consumer Staples Distribution & Retail)		700
	6,856	Warner Bros. Discovery, Inc. (Entertainment)(a)		74
	1,208	Waste Management, Inc. (Commercial Services & Supplies)		184
	175	Waters Corp. (Life Sciences Tools & Services)(a)		48
	96	Watsco, Inc. (Trading Companies & Distributors)		36
	547	Webster Financial Corp. (Banks)		22
	940	WEC Energy Group, Inc. (Multi-Utilities)		76
	10,851	Wells Fargo & Co. (Banks)		443
	1,462	Welltower, Inc. (Health Care REITs)		120
	217	West Pharmaceutical Services, Inc. (Life Sciences Tools & Services)		81
	954	Western Digital Corp. (Technology Hardware, Storage & Peripherals)(a)		44
	536	Westinghouse Air Brake Technologies Corp. (Machinery)		57
	121	Westlake Corp. (Chemicals)		15
	868	Westrock Co. (Containers & Packaging)		31
	2,170	Weyerhaeuser Co. (Specialized REITs)		67
	180	Whirlpool Corp. (Household Durables)		24
	399	Wolfspeed, Inc. (Semiconductors & Semiconductor Equipment)(a)		15
	599	Workday, Inc., Class – A (Software)(a)		129
	681	WP Carey, Inc. (Diversified REITs)		37
	328	Wynn Resorts Ltd. (Hotels, Restaurants & Leisure)		30
	1,615	Xcel Energy, Inc. (Electric Utilities)		92
	704	Xylem, Inc. (Machinery)		64
	821	Yum! Brands, Inc. (Hotels, Restaurants & Leisure)		103
	151	Zebra Technologies Corp. (Electronic Equipment, Instruments & Components)(a)		36
	384	Zillow Group, Inc., Class – C (Real Estate Management & Development)(a)		18
	613	Zimmer Biomet Holdings, Inc. (Health Care Equipment & Supplies)		69
	1,351	Zoetis, Inc. (Pharmaceuticals)		235

HC CAPITAL TRUST

The ESG Growth Portfolio

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		United States (continued)
	710	Zoom Video Communications, Inc., Class – A (Software)(a)	$	50
	859	ZoomInfo Technologies, Inc. (Interactive Media & Services)(a)		14
	259	Zscaler, Inc. (Software)(a)		40
				106,421
		Uruguay — 0.11%
	136	MercadoLibre, Inc. (Broadline Retail)(a)		172
		Total Common Stocks		156,704
		Warrant — 0.00%
		Canada — 0.00%
	60	Constellation Software, Inc., 3/31/40 (Software)(a)(c)		—
		Total Warrant		—
		Investment Company — 0.29%
	451,966	State Street Institutional Treasury Plus Money Market Fund, Trust Class, 5.23%(d)		452
		Total Investment Company		452
		Total Investments (cost $122,479) — 99.68%		157,156
		Other assets in excess of liabilities — 0.32%		506
		Net Assets – 100.00%	$	157,662

Amounts designated as “—" are $0 or have been rounded to $0.

(a)	Represents non-income producing security.
(b)	Represents a security purchased under Rule 144A or Section 4(2) and is exempt from registration under the Securities Act of 1933, as amended, or is otherwise restricted to resale. Certain of these securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. These securities have been deemed liquid by the Specialist Manager.
(c)	Security was valued using significant unobservable inputs as of September 30, 2023.
(d)	Annualized 7-day yield as of period-end.

ADR—American Depositary Receipt

REIT—Real Estate Investment Trust

HC CAPITAL TRUST

The ESG Growth Portfolio

Portfolio of Investments (concluded) — September 30, 2023 (Unaudited)

The following table reflects the percentage of total net assets of the Portfolio attributable to each Specialist Manager as of September 30, 2023.

The ESG Growth Portfolio	Mellon Investments Corporation			Parametric Portfolio Associates, LLC			Total
Common Stocks		99.39	%		-			99.39	%
Warrant		0.00	%		-			0.00	%
Investment Company		0.01	%		0.28	%		0.29	%
Other Assets (Liabilities)		0.25	%		0.07	%		0.32	%
Total Net Assets		99.65	%		0.35	%		100.00	%

Amounts designated “s "—" indicate the Specialist Manager did not manage any holdings in that category. 

The following table reflects the open derivative positions held by the Portfolio as of September 30, 2023.

Futures Contracts Purchased*

Description		Number of Contracts		Expiration Date		Notional Amount (000)		Value and Unrealized Appreciation/ (Depreciation) (000)
MSCI EAFE Index Future			2		12/15/23	$	204	$	(7	)
						$	204	$	(7	)
	Total Unrealized Appreciation							$	—
	Total Unrealized Depreciation								(7	)
	Total Net Unrealized Appreciation/(Depreciation)							$	(7	)

* Cash has been pledged as collateral for futures contracts held by the Portfolio.

HC CAPITAL TRUST  

The Catholic SRI Growth Portfolio  

Portfolio of Investments — September 30, 2023 (Unaudited) 

Shares		Security Description	Value (000)
		Common Stocks — 99.63%
		Australia — 2.01%
	109	Ampol Ltd. (Oil, Gas & Consumable Fuels)	$	2
	1,657	ANZ Group Holdings Ltd. (Banks)		27
	503	APA Group (Gas Utilities)		3
	361	Aristocrat Leisure Ltd. (Hotels, Restaurants & Leisure)		9
	125	ASX Ltd. (Capital Markets)		5
	630	Aurizon Holdings Ltd. (Ground Transportation)		1
	2,826	BHP Group Ltd. (Metals & Mining)		80
	248	BlueScope Steel Ltd. (Metals & Mining)		3
	785	Brambles Ltd. (Commercial Services & Supplies)		7
	35	Cochlear Ltd. (Health Care Equipment & Supplies)		6
	780	Coles Group Ltd. (Consumer Staples Distribution & Retail)		8
	934	Commonwealth Bank of Australia (Banks)		61
	306	Computershare Ltd. (Professional Services)		5
	551	Dexus (Diversified REITs)		3
	102	EBOS Group Ltd. (Health Care Providers & Services)		2
	980	Endeavour Group Ltd. (Consumer Staples Distribution & Retail)		3
	982	Fortescue Metals Group Ltd. (Metals & Mining)		13
	976	Goodman Group (Industrial REITs)		13
	115	IDP Education Ltd. (Diversified Consumer Services)		2
	356	IGO Ltd. (Metals & Mining)		3
	1,294	Insurance Australia Group Ltd. (Insurance)		5
	364	Lendlease Corp. Ltd. (Real Estate Management & Development)(b)		2
	209	Macquarie Group Ltd. (Capital Markets)		22
	1,579	Medibank Pvt. Ltd. (Insurance)		3
	96	Mineral Resources Ltd. (Metals & Mining)		4
	2,016	Mirvac Group (Diversified REITs)		3
	1,788	National Australia Bank Ltd. (Banks)		33
	499	Newcrest Mining Ltd. (Metals & Mining)		8
	709	Northern Star Resources Ltd. (Metals & Mining)		5
	194	Orica Ltd. (Chemicals)		2
	902	Origin Energy Ltd. (Electric Utilities)		5
	1,631	Pilbara Minerals Ltd. (Metals & Mining)		4
	503	Qantas Airways Ltd. (Passenger Airlines)(a)		2
	889	QBE Insurance Group Ltd. (Insurance)		9
	29	REA Group Ltd. (Interactive Media & Services)		3
	114	Reece Ltd. (Trading Companies & Distributors)		1
	209	Rio Tinto Ltd. (Metals & Mining)		15
	1,699	Santos Ltd. (Oil, Gas & Consumable Fuels)(b)		9
	3,327	Scentre Group (Retail REITs)		5
	244	SEEK Ltd. (Interactive Media & Services)		3
	239	Sonic Healthcare Ltd. (Health Care Providers & Services)		5
	2,127	South32 Ltd. (Metals & Mining)		5
	1,290	Stockland (Diversified REITs)		3
	658	Suncorp Group Ltd. (Insurance)		6
	2,429	Telstra Group Ltd. (Diversified Telecommunication Services)		6
	912	The GPT Group (Diversified REITs)		2
	1,446	The Lottery Corp. Ltd. (Hotels, Restaurants & Leisure)		4
	1,743	Transurban Group (Transportation Infrastructure)		14
	413	Treasury Wine Estates Ltd. (Beverages)		3
	2,104	Vicinity Ltd. (Diversified REITs)(b)		2
	117	Washington H Soul Pattinson & Co. Ltd. (Oil, Gas & Consumable Fuels)		2

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Australia (continued)
	610	Wesfarmers Ltd. (Broadline Retail)	$	21
	1,998	Westpac Banking Corp. (Banks)		27
	84	WiseTech Global Ltd. (Software)		3
	1,080	Woodside Energy Group Ltd. (Oil, Gas & Consumable Fuels)		25
	685	Woolworths Group Ltd. (Consumer Staples Distribution & Retail)		16
				543
		Austria — 0.06%
	183	Erste Group Bank AG (Banks)(b)		5
	74	OMV AG (Oil, Gas & Consumable Fuels)		4
	47	Verbund AG (Electric Utilities)		4
	57	voestalpine AG (Metals & Mining)		2
				15
		Belgium — 0.24%
	91	Ageas SA/N.V. (Insurance)		4
	470	Anheuser-Busch InBev SA/N.V. (Beverages)		25
	16	D'ieteren Group (Distributors)		3
	17	Elia Group SA/N.V. (Electric Utilities)(b)		2
	51	Groupe Bruxelles Lambert N.V. (Financial Services)		4
	149	KBC Group N.V. (Banks)		9
	9	Sofina SA (Financial Services)		2
	39	Solvay SA, Cla–s – A (Chemicals)		4
	67	UCB SA (Pharmaceuticals)		5
	108	Umicore SA (Chemicals)(b)		3
	108	Warehouses De Pauw CVA (Industrial REITs)		3
				64
		Bermuda — 0.09%
	209	Arch Capital Group Ltd. (Insurance)(a)		17
	24	Everest Group Ltd. (Insurance)		9
				26
		Canada — 3.75%
	276	Agnico Eagle Mines Ltd. (Metals & Mining)		13
	100	Air Canada (Passenger Airlines)(a)(b)		1
	343	Algonquin Power & Utilities Corp. (Multi-Utilities)		2
	448	Alimentation Couche-Tard, Inc. (Consumer Staples Distribution & Retail)		23
	144	AltaGas Ltd. (Gas Utilities)		3
	353	ARC Resources Ltd. (Oil, Gas & Consumable Fuels)		6
	404	Bank of Montreal (Banks)		34
	997	Barrick Gold Corp. (Metals & Mining)		14
	1	BCE, Inc. (Diversified Telecommunication Services)		—
	196	Brookfield Asset Management Ltd., Cla–s – A (Capital Markets)		7
	783	Brookfield Corp. (Capital Markets)		24
	22	BRP, Inc. (Leisure Products)		2
	240	Cameco Corp. (Oil, Gas & Consumable Fuels)		10
	46	Canadian Apartment Properties REIT (Residential REITs)(b)		2

HC CAPITAL TRUST  

The Catholic SRI Growth Portfolio  

Portfolio of Investments (continued) — September 30, 2023 (Unaudited) 

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Canada (continued)
	515	Canadian Imperial Bank of Commerce (Banks)	$	20
	325	Canadian National Railway Co. (Ground Transportation)		35
	623	Canadian Natural Resources Ltd. (Oil, Gas & Consumable Fuels)		40
	515	Canadian Pacific Kansas City Ltd. (Ground Transportation)		38
	31	Canadian Tire Corp. Ltd., Class – A (Broadline Retail)		3
	110	Canadian Utilities Ltd., Class – A (Multi-Utilities)		2
	81	CCL Industries, Inc., Class – B (Containers & Packaging)(b)		3
	794	Cenovus Energy, Inc. (Oil, Gas & Consumable Fuels)		17
	114	CGI, Inc. (IT Services)(a)		11
	11	Constellation Software, Inc. (Software)		23
	162	Dollarama, Inc. (Broadline Retail)		11
	204	Element Fleet Management Corp. (Financial Services)(b)		3
	151	Emera, Inc. (Electric Utilities)		5
	85	Empire Co. Ltd., Class – A (Consumer Staples Distribution & Retail)		2
	1,209	Enbridge, Inc. (Oil, Gas & Consumable Fuels)		40
	12	Fairfax Financial Holdings Ltd. (Insurance)		10
	346	First Quantum Minerals Ltd. (Metals & Mining)		8
	20	FirstService Corp. (Real Estate Management & Development)		3
	277	Fortis, Inc. (Electric Utilities)		11
	114	Franco-Nevada Corp. (Metals & Mining)		15
	40	George Weston Ltd. (Consumer Staples Distribution & Retail)		4
	127	GFL Environmental, Inc. (Commercial Services & Supplies)		4
	97	Gildan Activewear, Inc. (Textiles, Apparel & Luxury Goods)		3
	157	Great-West Lifeco, Inc. (Insurance)		4
	166	Hydro One Ltd. (Electric Utilities)(b)		4
	53	iA Financial Corp., Inc. (Insurance)		3
	50	IGM Financial, Inc. (Capital Markets)		1
	120	Imperial Oil Ltd. (Oil, Gas & Consumable Fuels)		7
	100	Intact Financial Corp. (Insurance)(b)		15
	339	Ivanhoe Mines Ltd. (Metals & Mining)(a)		3
	121	Keyera Corp. (Oil, Gas & Consumable Fuels)		3
	776	Kinross Gold Corp. (Metals & Mining)		4
	87	Loblaw Cos. Ltd. (Consumer Staples Distribution & Retail)		7
	65	Lululemon Athletica, Inc. (Textiles, Apparel & Luxury Goods)(a)		25
	340	Lundin Mining Corp. (Metals & Mining)(b)		3
	150	Magna International, Inc. (Automobile Components)		8
	1,024	Manulife Financial Corp. (Insurance)		19
	127	Metro, Inc. (Consumer Staples Distribution & Retail)		7
	185	National Bank of Canada (Banks)		12
	158	Northland Power, Inc. (Independent Power and Renewable Electricity Producers)		3
	283	Nutrien Ltd. (Chemicals)		17

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Canada (continued)
	31	Nuvei Corp. (Financial Services)	$	—
	42	Onex Corp. (Financial Services)		2
	151	Open Text Corp. (Software)(b)		5
	198	Pan American Silver Corp. (Metals & Mining)		3
	80	Parkland Corp. (Oil, Gas & Consumable Fuels)(b)		2
	333	Pembina Pipeline Corp. (Oil, Gas & Consumable Fuels)		10
	328	Power Corp. of Canada (Insurance)		8
	78	Quebecor, Inc., Class – B (Media)		2
	100	RB Global, Inc. (Commercial Services & Supplies)		6
	169	Restaurant Brands International, Inc. (Hotels, Restaurants & Leisure)		11
	72	RioCan Real Estate Investment Trust (Diversified REITs)(b)		1
	185	Rogers Communications, Inc., Class – B (Wireless Telecommunication Services)		7
	789	Royal Bank of Canada (Banks)		70
	141	Saputo, Inc. (Food Products)(b)		3
	670	Shopify, Inc., Class - A (IT Services)(a)		37
	56	Stantec, Inc. (Construction & Engineering)		4
	328	Sun Life Financial, Inc. (Insurance)		16
	742	Suncor Energy, Inc. (Oil, Gas & Consumable Fuels)		26
	567	TC Energy Corp. (Oil, Gas & Consumable Fuels)		20
	258	Teck Resources Ltd., Class - B (Metals & Mining)		11
	184	TELUS Corp. (Diversified Telecommunication Services)		3
	43	TFI International, Inc. (Ground Transportation)		6
	679	The Bank of Nova Scotia (Banks)		30
	42	The Descartes Systems Group, Inc. (Software)(a)		3
	1,040	The Toronto-Dominion Bank (Banks)		63
	90	Thomson Reuters Corp. (Professional Services)		11
	140	TMX Group Ltd. (Capital Markets)		3
	47	Toromont Industries Ltd. (Trading Companies & Distributors)		4
	177	Tourmaline Oil Corp. (Oil, Gas & Consumable Fuels)		9
	145	Waste Connections, Inc. (Commercial Services & Supplies)		19
	37	West Fraser Timber Co. Ltd. (Paper & Forest Products)		3
	271	Wheaton Precious Metals Corp. (Metals & Mining)		11
	73	WSP Global, Inc. (Construction & Engineering)		10
				1,016
		Cayman Islands — 0.01%
	1,200	Sands China Ltd. (Hotels, Restaurants & Leisure)(a)		4
		Chile — 0.02%
	254	Antofagasta PLC (Metals & Mining)		4
		Denmark — 0.33%
	2	A.P. Moll–r - Maersk A/S, Cla–s - A (Marine Transportation)		4

HC CAPITAL TRUST  

The Catholic SRI Growth Portfolio  

Portfolio of Investments (continued) — September 30, 2023 (Unaudited) 

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Denmark (continued)
	2	A.P. Moll–r - Maersk A/S, Cla–s - B (Marine Transportation)	$	4
	54	Carlsberg A/S, Cla–s - B (Beverages)		7
	55	Chr Hansen Holding A/S (Chemicals)(b)		3
	80	Coloplast A/S, Class - B (Health Care Equipment & Supplies)		8
	370	Danske Bank A/S (Banks)		9
	51	Demant A/S (Health Care Equipment & Supplies)(a)		2
	103	DSV A/S (Air Freight & Logistics)		19
	130	Novozymes A/S, B shares (Chemicals)		5
	114	Orsted A/S (Electric Utilities)(b)		6
	50	Pandora A/S (Textiles, Apparel & Luxury Goods)		5
	5	ROCKWOOL A/S, Class - B (Building Products)		1
	192	Tryg A/S (Insurance)		4
	560	Vestas Wind Systems A/S (Electrical Equipment)(a)		12
				89
		Finland — 0.33%
	73	Elisa Oyj (Diversified Telecommunication Services)		3
	234	Fortum Oyj (Electric Utilities)		3
	138	Kesko Oyj, Class - B (Consumer Staples Distribution & Retail)		2
	202	Kone Oyj, Class - B (Machinery)		9
	372	Metso Oyj (Machinery)(b)		4
	249	Neste Oyj (Oil, Gas & Consumable Fuels)^		8
	3,035	Nokia Oyj (Communications Equipment)		11
	1,851	Nordea Bank Abp (Banks)		20
	271	Sampo Oyj, A Shares (Insurance)		12
	299	Stora Enso Oyj, Registered Shares (Paper & Forest Products)		4
	314	UPM-Kymmene Oyj (Paper & Forest Products)		11
	235	Wartsila Oyj Abp (Machinery)		3
				90
		France — 2.98%
	84	Accor SA (Hotels, Restaurants & Leisure)		3
	16	Aeroports de Paris (Transportation Infrastructure)		2
	298	Air Liquide SA (Chemicals)		50
	181	Alstom SA (Machinery)		4
	30	Amundi SA (Capital Markets)		2
	31	Arkema SA (Chemicals)		3
	1,029	AXA SA (Insurance)		31
	22	BioMerieux (Health Care Equipment & Supplies)		2
	591	BNP Paribas SA (Banks)		38
	481	Bollore SE (Entertainment)		3
	107	Bouygues SA (Construction & Engineering)		4
	163	Bureau Veritas SA (Professional Services)(b)		4
	90	Capgemini SE (IT Services)		16
	320	Carrefour SA (Consumer Staples Distribution & Retail)(b)		5
	257	Cie de Saint-Gobain (Building Products)		15
	387	Cie Generale des Etablissements Michelin SCA (Automobile Components)		12
	27	Covivio SA (Diversified REITs)		1
	642	Credit Agricole SA (Banks)		8
	365	Danone SA (Food Products)		20
	379	Dassault Systemes SE (Software)		14
	133	Edenred (Financial Services)		8

Shares		Security Description	Value (000)
		Common Stocks (continued)
		France (continued)
	43	Eiffage SA (Construction & Engineering)(b)	$	4
	1,038	Engie SA (Multi-Utilities)		16
	166	EssilorLuxottica SA (Health Care Equipment & Supplies)		29
	23	Eurazeo SE (Financial Services)		1
	23	Gecina SA (Office REITs)(b)		2
	218	Getlink SE (Transportation Infrastructure)		3
	18	Hermes International SCA (Textiles, Apparel & Luxury Goods)		33
	17	Ipsen SA (Pharmaceuticals)		2
	40	Kering SA (Textiles, Apparel & Luxury Goods)		18
	138	Klepierre SA (Retail REITs)		3
	59	La Francaise des Jeux SAEM (Hotels, Restaurants & Leisure)		2
	153	Legrand SA (Electrical Equipment)		14
	134	L’Oreal SA (Personal Care Products)		56
	155	LVMH Moet Hennessy Louis Vuitton SE (Textiles, Apparel & Luxury Goods)		118
	1,041	Orange SA (Diversified Telecommunication Services)(b)		12
	118	Pernod Ricard SA (Beverages)		20
	136	Publicis Groupe SA (Media)		10
	17	Remy Cointreau SA (Beverages)^		2
	99	Renault SA (Automobile Components)		4
	309	Schneider Electric SE (Electrical Equipment)(b)		51
	16	SEB SA (Household Durables)		1
	426	Societe Generale SA (Banks)		10
	54	Sodexo SA (Hotels, Restaurants & Leisure)		6
	35	Teleperformance (Professional Services)		4
	1,265	TotalEnergies SE (Oil, Gas & Consumable Fuels)		84
	66	Unibail-Rodamco-Westfield (Retail REITs)(a)		3
	119	Valeo (Automobile Components)		2
	376	Veolia Environnement SA (Multi-Utilities)		11
	299	Vinci SA (Construction & Engineering)		33
	387	Vivendi SE (Media)		3
	15	Wendel SE (Financial Services)		1
	148	Worldline SA (Financial Services)(a)		4
				807
		Germany — 2.02%
	90	adidas AG (Textiles, Apparel & Luxury Goods)		16
	225	Allianz SE, Registered Shares (Insurance)		54
	514	BASF SE (Chemicals)		23
	174	Bayerische Motoren Werke AG (Automobile Components)		18
	34	Bayerische Motoren Werke AG, Preference Shares (Automobiles)		3
	45	Bechtle AG (IT Services)		2
	81	Brenntag SE (Trading Companies & Distributors)		6
	23	Carl Zeiss Meditec AG, Class – BR (Health Care Equipment & Supplies)		2
	632	Commerzbank AG (Banks)		7
	57	Continental AG (Automobile Components)		4
	107	Covestro AG (Chemicals)(a)		6
	273	Daimler Truck Holding AG (Machinery)		9
	111	Delivery Hero SE (Hotels, Restaurants & Leisure)(a)		3

HC CAPITAL TRUST  

The Catholic SRI Growth Portfolio  

Portfolio of Investments (continued) — September 30, 2023 (Unaudited) 

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Germany (continued)
	1,061	Deutsche Bank AG, Registered Shares (Capital Markets)	$	12
	108	Deutsche Boerse AG (Capital Markets)		19
	304	Deutsche Lufthansa AG, Registered Shares (Passenger Airlines)(a)(b)		2
	1,827	Deutsche Telekom AG (Diversified Telecommunication Services)(b)		38
	540	DHL Group (Air Freight & Logistics)		22
	65	Dr. Ing. H.c. F. Porsche AG, Preference Shares (Automobiles)(b)		6
	1,218	E.ON SE (Multi-Utilities)		14
	105	Evonik Industries AG (Chemicals)		2
	108	Fresenius Medical Care AG & Co. KgaA (Health Care Providers & Services)		5
	61	GEA Group AG (Machinery)		2
	37	Hannover Rueck SE (Insurance)		8
	76	Heidelberg Materials AG (Construction Materials)		6
	88	HelloFresh SE (Consumer Staples Distribution & Retail)(a)		3
	70	Henkel AG & Co. KgaA (Household Products)		4
	75	Henkel AG & Co. KgaA, Preference Shares (Household Products)		5
	748	Infineon Technologies AG (Semiconductors & Semiconductor Equipment)(b)		25
	41	Knorr-Bremse AG (Machinery)		3
	41	LEG Immobilien SE (Real Estate Management & Development)(a)		3
	459	Mercedes-Benz Group AG (Automobile Components)		32
	34	MTU Aero Engines AG (Aerospace & Defense)		6
	76	Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen, Registered Shares (Insurance)		30
	35	Nemetschek SE (Software)		2
	79	Porsche Automobil Holding SE, Preference Shares (Automobile Components)		4
	61	Puma SE (Textiles, Apparel & Luxury Goods)(b)		4
	3	Rational AG (Machinery)		2
	366	RWE AG (Independent Power and Renewable Electricity Producers)		14
	580	SAP SE (Software)		75
	49	Scout24 SE (Interactive Media & Services)		3
	305	Siemens Energy AG (Electrical Equipment)(a)(b)		4
	81	Symrise AG (Chemicals)(b)		8
	30	Talanx AG (Insurance)		2
	627	Telefonica Deutschland Holding AG (Diversified Telecommunication Services)		1
	16	Volkswagen AG (Automobiles)		2
	117	Volkswagen AG, Preference Shares (Automobile Components)		13
	423	Vonovia SE (Real Estate Management & Development)		10
	10	Wacker Chemie AG (Chemicals)		1
	121	Zalando SE (Specialty Retail)(a)		3
				548
		Hong Kong — 0.76%
	6,492	AIA Group Ltd. (Insurance)		54
	2,000	BOC Hong Kong Holdings Ltd. (Banks)		5

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Hong Kong (continued)
	1,100	Budweiser Brewing Co. APAC Ltd. (Beverages)(b)	$	2
	1,000	CK Asset Holdings Ltd. (Real Estate Management & Development)		5
	1,500	CK Hutchison Holdings Ltd. (Industrial Conglomerates)		8
	500	CK Infrastructure Holdings Ltd. (Electric Utilities)		2
	1,000	CLP Holdings Ltd. (Electric Utilities)		7
	1,000	ESR Group Ltd. (Real Estate Management & Development)		1
	30	Futu Holdings Ltd., ADR (Capital Markets)(a)		2
	1,000	Galaxy Entertainment Group Ltd. (Hotels, Restaurants & Leisure)		6
	1,000	Hang Lung Properties Ltd. (Real Estate Management & Development)		1
	400	Hang Seng Bank Ltd. (Banks)		5
	1,000	Henderson Land Development Co. Ltd. (Real Estate Management & Development)		3
	2,000	HKT Trust & HKT Ltd. (Diversified Telecommunication Services)(b)		2
	5,985	Hong Kong & China Gas Co. Ltd. (Gas Utilities)		4
	723	Hong Kong Exchanges & Clearing Ltd. (Capital Markets)		28
	700	Hongkong Land Holdings Ltd. (Real Estate Management & Development)		2
	100	Jardine Matheson Holdings Ltd. (Industrial Conglomerates)		5
	1,566	Link REIT (Retail REITs)		8
	1,000	MTR Corp. Ltd. (Ground Transportation)		4
	1,250	New World Development Co. Ltd. (Real Estate Management & Development)		2
	779	Power Assets Holdings Ltd. (Electric Utilities)		4
	1,481	Prudential PLC (Insurance)		16
	2,129	Sino Land Co. Ltd. (Real Estate Management & Development)		2
	1,000	SITC International Holdings Co. Ltd. (Marine Transportation)		2
	1,000	Sun Hung Kai Properties Ltd. (Real Estate Management & Development)		11
	139	Swire Pacific Ltd., Class – A (Real Estate Management & Development)		1
	600	Swire Properties Ltd. (Real Estate Management & Development)		1
	757	Techtronic Industries Co. Ltd. (Machinery)		7
	4,728	WH Group Ltd. (Food Products)		2
	1,000	Wharf Real Estate Investment Co. Ltd. (Real Estate Management & Development)		4
	1,000	Xinyi Glass Holdings Ltd. (Building Products)		1
				207
		Ireland (Republic of) — 1.12%
	353	Accenture PLC, Class – A (IT Services)		109
	92	AerCap Holdings N.V. (Trading Companies & Distributors)(a)		6
	770	AIB Group PLC (Banks)		3
	50	Allegion PLC (Building Products)		5
	162	Aptiv PLC (Automobile Components)(a)		16
	599	Bank of Ireland Group PLC (Banks)		6
	421	CRH PLC (Construction Materials)		23

HC CAPITAL TRUST  

The Catholic SRI Growth Portfolio  

Portfolio of Investments (continued) — September 30, 2023 (Unaudited) 

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Ireland (Republic of) (continued)
	504	Experian PLC (Professional Services)	$	16
	100	Flutter Entertainment PLC (Hotels, Restaurants & Leisure)(a)		16
	259	James Hardie Industries PLC (Construction Materials)(a)		7
	83	Kingspan Group PLC (Building Products)		6
	747	Medtronic PLC (Health Care Equipment & Supplies)		60
	130	Smurfit Kappa Group PLC (Containers & Packaging)(b)		4
	130	Trane Technologies PLC (Building Products)		26
				303
		Israel — 0.19%
	16	Azrieli Group Ltd. (Real Estate Management & Development)		1
	672	Bank Hapoalim BM (Banks)		6
	842	Bank Leumi Le-Israel BM (Banks)		7
	56	Check Point Software Technologies Ltd. (Software)(a)		6
	23	CyberArk Software Ltd. (Software)(a)		4
	56	Global-e Online Ltd. (Broadline Retail)(a)		2
	362	ICL Group Ltd. (Chemicals)		2
	—	Isracard Ltd. (Consumer Finance)		—
	727	Israel Discount Bank Ltd., Class – A (Banks)		4
	97	Mizrahi Tefahot Bank Ltd. (Banks)		4
	13	Monday.com Ltd. (Software)(a)		2
	34	Nice Ltd. (Software)(a)		6
	33	SolarEdge Technologies, Inc. (Semiconductors & Semiconductor Equipment)(a)		4
	28	Wix.com Ltd. (IT Services)(a)		3
				51
		Italy — 0.67%
	62	Amplifon SpA (Health Care Providers & Services)		2
	615	Assicurazioni Generali SpA (Insurance)		13
	265	Davide Campari-Milano N.V., Class – M (Beverages)		3
	13	DiaSorin SpA (Health Care Equipment & Supplies)		1
	4,456	Enel SpA (Electric Utilities)(b)		28
	1,359	Eni SpA (Oil, Gas & Consumable Fuels)		22
	73	Ferrari N.V. (Automobiles)		22
	344	FinecoBank Banca Fineco SpA (Banks)		4
	208	Infrastrutture Wireless Italiane SpA (Diversified Telecommunication Services)(b)		2
	8,539	Intesa Sanpaolo SpA (Banks)(b)		22
	318	Mediobanca Banca di Credito Finanziario SpA (Banks)		4
	123	Moncler SpA (Textiles, Apparel & Luxury Goods)		7
	360	Nexi SpA (Professional Services)(a)		2
	367	Poste Italiane SpA (Insurance)		4
	133	Prysmian SpA (Electrical Equipment)		5
	49	Recordati Industria Chimica e Farmaceutica SpA (Pharmaceuticals)		2
	1,265	Snam SpA (Gas Utilities)		6
	4,827	Telecom Italia SpA/Milano (Diversified Telecommunication Services)(a)		2
	946	Terna – Rete Elettrica Nazionale (Electric Utilities)		7

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Italy (continued)
	1,054	UniCredit SpA (Banks)	$	25
				183
		Japan — 6.27%
	400	Advantest Corp. (Semiconductors & Semiconductor Equipment)(b)		11
	400	Aeon Co. Ltd. (Consumer Staples Distribution & Retail)		8
	100	AGC, Inc. (Building Products)		4
	100	Aisin Corp. (Automobile Components)		4
	100	ANA Holdings, Inc. (Passenger Airlines)(a)(b)		2
	100	Asahi Intecc Co. Ltd. (Health Care Equipment & Supplies)		2
	800	Asahi Kasei Corp. (Chemicals)		5
	100	Azbil Corp. (Electronic Equipment, Instruments & Components)		3
	300	Bandai Namco Holdings, Inc. (Leisure Products)		6
	100	BayCurrent Consulting, Inc. (Professional Services)		3
	333	Bridgestone Corp. (Automobile Components)		13
	100	Brother Industries Ltd. (Technology Hardware, Storage & Peripherals)		2
	600	Canon, Inc. (Technology Hardware, Storage & Peripherals)		14
	100	Capcom Co. Ltd. (Entertainment)		4
	500	Central Japan Railway Co. (Ground Transportation)		12
	400	Chubu Electric Power Co., Inc. (Electric Utilities)		5
	700	Concordia Financial Group Ltd. (Banks)		3
	300	CyberAgent, Inc. (Media)		2
	100	Dai Nippon Printing Co. Ltd. (Commercial Services & Supplies)		3
	190	Daifuku Co. Ltd. (Machinery)		4
	586	Dai-ichi Life Holdings, Inc. (Insurance)		12
	120	Daikin Industries Ltd. (Building Products)		19
	300	Daiwa House Industry Co. Ltd. (Real Estate Management & Development)		8
	1	Daiwa House REIT Investment Corp. (Diversified REITs)		2
	900	Daiwa Securities Group, Inc. (Capital Markets)		5
	1,024	Denso Corp. (Automobile Components)		16
	100	Dentsu Group, Inc. (Media)		3
	5	Disco Corp. (Semiconductors & Semiconductor Equipment)		1
	200	East Japan Railway Co. (Ground Transportation)		11
	1,700	ENEOS Holdings, Inc. (Oil, Gas & Consumable Fuels)		7
	545	FANUC Corp. (Machinery)		14
	100	Fast Retailing Co. Ltd. (Specialty Retail)		22
	100	Fuji Electric Co. Ltd. (Electrical Equipment)		5
	200	FUJIFILM Holdings Corp. (Technology Hardware, Storage & Peripherals)		12
	152	Fujitsu Ltd. (IT Services)(b)		18
	3	GLP J-Reit (Industrial REITs)(b)		3
	100	Hakuhodo DY Holdings, Inc. (Media)		1
	100	Hamamatsu Photonics KK (Electronic Equipment, Instruments & Components)		4

HC CAPITAL TRUST  

The Catholic SRI Growth Portfolio  

Portfolio of Investments (continued) — September 30, 2023 (Unaudited) 

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Japan (continued)
	100	Hankyu Hanshin Holdings, Inc. (Ground Transportation)	$	3
	27	Hikari Tsushin, Inc. (Specialty Retail)		4
	42	Hirose Electric Co. Ltd. (Electronic Equipment, Instruments & Components)		5
	100	Hitachi Construction Machinery Co. Ltd. (Machinery)		3
	2,700	Honda Motor Co. Ltd. (Automobile Components)		30
	100	Hoshizaki Corp. (Machinery)		3
	200	Hoya Corp. (Health Care Equipment & Supplies)		20
	200	Hulic Co. Ltd. (Real Estate Management & Development)(b)		2
	100	Ibiden Co. Ltd. (Electronic Equipment, Instruments & Components)		5
	52	Idemitsu Kosan Co. Ltd. (Oil, Gas & Consumable Fuels)(b)		1
	100	Iida Group Holdings Co. Ltd. (Household Durables)		2
	600	Inpex Corp. (Oil, Gas & Consumable Fuels)		9
	300	Isuzu Motors Ltd. (Automobile Components)		4
	700	ITOCHU Corp. (Trading Companies & Distributors)		25
	48	Japan Airlines Co. Ltd. (Passenger Airlines)(b)		1
	300	Japan Exchange Group, Inc. (Capital Markets)		6
	4	Japan Metropolitan Fund Invest (Retail REITs)		3
	800	Japan Post Bank Co. Ltd. (Banks)(b)		7
	1,400	Japan Post Holdings Co. Ltd. (Insurance)(b)		11
	100	Japan Post Insurance Co. Ltd. (Insurance)(b)		2
	1	Japan Real Estate Investment Corp. (Office REITs)		4
	300	JFE Holdings, Inc. (Metals & Mining)(b)		4
	200	Kajima Corp. (Construction & Engineering)		3
	227	Kao Corp. (Personal Care Products)		8
	100	Kawasaki Kisen Kaisha Ltd. (Marine Transportation)		3
	874	KDDI Corp. (Wireless Telecommunication Services)		27
	32	Keio Corp. (Ground Transportation)		1
	100	Keisei Electric Railway Co. Ltd. (Ground Transportation)		3
	134	Keyence Corp. (Electronic Equipment, Instruments & Components)		51
	100	Kikkoman Corp. (Food Products)		5
	100	Kintetsu Group Holdings Co. Ltd. (Ground Transportation)		3
	500	Kirin Holdings Co. Ltd. (Beverages)		7
	100	Kobe Bussan Co. Ltd. (Consumer Staples Distribution & Retail)		2
	100	Koei Tecmo Holdings Co. Ltd. (Entertainment)		1
	168	Koito Manufacturing Co. Ltd. (Automobile Components)		3
	500	Komatsu Ltd. (Machinery)		13
	100	Konami Group Corp. (Entertainment)		5
	43	Kose Corp. (Personal Care Products)		3
	600	Kubota Corp. (Machinery)		9
	100	Kurita Water Industries Ltd. (Machinery)		3

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Japan (continued)
	200	Kyocera Corp. (Electronic Equipment, Instruments & Components)	$	10
	200	Kyowa Kirin Co. Ltd. (Pharmaceuticals)		3
	200	Lixil Corp. (Building Products)		2
	300	M3, Inc. (Health Care Technology)		5
	100	Makita Corp. (Machinery)		2
	800	Marubeni Corp. (Trading Companies & Distributors)		12
	300	MatsukiyoCocokara & Co. (Consumer Staples Distribution & Retail)		5
	300	Mazda Motor Corp. (Automobile Components)		3
	200	MINEBEA MITSUMI, Inc. (Machinery)		3
	200	MISUMI Group, Inc. (Machinery)		3
	700	Mitsubishi Corp. (Trading Companies & Distributors)		33
	1,100	Mitsubishi Electric Corp. (Electrical Equipment)		14
	600	Mitsubishi Estate Co. Ltd. (Real Estate Management & Development)		8
	500	Mitsubishi HC Capital, Inc. (Financial Services)		3
	200	Mitsubishi Heavy Industries Ltd. (Machinery)		11
	5,979	Mitsubishi UFJ Financial Group, Inc. (Banks)		52
	800	Mitsui & Co. Ltd. (Trading Companies & Distributors)		29
	100	Mitsui Chemicals, Inc. (Chemicals)		3
	500	Mitsui Fudosan Co. Ltd. (Real Estate Management & Development)		11
	200	Mitsui O.S.K. Lines Ltd. (Marine Transportation)		5
	1,410	Mizuho Financial Group, Inc. (Banks)		24
	200	MonotaRO Co. Ltd. (Trading Companies & Distributors)		2
	230	MS&AD Insurance Group Holdings, Inc. (Insurance)		8
	1,011	Murata Manufacturing Co. Ltd. (Electronic Equipment, Instruments & Components)		18
	130	NEC Corp. (IT Services)		7
	200	Nexon Co. Ltd. (Entertainment)		4
	100	NGK Insulators Ltd. (Machinery)		1
	200	NIDEC Corp. (Electrical Equipment)		9
	650	Nintendo Co. Ltd. (Entertainment)		27
	1	Nippon Building Fund, Inc. (Diversified REITs)		4
	600	Nippon Paint Holdings Co. Ltd. (Chemicals)(b)		4
	1	Nippon Prologis REIT, Inc. (Industrial REITs)(b)		2
	100	Nippon Sanso Holdings Corp. (Chemicals)		2
	500	Nippon Steel Corp. (Metals & Mining)(b)		12
	17,950	Nippon Telegraph & Telephone Corp. (Diversified Telecommunication Services)		21
	300	Nippon Yusen KK (Marine Transportation)		8
	1,300	Nissan Motor Co. Ltd. (Automobile Components)		6
	100	Nitto Denko Corp. (Chemicals)		7
	2,000	Nomura Holdings, Inc. (Capital Markets)		8
	100	Nomura Real Estate Holdings, Inc. (Real Estate Management & Development)		3

HC CAPITAL TRUST  

The Catholic SRI Growth Portfolio  

Portfolio of Investments (continued) — September 30, 2023 (Unaudited) 

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Japan (continued)
	3	Nomura Real Estate Master Fund, Inc. (Diversified REITs)	$	3
	235	Nomura Research Institute Ltd. (IT Services)		6
	400	NTT Data Group Corp. (IT Services)		5
	400	Obayashi Corp. (Construction & Engineering)		4
	200	Odakyu Electric Railway Co. Ltd. (Ground Transportation)		3
	500	Oji Holdings Corp. (Paper & Forest Products)		2
	700	Olympus Corp. (Health Care Equipment & Supplies)		9
	147	Omron Corp. (Electronic Equipment, Instruments & Components)		7
	49	Oracle Corp. Japan (Software)		4
	600	Oriental Land Co. Ltd. (Hotels, Restaurants & Leisure)		20
	700	ORIX Corp. (Financial Services)		13
	200	Osaka Gas Co. Ltd. (Gas Utilities)		3
	34	Otsuka Corp. (IT Services)		1
	168	Pan Pacific International Holdings Corp. (Broadline Retail)		4
	1,300	Panasonic Holdings Corp. (Household Durables)		15
	1,000	Persol Holdings Co. Ltd. (Professional Services)(b)		2
	1,000	Rakuten Group, Inc. (Broadline Retail)(b)		4
	800	Recruit Holdings Co. Ltd. (Professional Services)		24
	700	Renesas Electronics Corp. (Semiconductors & Semiconductor Equipment)(a)(b)		11
	1,300	Resona Holdings, Inc. (Banks)		7
	400	Ricoh Co. Ltd. (Technology Hardware, Storage & Peripherals)		3
	84	Rohm Co. Ltd. (Semiconductors & Semiconductor Equipment)		2
	200	SBI Holdings, Inc. (Capital Markets)		4
	100	SCSK Corp. (IT Services)		2
	100	Secom Co. Ltd. (Commercial Services & Supplies)		7
	200	Seiko Epson Corp. (Technology Hardware, Storage & Peripherals)		3
	200	Sekisui Chemical Co. Ltd. (Household Durables)		3
	300	Sekisui House Ltd. (Household Durables)		6
	467	Seven & I Holdings Co. Ltd. (Consumer Staples Distribution & Retail)		18
	200	SG Holdings Co. Ltd. (Air Freight & Logistics)		3
	300	Sharp Corp. (Household Durables)(b)		2
	300	Shimizu Corp. (Construction & Engineering)		2
	1,000	Shin-Etsu Chemical Co. Ltd. (Chemicals)		29
	300	Shizuoka Financial Group, Inc. (Banks)		2
	1,700	SoftBank Corp. (Wireless Telecommunication Services)		19
	618	SoftBank Group Corp. (Wireless Telecommunication Services)		26
	200	Sompo Holdings, Inc. (Insurance)		9
	700	Sony Group Corp. (Household Durables)		58
	100	Square Enix Holdings Co. Ltd. (Entertainment)		3
	400	Subaru Corp. (Automobile Components)		8

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Japan (continued)
	200	SUMCO Corp. (Semiconductors & Semiconductor Equipment)(b)	$	3
	600	Sumitomo Corp. (Trading Companies & Distributors)		12
	400	Sumitomo Electric Industries Ltd. (Automobile Components)		5
	100	Sumitomo Metal Mining Co. Ltd. (Metals & Mining)		3
	700	Sumitomo Mitsui Financial Group, Inc. (Banks)		34
	223	Sumitomo Mitsui Trust Holdings, Inc. (Banks)		8
	200	Sumitomo Realty & Development Co. Ltd. (Real Estate Management & Development)		5
	100	Suntory Beverage & Food Ltd. (Beverages)		3
	200	Suzuki Motor Corp. (Automobile Components)		8
	300	T&D Holdings, Inc. (Insurance)		5
	100	Taisei Corp. (Construction & Engineering)		4
	200	TDK Corp. (Electronic Equipment, Instruments & Components)		7
	400	Terumo Corp. (Health Care Equipment & Supplies)		11
	400	The Chiba Bank Ltd. (Banks)		3
	400	The Kansai Electric Power Co., Inc. (Electric Utilities)		6
	100	TIS, Inc. (IT Services)		2
	145	Tobu Railway Co. Ltd. (Ground Transportation)		4
	45	Toho Co. Ltd. (Entertainment)		2
	993	Tokio Marine Holdings, Inc. (Insurance)		23
	900	Tokyo Electric Power Co. Holdings, Inc. (Electric Utilities)(a)		4
	300	Tokyo Electron Ltd. (Semiconductors & Semiconductor Equipment)		41
	200	Tokyo Gas Co. Ltd. (Gas Utilities)		5
	300	Tokyu Corp. (Ground Transportation)		3
	100	TOPPAN Holdings, Inc. (Commercial Services & Supplies)		2
	800	Toray Industries, Inc. (Chemicals)		4
	200	Toshiba Corp. (Industrial Conglomerates)(a)		6
	100	Tosoh Corp. (Chemicals)		1
	100	TOTO Ltd. (Building Products)		3
	100	Toyota Industries Corp. (Machinery)		8
	5,650	Toyota Motor Corp. (Automobile Components)		102
	100	Trend Micro, Inc. (Software)		4
	200	Unicharm Corp. (Household Products)		7
	100	USS Co. Ltd. (Specialty Retail)		2
	200	Yakult Honsha Co. Ltd. (Food Products)		5
	100	Yamaha Corp. (Leisure Products)		3
	200	Yamaha Motor Co. Ltd. (Automobile Components)		5
	200	Yamato Holdings Co. Ltd. (Air Freight & Logistics)		3
	100	Yaskawa Electric Corp. (Machinery)		4
	100	Yokogawa Electric Corp. (Electronic Equipment, Instruments & Components)		2
	1,500	Z Holdings Corp. (Interactive Media & Services)		4
	100	Zensho Holdings Co. Ltd. (Hotels, Restaurants & Leisure)		4

HC CAPITAL TRUST  

The Catholic SRI Growth Portfolio  

Portfolio of Investments (continued) — September 30, 2023 (Unaudited) 

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Japan (continued)
	100	ZOZO, Inc. (Specialty Retail)(b)	$	2
				1,699
		Luxembourg — 0.04%
	257	ArcelorMittal SA (Metals & Mining)		7
	259	Tenaris SA (Energy Equipment & Services)		4
				11
		Netherlands — 1.52%
	224	ABN AMRO Bank N.V. (Banks)(b)		3
	13	Adyen N.V. (Professional Services)(a)(b)		10
	893	Aegon Ltd. (Insurance)		4
	91	Akzo Nobel N.V. (Chemicals)		7
	32	Argenx SE (Biotechnology)(a)		16
	28	ASM International N.V. (Semiconductors & Semiconductor Equipment)		12
	226	ASML Holding N.V. (Semiconductors & Semiconductor Equipment)(b)		132
	102	ASR Nederland N.V. (Insurance)		4
	41	BE Semiconductor Industries N.V. (Semiconductors & Semiconductor Equipment)		4
	44	Euronext N.V. (Capital Markets)		3
	62	EXOR N.V. (Financial Services)		5
	305	Ferrovial SE (Construction & Engineering)		9
	71	Heineken Holding N.V. (Beverages)		5
	150	Heineken N.V. (Beverages)		13
	31	IMCD N.V. (Trading Companies & Distributors)(b)		4
	2,017	ING Groep N.V. (Banks)		27
	59	JDE Pee’’s N.V. (Food Products)(b)		2
	538	Koninklijke Ahold Delhaize N.V. (Consumer Staples Distribution & Retail)		16
	1,770	Koninklijke KPN N.V. (Diversified Telecommunication Services)		6
	547	Koninklijke Philips N.V. (Health Care Equipment & Supplies)(a)		11
	152	NN Group N.V. (Insurance)		5
	148	NXP Semiconductors N.V. (Semiconductors & Semiconductor Equipment)		30
	51	OCI N.V. (Chemicals)(b)		1
	841	Prosus N.V. (Broadline Retail)(a)(b)		25
	66	Randstad N.V. (Professional Services)		4
	1,266	Stellantis N.V. (Automobile Components)		24
	479	Universal Music Group N.V. (Entertainment)		12
	148	Wolters Kluwer N.V. (Professional Services)		18
				412
		New Zealand — 0.07%
	657	Auckland International Airport Ltd. (Transportation Infrastructure)		3
	304	Fisher & Paykel Healthcare Corp. Ltd. (Health Care Equipment & Supplies)		4
	634	Mercury NZ Ltd. (Electric Utilities)		2
	828	Meridian Energy Ltd. (Independent Power and Renewable Electricity Producers)		3

Shares		Security Description	Value (000)
		Common Stocks (continued)
		New Zealand (continued)
	1,066	Spark New Zealand Ltd. (Diversified Telecommunication Services)	$	3
	68	Xero Ltd. (Software)(a)		5
				20
		Norway — 0.22%
	161	Adevinta ASA (Interactive Media & Services)(a)		2
	168	Aker BP ASA (Oil, Gas & Consumable Fuels)		5
	533	DNB Bank ASA (Banks)		11
	526	Equinor ASA (Oil, Gas & Consumable Fuels)		16
	121	Gjensidige Forsikring ASA (Insurance)		2
	274	Mowi ASA (Food Products)(b)		5
	716	Norsk Hydro ASA (Metals & Mining)		4
	382	Orkla ASA (Food Products)		3
	47	Salmar ASA (Food Products)		2
	373	Telenor ASA (Diversified Telecommunication Services)		4
	93	Yara International ASA (Chemicals)		4
				58
		Portugal — 0.06%
	1,828	EDP - Energias de Portugal SA (Electric Utilities)		7
	282	Galp Energia SGPS SA (Oil, Gas & Consumable Fuels)(b)		4
	157	Jeronimo Martins SGPS SA (Consumer Staples Distribution & Retail)(b		4
				15
		Singapore — 0.42%
	2,350	CapitaLand Ascendas REIT (Industrial REITs)		5
	2,740	CapitaLand Integrated Commercial Trust (Retail REITs)		4
	1,500	CapitaLand Investment Ltd. (Real Estate Management & Development)		3
	400	City Developments Ltd. (Real Estate Management & Development)		2
	1,024	DBS Group Holdings Ltd. (Banks)		26
	3,300	Genting Singapore Ltd. (Hotels, Restaurants & Leisure)		2
	888	Grab Holdings Ltd. (Ground Transportation)(a)		3
	600	Keppel Corp. Ltd. (Industrial Conglomerates)		3
	1,659	Mapletree Logistics Trust (Industrial REITs)		2
	1,200	Mapletree Pan Asia Commercial Trust (Retail REITs)		1
	1,435	Oversea-Chinese Banking Corp. Ltd. (Banks)		13
	212	Sea Ltd., ADR (Entertainment)(a)		9
	26,285	Seatrium Ltd. (Machinery)(a)		3
	500	Sembcorp Industries Ltd. (Multi-Utilities)		2
	900	Singapore Airlines Ltd. (Passenger Airlines)(b)		4
	500	Singapore Exchange Ltd. (Capital Markets)		4
	5,100	Singapore Telecommunications Ltd. (Diversified Telecommunication Services)		9
	700	United Overseas Bank Ltd. (Banks)		15
	300	UOL Group Ltd. (Real Estate Management & Development)		1
	900	Wilmar International Ltd. (Food Products)		2
				113
		Spain — 0.77%
	18	Acciona SA (Electric Utilities)		2
	115	ACS Actividades de Construccion y Servicios SA (Construction & Engineering)		4

HC CAPITAL TRUST  

The Catholic SRI Growth Portfolio  

Portfolio of Investments (continued) — September 30, 2023 (Unaudited) 

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Spain (continued)
	38	Aena SME SA (Transportation Infrastructure)	$	6
	261	Amadeus IT Group SA (Professional Services)		16
	3,322	Banco Bilbao Vizcaya Argentaria SA (Banks)		27
	9,004	Banco SantanderSA (Banks)(b)		34
	2,355	CaixaBank SA (Banks)		9
	321	Cellnex Telecom SA (Diversified Telecommunication Services)(b)		11
	33	Corp. ACCIONA Energias Renovables SA (Independent Power and Renewable Electricity Producers)		1
	152	EDP Renovaveis SA (Independent Power and Renewable Electricity Producers)		2
	121	Enagas SA (Gas Utilities)(b)		2
	189	Endesa SA (Electric Utilities)		4
	3,350	Iberdrola SA (Electric Utilities)		38
	607	Industria de Diseno Textil SA (Specialty Retail)		23
	70	Naturgy Energy Group SA (Gas Utilities)		2
	223	Redeia Corp. SA (Electric Utilities)		4
	695	Repsol SA (Oil, Gas & Consumable Fuels)		11
	2,938	Telefonica SA (Diversified Telecommunication Services)		12
				208
		Sweden — 0.87%
	156	Alfa Laval AB (Machinery)		5
	564	Assa Abloy AB, Class – B (Building Products)		12
	1,476	Atlas Copco AB, Class – A (Machinery)		21
	914	Atlas Copco AB, Class – B (Machinery)		11
	225	Beijer Ref AB (Trading Companies & Distributors)		2
	165	Boliden AB (Metals & Mining)		5
	348	Epiroc AB, Class – A (Machinery)		7
	289	Epiroc AB, Class – B (Machinery)		5
	195	EQT AB (Capital Markets)		4
	365	Essity AB, Class – B (Household Products)		8
	104	Evolution AB (Hotels, Restaurants & Leisure)(b)		10
	306	Fastighets AB Balder, B shares (Real Estate Management & Development)(a)		1
	120	Getinge AB, B shares (Health Care Equipment & Supplies)		2
	377	H & M Hennes & Mauritz AB, Class – B (Specialty Retail)		5
	1,114	Hexagon AB, Class – B (Electronic Equipment, Instruments & Components)		9
	74	Holmen AB, B shares (Paper & Forest Products)		3
	214	Husqvarna AB, B shares (Machinery)		2
	144	Industrivarden AB, Class – A (Financial Services)(b)		4
	20	Industrivarden AB, Class – C (Financial Services)		1
	155	Indutrade AB (Machinery)		3
	81	Investment AB Latour, Class – B (Industrial Conglomerates)		1
	963	Investor AB, Class – B (Financial Services)		18
	50	L E Lundbergforetagen AB, Class – B (Financial Services)		2

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Sweden (continued)
	127	Lifco AB, Class – B (Industrial Conglomerates)	$	2
	848	Nibe Industrier AB, Class – B (Building Products)		6
	95	Sagax AB, Class – B (Real Estate Management & Development)		2
	565	Sandvik AB (Machinery)		10
	280	Securitas AB, Class – B (Commercial Services & Supplies)		2
	913	Skandinaviska Enskilda Banken AB, Class – A (Banks)		11
	234	Skanska AB, Class – B (Construction & Engineering)		4
	191	SKF AB, B shares (Machinery)		3
	308	Svenska Cellulosa AB SCA, Class – B (Paper & Forest Products)		4
	873	Svenska Handelsbanken AB, Class – A (Banks)		8
	476	Swedbank AB, Class – A (Banks)		9
	264	Tele2 AB, B shares (Wireless Telecommunication Services)		2
	1,729	Telefonaktiebolaget LM Ericsson, Class – B (Communications Equipment)^		8
	1,249	Telia Co. AB (Diversified Telecommunication Services)(b)		3
	207	Volvo AB, Class – A (Machinery)		4
	718	Volvo AB, Class – B (Machinery)		15
	325	Volvo Car AB, Class – B (Automobile Components)(a)		1
				235
		Switzerland — 2.54%
	916	ABB Ltd., Registered Shares (Electrical Equipment)		33
	82	Adecco Group AG (Professional Services)(b)		3
	286	Alcon, Inc. (Health Care Equipment & Supplies)		22
	24	Baloise Holding AG, Registered Shares (Insurance)		3
	16	Banque Cantonale Vaudoise, Registered Shares (Banks)		2
	2	Barry Callebaut AG, Registered Shares (Food Products)(b)		3
	14	BKW AG (Electric Utilities)		2
	1	Chocoladefabriken Lindt & Spruengli AG, Class – PC (Food Products)		11
	233	Chubb Ltd. (Insurance)		49
	288	Cie Financiere Richemont SA, Registered Shares (Textiles, Apparel & Luxury Goods)		35
	100	Clariant AG, Registered Shares (Chemicals)		2
	114	Coca-Cola HBC AG (Beverages)		3
	103	DSM-Firmenich AG (Chemicals)		9
	66	Dufry AG, Registered Shares (Specialty Retail)(a)(b)		3
	5	EMS-Chemie Holding AG (Chemicals)		3
	86	Garmin Ltd. (Household Durables)		9
	18	Geberit AG, Registered Shares (Building Products)		9
	5	Givaudan SA, Registered Shares (Chemicals)		16
	5,960	Glencore PLC (Metals & Mining)(b)		34
	23	Helvetia Holding AG, Registered Shares (Insurance)		3

HC CAPITAL TRUST  

The Catholic SRI Growth Portfolio  

Portfolio of Investments (continued) — September 30, 2023 (Unaudited) 

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Switzerland (continued)
	299	Holcim AG (Construction Materials)(b)	$	19
	119	Julius Baer Group Ltd. (Capital Markets)		8
	32	Kuehne + Nagel International AG, Registered Shares (Marine Transportation)		9
	96	Logitech International SA, Registered Shares (Technology Hardware, Storage & Peripherals)		7
	1,488	Nestle SA, Registered Shares (Food Products)		167
	13	Partners Group Holding AG (Capital Markets)		15
	18	Schindler Holding AG (Machinery)		4
	19	Schindler Holding AG, Registered Shares (Machinery)		4
	88	SGS SA, Registered Shares (Professional Services)(b)		7
	197	SIG Group AG (Containers & Packaging)(b)		5
	79	Sika AG, Registered Shares (Chemicals)(b)		20
	27	Sonova Holding AG (Health Care Equipment & Supplies)(b)		6
	404	STMicroelectronics N.V. (Semiconductors & Semiconductor Equipment)		17
	67	Straumann Holding AG, Registered Shares (Health Care Equipment & Supplies)		9
	16	Swiss Life Holding AG (Insurance)		10
	51	Swiss Prime Site AG, Registered Shares (Real Estate Management & Development)		5
	171	Swiss Re AG (Insurance)		18
	13	Swisscom AG, Registered Shares (Diversified Telecommunication Services)		8
	35	Temenos AG, Registered Shares (Software)		2
	15	The Swatch Group AG (Textiles, Apparel & Luxury Goods)		4
	39	The Swatch Group AG (Textiles, Apparel & Luxury Goods)		2
	1,845	UBS Group AG (Capital Markets)		45
	14	VAT Group AG (Machinery)		5
	82	Zurich Insurance Group AG (Insurance)		38
				688
		United Arab Emirates — 0.00%
	118	NMC Health PLC (Health Care Providers & Services)(a)(c)		—
		United Kingdom — 3.54%
	582	3i Group PLC (Capital Markets)		15
	1,208	abrdn PLC (Capital Markets)		2
	108	Admiral Group PLC (Insurance)		3
	898	Amcor PLC (Containers & Packaging)		8
	721	Anglo American PLC (Metals & Mining)		20
	254	Ashtead Group PLC (Trading Companies & Distributors)		15
	190	Associated British Foods PLC (Food Products)		5
	483	Auto Trader Group PLC (Interactive Media & Services)(b)		4
	1,441	Aviva PLC (Insurance)		7
	8,715	Barclays PLC (Banks)(b)		17
	471	Barratt Developments PLC (Household Durables)(b)		3
	53	Berkeley Group Holdings PLC (Household Durables)		3
	9,759	BP PLC (Oil, Gas & Consumable Fuels)		63

Shares		Security Description	Value (000)
		Common Stocks (continued)
		United Kingdom (continued)
	3,974	BT Group PLC (Diversified Telecommunication Services)	$	6
	188	Bunzl PLC (Trading Companies & Distributors)		7
	214	Burberry Group PLC (Textiles, Apparel & Luxury Goods)(b)		5
	3,224	Centrica PLC (Multi-Utilities)(b)		6
	182	Clarivate PLC (Professional Services)(a)		1
	632	CNH Industrial N.V. (Machinery)		8
	128	Coca-Cola Europacific Partners PLC (Beverages)		8
	961	Compass Group PLC (Hotels, Restaurants & Leisure)		23
	86	Croda International PLC (Chemicals)(b)		5
	1,226	Diageo PLC (Beverages)		45
	96	Endeavour Mining PLC (Metals & Mining)		2
	367	Entain PLC (Hotels, Restaurants & Leisure)		4
	119	Ferguson PLC (Trading Companies & Distributors)(b)		20
	3,148	Haleon PLC (Personal Care Products)(b)		13
	214	Halma PLC (Electronic Equipment, Instruments & Components)		5
	176	Hargreaves Lansdown PLC (Capital Markets)		2
	11,110	HSBC Holdings PLC (Banks)		86
	810	Informa PLC (Media)		7
	96	InterContinental Hotels Group PLC (Hotels, Restaurants & Leisure)		7
	103	Intertek Group PLC (Professional Services)		5
	842	J Sainsbury PLC (Consumer Staples Distribution & Retail)		3
	1,475	JD Sports Fashion PLC (Specialty Retail)		3
	83	Johnson Matthey PLC (Chemicals)		2
	1,028	Kingfisher PLC (Specialty Retail)		3
	371	Land Securities Group PLC (Diversified REITs)		3
	3,513	Legal & General Group PLC (Insurance)		9
	148	Liberty Global PLC, Class – C (Diversified Telecommunication Services)(a)		3
	35,323	Lloyds Banking Group PLC (Banks)		19
	243	London Stock Exchange Group PLC (Capital Markets)(b)		24
	1,248	M&G PLC (Financial Services)		3
	267	Mondi PLC (Paper & Forest Products)		4
	2,080	National Grid PLC (Multi-Utilities)		25
	3,431	NatWest Group PLC (Banks)(b)		10
	71	Next PLC (Broadline Retail)		6
	363	Ocado Group PLC (Consumer Staples Distribution & Retail)(a)(b)		3
	399	Pearson PLC (Diversified Consumer Services)		4
	93	Pentair PLC (Machinery)		6
	224	Persimmon PLC (Household Durables)		3
	381	Phoenix Group Holdings PLC (Insurance)		2
	1,071	RELX PLC (Professional Services)		36
	1,488	Rentokil Initial PLC (Commercial Services & Supplies)		11
	626	Rio Tinto PLC (Metals & Mining)		39
	400	Schroders PLC (Capital Markets)		2
	641	Segro PLC (Diversified REITs)		6
	130	Severn Trent PLC (Water Utilities)(b)		4
	3,771	Shell PLC (Oil, Gas & Consumable Fuels)		118
	458	Smith & Nephew PLC (Health Care Equipment & Supplies)		6

HC CAPITAL TRUST  

The Catholic SRI Growth Portfolio  

Portfolio of Investments (continued) — September 30, 2023 (Unaudited) 

Shares		Security Description	Value (000)
		Common Stocks (continued)
		United Kingdom (continued)
	219	Smiths Group PLC (Industrial Conglomerates)	$	4
	38	Spirax-Sarco Engineering PLC (Machinery)		4
	624	SSE PLC (Electric Utilities)		12
	360	St. James’s Place PLC (Capital Markets)		4
	1,373	Standard Chartered PLC (Banks)		13
	1,778	Taylor Wimpey PLC (Household Durables)(b)		3
	4,044	Tesco PLC (Consumer Staples Distribution & Retail)		13
	545	The Sage Group PLC (Software)		7
	1,399	Unilever PLC (Personal Care Products)		69
	407	United Utilities Group PLC (Water Utilities)		5
	13,027	Vodafone Group PLC (Wireless Telecommunication Services)		12
	107	Whitbread PLC (Hotels, Restaurants & Leisure)		5
	59	Willis Towers Watson PLC (Insurance)		12
	409	Wise PLC, Class - A (Professional Services)(a)		3
	616	WPP PLC (Media)		5
				958
		United States — 68.61%
	308	3M Co. (Industrial Conglomerates)		29
	72	A.O. Smith Corp. (Building Products)		5
	438	Activision Blizzard, Inc. (Entertainment)		41
	256	Adobe, Inc. (Software)(a)		131
	904	Advanced Micro Devices, Inc. (Semiconductors & Semiconductor Equipment)(a)		93
	74	AECOM (Construction & Engineering)		6
	321	Aflac, Inc. (Insurance)		25
	154	Agilent Technologies, Inc. (Life Sciences Tools & Services)		17
	125	Air Products & Chemicals, Inc. (Chemicals)		35
	237	Airbnb, Inc., Class - A (Hotels, Restaurants & Leisure)(a)		33
	86	Akamai Technologies, Inc. (IT Services)(a)		9
	65	Albemarle Corp. (Chemicals)		11
	193	Albertsons Cos., Inc., Class - A (Consumer Staples Distribution & Retail)		4
	95	Alexandria Real Estate Equities, Inc. (Office REITs)		10
	43	Align Technology, Inc. (Health Care Equipment & Supplies)(a)		13
	138	Alliant Energy Corp. (Electric Utilities)		7
	137	Ally Financial, Inc. (Consumer Finance)		4
	73	Alnylam Pharmaceuticals, Inc. (Biotechnology)(a)		13
	3,344	Alphabet, Inc., Class - A (Interactive Media & Services)(a)		438
	2,975	Alphabet, Inc., Class - C (Interactive Media & Services)(a)		392
	5,197	Amazon.com, Inc. (Broadline Retail)(a)		662
	147	Ameren Corp. (Multi-Utilities)		11
	287	American Electric Power Co., Inc. (Electric Utilities)		22
	353	American Express Co. (Consumer Finance)		53
	45	American Financial Group, Inc. (Insurance)		5
	192	American Homes 4 Rent, Class - A (Residential REITs)		6
	397	American International Group, Inc. (Insurance)		24
	261	American Tower Corp. (Specialized REITs)		43

Shares		Security Description	Value (000)
		Common Stocks (continued)
		United States (continued)
	112	American Water Works Co., Inc. (Water Utilities)	$	14
	60	Ameriprise Financial, Inc. (Capital Markets)		20
	98	AmerisourceBergen Corp. (Health Care Providers & Services)		18
	133	AMETEK, Inc. (Electrical Equipment)		20
	335	Amphenol Corp., Class - A (Electronic Equipment, Instruments & Components)		28
	281	Analog Devices, Inc. (Semiconductors & Semiconductor Equipment)		49
	259	Annaly Capital Management, Inc. (Mortgage Real Estate Investment Trusts)		5
	47	ANSYS, Inc. (Software)(a)		14
	115	Aon PLC, Class - A (Insurance)		37
	174	APA Corp. (Oil, Gas & Consumable Fuels)		7
	226	Apollo Global Management, Inc. (Financial Services)		20
	8,857	Apple, Inc. (Technology Hardware, Storage & Peripherals)		1,517
	471	Applied Materials, Inc. (Semiconductors & Semiconductor Equipment)		65
	150	Aramark (Hotels, Restaurants & Leisure)		5
	302	Archer-Daniels-Midland Co. (Food Products)		23
	90	Ares Management Corp., Class - A (Capital Markets)		9
	151	Arista Networks, Inc. (Communications Equipment)(a)		28
	33	Arrow Electronics, Inc. (Electronic Equipment, Instruments & Components)(a)		4
	120	Arthur J. Gallagher & Co. (Insurance)		27
	19	Aspen Technology, Inc. (Software)(a)		4
	30	Assurant, Inc. (Insurance)		4
	4,014	AT&T, Inc. (Diversified Telecommunication Services)		60
	84	Atlassian Corp., Class - A (Software)(a)		17
	81	Atmos Energy Corp. (Gas Utilities)		9
	116	Autodesk, Inc. (Software)(a)		24
	230	Automatic Data Processing, Inc. (Professional Services)		55
	10	AutoZone, Inc. (Specialty Retail)(a)		25
	81	AvalonBay Communities, Inc. (Residential REITs)		14
	367	Avantor, Inc. (Life Sciences Tools & Services)(a)		8
	44	Avery Dennison Corp. (Containers & Packaging)		8
	39	Axon Enterprise, Inc. (Aerospace & Defense)(a)		8
	568	Baker Hughes Co. (Energy Equipment & Services)		20
	183	Ball Corp. (Containers & Packaging)		9
	4,029	Bank of America Corp. (Banks)		110
	141	Bath & Body Works, Inc. (Specialty Retail)		5
	274	Baxter International, Inc. (Health Care Equipment & Supplies)		10
	120	Bentley Systems, Inc., Class - B (Software)		6
	727	Berkshire Hathaway, Inc., Class - B (Financial Services)(a)		255
	105	Best Buy Co., Inc. (Specialty Retail)		7
	59	BILL Holdings, Inc. (Software)(a)		6

HC CAPITAL TRUST  

The Catholic SRI Growth Portfolio  

Portfolio of Investments (continued) — September 30, 2023 (Unaudited) 

Shares		Security Description	Value (000)
		Common Stocks (continued)
		United States (continued)
	98	Bio-Techne Corp. (Life Sciences Tools & Services)	$	7
	84	BlackRock, Inc. (Capital Markets)		54
	397	Blackstone, Inc. (Capital Markets)		43
	315	Block, Inc. (Financial Services)(a)		14
	21	Booking Holdings, Inc. (Hotels, Restaurants & Leisure)(a)		65
	71	Booz Allen Hamilton Holding Corp. (Professional Services)		8
	123	BorgWarner, Inc. (Automobile Components)		5
	80	Boston Properties, Inc. (Office REITs)		5
	812	Boston Scientific Corp. (Health Care Equipment & Supplies)(a)		43
	233	Broadcom, Inc. (Semiconductors & Semiconductor Equipment)		194
	69	Broadridge Financial Solutions, Inc. (Professional Services)		12
	63	Brookfield Renewable Corp., Class - A (Independent Power and Renewable Electricity Producers)(b)		2
	135	Brown & Brown, Inc. (Insurance)		9
	178	Brown-Forman Corp., Class - B (Beverages)		10
	74	Builders FirstSource, Inc. (Building Products)(a)		9
	85	Bunge Ltd. (Food Products)		9
	40	Burlington Stores, Inc. (Specialty Retail)(a)		5
	69	C.H. Robinson Worldwide, Inc. (Air Freight & Logistics)		6
	151	Cadence Design Systems, Inc. (Software)(a)		35
	129	Caesars Entertainment, Inc. (Hotels, Restaurants & Leisure)(a)		6
	61	Camden Property Trust (Residential REITs)		6
	104	Campbell Soup Co. (Food Products)		4
	220	Capital One Financial Corp. (Consumer Finance)		21
	148	Cardinal Health, Inc. (Health Care Providers & Services)		13
	31	Carlisle Cos., Inc. (Building Products)		8
	94	CarMax, Inc. (Specialty Retail)(a)		7
	594	Carnival Corp. (Hotels, Restaurants & Leisure)(a)		8
	470	Carrier Global Corp. (Building Products)		26
	290	Caterpillar, Inc. (Machinery)		79
	58	Cboe Global Markets, Inc. (Capital Markets)		9
	184	CBRE Group, Inc., Class - A (Real Estate Management & Development)(a)		14
	75	CDW Corp. (Electronic Equipment, Instruments & Components)		15
	57	Celanese Corp. (Chemicals)		7
	310	Centene Corp. (Health Care Providers & Services)(a)		21
	368	CenterPoint Energy, Inc. (Multi-Utilities)		10
	88	Ceridian HCM Holding, Inc. (Professional Services)(a)		6
	112	CF Industries Holdings, Inc. (Chemicals)		10
	55	Charter Communications, Inc., Class - A (Media)(a)		24
	141	Cheniere Energy, Inc. (Oil, Gas & Consumable Fuels)		23
	65	Chesapeake Energy Corp. (Oil, Gas & Consumable Fuels)		6
	1,022	Chevron Corp. (Oil, Gas & Consumable Fuels)		172

Shares		Security Description	Value (000)
		Common Stocks (continued)
		United States (continued)
	57	Chewy, Inc., Class - A (Specialty Retail)(a)	$	1
	15	Chipotle Mexican Grill, Inc. (Hotels, Restaurants & Leisure)(a)		27
	90	Cincinnati Financial Corp. (Insurance)		9
	53	Cintas Corp. (Commercial Services & Supplies)		25
	2,272	Cisco Systems, Inc. (Communications Equipment)		122
	1,082	Citigroup, Inc. (Banks)		45
	253	Citizens Financial Group, Inc. (Banks)		7
	328	Cleveland-Cliffs, Inc. (Metals & Mining)(a)		5
	155	Cloudflare, Inc., Class - A (IT Services)(a)		10
	202	CME Group, Inc. (Capital Markets)		40
	159	CMS Energy Corp. (Multi-Utilities)		8
	90	Cognex Corp. (Electronic Equipment, Instruments & Components)		4
	273	Cognizant Technology Solutions Corp., Class - A (IT Services)		18
	93	Coinbase Global, Inc., Class - A (Capital Markets)(a)		7
	452	Colgate-Palmolive Co. (Household Products)		32
	2,334	Comcast Corp., Class - A (Media)		103
	284	Conagra Brands, Inc. (Food Products)		8
	98	Confluent, Inc., Class - A (Software)(a)		3
	682	ConocoPhillips (Oil, Gas & Consumable Fuels)		82
	199	Consolidated Edison, Inc. (Multi-Utilities)		17
	94	Constellation Brands, Inc., Class - A (Beverages)		24
	186	Constellation Energy Corp. (Electric Utilities)		20
	484	Copart, Inc. (Commercial Services & Supplies)(a)		21
	407	Corteva, Inc. (Chemicals)		21
	234	CoStar Group, Inc. (Professional Services)(a)		18
	249	Costco Wholesale Corp. (Consumer Staples Distribution & Retail)		141
	424	Coterra Energy, Inc. (Oil, Gas & Consumable Fuels)		11
	127	Crowdstrike Holdings, Inc., Class - A (Software)(a)		21
	249	Crown Castle, Inc. (Specialized REITs)		23
	62	Crown Holdings, Inc. (Containers & Packaging)		5
	1,145	CSX Corp. (Ground Transportation)		35
	78	Cummins, Inc. (Machinery)		18
	722	CVS Health Corp. (Health Care Providers & Services)		50
	170	D.R. Horton, Inc. (Household Durables)		18
	70	Darden Restaurants, Inc. (Hotels, Restaurants & Leisure)		10
	86	Darling Ingredients, Inc. (Food Products)(a)		4
	145	Datadog, Inc., Class - A (Software)(a)		13
	30	DaVita, Inc. (Health Care Providers & Services)(a)		3
	14	Deckers Outdoor Corp. (Textiles, Apparel & Luxury Goods)(a)		7
	156	Deere & Co. (Machinery)		59
	144	Dell Technologies, Inc., Class - C (Technology Hardware, Storage & Peripherals)		10
	79	Delta Air Lines, Inc. (Passenger Airlines)		3

HC CAPITAL TRUST  

The Catholic SRI Growth Portfolio  

Portfolio of Investments (continued) — September 30, 2023 (Unaudited) 

Shares		Security Description	Value (000)
		Common Stocks (continued)
		United States (continued)
	109	DENTSPLY SIRONA, Inc. (Health Care Equipment & Supplies)	$	4
	351	Devon Energy Corp. (Oil, Gas & Consumable Fuels)		17
	222	Dexcom, Inc. (Health Care Equipment & Supplies)(a)		21
	96	Diamondback Energy, Inc. (Oil, Gas & Consumable Fuels)		15
	38	Dick's Sporting Goods, Inc. (Specialty Retail)		4
	167	Digital Realty Trust, Inc. (Specialized REITs)		20
	140	Discover Financial Services (Consumer Finance)		12
	124	DocuSign, Inc. (Software)(a)		5
	129	Dollar General Corp. (Consumer Staples Distribution & Retail)		14
	124	Dollar Tree, Inc. (Consumer Staples Distribution & Retail)(a)		13
	464	Dominion Energy, Inc. (Multi-Utilities)		21
	20	Domino's Pizza, Inc. (Hotels, Restaurants & Leisure)		8
	148	DoorDash, Inc., Class - A (Hotels, Restaurants & Leisure)(a)		12
	75	Dover Corp. (Machinery)		10
	406	Dow, Inc. (Chemicals)		21
	248	DraftKings, Inc. (Hotels, Restaurants & Leisure)(a)		7
	162	Dropbox, Inc., Class - A (Software)(a)		4
	112	DTE Energy Co. (Multi-Utilities)		11
	436	Duke Energy Corp. (Electric Utilities)		38
	254	DuPont de Nemours, Inc. (Chemicals)		19
	130	Dynatrace, Inc. (Software)(a)		6
	70	Eastman Chemical Co. (Chemicals)		5
	227	Eaton Corp. PLC (Electrical Equipment)		48
	300	eBay, Inc. (Broadline Retail)		13
	146	Ecolab, Inc. (Chemicals)		25
	216	Edison International (Electric Utilities)		14
	335	Edwards Lifesciences Corp. (Health Care Equipment & Supplies)(a)		23
	142	Electronic Arts, Inc. (Entertainment)		17
	134	Elevance Health, Inc. (Health Care Providers & Services)		58
	323	Emerson Electric Co. (Electrical Equipment)		31
	81	Enphase Energy, Inc. (Semiconductors & Semiconductor Equipment)(a)		10
	84	Entegris, Inc. (Semiconductors & Semiconductor Equipment)		8
	118	Entergy Corp. (Electric Utilities)		11
	328	EOG Resources, Inc. (Oil, Gas & Consumable Fuels)		42
	34	EPAM Systems, Inc. (IT Services)(a)		9
	207	EQT Corp. (Oil, Gas & Consumable Fuels)		8
	68	Equifax, Inc. (Professional Services)		12
	53	Equinix, Inc. (Specialized REITs)		38
	179	Equitable Holdings, Inc. (Financial Services)		5
	100	Equity LifeStyle Properties, Inc. (Residential REITs)		6
	202	Equity Residential (Residential REITs)		12
	15	Erie Indemnity Co., Class - A (Insurance)		4
	147	Essential Utilities, Inc. (Water Utilities)		5
	36	Essex Property Trust, Inc. (Residential REITs)		8

Shares		Security Description	Value (000)
		Common Stocks (continued)
		United States (continued)
	75	Etsy, Inc. (Broadline Retail)(a)	$	5
	119	Evergy, Inc. (Electric Utilities)		6
	194	Eversource Energy (Electric Utilities)		11
	107	Exact Sciences Corp. (Biotechnology)(a)		7
	571	Exelon Corp. (Electric Utilities)		22
	83	Expedia Group, Inc. (Hotels, Restaurants & Leisure)(a)		9
	88	Expeditors International of Washington, Inc. (Air Freight & Logistics)		10
	118	Extra Space Storage, Inc. (Specialized REITs)		14
	2,278	Exxon Mobil Corp. (Oil, Gas & Consumable Fuels)		268
	33	F5, Inc. (Communications Equipment)(a)		5
	23	FactSet Research Systems, Inc. (Capital Markets)		10
	14	Fair Isaac Corp. (Software)(a)		12
	327	Fastenal Co. (Trading Companies & Distributors)		18
	133	FedEx Corp. (Air Freight & Logistics)		35
	142	Fidelity National Financial, Inc. (Insurance)		6
	326	Fidelity National Information Services, Inc. (Financial Services)		18
	365	Fifth Third Bancorp (Banks)		9
	6	First Citizens BancShares, Inc., Class - A (Banks)		8
	343	First Horizon Corp. (Banks)		4
	57	First Solar, Inc. (Semiconductors & Semiconductor Equipment)(a)		9
	315	FirstEnergy Corp. (Electric Utilities)		11
	342	Fiserv, Inc. (Financial Services)(a)		39
	41	FleetCor Technologies, Inc. (Financial Services)(a)		10
	77	FMC Corp. (Chemicals)		5
	2,229	Ford Motor Co. (Automobile Components)		28
	382	Fortinet, Inc. (Software)(a)		22
	200	Fortive Corp. (Machinery)		15
	67	Fortune Brands Innovations, Inc. (Building Products)		4
	111	Fox Corp., Class - A (Media)		3
	112	Fox Corp., Class - B (Media)		3
	144	Franklin Resources, Inc. (Capital Markets)		4
	797	Freeport-McMoRan, Inc. (Metals & Mining)		30
	145	Gaming and Leisure Properties, Inc. (Specialized REITs)		7
	43	Gartner, Inc. (IT Services)(a)		15
	236	GE HealthCare Technologies, Inc. (Health Care Equipment & Supplies)		16
	357	Gen Digital, Inc. (Software)		6
	33	Generac Holdings, Inc. (Electrical Equipment)(a)		4
	340	General Mills, Inc. (Food Products)		22
	794	General Motors Co. (Automobile Components)		26
	77	Genuine Parts Co. (Distributors)		11
	145	Global Payments, Inc. (Financial Services)		17
	49	Globe Life, Inc. (Insurance)		5
	87	GoDaddy, Inc., Class - A (IT Services)(a)		6
	105	Graco, Inc. (Machinery)		8
	505	Halliburton Co. (Energy Equipment & Services)		20
	79	Hasbro, Inc. (Leisure Products)		5
	117	HCA Healthcare, Inc. (Health Care Providers & Services)		29

