NPORT-EX 2 46300_0000934563.htm
HC
CAPITAL
TRUST
The
Value
Equity
Portfolio
Portfolio
of
Investments
—
March
31,
2024
(Unaudited)
1
Shares
Security
Description
Value
(000)
Common
Stocks
—
99
.48
%
Aerospace
&
Defense
—
1
.58
%
3,065
HEICO
Corp.
.....................
$
585
1,057
L3Harris
Technologies,
Inc.
..........
225
5,411
Lockheed
Martin
Corp.
..............
2,461
747
Northrop
Grumman
Corp.
............
358
18,437
RTX
Corp.
.......................
1,798
5,412
The
Boeing
Co.
(a)
.................
1,044
4,420
TransDigm
Group,
Inc.
..............
5,445
11,916
Air
Freight
&
Logistics
—
0
.53
%
305
Expeditors
International
of
Washington,
Inc.
37
4,786
FedEx
Corp.
.....................
1,387
1,886
GXO
Logistics,
Inc.
(a)
..............
101
16,845
United
Parcel
Service,
Inc.
,
Class
-
B
....
2,504
4,029
Automobile
Components
—
0
.37
%
585
Gentex
Corp.
.....................
21
12,500
Lear
Corp.
.......................
1,812
75,708
QuantumScape
Corp.
(a)
.............
476
37,827
The
Goodyear
Tire
&
Rubber
Co.
(a)
....
519
2,828
Automobiles
—
0
.76
%
32,635
Tesla,
Inc.
(a)
.....................
5,737
Banks
—
3
.66
%
225,733
Bank
of
America
Corp.
..............
8,560
16,687
Bank
OZK
.......................
759
7,844
Citigroup,
Inc.
....................
496
1,826
Citizens
Financial
Group,
Inc.
.........
66
5,616
Columbia
Banking
System,
Inc.
.......
109
15,989
Comerica,
Inc.
....................
879
688
Commerce
Bancshares,
Inc.
..........
37
1,552
Cullen/Frost
Bankers,
Inc.
............
175
3,013
East
West
Bancorp,
Inc.
.............
238
13,076
Fifth
Third
Bancorp
................
487
591
First
Citizens
BancShares,
Inc.
,
Class
-
A
.
966
6,815
First
Hawaiian,
Inc.
................
150
41,225
Huntington
Bancshares,
Inc.
..........
575
43,881
JPMorgan
Chase
&
Co.
.............
8,789
3,497
M&T
Bank
Corp.
..................
509
42,174
Synovus
Financial
Corp.
.............
1,689
8,270
The
PNC
Financial
Services
Group,
Inc.
.
1,336
13,406
Wells
Fargo
&
Co.
.................
777
16,779
Western
Alliance
Bancorp
............
1,077
27,674
Beverages
—
1
.60
%
4,600
Brown-Forman
Corp.
,
Class
-
B
.......
237
2,846
Constellation
Brands,
Inc.
,
Class
-
A
....
773
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Beverages
(continued)
6,891
Keurig
Dr.
Pepper,
Inc.
..............
$
211
9,060
Monster
Beverage
Corp.
(a)
...........
537
28,839
PepsiCo,
Inc.
.....................
5,047
85,987
The
Coca-Cola
Co.
.................
5,262
12,067
Biotechnology
—
2
.13
%
34,760
AbbVie,
Inc.
.....................
6,330
2,223
Alnylam
Pharmaceuticals,
Inc.
(a)
......
332
14,171
Amgen,
Inc.
......................
4,029
17,938
United
Therapeutics
Corp.
(a)
.........
4,121
3,143
Vertex
Pharmaceuticals,
Inc.
(a)
........
1,314
16,126
Broadline
Retail
—
3
.85
%
154,380
Amazon.com,
Inc.
(a)
...............
27,847
15,760
eBay,
Inc.
.......................
832
5,126
Ollie's
Bargain
Outlet
Holdings,
Inc.
(a)
..
408
29,087
Building
Products
—
0
.78
%
10,045
A.O.
Smith
Corp.
..................
899
21,311
Carrier
Global
Corp.
................
1,239
13,273
Johnson
Controls
International
PLC
.....
867
6,549
Masco
Corp.
.....................
517
7,831
Trane
Technologies
PLC
.............
2,350
5,872
Capital
Markets
—
2
.81
%
4,496
Affiliated
Managers
Group,
Inc.
.......
753
2,506
Ameriprise
Financial,
Inc.
............
1,099
2,656
Ares
Management
Corp.
,
Class
-
A
.....
353
4,582
BlackRock,
Inc.
...................
3,820
1,669
CME
Group,
Inc.
..................
359
7,651
Coinbase
Global,
Inc.
,
Class
-
A
(a)
.....
2,028
4,721
Evercore,
Inc.
....................
909
16,955
Franklin
Resources,
Inc.
.............
477
2,293
Interactive
Brokers
Group,
Inc.
........
256
3,061
Intercontinental
Exchange,
Inc.
........
421
9,972
Invesco
Ltd.
......................
165
17,093
Jefferies
Financial
Group,
Inc.
.........
754
9,493
KKR
&
Co.,
Inc.
..................
955
20,369
Morgan
Stanley
...................
1,918
686
Morningstar,
Inc.
..................
212
1,887
Nasdaq,
Inc.
.....................
119
269
S&P
Global,
Inc.
..................
114
7,695
State
Street
Corp.
..................
595
7,780
T.
Rowe
Price
Group,
Inc.
............
949
25,629
The
Charles
Schwab
Corp.
...........
1,854
2
HC
CAPITAL
TRUST
The
Value
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Capital
Markets
(continued)
7,506
The
Goldman
Sachs
Group,
Inc.
.......
$
3,135
21,245
Chemicals
—
1
.49
%
7,464
Air
Products
and
Chemicals,
Inc.
.......
1,808
4,923
Axalta
Coating
Systems
Ltd.
(a)
........
169
1,640
Celanese
Corp.
....................
282
30,439
CF
Industries
Holdings,
Inc.
..........
2,532
9,311
Corteva,
Inc.
.....................
537
9,217
Dow,
Inc.
.......................
534
13,063
DuPont
de
Nemours,
Inc.
............
1,002
2,671
Linde
PLC
.......................
1,240
7,173
LyondellBasell
Industries
N.V.
,
Class
-
A
.
734
24,876
Olin
Corp.
.......................
1,463
6,716
PPG
Industries,
Inc.
................
973
11,274
Commercial
Services
&
Supplies
—
1
.51
%
11,948
Clean
Harbors,
Inc.
(a)
..............
2,405
109,396
Copart,
Inc.
(a)
....................
6,337
1,577
RB
Global,
Inc.
...................
120
1,270
Republic
Services,
Inc.
..............
243
2,747
Stericycle,
Inc.
(a)
..................
145
1,167
Veralto
Corp.
.....................
103
9,682
Waste
Management,
Inc.
.............
2,064
11,417
Communications
Equipment
—
0
.63
%
90,637
Cisco
Systems,
Inc.
................
4,523
774
Motorola
Solutions,
Inc.
.............
275
4,798
Construction
&
Engineering
—
0
.10
%
3,578
AECOM
........................
351
841
Arcosa,
Inc.
......................
72
1,151
Quanta
Services,
Inc.
...............
299
722
Construction
Materials
—
0
.20
%
1,351
Martin
Marietta
Materials,
Inc.
........
829
2,578
Vulcan
Materials
Co.
...............
704
1,533
Consumer
Finance
—
1
.27
%
20,855
American
Express
Co.
..............
4,748
20,025
Capital
One
Financial
Corp.
..........
2,982
6,409
Discover
Financial
Services
..........
840
14,450
OneMain
Holdings,
Inc.
.............
738
44,363
SoFi
Technologies,
Inc.
^
(a)
...........
324
9,632
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Consumer
Staples
Distribution
&
Retail
—
2
.02
%
3,254
Casey's
General
Stores,
Inc.
..........
$
1,036
3,889
Costco
Wholesale
Corp.
.............
2,849
952
Dollar
General
Corp.
...............
149
4,169
Dollar
Tree,
Inc.
(a)
.................
555
9,412
Sysco
Corp.
......................
764
17,745
Target
Corp.
.....................
3,145
9,040
The
Kroger
Co.
...................
516
104,343
Walmart,
Inc.
.....................
6,279
15,293
Containers
&
Packaging
—
0
.35
%
262
AptarGroup,
Inc.
..................
38
27
Avery
Dennison
Corp.
..............
6
22,939
Ball
Corp.
.......................
1,544
10,608
International
Paper
Co.
..............
414
2,050
Packaging
Corp.
of
America
..........
389
2,320
Silgan
Holdings,
Inc.
...............
113
2,452
Sonoco
Products
Co.
...............
142
2,646
Distributors
—
0
.08
%
3,827
Genuine
Parts
Co.
.................
593
Diversified
Consumer
Services
—
0
.08
%
7,498
H&R
Block,
Inc.
..................
368
3,097
Service
Corp.
International
...........
230
598
Diversified
Telecommunication
Services
—
0
.27
%
4,671
GCI
Liberty,
Inc.
(a)
(b)
..............
–
48,780
Verizon
Communications,
Inc.
.........
2,047
2,047
Electric
Utilities
—
1
.40
%
1,604
Alliant
Energy
Corp.
...............
81
30,034
American
Electric
Power
Co.,
Inc.
......
2,586
3,035
Constellation
Energy
Corp.
...........
561
7,685
Duke
Energy
Corp.
.................
743
1,914
Edison
International
................
135
9,746
Eversource
Energy
.................
583
9,106
Exelon
Corp.
.....................
342
70,548
Hawaiian
Electric
Industries,
Inc.
......
795
35,480
NextEra
Energy,
Inc.
...............
2,268
32,159
The
Southern
Co.
..................
2,307
4,017
Xcel
Energy,
Inc.
..................
216
10,617
Electrical
Equipment
—
0
.94
%
3,350
AMETEK,
Inc.
...................
613
12,355
Eaton
Corp.
PLC
..................
3,863
16,658
Emerson
Electric
Co.
...............
1,889
3
HC
CAPITAL
TRUST
The
Value
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Electrical
Equipment
(continued)
3,984
Regal
Rexnord
Corp.
...............
$
718
7,083
Electronic
Equipment,
Instruments
&
Components
—
0
.02
%
1,050
Keysight
Technologies,
Inc.
(a)
........
164
Energy
Equipment
&
Services
—
0
.59
%
26,930
Halliburton
Co.
...................
1,062
6,095
Helmerich
&
Payne,
Inc.
.............
256
23,556
Patterson-UTI
Energy,
Inc.
...........
281
42,009
Schlumberger
N.V.
.................
2,303
21,429
TechnipFMC
PLC
.................
538
4,440
Entertainment
—
0
.99
%
430
Atlanta
Braves
Holdings,
Inc.
(a)
.......
17
14,871
Liberty
Media
Corp.-Liberty
Formula
One
(a)
.....................
976
636
Liberty
Media
Corp.-Liberty
Live
(a)
....
28
4,935
Netflix,
Inc.
(a)
....................
2,997
28,322
The
Walt
Disney
Co.
...............
3,465
7,483
Financial
Services
—
3
.70
%
8,213
Apollo
Global
Management,
Inc.
.......
924
23,877
Berkshire
Hathaway,
Inc.
,
Class
-
B
(a)
...
10,042
14,613
Equitable
Holdings,
Inc.
.............
555
3,316
Fiserv,
Inc.
(a)
.....................
530
4,425
Global
Payments,
Inc.
...............
591
18,311
Mastercard,
Inc.
,
Class
-
A
...........
8,818
23,246
Visa,
Inc.
,
Class
-
A
................
6,487
43
WEX,
Inc.
(a)
.....................
10
27,957
Food
Products
—
0
.66
%
13,782
Archer-Daniels-Midland
Co.
..........
866
3,437
Campbell
Soup
Co.
................
153
16,807
Conagra
Brands,
Inc.
...............
498
5,689
Flowers
Foods,
Inc.
................
135
12,760
General
Mills,
Inc.
.................
894
2,450
Hormel
Foods
Corp.
................
85
10,284
Kellanova
.......................
589
9,502
Mondelez
International,
Inc.
,
Class
-
A
...
665
1,277
Post
Holdings,
Inc.
(a)
...............
136
1,964
The
Hershey
Co.
..................
382
13,887
The
Kraft
Heinz
Co.
................
512
2,571
WK
Kellogg
Co.
..................
48
4,963
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Gas
Utilities
—
0
.01
%
808
Atmos
Energy
Corp.
................
$
96
Ground
Transportation
—
1
.21
%
4,011
CSX
Corp.
.......................
149
2,655
Knight-Swift
Transportation
Holdings,
Inc.
146
5,345
Norfolk
Southern
Corp.
.............
1,362
2,558
Old
Dominion
Freight
Line,
Inc.
.......
561
1,886
RXO,
Inc.
(a)
.....................
41
7,527
Ryder
System,
Inc.
.................
905
13,196
Uber
Technologies,
Inc.
(a)
...........
1,016
2,943
U-Haul
Holding
Co.
................
196
327
U-Haul
Holding
Co.
(a)
..............
22
18,473
Union
Pacific
Corp.
................
4,543
1,886
XPO,
Inc.
(a)
.....................
230
9,171
Health
Care
Equipment
&
Supplies
—
2
.14
%
48,674
Abbott
Laboratories
................
5,533
5,533
Align
Technology,
Inc.
(a)
............
1,814
4,797
Becton
Dickinson
&
Co.
.............
1,187
5,314
Dexcom,
Inc.
(a)
...................
737
9,953
Edwards
Lifesciences
Corp.
(a)
........
951
1,648
Enovis
Corp.
(a)
...................
103
19,348
Envista
Holdings
Corp.
(a)
............
414
2,648
GE
HealthCare
Technologies,
Inc.
......
241
9,518
ICU
Medical,
Inc.
(a)
...............
1,021
1,653
IDEXX
Laboratories,
Inc.
(a)
..........
893
2,647
Intuitive
Surgical,
Inc.
(a)
............
1,056
74
Medtronic
PLC
...................
6
26,890
Novocure
Ltd.
(a)
..................
420
1,434
Penumbra,
Inc.
(a)
..................
320
1,498
STERIS
PLC
.....................
337
22,278
Tandem
Diabetes
Care,
Inc.
(a)
.........
789
1,671
Teleflex,
Inc.
.....................
378
16,200
Health
Care
Providers
&
Services
—
2
.85
%
3,127
Cencora,
Inc.
.....................
760
24,101
Centene
Corp.
(a)
..................
1,891
14,322
CVS
Health
Corp.
.................
1,142
4,252
Elevance
Health,
Inc.
...............
2,205
4,756
HCA
Healthcare,
Inc.
...............
1,586
2,789
Humana,
Inc.
.....................
967
2,131
Laboratory
Corp.
of
America
Holdings
...
466
4,072
McKesson
Corp.
..................
2,186
992
Molina
Healthcare,
Inc.
(a)
...........
408
2,928
Quest
Diagnostics,
Inc.
..............
390
11,241
The
Cigna
Group
..................
4,083
11,048
UnitedHealth
Group,
Inc.
............
5,465
21,549
4
HC
CAPITAL
TRUST
The
Value
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Health
Care
REITs
—
0
.07
%
5,701
Welltower,
Inc.
....................
$
533
Health
Care
Technology
—
0
.40
%
20,543
Teladoc
Health,
Inc.
(a)
..............
310
11,861
Veeva
Systems,
Inc.
,
Class
-
A
(a)
.......
2,748
3,058
Hotel
&
Resort
REITs
—
0
.06
%
24,850
Park
Hotels
&
Resorts,
Inc.
...........
435
Hotels,
Restaurants
&
Leisure
—
2
.04
%
3,359
Airbnb,
Inc.
,
Class
-
A
(a)
............
554
7,828
Caesars
Entertainment,
Inc.
(a)
.........
342
2,249
Darden
Restaurants,
Inc.
.............
376
23,594
DraftKings,
Inc.
(a)
.................
1,071
148
Hilton
Worldwide
Holdings,
Inc.
.......
32
3,826
Hyatt
Hotels
Corp.
,
Class
-
A
.........
611
1,434
Marriott
International,
Inc.
,
Class
-
A
....
362
20,166
McDonald's
Corp.
.................
5,685
51,410
Norwegian
Cruise
Line
Holdings
Ltd.
(a)
.
1,076
16,947
Royal
Caribbean
Cruises
Ltd.
(a)
.......
2,356
30,827
Starbucks
Corp.
...................
2,817
546
Vail
Resorts,
Inc.
..................
122
15,404
Household
Durables
—
0
.67
%
3,443
D.R.
Horton,
Inc.
..................
567
3,121
Garmin
Ltd.
......................
465
3,252
Leggett
&
Platt,
Inc.
................
62
6,964
Lennar
Corp.
,
Class
-
A
..............
1,198
83
Lennar
Corp.
,
Class
-
B
.............
13
4,132
PulteGroup,
Inc.
...................
498
17,676
Toll
Brothers,
Inc.
.................
2,286
5,089
Household
Products
—
1
.48
%
2,171
Church
&
Dwight
Co.,
Inc.
...........
226
16,240
Kimberly-Clark
Corp.
...............
2,101
1,218
The
Clorox
Co.
...................
186
53,465
The
Procter
&
Gamble
Co.
...........
8,675
11,188
Industrial
Conglomerates
—
0
.62
%
7,946
General
Electric
Co.
................
1,395
16,050
Honeywell
International,
Inc.
.........
3,294
4,689
Industrial
REITs
—
0
.44
%
11,771
Americold
Realty
Trust,
Inc.
..........
293
20,968
Prologis,
Inc.
.....................
2,731
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Industrial
REITs
(continued)
6,543
Rexford
Industrial
Realty,
Inc.
.........
$
329
3,353
Insurance
—
2
.06
%
23,465
Aflac,
Inc.
.......................
2,015
560
Aon
PLC
,
Class
-
A
................
187
676
Arthur
J.
Gallagher
&
Co.
............
169
1,195
Assurant,
Inc.
....................
225
1,709
Brown
&
Brown,
Inc.
...............
150
3,252
Cincinnati
Financial
Corp.
...........
404
52,976
Fidelity
National
Financial,
Inc.
.......
2,813
2,577
Marsh
&
McLennan
Cos.,
Inc.
........
531
26,353
MetLife,
Inc.
.....................
1,953
7,077
Old
Republic
International
Corp.
.......
217
6,114
Prudential
Financial,
Inc.
............
718
3,014
RenaissanceRe
Holdings
Ltd.
.........
708
26,534
The
Allstate
Corp.
.................
4,590
2,945
The
Progressive
Corp.
..............
609
3,246
W.R.
Berkley
Corp.
................
287
15,576
Interactive
Media
&
Services
—
6
.30
%
125,340
Alphabet,
Inc.
,
Class
-
A
(a)
...........
18,917
91,660
Alphabet,
Inc.
,
Class
-
C
(a)
...........
13,956
7,722
IAC,
Inc.
(a)
......................
412
29,543
Meta
Platforms,
Inc.
,
Class
-
A
........
14,345
47,630
IT
Services
—
1
.21
%
4,055
Accenture
PLC
,
Class
-
A
............
1,406
3,168
Akamai
Technologies,
Inc.
(a)
.........
345
1,853
Cognizant
Technology
Solutions
Corp.
,
Class
-
A
....................
136
8,471
EPAM
Systems,
Inc.
(a)
..............
2,338
13,957
GoDaddy,
Inc.
,
Class
-
A
(a)
...........
1,656
2,117
International
Business
Machines
Corp.
...
404
13,322
Okta,
Inc.
(a)
.....................
1,394
4,262
Snowflake,
Inc.
,
Class
-
A
(a)
..........
689
4,247
VeriSign,
Inc.
(a)
...................
805
9,173
Leisure
Products
—
0
.10
%
1,780
Brunswick
Corp.
..................
172
1,159
Hasbro,
Inc.
......................
66
10,271
Mattel,
Inc.
(a)
....................
203
3,276
Polaris,
Inc.
......................
328
769
Life
Sciences
Tools
&
Services
—
1
.10
%
4,371
Agilent
Technologies,
Inc.
............
636
398
Bio-Rad
Laboratories,
Inc.
,
Class
-
A
(a)
..
138
5
HC
CAPITAL
TRUST
The
Value
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Life
Sciences
Tools
&
Services
(continued)
1,294
Bruker
Corp.
.....................
$
122
438
Charles
River
Laboratories
International,
Inc.
(a)
......................
119
3,501
Danaher
Corp.
....................
873
2,131
Fortrea
Holdings,
Inc.
(a)
.............
86
710
IQVIA
Holdings,
Inc.
(a)
.............
180
2,796
Mettler-Toledo
International,
Inc.
(a)
....
3,721
2,268
QIAGEN
N.V.
(a)
..................
98
485
Revvity,
Inc.
.....................
51
3,456
Thermo
Fisher
Scientific,
Inc.
.........
2,008
720
Waters
Corp.
(a)
...................
248
8,280
Machinery
—
1
.85
%
11,054
AGCO
Corp.
.....................
1,360
12,196
Caterpillar,
Inc.
...................
4,469
5,428
Cummins,
Inc.
....................
1,599
53
Donaldson
Co.,
Inc.
................
4
4,752
Dover
Corp.
......................
842
1,648
Esab
Corp.
.......................
182
28
IDEX
Corp.
......................
7
6,910
Ingersoll
Rand,
Inc.
................
656
1,442
ITT,
Inc.
........................
196
1,244
Nordson
Corp.
....................
342
17,062
Oshkosh
Corp.
....................
2,128
7,507
Otis
Worldwide
Corp.
...............
745
1,693
Parker-Hannifin
Corp.
..............
941
2,490
The
Timken
Co.
...................
218
1,711
Westinghouse
Air
Brake
Technologies
Corp.
249
485
Xylem,
Inc.
......................
63
14,001
Media
—
0
.69
%
84,982
Comcast
Corp.
,
Class
-
A
............
3,683
4,889
Fox
Corp.
,
Class
-
A
................
153
3,789
Omnicom
Group,
Inc.
...............
367
45,955
Paramount
Global
,
Class
-
B
..........
541
14,641
The
Interpublic
Group
of
Cos.,
Inc.
.....
478
5,222
Metals
&
Mining
—
0
.56
%
49,484
Alcoa
Corp.
......................
1,672
18,550
Newmont
Corp.
...................
665
8,225
Nucor
Corp.
......................
1,628
1,912
Steel
Dynamics,
Inc.
................
283
4,248
Mortgage
Real
Estate
Investment
Trusts
(REITs)
—
0
.07
%
18,648
Annaly
Capital
Management,
Inc.
......
367
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
15,165
Rithm
Capital
Corp.
................
$
169
536
Multi-Utilities
—
0
.61
%
2,674
Ameren
Corp.
....................
198
1,937
CMS
Energy
Corp.
.................
117
1,642
Consolidated
Edison,
Inc.
............
149
1,144
Dominion
Energy,
Inc.
..............
56
1,043
DTE
Energy
Co.
..................
117
72,854
NiSource,
Inc.
....................
2,014
5,865
Public
Service
Enterprise
Group,
Inc.
....
392
1,902
Sempra
.........................
137
17,371
WEC
Energy
Group,
Inc.
............
1,427
4,607
Oil,
Gas
&
Consumable
Fuels
—
3
.10
%
19,551
Antero
Midstream
Corp.
.............
275
7,263
Cheniere
Energy,
Inc.
...............
1,171
19,851
Chevron
Corp.
....................
3,131
5,077
ConocoPhillips
...................
646
63,641
Coterra
Energy,
Inc.
................
1,774
30,851
Devon
Energy
Corp.
................
1,548
521
DT
Midstream,
Inc.
................
32
3,995
EOG
Resources,
Inc.
...............
511
7,396
EQT
Corp.
.......................
274
35,550
Exxon
Mobil
Corp.
................
4,132
16,993
Hess
Corp.
.......................
2,594
11,538
Marathon
Petroleum
Corp.
...........
2,325
26,124
Occidental
Petroleum
Corp.
..........
1,698
6,401
ONEOK,
Inc.
.....................
513
6,951
Targa
Resources
Corp.
..............
778
41,203
The
Williams
Cos.,
Inc.
.............
1,606
2,242
Valero
Energy
Corp.
................
383
2,011
Vitesse
Energy,
Inc.
................
48
23,439
Paper
&
Forest
Products
—
0
.01
%
964
Sylvamo
Corp.
....................
60
Passenger
Airlines
—
0
.09
%
28,157
American
Airlines
Group,
Inc.
(a)
.......
433
2,097
Copa
Holdings
SA
,
Class
-
A
..........
218
651
Personal
Care
Products
—
0
.03
%
1,700
The
Estee
Lauder
Cos.,
Inc.
..........
262
Pharmaceuticals
—
3
.38
%
23,725
Bristol-Myers
Squibb
Co.
............
1,287
9,457
Eli
Lilly
&
Co.
....................
7,357
6
HC
CAPITAL
TRUST
The
Value
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Pharmaceuticals
(continued)
1,000
Jazz
Pharmaceuticals
PLC
(a)
.........
$
120
44,819
Johnson
&
Johnson
................
7,090
58,424
Merck
&
Co.,
Inc.
.................
7,709
3,348
Organon
&
Co.
...................
63
64,849
Pfizer,
Inc.
.......................
1,800
8,046
Viatris,
Inc.
......................
96
25,522
Professional
Services
—
0
.76
%
1,081
Equifax,
Inc.
.....................
289
717
Jacobs
Solutions,
Inc.
...............
110
1,829
Leidos
Holdings,
Inc.
...............
240
6,910
Paychex,
Inc.
.....................
849
8,321
Paycom
Software,
Inc.
..............
1,656
825
Robert
Half,
Inc.
..................
65
10,910
Verisk
Analytics,
Inc.
...............
2,572
5,781
Real
Estate
Management
&
Development
—
0
.46
%
1,691
CBRE
Group,
Inc.
,
Class
-
A
(a)
........
164
26,820
CoStar
Group,
Inc.
(a)
...............
2,592
4,563
Howard
Hughes
Holdings,
Inc.
(a)
......
331
2,009
Jones
Lang
LaSalle,
Inc.
(a)
...........
392
3,479
Residential
REITs
—
0
.28
%
3,688
American
Homes
4
Rent
,
Class
-
A
.....
136
7,024
Camden
Property
Trust
..............
691
2,122
Equity
LifeStyle
Properties,
Inc.
.......
137
507
Essex
Property
Trust,
Inc.
............
124
10,627
Invitation
Homes,
Inc.
..............
378
2,029
Mid-America
Apartment
Communities,
Inc.
267
1,913
Sun
Communities,
Inc.
..............
246
4,609
UDR,
Inc.
.......................
172
2,151
Retail
REITs
—
0
.32
%
27,975
Brixmor
Property
Group,
Inc.
.........
656
1,385
Federal
Realty
Investment
Trust
.......
141
19,277
Realty
Income
Corp.
...............
1,044
35,601
The
Macerich
Co.
.................
613
2,454
Semiconductors
&
Semiconductor
Equipment
—
8
.20
%
11,746
Advanced
Micro
Devices,
Inc.
(a)
.......
2,120
3,728
Analog
Devices,
Inc.
...............
737
21,151
Applied
Materials,
Inc.
..............
4,362
2,918
Broadcom,
Inc.
...................
3,868
63,964
Intel
Corp.
.......................
2,825
506
Lam
Research
Corp.
................
492
6,026
Marvell
Technology,
Inc.
............
427
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Semiconductors
&
Semiconductor
Equipment
(continued)
4,803
Micron
Technology,
Inc.
.............
$
566
43,387
NVIDIA
Corp.
....................
39,203
7,270
QUALCOMM,
Inc.
................
1,231
3,842
Skyworks
Solutions,
Inc.
............
416
23,905
Texas
Instruments,
Inc.
..............
4,164
6,964
Universal
Display
Corp.
.............
1,173
10,456
Wolfspeed,
Inc.
(a)
.................
308
61,892
Software
—
10
.99
%
12,361
Adobe,
Inc.
(a)
....................
6,237
10,190
Autodesk,
Inc.
(a)
..................
2,654
512
Dolby
Laboratories,
Inc.
,
Class
-
A
.....
43
23,134
Manhattan
Associates,
Inc.
(a)
.........
5,789
125,812
Microsoft
Corp.
...................
52,931
56,988
Oracle
Corp.
.....................
7,158
41
Roper
Technologies,
Inc.
.............
23
4,904
Salesforce,
Inc.
...................
1,477
8,243
ServiceNow,
Inc.
(a)
................
6,284
668
Synopsys,
Inc.
(a)
..................
382
82,978
Specialized
REITs
—
0
.92
%
5,297
American
Tower
Corp.
..............
1,047
2,473
Crown
Castle,
Inc.
.................
262
5,913
CubeSmart
......................
267
9,861
Digital
Realty
Trust,
Inc.
.............
1,420
1,956
Equinix,
Inc.
.....................
1,614
5,142
Extra
Space
Storage,
Inc.
............
756
5,259
Iron
Mountain,
Inc.
................
422
846
Lamar
Advertising
Co.
,
Class
-
A
.......
101
2,688
Public
Storage
....................
780
8,362
VICI
Properties,
Inc.
...............
249
6,918
Specialty
Retail
—
2
.62
%
2,829
AutoNation,
Inc.
(a)
................
468
22
AutoZone,
Inc.
(a)
..................
69
6,524
Bath
&
Body
Works,
Inc.
............
326
7,757
Best
Buy
Co.,
Inc.
.................
636
4,609
Dick's
Sporting
Goods,
Inc.
...........
1,036
923
Five
Below,
Inc.
(a)
.................
167
36,426
Floor
&
Decor
Holdings,
Inc.
,
Class
-
A
(a)
4,723
3,541
Lowe's
Cos.,
Inc.
..................
902
7,287
Penske
Automotive
Group,
Inc.
........
1,180
17,296
The
Home
Depot,
Inc.
..............
6,636
21,249
The
TJX
Cos.,
Inc.
.................
2,155
2,059
Tractor
Supply
Co.
.................
539
2,174
Victoria's
Secret
&
Co.
(a)
............
42
7
HC
CAPITAL
TRUST
The
Value
Equity
Portfolio
Portfolio
of
Investments
(concluded)
—
March
31,
2024
(Unaudited)
As
of
March
31,
2024
,
100%
of
the
Portfolio’s
net
assets
were
managed
by
Parametric
Portfolio
Associates,
LLC.
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Specialty
Retail
(continued)
3,016
Williams-Sonoma,
Inc.
..............
$
958
19,837
Technology
Hardware,
Storage
&
Peripherals
—
6
.01
%
248,790
Apple,
Inc.
......................
42,663
83,952
HP,
Inc.
.........................
2,537
2,448
NetApp,
Inc.
.....................
257
45,457
Textiles,
Apparel
&
Luxury
Goods
—
0
.24
%
6,619
Capri
Holdings
Ltd.
(a)
..............
300
9,230
NIKE,
Inc.
,
Class
-
B
...............
868
1,533
Ralph
Lauren
Corp.
................
288
7,801
Tapestry,
Inc.
.....................
370
1,826
Tobacco
—
0
.29
%
36,600
Altria
Group,
Inc.
..................
1,597
6,325
Philip
Morris
International,
Inc.
........
579
2,176
Trading
Companies
&
Distributors
—
0
.34
%
13,428
Fastenal
Co.
......................
1,036
1,130
Watsco,
Inc.
......................
488
6,001
WESCO
International,
Inc.
...........
1,028
2,552
Water
Utilities
—
0
.02
%
1,178
American
Water
Works
Co.,
Inc.
.......
144
Wireless
Telecommunication
Services
—
0
.51
%
23,667
T-Mobile
US,
Inc.
.................
3,863
Total
Common
Stocks
..............
752,090
Investment
Companies
—
0
.57
%
Money
Market
Funds
—
0
.57
%
340,225
Federated
Hermes
Treasury
Obligations
Fund,
Institutional
Shares
,
5
.17
%
^^
(c)
340
3,985,980
State
Street
Institutional
Treasury
Plus
Money
Market
Fund,
Trust
Class
,
5
.20
%
(c)
....................
3,986
Total
Investment
Companies
.........
4,326
Total
Investments
(cost
$
282,515
)
—
100
.05
%
....................
756,416
Liabilities
in
excess
of
other
assets
—
(
0
.05
)
%
....................
(
399
)
Net
Assets
-
100.00%
$
756,017
Amounts
designated
as
"—"
are
$0
or
have
been
rounded
to
$0.
^
All
or
part
of
this
security
was
on
loan
as
of
March
31,
2024.
^^
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
March
31,
2024.
(a)
Represents
non-income
producing
security.
(b)
Security
was
valued
using
significant
unobservable
inputs
as
of
March
31,
2024.
(c)
Annualized
7-day
yield
as
of
period-end.
REIT—Real
Estate
Investment
Trust
HC
CAPITAL
TRUST
The
U.S.
Equity
Portfolio
(formerly
The
Growth
Equity
Portfolio)
Portfolio
of
Investments
—
March
31,
2024
(Unaudited)
8
Shares
Security
Description
Value
(000)
Common
Stocks
—
99.79%
Aerospace
&
Defense
—
1.06%
5,461
General
Dynamics
Corp.
.............
$
1,543
391
HEICO
Corp.
.....................
75
728
HEICO
Corp.,
Class
-
A
.............
112
4,826
L3Harris
Technologies,
Inc.
..........
1,028
1,511
Northrop
Grumman
Corp.
............
723
49,266
RTX
Corp.
.......................
4,805
18,789
Spirit
AeroSystems
Holdings,
Inc.,
Class
-
A(a)
.......................
678
475
TransDigm
Group,
Inc.
..............
585
9,549
Air
Freight
&
Logistics
—
0.16%
4,946
Expeditors
International
of
Washington,
Inc.
601
1,658
GXO
Logistics,
Inc.(a)
..............
89
5,000
United
Parcel
Service,
Inc.,
Class
-
B
....
744
1,434
Automobiles
—
1.04%
71,725
Ford
Motor
Co.
...................
953
47,859
Tesla,
Inc.(a)
.....................
8,413
9,366
Banks
—
2.18%
10,612
Bank
of
America
Corp.
..............
402
13,206
Bank
OZK
.......................
600
58,499
Citizens
Financial
Group,
Inc.
.........
2,123
125,497
Columbia
Banking
System,
Inc.
.......
2,428
40,559
Comerica,
Inc.
....................
2,230
1,150
Cullen/Frost
Bankers,
Inc.
............
129
29,928
East
West
Bancorp,
Inc.
.............
2,368
86,090
First
Horizon
Corp.
................
1,326
36,888
Huntington
Bancshares,
Inc.
..........
515
23,824
JPMorgan
Chase
&
Co.
.............
4,773
106,556
Regions
Financial
Corp.
.............
2,242
10,848
Zions
Bancorp
NA
.................
471
19,607
Beverages
—
1.23%
7,236
Brown-Forman
Corp.,
Class
-
B
.......
374
17,862
Monster
Beverage
Corp.(a)
...........
1,059
29,046
PepsiCo,
Inc.
.....................
5,083
74,917
The
Coca-Cola
Co.
.................
4,583
11,099
Biotechnology
—
1.53%
9,107
Alnylam
Pharmaceuticals,
Inc.(a)
......
1,361
10,935
Amgen,
Inc.
......................
3,109
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Biotechnology
(continued)
19,253
Moderna,
Inc.(a)
..................
$
2,052
14,430
Natera,
Inc.(a)
....................
1,320
800
Neurocrine
Biosciences,
Inc.(a)
........
110
2,019
Regeneron
Pharmaceuticals,
Inc.(a)
.....
1,943
9,275
Vertex
Pharmaceuticals,
Inc.(a)
........
3,877
13,772
Broadline
Retail
—
5.40%
261,580
Amazon.com,
Inc.(a)
...............
47,183
928
MercadoLibre,
Inc.(a)
...............
1,403
48,586
Building
Products
—
0.28%
404
Armstrong
World
Industries,
Inc.
.......
50
17,452
Carrier
Global
Corp.
................
1,014
48,582
Resideo
Technologies,
Inc.(a)
.........
1,090
1,218
Trane
Technologies
PLC
.............
366
2,520
Capital
Markets
—
2.31%
2,335
Cboe
Global
Markets,
Inc.
...........
429
6,242
CME
Group,
Inc.
..................
1,344
1,203
FactSet
Research
Systems,
Inc.
........
547
2,582
Intercontinental
Exchange,
Inc.
........
355
143,372
Invesco
Ltd.
......................
2,379
18,395
Janus
Henderson
Group
PLC
.........
605
713
LPL
Financial
Holdings,
Inc.
..........
188
349
MarketAxess
Holdings,
Inc.
..........
77
3,981
Moody's
Corp.
....................
1,565
31,488
Morgan
Stanley
...................
2,964
390
Morningstar,
Inc.
..................
120
838
MSCI,
Inc.
......................
470
36,398
Robinhood
Markets,
Inc.,
Class
-
A(a)
...
733
9,178
S&P
Global,
Inc.
..................
3,904
2,032
T.
Rowe
Price
Group,
Inc.
............
248
16,324
The
Charles
Schwab
Corp.
...........
1,181
8,812
The
Goldman
Sachs
Group,
Inc.
.......
3,680
20,789
Chemicals
—
2.07%
3,430
Air
Products
and
Chemicals,
Inc.
.......
831
13,075
CF
Industries
Holdings,
Inc.
..........
1,088
30,407
Ecolab,
Inc.
......................
7,022
28,469
FMC
Corp.
......................
1,813
28,629
LyondellBasell
Industries
N.V.,
Class
-
A
.
2,928
19,809
The
Chemours
Co.
.................
520
9
HC
CAPITAL
TRUST
The
U.S.
Equity
Portfolio
(formerly
The
Growth
Equity
Portfolio)
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Chemicals
(continued)
73,222
The
Mosaic
Co.
...................
$
2,377
5,811
The
Scotts
Miracle-Gro
Co.
..........
433
4,752
The
Sherwin-Williams
Co.
...........
1,651
18,663
Commercial
Services
&
Supplies
—
0.21%
26,608
Copart,
Inc.(a)
....................
1,541
3,906
Veralto
Corp.
.....................
346
1,887
Communications
Equipment
—
0.74%
4,776
Arista
Networks,
Inc.(a)
.............
1,385
101,754
Cisco
Systems,
Inc.
................
5,079
825
F5,
Inc.(a)
.......................
156
153
Motorola
Solutions,
Inc.
.............
54
6,674
Construction
&
Engineering
—
0.01%
374
Quanta
Services,
Inc.
...............
97
Consumer
Finance
—
0.35%
95
Credit
Acceptance
Corp.(a)
...........
52
141,214
SLM
Corp.
......................
3,077
3,129
Consumer
Staples
Distribution
&
Retail
—
1.98%
16,483
Costco
Wholesale
Corp.
.............
12,075
939
Dollar
General
Corp.
...............
147
4,517
Dollar
Tree,
Inc.(a)
.................
601
8,706
Sysco
Corp.
......................
707
71,607
Walmart,
Inc.
.....................
4,309
17,839
Containers
&
Packaging
—
0.14%
1,280
AptarGroup,
Inc.
..................
184
747
Avery
Dennison
Corp.
..............
167
841
Packaging
Corp.
of
America
..........
160
14,972
Silgan
Holdings,
Inc.
...............
727
1,238
Distributors
—
0.07%
2,966
Genuine
Parts
Co.
.................
459
381
Pool
Corp.
.......................
154
613
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Diversified
Consumer
Services
—
0.01%
1,727
Service
Corp.
International
...........
$
128
Diversified
Telecommunication
Services
—
0.31%
130,255
AT&T,
Inc.
......................
2,293
19,117
Frontier
Communications
Parent,
Inc.(a)
.
468
4,099
GCI
Liberty,
Inc.(a)(b)
..............
–
2,761
Electric
Utilities
—
1.02%
15,796
Edison
International
................
1,117
47,734
Evergy,
Inc.
......................
2,549
60,365
FirstEnergy
Corp.
..................
2,331
4,256
NextEra
Energy,
Inc.
...............
272
36,550
NRG
Energy,
Inc.
..................
2,474
12,422
OGE
Energy
Corp.
.................
426
9,169
Electrical
Equipment
—
0.48%
5,157
AMETEK,
Inc.
...................
943
3,500
Eaton
Corp.
PLC
..................
1,094
13,294
Emerson
Electric
Co.
...............
1,509
1,210
Hubbell,
Inc.
.....................
502
931
Rockwell
Automation,
Inc.
...........
271
4,319
Electronic
Equipment,
Instruments
&
Components
—
0.18%
12,210
Amphenol
Corp.,
Class
-
A
...........
1,409
2,343
Vontier
Corp.
.....................
106
376
Zebra
Technologies
Corp.(a)
..........
113
1,628
Entertainment
—
0.95%
13,332
Netflix,
Inc.(a)
....................
8,097
3,725
The
Walt
Disney
Co.
...............
456
8,553
Financial
Services
—
5.20%
18,726
Berkshire
Hathaway,
Inc.,
Class
-
B(a)
...
7,875
34,972
Equitable
Holdings,
Inc.
.............
1,329
756
Fiserv,
Inc.(a)
.....................
121
7,975
Global
Payments,
Inc.
...............
1,066
1,598
Jack
Henry
&
Associates,
Inc.
.........
278
19,210
Mastercard,
Inc.,
Class
-
A
...........
9,251
34,688
PayPal
Holdings,
Inc.(a)
.............
2,324
74,344
The
Western
Union
Co.
..............
1,039
76,091
Visa,
Inc.,
Class
-
A
................
21,235
10
HC
CAPITAL
TRUST
The
U.S.
Equity
Portfolio
(formerly
The
Growth
Equity
Portfolio)
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Financial
Services
(continued)
31,527
Voya
Financial,
Inc.
................
$
2,330
46,848
Food
Products
—
0.79%
70,463
Conagra
Brands,
Inc.
...............
2,089
5,224
Hormel
Foods
Corp.
................
182
413
Lamb
Weston
Holdings,
Inc.
..........
44
5,092
McCormick
&
Co.,
Inc.
.............
391
56,218
Mondelez
International,
Inc.,
Class
-
A
...
3,935
1,045
The
Hershey
Co.
..................
203
2,332
The
J.M.
Smucker
Co.
..............
294
7,138
Gas
Utilities
—
0.20%
33,223
National
Fuel
Gas
Co.
..............
1,785
Ground
Transportation
—
1.72%
124,263
CSX
Corp.
.......................
4,606
1,274
Landstar
System,
Inc.
...............
246
1,124
Old
Dominion
Freight
Line,
Inc.
.......
247
49,606
Uber
Technologies,
Inc.(a)
...........
3,819
916
U-Haul
Holding
Co.(a)
..............
62
8,244
U-Haul
Holding
Co.
................
550
24,231
Union
Pacific
Corp.
................
5,958
15,488
Health
Care
Equipment
&
Supplies
—
2.33%
34,185
Abbott
Laboratories
................
3,885
10,657
Baxter
International,
Inc.
............
455
4,799
Becton
Dickinson
&
Co.
.............
1,188
10,892
Boston
Scientific
Corp.(a)
............
746
15,477
Edwards
Lifesciences
Corp.(a)
........
1,479
960
Embecta
Corp.
....................
13
3,887
GE
HealthCare
Technologies,
Inc.
......
353
2,690
IDEXX
Laboratories,
Inc.(a)
..........
1,452
16,847
Intuitive
Surgical,
Inc.(a)
............
6,724
4,072
ResMed,
Inc.
.....................
806
9,642
Stryker
Corp.
.....................
3,451
3,346
Zimmer
Biomet
Holdings,
Inc.
........
442
20,994
Health
Care
Providers
&
Services
—
2.22%
22,388
Acadia
Healthcare
Co.,
Inc.(a)
.........
1,774
1,650
Centene
Corp.(a)
..................
129
22,394
CVS
Health
Corp.
.................
1,786
5,215
Elevance
Health,
Inc.
...............
2,704
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Health
Care
Providers
&
Services
(continued)
3,283
Henry
Schein,
Inc.(a)
...............
$
248
1,952
Laboratory
Corp.
of
America
Holdings
...
426
4,595
McKesson
Corp.
..................
2,467
7,845
Quest
Diagnostics,
Inc.
..............
1,044
19,054
UnitedHealth
Group,
Inc.
............
9,427
20,005
Health
Care
REITs
—
0.60%
174,195
Healthcare
Realty
Trust,
Inc.
..........
2,465
36,358
Omega
Healthcare
Investors,
Inc.
......
1,151
40,605
Ventas,
Inc.
......................
1,768
5,384
Health
Care
Technology
—
0.07%
2,596
Veeva
Systems,
Inc.,
Class
-
A(a)
.......
601
Hotels,
Restaurants
&
Leisure
—
2.11%
10,037
Airbnb,
Inc.,
Class
-
A(a)
............
1,656
1,179
Booking
Holdings,
Inc.
..............
4,277
31,802
Carnival
Corp.(a)
..................
520
578
Chipotle
Mexican
Grill,
Inc.(a)
........
1,680
1,046
Choice
Hotels
International,
Inc.
.......
132
11,667
Marriott
International,
Inc.,
Class
-
A
....
2,944
84,727
Starbucks
Corp.
...................
7,743
310
Vail
Resorts,
Inc.
..................
69
19,021
Household
Durables
—
0.04%
2,470
Garmin
Ltd.
......................
368
Household
Products
—
1.00%
4,168
Church
&
Dwight
Co.,
Inc.
...........
435
9,514
Colgate-Palmolive
Co.
..............
857
7,129
Kimberly-Clark
Corp.
...............
922
2,554
The
Clorox
Co.
...................
391
39,328
The
Procter
&
Gamble
Co.
...........
6,381
8,986
Independent
Power
and
Renewable
Electricity
Producers
—
0.40%
51,268
Vistra
Corp.
......................
3,571
Industrial
Conglomerates
—
0.47%
12,543
3M
Co.
.........................
1,330
11,662
General
Electric
Co.
................
2,048
11
HC
CAPITAL
TRUST
The
U.S.
Equity
Portfolio
(formerly
The
Growth
Equity
Portfolio)
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Industrial
Conglomerates
(continued)
4,278
Honeywell
International,
Inc.
.........
$
878
4,256
Insurance
—
2.66%
9,715
Aflac,
Inc.
.......................
834
7,992
Aon
PLC,
Class
-
A
................
2,667
1,155
Arthur
J.
Gallagher
&
Co.
............
289
8,635
Assured
Guaranty
Ltd.
..............
753
36,463
Axis
Capital
Holdings
Ltd.
...........
2,371
11,297
Chubb
Ltd.
......................
2,928
76,525
Lincoln
National
Corp.
..............
2,443
11,845
Marsh
&
McLennan
Cos.,
Inc.
........
2,440
22,534
Principal
Financial
Group,
Inc.
........
1,945
4,893
Prudential
Financial,
Inc.
............
574
7,591
Reinsurance
Group
of
America,
Inc.
....
1,464
5,565
The
Progressive
Corp.
..............
1,151
6,974
The
Travelers
Cos.,
Inc.
.............
1,605
45,632
Unum
Group
.....................
2,449
23,913
Interactive
Media
&
Services
—
6.71%
98,385
Alphabet,
Inc.,
Class
-
A(a)
...........
14,849
147,747
Alphabet,
Inc.,
Class
-
C(a)
...........
22,496
646
IAC,
Inc.(a)
......................
34
1,412
Match
Group,
Inc.(a)
...............
51
47,312
Meta
Platforms,
Inc.,
Class
-
A
........
22,974
60,404
IT
Services
—
1.00%
12,354
Accenture
PLC,
Class
-
A
............
4,282
2,241
Cognizant
Technology
Solutions
Corp.,
Class
-
A
....................
164
7,292
MongoDB,
Inc.(a)
.................
2,615
18,740
Okta,
Inc.(a)
.....................
1,961
9,022
Leisure
Products
—
0.02%
1,422
Polaris,
Inc.
......................
142
Life
Sciences
Tools
&
Services
—
1.19%
4,564
Bio-Techne
Corp.
..................
321
440
Bruker
Corp.
.....................
41
11,718
Danaher
Corp.
....................
2,926
1,952
Fortrea
Holdings,
Inc.(a)
.............
78
758
Mettler-Toledo
International,
Inc.(a)
....
1,009
239
Revvity,
Inc.
.....................
25
9,568
Thermo
Fisher
Scientific,
Inc.
.........
5,562
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Life
Sciences
Tools
&
Services
(continued)
2,297
Waters
Corp.(a)
...................
$
791
10,753
Machinery
—
1.90%
9,555
Caterpillar,
Inc.
...................
3,500
100,000
CNH
Industrial
N.V.(a)
..............
1,296
4,840
Deere
&
Co.
.....................
1,988
3,369
Dover
Corp.
......................
597
5,857
Fortive
Corp.
.....................
504
1,569
Graco,
Inc.
......................
147
2,179
IDEX
Corp.
......................
532
8,257
Illinois
Tool
Works,
Inc.
.............
2,215
6,973
Ingersoll
Rand,
Inc.
................
662
506
Nordson
Corp.
....................
139
8,726
Otis
Worldwide
Corp.
...............
866
11,372
The
Middleby
Corp.(a)
..............
1,829
927
The
Toro
Co.
.....................
85
14,765
Westinghouse
Air
Brake
Technologies
Corp.
2,151
4,438
Xylem,
Inc.
......................
574
17,085
Media
—
0.36%
11,755
Liberty
Media
Corp.-Liberty
SiriusXM(a)
349
4,935
Omnicom
Group,
Inc.
...............
478
17,241
The
Interpublic
Group
of
Cos.,
Inc.
.....
563
21,211
The
Trade
Desk,
Inc.,
Class
-
A(a)
......
1,854
3,244
Metals
&
Mining
—
0.06%
12,963
United
States
Steel
Corp.
............
529
Mortgage
Real
Estate
Investment
Trusts
(REITs)
—
0.36%
51,318
AGNC
Investment
Corp.
............
508
210,454
Rithm
Capital
Corp.
................
2,349
20,515
Starwood
Property
Trust,
Inc.
.........
417
3,274
Multi-Utilities
—
0.46%
84,210
CenterPoint
Energy,
Inc.
.............
2,400
15,797
DTE
Energy
Co.
..................
1,771
4,171
Office
REITs
—
0.09%
30,614
Highwoods
Properties,
Inc.
...........
801
12
HC
CAPITAL
TRUST
The
U.S.
Equity
Portfolio
(formerly
The
Growth
Equity
Portfolio)
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Oil,
Gas
&
Consumable
Fuels
—
3.23%
54,988
Antero
Midstream
Corp.
.............
$
773
23,298
APA
Corp.
.......................
801
24,368
ConocoPhillips
...................
3,102
79,339
Devon
Energy
Corp.
................
3,980
7,898
DT
Midstream,
Inc.
................
483
21,212
EQT
Corp.
.......................
786
10,924
Exxon
Mobil
Corp.
................
1,270
161,493
Kinder
Morgan,
Inc.
................
2,962
114,575
Marathon
Oil
Corp.
................
3,247
13,944
ONEOK,
Inc.
.....................
1,118
4,640
Pioneer
Natural
Resources
Co.
........
1,218
95,111
Range
Resources
Corp.
..............
3,274
28,597
Targa
Resources
Corp.
..............
3,203
73,536
The
Williams
Cos.,
Inc.
.............
2,866
29,083
Passenger
Airlines
—
0.15%
10,129
Alaska
Air
Group,
Inc.(a)
............
435
18,665
Delta
Air
Lines,
Inc.
................
894
1,329
Personal
Care
Products
—
0.30%
9,986
L'Oreal
SA,
ADR
..................
947
11,196
The
Estee
Lauder
Cos.,
Inc.
..........
1,726
2,673
Pharmaceuticals
—
4.46%
27,249
Eli
Lilly
&
Co.
....................
21,199
31,287
Johnson
&
Johnson
................
4,949
55,581
Merck
&
Co.,
Inc.
.................
7,334
44,321
Novo
Nordisk
A/S,
ADR
.............
5,691
11,882
Viatris,
Inc.
......................
142
4,740
Zoetis,
Inc.
......................
802
40,117
Professional
Services
—
1.33%
45,157
Automatic
Data
Processing,
Inc.
.......
11,278
2,353
Equifax,
Inc.
.....................
629
1,391
SS&C
Technologies
Holdings,
Inc.
.....
90
11,997
Real
Estate
Management
&
Development
—
0.05%
1,272
CBRE
Group,
Inc.,
Class
-
A(a)
........
124
3,010
CoStar
Group,
Inc.(a)
...............
290
414
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Residential
REITs
—
0.01%
1,608
Equity
LifeStyle
Properties,
Inc.
.......
$
104
Retail
REITs
—
0.09%
52,271
SITE
Centers
Corp.
................
766
Semiconductors
&
Semiconductor
Equipment
—
10.39%
117,925
Advanced
Micro
Devices,
Inc.(a)
.......
21,284
8,866
Analog
Devices,
Inc.
...............
1,754
6,209
Applied
Materials,
Inc.
..............
1,280
3,238
ASML
Holding
N.V.,
NYS
...........
3,142
9,116
Broadcom,
Inc.
...................
12,082
4,234
First
Solar,
Inc.(a)
.................
715
63,448
Intel
Corp.
.......................
2,802
1,378
KLA
Corp.
......................
963
1,153
Lam
Research
Corp.
................
1,120
28,189
Marvell
Technology,
Inc.
............
1,998
3,708
Microchip
Technology,
Inc.
...........
333
7,602
Micron
Technology,
Inc.
.............
896
44,074
NVIDIA
Corp.
....................
39,824
3,257
ON
Semiconductor
Corp.(a)
..........
240
30,091
QUALCOMM,
Inc.
................
5,094
93,527
Software
—
12.03%
9,439
Adobe,
Inc.(a)
....................
4,763
1,974
ANSYS,
Inc.(a)
...................
685
908
Atlassian
Corp.,
Class
-
A(a)
..........
177
9,731
Cadence
Design
Systems,
Inc.(a)
.......
3,029
1,270
Corpay,
Inc.(a)
....................
392
9,116
Crowdstrike
Holdings,
Inc.,
Class
-
A(a)
.
2,922
6,515
Fortinet,
Inc.(a)
...................
445
1,928
HubSpot,
Inc.(a)
..................
1,208
5,422
Intuit,
Inc.
.......................
3,524
163,653
Microsoft
Corp.
...................
68,853
11,315
Oracle
Corp.
.....................
1,421
1,558
Palo
Alto
Networks,
Inc.(a)
...........
443
2,476
Roper
Technologies,
Inc.
.............
1,389
52,121
Salesforce,
Inc.
...................
15,698
4,191
ServiceNow,
Inc.(a)
................
3,195
151
Synopsys,
Inc.(a)
..................
86
566
Workday,
Inc.,
Class
-
A(a)
...........
154
108,384
Specialized
REITs
—
1.45%
2,302
American
Tower
Corp.
..............
455
55,269
EPR
Properties
...................
2,346
13
HC
CAPITAL
TRUST
The
U.S.
Equity
Portfolio
(formerly
The
Growth
Equity
Portfolio)
Portfolio
of
Investments
(concluded)
—
March
31,
2024
(Unaudited)
The
following
table
reflects
the
percentage
of
total
net
assets
of
the
Portfolio
attributable
to
each
Specialist
Manager
as
of
March
31,
2024.
Amounts
designated
as
“—”
indicate
the
Specialist
Manager
did
not
manage
any
holdings
in
that
category.
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Specialized
REITs
(continued)
12,378
Equinix,
Inc.
.....................
$
10,216
13,017
Specialty
Retail
—
3.40%
854
Advance
Auto
Parts,
Inc.
............
73
597
AutoZone,
Inc.(a)
..................
1,882
5,882
Best
Buy
Co.,
Inc.
.................
483
376
Burlington
Stores,
Inc.(a)
............
87
41,191
Lowe's
Cos.,
Inc.
..................
10,492
4,016
O'Reilly
Automotive,
Inc.(a)
..........
4,534
9,045
Ross
Stores,
Inc.
..................
1,327
10,393
The
Home
Depot,
Inc.
..............
3,987
66,781
The
TJX
Cos.,
Inc.
.................
6,772
1,256
Tractor
Supply
Co.
.................
329
1,253
Ulta
Beauty,
Inc.(a)
................
655
30,621
Technology
Hardware,
Storage
&
Peripherals
—
5.36%
281,109
Apple,
Inc.
......................
48,204
Textiles,
Apparel
&
Luxury
Goods
—
1.16%
1
Kontoor
Brands,
Inc.
...............
–
8,532
Lululemon
Athletica,
Inc.(a)
..........
3,333
15,785
LVMH
Moet
Hennessy
Louis
Vuitton
SE,
ADR
.......................
2,858
45,478
NIKE,
Inc.,
Class
-
B
...............
4,274
10,465
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Tobacco
—
0.18%
17,508
Philip
Morris
International,
Inc.
........
$
1,604
Trading
Companies
&
Distributors
—
0.53%
46,339
Air
Lease
Corp.
...................
2,383
14,448
Fastenal
Co.
......................
1,115
1,221
W.W.
Grainger,
Inc.
................
1,242
4,740
Total
Common
Stocks
..............
898,248
Investment
Companies
—
0.51%
Money
Market
Funds
—
0.51%
4,596,877
State
Street
Institutional
Treasury
Plus
Money
Market
Fund,
Trust
Class,
5.20%(c)
....................
4,597
Total
Investment
Companies
.........
4,597
Total
Investments
(cost
$251,953)
—
100.30%
....................
902,845
Liabilities
in
excess
of
other
assets
—
(0.30)%
....................
(2,681)
Net
Assets
-
100.00%
$
900,164
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
March
31,
2024.
(c)
Annualized
7-day
yield
as
of
period-end.
ADR—American
Depositary
Receipt
REIT—Real
Estate
Investment
Trust
The
U.S.
Equity
Portfolio
Jennison
Associates,
LLC
Parametric
Portfolio
Associates,
LLC
Total
Common
Stocks
.......................................................................................................................................................
—
99.79
%
99.79
%
Investment
Companies
.............................................................................................................................................
—
0.51
%
0.51
%
Other
Assets
(Liabilities)
.........................................................................................................................................
0.01
%
-0.31
%
-0.30
%
Total
Net
Assets
..................................................................................................................................................
0.01
%
99.99
%
100.00
%
HC
CAPITAL
TRUST
The
Institutional
U.S.
Equity
Portfolio
Portfolio
of
Investments
—
March
31,
2024
(Unaudited)
14
Shares
Security
Description
Value
(000)
Common
Stocks
—
77
.36
%
Aerospace
&
Defense
—
1
.31
%
2,079
Axon
Enterprise,
Inc.
(a)
.............
$
651
692
BWX
Technologies,
Inc.
.............
71
290
Curtiss-Wright
Corp.
...............
74
9,179
General
Dynamics
Corp.
.............
2,593
1,717
HEICO
Corp.
.....................
328
2,756
HEICO
Corp.
,
Class
-
A
.............
424
636
Hexcel
Corp.
.....................
46
11,324
Howmet
Aerospace,
Inc.
.............
775
3,489
Huntington
Ingalls
Industries,
Inc.
......
1,016
9,182
L3Harris
Technologies,
Inc.
..........
1,956
8,608
Lockheed
Martin
Corp.
..............
3,916
373
Mercury
Systems,
Inc.
(a)
............
11
6,095
Northrop
Grumman
Corp.
............
2,918
47,958
RTX
Corp.
.......................
4,677
791
Spirit
AeroSystems
Holdings,
Inc.
,
Class
-
A
(a)
.......................
29
5,767
Textron,
Inc.
.....................
553
16,946
The
Boeing
Co.
(a)
.................
3,271
8,237
TransDigm
Group,
Inc.
..............
10,145
440
Woodward,
Inc.
...................
68
33,522
Air
Freight
&
Logistics
—
0
.26
%
10,333
C.H.
Robinson
Worldwide,
Inc.
........
787
5,701
Expeditors
International
of
Washington,
Inc.
693
6,915
FedEx
Corp.
.....................
2,003
884
GXO
Logistics,
Inc.
(a)
..............
48
21,910
United
Parcel
Service,
Inc.
,
Class
-
B
....
3,256
6,787
Automobile
Components
—
0
.05
%
8,149
Aptiv
PLC
(a)
.....................
650
7,078
BorgWarner,
Inc.
..................
245
1,782
Gentex
Corp.
.....................
64
1,752
Lear
Corp.
.......................
254
354
Phinia,
Inc.
......................
14
2,587
QuantumScape
Corp.
(a)
.............
16
1,243
Automobiles
—
0
.99
%
114,941
Ford
Motor
Co.
...................
1,526
38,401
General
Motors
Co.
................
1,742
1,020
Harley-Davidson,
Inc.
..............
45
5,629
Lucid
Group,
Inc.
(a)
................
16
19,693
Rivian
Automotive,
Inc.
,
Class
-
A
(a)
....
216
123,689
Tesla,
Inc.
(a)
.....................
21,742
392
Thor
Industries,
Inc.
................
46
25,333
Banks
—
2
.13
%
208,402
Bank
of
America
Corp.
..............
7,903
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Banks
(continued)
848
Bank
OZK
.......................
$
39
220
BOK
Financial
Corp.
...............
20
197,407
Citigroup,
Inc.
....................
12,484
13,754
Citizens
Financial
Group,
Inc.
.........
499
1,570
Columbia
Banking
System,
Inc.
.......
30
991
Comerica,
Inc.
....................
54
905
Commerce
Bancshares,
Inc.
..........
48
442
Cullen/Frost
Bankers,
Inc.
............
50
1,073
East
West
Bancorp,
Inc.
.............
85
19,904
Fifth
Third
Bancorp
................
740
302
First
Citizens
BancShares,
Inc.
,
Class
-
A
.
494
969
First
Hawaiian,
Inc.
................
21
4,262
First
Horizon
Corp.
................
66
2,714
FNB
Corp.
.......................
38
42,252
Huntington
Bancshares,
Inc.
..........
590
86,433
JPMorgan
Chase
&
Co.
.............
17,314
27,304
KeyCorp
........................
431
5,351
M&T
Bank
Corp.
..................
778
5,373
New
York
Community
Bancorp,
Inc.
....
17
17,933
NU
Holdings
Ltd.
,
Class
-
A
(a)
........
214
568
Pinnacle
Financial
Partners,
Inc.
.......
49
534
Popular,
Inc.
.....................
47
664
Prosperity
Bancshares,
Inc.
...........
44
27,181
Regions
Financial
Corp.
.............
572
1,092
Synovus
Financial
Corp.
.............
44
380
TFS
Financial
Corp.
................
5
11,664
The
PNC
Financial
Services
Group,
Inc.
.
1,885
39,007
Truist
Financial
Corp.
...............
1,521
45,619
U.S.
Bancorp
.....................
2,039
1,311
Webster
Financial
Corp.
.............
67
106,994
Wells
Fargo
&
Co.
.................
6,201
802
Western
Alliance
Bancorp
............
51
454
Wintrust
Financial
Corp.
.............
47
1,117
Zions
Bancorp
NA
.................
48
54,535
Beverages
—
1
.20
%
345
Brown-Forman
Corp.
,
Class
-
A
........
18
17,027
Brown-Forman
Corp.
,
Class
-
B
.......
879
4,476
Celsius
Holdings,
Inc.
(a)
.............
371
7,192
Constellation
Brands,
Inc.
,
Class
-
A
....
1,955
53,465
Fomento
Economico
Mexicano
SAB
de
CV
,
ADR
.......................
6,965
55,845
Keurig
Dr.
Pepper,
Inc.
..............
1,712
16,499
Molson
Coors
Beverage
Co.
,
Class
-
B
...