HC CAPITAL TRUST  

The Catholic SRI Growth Portfolio  

Portfolio of Investments (continued) — September 30, 2023 (Unaudited) 

Shares		Security Description	Value (000)
		Common Stocks (continued)
		United States (continued)
	234	Healthcare Realty Trust, Inc. (Health Care REITs)	$	4
	281	Healthpeak Properties, Inc. (Health Care REITs)		5
	31	HEICO Corp. (Aerospace & Defense)		5
	39	HEICO Corp., Class - A (Aerospace & Defense)		5
	72	Henry Schein, Inc. (Health Care Providers & Services)(a)		5
	158	Hess Corp. (Oil, Gas & Consumable Fuels)		24
	724	Hewlett Packard Enterprise Co. (Technology Hardware, Storage & Peripherals)		13
	90	HF Sinclair Corp. (Oil, Gas & Consumable Fuels)		5
	146	Hilton Worldwide Holdings, Inc. (Hotels, Restaurants & Leisure)		22
	131	Hologic, Inc. (Health Care Equipment & Supplies)(a)		9
	126	Horizon Therapeutics PLC (Biotechnology)(a)		15
	187	Hormel Foods Corp. (Food Products)		7
	376	Host Hotels & Resorts, Inc. (Hotel & Resort REITs)		6
	212	Howmet Aerospace, Inc. (Aerospace & Defense)		10
	521	HP, Inc. (Technology Hardware, Storage & Peripherals)		13
	31	Hubbell, Inc. (Electrical Equipment)		10
	27	HubSpot, Inc. (Software)(a)		13
	71	Humana, Inc. (Health Care Providers & Services)		35
	756	Huntington Bancshares, Inc. (Banks)		8
	32	Hyatt Hotels Corp., Class - A (Hotels, Restaurants & Leisure)		3
	45	IDEX Corp. (Machinery)		9
	48	IDEXX Laboratories, Inc. (Health Care Equipment & Supplies)(a)		21
	172	Illinois Tool Works, Inc. (Machinery)		40
	114	Incyte Corp. (Biotechnology)(a)		7
	217	Ingersoll Rand, Inc. (Machinery)		14
	40	Insulet Corp. (Health Care Equipment & Supplies)(a)		6
	2,349	Intel Corp. (Semiconductors & Semiconductor Equipment)		84
	324	Intercontinental Exchange, Inc. (Capital Markets)		36
	510	International Business Machines Corp. (IT Services)		72
	140	International Flavors & Fragrances, Inc. (Chemicals)		10
	201	International Paper Co. (Containers & Packaging)		7
	157	Intuit, Inc. (Software)		80
	196	Intuitive Surgical, Inc. (Health Care Equipment & Supplies)(a)		57
	187	Invesco Ltd. (Capital Markets)		3
	349	Invitation Homes, Inc. (Residential REITs)		11
	99	IQVIA Holdings, Inc. (Life Sciences Tools & Services)(a)		19
	165	Iron Mountain, Inc. (Specialized REITs)		10
	69	Jabil, Inc. (Electronic Equipment, Instruments & Components)		9
	39	Jack Henry & Associates, Inc. (Professional Services)		6

Shares		Security Description	Value (000)
		Common Stocks (continued)
		United States (continued)
	70	Jacobs Solutions, Inc. (Professional Services)	$	10
	40	Jazz Pharmaceuticals PLC (Pharmaceuticals)(a)		5
	44	JB Hunt Transport Services, Inc. (Ground Transportation)		8
	397	Johnson Controls International PLC (Building Products)		21
	1,646	JPMorgan Chase & Co. (Banks)		239
	165	Juniper Networks, Inc. (Communications Equipment)		5
	155	Kellogg Co. (Food Products)		9
	838	Kenvue, Inc. (Personal Care Products)		17
	531	Keurig Dr. Pepper, Inc. (Beverages)		17
	555	KeyCorp (Banks)		6
	102	Keysight Technologies, Inc. (Electronic Equipment, Instruments & Components)(a)		13
	192	Kimberly-Clark Corp. (Household Products)		23
	310	Kimco Realty Corp. (Retail REITs)		5
	1,135	Kinder Morgan, Inc. (Oil, Gas & Consumable Fuels)		19
	325	KKR & Co., Inc. (Capital Markets)		20
	79	KLA Corp. (Semiconductors & Semiconductor Equipment)		36
	81	Knight-Swift Transportation Holdings, Inc. (Ground Transportation)		4
	50	Laboratory Corp. of America Holdings (Health Care Providers & Services)		10
	75	Lam Research Corp. (Semiconductors & Semiconductor Equipment)		47
	80	Lamb Weston Holdings, Inc. (Food Products)		7
	206	Las Vegas Sands Corp. (Hotels, Restaurants & Leisure)		9
	75	Lattice Semiconductor Corp. (Semiconductors & Semiconductor Equipment)(a)		6
	34	Lear Corp. (Automobile Components)		5
	147	Lennar Corp., Class - A (Household Durables)		16
	19	Lennox International, Inc. (Building Products)		7
	72	Liberty Broadband Corp., Class - C (Media)(a)		7
	114	Liberty Media Corp.-Liberty Formula One (Entertainment)(a)		7
	117	Liberty Media Corp.-Liberty SiriusXM (Media)(a)		3
	276	Linde PLC (Chemicals)		103
	93	Live Nation Entertainment, Inc. (Entertainment)(a)		8
	152	LKQ Corp. (Distributors)		8
	102	Loews Corp. (Insurance)		6
	332	Lowe's Cos., Inc. (Specialty Retail)		69
	44	LPL Financial Holdings, Inc. (Capital Markets)		10
	483	Lucid Group, Inc. (Automobile Components)^(a)		3
	147	LyondellBasell Industries N.V., Class - A (Chemicals)		14
	95	M&T Bank Corp. (Banks)		12
	35	Manhattan Associates, Inc. (Software)(a)		7

HC CAPITAL TRUST  

The Catholic SRI Growth Portfolio  

Portfolio of Investments (continued) — September 30, 2023 (Unaudited) 

Shares		Security Description	Value (000)
		Common Stocks (continued)
		United States (continued)
	351	Marathon Oil Corp. (Oil, Gas & Consumable Fuels)	$	9
	239	Marathon Petroleum Corp. (Oil, Gas & Consumable Fuels)		36
	7	Markel Group, Inc. (Insurance)(a)		10
	23	MarketAxess Holdings, Inc. (Capital Markets)		5
	143	Marriott International, Inc., Class - A (Hotels, Restaurants & Leisure)		28
	278	Marsh & McLennan Cos., Inc. (Insurance)		53
	35	Martin Marietta Materials, Inc. (Construction Materials)		14
	479	Marvell Technology, Inc. (Semiconductors & Semiconductor Equipment)		26
	131	Masco Corp. (Building Products)		7
	476	Mastercard, Inc., Class - A (Financial Services)		188
	143	Match Group, Inc. (Interactive Media & Services)(a)		6
	145	McCormick & Co., Inc./MD (Food Products)		11
	412	McDonald's Corp. (Hotels, Restaurants & Leisure)		109
	76	McKesson Corp. (Health Care Providers & Services)		33
	1,245	Meta Platforms, Inc., Class - A (Interactive Media & Services)(a)		374
	364	MetLife, Inc. (Insurance)		23
	13	Mettler-Toledo International, Inc. (Life Sciences Tools & Services)(a)		14
	141	MGM Resorts International (Hotels, Restaurants & Leisure)		5
	312	Microchip Technology, Inc. (Semiconductors & Semiconductor Equipment)		24
	616	Micron Technology, Inc. (Semiconductors & Semiconductor Equipment)		42
	3,976	Microsoft Corp. (Software)		1,256
	66	Mid-America Apartment Communities, Inc. (Residential REITs)		8
	30	Mohawk Industries, Inc. (Household Durables)(a)		3
	33	Molina Healthcare, Inc. (Health Care Providers & Services)(a)		11
	103	Molson Coors Beverage Co., Class - B (Beverages)		7
	760	Mondelez International, Inc., Class - A (Food Products)		53
	41	MongoDB, Inc. (IT Services)(a)		14
	26	Monolithic Power Systems, Inc. (Semiconductors & Semiconductor Equipment)		12
	446	Monster Beverage Corp. (Beverages)(a)		24
	93	Moody's Corp. (Capital Markets)		29
	698	Morgan Stanley (Capital Markets)		57
	95	Motorola Solutions, Inc. (Communications Equipment)		26
	46	MSCI, Inc. (Capital Markets)		24
	197	Nasdaq, Inc. (Capital Markets)		10
	118	NetApp, Inc. (Technology Hardware, Storage & Peripherals)		9
	250	Netflix, Inc. (Entertainment)(a)		94
	59	Neurocrine Biosciences, Inc. (Biotechnology)(a)		7
	450	Newmont Corp. (Metals & Mining)		17

Shares		Security Description	Value (000)
		Common Stocks (continued)
		United States (continued)
	235	News Corp., Class - A (Media)	$	5
	1,135	NextEra Energy, Inc. (Electric Utilities)		65
	688	NIKE, Inc., Class - B (Textiles, Apparel & Luxury Goods)		66
	229	NiSource, Inc. (Multi-Utilities)		6
	29	Nordson Corp. (Machinery)		6
	131	Norfolk Southern Corp. (Ground Transportation)		26
	120	Northern Trust Corp. (Capital Markets)		8
	124	NRG Energy, Inc. (Electric Utilities)		5
	140	Nucor Corp. (Metals & Mining)		22
	1,391	NVIDIA Corp. (Semiconductors & Semiconductor Equipment)		606
	2	NVR, Inc. (Household Durables)(a)		12
	377	Occidental Petroleum Corp. (Oil, Gas & Consumable Fuels)		24
	92	Okta, Inc. (IT Services)(a)		7
	55	Old Dominion Freight Line, Inc. (Ground Transportation)		23
	107	Omnicom Group, Inc. (Media)		8
	245	ON Semiconductor Corp. (Semiconductors & Semiconductor Equipment)(a)		23
	243	ONEOK, Inc. (Oil, Gas & Consumable Fuels)		15
	914	Oracle Corp. (Software)		97
	35	O'Reilly Automotive, Inc. (Specialty Retail)(a)		32
	220	Otis Worldwide Corp. (Machinery)		18
	147	Ovintiv, Inc. (Oil, Gas & Consumable Fuels)		7
	54	Owens Corning (Building Products)		7
	297	PACCAR, Inc. (Machinery)		25
	48	Packaging Corp. of America (Containers & Packaging)		7
	1,031	Palantir Technologies, Inc., Class - A (Software)(a)		16
	171	Palo Alto Networks, Inc. (Software)(a)		40
	291	Paramount Global, Class - B (Media)		4
	71	Parker-Hannifin Corp. (Machinery)		28
	183	Paychex, Inc. (Professional Services)		21
	30	Paycom Software, Inc. (Professional Services)		8
	26	Paylocity Holding Corp. (Professional Services)(a)		5
	590	PayPal Holdings, Inc. (Financial Services)(a)		34
	773	PepsiCo, Inc. (Beverages)		131
	1,066	PG&E Corp. (Electric Utilities)(a)		17
	259	Phillips 66 (Oil, Gas & Consumable Fuels)		31
	344	Pinterest, Inc., Class - A (Interactive Media & Services)(a)		9
	131	Pioneer Natural Resources Co. (Oil, Gas & Consumable Fuels)		30
	21	Pool Corp. (Distributors)		7
	133	PPG Industries, Inc. (Chemicals)		17
	402	PPL Corp. (Electric Utilities)		9
	134	Principal Financial Group, Inc. (Insurance)		10
	518	Prologis, Inc. (Industrial REITs)		58
	205	Prudential Financial, Inc. (Insurance)		19
	57	PTC, Inc. (Software)(a)		8
	288	Public Service Enterprise Group, Inc. (Multi-Utilities)		16
	91	Public Storage (Specialized REITs)		24
	131	PulteGroup, Inc. (Household Durables)		10

HC CAPITAL TRUST  

The Catholic SRI Growth Portfolio  

Portfolio of Investments (continued) — September 30, 2023 (Unaudited) 

Shares		Security Description	Value (000)
		Common Stocks (continued)
		United States (continued)
	54	Qorvo, Inc. (Semiconductors & Semiconductor Equipment)(a)	$	5
	625	QUALCOMM, Inc. (Semiconductors & Semiconductor Equipment)		69
	82	Quanta Services, Inc. (Construction & Engineering)		15
	62	Quest Diagnostics, Inc. (Health Care Providers & Services)		8
	114	Raymond James Financial, Inc. (Capital Markets)		11
	364	Realty Income Corp. (Retail REITs)		18
	95	Regency Centers Corp. (Retail REITs)		6
	559	Regions Financial Corp. (Banks)		10
	34	Reliance Steel & Aluminum Co. (Metals & Mining)		9
	29	Repligen Corp. (Life Sciences Tools & Services)(a)		5
	127	Republic Services, Inc. (Commercial Services & Supplies)		18
	79	ResMed, Inc. (Health Care Equipment & Supplies)		12
	361	Rivian Automotive, Inc., Class - A (Automobile Components)(a)		9
	59	Robert Half International, Inc. (Professional Services)		4
	282	Robinhood Markets, Inc., Class - A (Capital Markets)(a)		3
	255	ROBLOX Corp., Class - A (Entertainment)(a)		7
	65	Rockwell Automation, Inc. (Electrical Equipment)		19
	71	Roku, Inc. (Entertainment)(a)		5
	169	Rollins, Inc. (Commercial Services & Supplies)		6
	60	Roper Technologies, Inc. (Software)		29
	191	Ross Stores, Inc. (Specialty Retail)		22
	136	Royal Caribbean Cruises Ltd. (Hotels, Restaurants & Leisure)(a)		13
	207	Royalty Pharma PLC, Class - A (Pharmaceuticals)		6
	79	RPM International, Inc. (Chemicals)		7
	183	S&P Global, Inc. (Capital Markets)		67
	546	Salesforce, Inc. (Software)(a)		111
	61	SBA Communications Corp. (Specialized REITs)		12
	802	Schlumberger N.V. (Energy Equipment & Services)		47
	99	Seagate Technology Holdings PLC (Technology Hardware, Storage & Peripherals)		7
	81	Seagen, Inc. (Biotechnology)(a)		17
	75	Sealed Air Corp. (Containers & Packaging)		2
	64	SEI Investments Co. (Capital Markets)		4
	352	Sempra Energy (Multi-Utilities)		24
	95	Sensata Technologies Holding PLC (Electrical Equipment)		4
	113	ServiceNow, Inc. (Software)(a)		63
	187	Simon Property Group, Inc. (Retail REITs)		20
	400	Sirius XM Holdings, Inc. (Media)^		2
	94	Skyworks Solutions, Inc. (Semiconductors & Semiconductor Equipment)		9
	568	Snap, Inc., Class - A (Interactive Media & Services)(a)		5
	29	Snap-on, Inc. (Machinery)		7

Shares		Security Description	Value (000)
		Common Stocks (continued)
		United States (continued)
	150	Snowflake, Inc., Class - A (IT Services)(a)	$	23
	105	Southwest Airlines Co. (Passenger Airlines)		3
	87	Splunk, Inc. (Software)(a)		13
	122	SS&C Technologies Holdings, Inc. (Professional Services)		6
	91	Stanley Black & Decker, Inc. (Machinery)		8
	639	Starbucks Corp. (Hotels, Restaurants & Leisure)		58
	195	State Street Corp. (Capital Markets)		13
	93	Steel Dynamics, Inc. (Metals & Mining)		10
	55	STERIS PLC (Health Care Equipment & Supplies)		12
	193	Stryker Corp. (Health Care Equipment & Supplies)		53
	67	Sun Communities, Inc. (Residential REITs)		8
	27	Super Micro Computer, Inc. (Technology Hardware, Storage & Peripherals)(a)		7
	256	Synchrony Financial (Consumer Finance)		8
	85	Synopsys, Inc. (Software)(a)		39
	273	Sysco Corp. (Consumer Staples Distribution & Retail)		18
	129	T. Rowe Price Group, Inc. (Capital Markets)		14
	95	Take-Two Interactive Software, Inc. (Entertainment)(a)		13
	111	Targa Resources Corp. (Oil, Gas & Consumable Fuels)		10
	265	Target Corp. (Consumer Staples Distribution & Retail)		29
	162	TE Connectivity Ltd. (Electronic Equipment, Instruments & Components)		20
	26	Teledyne Technologies, Inc. (Electronic Equipment, Instruments & Components)(a)		11
	24	Teleflex, Inc. (Health Care Equipment & Supplies)		5
	94	Teradyne, Inc. (Semiconductors & Semiconductor Equipment)		9
	1,606	Tesla, Inc. (Automobile Components)(a)		402
	512	Texas Instruments, Inc. (Semiconductors & Semiconductor Equipment)		81
	3	Texas Pacific Land Corp. (Oil, Gas & Consumable Fuels)		5
	364	The AES Corp. (Independent Power and Renewable Electricity Producers)		6
	151	The Allstate Corp. (Insurance)		17
	425	The Bank of New York Mellon Corp. (Capital Markets)		18
	130	The Carlyle Group, Inc. (Capital Markets)		4
	842	The Charles Schwab Corp. (Capital Markets)		46
	167	The Cigna Group (Health Care Providers & Services)		48
	73	The Clorox Co. (Household Products)		10
	2,292	The Coca-Cola Co. (Beverages)		128
	127	The Estee Lauder Cos., Inc. (Personal Care Products)		18
	186	The Goldman Sachs Group, Inc. (Capital Markets)		60
	166	The Hartford Financial Services Group, Inc. (Insurance)		12
	81	The Hershey Co. (Food Products)		16
	568	The Home Depot, Inc. (Specialty Retail)		172
	236	The Interpublic Group of Cos., Inc. (Media)		7

HC CAPITAL TRUST  

The Catholic SRI Growth Portfolio  

Portfolio of Investments (continued) — September 30, 2023 (Unaudited) 

Shares		Security Description	Value (000)
		Common Stocks (continued)
		United States (continued)
	53	The J.M. Smucker Co. (Food Products)	$	7
	490	The Kraft Heinz Co. (Food Products)		16
	397	The Kroger Co. (Consumer Staples Distribution & Retail)		18
	186	The Mosaic Co. (Chemicals)		7
	225	The PNC Financial Services Group, Inc. (Banks)		28
	330	The Progressive Corp. (Insurance)		46
	137	The Sherwin-Williams Co. (Chemicals)		35
	616	The Southern Co. (Electric Utilities)		40
	651	The TJX Cos., Inc. (Specialty Retail)		58
	62	The Toro Co. (Machinery)		5
	255	The Trade Desk, Inc., Class - A (Media)(a)		20
	127	The Travelers Cos., Inc. (Insurance)		21
	1,020	The Walt Disney Co. (Entertainment)(a)		83
	691	The Williams Cos., Inc. (Oil, Gas & Consumable Fuels)		23
	302	T-Mobile US, Inc. (Wireless Telecommunication Services)		42
	200	Toast, Inc., Class - A (Financial Services)(a)		4
	62	Tractor Supply Co. (Specialty Retail)		13
	65	Tradeweb Markets, Inc., Class - A (Capital Markets)		5
	31	TransDigm Group, Inc. (Aerospace & Defense)(a)		26
	116	TransUnion (Professional Services)		8
	143	Trimble, Inc. (Electronic Equipment, Instruments & Components)(a)		8
	788	Truist Financial Corp. (Banks)		23
	93	Twilio, Inc., Class - A (IT Services)(a)		5
	23	Tyler Technologies, Inc. (Software)(a)		9
	153	Tyson Foods, Inc., Class - A (Food Products)		8
	847	U.S. Bancorp (Banks)		28
	1,019	Uber Technologies, Inc. (Ground Transportation)(a)		47
	175	UDR, Inc. (Residential REITs)		6
	45	U-Haul Holding Co. (Ground Transportation)		2
	184	UiPath, Inc., Class - A (Software)(a)		3
	30	Ulta Beauty, Inc. (Specialty Retail)(a)		12
	342	Union Pacific Corp. (Ground Transportation)		70
	403	United Parcel Service, Inc., Class - B (Air Freight & Logistics)		63
	39	United Rentals, Inc. (Trading Companies & Distributors)		17
	27	United Therapeutics Corp. (Biotechnology)(a)		6
	525	UnitedHealth Group, Inc. (Health Care Providers & Services)		265
	142	Unity Software, Inc. (Software)(a)		4
	34	Universal Health Services, Inc., Class - B (Health Care Providers & Services)		4
	208	V.F. Corp. (Textiles, Apparel & Luxury Goods)		4
	25	Vail Resorts, Inc. (Hotels, Restaurants & Leisure)		6
	203	Valero Energy Corp. (Oil, Gas & Consumable Fuels)		29
	85	Veeva Systems, Inc., Class - A (Health Care Technology)(a)		17
	229	Ventas, Inc. (Health Care REITs)		10
	54	VeriSign, Inc. (IT Services)(a)		11

Shares		Security Description	Value (000)
		Common Stocks (continued)
		United States (continued)
	83	Verisk Analytics, Inc. (Professional Services)	$	20
	2,354	Verizon Communications, Inc. (Diversified Telecommunication Services)		76
	561	VICI Properties, Inc. (Specialized REITs)		16
	910	Visa, Inc., Class - A (Financial Services)		209
	181	Vistra Corp. (Independent Power and Renewable Electricity Producers)		6
	132	VMware, Inc., Class - A (Software)(a)		22
	75	Vulcan Materials Co. (Construction Materials)		15
	125	W.R. Berkley Corp. (Insurance)		8
	26	W.W. Grainger, Inc. (Trading Companies & Distributors)		18
	415	Walgreens Boots Alliance, Inc. (Consumer Staples Distribution & Retail)		9
	834	Walmart, Inc. (Consumer Staples Distribution & Retail)		133
	1,278	Warner Bros. Discovery, Inc. (Entertainment)(a)		14
	229	Waste Management, Inc. (Commercial Services & Supplies)		35
	32	Waters Corp. (Life Sciences Tools & Services)(a)		9
	20	Watsco, Inc. (Trading Companies & Distributors)		8
	93	Webster Financial Corp. (Banks)		4
	181	WEC Energy Group, Inc. (Multi-Utilities)		15
	2,066	Wells Fargo & Co. (Banks)		84
	277	Welltower, Inc. (Health Care REITs)		23
	41	West Pharmaceutical Services, Inc. (Life Sciences Tools & Services)		15
	183	Western Digital Corp. (Technology Hardware, Storage & Peripherals)(a)		8
	108	Westinghouse Air Brake Technologies Corp. (Machinery)		11
	19	Westlake Corp. (Chemicals)		2
	137	Westrock Co. (Containers & Packaging)		5
	418	Weyerhaeuser Co. (Specialized REITs)		13
	31	Whirlpool Corp. (Household Durables)		4
	66	Wolfspeed, Inc. (Semiconductors & Semiconductor Equipment)(a)		3
	113	Workday, Inc., Class - A (Software)(a)		24
	123	WP Carey, Inc. (Diversified REITs)		7
	55	Wynn Resorts Ltd. (Hotels, Restaurants & Leisure)		5
	306	Xcel Energy, Inc. (Electric Utilities)		18
	138	Xylem, Inc. (Machinery)		13
	164	Yum! Brands, Inc. (Hotels, Restaurants & Leisure)		20
	30	Zebra Technologies Corp. (Electronic Equipment, Instruments & Components)(a)		7
	80	Zillow Group, Inc., Class - C (Real Estate Management & Development)(a)		4
	122	Zimmer Biomet Holdings, Inc. (Health Care Equipment & Supplies)		14
	258	Zoetis, Inc. (Pharmaceuticals)		45
	129	Zoom Video Communications, Inc., Class - A (Software)(a)		9
	144	ZoomInfo Technologies, Inc. (Interactive Media & Services)(a)		2
	47	Zscaler, Inc. (Software)(a)		7
				18,573

HC CAPITAL TRUST  

The Catholic SRI Growth Portfolio  

Portfolio of Investments (concluded) — September 30, 2023 (Unaudited) 

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Uruguay — 0.12%
	25	MercadoLibre, Inc. (Broadline Retail)(a)	$	32
		Total Common Stocks		26,972
		Warrant — 0.00%
		Canada — 0.00%
	12	Constellation Software, Inc., 3/31/40 (Software)(a)(c)		—
		Total Warrant		—
		Investment Companies — 0.14%
	24,181	Federated Hermes Treasury Obligations Fund, Institutional Shares, 4.99%^^(d)		24
	14,754	State Street Institutional Treasury Plus Money Market Fund, Trust Class, 5.23%(d)		15
		Total Investment Companies		39
		Total Investments (cost $18,582) — 99.77%		27,011
		Other assets in excess of liabilities — 0.23%		62
		Net Assets - 100.00%	$	27,073

Amounts designated as "—" are $0 or have been rounded to $0.

^	All or part of this security was on loan as of September 30, 2023.
^^	Purchased with cash collateral held from securities lending. The value of the collateral could include collateral held for securities that were sold on or before September 30, 2023.
(a)	Represents non-income producing security.
(b)	Represents a security purchased under Rule 144A or Section 4(2) and is exempt from registration under the Securities Act of 1933, as amended, or is otherwise restricted to resale. Certain of these securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. These securities have been deemed liquid by the Specialist Manager.
(c)	Security was valued using significant unobservable inputs as of September 30, 2023.
(d)	Annualized 7-day yield as of period-end.

ADR—American Depositary Receipt

REIT—Real Estate Investment Trust

As of September 30, 2023, 100% of the Portfolio’s net assets were managed by Mellon Investments Corporation.

HC CAPITAL TRUST 

The International Equity Portfolio 

Portfolio of Investments — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks — 87.71%
		Australia — 5.46%
	15,521	Ampol Ltd. (Oil, Gas & Consumable Fuels)	$	335
	153,655	ANZ Group Holdings Ltd. (Banks)		2,520
	35,958	APA Group (Gas Utilities)		191
	21,823	Aristocrat Leisure Ltd. (Hotels, Restaurants & Leisure)		570
	82,839	Bendigo & Adelaide Bank Ltd. (Banks)		472
	85,014	BHP Group Ltd. (Metals & Mining)		2,413
	70,201	BHP Group Ltd. (Metals & Mining)		1,972
	43,919	Commonwealth Bank of Australia (Banks)		2,805
	53,824	Fortescue Metals Group Ltd. (Metals & Mining)		715
	68,557	Goodman Group (Industrial REITs)		939
	7,899	Macquarie Group Ltd. (Capital Markets)		846
	104,574	Medibank Pvt. Ltd. (Insurance)		231
	174,147	National Australia Bank Ltd. (Banks)		3,231
	41,245	Qantas Airways Ltd. (Passenger Airlines)(a)		137
	55,092	QBE Insurance Group Ltd. (Insurance)		552
	16,336	Rio Tinto Ltd. (Metals & Mining)		1,178
	150,128	Santos Ltd. (Oil, Gas & Consumable Fuels)(b)		757
	205,252	Scentre Group (Retail REITs)		322
	90,538	Stockland (Diversified REITs)		227
	18,427	Suncorp Group Ltd. (Insurance)		164
	562,458	Tabcorp Holdings Ltd. (Hotels, Restaurants & Leisure)		339
	562,458	The Lottery Corp. Ltd. (Hotels, Restaurants & Leisure)		1,699
	44,996	Treasury Wine Estates Ltd. (Beverages)		355
	63,839	Wesfarmers Ltd. (Broadline Retail)		2,160
	148,167	Westpac Banking Corp. (Banks)		2,002
	28,099	Woodside Energy Group Ltd. (Oil, Gas & Consumable Fuels)		653
	35,740	Worley Ltd. (Energy Equipment & Services)		397
				28,182
		Austria — 0.20%
	23,927	Erste Group Bank AG (Banks)(b)		826
	4,792	OMV AG (Oil, Gas & Consumable Fuels)		229
				1,055
		Belgium — 0.50%
	40,660	Anheuser-Busch InBev SA/N.V. (Beverages)		2,254
	4,129	Groupe Bruxelles Lambert N.V. (Financial Services)		307
				2,561
		Canada — 9.44%
	30,089	Air Canada (Passenger Airlines)(a)		429
	166,444	Algonquin Power & Utilities Corp. (Multi-Utilities)		985
	50,883	Alimentation Couche-Tard, Inc. (Consumer Staples Distribution & Retail)		2,584
	8,987	AltaGas Ltd. (Gas Utilities)		172
	45,514	Bank of Montreal (Banks)		3,839
	9,632	CAE, Inc. (Aerospace & Defense)(a)		225
	31,854	Cameco Corp. (Oil, Gas & Consumable Fuels)		1,264
	55,707	Canadian Natural Resources Ltd. (Oil, Gas & Consumable Fuels)		3,603
	3,130	Canadian Pacific Kansas City Ltd. (Ground Transportation)		233
	11,085	Canadian Tire Corp. Ltd., Class - A (Broadline Retail)		1,192
	3,259	CCL Industries, Inc., Class - B (Containers & Packaging)(b)		137
	125,033	Cenovus Energy, Inc. (Oil, Gas & Consumable Fuels)		2,604

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Canada (continued)
	835	Constellation Software, Inc. (Software)	$	1,724
	11,192	Dollarama, Inc. (Broadline Retail)		771
	21,559	Enbridge, Inc. (Oil, Gas & Consumable Fuels)		715
	1,023	Fairfax Financial Holdings Ltd. (Insurance)		835
	17,917	First Quantum Minerals Ltd. (Metals & Mining)		423
	7,691	Franco-Nevada Corp. (Metals & Mining)		1,027
	24,142	GFL Environmental, Inc. (Commercial Services & Supplies)		767
	64,358	Great-West Lifeco, Inc. (Insurance)		1,842
	27,914	H&R Real Estate Investment Trust (Diversified REITs)		190
	12,464	Hydro One Ltd. (Electric Utilities)(b)		317
	5,430	Intact Financial Corp. (Insurance)(b)		792
	56,358	Keyera Corp. (Oil, Gas & Consumable Fuels)		1,323
	2,505	Lumine Group, Inc. (Software)(a)		37
	28,660	Magna International, Inc. (Automobile Components)		1,536
	8,370	Manulife Financial Corp. (Insurance)		153
	15,818	Methanex Corp. (Chemicals)		713
	18,402	National Bank of Canada (Banks)		1,223
	3,339	Nutrien Ltd. (Chemicals)		206
	1,984	Onex Corp. (Financial Services)		117
	7,732	Pembina Pipeline Corp. (Oil, Gas & Consumable Fuels)		233
	66,482	Power Corp. of Canada (Insurance)		1,693
	6,978	Primaris Real Estate Investment Trust (Retail REITs)		69
	4,162	RB Global, Inc. (Commercial Services & Supplies)		261
	1,726	Restaurant Brands International, Inc. (Hotels, Restaurants & Leisure)		115
	67,963	RioCan Real Estate Investment Trust (Diversified REITs)		904
	2,933	Rogers Communications, Inc., Class - B (Wireless Telecommunication Services)		113
	12,373	Royal Bank of Canada (Banks)		1,081
	52,851	Shopify, Inc., Class - A (IT Services)(a)		2,885
	52,951	Sun Life Financial, Inc. (Insurance)		2,584
	5,745	Suncor Energy, Inc. (Oil, Gas & Consumable Fuels)		198
	18,439	Teck Resources Ltd., Class - B (Metals & Mining)		794
	72,937	TELUS Corp. (Diversified Telecommunication Services)		1,191
	12,498	The Toronto-Dominion Bank (Banks)		753
	22,457	Thomson Reuters Corp. (Professional Services)		2,748
	28,308	Wheaton Precious Metals Corp. (Metals & Mining)		1,149
				48,749
		Denmark — 2.85%
	2,246	DSV A/S (Air Freight & Logistics)		419
	7,565	Genmab A/S (Biotechnology)(a)(b)		2,679
	127,453	Novo Nordisk A/S, Class - B (Pharmaceuticals)		11,606
				14,704
		Finland — 1.02%
	8,545	Fortum Oyj (Electric Utilities)		99
	231,473	Nokia Oyj (Communications Equipment)		870
	278,699	Nordea Bank Abp (Banks)		3,057
	3,545	Orion Oyj, Class - B (Pharmaceuticals)		139
	4,385	Sampo Oyj, A Shares (Insurance)		190

HC CAPITAL TRUST 

The International Equity Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Finland (continued)
	44,232	Stora Enso Oyj, Registered Shares (Paper & Forest Products)	$	554
	10,204	UPM-Kymmene Oyj (Paper & Forest Products)		349
				5,258
		France — 9.48%
	2,427	Aeroports de Paris (Transportation Infrastructure)		286
	21,951	Air Liquide SA (Chemicals)		3,697
	23,149	Airbus SE (Aerospace & Defense)		3,098
	47,723	AXA SA (Insurance)		1,416
	1,813	BioMerieux (Health Care Equipment & Supplies)		175
	46,563	BNP Paribas SA (Banks)		2,960
	4,957	Bouygues SA (Construction & Engineering)		173
	1,044	Capgemini SE (IT Services)		182
	7,205	Carrefour SA (Consumer Staples Distribution & Retail)(b)		124
	3,697	Cie de Saint-Gobain (Building Products)		221
	99,973	Credit Agricole SA (Banks)		1,229
	19,644	Dassault Systemes SE (Software)		730
	1,749	Eiffage SA (Construction & Engineering)(b)		166
	25,532	Engie SA (Multi-Utilities)		392
	18,607	EssilorLuxottica SA (Health Care Equipment & Supplies)		3,236
	2,933	Eurazeo SE (Financial Services)		175
	1,743	Euroapi SA (Pharmaceuticals)(a)		22
	1,233	Gecina SA (Office REITs)(b)		126
	2,454	Hermes International SCA (Textiles, Apparel & Luxury Goods)		4,473
	10,109	L'Oreal SA (Personal Care Products)		4,189
	5,264	LVMH Moet Hennessy Louis Vuitton SE (Textiles, Apparel & Luxury Goods)		3,973
	8,063	Pernod Ricard SA (Beverages)		1,342
	8,075	Publicis Groupe SA (Media)		611
	7,261	Renault SA (Automobile Components)		297
	40,016	Sanofi (Pharmaceuticals)		4,296
	34,976	Schneider Electric SE (Electrical Equipment)(b)		5,762
	100,509	Societe Generale SA (Banks)		2,432
	4,176	Thales SA (Aerospace & Defense)		587
	26,862	TotalEnergies SE (Oil, Gas & Consumable Fuels)		1,766
	7,086	Unibail-Rodamco-Westfield (Retail REITs)(a)		348
	15,933	Veolia Environnement SA (Multi-Utilities)		460
				48,944
		Germany — 6.36%
	13,053	adidas AG (Textiles, Apparel & Luxury Goods)		2,289
	10,077	Allianz SE, Registered Shares (Insurance)		2,398
	1,793	Bayerische Motoren Werke AG (Automobile Components)		182
	1,065	Beiersdorf AG (Personal Care Products)		137
	33,975	Commerzbank AG (Banks)		386
	2,692	Covestro AG (Chemicals)(a)(b)		145
	1,439	Daimler Truck Holding AG (Machinery)		50
	113,622	Deutsche Bank AG, Registered Shares (Capital Markets)		1,249
	21,575	Deutsche Boerse AG (Capital Markets)		3,725
	128,506	Deutsche Telekom AG (Diversified Telecommunication Services)(b)		2,695
	69,579	DHL Group (Air Freight & Logistics)		2,823
	6,746	Fraport AG Frankfurt Airport Services Worldwide (Transportation Infrastructure)(a)		357

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Germany (continued)
	6,983	GEA Group AG (Machinery)	$	257
	1,115	Hannover Rueck SE (Insurance)		245
	82,230	Infineon Technologies AG (Semiconductors & Semiconductor Equipment)(b)		2,723
	2,540	Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen, Registered Shares (Insurance)		989
	18,514	RWE AG (Independent Power and Renewable Electricity Producers)		687
	42,196	SAP SE (Software)		5,461
	1,461	Sartorius AG, Preference Shares (Life Sciences Tools & Services)		495
	28,228	Siemens AG, Registered Shares (Industrial Conglomerates)		4,033
	8,525	Symrise AG (Chemicals)(b)		811
	6,109	Volkswagen AG, Preference Shares (Automobile Components)		702
				32,839
		Hong Kong — 1.57%
	483,480	AIA Group Ltd. (Insurance)		3,909
	75,055	BOC Hong Kong Holdings Ltd. (Banks)		205
	334,000	China Common Rich Renewable Energy Investment Ltd. (Independent Power and Renewable Electricity Producers)(a)(c)		—
	189,000	CK Asset Holdings Ltd. (Real Estate Management & Development)		993
	14,500	CLP Holdings Ltd. (Electric Utilities)		107
	73,000	Galaxy Entertainment Group Ltd. (Hotels, Restaurants & Leisure)		437
	15,506	Hang Seng Bank Ltd. (Banks)		192
	9,100	Jardine Matheson Holdings Ltd. (Industrial Conglomerates)		422
	225,917	Link REIT (Retail REITs)		1,105
	14,472	Pacific Century Premium Developments Ltd. (Real Estate Management & Development)(a)		1
	121,391	PCCW Ltd. (Diversified Telecommunication Services)		55
	24,000	Swire Pacific Ltd., Class - A (Real Estate Management & Development)		162
	52,000	Techtronic Industries Co. Ltd. (Machinery)		502
				8,090
		Ireland (Republic of) — 1.24%
	8,728	AerCap Holdings N.V. (Trading Companies & Distributors)(a)		547
	332,317	Bank of Ireland Group PLC (Banks)		3,248
	24,053	CRH PLC (Construction Materials)		1,326
	25,494	Experian PLC (Professional Services)		834
	16,821	James Hardie Industries PLC (Construction Materials)(a)		440
				6,395
		Israel — 0.30%
	862	CyberArk Software Ltd. (Software)(a)		141
	7,198	Nice Ltd., ADR (Software)(a)		1,223
	1,228	Nice Ltd. (Software)(a)		210
				1,574
		Italy — 1.43%
	3,755	Amplifon SpA (Health Care Providers & Services)		111
	69,888	Assicurazioni Generali SpA (Insurance)		1,426
	47,935	Enel SpA (Electric Utilities)		294
	1,561	Ferrari N.V. (Automobiles)		460
	157,139	Intesa Sanpaolo SpA (Banks)(b)		402
	7,820	Iveco Group N.V. (Machinery)(a)		73

HC CAPITAL TRUST 

The International Equity Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Italy (continued)
	168,665	Mediobanca Banca di Credito Finanziario SpA (Banks)	$	2,224
	7,356	Moncler SpA (Textiles, Apparel & Luxury Goods)		426
	10,481	Poste Italiane SpA (Insurance)(b)		110
	110,979	Snam SpA (Gas Utilities)		521
	180,455	Terna - Rete Elettrica Nazionale (Electric Utilities)		1,357
				7,404
		Japan — 17.81%
	8,800	Advantest Corp. (Semiconductors & Semiconductor Equipment)(b)		245
	19,900	Aeon Co. Ltd. (Consumer Staples Distribution & Retail)		394
	6,845	AGC, Inc. (Building Products)		240
	4,500	Aisin Corp. (Automobile Components)		170
	27,300	Ajinomoto Co., Inc. (Food Products)		1,053
	15,300	Amada Co. Ltd. (Machinery)		154
	5,100	ANA Holdings, Inc. (Passenger Airlines)(a)(b)		107
	16,500	Asahi Group Holdings Ltd. (Beverages)(b)		616
	5,900	Asahi Intecc Co. Ltd. (Health Care Equipment & Supplies)		106
	103,600	Astellas Pharma, Inc. (Pharmaceuticals)		1,434
	3,900	Azbil Corp. (Electronic Equipment, Instruments & Components)		119
	21,100	Bandai Namco Holdings, Inc. (Leisure Products)		429
	15,200	Bridgestone Corp. (Automobile Components)		592
	38,300	Canon, Inc. (Technology Hardware, Storage & Peripherals)		923
	4,300	Capcom Co. Ltd. (Entertainment)		155
	4,500	Central Japan Railway Co. (Ground Transportation)		109
	11,800	Chubu Electric Power Co., Inc. (Electric Utilities)		150
	293,700	Concordia Financial Group Ltd. (Banks)		1,338
	13,388	Dai Nippon Printing Co. Ltd. (Commercial Services & Supplies)		348
	58,800	Daifuku Co. Ltd. (Machinery)		1,110
	40,900	Dai-ichi Life Holdings, Inc. (Insurance)		844
	1,979	Daito Trust Construction Co. Ltd. (Real Estate Management & Development)		208
	15,550	Daiwa House Industry Co. Ltd. (Real Estate Management & Development)		417
	12,000	Denso Corp. (Automobile Components)		193
	4,800	Dentsu Group, Inc. (Media)		141
	7,700	Eisai Co. Ltd. (Pharmaceuticals)		427
	30,000	ENEOS Holdings, Inc. (Oil, Gas & Consumable Fuels)		118
	3,900	Fuji Electric Co. Ltd. (Electrical Equipment)		176
	8,400	FUJIFILM Holdings Corp. (Technology Hardware, Storage & Peripherals)		486
	10,900	Fujitsu Ltd. (IT Services)(b)		1,282
	37,100	Hitachi Ltd. (Industrial Conglomerates)		2,300
	48,300	Honda Motor Co. Ltd. (Automobile Components)		543
	3,600	Hoshizaki Corp. (Machinery)		125
	20,700	Hoya Corp. (Health Care Equipment & Supplies)		2,120
	8,800	Iida Group Holdings Co. Ltd. (Household Durables)		146
	39,100	Inpex Corp. (Oil, Gas & Consumable Fuels)		587
	22,100	Isetan Mitsukoshi Holdings Ltd. (Broadline Retail)		256

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Japan (continued)
	21,000	Isuzu Motors Ltd. (Automobile Components)	$	264
	92,317	ITOCHU Corp. (Trading Companies & Distributors)		3,334
	24,200	Japan Airlines Co. Ltd. (Passenger Airlines)(b)		470
	70,600	Japan Exchange Group, Inc. (Capital Markets)		1,308
	8,300	Japan Post Insurance Co. Ltd. (Insurance)(b)		140
	5,554	JSR Corp. (Chemicals)		149
	9,200	Kawasaki Heavy Industries Ltd. (Machinery)		223
	101,200	KDDI Corp. (Wireless Telecommunication Services)		3,098
	33,900	Keio Corp. (Ground Transportation)		1,166
	6,500	Keyence Corp. (Electronic Equipment, Instruments & Components)		2,404
	4,400	Kikkoman Corp. (Food Products)		231
	8,145	Komatsu Ltd. (Machinery)		220
	12,300	Kose Corp. (Personal Care Products)		892
	6,000	Lasertec Corp. (Semiconductors & Semiconductor Equipment)		933
	22,200	Makita Corp. (Machinery)		548
	63,300	Marubeni Corp. (Trading Companies & Distributors)		987
	43,300	Mazda Motor Corp. (Automobile Components)		492
	6,700	MEIJI Holdings Co. Ltd. (Food Products)		167
	57,145	Mitsubishi Corp. (Trading Companies & Distributors)		2,723
	34,200	Mitsubishi Estate Co. Ltd. (Real Estate Management & Development)		446
	9,700	Mitsubishi Heavy Industries Ltd. (Machinery)		541
	432,200	Mitsubishi UFJ Financial Group, Inc. (Banks)		3,662
	131,788	Mitsui & Co. Ltd. (Trading Companies & Distributors)		4,780
	36,100	Mitsui Fudosan Co. Ltd. (Real Estate Management & Development)		795
	16,600	Mitsui O.S.K. Lines Ltd. (Marine Transportation)		456
	109,800	Murata Manufacturing Co. Ltd. (Electronic Equipment, Instruments & Components)		2,003
	14,700	NEC Corp. (IT Services)		812
	20,600	Nexon Co. Ltd. (Entertainment)		368
	19,200	Nikon Corp. (Household Durables)		202
	2,800	NIPPON EXPRESS HOLDINGS, INC. (Air Freight & Logistics)		146
	6,300	Nippon Sanso Holdings Corp. (Chemicals)		149
	35,500	Nippon Shinyaku Co. Ltd. (Pharmaceuticals)		1,499
	30,800	Nippon Steel Corp. (Metals & Mining)(b)		722
	910,000	Nippon Telegraph & Telephone Corp. (Diversified Telecommunication Services)		1,077
	70,600	Nissan Motor Co. Ltd. (Automobile Components)		312
	8,800	Nisshin Seifun Group, Inc. (Food Products)		112
	4,600	Nomura Real Estate Holdings, Inc. (Real Estate Management & Development)		116
	129	Nomura Real Estate Master Fund, Inc. (Diversified REITs)		145
	17,800	Nomura Research Institute Ltd. (IT Services)		463
	2,400	Obic Co. Ltd. (IT Services)		364

HC CAPITAL TRUST 

The International Equity Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Japan (continued)
	89,200	Odakyu Electric Railway Co. Ltd. (Ground Transportation)	$	1,333
	10,400	Omron Corp. (Electronic Equipment, Instruments & Components)		463
	10,800	ORIX Corp. (Financial Services)		202
	28,800	Otsuka Holdings Co. Ltd. (Pharmaceuticals)		1,023
	12,700	Pan Pacific International Holdings Corp. (Broadline Retail)		267
	156,600	Panasonic Holdings Corp. (Household Durables)		1,768
	243,800	Rakuten Group, Inc. (Broadline Retail)(b)		1,002
	43,800	Recruit Holdings Co. Ltd. (Professional Services)		1,340
	22,400	Rohm Co. Ltd. (Semiconductors & Semiconductor Equipment)		421
	19,600	SBI Holdings, Inc. (Capital Markets)		413
	35,552	Sekisui House Ltd. (Household Durables)		708
	46,500	Shin-Etsu Chemical Co. Ltd. (Chemicals)		1,351
	12,800	Sompo Holdings, Inc. (Insurance)		549
	7,100	Sony Group Corp. (Household Durables)		581
	23,900	Subaru Corp. (Automobile Components)		465
	14,148	Sumitomo Mitsui Financial Group, Inc. (Banks)		695
	4,800	Sumitomo Realty & Development Co. Ltd. (Real Estate Management & Development)		125
	3,000	Suzuki Motor Corp. (Automobile Components)		121
	8,500	T&D Holdings, Inc. (Insurance)		140
	25,000	Takeda Pharmaceutical Co. Ltd. (Pharmaceuticals)		775
	8,700	Terumo Corp. (Health Care Equipment & Supplies)		230
	2,900	The Bank of Kyoto Ltd. (Banks)		163
	22,400	The Chiba Bank Ltd. (Banks)		163
	29,700	Tokio Marine Holdings, Inc. (Insurance)		688
	80,800	Tokyo Electric Power Co. Holdings, Inc. (Electric Utilities)(a)		360
	26,400	Tokyo Electron Ltd. (Semiconductors & Semiconductor Equipment)		3,607
	25,700	Tokyu Fudosan Holdings Corp. (Real Estate Management & Development)		158
	14,700	Toshiba Corp. (Industrial Conglomerates)(a)		453
	17,900	Toyota Industries Corp. (Machinery)		1,409
	485,000	Toyota Motor Corp. (Automobile Components)		8,701
	6,770	Toyota Tsusho Corp. (Trading Companies & Distributors)		398
	6,427	Trend Micro, Inc. (Software)		243
	46,400	Unicharm Corp. (Household Products)		1,641
	7,500	West Japan Railway Co. (Ground Transportation)(b)		310
	3,400	Yakult Honsha Co. Ltd. (Food Products)		83
	8,700	Yamato Holdings Co. Ltd. (Air Freight & Logistics)		142
	72,900	Z Holdings Corp. (Interactive Media & Services)		202
	5,700	ZOZO, Inc. (Specialty Retail)(b)		104
				91,877
		Luxembourg — 0.43%
	27,423	ArcelorMittal SA (Metals & Mining)		686
	96,377	Tenaris SA (Energy Equipment & Services)		1,523
				2,209
		Netherlands — 3.71%
	57,506	ABN AMRO Bank N.V. (Banks)(b)		813
	73,595	Aegon Ltd. (Insurance)		355
	24,788	Akzo Nobel N.V. (Chemicals)		1,787
	728	Argenx SE (Biotechnology)(a)		356
	10,915	ASML Holding N.V. (Semiconductors & Semiconductor Equipment)(b)		6,424

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Netherlands (continued)
	15,440	DSM BV (Chemicals)	$	1,525
	4,144	EXOR N.V. (Financial Services)		366
	14,622	ING Groep N.V. (Banks)		193
	61,918	Koninklijke Ahold Delhaize N.V. (Consumer Staples Distribution & Retail)		1,866
	78,125	Prosus N.V. (Broadline Retail)(a)(b)		2,301
	87,671	Stellantis N.V. (Automobile Components)		1,679
	1,552	Topicus.com, Inc. (Software)(a)		103
	11,488	Wolters Kluwer N.V. (Professional Services)		1,391
				19,159
		New Zealand — 0.08%
	55,967	Auckland International Airport Ltd. (Transportation Infrastructure)		265
	57,025	Spark New Zealand Ltd. (Diversified Telecommunication Services)		164
				429
		Norway — 0.78%
	11,596	DNB Bank ASA (Banks)		233
	105,375	Equinor ASA (Oil, Gas & Consumable Fuels)		3,454
	20,518	Mowi ASA (Food Products)(b)		363
				4,050
		Portugal — 0.27%
	338,113	EDP - Energias de Portugal SA (Electric Utilities)		1,406
		Singapore — 0.83%
	232,772	CapitaLand Ascendas REIT (Industrial REITs)		467
	3,306	CapitaLand Ascott Trust (Hotel & Resort REITs)		2
	175,970	CapitaLand Integrated Commercial Trust (Retail REITs)		238
	58,000	CapitaLand Investment Ltd. (Real Estate Management & Development)		131
	57,800	DBS Group Holdings Ltd. (Banks)		1,420
	14,500	Oversea-Chinese Banking Corp. Ltd. (Banks)		136
	58,700	Singapore Airlines Ltd. (Passenger Airlines)(b)		277
	18,700	Singapore Exchange Ltd. (Capital Markets)		133
	67,900	Singapore Telecommunications Ltd. (Diversified Telecommunication Services)		120
	6,600	United Overseas Bank Ltd. (Banks)		137
	457,800	Wilmar International Ltd. (Food Products)		1,246
				4,307
		South Africa — 0.01%
	4,663	Thungela Resources Ltd. (Oil, Gas & Consumable Fuels)		43
		South Korea — 0.04%
	4,504	Samsung Electronics Co. Ltd. (Technology Hardware, Storage & Peripherals)		228
		Spain — 1.90%
	4,412	ACS Actividades de Construccion y Servicios SA (Construction & Engineering)		159
	1,451	Aena SME SA (Transportation Infrastructure)(b)		218

HC CAPITAL TRUST 

The International Equity Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Spain (continued)
	10,177	Amadeus IT Group SA (Professional Services)	$	615
	620,640	Banco Bilbao Vizcaya Argentaria SA (Banks)		5,021
	28,433	Bankinter SA (Banks)		181
	62,673	CaixaBank SA (Banks)		250
	246,056	Iberdrola SA (Electric Utilities)		2,752
	11,872	Naturgy Energy Group SA (Gas Utilities)		323
	17,963	Repsol SA (Oil, Gas & Consumable Fuels)		295
				9,814
		Sweden — 1.64%
	1,283	Alleima AB (Metals & Mining)		7
	10,590	Assa Abloy AB, Class – B (Building Products)		230
	90,968	Atlas Copco AB, Class - A (Machinery)		1,222
	59,272	Atlas Copco AB, Class - B (Machinery)		693
	24,108	L E Lundbergforetagen AB, Class - B (Financial Services)		1,006
	5,141	Sagax AB, Class - B (Real Estate Management & Development)		98
	11,977	Securitas AB, Class - B (Commercial Services & Supplies)		95
	51,934	Skandinaviska Enskilda Banken AB, Class - A (Banks)		619
	32,522	Swedbank AB, Class - A (Banks)		598
	134,852	Tele2 AB, B shares (Wireless Telecommunication Services)		1,032
	221,609	Telia Co. AB (Diversified Telecommunication Services)(b)		457
	117,701	Volvo AB, Class - B (Machinery)		2,425
				8,482
		Switzerland — 8.49%
	135,931	ABB Ltd., Registered Shares (Electrical Equipment)		4,853
	6,796	Accelleron Industries AG (Electrical Equipment)		176
	8,475	Alcon, Inc. (Health Care Equipment & Supplies)		654
	1,838	Baloise Holding AG, Registered Shares (Insurance)		266
	44	Chocoladefabriken Lindt & Spruengli AG, Class - PC (Food Products)		489
	19,821	Cie Financiere Richemont SA, Registered Shares (Textiles, Apparel & Luxury Goods)		2,415
	13,970	Coca-Cola HBC AG (Beverages)		382
	761	EMS-Chemie Holding AG (Chemicals)		516
	387,007	Glencore PLC (Metals & Mining)(b)		2,203
	5,080	Kuehne + Nagel International AG, Registered Shares (Marine Transportation)		1,444
	4,844	Logitech International SA, Registered Shares (Technology Hardware, Storage & Peripherals)		333
	4,467	Lonza Group AG, Registered Shares (Life Sciences Tools & Services)(b)		2,067
	8,432	Medacta Group SA (Health Care Equipment & Supplies)(b)		1,065
	77,294	Nestle SA, Registered Shares (Food Products)		8,752
	67,717	Novartis AG, Registered Shares (Pharmaceuticals)		6,918
	441	Partners Group Holding AG (Capital Markets)		495
	12,047	Roche Holding AG (Pharmaceuticals)		3,290

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Switzerland (continued)
	2,775	SGS SA, Registered Shares (Professional Services)(b)	$	233
	491	Sonova Holding AG (Health Care Equipment & Supplies)(b)		116
	1,212	Swisscom AG, Registered Shares (Diversified Telecommunication Services)		720
	1,098	The Swatch Group AG (Textiles, Apparel & Luxury Goods)		281
	191,523	UBS Group AG (Capital Markets)		4,719
	3,139	Zurich Insurance Group AG (Insurance)		1,437
				43,824
		United Kingdom — 11.27%
	38,163	3i Group PLC (Capital Markets)		960
	5,633	Admiral Group PLC (Insurance)		163
	46,639	Anglo American PLC (Metals & Mining)		1,280
	17,119	Ashtead Group PLC (Trading Companies & Distributors)		1,038
	53,176	AstraZeneca PLC (Pharmaceuticals)(b)		7,170
	31,506	Auto Trader Group PLC (Interactive Media & Services)(b)		237
	221,258	Aviva PLC (Insurance)		1,047
	121,738	BAE Systems PLC (Aerospace & Defense)		1,479
	274,792	Barclays PLC (Banks)(b)		530
	114,063	BP PLC (Oil, Gas & Consumable Fuels)		735
	51,346	British American Tobacco PLC (Tobacco)		1,612
	12,788	Bunzl PLC (Trading Companies & Distributors)		455
	44,208	Burberry Group PLC (Textiles, Apparel & Luxury Goods)(b)		1,024
	425,346	Centrica PLC (Multi-Utilities)(b)		800
	39,102	CNH Industrial N.V. (Machinery)		475
	10,781	Coca-Cola Europacific Partners PLC (Beverages)		674
	68,973	Compass Group PLC (Hotels, Restaurants & Leisure)		1,679
	40,786	Diageo PLC (Beverages)		1,503
	38,064	Entain PLC (Hotels, Restaurants & Leisure)(b)		432
	176,859	Haleon PLC (Personal Care Products)(b)		733
	254,357	HSBC Holdings PLC (Banks)		1,990
	90,451	Imperial Brands PLC (Tobacco)		1,835
	242,896	Informa PLC (Media)		2,218
	6,566	InterContinental Hotels Group PLC (Hotels, Restaurants & Leisure)		486
	480,645	J Sainsbury PLC (Consumer Staples Distribution & Retail)		1,480
	114,719	Kingfisher PLC (Specialty Retail)		311
	26,793	Land Securities Group PLC (Diversified REITs)		192
	152,198	Legal & General Group PLC (Insurance)		411
	2,269	London Stock Exchange Group PLC (Capital Markets)(b)		227
	93,766	M&G PLC (Financial Services)		225
	14,782	Mondi PLC (Paper & Forest Products)		247
	129,651	National Grid PLC (Multi-Utilities)		1,550
	4,989	Next PLC (Broadline Retail)		442
	101,197	Ocado Group PLC (Consumer Staples Distribution & Retail)(a)(b)		736
	16,942	Pearson PLC (Diversified Consumer Services)		179
	56,944	RELX PLC (Professional Services)		1,921
	66,751	Rio Tinto PLC (Metals & Mining)		4,191
	8,382	Severn Trent PLC (Water Utilities)(b)		242
	298,341	Shell PLC (Oil, Gas & Consumable Fuels)		9,453

HC CAPITAL TRUST 

The International Equity Portfolio 

Portfolio of Investments (concluded) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		United Kingdom (continued)
	12,142	Smiths Group PLC (Industrial Conglomerates)	$	239
	44,660	SSE PLC (Electric Utilities)		875
	33,934	The Sage Group PLC (Software)		408
	18,373	The Weir Group PLC (Machinery)		424
	55,598	Unilever PLC (Personal Care Products)		2,750
	10,568	United Utilities Group PLC (Water Utilities)		122
	4,958	Whitbread PLC (Hotels, Restaurants & Leisure)		209
	87,061	WPP PLC (Media)		776
				58,165
		United States — 0.60%
	8,324	Linde PLC (Chemicals)		3,097
		Total Common Stocks		452,845
		Warrant — 0.00%
		Canada — 0.00%
	835	Constellation Software, Inc., 3/31/40 (Software)(a)(c)		—
		Total Warrant		—
		Investment Company — 10.14%
	52,376,515	State Street Institutional Treasury Plus Money Market Fund, Trust Class, 5.23%(d)		52,377
		Total Investment Company		52,377

The following table reflects the open derivative positions held by the Portfolio as of September 30, 2023.

Futures Contracts Purchased*

Shares	Security Description	Value (000)
	Total Investments (cost $321,726) — 97.85%	$	505,222
	Other assets in excess of liabilities — 2.15%		11,087
	Net Assets - 100.00%	$	516,309

Amounts designated as "—" are $0 or have been rounded to $0.

(a)	Represents non-income producing security.
(b)	Represents a security purchased under Rule 144A or Section 4(2) and is exempt from registration under the Securities Act of 1933, as amended, or is otherwise restricted to resale. Certain of these securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. These securities have been deemed liquid by the Specialist Manager.
(c)	Security was valued using significant unobservable inputs as of September 30, 2023.
(d)	Annualized 7-day yield as of period-end.

ADR—American Depositary Receipt

REIT—Real Estate Investment Trust

As of September 30, 2023, 100% of the Portfolio's net assets were managed by Parametric Portfolio Associates, LLC.

Description	Number of Contracts	Expiration Date		Notional Amount (000)		Value and Unrealized Appreciation/ (Depreciation) (000)
MSCI EAFE Index Future	561	12/15/23	$	57,264	$	(1,276	)
			$	57,264	$	(1,276	)
	Total Unrealized Appreciation				$	—
	Total Unrealized Depreciation					(1,276	)
	Total Net Unrealized Appreciation/(Depreciation)				$	(1,276	)

* Cash has been pledged as collateral for futures contracts held by the Portfolio.

HC CAPITAL TRUST 

The Institutional International Equity Portfolio 

Portfolio of Investments — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks — 58.42%
		Australia — 3.62%
	4,667	Ampol Ltd. (Oil, Gas & Consumable Fuels)	$	101
	64,457	ANZ Group Holdings Ltd. (Banks)		1,057
	60,829	APA Group (Gas Utilities)		323
	12,428	Aristocrat Leisure Ltd. (Hotels, Restaurants & Leisure)		325
	8,220	ASX Ltd. (Capital Markets)		300
	76,862	Aurizon Holdings Ltd. (Ground Transportation)		172
	108,290	BHP Group Ltd. (Metals & Mining)		3,040
	9,452	BlueScope Steel Ltd. (Metals & Mining)		117
	47,697	Brambles Ltd. (Commercial Services & Supplies)		439
	1,873	Cochlear Ltd. (Health Care Equipment & Supplies)		307
	47,294	Coles Group Ltd. (Consumer Staples Distribution & Retail)		472
	35,682	Commonwealth Bank of Australia (Banks)		2,279
	19,785	Computershare Ltd. (Professional Services)		330
	10,833	CSL Ltd. (Biotechnology)		1,745
	38,829	Dexus (Diversified REITs)		181
	3,158	EBOS Group Ltd. (Health Care Providers & Services)		65
	82,102	Endeavour Group Ltd. (Consumer Staples Distribution & Retail)		277
	35,442	Fortescue Metals Group Ltd. (Metals & Mining)		471
	36,082	Goodman Group (Industrial REITs)		494
	5,294	IDP Education Ltd. (Diversified Consumer Services)		72
	14,776	IGO Ltd. (Metals & Mining)		119
	80,752	Insurance Australia Group Ltd. (Insurance)		293
	23,298	Lendlease Corp. Ltd. (Real Estate Management & Development) (b)		107
	7,770	Macquarie Group Ltd. (Capital Markets)		832
	159,100	Medibank Pvt. Ltd. (Insurance)		351
	3,696	Mineral Resources Ltd. (Metals & Mining)		159
	85,546	Mirvac Group (Diversified REITs)		116
	67,368	National Australia Bank Ltd. (Banks)		1,250
	30,294	Newcrest Mining Ltd. (Metals & Mining)		477
	38,057	Northern Star Resources Ltd. (Metals & Mining)		252
	9,744	Orica Ltd. (Chemicals)		97
	37,296	Origin Energy Ltd. (Electric Utilities)		210
	58,369	Pilbara Minerals Ltd. (Metals & Mining)		159
	20,036	Qantas Airways Ltd. (Passenger Airlines)(a)		66
	31,074	QBE Insurance Group Ltd. (Insurance)		311
	7,422	Ramsay Health Care Ltd. (Health Care Providers & Services)		247
	1,150	REA Group Ltd. (Interactive Media & Services)		114
	4,902	Reece Ltd. (Trading Companies & Distributors)		58
	7,907	Rio Tinto Ltd. (Metals & Mining)		570
	69,772	Santos Ltd. (Oil, Gas & Consumable Fuels) (b)		352
	112,940	Scentre Group (Retail REITs)		177
	7,966	SEEK Ltd. (Interactive Media & Services)		113
	16,699	Sonic Healthcare Ltd. (Health Care Providers & Services)		319
	96,004	South32 Ltd. (Metals & Mining)		207
	52,015	Stockland (Diversified REITs)		130
	32,455	Suncorp Group Ltd. (Insurance)		289
	156,931	Telstra Group Ltd. (Diversified Telecommunication Services)		388

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Australia (continued)
	65,160	The GPT Group (Diversified REITs)	$	162
	115,173	The Lottery Corp. Ltd. (Hotels, Restaurants & Leisure)		348
	80,813	Transurban Group (Transportation Infrastructure)		657
	34,642	Treasury Wine Estates Ltd. (Beverages)		273
	83,889	Vicinity Ltd. (Diversified REITs) (b)		91
	6,205	Washington H Soul Pattinson & Co. Ltd. (Oil, Gas & Consumable Fuels)		129
	25,256	Wesfarmers Ltd. (Broadline Retail)		855
	75,327	Westpac Banking Corp. (Banks)		1,018
	3,486	WiseTech Global Ltd. (Software)		145
	40,168	Woodside Energy Group Ltd. (Oil, Gas & Consumable Fuels)		934
	33,232	Woolworths Group Ltd. (Consumer Staples Distribution & Retail)		795
				25,737
		Austria — 0.08%
	7,182	Erste Group Bank AG (Banks) (b)		249
	3,193	OMV AG (Oil, Gas & Consumable Fuels)		152
	1,476	Verbund AG (Electric Utilities)		120
	2,516	voestalpine AG (Metals & Mining)		68
				589
		Belgium — 0.40%
	3,275	Ageas SA/N.V. (Insurance)		135
	18,569	Anheuser-Busch InBev SA/N.V. (Beverages)		1,030
	707	D'ieteren Group (Distributors)		119
	1,973	Elia Group SA/N.V. (Electric Utilities) (b)		193
	2,046	Groupe Bruxelles Lambert N.V. (Financial Services)		152
	5,235	KBC Group N.V. (Banks)		327
	10	Lotus Bakeries N.V. (Food Products) (b)		81
	334	Sofina SA (Financial Services)		67
	1,525	Solvay SA, Class - A (Chemicals)		169
	4,015	UCB SA (Pharmaceuticals)		328
	4,241	Umicore SA (Chemicals) (b)		100
	6,752	Warehouses De Pauw CVA (Industrial REITs)		167
				2,868
		Canada — 1.06%
	1,462	Agnico Eagle Mines Ltd. (Metals & Mining)		66
	21,898	Algonquin Power & Utilities Corp. (Multi-Utilities)		130
	969	Alimentation Couche-Tard, Inc. (Consumer Staples Distribution & Retail)		49
	2,261	AltaGas Ltd. (Gas Utilities)		43
	7,590	Barrick Gold Corp. (Metals & Mining)		110
	4,684	BCE, Inc. (Diversified Telecommunication Services)		179
	1,723	Canadian Apartment Properties REIT (Residential REITs) (b)		57
	13,097	Canadian Natural Resources Ltd. (Oil, Gas & Consumable Fuels)		848
	9,879	Canadian Pacific Kansas City Ltd. (Ground Transportation)		735
	273	Canadian Tire Corp. Ltd., Class - A (Broadline Retail)		29
	9,303	Canadian Utilities Ltd., Class - A (Multi-Utilities)		197
	1,772	CCL Industries, Inc., Class - B (Containers & Packaging) (b)		74

HC CAPITAL TRUST 

The Institutional International Equity Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Canada (continued)
	40,585	Cenovus Energy, Inc. (Oil, Gas & Consumable Fuels)	$	846
	894	CGI, Inc. (IT Services)(a)		88
	2,185	Dollarama, Inc. (Broadline Retail)		151
	6,254	Emera, Inc. (Electric Utilities)		218
	8,395	Empire Co. Ltd., Class - A (Consumer Staples Distribution & Retail)		228
	137	Fairfax Financial Holdings Ltd. (Insurance)		112
	6,275	Fortis, Inc. (Electric Utilities)		239
	753	Franco-Nevada Corp. (Metals & Mining)		101
	1,863	George Weston Ltd. (Consumer Staples Distribution & Retail)		207
	4,338	Great-West Lifeco, Inc. (Insurance)		124
	9,203	Hydro One Ltd. (Electric Utilities)(b)		234
	1,309	Intact Financial Corp. (Insurance) (b)		191
	2,779	Loblaw Cos. Ltd. (Consumer Staples Distribution & Retail)		236
	4,312	Metro, Inc. (Consumer Staples Distribution & Retail)		224
	10,561	Northland Power, Inc. (Independent Power and Renewable Electricity Producers)		172
	3,407	Power Corp. of Canada (Insurance)		87
	7,004	Quebecor, Inc., Class - B (Media)		150
	2,547	RB Global, Inc. (Commercial Services & Supplies)		159
	1,859	Restaurant Brands International, Inc. (Hotels, Restaurants & Leisure)		124
	4,886	Rogers Communications, Inc., Class - B (Wireless Telecommunication Services)		188
	780	Royal Bank of Canada (Banks)		68
	7,793	Saputo, Inc. (Food Products) (b)		163
	865	Sun Life Financial, Inc. (Insurance)		42
	8,813	TELUS Corp. (Diversified Telecommunication Services)		144
	555	The Bank of Nova Scotia (Banks)		25
	1,503	The Descartes Systems Group, Inc. (Software)(a)		110
	1,695	Thomson Reuters Corp. (Professional Services)		207
	7,504	TMX Group Ltd. (Capital Markets)		161
	656	Toromont Industries Ltd. (Trading Companies & Distributors)		53
				7,569
		Cayman Islands — 0.02%
	55,060	Sands China Ltd. (Hotels, Restaurants & Leisure)(a)		167
		Chile — 0.02%
	8,529	Antofagasta PLC (Metals & Mining)		148
		Denmark — 1.86%
	67	A.P. Moller - Maersk A/S, Class - A (Marine Transportation)		119
	152	A.P. Moller - Maersk A/S, Class - B (Marine Transportation)		273
	4,495	Carlsberg A/S, Class - B (Beverages)		567
	2,287	Chr Hansen Holding A/S (Chemicals) (b)		140
	4,800	Coloplast A/S, Class - B (Health Care Equipment & Supplies)		508
	32,471	Danske Bank A/S (Banks)		754
	2,368	Demant A/S (Health Care Equipment & Supplies)(a)		98
	3,969	DSV A/S (Air Freight & Logistics)		740
	1,405	Genmab A/S (Biotechnology)(a) (b)		498
	78,384	Novo Nordisk A/S, Class - B (Pharmaceuticals)		7,137
	7,725	Novozymes A/S, B shares (Chemicals)		311

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Denmark (continued)
	4,473	Orsted A/S (Electric Utilities)(b)	$	243
	1,866	Pandora A/S (Textiles, Apparel & Luxury Goods)		193
	193	ROCKWOOL A/S, Class - B (Building Products)		47
	22,604	Tryg A/S (Insurance) (b)		413
	54,263	Vestas Wind Systems A/S (Electrical Equipment)(a)		1,161
				13,202
		Finland — 0.55%
	5,503	Elisa Oyj (Diversified Telecommunication Services)		255
	9,629	Fortum Oyj (Electric Utilities)^		112
	10,049	Kesko Oyj, Class - B (Consumer Staples Distribution & Retail)		180
	7,815	Kone Oyj, Class - B (Machinery)		330
	13,507	Metso Oyj (Machinery) (b)		142
	9,044	Neste Oyj (Oil, Gas & Consumable Fuels)^		306
	113,258	Nokia Oyj (Communications Equipment)		426
	75,658	Nordea Bank Abp (Banks)		830
	5,044	Orion Oyj, Class - B (Pharmaceuticals)		198
	11,320	Sampo Oyj, A Shares (Insurance)		489
	12,295	Stora Enso Oyj, Registered Shares (Paper & Forest Products)		154
	11,171	UPM-Kymmene Oyj (Paper & Forest Products)		382
	10,263	Wartsila Oyj Abp (Machinery)		116
				3,920
		France — 6.87%
	3,706	Accor SA (Hotels, Restaurants & Leisure)		125
	582	Aeroports de Paris (Transportation Infrastructure)		69
	11,756	Air Liquide SA (Chemicals)		1,980
	12,619	Airbus SE (Aerospace & Defense)		1,689
	6,209	Alstom SA (Machinery)		148
	1,326	Amundi SA (Capital Markets)		74
	1,288	Arkema SA (Chemicals)		127
	39,368	AXA SA (Insurance)		1,168
	4,321	BioMerieux (Health Care Equipment & Supplies)		418
	22,394	BNP Paribas SA (Banks)		1,424
	45,452	Bollore SE (Entertainment)		244
	8,404	Bouygues SA (Construction & Engineering)		293
	11,178	Bureau Veritas SA (Professional Services) (b)		278
	3,493	Capgemini SE (IT Services)		609
	29,961	Carrefour SA (Consumer Staples Distribution & Retail) (b)		515
	10,004	Cie de Saint-Gobain (Building Products)		599
	14,199	Cie Generale des Etablissements Michelin SCA (Automobile Components)		435
	1,112	Covivio SA (Diversified REITs)		49
	26,240	Credit Agricole SA (Banks)		323
	18,237	Danone SA (Food Products)		1,005
	1,676	Dassault Aviation SA (Aerospace & Defense) (b)		316
	36,580	Dassault Systemes SE (Software)		1,358
	8,220	Edenred (Financial Services)		514
	1,723	Eiffage SA (Construction & Engineering) (b)		164
	44,518	Engie SA (Multi-Utilities)		682
	10,336	EssilorLuxottica SA (Health Care Equipment & Supplies)		1,798
	945	Eurazeo SE (Financial Services)		56
	1,488	Gecina SA (Office REITs) (b)		151
	16,536	Getlink SE (Transportation Infrastructure)		264

HC CAPITAL TRUST 

The Institutional International Equity Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		France (continued)
	1,059	Hermes International SCA (Textiles, Apparel & Luxury Goods)	$	1,930
	3,173	Ipsen SA (Pharmaceuticals)		416
	1,585	Kering SA (Textiles, Apparel & Luxury Goods)		720
	4,664	Klepierre SA (Retail REITs)		114
	8,695	La Francaise des Jeux SAEM (Hotels, Restaurants & Leisure)		282
	14,422	Legrand SA (Electrical Equipment)		1,325
	7,009	L'Oreal SA (Personal Care Products)		2,904
	6,820	LVMH Moet Hennessy Louis Vuitton SE (Textiles, Apparel & Luxury Goods)		5,146
	74,137	Orange SA (Diversified Telecommunication Services) (b)		850
	8,580	Pernod Ricard SA (Beverages)		1,429
	4,903	Publicis Groupe SA (Media)		371
	1,780	Remy Cointreau SA (Beverages)^		217
	4,148	Renault SA (Automobile Components)		170
	7,307	Safran SA (Aerospace & Defense)		1,145
	34,829	Sanofi (Pharmaceuticals)		3,739
	1,291	Sartorius Stedim Biotech (Life Sciences Tools & Services)		307
	16,295	Schneider Electric SE (Electrical Equipment) (b)		2,684
	2,238	SEB SA (Household Durables)		208
	15,282	Societe Generale SA (Banks)		370
	1,826	Sodexo SA (Hotels, Restaurants & Leisure)		188
	3,140	Teleperformance (Professional Services)		395
	4,176	Thales SA (Aerospace & Defense)		587
	61,496	TotalEnergies SE (Oil, Gas & Consumable Fuels)		4,042
	2,557	Unibail-Rodamco-Westfield (Retail REITs)(a)		126
	4,470	Valeo (Automobile Components)		77
	14,381	Veolia Environnement SA (Multi-Utilities)		416
	11,361	Vinci SA (Construction & Engineering)		1,257
	43,695	Vivendi SE (Media)		382
	577	Wendel SE (Financial Services)		46
	4,959	Worldline SA (Financial Services)(a)		139
				48,857
		Germany — 4.76%
	7,431	adidas AG (Textiles, Apparel & Luxury Goods)		1,303
	8,586	Allianz SE, Registered Shares (Insurance)		2,043
	19,223	BASF SE (Chemicals)		870
	23,006	Bayer AG, Registered Shares (Pharmaceuticals)		1,104
	6,482	Bayerische Motoren Werke AG (Automobile Components)		658
	1,288	Bayerische Motoren Werke AG, Preference Shares (Automobiles)		120
	1,776	Bechtle AG (IT Services)		83
	4,195	Beiersdorf AG (Personal Care Products)		541
	3,679	Brenntag SE (Trading Companies & Distributors)		285
	1,403	Carl Zeiss Meditec AG, Class - BR (Health Care Equipment & Supplies)		122
	93,385	Commerzbank AG (Banks)		1,060
	2,385	Continental AG (Automobile Components)		168
	4,145	Covestro AG (Chemicals)(a)(		223
	10,374	Daimler Truck Holding AG (Machinery)		359
	3,686	Delivery Hero SE (Hotels, Restaurants & Leisure)(a)		105
	41,340	Deutsche Bank AG, Registered Shares (Capital Markets)		454
	5,414	Deutsche Boerse AG (Capital Markets)		935

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Germany (continued)
	14,076	Deutsche Lufthansa AG, Registered Shares (Passenger Airlines)(a) (b)	$	111
	78,361	Deutsche Telekom AG (Diversified Telecommunication Services) (b)		1,643
	21,270	DHL Group (Air Freight & Logistics)		863
	2,383	Dr. Ing. h.c. F. Porsche AG, Preference Shares (Automobiles)		224
	62,851	E.ON SE (Multi-Utilities)		743
	4,094	Evonik Industries AG (Chemicals)		75
	8,532	Fresenius Medical Care AG & Co. KGaA (Health Care Providers & Services)		367
	12,921	Fresenius SE & Co. KGaA (Health Care Providers & Services)		401
	5,758	GEA Group AG (Machinery)		212
	1,748	Hannover Rueck SE (Insurance)		384
	3,140	Heidelberg Materials AG (Construction Materials)		243
	3,547	HelloFresh SE (Consumer Staples Distribution & Retail)(a)		105
	2,119	Henkel AG & Co. KGaA (Household Products)		134
	6,724	Henkel AG & Co. KGaA, Preference Shares (Household Products)		479
	49,624	Infineon Technologies AG (Semiconductors & Semiconductor Equipment) (b)		1,643
	2,344	Knorr-Bremse AG (Machinery)		149
	3,977	LEG Immobilien SE (Real Estate Management & Development)(a)		273
	17,286	Mercedes-Benz Group AG (Automobile Components)		1,203
	3,726	Merck KGaA (Pharmaceuticals)		621
	1,118	MTU Aero Engines AG (Aerospace & Defense)		202
	2,968	Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen, Registered Shares (Insurance)		1,156
	1,267	Nemetschek SE (Software)		77
	3,320	Porsche Automobil Holding SE, Preference Shares (Automobile Components)		163
	2,289	Puma SE (Textiles, Apparel & Luxury Goods) (b)		142
	168	Rational AG (Machinery)		106
	1,731	Rheinmetall AG (Aerospace & Defense)		445
	36,918	RWE AG (Independent Power and Renewable Electricity Producers)		1,370
	28,015	SAP SE (Software)		3,627
	765	Sartorius AG, Preference Shares (Life Sciences Tools & Services)		259
	3,797	Scout24 SE (Interactive Media & Services)		263
	21,464	Siemens AG, Registered Shares (Industrial Conglomerates)		3,067
	10,874	Siemens Energy AG (Electrical Equipment)(a)(b)		142
	8,832	Siemens Healthineers AG (Health Care Equipment & Supplies)		447
	5,455	Symrise AG (Chemicals) (b)		520
	2,472	Talanx AG (Insurance)		156
	146,459	Telefonica Deutschland Holding AG (Diversified Telecommunication Services)		262
	640	Volkswagen AG (Automobiles)		84
	4,408	Volkswagen AG, Preference Shares (Automobile Components)		506
	15,420	Vonovia SE (Real Estate Management & Development)		369
	383	Wacker Chemie AG (Chemicals)		55

HC CAPITAL TRUST 

The Institutional International Equity Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Germany (continued)
	4,937	Zalando SE (Specialty Retail)(a)	$	110
				33,834
		Hong Kong — 1.42%
	333,118	AIA Group Ltd. (Insurance)		2,694
	97,195	BOC Hong Kong Holdings Ltd. (Banks)		265
	38,300	Budweiser Brewing Co. APAC Ltd. (Beverages)		75
	588,000	China Common Rich Renewable Energy Investment Ltd. (Independent Power and Renewable Electricity Producers)(a)(c)		—
	41,200	CK Asset Holdings Ltd. (Real Estate Management & Development)		216
	56,410	CK Hutchison Holdings Ltd. (Industrial Conglomerates)		299
	34,000	CK Infrastructure Holdings Ltd. (Electric Utilities)		161
	52,719	CLP Holdings Ltd. (Electric Utilities)		390
	49,800	ESR Group Ltd. (Real Estate Management & Development)		70
	1,293	Futu Holdings Ltd., ADR (Capital Markets)(a)		75
	46,000	Galaxy Entertainment Group Ltd. (Hotels, Restaurants & Leisure)		275
	47,720	Hang Lung Properties Ltd. (Real Estate Management & Development)		65
	19,639	Hang Seng Bank Ltd. (Banks)		243
	28,845	Henderson Land Development Co. Ltd. (Real Estate Management & Development)		76
	206,550	HKT Trust & HKT Ltd. (Diversified Telecommunication Services) (b)		215
	352,247	Hong Kong & China Gas Co. Ltd. (Gas Utilities)		245
	25,500	Hong Kong Exchanges & Clearing Ltd. (Capital Markets)		946
	45,740	Hongkong Land Holdings Ltd. (Real Estate Management & Development)		163
	5,700	Jardine Matheson Holdings Ltd. (Industrial Conglomerates)		264
	68,534	Link REIT (Retail REITs)		335
	55,000	MTR Corp. Ltd. (Ground Transportation)		217
	31,310	New World Development Co. Ltd. (Real Estate Management & Development)		61
	53,868	Power Assets Holdings Ltd. (Electric Utilities)		260
	121,396	Prudential PLC (Insurance)		1,305
	117,328	Sino Land Co. Ltd. (Real Estate Management & Development)		132
	29,000	SITC International Holdings Co. Ltd. (Marine Transportation)		49
	30,360	Sun Hung Kai Properties Ltd. (Real Estate Management & Development)		324
	9,430	Swire Pacific Ltd., Class - A (Real Estate Management & Development)		64
	39,200	Swire Properties Ltd. (Real Estate Management & Development)		82
	29,000	Techtronic Industries Co. Ltd. (Machinery)		280
	180,856	WH Group Ltd. (Food Products)		95
	36,000	Wharf Real Estate Investment Co. Ltd. (Real Estate Management & Development)		139
	39,000	Xinyi Glass Holdings Ltd. (Building Products)		50
				10,130

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Ireland (Republic of) — 0.86%
	3,292	AerCap Holdings N.V. (Trading Companies & Distributors)(a)	$	206
	300	AerCap Holdings N.V. (Trading Companies & Distributors)(a)		19
	30,791	AIB Group PLC (Banks)		138
	22,252	Bank of Ireland Group PLC (Banks)		217
	29,225	CRH PLC (Construction Materials)		1,611
	3,118	DCC PLC (Industrial Conglomerates) (b)		175
	44,117	Experian PLC (Professional Services)		1,443
	3,757	Flutter Entertainment PLC (Hotels, Restaurants & Leisure)(a)		613
	9,216	James Hardie Industries PLC (Construction Materials)(a)		241
	3,409	Kerry Group PLC, Class - A (Food Products) (b)		285
	3,205	Kingspan Group PLC (Building Products)		239
	7,992	Ryanair Holdings PLC, ADR (Passenger Airlines)(a)		777
	5,626	Smurfit Kappa Group PLC (Containers & Packaging) (b)		187
				6,151
		Israel — 0.34%
	1,661	Azrieli Group Ltd. (Real Estate Management & Development)		86
	26,580	Bank Hapoalim BM (Banks)		237
	32,264	Bank Leumi Le-Israel BM (Banks)		268
	2,506	Check Point Software Technologies Ltd. (Software)(a)		334
	947	CyberArk Software Ltd. (Software)(a)		155
	1,005	Elbit Systems Ltd. (Aerospace & Defense)		199
	1,806	Global-e Online Ltd. (Broadline Retail)(a)		72
	26,740	ICL Group Ltd. (Chemicals)		148
	1	Isracard Ltd. (Consumer Finance)		—
	25,890	Israel Discount Bank Ltd., Class - A (Banks)		140
	3,229	Mizrahi Tefahot Bank Ltd. (Banks)		117
	458	Monday.com Ltd. (Software)(a)		73
	1,465	Nice Ltd. (Software)(a)		250
	24,245	Teva Pharmaceutical Industries Ltd., ADR (Pharmaceuticals)(a)		247
	1,198	Wix.com Ltd. (IT Services)(a)		110
				2,436
		Italy — 1.61%
	5,429	Amplifon SpA (Health Care Providers & Services)		161
	23,833	Assicurazioni Generali SpA (Insurance)		487
	79,811	Davide Campari-Milano N.V., Class - M (Beverages)		939
	2,627	DiaSorin SpA (Health Care Equipment & Supplies)		239
	173,874	Enel SpA (Electric Utilities) (b)		1,067
	50,273	Eni SpA (Oil, Gas & Consumable Fuels)		807
	2,892	Ferrari N.V. (Automobiles)		852
	2,471	Ferrari N.V. (Automobiles)		730
	69,065	FinecoBank Banca Fineco SpA (Banks)		834
	23,107	Infrastrutture Wireless Italiane SpA (Diversified Telecommunication Services)(b)		275
	630,077	Intesa Sanpaolo SpA (Banks) (b)		1,613
	12,205	Mediobanca Banca di Credito Finanziario SpA (Banks)		161
	15,629	Moncler SpA (Textiles, Apparel & Luxury Goods)		905
	11,607	Nexi SpA (Professional Services)(a)		71
	11,327	Poste Italiane SpA (Insurance)		119
	6,299	Prysmian SpA (Electrical Equipment)		253

HC CAPITAL TRUST 

The Institutional International Equity Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Italy (continued)
	4,257	Recordati Industria Chimica e Farmaceutica SpA (Pharmaceuticals)	$	201
	71,385	Snam SpA (Gas Utilities)		335
	216,022	Telecom Italia SpA/Milano (Diversified Telecommunication Services)(a)		67
	51,335	Terna - Rete Elettrica Nazionale (Electric Utilities)		386
	39,320	UniCredit SpA (Banks)		937
				11,439
		Japan — 11.90%
	16,400	Advantest Corp. (Semiconductors & Semiconductor Equipment) (b)		458
	18,100	Aeon Co. Ltd. (Consumer Staples Distribution & Retail)		358
	4,165	AGC, Inc. (Building Products)		146
	3,200	Aisin Corp. (Automobile Components)		121
	12,500	Ajinomoto Co., Inc. (Food Products)		482
	6,400	ANA Holdings, Inc. (Passenger Airlines)(a) (b)		134
	10,100	Asahi Group Holdings Ltd. (Beverages) (b)		377
	4,700	Asahi Intecc Co. Ltd. (Health Care Equipment & Supplies)		84
	25,710	Asahi Kasei Corp. (Chemicals)		162
	41,690	Astellas Pharma, Inc. (Pharmaceuticals)		577
	2,500	Azbil Corp. (Electronic Equipment, Instruments & Components)		76
	12,900	Bandai Namco Holdings, Inc. (Leisure Products)		262
	2,900	BayCurrent Consulting, Inc. (Professional Services)		97
	12,160	Bridgestone Corp. (Automobile Components)		474
	5,100	Brother Industries Ltd. (Technology Hardware, Storage & Peripherals)		82
	24,947	Canon, Inc. (Technology Hardware, Storage & Peripherals)		601
	6,600	Capcom Co. Ltd. (Entertainment)		238
	19,500	Central Japan Railway Co. (Ground Transportation)		474
	27,000	Chubu Electric Power Co., Inc. (Electric Utilities)		344
	14,500	Chugai Pharmaceutical Co. Ltd. (Pharmaceuticals)		447
	23,600	Concordia Financial Group Ltd. (Banks)		108
	9,300	CyberAgent, Inc. (Media)^		50
	4,439	Dai Nippon Printing Co. Ltd. (Commercial Services & Supplies)		116
	6,600	Daifuku Co. Ltd. (Machinery)		125
	19,900	Dai-ichi Life Holdings, Inc. (Insurance)		411
	39,600	Daiichi Sankyo Co. Ltd. (Pharmaceuticals)		1,083
	5,600	Daikin Industries Ltd. (Building Products)		878
	2,247	Daito Trust Construction Co. Ltd. (Real Estate Management & Development)		237
	12,530	Daiwa House Industry Co. Ltd. (Real Estate Management & Development)		336
	136	Daiwa House REIT Investment Corp. (Diversified REITs)		240
	34,900	Daiwa Securities Group, Inc. (Capital Markets)		202
	36,400	Denso Corp. (Automobile Components)		584
	4,270	Dentsu Group, Inc. (Media)		126
	2,000	Disco Corp. (Semiconductors & Semiconductor Equipment)		370

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Japan (continued)
	8,600	East Japan Railway Co. (Ground Transportation)	$	492
	7,100	Eisai Co. Ltd. (Pharmaceuticals)		394
	97,178	ENEOS Holdings, Inc. (Oil, Gas & Consumable Fuels)		382
	20,400	FANUC Corp. (Machinery)		531
	3,700	Fast Retailing Co. Ltd. (Specialty Retail)		806
	2,800	Fuji Electric Co. Ltd. (Electrical Equipment)		126
	7,910	FUJIFILM Holdings Corp. (Technology Hardware, Storage & Peripherals)		458
	3,750	Fujitsu Ltd. (IT Services) (b)		441
	287	GLP J-Reit (Industrial REITs) (b)		256
	900	GMO Payment Gateway, Inc. (Financial Services)		49
	4,000	Hakuhodo DY Holdings, Inc. (Media)		33
	3,000	Hamamatsu Photonics KK (Electronic Equipment, Instruments & Components)		126
	6,400	Hankyu Hanshin Holdings, Inc. (Ground Transportation)		219
	400	Hikari Tsushin, Inc. (Specialty Retail)		61
	580	Hirose Electric Co. Ltd. (Electronic Equipment, Instruments & Components)		67
	2,200	Hitachi Construction Machinery Co. Ltd. (Machinery)		67
	20,280	Hitachi Ltd. (Industrial Conglomerates)		1,256
	98,262	Honda Motor Co. Ltd. (Automobile Components)		1,105
	2,400	Hoshizaki Corp. (Machinery)		83
	7,600	Hoya Corp. (Health Care Equipment & Supplies)		778
	8,300	Hulic Co. Ltd. (Real Estate Management & Development) (b)		74
	2,400	Ibiden Co. Ltd. (Electronic Equipment, Instruments & Components)		127
	10,059	Idemitsu Kosan Co. Ltd. (Oil, Gas & Consumable Fuels) (b)		231
	3,100	Iida Group Holdings Co. Ltd. (Household Durables)^		51
	22,600	Inpex Corp. (Oil, Gas & Consumable Fuels)		339
	12,470	Isuzu Motors Ltd. (Automobile Components)		157
	25,458	ITOCHU Corp. (Trading Companies & Distributors)		920
	4,900	Japan Airlines Co. Ltd. (Passenger Airlines) (b)		95
	11,100	Japan Exchange Group, Inc. (Capital Markets)		206
	356	Japan Metropolitan Fund Invest (Retail REITs)		231
	49,700	Japan Post Bank Co. Ltd. (Banks) (b)		433
	66,660	Japan Post Holdings Co. Ltd. (Insurance) (b) (b)		534
	10,500	Japan Post Insurance Co. Ltd. (Insurance)^ (b) (b)		176
	70	Japan Real Estate Investment Corp. (Office REITs)		273
	32,927	Japan Tobacco, Inc. (Tobacco)		757
	10,700	JFE Holdings, Inc. (Metals & Mining)^ (b)		157
	3,833	JSR Corp. (Chemicals)		103
	11,900	Kajima Corp. (Construction & Engineering)		194
	13,800	Kao Corp. (Personal Care Products)		511
	2,900	Kawasaki Kisen Kaisha Ltd. (Marine Transportation)^		99
	37,100	KDDI Corp. (Wireless Telecommunication Services)		1,135
	4,100	Keio Corp. (Ground Transportation)		141
	2,800	Keisei Electric Railway Co. Ltd. (Ground Transportation)		97

HC CAPITAL TRUST 

The Institutional International Equity Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Japan (continued)
	6,100	Keyence Corp. (Electronic Equipment, Instruments & Components)	$	2,255
	3,000	Kikkoman Corp. (Food Products)		157
	6,400	Kintetsu Group Holdings Co. Ltd. (Ground Transportation)		182
	27,510	Kirin Holdings Co. Ltd. (Beverages)		386
	3,900	Kobayashi Pharmaceutical Co. Ltd. (Personal Care Products)		174
	8,900	Kobe Bussan Co. Ltd. (Consumer Staples Distribution & Retail)		208
	7,420	Koei Tecmo Holdings Co. Ltd. (Entertainment)		105
	4,500	Koito Manufacturing Co. Ltd. (Automobile Components)^		68
	19,790	Komatsu Ltd. (Machinery)		534
	2,000	Konami Group Corp. (Entertainment)		105
	700	Kose Corp. (Personal Care Products)		51
	21,200	Kubota Corp. (Machinery)		312
	2,300	Kurita Water Industries Ltd. (Machinery)		80
	6,720	Kyocera Corp. (Electronic Equipment, Instruments & Components)		341
	10,000	Kyowa Kirin Co. Ltd. (Pharmaceuticals)		174
	1,600	Lasertec Corp. (Semiconductors & Semiconductor Equipment)		249
	6,245	Lixil Corp. (Building Products)^		73
	9,600	M3, Inc. (Health Care Technology)		174
	4,900	Makita Corp. (Machinery)		121
	30,971	Marubeni Corp. (Trading Companies & Distributors)		483
	12,300	MatsukiyoCocokara & Co. (Consumer Staples Distribution & Retail)		220
	12,350	Mazda Motor Corp. (Automobile Components)		140
	6,400	McDonald's Holdings Co. Japan Ltd. (Hotels, Restaurants & Leisure)		245
	11,400	MEIJI Holdings Co. Ltd. (Food Products)		283
	7,300	MINEBEA MITSUMI, Inc. (Machinery)		119
	6,400	MISUMI Group, Inc. (Machinery)		100
	27,710	Mitsubishi Chemical Group Corp. (Chemicals)		175
	24,740	Mitsubishi Corp. (Trading Companies & Distributors)		1,178
	41,290	Mitsubishi Electric Corp. (Electrical Equipment)		510
	28,800	Mitsubishi Estate Co. Ltd. (Real Estate Management & Development)		376
	27,700	Mitsubishi HC Capital, Inc. (Financial Services)		184
	6,897	Mitsubishi Heavy Industries Ltd. (Machinery)		385
	345,882	Mitsubishi UFJ Financial Group, Inc. (Banks)		2,931
	27,866	Mitsui & Co. Ltd. (Trading Companies & Distributors)		1,010
	3,950	Mitsui Chemicals, Inc. (Chemicals)		102
	19,000	Mitsui Fudosan Co. Ltd. (Real Estate Management & Development)		419
	9,000	Mitsui O.S.K. Lines Ltd. (Marine Transportation)		247
	57,652	Mizuho Financial Group, Inc. (Banks)		979
	7,800	MonotaRO Co. Ltd. (Trading Companies & Distributors)		84
	10,300	MS&AD Insurance Group Holdings, Inc. (Insurance)		377
	36,600	Murata Manufacturing Co. Ltd. (Electronic Equipment, Instruments & Components)		668

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Japan (continued)
	5,230	NEC Corp. (IT Services)	$	289
	7,600	Nexon Co. Ltd. (Entertainment)		136
	5,200	NGK Insulators Ltd. (Machinery)		69
	9,200	NIDEC Corp. (Electrical Equipment)		425
	25,100	Nintendo Co. Ltd. (Entertainment)		1,043
	75	Nippon Building Fund, Inc. (Diversified REITs)		304
	1,500	NIPPON EXPRESS HOLDINGS, INC. (Air Freight & Logistics)		78
	19,900	Nippon Paint Holdings Co. Ltd. (Chemicals)(b) (b)		134
	135	Nippon Prologis REIT, Inc. (Industrial REITs) (b)		252
	3,800	Nippon Sanso Holdings Corp. (Chemicals)		90
	1,500	Nippon Shinyaku Co. Ltd. (Pharmaceuticals)		63
	18,300	Nippon Steel Corp. (Metals & Mining)^ (b)		429
	767,100	Nippon Telegraph & Telephone Corp. (Diversified Telecommunication Services)		908
	10,400	Nippon Yusen KK (Marine Transportation)^		270
	2,500	Nissan Chemical Corp. (Chemicals)		106
	50,300	Nissan Motor Co. Ltd. (Automobile Components)		222
	12,600	Nisshin Seifun Group, Inc. (Food Products)		161
	3,300	Nissin Foods Holdings Co. Ltd. (Food Products) (b)		274
	3,000	Nitori Holdings Co. Ltd. (Specialty Retail)		335
	3,160	Nitto Denko Corp. (Chemicals)		207
	72,300	Nomura Holdings, Inc. (Capital Markets)		290
	2,600	Nomura Real Estate Holdings, Inc. (Real Estate Management & Development)		65
	237	Nomura Real Estate Master Fund, Inc. (Diversified REITs)		265
	9,420	Nomura Research Institute Ltd. (IT Services)		245
	12,900	NTT Data Group Corp. (IT Services)		173
	19,500	Obayashi Corp. (Construction & Engineering)		172
	2,000	Obic Co. Ltd. (IT Services)		303
	10,000	Odakyu Electric Railway Co. Ltd. (Ground Transportation)		150
	44,100	Oji Holdings Corp. (Paper & Forest Products)^		186
	26,800	Olympus Corp. (Health Care Equipment & Supplies)		348
	3,800	Omron Corp. (Electronic Equipment, Instruments & Components)		169
	14,100	Ono Pharmaceutical Co. Ltd. (Pharmaceuticals)		270
	1,600	Open House Group Co. Ltd. (Household Durables) (b)		54
	2,200	Oracle Corp. Japan (Software)		163
	24,900	Oriental Land Co. Ltd. (Hotels, Restaurants & Leisure)		817
	25,000	ORIX Corp. (Financial Services)		467
	18,345	Osaka Gas Co. Ltd. (Gas Utilities)		302
	5,000	Otsuka Corp. (IT Services)		212
	10,000	Otsuka Holdings Co. Ltd. (Pharmaceuticals)		355
	12,100	Pan Pacific International Holdings Corp. (Broadline Retail)		254
	47,100	Panasonic Holdings Corp. (Household Durables)		532
	38,000	Persol Holdings Co. Ltd. (Professional Services) (b)		62
	31,600	Rakuten Group, Inc. (Broadline Retail) (b)		130

HC CAPITAL TRUST 

The Institutional International Equity Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Japan (continued)
	30,600	Recruit Holdings Co. Ltd. (Professional Services)	$	936
	27,300	Renesas Electronics Corp. (Semiconductors & Semiconductor Equipment)(a) (b)		417
	61,785	Resona Holdings, Inc. (Banks)		341
	11,200	Ricoh Co. Ltd. (Technology Hardware, Storage & Peripherals)		97
	7,480	Rohm Co. Ltd. (Semiconductors & Semiconductor Equipment)		141
	5,300	SBI Holdings, Inc. (Capital Markets)		112
	5,800	SCSK Corp. (IT Services)		101
	6,400	Secom Co. Ltd. (Commercial Services & Supplies)		434
	6,069	Seiko Epson Corp. (Technology Hardware, Storage & Peripherals)^		95
	8,200	Sekisui Chemical Co. Ltd. (Household Durables)		118
	16,025	Sekisui House Ltd. (Household Durables)		319
	18,230	Seven & i Holdings Co. Ltd. (Consumer Staples Distribution & Retail)		714
	11,900	SG Holdings Co. Ltd. (Air Freight & Logistics)		152
	11,700	Sharp Corp. (Household Durables) (b)		73
	5,100	Shimadzu Corp. (Electronic Equipment, Instruments & Components)		135
	1,600	Shimano, Inc. (Leisure Products)		214
	20,200	Shimizu Corp. (Construction & Engineering)		140
	38,725	Shin-Etsu Chemical Co. Ltd. (Chemicals)		1,124
	7,900	Shionogi & Co. Ltd. (Pharmaceuticals)		352
	8,400	Shiseido Co. Ltd. (Personal Care Products)		294
	25,500	Shizuoka Financial Group, Inc. (Banks)		208
	1,300	SMC Corp. (Machinery)		583
	76,054	SoftBank Corp. (Wireless Telecommunication Services)		861
	21,900	SoftBank Group Corp. (Wireless Telecommunication Services)		923
	7,460	Sompo Holdings, Inc. (Insurance)		320
	36,200	Sony Group Corp. (Household Durables)		2,960
	5,200	Square Enix Holdings Co. Ltd. (Entertainment)		178
	13,254	Subaru Corp. (Automobile Components)		258
	7,600	SUMCO Corp. (Semiconductors & Semiconductor Equipment) (b)		99
	32,260	Sumitomo Chemical Co. Ltd. (Chemicals)		88
	22,740	Sumitomo Corp. (Trading Companies & Distributors)^		454
	14,720	Sumitomo Electric Industries Ltd. (Automobile Components)		177
	5,100	Sumitomo Metal Mining Co. Ltd. (Metals & Mining)		150
	28,403	Sumitomo Mitsui Financial Group, Inc. (Banks)^		1,395
	9,300	Sumitomo Mitsui Trust Holdings, Inc. (Banks)		350
	6,200	Sumitomo Realty & Development Co. Ltd. (Real Estate Management & Development)		161
	7,100	Suntory Beverage & Food Ltd. (Beverages)		216
	8,100	Suzuki Motor Corp. (Automobile Components)		326
	3,700	Sysmex Corp. (Health Care Equipment & Supplies)		176
	10,800	T&D Holdings, Inc. (Insurance)		178
	6,150	Taisei Corp. (Construction & Engineering)		216
	38,145	Takeda Pharmaceutical Co. Ltd. (Pharmaceuticals)		1,182
	8,300	TDK Corp. (Electronic Equipment, Instruments & Components)		307
	14,100	Terumo Corp. (Health Care Equipment & Supplies)		373
	16,000	The Chiba Bank Ltd. (Banks)		117
	27,710	The Kansai Electric Power Co., Inc. (Electric Utilities)		384

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Japan (continued)
	4,900	TIS, Inc. (IT Services)	$	108
	7,700	Tobu Railway Co. Ltd. (Ground Transportation)		198
	4,300	Toho Co. Ltd. (Entertainment)		147
	38,420	Tokio Marine Holdings, Inc. (Insurance)		890
	61,100	Tokyo Electric Power Co. Holdings, Inc. (Electric Utilities)(a)		273
	10,180	Tokyo Electron Ltd. (Semiconductors & Semiconductor Equipment)		1,390
	15,500	Tokyo Gas Co. Ltd. (Gas Utilities)		352
	14,400	Tokyu Corp. (Ground Transportation)		166
	5,200	TOPPAN Holdings, Inc. (Commercial Services & Supplies)		124
	30,100	Toray Industries, Inc. (Chemicals)		157
	6,900	Toshiba Corp. (Industrial Conglomerates)(a)		213
	5,600	Tosoh Corp. (Chemicals)		72
	2,800	TOTO Ltd. (Building Products)		72
	3,200	Toyota Industries Corp. (Machinery)		252
	226,300	Toyota Motor Corp. (Automobile Components)		4,059
	4,600	Toyota Tsusho Corp. (Trading Companies & Distributors)		271
	5,500	Trend Micro, Inc. (Software)		208
	12,000	Unicharm Corp. (Household Products)		425
	8,600	USS Co. Ltd. (Specialty Retail)		142
	10,100	Welcia Holdings Co. Ltd. (Consumer Staples Distribution & Retail)		175
	6,900	West Japan Railway Co. (Ground Transportation) (b)		285
	11,800	Yakult Honsha Co. Ltd. (Food Products)		287
	3,000	Yamaha Corp. (Leisure Products)		82
	6,100	Yamaha Motor Co. Ltd. (Automobile Components)		160
	13,300	Yamato Holdings Co. Ltd. (Air Freight & Logistics)^		217
	5,200	Yaskawa Electric Corp. (Machinery)		187
	4,900	Yokogawa Electric Corp. (Electronic Equipment, Instruments & Components)		95
	57,900	Z Holdings Corp. (Interactive Media & Services)		161
	1,900	Zensho Holdings Co. Ltd. (Hotels, Restaurants & Leisure)^		83
	7,200	ZOZO, Inc. (Specialty Retail) (b)		132
				84,706
		Luxembourg — 0.23%
	40,739	ArcelorMittal SA (Metals & Mining)		1,019
	7,802	Eurofins Scientific SE (Life Sciences Tools & Services)		440
	10,238	Tenaris SA (Energy Equipment & Services)		162
				1,621
		Netherlands — 2.90%
	12,428	ABN AMRO Bank N.V. (Banks)		176
	939	Adyen N.V. (Professional Services)(a)(b)		696
	44,717	Aegon Ltd. (Insurance)		216
	3,801	Akzo Nobel N.V. (Chemicals)		274
	1,329	Argenx SE (Biotechnology)(a)		650
	981	ASM International N.V. (Semiconductors & Semiconductor Equipment)		410

HC CAPITAL TRUST 

The Institutional International Equity Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Netherlands (continued)
	9,814	ASML Holding N.V. (Semiconductors & Semiconductor Equipment) (b)	$	5,776
	3,404	ASR Nederland N.V. (Insurance)		127
	1,596	BE Semiconductor Industries N.V. (Semiconductors & Semiconductor Equipment)		156
	5,733	Euronext N.V. (Capital Markets)		399
	2,231	EXOR N.V. (Financial Services)		197
	10,888	Ferrovial SE (Construction & Engineering)		333
	4,726	Heineken Holding N.V. (Beverages)		356
	16,094	Heineken N.V. (Beverages)		1,419
	1,169	IMCD N.V. (Trading Companies & Distributors) (b)		148
	77,322	ING Groep N.V. (Banks)		1,018
	14,072	JDE Peet's N.V. (Food Products) (b)		393
	29,345	Koninklijke Ahold Delhaize N.V. (Consumer Staples Distribution & Retail)		885
	170,831	Koninklijke KPN N.V. (Diversified Telecommunication Services)		563
	19,878	Koninklijke Philips N.V. (Health Care Equipment & Supplies)(a)		397
	8,346	NN Group N.V. (Insurance)		268
	12,320	OCI N.V. (Chemicals) (b)		343
	32,672	Prosus N.V. (Broadline Retail)(a) (b)		962
	11,235	QIAGEN N.V. (Life Sciences Tools & Services)(a)		453
	2,592	Randstad N.V. (Professional Services)		143
	43,098	Stellantis N.V. (Automobiles)		824
	47,699	Stellantis N.V. (Automobile Components)		913
	17,602	Universal Music Group N.V. (Entertainment)		459
	13,711	Wolters Kluwer N.V. (Professional Services)		1,660
				20,614
		New Zealand — 0.11%
	25,333	Auckland International Airport Ltd. (Transportation Infrastructure)		120
	12,606	Fisher & Paykel Healthcare Corp. Ltd. (Health Care Equipment & Supplies)		162
	14,981	Mercury NZ Ltd. (Electric Utilities)		55
	27,865	Meridian Energy Ltd. (Independent Power and Renewable Electricity Producers)		86
	40,576	Spark New Zealand Ltd. (Diversified Telecommunication Services)		117
	3,015	Xero Ltd. (Software)(a)		216
				756
		Norway — 0.48%
	6,318	Adevinta ASA (Interactive Media & Services)(a)		62
	6,851	Aker BP ASA (Oil, Gas & Consumable Fuels)		189
	19,469	DNB Bank ASA (Banks)		391
	45,049	Equinor ASA (Oil, Gas & Consumable Fuels)		1,479
	8,384	Gjensidige Forsikring ASA (Insurance)		123
	2,950	Kongsberg Gruppen ASA (Aerospace & Defense)		121
	9,859	Mowi ASA (Food Products) (b)		174
	27,809	Norsk Hydro ASA (Metals & Mining)		174
	28,897	Orkla ASA (Food Products)		216
	2,201	Salmar ASA (Food Products)		111
	21,968	Telenor ASA (Diversified Telecommunication Services)		249
	3,344	Yara International ASA (Chemicals)		126
				3,415

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Portugal – 0.08%
	67,084	EDP - Energias de Portugal SA (Electric Utilities)	$	278
	10,867	Galp Energia SGPS SA (Oil, Gas & Consumable Fuels) (b)		161
	6,126	Jeronimo Martins SGPS SA (Consumer Staples Distribution & Retail) (b)		138
				577
		Singapore — 0.74%
	110,538	CapitaLand Ascendas REIT (Industrial REITs)		222
	115,024	CapitaLand Integrated Commercial Trust (Retail REITs)		155
	56,400	CapitaLand Investment Ltd. (Real Estate Management & Development)		127
	10,900	City Developments Ltd. (Real Estate Management & Development)		53
	39,131	DBS Group Holdings Ltd. (Banks)		960
	172,500	Genting Singapore Ltd. (Hotels, Restaurants & Leisure)		107
	39,246	Grab Holdings Ltd. (Ground Transportation)(a)		139
	5,600	Jardine Cycle & Carriage Ltd. (Industrial Conglomerates)		131
	31,600	Keppel Corp. Ltd. (Industrial Conglomerates)		157
	143,190	Mapletree Logistics Trust (Industrial REITs)		176
	51,100	Mapletree Pan Asia Commercial Trust (Retail REITs)		53
	72,437	Oversea-Chinese Banking Corp. Ltd. (Banks)		678
	7,729	Sea Ltd., ADR (Entertainment)(a)		340
	920,887	Seatrium Ltd. (Machinery)(a)		90
	17,600	Sembcorp Industries Ltd. (Multi-Utilities)		65
	29,800	Singapore Airlines Ltd. (Passenger Airlines) (b)		141
	35,400	Singapore Exchange Ltd. (Capital Markets)		252
	71,900	Singapore Technologies Engineering Ltd. (Aerospace & Defense)		205
	207,240	Singapore Telecommunications Ltd. (Diversified Telecommunication Services)		367
	26,600	United Overseas Bank Ltd. (Banks)		554
	10,100	UOL Group Ltd. (Real Estate Management & Development)		47
	9,500	Venture Corp. Ltd. (Electronic Equipment, Instruments & Components)		86
	56,600	Wilmar International Ltd. (Food Products)		154
				5,259
		South Korea — 0.11%
	622	Samsung Electronics Co. Ltd., GDR (Technology Hardware, Storage & Peripherals)(		784
		Spain — 1.39%
	731	Acciona SA (Electric Utilities)		93
	4,763	ACS Actividades de Construccion y Servicios SA (Construction & Engineering)		171
	1,626	Aena SME SA (Transportation Infrastructure)		245
	20,793	Amadeus IT Group SA (Professional Services)		1,256
	127,785	Banco Bilbao Vizcaya Argentaria SA (Banks)		1,034
	345,069	Banco Santander SA (Banks) (b)		1,314
	88,602	CaixaBank SA (Banks)		353

HC CAPITAL TRUST 

The Institutional International Equity Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Spain (continued)
	18,360	Cellnex Telecom SA (Diversified Telecommunication Services)(b)	$	638
	7,040	Corp. ACCIONA Energias Renovables SA (Independent Power and Renewable Electricity Producers)		182
	6,192	EDP Renovaveis SA (Independent Power and Renewable Electricity Producers)		101
	16,062	Enagas SA (Gas Utilities) (b)		266
	11,745	Endesa SA (Electric Utilities)		239
	10,116	Grifols SA (Biotechnology)(a)		131
	141,212	Iberdrola SA (Electric Utilities)		1,579
	23,114	Industria de Diseno Textil SA (Specialty Retail)		860
	6,000	Naturgy Energy Group SA (Gas Utilities)		163
	21,640	Redeia Corp. SA (Electric Utilities)		341
	27,783	Repsol SA (Oil, Gas & Consumable Fuels)		457
	108,785	Telefonica SA (Diversified Telecommunication Services)		444
				9,867
		Sweden — 1.70%
	6,011	Alfa Laval AB (Machinery)		206
	21,421	Assa Abloy AB, Class - B (Building Products)		466
	58,189	Atlas Copco AB, Class - A (Machinery)		781
	32,668	Atlas Copco AB, Class - B (Machinery)		382
	8,377	Autoliv, Inc. (Automobile Components)		807
	8,154	Beijer Ref AB (Trading Companies & Distributors)		86
	7,274	Boliden AB (Metals & Mining)		209
	55,836	Epiroc AB, Class - A (Machinery)		1,060
	8,455	Epiroc AB, Class - B (Machinery)		135
	7,587	EQT AB (Capital Markets)		150
	18,446	Essity AB, Class - B (Household Products)		398
	3,905	Evolution AB (Hotels, Restaurants & Leisure)		394
	13,679	Fastighets AB Balder, B shares (Real Estate Management & Development)(a)		61
	8,990	Getinge AB, B shares (Health Care Equipment & Supplies)		158
	14,109	H & M Hennes & Mauritz AB, Class - B (Specialty Retail)		200
	44,699	Hexagon AB, Class - B (Electronic Equipment, Instruments & Components)		381
	4,857	Holmen AB, B shares (Paper & Forest Products)		189
	9,097	Husqvarna AB, B shares (Machinery)		69
	2,827	Industrivarden AB, Class - A (Financial Services) (b)		75
	4,409	Industrivarden AB, Class - C (Financial Services)		116
	5,924	Indutrade AB (Machinery)		109
	3,210	Investment AB Latour, Class - B (Industrial Conglomerates)		56
	36,850	Investor AB, Class - B (Financial Services)		706
	2,498	L E Lundbergforetagen AB, Class - B (Financial Services)		104
	4,621	Lifco AB, Class - B (Industrial Conglomerates)		81
	31,718	Nibe Industrier AB, Class - B (Building Products)		207
	4,030	Saab AB, Class - B (Aerospace & Defense)		206
	4,205	Sagax AB, Class - B (Real Estate Management & Development)		80
	22,315	Sandvik AB (Machinery)		411

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Sweden (continued)
	17,699	Securitas AB, Class – B (Commercial Services & Supplies)	$	140
	37,901	Skandinaviska Enskilda Banken AB, Class - A (Banks)		452
	7,376	Skanska AB, Class - B (Construction & Engineering)		121
	7,765	SKF AB, B shares (Machinery)		129
	19,257	Svenska Cellulosa AB SCA, Class - B (Paper & Forest Products)		264
	42,973	Svenska Handelsbanken AB, Class - A (Banks)		383
	23,352	Swedbank AB, Class - A (Banks)		430
	10,293	Swedish Orphan Biovitrum AB (Biotechnology)(a)		211
	29,545	Tele2 AB, B shares (Wireless Telecommunication Services)		226
	82,133	Telefonaktiebolaget LM Ericsson, Class - B (Communications Equipment)^		400
	125,575	Telia Co. AB (Diversified Telecommunication Services) (b)		260
	4,341	Volvo AB, Class - A (Machinery)		90
	32,071	Volvo AB, Class - B (Machinery)		661
	12,919	Volvo Car AB, Class - B (Automobile Components)(a)		52
				12,102
		Switzerland — 6.29%
	34,070	ABB Ltd., Registered Shares (Electrical Equipment)		1,216
	3,469	Adecco Group AG (Professional Services)(b)		143
	20,307	Alcon, Inc. (Health Care Equipment & Supplies)		1,567
	720	Bachem Holding AG (Life Sciences Tools & Services)		53
	3,207	Baloise Holding AG, Registered Shares (Insurance)		464
	4,699	Banque Cantonale Vaudoise, Registered Shares (Banks)		491
	286	Barry Callebaut AG, Registered Shares (Food Products) (b)		454
	2,693	BKW AG (Electric Utilities)		475
	4	Chocoladefabriken Lindt & Spruengli AG (Food Products)		438
	22	Chocoladefabriken Lindt & Spruengli AG, Class - PC (Food Products)		245
	16,554	Cie Financiere Richemont SA, Registered Shares (Textiles, Apparel & Luxury Goods)		2,016
	4,678	Clariant AG, Registered Shares (Chemicals)		74
	4,692	Coca-Cola HBC AG (Beverages)		128
	3,901	DSM-Firmenich AG (Chemicals)		330
	2,088	Dufry AG, Registered Shares (Specialty Retail)(a) (b)		79
	140	EMS-Chemie Holding AG (Chemicals)		95
	751	Geberit AG, Registered Shares (Building Products)		375
	222	Givaudan SA, Registered Shares (Chemicals)		723
	226,110	Glencore PLC (Metals & Mining) (b)		1,287
	1,817	Helvetia Holding AG, Registered Shares (Insurance)		254
	11,896	Holcim AG (Construction Materials) (b)		762
	4,475	Julius Baer Group Ltd. (Capital Markets)		287
	1,481	Kuehne + Nagel International AG, Registered Shares (Marine Transportation)		421

HC CAPITAL TRUST 

The Institutional International Equity Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Switzerland (continued)
	3,586	Logitech International SA, Registered Shares (Technology Hardware, Storage & Peripherals)	$	247
	2,984	Lonza Group AG, Registered Shares (Life Sciences Tools & Services) (b)		1,381
	66,554	Nestle SA, Registered Shares (Food Products)		7,537
	54,545	Novartis AG, Registered Shares (Pharmaceuticals)		5,573
	484	Partners Group Holding AG (Capital Markets)		543
	3,118	Roche Holding AG (Pharmaceuticals)		916
	15,621	Roche Holding AG (Pharmaceuticals)		4,266
	1,142	Schindler Holding AG (Machinery)		228
	509	Schindler Holding AG, Registered Shares (Machinery)		98
	5,788	SGS SA, Registered Shares (Professional Services) (b)		486
	16,443	SIG Group AG (Containers & Packaging) (b)		405
	5,827	Sika AG, Registered Shares (Chemicals) (b)		1,476
	1,125	Sonova Holding AG (Health Care Equipment & Supplies) (b)		266
	31,436	STMicroelectronics N.V. (Semiconductors & Semiconductor Equipment)		1,356
	2,336	Straumann Holding AG, Registered Shares (Health Care Equipment & Supplies)		297
	645	Swiss Life Holding AG (Insurance)		401
	5,975	Swiss Prime Site AG, Registered Shares (Real Estate Management & Development)		547
	7,764	Swiss Re AG (Insurance)		798
	1,315	Swisscom AG, Registered Shares (Diversified Telecommunication Services)		781
	1,379	Temenos AG, Registered Shares (Software)		96
	598	The Swatch Group AG (Textiles, Apparel & Luxury Goods)		153
	1,141	The Swatch Group AG (Textiles, Apparel & Luxury Goods)		56
	103,642	UBS Group AG (Capital Markets)		2,553
	557	VAT Group AG (Machinery)		199
	3,711	Zurich Insurance Group AG (Insurance)		1,699
				44,735
		Taiwan — 0.10%
	8,570	Taiwan Semiconductor Manufacturing Co. Ltd., ADR (Semiconductors & Semiconductor Equipment)		745
		United Kingdom — 8.80%
	20,808	3i Group PLC (Capital Markets)		524
	42,449	abrdn PLC (Capital Markets)		80
	12,085	Admiral Group PLC (Insurance)		350
	26,928	Anglo American PLC (Metals & Mining)		739
	9,529	Ashtead Group PLC (Trading Companies & Distributors)		578
	7,323	Associated British Foods PLC (Food Products)		184
	40,196	AstraZeneca PLC (Pharmaceuticals) (b)		5,420
	39,910	Auto Trader Group PLC (Interactive Media & Services)(b)		300
	58,667	Aviva PLC (Insurance)		278
	83,702	BAE Systems PLC (Aerospace & Defense)		1,016
	764,065	Barclays PLC (Banks) (b)		1,472
	20,601	Barratt Developments PLC (Household Durables) (b)		110

Shares		Security Description	Value (000)
		Common Stocks (continued)
		United Kingdom (continued)
	3,238	Berkeley Group Holdings PLC (Household Durables)	$	161
	501,168	BP PLC (Oil, Gas & Consumable Fuels)		3,230
	49,487	British American Tobacco PLC (Tobacco)		1,554
	138,810	BT Group PLC (Diversified Telecommunication Services)		197
	15,743	Bunzl PLC (Trading Companies & Distributors)		560
	8,054	Burberry Group PLC (Textiles, Apparel & Luxury Goods) (b)		187
	135,454	Centrica PLC (Multi-Utilities) (b)		255
	78,710	CNH Industrial N.V. (Machinery)		955
	6,519	Coca-Cola Europacific Partners PLC (Beverages)		408
	67,992	Compass Group PLC (Hotels, Restaurants & Leisure)		1,655
	5,941	Croda International PLC (Chemicals) (b)		355
	68,625	Diageo PLC (Beverages)		2,530
	17,117	Endeavour Mining PLC (Metals & Mining)		330
	13,508	Entain PLC (Hotels, Restaurants & Leisure) (b)		153
	142,395	GSK PLC (Pharmaceuticals)		2,576
	221,536	Haleon PLC (Personal Care Products) (b)		918
	11,553	Halma PLC (Electronic Equipment, Instruments & Components)		272
	7,712	Hargreaves Lansdown PLC (Capital Markets)		73
	10,491	Hikma Pharmaceuticals PLC (Pharmaceuticals) (b)		266
	421,586	HSBC Holdings PLC (Banks)		3,299
	23,531	Imperial Brands PLC (Tobacco)		477
	116,303	Informa PLC (Media)		1,062
	3,670	InterContinental Hotels Group PLC (Hotels, Restaurants & Leisure)		271
	6,231	Intertek Group PLC (Professional Services)		312
	113,496	J Sainsbury PLC (Consumer Staples Distribution & Retail)		349
	56,070	JD Sports Fashion PLC (Specialty Retail)		102
	3,970	Johnson Matthey PLC (Chemicals)		79
	91,283	Kingfisher PLC (Specialty Retail)		248
	14,172	Land Securities Group PLC (Diversified REITs)		102
	127,794	Legal & General Group PLC (Insurance)		345
	1,390,038	Lloyds Banking Group PLC (Banks)		747
	19,537	London Stock Exchange Group PLC (Capital Markets) (b)		1,957
	46,682	M&G PLC (Financial Services)		112
	28,892	Melrose Industries PLC (Aerospace & Defense)		165
	10,527	Mondi PLC (Paper & Forest Products)		176
	102,695	National Grid PLC (Multi-Utilities)		1,228
	391,192	NatWest Group PLC (Banks) (b)		1,119
	2,685	Next PLC (Broadline Retail)		238
	18,668	Ocado Group PLC (Consumer Staples Distribution & Retail)(a) (b)		136
	25,025	Pearson PLC (Diversified Consumer Services)		264
	6,326	Persimmon PLC (Household Durables)		83
	16,260	Phoenix Group Holdings PLC (Insurance)		95
	19,882	Reckitt Benckiser Group PLC (Household Products)		1,402
	68,768	RELX PLC (Professional Services)		2,320
	84,029	Rentokil Initial PLC (Commercial Services & Supplies)		624
	37,826	Rio Tinto PLC (Metals & Mining)		2,374
	180,355	Rolls-Royce Holdings PLC (Aerospace & Defense)(a)		483

HC CAPITAL TRUST 

The Institutional International Equity Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		United Kingdom (continued)
	19,339	Schroders PLC (Capital Markets)	$	96
	49,259	Segro PLC (Diversified REITs)		431
	15,340	Severn Trent PLC (Water Utilities) (b)		443
	169,275	Shell PLC (Oil, Gas & Consumable Fuels)		5,363
	21,614	Smith & Nephew PLC (Health Care Equipment & Supplies)		268
	7,389	Smiths Group PLC (Industrial Conglomerates)		145
	2,398	Spirax-Sarco Engineering PLC (Machinery)		277
	31,488	SSE PLC (Electric Utilities)		616
	11,795	St. James's Place PLC (Capital Markets)		119
	51,497	Standard Chartered PLC (Banks)		474
	76,573	Taylor Wimpey PLC (Household Durables) (b)		109
	230,174	Tesco PLC (Consumer Staples Distribution & Retail)		740
	43,693	The Sage Group PLC (Software)		526
	75,313	Unilever PLC (Personal Care Products)		3,725
	37,571	United Utilities Group PLC (Water Utilities)		434
	568,642	Vodafone Group PLC (Wireless Telecommunication Services)		533
	4,370	Whitbread PLC (Hotels, Restaurants & Leisure)		184
	12,917	Wise PLC, Class - A (Professional Services)(a)		108
	22,414	WPP PLC (Media)		200
				62,646
		United States — 0.12%
	3,085	Brookfield Renewable Corp., Class - A (Independent Power and Renewable Electricity Producers) (b)		74
	2,071	Linde PLC (Chemicals)		771
				845
		Total Common Stocks		415,719
		Exchange-Traded Fund — 0.02%
	1,667	iShares MSCI EAFE ETF		115
		Total Exchange-Traded Fund		115
		Investment Companies — 39.98%
	1,037,868	Aberdeen New Dawn Investment Trust PLC		3,153
	281,229	Aberforth Smaller Companies Trust PLC		4,204
	516,982	Abrdn UK Smaller Cos Growth Trust PLC		2,599
	122,104	Argo Investments Ltd.		680
	115,844	ASA Gold and Precious Metals Ltd.		1,544
	223,851	Australian Foundation Investment Co. Ltd.		987
	1,614,892	AVI Japan Opportunity Trust PLC		2,273
	2,244,534	Baillie Gifford European Growth Trust PLC		2,275
	1,235,802	Baillie Gifford Shin Nippon PLC		1,927
	1,016,942	Baillie Gifford UK Growth Trust PLC		1,933
	344,747	Bellevue Healthcare Trust PLC		578
	146,683	BlackRock Greater Europe Investment Trust PLC		890
	272,380	BlackRock Health Sciences Term Trust		3,925
	498,965	BlackRock Innovation and Growth Term Trust		3,473
	181,428	BlackRock Science and Technology Term Trust		2,994
	548,029	European Opportunities Trust PLC		5,351
	801,964	Federated Hermes Treasury Obligations Fund, Institutional Shares, 4.99%^^(d)		802
	422,147	Fidelity Emerging Markets Ltd.		3,064
	1,828,198	Fidelity Japan Trust PLC		3,628
	1,012,300	Fidelity Special Values PLC		3,360
	2,118,994	Henderson European Focus Trust PLC		4,033
	1,628,376	Henderson EuroTrust PLC		2,677

Shares		Security Description	Value (000)
		Investment Companies (continued)
	849,919	Japan Smaller Capitalization Fund, Inc.	$	6,043
	1,862,113	JPMorgan European Discovery Trust PLC		8,374
	7,782,827	JPMorgan European Growth & Income PLC		8,593
	859,938	JPMorgan Japan Small Cap Growth & Income PLC		3,179
	1,459,143	JPMorgan Japanese Investment Trust PLC		8,183
	94,834	JPMorgan US Smaller Cos. Investment Trust PLC		407
	1,670,107	Mercantile Investment Trust PLC		3,965
	165,010	Morgan Stanley China A Share Fund, Inc.		2,056
	633,490	Neuberger Berman Energy Infrastructure and Income Fund, Inc.		4,358
	436,017	Neuberger Berman Next Generation Connectivity Fund, Inc.		4,543
	749,267	Oakley Capital Investments Ltd.		4,095
	2,376,770	Polar Capital Global Financials Trust PLC		4,049
	190,094	Polar Capital Global Healthcare Trust PLC		737
	2,396,500	Regal Asian Investments Ltd.^		2,873
	2,692,880	Schroder Japan Trust PLC		7,802
	10,089,219	Schroders Capital Global Innovation Trust		1,852
	219,097	Smithson Investment Trust PLC		3,484
	122,019,118	State Street Institutional Treasury Plus Money Market Fund, Trust Class, 5.23%(d)		122,019
	895,841	Strategic Equity Capital PLC		3,360
	1,151,235	Temple Bar Investment Trust PLC		3,300
	1,841,780	Templeton Emerging Markets Investment Trust PLC		3,289
	455,445	The Baillie Gifford Japan Trust PLC		3,851
	586,536	The Edinburgh Investment Trust PLC		4,757
	1,725,905	The European Smaller Cos.		3,107
	256,163	The Monks Investment Trust PLC		2,933
	229,330	The New Germany Fund, Inc.		1,874
	964,156	WAM Global Ltd.		1,232
	1,008,150	Worldwide Healthcare Trust PLC/Fund		3,793
		Total Investment Companies		284,458
		Total Investments (cost $639,529) — 98.42%		700,292
		Other assets in excess of liabilities — 1.58%		11,224
		Net Assets - 100.00%	$	711,516

Amounts designated as "—" are $0 or have been rounded to $0.

^	All or part of this security was on loan as of September 30, 2023.
^^	Purchased with cash collateral held from securities lending. The value of the collateral could include collateral held for securities that were sold on or before September 30, 2023.
(a)	Represents non-income producing security.
(b)	Represents a security purchased under Rule 144A or Section 4(2) and is exempt from registration under the Securities Act of 1933, as amended, or is otherwise restricted to resale. Certain of these securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. These securities have been deemed liquid by the Specialist Manager.
(c)	Security was valued using significant unobservable inputs as of September 30, 2023.
(d)	Annualized 7-day yield as of period-end.

ADR—American Depositary Receipt

ETF—Exchange-Traded Fund

GDR—Global Depositary Receipt

REIT—Real Estate Investment Trust

HC CAPITAL TRUST 

The Institutional International Equity Portfolio 

Portfolio of Investments (concluded) — September 30, 2023 (Unaudited) 

The following table reflects the percentage of total net assets of the Portfolio attributable to each Specialist Manager as of September 30, 2023.

The Institutional International Equity Portfolio	City of London Investment Management  Company, Limited			Mellon Investments Corporation			Parametric Portfolio Associates, LLC			HC Capital Solutions			Total
Common Stocks		-			58.42	%		-			-			58.42	%
Exchange-Traded Funds		-			0.02	%		-			-			0.02	%
Investment Companies		22.89	%		0.17	%		16.90	%		0.02	%		39.98	%
Other Assets (Liabilities)		0.03	%		0.37	%		0.65	%		0.53	%		1.58	%
Total Net Assets		22.92	%		58.98	%		17.55	%		0.55	%		100.00	%

Amounts designated as "—" indicate the Specialist Manager did not manage any holdings in that category. 

The following table reflects the open derivative positions held by the Portfolio as of September 30, 2023.

Futures Contracts Purchased*

Description	Number of Contracts	Expiration Date		Notional Amount (000)		Value and Unrealized Appreciation/ (Depreciation) (000)
MSCI EAFE Index Future	1,285	12/15/23	$	131,166	$	(4,038	)
			$	131,166	$	(4,038	)
	Total Unrealized Appreciation				$	—
	Total Unrealized Depreciation					(4,038	)
	Total Net Unrealized Appreciation/(Depreciation)				$	(4,038	)

* Cash has been pledged as collateral for futures contracts held by the Portfolio.

HC CAPITAL TRUST 

The Emerging Markets Portfolio 

Portfolio of Investments — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks — 78.27%
		Brazil — 4.14%
	429,922	Ambev SA (Beverages)	$	1,122
	435,636	B3 SA - Brasil Bolsa Balcao (Capital Markets)		1,065
	230,432	Banco Bradesco SA (Banks)		581
	514,150	Banco Bradesco SA, Preference Shares (Banks) (b)		1,463
	90,794	Banco do Brasil SA (Banks)		852
	159,261	BB Seguridade Participacoes SA (Insurance)		989
	91,542	Centrais Eletricas Brasileiras SA (Electric Utilities)		672
	444,892	Cia Energetica de Minas Gerais, Preference Shares (Electric Utilities)		1,099
	98,100	Cia Siderurgica Nacional SA (Metals & Mining)		237
	25,620	Gerdau SA, Preference Shares (Metals & Mining)		123
	193,344	Hapvida Participacoes e Investimentos S/A (Health Care Providers & Services)(a)		181
	414,005	Itau Unibanco Holding SA, Preference Shares (Banks)		2,242
	64,365	JBS S/A (Food Products)		231
	144,200	Klabin SA (Containers & Packaging)		683
	103,765	Localiza Rent a Car SA (Ground Transportation)		1,209
	153,824	Lojas Renner SA (Specialty Retail)		410
	462,500	Magazine Luiza SA (Broadline Retail)(a)		195
	97,849	Natura & Co. Holding SA (Personal Care Products)(a) (b)		284
	695,182	Petroleo Brasileiro SA (Oil, Gas & Consumable Fuels) (b)		5,243
	32,857	Petroleo Brasileiro SA, Preference Shares (Oil, Gas & Consumable Fuels)		227
	93,520	PRIO SA (Oil, Gas & Consumable Fuels)(a)		875
	223,600	Raia Drogasil SA (Consumer Staples Distribution & Retail)		1,229
	108,800	Rumo SA (Ground Transportation) (b)		494
	41,400	Suzano SA (Paper & Forest Products)		447
	203,702	TIM SA (Wireless Telecommunication Services)		604
	225,652	Vale SA (Metals & Mining)		3,035
	243,850	WEG SA (Electrical Equipment)		1,760
				27,552
		Chile — 0.45%
	23,065	Banco de Credito e Inversiones SA (Banks)		591
	293,158	Empresas CMPC SA (Paper & Forest Products)		540
	7,657,528	Enel Americas SA (Electric Utilities)(a)		880
	7,027,795	Enel Chile SA (Electric Utilities)		427
	47,236	Falabella SA (Broadline Retail)		106
	7,697	Sociedad Quimica y Minera de Chile SA, Preference Shares (Chemicals)		458
				3,002
		China — 20.70%
	77,365	360 Security Technology, Inc., Class - A (Software)(a)		104
	7,995	3peak, Inc., Class - A (Semiconductors & Semiconductor Equipment)		200
	14,000	AAC Technologies Holdings, Inc. (Electronic Equipment, Instruments & Components)		24
	2,150,000	Agricultural Bank of China Ltd., H Shares (Banks)		800
	75,400	Air China Ltd., Class - A (Passenger Airlines)(a)		84

Shares		Security Description	Value (000)
		Common Stocks (continued)
		China (continued)
	700,000	Air China Ltd., H Shares (Passenger Airlines)(a)	$	471
	1,302,618	Alibaba Group Holding Ltd. (Broadline Retail)(a)		14,125
	314,000	Aluminum Corp of China Ltd., H Shares (Metals & Mining)		175
	155,700	Aluminum Corp. of China Ltd., Class - A (Metals & Mining)		134
	6,300	Anjoy Foods Group Co. Ltd., Class - A (Food Products)		107
	111,000	ANTA Sports Products Ltd. (Textiles, Apparel & Luxury Goods)		1,242
	5,814	Autohome, Inc., ADR (Interactive Media & Services)		176
	177,126	Baidu, Inc. (Interactive Media & Services)(a)		2,981
	5,524,100	Bank of China Ltd., H Shares (Banks)		1,925
	1,399,000	Bank of Communications Co. Ltd., H Shares (Banks)		845
	281,350	Beijing Dabeinong Technology Group Co. Ltd., Class - A (Food Products)		260
	144,823	Beijing Shiji Information Technology Co. Ltd., Class - A (Software)(a)		227
	9,449	Bilibili, Inc., ADR (Entertainment)(a)		130
	4,040	Bilibili, Inc., Class - Z (Entertainment)(a)		56
	32,000	BYD Co. Ltd. (Automobile Components) (b)		986
	70,553	BYD Co. Ltd., Class - A (Automobiles)		2,307
	115,500	BYD Electronic International Co. Ltd. (Communications Equipment)		525
	60,100	Chengxin Lithium Group Co. Ltd., Class - A (Chemicals)		185
	432,000	China Cinda Asset Management Co. Ltd., H Shares (Capital Markets)(b)		43
	134,900	China Communications Services Corp. Ltd., H Shares (Construction & Engineering)		57
	545,000	China Conch Venture Holdings Ltd. (Construction & Engineering)		464
	8,731,350	China Construction Bank Corp., H Shares (Banks)		4,909
	1,641,000	China Everbright Bank Co. Ltd., H Shares (Banks)		491
	110,000	China Feihe Ltd. (Food Products)		65
	69,200	China Galaxy Securities Co. Ltd., Class - A (Capital Markets)		105
	174,000	China Galaxy Securities Co. Ltd., H Shares (Capital Markets)		89
	53,600	China International Capital Corp. Ltd., Class - A (Capital Markets)		276
	50,800	China International Capital Corp. Ltd., H Shares (Capital Markets)		93
	1,115,000	China Life Insurance Co. Ltd., H Shares (Insurance)		1,728
	108,200	China Literature Ltd. (Entertainment)(a)(b)		394
	290,000	China Longyuan Power Group Corp. Ltd., H Shares (Independent Power and Renewable Electricity Producers)		252
	77,800	China Merchants Bank Co. Ltd., Class - A (Banks)		354
	410,500	China Merchants Bank Co. Ltd., H Shares (Banks)		1,704
	1,030,000	China National Building Material Co. Ltd., H Shares (Construction Materials) (b)		539
	80,850	China Northern Rare Earth Group High-Tech Co. Ltd., Class - A (Metals & Mining)		242

HC CAPITAL TRUST 

The Emerging Markets Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		China (continued)
	584,800	China Petroleum & Chemical Corp., Class - A (Oil, Gas & Consumable Fuels)	$	486
	1,643,400	China Petroleum & Chemical Corp., H Shares (Oil, Gas & Consumable Fuels)		894
	479,000	China Shenhua Energy Co. Ltd., H Shares (Oil, Gas & Consumable Fuels)		1,550
	846,000	China Southern Airlines Co. Ltd., H Shares (Passenger Airlines)(a)		410
	9,400	China Tourism Group Duty Free Corp. Ltd., Class - A (Specialty Retail)		138
	5,316,000	China Tower Corp. Ltd., H Shares (Diversified Telecommunication Services)		508
	71,100	China Vanke Co. Ltd., H Shares (Real Estate Management & Development) (b)		78
	12,400	Chongqing Brewery Co. Ltd., Class - A (Beverages)		145
	51,000	Chongqing Changan Automobile Co. Ltd., Class - A (Automobiles)		95
	55,650	Chongqing Zhifei Biological Products Co. Ltd., Class - A (Biotechnology)		371
	189,765	CITIC Securities Co. Ltd., Class - A (Capital Markets)		567
	83,000	CITIC Securities Co. Ltd., H Shares (Capital Markets)		168
	285,000	CMOC Group Ltd., H Shares (Metals & Mining)		182
	23,040	Contemporary Amperex Technology Co. Ltd., Class - A (Electrical Equipment)		644
	482,430	COSCO SHIPPING Holdings Co. Ltd., Class - A (Marine Transportation)		649
	124,800	COSCO SHIPPING Holdings Co. Ltd., H Shares (Marine Transportation)		128
	1,222,000	Country Garden Holdings Co. Ltd. (Real Estate Management & Development)^(a)		141
	195,678	Country Garden Services Holdings Co. Ltd. (Real Estate Management & Development)		200
	118,100	CSC Financial Co. Ltd., Class - A (Capital Markets)		400
	288,000	CSPC Pharmaceutical Group Ltd. (Pharmaceuticals) (b)		211
	4,307	Daqo New Energy Corp., ADR (Semiconductors & Semiconductor Equipment)(a)		130
	73,400	Dongfang Electric Corp. Ltd., Class - A (Electrical Equipment)		157
	202,590	East Money Information Co. Ltd., Class - A (Capital Markets)		425
	79,300	ENN Energy Holdings Ltd. (Gas Utilities)		653
	55,623	Eve Energy Co. Ltd., Class - A (Electrical Equipment)		345
	85,400	Fangda Carbon New Material Co. Ltd., Class - A (Electrical Equipment)(a)		68
	450,300	Focus Media Information Technology Co. Ltd., Class - A (Media)		442
	58,660	Foshan Haitian Flavouring & Food Co. Ltd., Class - A (Food Products)		307
	67,000	Fosun International Ltd. (Industrial Conglomerates)		42
	25,400	Fujian Sunner Development Co. Ltd., Class - A (Food Products)		67
	83,704	GDS Holdings Ltd., Class - A (IT Services)(a)		115

Shares		Security Description	Value (000)
		Common Stocks (continued)
		China (continued)
	110,000	Genscript Biotech Corp. (Life Sciences Tools & Services)(a) (b)	$	288
	112,200	GF Securities Co. Ltd., Class - A (Capital Markets)		226
	85,000	GF Securities Co. Ltd., H Shares (Capital Markets)		114
	2,400	Ginlong Technologies Co. Ltd., Class - A (Electrical Equipment)		26
	276,500	Great Wall Motor Co. Ltd. (Automobile Components)		328
	37,800	Gree Electric Appliances, Inc. of Zhuhai, Class - A (Household Durables)		189
	157,000	Guanghui Energy Co. Ltd., Class - A (Oil, Gas & Consumable Fuels)		164
	598,000	Guangzhou Automobile Group Co. Ltd., H Shares (Automobile Components)		295
	12,766	H World Group Ltd., ADR (Hotels, Restaurants & Leisure)(a)		503
	162,000	Haidilao International Holding Ltd. (Hotels, Restaurants & Leisure)		432
	111,100	Haier Smart Home Co. Ltd., Class - A (Household Durables)		361
	211,800	Haier Smart Home Co. Ltd., H Shares (Household Durables)		662
	100	Haitong Securities Co. Ltd., Class - A (Capital Markets)		—
	88,400	Haitong Securities Co. Ltd., H Shares (Capital Markets)		53
	160,500	Hengan International Group Co. Ltd. (Personal Care Products)		511
	45,000	Hengli Petrochemical Co. Ltd., Class - A (Chemicals)(a)		89
	10,100	Hithink RoyalFlush Information Network Co. Ltd., Class - A (Capital Markets)		208
	137,000	Hua Hong Semiconductor Ltd. (Semiconductors & Semiconductor Equipment)(a)(b)		344
	25,200	Huadong Medicine Co. Ltd., Class - A (Health Care Providers & Services)		146
	352,000	Huaneng Power International, Inc., H Shares (Independent Power and Renewable Electricity Producers)(a)(b)		170
	100	Huatai Securities Co. Ltd., Class - A (Capital Markets)		—
	59,000	Huatai Securities Co. Ltd., H Shares (Capital Markets)		75
	89,400	Iflytek Co. Ltd., Class - A (Software)		623
	6,214,440	Industrial & Commercial Bank of China Ltd., H Shares (Banks)		2,981
	222,200	Inner Mongolia BaoTou Steel Union Co. Ltd., Class - A (Metals & Mining)(a)		52
	128,500	Innovent Biologics, Inc. (Biotechnology)(a)		624
	23,184	Inspur Electronic Information Industry Co. Ltd., Class - A (Technology Hardware, Storage & Peripherals)		119
	22,650	iQIYI, Inc., ADR (Entertainment)(a)		107
	84,050	JD Health International, Inc. (Consumer Staples Distribution & Retail)(a)		432
	177,057	JD.com, Inc. (Broadline Retail)		2,576
	1,180,000	Jiangsu Expressway Co. Ltd., H Shares (Transportation Infrastructure)		1,064
	31	Jiangsu Hengrui Pharmaceuticals Co. Ltd., Class - A (Pharmaceuticals)		—
	14,100	Juewei Food Co. Ltd., Class - A (Food Products)		73
	12,389	Kanzhun Ltd., ADR (Interactive Media & Services)(a)		188

HC CAPITAL TRUST 

The Emerging Markets Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		China (continued)
	54,155	KE Holdings, Inc., ADR (Real Estate Management & Development)	$	840
	421,000	Kingdee International Software Group Co. Ltd. (Software)(a)		515
	62,000	Kingsoft Corp. Ltd. (Entertainment) (b)		223
	197,500	Kuaishou Technology, Class - W (Media)(a)		1,571
	5,400	Kweichow Moutai Co. Ltd., Class - A (Beverages)		1,339
	124,000	Lenovo Group Ltd. (Technology Hardware, Storage & Peripherals)		127
	46,500	Lens Technology Co. Ltd., Class - A (Electronic Equipment, Instruments & Components)		78
	101,414	Li Auto, Inc., Class - A (Automobiles)(a)		1,810
	229,000	Li Ning Co. Ltd. (Textiles, Apparel & Luxury Goods)		956
	131,819	Luxshare Precision Industry Co. Ltd., Class - A (Electronic Equipment, Instruments & Components)		541
	218,160	Meinian Onehealth Healthcare Holdings Co. Ltd., Class - A (Health Care Providers & Services)(a)		204
	401,828	Meituan, Class - W (Hotels, Restaurants & Leisure)(a)		5,818
	59,000	Microport Scientific Corp. (Health Care Equipment & Supplies)(a)		89
	7,806	MINISO Group Holding Ltd., ADR (Broadline Retail)		202
	7,280	Muyuan Foods Co. Ltd., Class - A (Food Products)		38
	168,600	NetEase, Inc. (Entertainment)		3,381
	20,200	New China Life Insurance Co. Ltd., Class - A (Insurance)		102
	171,200	New China Life Insurance Co. Ltd., H Shares (Insurance)		411
	121,600	New Oriental Education & Technology Group, Inc. (Diversified Consumer Services)(a)		720
	121,605	NIO, Inc., ADR (Automobiles)(a)		1,099
	23,520	Ovctek China, Inc., Class - A (Health Care Equipment & Supplies)		83
	111,600	Perfect World Co. Ltd., Class - A (Entertainment)		202
	456,300	PetroChina Co. Ltd., Class - A (Oil, Gas & Consumable Fuels)		499
	1,264,000	PetroChina Co. Ltd., H Shares (Oil, Gas & Consumable Fuels)		947
	330,000	PICC Property & Casualty Co. Ltd., H Shares (Insurance)		423
	751,517	Ping An Insurance Group Co. of China Ltd. (Insurance)		4,262
	345,600	Rongsheng Petrochemical Co. Ltd., Class - A (Chemicals)		565
	45,700	SAIC Motor Corp. Ltd., Class - A (Automobiles)		93
	16,300	Seres Group Co. Ltd., Class - A (Automobiles)(a)		125
	120,299	Shandong Buchang Pharmaceuticals Co. Ltd., Class - A (Pharmaceuticals)		296
	136,100	Shanghai Electric Group Co. Ltd., Class - A (Electrical Equipment)(a)		87
	9,000	Shanghai Junshi Biosciences Co. Ltd., Class - A (Biotechnology)(a)		47
	921,300	Shanghai Pharmaceuticals Holding Co. Ltd., H Shares (Health Care Providers & Services)		1,435

Shares		Security Description	Value (000)
		Common Stocks (continued)
		China (continued)
	6,090	Shanghai Putailai New Energy Technology Co. Ltd., Class - A (Chemicals)	$	24
	82,200	Shanxi Meijin Energy Co. Ltd., Class - A (Metals & Mining)(a)		79
	57,920	Shenzhen Kangtai Biological Products Co. Ltd., Class - A (Biotechnology)(a)		233
	99,700	Shenzhou International Group Holdings Ltd. (Textiles, Apparel & Luxury Goods) (b)		948
	26,100	Sichuan Kelun Pharmaceutical Co. Ltd., Class - A (Pharmaceuticals)		104
	18,700	Sichuan New Energy Power Co. Ltd., Class - A (Trading Companies & Distributors)(a)		31
	50,000	Silergy Corp. (Semiconductors & Semiconductor Equipment)		474
	169,000	Smoore International Holdings Ltd. (Tobacco)		153
	233,617	Songcheng Performance Development Co. Ltd., Class - A (Hotels, Restaurants & Leisure)		392
	5,000	StarPower Semiconductor Ltd., Class - A (Semiconductors & Semiconductor Equipment)		123
	124,127	Sunny Optical Technology Group Co. Ltd. (Electronic Equipment, Instruments & Components)		860
	30,900	Suzhou Dongshan Precision Manufacturing Co. Ltd., Class - A (Electronic Equipment, Instruments & Components)		73
	13,568	Suzhou Maxwell Technologies Co. Ltd., Class - A (Electrical Equipment)		236
	45,497	TAL Education Group, ADR (Diversified Consumer Services)(a)		414
	525,386	Tencent Holdings Ltd. (Interactive Media & Services) (b)		20,368
	55,429	Tencent Music Entertainment Group, ADR (Entertainment)(a)		354
	38,100	Trip.com Group Ltd. (Hotels, Restaurants & Leisure)(a)		1,343
	30,940	Unisplendour Corp. Ltd., Class - A (Electronic Equipment, Instruments & Components)(a)		100
	40,691	Vipshop Holdings Ltd., ADR (Broadline Retail)(a)		651
	81,675	Walvax Biotechnology Co. Ltd., Class - A (Biotechnology)		264
	8,500	Weibo Corp., ADR (Interactive Media & Services)		107
	50,500	Weichai Power Co. Ltd., Class - A (Machinery)		87
	54,000	Weichai Power Co. Ltd., H Shares (Machinery)		73
	44,260	Wens Foodstuffs Group Co. Ltd., Class - A (Food Products)		106
	134,279	Wuhan Guide Infrared Co. Ltd., Class - A (Electronic Equipment, Instruments & Components)		140
	19,900	Wuliangye Yibin Co. Ltd., Class - A (Beverages)		429
	30,360	WUS Printed Circuit Kunshan Co. Ltd., Class - A (Electronic Equipment, Instruments & Components)		94
	27,200	WuXi AppTec Co. Ltd., Class - A (Life Sciences Tools & Services)		323

HC CAPITAL TRUST 

The Emerging Markets Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		China (continued)
	30,340	WuXi AppTec Co. Ltd., H Shares (Life Sciences Tools & Services)^	$	362
	323,500	Wuxi Biologics Cayman, Inc. (Life Sciences Tools & Services)(a)		1,880
	1,203,000	Xiaomi Corp., Class - W (Technology Hardware, Storage & Peripherals)(a)(b)		1,885
	51,700	Xinjiang Goldwind Science & Technology Co. Ltd., Class - A (Electrical Equipment)		65
	468,481	Xinyi Solar Holdings Ltd. (Semiconductors & Semiconductor Equipment)		348
	98,064	XPeng, Inc., A Shares (Automobiles)(a)		896
	366,000	Yadea Group Holdings Ltd. (Automobile Components)(b)		678
	30,900	Yankuang Energy Group Co. Ltd., Class - A (Oil, Gas & Consumable Fuels)		86
	219,000	Yankuang Energy Group Co. Ltd., H Shares (Oil, Gas & Consumable Fuels)		413
	60,970	Yealink Network Technology Corp. Ltd., Class - A (Communications Equipment)		298
	61,000	Yihai International Holding Ltd. (Food Products)		105
	76,440	Yintai Gold Co. Ltd., Class - A (Metals & Mining)		148
	124,076	Yonyou Network Technology Co. Ltd., Class - A (Software)		283
	45,851	Yum China Holdings, Inc. (Hotels, Restaurants & Leisure)		2,555
	27,030	Yunda Holding Co. Ltd., Class - A (Air Freight & Logistics)		37
	10,800	Yunnan Energy New Material Co. Ltd., Class - A (Chemicals)		89
	73,000	Zai Lab Ltd. (Biotechnology)(a)		179
	13,100	Zhangzhou Pientzehuang Pharmaceutical Co. Ltd., Class - A (Pharmaceuticals)		495
	51,400	Zhejiang Century Huatong Group Co. Ltd., Class - A (Entertainment)(a)		34
	13,440	Zhejiang Dingli Machinery Co. Ltd., Class - A (Machinery)		97
	1,094,000	Zhejiang Expressway Co. Ltd., H Shares (Transportation Infrastructure)		814
	8,200	Zhejiang Supor Co. Ltd., Class - A (Household Durables)		55
	75,900	Zheshang Securities Co. Ltd., Class - A (Capital Markets)		105
	29,200	ZhongAn Online P&C Insurance Co. Ltd., H Shares (Insurance)(a)		86
	15,300	Zhongji Innolight Co. Ltd., Class - A (Communications Equipment)		244
	63,500	Zhongsheng Group Holdings Ltd. (Specialty Retail)		178
	530,500	Zijin Mining Group Co. Ltd., Class - A (Metals & Mining)		883
	218,000	Zijin Mining Group Co. Ltd., H Shares (Metals & Mining)		330
	325,100	Zoomlion Heavy Industry Science and Technology Co. Ltd., Class - A (Machinery)		306
	169,800	ZTE Corp., Class - A (Communications Equipment)		762
	96,000	ZTE Corp., H Shares (Communications Equipment)		289
	27,491	ZTO Express Cayman, Inc., ADR (Air Freight & Logistics)		664
				137,973

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Cyprus — 0.00%
	7,712	TCS Group Holding PLC, GDR (Banks)(a)(c)	$	—
		Czech Republic — 0.10%
	190,434	Moneta Money Bank A/S (Banks)(b)		692
		Egypt — 0.09%
	294,053	Commercial International Bank Egypt SAE (Banks)		572
		Greece — 0.27%
	51,559	Alpha Services and Holdings SA (Banks)		68
	116,923	Hellenic Telecommunications Organization SA (Diversified Telecommunication Services)		1,705
				1,773
		Hong Kong — 1.39%
	348,000	Alibaba Health Information Technology Ltd. (Consumer Staples Distribution & Retail)(a)(b)		215
	1,039,733	Beijing Enterprises Water Group Ltd. (Water Utilities) (b)		226
	712,182	China Everbright Environment Group Ltd. (Commercial Services & Supplies)		245
	1,674,121	China Jinmao Holdings Group Ltd. (Real Estate Management & Development)		215
	126,000	China Mengniu Dairy Co. Ltd. (Food Products) (b)		420
	270,000	China Overseas Land & Investment Ltd. (Real Estate Management & Development)		558
	102,000	China Resources Beer Holdings Co. Ltd. (Beverages)		557
	910,000	China Resources Cement Holdings Ltd. (Construction Materials) (b)		233
	633,761	China Resources Land Ltd. (Real Estate Management & Development)		2,516
	500,143	China Resources Power Holdings Co. Ltd. (Independent Power and Renewable Electricity Producers)		952
	532,000	China Ruyi Holdings Ltd. (Entertainment)(a)		137
	112,000	China State Construction International Holdings Ltd. (Construction & Engineering)		118
	79,400	China Taiping Insurance Holdings Co. Ltd. (Insurance) (b)		79
	1,172,000	Far East Horizon Ltd. (Financial Services)		843
	1,688,000	GCL Technology Holdings Ltd. (Semiconductors & Semiconductor Equipment)		313
	536,000	Geely Automobile Holdings Ltd. (Automobiles) (b)		629
	122,500	Kingboard Holdings Ltd. (Electronic Equipment, Instruments & Components)		274
	332,000	Kingboard Laminates Holdings Ltd. (Electronic Equipment, Instruments & Components) (b)		234
	735,000	Sino Biopharmaceutical Ltd. (Pharmaceuticals)(b)		265
	209,600	Yuexiu Property Co. Ltd. (Real Estate Management & Development)		241
				9,270
		Hungary — 0.27%
	62,779	MOL Hungarian Oil & Gas PLC (Oil, Gas & Consumable Fuels)		476
	172	OTP Bank Nyrt (Banks)		6

HC CAPITAL TRUST 

The Emerging Markets Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Hungary (continued)
	54,565	Richter Gedeon Nyrt (Pharmaceuticals)	$	1,323
				1,805
		India — 12.02%
	15,407	Adani Enterprises Ltd. (Trading Companies & Distributors)		446
	32,957	Adani Green Energy Ltd. (Independent Power and Renewable Electricity Producers)(a)		392
	123,743	Adani Ports & Special Economic Zone Ltd. (Transportation Infrastructure)		1,227
	96,565	Adani Power Ltd. (Independent Power and Renewable Electricity Producers)(a)		439
	212,891	Ambuja Cements Ltd. (Construction Materials)		1,085
	8,752	Apollo Hospitals Enterprise Ltd. (Health Care Providers & Services)		540
	25,951	Asian Paints Ltd. (Chemicals)		986
	34,614	Aurobindo Pharma Ltd. (Pharmaceuticals) (b)		380
	56,857	Avenue Supermarts Ltd. (Consumer Staples Distribution & Retail)(a)(b)		2,511
	259,886	Axis Bank Ltd. (Banks) (b)		3,235
	17,379	Bajaj Auto Ltd. (Automobile Components)		1,057
	34,104	Bajaj Finance Ltd. (Consumer Finance) (b)		3,199
	77,010	Bajaj Finserv Ltd. (Financial Services)		1,424
	216,368	Bharat Petroleum Corp. Ltd. (Oil, Gas & Consumable Fuels) (b)		903
	8,699	Bharti Airtel Ltd. (Wireless Telecommunication Services) (b)		97
	8,842,285	Chennai Super Kings Cricket Ltd. (Entertainment)(a)(c)		—
	75,285	Cholamandalam Investment and Finance Co. Ltd. (Consumer Finance)		1,101
	603,311	Coal India Ltd. (Oil, Gas & Consumable Fuels) (b)		2,140
	33,142	Dr. Reddy's Laboratories Ltd., ADR (Pharmaceuticals)		2,216
	17,545	Eicher Motors Ltd. (Automobiles) (b)		727
	478,101	GAIL India Ltd. (Gas Utilities)		715
	138,532	HCL Technologies Ltd. (IT Services)		2,053
	228,795	HDFC Bank Ltd. (Banks)		4,197
	46,133	Hindustan Unilever Ltd. (Personal Care Products) (b)		1,368
	495,827	ICICI Bank Ltd. (Banks) (b)		5,682
	3,542	Info Edge India Ltd. (Interactive Media & Services)		177
	233,876	Infosys Ltd. (IT Services)		4,019
	17,988	InterGlobe Aviation Ltd. (Passenger Airlines)(a)		515
	480,232	ITC Ltd. (Tobacco) (b)		2,566
	296,119	Jio Financial Services Ltd. (Financial Services)(a)		824
	29,227	Kotak Mahindra Bank Ltd. (Banks) (b)		609
	5,740	Larsen & Toubro Ltd. (Construction & Engineering) (b)		209
	32,674	Mahindra & Mahindra Ltd. (Automobile Components)		610
	2,948	Maruti Suzuki India Ltd. (Automobiles)		376
	543,033	NTPC Ltd. (Independent Power and Renewable Electricity Producers) (b)		1,603
	231,740	Oil & Natural Gas Corp. Ltd. (Oil, Gas & Consumable Fuels) (b)		534
	31,703	Pidilite Industries Ltd. (Chemicals)		930
	296,119	Reliance Industries Ltd. (Oil, Gas & Consumable Fuels)		8,339
	30,301	SBI Life Insurance Co. Ltd. (Insurance)		475