1,110
27,940
Monster
Beverage
Corp.
(a)
...........
1,656
45,069
PepsiCo,
Inc.
.....................
7,888
72
The
Boston
Beer
Co.,
Inc.
,
Class
-
A
(a)
..
22
131,972
The
Coca-Cola
Co.
.................
8,074
30,650
15
HC
CAPITAL
TRUST
The
Institutional
U.S.
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Biotechnology
—
1
.32
%
56,782
AbbVie,
Inc.
.....................
$
10,340
3,681
Alnylam
Pharmaceuticals,
Inc.
(a)
......
551
18,582
Amgen,
Inc.
......................
5,283
753
Apellis
Pharmaceuticals,
Inc.
(a)
.......
44
5,719
Biogen,
Inc.
(a)
....................
1,233
9,991
BioMarin
Pharmaceutical,
Inc.
(a)
......
872
5,266
Exact
Sciences
Corp.
(a)
.............
364
2,426
Exelixis,
Inc.
(a)
...................
58
46,710
Gilead
Sciences,
Inc.
...............
3,421
16,541
Incyte
Corp.
(a)
....................
942
1,071
Ionis
Pharmaceuticals,
Inc.
(a)
.........
46
9,557
Moderna,
Inc.
(a)
..................
1,018
834
Natera,
Inc.
(a)
....................
76
7,774
Neurocrine
Biosciences,
Inc.
(a)
........
1,072
3,776
Regeneron
Pharmaceuticals,
Inc.
(a)
.....
3,635
2,631
Roivant
Sciences
Ltd.
(a)
.............
28
676
Sarepta
Therapeutics,
Inc.
(a)
..........
88
602
Ultragenyx
Pharmaceutical,
Inc.
(a)
.....
28
4,825
United
Therapeutics
Corp.
(a)
.........
1,109
8,978
Vertex
Pharmaceuticals,
Inc.
(a)
........
3,753
33,961
Broadline
Retail
—
2
.33
%
315,899
Amazon.com,
Inc.
(a)
...............
56,982
8,281
Coupang,
Inc.
(a)
..................
147
15,265
eBay,
Inc.
.......................
805
3,658
Etsy,
Inc.
(a)
......................
252
834
Kohl's
Corp.
.....................
24
2,044
Macy's,
Inc.
......................
41
986
MercadoLibre,
Inc.
(a)
...............
1,491
848
Nordstrom,
Inc.
...................
17
473
Ollie's
Bargain
Outlet
Holdings,
Inc.
(a)
..
38
59,797
Building
Products
—
0
.34
%
3,594
A.O.
Smith
Corp.
..................
322
517
Advanced
Drainage
Systems,
Inc.
......
89
2,566
Allegion
PLC
....................
346
344
Armstrong
World
Industries,
Inc.
.......
43
3,629
Builders
FirstSource,
Inc.
(a)
..........
757
1,695
Carlisle
Cos.,
Inc.
..................
664
23,882
Carrier
Global
Corp.
................
1,389
3,704
Fortune
Brands
Innovations,
Inc.
.......
314
834
Hayward
Holdings,
Inc.
(a)
...........
13
19,918
Johnson
Controls
International
PLC
.....
1,301
930
Lennox
International,
Inc.
............
454
6,555
Masco
Corp.
.....................
517
2,602
Owens
Corning
...................
434
1,101
The
AZEK
Co.,
Inc.
(a)
..............
55
6,664
Trane
Technologies
PLC
.............
1,999
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Building
Products
(continued)
835
Trex
Co.,
Inc.
(a)
...................
$
83
8,780
Capital
Markets
—
2
.38
%
269
Affiliated
Managers
Group,
Inc.
.......
45
2,983
Ameriprise
Financial,
Inc.
............
1,308
4,892
Ares
Management
Corp.
,
Class
-
A
.....
650
4,389
BlackRock,
Inc.
...................
3,659
21,057
Blackstone,
Inc.
...................
2,767
3,493
Blue
Owl
Capital,
Inc.
..............
66
6,990
Cboe
Global
Markets,
Inc.
...........
1,285
13,858
CME
Group,
Inc.
..................
2,984
5,068
Coinbase
Global,
Inc.
,
Class
-
A
(a)
.....
1,343
277
Evercore,
Inc.
....................
53
1,775
FactSet
Research
Systems,
Inc.
........
807
8,952
Franklin
Resources,
Inc.
.............
252
375
Houlihan
Lokey,
Inc.
...............
48
794
Interactive
Brokers
Group,
Inc.
........
89
19,063
Intercontinental
Exchange,
Inc.
........
2,619
2,832
Invesco
Ltd.
......................
47
1,031
Janus
Henderson
Group
PLC
.........
34
1,500
Jefferies
Financial
Group,
Inc.
.........
66
17,519
KKR
&
Co.,
Inc.
..................
1,762
826
Lazard,
Inc.
......................
35
32,070
LPL
Financial
Holdings,
Inc.
..........
8,472
1,129
MarketAxess
Holdings,
Inc.
..........
248
4,790
Moody's
Corp.
....................
1,883
35,931
Morgan
Stanley
...................
3,383
189
Morningstar,
Inc.
..................
58
2,298
MSCI,
Inc.
......................
1,288
13,170
Nasdaq,
Inc.
.....................
832
6,025
Northern
Trust
Corp.
...............
536
5,779
Raymond
James
Financial,
Inc.
........
742
14,715
Robinhood
Markets,
Inc.
,
Class
-
A
(a)
...
296
27,606
S&P
Global,
Inc.
..................
11,743
5,108
SEI
Investments
Co.
................
367
9,196
State
Street
Corp.
..................
711
775
Stifel
Financial
Corp.
...............
61
6,492
T.
Rowe
Price
Group,
Inc.
............
791
22,404
The
Bank
of
New
York
Mellon
Corp.
....
1,291
6,256
The
Carlyle
Group,
Inc.
.............
294
44,348
The
Charles
Schwab
Corp.
...........
3,208
9,514
The
Goldman
Sachs
Group,
Inc.
.......
3,974
484
TPG,
Inc.
.......................
22
6,818
Tradeweb
Markets,
Inc.
,
Class
-
A
......
710
715
Virtu
Financial,
Inc.
,
Class
-
A
.........
15
2,509
XP,
Inc.
,
Class
-
A
.................
64
60,908
Chemicals
—
0
.96
%
8,062
Air
Products
and
Chemicals,
Inc.
.......
1,953
16
HC
CAPITAL
TRUST
The
Institutional
U.S.
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Chemicals
(continued)
3,429
Albemarle
Corp.
..................
$
452
384
Ashland,
Inc.
.....................
37
1,675
Axalta
Coating
Systems
Ltd.
(a)
........
58
2,984
Celanese
Corp.
....................
513
12,575
CF
Industries
Holdings,
Inc.
..........
1,046
29,368
Corteva,
Inc.
.....................
1,694
25,263
Dow,
Inc.
.......................
1,464
12,786
DuPont
de
Nemours,
Inc.
............
980
3,481
Eastman
Chemical
Co.
..............
349
7,458
Ecolab,
Inc.
......................
1,722
1,710
Element
Solutions,
Inc.
..............
43
10,589
FMC
Corp.
......................
674
11,599
Ginkgo
Bioworks
Holdings,
Inc.
(a)
.....
13
1,319
Huntsman
Corp.
...................
34
7,462
International
Flavors
&
Fragrances,
Inc.
..
641
14,764
Linde
PLC
.......................
6,857
10,139
LyondellBasell
Industries
N.V.
,
Class
-
A
.
1,037
48
NewMarket
Corp.
.................
30
975
Olin
Corp.
.......................
57
6,907
PPG
Industries,
Inc.
................
1,001
5,190
RPM
International,
Inc.
.............
618
1,117
The
Chemours
Co.
.................
29
9,644
The
Mosaic
Co.
...................
313
306
The
Scotts
Miracle-Gro
Co.
..........
23
7,704
The
Sherwin-Williams
Co.
...........
2,676
1,219
Westlake
Corp.
...................
186
24,500
Commercial
Services
&
Supplies
—
0
.47
%
2,634
Cintas
Corp.
.....................
1,810
387
Clean
Harbors,
Inc.
(a)
..............
78
25,242
Copart,
Inc.
(a)
....................
1,462
472
Driven
Brands
Holdings,
Inc.
(a)
.......
7
280
MSA
Safety,
Inc.
..................
54
1,372
RB
Global,
Inc.
...................
105
10,239
Republic
Services,
Inc.
..............
1,960
20,193
Rollins,
Inc.
......................
934
695
Stericycle,
Inc.
(a)
..................
37
399
Tetra
Tech,
Inc.
...................
74
6,705
Veralto
Corp.
.....................
594
892
Vestis
Corp.
......................
17
9,393
Waste
Connections,
Inc.
.............
1,616
15,879
Waste
Management,
Inc.
.............
3,385
12,133
Communications
Equipment
—
0
.43
%
7,638
Arista
Networks,
Inc.
(a)
.............
2,214
1,117
Ciena
Corp.
(a)
....................
55
124,763
Cisco
Systems,
Inc.
................
6,228
1,744
F5,
Inc.
(a)
.......................
331
9,375
Juniper
Networks,
Inc.
..............
348
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Communications
Equipment
(continued)
517
Lumentum
Holdings,
Inc.
(a)
..........
$
24
5,303
Motorola
Solutions,
Inc.
.............
1,882
31
Ubiquiti,
Inc.
.....................
4
886
Viasat,
Inc.
(a)
....................
16
11,102
Construction
&
Engineering
—
0
.11
%
3,991
AECOM
........................
391
354
EMCOR
Group,
Inc.
...............
124
462
MasTec,
Inc.
(a)
...................
43
1,532
MDU
Resources
Group,
Inc.
..........
39
4,245
Quanta
Services,
Inc.
...............
1,103
159
Valmont
Industries,
Inc.
.............
36
21,631
WillScot
Mobile
Mini
Holdings
Corp.
(a)
.
1,006
2,742
Construction
Materials
—
0
.43
%
101,803
CRH
PLC
.......................
8,781
271
Eagle
Materials,
Inc.
................
74
1,810
Martin
Marietta
Materials,
Inc.
........
1,111
3,891
Vulcan
Materials
Co.
...............
1,062
11,028
Consumer
Finance
—
0
.29
%
7,929
Ally
Financial,
Inc.
.................
322
17,217
American
Express
Co.
..............
3,920
11,138
Capital
One
Financial
Corp.
..........
1,658
50
Credit
Acceptance
Corp.
(a)
...........
28
7,328
Discover
Financial
Services
..........
960
870
OneMain
Holdings,
Inc.
.............
44
1,816
SLM
Corp.
......................
40
6,931
SoFi
Technologies,
Inc.
(a)
............
51
12,165
Synchrony
Financial
................
525
7,548
Consumer
Staples
Distribution
&
Retail
—
1
.46
%
11,049
Albertsons
Cos.,
Inc.
,
Class
-
A
........
236
281
Casey's
General
Stores,
Inc.
..........
89
13,317
Costco
Wholesale
Corp.
.............
9,756
11,046
Dollar
General
Corp.
...............
1,724
9,010
Dollar
Tree,
Inc.
(a)
.................
1,200
669
Grocery
Outlet
Holding
Corp.
(a)
.......
19
162
Maplebear,
Inc.
(a)
.................
6
1,153
Performance
Food
Group
Co.
(a)
.......
86
19,636
Sysco
Corp.
......................
1,594
13,506
Target
Corp.
.....................
2,393
38,230
The
Kroger
Co.
...................
2,184
163,796
U.S.
Foods
Holding
Corp.
(a)
..........
8,841
36,139
Walgreens
Boots
Alliance,
Inc.
........
784
17
HC
CAPITAL
TRUST
The
Institutional
U.S.
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Consumer
Staples
Distribution
&
Retail
(continued)
143,479
Walmart,
Inc.
.....................
$
8,634
37,546
Containers
&
Packaging
—
0
.19
%
75,233
Amcor
PLC
......................
715
497
AptarGroup,
Inc.
..................
72
1,131
Ardagh
Metal
Packaging
SA
..........
4
2,363
Avery
Dennison
Corp.
..............
528
12,335
Ball
Corp.
.......................
831
922
Berry
Global
Group,
Inc.
............
56
4,960
Crown
Holdings,
Inc.
...............
393
2,319
Graphic
Packaging
Holding
Co.
.......
68
21,090
International
Paper
Co.
..............
822
5,374
Packaging
Corp.
of
America
..........
1,019
1,105
Sealed
Air
Corp.
..................
41
638
Silgan
Holdings,
Inc.
...............
31
738
Sonoco
Products
Co.
...............
43
7,481
Westrock
Co.
.....................
370
4,993
Distributors
—
0
.07
%
6,762
Genuine
Parts
Co.
.................
1,047
7,786
LKQ
Corp.
......................
416
1,119
Pool
Corp.
.......................
452
1,915
Diversified
Consumer
Services
—
0
.01
%
1,585
ADT,
Inc.
.......................
11
436
Bright
Horizons
Family
Solutions,
Inc.
(a)
49
232
Grand
Canyon
Education,
Inc.
(a)
.......
32
1,154
H&R
Block,
Inc.
..................
57
605
Mister
Car
Wash,
Inc.
(a)
.............
5
1,134
Service
Corp.
International
...........
83
237
Diversified
REITs
—
0
.19
%
197,987
Empire
State
Realty
Trust,
Inc.
........
2,005
68,890
Essential
Properties
Realty
Trust,
Inc.
...
1,836
17,487
WP
Carey,
Inc.
....................
988
4,829
Diversified
Telecommunication
Services
—
0
.42
%
254,064
AT&T,
Inc.
......................
4,471
1,857
Frontier
Communications
Parent,
Inc.
(a)
.
45
942
Iridium
Communications,
Inc.
.........
25
10,608
Liberty
Global
Ltd.
,
Class
-
C
(a)
.......
187
144,036
Verizon
Communications,
Inc.
.........
6,045
10,773
Electric
Utilities
—
1
.14
%
22,932
Alliant
Energy
Corp.
...............
1,156
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Electric
Utilities
(continued)
24,674
American
Electric
Power
Co.,
Inc.
......
$
2,125
538
Avangrid,
Inc.
....................
20
9,384
Constellation
Energy
Corp.
...........
1,735
31,998
Duke
Energy
Corp.
.................
3,095
19,928
Edison
International
................
1,409
13,072
Entergy
Corp.
....................
1,382
21,676
Evergy,
Inc.
......................
1,157
22,555
Eversource
Energy
.................
1,348
47,776
Exelon
Corp.
.....................
1,796
35,192
FirstEnergy
Corp.
..................
1,359
825
Hawaiian
Electric
Industries,
Inc.
......
9
382
IDACORP,
Inc.
...................
35
68,848
NextEra
Energy,
Inc.
...............
4,400
11,105
NRG
Energy,
Inc.
..................
752
1,514
OGE
Energy
Corp.
.................
52
80,194
PG&E
Corp.
.....................
1,343
856
Pinnacle
West
Capital
Corp.
..........
64
46,294
PPL
Corp.
.......................
1,274
44,114
The
Southern
Co.
..................
3,164
29,296
Xcel
Energy,
Inc.
..................
1,575
29,250
Electrical
Equipment
—
0
.77
%
243
Acuity
Brands,
Inc.
................
65
7,859
AMETEK,
Inc.
...................
1,437
1,919
ChargePoint
Holdings,
Inc.
(a)
.........
4
11,808
Eaton
Corp.
PLC
..................
3,692
17,841
Emerson
Electric
Co.
...............
2,024
459
Generac
Holdings,
Inc.
(a)
............
58
2,076
Hubbell,
Inc.
.....................
862
1,253
nVent
Electric
PLC
.................
94
3,939
Plug
Power,
Inc.
(a)
.................
14
494
Regal
Rexnord
Corp.
...............
89
3,361
Rockwell
Automation,
Inc.
...........
979
1,147
Sensata
Technologies
Holding
PLC
.....
42
1,580
Sunrun,
Inc.
(a)
....................
21
127,559
Vertiv
Holdings
Co.
,
Class
-
A
.........
10,417
19,798
Electronic
Equipment,
Instruments
&
Components
—
0
.31
%
17,408
Amphenol
Corp.
,
Class
-
A
...........
2,009
440
Arrow
Electronics,
Inc.
(a)
............
57
690
Avnet,
Inc.
.......................
34
3,926
CDW
Corp.
......................
1,004
1,318
Cognex
Corp.
....................
56
993
Coherent
Corp.
(a)
.................
60
23,303
Corning,
Inc.
.....................
768
357
Crane
NXT
Co.
...................
22
226
IPG
Photonics
Corp.
(a)
..............
20
3,745
Jabil,
Inc.
.......................
501
18
HC
CAPITAL
TRUST
The
Institutional
U.S.
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Electronic
Equipment,
Instruments
&
Components
(continued)
5,140
Keysight
Technologies,
Inc.
(a)
........
$
804
183
Littelfuse,
Inc.
....................
44
445
TD
SYNNEX
Corp.
................
50
6,695
TE
Connectivity
Ltd.
...............
973
1,373
Teledyne
Technologies,
Inc.
(a)
........
590
7,251
Trimble,
Inc.
(a)
...................
467
1,197
Vontier
Corp.
.....................
54
1,500
Zebra
Technologies
Corp.
(a)
..........
452
7,965
Energy
Equipment
&
Services
—
0
.21
%
42,554
Baker
Hughes
Co.
.................
1,426
29,002
Halliburton
Co.
...................
1,143
2,968
NOV,
Inc.
.......................
58
50,118
Schlumberger
N.V.
.................
2,747
3,316
TechnipFMC
PLC
.................
83
5,457
Entertainment
—
1
.07
%
1,515
AMC
Entertainment
Holdings,
Inc.
(a)
...
6
11,771
Electronic
Arts,
Inc.
................
1,561
159
Liberty
Media
Corp.-Liberty
Formula
One
(a)
.....................
9
5,777
Liberty
Media
Corp.-Liberty
Formula
One
(a)
.....................
379
148
Liberty
Media
Corp.-Liberty
Live
(a)
....
6
355
Liberty
Media
Corp.-Liberty
Live
(a)
....
16
4,693
Live
Nation
Entertainment,
Inc.
(a)
......
496
141
Madison
Square
Garden
Sports
Corp.
(a)
..
26
25,942
Netflix,
Inc.
(a)
....................
15,757
178
Playtika
Holding
Corp.
..............
1
12,941
ROBLOX
Corp.
,
Class
-
A
(a)
.........
494
3,713
Roku,
Inc.
(a)
.....................
242
1,076
Spotify
Technology
SA
(a)
............
284
5,497
Take-Two
Interactive
Software,
Inc.
(a)
...
816
53,990
The
Walt
Disney
Co.
...............
6,607
464
TKO
Group
Holdings,
Inc.
...........
40
66,997
Warner
Bros.
Discovery,
Inc.
(a)
........
584
27,324
Financial
Services
—
4
.12
%
1,678
Affirm
Holdings,
Inc.
(a)
.............
63
80,196
Apollo
Global
Management,
Inc.
.......
9,018
43,700
Berkshire
Hathaway,
Inc.
,
Class
-
B
(a)
...
18,376
129,092
Block,
Inc.
(a)
.....................
10,917
7,267
Corebridge
Financial,
Inc.
............
209
10,084
Equitable
Holdings,
Inc.
.............
384
358
Euronet
Worldwide,
Inc.
(a)
...........
39
138,810
Fidelity
National
Information
Services,
Inc.
10,297
71,036
Fiserv,
Inc.
(a)
.....................
11,353
7,624
Global
Payments,
Inc.
...............
1,019
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Financial
Services
(continued)
5,006
Jack
Henry
&
Associates,
Inc.
.........
$
870
40,959
Mastercard,
Inc.
,
Class
-
A
...........
19,725
2,240
MGIC
Investment
Corp.
.............
50
487
NCR
Atleos
Corp.
(a)
...............
10
30,663
PayPal
Holdings,
Inc.
(a)
.............
2,054
860
Rocket
Cos.,
Inc.
,
Class
-
A
(a)
.........
13
383
Shift4
Payments,
Inc.
,
Class
-
A
(a)
......
25
2,823
The
Western
Union
Co.
..............
39
10,181
Toast,
Inc.
,
Class
-
A
(a)
..............
254
703
UWM
Holdings
Corp.
..............
5
74,083
Visa,
Inc.
,
Class
-
A
................
20,675
738
Voya
Financial,
Inc.
................
55
330
WEX,
Inc.
(a)
.....................
78
105,528
Food
Products
—
1
.20
%
26,866
Archer-Daniels-Midland
Co.
..........
1,688
10,472
Bunge
Global
SA
..................
1,074
27,441
Campbell
Soup
Co.
................
1,219
46,397
Conagra
Brands,
Inc.
...............
1,376
4,874
Darling
Ingredients,
Inc.
(a)
...........
226
1,421
Flowers
Foods,
Inc.
................
34
345
Freshpet,
Inc.
(a)
...................
40
30,818
General
Mills,
Inc.
.................
2,156
39,123
Hormel
Foods
Corp.
................
1,365
497
Ingredion,
Inc.
....................
58
24,365
Kellanova
.......................
1,396
83,435
Lamb
Weston
Holdings,
Inc.
..........
8,889
19,566
McCormick
&
Co.,
Inc.
.............
1,503
49,749
Mondelez
International,
Inc.
,
Class
-
A
...
3,483
353
Pilgrim's
Pride
Corp.
(a)
.............
12
409
Post
Holdings,
Inc.
(a)
...............
43
2
Seaboard
Corp.
...................
6
8,846
The
Hershey
Co.
..................
1,721
10,192
The
J.M.
Smucker
Co.
..............
1,283
49,962
The
Kraft
Heinz
Co.
................
1,843
22,071
Tyson
Foods,
Inc.
,
Class
-
A
..........
1,296
483
WK
Kellogg
Co.
..................
9
30,720
Gas
Utilities
—
0
.05
%
10,888
Atmos
Energy
Corp.
................
1,294
665
National
Fuel
Gas
Co.
..............
36
1,588
UGI
Corp.
.......................
39
1,369
Ground
Transportation
—
1
.52
%
154
Avis
Budget
Group,
Inc.
.............
19
89,703
Canadian
Pacific
Kansas
City
Ltd.
......
7,908
64,615
CSX
Corp.
.......................
2,395
1,015
Hertz
Global
Holdings,
Inc.
(a)
........
8
19
HC
CAPITAL
TRUST
The
Institutional
U.S.
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Ground
Transportation
(continued)
2,718
JB
Hunt
Transport
Services,
Inc.
.......
$
542
7,187
Knight-Swift
Transportation
Holdings,
Inc.
396
271
Landstar
System,
Inc.
...............
52
2,678
Lyft,
Inc.
,
Class
-
A
(a)
..............
52
7,607
Norfolk
Southern
Corp.
.............
1,938
5,758
Old
Dominion
Freight
Line,
Inc.
.......
1,263
346
Ryder
System,
Inc.
.................
42
201
Saia,
Inc.
(a)
......................
118
410
Schneider
National,
Inc.
,
Class
-
B
......
9
151,752
Uber
Technologies,
Inc.
(a)
...........
11,683
68
U-Haul
Holding
Co.
(a)
..............
5
3,169
U-Haul
Holding
Co.
................
212
50,163
Union
Pacific
Corp.
................
12,336
860
XPO,
Inc.
(a)
.....................
105
39,083
Health
Care
Equipment
&
Supplies
—
1
.80
%
54,853
Abbott
Laboratories
................
6,235
2,151
Align
Technology,
Inc.
(a)
............
705
30,612
Baxter
International,
Inc.
............
1,309
11,543
Becton
Dickinson
&
Co.
.............
2,856
165,406
Boston
Scientific
Corp.
(a)
............
11,329
1,625
DENTSPLY
SIRONA,
Inc.
...........
54
11,319
Dexcom,
Inc.
(a)
...................
1,570
17,736
Edwards
Lifesciences
Corp.
(a)
........
1,694
384
Enovis
Corp.
(a)
...................
24
1,234
Envista
Holdings
Corp.
(a)
............
26
16,459
GE
HealthCare
Technologies,
Inc.
......
1,497
897
Globus
Medical,
Inc.
(a)
.............
48
14,183
Hologic,
Inc.
(a)
...................
1,106
153
ICU
Medical,
Inc.
(a)
...............
16
2,426
IDEXX
Laboratories,
Inc.
(a)
..........
1,310
217
Inspire
Medical
Systems,
Inc.
(a)
.......
47
2,033
Insulet
Corp.
(a)
...................
348
549
Integra
LifeSciences
Holdings
Corp.
(a)
..
19
10,384
Intuitive
Surgical,
Inc.
(a)
............
4,144
360
Masimo
Corp.
(a)
..................
53
45,606
Medtronic
PLC
...................
3,975
784
Novocure
Ltd.
(a)
..................
12
270
Penumbra,
Inc.
(a)
..................
60
403
QuidelOrtho
Corp.
(a)
...............
19
5,323
ResMed,
Inc.
.....................
1,055
274
Shockwave
Medical,
Inc.
(a)
..........
89
3,583
STERIS
PLC
.....................
806
10,208
Stryker
Corp.
.....................
3,653
484
Tandem
Diabetes
Care,
Inc.
(a)
.........
17
1,375
Teleflex,
Inc.
.....................
311
5,763
The
Cooper
Cos.,
Inc.
...............
585
8,836
Zimmer
Biomet
Holdings,
Inc.
........
1,166
46,138
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Health
Care
Providers
&
Services
—
2
.10
%
675
Acadia
Healthcare
Co.,
Inc.
(a)
.........
$
53
2,205
agilon
health,
Inc.
(a)
................
13
243
Amedisys,
Inc.
(a)
..................
22
128,302
Brookdale
Senior
Living,
Inc.
(a)
.......
848
14,316
Cardinal
Health,
Inc.
...............
1,602
8,436
Cencora,
Inc.
.....................
2,049
24,179
Centene
Corp.
(a)
..................
1,897
111
Chemed
Corp.
....................
71
46,718
CVS
Health
Corp.
.................
3,726
7,129
DaVita,
Inc.
(a)
....................
984
8,281
Elevance
Health,
Inc.
...............
4,293
743
Encompass
Health
Corp.
.............
61
6,155
HCA
Healthcare,
Inc.
...............
2,053
11,070
Henry
Schein,
Inc.
(a)
...............
836
5,862
Humana,
Inc.
.....................
2,033
4,766
Laboratory
Corp.
of
America
Holdings
...
1,042
20,741
McKesson
Corp.
..................
11,137
3,158
Molina
Healthcare,
Inc.
(a)
...........
1,297
893
Premier,
Inc.
,
Class
-
A
..............
20
9,240
Quest
Diagnostics,
Inc.
..............
1,231
1,155
R1
RCM,
Inc.
(a)
..................
15
762
Tenet
Healthcare
Corp.
(a)
............
80
10,543
The
Cigna
Group
..................
3,829
28,584
UnitedHealth
Group,
Inc.
............
14,141
2,366
Universal
Health
Services,
Inc.
,
Class
-
B
.
432
53,765
Health
Care
REITs
—
0
.43
%
140,598
American
Healthcare
REIT,
Inc.
.......
2,074
73,993
CareTrust
REIT,
Inc.
...............
1,803
2,876
Healthcare
Realty
Trust,
Inc.
..........
41
41,563
Healthpeak
Properties,
Inc.
...........
780
4,504
Medical
Properties
Trust,
Inc.
.........
21
1,782
Omega
Healthcare
Investors,
Inc.
......
56
20,286
Ventas,
Inc.
......................
884
58,720
Welltower,
Inc.
....................
5,486
11,145
Health
Care
Technology
—
0
.04
%
881
Certara,
Inc.
(a)
....................
16
848
Doximity,
Inc.
,
Class
-
A
(a)
...........
23
1,218
Teladoc
Health,
Inc.
(a)
..............
18
4,419
Veeva
Systems,
Inc.
,
Class
-
A
(a)
.......
1,024
1,081
Hotel
&
Resort
REITs
—
0
.08
%
20,606
Host
Hotels
&
Resorts,
Inc.
...........
426
1,690
Park
Hotels
&
Resorts,
Inc.
...........
30
14,701
Ryman
Hospitality
Properties,
Inc.
......
1,699
2,155
20
HC
CAPITAL
TRUST
The
Institutional
U.S.
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Hotels,
Restaurants
&
Leisure
—
2
.17
%
12,629
Airbnb,
Inc.
,
Class
-
A
(a)
............
$
2,083
1,994
Aramark
........................
65
1,030
Booking
Holdings,
Inc.
..............
3,736
555
Boyd
Gaming
Corp.
................
37
6,291
Caesars
Entertainment,
Inc.
(a)
.........
275
29,421
Carnival
Corp.
(a)
..................
481
368
Cava
Group,
Inc.
(a)
................
26
806
Chipotle
Mexican
Grill,
Inc.
(a)
........
2,343
229
Choice
Hotels
International,
Inc.
.......
29
541
Churchill
Downs,
Inc.
...............
67
4,126
Darden
Restaurants,
Inc.
.............
689
2,013
Domino's
Pizza,
Inc.
................
1,000
7,995
DoorDash,
Inc.
,
Class
-
A
(a)
..........
1,101
12,250
DraftKings,
Inc.
(a)
.................
556
3,971
Expedia
Group,
Inc.
(a)
..............
547
46,988
Hilton
Worldwide
Holdings,
Inc.
.......
10,023
6,990
Hyatt
Hotels
Corp.
,
Class
-
A
.........
1,116
150,697
Las
Vegas
Sands
Corp.
..............
7,792
11,423
Marriott
International,
Inc.
,
Class
-
A
....
2,883
284
Marriott
Vacations
Worldwide
Corp.
....
31
23,795
McDonald's
Corp.
.................
6,709
8,206
MGM
Resorts
International
(a)
.........
387
3,172
Norwegian
Cruise
Line
Holdings
Ltd.
(a)
.
66
1,172
Penn
Entertainment,
Inc.
(a)
...........
21
113,466
Planet
Fitness,
Inc.
,
Class
-
A
(a)
.......
7,107
7,062
Royal
Caribbean
Cruises
Ltd.
(a)
.......
982
33,134
Starbucks
Corp.
...................
3,028
505
Texas
Roadhouse,
Inc.
..............
78
1,293
The
Wendy's
Co.
..................
24
560
Travel
+
Leisure
Co.
................
27
1,150
Vail
Resorts,
Inc.
..................
256
226
Wingstop,
Inc.
....................
83
635
Wyndham
Hotels
&
Resorts,
Inc.
.......
49
3,001
Wynn
Resorts
Ltd.
.................
307
12,067
Yum!
Brands,
Inc.
.................
1,673
55,677
Household
Durables
—
0
.56
%
12,487
D.R.
Horton,
Inc.
..................
2,055
4,466
Garmin
Ltd.
......................
665
1,009
Leggett
&
Platt,
Inc.
................
19
7,294
Lennar
Corp.
,
Class
-
A
..............
1,254
112
Lennar
Corp.
,
Class
-
B
.............
17
399
Mohawk
Industries,
Inc.
(a)
...........
52
2,863
Newell
Brands,
Inc.
................
23
91
NVR,
Inc.
(a)
.....................
737
6,344
PulteGroup,
Inc.
...................
765
151,246
Tempur
Sealy
International,
Inc.
.......
8,595
836
Toll
Brothers,
Inc.
.................
108
242
TopBuild
Corp.
(a)
.................
107
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Household
Durables
(continued)
404
Whirlpool
Corp.
...................
$
48
14,445
Household
Products
—
0
.80
%
1,016
BJ's
Wholesale
Club
Holdings,
Inc.
(a)
...
77
15,986
Church
&
Dwight
Co.,
Inc.
...........
1,667
33,552
Colgate-Palmolive
Co.
..............
3,022
17,235
Kimberly-Clark
Corp.
...............
2,229
412
Reynolds
Consumer
Products,
Inc.
.....
12
302
Spectrum
Brands
Holdings,
Inc.