Shares		Security Description	Value (000)
		Common Stocks (continued)
		India (continued)
	5,875	Shree Cement Ltd. (Construction Materials) (b)	$	1,798
	234,732	State Bank of India (Banks) (b)		1,686
	66,808	Tata Consultancy Services Ltd. (IT Services) (b)		2,829
	191,775	Tata Motors Ltd. (Automobile Components) (b)		1,451
	1,867,110	Tata Steel Ltd. (Metals & Mining)		2,888
	38,639	Titan Co. Ltd. (Textiles, Apparel & Luxury Goods)		1,462
	12,941	Trent Ltd. (Specialty Retail)		323
	22,694	UltraTech Cement Ltd. (Construction Materials)		2,251
	222,144	United Spirits Ltd. (Beverages)(a)		2,688
	172,397	Vedanta Ltd. (Metals & Mining) (b)		460
	345,442	Wipro Ltd. (IT Services) (b)		1,682
	1,074,947	Yes Bank Ltd. (Banks)(a) (b)		223
	391,468	Zomato Ltd. (Hotels, Restaurants & Leisure)(a) (b)		477
				80,124
		Indonesia — 1.71%
	360,200	Aneka Tambang Tbk (Metals & Mining)		42
	32,225,600	GoTo Gojek Tokopedia Tbk PT (Broadline Retail)(a)		176
	2,110,400	PT Astra International Tbk (Automobile Components)		848
	4,904,385	PT Bank Central Asia Tbk (Banks)		2,796
	5,393,700	PT Bank Rakyat Indonesia Persero Tbk (Banks)		1,822
	833,271	PT Barito Pacific Tbk (Chemicals)		70
	1,875,600	PT Charoen Pokphand Indonesia Tbk (Food Products)(a)		658
	345,000	PT Indah Kiat Pulp & Paper Tbk (Paper & Forest Products)		247
	2,093,700	PT Indofood Sukses Makmur Tbk (Food Products)		897
	17,899,235	PT Kalbe Farma Tbk (Pharmaceuticals)		2,030
	237,400	PT Merdeka Copper Gold Tbk (Metals & Mining)(a) (b)		44
	621,400	PT Semen Indonesia Persero Tbk (Construction Materials)		258
	5,748,850	PT Telkom Indonesia Persero Tbk (Diversified Telecommunication Services) (b)		1,394
	63,800	PT United Tractors Tbk (Oil, Gas & Consumable Fuels)		116
				11,398
		Ireland (Republic of) — 0.71%
	48,284	PDD Holdings, Inc., ADR (Broadline Retail)(a)		4,735
		Kuwait — 0.27%
	346,467	Boubyan Bank KSCP (Banks)		677
	469,648	Kuwait Finance House KSCP (Banks)		1,112
				1,789
		Malaysia — 1.66%
	241,900	AMMB Holdings Berhad (Banks)		191
	60,200	CELCOMDIGI Berhad (Wireless Telecommunication Services)		56
	1,488,900	Dialog Group Berhad (Energy Equipment & Services)		671
	1,093,800	IHH Healthcare Berhad (Health Care Providers & Services)		1,360
	1,283,100	IOI Corp. Berhad (Food Products)		1,086
	378,796	Malayan Banking Berhad (Banks)		709

HC CAPITAL TRUST 

The Emerging Markets Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Malaysia (continued)
	1,199,000	Malaysia Airports Holdings Berhad (Transportation Infrastructure)	$	1,821
	581,500	Maxis Berhad (Wireless Telecommunication Services) (b)		500
	15,300	Petronas Gas Berhad (Gas Utilities)		55
	949,200	Press Metal Aluminium Holdings Berhad (Metals & Mining) (b)		951
	1,142,400	Public Bank Berhad (Banks)		987
	1,262,600	QL Resources Berhad (Food Products)		1,469
	558,900	Sime Darby Berhad (Industrial Conglomerates)		263
	1,028,100	Sime Darby Plantation Berhad (Food Products)		936
				11,055
		Mexico — 2.11%
	1,291,300	America Movil SAB de CV, Class - B (Wireless Telecommunication Services)		1,118
	1,050,300	Cemex SAB de CV (Construction Materials)(a)		685
	138,800	Coca-Cola Femsa SAB de CV (Beverages)		1,090
	156,300	Fibra Uno Administracion SA de CV (Diversified REITs) (b)		261
	365,140	Fomento Economico Mexicano SAB de CV (Beverages)		3,987
	43,945	Grupo Aeroportuario del Sureste SAB de CV, Class - B (Transportation Infrastructure)		1,076
	142,198	Grupo Bimbo SAB de CV, Class - A (Food Products)		686
	152,000	Grupo Financiero Banorte SAB de CV, Class - O (Banks)		1,275
	404,517	Grupo Mexico SAB de CV, Class - B (Metals & Mining)		1,915
	255,700	Grupo Televisa SAB (Media)		155
	454,300	Kimberly-Clark de Mexico SAB de CV, Class - A (Household Products)		905
	439,825	Orbia Advance Corp SAB de CV (Chemicals)		914
				14,067
		Peru — 0.33%
	109,508	Cia de Minas Buenaventura SAA, ADR (Metals & Mining)		933
	9,691	Credicorp Ltd. (Banks)		1,240
				2,173
		Philippines — 0.89%
	1,181,140	Aboitiz Equity Ventures, Inc. (Industrial Conglomerates)(b)		1,047
	1,797,673	Metropolitan Bank & Trust Co. (Banks)		1,715
	17,765	PLDT, Inc. (Wireless Telecommunication Services)		369
	187,693	SM Investments Corp. (Industrial Conglomerates)		2,797
				5,928
		Poland — 0.38%
	97,123	Bank Polska Kasa Opieki SA (Banks)(b)		2,234
	3,287	CD Projekt SA (Entertainment)		94
	3,670	KGHM Polska Miedz SA (Metals & Mining)		94
	13,430	Powszechny Zaklad Ubezpieczen SA (Insurance) (b)		127
				2,549

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Qatar — 0.82%
	46,759	Industries Qatar QSC (Industrial Conglomerates)	$	176
	962,524	Masraf Al Rayan QSC (Banks)		590
	370,757	Mesaieed Petrochemical Holding Co. (Chemicals)		189
	121,012	Qatar Fuel QSC (Oil, Gas & Consumable Fuels)		549
	55,762	Qatar International Islamic Bank QSC (Banks)		147
	187,807	Qatar Islamic Bank SAQ (Banks)		958
	508,820	Qatar National Bank QPSC (Banks)		2,154
	459,841	The Commercial Bank PSQC (Banks)		682
				5,445
		Russia — 0.00%
	877,850	Gazprom PJSC (Oil, Gas & Consumable Fuels)(c)		—
	280,855	Gazprom PJSC, ADR (Oil, Gas & Consumable Fuels)(a)(c)		—
	23,471	LUKOIL PJSC (Oil, Gas & Consumable Fuels)(c)		—
	32,986	LUKOIL PJSC (Oil, Gas & Consumable Fuels)(c)		—
	102,050	Novatek PJSC (Oil, Gas & Consumable Fuels)(c)		—
	38,369	Polymetal International PLC (Metals & Mining)(a)(c)		—
	3,734	Polyus PJSC (Metals & Mining)(a)(c)		—
	357,956	Sberbank of Russia PJSC (Banks)(c)		—
	113,164	Severstal PAO, GDR (Metals & Mining)(a)(c)		—
	125,880	Tatneft PJSC (Oil, Gas & Consumable Fuels)(c)		—
	766,486	The Moscow Exchange (Capital Markets)(c)		—
	814,600,000	VTB Bank PJSC (Banks)(a)(c)		—
	31,318	Yandex N.V., Class - A (Interactive Media & Services)(a)(c)		—
				—
		Saudi Arabia — 3.22%
	159,310	Al Rajhi Bank (Banks)		2,887
	4,497	Almarai Co. JSC (Food Products)		76
	77,181	Banque Saudi Fransi (Banks)		752
	21,193	Bupa Arabia for Cooperative Insurance Co. (Insurance)		1,175
	285,772	Dar Al Arkan Real Estate Development Co. (Real Estate Management & Development)(a)		1,202
	1,354	Dr. Sulaiman Al Habib Medical Services Group Co. (Health Care Providers & Services)		85
	11,068	Elm Co. (IT Services)		2,302
	17,324	Mobile Telecommunications Co. Saudi Arabia (Wireless Telecommunication Services)		61
	172,781	Riyad Bank (Banks)		1,279
	49,704	SABIC Agri-Nutrients Co. (Chemicals)		1,764
	46,591	Sahara International Petrochemical Co. (Chemicals)		470
	249,566	Saudi Arabian Mining Co. (Metals & Mining)(a)		2,688
	71,146	Saudi Awwal Bank (Banks) (b)		655
	62,760	Saudi Basic Industries Corp. (Chemicals)		1,382
	72,167	Saudi Industrial Investment Group (Chemicals)		458
	110,340	Saudi Kayan Petrochemical Co. (Chemicals)(a)		368
	6,543	Saudi Tadawul Group Holding Co. (Capital Markets)		337

HC CAPITAL TRUST 

The Emerging Markets Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Saudi Arabia (continued)
	121,265	Saudi Telecom Co. (Diversified Telecommunication Services)(b)	$	1,216
	221,316	The Saudi National Bank (Banks)		1,936
	37,378	The Savola Group (Food Products)		359
				21,452
		Singapore - 0.01%
	1,500	JOYY, Inc., ADR (Interactive Media & Services)		57
		South Africa — 2.52%
	43,142	Absa Group Ltd. (Banks)		398
	7,411	Anglo American Platinum Ltd. (Metals & Mining)		277
	11,124	Aspen Pharmacare Holdings Ltd. (Pharmaceuticals)		101
	61,875	Bid Corp. Ltd. (Consumer Staples Distribution & Retail)		1,380
	6,145	Capitec Bank Holdings Ltd. (Banks)		556
	229,901	Discovery Ltd. (Insurance) (b)		1,666
	583,993	FirstRand Ltd. (Financial Services)		1,967
	57,103	Gold Fields Ltd. (Metals & Mining) (b)		619
	399,656	Growthpoint Properties Ltd. (Diversified REITs) (b)		223
	48,655	Impala Platinum Holdings Ltd. (Metals & Mining)		254
	270,984	MTN Group Ltd. (Wireless Telecommunication Services)		1,616
	19,542	Naspers Ltd., Class - N (Broadline Retail)(a)		3,128
	20,893	Nedbank Group Ltd. (Banks) (b)		223
	144,156	Old Mutual Ltd. (Insurance)		92
	15,002	Remgro Ltd. (Financial Services)		118
	34,236	Sanlam Ltd. (Insurance) (b)		119
	54,300	Sasol Ltd. (Chemicals)		746
	9,822	Shoprite Holdings Ltd. (Consumer Staples Distribution & Retail)		124
	455,387	Sibanye Stillwater Ltd. (Metals & Mining)		699
	198,044	Standard Bank Group Ltd. (Banks)		1,922
	31,869	The Bidvest Group Ltd. (Industrial Conglomerates)		459
	22,743	Woolworths Holdings Ltd. (Broadline Retail) (b)		82
				16,769
		South Korea — 9.42%
	2,121	Amorepacific Corp. (Personal Care Products)		192
	7,593	Celltrion Healthcare Co. Ltd. (Health Care Providers & Services) (b)		354
	9,397	Celltrion, Inc. (Biotechnology) (b)		970
	2,884	CJ CheilJedang Corp. (Food Products)		655
	22,426	Coway Co. Ltd. (Household Durables)		685
	10,846	DB Insurance Co. Ltd. (Insurance) (b)		719
	56,450	Doosan Enerbility Co. Ltd. (Electrical Equipment)(a) (b)		687
	1,553	Ecopro Co. Ltd. (Chemicals)		1,031
	1,990	GS Holdings Corp. (Industrial Conglomerates)		59
	14,221	Hana Financial Group, Inc. (Banks)		446
	2,925	Hankook Tire & Technology Co. Ltd. (Automobile Components)		86
	25,998	Hanon Systems (Automobile Components)		181
	6,585	Hanwha Solutions Corp. (Chemicals)(a)		145
	9,376	HD Korea Shipbuilding & Offshore Engineering Co. Ltd. (Machinery)(a)		771
	9,227	HLB, Inc. (Health Care Equipment & Supplies)(a)		205
	16,423	HMM Co. Ltd. (Marine Transportation)		198
	5,698	Hotel Shilla Co. Ltd. (Specialty Retail)		357

Shares		Security Description	Value (000)
		Common Stocks (continued)
		South Korea (continued)
	20,595	Hyundai Engineering & Construction Co. Ltd. (Construction & Engineering)	$	553
	8,869	Hyundai Mobis Co. Ltd. (Automobile Components)		1,579
	5,485	Hyundai Motor Co. (Automobile Components)		776
	6,687	Hyundai Motor Co., Preference Shares (Automobiles)		520
	11,127	Hyundai Motor Co., Series 2, Preference Shares (Automobiles)		872
	11,325	Industrial Bank of Korea (Banks)		94
	18,004	Kakao Corp. (Interactive Media & Services)		588
	16,639	KakaoBank Corp. (Banks)		288
	61,371	Kangwon Land, Inc. (Hotels, Restaurants & Leisure)		687
	27,540	KB Financial Group, Inc. (Banks) (b)		1,123
	25,407	Kia Corp. (Automobile Components)		1,529
	77,662	Korea Electric Power Corp. (Electric Utilities)(a)		1,033
	2,360	Krafton, Inc. (Entertainment)(a)		263
	17,714	KT&G Corp. (Tobacco) (b)		1,131
	7,095	Kumho Petrochemical Co. Ltd. (Chemicals)		704
	929	L&F Co. Ltd. (Electronic Equipment, Instruments & Components)		119
	3,143	LG Chem Ltd. (Chemicals)		1,151
	1,665	LG Chem Ltd., Preference Shares (Chemicals)		383
	25,780	LG Display Co. Ltd. (Electronic Equipment, Instruments & Components)		250
	4,131	LG Electronics, Inc. (Household Durables)		308
	2,766	LG Energy Solution Ltd. (Electrical Equipment)(a)		976
	1,179	LG H&H Co. Ltd. (Personal Care Products)		389
	2,237	LG Innotek Co. Ltd. (Electronic Equipment, Instruments & Components)		405
	65,000	Mirae Asset Securities Co. Ltd. (Capital Markets)		311
	11,210	NAVER Corp. (Interactive Media & Services)		1,676
	138,644	Pan Ocean Co. Ltd. (Marine Transportation)		508
	7,647	Pearl Abyss Corp. (Entertainment)(a)		264
	3,222	POSCO Future M Co. Ltd. (Construction Materials)		852
	6,030	POSCO Holdings, Inc. (Metals & Mining)		2,376
	2,116	Samsung Biologics Co. Ltd. (Life Sciences Tools & Services)(a)		1,068
	5,357	Samsung Electro-Mechanics Co. Ltd. (Electronic Equipment, Instruments & Components)		544
	368,770	Samsung Electronics Co. Ltd. (Technology Hardware, Storage & Peripherals)		18,645
	57,211	Samsung Electronics Co. Ltd., Preference Shares (Technology Hardware, Storage & Peripherals)		2,305
	54,624	Samsung Engineering Co. Ltd. (Construction & Engineering)(a)(b)		1,223
	7,638	Samsung Fire & Marine Insurance Co. Ltd. (Insurance)		1,469
	4,007	Samsung SDI Co. Ltd. (Electronic Equipment, Instruments & Components)		1,515
	44,912	Shinhan Financial Group Co. Ltd. (Banks)		1,182
	45,837	SK Hynix, Inc. (Semiconductors & Semiconductor Equipment)		3,880
	433	SK IE Technology Co. Ltd. (Chemicals)(a)		24
	6,875	SK Innovation Co. Ltd. (Oil, Gas & Consumable Fuels)(a)		754

HC CAPITAL TRUST 

The Emerging Markets Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		South Korea (continued)
	18,697	SK Square Co. Ltd. (Semiconductors & Semiconductor Equipment)(a)	$	587
	10,357	Woori Financial Group, Inc. (Banks)		94
				62,739
		Taiwan — 11.40%
	46,904	Airtac International Group (Machinery)		1,425
	378,672	ASE Technology Holding Co. Ltd. (Semiconductors & Semiconductor Equipment)		1,293
	532,971	Asia Cement Corp. (Construction Materials)		657
	79,000	Asustek Computer, Inc. (Technology Hardware, Storage & Peripherals)		899
	110,000	Catcher Technology Co. Ltd. (Technology Hardware, Storage & Peripherals)		623
	1,021,000	Cheng Shin Rubber Industry Co. Ltd. (Automobile Components)		1,345
	4,428,000	China Development Financial Holding Corp. (Insurance)(a)		1,619
	280,000	Chunghwa Telecom Co. Ltd. (Diversified Telecommunication Services)		1,007
	972,000	Compal Electronics, Inc. (Technology Hardware, Storage & Peripherals)		926
	174,000	Delta Electronics, Inc. (Electronic Equipment, Instruments & Components)		1,753
	25,000	E Ink Holdings, Inc. (Electronic Equipment, Instruments & Components)		139
	63,000	Eclat Textile Co. Ltd. (Textiles, Apparel & Luxury Goods)		951
	12,000	eMemory Technology, Inc. (Semiconductors & Semiconductor Equipment)		754
	94,000	Evergreen Marine Corp. Taiwan Ltd. (Marine Transportation)		338
	649,000	Far EasTone Telecommunications Co. Ltd. (Wireless Telecommunication Services)		1,462
	785,759	Fubon Financial Holding Co. Ltd. (Insurance)		1,480
	37,000	Globalwafers Co. Ltd. (Semiconductors & Semiconductor Equipment)		522
	946,000	Hon Hai Precision Industry Co. Ltd. (Electronic Equipment, Instruments & Components)		3,049
	937,127	Innolux Corp. (Electronic Equipment, Instruments & Components)(a)		382
	438,000	Inventec Corp. (Technology Hardware, Storage & Peripherals)		668
	10,000	Largan Precision Co. Ltd. (Electronic Equipment, Instruments & Components)		663
	364,554	Lite-On Technology Corp. (Technology Hardware, Storage & Peripherals)		1,377
	84,962	MediaTek, Inc. (Semiconductors & Semiconductor Equipment)		1,943
	2,571,364	Mega Financial Holding Co. Ltd. (Banks)		3,006
	28,000	Nan Ya Printed Circuit Board Corp. (Electronic Equipment, Instruments & Components)		232
	185,000	Nanya Technology Corp. (Semiconductors & Semiconductor Equipment) (b)		377
	58,000	Novatek Microelectronics Corp. (Semiconductors & Semiconductor Equipment)		762
	569,000	Pegatron Corp. (Technology Hardware, Storage & Peripherals)		1,351
	436,620	Pou Chen Corp. (Textiles, Apparel & Luxury Goods)		388

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Taiwan (continued)
	246,000	Quanta Computer, Inc. (Technology Hardware, Storage & Peripherals)	$	1,841
	776,908	Ruentex Development Co. Ltd. (Real Estate Management & Development)		848
	782,900	Synnex Technology International Corp. (Electronic Equipment, Instruments & Components)		1,555
	675,110	Taiwan Cement Corp. (Construction Materials)		696
	276,000	Taiwan Mobile Co. Ltd. (Wireless Telecommunication Services)		809
	1,934,000	Taiwan Semiconductor Manufacturing Co. Ltd. (Semiconductors & Semiconductor Equipment)		31,540
	470,369	The Shanghai Commercial & Savings Bank Ltd. (Banks)		631
	116,000	Unimicron Technology Corp. (Electronic Equipment, Instruments & Components)		626
	500,000	United Microelectronics Corp. (Semiconductors & Semiconductor Equipment)		702
	546,000	Winbond Electronics Corp. (Semiconductors & Semiconductor Equipment)		429
	104,000	Wistron Corp. (Technology Hardware, Storage & Peripherals)		329
	638,400	WPG Holdings Ltd. (Electronic Equipment, Instruments & Components)		1,199
	43,775	Yageo Corp. (Electronic Equipment, Instruments & Components)		713
	241,000	Yang Ming Marine Transport Corp. (Marine Transportation)		340
	2,986,987	Yuanta Financial Holding Co. Ltd. (Financial Services)		2,321
				75,970
		Thailand — 1.73%
	264,700	Advanced Info Service PCL, Class - F (Wireless Telecommunication Services)		1,658
	379,300	Airports of Thailand PCL (Transportation Infrastructure)(a)		726
	691,100	Berli Jucker PCL (Consumer Staples Distribution & Retail)		582
	728,100	BTS Group Holdings PCL (Ground Transportation)		150
	171,633	Central Retail Corp. PCL (Broadline Retail)		182
	455,000	Delta Electronics Thailand PCL - NVDR (Electronic Equipment, Instruments & Components)		1,029
	688,700	Energy Absolute PCL (Independent Power and Renewable Electricity Producers)		962
	1,418,800	Gulf Energy Development PCL (Independent Power and Renewable Electricity Producers)		1,769
	89,800	Indorama Ventures PCL - NVDR (Chemicals)		64
	1,724,700	Krung Thai Bank PCL, Class - F (Banks)		900
	682,900	Minor International PCL (Hotels, Restaurants & Leisure)		584
	93,800	Muangthai Capital PCL (Consumer Finance)		92
	272,575	PTT Exploration & Production PCL, Class - F (Oil, Gas & Consumable Fuels)		1,280
	429,142	PTT Global Chemical PCL, Class - F (Chemicals)		407
	361,600	SCB X PCL - NVDR (Banks)		1,016
	98,100	Thai Oil PCL (Oil, Gas & Consumable Fuels)		135
				11,536

HC CAPITAL TRUST 

The Emerging Markets Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Shares		Security Description	Value (000)
		Common Stocks (continued)
		Turkey — 0.55%
	159,726	Akbank TAS (Banks)	$	195
	871,550	Aselsan Elektronik Sanayi Ve Ticaret A/S (Aerospace & Defense)		1,296
	39,242	BIM Birlesik Magazalar A/S (Consumer Staples Distribution & Retail)		393
	266,822	Eregli Demir ve Celik Fabrikalari TAS (Metals & Mining)(a)		432
	1	Kardemir Karabuk Demir Celik Sanayi ve Ticaret A/S (Metals & Mining)		—
	131,853	Sasa Polyester Sanayi A/S (Chemicals)(a)		237
	482,245	Turkcell Iletisim Hizmetleri A/S (Wireless Telecommunication Services)(a)		936
	32,414	Turkiye Petrol Rafinerileri A/S (Oil, Gas & Consumable Fuels)		188
				3,677
		United Arab Emirates — 0.79%
	443,740	Abu Dhabi Commercial Bank PJSC (Banks)		1,045
	775,182	Dubai Islamic Bank PJSC (Banks)		1,235
	163,297	Emirates Telecommunications Group Co. PJSC (Diversified Telecommunication Services)		909
	517,479	First Abu Dhabi Bank PJSC (Banks)		1,916
	154,208	Multiply Group PJSC (Industrial Conglomerates)(a)		168
				5,273
		United Kingdom — 0.12%
	48,147	Anglogold Ashanti PLC (Metals & Mining)		774
		United States — 0.20%
	52,000	BeiGene Ltd. (Biotechnology)(a)		718
	2,593	Legend Biotech Corp., ADR (Biotechnology)(a)		174

Shares	Security Description		Value (000)
	Common Stocks (continued)
	United States (continued)
5,000	Parade Technologies Ltd. (Semiconductors & Semiconductor Equipment)		153
3,561	Southern Copper Corp. (Metals & Mining)	$	268
			1,313
	Total Common Stocks		521,462
	Rights — 0.00%
	Brazil — 0.00%
760	Localiza Rent a Car S/A, 11/13/23 (Ground Transportation)(a)		2
	Chile — 0.00%
2,993	Banco de Credito e Inversiones SA, 10/23/23 (Banks)(a)		3
	Total Rights		5
	Investment Companies — 21.52%
99,174	Federated Hermes Treasury Obligations Fund, Institutional Shares, 4.99%^^(d)		99
143,293,488	State Street Institutional Treasury Plus Money Market Fund, Trust Class, 5.23%(d)		143,293
	Total Investment Companies		143,392
	Total Investments (cost $650,240) — 99.79%		664,859
	Other assets in excess of liabilities — 0.21%		1,372
	Net Assets - 100.00%	$	666,231

Amounts designated as "—" are $0 or have been rounded to $0.
^	All or part of this security was on loan as of September 30, 2023.
^^	Purchased with cash collateral held from securities lending. The value of the collateral could include collateral held for securities that were sold on or before September 30, 2023.
(a)	Represents non-income producing security.
(b)	Represents a security purchased under Rule 144A or Section 4(2) and is exempt from registration under the Securities Act of 1933, as amended, or is otherwise restricted to resale. Certain of these securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. These securities have been deemed liquid by the Specialist Manager.
(c)	Security was valued using significant unobservable inputs as of September 30, 2023.
(d)	Annualized 7-day yield as of period-end.

ADR—American Depositary Receipt

GDR—Global Depositary Receipt

NVDR—Non-Voting Depository Receipt

REIT—Real Estate Investment Trust

HC CAPITAL TRUST 

The Emerging Markets Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

The following table reflects the percentage of total net assets of the Portfolio attributable to each Specialist Manager as of September 30, 2023.

The Emerging Markets Portfolio	Mellon Investments Corporation			Parametric Portfolio Associates, LLC			XY Investments (HK) Limited			Total
Common Stocks		78.27	%		-			-			78.27	%
Rights		0.00	%		-			-			0.00	%
Investment Companies		0.43	%		13.48	%		7.61	%		21.52	%
Other Assets (Liabilities)		0.08	%		0.42	%		-0.29	%		0.21	%
Total Net Assets		78.78	%		13.90	%		7.32	%		100.00	%

Amounts designated as "—" indicate the Specialist Manager did not manage any holdings in that category. 

The following table reflects the open derivative positions held by the Portfolio as of September 30, 2023.
Futures Contracts Purchased*
Description	Number of Contracts	Expiration Date		Notional Amount (000)		Value and Unrealized Appreciation/ (Depreciation) (000)
MSCI Emerging Markets Index Future	2,037	12/15/23	$	97,318	$	(1,694	)
			$	97,318	$	(1,694	)
	Total Unrealized Appreciation				$	—
	Total Unrealized Depreciation					(1,694	)
	Total Net Unrealized Appreciation/(Depreciation)				$	(1,694	)

* Cash has been pledged as collateral for futures contracts held by the Portfolio.

HC CAPITAL TRUST 

The Emerging Markets Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Total Return Swap Agreements

Pay/Receive(a)	Financing Rate		Description	Counterparty	Expiration Date	Payment Frequency	Notional Amount (000)		Value (000)			Upfront Premiums Paid/(Received) (000)		Unrealized Appreciation/ (Depreciation) (000)
Receive	0.60	%	360 Security Technology, Inc. A-shares	Morgan Stanley	2/5/24	At Maturity	$	63	$	—		$	—	$	—
Receive	0.07	%	Actions Technology Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		16		—			—		—
Receive	0.60	%	ADD Industry Zhejiang Corp. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		1		—			—		—
Receive	0.60	%	Advanced Micro-Fabrication Equipment, Inc. China A-shares	Morgan Stanley	2/5/24	At Maturity		200		11			—		11
Receive	0.60	%	Agricultural Bank of China Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		221		7			—		7
Receive	0.60	%	Aier Eye Hospital Group Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		415		(11	)		—		(11	)
Receive	0.60	%	Aluminum Corp. of China Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		96		(5	)		—		(5	)
Receive	0.60	%	Amoy Diagnostics Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		4		—			—		—
Receive	0.60	%	Anhui Anke Biotechnology Group Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		2		—			—		—
Receive	0.60	%	Anhui Co.nch Cement Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		30		—			—		—
Receive	0.07	%	Anhui Fuhuang Steel Structure Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		2		—			—		—
Receive	0.60	%	Anhui Gujing Distillery Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		80		2			—		2
Receive	0.60	%	Anhui Hengyuan Co.al Industry and Electricity Power Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		9		—			—		—
Receive	0.07	%	AnHui Higasket Plastics Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		204		1			—		1
Receive	0.60	%	Anhui Jiuhuashan Tourism Development Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		1		—			—		—
Receive	0.07	%	Anhui Tongyuan Environment Energy Saving Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		127		(2	)		—		(2	)
Receive	0.07	%	Anhui Wanyi Science & Technology Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		9		—			—		—
Receive	0.60	%	Anhui Xinhua Media Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		2		—			—		—
Receive	0.60	%	Anhui Yingjia Distillery Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		3		—			—		—
Receive	0.60	%	Anji Foodstuff Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		4		—			—		—
Receive	0.60	%	Anjoy Foods Group Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		14		(1	)		—		(1	)
Receive	0.60	%	Anker Innovations Technology Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		139		24			—		24
Receive	0.60	%	Apeloa Pharmaceutical Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		1		—			—		—
Receive	0.60	%	APT Medical, Inc. A-shares	Morgan Stanley	2/5/24	At Maturity		79		5			—		5
Receive	0.60	%	Avary Holding Shenzhen Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		50		—			—		—
Receive	0.51	%	AVE Science & Technology Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		111		3			—		3

HC CAPITAL TRUST 

The Emerging Markets Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Total Return Swap Agreements (continued)

Pay/Receive(a)	Financing Rate		Description	Counterparty	Expiration Date	Payment Frequency	Notional Amount (000)		Value (000)			Upfront Premiums Paid/(Received) (000)		Unrealized Appreciation/ (Depreciation) (000)
Receive	0.60	%	Bank of Beijing Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity	$	229	$	2		$	—	$	2
Receive	0.60	%	Bank of Chengdu Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		119		(1	)		—		(1	)
Receive	0.60	%	Bank of China Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		4		—			—		—
Receive	0.60	%	Bank of Hangzhou Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		65		(4	)		—		(4	)
Receive	0.60	%	Bank of Jiangsu Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		1,218		(69	)		—		(69	)
Receive	0.60	%	Bank of Nanjing Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		19		(1	)		—		(1	)
Receive	0.60	%	Bank of Ningbo Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		6		—			—		—
Receive	0.07	%	Beijing Bohui Science & Technology Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		95		(2	)		—		(2	)
Receive	0.55	%	Beijing Inhand Networks Technology Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		170		(3	)		—		(3	)
Receive	0.60	%	Beijing Kingsoft Office Software, Inc. A-shares	Morgan Stanley	2/5/24	At Maturity		344		(39	)		—		(39	)
Receive	0.53	%	Beijing LongRuan Technologies, Inc. A-shares	Morgan Stanley	2/5/24	At Maturity		37		3			—		3
Receive	0.60	%	Beijing New Building Materials PLC A-shares	Morgan Stanley	2/5/24	At Maturity		191		2			—		2
Receive	0.60	%	Beijing Oriental Yuhong Waterproof Technology Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		44		(2	)		—		(2	)
Receive	0.60	%	Beijing Roborock Technology Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		23		1			—		1
Receive	0.60	%	Beijing Ultrapower Software Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		30		1			—		1
Receive	0.60	%	Beijing Yanjing Brewery Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		2		—			—		—
Receive	0.07	%	But one Information Corp. Xi an A-shares	Morgan Stanley	2/5/24	At Maturity		682		(1	)		—		(1	)
Receive	0.60	%	BYD Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		700		(67	)		—		(67	)
Receive	0.60	%	By-health Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		74		(1	)		—		(1	)
Receive	0.44	%	Cachet Pharmaceutical Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		17		—			—		—
Receive	0.60	%	Caitong Securities Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		96		(1	)		—		(1	)
Receive	0.60	%	CGN Power Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		84		(1	)		—		(1	)
Receive	0.55	%	Changchun Eurasia Group Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		135		1			—		1
Receive	0.60	%	Changchun High & New Technology Industry Group, Inc. A-shares	Morgan Stanley	2/5/24	At Maturity		164		1			—		1
Receive	0.60	%	Changhong Huayi Co.mpressor Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		2		—			—		—
Receive	0.53	%	Changhong Meiling Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		42		—			—		—
Receive	0.60	%	Chaozhou Three-Circle Group Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		63		(2	)		—		(2	)
Receive	0.60	%	Chengdu Jiafaantai Education Technology Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		18		1			—		1

HC CAPITAL TRUST 

The Emerging Markets Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Total Return Swap Agreements (continued)

Pay/Receive(a)	Financing Rate		Description	Counterparty	Expiration Date	Payment Frequency	Notional Amount (000)		Value (000)			Upfront Premiums Paid/(Received) (000)		Unrealized Appreciation/ (Depreciation) (000)
Receive	0.07	%	Chengdu Tangyuan Electrical Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity	$	3	$	—		$	—	$	—
Receive	0.60	%	China CITIC Bank Corp. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		76		2			—		2
Receive	0.60	%	China Coal Energy Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		1		—			—		—
Receive	0.60	%	China Everbright Bank Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		29		—			—		—
Receive	0.60	%	China Merchants Bank Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		897		(27	)		—		(27	)
Receive	0.60	%	China Merchants Shekou Industrial Zone Holdings Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		110		(13	)		—		(13	)
Receive	0.60	%	China National Chemical Engineering Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		133		(8	)		—		(8	)
Receive	0.60	%	China National Nuclear Power Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		202		—			—		—
Receive	0.60	%	China Pacific Insurance Group Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		151		1			—		1
Receive	0.60	%	China Petroleum & Chemical Corp. A-shares	Morgan Stanley	2/5/24	At Maturity		331		(5	)		—		(5	)
Receive	0.60	%	China Railway Group Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		616		(51	)		—		(51	)
Receive	0.60	%	China Resources Sanjiu Medical & Pharmaceutical Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		6		—			—		—
Receive	0.60	%	China Shenhua Energy Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		189		2			—		2
Receive	0.60	%	China State Construction Engineering Corp. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		694		(62	)		—		(62	)
Receive	0.60	%	China Tourism Group Duty Free Corp. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		133		(18	)		—		(18	)
Receive	0.60	%	China United Network Co.mmunications Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		257		(8	)		—		(8	)
Receive	0.60	%	China Vanke Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		19		(1	)		—		(1	)
Receive	0.60	%	China Zhenhua Group Science & Technology Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		140		(10	)		—		(10	)
Receive	0.60	%	Chongqing Brewery Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		163		(8	)		—		(8	)
Receive	0.60	%	Chongqing Taiji Industry Group Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		1		—			—		—
Receive	0.60	%	CIMC Vehicles Group Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		44		(4	)		—		(4	)
Receive	0.60	%	CITIC Securities Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		481		(13	)		—		(13	)
Receive	0.60	%	CNOOC Energy Technology & Services Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		132		2			—		2
Receive	0.60	%	COFCO Capital Holdings Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		32		—			—		—
Receive	0.60	%	Contemporary Amperex Technology Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		1,385		(235	)		—		(235	)
Receive	0.60	%	COSCO SHIPPING Energy Transportation Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		3		—			—		—
Receive	0.60	%	COSCO SHIPPING Holdings Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		33		(1	)		—		(1	)

HC CAPITAL TRUST 

The Emerging Markets Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Total Return Swap Agreements (continued)

Pay/Receive(a)	Financing Rate		Description	Counterparty	Expiration Date	Payment Frequency	Notional Amount (000)		Value (000)			Upfront Premiums Paid/(Received) (000)		Unrealized Appreciation/ (Depreciation) (000)
Receive	0.07	%	Cre8 Direct Ningbo Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity	$	140	$	4		$	—	$	4
Receive	0.60	%	CRRC Corp. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		7		—			—		—
Receive	0.07	%	Daoming Optics&Chemical Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		4		—			—		—
Receive	0.60	%	Daqin Railway Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		55		—			—		—
Receive	0.60	%	DaShenLin Pharmaceutical Group Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		3		—			—		—
Receive	0.60	%	East Money Information Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		123		(3	)		—		(3	)
Receive	0.60	%	Eastroc Beverage Group Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		177		(4	)		—		(4	)
Receive	0.60	%	Edifier Technology Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		4		—			—		—
Receive	0.52	%	Elite Color Environmental Resources Science & Technology Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		225		2			—		2
Receive	0.60	%	Eve Energy Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		67		—			—		—
Receive	0.60	%	Everbright Securities Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		26		—			—		—
Receive	0.60	%	Eyebright Medical Technology Beijing Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		5		—			—		—
Receive	0.60	%	FiboCo.m Wireless, Inc. A-shares	Morgan Stanley	2/5/24	At Maturity		83		(1	)		—		(1	)
Receive	0.60	%	Focus Media Information Technology Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		307		4			—		4
Receive	0.60	%	Foshan Haitian Flavouring & Food Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		5		—			—		—
Receive	0.60	%	FoxCo.nn Industrial Internet Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		186		(14	)		—		(14	)
Receive	0.38	%	Fujian Sanmu Group Co. A-shares	Morgan Stanley	2/5/24	At Maturity		1		—			—		—
Receive	0.60	%	Fujian SBS Zipper Science & Technology Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		2		—			—		—
Receive	0.48	%	Fujian Yanjing Huiquan Brewery Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		21		—			—		—
Receive	0.60	%	Fuyao Glass Industry Group Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		165		(5	)		—		(5	)
Receive	0.60	%	Ganfeng Lithium Group Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		15		(1	)		—		(1	)
Receive	0.60	%	G-bits Network Technology Xiamen Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		25		—			—		—
Receive	0.60	%	GD Power Development Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		67		(1	)		—		(1	)
Receive	0.60	%	Gemdale Corp. A-shares	Morgan Stanley	2/5/24	At Maturity		2		—			—		—
Receive	0.60	%	GF Securities Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		58		(2	)		—		(2	)
Receive	0.60	%	Giant Network Group Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		108		(6	)		—		(6	)
Receive	0.60	%	Goldcup Electric Apparatus Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		158		1			—		1

HC CAPITAL TRUST 

The Emerging Markets Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Total Return Swap Agreements (continued)

Pay/Receive(a)	Financing Rate		Description	Counterparty	Expiration Date	Payment Frequency	Notional Amount (000)		Value (000)			Upfront Premiums Paid/(Received) (000)		Unrealized Appreciation/ (Depreciation) (000)
Receive	0.60	%	GoodWe Technologies Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity	$	14	$	(1	)	$	—	$	(1	)
Receive	0.60	%	Gree Electric Appliances, Inc. of Zhuhai A-shares	Morgan Stanley	2/5/24	At Maturity		378		(3	)		—		(3	)
Receive	0.60	%	GRG Banking Equipment Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		71		(1	)		—		(1	)
Receive	0.07	%	GuangDong GenSho Logistics Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		124		4			—		4
Receive	0.60	%	Guangdong Hongxing Industrial Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		2		—			—		—
Receive	0.07	%	Guangdong JingYi Metal Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		136		1			—		1
Receive	0.07	%	Guangdong Real-Design Intelligent Technology Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		4		—			—		—
Receive	0.50	%	Guangdong Tengen Industrial Group Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		35		—			—		—
Receive	0.51	%	Guangdong Yantang Dairy Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		43		—			—		—
Receive	0.60	%	Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		70		1			—		1
Receive	0.07	%	Guangzhou Devotion Thermal Technology Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		28		1			—		1
Receive	0.50	%	Guangzhou Tech-Long Packaging Machinery Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		66		2			—		2
Receive	0.60	%	Guilin Seamild Foods Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		4		—			—		—
Receive	0.60	%	Guosen Securities Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		458		(8	)		—		(8	)
Receive	0.60	%	Guotai Junan Securities Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		428		(10	)		—		(10	)
Receive	0.60	%	Guoyuan Securities Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		11		—			—		—
Receive	0.60	%	Haier Smart Home Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		132		(2	)		—		(2	)
Receive	0.60	%	Hailir Pesticides and Chemicals Group Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		2		—			—		—
Receive	0.60	%	Haitong Securities Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		138		(2	)		—		(2	)
Receive	0.07	%	Hangzhou Huaguang Advanced Welding Materials Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		46		—			—		—
Receive	0.07	%	Hangzhou IECHO Science & Technology Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		121		7			—		7
Receive	0.60	%	Hangzhou Robam Appliances Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		1		—			—		—
Receive	0.60	%	Hangzhou Star Shuaier Electric Appliance Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		—		—			—		—
Receive	0.60	%	Hangzhou Tigermed Co.nsulting Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		4		—			—		—
Receive	0.07	%	Hangzhou Todaytec Digital Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		84		7			—		7
Receive	0.40	%	Hangzhou Toka Ink Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		3		—			—		—
Receive	0.54	%	Hangzhou Xili Intelligent Technology Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		29		3			—		3

HC CAPITAL TRUST 

The Emerging Markets Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Total Return Swap Agreements (continued)

Pay/Receive(a)	Financing Rate		Description	Counterparty	Expiration Date	Payment Frequency	Notional Amount (000)		Value (000)			Upfront Premiums Paid/(Received) (000)		Unrealized Appreciation/ (Depreciation) (000)
Receive	0.60	%	Hangzhou XZB Tech Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity	$	1	$	—		$	—	$	—
Receive	0.49	%	Harbin Xinguang Optic-Electronics Technology Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		5		—			—		—
Receive	0.51	%	Hefei GoCo.m Information Technology Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		12		—			—		—
Receive	0.07	%	Hefei Jingsong Intelligent Technology Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		45		1			—		1
Receive	0.60	%	Henan Shenhuo Coal & Power Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		5		—			—		—
Receive	0.60	%	Henan Shuanghui Investment & Development Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		7		—			—		—
Receive	0.60	%	Hengdian Group DMEGC Magnetics Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		61		—			—		—
Receive	0.07	%	Henglin Home Furnishings Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		139		—			—		—
Receive	0.60	%	Hithink RoyalFlush Information Network Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		136		(16	)		—		(16	)
Receive	0.60	%	HL Corp. Shenzhen A-shares	Morgan Stanley	2/5/24	At Maturity		2		—			—		—
Receive	0.60	%	Huadong Medicine Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		2		—			—		—
Receive	0.60	%	Huakai Yibai Technology Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		1		—			—		—
Receive	0.60	%	Huatai Securities Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		622		23			—		23
Receive	0.60	%	Huaxia Bank Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		307		7			—		7
Receive	0.60	%	Huayu Automotive Systems Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		451		(1	)		—		(1	)
Receive	0.07	%	Hubei Forbon Technology Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		228		(2	)		—		(2	)
Receive	0.60	%	Hubei Jumpcan Pharmaceutical Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		305		16			—		16
Receive	0.07	%	Hubei Kailong Chemical Group Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		7		—			—		—
Receive	0.60	%	Huizhou Desay Sv Automotive Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		61		1			—		1
Receive	0.48	%	Hunan Investment Group Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		25		—			—		—
Receive	0.07	%	Hunan Resun Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		71		—			—		—
Receive	0.60	%	Hunan Valin Steel Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		246		(2	)		—		(2	)
Receive	0.60	%	Hundsun Technologies, Inc. A-shares	Morgan Stanley	2/5/24	At Maturity		443		(112	)		—		(112	)
Receive	0.53	%	Hygon Information Technology Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		39		(1	)		—		(1	)
Receive	0.60	%	Imeik Technology Development Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		346		(51	)		—		(51	)
Receive	0.60	%	Impulse Qingdao Health Tech Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		1		—			—		—
Receive	0.60	%	Industrial & Commercial Bank of China Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		139		1			—		1

HC CAPITAL TRUST 

The Emerging Markets Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Total Return Swap Agreements (continued)

Pay/Receive(a)	Financing Rate		Description	Counterparty	Expiration Date	Payment Frequency	Notional Amount (000)		Value (000)			Upfront Premiums Paid/(Received) (000)		Unrealized Appreciation/ (Depreciation) (000)
Receive	0.60	%	Industrial Bank Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity	$	823	$	(4	)	$	—	$	(4	)
Receive	0.60	%	Industrial Securities Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		315		(26	)		—		(26	)
Receive	0.60	%	Inner Mongolia Yili Industrial Group Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		265		(9	)		—		(9	)
Receive	0.60	%	JCET Group Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		14		—			—		—
Receive	0.38	%	JDM JingDa Machine Ningbo Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		18		—			—		—
Receive	0.07	%	Jiangsu Beiren Smart Manufacturing Technology Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		42		2			—		2
Receive	0.60	%	Jiangsu Boiln Plastics Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		5		—			—		—
Receive	0.07	%	Jiangsu Chinagreen Biological Technology Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		24		(1	)		—		(1	)
Receive	0.48	%	Jiangsu Feymer Technology Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		73		—			—		—
Receive	0.60	%	Jiangsu Financial Leasing Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		103		6			—		6
Receive	0.60	%	Jiangsu Hengrui Pharmaceuticals Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		254		18			—		18
Receive	0.55	%	Jiangsu Huaxin New Material Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		386		16			—		16
Receive	0.56	%	Jiangsu Jingyuan Environmental Protection Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		241		(2	)		—		(2	)
Receive	0.60	%	Jiangsu King's Luck Brewery JSC Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		122		1			—		1
Receive	0.60	%	Jiangsu Linyang Energy Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		27		—			—		—
Receive	0.54	%	Jiangsu Maysta Chemical Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		104		—			—		—
Receive	0.60	%	Jiangsu Pacific Quartz Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		114		8			—		8
Receive	0.60	%	Jiangsu Rainbow Heavy Industries Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		128		3			—		3
Receive	0.48	%	Jiangsu Rutong Petro-Machinery Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		43		4			—		4
Receive	0.45	%	Jiangsu Wujin Stainless Steel Pipe Group Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		18		—			—		—
Receive	0.07	%	Jiangsu Xiehe Electronic Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		2		—			—		—
Receive	0.60	%	Jiangsu Yanghe Brewery Joint-Stock Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		71		(3	)		—		(3	)
Receive	0.60	%	Jiangsu Yuyue Medical Equipment & Supply Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		43		—			—		—
Receive	0.60	%	Jiangsu Zhongtian Technology Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		84		3			—		3
Receive	0.07	%	Jiangxi Changyun Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		365		13			—		13
Receive	0.07	%	JinGuan Electric Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		8		—			—		—
Receive	0.50	%	Jinhong Fashion Group Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		16		—			—		—

HC CAPITAL TRUST 

The Emerging Markets Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Total Return Swap Agreements (continued)

Pay/Receive(a)	Financing Rate		Description	Counterparty	Expiration Date	Payment Frequency	Notional Amount (000)		Value (000)			Upfront Premiums Paid/(Received) (000)		Unrealized Appreciation/ (Depreciation) (000)
Receive	0.60	%	Jinhua Chunguang Technology Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity	$	5	$	—		$	—	$	—
Receive	0.60	%	Jinko Solar Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		118		(6	)		—		(6	)
Receive	0.60	%	Jinzai Food Group Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		2		—			—		—
Receive	0.60	%	Joincare Pharmaceutical Group Industry Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		2		—			—		—
Receive	0.07	%	Kale Environment Technology Shanghai Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		17		—			—		—
Receive	0.60	%	Kehua Data Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		3		—			—		—
Receive	0.60	%	Kingnet Network Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		19		(1	)		—		(1	)
Receive	0.60	%	Kweichow Moutai Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		2,058		(134	)		—		(134	)
Receive	0.60	%	Lens Technology Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		19		—			—		—
Receive	0.60	%	Leyard Optoelectronic Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		24		—			—		—
Receive	0.60	%	LEYSEN Jewelry, Inc. A-shares	Morgan Stanley	2/5/24	At Maturity		3		—			—		—
Receive	0.07	%	Liaoning Kelong Fine Chemical Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		105		—			—		—
Receive	0.60	%	Lingyi iTech Guangdong Co. A-shares	Morgan Stanley	2/5/24	At Maturity		233		(9	)		—		(9	)
Receive	0.60	%	Livzon Pharmaceutical Group, Inc. A-shares	Morgan Stanley	2/5/24	At Maturity		168		14			—		14
Receive	0.60	%	LONGi Green Energy Technology Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		246		(7	)		—		(7	)
Receive	0.60	%	Luxshare Precision Industry Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		545		(27	)		—		(27	)
Receive	0.54	%	Luyan Pharma Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		106		8			—		8
Receive	0.60	%	Luzhou Laojiao Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		607		(14	)		—		(14	)
Receive	0.60	%	Mango Excellent Media Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		51		(2	)		—		(2	)
Receive	0.60	%	Maxscend Microelectronics Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		62		(2	)		—		(2	)
Receive	0.60	%	Metallurgical Corp. of China Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		482		(35	)		—		(35	)
Receive	0.60	%	Midea Group Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		661		(28	)		—		(28	)
Receive	0.60	%	Montage Technology Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		53		(2	)		—		(2	)
Receive	0.55	%	Mudanjiang Hengfeng Paper Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		55		(2	)		—		(2	)
Receive	0.60	%	Muyuan Foods Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		117		(8	)		—		(8	)
Receive	0.07	%	Nanjing Julong Science & Technology Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		3		—			—		—
Receive	0.07	%	Nanjing Textiles Import & Export Corp. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		74		—			—		—

HC CAPITAL TRUST 

The Emerging Markets Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Total Return Swap Agreements (continued)

Pay/Receive(a)	Financing Rate		Description	Counterparty	Expiration Date	Payment Frequency	Notional Amount (000)		Value (000)			Upfront Premiums Paid/(Received) (000)		Unrealized Appreciation/ (Depreciation) (000)
Receive	0.55	%	Nanjing Wondux Environmental Protection Technology Corp. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity	$	49	$	(4	)	$	—	$	(4	)
Receive	0.60	%	Nantong Jianghai Capacitor Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		1		—			—		—
Receive	0.60	%	NARI Technology Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		6		—			—		—
Receive	0.60	%	NAURA Technology Group Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		328		(47	)		—		(47	)
Receive	0.60	%	New China Life Insurance Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		1		—			—		—
Receive	0.60	%	New Hope Dairy Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		23		(1	)		—		(1	)
Receive	0.60	%	New Trend International Logis-Tech Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		40		1			—		1
Receive	0.60	%	Newland Digital Technology Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		2		—			—		—
Receive	0.60	%	Ninebot Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		49		2			—		2
Receive	0.60	%	Ningbo Bohui Chemical Technology Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		1		—			—		—
Receive	0.60	%	Ningbo Boway Alloy Material Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		114		2			—		2
Receive	0.60	%	Ningbo Deye Technology Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		158		(36	)		—		(36	)
Receive	0.51	%	Ningbo GQY Video & TeleCo.m JSC Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		82		1			—		1
Receive	0.44	%	Ningbo Henghe Precision Industry Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		15		1			—		1
Receive	0.60	%	Ningbo Huaxiang Electronic Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		38		—			—		—
Receive	0.60	%	Ningbo Sanxing Medical Electric Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		38		4			—		4
Receive	0.60	%	Ningbo Tuopu Group Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		76		4			—		4
Receive	0.07	%	Ningbo United Group Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		74		—			—		—
Receive	0.60	%	Ningbo Zhongbai Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		3		—			—		—
Receive	0.52	%	Niutech Environment Technology Corp. A-shares	Morgan Stanley	2/5/24	At Maturity		99		1			—		1
Receive	0.60	%	Offshore Oil Engineering Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		62		—			—		—
Receive	0.60	%	Pan Asian Microvent Tech Jiangsu Corp. A-shares	Morgan Stanley	2/5/24	At Maturity		23		—			—		—
Receive	0.60	%	People's Insurance Co. Group of China Ltd./The A-shares	Morgan Stanley	2/5/24	At Maturity		14		—			—		—
Receive	0.60	%	PetroChina Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		357		3			—		3
Receive	0.60	%	Pharmaron Beijing Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		3		—			—		—
Receive	0.60	%	Piesat Information Technology Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		2		(1	)		—		(1	)
Receive	0.60	%	Ping An Bank Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		3		—			—		—

HC CAPITAL TRUST 

The Emerging Markets Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Total Return Swap Agreements (continued)

Pay/Receive(a)	Financing Rate		Description	Counterparty	Expiration Date	Payment Frequency	Notional Amount (000)		Value (000)			Upfront Premiums Paid/(Received) (000)		Unrealized Appreciation/ (Depreciation) (000)
Receive	0.60	%	Ping An Insurance Group Co. of China Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity	$	1,124	$	(41	)	$	—	$	(41	)
Receive	0.60	%	Poly Developments and Holdings Group Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		336		(23	)		—		(23	)
Receive	0.45	%	Polyrocks Chemical Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		3		—			—		—
Receive	0.60	%	Power Construction Corp. of China Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		148		(12	)		—		(12	)
Receive	0.60	%	Qianhe Condiment and Food Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		1		—			—		—
Receive	0.60	%	Qingdao Gaoce Technology Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		47		1			—		1
Receive	0.60	%	Raytron Technology Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		289		(10	)		—		(10	)
Receive	0.50	%	Risuntek, Inc. A-shares	Morgan Stanley	2/5/24	At Maturity		61		2			—		2
Receive	0.07	%	Ruitai Materials Technology Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		186		(5	)		—		(5	)
Receive	0.60	%	SAIC Motor Corp. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		439		(2	)		—		(2	)
Receive	0.60	%	Sailun Group Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		28		1			—		1
Receive	0.60	%	Sany Heavy Industry Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		243		(10	)		—		(10	)
Receive	0.60	%	Shaanxi Co.al Industry Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		46		5			—		5
Receive	0.07	%	Shahe Industrial Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		110		(6	)		—		(6	)
Receive	0.54	%	Shandong Hongyu Agricultural Machinery Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		51		—			—		—
Receive	0.60	%	Shandong Hualu Hengsheng Chemical Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		10		—			—		—
Receive	0.60	%	Shandong Kehui Power Automation Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		193		(6	)		—		(6	)
Receive	0.60	%	Shandong Pharmaceutical Glass Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		10		1			—		1
Receive	0.38	%	Shandong Shanda Oumasoft Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		2		—			—		—
Receive	0.60	%	Shanghai Bairun Investment Holding Group Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		2		—			—		—
Receive	0.60	%	Shanghai Baosight Software Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		35		(1	)		—		(1	)
Receive	0.07	%	Shanghai CEO Environmental Protection Technology Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		3		—			—		—
Receive	0.56	%	Shanghai Chuangli Group Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		347		1			—		1
Receive	0.60	%	Shanghai Construction Group Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		211		(10	)		—		(10	)
Receive	0.60	%	Shanghai Fosun Pharmaceutical Group Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		2		—			—		—
Receive	0.60	%	Shanghai Gentech Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		26		1			—		1
Receive	0.60	%	Shanghai Hanbell Precise Machinery Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		41		—			—		—

HC CAPITAL TRUST 

The Emerging Markets Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Total Return Swap Agreements (continued)

Pay/Receive(a)	Financing Rate		Description	Counterparty	Expiration Date	Payment Frequency	Notional Amount (000)		Value (000)			Upfront Premiums Paid/(Received) (000)		Unrealized Appreciation/ (Depreciation) (000)
Receive	0.51	%	Shanghai Huaming Intelligent Terminal Equipment Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity	$	44	$	1		$	—	$	1
Receive	0.60	%	Shanghai Pharmaceuticals Holding Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		143		(5	)		—		(5	)
Receive	0.60	%	Shanghai Pudong Construction Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		1		—			—		—
Receive	0.07	%	Shanghai Rightongene Biotechnology Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		102		2			—		2
Receive	0.60	%	Shanghai Rongtai Health Technology Corp. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		3		—			—		—
Receive	0.60	%	Shanghai Rural Commercial Bank Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		135		1			—		1
Receive	0.60	%	Shanghai Shuixing Home Textile Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		7		—			—		—
Receive	0.07	%	Shanghai Smith Adhesive New Material Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		10		—			—		—
Receive	0.54	%	Shanghai Sunglow Packaging Technology Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		28		1			—		1
Receive	0.60	%	Shanghai Yuyuan Tourist Mart Group Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		125		(1	)		—		(1	)
Receive	0.07	%	Shanxi Huhua Group Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		58		—			—		—
Receive	0.60	%	Shanxi Lu'an Environmental Energy Development Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		82		2			—		2
Receive	0.60	%	Shanxi Xinghuacun Fen Wine Factory Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		207		42			—		42
Receive	0.54	%	Shenke Slide Bearing Corp. A-shares	Morgan Stanley	2/5/24	At Maturity		130		2			—		2
Receive	0.07	%	Shenzhen Absen Optoelectronic Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		29		—			—		—
Receive	0.50	%	Shenzhen FriendCom Technology Development Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		50		—			—		—
Receive	0.60	%	Shenzhen Huijie Group Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		3		—			—		—
Receive	0.60	%	Shenzhen Inovance Technology Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		260		(4	)		—		(4	)
Receive	0.53	%	Shenzhen Jasic Technology Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		32		1			—		1
Receive	0.46	%	Shenzhen King Explorer Science And Technology Corp. A-shares	Morgan Stanley	2/5/24	At Maturity		20		—			—		—
Receive	0.60	%	Shenzhen Laibao Hi-tech Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		96		2			—		2
Receive	0.07	%	Shenzhen Longood Intelligent Electric Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		83		9			—		9
Receive	0.45	%	Shenzhen Magic Design & DeCo.ration Engineering Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		9		—			—		—
Receive	0.60	%	Shenzhen Mindray Bio-Medical Electronics Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		783		(72	)		—		(72	)
Receive	0.60	%	Shenzhen New Industries Biomedical Engineering Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		77		2			—		2
Receive	0.60	%	Shenzhen SC New Energy Technology Corp. A-shares	Morgan Stanley	2/5/24	At Maturity		95		(4	)		—		(4	)
Receive	0.54	%	Shenzhen Sine Electric Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		77		4			—		4

HC CAPITAL TRUST 

The Emerging Markets Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Total Return Swap Agreements (continued)

Pay/Receive(a)	Financing Rate		Description	Counterparty	Expiration Date	Payment Frequency	Notional Amount (000)		Value (000)			Upfront Premiums Paid/(Received) (000)		Unrealized Appreciation/ (Depreciation) (000)
Receive	0.60	%	Shenzhen Sinexcel Electric Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity	$	20	$	—		$	—	$	—
Receive	0.60	%	Shenzhen Sunlord Electronics Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		49		5			—		5
Receive	0.60	%	Shenzhen Tagen Group Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		22		—			—		—
Receive	0.60	%	Shenzhen Transsion Holdings Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		236		11			—		11
Receive	0.52	%	Shenzhen Xunjiexing Technology Corp. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		10		—			—		—
Receive	0.53	%	Sichuan Dowell Science and Technology, Inc. A-shares	Morgan Stanley	2/5/24	At Maturity		285		16			—		16
Receive	0.07	%	Sichuan Fulin Transportation Group Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		126		—			—		—
Receive	0.60	%	Sichuan Kelun Pharmaceutical Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		8		—			—		—
Receive	0.40	%	Sichuan Kexin Mechanical and Electrical Equipment Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		13		1			—		1
Receive	0.48	%	Sichuan Tianwei Electronic Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		70		—			—		—
Receive	0.07	%	Sichuan Zhongguang Lightning Protection Technologies Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		4		—			—		—
Receive	0.60	%	Sinoma International Engineering Co. A-shares	Morgan Stanley	2/5/24	At Maturity		1		—			—		—
Receive	0.60	%	Smo Clinplus Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		2		—			—		—
Receive	0.60	%	SooChow Securities Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		17		—			—		—
Receive	0.60	%	Sungrow Power Supply Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		425		(5	)		—		(5	)
Receive	0.43	%	Sunny Loan Top Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		5		—			—		—
Receive	0.60	%	Sunwoda Electronic Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		13		1			—		1
Receive	0.60	%	SUPCo.N Technology Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		185		(5	)		—		(5	)
Receive	0.40	%	Super-Dragon Engineering Plastics Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		18		1			—		1
Receive	0.07	%	Suzhou Architecture Research Institute Group Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		121		1			—		1
Receive	0.60	%	Suzhou Dongshan Precision Manufacturing Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		95		(6	)		—		(6	)
Receive	0.07	%	Suzhou Iron Technology Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		1		—			—		—
Receive	0.40	%	Suzhou Longjie Special Fiber Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		7		—			—		—
Receive	0.60	%	Suzhou TFC Optical Co.mmunication Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		9		3			—		3
Receive	0.49	%	Suzhou Xianglou New Material Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		5		—			—		—
Receive	0.60	%	SYoung Group Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		5		—			—		—
Receive	0.49	%	Tangshan Jidong Equipment and Engineering Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		43		1			—		1

HC CAPITAL TRUST 

The Emerging Markets Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Total Return Swap Agreements (continued)

Pay/Receive(a)	Financing Rate		Description	Counterparty	Expiration Date	Payment Frequency	Notional Amount (000)		Value (000)			Upfront Premiums Paid/(Received) (000)		Unrealized Appreciation/ (Depreciation) (000)
Receive	0.60	%	Tasly Pharmaceutical Group Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity	$	16	$	1		$	—	$	1
Receive	0.60	%	TBEA Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		3		—			—		—
Receive	0.60	%	TCL Zhonghuan Renewable Energy Technology Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		226		(30	)		—		(30	)
Receive	0.60	%	Tian Di Science & Technology Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		146		1			—		1
Receive	0.60	%	Tianjin Guifaxiang 18th Street Mahua Food Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		2		—			—		—
Receive	0.07	%	Tianjin Jinbin Development Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		1		—			—		—
Receive	0.49	%	Tianjin Keyvia Electric Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		11		—			—		—
Receive	0.07	%	Tianshui Zhongxing Bio-technology Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		18		—			—		—
Receive	0.45	%	TJK Machinery Tianjin Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		27		9			—		9
Receive	0.60	%	Tongkun Group Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		9		—			—		—
Receive	0.60	%	Tongwei Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		284		(21	)		—		(21	)
Receive	0.07	%	Touchstone International Medical Science Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		333		(6	)		—		(6	)
Receive	0.60	%	Trina Solar Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		280		(48	)		—		(48	)
Receive	0.60	%	Tsingtao Brewery Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		24		(1	)		—		(1	)
Receive	0.60	%	UE Furniture Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		6		—			—		—
Receive	0.60	%	Unigroup Guoxin Microelectronics Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		323		(18	)		—		(18	)
Receive	0.60	%	Unisplendour Corp. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		95		(6	)		—		(6	)
Receive	0.60	%	Universal Scientific Industrial Shanghai Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		20		1			—		1
Receive	0.60	%	Wangsu Science & Technology Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		9		—			—		—
Receive	0.60	%	Wanhua Chemical Group Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		139		(10	)		—		(10	)
Receive	0.51	%	Ways Electron Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		36		—			—		—
Receive	0.60	%	Weichai Power Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		174		(6	)		—		(6	)
Receive	0.51	%	Weihai Baihe Biology Technological Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		101		(2	)		—		(2	)
Receive	0.60	%	Wens Foodstuffs Group Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		49		—			—		—
Receive	0.60	%	Western Mining Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		98		5			—		5
Receive	0.50	%	Wetown Electric Group Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		26		—			—		—
Receive	0.60	%	Wolong Electric Group Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		32		1			—		1

HC CAPITAL TRUST 

The Emerging Markets Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Total Return Swap Agreements (continued)

Pay/Receive(a)	Financing Rate		Description	Counterparty	Expiration Date	Payment Frequency	Notional Amount (000)		Value (000)			Upfront Premiums Paid/(Received) (000)		Unrealized Appreciation/ (Depreciation) (000)
Receive	0.60	%	Wuchan Zhongda Group Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity	$	181	$	(4	)	$	—	$	(4	)
Receive	0.07	%	Wuhan Citms Technology Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		11		—			—		—
Receive	0.60	%	Wuhan Sante Cableways Group Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		1		—			—		—
Receive	0.07	%	Wuhan Xingtu Xinke Electronics Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		28		1			—		1
Receive	0.60	%	Wuliangye Yibin Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		547		(51	)		—		(51	)
Receive	0.60	%	WuXi AppTec Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		397		63			—		63
Receive	0.50	%	Wuxi Hodgen Technology Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		43		1			—		1
Receive	0.60	%	Wuxi Lead Intelligent Equipment Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		189		(15	)		—		(15	)
Receive	0.50	%	Wuxi Lihu Corp. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		112		2			—		2
Receive	0.60	%	XCMG Construction Machinery Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		85		(3	)		—		(3	)
Receive	0.60	%	Xiamen C & D, Inc. A-shares	Morgan Stanley	2/5/24	At Maturity		16		—			—		—
Receive	0.60	%	Xiamen Faratronic Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		36		(5	)		—		(5	)
Receive	0.60	%	Xiamen Jihong Technology Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		3		—			—		—
Receive	0.60	%	Yealink Network Technology Corp. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		3		—			—		—
Receive	0.60	%	Youcare Pharmaceutical Group Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		8		1			—		1
Receive	0.60	%	Yunnan Baiyao Group Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		167		—			—		—
Receive	0.07	%	Yunnan Bowin Technology Industry Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		177		1			—		1
Receive	0.60	%	Yunnan Copper Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		168		(1	)		—		(1	)
Receive	0.60	%	Yutong Bus Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		17		—			—		—
Receive	0.60	%	Zhangzhou Pientzehuang Pharmaceutical Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		8		—			—		—
Receive	0.49	%	Zhejiang Biyi Electric Appliance Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		55		2			—		2
Receive	0.07	%	Zhejiang Cayi Vacuum Container Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		27		—			—		—
Receive	0.60	%	Zhejiang Dahua Technology Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		119		9			—		9
Receive	0.07	%	Zhejiang Dayuan Pumps Industrial Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		52		(1	)		—		(1	)
Receive	0.55	%	Zhejiang Dibay Electric Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		56		1			—		1
Receive	0.07	%	Zhejiang Giuseppe Garment Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		147		1			—		1
Receive	0.07	%	Zhejiang Hisun Biomaterials Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		35		—			—		—

HC CAPITAL TRUST 

The Emerging Markets Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Total Return Swap Agreements (continued)

Pay/Receive(a)	Financing Rate		Description	Counterparty	Expiration Date	Payment Frequency	Notional Amount (000)		Value (000)			Upfront Premiums Paid/(Received) (000)		Unrealized Appreciation/ (Depreciation) (000)
Receive	0.07	%	Zhejiang Huilong New Material Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity	$	145	$	(2	)	$	—	$	(2	)
Receive	0.60	%	Zhejiang Jingsheng Mechanical & Electrical Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		584		(141	)		—		(141	)
Receive	0.07	%	Zhejiang Linuo Flow Co.ntrol Technology Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		161		6			—		6
Receive	0.60	%	Zhejiang Meorient Co.mmerce & Exhibition, Inc. A-shares	Morgan Stanley	2/5/24	At Maturity		101		—			—		—
Receive	0.56	%	Zhejiang Risun Intelligent Technology Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		95		(2	)		—		(2	)
Receive	0.60	%	Zhejiang Sanhua Intelligent Co.ntrols Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		108		5			—		5
Receive	0.60	%	Zhejiang Shuanghuan Driveline Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		2		—			—		—
Receive	0.07	%	Zhejiang Walrus New Material Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		87		—			—		—
Receive	0.07	%	Zhejiang Youpon Integrated Ceiling Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		18		—			—		—
Receive	0.60	%	Zhengzhou Coal Mining Machinery Group Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		330		10			—		10
Receive	0.07	%	Zhengzhou Jiean Hi-Tech Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		48		1			—		1
Receive	0.55	%	Zhenhai Petrochemical Engineering Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		115		—			—		—
Receive	0.60	%	Zhongji Innolight Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		257		(9	)		—		(9	)
Receive	0.60	%	Zhongjin Gold Corp. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		62		(1	)		—		(1	)
Receive	0.60	%	Zhongjing Food Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		1		—			—		—
Receive	0.48	%	Zhuhai Comleader Information Science & Technology Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		170		—			—		—
Receive	0.60	%	Zhuhai Huafa Properties Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		105		(10	)		—		(10	)
Receive	0.60	%	Zhuzhou CRRC Times Electric Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		69		—			—		—
Receive	0.60	%	Zijin Mining Group Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		470		(3	)		—		(3	)
Receive	0.60	%	Zoomlion Heavy Industry Science and Technology Co. Ltd. A-shares	Morgan Stanley	2/5/24	At Maturity		184		—			—		—
Receive	0.60	%	ZTE Corp. A-shares	Morgan Stanley	2/5/24	At Maturity		618		(83	)		—		(83	)
Receive	0.60	%	ZWSOFT Co. Ltd. Guangzhou A-shares	Morgan Stanley	2/5/24	At Maturity		32		(3	)		—		(3	)
									$	(1,531	)	$	—	$	(1,531	)
						Total swap agreements at value (assets)								$	516
						Total swap agreements at value (liabilities)									(2,047	)
						Net swap agreements at value								$	(1,531	)

Amounts Designated as "—" are $0 or have been rounded to $0

(a) Receive represents that the Portfolio receives payments for any positive return on the underlying reference.  The Portfolio makes payments for any negative return on such underlying reference.  Pay represents that the Portfolio receives payments for any negative return on the underlying reference.  The Portfolio makes payments for any positive return on such underlying reference.

HC CAPITAL TRUST 

The Core Fixed Income Portfolio 

Portfolio of Investments — September 30, 2023 (Unaudited)

Principal Amount (000)		Security Description	Rate %			Maturity Date	Value (000)
		Asset Backed Securities — 0.20%
$	15	Capital One Multi-Asset Execution Trust, Series 2021-A2, Class - A2		1.39		7/15/30	$	13
	10	Carvana Auto Receivables Trust, Series 2022-P2, Class - A4, Callable 10/10/27 @ 200.00		4.68		2/10/28		10
	10	CNH Equipment Trust, Series 2022-C, Class - A3, Callable 10/15/26 @ 200.00		5.15		4/17/28		10
	10	Ford Credit Auto Lease Trust, Series 2023-A, Class - A3, Callable 8/15/25 @ 100.00		4.94		3/15/26		10
	10	GM Financial Consumer Automobile Receivables Trust, Series 2023-1, Class - A3, Callable 10/16/26 @ 100.00		4.66		2/16/28		10
	20	Hyundai Auto Receivables Trust, Series 2022-A, Class - A3, Callable 6/15/26 @ 100.00		2.22		10/15/26		19
	10	Hyundai Auto Receivables Trust, Series 2022-C, Class - A4, Callable 2/15/27 @ 100.00		5.52		10/16/28		10
	40	Synchrony Card Funding LLC, Series 2022-A1, Class - A, Callable 4/15/25 @ 100.00		3.37		4/15/28		38
	10	Toyota Auto Receivables Owner Trust, Series 2023-A, Class - A3, Callable 2/15/27 @ 200.00		4.63		9/15/27		10
	10	World Omni Auto Receivables Trust, Series 2021-C, Class - A4, Callable 8/15/25 @ 100.00		0.64		9/15/27		9
	5	World Omni Auto Receivables Trust, Series 2023-B, Class - A3, Callable 8/15/26 @ 100.00		4.66		5/15/28		5
		Total Asset Backed Securities						144
		Collateralized Mortgage Obligations — 0.84%
	20	Bank, Series 2019-BN21, Class - A5, Callable 10/15/29 @ 100.00		2.85		10/17/52		17
	21	Bank, Series 2017-BNK9, Class - ASB, Callable 12/15/29 @ 100.00		3.47		11/15/54		20
	25	Bank, Series 2022-BNK41, Class - A4		3.92	(a)	4/15/65		21
	20	BBCMS Mortgage Trust, Series 2020-C7, Class - AS, Callable 4/15/30 @ 100.00		2.44		4/15/53		15
	10	Benchmark Mortgage Trust, Series 2020-IG1, Class - AS, Callable 1/15/30 @ 100.00		2.91	(a)	9/15/43		7
	10	Benchmark Mortgage Trust, Series 2019-B9, Class - A5, Callable 2/15/29 @ 100.00		4.02		3/15/52		9
	17	Citigroup Commercial Mortgage Trust, Series 2015-GC27, Class - A4, Callable 1/10/25 @ 100.00		2.88		2/10/48		17
	15	Citigroup Commercial Mortgage Trust, Series 2020-GC46, Class - AS, Callable 2/15/30 @ 100.00		2.92		2/15/53		11
	10	Citigroup Commercial Mortgage Trust, Series 2019-C7, Class - A4, Callable 12/15/29 @ 100.00		3.10		12/15/72		8
	25	COMM Mortgage Trust, Series 2015-LC19, Class - A4, Callable 1/10/27 @ 100.00		3.18		2/10/48		24
	20	COMM Mortgage Trust, Series 2015-DC1, Class - A5, Callable 2/10/25 @ 100.00		3.35		2/10/48		19
	10	Fannie Mae-ACES, Series 2020-M52, Class - A2		1.36	(a)	10/25/30		8
	20	Fannie Mae-ACES, Series 2020-M14, Class - A2		1.78		5/25/30		16
	8	Fannie Mae-ACES, Series 2015-M8, Class - A2		2.90	(a)	1/25/25		8
	17	Fannie Mae-ACES, Series 2018-M1, Class - A2		3.09	(a)	12/25/27		16
	16	Fannie Mae-ACES, Series 2017-M12, Class - A2		3.16	(a)	6/25/27		15
	20	Fannie Mae-ACES, Series 2019-M5, Class - A2		3.27		2/25/29		18
	25	Fannie Mae-ACES, Series 2018-M10, Class - A2		3.47	(a)	7/25/28		23
	20	Freddie Mac Multifamily Structured Pass Through Certificates, Series K112, Class - A2		1.31		5/25/30		16
	20	Freddie Mac Multifamily Structured Pass Through Certificates, Series K1516, Class - A2		1.72		5/25/35		13
	25	Freddie Mac Multifamily Structured Pass Through Certificates, Series K126, Class - A2		2.07		1/25/31		20
	15	Freddie Mac Multifamily Structured Pass Through Certificates, Series K749, Class - A2		2.12	(a)	3/25/29		13
	10	Freddie Mac Multifamily Structured Pass Through Certificates, Series K1521, Class - A2		2.18		8/25/36		7
	25	Freddie Mac Multifamily Structured Pass Through Certificates, Series K052, Class - A2		3.15		11/25/25		24
	50	Freddie Mac Multifamily Structured Pass Through Certificates, Series K091, Class - A2		3.51		3/25/29		47
	20	Freddie Mac Multifamily Structured Pass Through Certificates, Series K152, Class - A2		3.78		11/25/32		18

HC CAPITAL TRUST 

The Core Fixed Income Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Principal Amount (000)		Security Description	Rate %			Maturity Date	Value (000)
		Collateralized Mortgage Obligations (continued)
$	25	GS Mortgage Securities Trust, Series 2018-GS9, Class - A4, Callable 3/10/28 @ 100.00		3.99	(a)	3/10/51	$	23
	25	JPMDB Commercial Mortgage Securities Trust, Series 2016-C4, Class - A3, Callable 4/15/27 @ 100.00		3.14		12/15/49		22
	25	Morgan Stanley Bank of America Merrill Lynch Trust, Series 2014-C19, Class - A4, Callable 10/15/26 @ 100.00		3.53		12/15/47		25
	25	Morgan Stanley Bank of America Merrill Lynch Trust, Series 2017-C33, Class - A5, Callable 5/15/27 @ 100.00		3.60		5/15/50		23
	25	SG Commercial Mortgage Securities Trust, Series 2016-C5, Class - A4, Callable 7/10/26 @ 100.00		3.06		10/10/48		23
	20	Wells Fargo Commercial Mortgage Trust, Series 2022- C62, Class - A4, Callable 4/15/32 @ 100.00		4.00	(a)	4/15/55		17
	25	Wells Fargo Commercial Mortgage Trust, Series 2018-C47, Class - A4, Callable 10/15/28 @ 100.00		4.44		9/15/61		23
		Total Collateralized Mortgage Obligations						586
		U.S. Government Agency Mortgages — 12.50%
	21	Fannie Mae, Pool #MA4236		1.50		1/1/51		15
	20	Fannie Mae, Pool #CA7695		1.50		11/1/50		14
	15	Fannie Mae, Pool #BQ5781		1.50		11/1/35		13
	22	Fannie Mae, Pool #MA4445		1.50		10/1/41		16
	41	Fannie Mae, Pool #MA4441		1.50		10/1/36		34
	20	Fannie Mae, Pool #MA4122		1.50		9/1/35		17
	43	Fannie Mae, Pool #MA4343		1.50		5/1/51		31
	21	Fannie Mae, Pool #FS1327		1.50		6/1/36		18
	16	Fannie Mae, Pool #MA4205		1.50		12/1/35		14
	21	Fannie Mae, Pool #MA4342		1.50		5/1/41		16
	20	Fannie Mae, Pool #CA7696		1.50		11/1/50		14
	21	Fannie Mae, Pool #MA4280		1.50		3/1/51		15
	41	Fannie Mae, Pool #FM6579		1.50		3/1/51		30
	22	Fannie Mae, Pool #FS0317		2.00		2/1/42		18
	26	Fannie Mae, Pool #FM3755		2.00		9/1/35		22
	39	Fannie Mae, Pool #MA4255		2.00		2/1/51		30
	36	Fannie Mae, Pool #MA4303		2.00		4/1/36		31
	41	Fannie Mae, Pool #MA4305		2.00		4/1/51		31
	22	Fannie Mae, Pool #FM9579		2.00		7/1/51		16
	7	Fannie Mae, Pool #AS2673		2.00		5/1/29		6
	42	Fannie Mae, Pool #FM6448		2.00		3/1/51		32
	21	Fannie Mae, Pool #CB0684		2.00		6/1/51		16
	21	Fannie Mae, Pool #CB0497		2.00		5/1/51		16
	43	Fannie Mae, Pool #CB0325		2.00		4/1/51		33
	21	Fannie Mae, Pool #BR0948		2.00		4/1/51		16
	38	Fannie Mae, Pool #FM4788		2.00		11/1/50		29
	21	Fannie Mae, Pool #MA4474		2.00		11/1/41		17
	17	Fannie Mae, Pool #MA4176		2.00		11/1/40		14
	20	Fannie Mae, Pool #CA8893		2.00		2/1/51		15
	18	Fannie Mae, Pool #CA7224		2.00		10/1/50		14
	22	Fannie Mae, Pool #MA4602		2.00		5/1/37		19
	45	Fannie Mae, Pool #MA4511		2.00		1/1/52		35
	23	Fannie Mae, Pool #FS1621		2.00		7/1/51		17
	22	Fannie Mae, Pool #MA4437		2.00		10/1/51		17
	19	Fannie Mae, Pool #MA4360		2.00		6/1/36		16
	22	Fannie Mae, Pool #BU7103		2.00		12/1/51		17
	35	Fannie Mae, Pool #CA9183		2.00		2/1/36		30
	20	Fannie Mae, Pool #CA7833		2.00		11/1/50		15
	44	Fannie Mae, Pool #FM7411		2.00		5/1/51		34
	20	Fannie Mae, Pool #BR4094		2.00		1/1/51		16
	39	Fannie Mae, Pool #CA8110		2.00		12/1/50		30
	14	Fannie Mae, Pool #FM4039		2.00		10/1/35		12
	39	Fannie Mae, Pool #BQ8341		2.00		12/1/50		30
	23	Fannie Mae, Pool #FM4969		2.00		12/1/50		18
	39	Fannie Mae, Pool #MA4237		2.00		1/1/51		29
	19	Fannie Mae, Pool #MA4208		2.00		12/1/50		14
	22	Fannie Mae, Pool #BT0240		2.00		9/1/51		17
	18	Fannie Mae, Pool #CA7225		2.00		10/1/50		14
	19	Fannie Mae, Pool #MA4403		2.00		8/1/36		16

HC CAPITAL TRUST 

The Core Fixed Income Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Principal Amount (000)		Security Description	Rate %		Maturity Date	Value (000)
		U.S. Government Agency Mortgages (continued)
$	30	Fannie Mae, Pool #MA4128		2.00	9/1/40	$	25
	21	Fannie Mae, Pool #BQ9685		2.00	1/1/51		16
	42	Fannie Mae, Pool #BR4435		2.00	4/1/51		32
	21	Fannie Mae, Pool #FM6559		2.00	3/1/51		16
	40	Fannie Mae, Pool #BQ3004		2.00	10/1/50		30
	20	Fannie Mae, Pool #CA8687		2.00	1/1/51		15
	40	Fannie Mae, Pool #CA8850		2.00	2/1/51		31
	20	Fannie Mae, Pool #FM5308		2.00	12/1/50		15
	38	Fannie Mae, Pool #BQ7777		2.00	3/1/36		32
	37	Fannie Mae, Pool #BP9370		2.00	7/1/50		28
	18	Fannie Mae, Pool #MA4182		2.00	11/1/50		14
	19	Fannie Mae, Pool #CA8118		2.00	12/1/50		15
	42	Fannie Mae, Pool #MA4325		2.00	5/1/51		32
	40	Fannie Mae, Pool #MA4281		2.00	3/1/51		30
	21	Fannie Mae, Pool #MA4119		2.00	9/1/50		16
	10	Fannie Mae, Pool #AS8893		2.50	2/1/32		9
	23	Fannie Mae, Pool #BU1451		2.50	1/1/52		18
	21	Fannie Mae, Pool #FM8997		2.50	10/1/51		17
	21	Fannie Mae, Pool #BU5917		2.50	12/1/51		17
	14	Fannie Mae, Pool #BQ0329		2.50	7/1/50		11
	11	Fannie Mae, Pool #MA4075		2.50	7/1/35		10
	7	Fannie Mae, Pool #MA3990		2.50	4/1/50		6
	40	Fannie Mae, Pool #BR7857		2.50	5/1/51		32
	15	Fannie Mae, Pool #BP5878		2.50	6/1/50		12
	17	Fannie Mae, Pool #CA8131		2.50	12/1/50		14
	20	Fannie Mae, Pool #MA4423		2.50	9/1/41		17
	20	Fannie Mae, Pool #FM9033		2.50	10/1/51		16
	20	Fannie Mae, Pool #FM2881		2.50	4/1/50		16
	23	Fannie Mae, Pool #CB1828		2.50	10/1/51		18
	7	Fannie Mae, Pool #MA3965		2.50	3/1/40		6
	16	Fannie Mae, Pool #MA4256		2.50	2/1/51		13
	12	Fannie Mae, Pool #MA4078		2.50	7/1/50		10
	14	Fannie Mae, Pool #MA2854		2.50	12/1/46		11
	22	Fannie Mae, Pool #FS1340		2.50	3/1/52		18
	11	Fannie Mae, Pool #AU6677		2.50	9/1/28		10
	10	Fannie Mae, Pool #BD8046		2.50	9/1/31		9
	5	Fannie Mae, Pool #MA3154		2.50	10/1/32		5
	22	Fannie Mae, Pool #FM9543		2.50	12/1/51		17
	6	Fannie Mae, Pool #MA3827		2.50	11/1/34		5
	22	Fannie Mae, Pool #CB2868		2.50	2/1/52		17
	13	Fannie Mae, Pool #BC9041		2.50	11/1/31		12
	4	Fannie Mae, Pool #MA2789		2.50	10/1/36		4
	15	Fannie Mae, Pool #MA4183		2.50	11/1/50		12
	15	Fannie Mae, Pool #MA4159		2.50	10/1/50		12
	13	Fannie Mae, Pool #MA4096		2.50	8/1/50		10
	14	Fannie Mae, Pool #AB7391		2.50	12/1/42		11
	7	Fannie Mae, Pool #MA1277		2.50	12/1/27		7
	14	Fannie Mae, Pool #AP4742		2.50	8/1/27		13
	12	Fannie Mae, Pool #BK2588		2.50	5/1/50		10
	21	Fannie Mae, Pool #MA4414		2.50	9/1/51		17
	7	Fannie Mae, Pool #MA3930		2.50	2/1/35		6
	23	Fannie Mae, Pool #FS0235		2.50	1/1/52		19
	6	Fannie Mae, Pool #MA3765		2.50	9/1/49		5
	16	Fannie Mae, Pool #FM4231		2.50	9/1/50		12
	23	Fannie Mae, Pool #FS0547		2.50	2/1/52		18
	20	Fannie Mae, Pool #MA4399		2.50	8/1/51		16
	17	Fannie Mae, Pool #BQ5110		2.50	11/1/50		14
	23	Fannie Mae, Pool #CA6074		2.50	6/1/50		18
	8	Fannie Mae, Pool #MA3902		2.50	1/1/50		6
	21	Fannie Mae, Pool #CB1131		2.50	7/1/51		16
	30	Fannie Mae, Pool #FM4638		2.50	10/1/50		23
	20	Fannie Mae, Pool #BO4657		2.50	11/1/49		16
	22	Fannie Mae, Pool #FM8745		2.50	9/1/51		17
	10	Fannie Mae, Pool #FM3395		3.00	6/1/50		8
	5	Fannie Mae, Pool #MA3831		3.00	11/1/39		4
	6	Fannie Mae, Pool #AS8074		3.00	10/1/46		5
	8	Fannie Mae, Pool #BO6219		3.00	12/1/49		7
	10	Fannie Mae, Pool #AL9263		3.00	10/1/46		8

HC CAPITAL TRUST 

The Core Fixed Income Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Principal Amount (000)		Security Description	Rate %		Maturity Date	Value (000)
		U.S. Government Agency Mortgages (continued)
$	6	Fannie Mae, Pool #BO8947		3.00	1/1/50	$	5
	9	Fannie Mae, Pool #BO9169		3.00	12/1/49		8
	6	Fannie Mae, Pool #BO2201		3.00	9/1/49		5
	19	Fannie Mae, Pool #AQ7920		3.00	12/1/42		16
	6	Fannie Mae, Pool #FM1370		3.00	4/1/46		5
	22	Fannie Mae, Pool #CB2759		3.00	2/1/52		18
	17	Fannie Mae, Pool #MA2246		3.00	4/1/30		15
	23	Fannie Mae, Pool #BU1241		3.00	3/1/52		19
	9	Fannie Mae, Pool #MA4048		3.00	6/1/50		7
	9	Fannie Mae, Pool #BP1932		3.00	4/1/50		8
	26	Fannie Mae, Pool #AS8483		3.00	12/1/46		22
	23	Fannie Mae, Pool #CB3364		3.00	4/1/52		19
	11	Fannie Mae, Pool #AS8276		3.00	11/1/46		9
	8	Fannie Mae, Pool #CA5423		3.00	3/1/50		6
	4	Fannie Mae, Pool #MA3339		3.00	4/1/33		4
	28	Fannie Mae, Pool #AO0752		3.00	4/1/42		24
	5	Fannie Mae, Pool #MA3237		3.00	1/1/48		4
	13	Fannie Mae, Pool #BC9003		3.00	11/1/46		11
	27	Fannie Mae, Pool #AB7099		3.00	11/1/42		23
	5	Fannie Mae, Pool #MA3127		3.00	9/1/37		4
	8	Fannie Mae, Pool #MA1307		3.00	1/1/33		7
	4	Fannie Mae, Pool #FM1585		3.00	9/1/49		3
	6	Fannie Mae, Pool #MA3377		3.00	5/1/48		5
	23	Fannie Mae, Pool #FS2122		3.00	3/1/52		19
	5	Fannie Mae, Pool #AB2047		3.00	1/1/26		4
	6	Fannie Mae, Pool #MA3871		3.00	12/1/49		5
	11	Fannie Mae, Pool #BP6466		3.00	7/1/50		9
	9	Fannie Mae, Pool #BO7242		3.00	1/1/50		8
	22	Fannie Mae, Pool #BU8883		3.00	3/1/52		19
	8	Fannie Mae, Pool #CA5668		3.00	5/1/50		7
	6	Fannie Mae, Pool #MA3890		3.00	1/1/40		5
	9	Fannie Mae, Pool #AU3353		3.00	8/1/43		8
	20	Fannie Mae, Pool #AB8897		3.00	4/1/43		17
	8	Fannie Mae, Pool #MA3897		3.00	1/1/35		7
	6	Fannie Mae, Pool #MA2863		3.00	1/1/47		5
	5	Fannie Mae, Pool #BN7703		3.00	8/1/49		4
	4	Fannie Mae, Pool #MA2523		3.00	2/1/36		4
	8	Fannie Mae, Pool #MA3738		3.00	8/1/34		7
	6	Fannie Mae, Pool #MA3905		3.00	1/1/50		5
	6	Fannie Mae, Pool #MA2897		3.00	2/1/37		6
	12	Fannie Mae, Pool #MA3834		3.00	11/1/49		10
	13	Fannie Mae, Pool #MA3991		3.00	4/1/50		11
	22	Fannie Mae, Pool #CB3172		3.00	3/1/52		18
	8	Fannie Mae, Pool #CA5519		3.00	4/1/50		7
	14	Fannie Mae, Pool #MA3937		3.00	2/1/50		12
	7	Fannie Mae, Pool #AL9996		3.00	4/1/32		7
	9	Fannie Mae, Pool #MA4079		3.00	7/1/50		8
	7	Fannie Mae, Pool #AZ2936		3.00	9/1/45		6
	8	Fannie Mae, Pool #FM4317		3.00	9/1/50		7
	4	Fannie Mae, Pool #FM1299		3.00	7/1/49		4
	4	Fannie Mae, Pool #MA3774		3.00	9/1/49		4
	9	Fannie Mae, Pool #MA3802		3.00	10/1/49		8
	5	Fannie Mae, Pool #FM2132		3.00	1/1/50		4
	6	Fannie Mae, Pool #BO3192		3.00	10/1/49		5
	4	Fannie Mae, Pool #MA3744		3.00	8/1/49		3
	4	Fannie Mae, Pool #MA3691		3.00	7/1/49		3
	13	Fannie Mae, Pool #BC4764		3.00	10/1/46		11
	23	Fannie Mae, Pool #AS0302		3.00	8/1/43		19
	3	Fannie Mae, Pool #MA3494		3.50	10/1/48		2
	8	Fannie Mae, Pool #BP1947		3.50	4/1/50		7
	3	Fannie Mae, Pool #CA4026		3.50	5/1/49		2
	6	Fannie Mae, Pool #MA3520		3.50	11/1/48		5
	13	Fannie Mae, Pool #MA2125		3.50	12/1/44		12
	9	Fannie Mae, Pool #BC2926		3.50	3/1/46		8
	5	Fannie Mae, Pool #BK9038		3.50	10/1/33		5
	8	Fannie Mae, Pool #MA2706		3.50	8/1/46		7
	4	Fannie Mae, Pool #MA3059		3.50	7/1/37		4
	5	Fannie Mae, Pool #BC0443		3.50	12/1/45		5

HC CAPITAL TRUST 

The Core Fixed Income Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Principal Amount (000)		Security Description	Rate %		Maturity Date	Value (000)
		U.S. Government Agency Mortgages (continued)
$	3	Fannie Mae, Pool #MA3597		3.50	2/1/49	$	2
	9	Fannie Mae, Pool #MA1980		3.50	8/1/44		8
	5	Fannie Mae, Pool #FM1001		3.50	11/1/48		4
	5	Fannie Mae, Pool #FM1566		3.50	11/1/48		4
	46	Fannie Mae, Pool #MA4600		3.50	5/1/52		40
	9	Fannie Mae, Pool #AZ0862		3.50	7/1/45		8
	3	Fannie Mae, Pool #MA3637		3.50	4/1/49		2
	3	Fannie Mae, Pool #BA1893		3.50	8/1/45		3
	3	Fannie Mae, Pool #AS4236		3.50	1/1/45		3
	3	Fannie Mae, Pool #BM5485		3.50	2/1/49		2
	4	Fannie Mae, Pool #AS6394		3.50	12/1/45		3
	26	Fannie Mae, Pool #AQ0546		3.50	11/1/42		23
	4	Fannie Mae, Pool #MA3775		3.50	9/1/49		3
	5	Fannie Mae, Pool #AL1717		3.50	5/1/27		5
	6	Fannie Mae, Pool #AS7491		3.50	7/1/46		5
	5	Fannie Mae, Pool #BD5046		3.50	2/1/47		4
	6	Fannie Mae, Pool #AS7388		3.50	6/1/46		5
	5	Fannie Mae, Pool #BJ3716		3.50	12/1/47		5
	4	Fannie Mae, Pool #MA3057		3.50	7/1/47		4
	9	Fannie Mae, Pool #BJ4916		3.50	3/1/48		8
	3	Fannie Mae, Pool #MA3663		3.50	5/1/49		3
	5	Fannie Mae, Pool #ZM4908		3.50	11/1/47		4
	2	Fannie Mae, Pool #MA3614		3.50	3/1/49		2
	5	Fannie Mae, Pool #BM2000		3.50	5/1/47		5
	7	Fannie Mae, Pool #MA3026		3.50	6/1/47		6
	23	Fannie Mae, Pool #MA4654		3.50	7/1/52		20
	10	Fannie Mae, Pool #BM1568		3.50	7/1/47		9
	7	Fannie Mae, Pool #AS0024		3.50	7/1/43		6
	10	Fannie Mae, Pool #MA3243		3.50	1/1/38		9
	12	Fannie Mae, Pool #AS4771		3.50	4/1/45		10
	4	Fannie Mae, Pool #MA3305		3.50	3/1/48		4
	7	Fannie Mae, Pool #BC1158		3.50	2/1/46		6
	4	Fannie Mae, Pool #MA3148		3.50	10/1/47		4
	4	Fannie Mae, Pool #AB2052		3.50	1/1/26		4
	5	Fannie Mae, Pool #MA3210		3.50	12/1/47		4
	4	Fannie Mae, Pool #MA2522		3.50	2/1/46		3
	3	Fannie Mae, Pool #MA3692		3.50	7/1/49		3
	6	Fannie Mae, Pool #AS6102		3.50	11/1/45		6
	4	Fannie Mae, Pool #MA3835		3.50	11/1/49		4
	8	Fannie Mae, Pool #MA3182		3.50	11/1/47		7
	6	Fannie Mae, Pool #FM1911		3.50	7/1/48		6
	3	Fannie Mae, Pool #FM0020		3.50	7/1/49		3
	23	Fannie Mae, Pool #BU8723		3.50	6/1/52		20
	3	Fannie Mae, Pool #MA3745		3.50	8/1/49		3
	5	Fannie Mae, Pool #MA3906		3.50	1/1/50		4
	4	Fannie Mae, Pool #BM4703		3.50	2/1/48		4
	4	Fannie Mae, Pool #MA2415		4.00	10/1/45		3
	5	Fannie Mae, Pool #AS7558		4.00	7/1/46		4
	9	Fannie Mae, Pool #BM1066		4.00	2/1/47		9
	4	Fannie Mae, Pool #MA3746		4.00	8/1/49		3
	3	Fannie Mae, Pool #BM4991		4.00	9/1/48		3
	4	Fannie Mae, Pool #AS7600		4.00	7/1/46		4
	3	Fannie Mae, Pool #MA3638		4.00	4/1/49		2
	7	Fannie Mae, Pool #MA3121		4.00	9/1/47		7
	9	Fannie Mae, Pool #AS3468		4.00	10/1/44		8
	4	Fannie Mae, Pool #MA3183		4.00	11/1/47		3
	4	Fannie Mae, Pool #MA3277		4.00	2/1/48		3
	4	Fannie Mae, Pool #CA0183		4.00	8/1/47		3
	7	Fannie Mae, Pool #MA2995		4.00	5/1/47		6
	6	Fannie Mae, Pool #BM2002		4.00	10/1/47		6
	5	Fannie Mae, Pool #AS9831		4.00	6/1/47		5
	2	Fannie Mae, Pool #MA3592		4.00	2/1/49		2
	5	Fannie Mae, Pool #AH6242		4.00	4/1/26		5
	4	Fannie Mae, Pool #AZ7362		4.00	11/1/45		4
	3	Fannie Mae, Pool #BN0334		4.00	12/1/48		3
	6	Fannie Mae, Pool #AS9314		4.00	3/1/47		5
	8	Fannie Mae, Pool #AS3467		4.00	10/1/44		7
	3	Fannie Mae, Pool #AS8532		4.00	12/1/46		3

HC CAPITAL TRUST 

The Core Fixed Income Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Principal Amount (000)		Security Description	Rate %		Maturity Date	Value (000)
		U.S. Government Agency Mortgages (continued)
$	4	Fannie Mae, Pool #FM1960		4.00	5/1/49	$	4
	3	Fannie Mae, Pool #FM1571		4.00	12/1/48		3
	3	Fannie Mae, Pool #MA3563		4.00	1/1/49		3
	3	Fannie Mae, Pool #BK0920		4.00	7/1/48		3
	2	Fannie Mae, Pool #MA3615		4.00	3/1/49		2
	24	Fannie Mae, Pool #MA4732		4.00	9/1/52		21
	4	Fannie Mae, Pool #BM4306		4.00	9/1/25		4
	3	Fannie Mae, Pool #BK0909		4.00	7/1/48		3
	11	Fannie Mae, Pool #BK7943		4.00	11/1/48		10
	3	Fannie Mae, Pool #FM1415		4.00	12/1/48		3
	15	Fannie Mae, Pool #AO2959		4.00	5/1/42		14
	2	Fannie Mae, Pool #MA3521		4.00	11/1/48		2
	5	Fannie Mae, Pool #BN6677		4.00	6/1/49		4
	8	Fannie Mae, Pool #AX0841		4.00	9/1/44		8
	3	Fannie Mae, Pool #CA2316		4.00	7/1/48		2
	5	Fannie Mae, Pool #MA3804		4.00	10/1/49		5
	3	Fannie Mae, Pool #BD7060		4.00	3/1/47		3
	8	Fannie Mae, Pool #AS8823		4.00	2/1/47		7
	3	Fannie Mae, Pool #FM0021		4.00	3/1/49		3
	7	Fannie Mae, Pool #AU8849		4.00	11/1/43		6
	10	Fannie Mae, Pool #AS9394		4.50	4/1/47		10
	2	Fannie Mae, Pool #BN4309		4.50	1/1/49		2
	5	Fannie Mae, Pool #AS2751		4.50	6/1/44		4
	3	Fannie Mae, Pool #CA0623		4.50	10/1/47		3
	45	Fannie Mae, Pool #BV7928		4.50	8/1/52		42
	21	Fannie Mae, Pool #AE0217		4.50	8/1/40		20
	11	Fannie Mae, Pool #MA3184		4.50	11/1/47		10
	4	Fannie Mae, Pool #CA1711		4.50	5/1/48		3
	4	Fannie Mae, Pool #BM3286		4.50	11/1/47		4
	6	Fannie Mae, Pool #MA3747		4.50	8/1/49		6
	3	Fannie Mae, Pool #BK4850		4.50	5/1/48		3
	17	Fannie Mae, Pool #AE0954		4.50	2/1/41		16
	3	Fannie Mae, Pool #MA3639		4.50	4/1/49		3
	2	Fannie Mae, Pool #BK6328		4.50	6/1/48		2
	—	Fannie Mae, Pool #930998		4.50	4/1/29		—
	2	Fannie Mae, Pool #MA3537		4.50	12/1/48		2
	4	Fannie Mae, Pool #725027		5.00	11/1/33		4
	25	Fannie Mae, Pool #MA5071		5.00	7/1/53		23
	23	Fannie Mae, Pool #MA4761		5.00	9/1/52		22
	3	Fannie Mae, Pool #890603		5.00	8/1/41		3
	19	Fannie Mae, Pool #889117		5.00	10/1/35		19
	4	Fannie Mae, Pool #BM3904		5.00	5/1/48		4
	9	Fannie Mae, Pool #725238		5.00	3/1/34		9
	24	Fannie Mae, Pool #MA5072		5.50	7/1/53		24
	23	Fannie Mae, Pool #FS3360		5.50	12/1/52		23
	48	Fannie Mae, Pool #MA5010		5.50	5/1/53		46
	4	Fannie Mae, Pool #890221		5.50	12/1/33		4
	10	Fannie Mae, Pool #959451		6.00	12/1/37		10
	50	Fannie Mae, 15 YR TBA		1.50	10/25/38		42
	25	Fannie Mae, 15 YR TBA		4.50	10/25/38		24
	25	Fannie Mae, 15 YR TBA		5.00	11/25/34		24
	25	Fannie Mae, 30 YR TBA		3.50	10/25/53		21
	25	Fannie Mae, 30 YR TBA		4.00	10/25/53		22
	25	Fannie Mae, 30 YR TBA		4.50	10/25/53		23
	75	Fannie Mae, 30 YR TBA		5.00	10/25/53		70
	25	Fannie Mae, 30 YR TBA		5.50	11/25/52		24
	50	Fannie Mae, 30 YR TBA		5.50	10/25/53		47
	25	Fannie Mae, 30 YR TBA		6.00	11/25/53		25
	50	Fannie Mae, 30 YR TBA		6.00	10/25/53		48
	75	Fannie Mae, 30 YR TBA		6.50	10/25/53		74
	21	Freddie Mac, Pool #RB5110		1.50	5/1/41		16
	43	Freddie Mac, Pool #SD8154		1.50	7/1/51		31
	42	Freddie Mac, Pool #QC0962		1.50	4/1/51		30
	18	Freddie Mac, Pool #SB8097		1.50	4/1/36		15
	22	Freddie Mac, Pool #SB8144		1.50	3/1/37		18
	17	Freddie Mac, Pool #SB8088		1.50	2/1/36		14
	21	Freddie Mac, Pool #QN9521		1.50	2/1/37		18
	20	Freddie Mac, Pool #RB5114		2.00	6/1/41		16

HC CAPITAL TRUST 

The Core Fixed Income Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Principal Amount (000)		Security Description	Rate %		Maturity Date	Value (000)
		U.S. Government Agency Mortgages (continued)
$	21	Freddie Mac, Pool #SD8079		2.00	7/1/50	$	16
	22	Freddie Mac, Pool #SD8098		2.00	10/1/50		16
	45	Freddie Mac, Pool #SD8188		2.00	1/1/52		35
	46	Freddie Mac, Pool #SD8193		2.00	2/1/52		35
	21	Freddie Mac, Pool #RB5121		2.00	8/1/41		17
	23	Freddie Mac, Pool #SD8199		2.00	3/1/52		18
	22	Freddie Mac, Pool #QC3597		2.00	6/1/51		16
	38	Freddie Mac, Pool #SD8113		2.00	12/1/50		29
	40	Freddie Mac, Pool #SD7537		2.00	3/1/51		31
	21	Freddie Mac, Pool #SD8146		2.00	5/1/51		16
	18	Freddie Mac, Pool #RA3205		2.00	8/1/50		14
	41	Freddie Mac, Pool #QC0423		2.00	4/1/51		31
	42	Freddie Mac, Pool #QC1333		2.00	5/1/51		32
	39	Freddie Mac, Pool #SD8128		2.00	2/1/51		30
	22	Freddie Mac, Pool #QC7473		2.00	9/1/51		17
	45	Freddie Mac, Pool #QD1254		2.00	11/1/51		35
	40	Freddie Mac, Pool #SB8128		2.00	11/1/36		34
	40	Freddie Mac, Pool #QB7708		2.00	1/1/51		30
	19	Freddie Mac, Pool #QB3926		2.00	10/1/50		14
	16	Freddie Mac, Pool #RC1727		2.00	12/1/35		14
	42	Freddie Mac, Pool #QB6893		2.00	12/1/50		32
	43	Freddie Mac, Pool #QC3697		2.00	6/1/51		32
	43	Freddie Mac, Pool #SD8160		2.00	8/1/51		33
	31	Freddie Mac, Pool #SB8079		2.00	12/1/35		27
	13	Freddie Mac, Pool #SB8061		2.00	9/1/35		11
	23	Freddie Mac, Pool #QD5748		2.00	2/1/52		17
	19	Freddie Mac, Pool #SD8121		2.00	1/1/51		15
	45	Freddie Mac, Pool #SD8177		2.00	11/1/51		34
	18	Freddie Mac, Pool #RB5095		2.00	1/1/41		15
	22	Freddie Mac, Pool #RA5155		2.00	5/1/51		17
	19	Freddie Mac, Pool #SB8115		2.00	8/1/36		16
	18	Freddie Mac, Pool #RA3575		2.00	9/1/50		14
	19	Freddie Mac, Pool #SB8510		2.00	2/1/36		16
	21	Freddie Mac, Pool #RA5040		2.00	4/1/51		16
	18	Freddie Mac, Pool #SB8107		2.00	6/1/36		16
	21	Freddie Mac, Pool #RA5257		2.00	5/1/51		16
	20	Freddie Mac, Pool #RA4214		2.00	12/1/50		15
	21	Freddie Mac, Pool #RA3328		2.00	8/1/50		16
	22	Freddie Mac, Pool #SD8172		2.00	10/1/51		17
	21	Freddie Mac, Pool #QC7457		2.50	9/1/51		17
	7	Freddie Mac, Pool #ZS8692		2.50	4/1/33		6
	21	Freddie Mac, Pool #SD8167		2.50	9/1/51		17
	15	Freddie Mac, Pool #ZS4687		2.50	11/1/46		12
	32	Freddie Mac, Pool #RA2643		2.50	6/1/50		25
	14	Freddie Mac, Pool #RA2897		2.50	6/1/50		12
	27	Freddie Mac, Pool #SB8045		2.50	5/1/35		24
	21	Freddie Mac, Pool #SB0301		2.50	4/1/35		19
	20	Freddie Mac, Pool #RA3528		2.50	9/1/50		16
	41	Freddie Mac, Pool #RA5832		2.50	9/1/51		33
	5	Freddie Mac, Pool #G18687		2.50	5/1/33		5
	20	Freddie Mac, Pool #RA5286		2.50	5/1/51		16
	44	Freddie Mac, Pool #SD8183		2.50	12/1/51		35
	45	Freddie Mac, Pool #SD8194		2.50	2/1/52		36
	7	Freddie Mac, Pool #G07445		2.50	7/1/43		6
	22	Freddie Mac, Pool #RA6019		2.50	10/1/51		17
	23	Freddie Mac, Pool #SD8205		2.50	4/1/52		18
	20	Freddie Mac, Pool #QC2031		2.50	5/1/51		16
	31	Freddie Mac, Pool #RA2634		2.50	5/1/50		24
	22	Freddie Mac, Pool #RA6621		2.50	1/1/52		18
	20	Freddie Mac, Pool #SD8151		2.50	6/1/51		16
	22	Freddie Mac, Pool #RA6815		2.50	2/1/52		17
	11	Freddie Mac, Pool #G18470		2.50	6/1/28		10
	23	Freddie Mac, Pool #RA6136		2.50	10/1/51		18
	14	Freddie Mac, Pool #SD8099		2.50	10/1/50		12
	16	Freddie Mac, Pool #QB3703		2.50	9/1/50		12
	11	Freddie Mac, Pool #G18485		2.50	10/1/28		10
	16	Freddie Mac, Pool #SD8129		2.50	2/1/51		13
	22	Freddie Mac, Pool #RA5802		2.50	9/1/51		18

HC CAPITAL TRUST 

The Core Fixed Income Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Principal Amount (000)		Security Description	Rate %		Maturity Date	Value (000)
		U.S. Government Agency Mortgages (continued)
$	7	Freddie Mac, Pool #RB5043		2.50	4/1/40	$	6
	17	Freddie Mac, Pool #RA4527		2.50	2/1/51		13
	13	Freddie Mac, Pool #RA2595		2.50	5/1/50		10
	15	Freddie Mac, Pool #QB3287		2.50	8/1/50		12
	31	Freddie Mac, Pool #SD8114		2.50	12/1/50		25
	38	Freddie Mac, Pool #SD8141		2.50	4/1/51		30
	21	Freddie Mac, Pool #SD8021		2.50	9/1/49		17
	11	Freddie Mac, Pool #RB5054		2.50	6/1/40		9
	45	Freddie Mac, Pool #SD1011		2.50	4/1/52		36
	22	Freddie Mac, Pool #SD8189		2.50	1/1/52		18
	16	Freddie Mac, Pool #SD8122		2.50	1/1/51		13
	23	Freddie Mac, Pool #QE2352		2.50	5/1/52		19
	19	Freddie Mac, Pool #SD8147		2.50	5/1/51		15
	45	Freddie Mac, Pool #RA6493		2.50	12/1/51		36
	13	Freddie Mac, Pool #SD8083		2.50	8/1/50		10
	6	Freddie Mac, Pool #J36428		3.00	2/1/32		6
	12	Freddie Mac, Pool #G08737		3.00	12/1/46		10
	4	Freddie Mac, Pool #G18601		3.00	5/1/31		4
	7	Freddie Mac, Pool #G61680		3.00	4/1/47		6
	3	Freddie Mac, Pool #G18518		3.00	7/1/29		3
	22	Freddie Mac, Pool #QD9881		3.00	3/1/52		18
	5	Freddie Mac, Pool #ZS4688		3.00	11/1/46		5
	5	Freddie Mac, Pool #QA1033		3.00	7/1/49		4
	7	Freddie Mac, Pool #SB8046		3.00	5/1/35		7
	9	Freddie Mac, Pool #SD8074		3.00	7/1/50		8
	14	Freddie Mac, Pool #ZA2304		3.00	6/1/33		13
	24	Freddie Mac, Pool #ZS4511		3.00	3/1/43		20
	12	Freddie Mac, Pool #SD8030		3.00	12/1/49		10
	8	Freddie Mac, Pool #G15145		3.00	7/1/29		7
	34	Freddie Mac, Pool #ZS4522		3.00	7/1/43		29
	6	Freddie Mac, Pool #ZM2089		3.00	11/1/46		5
	8	Freddie Mac, Pool #QA8065		3.00	3/1/50		7
	10	Freddie Mac, Pool #ZS4658		3.00	4/1/46		9
	15	Freddie Mac, Pool #ZS4606		3.00	3/1/45		13
	39	Freddie Mac, Pool #SD8174		3.00	10/1/51		32
	14	Freddie Mac, Pool #ZS4706		3.00	3/1/47		12
	16	Freddie Mac, Pool #G60989		3.00	12/1/46		14
	7	Freddie Mac, Pool #SD8056		3.00	4/1/50		5
	5	Freddie Mac, Pool #G08803		3.00	3/1/48		4
	4	Freddie Mac, Pool #G08635		3.00	4/1/45		4
	13	Freddie Mac, Pool #QB1382		3.00	7/1/50		11
	10	Freddie Mac, Pool #G18663		3.00	10/1/32		9
	10	Freddie Mac, Pool #QA9049		3.00	4/1/50		8
	7	Freddie Mac, Pool #ZS4651		3.50	3/1/46		6
	6	Freddie Mac, Pool #Q43933		3.50	10/1/46		5
	23	Freddie Mac, Pool #SD8038		3.50	1/1/50		20
	4	Freddie Mac, Pool #ZS4659		3.50	4/1/46		3
	15	Freddie Mac, Pool #G08636		3.50	4/1/45		13
	8	Freddie Mac, Pool #SB8007		3.50	9/1/34		7
	2	Freddie Mac, Pool #J14069		3.50	1/1/26		2
	5	Freddie Mac, Pool #V83453		3.50	10/1/47		4
	7	Freddie Mac, Pool #G08784		3.50	10/1/47		6
	8	Freddie Mac, Pool #G61148		3.50	9/1/47		7
	17	Freddie Mac, Pool #G08554		3.50	10/1/43		15
	7	Freddie Mac, Pool #G08761		3.50	5/1/47		6
	6	Freddie Mac, Pool #SD8011		3.50	9/1/49		5
	5	Freddie Mac, Pool #G08620		3.50	12/1/44		4
	7	Freddie Mac, Pool #G08687		3.50	1/1/46		6
	4	Freddie Mac, Pool #ZS4713		3.50	4/1/47		3
	3	Freddie Mac, Pool #Q57871		3.50	8/1/48		3
	4	Freddie Mac, Pool #ZA5052		3.50	11/1/47		4
	11	Freddie Mac, Pool #ZS4618		3.50	6/1/45		10
	3	Freddie Mac, Pool #ZS4771		3.50	6/1/48		3
	7	Freddie Mac, Pool #G08698		3.50	3/1/46		6
	4	Freddie Mac, Pool #ZS4599		3.50	1/1/45		3
	14	Freddie Mac, Pool #ZS4642		3.50	12/1/45		12
	4	Freddie Mac, Pool #SD8001		3.50	7/1/49		3
	8	Freddie Mac, Pool #RA2469		3.50	4/1/50		7

HC CAPITAL TRUST 

The Core Fixed Income Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Principal Amount (000)		Security Description	Rate %		Maturity Date	Value (000)
		U.S. Government Agency Mortgages (continued)
$	8	Freddie Mac, Pool #RA1508		3.50	10/1/49	$	7
	6	Freddie Mac, Pool #J30284		3.50	11/1/29		5
	3	Freddie Mac, Pool #G08627		3.50	2/1/45		3
	23	Freddie Mac, Pool #SD8214		3.50	5/1/52		20
	3	Freddie Mac, Pool #G08770		3.50	7/1/47		3
	4	Freddie Mac, Pool #G08801		4.00	2/1/48		4
	7	Freddie Mac, Pool #G08775		4.00	8/1/47		6
	5	Freddie Mac, Pool #C91395		4.00	9/1/31		5
	5	Freddie Mac, Pool #SD0290		4.00	4/1/50		4
	3	Freddie Mac, Pool #ZT2106		4.00	3/1/49		3
	24	Freddie Mac, Pool #QE5462		4.00	7/1/52		21
	7	Freddie Mac, Pool #SD8070		4.00	6/1/50		7
	12	Freddie Mac, Pool #G08637		4.00	4/1/45		11
	7	Freddie Mac, Pool #ZA4988		4.00	8/1/47		6
	7	Freddie Mac, Pool #ZS4708		4.00	3/1/47		6
	9	Freddie Mac, Pool #G08567		4.00	1/1/44		8
	4	Freddie Mac, Pool #G08771		4.00	7/1/47		4
	5	Freddie Mac, Pool #ZT1320		4.00	11/1/48		4
	9	Freddie Mac, Pool #A96286		4.00	1/1/41		8
	47	Freddie Mac, Pool #SD8244		4.00	9/1/52		42
	2	Freddie Mac, Pool #ZA6946		4.00	5/1/49		2
	3	Freddie Mac, Pool #ZT1840		4.00	9/1/48		2
	10	Freddie Mac, Pool #G08606		4.00	9/1/44		9
	14	Freddie Mac, Pool #ZL7781		4.00	2/1/44		13
	8	Freddie Mac, Pool #ZS4631		4.00	9/1/45		7
	48	Freddie Mac, Pool #SD8286		4.00	1/1/53		43
	7	Freddie Mac, Pool #Q58680		4.00	9/1/48		6
	24	Freddie Mac, Pool #SD8266		4.50	11/1/52		22
	25	Freddie Mac, Pool #SD8340		4.50	7/1/53		23
	48	Freddie Mac, Pool #SD8306		4.50	3/1/53		44
	4	Freddie Mac, Pool #G08781		4.50	9/1/47		3
	17	Freddie Mac, Pool #A97692		4.50	3/1/41		16
	13	Freddie Mac, Pool #G01890		4.50	10/1/35		12
	5	Freddie Mac, Pool #Q58217		4.50	9/1/48		4
	4	Freddie Mac, Pool #C09059		4.50	3/1/44		4
	5	Freddie Mac, Pool #Q52321		4.50	11/1/47		5
	3	Freddie Mac, Pool #ZS4774		4.50	5/1/48		3
	23	Freddie Mac, Pool #SD8245		4.50	9/1/52		21
	49	Freddie Mac, Pool #SD8341		5.00	7/1/53		45
	24	Freddie Mac, Pool #SD8288		5.00	1/1/53		23
	24	Freddie Mac, Pool #SD8323		5.00	5/1/53		23
	3	Freddie Mac, Pool #G08838		5.00	9/1/48		3
	8	Freddie Mac, Pool #G04817		5.00	9/1/38		8
	7	Freddie Mac, Pool #ZT1779		5.00	3/1/49		6
	8	Freddie Mac, Pool #G01962		5.00	12/1/35		8
	9	Freddie Mac, Pool #G05904		5.00	9/1/39		9
	24	Freddie Mac, Pool #SD8331		5.50	6/1/53		23
	13	Freddie Mac, Pool #G01665		5.50	3/1/34		13
	24	Freddie Mac, Pool #SD8300		5.50	2/1/53		23
	24	Freddie Mac, Pool #SD8342		5.50	7/1/53		24
	9	Freddie Mac, Pool #G02794		6.00	5/1/37		9
	25	Freddie Mac, Pool #SD8350		6.00	8/1/53		24
	24	Freddie Mac, Pool #SD8325		6.00	5/1/53		24
	1	Freddie Mac, Pool #C90989		6.00	9/1/26		1
	21	Government National Mortgage Association, Pool #MA7588		2.00	9/20/51		17
	40	Government National Mortgage Association, Pool #MA7471		2.00	7/20/51		32
	19	Government National Mortgage Association, Pool #MA7366		2.00	5/20/51		15
	22	Government National Mortgage Association, Pool #MA7766		2.00	12/20/51		17
	22	Government National Mortgage Association, Pool #MA7826		2.00	1/20/52		18
	43	Government National Mortgage Association, Pool #MA7704		2.00	11/20/51		34
	37	Government National Mortgage Association, Pool #MA7254		2.00	3/20/51		29
	18	Government National Mortgage Association, Pool #MA7051		2.00	12/20/50		14
	34	Government National Mortgage Association, Pool #MA6930		2.00	10/20/50		27
	23	Government National Mortgage Association, Pool #MA8041		2.00	5/20/52		18
	22	Government National Mortgage Association, Pool #MA7880		2.00	2/20/52		18
	23	Government National Mortgage Association, Pool #MA7935		2.00	3/20/52		18
	20	Government National Mortgage Association, Pool #MA7417		2.00	6/20/51		15
	19	Government National Mortgage Association, Pool #MA7311		2.00	4/20/51		15

HC CAPITAL TRUST 

The Core Fixed Income Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Principal Amount (000)		Security Description	Rate %		Maturity Date	Value (000)
		U.S. Government Agency Mortgages (continued)
$	21	Government National Mortgage Association, Pool #MA6994		2.00	11/20/50	$	16
	33	Government National Mortgage Association, Pool #MA6864		2.00	9/20/50		26
	18	Government National Mortgage Association, Pool #MA7135		2.00	1/20/51		14
	23	Government National Mortgage Association, Pool #MA7986		2.00	4/20/52		18
	34	Government National Mortgage Association, Pool #MA7255		2.50	3/20/51		28
	14	Government National Mortgage Association, Pool #MA6995		2.50	11/20/50		11
	14	Government National Mortgage Association, Pool #MA6931		2.50	10/20/50		11
	32	Government National Mortgage Association, Pool #MA7193		2.50	2/20/51		26
	24	Government National Mortgage Association, Pool #MA6819		2.50	8/20/50		20
	7	Government National Mortgage Association, Pool #MA6540		2.50	3/20/50		6
	40	Government National Mortgage Association, Pool #MA7472		2.50	7/20/51		33
	43	Government National Mortgage Association, Pool #MA7767		2.50	12/20/51		35
	18	Government National Mortgage Association, Pool #MA7136		2.50	1/20/51		15
	43	Government National Mortgage Association, Pool #MA6709		2.50	6/20/50		35
	18	Government National Mortgage Association, Pool #MA7312		2.50	4/20/51		15
	10	Government National Mortgage Association, Pool #MA6655		2.50	5/20/50		8
	22	Government National Mortgage Association, Pool #MA7936		2.50	3/20/52		18
	19	Government National Mortgage Association, Pool #MA7418		2.50	6/20/51		16
	34	Government National Mortgage Association, Pool #MA6865		2.50	9/20/50		28
	5	Government National Mortgage Association, Pool #MA4355		2.50	4/20/32		5
	2	Government National Mortgage Association, Pool #AA8341		2.50	2/15/28		2
	21	Government National Mortgage Association, Pool #MA7589		2.50	9/20/51		17
	23	Government National Mortgage Association, Pool #MA8042		2.50	5/20/52		19
	41	Government National Mortgage Association, Pool #MA7534		2.50	8/20/51		33
	4	Government National Mortgage Association, Pool #MA1155		2.50	7/20/43		4
	42	Government National Mortgage Association, Pool #MA7649		2.50	10/20/51		35
	23	Government National Mortgage Association, Pool #MA8098		3.00	6/20/52		20
	6	Government National Mortgage Association, Pool #MA6283		3.00	11/20/49		5
	8	Government National Mortgage Association, Pool #MA4836		3.00	11/20/47		7
	5	Government National Mortgage Association, Pool #MA4068		3.00	11/20/46		5
	6	Government National Mortgage Association, Pool #MA6089		3.00	8/20/49		5
	8	Government National Mortgage Association, Pool #MA4195		3.00	1/20/47		6
	9	Government National Mortgage Association, Pool #MA3936		3.00	9/20/46		7
	9	Government National Mortgage Association, Pool #MA6710		3.00	6/20/50		7
	18	Government National Mortgage Association, Pool #MA6766		3.00	7/20/50		16
	5	Government National Mortgage Association, Pool #MA3873		3.00	8/20/46		4
	4	Government National Mortgage Association, Pool #MA5815		3.00	3/20/49		4
	7	Government National Mortgage Association, Pool #MA6599		3.00	4/20/50		6
	8	Government National Mortgage Association, Pool #MA3662		3.00	5/20/46		7
	17	Government National Mortgage Association, Pool #MA6656		3.00	5/20/50		14
	12	Government National Mortgage Association, Pool #MA6474		3.00	2/20/50		10
	10	Government National Mortgage Association, Pool #MA4320		3.00	3/20/47		8
	12	Government National Mortgage Association, Pool #MA5018		3.00	2/20/48		11
	5	Government National Mortgage Association, Pool #MA4261		3.00	2/20/47		4
	8	Government National Mortgage Association, Pool #MA3802		3.00	7/20/46		7
	7	Government National Mortgage Association, Pool #MA3243		3.00	11/20/45		6
	7	Government National Mortgage Association, Pool #MA4126		3.00	12/20/46		6
	10	Government National Mortgage Association, Pool #MA3735		3.00	6/20/46		9
	14	Government National Mortgage Association, Pool #MA4899		3.00	12/20/47		12
	12	Government National Mortgage Association, Pool #MA4003		3.00	10/20/46		11
	21	Government National Mortgage Association, Pool #MA6218		3.00	10/20/49		18
	7	Government National Mortgage Association, Pool #MA2960		3.00	7/20/45		6
	15	Government National Mortgage Association, Pool #MA1011		3.00	5/20/43		13
	8	Government National Mortgage Association, Pool #AA5897		3.00	12/15/42		7
	15	Government National Mortgage Association, Pool #MA0851		3.00	3/20/43		13
	6	Government National Mortgage Association, Pool #MA6338		3.00	12/20/49		5
	6	Government National Mortgage Association, Pool #MA6409		3.00	1/20/50		5
	5	Government National Mortgage Association, Pool #MA0205		3.00	7/20/27		4
	22	Government National Mortgage Association, Pool #MA7828		3.00	1/20/52		18
	11	Government National Mortgage Association, Pool #MA3375		3.00	1/20/46		9
	3	Government National Mortgage Association, Pool #MA3596		3.00	4/20/46		3
	10	Government National Mortgage Association, Pool #MA6820		3.00	8/20/50		9
	10	Government National Mortgage Association, Pool #MA2520		3.00	1/20/45		9
	8	Government National Mortgage Association, Pool #MA4321		3.50	3/20/47		7
	16	Government National Mortgage Association, Pool #MA1157		3.50	7/20/43		15
	4	Government National Mortgage Association, Pool #AB9211		3.50	11/15/42		3
	7	Government National Mortgage Association, Pool #MA3105		3.50	9/20/45		6
	8	Government National Mortgage Association, Pool #MA2223		3.50	9/20/44		7

HC CAPITAL TRUST 

The Core Fixed Income Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Principal Amount (000)		Security Description	Rate %		Maturity Date	Value (000)
		U.S. Government Agency Mortgages (continued)
$	6	Government National Mortgage Association, Pool #MA5019		3.50	2/20/48	$	5
	7	Government National Mortgage Association, Pool #MA4586		3.50	7/20/47		6
	8	Government National Mortgage Association, Pool #MA4510		3.50	6/20/47		7
	8	Government National Mortgage Association, Pool #MA4652		3.50	8/20/47		7
	23	Government National Mortgage Association, Pool #MA8199		3.50	8/20/52		20
	4	Government National Mortgage Association, Pool #MA3454		3.50	2/20/46		3
	7	Government National Mortgage Association, Pool #MA3376		3.50	1/20/46		6
	7	Government National Mortgage Association, Pool #MA3597		3.50	4/20/46		6
	10	Government National Mortgage Association, Pool #MA3173		3.50	10/20/45		9
	8	Government National Mortgage Association, Pool #MA4382		3.50	4/20/47		7
	3	Government National Mortgage Association, Pool #MA5762		3.50	2/20/49		3
	6	Government National Mortgage Association, Pool #MA5875		3.50	4/20/49		6
	5	Government National Mortgage Association, Pool #MA5191		3.50	5/20/48		4
	8	Government National Mortgage Association, Pool #MA3874		3.50	8/20/46		7
	7	Government National Mortgage Association, Pool #MA3803		3.50	7/20/46		6
	4	Government National Mortgage Association, Pool #MA1574		3.50	1/20/29		3
	7	Government National Mortgage Association, Pool #MA3310		3.50	12/20/45		6
	14	Government National Mortgage Association, Pool #MA0699		3.50	1/20/43		12
	8	Government National Mortgage Association, Pool #MA2371		3.50	11/20/44		7
	5	Government National Mortgage Association, Pool #MA2826		3.50	5/20/45		5
	5	Government National Mortgage Association, Pool #AC3938		3.50	1/15/43		4
	4	Government National Mortgage Association, Pool #MA4778		3.50	10/20/47		4
	7	Government National Mortgage Association, Pool #MA3736		3.50	6/20/46		6
	4	Government National Mortgage Association, Pool #MA4837		3.50	11/20/47		4
	6	Government National Mortgage Association, Pool #MA2961		3.50	7/20/45		5
	8	Government National Mortgage Association, Pool #MA4004		3.50	10/20/46		7
	5	Government National Mortgage Association, Pool #MA3244		3.50	11/20/45		5
	9	Government National Mortgage Association, Pool #MA4127		3.50	12/20/46		8
	4	Government National Mortgage Association, Pool #MA6219		3.50	10/20/49		4
	4	Government National Mortgage Association, Pool #MA6339		3.50	12/20/49		4
	3	Government National Mortgage Association, Pool #MA5466		4.00	9/20/48		3
	3	Government National Mortgage Association, Pool #MA5986		4.00	6/20/49		3
	6	Government National Mortgage Association, Pool #MA1996		4.00	6/20/44		6
	3	Government National Mortgage Association, Pool #MA4322		4.00	3/20/47		3
	8	Government National Mortgage Association, Pool #MA6091		4.00	8/20/49		7
	9	Government National Mortgage Association, Pool #MA3737		4.00	6/20/46		9
	3	Government National Mortgage Association, Pool #MA3377		4.00	1/20/46		3
	3	Government National Mortgage Association, Pool #MA5651		4.00	12/20/48		3
	3	Government National Mortgage Association, Pool #MA5710		4.00	1/20/49		2
	3	Government National Mortgage Association, Pool #MA4263		4.00	2/20/47		3
	7	Government National Mortgage Association, Pool #MA6040		4.00	7/20/49		6
	3	Government National Mortgage Association, Pool #MA5876		4.00	4/20/49		2
	24	Government National Mortgage Association, Pool #MA8200		4.00	8/20/52		21
	4	Government National Mortgage Association, Pool #MA3522		4.00	3/20/46		4
	3	Government National Mortgage Association, Pool #MA4653		4.00	8/20/47		3
	27	Government National Mortgage Association, Pool #MA1091		4.00	6/20/43		25
	3	Government National Mortgage Association, Pool #MA5595		4.00	11/20/48		3
	6	Government National Mortgage Association, Pool #MA4511		4.00	6/20/47		6
	3	Government National Mortgage Association, Pool #MA3245		4.00	11/20/45		3
	3	Government National Mortgage Association, Pool #MA1762		4.50	3/20/44		3
	14	Government National Mortgage Association, Pool #721760		4.50	8/15/40		14
	23	Government National Mortgage Association, Pool #4801		4.50	9/20/40		22
	5	Government National Mortgage Association, Pool #MA5399		4.50	8/20/48		5
	2	Government National Mortgage Association, Pool #MA5818		4.50	3/20/49		2
	8	Government National Mortgage Association, Pool #MA5987		4.50	6/20/49		8
	2	Government National Mortgage Association, Pool #MA5193		4.50	5/20/48		2
	5	Government National Mortgage Association, Pool #MA5764		4.50	2/20/49		5
	25	Government National Mortgage Association, Pool #MA8877		4.50	5/20/53		23
	6	Government National Mortgage Association, Pool #MA2756		4.50	4/20/45		6
	5	Government National Mortgage Association, Pool #MA2373		4.50	11/20/44		4
	25	Government National Mortgage Association, Pool #MA8724		4.50	3/20/53		23
	3	Government National Mortgage Association, Pool #MA4721		4.50	9/20/47		3
	2	Government National Mortgage Association, Pool #MA5596		4.50	11/20/48		2
	2	Government National Mortgage Association, Pool #MA5653		5.00	12/20/48		2
	25	Government National Mortgage Association, Pool #MA8800		5.00	4/20/53		23
	25	Government National Mortgage Association, Pool #MA9016		5.00	7/20/53		24
	3	Government National Mortgage Association, Pool #MA5933		5.00	5/20/49		3
	11	Government National Mortgage Association, Pool #697946		5.00	3/15/39		11

HC CAPITAL TRUST 

The Core Fixed Income Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Principal Amount (000)		Security Description	Rate %			Maturity Date	Value (000)
		U.S. Government Agency Mortgages (continued)
$	2	Government National Mortgage Association, Pool #MA5530		5.00		10/20/48	$	2
	3	Government National Mortgage Association, Pool #MA5988		5.00		6/20/49		3
	14	Government National Mortgage Association, Pool #4559		5.00		10/20/39		14
	25	Government National Mortgage Association, Pool #MA9017		5.50		7/20/53		24
	25	Government National Mortgage Association, 30 YR TBA		2.00		10/20/53		20
	50	Government National Mortgage Association, 30 YR TBA		3.50		10/20/53		44
	50	Government National Mortgage Association, 30 YR TBA		4.00		10/20/53		44
	25	Government National Mortgage Association, 30 YR TBA		4.50		10/20/53		23
	50	Government National Mortgage Association, 30 YR TBA		5.00		10/20/53		46
	75	Government National Mortgage Association, 30 YR TBA		5.50		10/20/53		72
	50	Government National Mortgage Association, 30 YR TBA		6.00		10/20/53		49
	25	Government National Mortgage Association, 30 YR TBA		6.50		11/20/53		25
		Total U.S. Government Agency Mortgages						8,764
		U.S. Government Agency Securities — 0.76%
	25	Fannie Mae		0.50		6/17/25		23
	25	Fannie Mae		0.75		10/8/27		21
	25	Fannie Mae, Callable 12/18/23 @ 100.00		0.88		12/18/26		22
	25	Fannie Mae		1.63		1/7/25		24
	10	Fannie Mae		5.63		7/15/37		11
	20	Fannie Mae		6.63		11/15/30		22
	75	Federal Farm Credit Bank		0.88		11/18/24		70
	28	Federal Farm Credit Bank, Callable 10/13/23 @ 200.00		1.55		7/26/30		22
	15	Federal Home Loan Bank		2.50		6/12/26		14
	40	Federal Home Loan Bank		2.75		12/13/24		39
	25	Federal Home Loan Bank		3.25		11/16/28		23
	55	Federal Home Loan Bank		4.38		3/13/26		54
	25	Federal Home Loan Bank		5.00		2/28/25		25
	10	Freddie Mac		0.00	(b)	11/15/38		5
	50	Freddie Mac		0.38		7/21/25		46
	5	Freddie Mac		0.38		9/23/25		5
	40	Freddie Mac, Callable 2/23/24 @ 200.00		5.85		8/23/27		40
	15	Freddie Mac		6.25		7/15/32		17
	10	Freddie Mac		6.75		3/15/31		11
	5	Tennessee Valley Authority		3.50		12/15/42		4
	25	Tennessee Valley Authority		3.88		3/15/28		24
	10	Tennessee Valley Authority		4.25		9/15/52		8
		Total U.S. Government Agency Securities						530
		Corporate Bonds — 14.89%
	145	AbbVie, Inc. (Biotechnology)		4.40		11/6/42		120
	25	Air Products & Chemicals, Inc. (Chemicals), Callable 11/15/39 @ 100.00		2.70		5/15/40		17
	125	Amgen, Inc. (Biotechnology), Callable 2/1/25 @ 100.00		3.13		5/1/25		120
	80	Amgen, Inc. (Biotechnology), Callable 8/21/39 @ 100.00		3.15		2/21/40		56
	40	Amgen, Inc. (Biotechnology), Callable 12/15/50 @ 100.00		4.66		6/15/51		33
	220	Anheuser-Busch InBev Worldwide, Inc. (Beverages)		4.95		1/15/42		199
	140	Apple, Inc. (Technology Hardware, Storage & Peripherals), Callable 8/23/45 @ 100.00		4.65		2/23/46		125
	95	Aptiv PLC/Aptiv Corp. (Automobile Components), Callable 10/16/23 @ 100.00		2.40		2/18/25		90
	148	AT&T, Inc. (Diversified Telecommunication Services), Callable 3/15/55 @ 100.00		3.55		9/15/55		90
	115	AT&T, Inc. (Diversified Telecommunication Services), Callable 12/1/28 @ 100.00		4.35		3/1/29		107
	55	AT&T, Inc. (Diversified Telecommunication Services), Callable 9/9/48 @ 100.00		4.55		3/9/49		42
	95	Atmos Energy Corp. (Gas Utilities), Callable 7/15/42 @ 100.00		4.15		1/15/43		76
	470	Bank of America Corp. (Banks), Callable 4/22/31 @ 100.00		2.69 (SOFR + 132 bps)(c)		4/22/32		370
	90	Bank of America Corp., MTN  (Banks), Callable 2/7/29 @ 100.00		3.97 (TSFR3M + 147 bps)(c)		2/7/30		81
	95	Berkshire Hathaway Energy Co. (Multi-Utilities), Callable 8/1/44 @ 100.00		4.50		2/1/45		76
	55	BP Capital Markets America, Inc. (Financial Services), Callable 8/24/49 @ 100.00		3.00		2/24/50		34
	70	Bristol-Myers Squibb Co. (Pharmaceuticals), Callable 4/26/49 @ 100.00		4.25		10/26/49		56

HC CAPITAL TRUST 

The Core Fixed Income Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Principal Amount (000)		Security Description	Rate %		Maturity Date	Value (000)
		Corporate Bonds (continued)
$	137	Brown & Brown, Inc. (Insurance), Callable 12/15/30 @ 100.00		2.38	3/15/31	$	107
	75	Bunge Ltd. Finance Corp. (Consumer Staples Distribution & Retail), Callable 2/14/31 @ 100.00		2.75	5/14/31		60
	125	Capital One Financial Corp. (Consumer Finance), Callable 2/1/28 @ 100.00		5.47 (SOFR + 208 bps)(c)	2/1/29		119
	190	Charter Communications Operating LLC/Charter Communications Operating Capital (Media), Callable 12/30/28 @ 100.00		5.05	3/30/29		178
	185	Citigroup, Inc. (Banks), Callable 3/17/32 @ 100.00		3.79 (SOFR + 194 bps)(c)	3/17/33		155
	175	Citigroup, Inc. (Banks), Callable 3/31/30 @ 100.00		4.41 (SOFR + 391 bps)(c)	3/31/31		157
	155	Collins Aerospace (Aerospace & Defense), Callable 12/15/26 @ 100.00		3.50	3/15/27		143
	100	Comcast Corp. (Media), Callable 5/1/49 @ 100.00		4.00	11/1/49		74
	25	Comcast Corp. (Media)		4.65	7/15/42		21
	20	Consolidated Edison Co. of New York, Inc., Series 2008-B (Multi-Utilities)		6.75	4/1/38		21
	115	Constellation Brands, Inc. (Beverages), Callable 2/1/30 @ 100.00		2.88	5/1/30		97
	115	CSX Corp. (Ground Transportation)		6.22	4/30/40		118
	120	CVS Health Corp. (Health Care Providers & Services), Callable 9/25/37 @ 100.00		4.78	3/25/38		103
	60	CVS Health Corp. (Health Care Providers & Services), Callable 1/20/45 @ 100.00		5.13	7/20/45		51
	70	Dell International LLC/EMC Corp. (Technology Hardware, Storage & Peripherals), Callable 8/1/26 @ 100.00		4.90	10/1/26		68
	93	Devon Energy Corp. (Oil, Gas & Consumable Fuels), Callable 1/15/41 @ 100.00		5.60	7/15/41		82
	60	Digital Realty Trust LP (Specialized REITs), Callable 4/15/28 @ 100.00		4.45	7/15/28		56
	35	Duke Energy Carolinas LLC (Electric Utilities), Callable 6/15/41 @ 100.00		4.25	12/15/41		28
	25	Duke Energy Progress LLC (Electric Utilities), Callable 2/15/45 @ 100.00		4.20	8/15/45		19
	225	Eastern Energy Gas Holdings LLC (Multi-Utilities), Callable 9/15/24 @ 100.00		3.60	12/15/24		218
	50	EIDP, Inc. (Chemicals), Callable 2/15/33 @ 100.00		4.80	5/15/33		46
	40	Elevance Health, Inc. (Health Care Providers & Services), Callable 2/15/30 @ 100.00		2.25	5/15/30		32
	60	Elevance Health, Inc. (Health Care Providers & Services)		4.65	1/15/43		50
	95	Energy Transfer LP (Oil, Gas & Consumable Fuels), Callable 7/15/42 @ 100.00		4.95	1/15/43		74
	5	Energy Transfer LP (Oil, Gas & Consumable Fuels), Callable 3/15/28 @ 100.00		4.95	6/15/28		5
	139	Enterprise Products Operating LLC (Oil, Gas & Consumable Fuels), Callable 9/15/43 @ 100.00		4.85	3/15/44		119
	164	FedEx Corp. Pass Through Trust, Series 2020-1, Class - AA (Air Freight & Logistics)		1.88	2/20/34		130
	45	Fiserv, Inc. (Financial Services), Callable 12/2/32 @ 100.00		5.60	3/2/33		44
	45	General Motors Co. (Automobiles), Callable 9/1/25 @ 100.00		6.13	10/1/25		45
	55	General Motors Financial Co., Inc. (Consumer Finance), Callable 1/26/25 @ 100.00		2.90	2/26/25		53
	125	General Motors Financial Co., Inc. (Specialty Retail), Callable 2/6/30 @ 100.00		5.85	4/6/30		120
	70	Georgia Power Co. (Electric Utilities)		4.30	3/15/42		56
	46	Gilead Sciences, Inc. (Biotechnology), Callable 8/1/44 @ 100.00		4.50	2/1/45		38
	150	HCA, Inc. (Health Care Providers & Services)		5.38	2/1/25		148
	35	HCA, Inc. (Health Care Providers & Services), Callable 3/1/33 @ 100.00		5.50	6/1/33		33
	40	Intel Corp. (Semiconductors & Semiconductor Equipment), Callable 6/8/47 @ 100.00		3.73	12/8/47		28
	100	Intel Corp. (Semiconductors & Semiconductor Equipment), Callable 11/10/32 @ 100.00		5.20	2/10/33		97
	50	International Business Machines Corp. (IT Services)		4.00	6/20/42		39
	40	International Paper Co. (Containers & Packaging), Callable 5/15/41 @ 100.00		6.00	11/15/41		38
	115	JPMorgan Chase & Co. (Banks), Callable 4/22/31 @ 100.00		2.58 (TSFR3M + 125 bps)(c)	4/22/32		91
	500	JPMorgan Chase & Co. (Banks), Callable 4/23/28 @ 100.00		4.01 (TSFR3M + 138 bps)(c)	4/23/29		460
	100	Kinder Morgan, Inc. (Oil, Gas & Consumable Fuels), Callable 12/1/44 @ 100.00		5.55	6/1/45		86
	80	Lincoln National Corp. (Insurance), Callable 10/15/30 @ 100.00		3.40	1/15/31		65
	105	Lincoln National Corp. (Insurance), Callable 12/1/27 @ 100.00		3.80	3/1/28		95
	70	Lowe's Cos., Inc. (Specialty Retail), Callable 1/15/33 @ 100.00		5.00	4/15/33		66
	20	LYB International Finance BV (Chemicals), Callable 9/15/43 @ 100.00		4.88	3/15/44		16
	70	Martin Marietta Materials, Inc., Series CB (Construction Materials), Callable 12/15/29 @ 100.00		2.50	3/15/30		57
	80	Marvell Technology, Inc. (Semiconductors & Semiconductor Equipment), Callable 1/15/31 @ 100.00		2.95	4/15/31		65

HC CAPITAL TRUST 

The Core Fixed Income Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Principal Amount (000)		Security Description	Rate %		Maturity Date	Value (000)
		Corporate Bonds (continued)
$	25	Marvell Technology, Inc. (Semiconductors & Semiconductor Equipment), Callable 6/15/33 @ 100.00		5.95	9/15/33	$	25
	190	Microchip Technology, Inc. (Semiconductors & Semiconductor Equipment), Callable 11/6/23 @ 101.06		4.25	9/1/25		184
	110	Microsoft Corp. (Software), Callable 2/8/46 @ 100.00		3.70	8/8/46		86
	55	Mohawk Industries, Inc. (Household Durables), Callable 2/15/30 @ 100.00		3.63	5/15/30		48
	405	Morgan Stanley, MTN  (Capital Markets), Callable 7/20/26 @ 100.00		1.51 (SOFR + 86 bps)(c)	7/20/27		357
	225	Morgan Stanley, MTN  (Capital Markets), Callable 1/23/29 @ 100.00		4.43 (TSFR3M + 189 bps)(c)	1/23/30		208
	95	National Rural Utilities Cooperative Finance Corp. (Financial Services), Callable 7/15/32 @ 100.00		5.80	1/15/33		95
	80	NextEra Energy Capital Holdings, Inc. (Electric Utilities), Callable 11/28/32 @ 100.00		5.05	2/28/33		74
	40	NextEra Energy Capital Holdings, Inc. (Electric Utilities), Callable 8/28/52 @ 100.00		5.25	2/28/53		35
	85	NNN REIT, Inc. (Retail REITs), Callable 1/15/30 @ 100.00		2.50	4/15/30		69
	75	Northrop Grumman Corp. (Aerospace & Defense), Callable 4/15/47 @ 100.00		4.03	10/15/47		57
	50	Nucor Corp. (Metals & Mining), Callable 2/1/43 @ 100.00		5.20	8/1/43		46
	20	Oklahoma Gas and Electric Co. (Electric Utilities), Callable 7/15/32 @ 100.00		5.40	1/15/33		19
	60	Oklahoma Gas and Electric Co. (Electric Utilities), Callable 10/1/52 @ 100.00		5.60	4/1/53		56
	70	Oracle Corp. (Software), Callable 11/15/44 @ 100.00		4.13	5/15/45		51
	165	Ovintiv Exploration, Inc. (Oil, Gas & Consumable Fuels), Callable 10/1/25 @ 100.00		5.38	1/1/26		163
	100	Pfizer Investment Enterprises Pte Ltd. (Capital Markets), Callable 11/19/42 @ 100.00		5.11	5/19/43		92
	80	Philip Morris International, Inc. (Tobacco)		4.50	3/20/42		64
	70	Principal Financial Group, Inc. (Insurance), Callable 3/15/30 @ 100.00		2.13	6/15/30		56
	85	Progress Energy, Inc. (Electric Utilities)		6.00	12/1/39		82
	55	Prudential Financial, Inc. (Insurance)		4.60	5/15/44		46
	15	Prudential Financial, Inc. (Insurance)		6.63	6/21/40		15
	30	Public Service Electric & Gas Co. (Electric Utilities), Callable 3/1/42 @ 100.00		3.65	9/1/42		23
	50	Raytheon Technologies Corp. (Aerospace & Defense)		4.50	6/1/42		41
	95	Reliance Steel & Aluminum Co. (Metals & Mining), Callable 7/15/25 @ 100.00		1.30	8/15/25		87
	70	Reliance Steel & Aluminum Co. (Metals & Mining), Callable 5/15/30 @ 100.00		2.15	8/15/30		55
	70	RELX Capital, Inc. (Professional Services), Callable 2/22/30 @ 100.00		3.00	5/22/30		60
	45	Roper Technologies, Inc. (Software), Callable 3/30/30 @ 100.00		2.00	6/30/30		36
	70	Sabra Health Care LP (Health Care REITs), Callable 9/1/31 @ 100.00		3.20	12/1/31		52
	80	Southern Co. Gas Capital Corp. (Electric Utilities), Callable 11/30/46 @ 100.00		4.40	5/30/47		61
	55	Southwest Airlines Co. (Passenger Airlines), Callable 4/15/27 @ 100.00		5.13	6/15/27		54
	150	TCI Communications, Inc. (Media)		7.88	2/15/26		157
	420	The Goldman Sachs Group, Inc. (Capital Markets), Callable 6/5/27 @ 100.00		3.69 (TSFR3M + 177 bps)(c)	6/5/28		388
	55	The Home Depot, Inc. (Specialty Retail), Callable 6/6/48 @ 100.00		4.50	12/6/48		46
	40	The Home Depot, Inc. (Specialty Retail), Callable 3/15/40 @ 100.00		5.40	9/15/40		38
	125	The Interpublic Group of Cos., Inc. (Media)		4.20	4/15/24		124
	25	The Interpublic Group of Cos., Inc. (Media), Callable 4/1/48 @ 100.00		5.40	10/1/48		21
	60	The Travelers Cos., Inc. (Insurance)		5.35	11/1/40		57
	90	The Walt Disney Co. (Entertainment), Callable 3/15/44 @ 100.00		4.75	9/15/44		76
	80	T-Mobile US, Inc. (Wireless Telecommunication Services), Callable 10/16/23 @ 101.13		2.25	2/15/26		74
	60	T-Mobile US, Inc. (Wireless Telecommunication Services), Callable 7/15/52 @ 100.00		5.65	1/15/53		55
	25	UDR, Inc. (Residential REITs), Callable 5/15/31 @ 100.00		3.00	8/15/31		20
	45	UnitedHealth Group, Inc. (Health Care Providers & Services), Callable 5/15/41 @ 100.00		4.63	11/15/41		38
	35	UnitedHealth Group, Inc. (Health Care Providers & Services)		4.75	7/15/45		30
	70	Valero Energy Corp. (Oil, Gas & Consumable Fuels)		6.63	6/15/37		72
	25	Ventas Realty LP (Health Care REITs), Callable 11/1/24 @ 100.00		3.50	2/1/25		24
	120	Ventas Realty LP (Diversified REITs), Callable 2/1/24 @ 100.00		3.75	5/1/24		118
	40	Ventas Realty LP (Real Estate Management & Development), Callable 10/15/28 @ 100.00		4.40	1/15/29		37
	40	Verizon Communications, Inc. (Diversified Telecommunication Services), Callable 12/15/31 @ 100.00		2.36	3/15/32		30
	207	Verizon Communications, Inc. (Diversified Telecommunication Services), Callable 9/22/40 @ 100.00		3.40	3/22/41		147
	55	Verizon Communications, Inc. (Diversified Telecommunication Services)		4.33	9/21/28		52

HC CAPITAL TRUST 

The Core Fixed Income Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Principal Amount (000)		Security Description	Rate %		Maturity Date	Value (000)
		Corporate Bonds (continued)
$	85	Virginia Electric and Power Co., Series B (Electric Utilities), Callable 3/15/47 @ 100.00		3.80	9/15/47	$	61
	80	Warnermedia Holdings, Inc. (Diversified Telecommunication Services), Callable 12/15/31 @ 100.00		4.28	3/15/32		68
	220	Wells Fargo & Co., MTN  (Banks), Callable 10/30/29 @ 100.00		2.88 (TSFR3M + 143 bps)(c)	10/30/30		183
	210	Wells Fargo & Co., MTN  (Banks), Callable 5/22/27 @ 100.00		3.58 (TSFR3M + 157 bps)(c)	5/22/28		192
	55	Wells Fargo & Co. (Banks), Callable 7/25/32 @ 100.00		4.90 (SOFR + 210 bps)(c)	7/25/33		50
	55	WestRock MWV LLC (Containers & Packaging)		8.20	1/15/30		61
	55	XTO Energy, Inc. (Oil, Gas & Consumable Fuels)		6.75	8/1/37		59
		Total Corporate Bonds					10,438
		U.S. Treasury Obligations — 29.07%
	15	U.S. Treasury Bond		1.13	5/15/40		9
	8	U.S. Treasury Bond		1.13	8/15/40		5
	125	U.S. Treasury Bond		1.25	5/15/50		59
	145	U.S. Treasury Bond		1.38	8/15/50		71
	133	U.S. Treasury Bond		1.38	11/15/40		79
	140	U.S. Treasury Bond		1.63	11/15/50		73
	100	U.S. Treasury Bond		1.75	8/15/41		62
	156	U.S. Treasury Bond		1.88	2/15/51		87
	148	U.S. Treasury Bond		1.88	11/15/51		83
	140	U.S. Treasury Bond		1.88	2/15/41		90
	145	U.S. Treasury Bond		2.00	11/15/41		94
	106	U.S. Treasury Bond		2.00	2/15/50		62
	159	U.S. Treasury Bond		2.00	8/15/51		92
	100	U.S. Treasury Bond		2.25	5/15/41		69
	117	U.S. Treasury Bond		2.25	8/15/46		74
	173	U.S. Treasury Bond		2.25	2/15/52		106
	101	U.S. Treasury Bond		2.25	8/15/49		63
	110	U.S. Treasury Bond		2.38	2/15/42		76
	96	U.S. Treasury Bond		2.38	11/15/49		61
	110	U.S. Treasury Bond		2.38	5/15/51		70
	75	U.S. Treasury Bond		2.50	5/15/46		50
	80	U.S. Treasury Bond		2.50	2/15/46		54
	60	U.S. Treasury Bond		2.50	2/15/45		41
	10	U.S. Treasury Bond		2.75	11/15/42		7
	55	U.S. Treasury Bond		2.75	8/15/47		38
	80	U.S. Treasury Bond		2.75	11/15/47		56
	147	U.S. Treasury Bond		2.88	5/15/52		104
	50	U.S. Treasury Bond		2.88	8/15/45		36
	94	U.S. Treasury Bond		2.88	5/15/49		67
	65	U.S. Treasury Bond		2.88	11/15/46		47
	75	U.S. Treasury Bond		2.88	5/15/43		56
	95	U.S. Treasury Bond		3.00	8/15/48		69
	50	U.S. Treasury Bond		3.00	2/15/48		37
	90	U.S. Treasury Bond		3.00	2/15/49		66
	115	U.S. Treasury Bond		3.00	8/15/52		84
	50	U.S. Treasury Bond		3.00	11/15/45		37
	75	U.S. Treasury Bond		3.00	2/15/47		55
	55	U.S. Treasury Bond		3.00	5/15/47		40
	45	U.S. Treasury Bond		3.00	5/15/45		33
	100	U.S. Treasury Bond		3.00	11/15/44		75
	90	U.S. Treasury Bond		3.13	2/15/43		70
	22	U.S. Treasury Bond		3.13	8/15/44		17
	80	U.S. Treasury Bond		3.13	5/15/48		60
	25	U.S. Treasury Bond		3.13	11/15/41		20
	125	U.S. Treasury Bond		3.25	5/15/42		100
	75	U.S. Treasury Bond		3.38	5/15/44		60
	10	U.S. Treasury Bond		3.38	8/15/42		8
	30	U.S. Treasury Bond		3.38	11/15/48		24
	8	U.S. Treasury Bond		3.50	2/15/39		7
	75	U.S. Treasury Bond		3.63	8/15/43		63
	100	U.S. Treasury Bond		3.63	2/15/44		83

HC CAPITAL TRUST 

The Core Fixed Income Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Principal Amount (000)		Security Description	Rate %		Maturity Date	Value (000)
		U.S. Treasury Obligations (continued)
$	100	U.S. Treasury Bond		3.63	5/15/53	$	83
	98	U.S. Treasury Bond		3.63	2/15/53		81
	75	U.S. Treasury Bond		3.75	11/15/43		64
	33	U.S. Treasury Bond		3.75	8/15/41		29
	30	U.S. Treasury Bond		3.88	2/15/43		26
	25	U.S. Treasury Bond		3.88	5/15/43		22
	10	U.S. Treasury Bond		3.88	8/15/40		9
	73	U.S. Treasury Bond		4.00	11/15/52		65
	25	U.S. Treasury Bond		4.00	11/15/42		22
	50	U.S. Treasury Bond		4.13	8/15/53		45
	100	U.S. Treasury Bond		4.25	11/15/40		93
	30	U.S. Treasury Bond		4.38	8/15/43		28
	25	U.S. Treasury Bond		4.38	2/15/38		24
	15	U.S. Treasury Bond		4.38	5/15/40		14
	25	U.S. Treasury Bond		4.38	11/15/39		24
	35	U.S. Treasury Bond		4.38	5/15/41		33
	65	U.S. Treasury Bond		4.50	2/15/36		65
	35	U.S. Treasury Bond		4.63	2/15/40		34
	25	U.S. Treasury Bond		4.75	2/15/37		25
	70	U.S. Treasury Bond		4.75	2/15/41		69
	40	U.S. Treasury Bond		5.00	5/15/37		42
	20	U.S. Treasury Bond		5.25	2/15/29		20
	40	U.S. Treasury Bond		5.38	2/15/31		42
	25	U.S. Treasury Bond		6.00	2/15/26		25
	60	U.S. Treasury Bond		6.13	11/15/27		63
	25	U.S. Treasury Bond		6.13	8/15/29		27
	35	U.S. Treasury Bond		6.25	5/15/30		38
	15	U.S. Treasury Bond		6.50	11/15/26		16
	15	U.S. Treasury Bond		7.63	2/15/25		15
	55	U.S. Treasury Note		0.25	9/30/25		50
	60	U.S. Treasury Note		0.25	8/31/25		55
	30	U.S. Treasury Note		0.25	7/31/25		27
	75	U.S. Treasury Note		0.25	10/31/25		68
	50	U.S. Treasury Note		0.25	5/31/25		46
	82	U.S. Treasury Note		0.38	1/31/26		74
	60	U.S. Treasury Note		0.38	11/30/25		54
	25	U.S. Treasury Note		0.38	12/31/25		23
	80	U.S. Treasury Note		0.38	4/30/25		74
	35	U.S. Treasury Note		0.38	9/30/27		30
	115	U.S. Treasury Note		0.38	7/31/27		98
	130	U.S. Treasury Note		0.50	2/28/26		117
	105	U.S. Treasury Note		0.50	6/30/27		90
	100	U.S. Treasury Note		0.50	10/31/27		85
	5	U.S. Treasury Note		0.50	4/30/27		4
	100	U.S. Treasury Note		0.50	8/31/27		85
	195	U.S. Treasury Note		0.63	5/15/30		151
	80	U.S. Treasury Note		0.63	12/31/27		68
	120	U.S. Treasury Note		0.63	10/15/24		114
	140	U.S. Treasury Note		0.63	7/31/26		125
	85	U.S. Treasury Note		0.63	11/30/27		72
	5	U.S. Treasury Note		0.63	3/31/27		4
	250	U.S. Treasury Note		0.63	8/15/30		192
	120	U.S. Treasury Note		0.75	1/31/28		102
	150	U.S. Treasury Note		0.75	5/31/26		135
	125	U.S. Treasury Note		0.75	4/30/26		113
	100	U.S. Treasury Note		0.75	11/15/24		95
	42	U.S. Treasury Note		0.75	8/31/26		37
	145	U.S. Treasury Note		0.75	3/31/26		131
	60	U.S. Treasury Note		0.88	6/30/26		54
	145	U.S. Treasury Note		0.88	9/30/26		129
	185	U.S. Treasury Note		0.88	11/15/30		144
	135	U.S. Treasury Note		1.00	12/15/24		128
	85	U.S. Treasury Note		1.00	7/31/28		72
	10	U.S. Treasury Note		1.13	2/28/27		9
	70	U.S. Treasury Note		1.13	2/28/25		66
	135	U.S. Treasury Note		1.13	1/15/25		128
	155	U.S. Treasury Note		1.13	2/29/28		133
	145	U.S. Treasury Note		1.13	10/31/26		130

HC CAPITAL TRUST 

The Core Fixed Income Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Principal Amount (000)		Security Description	Rate %		Maturity Date	Value (000)
		U.S. Treasury Obligations (continued)
$	251	U.S. Treasury Note		1.13	2/15/31	$	197
	125	U.S. Treasury Note		1.13	8/31/28		106
	65	U.S. Treasury Note		1.25	6/30/28		56
	145	U.S. Treasury Note		1.25	12/31/26		130
	130	U.S. Treasury Note		1.25	3/31/28		112
	90	U.S. Treasury Note		1.25	4/30/28		77
	270	U.S. Treasury Note		1.25	8/15/31		210
	100	U.S. Treasury Note		1.25	5/31/28		86
	120	U.S. Treasury Note		1.25	9/30/28		102
	150	U.S. Treasury Note		1.25	11/30/26		135
	80	U.S. Treasury Note		1.38	12/31/28		68
	197	U.S. Treasury Note		1.38	11/15/31		154
	120	U.S. Treasury Note		1.38	10/31/28		102
	63	U.S. Treasury Note		1.50	2/15/30		52
	185	U.S. Treasury Note		1.50	1/31/27		167
	85	U.S. Treasury Note		1.50	2/15/25		81
	85	U.S. Treasury Note		1.50	11/30/28		73
	90	U.S. Treasury Note		1.50	11/30/24		86
	140	U.S. Treasury Note		1.50	8/15/26		128
	195	U.S. Treasury Note		1.63	5/15/31		158
	60	U.S. Treasury Note		1.63	2/15/26		56
	130	U.S. Treasury Note		1.63	5/15/26		120
	130	U.S. Treasury Note		1.63	8/15/29		110
	70	U.S. Treasury Note		1.63	9/30/26		64
	88	U.S. Treasury Note		1.75	12/31/24		84
	20	U.S. Treasury Note		1.75	12/31/26		18
	75	U.S. Treasury Note		1.75	3/15/25		71
	120	U.S. Treasury Note		1.75	11/15/29		102
	90	U.S. Treasury Note		1.75	1/31/29		78
	25	U.S. Treasury Note		1.88	6/30/26		23
	75	U.S. Treasury Note		1.88	7/31/26		69
	75	U.S. Treasury Note		1.88	2/28/29		65
	180	U.S. Treasury Note		1.88	2/28/27		164
	247	U.S. Treasury Note		1.88	2/15/32		200
	160	U.S. Treasury Note		2.00	11/15/26		147
	140	U.S. Treasury Note		2.00	8/15/25		132
	170	U.S. Treasury Note		2.00	2/15/25		163
	85	U.S. Treasury Note		2.13	5/15/25		81
	50	U.S. Treasury Note		2.13	11/30/24		48
	85	U.S. Treasury Note		2.13	5/31/26		79
	165	U.S. Treasury Note		2.25	2/15/27		152
	125	U.S. Treasury Note		2.25	11/15/24		121
	150	U.S. Treasury Note		2.25	11/15/27		136
	95	U.S. Treasury Note		2.25	11/15/25		90
	160	U.S. Treasury Note		2.25	8/15/27		146
	55	U.S. Treasury Note		2.25	10/31/24		53
	80	U.S. Treasury Note		2.25	3/31/26		75
	55	U.S. Treasury Note		2.25	12/31/24		53
	80	U.S. Treasury Note		2.38	4/30/26		75
	120	U.S. Treasury Note		2.38	5/15/29		107
	140	U.S. Treasury Note		2.38	5/15/27		129
	70	U.S. Treasury Note		2.38	3/31/29		62
	80	U.S. Treasury Note		2.50	3/31/27		74
	60	U.S. Treasury Note		2.50	2/28/26		57
	45	U.S. Treasury Note		2.63	5/31/27		42
	75	U.S. Treasury Note		2.63	3/31/25		72
	90	U.S. Treasury Note		2.63	12/31/25		86
	165	U.S. Treasury Note		2.63	2/15/29		149
	55	U.S. Treasury Note		2.63	7/31/29		49
	85	U.S. Treasury Note		2.63	1/31/26		81
	70	U.S. Treasury Note		2.63	4/15/25		67
	60	U.S. Treasury Note		2.75	5/31/29		54
	90	U.S. Treasury Note		2.75	6/30/25		86
	218	U.S. Treasury Note		2.75	8/15/32		189
	66	U.S. Treasury Note		2.75	7/31/27		61
	85	U.S. Treasury Note		2.75	8/31/25		81
	75	U.S. Treasury Note		2.75	4/30/27		70
	65	U.S. Treasury Note		2.75	5/15/25		63

HC CAPITAL TRUST 

The Core Fixed Income Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Principal Amount (000)		Security Description	Rate %		Maturity Date	Value (000)
		U.S. Treasury Obligations (continued)
$	105	U.S. Treasury Note		2.75	2/15/28	$	97
	90	U.S. Treasury Note		2.75	2/28/25		87
	65	U.S. Treasury Note		2.88	4/30/29		59
	90	U.S. Treasury Note		2.88	4/30/25		87
	125	U.S. Treasury Note		2.88	8/15/28		115
	238	U.S. Treasury Note		2.88	5/15/32		208
	160	U.S. Treasury Note		2.88	5/15/28		148
	90	U.S. Treasury Note		2.88	11/30/25		86
	75	U.S. Treasury Note		2.88	7/31/25		72
	65	U.S. Treasury Note		2.88	6/15/25		63
	85	U.S. Treasury Note		3.00	9/30/25		82
	85	U.S. Treasury Note		3.00	10/31/25		82
	60	U.S. Treasury Note		3.00	7/15/25		58
	140	U.S. Treasury Note		3.13	11/15/28		130
	65	U.S. Treasury Note		3.13	8/31/27		61
	55	U.S. Treasury Note		3.13	8/31/29		51
	60	U.S. Treasury Note		3.13	8/15/25		58
	70	U.S. Treasury Note		3.25	6/30/27		67
	60	U.S. Treasury Note		3.25	6/30/29		56
	195	U.S. Treasury Note		3.38	5/15/33		177
	70	U.S. Treasury Note		3.50	4/30/30		66
	170	U.S. Treasury Note		3.50	2/15/33		156
	70	U.S. Treasury Note		3.50	1/31/30		66
	90	U.S. Treasury Note		3.50	1/31/28		86
	85	U.S. Treasury Note		3.50	9/15/25		83
	85	U.S. Treasury Note		3.50	4/30/28		81
	80	U.S. Treasury Note		3.63	5/15/26		78
	70	U.S. Treasury Note		3.63	3/31/30		66
	90	U.S. Treasury Note		3.63	5/31/28		86
	90	U.S. Treasury Note		3.63	3/31/28		86
	70	U.S. Treasury Note		3.75	5/31/30		66
	70	U.S. Treasury Note		3.75	6/30/30		66
	80	U.S. Treasury Note		3.75	4/15/26		78
	135	U.S. Treasury Note		3.88	8/15/33		128
	85	U.S. Treasury Note		3.88	3/31/25		83
	85	U.S. Treasury Note		3.88	4/30/25		83
	75	U.S. Treasury Note		3.88	11/30/29		72
	75	U.S. Treasury Note		3.88	12/31/29		72
	90	U.S. Treasury Note		3.88	12/31/27		87
	80	U.S. Treasury Note		3.88	1/15/26		78
	75	U.S. Treasury Note		3.88	9/30/29		72
	90	U.S. Treasury Note		3.88	11/30/27		87
	105	U.S. Treasury Note		4.00	10/31/29		101
	80	U.S. Treasury Note		4.00	2/15/26		78
	85	U.S. Treasury Note		4.00	12/15/25		83
	40	U.S. Treasury Note		4.00	2/29/28		39
	45	U.S. Treasury Note		4.00	7/31/30		43
	85	U.S. Treasury Note		4.00	6/30/28		83
	70	U.S. Treasury Note		4.00	2/28/30		68
	80	U.S. Treasury Note		4.13	6/15/26		79
	85	U.S. Treasury Note		4.13	7/31/28		83
	90	U.S. Treasury Note		4.13	10/31/27		88
	90	U.S. Treasury Note		4.13	9/30/27		88
	85	U.S. Treasury Note		4.13	1/31/25		84
	142	U.S. Treasury Note		4.13	11/15/32		137
	70	U.S. Treasury Note		4.13	8/31/30		68
	85	U.S. Treasury Note		4.25	12/31/24		84
	85	U.S. Treasury Note		4.25	10/15/25		84
	85	U.S. Treasury Note		4.25	5/31/25		84
	90	U.S. Treasury Note		4.38	10/31/24		89
	85	U.S. Treasury Note		4.38	8/15/26		84
	95	U.S. Treasury Note		4.38	8/31/28		94
	80	U.S. Treasury Note		4.50	7/15/26		79
	85	U.S. Treasury Note		4.50	11/15/25		84
	90	U.S. Treasury Note		4.50	11/30/24		89
	90	U.S. Treasury Note		4.63	9/15/26		90
	85	U.S. Treasury Note		4.63	6/30/25		84
	100	U.S. Treasury Note		4.63	9/30/28		100

HC CAPITAL TRUST 

The Core Fixed Income Portfolio 

Portfolio of Investments (concluded) — September 30, 2023 (Unaudited)

Principal Amount (000)		Security Description	Rate %			Maturity Date	Value (000)
		U.S. Treasury Obligations (continued)
$	85	U.S. Treasury Note		4.63		2/28/25	$	84
	80	U.S. Treasury Note		4.63		3/15/26		79
	75	U.S. Treasury Note		4.63		9/30/30		75
	85	U.S. Treasury Note		4.75		7/31/25		84
	90	U.S. Treasury Note		5.00		8/31/25		90
	95	U.S. Treasury Note		5.00		9/30/25		95
		Total U.S. Treasury Obligations						20,382
		Yankee Dollars — 1.58%
	45	America Movil SAB de CV (Wireless Telecommunication Services)		6.13		11/15/37		46
	35	BHP Billiton Finance USA Ltd. (Metals & Mining)		5.00		9/30/43		32
	64	British Telecommunications PLC (Diversified Telecommunication Services)		9.63		12/15/30		75
	170	Canadian Natural Resources Ltd. (Oil, Gas & Consumable Fuels), Callable 6/15/25 @ 100.00		2.05		7/15/25		160
	45	Canadian Pacific Railway Co. (Transportation Infrastructure)		7.13		10/15/31		48
	40	Deutsche Telekom International Finance BV (Diversified Telecommunication Services)		8.75		6/15/30		46
	90	Diageo Capital PLC (Financial Services)		5.88		9/30/36		91
	80	Enbridge, Inc. (Oil, Gas & Consumable Fuels), Callable 2/1/51 @ 100.00		3.40		8/1/51		50
	105	Equinor ASA (Oil, Gas & Consumable Fuels)		5.10		8/17/40		98
	75	Iberdrola International BV (Electric Utilities)		5.81		3/15/25		75
	80	Iberdrola International BV (Electric Utilities)		6.75		7/15/36		84
	40	Nutrien Ltd. (Chemicals), Callable 2/13/30 @ 100.00		2.95		5/13/30		33
	60	Orange SA (Diversified Telecommunication Services)		9.00		3/1/31		71
	70	Shell International Finance BV (Financial Services)		4.55		8/12/43		59
	35	Telefonica Emisiones SA (Diversified Telecommunication Services)		7.05		6/20/36		36
	70	The Toronto-Dominion Bank (Banks)		3.20		3/10/32		57
	25	Vodafone Group PLC (Wireless Telecommunication Services)		4.13		5/30/25		24
	25	Vodafone Group PLC (Wireless Telecommunication Services)		6.15		2/27/37		25
		Total Yankee Dollars						1,110
Shares
		Exchange-Traded Fund — 33.86%
	415,524	Vanguard Intermediate-Term Treasury ETF						23,746
		Total Exchange-Traded Fund						23,746
		Investment Companies — 6.96%
	111,704	State Street Institutional Treasury Money Market Fund, Premier Class		5.28	(d)			112
	4,770,362	State Street Institutional Treasury Plus Money Market Fund, Trust Class		5.23	(d)			4,770
		Total Investment Companies						4,882
		Total Investments (cost $76,751) — 100.66%						70,582
		Liabilities in excess of other assets — (0.66)%						(460	)
		Net Assets — 100.00%					$	70,122

Amounts designated as "—" are $0 or have been rounded to $0.                             