.......
27
9,113
The
Clorox
Co.
...................
1,395
74,415
The
Procter
&
Gamble
Co.
...........
12,074
20,503
Independent
Power
and
Renewable
Electricity
Producers
—
0
.06
%
968
Brookfield
Renewable
Corp.
,
Class
-
A
..
24
261
Clearway
Energy,
Inc.
,
Class
-
A
.......
6
618
Clearway
Energy,
Inc.
,
Class
-
C
.......
14
19,520
The
AES
Corp.
...................
350
18,223
Vistra
Corp.
......................
1,269
1,663
Industrial
Conglomerates
—
0
.83
%
20,617
3M
Co.
.........................
2,187
84,056
General
Electric
Co.
................
14,754
21,065
Honeywell
International,
Inc.
.........
4,324
21,265
Industrial
REITs
—
0
.58
%
2,173
Americold
Realty
Trust,
Inc.
..........
54
11,642
EastGroup
Properties,
Inc.
...........
2,093
999
First
Industrial
Realty
Trust,
Inc.
.......
52
61,437
Plymouth
Industrial
REIT,
Inc.
........
1,382
86,028
Prologis,
Inc.
.....................
11,203
1,562
Rexford
Industrial
Realty,
Inc.
.........
79
1,356
STAG
Industrial,
Inc.
...............
52
14,915
Insurance
—
1
.94
%
22,746
Aflac,
Inc.
.......................
1,953
6,149
American
Financial
Group,
Inc.
........
840
20,742
American
International
Group,
Inc.
.....
1,622
7,066
Aon
PLC
,
Class
-
A
................
2,358
17,436
Arch
Capital
Group
Ltd.
(a)
...........
1,613
7,826
Arthur
J.
Gallagher
&
Co.
............
1,957
4,972
Assurant,
Inc.
....................
936
437
Assured
Guaranty
Ltd.
..............
38
590
Axis
Capital
Holdings
Ltd.
...........
38
514
Brighthouse
Financial,
Inc.
(a)
.........
26
8,994
Brown
&
Brown,
Inc.
...............
787
21
HC
CAPITAL
TRUST
The
Institutional
U.S.
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Insurance
(continued)
14,444
Chubb
Ltd.
......................
$
3,742
7,091
Cincinnati
Financial
Corp.
...........
881
207
CNA
Financial
Corp.
...............
9
2,155
Erie
Indemnity
Co.
,
Class
-
A
.........
866
2,881
Everest
Group
Ltd.
.................
1,145
7,555
Fidelity
National
Financial,
Inc.
.......
402
765
First
American
Financial
Corp.
........
47
6,496
Globe
Life,
Inc.
...................
756
482
Kemper
Corp.
....................
30
165
Kinsale
Capital
Group,
Inc.
...........
87
1,287
Lincoln
National
Corp.
..............
41
11,943
Loews
Corp.
.....................
935
764
Markel
Group,
Inc.
(a)
...............
1,163
16,297
Marsh
&
McLennan
Cos.,
Inc.
........
3,356
21,710
MetLife,
Inc.
.....................
1,608
2,054
Old
Republic
International
Corp.
.......
63
278
Primerica,
Inc.
....................
70
6,973
Principal
Financial
Group,
Inc.
........
602
10,559
Prudential
Financial,
Inc.
............
1,240
507
Reinsurance
Group
of
America,
Inc.
....
98
396
RenaissanceRe
Holdings
Ltd.
.........
93
304
RLI
Corp.
.......................
45
692
Ryan
Specialty
Holdings,
Inc.
.........
38
11,232
The
Allstate
Corp.
.................
1,943
268
The
Hanover
Insurance
Group,
Inc.
.....
36
14,153
The
Hartford
Financial
Services
Group,
Inc.
1,459
21,109
The
Progressive
Corp.
..............
4,365
9,964
The
Travelers
Cos.,
Inc.
.............
2,293
1,503
Unum
Group
.....................
81
14,090
W.R.
Berkley
Corp.
................
1,246
19
White
Mountains
Insurance
Group
Ltd.
..
34
32,161
Willis
Towers
Watson
PLC
...........
8,844
49,786
Interactive
Media
&
Services
—
4
.10
%
226,392
Alphabet,
Inc.
,
Class
-
A
(a)
...........
34,168
150,638
Alphabet,
Inc.
,
Class
-
C
(a)
...........
22,936
583
IAC,
Inc.
(a)
......................
31
8,183
Match
Group,
Inc.
(a)
...............
297
81,359
Meta
Platforms,
Inc.
,
Class
-
A
........
39,507
229,684
Pinterest,
Inc.
,
Class
-
A
(a)
...........
7,963
22,614
Snap,
Inc.
,
Class
-
A
(a)
..............
260
775
TripAdvisor,
Inc.
(a)
................
22
2,357
ZoomInfo
Technologies,
Inc.
(a)
........
38
105,222
IT
Services
—
1
.12
%
18,510
Accenture
PLC
,
Class
-
A
............
6,415
6,901
Akamai
Technologies,
Inc.
(a)
.........
751
901
Amdocs
Ltd.
.....................
81
8,666
Cloudflare,
Inc.
,
Class
-
A
(a)
..........
839
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
IT
Services
(continued)
14,688
Cognizant
Technology
Solutions
Corp.
,
Class
-
A
....................
$
1,076
1,745
DXC
Technology
Co.
(a)
.............
37
1,676
EPAM
Systems,
Inc.
(a)
..............
463
2,268
Gartner,
Inc.
(a)
...................
1,081
309
Globant
SA
(a)
....................
62
72,272
GoDaddy,
Inc.
,
Class
-
A
(a)
...........
8,578
30,582
International
Business
Machines
Corp.
...
5,840
1,741
Kyndryl
Holdings,
Inc.
(a)
............
38
2,080
MongoDB,
Inc.
(a)
.................
746
4,568
Okta,
Inc.
(a)
.....................
478
8,470
Snowflake,
Inc.
,
Class
-
A
(a)
..........
1,369
5,012
Twilio,
Inc.
,
Class
-
A
(a)
.............
306
2,666
VeriSign,
Inc.
(a)
...................
506
28,666
Leisure
Products
—
0
.02
%
548
Brunswick
Corp.
..................
53
92
Empire
Resorts,
Inc.
(a)
(b)
............
–
4,038
Hasbro,
Inc.
......................
228
2,666
Mattel,
Inc.
(a)
....................
53
2,337
Peloton
Interactive,
Inc.
,
Class
-
A
(a)
....
10
417
Polaris,
Inc.
......................
42
654
YETI
Holdings,
Inc.
(a)
..............
25
411
Life
Sciences
Tools
&
Services
—
1
.41
%
698
10X
Genomics,
Inc.
,
Class
-
A
(a)
.......
26
8,568
Agilent
Technologies,
Inc.
............
1,247
19,735
Avantor,
Inc.
(a)
...................
504
518
Azenta,
Inc.
(a)
....................
31
23,833
Bio-Rad
Laboratories,
Inc.
,
Class
-
A
(a)
..
8,243
4,593
Bio-Techne
Corp.
..................
323
813
Bruker
Corp.
.....................
76
1,491
Charles
River
Laboratories
International,
Inc.
(a)
......................
404
20,359
Danaher
Corp.
....................
5,084
672
Fortrea
Holdings,
Inc.
(a)
.............
27
625
ICON
PLC
(a)
....................
210
4,630
Illumina,
Inc.
(a)
...................
636
5,341
IQVIA
Holdings,
Inc.
(a)
.............
1,351
833
Maravai
LifeSciences
Holdings,
Inc.
,
Class
-
A
(a)
.......................
7
176
Medpace
Holdings,
Inc.
(a)
...........
71
632
Mettler-Toledo
International,
Inc.
(a)
....
842
1,668
QIAGEN
N.V.
(a)
..................
72
1,565
Repligen
Corp.
(a)
..................
288
3,627
Revvity,
Inc.
.....................
380
750
Sotera
Health
Co.
(a)
................
9
25,390
Thermo
Fisher
Scientific,
Inc.
.........
14,758
1,725
Waters
Corp.
(a)
...................
594
22
HC
CAPITAL
TRUST
The
Institutional
U.S.
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Life
Sciences
Tools
&
Services
(continued)
2,162
West
Pharmaceutical
Services,
Inc.
.....
$
855
36,038
Machinery
—
1
.12
%
471
AGCO
Corp.
.....................
58
699
Allison
Transmission
Holdings,
Inc.
....
57
15,736
Caterpillar,
Inc.
...................
5,765
29,017
CNH
Industrial
N.V.
(a)
..............
376
357
Crane
Co.
.......................
48
5,143
Cummins,
Inc.
....................
1,516
8,521
Deere
&
Co.
.....................
3,499
921
Donaldson
Co.,
Inc.
................
69
4,095
Dover
Corp.
......................
725
430
Esab
Corp.
.......................
48
987
Flowserve
Corp.
...................
45
10,295
Fortive
Corp.
.....................
886
1,263
Gates
Industrial
Corp.
PLC
(a)
.........
22
4,911
Graco,
Inc.
......................
459
3,357
IDEX
Corp.
......................
819
9,887
Illinois
Tool
Works,
Inc.
.............
2,653
11,849
Ingersoll
Rand,
Inc.
................
1,126
633
ITT,
Inc.
........................
86
425
Lincoln
Electric
Holdings,
Inc.
........
109
1,626
Nordson
Corp.
....................
446
498
Oshkosh
Corp.
....................
62
14,362
Otis
Worldwide
Corp.
...............
1,426
18,173
PACCAR,
Inc.
....................
2,251
3,756
Parker-Hannifin
Corp.
..............
2,088
4,828
Pentair
PLC
......................
413
214
RBC
Bearings,
Inc.
(a)
..............
58
2,681
Snap-on,
Inc.
.....................
794
4,480
Stanley
Black
&
Decker,
Inc.
.........
438
406
The
Middleby
Corp.
(a)
..............
65
464
The
Timken
Co.
...................
41
5,804
The
Toro
Co.
.....................
532
5,231
Westinghouse
Air
Brake
Technologies
Corp.
762
7,039
Xylem,
Inc.
......................
910
28,652
Marine
Transportation
—
0
.00
%
453
Kirby
Corp.
(a)
....................
43
Media
—
0
.45
%
44
Cable
One,
Inc.
...................
19
3,562
Charter
Communications,
Inc.
,
Class
-
A
(a)
1,035
125,767
Comcast
Corp.
,
Class
-
A
............
5,454
24,184
Fox
Corp.
,
Class
-
A
................
756
20,771
Fox
Corp.
,
Class
-
B
................
594
132
Liberty
Broadband
Corp.
,
Class
-
A
(a)
...
8
5,108
Liberty
Broadband
Corp.
,
Class
-
C
(a)
...
292
4,244
Liberty
Media
Corp.-Liberty
SiriusXM
(a)
126
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Media
(continued)
569
Liberty
Media
Corp.-Liberty
SiriusXM
(a)
$
17
11,254
News
Corp.
,
Class
-
A
...............
294
897
News
Corp.
,
Class
-
B
..............
24
258
Nexstar
Media
Group,
Inc.
...........
44
8,895
Omnicom
Group,
Inc.
...............
860
70
Paramount
Global
,
Class
-
A
..........
2
13,529
Paramount
Global
,
Class
-
B
..........
159
102,871
Sirius
XM
Holdings,
Inc.
^
...........
399
11,336
The
Interpublic
Group
of
Cos.,
Inc.
.....
370
1,232
The
New
York
Times
Co.
,
Class
-
A
.....
53
13,058
The
Trade
Desk,
Inc.
,
Class
-
A
(a)
......
1,142
11,648
Metals
&
Mining
—
0
.29
%
1,341
Alcoa
Corp.
......................
45
14,827
Cleveland-Cliffs,
Inc.
(a)
.............
337
41,939
Freeport-McMoRan,
Inc.
............
1,973
785
MP
Materials
Corp.
(a)
..............
11
57,333
Newmont
Corp.
...................
2,054
7,226
Nucor
Corp.
......................
1,430
2,372
Reliance,
Inc.
.....................
793
497
Royal
Gold,
Inc.
...................
61
648
Southern
Copper
Corp.
..............
69
1,562
SSR
Mining,
Inc.
..................
7
4,538
Steel
Dynamics,
Inc.
................
673
1,703
United
States
Steel
Corp.
............
69
7,522
Mortgage
Real
Estate
Investment
Trusts
(REITs)
—
0
.02
%
5,308
AGNC
Investment
Corp.
............
53
14,557
Annaly
Capital
Management,
Inc.
......
286
3,639
Rithm
Capital
Corp.
................
41
2,215
Starwood
Property
Trust,
Inc.
.........
45
425
Multi-Utilities
—
0
.61
%
18,606
Ameren
Corp.
....................
1,375
41,264
CenterPoint
Energy,
Inc.
.............
1,175
22,866
CMS
Energy
Corp.
.................
1,381
19,672
Consolidated
Edison,
Inc.
............
1,787
41,887
Dominion
Energy,
Inc.
..............
2,060
13,270
DTE
Energy
Co.
..................
1,489
40,732
NiSource,
Inc.
....................
1,126
25,802
Public
Service
Enterprise
Group,
Inc.
....
1,723
27,528
Sempra
.........................
1,976
19,858
WEC
Energy
Group,
Inc.
............
1,632
15,724
Office
REITs
—
0
.16
%
4,908
Alexandria
Real
Estate
Equities,
Inc.
....
632
23
HC
CAPITAL
TRUST
The
Institutional
U.S.
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Office
REITs
(continued)
4,447
Boston
Properties,
Inc.
..............
$
291
1,145
Cousins
Properties,
Inc.
.............
28
788
Highwoods
Properties,
Inc.
...........
21
30,914
Kilroy
Realty
Corp.
................
1,126
106
NET
Lease
Office
Properties
..........
3
34,475
SL
Green
Realty
Corp.
..............
1,900
1,338
Vornado
Realty
Trust
...............
38
4,039
Oil,
Gas
&
Consumable
Fuels
—
2
.26
%
2,550
Antero
Midstream
Corp.
.............
36
2,151
Antero
Resources
Corp.
(a)
...........
62
9,055
APA
Corp.
.......................
312
10,608
Cheniere
Energy,
Inc.
...............
1,711
7,599
Chesapeake
Energy
Corp.
............
675
56,281
Chevron
Corp.
....................
8,878
39,469
ConocoPhillips
...................
5,025
40,386
Coterra
Energy,
Inc.
................
1,126
18,748
Devon
Energy
Corp.
................
941
6,043
Diamondback
Energy,
Inc.
...........
1,197
735
DT
Midstream,
Inc.
................
45
21,209
EOG
Resources,
Inc.
...............
2,711
11,175
EQT
Corp.
.......................
414
123,943
Exxon
Mobil
Corp.
................
14,408
8,113
Hess
Corp.
.......................
1,238
12,491
HF
Sinclair
Corp.
..................
754
91,084
Kinder
Morgan,
Inc.
................
1,670
17,332
Marathon
Oil
Corp.
................
491
13,457
Marathon
Petroleum
Corp.
...........
2,711
418
New
Fortress
Energy,
Inc.
............
13
23,104
Occidental
Petroleum
Corp.
..........
1,502
17,057
ONEOK,
Inc.
.....................
1,368
7,540
Ovintiv,
Inc.
.....................
391
16,322
Phillips
66
.......................
2,665
6,829
Pioneer
Natural
Resources
Co.
........
1,793
1,786
Range
Resources
Corp.
..............
61
8,345
Southwestern
Energy
Co.
(a)
..........
63
6,272
Targa
Resources
Corp.
..............
702
909
Texas
Pacific
Land
Corp.
............
526
52,429
The
Williams
Cos.,
Inc.
.............
2,043
13,356
Valero
Energy
Corp.
................
2,280
57,812
Paper
&
Forest
Products
—
0
.00
%
485
Louisiana-Pacific
Corp.
.............
41
Passenger
Airlines
—
0
.03
%
949
Alaska
Air
Group,
Inc.
(a)
............
41
4,899
American
Airlines
Group,
Inc.
(a)
.......
75
8,542
Delta
Air
Lines,
Inc.
................
410
7,280
Southwest
Airlines
Co.
..............
212
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Passenger
Airlines
(continued)
2,474
United
Airlines
Holdings,
Inc.
(a)
.......
$
118
856
Personal
Care
Products
—
0
.09
%
2,665
Coty,
Inc.
,
Class
-
A
(a)
..............
32
50,569
Kenvue,
Inc.
.....................
1,086
943
Olaplex
Holdings,
Inc.
(a)
............
2
7,387
The
Estee
Lauder
Cos.,
Inc.
..........
1,138
2,258
Pharmaceuticals
—
2
.53
%
77,906
Bristol-Myers
Squibb
Co.
............
4,226
5,271
Catalent,
Inc.
(a)
...................
298
3,702
Elanco
Animal
Health,
Inc.
(a)
.........
60
35,019
Eli
Lilly
&
Co.
....................
27,243
61
Jazz
Pharmaceuticals
PLC
(a)
.........
7
5,554
Jazz
Pharmaceuticals
PLC
(a)
.........
668
76,292
Johnson
&
Johnson
................
12,070
81,580
Merck
&
Co.,
Inc.
.................
10,764
1,927
Organon
&
Co.
...................
36
1,019
Perrigo
Co.
PLC
..................
33
195,504
Pfizer,
Inc.
.......................
5,426
29,960
Royalty
Pharma
PLC
,
Class
-
A
........
910
60,682
Viatris,
Inc.
......................
724
13,478
Zoetis,
Inc.
......................
2,280
64,745
Professional
Services
—
0
.81
%
12,784
Automatic
Data
Processing,
Inc.
.......
3,192
8,407
Booz
Allen
Hamilton
Holding
Corp.
....
1,248
3,972
Broadridge
Financial
Solutions,
Inc.
....
813
171
CACI
International,
Inc.
,
Class
-
A
(a)
...
65
3,580
Clarivate
PLC
(a)
..................
27
322
Concentrix
Corp.
..................
21
4,341
Dayforce,
Inc.
(a)
..................
288
1,907
Dun
&
Bradstreet
Holdings,
Inc.
.......
19
3,598
Equifax,
Inc.
.....................
962
256
FTI
Consulting,
Inc.
(a)
..............
54
1,353
Genpact
Ltd.
.....................
45
4,601
Jacobs
Solutions,
Inc.
...............
707
1,034
KBR,
Inc.
.......................
66
9,509
Leidos
Holdings,
Inc.
...............
1,246
381
ManpowerGroup,
Inc.
..............
30
9,476
Paychex,
Inc.
.....................
1,164
1,569
Paycom
Software,
Inc.
..............
312
461
Paycor
HCM,
Inc.
(a)
...............
9
1,337
Paylocity
Holding
Corp.
(a)
...........
229
3,169
Robert
Half,
Inc.
..................
252
417
Science
Applications
International
Corp.
.
54
6,486
SS&C
Technologies
Holdings,
Inc.
.....
418
103,685
TransUnion
......................
8,274
24
HC
CAPITAL
TRUST
The
Institutional
U.S.
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Professional
Services
(continued)
5,637
Verisk
Analytics,
Inc.
...............
$
1,329
20,824
Real
Estate
Management
&
Development
—
0
.19
%
21,202
CBRE
Group,
Inc.
,
Class
-
A
(a)
........
2,062
31,206
Corp.
Inmobiliaria
Vesta
Sab
de
CV
,
ADR
1,225
11,935
CoStar
Group,
Inc.
(a)
...............
1,153
254
Howard
Hughes
Holdings,
Inc.
(a)
......
18
362
Jones
Lang
LaSalle,
Inc.
(a)
...........
71
427
Zillow
Group,
Inc.
,
Class
-
A
(a)
........
20
4,554
Zillow
Group,
Inc.
,
Class
-
C
(a)
........
222
4,771
Residential
REITs
—
0
.77
%
78,247
American
Homes
4
Rent
,
Class
-
A
.....
2,878
1,135
Apartment
Income
REIT
Corp.
........
37
25,693
AvalonBay
Communities,
Inc.
.........
4,766
7,717
Camden
Property
Trust
..............
759
11,737
Equity
LifeStyle
Properties,
Inc.
.......
756
17,069
Equity
Residential
.................
1,078
17,647
Essex
Property
Trust,
Inc.
............
4,319
25,067
Invitation
Homes,
Inc.
..............
893
6,408
Mid-America
Apartment
Communities,
Inc.
844
15,497
Sun
Communities,
Inc.
..............
1,993
17,284
UDR,
Inc.
.......................
647
48,723
Veris
Residential,
Inc.
...............
741
19,711
Retail
REITs
—
0
.58
%
60,702
Acadia
Realty
Trust
................
1,033
758
Agree
Realty
Corp.
................
43
51,191
Brixmor
Property
Group,
Inc.
.........
1,200
609
Federal
Realty
Investment
Trust
.......
62
19,641
Kimco
Realty
Corp.
................
385
46,418
NETSTREIT
Corp.
................
853
1,373
NNN
REIT,
Inc.
...................
59
30,830
Phillips
Edison
&
Co.,
Inc.
...........
1,106
35,760
Realty
Income
Corp.
...............
1,934
7,464
Regency
Centers
Corp.
..............
452
35,855
Simon
Property
Group,
Inc.
..........
5,612
50,694
Tanger,
Inc.
......................
1,497
32,224
The
Macerich
Co.
.................
555
14,791
Semiconductors
&
Semiconductor
Equipment
—
6
.27
%
47,457
Advanced
Micro
Devices,
Inc.
(a)
.......
8,566
503
Allegro
MicroSystems,
Inc.
(a)
.........
14
14,721
Analog
Devices,
Inc.
...............
2,911
65,410
Applied
Materials,
Inc.
..............
13,489
12,985
Broadcom,
Inc.
...................
17,210
416
Cirrus
Logic,
Inc.
(a)
................
39
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Semiconductors
&
Semiconductor
Equipment
(continued)
3,961
Enphase
Energy,
Inc.
(a)
.............
$
479
4,376
Entegris,
Inc.
.....................
615
3,001
First
Solar,
Inc.
(a)
.................
507
592
GLOBALFOUNDRIES,
Inc.
(a)
.......
31
124,328
Intel
Corp.
.......................
5,492
4,032
KLA
Corp.
......................
2,816
3,896
Lam
Research
Corp.
................
3,785
4,011
Lattice
Semiconductor
Corp.
(a)
........
313
25,249
Marvell
Technology,
Inc.
............
1,790
15,825
Microchip
Technology,
Inc.
...........
1,419
32,571
Micron
Technology,
Inc.
.............
3,839
501
MKS
Instruments,
Inc.
..............
67
1,388
Monolithic
Power
Systems,
Inc.
.......
940
82,278
NVIDIA
Corp.
....................
74,344
5,576
NXP
Semiconductors
N.V.
...........
1,382
12,628
ON
Semiconductor
Corp.
(a)
..........
928
2,870
Qorvo,
Inc.
(a)
....................
330
32,930
QUALCOMM,
Inc.
................
5,575
4,674
Skyworks
Solutions,
Inc.
............
507
58,874
Taiwan
Semiconductor
Manufacturing
Co.
Ltd.
,
ADR
...................
8,010
4,492
Teradyne,
Inc.
....................
507
26,613
Texas
Instruments,
Inc.
..............
4,636
353
Universal
Display
Corp.
.............
59
934
Wolfspeed,
Inc.
(a)
.................
28
160,628
Software
—
7
.28
%
25,879
Adobe,
Inc.
(a)
....................
13,059
2,540
ANSYS,
Inc.
(a)
...................
882
5,538
AppLovin
Corp.
,
Class
-
A
(a)
.........
383
2,053
Aspen
Technology,
Inc.
(a)
............
438
4,540
Atlassian
Corp.
,
Class
-
A
(a)
..........
886
6,276
Autodesk,
Inc.
(a)
..................
1,634
6,087
Bentley
Systems,
Inc.
,
Class
-
B
.......
318
3,021
BILL
Holdings,
Inc.
(a)
..............
207
7,988
Cadence
Design
Systems,
Inc.
(a)
.......
2,486
2,596
CCC
Intelligent
Solutions
Holdings,
Inc.
(a)
31
5,674
Confluent,
Inc.
,
Class
-
A
(a)
..........
174
2,109
Corpay,
Inc.
(a)
....................
651
29,287
Crowdstrike
Holdings,
Inc.
,
Class
-
A
(a)
.
9,388
8,051
Datadog,
Inc.
,
Class
-
A
(a)
...........
995
5,971
DocuSign,
Inc.
(a)
..................
355
449
Dolby
Laboratories,
Inc.
,
Class
-
A
.....
38
1,050
DoubleVerify
Holdings,
Inc.
(a)
........
37
8,055
Dropbox,
Inc.
,
Class
-
A
(a)
...........
196
7,933
Dynatrace,
Inc.
(a)
.................
368
615
Elastic
N.V.
(a)
....................
62
720
Fair
Isaac
Corp.
(a)
.................
900
531
Five9,
Inc.
(a)
.....................
33
19,085
Fortinet,
Inc.
(a)
...................
1,303
25
HC
CAPITAL
TRUST
The
Institutional
U.S.
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Software
(continued)
37,964
Gen
Digital,
Inc.
..................
$
850
663
Gitlab,
Inc.
,
Class
-
A
(a)
.............
39
622
Guidewire
Software,
Inc.
(a)
..........
73
701
HashiCorp,
Inc.
,
Class
-
A
(a)
..........
19
1,405
HubSpot,
Inc.
(a)
..................
880
279
Informatica,
Inc.
,
Class
-
A
(a)
.........
10
8,203
Intuit,
Inc.
.......................
5,332
1,794
Manhattan
Associates,
Inc.
(a)
.........
449
229,269
Microsoft
Corp.
...................
96,455
528
nCino,
Inc.
(a)
....................
20
974
NCR
Voyix
Corp.
(a)
................
12
1,858
Nutanix,
Inc.
,
Class
-
A
(a)
............
115
48,947
Oracle
Corp.
.....................
6,149
55,074
Palantir
Technologies,
Inc.
,
Class
-
A
(a)
..
1,267
9,170
Palo
Alto
Networks,
Inc.
(a)
...........
2,606
314
Pegasystems,
Inc.
..................
20
592
Procore
Technologies,
Inc.
(a)
.........
49
3,466
PTC,
Inc.
(a)
......................
654
646
RingCentral,
Inc.
,
Class
-
A
(a)
.........
22
3,785
Roper
Technologies,
Inc.
.............
2,123
54,565
Salesforce,
Inc.
...................
16,433
4,041
Samsara,
Inc.
,
Class
-
A
(a)
...........
153
1,746
SentinelOne,
Inc.
,
Class
-
A
(a)
........
41
6,046
ServiceNow,
Inc.
(a)
................
4,610
964
Smartsheet,
Inc.
,
Class
-
A
(a)
.........
37
4,500
Synopsys,
Inc.
(a)
..................
2,572
776
Teradata
Corp.
(a)
..................
30
1,225
Tyler
Technologies,
Inc.
(a)
...........
521
11,360
UiPath,
Inc.
,
Class
-
A
(a)
............
258
7,938
Unity
Software,
Inc.
(a)
..............
212
31,245
Workday,
Inc.
,
Class
-
A
(a)
...........
8,522
7,262
Zoom
Video
Communications,
Inc.
,
Class
-
A
(a)
.......................
475
2,608
Zscaler,
Inc.
(a)
....................
503
186,335
Specialized
REITs
—
1
.29
%
18,704
American
Tower
Corp.
..............
3,695
16,029
Crown
Castle,
Inc.
.................
1,696
45,296
CubeSmart
......................
2,049
30,544
Digital
Realty
Trust,
Inc.
.............
4,399
561
EPR
Properties
...................
24
9,446
Equinix,
Inc.
.....................
7,795
21,299
Extra
Space
Storage,
Inc.
............
3,130
16,785
Gaming
and
Leisure
Properties,
Inc.
....
773
34,860
Iron
Mountain,
Inc.
................
2,796
9,262
Lamar
Advertising
Co.
,
Class
-
A
.......
1,106
603
National
Storage
Affiliates
Trust
.......
24
6,473
Public
Storage
....................
1,878
1,105
Rayonier,
Inc.
....................
37
4,313
SBA
Communications
Corp.
..........
935
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Specialized
REITs
(continued)
64,534
VICI
Properties,
Inc.
...............
$
1,924
21,315
Weyerhaeuser
Co.
.................
766
33,027
Specialty
Retail
—
1
.84
%
449
Advance
Auto
Parts,
Inc.
............
38
230
AutoNation,
Inc.
(a)
................
38
727
AutoZone,
Inc.
(a)
..................
2,291
179,889
Bath
&
Body
Works,
Inc.
............
8,997
5,646
Best
Buy
Co.,
Inc.
.................
463
1,888
Burlington
Stores,
Inc.
(a)
............
438
4,615
CarMax,
Inc.
(a)
...................
402
1,766
Dick's
Sporting
Goods,
Inc.
...........
397
414
Five
Below,
Inc.
(a)
.................
75
783
Floor
&
Decor
Holdings,
Inc.
,
Class
-
A
(a)
101
2,036
GameStop
Corp.
,
Class
-
A
(a)
.........
25
206
Lithia
Motors,
Inc.
.................
62
17,023
Lowe's
Cos.,
Inc.
..................
4,336
149
Murphy
USA,
Inc.
.................
62
2,359
O'Reilly
Automotive,
Inc.
(a)
..........
2,664
152
Penske
Automotive
Group,
Inc.
........
25
610
Petco
Health
&
Wellness
Co.,
Inc.
(a)
....
1
123
RH
(a)
..........................
43
9,807
Ross
Stores,
Inc.
..................
1,440
1,475
The
Gap,
Inc.
.....................
41
29,380
The
Home
Depot,
Inc.
..............
11,270
114,326
The
TJX
Cos.,
Inc.
.................
11,595
3,833
Tractor
Supply
Co.
.................
1,004
1,425
Ulta
Beauty,
Inc.
(a)
................
745
1,302
Valvoline,
Inc.
(a)
..................
58
615
Victoria's
Secret
&
Co.
(a)
............
12
644
Wayfair,
Inc.
,
Class
-
A
(a)
............
44
1,815
Williams-Sonoma,
Inc.
..............
577
47,244
Technology
Hardware,
Storage
&
Peripherals
—
3
.36
%
472,778
Apple,
Inc.
......................
81,074
5,195
Dell
Technologies,
Inc.
,
Class
-
C
......
593
38,070
Hewlett
Packard
Enterprise
Co.
........
674
26,995
HP,
Inc.
.........................
815
6,073
NetApp,
Inc.
.....................
638
2,163
Pure
Storage,
Inc.
,
Class
-
A
(a)
........
112
4,309
Seagate
Technology
Holdings
PLC
.....
401
1,088
Super
Micro
Computer,
Inc.
(a)
........
1,099
9,513
Western
Digital
Corp.
(a)
.............
649
86,055
Textiles,
Apparel
&
Luxury
Goods
—
0
.23
%
227
Birkenstock
Holding
PLC
(a)
..........
11
930
Capri
Holdings
Ltd.
(a)
..............
42
283
Carter's,
Inc.
.....................
24
26
HC
CAPITAL
TRUST
The
Institutional
U.S.
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Textiles,
Apparel
&
Luxury
Goods
(continued)
273
Columbia
Sportswear
Co.
............
$
22
459
Crocs,
Inc.
(a)
.....................
66
755
Deckers
Outdoor
Corp.
(a)
............
710
3,344
Lululemon
Athletica,
Inc.
(a)
..........
1,306
35,444
NIKE,
Inc.
,
Class
-
B
...............
3,332
478
PVH
Corp.
......................
67
307
Ralph
Lauren
Corp.
................
58
1,015
Skechers
USA,
Inc.
,
Class
-
A
(a)
.......
62
1,791
Tapestry,
Inc.
.....................
85
1,429
Under
Armour,
Inc.
,
Class
-
A
(a)
.......
11
1,440
Under
Armour,
Inc.