(a)	The rate for certain asset-backed and mortgage-backed securities may vary based on factors relating to the pool of assets underlying the security.  The rate disclosed is the rate in effect on September 30, 2023.
(b)	Zero Coupon Security. Effective rate shown is as of September 30, 2023.
(c)	Variable Rate Security. The rate disclosed is the rate in effect on September 30, 2023.
(d)	Annualized 7-day yield as of period-end.

bps—Basis Points

ETF—Exchange-Traded Fund

MTN—Medium Term Note

REIT—Real Estate Investment Trust

SOFR—Secured Overnight Financing Rate

TBA—To Be Announced purchase or sale commitment. Security is subject to delayed delivery

TSFR3M—3 Month SOFR

The following table reflects the percentage of total net assets of the Portfolio attributable to each Specialist Manager as of September 30, 2023.

The Core Fixed Income Portfolio	Agincourt Capital Management, LLC			Mellon Investments Corporation			Parametric Portfolio Associates, LLC			HC Capital Solutions			Total
Asset Backed Securities		-			0.20	%		-			-			0.20	%
Collateralized Mortgage Obligations		-			0.84	%		-			-			0.84	%
U.S. Government Agency Mortgages		-			12.50	%		-			-			12.50	%
U.S. Government Agency Securities		-			0.76	%		-			-			0.76	%
Corporate Bonds		14.89	%		-			-			-			14.89	%
U.S. Treasury Obligations		-			29.07	%		-			-			29.07	%
Yankee Dollars		1.58	%		-			-			-			1.58	%
Exchange Traded Fund		-			-			33.86	%		-			33.86	%
Investment Companies		0.16	%		1.13	%		0.55	%		5.12	%		6.96	%
Other Assets (Liabilities)		0.19	%		-0.85	%		-			-			-0.66	%
Total Net Assets		16.82	%		43.65	%		34.41	%		5.12	%		100.00	%

Amounts designated as "—" indicate the Specialist Manager did not manage any holdings in that category. 

HC CAPITAL TRUST 

The Corporate Opportunities Portfolio 

Portfolio of Investments — September 30, 2023 (Unaudited)

Shares		Security Description	Rate %			Value (000)
		Common Stock — 0.00%
	1,740,900	ACC Claims Holding LLC (Financial Services) ^(a)(b)				$	–
		Total Common Stock					–
		Investment Companies — 97.85%
	129,168	Apollo Senior Floating Rate Fund, Inc.					1,736
	111,376	Apollo Tactical Income Fund, Inc.					1,489
	89,037	BlackRock Debt Strategies Fund, Inc.					914
	241,483	BlackRock Floating Rate Income Trust					2,912
	374,047	Blackstone Strategic Credit Term Fund					4,111
	233,055	Eaton Vance, Ltd. Duration Income Fund					2,107
	1,177,000	Federated Hermes Treasury Obligations Fund, Institutional Shares^^		4.99	(c)		1,177
	102,040	First Trust High Income Long/Short Fund					1,094
	293,165	First Trust High Yield Opportunities 2027 Term Fund					3,905
	370,522	First Trust Senior Floating Rate Income Fund II					3,705
	427,113	Franklin, Ltd. Duration Income Trust					2,601
	793,163	Nuveen Credit Strategies Income Fund					4,013
	531,802	Nuveen Floating Rate Income Fund Closed End Fund					4,367
	341,503	PGIM Global High Yield Fund, Inc.					3,681
	312,695	PGIM High Yield Bond Fund, Inc.					3,684
	300,138	PGIM Short Duration High Yield Opportunities Fund					4,350
	139,911,427	State Street Institutional Treasury Plus Money Market Fund, Trust Class		5.23	(c)		139,911
	1,338,196	State Street Institutional U.S. Government Money Market Fund, Administrative Class		5.04	(c)		1,338
	296,034	Western Asset Diversified Income Fund					3,919
	403,530	Western Asset High Income Opportunity Fund, Inc.					1,469
	227,736	Western Asset High Yield Defined Opportunity Fund, Inc.					2,617
		Total Investment Companies					195,100
		Total Investments (cost $196,384) — 97.85%					195,100
		Other assets in excess of liabilities — 2.15%					4,281
		Net Assets — 100.00%				$	199,381

Amounts designated as "—" are $0 or have been rounded to $0.

^	All or part of this security was on loan as of September 30, 2023.
^^	Purchased with cash collateral held from securities lending.
(a)	Escrow security due to bankruptcy.
(b)	Security was valued using significant unobservable inputs as of September 30, 2023.
(c)	Annualized 7-day yield as of period-end.

The following table reflects the percentage of total net assets of the Portfolio attributable to each Specialist Manager as of September 30, 2023.

The Corporate Opportunities Portfolio	City of London Investment Management Company, Limited			Parametric Portfolio Associates, LLC			HC Capital Solutions			Total
Common Stock		-			-			0.00	%		0.00	%
Investment Companies		27.09	%		70.16	%		0.60	%		97.85	%
Other Assets (Liabilities)		0.38	%		2.34	%		-0.57	%		2.15	%
Total Net Assets		27.47	%		72.50	%		0.03	%		100.00	%

Amounts designated as "—" indicate the Specialist Manager did not manage any holdings in that category.

The following table reflects the open derivative positions held by the Portfolio as of September 30, 2023.

Futures Contracts Purchased*

Description	Number of Contracts		Expiration Date	Notional Amount (000)		Value and Unrealized Appreciation/ (Depreciation) (000)
5 Year US Treasury Note Future		835	12/29/23	$	87,975	$	(894	)
E-Mini S&P 500 Future		261	12/15/23		56,448		(2,606	)

	$	144,423	$	(3,500	)
Total Unrealized Appreciation			$	—
Total Unrealized Depreciation				(3,500	)
Total Net Unrealized Appreciation/(Depreciation)			$	(3,500	)

* Cash has been pledged as collateral for futures contracts held by the Portfolio.

HC CAPITAL TRUST 

The U.S. Government Fixed Income Securities Portfolio 

Portfolio of Investments — September 30, 2023 (Unaudited)

Principal Amount (000)		Security Description	Rate %			Maturity Date	Value (000)
		U.S. Government Agency Securities — 1.13%
$	200	Fannie Mae		0.38		8/25/25	$	183
	650	Fannie Mae		0.50		6/17/25		600
	400	Fannie Mae		0.50		11/7/25		364
	150	Fannie Mae		0.63		4/22/25		140
	550	Fannie Mae		0.75		10/8/27		470
	100	Fannie Mae, Callable 12/18/23 @ 100.00		0.88		12/18/26		88
	200	Fannie Mae		0.88		8/5/30		154
	100	Fannie Mae		1.88		9/24/26		92
	150	Fannie Mae		2.13		4/24/26		140
	95	Fannie Mae		6.25		5/15/29		102
	160	Fannie Mae		6.63		11/15/30		177
	180	Fannie Mae		7.25		5/15/30		204
	500	Federal Farm Credit Bank		0.88		11/18/24		475
	250	Federal Farm Credit Bank		1.13		1/6/25		237
	75	Federal Farm Credit Bank, Callable 10/13/23 @ 100.00		1.24		12/23/30		57
	468	Federal Farm Credit Bank, Callable 10/13/23 @ 100.00		1.55		7/26/30		370
	250	Federal Farm Credit Bank		1.75		2/14/25		238
	300	Federal Farm Credit Bank		4.38		7/6/26		295
	100	Federal Farm Credit Bank		4.50		8/14/26		99
	200	Federal Farm Credit Bank		4.75		5/28/26		199
	300	Federal Home Loan Bank		0.38		9/4/25		274
	700	Federal Home Loan Bank		0.50		4/14/25		652
	70	Federal Home Loan Bank, Callable 10/27/23 @ 100.00		1.00		7/27/26		63
	100	Federal Home Loan Bank		1.25		12/21/26		89
	300	Federal Home Loan Bank		3.25		6/9/28		281
	800	Federal Home Loan Bank, Series 2, Callable 11/28/23 @ 100.00		4.00		8/28/25		781
	300	Federal Home Loan Bank		4.00		6/30/28		291
	200	Federal Home Loan Bank		4.38		6/12/26		197
	165	Federal Home Loan Bank		5.50		7/15/36		174
	100	Freddie Mac, Series 1		0.00	(a)	11/15/38		46
	650	Freddie Mac		0.38		7/21/25		597
	500	Freddie Mac		0.38		9/23/25		456
	400	Freddie Mac, Callable 10/27/23 @ 100.00		0.80		10/27/26		352
	350	Freddie Mac		1.50		2/12/25		332
	27	Freddie Mac, Callable 11/28/23 @ 100.00		4.20		8/28/25		26
	250	Freddie Mac		6.25		7/15/32		275
	180	Freddie Mac		6.75		3/15/31		201
	85	Tennessee Valley Authority		5.25		9/15/39		83
	200	Tennessee Valley Authority		5.38		4/1/56		199
	100	Tennessee Valley Authority		5.88		4/1/36		106
	140	Tennessee Valley Authority		6.15		1/15/38		151
		Total U.S. Government Agency Securities						10,310
		U.S. Treasury Obligations — 44.71%
	1,500	U.S. Treasury Bond		1.13		5/15/40		860
	2,625	U.S. Treasury Bond		1.13		8/15/40		1,491
	2,610	U.S. Treasury Bond		1.25		5/15/50		1,232
	1,965	U.S. Treasury Bond		1.38		11/15/40		1,161
	2,580	U.S. Treasury Bond		1.38		8/15/50		1,259
	2,820	U.S. Treasury Bond		1.63		11/15/50		1,477
	2,625	U.S. Treasury Bond		1.75		8/15/41		1,634
	2,975	U.S. Treasury Bond		1.88		11/15/51		1,659
	2,695	U.S. Treasury Bond		1.88		2/15/51		1,511
	2,140	U.S. Treasury Bond		1.88		2/15/41		1,380
	4,335	U.S. Treasury Bond		2.00		8/15/51		2,503
	3,320	U.S. Treasury Bond		2.00		11/15/41		2,154
	1,370	U.S. Treasury Bond		2.00		2/15/50		800
	3,010	U.S. Treasury Bond		2.25		2/15/52		1,848
	1,750	U.S. Treasury Bond		2.25		5/15/41		1,200
	1,260	U.S. Treasury Bond		2.25		8/15/46		799
	1,250	U.S. Treasury Bond		2.25		8/15/49		778
	1,880	U.S. Treasury Bond		2.38		2/15/42		1,299
	3,860	U.S. Treasury Bond		2.38		5/15/51		2,449
	3,000	U.S. Treasury Bond		2.38		11/15/49		1,920
	2,015	U.S. Treasury Bond		2.50		2/15/45		1,368
	800	U.S. Treasury Bond		2.50		5/15/46		536

HC CAPITAL TRUST 

The U.S. Government Fixed Income Securities Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Principal Amount (000)		Security Description	Rate %		Maturity Date	Value (000)
		U.S. Treasury Obligations (continued)
$	1,135	U.S. Treasury Bond		2.50	2/15/46	$	761
	1,110	U.S. Treasury Bond		2.75	8/15/47		775
	2,320	U.S. Treasury Bond		2.75	11/15/47		1,617
	450	U.S. Treasury Bond		2.75	8/15/42		329
	1,995	U.S. Treasury Bond		2.75	11/15/42		1,455
	2,000	U.S. Treasury Bond		2.88	5/15/49		1,427
	780	U.S. Treasury Bond		2.88	8/15/45		565
	2,095	U.S. Treasury Bond		2.88	5/15/52		1,486
	955	U.S. Treasury Bond		2.88	11/15/46		686
	1,766	U.S. Treasury Bond		2.88	5/15/43		1,307
	1,125	U.S. Treasury Bond		3.00	5/15/42		861
	440	U.S. Treasury Bond		3.00	2/15/47		323
	1,645	U.S. Treasury Bond		3.00	2/15/49		1,203
	670	U.S. Treasury Bond		3.00	11/15/45		495
	1,010	U.S. Treasury Bond		3.00	5/15/45		750
	1,460	U.S. Treasury Bond		3.00	8/15/48		1,067
	1,370	U.S. Treasury Bond		3.00	2/15/48		1,002
	1,075	U.S. Treasury Bond		3.00	5/15/47		788
	955	U.S. Treasury Bond		3.00	11/15/44		712
	2,270	U.S. Treasury Bond		3.00	8/15/52		1,655
	1,000	U.S. Treasury Bond		3.13	11/15/41		786
	1,030	U.S. Treasury Bond		3.13	5/15/48		772
	1,230	U.S. Treasury Bond		3.13	8/15/44		939
	1,177	U.S. Treasury Bond		3.13	2/15/43		911
	1,000	U.S. Treasury Bond		3.13	2/15/42		783
	850	U.S. Treasury Bond		3.25	5/15/42		677
	1,130	U.S. Treasury Bond		3.38	5/15/44		901
	2,900	U.S. Treasury Bond		3.38	11/15/48		2,275
	1,315	U.S. Treasury Bond		3.38	8/15/42		1,066
	40	U.S. Treasury Bond		3.50	2/15/39		35
	1,905	U.S. Treasury Bond		3.63	5/15/53		1,578
	2,100	U.S. Treasury Bond		3.63	2/15/53		1,738
	1,470	U.S. Treasury Bond		3.63	8/15/43		1,226
	1,030	U.S. Treasury Bond		3.63	2/15/44		856
	920	U.S. Treasury Bond		3.75	11/15/43		781
	150	U.S. Treasury Bond		3.88	5/15/43		130
	225	U.S. Treasury Bond		3.88	8/15/40		200
	875	U.S. Treasury Bond		3.88	2/15/43		762
	925	U.S. Treasury Bond		4.00	11/15/52		820
	915	U.S. Treasury Bond		4.13	8/15/53		831
	30	U.S. Treasury Bond		4.25	5/15/39		28
	550	U.S. Treasury Bond		4.25	11/15/40		511
	855	U.S. Treasury Bond		4.38	11/15/39		813
	530	U.S. Treasury Bond		4.38	2/15/38		513
	551	U.S. Treasury Bond		4.38	5/15/41		519
	163	U.S. Treasury Bond		4.38	5/15/40		154
	255	U.S. Treasury Bond		4.50	5/15/38		249
	1,025	U.S. Treasury Bond		4.50	2/15/36		1,022
	1,150	U.S. Treasury Bond		4.50	8/15/39		1,114
	673	U.S. Treasury Bond		4.63	2/15/40		659
	520	U.S. Treasury Bond		4.75	2/15/37		529
	1,500	U.S. Treasury Bond		4.75	2/15/41		1,483
	235	U.S. Treasury Bond		5.00	5/15/37		244
	425	U.S. Treasury Bond		5.25	2/15/29		435
	282	U.S. Treasury Bond		5.25	11/15/28		289
	1,274	U.S. Treasury Bond		5.38	2/15/31		1,332
	400	U.S. Treasury Bond		5.50	8/15/28		414
	85	U.S. Treasury Bond		6.00	2/15/26		87
	265	U.S. Treasury Bond		6.13	11/15/27		279
	280	U.S. Treasury Bond		6.13	8/15/29		301
	1,090	U.S. Treasury Bond		6.25	5/15/30		1,187
	100	U.S. Treasury Bond		6.38	8/15/27		105
	218	U.S. Treasury Bond		6.50	11/15/26		228
	1,000	U.S. Treasury Bond		6.63	2/15/27		1,054
	200	U.S. Treasury Bond		6.75	8/15/26		209
	300	U.S. Treasury Bond		6.88	8/15/25		308
	295	U.S. Treasury Bond		7.63	2/15/25		303
	1,580	U.S. Treasury Note		0.25	7/31/25		1,446

HC CAPITAL TRUST 

The U.S. Government Fixed Income Securities Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Principal Amount (000)		Security Description	Rate %		Maturity Date	Value (000)
		U.S. Treasury Obligations (continued)
$	2,680	U.S. Treasury Note		0.25	10/31/25	$	2,429
	1,145	U.S. Treasury Note		0.25	9/30/25		1,042
	3,105	U.S. Treasury Note		0.25	8/31/25		2,832
	2,525	U.S. Treasury Note		0.25	5/31/25		2,328
	1,675	U.S. Treasury Note		0.25	6/30/25		1,539
	3,415	U.S. Treasury Note		0.38	9/30/27		2,882
	2,075	U.S. Treasury Note		0.38	7/31/27		1,762
	2,100	U.S. Treasury Note		0.38	1/31/26		1,890
	610	U.S. Treasury Note		0.38	9/15/24		581
	2,500	U.S. Treasury Note		0.38	11/30/25		2,264
	1,895	U.S. Treasury Note		0.38	12/31/25		1,713
	3,120	U.S. Treasury Note		0.38	8/15/24		2,984
	1,560	U.S. Treasury Note		0.38	4/30/25		1,446
	2,175	U.S. Treasury Note		0.50	2/28/26		1,958
	1,905	U.S. Treasury Note		0.50	3/31/25		1,775
	1,900	U.S. Treasury Note		0.50	6/30/27		1,627
	2,600	U.S. Treasury Note		0.50	5/31/27		2,234
	3,090	U.S. Treasury Note		0.50	8/31/27		2,629
	2,425	U.S. Treasury Note		0.50	10/31/27		2,051
	1,885	U.S. Treasury Note		0.50	4/30/27		1,625
	2,720	U.S. Treasury Note		0.63	5/15/30		2,105
	1,575	U.S. Treasury Note		0.63	3/31/27		1,368
	3,895	U.S. Treasury Note		0.63	8/15/30		2,989
	2,885	U.S. Treasury Note		0.63	11/30/27		2,446
	2,925	U.S. Treasury Note		0.63	10/15/24		2,784
	2,800	U.S. Treasury Note		0.63	12/31/27		2,368
	1,635	U.S. Treasury Note		0.63	7/31/26		1,455
	3,090	U.S. Treasury Note		0.75	3/31/26		2,794
	3,470	U.S. Treasury Note		0.75	4/30/26		3,126
	2,960	U.S. Treasury Note		0.75	11/15/24		2,811
	2,800	U.S. Treasury Note		0.75	5/31/26		2,514
	4,025	U.S. Treasury Note		0.75	1/31/28		3,412
	1,845	U.S. Treasury Note		0.75	8/31/26		1,643
	4,830	U.S. Treasury Note		0.88	11/15/30		3,757
	2,295	U.S. Treasury Note		0.88	6/30/26		2,065
	1,615	U.S. Treasury Note		0.88	9/30/26		1,441
	3,365	U.S. Treasury Note		1.00	7/31/28		2,838
	2,975	U.S. Treasury Note		1.00	12/15/24		2,824
	3,775	U.S. Treasury Note		1.13	10/31/26		3,382
	2,780	U.S. Treasury Note		1.13	1/15/25		2,635
	3,635	U.S. Treasury Note		1.13	8/31/28		3,078
	2,135	U.S. Treasury Note		1.13	2/28/25		2,015
	650	U.S. Treasury Note		1.13	2/28/27		577
	5,490	U.S. Treasury Note		1.13	2/15/31		4,329
	2,465	U.S. Treasury Note		1.13	2/29/28		2,121
	3,195	U.S. Treasury Note		1.25	11/30/26		2,867
	3,390	U.S. Treasury Note		1.25	5/31/28		2,911
	3,510	U.S. Treasury Note		1.25	4/30/28		3,022
	5,385	U.S. Treasury Note		1.25	8/15/31		4,209
	2,460	U.S. Treasury Note		1.25	3/31/28		2,123
	2,185	U.S. Treasury Note		1.25	9/30/28		1,857
	3,515	U.S. Treasury Note		1.25	6/30/28		3,010
	2,000	U.S. Treasury Note		1.25	12/31/26		1,792
	4,500	U.S. Treasury Note		1.38	11/15/31		3,527
	1,205	U.S. Treasury Note		1.38	1/31/25		1,144
	450	U.S. Treasury Note		1.38	8/31/26		408
	3,470	U.S. Treasury Note		1.38	12/31/28		2,947
	3,525	U.S. Treasury Note		1.38	10/31/28		3,007
	3,370	U.S. Treasury Note		1.50	2/15/25		3,200
	370	U.S. Treasury Note		1.50	10/31/24		355
	1,000	U.S. Treasury Note		1.50	8/15/26		912
	2,400	U.S. Treasury Note		1.50	11/30/24		2,295
	3,530	U.S. Treasury Note		1.50	11/30/28		3,025
	4,105	U.S. Treasury Note		1.50	1/31/27		3,696
	1,810	U.S. Treasury Note		1.50	2/15/30		1,500
	3,500	U.S. Treasury Note		1.63	5/15/26		3,221
	600	U.S. Treasury Note		1.63	9/30/26		548
	1,000	U.S. Treasury Note		1.63	10/31/26		910

HC CAPITAL TRUST 

The U.S. Government Fixed Income Securities Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Principal Amount (000)		Security Description	Rate %		Maturity Date	Value (000)
		U.S. Treasury Obligations (continued)
$	945	U.S. Treasury Note		1.63	11/30/26	$	858
	2,930	U.S. Treasury Note		1.63	8/15/29		2,486
	1,400	U.S. Treasury Note		1.63	2/15/26		1,297
	4,455	U.S. Treasury Note		1.63	5/15/31		3,616
	1,100	U.S. Treasury Note		1.75	12/31/26		1,001
	1,890	U.S. Treasury Note		1.75	11/15/29		1,607
	3,320	U.S. Treasury Note		1.75	1/31/29		2,869
	1,160	U.S. Treasury Note		1.75	12/31/24		1,110
	1,095	U.S. Treasury Note		1.75	3/15/25		1,041
	410	U.S. Treasury Note		1.88	6/30/26		379
	490	U.S. Treasury Note		1.88	8/31/24		474
	3,100	U.S. Treasury Note		1.88	2/15/32		2,518
	2,390	U.S. Treasury Note		1.88	7/31/26		2,205
	3,200	U.S. Treasury Note		1.88	2/28/29		2,779
	1,650	U.S. Treasury Note		1.88	2/28/27		1,502
	2,971	U.S. Treasury Note		2.00	2/15/25		2,841
	2,575	U.S. Treasury Note		2.00	8/15/25		2,432
	2,885	U.S. Treasury Note		2.00	11/15/26		2,653
	290	U.S. Treasury Note		2.13	7/31/24		282
	2,985	U.S. Treasury Note		2.13	5/15/25		2,842
	1,430	U.S. Treasury Note		2.13	5/31/26		1,333
	445	U.S. Treasury Note		2.13	11/30/24		429
	1,785	U.S. Treasury Note		2.25	2/15/27		1,647
	2,500	U.S. Treasury Note		2.25	3/31/26		2,346
	795	U.S. Treasury Note		2.25	12/31/24		765
	1,135	U.S. Treasury Note		2.25	11/15/24		1,096
	790	U.S. Treasury Note		2.25	10/31/24		764
	1,775	U.S. Treasury Note		2.25	11/15/27		1,614
	2,575	U.S. Treasury Note		2.25	8/15/27		2,353
	1,675	U.S. Treasury Note		2.25	11/15/25		1,582
	475	U.S. Treasury Note		2.38	8/15/24		462
	3,200	U.S. Treasury Note		2.38	3/31/29		2,849
	130	U.S. Treasury Note		2.38	4/30/26		122
	2,615	U.S. Treasury Note		2.38	5/15/29		2,323
	2,510	U.S. Treasury Note		2.38	5/15/27		2,315
	2,000	U.S. Treasury Note		2.50	3/31/27		1,858
	990	U.S. Treasury Note		2.50	1/31/25		954
	3,585	U.S. Treasury Note		2.63	2/15/29		3,243
	1,205	U.S. Treasury Note		2.63	12/31/25		1,145
	2,120	U.S. Treasury Note		2.63	4/15/25		2,039
	955	U.S. Treasury Note		2.63	3/31/25		919
	1,250	U.S. Treasury Note		2.63	5/31/27		1,162
	1,055	U.S. Treasury Note		2.63	1/31/26		1,001
	2,065	U.S. Treasury Note		2.63	7/31/29		1,853
	850	U.S. Treasury Note		2.75	6/30/25		816
	3,000	U.S. Treasury Note		2.75	5/31/29		2,718
	1,280	U.S. Treasury Note		2.75	8/31/25		1,225
	1,525	U.S. Treasury Note		2.75	5/15/25		1,467
	750	U.S. Treasury Note		2.75	4/30/27		701
	2,500	U.S. Treasury Note		2.75	2/28/25		2,413
	2,825	U.S. Treasury Note		2.75	2/15/28		2,612
	4,160	U.S. Treasury Note		2.75	8/15/32		3,602
	3,000	U.S. Treasury Note		2.88	4/30/29		2,739
	3,610	U.S. Treasury Note		2.88	5/15/32		3,169
	540	U.S. Treasury Note		2.88	7/31/25		519
	1,505	U.S. Treasury Note		2.88	5/31/25		1,449
	1,500	U.S. Treasury Note		2.88	4/30/25		1,446
	3,380	U.S. Treasury Note		2.88	8/15/28		3,121
	2,005	U.S. Treasury Note		2.88	6/15/25		1,930
	2,995	U.S. Treasury Note		2.88	5/15/28		2,775
	800	U.S. Treasury Note		2.88	11/30/25		765
	2,585	U.S. Treasury Note		3.00	7/15/25		2,490
	1,415	U.S. Treasury Note		3.00	9/30/25		1,360
	880	U.S. Treasury Note		3.00	10/31/25		845
	1,930	U.S. Treasury Note		3.13	8/15/25		1,862
	3,430	U.S. Treasury Note		3.13	11/15/28		3,194
	2,000	U.S. Treasury Note		3.13	8/31/29		1,843
	2,200	U.S. Treasury Note		3.25	6/30/27		2,090

HC CAPITAL TRUST 

The U.S. Government Fixed Income Securities Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Principal Amount (000)		Security Description	Rate %			Maturity Date	Value (000)
		U.S. Treasury Obligations (continued)
$	1,700	U.S. Treasury Note		3.25		6/30/29	$	1,580
	4,400	U.S. Treasury Note		3.38		5/15/33		3,992
	1,245	U.S. Treasury Note		3.50		1/31/30		1,167
	5,000	U.S. Treasury Note		3.50		2/15/33		4,588
	2,200	U.S. Treasury Note		3.50		1/31/28		2,100
	1,905	U.S. Treasury Note		3.50		9/15/25		1,849
	1,580	U.S. Treasury Note		3.63		5/15/26		1,532
	1,545	U.S. Treasury Note		3.75		4/15/26		1,503
	2,635	U.S. Treasury Note		3.88		8/15/33		2,490
	265	U.S. Treasury Note		3.88		11/30/29		254
	1,500	U.S. Treasury Note		3.88		4/30/25		1,469
	1,325	U.S. Treasury Note		3.88		12/31/29		1,269
	800	U.S. Treasury Note		3.88		9/30/29		768
	1,740	U.S. Treasury Note		3.88		1/15/26		1,699
	1,725	U.S. Treasury Note		4.00		12/15/25		1,689
	1,900	U.S. Treasury Note		4.00		2/15/26		1,860
	1,000	U.S. Treasury Note		4.00		2/29/28		974
	3,720	U.S. Treasury Note		4.13		11/15/32		3,588
	1,580	U.S. Treasury Note		4.13		6/15/26		1,551
	1,835	U.S. Treasury Note		4.25		10/15/25		1,806
	1,670	U.S. Treasury Note		4.38		8/15/26		1,649
	795	U.S. Treasury Note		4.38		10/31/24		786
	1,765	U.S. Treasury Note		4.50		11/15/25		1,746
	1,590	U.S. Treasury Note		4.50		7/15/26		1,575
	1,750	U.S. Treasury Note		4.63		9/15/26		1,741
	1,555	U.S. Treasury Note		4.63		3/15/26		1,544
	125	U.S. Treasury Note		4.63		2/28/25		124
		Total U.S. Treasury Obligations						406,428
Shares
		Exchange-Traded Funds — 52.33%
	6,531,963	Vanguard Intermediate-Term Treasury ETF						373,302
	2,164,856	Vanguard Short-Term Inflation-Protected Securities ETF						102,354
		Total Exchange-Traded Funds						475,656
		Investment Company — 1.22%
	11,108,684	State Street Institutional Treasury Plus Money Market Fund, Trust Class		5.23	(b)			11,109
		Total Investment Company						11,109
		Total Investments (cost $957,141) — 99.39%						903,503
		Other assets in excess of liabilities — 0.61%						5,548
		Net Assets — 100.00%					$	909,051

(a)	Zero Coupon Security. Effective rate shown is as of September 30, 2023.
(b)	Annualized 7-day yield as of period-end.

ETF—Exchange-Traded Fund

The following table reflects the percentage of total net assets of the Portfolio attributable to each Specialist Manager as of September 30, 2023.

The U.S. Government Fixed Income Securities Portfolio	Mellon Investments Corporation			Parametric Portfolio Associates, LLC			Total
U.S. Government Agency Securities		1.13	%		-			1.13	%
U.S. Treasury Obligations		44.71	%		-			44.71	%
Exchange-Traded Fund		-			52.33	%		52.33	%
Investment Company		-			1.22	%		1.22	%
Other Assets (Liabilities)		0.25	%		0.36	%		0.61	%
Total Net Assets		46.09	%		53.91	%		100.00	%

Amounts designated as "—" indicate the Specialist Manager did not manage any holdings in that category. 

HC CAPITAL TRUST 

The U.S. Government Fixed Income Securities Portfolio 

Portfolio of Investments (concluded) — September 30, 2023 (Unaudited)

The following table reflects the open derivative positions held by the Portfolio as of September 30, 2023.

Futures Contracts Purchased*            

Description	Number of Contracts	Expiration Date	Notional Amount (000)		Value and Unrealized Appreciation/ (Depreciation) (000)
10 Year US Treasury Note Future	741	12/19/23	$	80,074	$	(1,319	)
			$	80,074	$	(1,319	)
	Total Unrealized Appreciation				$	—
	Total Unrealized Depreciation					(1,319	)
	Total Net Unrealized Appreciation/(Depreciation)				$	(1,319	)

* Cash has been pledged as collateral for futures contracts held by the Portfolio.

Options on Futures Contracts

Exchange-traded options on futures contacts written as of September 30, 2023 were as follows:

Description	Put/Call	Number of Contracts		Notional Amount (000)		Exercise Price		Expiration Date	Value (000)
10 Year US Treasury Note Future Option	Put		150	$	802	$	107.00	10/27/23	$	(70	)
10 Year US Treasury Note Future Option	Put		100		539		108.00	10/27/23		(84	)
10 Year US Treasury Note Future Option	Put		100		533		106.50	10/27/23		(33	)
10 Year US Treasury Note Future Option	Put		100		538		107.50	10/27/23		(64	)
10 Year US Treasury Note Future Option	Put		150		802		107.00	11/24/23		(127	)
10 Year US Treasury Note Future Option	Put		50		264		105.50	11/24/23		(23	)
10 Year US Treasury Note Future Option	Put		100		530		106.00	11/24/23		(56	)
10 Year US Treasury Note Future Option	Put		100		533		106.50	11/24/23		(69	)
									$	(526	)

HC CAPITAL TRUST 

The U.S. Corporate Fixed Income Securities Portfolio 

Portfolio of Investments — September 30, 2023 (Unaudited)

Principal Amount (000)		Security Description	Rate %		Maturity Date	Value (000)
		Corporate Bonds — 75.04%
$	2,694	AbbVie, Inc. (Biotechnology)		4.40	11/6/42	$	2,231
	232	Air Products & Chemicals, Inc. (Chemicals), Callable 11/15/39 @ 100.00		2.70	5/15/40		159
	530	Alabama Power Co., Series B (Electric Utilities), Callable 6/1/47 @ 100.00		3.70	12/1/47		374
	155	Alabama Power Co. (Electric Utilities), Callable 2/15/44 @ 100.00		4.15	8/15/44		120
	2,315	Amgen, Inc. (Biotechnology), Callable 2/1/25 @ 100.00		3.13	5/1/25		2,222
	1,435	Amgen, Inc. (Biotechnology), Callable 8/21/39 @ 100.00		3.15	2/21/40		1,008
	810	Amgen, Inc. (Biotechnology), Callable 12/15/50 @ 100.00		4.66	6/15/51		660
	1,790	Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc. (Beverages), Callable 8/1/45 @ 100.00		4.90	2/1/46		1,559
	1,880	Anheuser-Busch InBev Worldwide, Inc. (Beverages)		4.95	1/15/42		1,703
	2,275	Apple, Inc. (Technology Hardware, Storage & Peripherals), Callable 8/23/45 @ 100.00		4.65	2/23/46		2,036
	1,730	Aptiv PLC/Aptiv Corp. (Automobile Components), Callable 10/16/23 @ 100.00		2.40	2/18/25		1,644
	2,519	AT&T, Inc. (Diversified Telecommunication Services), Callable 3/15/55 @ 100.00		3.55	9/15/55		1,536
	1,425	AT&T, Inc. (Diversified Telecommunication Services), Callable 12/1/28 @ 100.00		4.35	3/1/29		1,329
	875	AT&T, Inc. (Diversified Telecommunication Services), Callable 9/9/48 @ 100.00		4.55	3/9/49		667
	255	Atmos Energy Corp. (Gas Utilities), Callable 4/15/44 @ 100.00		4.13	10/15/44		200
	1,145	Atmos Energy Corp. (Gas Utilities), Callable 7/15/42 @ 100.00		4.15	1/15/43		916
	5,805	Bank of America Corp. (Banks), Callable 4/22/31 @ 100.00		2.69 (SOFR + 132 bps)(a)	4/22/32		4,568
	5,225	Bank of America Corp., MTN (Banks), Callable 2/7/29 @ 100.00		3.97 (TSFR3M + 147 bps)(a)	2/7/30		4,711
	1,665	Berkshire Hathaway Energy Co. (Multi-Utilities), Callable 8/1/44 @ 100.00		4.50	2/1/45		1,332
	1,000	BP Capital Markets America, Inc. (Financial Services), Callable 8/24/49 @ 100.00		3.00	2/24/50		622
	1,245	Bristol-Myers Squibb Co. (Pharmaceuticals), Callable 4/26/49 @ 100.00		4.25	10/26/49		987
	2,705	Brown & Brown, Inc. (Insurance), Callable 12/15/30 @ 100.00		2.38	3/15/31		2,109
	705	Bunge Ltd. Finance Corp. (Consumer Staples Distribution & Retail), Callable 2/14/31 @ 100.00		2.75	5/14/31		568
	1,305	Bunge Ltd. Finance Corp. (Food Products), Callable 5/15/26 @ 100.00		3.25	8/15/26		1,220
	3,000	Capital One Financial Corp. (Consumer Finance), Callable 2/1/28 @ 100.00		5.47 (SOFR + 208 bps)(a)	2/1/29		2,855
	500	Capital One NA (Banks), Callable 1/28/25 @ 100.00		2.28 (SOFR + 91 bps)(a)	1/28/26		473
	3,930	Charter Communications Operating LLC/Charter Communications Operating Capital (Media), Callable 12/30/28 @ 100.00		5.05	3/30/29		3,673
	2,885	Citigroup, Inc. (Banks), Callable 3/17/32 @ 100.00		3.79 (SOFR + 194 bps)(a)	3/17/33		2,411
	3,650	Citigroup, Inc. (Banks), Callable 3/31/30 @ 100.00		4.41 (SOFR + 391 bps)(a)	3/31/31		3,273
	1,244	Collins Aerospace (Aerospace & Defense), Callable 12/15/26 @ 100.00 ^		3.50	3/15/27		1,149
	395	Comcast Corp. (Media), Callable 5/1/49 @ 100.00		4.00	11/1/49		293
	295	Comcast Corp. (Media)		4.65	7/15/42		248
	2,185	Comcast Corp. (Media)		4.75	3/1/44		1,829
	175	Consolidated Edison Co. of New York, Inc., Series 2008-B (Multi-Utilities)		6.75	4/1/38		186
	2,165	Constellation Brands, Inc. (Beverages), Callable 2/1/30 @ 100.00		2.88	5/1/30		1,818
	2,050	CSX Corp. (Ground Transportation)		6.22	4/30/40		2,100
	2,415	CVS Health Corp. (Health Care Providers & Services), Callable 9/25/37 @ 100.00		4.78	3/25/38		2,079
	1,130	CVS Health Corp. (Health Care Providers & Services), Callable 1/20/45 @ 100.00		5.13	7/20/45		954
	1,230	Dell International LLC/EMC Corp. (Technology Hardware, Storage & Peripherals), Callable 8/1/26 @ 100.00		4.90	10/1/26		1,194
	1,565	Devon Energy Corp. (Oil, Gas & Consumable Fuels), Callable 1/15/41 @ 100.00		5.60	7/15/41		1,385
	315	Devon Energy Corp. (Oil, Gas & Consumable Fuels), Callable 9/15/25 @ 100.00		5.85	12/15/25		313
	1,093	Digital Realty Trust LP (Specialized REITs), Callable 4/15/28 @ 100.00		4.45	7/15/28		1,024
	805	Eastern Energy Gas Holdings LLC, Series B (Multi-Utilities), Callable 8/15/29 @ 100.00		3.00	11/15/29		685

HC CAPITAL TRUST 

The U.S. Corporate Fixed Income Securities Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Principal Amount (000)		Security Description	Rate %		Maturity Date	Value (000)
		Corporate Bonds (continued)
$	1,830	Eastern Energy Gas Holdings LLC (Multi-Utilities), Callable 9/15/24 @ 100.00		3.60	12/15/24	$	1,774
	685	EIDP, Inc. (Chemicals), Callable 4/15/30 @ 100.00		2.30	7/15/30		558
	600	Elevance Health, Inc. (Health Care Providers & Services)		4.63	5/15/42		500
	735	Elevance Health, Inc. (Health Care Providers & Services)		4.65	1/15/43		617
	1,625	Energy Transfer LP (Oil, Gas & Consumable Fuels), Callable 7/15/42 @ 100.00		4.95	1/15/43		1,269
	800	Energy Transfer LP (Oil, Gas & Consumable Fuels), Callable 3/15/28 @ 100.00		4.95	6/15/28		766
	2,497	Enterprise Products Operating LLC (Oil, Gas & Consumable Fuels), Callable 9/15/43 @ 100.00		4.85	3/15/44		2,143
	1,818	FedEx Corp. Pass Through Trust, Series 2020-1, Class - AA (Air Freight & Logistics)		1.88	2/20/34		1,440
	990	Fiserv, Inc. (Financial Services), Callable 12/2/32 @ 100.00		5.60	3/2/33		958
	780	General Motors Co. (Automobiles), Callable 9/1/25 @ 100.00		6.13	10/1/25		778
	1,815	General Motors Financial Co., Inc. (Consumer Finance), Callable 1/26/25 @ 100.00		2.90	2/26/25		1,735
	2,055	General Motors Financial Co., Inc. (Specialty Retail), Callable 2/6/30 @ 100.00		5.85	4/6/30		1,970
	1,165	Georgia Power Co. (Electric Utilities)		4.30	3/15/42		938
	1,155	Gilead Sciences, Inc. (Biotechnology), Callable 8/1/44 @ 100.00		4.50	2/1/45		957
	2,785	HCA, Inc. (Health Care Providers & Services)		5.38	2/1/25		2,750
	590	HCA, Inc. (Health Care Providers & Services), Callable 3/1/33 @ 100.00		5.50	6/1/33		558
	722	Intel Corp. (Semiconductors & Semiconductor Equipment), Callable 6/8/47 @ 100.00		3.73	12/8/47		512
	1,540	Intel Corp. (Semiconductors & Semiconductor Equipment), Callable 11/10/32 @ 100.00		5.20	2/10/33		1,487
	1,300	International Business Machines Corp. (IT Services)		3.00	5/15/24		1,278
	765	International Business Machines Corp. (IT Services)		4.00	6/20/42		595
	795	International Paper Co. (Containers & Packaging), Callable 5/15/41 @ 100.00		6.00	11/15/41		761
	2,105	JPMorgan Chase & Co. (Banks), Callable 4/22/31 @ 100.00		2.58 (TSFR3M + 125 bps)(a)	4/22/32		1,669
	3,018	JPMorgan Chase & Co. (Banks), Callable 5/6/29 @ 100.00		3.70 (TSFR3M + 142 bps)(a)	5/6/30		2,676
	5,900	JPMorgan Chase & Co. (Banks), Callable 4/23/28 @ 100.00		4.01 (TSFR3M + 138 bps)(a)	4/23/29		5,416
	1,665	Kinder Morgan, Inc. (Oil, Gas & Consumable Fuels), Callable 12/1/44 @ 100.00		5.55	6/1/45		1,425
	1,365	Lincoln National Corp. (Insurance), Callable 10/15/30 @ 100.00 ^		3.40	1/15/31		1,107
	2,000	Lincoln National Corp. (Insurance), Callable 12/1/27 @ 100.00 ^		3.80	3/1/28		1,813
	1,200	Lowe's Cos., Inc. (Specialty Retail), Callable 1/15/33 @ 100.00		5.00	4/15/33		1,127
	200	LYB International Finance BV (Chemicals), Callable 9/15/43 @ 100.00		4.88	3/15/44		160
	1,295	Martin Marietta Materials, Inc., Series CB (Construction Materials), Callable 12/15/29 @ 100.00		2.50	3/15/30		1,060
	1,275	Marvell Technology, Inc. (Semiconductors & Semiconductor Equipment), Callable 2/15/28 @ 100.00		2.45	4/15/28		1,101
	810	Marvell Technology, Inc. (Semiconductors & Semiconductor Equipment), Callable 1/15/31 @ 100.00		2.95	4/15/31		657
	205	Marvell Technology, Inc. (Semiconductors & Semiconductor Equipment), Callable 6/15/33 @ 100.00		5.95	9/15/33		201
	3,589	Microchip Technology, Inc. (Semiconductors & Semiconductor Equipment), Callable 11/6/23 @ 101.06		4.25	9/1/25		3,473
	1,720	Microsoft Corp. (Software), Callable 2/8/46 @ 100.00		3.70	8/8/46		1,352
	960	Mohawk Industries, Inc. (Household Durables), Callable 2/15/30 @ 100.00 ^		3.63	5/15/30		838
	5,250	Morgan Stanley, MTN (Capital Markets), Callable 7/20/26 @ 100.00		1.51 (SOFR + 86 bps)(a)	7/20/27		4,623
	5,085	Morgan Stanley, MTN (Capital Markets), Callable 1/23/29 @ 100.00		4.43 (TSFR3M + 189 bps)(a)	1/23/30		4,703
	1,838	National Rural Utilities Cooperative Finance Corp. (Financial Services), Callable 7/15/32 @ 100.00		5.80	1/15/33		1,832
	450	Netflix, Inc. (Entertainment)		5.88	2/15/25		449
	1,490	NextEra Energy Capital Holdings, Inc. (Electric Utilities), Callable 11/28/32 @ 100.00		5.05	2/28/33		1,387
	760	NextEra Energy Capital Holdings, Inc. (Electric Utilities), Callable 8/28/52 @ 100.00		5.25	2/28/53		657
	1,580	NNN REIT, Inc. (Retail REITs), Callable 1/15/30 @ 100.00		2.50	4/15/30		1,284
	1,395	Northrop Grumman Corp. (Aerospace & Defense), Callable 4/15/47 @ 100.00		4.03	10/15/47		1,066
	1,056	Nucor Corp. (Metals & Mining), Callable 2/1/43 @ 100.00		5.20	8/1/43		961

HC CAPITAL TRUST 

The U.S. Corporate Fixed Income Securities Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Principal Amount (000)		Security Description	Rate %		Maturity Date	Value (000)
		Corporate Bonds (continued)
$	400	Oklahoma Gas and Electric Co. (Electric Utilities), Callable 7/15/32 @ 100.00		5.40	1/15/33	$	388
	1,100	Oklahoma Gas and Electric Co. (Electric Utilities), Callable 10/1/52 @ 100.00		5.60	4/1/53		1,031
	1,460	Oracle Corp. (Software), Callable 11/15/44 @ 100.00		4.13	5/15/45		1,053
	3,175	Ovintiv Exploration, Inc. (Oil, Gas & Consumable Fuels), Callable 10/1/25 @ 100.00		5.38	1/1/26		3,127
	900	Pfizer Investment Enterprises Pte Ltd. (Capital Markets), Callable 11/19/42 @ 100.00		5.11	5/19/43		826
	850	Pfizer, Inc. (Pharmaceuticals), Callable 3/15/38 @ 100.00		4.10	9/15/38		717
	1,435	Philip Morris International, Inc. (Tobacco)		4.50	3/20/42		1,141
	1,290	Principal Financial Group, Inc. (Insurance), Callable 3/15/30 @ 100.00		2.13	6/15/30		1,027
	2,534	Progress Energy, Inc. (Electric Utilities)		6.00	12/1/39		2,455
	1,095	Prudential Financial, Inc. (Insurance)		4.60	5/15/44		906
	152	Prudential Financial, Inc. (Insurance)		6.63	6/21/40		156
	265	Public Service Electric & Gas Co. (Electric Utilities), Callable 3/1/42 @ 100.00		3.65	9/1/42		200
	674	Raytheon Technologies Corp. (Aerospace & Defense)		4.50	6/1/42		552
	1,739	Reliance Steel & Aluminum Co. (Metals & Mining), Callable 7/15/25 @ 100.00		1.30	8/15/25		1,597
	1,460	Reliance Steel & Aluminum Co. (Metals & Mining), Callable 5/15/30 @ 100.00		2.15	8/15/30		1,149
	831	RELX Capital, Inc. (Professional Services), Callable 2/22/30 @ 100.00		3.00	5/22/30		712
	425	Roper Technologies, Inc. (Software), Callable 3/30/30 @ 100.00		2.00	6/30/30		336
	930	Sabra Health Care LP (Health Care REITs), Callable 9/1/31 @ 100.00		3.20	12/1/31		697
	959	Sabra Health Care LP (Health Care REITs), Callable 5/15/26 @ 100.00		5.13	8/15/26		918
	920	Southern Co. Gas Capital Corp. (Electric Utilities), Callable 11/30/46 @ 100.00		4.40	5/30/47		703
	1,095	Southwest Airlines Co. (Passenger Airlines), Callable 4/15/27 @ 100.00		5.13	6/15/27		1,068
	7,140	The Goldman Sachs Group, Inc. (Capital Markets), Callable 6/5/27 @ 100.00		3.69 (TSFR3M + 177 bps)(a)	6/5/28		6,588
	345	The Home Depot, Inc. (Specialty Retail), Callable 6/6/48 @ 100.00		4.50	12/6/48		288
	1,210	The Home Depot, Inc. (Specialty Retail), Callable 3/15/40 @ 100.00		5.40	9/15/40		1,150
	1,065	The Interpublic Group of Cos., Inc. (Media) ^		4.20	4/15/24		1,053
	2	The Interpublic Group of Cos., Inc. (Media), Callable 12/30/29 @ 100.00		4.75	3/30/30		2
	575	The Interpublic Group of Cos., Inc. (Media), Callable 4/1/48 @ 100.00		5.40	10/1/48		492
	475	The Travelers Cos., Inc. (Insurance)		5.35	11/1/40		449
	901	The Travelers Cos., Inc. (Insurance)		6.25	6/15/37		950
	1,485	The Walt Disney Co. (Entertainment), Callable 3/15/44 @ 100.00		4.75	9/15/44		1,260
	720	T-Mobile US, Inc. (Wireless Telecommunication Services), Callable 10/16/23 @ 101.13		2.25	2/15/26		663
	1,210	T-Mobile US, Inc. (Wireless Telecommunication Services), Callable 7/15/52 @ 100.00		5.65	1/15/53		1,102
	435	UDR, Inc. (Residential REITs), Callable 5/15/31 @ 100.00		3.00	8/15/31		354
	810	UnitedHealth Group, Inc. (Health Care Providers & Services), Callable 5/15/41 @ 100.00		4.63	11/15/41		692
	905	UnitedHealth Group, Inc. (Health Care Providers & Services)		4.75	7/15/45		786
	1,190	Valero Energy Corp. (Oil, Gas & Consumable Fuels)		6.63	6/15/37		1,218
	475	Ventas Realty LP (Health Care REITs), Callable 11/1/24 @ 100.00		3.50	2/1/25		457
	670	Ventas Realty LP (Diversified REITs), Callable 2/1/24 @ 100.00		3.75	5/1/24		661
	945	Ventas Realty LP (Real Estate Management & Development), Callable 10/15/28 @ 100.00		4.40	1/15/29		873
	715	Verizon Communications, Inc. (Diversified Telecommunication Services), Callable 12/15/31 @ 100.00		2.36	3/15/32		544
	3,830	Verizon Communications, Inc. (Diversified Telecommunication Services), Callable 9/22/40 @ 100.00		3.40	3/22/41		2,727
	510	Verizon Communications, Inc. (Diversified Telecommunication Services)		4.33	9/21/28		479
	625	Virginia Electric and Power Co., Series B (Electric Utilities), Callable 3/15/47 @ 100.00		3.80	9/15/47		452
	820	Virginia Electric and Power Co., Series D (Electric Utilities), Callable 2/15/43 @ 100.00		4.65	8/15/43		676
	1,455	Warnermedia Holdings, Inc. (Diversified Telecommunication Services), Callable 12/15/31 @ 100.00		4.28	3/15/32		1,235
	5,380	Wells Fargo & Co., MTN (Banks), Callable 10/30/29 @ 100.00		2.88 (TSFR3M + 143 bps)(a)	10/30/30		4,479
	2,190	Wells Fargo & Co., MTN (Banks), Callable 5/22/27 @ 100.00		3.58 (TSFR3M + 157 bps)(a)	5/22/28		2,005
	875	Wells Fargo & Co. (Banks), Callable 7/25/32 @ 100.00		4.90 (SOFR + 210 bps)(a)	7/25/33		789
	340	WestRock MWV LLC (Containers & Packaging)		8.20	1/15/30		376

HC CAPITAL TRUST 

The U.S. Corporate Fixed Income Securities Portfolio 

Portfolio of Investments (concluded) — September 30, 2023 (Unaudited)

Principal Amount (000)		Security Description	Rate %			Maturity Date	Value (000)
		Corporate Bonds (continued)
$	3,045	WRKCo, Inc. (Containers & Packaging), Callable 1/15/26 @ 100.00		4.65		3/15/26	$	2,954
	1,146	XTO Energy, Inc. (Oil, Gas & Consumable Fuels)		6.75		8/1/37		1,231
		Total Corporate Bonds						185,548
		Yankee Dollars — 7.98%
	850	America Movil SAB de CV (Wireless Telecommunication Services)		6.13		11/15/37		861
	645	BHP Billiton Finance USA Ltd. (Metals & Mining)		5.00		9/30/43		581
	1,246	British Telecommunications PLC (Diversified Telecommunication Services)		9.63		12/15/30		1,467
	880	Canadian Natural Resources Ltd. (Oil, Gas & Consumable Fuels), Callable 6/15/25 @ 100.00		2.05		7/15/25		821
	2,504	Canadian Natural Resources Ltd. (Oil, Gas & Consumable Fuels), Callable 3/1/27 @ 100.00		3.85		6/1/27		2,339
	935	Canadian Pacific Railway Co. (Transportation Infrastructure)		7.13		10/15/31		1,004
	836	Deutsche Telekom International Finance BV (Diversified Telecommunication Services)		8.75		6/15/30		959
	1,010	Diageo Capital PLC (Financial Services)		5.88		9/30/36		1,027
	1,365	Enbridge, Inc. (Oil, Gas & Consumable Fuels), Callable 2/1/51 @ 100.00		3.40		8/1/51		852
	1	Enbridge, Inc. (Oil, Gas & Consumable Fuels), Callable 4/15/27 @ 100.00		3.70		7/15/27		1
	560	Equinor ASA (Oil, Gas & Consumable Fuels)		3.95		5/15/43		444
	825	Equinor ASA (Oil, Gas & Consumable Fuels)		5.10		8/17/40		770
	1,375	Iberdrola International BV (Electric Utilities)		5.81		3/15/25		1,369
	1,490	Iberdrola International BV (Electric Utilities)		6.75		7/15/36		1,569
	1,012	Nutrien Ltd. (Chemicals), Callable 2/13/30 @ 100.00		2.95		5/13/30		843
	1,143	Orange SA (Diversified Telecommunication Services)		9.00		3/1/31		1,350
	1,445	Shell International Finance BV (Financial Services)		4.55		8/12/43		1,227
	850	Telefonica Emisiones SA (Diversified Telecommunication Services)		4.67		3/6/38		684
	805	The Toronto-Dominion Bank (Banks)		3.20		3/10/32		658
	475	Vodafone Group PLC (Wireless Telecommunication Services)		4.13		5/30/25		463
	456	Vodafone Group PLC (Wireless Telecommunication Services)		6.15		2/27/37		451
		Total Yankee Dollars						19,740
Shares
		Exchange-Traded Fund — 15.60%
	513,200	Vanguard Short-Term Corporate Bond ETF						38,567
		Total Exchange-Traded Fund						38,567
		Investment Companies — 1.79%
	3,047,493	Federated Hermes Treasury Obligations Fund, Institutional Shares^^		4.99	(b)			3,047
	937,322	State Street Institutional Treasury Money Market Fund, Premier Class		5.28	(b)			937
	433,981	State Street Institutional Treasury Plus Money Market Fund, Trust Class		5.23	(b)			434
		Total Investment Companies						4,418
		Total Investments (cost $279,425) — 100.41%						248,273
		Liabilities in excess of other assets — (0.41)%						(1,021	)
		Net Assets — 100.00%					$	247,252

^	All or part of this security was on loan as of September 30, 2023.
^^	Purchased with cash collateral held from securities lending. The value of the collateral could include collateral held for securities that were sold on or before September 30, 2023.
(a)	Variable Rate Security. The rate disclosed is the rate in effect on September 30, 2023.
(b)	Annualized 7-day yield as of period-end.

bps—Basis Points

ETF—Exchange-Traded Fund

MTN—Medium Term Note

REIT—Real Estate Investment Trust

SOFR—Secured Overnight Financing Rate

TSFR3M—3 Month SOFR

The following table reflects the percentage of total net assets of the Portfolio attributable to each Specialist Manager as of September 30, 2023.

The U.S. Corporate Fixed Income Securities Portfolio	Agincourt Capital Management, LLC			Parametric Portfolio Associates			HC Capital Solutions			Total
Corporate Bonds		75.04	%		-			-			75.04	%
Yankee Dollars		7.98	%		-			-			7.98	%
Exchange-Traded Funds		-			15.60	%		-			15.60	%
Investment Companies		1.62	%		0.03	%		0.14	%		1.79	%
Other Assets (Liabilities)		-0.65	%		-			0.24	%		-0.41	%
Total Net Assets		83.99	%		15.63	%		0.38	%		100.00	%

Amounts designated as "—" indicate the Specialist Manager did not manage any holdings in that category. 

HC CAPITAL TRUST 

The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio 

Portfolio of Investments — September 30, 2023 (Unaudited)

Principal Amount (000)		Security Description	Rate %			Maturity Date	Value (000)
		Asset Backed Securities — 1.47%
$	150	American Express Credit Account Master Trust, Series 2021-1, Class - A		0.90		11/15/26	$	143
	100	American Express Credit Account Master Trust, Series 2022-2, Class - A		3.39		5/15/27		97
	200	American Express Credit Account Master Trust, Series 2023-1, Class - A		4.87		5/15/28		197
	150	American Express Credit Account Master Trust, Series 2022-4, Class - A		4.95		10/15/27		148
	100	BA Credit Card Trust, Series 2022-A1, Class - A1		3.53		11/15/27		97
	100	Barclays Dryrock Issuance Trust, Series 2022-1, Class - A		3.07		2/15/28		96
	140	Capital One Multi-Asset Execution Trust, Series 2021-A2, Class - A2		1.39		7/15/30		117
	200	Capital One Multi-Asset Execution Trust, Series 2022-A2, Class - A		3.49		5/15/27		193
	100	Capital One Prime Auto Receivables Trust, Series 2022-1, Class - A3, Callable 4/15/26 @ 100.00		3.17		4/15/27		96
	100	CarMax Auto Owner Trust, Series 2023-1, Class - A3, Callable 7/15/26 @ 100.00		4.75		10/15/27		98
	75	Carvana Auto Receivables Trust, Series 2022-P2, Class - A4, Callable 10/10/27 @ 200.00		4.68		2/10/28		73
	100	CNH Equipment Trust, Series 2022-C, Class - A3, Callable 10/15/26 @ 200.00		5.15		4/17/28		99
	150	GM Financial Consumer Automobile Receivables Trust, Series 2023-1, Class - A3, Callable 10/16/26 @ 100.00		4.66		2/16/28		147
	100	Honda Auto Receivables Owner Trust, Series 2021-1, Class - A4, Callable 7/21/24 @ 100.00		0.42		1/21/28		96
	100	Hyundai Auto Receivables Trust, Series 2022-A, Class - A3, Callable 6/15/26 @ 100.00		2.22		10/15/26		97
	100	Hyundai Auto Receivables Trust, Series 2022-B, Class - A3, Callable 7/15/26 @ 100.00		3.72		11/16/26		97
	150	Mercedes-Benz Auto Receivables Trust, Series 2023-1, Class - A3, Callable 9/15/26 @ 100.00		4.51		11/15/27		147
	100	Nissan Auto Receivables Owner Trust, Series 2023-A, Class - A3, Callable 12/15/26 @ 100.00		4.91		11/15/27		99
	100	Synchrony Card Funding LLC, Series 2022-A1, Class - A, Callable 4/15/25 @ 100.00		3.37		4/15/28		96
	100	Toyota Auto Receivables Owner Trust, Series 2021-A, Class - A4, Callable 2/15/25 @ 100.00		0.39		6/15/26		94
	100	Toyota Auto Receivables Owner Trust, Series 2022-C, Class - A3, Callable 9/15/26 @ 100.00		3.76		4/15/27		97
	85	Toyota Auto Receivables Owner Trust, Series 2023-A, Class - A3, Callable 2/15/27 @ 200.00		4.63		9/15/27		83
	150	Verizon Master Trust, Series 2022-2, Class - A, Callable 1/20/25 @ 200.00		1.53		7/20/28		142
	200	World Omni Auto Receivables Trust, Series 2021-C, Class - A4, Callable 8/15/25 @ 100.00		0.64		9/15/27		183
	75	World Omni Auto Receivables Trust, Series 2023-B, Class - A3, Callable 8/15/26 @ 100.00		4.66		5/15/28		74
		Total Asset Backed Securities						2,906
		Collateralized Mortgage Obligations — 5.65%
	150	Bank, Series 2020-BN26, Class - A4, Callable 3/15/30 @ 100.00		2.40		3/15/63		120
	300	Bank, Series 2021-BN37, Class - A5, Callable 11/15/31 @ 100.00		2.62	(a)	11/15/64		236
	100	Bank, Series 2019-BN21, Class - A5, Callable 10/15/29 @ 100.00		2.85		10/17/52		83
	100	Bank, Series 2019-BN19, Class - A3, Callable 7/15/29 @ 100.00		3.18		8/15/61		82
	213	Bank, Series 2017-BNK9, Class - ASB, Callable 12/15/29 @ 100.00		3.47		11/15/54		203
	300	Bank, Series 2018-BN10, Class - A5, Callable 2/15/28 @ 100.00		3.69		2/15/61		274
	100	Bank, Series 2019-BN17, Class - A4, Callable 4/15/29 @ 100.00		3.71		4/15/52		90
	150	Bank, Series 2022-BNK41, Class - A4		3.92	(a)	4/15/65		129
	60	BBCMS Mortgage Trust, Series 2020-C7, Class - AS, Callable 4/15/30 @ 100.00		2.44		4/15/53		46
	400	BBCMS Mortgage Trust, Series 2022-C15, Class - A5, Callable 4/15/32 @ 200.00		3.66	(a)	4/15/55		340
	100	Benchmark Mortgage Trust, Series 2020-IG1, Class - AS, Callable 1/15/30 @ 100.00		2.91	(a)	9/15/43		68
	200	Benchmark Mortgage Trust, Series 2022-B33, Class - A5, Callable 3/15/32 @ 100.00		3.46		3/15/55		169
	250	Benchmark Mortgage Trust, Series 2019-B9, Class - A5, Callable 2/15/29 @ 100.00		4.02		3/15/52		222
	200	Benchmark Mortgage Trust, Series 2018-B6, Class - A4, Callable 10/10/28 @ 100.00		4.26		10/10/51		181
	157	Citigroup Commercial Mortgage Trust, Series 2015-GC27, Class - A4, Callable 1/10/25 @ 100.00		2.88		2/10/48		153

HC CAPITAL TRUST 

The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Principal Amount (000)		Security Description	Rate %			Maturity Date	Value (000)
		Collateralized Mortgage Obligations (continued)
$	100	Citigroup Commercial Mortgage Trust, Series 2020-GC46, Class - AS, Callable 2/15/30 @ 100.00		2.92		2/15/53	$	75
	150	Citigroup Commercial Mortgage Trust, Series 2019-C7, Class - A4, Callable 12/15/29 @ 100.00		3.10		12/15/72		126
	100	Citigroup Commercial Mortgage Trust, Series 2016-GC37, Class - A4, Callable 3/10/26 @ 100.00		3.31		4/10/49		93
	100	Citigroup Commercial Mortgage Trust, Series 2016-GC36, Class - A5, Callable 2/10/26 @ 100.00		3.62		2/10/49		93
	183	COMM Mortgage Trust, Series 2015-LC19, Class - A4, Callable 1/10/27 @ 100.00		3.18		2/10/48		175
	80	COMM Mortgage Trust, Series 2015-DC1, Class - A5, Callable 2/10/25 @ 100.00		3.35		2/10/48		77
	100	CSAIL Commercial Mortgage Trust, Series 2016-C7, Class - ASB, Callable 11/15/26 @ 100.00		3.31		11/15/49		96
	197	Fannie Mae-ACES, Series 2020-M8, Class - A2		1.82		2/25/30		162
	168	Fannie Mae-ACES, Series 2017-M7, Class - A2		2.96	(a)	2/25/27		157
	96	Fannie Mae-ACES, Series 2017-M11, Class - A2		2.98		8/25/29		86
	177	Fannie Mae-ACES, Series 2022-M11, Class - A2		3.04	(a)	10/25/27		164
	197	Fannie Mae-ACES, Series 2017-M12, Class - A2		3.16	(a)	6/25/27		184
	170	Fannie Mae-ACES, Series 2017- M15, Class - ATS2		3.20	(a)	11/25/27		158
	239	Fannie Mae-ACES, Series 2018-M14, Class - A2		3.70	(a)	8/25/28		223
	182	Fannie Mae-ACES, Series 2019-M2, Class - A2		3.75	(a)	11/25/28		170
	300	Freddie Mac Multifamily Structured Pass Through Certificates, Series K117, Class - A2		1.41		8/25/30		235
	300	Freddie Mac Multifamily Structured Pass Through Certificates, Series K1516, Class - A2		1.72		5/25/35		201
	96	Freddie Mac Multifamily Structured Pass Through Certificates, Series K106, Class - A1		1.78		10/25/29		84
	390	Freddie Mac Multifamily Structured Pass Through Certificates, Series K126, Class - A2		2.07		1/25/31		316
	200	Freddie Mac Multifamily Structured Pass Through Certificates, Series K133, Class - A2		2.10		9/25/31		159
	150	Freddie Mac Multifamily Structured Pass Through Certificates, Series K749, Class - A2		2.12	(a)	3/25/29		129
	300	Freddie Mac Multifamily Structured Pass Through Certificates, Series K749, Class - AM		2.12		4/25/29		256
	100	Freddie Mac Multifamily Structured Pass Through Certificates, Series K136, Class - A2		2.13		11/25/31		80
	300	Freddie Mac Multifamily Structured Pass Through Certificates, Series K1521, Class - A2		2.18		8/25/36		208
	45	Freddie Mac Multifamily Structured Pass Through Certificates, Series K099, Class - A1		2.26		6/25/29		40
	51	Freddie Mac Multifamily Structured Pass Through Certificates, Series K058, Class - A1		2.34		7/25/26		49
	350	Freddie Mac Multifamily Structured Pass Through Certificates, Series K055, Class - A2		2.67		3/25/26		329
	75	Freddie Mac Multifamily Structured Pass Through Certificates, Series K1514, Class - A2		2.86		10/25/34		60
	200	Freddie Mac Multifamily Structured Pass Through Certificates, Series K147, Class - A2		3.00		6/25/32		169
	100	Freddie Mac Multifamily Structured Pass Through Certificates, Series K092, Class - A2		3.30		4/25/29		91
	100	Freddie Mac Multifamily Structured Pass Through Certificates, Series K047, Class - A2		3.33	(a)	5/25/25		97
	250	Freddie Mac Multifamily Structured Pass Through Certificates, Series K091, Class - A2		3.51		3/25/29		231
	250	Freddie Mac Multifamily Structured Pass Through Certificates, Series K087, Class - A2		3.77		12/25/28		235
	150	Freddie Mac Multifamily Structured Pass Through Certificates, Series K152, Class - A2		3.78		11/25/32		134
	500	Freddie Mac Multifamily Structured Pass Through Certificates, Series K077, Class - A2		3.85		5/25/28		472
	400	Freddie Mac Multifamily Structured Pass Through Certificates, Series K081, Class - A2		3.90	(a)	8/25/28		379
	224	GS Mortgage Securities Trust, Series 2016-GS2, Class - A3, Callable 5/10/26 @ 100.00		2.79		5/10/49		207
	200	GS Mortgage Securities Trust, Series 2019-GC42, Class - A4, Callable 9/10/29 @ 100.00		3.00		9/10/52		170

HC CAPITAL TRUST 

The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Principal Amount (000)		Security Description	Rate %			Maturity Date	Value (000)
		Collateralized Mortgage Obligations (continued)
$	100	GS Mortgage Securities Trust, Series 2020-GC45, Class - AS, Callable 1/13/30 @ 100.00		3.17	(a)	2/13/53	$	80
	250	GS Mortgage Securities Trust, Series 2017-GS5, Class - A4, Callable 3/10/27 @ 100.00		3.67		3/10/50		225
	100	GS Mortgage Securities Trust, Series 2018-GS10, Class - A5, Callable 7/10/28 @ 100.00		4.16	(a)	7/10/51		91
	137	JPMBB Commercial Mortgage Securities Trust, Series 2014-C24, Class - A5, Callable 10/15/25 @ 100.00		3.64		11/15/47		132
	183	Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C20, Class - A4, Callable 11/15/26 @ 100.00		3.25		2/15/48		175
	200	Morgan Stanley Bank of America Merrill Lynch Trust, Series 2014-C19, Class - A4, Callable 10/15/26 @ 100.00		3.53		12/15/47		193
	200	Morgan Stanley Bank of America Merrill Lynch Trust, Series 2017-C33, Class - A5, Callable 5/15/27 @ 100.00		3.60		5/15/50		184
	200	Morgan Stanley Capital I Trust, Series 2017-H1, Class - A4, Callable 6/15/27 @ 100.00		3.26		6/15/50		181
	100	SG Commercial Mortgage Securities Trust, Series 2016-C5, Class - A4, Callable 7/10/26 @ 100.00		3.06		10/10/48		91
	122	Wells Fargo Commercial Mortgage Trust, Series 2019-C53, Class - A4, Callable 10/15/29 @ 100.00		3.04		10/15/52		103
	500	Wells Fargo Commercial Mortgage Trust, Series 2016-C34, Class - A4, Callable 5/15/26 @ 100.00		3.10		6/15/49		458
	183	Wells Fargo Commercial Mortgage Trust, Series 2015-C30, Class - A4, Callable 8/15/25 @ 100.00		3.66		9/15/58		174
	124	Wells Fargo Commercial Mortgage Trust, Series 2015-P2, Class - A4, Callable 12/15/25 @ 100.00		3.81		12/15/48		117
	142	Wells Fargo Commercial Mortgage Trust, Series 2015-C26, Class - C, Callable 2/15/25 @ 100.00		4.07		2/15/48		130
	100	Wells Fargo Commercial Mortgage Trust, Series 2018-C47, Class - A4, Callable 10/15/28 @ 100.00		4.44		9/15/61		93
		Total Collateralized Mortgage Obligations						11,193
		U.S. Government Agency Mortgages — 86.48%
	363	Fannie Mae, Pool #MA4417		1.50		9/1/36		303
	131	Fannie Mae, Pool #FM9249		1.50		10/1/41		100
	20	Fannie Mae, Pool #MA4181		1.50		11/1/50		14
	384	Fannie Mae, Pool #MA4304		1.50		4/1/51		275
	338	Fannie Mae, Pool #CB0310		1.50		4/1/36		281
	86	Fannie Mae, Pool #MA4445		1.50		10/1/41		66
	435	Fannie Mae, Pool #MA4354		1.50		6/1/51		313
	390	Fannie Mae, Pool #MA4343		1.50		5/1/51		280
	448	Fannie Mae, Pool #MA4397		1.50		8/1/51		321
	142	Fannie Mae, Pool #MA4310		1.50		4/1/41		108
	379	Fannie Mae, Pool #CA7696		1.50		11/1/50		272
	401	Fannie Mae, Pool #MA4280		1.50		3/1/51		287
	247	Fannie Mae, Pool #BQ5781		1.50		11/1/35		207
	175	Fannie Mae, Pool #MA4266		1.50		2/1/41		133
	408	Fannie Mae, Pool #CB0711		1.50		6/1/51		296
	42	Fannie Mae, Pool #MA4342		1.50		5/1/41		32
	79	Fannie Mae, Pool #MA4286		1.50		3/1/41		60
	372	Fannie Mae, Pool #FM6579		1.50		3/1/51		269
	133	Fannie Mae, Pool #FS2037		1.50		5/1/37		110
	168	Fannie Mae, Pool #MA4386		1.50		7/1/41		128
	320	Fannie Mae, Pool #MA4236		1.50		1/1/51		230
	378	Fannie Mae, Pool #CA7695		1.50		11/1/50		272
	95	Fannie Mae, Pool #BT2055		1.50		3/1/37		79
	105	Fannie Mae, Pool #MA4122		1.50		9/1/35		87
	370	Fannie Mae, Pool #MA4441		1.50		10/1/36		308
	305	Fannie Mae, Pool #BQ3141		1.50		10/1/35		255
	200	Fannie Mae, Pool #MA4302		1.50		4/1/36		167
	286	Fannie Mae, Pool #FS1327		1.50		6/1/36		239
	354	Fannie Mae, Pool #MA4360		2.00		6/1/36		304
	351	Fannie Mae, Pool #BQ8341		2.00		12/1/50		267
	9	Fannie Mae, Pool #CA0052		2.00		7/1/32		8
	312	Fannie Mae, Pool #CA7224		2.00		10/1/50		237
	318	Fannie Mae, Pool #CA9183		2.00		2/1/36		274