,
Class
-
C
(a)
.......
10
2,652
V.F.
Corp.
.......................
41
5,847
Tobacco
—
0
.62
%
72,919
Altria
Group,
Inc.
..................
3,182
139,936
Philip
Morris
International,
Inc.
........
12,820
16,002
Trading
Companies
&
Distributors
—
0
.59
%
98,282
AerCap
Holdings
N.V.
(a)
............
8,541
472
AerCap
Holdings
N.V.
(a)
............
41
788
Air
Lease
Corp.
...................
41
1,330
Core
&
Main,
Inc.
,
Class
-
A
(a)
........
76
18,594
Fastenal
Co.
......................
1,434
5,963
Ferguson
PLC
....................
1,303
350
MSC
Industrial
Direct
Co.,
Inc.
........
34
337
SiteOne
Landscape
Supply,
Inc.
(a)
......
59
1,985
United
Rentals,
Inc.
................
1,431
1,606
W.W.
Grainger,
Inc.
................
1,634
989
Watsco,
Inc.
......................
427
338
WESCO
International,
Inc.
...........
58
15,079
Water
Utilities
—
0
.08
%
9,834
American
Water
Works
Co.,
Inc.
.......
1,202
22,528
Essential
Utilities,
Inc.
..............
834
2,036
Wireless
Telecommunication
Services
—
0
.12
%
18,438
T-Mobile
US,
Inc.
.................
3,009
Total
Common
Stocks
..............
1,983,355
Contingent
Rights
—
0
.00
%
Biotechnology
—
0
.00
%
14
Oncternal
Therapeutics,
Inc.
,
(a)
(b)
(c)
...
–
Shares
Security
Description
Value
(000)
Contingent
Rights
(continued)
Diversified
Telecommunication
Services
—
0
.00
%
338
Mirati
Therapeutics
CVR
,
01/01/26
(a)
(b)
.
$
–
Total
Contingent
Rights
............
–
Investment
Companies
—
20
.79
%
Domestic
Equity
Funds
—
16
.28
%
1,603,406
Invesco
S&P
500
Low
Volatility
ETF
....
105,616
247,110
iShares
Core
S&P
500
ETF
...........
129,914
211,260
iShares
Core
S&P
Total
U.S.
Stock
Market
ETF
.......................
24,358
12,288
iShares
Russell
1000
ETF
............
3,539
269,110
Vanguard
S&P
500
ETF
.............
129,361
93,660
Vanguard
Total
Stock
Market
ETF
......
24,342
417,130
Money
Market
Funds
—
4
.51
%
386,976
Federated
Hermes
Treasury
Obligations
Fund,
Institutional
Shares
,
5
.17
%
^^
(d)
387
115,351,827
State
Street
Institutional
Treasury
Plus
Money
Market
Fund,
Trust
Class
,
5
.20
%
(d)
....................
115,352
115,739
Total
Investment
Companies
.........
532,869
Purchased
Options
on
Futures
—
0
.02
%
Total
Purchased
Options
on
Futures
...
478
Total
Investments
(cost
$
1,658,034
)
—
98
.17
%
.....................
2,516,702
Other
assets
in
excess
of
liabilities
—
1
.83
%
......................
46,803
Net
Assets
-
100.00%
$
2,563,505
Amounts
designated
as
"—"
are
$0
or
have
been
rounded
to
$0.
^
All
or
part
of
this
security
was
on
loan
as
of
March
31,
2024.
^^
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
March
31,
2024.
(a)
Represents
non-income
producing
security.
(b)
Security
was
valued
using
significant
unobservable
inputs
as
of
March
31,
2024.
(c)
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.
(d)
Annualized
7-day
yield
as
of
period-end.
ADR—American
Depositary
Receipt
27
HC
CAPITAL
TRUST
The
Institutional
U.S.
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
The
following
table
reflects
the
percentage
of
total
net
assets
of
the
Portfolio
attributable
to
each
Specialist
Manager
as
of
March
31,
2024
.
Amounts
designated
as
"—"
indicate
the
Specialist
Manager
did
not
manage
any
holdings
in
that
category. 
ETF—Exchange-Traded
Fund
REIT—Real
Estate
Investment
Trust
The
Institutional
U.S.
Equity
Portfolio
Jennison
Associates,
LLC
Mellon
Investments
Corporation
Parametric
Portfolio
Associates,
LLC
Wellington
Management
Company,
LLC
Rhumbline
Advisers
Monashee
Investment
Management,
LLC
Total
Common
Stocks
......................................................
—
60.14
%
—
2.81
%
14.41
%
—
77.36
%
Contingent
Right
.....................................................
—
0.00
%
—
—
0.00
%
—
0.00
%
Investment
Companies
............................................
—
0.05
%
8.30
%
0.02
%
0.16
%
12.26
%
20.79
%
Purchased
Options
on
Futures
................................
—
—
0.01
—
—
0.01
%
0.02
%
Other
Assets
(Liabilities)
........................................
0.01
%
0.10
%
0.20
%
0.02
%
0.01
%
1.49
%
1.83
%
Total
Net
Assets
.................................................
0.01
%
60.29
%
8.51
%
2.85
%
14.58
%
13.76
%
100.00
The
following
table
reflects
the
open
derivative
positions
held
by
the
Portfolio
as
of
March
31,
2024
.
Futures
Contracts
Purchased
*
Description
Number
of
Contracts
Expiration
Date
Notional
Amount
(000)
Value
and
Unrealized
Appreciation/
(Depreciation)
(000)
E-Mini
S&P
500
Future
.........................
685
6/21/24
$
181,816
$
2,862
Russell
2000
Mini
Index
Future
...................
29
6/21/24
3,112
54
$
184,928
$
2,916
Total
Unrealized
Appreciation
.....................
$
2,916
Total
Unrealized
Depreciation
.....................
—
Total
Net
Unrealized
Appreciation/(Depreciation)
.......
$
2,916
*
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
March
31,
2024
were
as
follows:
Description
Put/Call
Number
of
Contracts
Notional
Amount
(000)
Exercise
Price
Expiration
Date
Value
(000)
E-Mini
S&P
500
Future
Option
.............
Call
25
$
6,813
$
5,450.00
5/31/24
$
(
52
)
E-Mini
S&P
500
Future
Option
.............
Call
25
6,781
5,425.00
5/31/24
(
62
)
E-Mini
S&P
500
Future
Option
.............
Call
25
6,875
5,500.00
6/21/24
(
52
)
E-Mini
S&P
500
Future
Option
.............
Call
25
6,813
5,450.00
6/21/24
(
71
)
E-Mini
S&P
500
Future
Option
.............
Call
25
6,750
5,400.00
6/21/24
(
94
)
E-Mini
S&P
500
Future
Option
.............
Call
25
6,938
5,550.00
6/28/24
(
62
)
E-Mini
S&P
500
Future
Option
.............
Call
25
6,875
5,500.00
6/28/24
(
83
)
E-Mini
S&P
500
Future
Option
.............
Put
58
12,615
4,350.00
4/19/24
(
4
)
E-Mini
S&P
500
Future
Option
.............
Put
57
12,896
4,525.00
4/19/24
(
5
)
28
HC
CAPITAL
TRUST
The
Institutional
U.S.
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Options
on
Futures
Contracts
(continued)
Description
Put/Call
Number
of
Contracts
Notional
Amount
(000)
Exercise
Price
Expiration
Date
Value
(000)
E-Mini
S&P
500
Future
Option
.............
Put
68
$
15,045
$
4,425.00
4/19/24
$
(
5
)
E-Mini
S&P
500
Future
Option
.............
Put
47
10,164
4,325.00
4/19/24
(
3
)
E-Mini
S&P
500
Future
Option
.............
Put
46
10,235
4,450.00
4/19/24
(
3
)
E-Mini
S&P
500
Future
Option
.............
Put
52
11,700
4,500.00
4/19/24
(
4
)
E-Mini
S&P
500
Future
Option
.............
Put
58
12,760
4,400.00
4/19/24
(
4
)
E-Mini
S&P
500
Future
Option
.............
Put
18
4,680
5,200.00
4/19/24
(
19
)
E-Mini
S&P
500
Future
Option
.............
Put
12
3,060
5,100.00
4/26/24
(
20
)
E-Mini
S&P
500
Future
Option
.............
Put
58
14,384
4,960.00
4/30/24
(
23
)
E-Mini
S&P
500
Future
Option
.............
Put
58
13,978
4,820.00
4/30/24
(
14
)
E-Mini
S&P
500
Future
Option
.............
Put
37
8,464
4,575.00
4/30/24
(
5
)
E-Mini
S&P
500
Future
Option
.............
Put
56
13,230
4,725.00
4/30/24
(
10
)
E-Mini
S&P
500
Future
Option
.............
Put
7
1,628
4,650.00
4/30/24
(
1
)
E-Mini
S&P
500
Future
Option
.............
Put
64
14,800
4,625.00
4/30/24
(
9
)
E-Mini
S&P
500
Future
Option
.............
Put
74
17,019
4,600.00
4/30/24
(
10
)
E-Mini
S&P
500
Future
Option
.............
Put
18
4,680
5,200.00
4/30/24
(
28
)
E-Mini
S&P
500
Future
Option
.............
Put
58
13,775
4,750.00
4/30/24
(
11
)
E-Mini
S&P
500
Future
Option
.............
Put
29
6,598
4,550.00
4/30/24
(
4
)
E-Mini
S&P
500
Future
Option
.............
Put
35
7,919
4,525.00
4/30/24
(
4
)
E-Mini
S&P
500
Future
Option
.............
Put
13
3,237
4,980.00
5/10/24
(
20
)
E-Mini
S&P
500
Future
Option
.............
Put
64
15,359
4,800.00
5/17/24
(
31
)
E-Mini
S&P
500
Future
Option
.............
Put
29
7,178
4,950.00
5/17/24
(
24
)
E-Mini
S&P
500
Future
Option
.............
Put
29
7,178
4,950.00
5/17/24
(
50
)
E-Mini
S&P
500
Future
Option
.............
Put
6
1,445
4,815.00
5/17/24
(
6
)
E-Mini
S&P
500
Future
Option
.............
Put
82
19,577
4,775.00
5/17/24
(
37
)
E-Mini
S&P
500
Future
Option
.............
Put
13
3,104
4,775.00
5/17/24
(
12
)
E-Mini
S&P
500
Future
Option
.............
Put
109
25,887
4,750.00
5/17/24
(
46
)
E-Mini
S&P
500
Future
Option
.............
Put
102
24,097
4,725.00
5/17/24
(
40
)
E-Mini
S&P
500
Future
Option
.............
Put
98
23,029
4,700.00
5/17/24
(
36
)
E-Mini
S&P
500
Future
Option
.............
Put
14
3,448
4,925.00
5/17/24
(
22
)
E-Mini
S&P
500
Future
Option
.............
Put
116
27,114
4,675.00
5/17/24
(
39
)
E-Mini
S&P
500
Future
Option
.............
Put
48
11,160
4,650.00
5/17/24
(
15
)
E-Mini
S&P
500
Future
Option
.............
Put
29
6,706
4,625.00
5/17/24
(
9
)
E-Mini
S&P
500
Future
Option
.............
Put
29
6,525
4,500.00
5/17/24
(
7
)
E-Mini
S&P
500
Future
Option
.............
Put
35
7,788
4,450.00
5/17/24
(
7
)
E-Mini
S&P
500
Future
Option
.............
Put
82
19,782
4,825.00
5/17/24
(
43
)
E-Mini
S&P
500
Future
Option
.............
Put
40
8,850
4,425.00
5/17/24
(
8
)
E-Mini
S&P
500
Future
Option
.............
Put
29
6,308
4,350.00
5/17/24
(
5
)
E-Mini
S&P
500
Future
Option
.............
Put
29
7,033
4,850.00
5/17/24
(
16
)
E-Mini
S&P
500
Future
Option
.............
Put
24
5,820
4,850.00
5/31/24
(
20
)
E-Mini
S&P
500
Future
Option
.............
Put
24
5,730
4,775.00
5/31/24
(
31
)
E-Mini
S&P
500
Future
Option
.............
Put
6
1,440
4,800.00
5/31/24
(
9
)
E-Mini
S&P
500
Future
Option
.............
Put
12
2,910
4,850.00
5/31/24
(
20
)
E-Mini
S&P
500
Future
Option
.............
Put
15
3,694
4,925.00
5/31/24
(
32
)
E-Mini
S&P
500
Future
Option
.............
Put
18
4,338
4,820.00
5/31/24
(
28
)
E-Mini
S&P
500
Future
Option
.............
Put
12
2,850
4,750.00
5/31/24
(
15
)
E-Mini
S&P
500
Future
Option
.............
Put
23
5,635
4,900.00
5/31/24
(
22
)
E-Mini
S&P
500
Future
Option
.............
Put
15
3,645
4,860.00
5/31/24
(
26
)
E-Mini
S&P
500
Future
Option
.............
Put
103
24,333
4,725.00
5/31/24
(
59
)
E-Mini
S&P
500
Future
Option
.............
Put
15
3,630
4,840.00
5/31/24
(
25
)
E-Mini
S&P
500
Future
Option
.............
Put
20
4,870
4,870.00
5/31/24
(
36
)
E-Mini
S&P
500
Future
Option
.............
Put
29
6,634
4,575.00
5/31/24
(
12
)
29
HC
CAPITAL
TRUST
The
Institutional
U.S.
Equity
Portfolio
Portfolio
of
Investments
(concluded)
—
March
31,
2024
(Unaudited)
Options
on
Futures
Contracts
(continued)
Description
Put/Call
Number
of
Contracts
Notional
Amount
(000)
Exercise
Price
Expiration
Date
Value
(000)
E-Mini
S&P
500
Future
Option
.............
Put
18
$
4,365
$
4,850.00
5/31/24
$
(
30
)
E-Mini
S&P
500
Future
Option
.............
Put
29
6,670
4,600.00
5/31/24
(
12
)
E-Mini
S&P
500
Future
Option
.............
Put
115
26,737
4,650.00
5/31/24
(
55
)
E-Mini
S&P
500
Future
Option
.............
Put
96
22,559
4,700.00
5/31/24
(
52
)
E-Mini
S&P
500
Future
Option
.............
Put
18
4,433
4,925.00
5/31/24
(
19
)
E-Mini
S&P
500
Future
Option
.............
Put
12
2,940
4,900.00
5/31/24
(
24
)
E-Mini
S&P
500
Future
Option
.............
Put
10
2,350
4,700.00
6/21/24
(
17
)
E-Mini
S&P
500
Future
Option
.............
Put
30
7,200
4,800.00
6/21/24
(
66
)
E-Mini
S&P
500
Future
Option
.............
Put
42
10,133
4,825.00
6/21/24
(
51
)
E-Mini
S&P
500
Future
Option
.............
Put
23
5,474
4,760.00
6/21/24
(
45
)
E-Mini
S&P
500
Future
Option
.............
Put
21
4,988
4,750.00
6/21/24
(
21
)
$
(
1,862
)
Exchanged-traded
options
on
futures
contacts
purchased
as
of
March
31,
2024
were
as
follows:
Description
Put/Call
Number
of
Contracts
Notional
Amount
(000)
Exercise
Price
Expiration
Date
Value
(000)
E-Mini
S&P
500
Future
Option
.............
Put
23
$
5,348
$
4,650.00
4/19/24
$
2
E-Mini
S&P
500
Future
Option
.............
Put
55
12,993
4,725.00
4/19/24
6
E-Mini
S&P
500
Future
Option
.............
Put
29
7,395
5,100.00
4/19/24
14
E-Mini
S&P
500
Future
Option
.............
Put
36
8,730
4,850.00
4/19/24
12
E-Mini
S&P
500
Future
Option
.............
Put
29
7,323
5,050.00
4/19/24
25
E-Mini
S&P
500
Future
Option
.............
Put
52
12,220
4,700.00
4/19/24
6
E-Mini
S&P
500
Future
Option
.............
Put
18
4,311
4,790.00
4/30/24
9
E-Mini
S&P
500
Future
Option
.............
Put
20
4,900
4,900.00
4/30/24
13
E-Mini
S&P
500
Future
Option
.............
Put
15
3,615
4,820.00
4/30/24
8
E-Mini
S&P
500
Future
Option
.............
Put
30
7,200
4,800.00
4/30/24
15
E-Mini
S&P
500
Future
Option
.............
Put
25
6,450
5,160.00
4/30/24
30
E-Mini
S&P
500
Future
Option
.............
Put
15
3,608
4,810.00
4/30/24
8
E-Mini
S&P
500
Future
Option
.............
Put
54
13,770
10,200.00
4/30/24
44
E-Mini
S&P
500
Future
Option
.............
Put
25
6,188
4,950.00
5/31/24
29
E-Mini
S&P
500
Future
Option
.............
Put
25
6,219
4,975.00
5/31/24
31
E-Mini
S&P
500
Future
Option
.............
Put
75
18,562
4,950.00
6/21/24
130
E-Mini
S&P
500
Future
Option
.............
Put
50
12,499
5,000.00
6/28/24
97
$
479
HC
CAPITAL
TRUST
The
Small
Capitalization-Mid
Capitalization
Equity
Portfolio
Portfolio
of
Investments
—
March
31,
2024
(Unaudited)
30
Shares
Security
Description
Value
(000)
Common
Stocks
—
99
.09
%
Aerospace
&
Defense
—
0
.80
%
1,081
AAR
Corp.
(a)
....................
$
65
327
AeroVironment,
Inc.
(a)
..............
50
609
Cadre
Holdings,
Inc.
................
22
700
Curtiss-Wright
Corp.
...............
179
1,094
Ducommun,
Inc.
(a)
................
56
9,052
Kratos
Defense
&
Security
Solutions,
Inc.
(a)
166
64
Moog,
Inc.
,
Class
-
A
...............
10
460
National
Presto
Industries,
Inc.
........
39
4,289
Rocket
Lab
USA,
Inc.
(a)
............
18
4,770
Triumph
Group,
Inc.
(a)
..............
72
677
Air
Freight
&
Logistics
—
0
.22
%
4,462
Forward
Air
Corp.
.................
138
1,172
Hub
Group,
Inc.
,
Class
-
A
...........
51
189
Automobile
Components
—
1
.81
%
1,571
Adient
PLC
(a)
....................
52
2,008
American
Axle
&
Manufacturing
Holdings,
Inc.
(a)
......................
15
12,225
Dana,
Inc.
.......................
155
554
Dorman
Products,
Inc.
(a)
............
53
1,023
Gentherm,
Inc.
(a)
..................
59
9,227
Modine
Manufacturing
Co.
(a)
.........
878
930
Patrick
Industries,
Inc.
..............
111
817
Stoneridge,
Inc.
(a)
.................
15
3,211
The
Goodyear
Tire
&
Rubber
Co.
(a)
....
44
872
Visteon
Corp.
(a)
...................
103
708
XPEL,
Inc.
(a)
....................
38
1,523
Automobiles
—
0
.05
%
522
Winnebago
Industries,
Inc.
...........
39
Banks
—
8
.63
%
894
1st
Source
Corp.
..................
47
1,715
Ameris
Bancorp
...................
83
1,712
Axos
Financial,
Inc.
(a)
..............
93
3,234
Banc
of
California,
Inc.
.............
49
1,048
BancFirst
Corp.
...................
92
2,296
Bank
of
Marin
Bancorp
.............
39
6,251
BankUnited,
Inc.
..................
175
1,471
Bankwell
Financial
Group,
Inc.
........
38
2,970
BCB
Bancorp,
Inc.
.................
31
4,171
Berkshire
Hills
Bancorp,
Inc.
.........
96
418
Byline
Bancorp,
Inc.
................
9
5,139
Cadence
Bank
....................
149
3,999
Capitol
Federal
Financial,
Inc.
.........
24
2,951
Cathay
General
Bancorp
.............
112
1,054
Central
Valley
Community
Bancorp
.....
21
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Banks
(continued)
1,445
Colony
Bankcorp,
Inc.
..............
$
17
3,735
Columbia
Banking
System,
Inc.
.......
72
3,488
Columbia
Financial,
Inc.
(a)
...........
60
1,092
Community
Bank
System,
Inc.
........
52
1,095
Community
Trust
Bancorp,
Inc.
........
47
2,630
ConnectOne
Bancorp,
Inc.
...........
51
777
Cullen/Frost
Bankers,
Inc.
............
87
9,064
CVB
Financial
Corp.
...............
162
710
Dime
Community
Bancshares,
Inc.
.....
14
688
Enterprise
Financial
Services
Corp.
.....
28
6,060
FB
Financial
Corp.
.................
228
851
Financial
Institutions,
Inc.
............
16
2,460
First
Bancorp
.....................
89
24,739
First
Bancorp
.....................
433
2,341
First
Bank
.......................
32
3,516
First
Busey
Corp.
..................
85
3,703
First
Commonwealth
Financial
Corp.
....
52
3,478
First
Financial
Bancorp
..............
78
22,418
First
Foundation,
Inc.
...............
169
5,034
First
Horizon
Corp.
................
78
3,590
First
Merchants
Corp.
...............
125
1,077
First
Mid
Bancshares,
Inc.
...........
35
6,458
Fulton
Financial
Corp.
..............
103
1,287
German
American
Bancorp,
Inc.
.......
45
561
Glacier
Bancorp,
Inc.
...............
23
3,205
Hancock
Whitney
Corp.
.............
148
868
Hilltop
Holdings,
Inc.
...............
27
18,862
HomeStreet,
Inc.
..................
283
4,173
Hope
Bancorp,
Inc.
................
48
3,570
Independent
Bank
Corp.
.............
186
1,662
Independent
Bank
Group,
Inc.
.........
76
129
International
Bancshares
Corp.
........
7
4,010
Lakeland
Bancorp,
Inc.
..............
49
1,193
Lakeland
Financial
Corp.
............
79
2,021
Live
Oak
Bancshares,
Inc.
...........
84
1,295
Midland
States
Bancorp,
Inc.
.........
33
1,943
National
Bank
Holdings
Corp.
,
Class
-
A
.
70
695
NBT
Bancorp,
Inc.
.................
25
663
Nicolet
Bankshares,
Inc.
.............
57
1,622
Northrim
Bancorp,
Inc.
..............
82
3,969
Northwest
Bancshares,
Inc.
...........
46
6,060
OceanFirst
Financial
Corp.
...........
99
3,649
OFG
Bancorp
....................
134
2,194
Old
Second
Bancorp,
Inc.
............
30
1,467
Origin
Bancorp,
Inc.
................
46
1,149
Orrstown
Financial
Services,
Inc.
......
31
1,042
Pacific
Premier
Bancorp,
Inc.
.........
25
286
Pathward
Financial,
Inc.
.............
14
559
Peoples
Bancorp,
Inc.
...............
17
1,889
Pinnacle
Financial
Partners,
Inc.
.......
162
2,873
Popular,
Inc.
.....................
253
31
HC
CAPITAL
TRUST
The
Small
Capitalization-Mid
Capitalization
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Banks
(continued)
3,360
Premier
Financial
Corp.
.............
$
68
3,750
Provident
Bancorp,
Inc.
(a)
...........
34
8,896
Provident
Financial
Services,
Inc.
......
130
1,157
QCR
Holdings,
Inc.
................
70
670
Renasant
Corp.
...................
21
635
Sandy
Spring
Bancorp,
Inc.
...........
15
1,467
Seacoast
Banking
Corp.
of
Florida
......
37
990
ServisFirst
Bancshares,
Inc.
..........
66
3,954
Simmons
First
National
Corp.
,
Class
-
A
.
77
921
Southside
Bancshares,
Inc.
...........
27
3,405
Sterling
Bancorp,
Inc.
(a)
.............
18
1,311
Stock
Yards
Bancorp,
Inc.
............
64
510
Texas
Capital
Bancshares,
Inc.
(a)
......
31
14,418
The
Bancorp,
Inc.
(a)
................
481
2,444
The
Bank
of
N.T.
Butterfield
&
Son
Ltd.
.
78
3,235
Towne
Bank
.....................
91
393
TriCo
Bancshares
..................
14
240
Triumph
Financial,
Inc.
(a)
............
19
596
TrustCo
Bank
Corp.
NY
.............
17
2,275
United
Bankshares,
Inc.
.............
81
3,391
United
Community
Banks,
Inc.
........
89
2,044
Univest
Financial
Corp.
.............
43
2,879
Veritex
Holdings,
Inc.
...............
59
4,326
WesBanco,
Inc.
...................
129
623
Western
New
England
Bancorp,
Inc.
....
5
963
Wintrust
Financial
Corp.
.............
101
1,135
WSFS
Financial
Corp.
..............
51
7,266
Beverages
—
0
.27
%
1,320
Celsius
Holdings,
Inc.
(a)
.............
109
6,267
Primo
Water
Corp.
.................
115
341
The
Vita
Coco
Co.,
Inc.
(a)
...........
8
232
Biotechnology
—
8
.36
%
16,564
2seventy
bio,
Inc.
(a)
................
89
13,699
4D
Molecular
Therapeutics,
Inc.
(a)
.....
436
10,211
Adicet
Bio,
Inc.
(a)
.................
24
892
Agios
Pharmaceuticals,
Inc.
(a)
........
26
665
Alkermes
PLC
(a)
..................
18
5,570
Altimmune,
Inc.
(a)
.................
57
1,323
Anavex
Life
Sciences
Corp.
^
(a)
.......
7
468
Apellis
Pharmaceuticals,
Inc.
(a)
.......
28
695
Arcellx,
Inc.
(a)
...................
48
987
Arcus
Biosciences,
Inc.
(a)
............
19
7,407
Arcutis
Biotherapeutics,
Inc.
(a)
........
73
2,416
Arrowhead
Pharmaceuticals,
Inc.
(a)
.....
69
11,191
BioAtla,
Inc.
(a)
...................
38
2,743
BioCryst
Pharmaceuticals,
Inc.
(a)
......
14
769
Biohaven
Ltd.
(a)
..................
42
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Biotechnology
(continued)
29,713
Bioxcel
Therapeutics,
Inc.
(a)
..........
$
84
1,111
Blueprint
Medicines
Corp.
(a)
.........
105
15,620
Bridgebio
Pharma,
Inc.
(a)
............
482
1,190
Catalyst
Pharmaceuticals,
Inc.
(a)
.......
19
455
Crinetics
Pharmaceuticals,
Inc.
(a)
......
21
6,626
Cue
Biopharma,
Inc.
(a)
..............
13
1,049
Cytokinetics,
Inc.
(a)
................
74
1,214
Day
One
Biopharmaceuticals,
Inc.
(a)
....
20
24,003
Design
Therapeutics,
Inc.
(a)
..........
97
3,633
Dynavax
Technologies
Corp.
(a)
........
45
2,140
Enanta
Pharmaceuticals,
Inc.
(a)
........
37
7,862
Erasca,
Inc.
(a)
....................
16
4,978
Halozyme
Therapeutics,
Inc.
(a)
........
203
385
Immunovant,
Inc.
(a)
................
12
1,019
Insmed,
Inc.
(a)
....................
28
2,089
Intellia
Therapeutics,
Inc.
(a)
..........
57
4,834
Iovance
Biotherapeutics,
Inc.
(a)
.......
72
704
Keros
Therapeutics,
Inc.
(a)
...........
47
442
Kiniksa
Pharmaceuticals
Ltd.
,
Class
-
A
(a)
9
9,060
Kodiak
Sciences,
Inc.
(a)
.............
48
388
Krystal
Biotech,
Inc.
(a)
..............
69
4,749
Larimar
Therapeutics,
Inc.
(a)
.........
36
22,219
MacroGenics,
Inc.
(a)
...............
327
2,208
Madrigal
Pharmaceuticals,
Inc.
(a)
......
589
3,976
MannKind
Corp.
(a)
................
18
5,968
Monte
Rosa
Therapeutics,
Inc.
(a)
......
42
636
Morphic
Holding,
Inc.
(a)
............
22
1,311
Myriad
Genetics,
Inc.
(a)
.............
28
432
Natera,
Inc.
(a)
....................
40
30,739
Nkarta,
Inc.
(a)
....................
332
2,923
Nurix
Therapeutics,
Inc.
(a)
...........
43
612
Nuvalent,
Inc.
,
Class
-
A
(a)
...........
46
6,995
Olema
Pharmaceuticals,
Inc.
(a)
........
79
2,087
PDL
BioPharma,
Inc.
(a)
.............
3
7,030
Poseida
Therapeutics,
Inc.
(a)
..........
22
2,301
Prime
Medicine,
Inc.
(a)
.............
16
913
Protagonist
Therapeutics,
Inc.
(a)
.......
26
700
Prothena
Corp.
PLC
(a)
..............
17
1,755
PTC
Therapeutics,
Inc.
(a)
............
51
1,996
Recursion
Pharmaceuticals,
Inc.
,
Class
-
A
(a)
.......................
20
2,123
Relay
Therapeutics,
Inc.
(a)
...........
18
3,305
REVOLUTION
Medicines,
Inc.
(a)
.....
107
745
Rhythm
Pharmaceuticals,
Inc.
(a)
.......
32
2,459
Rocket
Pharmaceuticals,
Inc.
(a)
........
66
1,372
SpringWorks
Therapeutics,
Inc.
(a)
......
68
3,817
Stoke
Therapeutics,
Inc.
(a)
...........
52
2,137
Syndax
Pharmaceuticals,
Inc.
(a)
.......
51
12,178
Tenaya
Therapeutics,
Inc.
(a)
..........
64
2,710
TG
Therapeutics,
Inc.
(a)
.............
41
574
Twist
Bioscience
Corp.
(a)
............
20
32
HC
CAPITAL
TRUST
The
Small
Capitalization-Mid
Capitalization
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Biotechnology
(continued)
604
United
Therapeutics
Corp.
(a)
.........
$
139
8,199
Vanda
Pharmaceuticals,
Inc.
(a)
........
34
3,598
Vaxcyte,
Inc.
(a)
...................
246
1,163
Veracyte,
Inc.
(a)
...................
26
1,839
Vericel
Corp.
(a)
...................
96
1,455
Verve
Therapeutics,
Inc.
(a)
...........
19
16,422
Viking
Therapeutics,
Inc.
(a)
..........
1,346
1,039
Viridian
Therapeutics,
Inc.
(a)
.........
18
1,954
Xencor,
Inc.
(a)
....................
43
1,004
XOMA
Corp.
(a)
...................
24
14,136
Y-mAbs
Therapeutics,
Inc.
(a)
.........
230
7,043
Broadline
Retail
—
0
.48
%
331
Etsy,
Inc.
(a)
......................
23
15,740
Groupon,
Inc.
(a)
..................
210
8,527
Macy's,
Inc.
......................
170
403
Building
Products
—
2
.17
%
1,948
Apogee
Enterprises,
Inc.
.............
115
2,770
AZZ,
Inc.
.......................
214
1,565
Builders
FirstSource,
Inc.
(a)
..........
327
354
CSW
Industrials,
Inc.
...............
83
441
Gibraltar
Industries,
Inc.
(a)
...........
36
1,230
Griffon
Corp.
.....................
90
443
Insteel
Industries,
Inc.
...............
17
1,297
JELD-WEN
Holding,
Inc.
(a)
..........
28
841
Masonite
International
Corp.
(a)
........
111
2,456
Masterbrand,
Inc.
(a)
................
46
2,244
Resideo
Technologies,
Inc.
(a)
.........
50
324
Simpson
Manufacturing
Co.,
Inc.
......
66
3,006
Trex
Co.,
Inc.
(a)
...................
300
2,155
UFP
Industries,
Inc.
................
265
2,342
Zurn
Elkay
Water
Solutions
Corp.
......
78
1,826
Capital
Markets
—
1
.69
%
1,338
Artisan
Partners
Asset
Management,
Inc.
,
Class
-
A
....................
61
1,459
AssetMark
Financial
Holdings,
Inc.
(a)
...
52
13,347
BGC
Group,
Inc.
,
Class
-
A
...........
104
1,179
Brightsphere
Investment
Group,
Inc.