HC CAPITAL TRUST 

The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Principal Amount (000)		Security Description	Rate %		Maturity Date	Value (000)
		U.S. Government Agency Mortgages (continued)
$	400	Fannie Mae, Pool #CB0497		2.00	5/1/51	$	308
	363	Fannie Mae, Pool #CA8850		2.00	2/1/51		278
	397	Fannie Mae, Pool #CB0684		2.00	6/1/51		304
	380	Fannie Mae, Pool #FM5308		2.00	12/1/50		290
	41	Fannie Mae, Pool #MA4071		2.00	7/1/40		33
	30	Fannie Mae, Pool #MA4093		2.00	8/1/40		24
	425	Fannie Mae, Pool #FM9441		2.00	4/1/51		324
	147	Fannie Mae, Pool #MA4204		2.00	12/1/40		119
	447	Fannie Mae, Pool #FS1334		2.00	11/1/51		342
	390	Fannie Mae, Pool #CB0325		2.00	4/1/51		299
	419	Fannie Mae, Pool #BT0240		2.00	9/1/51		319
	237	Fannie Mae, Pool #FM5044		2.00	12/1/50		182
	377	Fannie Mae, Pool #FM6448		2.00	3/1/51		290
	324	Fannie Mae, Pool #BP9370		2.00	7/1/50		247
	356	Fannie Mae, Pool #BQ3004		2.00	10/1/50		271
	338	Fannie Mae, Pool #BQ7777		2.00	3/1/36		290
	15	Fannie Mae, Pool #AY4232		2.00	5/1/30		13
	358	Fannie Mae, Pool #MA4602		2.00	5/1/37		306
	443	Fannie Mae, Pool #MA4536		2.00	2/1/37		379
	43	Fannie Mae, Pool #FM9724		2.00	11/1/36		37
	398	Fannie Mae, Pool #CA8687		2.00	1/1/51		306
	230	Fannie Mae, Pool #BR4435		2.00	4/1/51		175
	211	Fannie Mae, Pool #CA8118		2.00	12/1/50		161
	230	Fannie Mae, Pool #MA4325		2.00	5/1/51		175
	365	Fannie Mae, Pool #FM6852		2.00	5/1/51		281
	124	Fannie Mae, Pool #FM5453		2.00	1/1/41		101
	65	Fannie Mae, Pool #BU8781		2.00	4/1/37		55
	458	Fannie Mae, Pool #BR0948		2.00	4/1/51		348
	250	Fannie Mae, Pool #MA4355		2.00	6/1/51		191
	134	Fannie Mae, Pool #MA4287		2.00	3/1/41		108
	169	Fannie Mae, Pool #MA4333		2.00	5/1/41		135
	89	Fannie Mae, Pool #FS0317		2.00	2/1/42		71
	255	Fannie Mae, Pool #FS0355		2.00	9/1/51		194
	455	Fannie Mae, Pool #BK8461		2.00	1/1/51		346
	183	Fannie Mae, Pool #BQ5160		2.00	12/1/50		140
	458	Fannie Mae, Pool #CA8933		2.00	2/1/51		353
	441	Fannie Mae, Pool #FM4969		2.00	12/1/50		341
	358	Fannie Mae, Pool #MA4281		2.00	3/1/51		274
	369	Fannie Mae, Pool #BQ9685		2.00	1/1/51		281
	38	Fannie Mae, Pool #MA2906		2.00	2/1/32		33
	321	Fannie Mae, Pool #MA4303		2.00	4/1/36		275
	271	Fannie Mae, Pool #FS1621		2.00	7/1/51		206
	170	Fannie Mae, Pool #MA4176		2.00	11/1/40		137
	147	Fannie Mae, Pool #BP6626		2.00	8/1/50		112
	365	Fannie Mae, Pool #MA4128		2.00	9/1/40		296
	86	Fannie Mae, Pool #MA4474		2.00	11/1/41		69
	293	Fannie Mae, Pool #BU7103		2.00	12/1/51		223
	81	Fannie Mae, Pool #AS1058		2.00	11/1/28		74
	13	Fannie Mae, Pool #BJ4362		2.00	11/1/32		11
	14	Fannie Mae, Pool #AS0001		2.00	7/1/28		13
	286	Fannie Mae, Pool #FM3755		2.00	9/1/35		246
	263	Fannie Mae, Pool #MA4208		2.00	12/1/50		201
	332	Fannie Mae, Pool #CA7225		2.00	10/1/50		252
	450	Fannie Mae, Pool #FM7411		2.00	5/1/51		342
	429	Fannie Mae, Pool #MA4378		2.00	7/1/51		326
	454	Fannie Mae, Pool #MA4511		2.00	1/1/52		345
	359	Fannie Mae, Pool #BR2176		2.00	7/1/36		308
	390	Fannie Mae, Pool #CA7833		2.00	11/1/50		301
	226	Fannie Mae, Pool #MA4437		2.00	10/1/51		172
	411	Fannie Mae, Pool #FM9579		2.00	7/1/51		313
	239	Fannie Mae, Pool #MA4119		2.00	9/1/50		183
	451	Fannie Mae, Pool #MA4158		2.00	10/1/50		344
	368	Fannie Mae, Pool #MA4305		2.00	4/1/51		280
	425	Fannie Mae, Pool #FM9704		2.00	12/1/51		327
	509	Fannie Mae, Pool #BR4094		2.00	1/1/51		388
	382	Fannie Mae, Pool #MA4442		2.00	10/1/36		327
	327	Fannie Mae, Pool #MA4403		2.00	8/1/36		280
	490	Fannie Mae, Pool #BQ5112		2.00	11/1/50		374

HC CAPITAL TRUST 

The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Principal Amount (000)		Security Description	Rate %		Maturity Date	Value (000)
		U.S. Government Agency Mortgages (continued)
$	352	Fannie Mae, Pool #MA4255		2.00	2/1/51	$	268
	347	Fannie Mae, Pool #MA4237		2.00	1/1/51		265
	403	Fannie Mae, Pool #CB1620		2.00	9/1/51		309
	406	Fannie Mae, Pool #MA4182		2.00	11/1/50		310
	114	Fannie Mae, Pool #MA4155		2.00	10/1/35		98
	424	Fannie Mae, Pool #CB1787		2.00	10/1/51		325
	219	Fannie Mae, Pool #FM4039		2.00	10/1/35		189
	391	Fannie Mae, Pool #CA8110		2.00	12/1/50		301
	443	Fannie Mae, Pool #CA8252		2.00	12/1/45		338
	365	Fannie Mae, Pool #FM6555		2.00	4/1/51		281
	461	Fannie Mae, Pool #CA9273		2.00	2/1/51		354
	495	Fannie Mae, Pool #FM4788		2.00	11/1/50		380
	45	Fannie Mae, Pool #FS0547		2.50	2/1/52		36
	417	Fannie Mae, Pool #FS0030		2.50	4/1/51		331
	237	Fannie Mae, Pool #BP5878		2.50	6/1/50		189
	99	Fannie Mae, Pool #MA3765		2.50	9/1/49		79
	112	Fannie Mae, Pool #FS1340		2.50	3/1/52		89
	48	Fannie Mae, Pool #AS8892		2.50	2/1/32		43
	19	Fannie Mae, Pool #BJ3742		2.50	12/1/32		17
	4	Fannie Mae, Pool #MA2789		2.50	10/1/36		4
	18	Fannie Mae, Pool #MA2868		2.50	1/1/32		16
	35	Fannie Mae, Pool #AS8246		2.50	11/1/31		31
	13	Fannie Mae, Pool #AS8437		2.50	12/1/36		11
	180	Fannie Mae, Pool #MA4075		2.50	7/1/35		159
	27	Fannie Mae, Pool #MA3801		2.50	10/1/49		21
	29	Fannie Mae, Pool #AT2717		2.50	5/1/43		24
	257	Fannie Mae, Pool #MA4256		2.50	2/1/51		204
	11	Fannie Mae, Pool #MA3830		2.50	11/1/39		9
	47	Fannie Mae, Pool #MA3764		2.50	9/1/34		42
	249	Fannie Mae, Pool #FM4231		2.50	9/1/50		199
	7	Fannie Mae, Pool #MA2888		2.50	1/1/47		6
	28	Fannie Mae, Pool #BJ3944		2.50	1/1/33		25
	55	Fannie Mae, Pool #BE3032		2.50	1/1/32		49
	466	Fannie Mae, Pool #FS0235		2.50	1/1/52		370
	388	Fannie Mae, Pool #MA4517		2.50	1/1/37		343
	143	Fannie Mae, Pool #BQ0329		2.50	7/1/50		114
	87	Fannie Mae, Pool #MA3154		2.50	10/1/32		77
	405	Fannie Mae, Pool #FM9033		2.50	10/1/51		324
	431	Fannie Mae, Pool #CB1828		2.50	10/1/51		342
	460	Fannie Mae, Pool #CA9289		2.50	2/1/51		366
	285	Fannie Mae, Pool #FM3878		2.50	7/1/50		230
	138	Fannie Mae, Pool #MA3990		2.50	4/1/50		110
	418	Fannie Mae, Pool #CB1784		2.50	10/1/51		331
	20	Fannie Mae, Pool #MA3737		2.50	8/1/34		18
	6	Fannie Mae, Pool #AS8172		2.50	10/1/36		5
	74	Fannie Mae, Pool #AB7391		2.50	12/1/42		61
	241	Fannie Mae, Pool #MA4078		2.50	7/1/50		192
	461	Fannie Mae, Pool #CB2523		2.50	1/1/52		369
	64	Fannie Mae, Pool #MA4053		2.50	6/1/35		57
	64	Fannie Mae, Pool #AP4742		2.50	8/1/27		58
	46	Fannie Mae, Pool #MA3896		2.50	1/1/35		41
	243	Fannie Mae, Pool #MA4096		2.50	8/1/50		194
	119	Fannie Mae, Pool #MA4099		2.50	8/1/35		105
	453	Fannie Mae, Pool #FM8745		2.50	9/1/51		360
	8	Fannie Mae, Pool #MA2854		2.50	12/1/46		7
	62	Fannie Mae, Pool #MA3965		2.50	3/1/40		52
	59	Fannie Mae, Pool #AS4946		2.50	5/1/30		53
	91	Fannie Mae, Pool #MA3827		2.50	11/1/34		81
	29	Fannie Mae, Pool #MA3217		2.50	12/1/32		26
	409	Fannie Mae, Pool #CB1556		2.50	9/1/51		327
	295	Fannie Mae, Pool #FM4638		2.50	10/1/50		234
	308	Fannie Mae, Pool #FM4309		2.50	9/1/50		246
	9	Fannie Mae, Pool #MA3788		2.50	9/1/39		7
	140	Fannie Mae, Pool #MA3902		2.50	1/1/50		113
	223	Fannie Mae, Pool #MA4210		2.50	12/1/50		178
	428	Fannie Mae, Pool #BU1451		2.50	1/1/52		340
	151	Fannie Mae, Pool #MA2730		2.50	8/1/46		123
	232	Fannie Mae, Pool #FM2881		2.50	4/1/50		187

HC CAPITAL TRUST 

The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Principal Amount (000)		Security Description	Rate %		Maturity Date	Value (000)
		U.S. Government Agency Mortgages (continued)
$	65	Fannie Mae, Pool #FM3296		2.50	5/1/35	$	58
	47	Fannie Mae, Pool #MA3955		2.50	3/1/35		41
	25	Fannie Mae, Pool #MA4016		2.50	5/1/40		21
	157	Fannie Mae, Pool #MA3246		2.50	1/1/33		139
	291	Fannie Mae, Pool #CA7237		2.50	10/1/50		232
	246	Fannie Mae, Pool #CA6304		2.50	7/1/50		196
	227	Fannie Mae, Pool #CA6074		2.50	6/1/50		181
	329	Fannie Mae, Pool #BQ5110		2.50	11/1/50		263
	401	Fannie Mae, Pool #BU5917		2.50	12/1/51		323
	407	Fannie Mae, Pool #FM8997		2.50	10/1/51		326
	298	Fannie Mae, Pool #CA8955		2.50	2/1/51		239
	20	Fannie Mae, Pool #AS4660		2.50	3/1/30		18
	18	Fannie Mae, Pool #AS0513		2.50	8/1/43		15
	9	Fannie Mae, Pool #MA1511		2.50	7/1/33		8
	16	Fannie Mae, Pool #MA1270		2.50	11/1/32		14
	50	Fannie Mae, Pool #AU2619		2.50	8/1/28		46
	230	Fannie Mae, Pool #BK2588		2.50	5/1/50		184
	14	Fannie Mae, Pool #AZ6458		2.50	7/1/30		12
	389	Fannie Mae, Pool #MA4399		2.50	8/1/51		310
	23	Fannie Mae, Pool #MA3282		2.50	2/1/33		21
	58	Fannie Mae, Pool #BC9041		2.50	11/1/31		52
	22	Fannie Mae, Pool #FM9543		2.50	12/1/51		17
	74	Fannie Mae, Pool #MA1277		2.50	12/1/27		67
	21	Fannie Mae, Pool #CB2979		2.50	2/1/37		18
	76	Fannie Mae, Pool #MA1210		2.50	10/1/27		69
	266	Fannie Mae, Pool #FM3494		2.50	4/1/48		218
	215	Fannie Mae, Pool #FM3027		2.50	12/1/46		172
	325	Fannie Mae, Pool #CA8131		2.50	12/1/50		260
	60	Fannie Mae, Pool #AO3019		2.50	5/1/27		54
	51	Fannie Mae, Pool #AU6387		2.50	11/1/28		47
	175	Fannie Mae, Pool #MA4414		2.50	9/1/51		139
	210	Fannie Mae, Pool #CA8132		2.50	12/1/50		168
	324	Fannie Mae, Pool #MA4541		2.50	2/1/42		264
	215	Fannie Mae, Pool #CB1131		2.50	7/1/51		170
	229	Fannie Mae, Pool #BO4657		2.50	11/1/49		183
	26	Fannie Mae, Pool #AU5334		2.50	11/1/28		24
	395	Fannie Mae, Pool #CB0415		2.50	5/1/51		314
	364	Fannie Mae, Pool #BR7857		2.50	5/1/51		290
	239	Fannie Mae, Pool #MA4159		2.50	10/1/50		191
	180	Fannie Mae, Pool #MA4183		2.50	11/1/50		144
	256	Fannie Mae, Pool #CA6075		2.50	6/1/50		204
	11	Fannie Mae, Pool #BA4786		3.00	2/1/31		10
	16	Fannie Mae, Pool #MA2579		3.00	4/1/36		14
	21	Fannie Mae, Pool #AQ3223		3.00	11/1/27		20
	77	Fannie Mae, Pool #AS8276		3.00	11/1/46		65
	455	Fannie Mae, Pool #CA5229		3.00	2/1/50		378
	17	Fannie Mae, Pool #MA2832		3.00	12/1/36		15
	74	Fannie Mae, Pool #MA2833		3.00	12/1/46		62
	443	Fannie Mae, Pool #CB2755		3.00	2/1/52		369
	125	Fannie Mae, Pool #AT0682		3.00	4/1/43		106
	114	Fannie Mae, Pool #AB8897		3.00	4/1/43		97
	23	Fannie Mae, Pool #AS8424		3.00	12/1/36		20
	113	Fannie Mae, Pool #AL9865		3.00	2/1/47		95
	90	Fannie Mae, Pool #BC9003		3.00	11/1/46		76
	79	Fannie Mae, Pool #AU3735		3.00	8/1/43		67
	23	Fannie Mae, Pool #MA3090		3.00	8/1/32		21
	17	Fannie Mae, Pool #BM1370		3.00	4/1/37		14
	112	Fannie Mae, Pool #MA2737		3.00	9/1/46		94
	109	Fannie Mae, Pool #AS8414		3.00	11/1/46		92
	32	Fannie Mae, Pool #MA2773		3.00	10/1/36		27
	83	Fannie Mae, Pool #MA2895		3.00	2/1/47		70
	25	Fannie Mae, Pool #MA3934		3.00	2/1/40		21
	37	Fannie Mae, Pool #CA3788		3.00	7/1/49		31
	27	Fannie Mae, Pool #BD5076		3.00	2/1/32		25
	111	Fannie Mae, Pool #MA3905		3.00	1/1/50		93
	40	Fannie Mae, Pool #BE4400		3.00	1/1/47		33
	55	Fannie Mae, Pool #AS8521		3.00	12/1/46		47
	66	Fannie Mae, Pool #AS4884		3.00	5/1/45		56

HC CAPITAL TRUST 

The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Principal Amount (000)		Security Description	Rate %		Maturity Date	Value (000)
		U.S. Government Agency Mortgages (continued)
$	16	Fannie Mae, Pool #AT1575		3.00	5/1/43	$	13
	77	Fannie Mae, Pool #MA2863		3.00	1/1/47		65
	10	Fannie Mae, Pool #AZ4358		3.00	7/1/30		9
	15	Fannie Mae, Pool #BC4276		3.00	4/1/46		12
	31	Fannie Mae, Pool #MA2425		3.00	10/1/30		29
	35	Fannie Mae, Pool #AZ0538		3.00	9/1/30		32
	22	Fannie Mae, Pool #CA4860		3.00	12/1/49		19
	89	Fannie Mae, Pool #MA3082		3.00	7/1/47		75
	5	Fannie Mae, Pool #MA3100		3.00	8/1/37		4
	51	Fannie Mae, Pool #MA3179		3.00	11/1/47		43
	15	Fannie Mae, Pool #BK1015		3.00	2/1/33		14
	13	Fannie Mae, Pool #MA3185		3.00	11/1/37		11
	21	Fannie Mae, Pool #MA3247		3.00	1/1/33		19
	43	Fannie Mae, Pool #AS7908		3.00	9/1/46		36
	65	Fannie Mae, Pool #AY4829		3.00	5/1/45		55
	77	Fannie Mae, Pool #MA2246		3.00	4/1/30		71
	413	Fannie Mae, Pool #BU8883		3.00	3/1/52		342
	21	Fannie Mae, Pool #AU7890		3.00	9/1/28		20
	68	Fannie Mae, Pool #MA3960		3.00	3/1/50		57
	19	Fannie Mae, Pool #MA3958		3.00	3/1/40		16
	37	Fannie Mae, Pool #CA3754		3.00	6/1/34		34
	17	Fannie Mae, Pool #MA3897		3.00	1/1/35		16
	96	Fannie Mae, Pool #CA5729		3.00	5/1/50		80
	191	Fannie Mae, Pool #FS0831		3.00	3/1/52		159
	27	Fannie Mae, Pool #MA2149		3.00	1/1/30		24
	103	Fannie Mae, Pool #MA3871		3.00	12/1/49		86
	21	Fannie Mae, Pool #CA5423		3.00	3/1/50		18
	23	Fannie Mae, Pool #AS2312		3.00	5/1/29		21
	18	Fannie Mae, Pool #AS3117		3.00	8/1/29		16
	168	Fannie Mae, Pool #BP1932		3.00	4/1/50		140
	26	Fannie Mae, Pool #MA3060		3.00	7/1/32		24
	4	Fannie Mae, Pool #FM1585		3.00	9/1/49		3
	150	Fannie Mae, Pool #MA4020		3.00	5/1/50		125
	26	Fannie Mae, Pool #AS8483		3.00	12/1/46		22
	208	Fannie Mae, Pool #AO0752		3.00	4/1/42		176
	34	Fannie Mae, Pool #AB4483		3.00	2/1/27		31
	65	Fannie Mae, Pool #BE1901		3.00	12/1/46		55
	20	Fannie Mae, Pool #BJ2996		3.00	1/1/33		18
	18	Fannie Mae, Pool #AW8295		3.00	8/1/29		16
	46	Fannie Mae, Pool #AS1527		3.00	1/1/29		42
	24	Fannie Mae, Pool #MA3631		3.00	4/1/34		21
	417	Fannie Mae, Pool #CB3172		3.00	3/1/52		345
	74	Fannie Mae, Pool #BD4225		3.00	11/1/46		62
	34	Fannie Mae, Pool #MA3991		3.00	4/1/50		28
	139	Fannie Mae, Pool #BO6219		3.00	12/1/49		116
	75	Fannie Mae, Pool #BO7242		3.00	1/1/50		62
	105	Fannie Mae, Pool #BO8947		3.00	1/1/50		88
	37	Fannie Mae, Pool #BO9169		3.00	12/1/49		31
	12	Fannie Mae, Pool #MA1058		3.00	5/1/32		10
	133	Fannie Mae, Pool #BP6466		3.00	7/1/50		110
	8	Fannie Mae, Pool #MA2065		3.00	10/1/34		7
	55	Fannie Mae, Pool #CA5519		3.00	4/1/50		46
	191	Fannie Mae, Pool #FM3395		3.00	6/1/50		160
	33	Fannie Mae, Pool #FM4317		3.00	9/1/50		27
	28	Fannie Mae, Pool #AL8861		3.00	7/1/31		25
	39	Fannie Mae, Pool #AS8186		3.00	10/1/46		33
	122	Fannie Mae, Pool #AT7620		3.00	6/1/43		103
	374	Fannie Mae, Pool #CB3364		3.00	4/1/52		309
	366	Fannie Mae, Pool #CB2759		3.00	2/1/52		303
	15	Fannie Mae, Pool #AS4334		3.00	1/1/45		13
	46	Fannie Mae, Pool #MA1401		3.00	4/1/33		40
	43	Fannie Mae, Pool #MA3147		3.00	10/1/47		37
	61	Fannie Mae, Pool #AS4333		3.00	1/1/45		52
	22	Fannie Mae, Pool #MA3304		3.00	3/1/48		19
	28	Fannie Mae, Pool #MA2230		3.00	4/1/35		24
	315	Fannie Mae, Pool #AB7099		3.00	11/1/42		268
	136	Fannie Mae, Pool #CA5668		3.00	5/1/50		114
	168	Fannie Mae, Pool #MA4048		3.00	6/1/50		140

HC CAPITAL TRUST 

The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Principal Amount (000)		Security Description	Rate %		Maturity Date	Value (000)
		U.S. Government Agency Mortgages (continued)
$	37	Fannie Mae, Pool #MA3127		3.00	9/1/37	$	32
	372	Fannie Mae, Pool #AP6375		3.00	9/1/42		316
	6	Fannie Mae, Pool #AK0006		3.00	1/1/27		6
	30	Fannie Mae, Pool #MA2523		3.00	2/1/36		26
	55	Fannie Mae, Pool #FM2132		3.00	1/1/50		46
	9	Fannie Mae, Pool #MA2287		3.00	6/1/35		8
	118	Fannie Mae, Pool #BO2201		3.00	9/1/49		99
	31	Fannie Mae, Pool #AW7383		3.00	8/1/29		29
	49	Fannie Mae, Pool #AY4200		3.00	5/1/45		42
	346	Fannie Mae, Pool #FS2122		3.00	3/1/52		287
	102	Fannie Mae, Pool #AT2014		3.00	4/1/43		87
	147	Fannie Mae, Pool #AP2465		3.00	8/1/42		125
	92	Fannie Mae, Pool #BC4764		3.00	10/1/46		78
	25	Fannie Mae, Pool #MA3331		3.00	4/1/48		21
	329	Fannie Mae, Pool #AQ7920		3.00	12/1/42		280
	6	Fannie Mae, Pool #MA3738		3.00	8/1/34		5
	7	Fannie Mae, Pool #AX8309		3.00	11/1/29		7
	31	Fannie Mae, Pool #MA3744		3.00	8/1/49		26
	6	Fannie Mae, Pool #MA3802		3.00	10/1/49		5
	22	Fannie Mae, Pool #MA3339		3.00	4/1/33		20
	175	Fannie Mae, Pool #AP6493		3.00	9/1/42		149
	75	Fannie Mae, Pool #AS8784		3.00	2/1/47		63
	25	Fannie Mae, Pool #AS8438		3.00	12/1/36		21
	20	Fannie Mae, Pool #MA3237		3.00	1/1/48		17
	63	Fannie Mae, Pool #AK3302		3.00	3/1/27		59
	64	Fannie Mae, Pool #BD5545		3.00	10/1/46		54
	7	Fannie Mae, Pool #AL9848		3.00	3/1/47		6
	11	Fannie Mae, Pool #AS8056		3.00	10/1/46		10
	50	Fannie Mae, Pool #AS7238		3.00	5/1/46		42
	13	Fannie Mae, Pool #MA2897		3.00	2/1/37		11
	205	Fannie Mae, Pool #MA3834		3.00	11/1/49		172
	235	Fannie Mae, Pool #FS1374		3.00	3/1/52		195
	188	Fannie Mae, Pool #MA4579		3.00	4/1/52		156
	30	Fannie Mae, Pool #MA3831		3.00	11/1/39		26
	82	Fannie Mae, Pool #MA3774		3.00	9/1/49		68
	113	Fannie Mae, Pool #AS7904		3.00	9/1/46		95
	73	Fannie Mae, Pool #MA3106		3.00	8/1/47		61
	107	Fannie Mae, Pool #MA3937		3.00	2/1/50		90
	28	Fannie Mae, Pool #AL9996		3.00	4/1/32		26
	85	Fannie Mae, Pool #AS0196		3.00	8/1/28		80
	67	Fannie Mae, Pool #FM1134		3.00	4/1/48		57
	12	Fannie Mae, Pool #MA2087		3.00	11/1/34		10
	16	Fannie Mae, Pool #MA2961		3.00	4/1/37		14
	10	Fannie Mae, Pool #MA3218		3.00	12/1/32		9
	8	Fannie Mae, Pool #MA3657		3.00	5/1/34		7
	123	Fannie Mae, Pool #MA2956		3.00	4/1/47		103
	9	Fannie Mae, Pool #MA3078		3.00	7/1/37		8
	47	Fannie Mae, Pool #MA1527		3.00	8/1/33		42
	252	Fannie Mae, Pool #BU1241		3.00	3/1/52		209
	21	Fannie Mae, Pool #BE3861		3.00	1/1/47		17
	92	Fannie Mae, Pool #BN7703		3.00	8/1/49		77
	98	Fannie Mae, Pool #BO3192		3.00	10/1/49		82
	442	Fannie Mae, Pool #CB2756		3.00	2/1/52		368
	17	Fannie Mae, Pool #BE9547		3.00	4/1/47		14
	120	Fannie Mae, Pool #FM1370		3.00	4/1/46		101
	133	Fannie Mae, Pool #BD2446		3.00	1/1/47		112
	56	Fannie Mae, Pool #FM1552		3.00	12/1/47		47
	106	Fannie Mae, Pool #MA1307		3.00	1/1/33		94
	47	Fannie Mae, Pool #BD5787		3.00	9/1/46		40
	23	Fannie Mae, Pool #MA1338		3.00	2/1/33		21
	5	Fannie Mae, Pool #BA0826		3.00	10/1/30		5
	113	Fannie Mae, Pool #MA4079		3.00	7/1/50		94
	92	Fannie Mae, Pool #MA2806		3.00	11/1/46		78
	12	Fannie Mae, Pool #AR7426		3.00	7/1/43		11
	79	Fannie Mae, Pool #BM4703		3.50	2/1/48		70
	4	Fannie Mae, Pool #AL8776		3.50	7/1/46		3
	18	Fannie Mae, Pool #AS5892		3.50	10/1/45		16
	23	Fannie Mae, Pool #BC7633		3.50	6/1/46		20

HC CAPITAL TRUST 

The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Principal Amount (000)		Security Description	Rate %		Maturity Date	Value (000)
		U.S. Government Agency Mortgages (continued)
$	21	Fannie Mae, Pool #MA3597		3.50	2/1/49	$	18
	26	Fannie Mae, Pool #AZ6383		3.50	9/1/45		23
	9	Fannie Mae, Pool #CA0234		3.50	8/1/47		7
	24	Fannie Mae, Pool #BC0163		3.50	1/1/46		21
	58	Fannie Mae, Pool #CA0487		3.50	10/1/47		51
	348	Fannie Mae, Pool #BU8723		3.50	6/1/52		300
	35	Fannie Mae, Pool #BC3126		3.50	1/1/46		31
	51	Fannie Mae, Pool #AY5303		3.50	3/1/45		45
	5	Fannie Mae, Pool #MA2996		3.50	5/1/37		4
	154	Fannie Mae, Pool #BM1568		3.50	7/1/47		137
	68	Fannie Mae, Pool #BD5046		3.50	2/1/47		60
	80	Fannie Mae, Pool #AS3133		3.50	8/1/44		71
	58	Fannie Mae, Pool #MA1982		3.50	8/1/34		52
	61	Fannie Mae, Pool #MA2125		3.50	12/1/44		53
	56	Fannie Mae, Pool #AO4385		3.50	6/1/42		49
	8	Fannie Mae, Pool #AS2081		3.50	4/1/29		8
	19	Fannie Mae, Pool #MA3614		3.50	3/1/49		17
	22	Fannie Mae, Pool #AX7655		3.50	1/1/45		20
	15	Fannie Mae, Pool #MA3637		3.50	4/1/49		13
	6	Fannie Mae, Pool #BM5446		3.50	2/1/49		5
	75	Fannie Mae, Pool #BC1158		3.50	2/1/46		66
	69	Fannie Mae, Pool #AL1717		3.50	5/1/27		65
	20	Fannie Mae, Pool #BA1893		3.50	8/1/45		17
	25	Fannie Mae, Pool #AY8856		3.50	9/1/45		22
	37	Fannie Mae, Pool #AY3913		3.50	2/1/45		33
	37	Fannie Mae, Pool #AY3802		3.50	2/1/45		33
	8	Fannie Mae, Pool #MA3152		3.50	10/1/37		7
	54	Fannie Mae, Pool #AS4771		3.50	4/1/45		47
	55	Fannie Mae, Pool #MA3026		3.50	6/1/47		48
	5	Fannie Mae, Pool #MA2909		3.50	2/1/37		5
	58	Fannie Mae, Pool #AS0024		3.50	7/1/43		52
	328	Fannie Mae, Pool #AO2548		3.50	4/1/42		291
	38	Fannie Mae, Pool #AS5068		3.50	6/1/45		33
	16	Fannie Mae, Pool #AE0981		3.50	3/1/41		15
	56	Fannie Mae, Pool #FM3387		3.50	3/1/35		52
	258	Fannie Mae, Pool #AB6017		3.50	8/1/42		229
	24	Fannie Mae, Pool #MA2389		3.50	9/1/35		22
	139	Fannie Mae, Pool #ZM4908		3.50	11/1/47		121
	59	Fannie Mae, Pool #MA3663		3.50	5/1/49		51
	25	Fannie Mae, Pool #MA3775		3.50	9/1/49		21
	31	Fannie Mae, Pool #AS5696		3.50	8/1/45		28
	11	Fannie Mae, Pool #MA3835		3.50	11/1/49		10
	20	Fannie Mae, Pool #AJ4093		3.50	10/1/26		18
	42	Fannie Mae, Pool #BE3767		3.50	7/1/47		37
	19	Fannie Mae, Pool #FS1774		3.50	5/1/37		17
	11	Fannie Mae, Pool #AE5487		3.50	10/1/25		11
	385	Fannie Mae, Pool #MA4654		3.50	7/1/52		331
	53	Fannie Mae, Pool #MA3414		3.50	7/1/48		46
	479	Fannie Mae, Pool #MA4600		3.50	5/1/52		412
	25	Fannie Mae, Pool #MA2923		3.50	3/1/37		23
	48	Fannie Mae, Pool #AZ9576		3.50	12/1/45		42
	119	Fannie Mae, Pool #MA3276		3.50	2/1/48		104
	71	Fannie Mae, Pool #MA3238		3.50	1/1/48		62
	3	Fannie Mae, Pool #AJ6181		3.50	12/1/26		3
	7	Fannie Mae, Pool #BM1231		3.50	11/1/31		6
	2	Fannie Mae, Pool #BA5031		3.50	1/1/46		1
	51	Fannie Mae, Pool #AS7491		3.50	7/1/46		45
	28	Fannie Mae, Pool #BM2001		3.50	12/1/46		25
	235	Fannie Mae, Pool #CB3601		3.50	5/1/52		203
	81	Fannie Mae, Pool #BJ2692		3.50	4/1/48		70
	27	Fannie Mae, Pool #BJ0647		3.50	3/1/48		23
	11	Fannie Mae, Pool #MA2495		3.50	1/1/46		10
	99	Fannie Mae, Pool #BH9277		3.50	2/1/48		87
	82	Fannie Mae, Pool #BH5155		3.50	9/1/47		72
	104	Fannie Mae, Pool #AO3760		3.50	5/1/42		92
	18	Fannie Mae, Pool #MA3692		3.50	7/1/49		15
	30	Fannie Mae, Pool #AS5319		3.50	7/1/45		26
	76	Fannie Mae, Pool #FM1543		3.50	11/1/48		66

HC CAPITAL TRUST 

The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Principal Amount (000)		Security Description	Rate %		Maturity Date	Value (000)
		U.S. Government Agency Mortgages (continued)
$	68	Fannie Mae, Pool #MA3305		3.50	3/1/48	$	59
	26	Fannie Mae, Pool #AX5201		3.50	10/1/29		25
	129	Fannie Mae, Pool #AQ0546		3.50	11/1/42		114
	8	Fannie Mae, Pool #MA3634		3.50	4/1/39		7
	51	Fannie Mae, Pool #MA3332		3.50	4/1/48		44
	73	Fannie Mae, Pool #MA1107		3.50	7/1/32		66
	43	Fannie Mae, Pool #AX2486		3.50	10/1/44		38
	70	Fannie Mae, Pool #FM1911		3.50	7/1/48		62
	51	Fannie Mae, Pool #AO4647		3.50	6/1/42		45
	48	Fannie Mae, Pool #AS7388		3.50	6/1/46		42
	43	Fannie Mae, Pool #FM1028		3.50	6/1/49		38
	93	Fannie Mae, Pool #AU1635		3.50	7/1/43		82
	55	Fannie Mae, Pool #AX9530		3.50	2/1/45		49
	77	Fannie Mae, Pool #AZ0862		3.50	7/1/45		67
	44	Fannie Mae, Pool #AO9140		3.50	7/1/42		39
	8	Fannie Mae, Pool #MA3059		3.50	7/1/37		7
	50	Fannie Mae, Pool #MA3057		3.50	7/1/47		43
	54	Fannie Mae, Pool #AU3742		3.50	8/1/43		48
	7	Fannie Mae, Pool #AK0706		3.50	2/1/27		7
	5	Fannie Mae, Pool #AV6407		3.50	2/1/29		4
	25	Fannie Mae, Pool #MA3462		3.50	9/1/33		23
	47	Fannie Mae, Pool #BM5485		3.50	2/1/49		41
	77	Fannie Mae, Pool #MA3182		3.50	11/1/47		67
	141	Fannie Mae, Pool #BP1947		3.50	4/1/50		122
	65	Fannie Mae, Pool #BM2000		3.50	5/1/47		57
	45	Fannie Mae, Pool #AS4773		3.50	4/1/45		39
	5	Fannie Mae, Pool #MA1021		3.50	3/1/27		4
	39	Fannie Mae, Pool #AS6649		3.50	2/1/46		34
	73	Fannie Mae, Pool #MA3520		3.50	11/1/48		64
	71	Fannie Mae, Pool #AY1306		3.50	3/1/45		62
	19	Fannie Mae, Pool #CA1191		3.50	11/1/47		16
	58	Fannie Mae, Pool #MA3745		3.50	8/1/49		51
	37	Fannie Mae, Pool #FM0020		3.50	7/1/49		33
	78	Fannie Mae, Pool #BH9215		3.50	1/1/48		69
	25	Fannie Mae, Pool #AS4772		3.50	4/1/45		22
	8	Fannie Mae, Pool #310139		3.50	11/1/25		7
	48	Fannie Mae, Pool #MA1980		3.50	8/1/44		42
	94	Fannie Mae, Pool #BD2436		3.50	1/1/47		82
	60	Fannie Mae, Pool #FM1001		3.50	11/1/48		52
	73	Fannie Mae, Pool #MA2292		3.50	6/1/45		64
	57	Fannie Mae, Pool #FM1566		3.50	11/1/48		50
	65	Fannie Mae, Pool #AJ8476		3.50	12/1/41		57
	43	Fannie Mae, Pool #AS7239		3.50	5/1/46		37
	23	Fannie Mae, Pool #MA3494		3.50	10/1/48		20
	48	Fannie Mae, Pool #AK7497		3.50	4/1/42		43
	23	Fannie Mae, Pool #AZ2614		3.50	8/1/45		20
	61	Fannie Mae, Pool #BK9038		3.50	10/1/33		57
	4	Fannie Mae, Pool #AX0159		3.50	9/1/29		4
	8	Fannie Mae, Pool #MA3906		3.50	1/1/50		7
	21	Fannie Mae, Pool #AP9390		3.50	10/1/42		19
	53	Fannie Mae, Pool #MA1059		3.50	5/1/32		49
	44	Fannie Mae, Pool #AY4300		3.50	1/1/45		39
	268	Fannie Mae, Pool #AO8137		3.50	8/1/42		238
	9	Fannie Mae, Pool #MA2692		3.50	7/1/36		8
	32	Fannie Mae, Pool #BE5258		3.50	1/1/47		28
	21	Fannie Mae, Pool #AY2291		4.00	3/1/45		19
	59	Fannie Mae, Pool #CA0183		4.00	8/1/47		54
	85	Fannie Mae, Pool #FM5134		4.00	1/1/49		77
	57	Fannie Mae, Pool #MA0641		4.00	2/1/31		56
	4	Fannie Mae, Pool #MA3037		4.00	6/1/37		4
	30	Fannie Mae, Pool #AS7600		4.00	7/1/46		27
	55	Fannie Mae, Pool #MA3027		4.00	6/1/47		50
	51	Fannie Mae, Pool #MA3121		4.00	9/1/47		46
	88	Fannie Mae, Pool #AS7558		4.00	7/1/46		80
	11	Fannie Mae, Pool #MA0695		4.00	4/1/31		11
	33	Fannie Mae, Pool #AC7328		4.00	12/1/39		30
	27	Fannie Mae, Pool #AS3903		4.00	11/1/44		25
	117	Fannie Mae, Pool #AY1377		4.00	4/1/45		106

HC CAPITAL TRUST 

The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Principal Amount (000)		Security Description	Rate %		Maturity Date	Value (000)
		U.S. Government Agency Mortgages (continued)
$	14	Fannie Mae, Pool #MA3536		4.00	12/1/48	$	12
	20	Fannie Mae, Pool #AY0025		4.00	2/1/45		18
	7	Fannie Mae, Pool #AS3448		4.00	9/1/44		6
	38	Fannie Mae, Pool #MA3615		4.00	3/1/49		34
	59	Fannie Mae, Pool #MA3804		4.00	10/1/49		52
	8	Fannie Mae, Pool #AS2117		4.00	4/1/44		8
	22	Fannie Mae, Pool #MA3638		4.00	4/1/49		20
	8	Fannie Mae, Pool #BM5525		4.00	3/1/31		7
	53	Fannie Mae, Pool #BJ9169		4.00	5/1/48		48
	122	Fannie Mae, Pool #AJ7857		4.00	12/1/41		112
	7	Fannie Mae, Pool #MA3413		4.00	7/1/38		7
	26	Fannie Mae, Pool #BC5559		4.00	3/1/46		23
	72	Fannie Mae, Pool #BK7943		4.00	11/1/48		65
	11	Fannie Mae, Pool #BJ0639		4.00	3/1/48		10
	18	Fannie Mae, Pool #AT3872		4.00	6/1/43		17
	69	Fannie Mae, Pool #MA2995		4.00	5/1/47		62
	44	Fannie Mae, Pool #FM1960		4.00	5/1/49		40
	41	Fannie Mae, Pool #AX0841		4.00	9/1/44		38
	11	Fannie Mae, Pool #MA3216		4.00	12/1/37		11
	17	Fannie Mae, Pool #MA0493		4.00	8/1/30		17
	32	Fannie Mae, Pool #AS3467		4.00	10/1/44		30
	24	Fannie Mae, Pool #BA6910		4.00	2/1/46		22
	38	Fannie Mae, Pool #AY8981		4.00	8/1/45		35
	42	Fannie Mae, Pool #AS3293		4.00	9/1/44		38
	25	Fannie Mae, Pool #AS3468		4.00	10/1/44		23
	13	Fannie Mae, Pool #BH2623		4.00	8/1/47		12
	30	Fannie Mae, Pool #CA0237		4.00	8/1/47		27
	5	Fannie Mae, Pool #MA2655		4.00	6/1/36		5
	60	Fannie Mae, Pool #MA3183		4.00	11/1/47		54
	70	Fannie Mae, Pool #AO2959		4.00	5/1/42		64
	32	Fannie Mae, Pool #AL7347		4.00	9/1/45		29
	20	Fannie Mae, Pool #MA3521		4.00	11/1/48		18
	37	Fannie Mae, Pool #FM1571		4.00	12/1/48		33
	39	Fannie Mae, Pool #FM1415		4.00	12/1/48		35
	71	Fannie Mae, Pool #AU3753		4.00	8/1/43		65
	5	Fannie Mae, Pool #AE0375		4.00	7/1/25		5
	37	Fannie Mae, Pool #BK0909		4.00	7/1/48		33
	4	Fannie Mae, Pool #AL9742		4.00	7/1/29		4
	27	Fannie Mae, Pool #BN0594		4.00	12/1/48		25
	22	Fannie Mae, Pool #BM4991		4.00	9/1/48		20
	12	Fannie Mae, Pool #MA3427		4.00	7/1/33		12
	9	Fannie Mae, Pool #AW5109		4.00	8/1/44		8
	398	Fannie Mae, Pool #FS0016		4.00	6/1/49		360
	155	Fannie Mae, Pool #AJ7689		4.00	12/1/41		142
	14	Fannie Mae, Pool #AS8823		4.00	2/1/47		12
	47	Fannie Mae, Pool #BK7608		4.00	9/1/48		42
	40	Fannie Mae, Pool #AS8532		4.00	12/1/46		37
	45	Fannie Mae, Pool #AS9831		4.00	6/1/47		41
	27	Fannie Mae, Pool #BE8050		4.00	4/1/47		25
	13	Fannie Mae, Pool #CA2469		4.00	10/1/48		11
	25	Fannie Mae, Pool #AY1595		4.00	1/1/45		23
	23	Fannie Mae, Pool #AL4778		4.00	10/1/32		22
	36	Fannie Mae, Pool #AS7601		4.00	7/1/46		33
	5	Fannie Mae, Pool #AW9041		4.00	8/1/44		5
	34	Fannie Mae, Pool #AW5063		4.00	7/1/44		31
	41	Fannie Mae, Pool #AV2340		4.00	12/1/43		37
	34	Fannie Mae, Pool #MA3563		4.00	1/1/49		30
	34	Fannie Mae, Pool #AS2498		4.00	5/1/44		31
	6	Fannie Mae, Pool #AS7028		4.00	4/1/46		5
	45	Fannie Mae, Pool #AS3216		4.00	9/1/44		42
	1	Fannie Mae, Pool #BA0847		4.00	3/1/46		1
	44	Fannie Mae, Pool #AS9486		4.00	4/1/47		39
	15	Fannie Mae, Pool #FM1101		4.00	7/1/34		15
	6	Fannie Mae, Pool #AC2995		4.00	9/1/24		6
	63	Fannie Mae, Pool #BD7081		4.00	3/1/47		57
	49	Fannie Mae, Pool #AL8387		4.00	3/1/46		45
	381	Fannie Mae, Pool #FS3526		4.00	12/1/52		340
	156	Fannie Mae, Pool #AJ5303		4.00	11/1/41		143

HC CAPITAL TRUST 

The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Principal Amount (000)		Security Description	Rate %		Maturity Date	Value (000)
		U.S. Government Agency Mortgages (continued)
$	91	Fannie Mae, Pool #AH5859		4.00	2/1/41	$	84
	20	Fannie Mae, Pool #MA3244		4.00	1/1/38		19
	31	Fannie Mae, Pool #BK9697		4.00	12/1/48		28
	135	Fannie Mae, Pool #AS0531		4.00	9/1/43		124
	7	Fannie Mae, Pool #BM4306		4.00	9/1/25		7
	56	Fannie Mae, Pool #MA3211		4.00	12/1/47		51
	20	Fannie Mae, Pool #CA2474		4.00	7/1/48		18
	22	Fannie Mae, Pool #BN5258		4.00	2/1/49		20
	63	Fannie Mae, Pool #MA3746		4.00	8/1/49		56
	39	Fannie Mae, Pool #CA1894		4.00	6/1/48		35
	25	Fannie Mae, Pool #BK0915		4.00	7/1/48		22
	3	Fannie Mae, Pool #CA3084		4.00	2/1/49		2
	40	Fannie Mae, Pool #MA3277		4.00	2/1/48		36
	52	Fannie Mae, Pool #BM2002		4.00	10/1/47		47
	2	Fannie Mae, Pool #AZ8874		4.00	9/1/45		1
	52	Fannie Mae, Pool #AZ7362		4.00	11/1/45		47
	236	Fannie Mae, Pool #MA4732		4.00	9/1/52		210
	11	Fannie Mae, Pool #AH3394		4.00	1/1/41		10
	33	Fannie Mae, Pool #AH6242		4.00	4/1/26		32
	7	Fannie Mae, Pool #AL2689		4.00	2/1/27		7
	299	Fannie Mae, Pool #190405		4.00	10/1/40		275
	44	Fannie Mae, Pool #MA4797		4.00	11/1/37		41
	95	Fannie Mae, Pool #BN6677		4.00	6/1/49		86
	11	Fannie Mae, Pool #MA2455		4.00	11/1/35		10
	15	Fannie Mae, Pool #MA3592		4.00	2/1/49		14
	91	Fannie Mae, Pool #AZ8067		4.00	9/1/45		82
	5	Fannie Mae, Pool #MA2536		4.00	2/1/36		5
	50	Fannie Mae, Pool #FM0021		4.00	3/1/49		45
	54	Fannie Mae, Pool #CA1015		4.00	1/1/48		49
	37	Fannie Mae, Pool #BM5685		4.00	6/1/48		34
	37	Fannie Mae, Pool #BN0334		4.00	12/1/48		34
	22	Fannie Mae, Pool #CA0623		4.50	10/1/47		21
	31	Fannie Mae, Pool #MA0481		4.50	8/1/30		30
	16	Fannie Mae, Pool #MA3593		4.50	2/1/49		14
	13	Fannie Mae, Pool #AU5302		4.50	10/1/43		12
	8	Fannie Mae, Pool #AS0861		4.50	10/1/43		7
	27	Fannie Mae, Pool #AB1389		4.50	8/1/40		25
	11	Fannie Mae, Pool #AA0860		4.50	1/1/39		11
	20	Fannie Mae, Pool #BK5283		4.50	6/1/48		19
	49	Fannie Mae, Pool #MA3639		4.50	4/1/49		46
	16	Fannie Mae, Pool #BM1285		4.50	5/1/47		15
	11	Fannie Mae, Pool #CA1218		4.50	2/1/48		10
	25	Fannie Mae, Pool #AS1638		4.50	2/1/44		24
	13	Fannie Mae, Pool #AS8576		4.50	12/1/46		12
	3	Fannie Mae, Pool #AW7048		4.50	6/1/44		3
	—	Fannie Mae, Pool #254954		4.50	10/1/23		—
	29	Fannie Mae, Pool #AS2276		4.50	4/1/44		27
	25	Fannie Mae, Pool #AL5082		4.50	3/1/44		23
	14	Fannie Mae, Pool #BE6489		4.50	1/1/47		13
	11	Fannie Mae, Pool #AH6790		4.50	3/1/41		10
	61	Fannie Mae, Pool #AE0217		4.50	8/1/40		57
	4	Fannie Mae, Pool #BN0877		4.50	11/1/48		4
	54	Fannie Mae, Pool #CA1711		4.50	5/1/48		50
	134	Fannie Mae, Pool #AH7521		4.50	3/1/41		126
	53	Fannie Mae, Pool #AI4815		4.50	6/1/41		50
	223	Fannie Mae, Pool #MA3184		4.50	11/1/47		210
	45	Fannie Mae, Pool #AS8157		4.50	10/1/46		43
	40	Fannie Mae, Pool #CA0148		4.50	8/1/47		37
	34	Fannie Mae, Pool #BE5992		4.50	2/1/47		32
	394	Fannie Mae, Pool #MA5070		4.50	7/1/53		362
	404	Fannie Mae, Pool #BV7928		4.50	8/1/52		371
	48	Fannie Mae, Pool #AB3192		4.50	6/1/41		45
	135	Fannie Mae, Pool #AH9055		4.50	4/1/41		127
	103	Fannie Mae, Pool #AS9394		4.50	4/1/47		97
	55	Fannie Mae, Pool #AD8529		4.50	8/1/40		50
	202	Fannie Mae, Pool #AL1107		4.50	11/1/41		190
	13	Fannie Mae, Pool #FM3619		4.50	1/1/50		12
	44	Fannie Mae, Pool #AL4450		4.50	12/1/43		42

HC CAPITAL TRUST 

The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Principal Amount (000)		Security Description	Rate %		Maturity Date	Value (000)
		U.S. Government Agency Mortgages (continued)
$	11	Fannie Mae, Pool #AB1470		4.50	9/1/40	$	10
	9	Fannie Mae, Pool #AL8816		4.50	9/1/45		8
	22	Fannie Mae, Pool #MA3522		4.50	11/1/48		20
	2	Fannie Mae, Pool #AA9781		4.50	7/1/24		2
	4	Fannie Mae, Pool #BK8830		4.50	8/1/48		4
	55	Fannie Mae, Pool #BK1416		4.50	5/1/48		52
	19	Fannie Mae, Pool #MA3537		4.50	12/1/48		17
	23	Fannie Mae, Pool #AS0575		5.00	9/1/43		22
	332	Fannie Mae, Pool #MA4761		5.00	9/1/52		313
	9	Fannie Mae, Pool #MA3617		5.00	3/1/49		9
	12	Fannie Mae, Pool #CA0349		5.00	9/1/47		12
	3	Fannie Mae, Pool #BM3781		5.00	11/1/30		3
	21	Fannie Mae, Pool #MA3594		5.00	2/1/49		21
	25	Fannie Mae, Pool #AL5788		5.00	5/1/42		24
	20	Fannie Mae, Pool #BM3904		5.00	5/1/48		19
	12	Fannie Mae, Pool #CA1795		5.00	5/1/48		12
	12	Fannie Mae, Pool #MA3472		5.00	9/1/48		12
	258	Fannie Mae, Pool #889117		5.00	10/1/35		253
	14	Fannie Mae, Pool #725238		5.00	3/1/34		14
	9	Fannie Mae, Pool #MA3708		5.00	6/1/49		8
	20	Fannie Mae, Pool #AS0837		5.00	10/1/43		19
	15	Fannie Mae, Pool #MA3669		5.00	5/1/49		15
	394	Fannie Mae, Pool #MA5071		5.00	7/1/53		371
	59	Fannie Mae, Pool #AH5988		5.00	3/1/41		57
	9	Fannie Mae, Pool #MA3527		5.00	11/1/48		9
	11	Fannie Mae, Pool #890621		5.00	5/1/42		11
	11	Fannie Mae, Pool #890603		5.00	8/1/41		11
	25	Fannie Mae, Pool #836750		5.00	10/1/35		25
	400	Fannie Mae, Pool #MA5010		5.50	5/1/53		387
	390	Fannie Mae, Pool #MA5072		5.50	7/1/53		377
	371	Fannie Mae, Pool #FS3360		5.50	12/1/52		363
	—	Fannie Mae, Pool #AL0725		5.50	6/1/24		—
	1	Fannie Mae, Pool #A79636		5.50	7/1/38		1
	2	Fannie Mae, Pool #A69671		5.50	12/1/37		2
	414	Fannie Mae, Pool #890221		5.50	12/1/33		415
	6	Fannie Mae, Pool #929451		5.50	5/1/38		6
	48	Fannie Mae, Pool #CB5704		6.00	2/1/53		47
	255	Fannie Mae, Pool #725228		6.00	3/1/34		258
	59	Fannie Mae, Pool #889984		6.50	10/1/38		61
	125	Fannie Mae, 15 YR TBA		1.50	10/25/38		104
	175	Fannie Mae, 15 YR TBA		3.00	10/25/38		158
	100	Fannie Mae, 15 YR TBA		3.50	10/25/38		92
	100	Fannie Mae, 15 YR TBA		4.00	10/25/38		94
	25	Fannie Mae, 15 YR TBA		4.50	11/25/37		24
	150	Fannie Mae, 15 YR TBA		4.50	10/25/38		144
	25	Fannie Mae, 15 YR TBA		5.00	11/25/34		24
	125	Fannie Mae, 15 YR TBA		5.00	10/25/38		122
	100	Fannie Mae, 15 YR TBA		5.50	11/25/31		99
	50	Fannie Mae, 30 YR TBA		3.00	11/25/53		41
	100	Fannie Mae, 30 YR TBA		3.00	10/25/53		83
	125	Fannie Mae, 30 YR TBA		3.50	10/25/53		107
	25	Fannie Mae, 30 YR TBA		4.00	11/25/53		22
	225	Fannie Mae, 30 YR TBA		4.00	10/25/53		200
	650	Fannie Mae, 30 YR TBA		4.50	10/25/53		595
	25	Fannie Mae, 30 YR TBA		4.50	11/25/53		23
	175	Fannie Mae, 30 YR TBA		5.00	11/25/53		165
	2,075	Fannie Mae, 30 YR TBA		5.00	10/25/53		1,956
	1,700	Fannie Mae, 30 YR TBA		5.50	10/25/53		1,642
	400	Fannie Mae, 30 YR TBA		5.50	11/25/52		386
	400	Fannie Mae, 30 YR TBA		6.00	11/25/53		395
	1,325	Fannie Mae, 30 YR TBA		6.00	10/25/53		1,307
	925	Fannie Mae, 30 YR TBA		6.50	10/25/53		928
	350	Fannie Mae, 30 YR TBA		6.50	11/25/53		351
	50	Fannie Mae, 30 YR TBA		7.00	10/25/53		51
	358	Freddie Mac, Pool #SB8097		1.50	4/1/36		298
	419	Freddie Mac, Pool #SB8083		1.50	1/1/36		350
	397	Freddie Mac, Pool #SB8144		1.50	3/1/37		331
	319	Freddie Mac, Pool #QN9521		1.50	2/1/37		265

HC CAPITAL TRUST 

The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Principal Amount (000)		Security Description	Rate %		Maturity Date	Value (000)
		U.S. Government Agency Mortgages (continued)
$	182	Freddie Mac, Pool #SD8139		1.50	4/1/51	$	131
	381	Freddie Mac, Pool #QC0962		1.50	4/1/51		273
	390	Freddie Mac, Pool #SD8154		1.50	7/1/51		280
	70	Freddie Mac, Pool #SD8082		1.50	10/1/50		50
	382	Freddie Mac, Pool #SB8106		1.50	6/1/36		318
	62	Freddie Mac, Pool #RB5110		1.50	5/1/41		47
	405	Freddie Mac, Pool #SB8088		1.50	2/1/36		338
	344	Freddie Mac, Pool #SB8115		2.00	8/1/36		295
	406	Freddie Mac, Pool #SD8098		2.00	10/1/50		310
	31	Freddie Mac, Pool #G18634		2.00	3/1/32		27
	421	Freddie Mac, Pool #SD8172		2.00	10/1/51		320
	420	Freddie Mac, Pool #RA5155		2.00	5/1/51		318
	348	Freddie Mac, Pool #RA3575		2.00	9/1/50		268
	242	Freddie Mac, Pool #RB5114		2.00	6/1/41		194
	459	Freddie Mac, Pool #QB7708		2.00	1/1/51		349
	94	Freddie Mac, Pool #ZS7735		2.00	1/1/32		83
	371	Freddie Mac, Pool #QB8064		2.00	1/1/51		282
	375	Freddie Mac, Pool #QB6893		2.00	12/1/50		286
	353	Freddie Mac, Pool #QB3926		2.00	10/1/50		269
	357	Freddie Mac, Pool #QB3716		2.00	9/1/50		272
	554	Freddie Mac, Pool #SB8128		2.00	11/1/36		474
	451	Freddie Mac, Pool #SD8182		2.00	12/1/51		343
	372	Freddie Mac, Pool #RA3205		2.00	8/1/50		287
	402	Freddie Mac, Pool #RA5040		2.00	4/1/51		309
	381	Freddie Mac, Pool #RA4214		2.00	12/1/50		291
	419	Freddie Mac, Pool #QC7473		2.00	9/1/51		319
	29	Freddie Mac, Pool #J25777		2.00	9/1/28		27
	414	Freddie Mac, Pool #SD8079		2.00	7/1/50		316
	251	Freddie Mac, Pool #RA5257		2.00	5/1/51		193
	12	Freddie Mac, Pool #J25759		2.00	8/1/28		11
	383	Freddie Mac, Pool #SB8510		2.00	2/1/36		332
	509	Freddie Mac, Pool #RA3606		2.00	10/1/50		387
	375	Freddie Mac, Pool #QC1333		2.00	5/1/51		285
	458	Freddie Mac, Pool #SD8193		2.00	2/1/52		349
	161	Freddie Mac, Pool #RB5111		2.00	5/1/41		129
	430	Freddie Mac, Pool #SD0731		2.00	5/1/51		331
	229	Freddie Mac, Pool #RB5121		2.00	8/1/41		184
	376	Freddie Mac, Pool #QC1075		2.00	4/1/51		286
	137	Freddie Mac, Pool #QD3162		2.00	12/1/51		104
	391	Freddie Mac, Pool #SD8160		2.00	8/1/51		298
	299	Freddie Mac, Pool #RC1727		2.00	12/1/35		257
	127	Freddie Mac, Pool #RB5095		2.00	1/1/41		103
	220	Freddie Mac, Pool #SB8061		2.00	9/1/35		190
	350	Freddie Mac, Pool #SB8107		2.00	6/1/36		300
	397	Freddie Mac, Pool #RA3328		2.00	8/1/50		305
	366	Freddie Mac, Pool #SD8121		2.00	1/1/51		279
	245	Freddie Mac, Pool #RA6025		2.00	10/1/51		187
	445	Freddie Mac, Pool #RA6026		2.00	10/1/51		341
	222	Freddie Mac, Pool #SD7537		2.00	3/1/51		171
	401	Freddie Mac, Pool #RA5928		2.00	9/1/51		307
	411	Freddie Mac, Pool #QC3597		2.00	6/1/51		313
	404	Freddie Mac, Pool #QC3697		2.00	6/1/51		307
	273	Freddie Mac, Pool #RB5153		2.00	4/1/42		216
	434	Freddie Mac, Pool #QD0433		2.00	11/1/51		330
	409	Freddie Mac, Pool #QD1254		2.00	11/1/51		311
	220	Freddie Mac, Pool #RA5256		2.00	5/1/51		169
	132	Freddie Mac, Pool #RB5141		2.00	1/1/42		106
	350	Freddie Mac, Pool #SD8128		2.00	2/1/51		266
	400	Freddie Mac, Pool #QO0110		2.00	4/1/37		343
	415	Freddie Mac, Pool #SD8199		2.00	3/1/52		315
	436	Freddie Mac, Pool #QD5748		2.00	2/1/52		331
	474	Freddie Mac, Pool #SD8113		2.00	12/1/50		362
	351	Freddie Mac, Pool #RA4986		2.00	4/1/51		269
	225	Freddie Mac, Pool #QC0423		2.00	4/1/51		172
	453	Freddie Mac, Pool #RA6333		2.00	11/1/51		347
	399	Freddie Mac, Pool #QC6815		2.00	9/1/51		304
	370	Freddie Mac, Pool #SB8079		2.00	12/1/35		318
	412	Freddie Mac, Pool #RA6507		2.00	12/1/51		316

HC CAPITAL TRUST 

The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Principal Amount (000)		Security Description	Rate %		Maturity Date	Value (000)
		U.S. Government Agency Mortgages (continued)
$	15	Freddie Mac, Pool #G18547		2.00	3/1/30	$	13
	398	Freddie Mac, Pool #SD8134		2.00	3/1/51		303
	425	Freddie Mac, Pool #SD8177		2.00	11/1/51		324
	130	Freddie Mac, Pool #RB5138		2.00	12/1/41		105
	454	Freddie Mac, Pool #SD8188		2.00	1/1/52		345
	227	Freddie Mac, Pool #SD8146		2.00	5/1/51		173
	272	Freddie Mac, Pool #SD8150		2.00	6/1/51		207
	435	Freddie Mac, Pool #QC6925		2.00	9/1/51		331
	413	Freddie Mac, Pool #QB9896		2.00	3/1/51		314
	416	Freddie Mac, Pool #QC4423		2.00	7/1/51		316
	207	Freddie Mac, Pool #SD8067		2.50	6/1/50		165
	128	Freddie Mac, Pool #SB0301		2.50	4/1/35		113
	451	Freddie Mac, Pool #SD8194		2.50	2/1/52		358
	119	Freddie Mac, Pool #G18611		2.50	9/1/31		106
	39	Freddie Mac, Pool #ZS8692		2.50	4/1/33		35
	59	Freddie Mac, Pool #ZS4687		2.50	11/1/46		48
	338	Freddie Mac, Pool #SD8141		2.50	4/1/51		269
	332	Freddie Mac, Pool #RA4527		2.50	2/1/51		266
	54	Freddie Mac, Pool #RB5054		2.50	6/1/40		45
	12	Freddie Mac, Pool #G18665		2.50	11/1/32		11
	37	Freddie Mac, Pool #J35643		2.50	11/1/31		34
	22	Freddie Mac, Pool #RA6815		2.50	2/1/52		17
	232	Freddie Mac, Pool #QA9142		2.50	5/1/50		185
	155	Freddie Mac, Pool #QA5290		2.50	12/1/49		124
	172	Freddie Mac, Pool #RA2645		2.50	6/1/50		137
	395	Freddie Mac, Pool #RA5802		2.50	9/1/51		317
	410	Freddie Mac, Pool #RA6019		2.50	10/1/51		329
	275	Freddie Mac, Pool #SD8099		2.50	10/1/50		220
	48	Freddie Mac, Pool #ZK8425		2.50	12/1/31		43
	23	Freddie Mac, Pool #G18704		2.50	6/1/33		21
	423	Freddie Mac, Pool #RA6340		2.50	11/1/51		339
	450	Freddie Mac, Pool #SD8147		2.50	5/1/51		358
	422	Freddie Mac, Pool #SD8189		2.50	1/1/52		336
	4	Freddie Mac, Pool #J30875		2.50	3/1/30		3
	297	Freddie Mac, Pool #SD8151		2.50	6/1/51		236
	281	Freddie Mac, Pool #QB3703		2.50	9/1/50		224
	375	Freddie Mac, Pool #QC2031		2.50	5/1/51		299
	295	Freddie Mac, Pool #SD8167		2.50	9/1/51		234
	292	Freddie Mac, Pool #QB3287		2.50	8/1/50		233
	311	Freddie Mac, Pool #SD8114		2.50	12/1/50		248
	136	Freddie Mac, Pool #SB8108		2.50	6/1/36		120
	245	Freddie Mac, Pool #RA3528		2.50	9/1/50		197
	313	Freddie Mac, Pool #RA2643		2.50	6/1/50		249
	116	Freddie Mac, Pool #RB5086		2.50	11/1/40		97
	467	Freddie Mac, Pool #SD8212		2.50	5/1/52		371
	392	Freddie Mac, Pool #QC2251		2.50	5/1/51		312
	157	Freddie Mac, Pool #SD8083		2.50	8/1/50		125
	34	Freddie Mac, Pool #SB8062		2.50	9/1/35		30
	139	Freddie Mac, Pool #SD8055		2.50	4/1/50		111
	304	Freddie Mac, Pool #SD8122		2.50	1/1/51		243
	282	Freddie Mac, Pool #RA2634		2.50	5/1/50		226
	235	Freddie Mac, Pool #RA2595		2.50	5/1/50		188
	339	Freddie Mac, Pool #SD0412		2.50	8/1/50		274
	96	Freddie Mac, Pool #J38477		2.50	2/1/33		87
	449	Freddie Mac, Pool #RA6765		2.50	2/1/52		359
	78	Freddie Mac, Pool #G18680		2.50	3/1/33		70
	9	Freddie Mac, Pool #G08638		2.50	4/1/45		7
	44	Freddie Mac, Pool #G18533		2.50	12/1/29		41
	452	Freddie Mac, Pool #RA6621		2.50	1/1/52		362
	428	Freddie Mac, Pool #QD5204		2.50	1/1/52		341
	21	Freddie Mac, Pool #SB8053		2.50	7/1/35		19
	51	Freddie Mac, Pool #G18470		2.50	6/1/28		47
	52	Freddie Mac, Pool #RB5072		2.50	9/1/40		44
	397	Freddie Mac, Pool #SD8183		2.50	12/1/51		315
	53	Freddie Mac, Pool #G18635		2.50	3/1/32		48
	31	Freddie Mac, Pool #C09026		2.50	2/1/43		26
	13	Freddie Mac, Pool #C91904		2.50	11/1/36		11
	67	Freddie Mac, Pool #J26408		2.50	11/1/28		60

HC CAPITAL TRUST 

The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Principal Amount (000)		Security Description	Rate %		Maturity Date	Value (000)
		U.S. Government Agency Mortgages (continued)
$	87	Freddie Mac, Pool #QE2352		2.50	5/1/52	$	69
	8	Freddie Mac, Pool #G18472		2.50	7/1/28		8
	374	Freddie Mac, Pool #RA5286		2.50	5/1/51		298
	9	Freddie Mac, Pool #G08755		2.50	2/1/47		7
	59	Freddie Mac, Pool #G18568		2.50	9/1/30		53
	24	Freddie Mac, Pool #Q42878		2.50	9/1/46		19
	308	Freddie Mac, Pool #SD8129		2.50	2/1/51		245
	10	Freddie Mac, Pool #ZT2094		2.50	6/1/34		9
	43	Freddie Mac, Pool #J23440		2.50	4/1/28		40
	23	Freddie Mac, Pool #J25585		2.50	9/1/28		21
	250	Freddie Mac, Pool #RB5157		2.50	5/1/42		204
	406	Freddie Mac, Pool #QC9156		2.50	10/1/51		323
	317	Freddie Mac, Pool #RA2897		2.50	6/1/50		254
	36	Freddie Mac, Pool #J18954		2.50	4/1/27		33
	417	Freddie Mac, Pool #RA6493		2.50	12/1/51		331
	230	Freddie Mac, Pool #SD8205		2.50	4/1/52		183
	394	Freddie Mac, Pool #RA5832		2.50	9/1/51		315
	329	Freddie Mac, Pool #SD0578		2.50	3/1/51		261
	406	Freddie Mac, Pool #QC7457		2.50	9/1/51		323
	73	Freddie Mac, Pool #SB8045		2.50	5/1/35		64
	114	Freddie Mac, Pool #RB5043		2.50	4/1/40		96
	42	Freddie Mac, Pool #ZS8483		2.50	3/1/28		39
	426	Freddie Mac, Pool #SD0780		2.50	12/1/51		341
	347	Freddie Mac, Pool #SD8021		2.50	9/1/49		278
	59	Freddie Mac, Pool #J37902		2.50	11/1/32		53
	22	Freddie Mac, Pool #G18485		2.50	10/1/28		21
	453	Freddie Mac, Pool #SD1011		2.50	4/1/52		360
	23	Freddie Mac, Pool #RB5162		3.00	6/1/42		19
	95	Freddie Mac, Pool #SD8242		3.00	9/1/52		79
	24	Freddie Mac, Pool #J36428		3.00	2/1/32		22
	31	Freddie Mac, Pool #G08648		3.00	6/1/45		26
	20	Freddie Mac, Pool #J38675		3.00	3/1/33		19
	36	Freddie Mac, Pool #G08640		3.00	5/1/45		31
	12	Freddie Mac, Pool #Q18599		3.00	6/1/43		11
	22	Freddie Mac, Pool #G18582		3.00	1/1/31		20
	95	Freddie Mac, Pool #ZS4621		3.00	7/1/45		81
	22	Freddie Mac, Pool #G30945		3.00	9/1/36		19
	43	Freddie Mac, Pool #ZT0195		3.00	9/1/46		36
	7	Freddie Mac, Pool #G30999		3.00	2/1/37		6
	44	Freddie Mac, Pool #ZS4688		3.00	11/1/46		37
	16	Freddie Mac, Pool #G18715		3.00	12/1/33		15
	66	Freddie Mac, Pool #QA8065		3.00	3/1/50		55
	47	Freddie Mac, Pool #G18518		3.00	7/1/29		43
	53	Freddie Mac, Pool #J17774		3.00	1/1/27		50
	116	Freddie Mac, Pool #Q16222		3.00	3/1/43		98
	348	Freddie Mac, Pool #SD8174		3.00	10/1/51		289
	53	Freddie Mac, Pool #ZT1323		3.00	10/1/48		44
	51	Freddie Mac, Pool #Q20067		3.00	7/1/43		43
	38	Freddie Mac, Pool #C91707		3.00	6/1/33		35
	58	Freddie Mac, Pool #RA2594		3.00	5/1/50		48
	70	Freddie Mac, Pool #ZS4693		3.00	12/1/46		59
	41	Freddie Mac, Pool #ZT0715		3.00	9/1/48		34
	2	Freddie Mac, Pool #Q39527		3.00	3/1/46		1
	22	Freddie Mac, Pool #Q19754		3.00	7/1/43		19
	141	Freddie Mac, Pool #SD8184		3.00	12/1/51		117
	73	Freddie Mac, Pool #C04422		3.00	12/1/42		62
	31	Freddie Mac, Pool #ZS8686		3.00	2/1/33		28
	86	Freddie Mac, Pool #ZA1283		3.00	1/1/43		73
	54	Freddie Mac, Pool #ZA2313		3.00	9/1/33		50
	8	Freddie Mac, Pool #C91826		3.00	5/1/35		7
	55	Freddie Mac, Pool #ZS4706		3.00	3/1/47		46
	232	Freddie Mac, Pool #Q21065		3.00	8/1/43		197
	204	Freddie Mac, Pool #QB1382		3.00	7/1/50		170
	112	Freddie Mac, Pool #ZM2285		3.00	12/1/46		94
	64	Freddie Mac, Pool #SD8074		3.00	7/1/50		54
	48	Freddie Mac, Pool #G15145		3.00	7/1/29		44
	115	Freddie Mac, Pool #QA9049		3.00	4/1/50		96
	105	Freddie Mac, Pool #SD8024		3.00	11/1/49		88

HC CAPITAL TRUST 

The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Principal Amount (000)		Security Description	Rate %		Maturity Date	Value (000)
		U.S. Government Agency Mortgages (continued)
$	22	Freddie Mac, Pool #G08540		3.00	8/1/43	$	19
	88	Freddie Mac, Pool #ZS4512		3.00	5/1/43		75
	168	Freddie Mac, Pool #ZS4519		3.00	6/1/43		142
	104	Freddie Mac, Pool #C04619		3.00	3/1/43		88
	474	Freddie Mac, Pool #ZS4522		3.00	7/1/43		402
	69	Freddie Mac, Pool #C91581		3.00	11/1/32		64
	100	Freddie Mac, Pool #ZS4658		3.00	4/1/46		84
	3	Freddie Mac, Pool #J17111		3.00	10/1/26		2
	110	Freddie Mac, Pool #SB8046		3.00	5/1/35		100
	27	Freddie Mac, Pool #C91819		3.00	4/1/35		24
	55	Freddie Mac, Pool #ZM2721		3.00	2/1/47		47
	5	Freddie Mac, Pool #C91949		3.00	9/1/37		4
	122	Freddie Mac, Pool #G60989		3.00	12/1/46		103
	15	Freddie Mac, Pool #G18575		3.00	11/1/30		14
	13	Freddie Mac, Pool #J33135		3.00	11/1/30		12
	26	Freddie Mac, Pool #C91927		3.00	5/1/37		23
	13	Freddie Mac, Pool #C91924		3.00	4/1/37		12
	40	Freddie Mac, Pool #G08783		3.00	10/1/47		33
	21	Freddie Mac, Pool #C91798		3.00	12/1/34		19
	41	Freddie Mac, Pool #SD8056		3.00	4/1/50		34
	28	Freddie Mac, Pool #ZS4703		3.00	2/1/47		23
	32	Freddie Mac, Pool #ZS4641		3.00	12/1/45		27
	15	Freddie Mac, Pool #ZT2019		3.00	5/1/34		13
	13	Freddie Mac, Pool #J38057		3.00	12/1/32		12
	55	Freddie Mac, Pool #ZS4779		3.00	6/1/48		46
	361	Freddie Mac, Pool #QD9881		3.00	3/1/52		299
	19	Freddie Mac, Pool #SD8030		3.00	12/1/49		16
	5	Freddie Mac, Pool #Q18882		3.00	5/1/43		4
	14	Freddie Mac, Pool #J38807		3.00	4/1/33		12
	56	Freddie Mac, Pool #ZM2169		3.00	11/1/46		47
	12	Freddie Mac, Pool #C91905		3.00	11/1/36		11
	80	Freddie Mac, Pool #QA1033		3.00	7/1/49		67
	4	Freddie Mac, Pool #C91809		3.00	2/1/35		3
	42	Freddie Mac, Pool #G18531		3.00	11/1/29		39
	5	Freddie Mac, Pool #Q13086		3.00	11/1/42		5
	76	Freddie Mac, Pool #ZM2089		3.00	11/1/46		64
	137	Freddie Mac, Pool #ZS4697		3.00	1/1/47		115
	59	Freddie Mac, Pool #G18514		3.00	6/1/29		55
	97	Freddie Mac, Pool #Q43734		3.00	10/1/46		83
	48	Freddie Mac, Pool #G15217		3.00	11/1/29		45
	4	Freddie Mac, Pool #J14241		3.00	1/1/26		4
	85	Freddie Mac, Pool #ZS4609		3.00	4/1/45		71
	40	Freddie Mac, Pool #G18569		3.00	9/1/30		36
	125	Freddie Mac, Pool #Q45735		3.00	1/1/47		105
	12	Freddie Mac, Pool #G18534		3.00	12/1/29		11
	80	Freddie Mac, Pool #G60187		3.00	8/1/45		68
	81	Freddie Mac, Pool #G18673		3.00	1/1/33		74
	5	Freddie Mac, Pool #C91939		3.00	6/1/37		4
	10	Freddie Mac, Pool #C91969		3.00	1/1/38		9
	12	Freddie Mac, Pool #J29932		3.00	11/1/29		11
	43	Freddie Mac, Pool #Q41795		3.00	7/1/46		36
	9	Freddie Mac, Pool #C91943		3.00	7/1/37		8
	25	Freddie Mac, Pool #ZS4759		3.50	3/1/48		22
	10	Freddie Mac, Pool #C92003		3.50	7/1/38		9
	61	Freddie Mac, Pool #ZS4622		3.50	7/1/45		53
	70	Freddie Mac, Pool #ZS4642		3.50	12/1/45		61
	9	Freddie Mac, Pool #C91940		3.50	6/1/37		8
	69	Freddie Mac, Pool #G08641		3.50	5/1/45		60
	68	Freddie Mac, Pool #ZS4651		3.50	3/1/46		59
	15	Freddie Mac, Pool #A96409		3.50	1/1/41		13
	99	Freddie Mac, Pool #ZS4599		3.50	1/1/45		87
	28	Freddie Mac, Pool #G30776		3.50	7/1/35		25
	37	Freddie Mac, Pool #Q12052		3.50	10/1/42		33
	33	Freddie Mac, Pool #Q04087		3.50	10/1/41		29
	29	Freddie Mac, Pool #G08698		3.50	3/1/46		25
	98	Freddie Mac, Pool #SD8226		3.50	7/1/52		85
	35	Freddie Mac, Pool #Q06749		3.50	3/1/42		31
	44	Freddie Mac, Pool #ZS4704		3.50	2/1/47		39

HC CAPITAL TRUST 

The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Principal Amount (000)		Security Description	Rate %		Maturity Date	Value (000)
		U.S. Government Agency Mortgages (continued)
$	48	Freddie Mac, Pool #SD2253		3.50	12/1/52	$	42
	19	Freddie Mac, Pool #J27494		3.50	2/1/29		18
	449	Freddie Mac, Pool #SD0968		3.50	4/1/52		392
	20	Freddie Mac, Pool #G08599		3.50	8/1/44		18
	89	Freddie Mac, Pool #ZS4618		3.50	6/1/45		78
	35	Freddie Mac, Pool #J15105		3.50	4/1/26		34
	59	Freddie Mac, Pool #ZS4713		3.50	4/1/47		52
	90	Freddie Mac, Pool #G08627		3.50	2/1/45		79
	85	Freddie Mac, Pool #Q20860		3.50	8/1/43		75
	35	Freddie Mac, Pool #ZS4771		3.50	6/1/48		31
	33	Freddie Mac, Pool #G08687		3.50	1/1/46		29
	2	Freddie Mac, Pool #E02735		3.50	10/1/25		2
	9	Freddie Mac, Pool #J13582		3.50	11/1/25		9
	76	Freddie Mac, Pool #G08804		3.50	3/1/48		66
	21	Freddie Mac, Pool #G08846		3.50	11/1/48		19
	23	Freddie Mac, Pool #G08813		3.50	5/1/48		20
	5	Freddie Mac, Pool #C91925		3.50	4/1/37		5
	7	Freddie Mac, Pool #G08620		3.50	12/1/44		7
	52	Freddie Mac, Pool #G08761		3.50	5/1/47		45
	35	Freddie Mac, Pool #Q36040		3.50	9/1/45		31
	29	Freddie Mac, Pool #Q37449		3.50	11/1/45		25
	78	Freddie Mac, Pool #G08766		3.50	6/1/47		68
	55	Freddie Mac, Pool #ZS4630		3.50	9/1/45		48
	16	Freddie Mac, Pool #RA1508		3.50	10/1/49		14
	151	Freddie Mac, Pool #RA2469		3.50	4/1/50		132
	29	Freddie Mac, Pool #Q58422		3.50	9/1/48		26
	46	Freddie Mac, Pool #C91403		3.50	3/1/32		42
	50	Freddie Mac, Pool #C91456		3.50	6/1/32		46
	17	Freddie Mac, Pool #C91950		3.50	9/1/37		15
	386	Freddie Mac, Pool #SD8221		3.50	6/1/52		332
	13	Freddie Mac, Pool #C91742		3.50	1/1/34		12
	286	Freddie Mac, Pool #SD8038		3.50	1/1/50		248
	52	Freddie Mac, Pool #Q53176		3.50	12/1/47		46
	12	Freddie Mac, Pool #Q31134		3.50	2/1/45		11
	11	Freddie Mac, Pool #Q55002		3.50	3/1/48		9
	32	Freddie Mac, Pool #G08733		3.50	11/1/46		28
	273	Freddie Mac, Pool #ZS4487		3.50	6/1/42		241
	—	Freddie Mac, Pool #J26144		3.50	10/1/23		—
	27	Freddie Mac, Pool #SB0031		3.50	10/1/27		26
	76	Freddie Mac, Pool #QA8794		3.50	4/1/50		66
	558	Freddie Mac, Pool #SD8214		3.50	5/1/52		480
	88	Freddie Mac, Pool #SB8183		3.50	10/1/37		81
	20	Freddie Mac, Pool #G08605		3.50	9/1/44		17
	36	Freddie Mac, Pool #Q57871		3.50	8/1/48		32
	49	Freddie Mac, Pool #Q08998		3.50	6/1/42		43
	62	Freddie Mac, Pool #G08632		3.50	3/1/45		54
	22	Freddie Mac, Pool #C03920		3.50	5/1/42		20
	59	Freddie Mac, Pool #Q08903		3.50	6/1/42		52
	28	Freddie Mac, Pool #ZT1951		3.50	5/1/49		25
	30	Freddie Mac, Pool #G18707		3.50	9/1/33		28
	4	Freddie Mac, Pool #C91760		3.50	5/1/34		4
	66	Freddie Mac, Pool #Q49490		3.50	7/1/47		57
	61	Freddie Mac, Pool #Q09896		3.50	8/1/42		54
	37	Freddie Mac, Pool #ZA5128		3.50	12/1/47		32
	14	Freddie Mac, Pool #ZT0711		3.50	10/1/48		12
	87	Freddie Mac, Pool #G08562		3.50	1/1/44		77
	9	Freddie Mac, Pool #ZS4747		3.50	12/1/47		8
	56	Freddie Mac, Pool #SD8001		3.50	7/1/49		49
	29	Freddie Mac, Pool #ZS4663		3.50	5/1/46		25
	121	Freddie Mac, Pool #ZS4536		3.50	10/1/43		107
	48	Freddie Mac, Pool #Q51461		3.50	10/1/47		42
	61	Freddie Mac, Pool #G61148		3.50	9/1/47		53
	40	Freddie Mac, Pool #SD8011		3.50	9/1/49		35
	26	Freddie Mac, Pool #ZS4659		3.50	4/1/46		22
	15	Freddie Mac, Pool #SB8007		3.50	9/1/34		14
	101	Freddie Mac, Pool #G08636		3.50	4/1/45		88
	188	Freddie Mac, Pool #QE6074		4.00	7/1/52		168
	6	Freddie Mac, Pool #G14453		4.00	6/1/26		6