....
27
979
Cohen
&
Steers,
Inc.
...............
75
1,431
Evercore,
Inc.
....................
277
3,056
Federated
Hermes,
Inc.
..............
110
184
Hamilton
Lane,
Inc.
,
Class
-
A
.........
21
75
Houlihan
Lokey,
Inc.
...............
10
671
LPL
Financial
Holdings,
Inc.
..........
177
128
Moelis
&
Co.
,
Class
-
A
.............
7
2,110
Open
Lending
Corp.
(a)
..............
13
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Capital
Markets
(continued)
1,702
Patria
Investments
Ltd.
,
Class
-
A
......
$
25
242
Piper
Sandler
Cos.
.................
48
437
PJT
Partners,
Inc.
,
Class
-
A
..........
41
1,512
Stifel
Financial
Corp.
...............
118
616
StoneX
Group,
Inc.
(a)
..............
43
2,045
Victory
Capital
Holdings,
Inc.
,
Class
-
A
.
87
157
Virtus
Investment
Partners,
Inc.
........
39
9,720
WisdomTree,
Inc.
..................
89
1,424
Chemicals
—
1
.65
%
1,381
American
Vanguard
Corp.
............
18
53,604
Arcadium
Lithium
PLC
(a)
...........
232
828
Avient
Corp.
.....................
36
695
Balchem
Corp.
....................
108
48
Cabot
Corp.
......................
4
3,052
FMC
Corp.
......................
195
497
Hawkins,
Inc.
....................
38
158
Huntsman
Corp.
...................
4
1,018
Innospec,
Inc.
....................
131
3,245
Kronos
Worldwide,
Inc.
.............
38
1,019
Minerals
Technologies,
Inc.
...........
77
129
NewMarket
Corp.
.................
82
1,544
Orion
SA
........................
36
11,049
Perimeter
Solutions
SA
(a)
............
82
434
Quaker
Chemical
Corp.
.............
89
898
Sensient
Technologies
Corp.
..........
62
1,404
Stepan
Co.
.......................
126
2,158
Tronox
Holdings
PLC
..............
37
1,395
Commercial
Services
&
Supplies
—
1
.42
%
2,075
ABM
Industries,
Inc.
...............
93
2,893
ACCO
Brands
Corp.
...............
16
984
ACV
Auctions,
Inc.
,
Class
-
A
(a)
.......
18
2,183
Brady
Corp.
,
Class
-
A
..............
129
5,706
BrightView
Holdings,
Inc.
(a)
.........
68
1,307
Casella
Waste
Systems,
Inc.
(a)
........
129
222
Cimpress
PLC
(a)
..................
20
5,910
CoreCivic,
Inc.
(a)
.................
92
2,401
Deluxe
Corp.
.....................
49
2,331
Healthcare
Services
Group,
Inc.
(a)
......
29
3,253
HNI
Corp.
.......................
148
4,306
MillerKnoll,
Inc.
..................
107
1,713
Montrose
Environmental
Group,
Inc.
(a)
..
67
5,037
Quad/Graphics,
Inc.
................
27
612
SP
Plus
Corp.
(a)
...................
32
741
The
Brink's
Co.
...................
68
1,472
The
GEO
Group,
Inc.
(a)
.............
21
469
UniFirst
Corp.
....................
81
33
HC
CAPITAL
TRUST
The
Small
Capitalization-Mid
Capitalization
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Commercial
Services
&
Supplies
(continued)
48
VSE
Corp.
.......................
$
4
1,198
Communications
Equipment
—
0
.12
%
673
Clearfield,
Inc.
(a)
..................
21
2,782
KVH
Industries,
Inc.
(a)
.............
14
6,928
Viavi
Solutions,
Inc.
(a)
..............
63
98
Construction
&
Engineering
—
2
.22
%
2,405
AECOM
........................
236
7,964
Ameresco,
Inc.
,
Class
-
A
(a)
..........
192
983
API
Group
Corp.
(a)
................
39
291
Comfort
Systems
USA,
Inc.
..........
92
1,585
Dycom
Industries,
Inc.
(a)
............
227
940
EMCOR
Group,
Inc.
...............
328
2,153
Fluor
Corp.
(a)
....................
91
3,323
Granite
Construction,
Inc.
............
190
211
IES
Holdings,
Inc.
(a)
...............
26
2,960
MasTec,
Inc.
(a)
...................
276
218
MYR
Group,
Inc.
(a)
................
39
2,938
WillScot
Mobile
Mini
Holdings
Corp.
(a)
.
137
1,873
Construction
Materials
—
0
.61
%
1,173
Eagle
Materials,
Inc.
................
319
4,373
Summit
Materials,
Inc.
,
Class
-
A
(a)
....
195
514
Consumer
Finance
—
0
.27
%
2,878
Consumer
Portfolio
Services,
Inc.
(a)
....
22
324
Enova
International,
Inc.
(a)
...........
20
3,434
LendingClub
Corp.
(a)
...............
30
1,275
LendingTree,
Inc.
(a)
................
55
875
Navient
Corp.
....................
15
351
Nelnet,
Inc.
,
Class
-
A
...............
33
1,936
Upstart
Holdings,
Inc.
(a)
.............
52
227
Consumer
Staples
Distribution
&
Retail
—
0
.53
%
205
Casey's
General
Stores,
Inc.
..........
65
1,696
Ingles
Markets,
Inc.
,
Class
-
A
.........
131
828
Performance
Food
Group
Co.
(a)
.......
62
202
PriceSmart,
Inc.
...................
17
1,063
SpartanNash
Co.
..................
21
1,208
The
Andersons,
Inc.
................
69
3,462
United
Natural
Foods,
Inc.
(a)
.........
40
714
Weis
Markets,
Inc.
.................
46
451
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Containers
&
Packaging
—
0
.28
%
693
AptarGroup,
Inc.
..................
$
100
2,133
Graphic
Packaging
Holding
Co.
.......
62
3,245
Myers
Industries,
Inc.
...............
75
237
Diversified
Consumer
Services
—
0
.99
%
3,247
Adtalem
Global
Education,
Inc.
(a)
......
167
4,561
Coursera,
Inc.
(a)
..................
64
131
Duolingo,
Inc.
(a)
..................
29
455
Frontdoor,
Inc.
(a)
..................
15
17,039
Perdoceo
Education
Corp.
............
299
2,069
Strategic
Education,
Inc.
.............
215
312
Stride,
Inc.
(a)
.....................
20
1,467
Udemy,
Inc.
(a)
....................
16
782
Universal
Technical
Institute,
Inc.
(a)
....
12
837
Diversified
REITs
—
0
.58
%
4,168
Alexander
&
Baldwin,
Inc.
...........
69
1,205
Alpine
Income
Property
Trust,
Inc.
.....
18
1,529
American
Assets
Trust,
Inc.
...........
34
6,752
Armada
Hoffler
Properties,
Inc.
........
70
7,907
Broadstone
Net
Lease,
Inc.
...........
124
1,323
Essential
Properties
Realty
Trust,
Inc.
...
35
3,709
Gladstone
Commercial
Corp.
.........
51
8,885
Global
Net
Lease,
Inc.
..............
69
711
One
Liberty
Properties,
Inc.
..........
16
486
Diversified
Telecommunication
Services
—
0
.37
%
439
Anterix,
Inc.
(a)
...................
15
1,115
ATN
International,
Inc.
..............
35
2,728
EchoStar
Corp.
,
Class
-
A
(a)
..........
39
3,094
IDT
Corp.
,
Class
-
B
................
116
256
Iridium
Communications,
Inc.
.........
7
7,341
Liberty
Latin
America
Ltd.
,
Class
-
C
(a)
..
51
2,631
Shenandoah
Telecommunications
Co.
...
46
309
Electric
Utilities
—
0
.32
%
1,915
ALLETE,
Inc.
....................
115
3,048
Genie
Energy
Ltd.
,
Class
-
B
..........
46
242
MGE
Energy,
Inc.
.................
19
846
Otter
Tail
Corp.
...................
73
464
Portland
General
Electric
Co.
.........
19
272
Electrical
Equipment
—
0
.87
%
8,245
Array
Technologies,
Inc.
(a)
...........
123
8,949
Blink
Charging
Co.
^
(a)
..............
27
4,130
Bloom
Energy
Corp.
,
Class
-
A
(a)
......
46
34
HC
CAPITAL
TRUST
The
Small
Capitalization-Mid
Capitalization
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Electrical
Equipment
(continued)
73
Encore
Wire
Corp.
.................
$
19
2,360
EnerSys
.........................
224
7,897
Enovix
Corp.
^
(a)
..................
63
1,306
NEXTracker,
Inc.
,
Class
-
A
(a)
........
73
1,604
Plug
Power,
Inc.
(a)
.................
6
522
Regal
Rexnord
Corp.
...............
94
1,334
Shoals
Technologies
Group,
Inc.
,
Class
-
A
(a)
.......................
15
5,044
Stem,
Inc.
^
(a)
....................
11
970
Vicor
Corp.
(a)
....................
37
738
Electronic
Equipment,
Instruments
&
Components
—
2
.44
%
809
Advanced
Energy
Industries,
Inc.
......
83
1,155
Arlo
Technologies,
Inc.
(a)
............
15
521
Badger
Meter,
Inc.
.................
84
544
Belden,
Inc.
......................
50
983
CTS
Corp.
.......................
46
824
ePlus,
Inc.
(a)
.....................
65
2,761
Fabrinet
(a)
.......................
523
7,503
Flex
Ltd.
(a)
......................
215
1,005
Insight
Enterprises,
Inc.
(a)
...........
186
548
IPG
Photonics
Corp.
(a)
..............
50
5,296
Iteris,
Inc.
(a)
.....................
26
1,575
Jabil,
Inc.
.......................
211
414
Kimball
Electronics,
Inc.
(a)
..........
9
3,591
Lightwave
Logic,
Inc.
^
(a)
............
17
368
Littelfuse,
Inc.
....................
89
111
Novanta,
Inc.
(a)
...................
19
1,841
PC
Connection,
Inc.
................
121
51
Plexus
Corp.
(a)
...................
5
1,866
Rogers
Corp.
(a)
...................
221
86
Sanmina
Corp.
(a)
..................
5
34
TD
SYNNEX
Corp.
................
4
1,116
TTM
Technologies,
Inc.
(a)
...........
17
2,061
Energy
Equipment
&
Services
—
2
.11
%
7,609
Archrock,
Inc.
....................
150
835
Atlas
Energy
Solutions,
Inc.
..........
19
5,515
Borr
Drilling
Ltd.
..................
38
1,098
Bristow
Group,
Inc.
(a)
..............
30
460
Cactus,
Inc.
,
Class
-
A
...............
23
4,798
ChampionX
Corp.
.................
172
4,636
Diamond
Offshore
Drilling,
Inc.
(a)
.....
63
12,375
Expro
Group
Holdings
N.V.
(a)
........
246
655
Helmerich
&
Payne,
Inc.
.............
28
747
Kodiak
Gas
Services,
Inc.
............
20
5,195
Liberty
Energy,
Inc.
................
108
194
Nabors
Industries
Ltd.
(a)
............
17
1,775
Oceaneering
International,
Inc.
(a)
......
42
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Energy
Equipment
&
Services
(continued)
16,833
Patterson-UTI
Energy,
Inc.
...........
$
201
6,605
ProFrac
Holding
Corp.
,
Class
-
A
(a)
....
55
2,633
ProPetro
Holding
Corp.
(a)
...........
21
875
Seadrill
Ltd.
(a)
....................
44
11,270
Solaris
Oilfield
Infrastructure,
Inc.
,
Class
-
A
98
4,093
Tidewater,
Inc.
(a)
..................
376
257
Weatherford
International
PLC
(a)
......
30
1,781
Entertainment
—
0
.21
%
2,567
Atlanta
Braves
Holdings,
Inc.
(a)
.......
100
1,640
Atlanta
Braves
Holdings,
Inc.
(a)
.......
69
682
Cinemark
Holdings,
Inc.
(a)
...........
12
181
Financial
Services
—
1
.42
%
23,967
AvidXchange
Holdings,
Inc.
(a)
........
315
861
Banco
Latinoamericano
de
Comercio
Exterior
SA
,
Class
-
E
..........
26
800
Cannae
Holdings,
Inc.
(a)
............
18
429
Cass
Information
Systems,
Inc.
........
21
2,141
EVERTEC,
Inc.
...................
85
143
Federal
Agricultural
Mortgage
Corp.
,
Class
-
C
.........................
28
708
I3
Verticals,
Inc.
,
Class
-
A
(a)
.........
16
254
Jack
Henry
&
Associates,
Inc.
.........
44
1,100
Jackson
Financial,
Inc.
,
Class
-
A
.......
73
228
MGIC
Investment
Corp.
.............
5
1,030
Mr
Cooper
Group,
Inc.
(a)
............
80
4,643
Pagseguro
Digital
Ltd.
,
Class
-
A
(a)
.....
66
2,840
Payoneer
Global,
Inc.
(a)
.............
14
871
PennyMac
Financial
Services,
Inc.
.....
79
661
Remitly
Global,
Inc.
(a)
..............
14
2,184
Repay
Holdings
Corp.
(a)
............
24
6,150
StoneCo.
Ltd.
,
Class
-
A
(a)
...........
102
1,294
Walker
&
Dunlop,
Inc.
..............
131
1,342
Waterstone
Financial,
Inc.
............
16
155
WEX,
Inc.
(a)
.....................
37
1,194
Food
Products
—
0
.76
%
1,495
B&G
Foods,
Inc.
..................
17
5,127
BRC,
Inc.
,
Class
-
A
^
(a)
.............
22
283
Cal-Maine
Foods,
Inc.
..............
17
1,587
Darling
Ingredients,
Inc.
(a)
...........
74
572
Fresh
Del
Monte
Produce,
Inc.
........
15
365
Freshpet,
Inc.
(a)
...................
42
682
J
&
J
Snack
Foods
Corp.
.............
99
2,078
John
B.
Sanfilippo
&
Son,
Inc.
........
220
1,116
The
Simply
Good
Foods
Co.
(a)
........
38
1,627
Tootsie
Roll
Industries,
Inc.
...........
52
35
HC
CAPITAL
TRUST
The
Small
Capitalization-Mid
Capitalization
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Food
Products
(continued)
4,691
Westrock
Coffee
Co.
^
(a)
.............
$
48
644
Gas
Utilities
—
0
.57
%
1,491
Brookfield
Infrastructure
Corp.
,
Class
-
A
.
54
480
Chesapeake
Utilities
Corp.
...........
52
329
New
Jersey
Resources
Corp.
..........
14
3,451
ONE
Gas,
Inc.
....................
223
1,094
Southwest
Gas
Holdings,
Inc.
.........
83
2,134
UGI
Corp.
.......................
52
478
Ground
Transportation
—
0
.76
%
168
ArcBest
Corp.
....................
24
119
Avis
Budget
Group,
Inc.
.............
15
3,213
Daseke,
Inc.
(a)
....................
27
3,966
Knight-Swift
Transportation
Holdings,
Inc.
218
1,818
Marten
Transport
Ltd.
...............
34
412
P.A.M.
Transportation
Services,
Inc.
(a)
..
7
549
Saia,
Inc.
(a)
......................
320
645
Health
Care
Equipment
&
Supplies
—
3
.09
%
3,450
Axogen,
Inc.
(a)
...................
28
694
Axonics,
Inc.
(a)
...................
48
42
CONMED
Corp.
..................
3
41,120
Cutera,
Inc.
^
(a)
...................
60
799
CVRx,
Inc.
(a)
....................
15
698
Glaukos
Corp.
(a)
..................
66
434
Haemonetics
Corp.
(a)
...............
37
2,424
Inmode
Ltd.
(a)
....................
52
883
Inspire
Medical
Systems,
Inc.
(a)
.......
190
1,118
Insulet
Corp.
(a)
...................
192
479
Integer
Holdings
Corp.
(a)
............
56
933
iRhythm
Technologies,
Inc.
(a)
.........
108
511
Lantheus
Holdings,
Inc.
(a)
...........
32
271
LeMaitre
Vascular,
Inc.
..............
18
4,151
Merit
Medical
Systems,
Inc.
(a)
........
314
4,795
Neogen
Corp.
(a)
..................
76
1,347
Omnicell,
Inc.
(a)
..................
39
49,211
OraSure
Technologies,
Inc.
(a)
.........
303
549
OrthoPediatrics
Corp.
(a)
.............
16
4,033
Outset
Medical,
Inc.
(a)
..............
9
138
Shockwave
Medical,
Inc.
(a)
..........
45
492
SI-BONE,
Inc.
(a)
..................
8
1,911
Silk
Road
Medical,
Inc.
(a)
...........
35
1,272
STAAR
Surgical
Co.
(a)
.............
49
19,385
Tactile
Systems
Technology,
Inc.
(a)
.....
315
1,621
Tandem
Diabetes
Care,
Inc.
(a)
.........
57
2,516
The
Cooper
Cos.,
Inc.
(a)
.............
255
693
TransMedics
Group,
Inc.
(a)
...........
51
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Health
Care
Equipment
&
Supplies
(continued)
7,594
Zimvie,
Inc.
(a)
....................
$
125
2,602
Health
Care
Providers
&
Services
—
1
.95
%
2,680
Acadia
Healthcare
Co.,
Inc.
(a)
.........
212
1,962
Accolade,
Inc.
(a)
..................
21
158
Addus
HomeCare
Corp.
(a)
...........
16
10,401
Agiliti,
Inc.
(a)
....................
105
590
AMN
Healthcare
Services,
Inc.
(a)
......
37
3,253
Astrana
Health,
Inc.
(a)
..............
137
1
CareMax,
Inc.
(a)
..................
–
13
Chemed
Corp.
....................
8
153
CorVel
Corp.
(a)
...................
40
47
Encompass
Health
Corp.
.............
4
2,339
Fulgent
Genetics,
Inc.
(a)
.............
51
200
HealthEquity,
Inc.
(a)
...............
16
4,111
LifeStance
Health
Group,
Inc.
(a)
.......
25
380
ModivCare,
Inc.
(a)
.................
9
717
National
HealthCare
Corp.
...........
68
2,556
NeoGenomics,
Inc.
(a)
...............
40
1,813
Option
Care
Health,
Inc.
(a)
...........
61
1,478
Owens
&
Minor,
Inc.
(a)
.............
41
3,683
Patterson
Cos.,
Inc.
................
102
1,623
Progyny,
Inc.
(a)
...................
62
2,950
RadNet,
Inc.
(a)
...................
144
1,380
Select
Medical
Holdings
Corp.
........
42
1,068
Surgery
Partners,
Inc.
(a)
.............
32
2,414
Tenet
Healthcare
Corp.
(a)
............
253
195
The
Ensign
Group,
Inc.
..............
24
1,540
The
Joint
Corp.
(a)
.................
20
690
US
Physical
Therapy,
Inc.
............
78
1,648
Health
Care
REITs
—
0
.54
%
8,558
CareTrust
REIT,
Inc.
...............
209
6,912
Global
Medical
REIT,
Inc.
...........
60
686
National
Health
Investors,
Inc.
........
43
6,550
Sabra
Health
Care
REIT,
Inc.
.........
97
1,247
Universal
Health
Realty
Income
Trust
...
46
455
Health
Care
Technology
—
0
.52
%
3,175
Definitive
Healthcare
Corp.
(a)
.........
26
1,740
Evolent
Health,
Inc.
,
Class
-
A
(a)
.......
57
2,266
OptimizeRx
Corp.
(a)
...............
28
1,615
Phreesia,
Inc.
(a)
...................
39
9,828
Schrodinger,
Inc.
(a)
................
265
496
Simulations
Plus,
Inc.
...............
20
435
36
HC
CAPITAL
TRUST
The
Small
Capitalization-Mid
Capitalization
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Hotel
&
Resort
REITs
—
0
.68
%
6,486
Braemar
Hotels
&
Resorts,
Inc.
........
$
13
4,816
Chatham
Lodging
Trust
.............
49
9,262
DiamondRock
Hospitality
Co.
.........
89
1,105
Pebblebrook
Hotel
Trust
.............
17
6,433
RLJ
Lodging
Trust
.................
76
1,766
Ryman
Hospitality
Properties,
Inc.
......
203
7,641
Summit
Hotel
Properties,
Inc.
.........
50
4,401
Sunstone
Hotel
Investors,
Inc.
.........
49
1,773
Xenia
Hotels
&
Resorts,
Inc.
..........
27
573
Hotels,
Restaurants
&
Leisure
—
2
.28
%
162
BJ's
Restaurants,
Inc.
(a)
.............
6
805
Bloomin'
Brands,
Inc.
...............
23
3,538
Boyd
Gaming
Corp.
................
239
363
Caesars
Entertainment,
Inc.
(a)
.........
16
398
Chuy's
Holdings,
Inc.
(a)
.............
13
333
Cracker
Barrel
Old
Country
Store,
Inc.
...
24
1,221
Dave
&
Buster's
Entertainment,
Inc.
(a)
..
76
1,018
Dine
Brands
Global,
Inc.
............
47
2,169
First
Watch
Restaurant
Group,
Inc.
(a)
...
53
3,564
Full
House
Resorts,
Inc.
(a)
...........
20
428
Golden
Entertainment,
Inc.
...........
16
1,218
Hilton
Grand
Vacations,
Inc.
(a)
........
58
391
Jack
in
the
Box,
Inc.
................
27
6,196
Krispy
Kreme,
Inc.
.................
94
999
Light
&
Wonder,
Inc.
(a)
.............
102
3,896
Lindblad
Expeditions
Holdings,
Inc.
(a)
..
36
217
Monarch
Casino
&
Resort,
Inc.
........
16
5,928
Noodles
&
Co.
(a)
..................
11
731
Papa
John's
International,
Inc.
.........
49
3,005
Planet
Fitness,
Inc.
,
Class
-
A
(a)
.......
188
3,075
PlayAGS,
Inc.
(a)
..................
28
242
RCI
Hospitality
Holdings,
Inc.
........
14
2,856
Red
Robin
Gourmet
Burgers,
Inc.
(a)
....
22
3,161
Red
Rock
Resorts,
Inc.
,
Class
-
A
......
189
5,856
Sabre
Corp.
(a)
....................
14
5,395
Super
Group
SGHC
Ltd.
(a)
...........
19
3,025
Sweetgreen,
Inc.
,
Class
-
A
(a)
.........
76
581
Texas
Roadhouse,
Inc.
..............
90
145
Vail
Resorts,
Inc.
..................
32
884
Wingstop,
Inc.
....................
325
1,923
Household
Durables
—
2
.59
%
201
Cavco
Industries,
Inc.
(a)
.............
80
844
Century
Communities,
Inc.
...........
81
4,095
Dream
Finders
Homes,
Inc.
,
Class
-
A
(a)
.
179
4,688
Green
Brick
Partners,
Inc.
(a)
..........
282
891
Hamilton
Beach
Brands
Holding
Co.
,
Class
-
A
........................
22
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Household
Durables
(continued)
481
Helen
of
Troy
Ltd.
(a)
...............
$
55
1,134
Hooker
Furnishings
Corp.
............
27
370
Installed
Building
Products,
Inc.
.......
96
1,777
Landsea
Homes
Corp.
(a)
............
26
705
Legacy
Housing
Corp.
(a)
............
15
748
LGI
Homes,
Inc.
(a)
................
87
2,390
M/I
Homes,
Inc.
(a)
.................
326
1,482
MDC
Holdings,
Inc.
................
93
1,111
Meritage
Homes
Corp.
..............
195
1,030
Skyline
Champion
Corp.
(a)
...........
88
3,670
Sonos,
Inc.
(a)
....................
70
584
The
Lovesac
Co.
(a)
................
13
428
TopBuild
Corp.
(a)
.................
189
2,166
Tri
Pointe
Homes,
Inc.
(a)
............
84
4,186
Vizio
Holding
Corp.
,
Class
-
A
(a)
......
46
1,813
VOXX
International
Corp.
(a)
.........
15
1,868
Worthington
Enterprises,
Inc.
.........
116
2,185
Household
Products
—
0
.52
%
2,670
BJ's
Wholesale
Club
Holdings,
Inc.
(a)
...
203
1,892
Central
Garden
&
Pet
Co.
(a)
..........
81
1,710
Central
Garden
&
Pet
Co.
,
Class
-
A
(a)
..
63
1,019
Oil-Dri
Corp.
of
America
............
76
61
WD-40
Co.
......................
15
438
Independent
Power
and
Renewable
Electricity
Producers
—
0
.39
%
5,030
Altus
Power,
Inc.
(a)
................
24
1,499
Clearway
Energy,
Inc.
,
Class
-
C
.......
35
4,109
Ormat
Technologies,
Inc.
............
272
331
Industrial
Conglomerates
—
0
.03
%
1,120
Brookfield
Business
Corp.
,
Class
-
A
....
27
Industrial
REITs
—
0
.57
%
1,133
EastGroup
Properties,
Inc.
...........
203
875
Innovative
Industrial
Properties,
Inc.
....
91
3,696
Plymouth
Industrial
REIT,
Inc.
........
83
2,707
STAG
Industrial,
Inc.
...............
104
481
Insurance
—
2
.38
%
689
Ambac
Financial
Group,
Inc.
(a)
.......
11
2,133
American
Equity
Investment
Life
Holding
Co.
(a)
......................
120
3,379
CNO
Financial
Group,
Inc.
...........
93
658
Enstar
Group
Ltd.
(a)
...............
204
35
Everest
Group
Ltd.
.................
14
37
HC
CAPITAL
TRUST
The
Small
Capitalization-Mid
Capitalization
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Insurance
(continued)
7,019
Genworth
Financial,
Inc.
(a)
...........
$
45
3,462
Goosehead
Insurance,
Inc.
,
Class
-
A
(a)
..
231
1,818
Hippo
Holdings,
Inc.
(a)
.............
33
3,604
Horace
Mann
Educators
Corp.
.........
133
562
Kinsale
Capital
Group,
Inc.
...........
296
8,901
Maiden
Holdings
Ltd.
(a)
.............
20
2,653
Oscar
Health,
Inc.
,
Class
-
A
(a)
........
39
1,115
ProAssurance
Corp.
................
14
3,554
Root,
Inc.
,
Class
-
A
(a)
..............
217
372
Selective
Insurance
Group,
Inc.
........
41
3,408
Stewart
Information
Services
Corp.
.....
222
621
Trupanion,
Inc.
^
(a)
.................
17
2,955
W.R.
Berkley
Corp.
................
261
2,011
Interactive
Media
&
Services
—
0
.65
%
1,296
Cargurus,
Inc.
(a)
..................
30
845
Cars.com,
Inc.
(a)
..................
15
8,635
DHI
Group,
Inc.
(a)
.................
22
2,422
Eventbrite,
Inc.
,
Class
-
A
(a)
..........
13
8,634
Nextdoor
Holdings,
Inc.
(a)
...........
19
772
Shutterstock,
Inc.
..................
35
14,331
TrueCar,
Inc.
(a)
...................
49
6,760
Yelp,
Inc.
(a)
......................
266
1,137
Ziff
Davis,
Inc.
(a)
..................
72
2,146
ZipRecruiter,
Inc.
(a)
................
25
546
IT
Services
—
0
.24
%
356
Couchbase,
Inc.
(a)
.................
9
1,369
DigitalOcean
Holdings,
Inc.
(a)
........
52
1,981
Fastly,
Inc.
,
Class
-
A
(a)
.............
26
1,737
Grid
Dynamics
Holdings,
Inc.
(a)
.......
21
1,074
Perficient,
Inc.
(a)
..................
61
135
The
Hackett
Group,
Inc.
.............
3
11,466
Thoughtworks
Holding,
Inc.
(a)
........
29
201
Leisure
Products
—
0
.28
%
324
American
Outdoor
Brands,
Inc.
(a)
......
3
6,670
AMMO,
Inc.
(a)
...................
18
270
Johnson
Outdoors,
Inc.
,
Class
-
A
......
12
356
MasterCraft
Boat
Holdings,
Inc.
(a)
.....
8
4,682
Mattel,
Inc.
(a)
....................
93
1,298
Smith
&
Wesson
Brands,
Inc.
.........
23
1,148
Topgolf
Callaway
Brands
Corp.
(a)
......
19
1,461
YETI
Holdings,
Inc.
(a)
..............
56
232
Life
Sciences
Tools
&
Services
—
0
.64
%
75
Azenta,
Inc.
(a)
....................
5
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Life
Sciences
Tools
&
Services
(continued)
102
Bruker
Corp.
.....................
$
10
1,404
CryoPort,
Inc.
(a)
..................
25
6,376
Cytek
Biosciences,
Inc.
(a)
............
43
599
Medpace
Holdings,
Inc.
(a)
...........
241
29,118
Pacific
Biosciences
of
California,
Inc.
(a)
.
109
493
Repligen
Corp.
(a)
..................
91
8,477
Seer,
Inc.
(a)
......................
16
540
Machinery
—
3
.81
%
3,613
3D
Systems
Corp.
(a)
...............
16
183
Alamo
Group,
Inc.
.................
42
1,311
Albany
International
Corp.
...........
123
1,637
Astec
Industries,
Inc.
...............
72
3,801
Barnes
Group,
Inc.
.................
141
1,248
Chart
Industries,
Inc.
(a)
.............
206
2,711
Columbus
McKinnon
Corp.
..........
121
1,745
Energy
Recovery,
Inc.
(a)
............
28
220
Enpro,
Inc.
......................
37
1,328
ESCO
Technologies,
Inc.
............
142
1,773
Federal
Signal
Corp.
................
150
141
Franklin
Electric
Co.,
Inc.
............
15
2,528
Helios
Technologies,
Inc.
............
113
367
Hillenbrand,
Inc.
..................
18
2,739
Hillman
Solutions
Corp.
(a)
...........
29
332
IDEX
Corp.
......................
81
1,076
ITT,
Inc.
........................
146
819
John
Bean
Technologies
Corp.
.........
86
226
Kadant,
Inc.
......................
74
1,329
Kennametal,
Inc.
..................
33
771
Lincoln
Electric
Holdings,
Inc.
........
197
236
Mueller
Industries,
Inc.
..............
13
16,478
Mueller
Water
Products,
Inc.
,
Class
-
A
..
265
47
Oshkosh
Corp.
....................
6
21
RBC
Bearings,
Inc.
(a)
..............
6
1,356
SPX
Technologies,
Inc.
(a)
............
167
948
Standex
International
Corp.
...........
173
2,819
Tennant
Co.
......................
343
2,067
Terex
Corp.
......................
133
1,276
The
Gorman-Rupp
Co.
..............
50
2,085
The
Greenbrier
Cos.,
Inc.
............
109
5,021
The
Shyft
Group,
Inc.
...............
62
1,145
Titan
International,
Inc.
(a)
............
14
3,211
Marine
Transportation
—
0
.51
%
8,479
Costamare,
Inc.
...................
96
2,101
Kirby
Corp.
(a)
....................
201
1,166
Matson,
Inc.
.....................
131
428
38
HC
CAPITAL
TRUST
The
Small
Capitalization-Mid
Capitalization
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Media
—
0
.89
%
5,957
Advantage
Solutions,
Inc.
(a)
..........
$
26
1,790
Boston
Omaha
Corp.
,
Class
-
A
(a)
......
28
23,868
Cardlytics,
Inc.
(a)
.................
345
15,050
Integral
Ad
Science
Holding
Corp.
(a)
....
150
3,824
Magnite,
Inc.
(a)
...................
41
1,827
Scholastic
Corp.
...................
69
1,207
TechTarget,
Inc.
(a)
.................
40
2,249
TEGNA,
Inc.
.....................
34
1,572
Townsquare
Media,
Inc.
,
Class
-
A
......
17
750
Metals
&
Mining
—
2
.32
%
1,382
Alcoa
Corp.
......................
47
1,094
Arch
Resources,
Inc.
...............
176
17,375
ATI,
Inc.
(a)
......................
889
1,962
Carpenter
Technology
Corp.