HC CAPITAL TRUST 

The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Principal Amount (000)		Security Description	Rate %		Maturity Date	Value (000)
		U.S. Government Agency Mortgages (continued)
$	2	Freddie Mac, Pool #J12435		4.00	6/1/25	$	2
	39	Freddie Mac, Pool #SD8039		4.00	1/1/50		35
	27	Freddie Mac, Pool #C91738		4.00	11/1/33		25
	44	Freddie Mac, Pool #ZS4573		4.00	7/1/44		40
	5	Freddie Mac, Pool #C91923		4.00	3/1/37		5
	59	Freddie Mac, Pool #ZS4631		4.00	9/1/45		54
	21	Freddie Mac, Pool #ZT1840		4.00	9/1/48		19
	80	Freddie Mac, Pool #G06506		4.00	12/1/40		73
	19	Freddie Mac, Pool #G08836		4.00	9/1/48		17
	36	Freddie Mac, Pool #ZT1952		4.00	5/1/49		32
	9	Freddie Mac, Pool #ZT1800		4.00	3/1/34		9
	389	Freddie Mac, Pool #SD8244		4.00	9/1/52		346
	386	Freddie Mac, Pool #SD8256		4.00	10/1/52		344
	7	Freddie Mac, Pool #C92019		4.00	10/1/38		7
	393	Freddie Mac, Pool #SD8313		4.00	4/1/53		350
	23	Freddie Mac, Pool #Q34081		4.00	6/1/45		21
	26	Freddie Mac, Pool #ZT1320		4.00	11/1/48		23
	75	Freddie Mac, Pool #ZS4627		4.00	8/1/45		68
	483	Freddie Mac, Pool #SD8286		4.00	1/1/53		431
	117	Freddie Mac, Pool #SD8070		4.00	6/1/50		105
	72	Freddie Mac, Pool #ZS4708		4.00	3/1/47		65
	22	Freddie Mac, Pool #ZA6946		4.00	5/1/49		20
	35	Freddie Mac, Pool #Q58680		4.00	9/1/48		32
	48	Freddie Mac, Pool #G08588		4.00	5/1/44		44
	45	Freddie Mac, Pool #G08616		4.00	11/1/44		41
	57	Freddie Mac, Pool #ZA4988		4.00	8/1/47		52
	14	Freddie Mac, Pool #ZS4652		4.00	2/1/46		13
	41	Freddie Mac, Pool #G08567		4.00	1/1/44		37
	43	Freddie Mac, Pool #G08618		4.00	12/1/44		40
	19	Freddie Mac, Pool #G08831		4.00	8/1/48		17
	63	Freddie Mac, Pool #ZL7781		4.00	2/1/44		58
	383	Freddie Mac, Pool #QE5462		4.00	7/1/52		343
	376	Freddie Mac, Pool #SD1132		4.00	6/1/52		336
	26	Freddie Mac, Pool #C91765		4.00	6/1/34		24
	9	Freddie Mac, Pool #C91994		4.00	5/1/38		8
	12	Freddie Mac, Pool #G08672		4.00	10/1/45		11
	97	Freddie Mac, Pool #SD0290		4.00	4/1/50		88
	31	Freddie Mac, Pool #G08767		4.00	6/1/47		28
	3	Freddie Mac, Pool #G08642		4.00	5/1/45		3
	37	Freddie Mac, Pool #Q27594		4.00	8/1/44		34
	3	Freddie Mac, Pool #Q27456		4.00	7/1/44		3
	57	Freddie Mac, Pool #ZS4731		4.00	8/1/47		51
	224	Freddie Mac, Pool #A96286		4.00	1/1/41		207
	6	Freddie Mac, Pool #G08633		4.00	3/1/45		6
	48	Freddie Mac, Pool #G08459		4.00	9/1/41		44
	26	Freddie Mac, Pool #G08637		4.00	4/1/45		24
	21	Freddie Mac, Pool #G08483		4.00	3/1/42		19
	22	Freddie Mac, Pool #G08601		4.00	8/1/44		20
	32	Freddie Mac, Pool #ZT2106		4.00	3/1/49		29
	47	Freddie Mac, Pool #G08785		4.00	10/1/47		43
	38	Freddie Mac, Pool #C09070		4.00	12/1/44		35
	10	Freddie Mac, Pool #ZN5030		4.00	4/1/49		9
	386	Freddie Mac, Pool #SD8306		4.50	3/1/53		355
	385	Freddie Mac, Pool #SD8287		4.50	1/1/53		354
	23	Freddie Mac, Pool #ZS4781		4.50	7/1/48		21
	368	Freddie Mac, Pool #QE9161		4.50	9/1/52		338
	17	Freddie Mac, Pool #Q22671		4.50	11/1/43		16
	475	Freddie Mac, Pool #A97692		4.50	3/1/41		438
	24	Freddie Mac, Pool #Q59805		4.50	11/1/48		23
	389	Freddie Mac, Pool #SD8266		4.50	11/1/52		357
	45	Freddie Mac, Pool #ZT1711		4.50	2/1/49		42
	11	Freddie Mac, Pool #G08781		4.50	9/1/47		10
	40	Freddie Mac, Pool #A97495		4.50	3/1/41		37
	395	Freddie Mac, Pool #SD8340		4.50	7/1/53		362
	92	Freddie Mac, Pool #RA7928		4.50	9/1/52		85
	7	Freddie Mac, Pool #C09059		4.50	3/1/44		7
	89	Freddie Mac, Pool #SD8002		4.50	7/1/49		83
	445	Freddie Mac, Pool #SD8245		4.50	9/1/52		408

HC CAPITAL TRUST 

The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Principal Amount (000)		Security Description	Rate %		Maturity Date	Value (000)
		U.S. Government Agency Mortgages (continued)
$	27	Freddie Mac, Pool #Q57957		4.50	8/1/48	$	25
	22	Freddie Mac, Pool #ZT1321		4.50	11/1/48		20
	14	Freddie Mac, Pool #G08596		4.50	7/1/44		13
	2	Freddie Mac, Pool #E02862		4.50	3/1/26		2
	23	Freddie Mac, Pool #G08754		4.50	3/1/47		22
	18	Freddie Mac, Pool #G60512		4.50	12/1/45		17
	17	Freddie Mac, Pool #Q25432		4.50	3/1/44		16
	23	Freddie Mac, Pool #ZS4774		4.50	5/1/48		21
	35	Freddie Mac, Pool #G08759		4.50	4/1/47		33
	4	Freddie Mac, Pool #A90437		4.50	1/1/40		4
	5	Freddie Mac, Pool #SD0093		5.00	10/1/49		5
	53	Freddie Mac, Pool #ZT1779		5.00	3/1/49		51
	392	Freddie Mac, Pool #SD8288		5.00	1/1/53		370
	394	Freddie Mac, Pool #SD8323		5.00	5/1/53		372
	62	Freddie Mac, Pool #Q00763		5.00	5/1/41		60
	392	Freddie Mac, Pool #SD8341		5.00	7/1/53		370
	198	Freddie Mac, Pool #C01598		5.00	8/1/33		188
	13	Freddie Mac, Pool #G05205		5.00	1/1/39		13
	386	Freddie Mac, Pool #SD8299		5.00	2/1/53		364
	398	Freddie Mac, Pool #SD8315		5.00	4/1/53		375
	6	Freddie Mac, Pool #G08838		5.00	9/1/48		6
	88	Freddie Mac, Pool #G04913		5.00	3/1/38		86
	5	Freddie Mac, Pool #G07068		5.00	7/1/41		5
	1	Freddie Mac, Pool #G06091		5.50	5/1/40		1
	389	Freddie Mac, Pool #SD8342		5.50	7/1/53		376
	30	Freddie Mac, Pool #G06031		5.50	3/1/40		30
	386	Freddie Mac, Pool #SD8331		5.50	6/1/53		373
	378	Freddie Mac, Pool #SD8300		5.50	2/1/53		366
	123	Freddie Mac, Pool #G01665		5.50	3/1/34		123
	24	Freddie Mac, Pool #G03551		6.00	11/1/37		25
	392	Freddie Mac, Pool #SD8350		6.00	8/1/53		387
	13	Freddie Mac, Pool #G05709		6.00	6/1/38		13
	248	Freddie Mac, Pool #SD8325		6.00	5/1/53		245
	2	Freddie Mac, Pool #A62706		6.00	6/1/37		2
	114	Freddie Mac, Pool #G02794		6.00	5/1/37		117
	507	Government National Mortgage Association, Pool #MA7311		2.00	4/20/51		401
	179	Government National Mortgage Association, Pool #MA6864		2.00	9/20/50		142
	251	Government National Mortgage Association, Pool #MA7533		2.00	8/20/51		198
	321	Government National Mortgage Association, Pool #MA7135		2.00	1/20/51		254
	414	Government National Mortgage Association, Pool #MA7986		2.00	4/20/52		327
	189	Government National Mortgage Association, Pool #MA7880		2.00	2/20/52		150
	375	Government National Mortgage Association, Pool #MA8041		2.00	5/20/52		295
	592	Government National Mortgage Association, Pool #MA7826		2.00	1/20/52		467
	352	Government National Mortgage Association, Pool #MA7417		2.00	6/20/51		278
	457	Government National Mortgage Association, Pool #MA7471		2.00	7/20/51		361
	329	Government National Mortgage Association, Pool #MA7366		2.00	5/20/51		260
	302	Government National Mortgage Association, Pool #MA6930		2.00	10/20/50		239
	312	Government National Mortgage Association, Pool #MA6818		2.00	8/20/50		247
	569	Government National Mortgage Association, Pool #MA7704		2.00	11/20/51		449
	357	Government National Mortgage Association, Pool #MA7051		2.00	12/20/50		283
	333	Government National Mortgage Association, Pool #MA7254		2.00	3/20/51		263
	398	Government National Mortgage Association, Pool #MA7588		2.00	9/20/51		314
	440	Government National Mortgage Association, Pool #MA7766		2.00	12/20/51		347
	408	Government National Mortgage Association, Pool #MA6994		2.00	11/20/50		325
	632	Government National Mortgage Association, Pool #MA7935		2.00	3/20/52		498
	5	Government National Mortgage Association, Pool #MA4355		2.50	4/20/32		5
	545	Government National Mortgage Association, Pool #MA7534		2.50	8/20/51		446
	184	Government National Mortgage Association, Pool #MA7705		2.50	11/20/51		150
	407	Government National Mortgage Association, Pool #MA7589		2.50	9/20/51		333
	13	Government National Mortgage Association, Pool #776954		2.50	11/15/42		11
	441	Government National Mortgage Association, Pool #MA7827		2.50	1/20/52		360
	18	Government National Mortgage Association, Pool #MA4067		2.50	11/20/46		15
	368	Government National Mortgage Association, Pool #MA7367		2.50	5/20/51		302
	10	Government National Mortgage Association, Pool #MA1133		2.50	7/20/28		9
	16	Government National Mortgage Association, Pool #MA4717		2.50	9/20/47		13
	174	Government National Mortgage Association, Pool #MA6655		2.50	5/20/50		143
	403	Government National Mortgage Association, Pool #MA7936		2.50	3/20/52		329
	11	Government National Mortgage Association, Pool #MA4194		2.50	1/20/47		9

HC CAPITAL TRUST 

The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Principal Amount (000)		Security Description	Rate %		Maturity Date	Value (000)
		U.S. Government Agency Mortgages (continued)
$	6	Government National Mortgage Association, Pool #MA2890		2.50	6/20/45	$	5
	307	Government National Mortgage Association, Pool #MA7193		2.50	2/20/51		252
	194	Government National Mortgage Association, Pool #MA6819		2.50	8/20/50		160
	180	Government National Mortgage Association, Pool #MA4260		2.50	2/20/47		150
	405	Government National Mortgage Association, Pool #MA7881		2.50	2/20/52		331
	350	Government National Mortgage Association, Pool #MA7418		2.50	6/20/51		287
	421	Government National Mortgage Association, Pool #MA7052		2.50	12/20/50		346
	14	Government National Mortgage Association, Pool #AA8341		2.50	2/15/28		13
	359	Government National Mortgage Association, Pool #MA7472		2.50	7/20/51		294
	185	Government National Mortgage Association, Pool #MA4125		2.50	12/20/46		154
	381	Government National Mortgage Association, Pool #MA7649		2.50	10/20/51		311
	328	Government National Mortgage Association, Pool #MA7312		2.50	4/20/51		269
	33	Government National Mortgage Association, Pool #MA1283		2.50	9/20/43		28
	379	Government National Mortgage Association, Pool #MA6865		2.50	9/20/50		311
	264	Government National Mortgage Association, Pool #MA6995		2.50	11/20/50		217
	9	Government National Mortgage Association, Pool #MA0908		2.50	4/20/28		9
	246	Government National Mortgage Association, Pool #MA6931		2.50	10/20/50		202
	137	Government National Mortgage Association, Pool #MA6540		2.50	3/20/50		113
	318	Government National Mortgage Association, Pool #MA7255		2.50	3/20/51		260
	296	Government National Mortgage Association, Pool #MA8042		2.50	5/20/52		241
	11	Government National Mortgage Association, Pool #MA4424		2.50	5/20/32		9
	406	Government National Mortgage Association, Pool #MA7987		2.50	4/20/52		332
	87	Government National Mortgage Association, Pool #MA6598		2.50	4/20/50		72
	416	Government National Mortgage Association, Pool #MA7136		2.50	1/20/51		341
	15	Government National Mortgage Association, Pool #MA0601		2.50	12/20/27		14
	385	Government National Mortgage Association, Pool #MA8147		2.50	7/20/52		315
	559	Government National Mortgage Association, Pool #MA7767		2.50	12/20/51		457
	410	Government National Mortgage Association, Pool #MA6709		2.50	6/20/50		337
	10	Government National Mortgage Association, Pool #711729		2.50	3/15/43		9
	103	Government National Mortgage Association, Pool #MA2147		3.00	8/20/44		89
	94	Government National Mortgage Association, Pool #AA6149		3.00	3/20/43		81
	128	Government National Mortgage Association, Pool #MA6474		3.00	2/20/50		110
	7	Government National Mortgage Association, Pool #AN5756		3.00	7/15/45		6
	9	Government National Mortgage Association, Pool #MA2797		3.00	5/20/30		9
	148	Government National Mortgage Association, Pool #MA4899		3.00	12/20/47		127
	69	Government National Mortgage Association, Pool #MA3802		3.00	7/20/46		59
	50	Government National Mortgage Association, Pool #MA2444		3.00	12/20/44		43
	127	Government National Mortgage Association, Pool #AD8433		3.00	7/15/43		112
	368	Government National Mortgage Association, Pool #MA7768		3.00	12/20/51		312
	19	Government National Mortgage Association, Pool #MA1265		3.00	9/20/28		18
	29	Government National Mortgage Association, Pool #MA4068		3.00	11/20/46		25
	139	Government National Mortgage Association, Pool #MA4261		3.00	2/20/47		120
	49	Government National Mortgage Association, Pool #MA3873		3.00	8/20/46		43
	59	Government National Mortgage Association, Pool #MA4320		3.00	3/20/47		51
	335	Government National Mortgage Association, Pool #MA6218		3.00	10/20/49		288
	6	Government National Mortgage Association, Pool #MA1890		3.00	5/20/29		6
	20	Government National Mortgage Association, Pool #MA3520		3.00	3/20/46		17
	152	Government National Mortgage Association, Pool #MA5076		3.00	3/20/48		130
	52	Government National Mortgage Association, Pool #MA3104		3.00	9/20/45		45
	147	Government National Mortgage Association, Pool #MA4195		3.00	1/20/47		127
	128	Government National Mortgage Association, Pool #MA0391		3.00	9/20/42		110
	123	Government National Mortgage Association, Pool #MA3735		3.00	6/20/46		106
	164	Government National Mortgage Association, Pool #MA4003		3.00	10/20/46		142
	55	Government National Mortgage Association, Pool #MA3309		3.00	12/20/45		48
	46	Government National Mortgage Association, Pool #MA2825		3.00	5/20/45		40
	450	Government National Mortgage Association, Pool #MA0624		3.00	12/20/42		389
	84	Government National Mortgage Association, Pool #MA1374		3.00	10/20/43		72
	166	Government National Mortgage Association, Pool #MA4126		3.00	12/20/46		143
	18	Government National Mortgage Association, Pool #MA2600		3.00	2/20/45		16
	12	Government National Mortgage Association, Pool #AG0440		3.00	8/15/43		10
	356	Government National Mortgage Association, Pool #MA7706		3.00	11/20/51		303
	18	Government National Mortgage Association, Pool #MA6820		3.00	8/20/50		15
	81	Government National Mortgage Association, Pool #MA2520		3.00	1/20/45		70
	72	Government National Mortgage Association, Pool #MA4777		3.00	10/20/47		62
	29	Government National Mortgage Association, Pool #MA0851		3.00	3/20/43		25
	73	Government National Mortgage Association, Pool #MA4961		3.00	1/20/48		63
	89	Government National Mortgage Association, Pool #MA4509		3.00	6/20/47		77
	60	Government National Mortgage Association, Pool #MA3662		3.00	5/20/46		52

HC CAPITAL TRUST 

The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Principal Amount (000)		Security Description	Rate %		Maturity Date	Value (000)
		U.S. Government Agency Mortgages (continued)
$	13	Government National Mortgage Association, Pool #AK7285		3.00	3/15/45	$	11
	136	Government National Mortgage Association, Pool #MA5018		3.00	2/20/48		117
	4	Government National Mortgage Association, Pool #MA4935		3.00	1/20/33		4
	100	Government National Mortgage Association, Pool #MA4836		3.00	11/20/47		86
	15	Government National Mortgage Association, Pool #MA0205		3.00	7/20/27		14
	55	Government National Mortgage Association, Pool #MA3596		3.00	4/20/46		47
	77	Government National Mortgage Association, Pool #MA4450		3.00	5/20/47		66
	61	Government National Mortgage Association, Pool #MA4381		3.00	4/20/47		53
	17	Government National Mortgage Association, Pool #MA4559		3.00	7/20/32		15
	79	Government National Mortgage Association, Pool #MA0153		3.00	6/20/42		68
	96	Government National Mortgage Association, Pool #MA4651		3.00	8/20/47		83
	4	Government National Mortgage Association, Pool #AL5058		3.00	3/15/45		3
	44	Government National Mortgage Association, Pool #MA3172		3.00	10/20/45		38
	71	Government National Mortgage Association, Pool #MA6283		3.00	11/20/49		61
	122	Government National Mortgage Association, Pool #MA6409		3.00	1/20/50		105
	71	Government National Mortgage Association, Pool #MA0461		3.00	10/20/42		62
	44	Government National Mortgage Association, Pool #AA2654		3.00	6/15/43		38
	69	Government National Mortgage Association, Pool #MA3033		3.00	8/20/45		59
	47	Government National Mortgage Association, Pool #MA2960		3.00	7/20/45		41
	112	Government National Mortgage Association, Pool #MA3936		3.00	9/20/46		96
	3	Government National Mortgage Association, Pool #5276		3.00	1/20/27		3
	416	Government National Mortgage Association, Pool #MA8098		3.00	6/20/52		353
	105	Government National Mortgage Association, Pool #MA6338		3.00	12/20/49		90
	359	Government National Mortgage Association, Pool #MA7828		3.00	1/20/52		306
	36	Government National Mortgage Association, Pool #MA2753		3.00	4/20/45		31
	38	Government National Mortgage Association, Pool #779084		3.00	4/15/42		34
	22	Government National Mortgage Association, Pool #MA3243		3.00	11/20/45		19
	206	Government National Mortgage Association, Pool #MA6656		3.00	5/20/50		176
	68	Government National Mortgage Association, Pool #MA6089		3.00	8/20/49		58
	15	Government National Mortgage Association, Pool #MA6766		3.00	7/20/50		13
	9	Government National Mortgage Association, Pool #AA2934		3.00	7/15/42		8
	67	Government National Mortgage Association, Pool #MA6710		3.00	6/20/50		57
	233	Government National Mortgage Association, Pool #MA6599		3.00	4/20/50		199
	90	Government National Mortgage Association, Pool #MA3034		3.50	8/20/45		80
	125	Government National Mortgage Association, Pool #MA2073		3.50	7/20/44		113
	378	Government National Mortgage Association, Pool #MA8199		3.50	8/20/52		331
	40	Government National Mortgage Association, Pool #MA1838		3.50	4/20/44		36
	44	Government National Mortgage Association, Pool #MA5263		3.50	6/20/48		39
	37	Government National Mortgage Association, Pool #MA2371		3.50	11/20/44		33
	79	Government National Mortgage Association, Pool #AM4971		3.50	4/20/45		69
	39	Government National Mortgage Association, Pool #MA3454		3.50	2/20/46		35
	59	Government National Mortgage Association, Pool #MA4719		3.50	9/20/47		53
	52	Government National Mortgage Association, Pool #MA2961		3.50	7/20/45		47
	43	Government National Mortgage Association, Pool #MA2445		3.50	12/20/44		39
	66	Government National Mortgage Association, Pool #MA2678		3.50	3/20/45		59
	25	Government National Mortgage Association, Pool #BD5909		3.50	10/15/47		22
	124	Government National Mortgage Association, Pool #MA1157		3.50	7/20/43		111
	107	Government National Mortgage Association, Pool #MA0934		3.50	4/20/43		96
	122	Government National Mortgage Association, Pool #MA1090		3.50	6/20/43		109
	124	Government National Mortgage Association, Pool #MA0462		3.50	10/20/42		111
	50	Government National Mortgage Association, Pool #MA3736		3.50	6/20/46		44
	53	Government National Mortgage Association, Pool #MA3874		3.50	8/20/46		47
	45	Government National Mortgage Association, Pool #MA4778		3.50	10/20/47		40
	57	Government National Mortgage Association, Pool #MA3803		3.50	7/20/46		51
	176	Government National Mortgage Association, Pool #MA2148		3.50	8/20/44		158
	54	Government National Mortgage Association, Pool #MA3310		3.50	12/20/45		48
	2	Government National Mortgage Association, Pool #AL8566		3.50	3/15/45		2
	112	Government National Mortgage Association, Pool #MA5019		3.50	2/20/48		99
	16	Government National Mortgage Association, Pool #MA3937		3.50	9/20/46		14
	14	Government National Mortgage Association, Pool #MA6339		3.50	12/20/49		13
	86	Government National Mortgage Association, Pool #MA0088		3.50	5/20/42		77
	87	Government National Mortgage Association, Pool #MA4837		3.50	11/20/47		76
	220	Government National Mortgage Association, Pool #MA0220		3.50	7/20/42		197
	77	Government National Mortgage Association, Pool #MA2303		3.50	10/20/44		69
	15	Government National Mortgage Association, Pool #AD2416		3.50	5/15/43		14
	80	Government National Mortgage Association, Pool #MA3244		3.50	11/20/45		71
	10	Government National Mortgage Association, Pool #738602		3.50	8/15/26		9
	48	Government National Mortgage Association, Pool #MA4586		3.50	7/20/47		43

HC CAPITAL TRUST 

The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Principal Amount (000)		Security Description	Rate %		Maturity Date	Value (000)
		U.S. Government Agency Mortgages (continued)
$	39	Government National Mortgage Association, Pool #740798		3.50	1/15/42	$	34
	102	Government National Mortgage Association, Pool #MA3173		3.50	10/20/45		91
	61	Government National Mortgage Association, Pool #783976		3.50	4/20/43		55
	7	Government National Mortgage Association, Pool #MA1574		3.50	1/20/29		7
	65	Government National Mortgage Association, Pool #MA0699		3.50	1/20/43		58
	47	Government National Mortgage Association, Pool #MA4510		3.50	6/20/47		41
	72	Government National Mortgage Association, Pool #MA2892		3.50	6/20/45		64
	69	Government National Mortgage Association, Pool #MA3597		3.50	4/20/46		62
	44	Government National Mortgage Association, Pool #MA2754		3.50	4/20/45		39
	31	Government National Mortgage Association, Pool #MA4451		3.50	5/20/47		27
	9	Government National Mortgage Association, Pool #MA6410		3.50	1/20/50		8
	72	Government National Mortgage Association, Pool #MA4004		3.50	10/20/46		64
	86	Government National Mortgage Association, Pool #MA4127		3.50	12/20/46		77
	9	Government National Mortgage Association, Pool #MA5875		3.50	4/20/49		8
	14	Government National Mortgage Association, Pool #796271		3.50	7/15/42		12
	65	Government National Mortgage Association, Pool #MA4069		3.50	11/20/46		58
	107	Government National Mortgage Association, Pool #MA0852		3.50	3/20/43		96
	64	Government National Mortgage Association, Pool #MA4262		3.50	2/20/47		57
	95	Government National Mortgage Association, Pool #MA3521		3.50	3/20/46		85
	12	Government National Mortgage Association, Pool #MA6711		3.50	6/20/50		11
	72	Government National Mortgage Association, Pool #MA4382		3.50	4/20/47		64
	468	Government National Mortgage Association, Pool #MA8149		3.50	7/20/52		410
	54	Government National Mortgage Association, Pool #MA5077		3.50	3/20/48		48
	10	Government National Mortgage Association, Pool #MA6475		3.50	2/20/50		9
	56	Government National Mortgage Association, Pool #MA3663		3.50	5/20/46		50
	12	Government National Mortgage Association, Pool #MA5762		3.50	2/20/49		10
	4	Government National Mortgage Association, Pool #MA1266		3.50	9/20/28		4
	11	Government National Mortgage Association, Pool #MA6219		3.50	10/20/49		10
	70	Government National Mortgage Association, Pool #MA3376		3.50	1/20/46		62
	38	Government National Mortgage Association, Pool #AC3938		3.50	1/15/43		34
	68	Government National Mortgage Association, Pool #MA4321		3.50	3/20/47		61
	67	Government National Mortgage Association, Pool #MA0022		3.50	4/20/42		60
	65	Government National Mortgage Association, Pool #MA4900		3.50	12/20/47		58
	54	Government National Mortgage Association, Pool #778157		3.50	3/15/42		48
	59	Government National Mortgage Association, Pool #MA5136		3.50	4/20/48		53
	36	Government National Mortgage Association, Pool #MA1919		3.50	5/20/44		32
	101	Government National Mortgage Association, Pool #MA4196		3.50	1/20/47		90
	66	Government National Mortgage Association, Pool #MA4652		3.50	8/20/47		58
	238	Government National Mortgage Association, Pool #MA8266		3.50	9/20/52		208
	8	Government National Mortgage Association, Pool #766495		4.00	10/15/41		8
	30	Government National Mortgage Association, Pool #MA2602		4.00	2/20/45		28
	49	Government National Mortgage Association, Pool #MA1376		4.00	10/20/43		45
	65	Government National Mortgage Association, Pool #MA2224		4.00	9/20/44		60
	155	Government National Mortgage Association, Pool #5139		4.00	8/20/41		144
	54	Government National Mortgage Association, Pool #MA5595		4.00	11/20/48		50
	55	Government National Mortgage Association, Pool #MA2304		4.00	10/20/44		51
	8	Government National Mortgage Association, Pool #MA6040		4.00	7/20/49		8
	9	Government National Mortgage Association, Pool #779401		4.00	6/15/42		8
	13	Government National Mortgage Association, Pool #MA6155		4.00	9/20/49		12
	42	Government National Mortgage Association, Pool #MA5078		4.00	3/20/48		39
	14	Government National Mortgage Association, Pool #MA6091		4.00	8/20/49		12
	17	Government National Mortgage Association, Pool #MA5931		4.00	5/20/49		15
	483	Government National Mortgage Association, Pool #MA8267		4.00	9/20/52		435
	27	Government National Mortgage Association, Pool #MA3737		4.00	6/20/46		25
	12	Government National Mortgage Association, Pool #AV6086		4.00	7/15/47		11
	46	Government National Mortgage Association, Pool #MA0319		4.00	8/20/42		43
	90	Government National Mortgage Association, Pool #MA4587		4.00	7/20/47		82
	48	Government National Mortgage Association, Pool #MA4383		4.00	4/20/47		44
	35	Government National Mortgage Association, Pool #AM8203		4.00	5/15/45		32
	15	Government National Mortgage Association, Pool #MA3455		4.00	2/20/46		14
	42	Government National Mortgage Association, Pool #MA3377		4.00	1/20/46		39
	14	Government National Mortgage Association, Pool #MA5986		4.00	6/20/49		12
	25	Government National Mortgage Association, Pool #MA2149		4.00	8/20/44		23
	18	Government National Mortgage Association, Pool #738710		4.00	9/15/41		16
	26	Government National Mortgage Association, Pool #MA1286		4.00	9/20/43		24
	13	Government National Mortgage Association, Pool #MA3106		4.00	9/20/45		12
	76	Government National Mortgage Association, Pool #MA5466		4.00	9/20/48		70
	12	Government National Mortgage Association, Pool #MA5330		4.00	7/20/48		11

HC CAPITAL TRUST 

The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Principal Amount (000)		Security Description	Rate %		Maturity Date	Value (000)
		U.S. Government Agency Mortgages (continued)
$	50	Government National Mortgage Association, Pool #MA4511		4.00	6/20/47	$	46
	41	Government National Mortgage Association, Pool #MA5710		4.00	1/20/49		38
	15	Government National Mortgage Association, Pool #MA4322		4.00	3/20/47		14
	46	Government National Mortgage Association, Pool #MA2522		4.00	1/20/45		42
	27	Government National Mortgage Association, Pool #MA1996		4.00	6/20/44		25
	20	Government National Mortgage Association, Pool #MA0155		4.00	6/20/42		19
	11	Government National Mortgage Association, Pool #4922		4.00	1/20/41		10
	61	Government National Mortgage Association, Pool #MA1761		4.00	3/20/44		57
	73	Government National Mortgage Association, Pool #MA2074		4.00	7/20/44		68
	19	Government National Mortgage Association, Pool #AD5627		4.00	4/15/43		17
	75	Government National Mortgage Association, Pool #MA1839		4.00	4/20/44		69
	20	Government National Mortgage Association, Pool #753254		4.00	9/15/43		18
	41	Government National Mortgage Association, Pool #MA5876		4.00	4/20/49		38
	43	Government National Mortgage Association, Pool #MA4197		4.00	1/20/47		39
	35	Government National Mortgage Association, Pool #MA4263		4.00	2/20/47		33
	23	Government National Mortgage Association, Pool #MA3245		4.00	11/20/45		21
	389	Government National Mortgage Association, Pool #MA8200		4.00	8/20/52		351
	46	Government National Mortgage Association, Pool #MA3598		4.00	4/20/46		42
	18	Government National Mortgage Association, Pool #740068		4.00	9/15/40		17
	38	Government National Mortgage Association, Pool #MA1678		4.00	2/20/44		35
	8	Government National Mortgage Association, Pool #MA3174		4.00	10/20/45		7
	46	Government National Mortgage Association, Pool #AB1483		4.00	8/15/42		43
	79	Government National Mortgage Association, Pool #MA4452		4.00	5/20/47		73
	44	Government National Mortgage Association, Pool #713876		4.00	8/15/39		40
	50	Government National Mortgage Association, Pool #MA1449		4.00	11/20/43		46
	55	Government National Mortgage Association, Pool #MA4653		4.00	8/20/47		51
	7	Government National Mortgage Association, Pool #MA5987		4.50	6/20/49		6
	14	Government National Mortgage Association, Pool #MA4780		4.50	10/20/47		13
	51	Government National Mortgage Association, Pool #MA2756		4.50	4/20/45		48
	11	Government National Mortgage Association, Pool #729511		4.50	4/15/40		10
	393	Government National Mortgage Association, Pool #MA8724		4.50	3/20/53		363
	3	Government National Mortgage Association, Pool #MA5764		4.50	2/20/49		3
	9	Government National Mortgage Association, Pool #MA4129		4.50	12/20/46		8
	95	Government National Mortgage Association, Pool #717148		4.50	5/15/39		90
	12	Government National Mortgage Association, Pool #MA5711		4.50	1/20/49		11
	29	Government National Mortgage Association, Pool #MA4512		4.50	6/20/47		27
	17	Government National Mortgage Association, Pool #MA3805		4.50	7/20/46		16
	32	Government National Mortgage Association, Pool #MA5818		4.50	3/20/49		30
	12	Government National Mortgage Association, Pool #MA4721		4.50	9/20/47		11
	13	Government National Mortgage Association, Pool #738793		4.50	9/15/41		12
	5	Government National Mortgage Association, Pool #BB7097		4.50	8/15/47		5
	19	Government National Mortgage Association, Pool #MA1092		4.50	6/20/43		18
	10	Government National Mortgage Association, Pool #MA5399		4.50	8/20/48		9
	22	Government National Mortgage Association, Pool #MA5467		4.50	9/20/48		21
	5	Government National Mortgage Association, Pool #MA5529		4.50	10/20/48		5
	163	Government National Mortgage Association, Pool #721760		4.50	8/15/40		154
	58	Government National Mortgage Association, Pool #5260		4.50	12/20/41		55
	32	Government National Mortgage Association, Pool #MA0701		4.50	1/20/43		31
	218	Government National Mortgage Association, Pool #4801		4.50	9/20/40		207
	57	Government National Mortgage Association, Pool #MA1762		4.50	3/20/44		54
	40	Government National Mortgage Association, Pool #MA4384		4.50	4/20/47		38
	37	Government National Mortgage Association, Pool #MA5652		4.50	12/20/48		35
	376	Government National Mortgage Association, Pool #MA8151		4.50	7/20/52		347
	10	Government National Mortgage Association, Pool #MA5596		4.50	11/20/48		9
	570	Government National Mortgage Association, Pool #MA8877		4.50	5/20/53		526
	4	Government National Mortgage Association, Pool #MA5877		4.50	4/20/49		3
	35	Government National Mortgage Association, Pool #604285		5.00	5/15/33		35
	399	Government National Mortgage Association, Pool #MA9105		5.00	8/20/53		378
	9	Government National Mortgage Association, Pool #782468		5.00	11/15/38		9
	9	Government National Mortgage Association, Pool #MA5765		5.00	2/20/49		8
	5	Government National Mortgage Association, Pool #MA0465		5.00	10/20/42		5
	4	Government National Mortgage Association, Pool #MA5712		5.00	1/20/49		4
	9	Government National Mortgage Association, Pool #MA5530		5.00	10/20/48		9
	15	Government National Mortgage Association, Pool #675179		5.00	3/15/38		15
	395	Government National Mortgage Association, Pool #MA8800		5.00	4/20/53		374
	398	Government National Mortgage Association, Pool #MA9016		5.00	7/20/53		377
	391	Government National Mortgage Association, Pool #MA8647		5.00	2/20/53		368
	4	Government National Mortgage Association, Pool #MA5988		5.00	6/20/49		4

HC CAPITAL TRUST 

The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Principal Amount (000)			Security Description	Rate %			Maturity Date	Value (000)
			U.S. Government Agency Mortgages (continued)
$	9		Government National Mortgage Association, Pool #MA5080		5.00		3/20/48	$	9
	159		Government National Mortgage Association, Pool #4559		5.00		10/20/39		157
	33		Government National Mortgage Association, Pool #MA2076		5.00		7/20/44		33
	19		Government National Mortgage Association, Pool #MA4007		5.00		10/20/46		19
	75		Government National Mortgage Association, Pool #782523		5.00		11/15/35		72
	9		Government National Mortgage Association, Pool #MA5819		5.00		3/20/49		9
	4		Government National Mortgage Association, Pool #MA5653		5.00		12/20/48		3
	9		Government National Mortgage Association, Pool #MA5400		5.00		8/20/48		9
	10		Government National Mortgage Association, Pool #MA5933		5.00		5/20/49		10
	23		Government National Mortgage Association, Pool #712690		5.00		4/15/39		22
	45		Government National Mortgage Association, Pool #694531		5.00		11/15/38		44
	16		Government National Mortgage Association, Pool #MA5597		5.00		11/20/48		16
	199		Government National Mortgage Association, Pool #MA8948		5.50		6/20/53		193
	29		Government National Mortgage Association, Pool #510835		5.50		2/15/35		28
	246		Government National Mortgage Association, Pool #MA8801		5.50		4/20/53		239
	51		Government National Mortgage Association, Pool #783284		5.50		6/20/40		52
	7		Government National Mortgage Association, Pool #MA0466		5.50		10/20/42		7
	398		Government National Mortgage Association, Pool #MA9017		5.50		7/20/53		387
	6		Government National Mortgage Association, Pool #658181		5.50		11/15/36		5
	26		Government National Mortgage Association, Pool #781959		6.00		7/15/35		25
	29		Government National Mortgage Association, Pool #4245		6.00		9/20/38		29
	25		Government National Mortgage Association, Pool #4222		6.00		8/20/38		25
	8		Government National Mortgage Association, Pool #699237		6.50		9/15/38		7
	1,775		Government National Mortgage Association, 30 YR TBA		2.00		10/20/53		1,398
	150		Government National Mortgage Association, 30 YR TBA		2.50		10/20/53		122
	350		Government National Mortgage Association, 30 YR TBA		3.00		10/20/53		296
	175		Government National Mortgage Association, 30 YR TBA		3.50		10/20/53		153
	725		Government National Mortgage Association, 30 YR TBA		4.00		10/20/53		652
	50		Government National Mortgage Association, 30 YR TBA		4.50		11/20/53		46
	600		Government National Mortgage Association, 30 YR TBA		4.50		10/20/53		554
	125		Government National Mortgage Association, 30 YR TBA		5.00		11/20/51		118
	400		Government National Mortgage Association, 30 YR TBA		5.00		10/20/53		379
	750		Government National Mortgage Association, 30 YR TBA		5.50		10/20/53		727
	225		Government National Mortgage Association, 30 YR TBA		5.50		11/20/46		218
	1,100		Government National Mortgage Association, 30 YR TBA		6.00		10/20/53		1,089
	225		Government National Mortgage Association, 30 YR TBA		6.50		11/20/53		226
	250		Government National Mortgage Association, 30 YR TBA		6.50		10/20/53		251
			Total U.S. Government Agency Mortgages						171,343
			Corporate Bond — 0.10%
	225		PG&E Wildfire Recovery Funding LLC, Series A-5 (Electric Utilities)		5.10		6/1/52		201
			Total Corporate Bond						201
Shares
			Investment Company — 14.02%
	27,779,648		State Street Institutional Treasury Plus Money Market Fund, Trust Class		5.23	(b)			27,780
			Total Investment Company						27,780
			Total Investments Before TBA Sale Commitments						213,423
			(cost $245,515) — 107.72%
Principal Amount (000)
			TBA Sale Commitments (c) — (0.12)%
$	(50	)	Fannie Mae, 15 YR TBA		2.50		10/25/38		(44	)
	(50	)	Fannie Mae, 30 YR TBA		2.00		11/25/53		(38	)
	(200	)	Fannie Mae, 30 YR TBA		2.00		10/25/53		(152	)
			Total TBA Sale Commitments						(234	)
			Liabilities in excess of other assets — (7.60)%						(15,067	)
			Net Assets — 100.00%					$	198,122

Amounts designated as "—" are $0 or have been rounded to $0.

(a) The rate for certain asset-backed and mortgage-backed securities may vary based on factors relating to the pool of assets underlying the security. The rate disclosed is the rate in effect on September 30, 2023.

HC CAPITAL TRUST 

The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio 

Portfolio of Investments (concluded) — September 30, 2023 (Unaudited)

(b)	Annualized 7-day yield as of period-end.
(c)	Represents a "to be announced" transaction. The Portfolio has committed to sell securities for which all specific information is not available at this time.

TBA—To Be Announced purchase or sale commitment. Security is subject to delayed delivery

The following table reflects the percentage of total net assets of the Portfolio attributable to each Specialist Manager as of September 30, 2023.

The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio	Mellon Investments Corporation			HC Capital Solutions			Total
Asset Backed Securities		1.47	%		-			1.47	%
Collateralized Mortgage Obligations		5.65	%		-			5.65	%
U.S. Government Agency Mortgages		86.48	%		-			86.48	%
Corporate Bond		0.10	%		-			0.10	%
Investment Company		7.79	%		6.23	%		14.02	%
TBA Sale Commitments		-0.12	%		-			-0.12	%
Other Assets (Liabilities)		-7.49	%		-0.11	%		-7.60	%
Total Net Assets		93.88	%		6.12	%		100.00	%

Amounts designated as "—" indicate the Specialist Manager did not manage any holdings in that category.  

HC CAPITAL TRUST 

The Short-Term Municipal Bond Portfolio 

Portfolio of Investments — September 30, 2023 (Unaudited)

Principal Amount (000)		Security Description	Rate %			Maturity Date	Value (000)
		Municipal Bonds — 98.72%
		Alabama — 8.20%
$	1,130	Auburn University Revenue, Series A Continuously Callable @100		5.00		6/1/28	$	1,144
	2,315	City of Huntsville AL, GO, Series A		5.00		3/1/27		2,422
	2,025	County of Baldwin AL, GO Continuously Callable @100		5.00		5/1/25		2,052
								5,618
		Arizona — 9.67%
	990	Arizona Department of Transportation State Highway Fund Revenue		5.00		7/1/28		1,053
	1,645	Maricopa County High School District No. 214 Tolleson Union High School, GO, Series B		5.00		7/1/24		1,657
	2,475	Maricopa County Industrial Development Authority Revenue, Series D		5.00	(a)	1/1/46		2,529
	1,350	Maricopa County Unified School District No. 41 Gilbert, GO, Series C		5.00		7/1/25		1,377
								6,616
		Arkansas — 3.36%
	2,295	Rogers School District No. 30, GO Continuously Callable @100 (State Aid Withholding)		4.00		2/1/26		2,297
		District of Columbia — 0.74%
	500	District of Columbia, GO, Series D		5.00		6/1/24		504
		Georgia — 1.93%
	1,300	State of Georgia, GO, Series C		4.00		1/1/27		1,317
		Illinois — 4.23%
	1,900	Metropolitan Water Reclamation District of Greater Chicago, GO, Series C		5.00		12/1/24		1,921
	935	State of Illinois, GO, Series D		5.00		11/1/27		975
								2,896
		Indiana — 3.95%
	2,660	Indiana Finance Authority Revenue, Series A (Pre-Refunded/Escrowed to Maturity) (Pre-Refunded/Escrowed to Maturity)		5.00		3/1/39		2,699
		Iowa — 5.36%
	1,000	City of Ankeny IA, GO, Series A		5.00		6/1/25		1,020
	2,105	City of Dubuque IA, GO, Series A		2.00		6/1/24		2,079
	550	Linn-Mar Community School District, GO Continuously Callable @100 (BAM)		5.00		5/1/27		569
								3,668
		Kansas — 6.04%
	2,540	Kansas Development Finance Authority Revenue, Series D		5.00		4/1/25		2,583
	1,465	Riley County Unified School District No. 383 Manhattan-Ogden, GO, Series A (Pre-Refunded/Escrowed to Maturity) (Pre-Refunded/Escrowed to Maturity)		5.00		9/1/36		1,547
								4,130
		Maryland — 1.44%
	900	County of Baltimore MD, GO		5.00		3/1/31		987
		Massachusetts — 2.33%
	1,545	Massachusetts School Building Authority Revenue, Series A (Pre-Refunded/Escrowed to Maturity) (Pre-Refunded/Escrowed to Maturity)		5.00		2/15/49		1,594
		Michigan — 1.51%
	1,065	Michigan State Housing Development Authority Revenue, Series A-1 Continuously Callable @100		0.65		10/1/24		1,030
		Missouri — 1.63%
	1,100	Lindbergh School District, GO		4.00		3/1/27		1,112
		Nebraska — 3.09%
	2,060	Nebraska Public Power District Revenue, Series A		5.00		1/1/26		2,113
		New Jersey — 6.40%
	1,250	New Jersey Health Care Facilities Financing Authority Revenue, Series A Continuously Callable @100		5.00		7/1/30		1,288
	3,000	State of New Jersey, GO, Series A		5.00		6/1/26		3,091
								4,379
		New York — 3.51%
	650	New York City Transitional Finance Authority Future Tax Secured Revenue		5.00		11/1/23		651
	1,610	New York State Dormitory Authority Revenue, Series A-1		5.00		3/15/31		1,747
								2,398

HC CAPITAL TRUST 

The Short-Term Municipal Bond Portfolio 

Portfolio of Investments (concluded) — September 30, 2023 (Unaudited)

Principal Amount (000)		Security Description	Rate %			Maturity Date	Value (000)
		Municipal Bonds (continued)
		North Dakota — 2.00%
$	1,365	City of Bismarck ND, GO, Series Q		4.00		5/1/24	$	1,366
		Oregon — 3.87%
	1,320	City of Salem OR, GO		5.00		6/1/24		1,331
	1,250	Oregon State Lottery Revenue, Series A Continuously Callable @100		5.00		4/1/30		1,313
								2,644
		South Dakota — 3.04%
	1,905	South Dakota Conservancy District Revenue, Series B		5.00		8/1/30		2,076
		Texas — 7.51%
	1,550	City of Garland TX Electric Utility System Revenue, Series A		5.00		3/1/24		1,557
	1,015	Conroe Independent School District, GO (PSF-GTD)		5.00		2/15/25		1,029
	360	Dallas Area Rapid Transit Revenue, Series A		5.00		12/1/24		365
	1,150	Round Rock Independent School District, GO (PSF-GTD)		5.00		8/1/25		1,176
	1,000	Spring Branch Independent School District, GO (PSF-GTD)		5.00		2/1/25		1,016
								5,143
		Utah — 3.50%
	2,340	Alpine School District/UT, GO, Series A (SCH BD GTY)		4.00		3/15/29		2,391
		Virginia — 3.71%
	900	City of Fredericksburg VA, GO, Series A (State Aid Withholding)		5.00		10/1/29		978
	1,505	Hampton Roads Transportation Accountability Commission Revenue, Series A		5.00		7/1/26		1,556
								2,534
		Washington — 4.60%
	1,260	County of King WA, GO, Series B		5.00		7/1/25		1,287
	1,085	King County School District No. 405 Bellevue, GO (SCH BD GTY)		5.00		12/1/24		1,100
	750	State of Washington, GO, Series R-2022C		4.00		7/1/26		758
								3,145
		West Virginia — 3.08%
	2,130	Jefferson County Board of Education/WV, GO		2.00		6/1/24		2,104
		Wisconsin — 4.02%
	2,700	State of Wisconsin, GO Continuously Callable @100		5.00		5/1/29		2,749
		Total Municipal Bonds						67,510
Shares
		Investment Company — 0.32%
	221,682	State Street Institutional Treasury Plus Money Market Fund, Trust Class		5.23	(b)			222
		Total Investment Company						222
		Total Investments (cost $69,822) — 99.04%						67,732
		Other assets in excess of liabilities — 0.96%						658
		Net Assets — 100.00%					$	68,390

(a)	Interest rate is determined by the Remarketing Agent. The rate disclosed is the rate in effect on September 30, 2023.
(b)	Annualized 7-day yield as of period-end.

BAM—Build America Mutual

GO—General Obligation

PSF-GTD—Public School Fund Guaranteed

SCH BD GTY—School Board Guaranty

As of September 30, 2023, 100% of the Portfolio's net assets were managed by Breckinridge Capital Advisors, Inc.

HC CAPITAL TRUST 

The Intermediate Municipal Bond Portfolio 

Portfolio of Investments — September 30, 2023 (Unaudited)

Principal Amount (000)		Security Description	Rate %			Maturity Date	Value (000)
		Municipal Bonds — 95.00%
		Alabama — 2.03%
$	1,415	Alabama Special Care Facilities Financing Authority-Birmingham AL Revenue Continuously Callable @100		5.00		6/1/29	$	1,448
	1,675	Auburn University Revenue, Series A		5.00		6/1/26		1,729
	2,895	Black Belt Energy Gas District Revenue, Callable 9/1/31 @ 100.53		4.00	(a)	6/1/51		2,716
	1,500	Black Belt Energy Gas District Revenue, Series B, Callable 9/1/30 @ 100.32		5.25		12/1/53		1,538
	1,000	The Lower Alabama Gas District Revenue, Callable 9/1/25 @ 100.58		4.00	(a)	12/1/50		977
	1,000	Troy University Revenue, Series A (BAM)		5.00		11/1/26		1,028
								9,436
		Alaska — 0.33%
	1,495	State of Alaska, GO, Series A Continuously Callable @100		5.00		8/1/29		1,533
		Arizona — 2.54%
	1,685	City of Phoenix Civic Improvement Corp. Revenue, Series A Continuously Callable @100		5.00		7/1/32		1,835
	1,555	City of Phoenix Civic Improvement Corp. Revenue, Series B Continuously Callable @100 (AMT)		5.00		7/1/30		1,603
	1,000	Maricopa County Union High School District No. 210-Phoenix, GO		5.00		7/1/25		1,022
	1,215	Northern Arizona University Revenue, Series B (BAM)		5.00		6/1/26		1,252
	4,000	Salt River Project Agricultural Improvement & Power District Revenue, Series A Continuously Callable @100		5.00		12/1/36		4,052
	1,000	Salt Verde Financial Corp. Revenue		5.25		12/1/24		1,004
	1,015	State of Arizona Certificates of Participation, Series A		5.00		10/1/25		1,039
								11,807
		California — 1.53%
	2,460	Golden State Tobacco Securitization Corp. Revenue, Series A-1		5.00		6/1/26		2,550
	1,250	State of California, GO		5.00		8/1/24		1,265
	1,000	State of California, GO Continuously Callable @100		5.00		4/1/35		1,064
	2,000	State of California, GO Continuously Callable @100		5.00		9/1/33		2,227
								7,106
		Colorado — 3.71%
	1,225	Board of Governors of Colorado State University System Revenue, Series E-2 (State Intercept)		5.00		3/1/25		1,244
	1,750	City & County of Denver CO Airport System Revenue, Series A		5.00		11/15/23		1,753
	3,600	City & County of Denver CO Airport System Revenue, Series A (AMT)		5.00		12/1/25		3,648
	3,550	Colorado Health Facilities Authority Revenue, Series A		5.00		1/1/25		3,588
	2,970	Denver City & County School District No. 1, GO, Series A (State Aid Withholding)		5.50		12/1/25		3,081
	3,740	State of Colorado Certificates of Participation, Series M Continuously Callable @100		5.00		3/15/29		3,934
								17,248
		Connecticut — 0.92%
	1,085	Connecticut State Health & Educational Facilities Authority Revenue, Series B		5.00		12/1/26		1,117
	1,500	State of Connecticut Special Tax Revenue, Series D Continuously Callable @100		5.00		11/1/34		1,625
	465	State of Connecticut, GO, Series E Continuously Callable @100		5.00		9/15/32		496
	1,000	State of Connecticut, GO, Series A		4.00		1/15/29		1,023
								4,261
		Delaware — 0.15%
	620	Delaware Transportation Authority Revenue Continuously Callable @100		5.00		7/1/32		675
		District of Columbia — 2.08%
	1,500	District of Columbia Revenue		5.00		4/1/25		1,522
	1,000	District of Columbia, GO, Series D Continuously Callable @100		5.00		6/1/33		1,034
	2,075	Metropolitan Washington Airports Authority Aviation Revenue, Series A Continuously Callable @100 (AMT)		4.00		10/1/36		1,942
	2,000	Metropolitan Washington Airports Authority Aviation Revenue, Series A (AMT)		5.00		10/1/29		2,083
	2,815	Washington Metropolitan Area Transit Authority Dedicated Revenue, Series A		5.00		7/15/31		3,066
								9,647
		Florida — 3.75%
	2,000	Alachua County Health Facilities Authority Revenue, Callable 6/1/26 @ 100.00		5.00	(a)	12/1/37		2,027
	1,500	Central Florida Expressway Authority Revenue (AGM)		5.00		7/1/30		1,628
	1,500	County of Lee FL Solid Waste System Revenue (AMT)		5.00		10/1/25		1,521
	955	County of Polk FL Utility System Revenue		5.00		10/1/27		1,004
	1,000	Florida Municipal Power Agency Revenue, Series A		5.00		10/1/25		1,023
	2,030	JEA Electric System Revenue, Series 3A Continuously Callable @100		5.00		10/1/34		2,155

HC CAPITAL TRUST 

The Intermediate Municipal Bond Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Principal Amount (000)		Security Description	Rate %			Maturity Date	Value (000)
		Municipal Bonds (continued)
		Florida (continued)
$	3,250	Orange County Convention Center/Orlando Revenue, Series B		5.00		10/1/25	$	3,307
	3,295	Orlando Utilities Commission Revenue, Series 2018-A Continuously Callable @100		5.00		10/1/32		3,451
	1,200	State of Florida, GO, Series A		5.00		7/1/30		1,315
								17,431
		Georgia — 2.38%
	1,600	Development Authority for Fulton County Revenue, Series A		5.00		7/1/24		1,603
	5,000	Main Street Natural Gas, Inc. Revenue, Series C, Callable 6/1/26 @ 100.50		4.00	(a)	3/1/50		4,864
	1,000	Savannah Economic Development Authority Revenue		1.90		8/1/24		978
	1,000	State of Georgia, GO, Series A Continuously Callable @100		3.00		8/1/36		852
	1,225	State of Georgia, GO, Series C		4.00		1/1/28		1,251
	1,415	State of Georgia, GO, Series A		5.00		7/1/28		1,511
								11,059
		Illinois — 7.02%
	455	Chicago O'Hare International Airport Revenue, Series C (AMT)		5.00		1/1/32		470
	400	Chicago O'Hare International Airport Revenue, Series C Continuously Callable @100 (AMT)		5.00		1/1/33		411
	730	Chicago O'Hare International Airport Revenue, Series B Continuously Callable @100		5.00		1/1/28		737
	1,000	Chicago Park District, GO, Series B Continuously Callable @100		5.00		1/1/26		1,003
	66	City of Chicago IL Certificates of Participation, Series NT Continuously Callable @100		7.46		2/15/26		45
	1,000	City of Chicago IL Waterworks Revenue, Series 2017-2		5.00		11/1/24		1,007
	1,000	City of Chicago IL Waterworks Revenue Continuously Callable @100		5.00		11/1/25		1,004
	2,335	City of Chicago Il, GO, Series A Continuously Callable @100		4.00		1/1/36		2,171
	1,375	Illinois Finance Authority Revenue, Series B-2, Callable 5/15/26 @ 100.00		5.00	(a)	5/15/50		1,390
	1,635	Illinois State Toll Highway Authority Revenue, Series B		5.00		1/1/25		1,658
	3,035	Metropolitan Water Reclamation District of Greater Chicago, GO, Series A Continuously Callable @100		5.00		12/1/27		3,136
	1,725	Metropolitan Water Reclamation District of Greater Chicago, GO, Series B		5.00		12/1/24		1,747
	1,420	Metropolitan Water Reclamation District of Greater Chicago, GO, Series D		5.00		12/1/30		1,544
	2,000	Regional Transportation Authority Revenue (AGM)		6.00		6/1/25		2,026
	3,000	Sales Tax Securitization Corp. Revenue, Series A		5.00		1/1/29		3,126
	4,600	State of Illinois Sales Tax Revenue, Series A (BAM)		5.00		6/15/25		4,632
	1,000	State of Illinois, GO, Series D		5.00		7/1/27		1,031
	2,995	University of Illinois Certificates of Participation, Series B Continuously Callable @100		5.00		10/1/27		3,064
	2,400	University of Illinois Revenue, Series A		5.00		4/1/25		2,445
								32,647
		Indiana — 1.82%
	2,500	City of Whiting IN Revenue (AMT)		5.00	(a)	12/1/44		2,526
	2,250	Indiana Finance Authority Revenue, Series B, Callable 1/1/25 @ 100.00		2.25	(a)	12/1/58		1,965
	1,500	Indiana Finance Authority Revenue, Series A		3.13		12/1/24		1,475
	1,000	Indiana Finance Authority Revenue, Series A		5.00		11/1/24		1,006
	1,350	Indiana Finance Authority Revenue, Series A Continuously Callable @100		5.00		10/1/34		1,471
								8,443
		Iowa — 0.40%
	450	Iowa Tobacco Settlement Authority Revenue, Series A-2, Class - 1 Continuously Callable @100		5.00		6/1/32		482
	1,280	Waukee Community School District, GO, Series A Continuously Callable @100		5.00		6/1/32		1,399
								1,881
		Kentucky — 1.67%
	1,000	Kentucky Public Energy Authority Revenue, Series A, Callable 1/2/24 @ 100.40		4.00		4/1/24		1,001
	3,500	Kentucky Public Energy Authority Revenue, Series B, Callable 10/1/24 @ 100.24		4.00	(a)	1/1/49		3,455
	3,560	Kentucky Public Energy Authority Revenue, Series A-1, Callable 5/1/30 @ 100.38		4.00	(a)	8/1/52		3,320
								7,776
		Louisiana — 1.06%
	1,415	Jefferson Sales Tax District Revenue, Series A (AGM)		5.00		12/1/25		1,444
	2,500	Louisiana Offshore Terminal Authority Revenue		1.65	(a)	9/1/33		2,485
	1,000	Parish of St. John the Baptist LA Revenue		2.10	(a)	6/1/37		979
								4,908

HC CAPITAL TRUST 

The Intermediate Municipal Bond Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Principal Amount (000)		Security Description	Rate %			Maturity Date	Value (000)
		Municipal Bonds (continued)
		Maine— 0.22%
$	1,025	Finance Authority of Maine Revenue, Series A-1 (AGM)		5.00		12/1/26	$	1,041
		Maryland — 3.12%
	2,000	County of Baltimore MD, GO Continuously Callable @100		4.00		3/1/33		2,032
	860	County of Frederick MD, GO Continuously Callable @100		5.00		4/1/37		942
	1,190	County of Howard MD, GO, Series A Continuously Callable @100		5.00		8/15/34		1,322
	2,905	County of Montgomery MD, GO, Series A Continuously Callable @100		4.00		8/1/31		2,977
	2,090	Maryland State Transportation Authority Passenger Facility Charge Revenue (AMT)		5.00		6/1/28		2,182
	1,000	State of Maryland Department of Transportation Revenue Continuously Callable @100		4.00		10/1/32		999
	2,500	State of Maryland Department of Transportation Revenue Continuously Callable @100		5.00		10/1/32		2,723
	1,240	State of Maryland, GO, Series A Continuously Callable @100		5.00		3/15/31		1,344
								14,521
		Massachusetts — 1.77%
	780	Commonwealth of Massachusetts, GO, Series A Continuously Callable @100		5.00		5/1/35		863
	3,000	Commonwealth of Massachusetts, GO, Series A (AMBAC)		5.50		8/1/30		3,321
	1,000	Massachusetts Educational Financing Authority Revenue (AMT)		5.00		1/1/25		1,006
	1,400	Massachusetts Educational Financing Authority Revenue, Series B (AMT)		5.00		7/1/29		1,423
	1,500	Massachusetts Port Authority Revenue, Series A (AMT)		5.00		7/1/32		1,601
								8,214
		Michigan — 3.80%
	1,810	Great Lakes Water Authority Sewage Disposal System Revenue, Series B		5.00		7/1/24		1,824
	1,000	Michigan Finance Authority Revenue Continuously Callable @100		5.50		12/1/29		1,023
	1,100	Michigan Finance Authority Revenue		5.00		10/1/29		1,185
	1,280	Michigan Finance Authority Revenue, Series B		5.00		10/1/30		1,394
	6,000	Michigan Finance Authority Revenue, Callable 5/16/26 @ 100.00		5.00	(a)	11/15/44		6,090
	1,450	Michigan State Building Authority Revenue		5.00		4/15/25		1,475
	1,605	Michigan Strategic Fund Revenue (AMT)		5.00		6/30/25		1,606
	2,960	Utica Community Schools/MI, GO (Q-SBLF)		5.00		5/1/26		3,051
								17,648
		Minnesota — 2.47%
	1,000	Minneapolis-St Paul Metropolitan Airports Commission Revenue, Series C		5.00		1/1/26		1,025
	1,985	Minnesota Housing Finance Agency Revenue, Series B		5.00		8/1/28		2,099
	1,240	Minnesota Housing Finance Agency Revenue, Series B		5.00		8/1/29		1,322
	2,195	Minnesota Housing Finance Agency Revenue, Series B		5.00		8/1/30		2,363
	3,000	State of Minnesota, GO, Series B Continuously Callable @100		5.00		8/1/35		3,316
	1,260	State of Minnesota, GO, Series E		5.00		8/1/30		1,379
								11,504
		Missouri — 1.11%
	2,400	Health & Educational Facilities Authority of the State of Missouri Revenue, Series A		5.00		6/1/25		2,435
	2,505	The Curators of the University of Missouri Revenue, Series B		5.00		11/1/30		2,733
								5,168
		Nebraska — 0.76%
	1,000	City of Omaha NE Sewer Revenue, Series A Continuously Callable @100		4.00		4/1/31		1,017
	1,000	City of Omaha NE Sewer Revenue, Series A Continuously Callable @100		4.00		4/1/32		1,013
	1,350	Omaha Public Power District Revenue, Series B Continuously Callable @100		5.00		2/1/34		1,490
								3,520
		Nevada — 2.46%
	1,000	Clark County School District, GO, Series A		5.00		6/15/26		1,028
	2,915	Clark County School District, GO, Series A Continuously Callable @100 (AGM)		5.00		6/15/32		3,129
	5,435	Las Vegas Valley Water District, GO, Series C Continuously Callable @100		4.00		6/1/34		5,477
	800	Nevada System of Higher Education Certificates of Participation, Series A Continuously Callable @100		5.00		7/1/26		808
	1,000	State of Nevada Highway Improvement Revenue		5.00		12/1/24		1,016
								11,458
		New Jersey — 3.03%
	1,210	New Jersey Economic Development Authority Revenue		5.00		6/15/28		1,268
	430	New Jersey Economic Development Authority Revenue Continuously Callable @100		5.00		11/1/30		454
	1,000	New Jersey Economic Development Authority Revenue, Series RRR		5.00		3/1/28		1,041
	1,000	New Jersey Educational Facilities Authority Revenue, Series C		5.00		3/1/31		1,112
	1,725	New Jersey Higher Education Student Assistance Authority Revenue, Series B (AMT)		5.00		12/1/29		1,790

HC CAPITAL TRUST 

The Intermediate Municipal Bond Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Principal Amount (000)		Security Description	Rate %			Maturity Date	Value (000)
		Municipal Bonds (continued)
		New Jersey (continued)
$	1,000	New Jersey Transportation Trust Fund Authority Revenue, Series AA		5.00		6/15/30	$	1,067
	750	New Jersey Transportation Trust Fund Authority Revenue, Series AA Continuously Callable @100		5.00		6/15/36		790
	4,295	New Jersey Turnpike Authority Revenue, Series A Continuously Callable @100		5.00		1/1/31		4,389
	1,100	State of New Jersey, GO, Series A		4.00		6/1/31		1,106
	1,035	Tobacco Settlement Financing Corp. Revenue, Series A Continuously Callable @100		5.00		6/1/33		1,061
								14,078
		New Mexico — 0.80%
	1,025	Albuquerque Municipal School District No. 12, GO Continuously Callable @100 (State Aid Withholding)		5.00		8/1/29		1,085
	2,590	New Mexico Educational Assistance Foundation Revenue, Series 1-A (AMT)		5.00		9/1/25		2,627
								3,712
		New York — 7.14%
	5,000	City of New York NY, GO, Series C		5.00		8/1/28		5,302
	2,890	City of New York NY, GO, Series 1-A Continuously Callable @100		5.00		4/1/32		3,111
	1,700	Metropolitan Transportation Authority Revenue, Series B Continuously Callable @100		5.00		11/15/29		1,743
	3,000	New York City Municipal Water Finance Authority Revenue, Series DD Continuously Callable @100		5.00		6/15/34		3,307
	900	New York City Municipal Water Finance Authority Revenue, Series EE		5.00		6/15/29		967
	2,410	New York City Municipal Water Finance Authority Revenue, Series BB-2 Continuously Callable @100		5.00		6/15/27		2,459
	1,000	New York City Transitional Finance Authority Future Tax Secured Revenue, Series B-1 Continuously Callable @100		5.00		8/1/29		1,004
	855	New York City Transitional Finance Authority Future Tax Secured Revenue, Series E-1		5.00		11/1/28		912
	1,500	New York State Dormitory Authority Revenue, Series D		5.00		2/15/25		1,526
	1,000	New York State Dormitory Authority Revenue, Series A Continuously Callable @100		5.00		2/15/31		1,032
	4,710	New York State Thruway Authority Revenue, Series A Continuously Callable @100		5.00		3/15/35		5,118
	1,795	New York Transportation Development Corp. Revenue (AMT)		5.00		12/1/27		1,837
	4,970	Port Authority of New York & New Jersey Revenue, Series 207 Continuously Callable @100 (AMT)		4.00		3/15/30		4,880
								33,198
		North Carolina — 0.93%
	1,000	County of Wake NC Revenue		5.00		9/1/28		1,073
	1,100	County of Wake NC, GO, Series A		5.00		2/1/30		1,197
	1,000	North Carolina Turnpike Authority Revenue (AGM)		5.00		1/1/24		1,003
	1,000	The Charlotte-Mecklenburg Hospital Authority Revenue		5.00	(a)	1/15/50		1,054
								4,327
		Ohio — 3.71%
	2,200	American Municipal Power, Inc. Revenue, Series A Continuously Callable @100		5.00		2/15/27		2,204
	3,000	Buckeye Tobacco Settlement Financing Authority Revenue, Series A-2, Class - 1 Continuously Callable @100		5.00		6/1/32		3,175
	1,450	City of Columbus OH Sewerage Revenue Continuously Callable @100		5.00		6/1/29		1,501
	820	City of Columbus OH, GO, Series A Continuously Callable @100		5.00		8/15/34		913
	1,000	County of Butler OH Revenue, Series X		5.00		5/15/29		1,077
	360	County of Mahoning OH Revenue Continuously Callable @100 (NATL)		5.50		10/15/25		361
	800	County of Montgomery OH Revenue Continuously Callable @100		5.00		8/1/33		848
	500	State of Ohio Revenue, Series A Continuously Callable @100		5.00		1/1/30		524
	2,000	State of Ohio Revenue		2.75	(a)	1/1/52		1,894
	1,200	State of Ohio, GO, Series V		5.00		5/1/28		1,281
	700	University of Cincinnati Revenue, Series A		5.00		6/1/25		713
	1,850	University of Cincinnati Revenue, Series A		5.00		6/1/27		1,935
	775	University of Cincinnati Revenue, Series A		5.00		6/1/26		800
								17,226
		Oklahoma — 0.90%
	530	Oklahoma Municipal Power Authority Revenue, Series A Continuously Callable @100 (AGM)		4.00		1/1/32		539
	2,000	Oklahoma Turnpike Authority Revenue, Series A		5.00		1/1/30		2,165
	1,345	Oklahoma Water Resources Board Revenue		5.00		4/1/32		1,496
								4,200

HC CAPITAL TRUST 

The Intermediate Municipal Bond Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Principal Amount (000)		Security Description	Rate %			Maturity Date	Value (000)
		Municipal Bonds (continued)
		Oregon — 1.89%
$	1,305	Benton & Linn Counties Consolidated School District No. 509J & 509A Corvallis, GO, Series A (SCH BD GTY)		5.00	(a)	6/15/25	$	1,332
	2,500	Multnomah County School District No. 1 Portland/OR, GO (SCH BD GTY)		5.00		6/15/29		2,693
	2,500	Port of Portland OR Airport Revenue, Series 29 Continuously Callable @100 (AMT)		5.00		7/1/35		2,584
	2,000	Portland Community College District, GO Continuously Callable @100		5.00		6/15/35		2,199
								8,808
		Pennsylvania — 5.52%
	1,000	City of Philadelphia PA Water & Wastewater Revenue, Series B (AGM)		5.00		9/1/29		1,071
	1,000	City of Philadelphia PA Water & Wastewater Revenue, Series B		5.00		11/1/27		1,051
	2,600	City of Philadelphia PA, GO, Series B Continuously Callable @100		5.00		2/1/30		2,766
	1,735	City of Philadelphia PA, GO, Series B Continuously Callable @100		5.00		2/1/31		1,842
	1,000	Commonwealth Financing Authority Revenue Continuously Callable @100		5.00		6/1/32		1,034
	850	Easton Area School District, GO, Series A (State Aid Withholding)		4.00		4/1/25		853
	1,860	Luzerne County Industrial Development Authority Revenue, Callable 12/3/29 @ 100.00 (AMT)		2.45	(a)	12/1/39		1,626
	2,500	Pennsylvania Economic Development Financing Authority Revenue (AMT)		0.00	(a)(b)	7/1/41		2,455
	3,625	Pennsylvania Economic Development Financing Authority Revenue Continuously Callable @100 (AMT)		5.00		12/31/33		3,770
	1,000	Pennsylvania Higher Education Assistance Agency Revenue, Series A (AMT)		5.00		6/1/29		1,036
	4,075	Pennsylvania Higher Education Assistance Agency Revenue, Series A (AMT)		5.00		6/1/30		4,155
	625	Pennsylvania Turnpike Commission Revenue, Series B		5.00		12/1/28		664
	3,225	The School District of Philadelphia, GO, Series A (State Aid Withholding)		5.00		9/1/28		3,354
								25,677
		Rhode Island — 0.56%
	625	Rhode Island Student Loan Authority Revenue, Series A (AMT)		5.00		12/1/29		660
	1,875	Rhode Island Student Loan Authority Revenue, Series A (AMT)		5.00		12/1/29		1,956
								2,616
		South Carolina — 1.43%
	3,680	County of Charleston SC, GO, Series A (State Aid Withholding)		5.00		11/1/26		3,828
	1,000	Piedmont Municipal Power Agency Revenue, Series B		5.00		1/1/29		1,029
	1,000	South Carolina Public Service Authority Revenue, Series A		5.00		12/1/31		1,090
	680	South Carolina Public Service Authority Revenue, Series A		5.00		12/1/27		717
								6,664
		South Dakota — 0.38%
	1,675	South Dakota Board of Regents Housing & Auxiliary Facilities System Revenue Continuously Callable @100		5.00		4/1/29		1,751
		Tennessee — 1.40%
	1,215	County of Hamblen TN, GO		5.00		5/1/29		1,307
	1,235	Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd Revenue		5.00		5/1/31		1,313
	1,000	Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd Revenue Continuously Callable @100		5.00		5/1/35		1,053
	1,350	Metropolitan Government of Nashville & Davidson County TN, GO Continuously Callable @100		4.00		7/1/33		1,365
	1,500	Tennessee Energy Acquisition Corp. Revenue, Callable 8/1/25 @ 100.22		4.00	(a)	11/1/49		1,467
								6,505
		Texas — 12.86%
	2,000	Aldine Independent School District, GO (PSF-GTD)		5.00		2/15/25		2,031
	1,230	Arlington Higher Education Finance Corp. Revenue (PSF-GTD)		5.00		8/15/28		1,297
	1,025	Arlington Higher Education Finance Corp. Revenue (PSF-GTD)		5.00		8/15/27		1,071
	2,450	City of Dallas TX, GO Continuously Callable @100		5.00		2/15/27		2,479
	2,500	City of Houston TX Airport System Revenue, Series C (AMT)		5.00		7/1/25		2,508
	1,550	City of Missouri City TX, GO Continuously Callable @100		5.00		6/15/30		1,609
	300	City of Pearland TX, GO Continuously Callable @100		5.00		3/1/29		315
	1,000	City of San Antonio TX Airport System Revenue, Series A (AMT)		5.00		7/1/26		1,024
	1,750	City of San Antonio TX Airport System Revenue, Series A (AMT)		5.00		7/1/25		1,775
	1,300	City of San Antonio TX Electric & Gas Systems Revenue, Series B		4.00		2/1/33		1,307
	950	Clifton Higher Education Finance Corp. Revenue, Series T Continuously Callable @100 (PSF-GTD)		4.00		8/15/34		924
	2,200	Clifton Higher Education Finance Corp. Revenue (PSF-GTD)		5.00		8/15/25		2,241
	1,205	Clifton Higher Education Finance Corp. Revenue (PSF-GTD)		5.00		8/15/24		1,215
	1,250	Conroe Independent School District, GO Continuously Callable @100 (PSF-GTD)		5.00		2/15/30		1,273
	1,750	County of Harris TX Revenue Continuously Callable @100		5.00		8/15/34		1,769
	1,545	County of Harris TX Revenue, Series A Continuously Callable @100		5.00		8/15/30		1,585

HC CAPITAL TRUST 

The Intermediate Municipal Bond Portfolio 

Portfolio of Investments (continued) — September 30, 2023 (Unaudited)

Principal Amount (000)		Security Description	Rate %			Maturity Date	Value (000)
		Municipal Bonds (continued)
		Texas (continued)
$	4,730	Dallas Area Rapid Transit Revenue Continuously Callable @100		5.00		12/1/33	$	5,041
	2,500	Dallas Independent School District, GO, Series A Continuously Callable @100 (PSF-GTD)		5.00		2/15/27		2,535
	1,650	Harris County Cultural Education Facilities Finance Corp. Revenue		5.00		11/15/25		1,684
	2,100	Harris County Cultural Education Facilities Finance Corp. Revenue		5.00		11/15/27		2,209
	1,500	Harris County Cultural Education Facilities Finance Corp. Revenue Continuously Callable @100		5.00		10/1/27		1,535
	1,220	Love Field Airport Modernization Corp. Revenue Continuously Callable @100		5.00		11/1/28		1,198
	2,300	Love Field Airport Modernization Corp. Revenue (AMT)		5.00		11/1/25		2,307
	1,000	Lower Colorado River Authority Revenue		5.00		5/15/26		1,028
	1,090	Lower Colorado River Authority Revenue (AGM)		5.00		5/15/29		1,157
	2,180	Lower Colorado River Authority Revenue Continuously Callable @100		5.00		5/15/32		2,322
	1,000	Lower Colorado River Authority Revenue Continuously Callable @100 (AGM)		5.00		5/15/34		1,089
	3,475	McKinney Independent School District, GO, Series A Continuously Callable @100 (PSF-GTD)		5.00		2/15/31		3,522
	250	North Texas Tollway Authority Revenue, Series A Continuously Callable @100		5.00		1/1/25		251
	1,335	Spring Independent School District, GO		5.00		8/15/30		1,453
	2,000	Tarrant County Cultural Education Facilities Finance Corp. Revenue, Series A, Callable 1/1/32 @ 100.00		5.00	(a)	7/1/53		2,089
	2,230	University of Houston Revenue, Series C Continuously Callable @100		5.00		2/15/28		2,276
	1,200	Waller Consolidated Independent School District, GO (BAM)		5.00		2/15/33		1,312
	1,300	West Harris County Regional Water Authority Revenue		5.00		12/15/27		1,360
	1,000	West Travis County Public Utility Agency Revenue (BAM)		5.00		8/15/26		1,031
								59,822
		Utah — 0.24%
	1,090	Utah Transit Authority Revenue		5.00		12/15/26		1,135
		Virginia — 1.71%
	1,215	City of Chesapeake VA, GO, Series A Continuously Callable @100		5.00		8/1/31		1,281
	1,500	City of Richmond VA Public Utility Revenue Continuously Callable @100		5.00		1/15/29		1,558
	1,000	Fairfax County Industrial Development Authority Revenue, Series A		5.00		5/15/24		1,007
	850	Hampton Roads Transportation Accountability Commission Revenue, Series A Continuously Callable @100		5.00		7/1/31		929
	1,065	Loudoun County Economic Development Authority Revenue, Series A		5.00		12/1/27		1,127
	1,000	Roanoke Economic Development Authority Revenue		5.00		7/1/25		1,024
	1,000	Virginia Public Building Authority Revenue, Series B (AMT)		5.00		8/1/24		1,007
								7,933
		Washington — 4.18%
	1,370	King County School District No. 401 Highline, GO Continuously Callable @100 (SCH BD GTY)		5.00		12/1/31		1,414
	1,050	King County School District No. 405 Bellevue, GO Continuously Callable @100 (SCH BD GTY)		5.00		12/1/29		1,115
	1,250	King County School District No. 410 Snoqualmie Valley, GO Continuously Callable @100 (SCH BD GTY)		5.00		12/1/27		1,312
	1,500	Port of Seattle WA Revenue (AMT)		5.00		4/1/26		1,525
	1,555	Port of Seattle WA Revenue Continuously Callable @100 (AMT)		5.00		8/1/33		1,632
	7,065	State of Washington, GO, Series R-2017A Continuously Callable @100		5.00		8/1/32		7,276
	790	State of Washington, GO, Series C		5.00		2/1/32		872
	1,300	State of Washington, GO, Series C Continuously Callable @100		5.00		2/1/33		1,422
	1,250	Washington Health Care Facilities Authority Revenue, Series B		5.00		10/1/25		1,259
	1,600	Washington Health Care Facilities Authority Revenue, Series B1, Callable 2/1/24 @ 100.00		5.00	(a)	8/1/49		1,598
								19,425
		Wisconsin — 1.22%
	3,455	Public Finance Authority Revenue, Series A-2		3.70	(a)	10/1/46		3,314
	1,225	University of Wisconsin Hospitals & Clinics Revenue, Series A		5.00		4/1/26		1,261
	1,100	Wisconsin Health & Educational Facilities Authority Revenue		4.00		11/15/26		1,102
								5,677
		Total Municipal Bonds						441,686

HC CAPITAL TRUST 

The Intermediate Municipal Bond Portfolio 

Portfolio of Investments (concluded) — September 30, 2023 (Unaudited)

Shares		Security Description	Rate %	Value (000)
		Investment Companies — 3.80%
	140,938	BlackRock California Municipal Income Trust		$	1,451
	2,975,513	BlackRock Liquidity Funds MuniCash			2,976
	103,574	BlackRock Municipal Income Fund, Inc.			1,051
	70,474	BlackRock MuniYield Fund, Inc.			647
	112,779	BlackRock MuniYield Quality Fund III, Inc.			1,077
	71,012	DTF Tax-Free Income 2028 Term Fund, Inc.			758
	129,929	DWS Municipal Income Trust			1,000
	149,822	Eaton Vance California Municipal Bond Fund			1,217
	97,484	Eaton Vance Municipal Bond Fund			873
	101,260	Federated Hermes Premier Municipal Income Fund			970
	60,560	Invesco Quality Municipal Income Trust			508
	181,653	MFS High Income Municipal Trust			567
	266,347	MFS High Yield Municipal Trust			834
	99,497	Nuveen AMT-Free Quality Municipal Income Fund			963
	63,013	Nuveen Municipal Credit Income Fund			657
	88,986	Nuveen Quality Municipal Income Fund			902
	39,879	Pioneer Municipal High Income Advantage Fund, Inc.			268
	64,655	Pioneer Municipal High Income Opportunities Fund, Inc.			617
	36,627	Western Asset Managed Municipals Fund, Inc.			327
		Total Investment Companies			17,663
		Total Investments (cost $488,970) — 98.80%			459,349
		Other assets in excess of liabilities — 1.20%			5,569
		Net Assets — 100.00%		$	464,918

(a)	Interest rate is determined by the Remarketing Agent. The rate disclosed is the rate in effect on September 30, 2023.
(b)	Zero Coupon Security. Effective rate shown is as of September 30, 2023.

AGM—Assured Guaranty Municipal Corporation

AMBAC—American Municipal Bond Assurance Corporation

AMT—Alternative Minimum Tax

BAM—Build America Mutual

GO—General Obligation

PSF-GTD—Public School Fund Guaranteed

Q-SBLF—Qualified School Bond Loan Fund

SCH BD GTY—School Board Guaranty

The following table reflects the percentage of total net assets of the Portfolio attributable to each Specialist Manager as of September 30, 2023.

The Intermediate Term Municipal Bond Portfolio	Insight North America LLC			Breckinridge Capital Advisors, Inc			City of London Investment Management, Limited			HC Capital Solutions			Total
Municipal Bonds		84.24	%		10.76	%		-			-			95.00	%
Investment Company		0.07	%		-			3.16	%		0.57	%		3.80	%
Other Assets (Liabilities)		1.06	%		0.13	%		0.09	%		-0.08	%		1.20	%
Total Net Assets		85.37	%		10.89	%		3.25	%		0.49	%		100.00	%

Amounts designated as "—" indicate the Specialist Manager did not manage any holdings in that category.