..........
140
5,219
Coeur
Mining,
Inc.
(a)
...............
20
290
Commercial
Metals
Co.
.............
17
759
Haynes
International,
Inc.
............
46
9,750
Hecla
Mining
Co.
..................
47
1,828
Kaiser
Aluminum
Corp.
.............
163
360
Materion
Corp.
...................
47
5,772
Metallus,
Inc.
(a)
...................
128
4,584
Piedmont
Lithium,
Inc.
(a)
............
61
2,916
Ryerson
Holding
Corp.
..............
98
137
Warrior
Met
Coal,
Inc.
..............
8
1,868
Worthington
Steel,
Inc.
..............
67
1,954
Mortgage
Real
Estate
Investment
Trusts
(REITs)
—
0
.21
%
9,107
ARMOUR
Residential
REIT,
Inc.
......
180
Mortgage
Real
Estate
Investment
Trusts
(REITs)
—
0
.92
%
1,212
AFC
Gamma,
Inc.
.................
15
17,446
Arbor
Realty
Trust,
Inc.
^
............
231
7,810
BrightSpire
Capital,
Inc.
.............
54
5,011
Claros
Mortgage
Trust,
Inc.
...........
49
1,691
Dynex
Capital,
Inc.
................
21
8,746
Ellington
Financial,
Inc.
.............
103
8,332
Granite
Point
Mortgage
Trust,
Inc.
......
40
1,250
Nexpoint
Real
Estate
Finance,
Inc.
.....
18
13,981
PennyMac
Mortgage
Investment
Trust
...
205
3,045
Two
Harbors
Investment
Corp.
........
40
776
Multi-Utilities
—
0
.39
%
5,156
Black
Hills
Corp.
..................
282
847
Unitil
Corp.
......................
44
326
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Office
REITs
—
0
.53
%
2,446
COPT
Defense
Properties
............
$
59
5,145
Douglas
Emmett,
Inc.
...............
71
15,245
Easterly
Government
Properties,
Inc.
....
176
4,633
Orion
Office
REIT,
Inc.
..............
16
3,013
Paramount
Group,
Inc.
..............
14
7,836
Piedmont
Office
Realty
Trust,
Inc.
,
Class
-
A
55
2,374
Postal
Realty
Trust,
Inc.
,
Class
-
A
......
34
378
SL
Green
Realty
Corp.
..............
21
446
Oil,
Gas
&
Consumable
Fuels
—
4
.78
%
3,497
Antero
Resources
Corp.
(a)
...........
101
2,300
California
Resources
Corp.
...........
127
6,847
Callon
Petroleum
Co.
(a)
.............
245
88
Chord
Energy
Corp.
................
16
5,333
Clean
Energy
Fuels
Corp.
(a)
..........
14
8,222
CNX
Resources
Corp.
(a)
............
195
23,646
Comstock
Resources,
Inc.
............
219
2,431
CONSOL
Energy,
Inc.
..............
204
3,996
Crescent
Energy
Co.
,
Class
-
A
........
48
5,132
Delek
US
Holdings,
Inc.
.............
158
2,880
DHT
Holdings,
Inc.
................
33
6,443
Encore
Energy
Corp.
(a)
.............
28
24,166
Energy
Fuels,
Inc.
(a)
...............
152
6,036
Equitrans
Midstream
Corp.
...........
75
2,821
Evolution
Petroleum
Corp.
...........
17
3,921
Excelerate
Energy,
Inc.
..............
63
2,312
Golar
LNG
Ltd.
...................
56
2,159
Gulfport
Energy
Corp.
(a)
............
346
635
International
Seaways,
Inc.
...........
34
4,980
Kinetik
Holdings,
Inc.
..............
199
20,751
Kosmos
Energy
Ltd.
(a)
..............
124
268
Matador
Resources
Co.
..............
18
13,648
Navigator
Holdings
Ltd.
.............
209
2,578
Nordic
American
Tankers
Ltd.
.........
10
3,747
Ovintiv,
Inc.
.....................
194
592
Par
Pacific
Holdings,
Inc.
(a)
..........
22
1,094
Peabody
Energy
Corp.
..............
27
14,968
Permian
Resources
Corp.
............
264
2,186
Range
Resources
Corp.
..............
75
156
REX
American
Resources
Corp.
(a)
.....
9
588
Scorpio
Tankers,
Inc.
...............
42
9,204
SFL
Corp.
Ltd.
....................
121
9,986
Sitio
Royalties
Corp.
,
Class
-
A
........
247
419
SM
Energy
Co.
...................
21
27,296
Southwestern
Energy
Co.
(a)
..........
207
4,793
Uranium
Energy
Corp.
(a)
............
32
450
Vital
Energy,
Inc.
(a)
................
24
1,925
World
Kinect
Corp.
................
51
4,027
39
HC
CAPITAL
TRUST
The
Small
Capitalization-Mid
Capitalization
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Paper
&
Forest
Products
—
0
.07
%
8,004
Glatfelter
Corp.
(a)
.................
$
16
716
Sylvamo
Corp.
....................
44
60
Passenger
Airlines
—
0
.32
%
525
Allegiant
Travel
Co.
................
39
8,991
Blade
Air
Mobility,
Inc.
(a)
...........
26
11,473
Controladora
Vuela
Cia
de
Aviacion
SAB
de
CV
,
ADR
(a)
..................
85
7,362
Frontier
Group
Holdings,
Inc.
(a)
.......
60
5,665
JetBlue
Airways
Corp.
(a)
............
42
998
Sun
Country
Airlines
Holdings,
Inc.
(a)
...
15
267
Personal
Care
Products
—
0
.97
%
692
BellRing
Brands,
Inc.
(a)
.............
41
3,023
e.l.f.
Beauty,
Inc.
(a)
................
592
853
Inter
Parfums,
Inc.
.................
120
704
Medifast,
Inc.
....................
27
836
USANA
Health
Sciences,
Inc.
(a)
.......
41
821
Pharmaceuticals
—
1
.24
%
5,164
Amphastar
Pharmaceuticals,
Inc.
(a)
.....
228
2,255
Amylyx
Pharmaceuticals,
Inc.
(a)
.......
6
286
ANI
Pharmaceuticals,
Inc.
(a)
.........
20
2,745
Arvinas,
Inc.
(a)
...................
113
9,760
Athira
Pharma,
Inc.
(a)
..............
27
876
Axsome
Therapeutics,
Inc.
(a)
.........
70
1,245
Cassava
Sciences,
Inc.
^
(a)
...........
25
1,709
Collegium
Pharmaceutical,
Inc.
(a)
......
66
551
Corcept
Therapeutics,
Inc.
(a)
.........
14
1,228
Harrow,
Inc.
(a)
....................
16
2,106
Intra-Cellular
Therapies,
Inc.
(a)
........
146
2,523
Pacira
BioSciences,
Inc.
(a)
...........
74
3,964
Pliant
Therapeutics,
Inc.
(a)
...........
59
1,583
Prestige
Consumer
Healthcare,
Inc.
(a)
...
115
803
Supernus
Pharmaceuticals,
Inc.
(a)
......
27
483
Taro
Pharmaceutical
Industries
Ltd.
(a)
...
20
2,890
Zevra
Therapeutics,
Inc.
(a)
...........
17
1,043
Professional
Services
—
2
.23
%
9,355
Alight,
Inc.
,
Class
-
A
(a)
.............
92
917
ASGN,
Inc.
(a)
....................
96
3,150
Asure
Software,
Inc.
(a)
..............
25
703
Barrett
Business
Services,
Inc.
........
89
62
Booz
Allen
Hamilton
Holding
Corp.
....
9
20
CACI
International,
Inc.
,
Class
-
A
(a)
...
8
1,815
CBIZ,
Inc.
(a)
.....................
142
34
Concentrix
Corp.
..................
2
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Professional
Services
(continued)
10,305
Conduent,
Inc.
(a)
..................
$
35
1,032
CSG
Systems
International,
Inc.
.......
53
2,570
ExlService
Holdings,
Inc.
(a)
..........
82
846
Exponent,
Inc.
....................
70
1,713
First
Advantage
Corp.
...............
28
673
Forrester
Research,
Inc.
(a)
...........
15
621
Heidrick
&
Struggles
International,
Inc.
..
21
1,396
HireRight
Holdings
Corp.
(a)
..........
20
217
Huron
Consulting
Group,
Inc.
(a)
.......
21
587
ICF
International,
Inc.
..............
88
3,378
KBR,
Inc.
.......................
216
732
Kelly
Services,
Inc.
,
Class
-
A
.........
18
982
Kforce,
Inc.
......................
69
1,998
Korn
Ferry
......................
131
1,668
Legalzoom.com,
Inc.
(a)
.............
22
979
Maximus,
Inc.
....................
82
11,106
Mistras
Group,
Inc.
(a)
..............
106
735
NV5
Global,
Inc.
(a)
................
72
6,215
Planet
Labs
PBC
(a)
................
16
1,018
Science
Applications
International
Corp.
.
133
1,863
Sterling
Check
Corp.
(a)
.............
30
1,096
TTEC
Holdings,
Inc.
...............
11
1,649
Upwork,
Inc.
(a)
...................
20
2,286
Verra
Mobility
Corp.
(a)
.............
57
1,879
Real
Estate
Management
&
Development
—
0
.73
%
683
BBX
Capital,
Inc.
(a)
................
6
9,353
Compass,
Inc.
,
Class
-
A
(a)
...........
34
2,627
Cushman
&
Wakefield
PLC
(a)
........
27
2,814
DigitalBridge
Group,
Inc.
............
54
14,398
eXp
World
Holdings,
Inc.
............
149
574
Forestar
Group,
Inc.
(a)
..............
23
19,612
Kennedy-Wilson
Holdings,
Inc.
........
169
2,030
Marcus
&
Millichap,
Inc.
............
69
3,583
Newmark
Group,
Inc.
,
Class
-
A
.......
40
9,774
Opendoor
Technologies,
Inc.
(a)
........
30
589
The
RMR
Group,
Inc.
,
Class
-
A
.......
14
615
Residential
REITs
—
0
.47
%
2,230
Apartment
Investment
and
Management
Co.
(a)
......................
18
1,553
Elme
Communities
.................
22
4,659
Independence
Realty
Trust,
Inc.
........
75
5,404
NexPoint
Residential
Trust,
Inc.
.......
174
3,691
UMH
Properties,
Inc.
...............
60
3,365
Veris
Residential,
Inc.
...............
51
400
40
HC
CAPITAL
TRUST
The
Small
Capitalization-Mid
Capitalization
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Retail
REITs
—
0
.98
%
533
Getty
Realty
Corp.
.................
$
15
4,895
InvenTrust
Properties
Corp.
..........
126
3,897
Kite
Realty
Group
Trust
.............
84
2,113
NETSTREIT
Corp.
................
39
1,160
SITE
Centers
Corp.
................
17
11,883
Tanger,
Inc.
......................
351
7,560
The
Macerich
Co.
.................
130
3,762
Urban
Edge
Properties
..............
65
827
Semiconductors
&
Semiconductor
Equipment
—
3
.21
%
1,045
ACM
Research,
Inc.
,
Class
-
A
(a)
......
30
485
Alpha
&
Omega
Semiconductor
Ltd.
(a)
..
11
451
Ambarella,
Inc.
(a)
.................
23
3,622
Amkor
Technology,
Inc.
.............
117
55
Cirrus
Logic,
Inc.
(a)
................
5
742
Cohu,
Inc.
(a)
.....................
25
1,496
Credo
Technology
Group
Holding
Ltd.
(a)
32
580
Diodes,
Inc.
(a)
....................
41
3,557
FormFactor,
Inc.
(a)
................
162
2,669
Ichor
Holdings
Ltd.
(a)
..............
103
188
Impinj,
Inc.
(a)
....................
24
1,589
Kulicke
&
Soffa
Industries,
Inc.
........
80
684
Lattice
Semiconductor
Corp.
(a)
........
54
8,316
MACOM
Technology
Solutions
Holdings,
Inc.
(a)
......................
794
3,156
Maxeon
Solar
Technologies
Ltd.
(a)
.....
11
624
MKS
Instruments,
Inc.
..............
83
631
Onto
Innovation,
Inc.
(a)
.............
114
2,203
Power
Integrations,
Inc.
.............
158
2,201
Qorvo,
Inc.
(a)
....................
252
1,083
Silicon
Laboratories,
Inc.
(a)
..........
156
264
SiTime
Corp.
(a)
...................
25
799
Synaptics,
Inc.
(a)
..................
78
2,391
Ultra
Clean
Holdings,
Inc.
(a)
.........
110
1,179
Universal
Display
Corp.
.............
199
661
Veeco
Instruments,
Inc.
(a)
............
23
2,710
Software
—
6
.43
%
1,931
ACI
Worldwide,
Inc.
(a)
.............
64
1,294
Agilysys,
Inc.
(a)
..................
109
416
Alarm.com
Holdings,
Inc.
(a)
..........
30
1,591
Alkami
Technology,
Inc.
(a)
...........
39
829
Altair
Engineering,
Inc.
,
Class
-
A
(a)
....
71
3,359
Amplitude,
Inc.
,
Class
-
A
(a)
..........
37
289
Appfolio,
Inc.
,
Class
-
A
(a)
...........
71
3,795
Appian
Corp.
,
Class
-
A
(a)
...........
152
6,689
AvePoint,
Inc.
(a)
..................
53
211
Blackbaud,
Inc.
(a)
.................
16
378
BlackLine,
Inc.
(a)
.................
24
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Software
(continued)
1,089
Box,
Inc.
,
Class
-
A
(a)
..............
$
31
308
Braze,
Inc.
,
Class
-
A
(a)
.............
14
1,263
Cerence,
Inc.
(a)
...................
20
2,611
Clear
Secure,
Inc.
,
Class
-
A
..........
56
574
CommVault
Systems,
Inc.
(a)
..........
58
313
Digimarc
Corp.
(a)
.................
9
34
Dolby
Laboratories,
Inc.
,
Class
-
A
.....
3
1,569
Envestnet,
Inc.
(a)
..................
91
2,101
Everbridge,
Inc.
(a)
.................
73
3,738
EverCommerce,
Inc.
(a)
..............
35
846
Guidewire
Software,
Inc.
(a)
..........
99
3,676
InterDigital,
Inc.
..................
390
2,188
Jamf
Holding
Corp.
(a)
..............
40
5,208
LivePerson,
Inc.
(a)
.................
5
1,284
LiveRamp
Holdings,
Inc.
(a)
..........
44
3,930
Marathon
Digital
Holdings,
Inc.
(a)
.....
89
6,497
Matterport,
Inc.
(a)
.................
15
2,965
MeridianLink,
Inc.
(a)
...............
55
722
MicroStrategy,
Inc.
(a)
...............
1,230
16,199
N-able,
Inc.
(a)
....................
212
55,831
NextNav,
Inc.
(a)
...................
367
3,606
Olo,
Inc.
,
Class
-
A
(a)
...............
20
1,896
PagerDuty,
Inc.
(a)
.................
43
647
PowerSchool
Holdings,
Inc.
(a)
........
14
939
Progress
Software
Corp.
.............
50
5,413
PROS
Holdings,
Inc.
(a)
.............
197
868
PTC,
Inc.
(a)
......................
164
680
Qualys,
Inc.
(a)
....................
113
892
Rapid7,
Inc.
(a)
....................
44
6,275
Rimini
Street,
Inc.
(a)
...............
20
11,757
Riot
Platforms,
Inc.
(a)
..............
144
3,998
Sapiens
International
Corp.
N.V.
.......
129
537
Sprout
Social,
Inc.
,
Class
-
A
(a)
........
32
831
SPS
Commerce,
Inc.
(a)
..............
154
908
Tenable
Holdings,
Inc.
(a)
............
45
408
Varonis
Systems,
Inc.
(a)
.............
19
10,098
Veritone,
Inc.
^
(a)
..................
53
18,867
Weave
Communications,
Inc.
(a)
.......
217
1,438
Workiva,
Inc.
(a)
...................
122
21,286
Zeta
Global
Holdings
Corp.
,
Class
-
A
(a)
.
233
5,415
Specialized
REITs
—
0
.64
%
3,782
Farmland
Partners,
Inc.
..............
42
7,180
Four
Corners
Property
Trust,
Inc.
.......
175
1,574
National
Storage
Affiliates
Trust
.......
62
6,761
Outfront
Media,
Inc.
................
114
1,185
PotlatchDeltic
Corp.
................
56
4,581
Safehold,
Inc.
....................
94
543
41
HC
CAPITAL
TRUST
The
Small
Capitalization-Mid
Capitalization
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Specialty
Retail
—
2
.60
%
670
Academy
Sports
&
Outdoors,
Inc.
......
$
45
1,447
American
Eagle
Outfitters,
Inc.
........
37
520
Asbury
Automotive
Group,
Inc.
(a)
......
123
3,328
Boot
Barn
Holdings,
Inc.
(a)
..........
317
790
Camping
World
Holdings,
Inc.
,
Class
-
A
.
22
1,936
Carvana
Co.
(a)
....................
170
3,803
Destination
XL
Group,
Inc.
(a)
.........
14
1,779
Floor
&
Decor
Holdings,
Inc.
,
Class
-
A
(a)
231
1,555
Foot
Locker,
Inc.
..................
44
1,806
Genesco,
Inc.
(a)
...................
51
72
Group
1
Automotive,
Inc.
............
21
1,362
Guess?,
Inc.
......................
43
3,762
Leslie's,
Inc.
(a)
...................
24
334
Lithia
Motors,
Inc.
.................
100
1,397
Monro,
Inc.
......................
44
324
Murphy
USA,
Inc.
.................
136
1,682
National
Vision
Holdings,
Inc.
(a)
.......
37
53
Penske
Automotive
Group,
Inc.
........
9
2,653
PetMed
Express,
Inc.
...............
13
3,973
Revolve
Group,
Inc.
(a)
..............
84
231
RH
(a)
..........................
80
4,455
RumbleON,
Inc.
,
Class
-
B
(a)
.........
29
1,809
Sally
Beauty
Holdings,
Inc.
(a)
.........
22
708
Shoe
Carnival,
Inc.
.................
26
158
Signet
Jewelers
Ltd.
................
16
10,880
Sportsman's
Warehouse
Holdings,
Inc.
(a)
.
34
468
The
Aaron's
Co.,
Inc.
...............
4
389
The
Buckle,
Inc.
...................
16
3,447
The
Cato
Corp.
,
Class
-
A
............
20
1,585
The
ODP
Corp.
(a)
.................
84
7,108
ThredUp,
Inc.
,
Class
-
A
(a)
...........
14
10,683
Tile
Shop
Holdings,
Inc.
(a)
...........
75
5,911
Upbound
Group,
Inc.
...............
208
2,193
Technology
Hardware,
Storage
&
Peripherals
—
1
.82
%
7,143
Corsair
Gaming,
Inc.
(a)
.............
88
9,994
Intevac,
Inc.
(a)
....................
38
1,429
IonQ,
Inc.
^
(a)
....................
14
1,176
Super
Micro
Computer,
Inc.
(a)
........
1,189
10,627
Turtle
Beach
Corp.
(a)
...............
183
1,170
Xerox
Holdings
Corp.
..............
21
1,533
Textiles,
Apparel
&
Luxury
Goods
—
0
.47
%
47
Columbia
Sportswear
Co.
............
4
1,065
Crocs,
Inc.
(a)
.....................
153
2,258
Figs,
Inc.
,
Class
-
A
(a)
..............
11
792
G-III
Apparel
Group
Ltd.
(a)
..........
23
2,897
Kontoor
Brands,
Inc.
...............
175
153
Oxford
Industries,
Inc.
..............
17
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Textiles,
Apparel
&
Luxury
Goods
(continued)
412
Steven
Madden
Ltd.
................
$
17
400
Tobacco
—
0
.03
%
2,563
Vector
Group
Ltd.
.................
28
Trading
Companies
&
Distributors
—
1
.73
%
157
Applied
Industrial
Technologies,
Inc.
....
31
5,077
Beacon
Roofing
Supply,
Inc.
(a)
........
498
186
BlueLinx
Holdings,
Inc.
(a)
...........
24
563
Boise
Cascade
Co.
.................
86
200
DXP
Enterprises,
Inc.
(a)
.............
11
192
GMS,
Inc.
(a)
.....................
19
1,021
Herc
Holdings,
Inc.
................
172
749
McGrath
RentCorp
.................
92
22,107
MRC
Global,
Inc.
(a)
................
278
2,367
Rush
Enterprises,
Inc.
,
Class
-
A
.......
127
548
SiteOne
Landscape
Supply,
Inc.
(a)
......
96
166
WESCO
International,
Inc.
...........
28
1,462
Water
Utilities
—
0
.33
%
208
American
States
Water
Co.
...........
15
437
Artesian
Resources
Corp.
,
Class
-
A
.....
16
4,921
Cadiz,
Inc.
(a)
.....................
14
1,134
California
Water
Service
Group
........
53
602
Global
Water
Resources,
Inc.
.........
8
3,328
Middlesex
Water
Co.
...............
175
281
Wireless
Telecommunication
Services
—
0
.13
%
6,927
Telephone
and
Data
Systems,
Inc.
......
111
Total
Common
Stocks
..............
83,555
Contingent
Rights
—
0
.06
%
Health
Care
Equipment
&
Supplies
—
0
.00
%
56
ABIOMED,
Inc.
CVR
,
01/02/26
(a)
.....
–
Health
Care
Providers
&
Services
—
0
.00
%
15,971
Paratek
Pharmaceuticals,
Inc.
CVR
,
01/01/26
(a)
..................
1
5,589
Xeris
BioPharma
Hold
CVR
,
10/06/49
(a)
.
1
2
Metals
&
Mining
—
0
.06
%
108,208
Pan
American
Silver
Corp.
CVR
,
12/31/49
(a)
..................
49
Total
Contingent
Rights
............
51
42
HC
CAPITAL
TRUST
The
Small
Capitalization-Mid
Capitalization
Equity
Portfolio
Portfolio
of
Investments
(concluded)
—
March
31,
2024
(Unaudited)
As
of
March
31,
2024
,
100%
of
the
Portfolio’s
net
assets
were
managed
by
Parametric
Portfolio
Associates,
LLC.
Shares
Security
Description
Value
(000)
Investment
Companies
—
1
.52
%
Money
Market
Funds
—
1
.52
%
628,442
Federated
Hermes
Treasury
Obligations
Fund,
Institutional
Shares
,
5
.17
%
^^
(b)
$
628
657,455
State
Street
Institutional
Treasury
Plus
Money
Market
Fund,
Trust
Class
,
5
.20
%
(b)
....................
658
Total
Investment
Companies
.........
1,286
Total
Investments
(cost
$
40,732
)
—
100
.67
%
....................
84,892
Liabilities
in
excess
of
other
assets
—
(
0
.67
)
%
....................
(
561
)
Net
Assets
-
100.00%
$
84,331
Amounts
designated
as
"—"
are
$0
or
have
been
rounded
to
$0.
^
All
or
part
of
this
security
was
on
loan
as
of
March
31,
2024.
^^
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
March
31,
2024.
(a)
Represents
non-income
producing
security.
(b)
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
—
March
31,
2024
(Unaudited)
43
Shares
Security
Description
Value
(000)
Common
Stocks
—
99.17%
Australia
—
1.92%
693
Ampol
Ltd.
(Oil,
Gas
&
Consumable
Fuels)
$
18
8,826
ANZ
Group
Holdings
Ltd.
(Banks)
.....
169
2,941
APA
Group
(Gas
Utilities)
...........
16
1,807
Aristocrat
Leisure
Ltd.
(Hotels,
Restaurants
&
Leisure)
...................
51
485
ASX
Ltd.
(Capital
Markets)
..........
21
452
Atlassian
Corp.,
Class
-
A
(Software)(a)
..
88
4,501
Aurizon
Holdings
Ltd.
(Ground
Transportation)
...............
12
15,056
BHP
Group
Ltd.
(Metals
&
Mining)
.....
433
1,230
BlueScope
Steel
Ltd.
(Metals
&
Mining)
.
19
4,202
Brambles
Ltd.
(Commercial
Services
&
Supplies)
....................
44
1,178
CAR
Group
Ltd.
(Interactive
Media
&
Services)
....................
28
201
Cochlear
Ltd.
(Health
Care
Equipment
&
Supplies)
....................
44
4,121
Coles
Group
Ltd.
(Consumer
Staples
Distribution
&
Retail)
...........
45
4,875
Commonwealth
Bank
of
Australia
(Banks)
382
1,781
Computershare
Ltd.
(Professional
Services)
30
1,437
CSL
Ltd.
(Biotechnology)
............
270
2,615
Dexus
(Office
REITs)
...............
13
504
EBOS
Group
Ltd.
(Health
Care
Providers
&
Services)
....................
10
4,675
Endeavour
Group
Ltd.
(Consumer
Staples
Distribution
&
Retail)
...........
17
5,009
Fortescue
Ltd.
(Metals
&
Mining)
......
84
5,131
Goodman
Group
(Industrial
REITs)
.....
113
805
IDP
Education
Ltd.
(Diversified
Consumer
Services)
....................
9
7,323
Insurance
Australia
Group
Ltd.
(Insurance)
31
1,092
Macquarie
Group
Ltd.
(Capital
Markets)
.
142
7,667
Medibank
Pvt.
Ltd.
(Insurance)
........
19
567
Mineral
Resources
Ltd.
(Metals
&
Mining)
26
9,646
Mirvac
Group
(Diversified
REITs)
......
15
9,220
National
Australia
Bank
Ltd.
(Banks)
....
208
3,549
Northern
Star
Resources
Ltd.
(Metals
&
Mining)
.....................
33
1,407
Orica
Ltd.
(Chemicals)
..............
17
5,227
Origin
Energy
Ltd.
(Electric
Utilities)
...
31
7,966
Pilbara
Minerals
Ltd.
(Metals
&
Mining)
.
20
2,446
Qantas
Airways
Ltd.
(Passenger
Airlines)(a)
9
4,431
QBE
Insurance
Group
Ltd.
(Insurance)
..
52
582
Ramsay
Health
Care
Ltd.
(Health
Care
Providers
&
Services)
...........
21
172
REA
Group
Ltd.
(Interactive
Media
&
Services)
....................
21
687
Reece
Ltd.
(Trading
Companies
&
Distributors)
.................
13
1,111
Rio
Tinto
Ltd.
(Metals
&
Mining)
......
88
9,869
Santos
Ltd.
(Oil,
Gas
&
Consumable
Fuels)
(b)
........................
50
8,765
Scentre
Group
(Retail
REITs)
.........
19
923
SEEK
Ltd.
(Interactive
Media
&
Services)
15
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Australia
(continued)
584
Seven
Group
Holdings
Ltd.
(Trading
Companies
&
Distributors)
.......
$
16
1,187
Sonic
Healthcare
Ltd.
(Health
Care
Providers
&
Services)
...........
23
14,614
South32
Ltd.
(Metals
&
Mining)
.......
29
7,299
Stockland
(Diversified
REITs)
.........
23
3,312
Suncorp
Group
Ltd.
(Insurance)
.......
35
13,370
Telstra
Group
Ltd.
(Diversified
Telecommunication
Services)
.....
34
5,218
The
GPT
Group
(Diversified
REITs)
....
16
7,602
The
Lottery
Corp.
Ltd.
(Hotels,
Restaurants
&
Leisure)
...................
26
9,510
Transurban
Group
(Transportation
Infrastructure)
................
83
2,004
Treasury
Wine
Estates
Ltd.
(Beverages)
..
16
8,881
Vicinity
Ltd.
(Retail
REITs)(b)
........
12
760
Washington
H
Soul
Pattinson
&
Co.
Ltd.
(Financial
Services)
............
17
3,447
Wesfarmers
Ltd.
(Broadline
Retail)
.....
154
10,302
Westpac
Banking
Corp.
(Banks)
.......
175
500
WiseTech
Global
Ltd.
(Software)
.......
31
5,565
Woodside
Energy
Group
Ltd.
(Oil,
Gas
&
Consumable
Fuels)
.............
111
3,627
Woolworths
Group
Ltd.
(Consumer
Staples
Distribution
&
Retail)
...........
78
3,625
Austria
—
0.05%
1,031
Erste
Group
Bank
AG
(Banks)(b)
......
46
383
OMV
AG
(Oil,
Gas
&
Consumable
Fuels)
18
241
Verbund
AG
(Electric
Utilities)
........
18
246
voestalpine
AG
(Metals
&
Mining)
.....
7
89
Belgium
—
0.20%
444
Ageas
SA/N.V.
(Insurance)
...........
21
2,573
Anheuser-Busch
InBev
SA/N.V.
(Beverages)
..................
156
58
D'ieteren
Group
(Distributors)
.........
13
67
Elia
Group
SA/N.V.
(Electric
Utilities)(b)
7
293
Groupe
Bruxelles
Lambert
N.V.
(Financial
Services)
....................
22
752
KBC
Group
N.V.
(Banks)
............
56
1
Lotus
Bakeries
N.V.
(Food
Products)(b)
..
10
31
Sofina
SA
(Financial
Services)
........
7
206
Syensqo
SA
(Chemicals)(a)
...........
20
384
UCB
SA
(Pharmaceuticals)
...........
47
491
Umicore
SA
(Chemicals)(b)
..........
11
508
Warehouses
De
Pauw
CVA
(Industrial
REITs)
.....................
14
384
Bermuda
—
0.08%
1,078
Arch
Capital
Group
Ltd.
(Insurance)(a)
..
100
44
HC
CAPITAL
TRUST
The
ESG
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Bermuda
(continued)
126
Everest
Group
Ltd.
(Insurance)
........
$
50
150
Canada
—
3.22%
1,481
Agnico
Eagle
Mines
Ltd.
(Metals
&
Mining)
88
400
Air
Canada
(Passenger
Airlines)(a)(b)
...
6
2,212
Alimentation
Couche-Tard,
Inc.
(Consumer
Staples
Distribution
&
Retail)
.....
126
800
AltaGas
Ltd.
(Gas
Utilities)
...........
18
1,804
ARC
Resources
Ltd.
(Oil,
Gas
&
Consumable
Fuels)
.............
32
2,102
Bank
of
Montreal
(Banks)
............
205
5,246
Barrick
Gold
Corp.
(Metals
&
Mining)
..
87
200
BCE,
Inc.
(Diversified
Telecommunication
Services)
....................
7
1,043
Brookfield
Asset
Management
Ltd.,
Class
-
A
(Capital
Markets)
............
44
4,169
Brookfield
Corp.
(Capital
Markets)
.....
174
92
BRP,
Inc.
(Leisure
Products)
..........
6
786
CAE,
Inc.
(Aerospace
&
Defense)(a)
....
16
1,280
Cameco
Corp.
(Oil,
Gas
&
Consumable
Fuels)
......................
55
200
Canadian
Apartment
Properties
REIT
(Residential
REITs)(b)
..........
7
2,659
Canadian
Imperial
Bank
of
Commerce
(Banks)
.....................
135
1,506
Canadian
National
Railway
Co.
(Ground
Transportation)
...............
198
3,081
Canadian
Natural
Resources
Ltd.
(Oil,
Gas
&
Consumable
Fuels)
...........
235
2,726
Canadian
Pacific
Kansas
City
Ltd.
(Ground
Transportation)
...............
240
143
Canadian
Tire
Corp.
Ltd.,
Class
-
A
(Broadline
Retail)
.............
14
300
Canadian
Utilities
Ltd.,
Class
-
A
(Multi-
Utilities)
....................
7
471
CCL
Industries,
Inc.,
Class
-
B
(Containers
&
Packaging)(b)
..............
24
4,230
Cenovus
Energy,
Inc.
(Oil,
Gas
&
Consumable
Fuels)
.............
85
624
CGI,
Inc.
(IT
Services)(a)
............
69
60
Constellation
Software,
Inc.
(Software)
..
164
844
Dollarama,
Inc.
(Broadline
Retail)
......
64
1,216
Element
Fleet
Management
Corp.
(Commercial
Services
&
Supplies)(b)
20
868
Emera,
Inc.
(Electric
Utilities)
.........
31
400
Empire
Co.
Ltd.,
Class
-
A
(Consumer
Staples
Distribution
&
Retail)
.....
10
6,336
Enbridge,
Inc.
(Oil,
Gas
&
Consumable
Fuels)
......................
229
62
Fairfax
Financial
Holdings
Ltd.
(Insurance)
67
2,644
First
Quantum
Minerals
Ltd.
(Metals
&
Mining)
.....................
28
100
FirstService
Corp.
(Real
Estate
Management
&
Development)
..............
17
1,451
Fortis,
Inc.
(Electric
Utilities)
.........
57
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Canada
(continued)
599
Franco-Nevada
Corp.
(Metals
&
Mining)
.
$
71
195
George
Weston
Ltd.
(Consumer
Staples
Distribution
&
Retail)
...........
26
500
Gildan
Activewear,
Inc.
(Textiles,
Apparel
&
Luxury
Goods)
...............
19
817
Great-West
Lifeco,
Inc.
(Insurance)
.....
26
1,006
Hydro
One
Ltd.
(Electric
Utilities)(b)
....
29
300
iA
Financial
Corp.,
Inc.
(Insurance)
.....
19
200
IGM
Financial,
Inc.
(Capital
Markets)
...
5
622
Imperial
Oil
Ltd.
(Oil,
Gas
&
Consumable
Fuels)
......................
43
528
Intact
Financial
Corp.
(Insurance)(b)
....
86
1,879
Ivanhoe
Mines
Ltd.
(Metals
&
Mining)(a)
22
600
Keyera
Corp.
(Oil,
Gas
&
Consumable
Fuels)
......................
15
3,094
Kinross
Gold
Corp.
(Metals
&
Mining)
..
19
474
Loblaw
Cos.
Ltd.
(Consumer
Staples
Distribution
&
Retail)
...........
53
339
Lululemon
Athletica,
Inc.
(Textiles,
Apparel
&
Luxury
Goods)(a)
............
132
2,272
Lundin
Mining
Corp.
(Metals
&
Mining)(b)
23
821
Magna
International,
Inc.
(Automobile
Components)
.................
45
5,479
Manulife
Financial
Corp.
(Insurance)
....
137
825
MEG
Energy
Corp.
(Oil,
Gas
&
Consumable
Fuels)(a)(b)
..................
19
713
Metro,
Inc.
(Consumer
Staples
Distribution
&
Retail)
....................
38
972
National
Bank
of
Canada
(Banks)
......
82
858
Northland
Power,
Inc.
(Independent
Power
and
Renewable
Electricity
Producers)
14
1,476
Nutrien
Ltd.
(Chemicals)
............
80
200
Onex
Corp.
(Capital
Markets)
.........
15
804
Open
Text
Corp.
(Software)(b)
........
31
990
Pan
American
Silver
Corp.
(Metals
&
Mining)
.....................
15
400
Parkland
Corp.
(Oil,
Gas
&
Consumable
Fuels)(b)
....................
13
1,668
Pembina
Pipeline
Corp.
(Oil,
Gas
&
Consumable
Fuels)
.............
59
1,727
Power
Corp.
of
Canada
(Insurance)
.....
48
500
Quebecor,
Inc.,
Class
-
B
(Diversified
Telecommunication
Services)
.....
11
877
Restaurant
Brands
International,
Inc.
(Hotels,
Restaurants
&
Leisure)
....
70
300
RioCan
Real
Estate
Investment
Trust
(Retail
REITs)(b)
...................
4
1,078
Rogers
Communications,
Inc.,
Class
-
B
(Wireless
Telecommunication
Services)
....................
44
4,245
Royal
Bank
of
Canada
(Banks)
........
429
691
Saputo,
Inc.
(Food
Products)(b)
........
14
3,655
Shopify,
Inc.,
Class
-
A
(IT
Services)(a)
..
283
339
Stantec,
Inc.
(Construction
&
Engineering)
28
1,726
Sun
Life
Financial,
Inc.
(Insurance)
.....
94
45
HC
CAPITAL
TRUST
The
ESG
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Canada
(continued)
3,924
Suncor
Energy,
Inc.
(Oil,
Gas
&
Consumable
Fuels)
.............
$
145
3,016
TC
Energy
Corp.
(Oil,
Gas
&
Consumable
Fuels)
......................
121
1,352
Teck
Resources
Ltd.,
Class
-
B
(Metals
&
Mining)
.....................
62
1,570
TELUS
Corp.
(Diversified
Telecommunication
Services)
.....
25
250
TFI
International,
Inc.
(Ground
Transportation)
...............
40
3,581
The
Bank
of
Nova
Scotia
(Banks)
......
185
271
The
Descartes
Systems
Group,
Inc.
(Software)(a)
.................
25
5,142
The
Toronto-Dominion
Bank
(Banks)
...
311
489
Thomson
Reuters
Corp.
(Professional
Services)
....................
76
836
TMX
Group
Ltd.
(Capital
Markets)
.....
22
200
Toromont
Industries
Ltd.
(Trading
Companies
&
Distributors)
.......
19
945
Tourmaline
Oil
Corp.
(Oil,
Gas
&
Consumable
Fuels)
.............
44
738
Waste
Connections,
Inc.
(Commercial
Services
&
Supplies)
...........
127
136
West
Fraser
Timber
Co.
Ltd.
(Paper
&
Forest
Products)
...............
12
1,343
Wheaton
Precious
Metals
Corp.
(Metals
&
Mining)
.....................
63
367
WSP
Global,
Inc.
(Construction
&
Engineering)
.................
61
6,064
Chile
—
0.02%
1,322
Antofagasta
PLC
(Metals
&
Mining)
....
34
Denmark
—
0.96%
8
A.P.
Moller
-
Maersk
A/S,
Class
-
A
(Marine
Transportation)
...............
10
16
A.P.
Moller
-
Maersk
A/S,
Class
-
B
(Marine
Transportation)
...............
21
296
Carlsberg
A/S,
Class
-
B
(Beverages)
....
40
304
Coloplast
A/S,
Class
-
B
(Health
Care
Equipment
&
Supplies)
.........
41
2,041
Danske
Bank
A/S
(Banks)
............
61
292
Demant
A/S
(Health
Care
Equipment
&
Supplies)(a)
..................
14
551
DSV
A/S
(Air
Freight
&
Logistics)
.....
89
193
Genmab
A/S
(Biotechnology)(a)(b)
.....
58
9,685
Novo
Nordisk
A/S,
Class
-
B
(Pharmaceuticals)
.............
1,234
1,088
Novonesis,
B
shares
(Chemicals)
.......
64
568
Orsted
A/S
(Electric
Utilities)(a)(b)
.....
32
245
Pandora
A/S
(Textiles,
Apparel
&
Luxury
Goods)
.....................
40
18
ROCKWOOL
A/S,
Class
-
B
(Building
Products)
....................
6
861
Tryg
A/S
(Insurance)(b)
.............
18
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Denmark
(continued)
2,997
Vestas
Wind
Systems
A/S
(Electrical
Equipment)(a)
................
$
84
1,812
Finland
—
0.26%
360
Elisa
Oyj
(Diversified
Telecommunication
Services)
....................
16
1,491
Fortum
Oyj
(Electric
Utilities)
.........
18
684
Kesko
Oyj,
Class
-
B
(Consumer
Staples
Distribution
&
Retail)
...........
13
1,007
Kone
Oyj,
Class
-
B
(Machinery)
.......
47
2,057
Metso
Oyj
(Machinery)(b)
...........
24
1,268
Neste
Oyj
(Oil,
Gas
&
Consumable
Fuels)
34
16,330
Nokia
Oyj
(Communications
Equipment)
.
58
9,180
Nordea
Bank
Abp
(Banks)
...........
104
480
Orion
Oyj,
Class
-
B
(Pharmaceuticals)
..
18
1,387
Sampo
Oyj,
A
Shares
(Insurance)
......
59
2,063
Stora
Enso
Oyj,
Registered
Shares
(Paper
&
Forest
Products)
...............
29
1,655
UPM-Kymmene
Oyj
(Paper
&
Forest
Products)
....................
55
1,231
Wartsila
Oyj
Abp
(Machinery)
.........
19
494
France
—
3.10%
575
Accor
SA
(Hotels,
Restaurants
&
Leisure)
27
91
Aeroports
de
Paris
SA
(Transportation
Infrastructure)
................
12
1,537
Air
Liquide
SA
(Chemicals)
..........
320
1,742
Airbus
SE
(Aerospace
&
Defense)
......
321
834
Alstom
SA
(Machinery)
.............
13
152
Amundi
SA
(Capital
Markets)
.........
10
151
Arkema
SA
(Chemicals)
.............
16
5,105
AXA
SA
(Insurance)
...............
192
104
BioMerieux
(Health
Care
Equipment
&
Supplies)
....................
11
3,103
BNP
Paribas
SA
(Banks)
.............
220
1,613
Bollore
SE
(Entertainment)
...........
11
566
Bouygues
SA
(Construction
&
Engineering)
23
910
Bureau
Veritas
SA
(Professional
Services)
(b)
........................
28
472
Capgemini
SE
(IT
Services)
..........
109
1,803
Carrefour
SA
(Consumer
Staples
Distribution
&
Retail)(b)
........
31
1,382
Cie
de
Saint-Gobain
SA
(Building
Products)
107
2,057
Cie
Generale
des
Etablissements
Michelin
SCA
(Automobile
Components)
...
79
124
Covivio
SA
(Office
REITs)
...........
6
3,044
Credit
Agricole
SA
(Banks)
...........
45
1,918
Danone
SA
(Food
Products)
..........
124
1,989
Dassault
Systemes
SE
(Software)
......
88
755
Edenred
SE
(Financial
Services)
.......
40
195
Eiffage
SA
(Construction
&
Engineering)(b)
22
5,423
Engie
SA
(Multi-Utilities)
............
91
46
HC
CAPITAL
TRUST
The
ESG
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
France
(continued)
827
EssilorLuxottica
SA
(Health
Care
Equipment
&
Supplies)
.........
$
187
133
Eurazeo
SE
(Financial
Services)
.......
12
116
Gecina
SA
(Office
REITs)(b)
..........
12
1,232
Getlink
SE
(Transportation
Infrastructure)
21
88
Hermes
International
SCA
(Textiles,
Apparel
&
Luxury
Goods)
..............
225
127
Ipsen
SA
(Pharmaceuticals)
...........
15
225
Kering
SA
(Textiles,
Apparel
&
Luxury
Goods)
.....................
89
568
Klepierre
SA
(Retail
REITs)
..........
15
256
La
Francaise
des
Jeux
SAEM
(Hotels,
Restaurants
&
Leisure)
..........
10
787
Legrand
SA
(Electrical
Equipment)
.....
83
718
L'Oreal
SA
(Personal
Care
Products)
....
340
819
LVMH
Moet
Hennessy
Louis
Vuitton
SE
(Textiles,
Apparel
&
Luxury
Goods)
737
5,633
Orange
SA
(Diversified
Telecommunication
Services)(b)
..................
66
603
Pernod
Ricard
SA
(Beverages)
........
98
689
Publicis
Groupe
SA
(Media)
..........
75
49
Remy
Cointreau
SA
(Beverages)
.......
5
593
Renault
SA
(Automobiles)
...........
30
734
Rexel
SA
(Trading
Companies
&
Distributors)
.................
20
1,017
Safran
SA
(Aerospace
&
Defense)
......
230
3,374
Sanofi
SA
(Pharmaceuticals)
..........
331
88
Sartorius
Stedim
Biotech
(Life
Sciences
Tools
&
Services)(a)
............
25
1,606
Schneider
Electric
SE
(Electrical
Equipment)(b)
................
363
55
SEB
SA
(Household
Durables)(b)
......
7
2,177
Societe
Generale
SA
(Banks)
.........
58
270
Sodexo
SA
(Hotels,
Restaurants
&
Leisure)
23
209
Teleperformance
SE
(Professional
Services)
20
241
Thales
SA
(Aerospace
&
Defense)
......
41
6,468
TotalEnergies
SE
(Oil,
Gas
&
Consumable
Fuels)
......................
443
305
Unibail-Rodamco-Westfield
(Retail
REITs)
(a)
........................
25
2,067
Veolia
Environnement
SA
(Multi-Utilities)
67
1,515
Vinci
SA
(Construction
&
Engineering)
..
194
2,075
Vivendi
SE
(Media)
................
23
762
Worldline
SA
(Financial
Services)(a)
....
9
5,845
Germany
—
2.24%
482
adidas
AG
(Textiles,
Apparel
&
Luxury
Goods)
.....................
108
1,155
Allianz
SE,
Registered
Shares
(Insurance)
346
2,663
BASF
SE
(Chemicals)
..............
152
2,887
Bayer
AG,
Registered
Shares
(Pharmaceuticals)
.............
89
992
Bayerische
Motoren
Werke
AG
(Automobiles)
................
114
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Germany
(continued)
121
Bayerische
Motoren
Werke
AG,
Preference
Shares
(Automobiles)
...........
$
13
275
Bechtle
AG
(IT
Services)
............
15
306
Beiersdorf
AG
(Personal
Care
Products)
..
45
414
Brenntag
SE
(Trading
Companies
&
Distributors)
.................
35
99
Carl
Zeiss
Meditec
AG,
Class
-
BR
(Health
Care
Equipment
&
Supplies)
......
12
3,162
Commerzbank
AG
(Banks)
...........
43
363
Continental
AG
(Automobile
Components)
26
585
Covestro
AG
(Chemicals)(a)
..........
32
1,595
Daimler
Truck
Holding
AG
(Machinery)
.
81
541
Delivery
Hero
SE
(Hotels,
Restaurants
&
Leisure)(a)
..................
15
5,823
Deutsche
Bank
AG,
Registered
Shares
(Capital
Markets)
..............
92
559
Deutsche
Boerse
AG
(Capital
Markets)
..
114
2,156
Deutsche
Lufthansa
AG,
Registered
Shares
(Passenger
Airlines)(a)(b)
........
17
2,987
Deutsche
Post
AG
(Air
Freight
&
Logistics)
129
9,683
Deutsche
Telekom
AG
(Diversified
Telecommunication
Services)(b)
...
235
340
Dr.
Ing.
h.c.
F.
Porsche
AG,
Preference
Shares
(Automobiles)
...........
34
6,704
E.ON
SE
(Multi-Utilities)
............
93
515
Evonik
Industries
AG
(Chemicals)
......
10
614
Fresenius
Medical
Care
AG
(Health
Care
Providers
&
Services)
...........
24
1,272
Fresenius
SE
&
Co.
KGaA
(Health
Care
Providers
&
Services)
...........
34
419
GEA
Group
AG
(Machinery)
.........
18
179
Hannover
Rueck
SE
(Insurance)
.......
49
299
Heidelberg
Materials
AG
(Construction
Materials)
...................
33
263
Henkel
AG
&
Co.
KGaA
(Household
Products)
....................
19
564
Henkel
AG
&
Co.
KGaA,
Preference
Shares
(Household
Products)
...........
45
3,852
Infineon
Technologies
AG
(Semiconductors
&
Semiconductor
Equipment)(b)
...
131
186
Knorr-Bremse
AG
(Machinery)
........
14
193
LEG
Immobilien
SE
(Real
Estate
Management
&
Development)(a)
...
17
2,259
Mercedes-Benz
Group
AG
(Automobiles)
180
384
Merck
KGaA
(Pharmaceuticals)
.......
68
166
MTU
Aero
Engines
AG
(Aerospace
&
Defense)
....................
42
408
Muenchener
Rueckversicherungs-
Gesellschaft
AG
in
Muenchen,
Registered
Shares
(Insurance)
.....
199
174
Nemetschek
SE
(Software)
...........
17
330
Puma
SE
(Textiles,
Apparel
&
Luxury
Goods)(b)
...................
15
20
Rational
AG
(Machinery)
............
17
129
Rheinmetall
AG
(Aerospace
&
Defense)
.
72
47
HC
CAPITAL
TRUST
The
ESG
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Germany
(continued)
1,905
RWE
AG
(Independent
Power
and
Renewable
Electricity
Producers)
..
$
65
3,110
SAP
SE
(Software)
.................
605
80
Sartorius
AG,
Preference
Shares
(Life
Sciences
Tools
&
Services)(b)
.....
32
221
Scout24
SE
(Interactive
Media
&
Services)
17
2,259
Siemens
AG,
Registered
Shares
(Industrial
Conglomerates)
...............
431
1,573
Siemens
Energy
AG
(Electrical
Equipment)
(a)(b)
......................
29
848
Siemens
Healthineers
AG
(Health
Care
Equipment
&
Supplies)(a)
.......
52
408
Symrise
AG
(Chemicals)(b)
..........
49
195
Talanx
AG
(Insurance)
..............
15
2,200
Vonovia
SE
(Real
Estate
Management
&
Development)
................
65
708
Zalando
SE
(Specialty
Retail)(a)
.......
20
4,224
Hong
Kong
—
0.50%
34,200
AIA
Group
Ltd.
(Insurance)
..........
231
11,500
BOC
Hong
Kong
Holdings
Ltd.
(Banks)
.
31
6,500
CK
Asset
Holdings
Ltd.
(Real
Estate
Management
&
Development)
.....
27
8,500
CK
Hutchison
Holdings
Ltd.
(Industrial
Conglomerates)
...............
41
1,500
CK
Infrastructure
Holdings
Ltd.
(Electric
Utilities)
....................
9
5,000
CLP
Holdings
Ltd.
(Electric
Utilities)
...
40
4,200
ESR
Group
Ltd.
(Real
Estate
Management
&
Development)
..............
4
229
Futu
Holdings
Ltd.,
ADR
(Capital
Markets)
(a)
........................
12
7,000
Galaxy
Entertainment
Group
Ltd.
(Hotels,
Restaurants
&
Leisure)
..........
35
5,000
Hang
Lung
Properties
Ltd.
(Real
Estate
Management
&
Development)
.....
5
2,000
Hang
Seng
Bank
Ltd.
(Banks)
.........
22
4,000
Henderson
Land
Development
Co.
Ltd.
(Real
Estate
Management
&
Development)
................
11
11,000
HKT
Trust
&
HKT
Ltd.
(Diversified
Telecommunication
Services)(b)
...
13
35,665
Hong
Kong
&
China
Gas
Co.
Ltd.
(Gas
Utilities)
....................
27
3,549
Hong
Kong
Exchanges
&
Clearing
Ltd.
(Capital
Markets)
..............
103
3,800
Hongkong
Land
Holdings
Ltd.
(Real
Estate
Management
&
Development)
.....
12
8,111
Link
REIT
(Retail
REITs)
............
35
4,000
MTR
Corp.
Ltd.
(Ground
Transportation)
.
13
3,500
Power
Assets
Holdings
Ltd.
(Electric
Utilities)
....................
20
8,158
Prudential
PLC
(Insurance)
...........
76
8,518
Sino
Land
Co.
Ltd.
(Real
Estate
Management
&
Development)
.....
9
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Hong
Kong
(continued)
4,500
Sun
Hung
Kai
Properties
Ltd.
(Real
Estate
Management
&
Development)
.....
$
43
500
Swire
Pacific
Ltd.,
Class
-
A
(Real
Estate
Management
&
Development)
.....
4
3,000
Swire
Properties
Ltd.
(Real
Estate
Management
&
Development)
.....
6
4,000
Techtronic
Industries
Co.
Ltd.
(Machinery)
54
3,000
The
Wharf
Holdings
Ltd.
(Real
Estate
Management
&
Development)
.....
10
31,450
WH
Group
Ltd.
(Food
Products)
.......
21
6,000
Wharf
Real
Estate
Investment
Co.
Ltd.
(Real
Estate
Management
&
Development)
20
934
Ireland
(Republic
of)
—
1.11%
1,820
Accenture
PLC,
Class
-
A
(IT
Services)
..
630
248
AerCap
Holdings
N.V.
(Trading
Companies
&
Distributors)(a)
.............
22
322
AerCap
Holdings
N.V.
(Trading
Companies
&
Distributors)(a)
.............
28
4,074
AIB
Group
PLC
(Banks)
............
21
234
Allegion
PLC
(Building
Products)
......
32
805
Aptiv
PLC
(Automobile
Components)(a)
.
64
3,225
Bank
of
Ireland
Group
PLC
(Banks)
....
33
2,077
CRH
PLC
(Construction
Materials)
.....
179
276
DCC
PLC
(Industrial
Conglomerates)(b)
.
20
2,704
Experian
PLC
(Professional
Services)
...
118
520
Flutter
Entertainment
PLC
(Hotels,
Restaurants
&
Leisure)(a)(b)
......
102
1,311
James
Hardie
Industries
PLC
(Construction
Materials)(a)
.................
53
2,015
Johnson
Controls
International
PLC
(Building
Products)
............
132
487
Kerry
Group
PLC,
Class
-
A
(Food
Products)(b)
.................
42
465
Kingspan
Group
PLC
(Building
Products)
42
3,948
Medtronic
PLC
(Health
Care
Equipment
&
Supplies)
....................
343
840
Smurfit
Kappa
Group
PLC
(Containers
&
Packaging)(b)
................
38
669
Trane
Technologies
PLC
(Building
Products)
....................
201
2,100
Israel
—
0.20%
101
Azrieli
Group
Ltd.
(Real
Estate
Management
&
Development)
..............
7
3,649
Bank
Hapoalim
BM
(Banks)
..........
34
4,740
Bank
Leumi
Le-Israel
BM
(Banks)
.....
39
288
Check
Point
Software
Technologies
Ltd.
(Software)(a)
.................
47
125
CyberArk
Software
Ltd.
(Software)(a)
...
33
84
Elbit
Systems
Ltd.
(Aerospace
&
Defense)
18
286
Global-e
Online
Ltd.
(Broadline
Retail)(a)
10
2,505
ICL
Group
Ltd.
(Chemicals)
..........
13
48
HC
CAPITAL
TRUST
The
ESG
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Israel
(continued)
1
Isracard
Ltd.
(Consumer
Finance)
......
$
—
4,694
Israel
Discount
Bank
Ltd.,
Class
-
A
(Banks)
24
444
Mizrahi
Tefahot
Bank
Ltd.
(Banks)
.....
17
89
Monday.com
Ltd.
(Software)(a)
........
20
181
Nice
Ltd.
(Software)(a)
..............
47
3,391
Teva
Pharmaceutical
Industries
Ltd.,
ADR
(Pharmaceuticals)(a)
...........
49
136
Wix.com
Ltd.
(IT
Services)(a)
.........
19
377
Italy
—
0.63%
466
Amplifon
SpA
(Health
Care
Providers
&
Services)
....................
17
2,886
Assicurazioni
Generali
SpA
(Insurance)
..
73
3,238
Banco
BPM
SpA
(Banks)
............
22
1,427
Davide
Campari-Milano
N.V.,
Class
-
M
(Beverages)(b)
................
14
54
DiaSorin
SpA
(Health
Care
Equipment
&
Supplies)
....................
5
23,895
Enel
SpA
(Electric
Utilities)(b)
........
158
6,796
Eni
SpA
(Oil,
Gas
&
Consumable
Fuels)
.
107
386
Ferrari
N.V.
(Automobiles)
...........
168
1,831
FinecoBank
Banca
Fineco
SpA
(Banks)
..
27
1,050
Infrastrutture
Wireless
Italiane
SpA
(Diversified
Telecommunication
Services)(b)
..................
12
42,685
Intesa
Sanpaolo
SpA
(Banks)(b)
.......
155
1,167
Leonardo
SpA
(Aerospace
&
Defense)
...
29
1,412
Mediobanca
Banca
di
Credito
Finanziario
SpA
(Banks)
.................
21
614
Moncler
SpA
(Textiles,
Apparel
&
Luxury
Goods)
.....................
46
2,061
Nexi
SpA
(Financial
Services)(a)
.......
13
1,363
Poste
Italiane
SpA
(Insurance)
.........
17
880
Prysmian
SpA
(Electrical
Equipment)
...
46
257
Recordati
Industria
Chimica
e
Farmaceutica
SpA
(Pharmaceuticals)
..........
14
7,012
Snam
SpA
(Gas
Utilities)
............
33
25,056
Telecom
Italia
SpA/Milano
(Diversified
Telecommunication
Services)(a)
...
6
4,220
Terna
-
Rete
Elettrica
Nazionale
(Electric
Utilities)
....................
35
4,489
UniCredit
SpA
(Banks)
..............
171
1,189
Japan
—
6.14%
2,100
Advantest
Corp.
(Semiconductors
&
Semiconductor
Equipment)(b)
.....
93
2,100
Aeon
Co.
Ltd.
(Consumer
Staples
Distribution
&
Retail)
...........
50
500
AGC,
Inc.
(Building
Products)
........
18
1,400
Ajinomoto
Co.,
Inc.
(Food
Products)
....
52
300
ANA
Holdings,
Inc.
(Passenger
Airlines)(b)
6
1,500
Asahi
Group
Holdings
Ltd.
(Beverages)(b)
55
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Japan
(continued)
500
Asahi
Intecc
Co.
Ltd.
(Health
Care
Equipment
&
Supplies)
.........
$
9
3,200
Asahi
Kasei
Corp.
(Chemicals)
........
23
5,500
Astellas
Pharma,
Inc.
(Pharmaceuticals)
..
59
300
Azbil
Corp.
(Electronic
Equipment,
Instruments
&
Components)
......
8
1,800
Bandai
Namco
Holdings,
Inc.
(Leisure
Products)
....................
33
1,700
Bridgestone
Corp.
(Automobile
Components)
.................
75
800
Brother
Industries
Ltd.
(Technology
Hardware,
Storage
&
Peripherals)
..
15
3,000
Canon,
Inc.
(Technology
Hardware,
Storage
&
Peripherals)
................
89
1,200
Capcom
Co.
Ltd.
(Entertainment)
......
22
2,000
Central
Japan
Railway
Co.
(Ground
Transportation)
...............
50
2,000
Chubu
Electric
Power
Co.,
Inc.
(Electric
Utilities)
....................
26
2,000
Chugai
Pharmaceutical
Co.
Ltd.
(Pharmaceuticals)
.............
76
2,800
Concordia
Financial
Group
Ltd.
(Banks)
.
14
600
Dai
Nippon
Printing
Co.
Ltd.
(Commercial
Services
&
Supplies)
...........
18
1,000
Daifuku
Co.
Ltd.
(Machinery)
.........
24
2,800
Dai-ichi
Life
Holdings,
Inc.
(Insurance)
..
71
5,600
Daiichi
Sankyo
Co.
Ltd.
(Pharmaceuticals)
178
800
Daikin
Industries
Ltd.
(Building
Products)
109
200
Daito
Trust
Construction
Co.
Ltd.
(Real
Estate
Management
&
Development)
23
2,000
Daiwa
House
Industry
Co.
Ltd.
(Real
Estate
Management
&
Development)
.....
59
3,800
Daiwa
Securities
Group,
Inc.
(Capital
Markets)
....................
29
5,900
Denso
Corp.
(Automobile
Components)
..
112
700
Dentsu
Group,
Inc.
(Media)
..........
19
300
Disco
Corp.
(Semiconductors
&
Semiconductor
Equipment)
.......
109
3,000
East
Japan
Railway
Co.
(Ground
Transportation)
...............
57
800
Eisai
Co.
Ltd.
(Pharmaceuticals)
.......
33
7,800
ENEOS
Holdings,
Inc.
(Oil,
Gas
&
Consumable
Fuels)
.............
37
2,900
FANUC
Corp.
(Machinery)
...........
81
500
Fast
Retailing
Co.
Ltd.
(Specialty
Retail)
.
154
300
Fuji
Electric
Co.
Ltd.
(Electrical
Equipment)
20
3,300
FUJIFILM
Holdings
Corp.
(Technology
Hardware,
Storage
&
Peripherals)
..
74
5,000
Fujitsu
Ltd.
(IT
Services)(b)
..........
80
15
GLP
J-Reit
(Industrial
REITs)(b)
.......
13
500
Hamamatsu
Photonics
KK
(Electronic
Equipment,
Instruments
&
Components)
.................
18
600
Hankyu
Hanshin
Holdings,
Inc.
(Ground
Transportation)
...............
17
49
HC
CAPITAL
TRUST
The
ESG
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Japan
(continued)
100
Hikari
Tsushin,
Inc.
(Industrial
Conglomerates)
...............
$
19
100
Hirose
Electric
Co.
Ltd.
(Electronic
Equipment,
Instruments
&
Components)
.................
10
300
Hitachi
Construction
Machinery
Co.
Ltd.
(Machinery)
.................
9
2,800
Hitachi
Ltd.
(Industrial
Conglomerates)
..
255
13,800
Honda
Motor
Co.
Ltd.
(Automobiles)
...
170
400
Hoshizaki
Corp.
(Machinery)
.........
15
1,000
Hoya
Corp.
(Health
Care
Equipment
&
Supplies)
....................
124
800
Hulic
Co.
Ltd.
(Real
Estate
Management
&
Development)(b)
..............
8
300
Ibiden
Co.
Ltd.
(Electronic
Equipment,
Instruments
&
Components)
......
13
2,500
Idemitsu
Kosan
Co.
Ltd.
(Oil,
Gas
&
Consumable
Fuels)(b)
..........
17
400
Iida
Group
Holdings
Co.
Ltd.
(Household
Durables)
...................
5
3,000
Inpex
Corp.
(Oil,
Gas
&
Consumable
Fuels)
46
1,500
Isuzu
Motors
Ltd.
(Automobiles)
.......
20
3,500
ITOCHU
Corp.
(Trading
Companies
&
Distributors)
.................
149
400
Japan
Airlines
Co.
Ltd.
(Passenger
Airlines)
(b)
........................
8
1,500
Japan
Exchange
Group,
Inc.
(Capital
Markets)
....................
40
18
Japan
Metropolitan
Fund
Invest
(Retail
REITs)
.....................
11
4,400
Japan
Post
Bank
Co.
Ltd.
(Banks)(b)
....
47
6,600
Japan
Post
Holdings
Co.
Ltd.
(Insurance)(b)
66
500
Japan
Post
Insurance
Co.
Ltd.
(Insurance)(b)
10
3
Japan
Real
Estate
Investment
Corp.
(Office
REITs)
.....................
11
1,600
JFE
Holdings,
Inc.
(Metals
&
Mining)(b)
.
26
500
JSR
Corp.
(Chemicals)
..............
14
1,100
Kajima
Corp.
(Construction
&
Engineering)
22
1,400
Kao
Corp.
(Personal
Care
Products)
.....
52
1,500
Kawasaki
Kisen
Kaisha
Ltd.
(Marine
Transportation)
...............
20
4,500
KDDI
Corp.
(Wireless
Telecommunication
Services)
....................
133
14
KDX
Realty
Investment
Corp.
(Diversified
REITs)
.....................
15
500
Keisei
Electric
Railway
Co.
Ltd.
(Ground
Transportation)
...............
20
600
Keyence
Corp.
(Electronic
Equipment,
Instruments
&
Components)
......
279
2,000
Kikkoman
Corp.
(Food
Products)
......
26
700
Kintetsu
Group
Holdings
Co.
Ltd.
(Ground
Transportation)
...............
20
2,800
Kirin
Holdings
Co.
Ltd.
(Beverages)
....
39
400
Kobe
Bussan
Co.
Ltd.
(Consumer
Staples
Distribution
&
Retail)
...........
10
500
Koito
Manufacturing
Co.
Ltd.
(Automobile
Components)
.................
7
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Japan
(continued)
2,800
Komatsu
Ltd.
(Machinery)
...........
$
83
300
Konami
Group
Corp.
(Entertainment)
...
20
3,200
Kubota
Corp.
(Machinery)
...........
50
4,000
Kyocera
Corp.
(Electronic
Equipment,
Instruments
&
Components)
......
53
700
Kyowa
Kirin
Co.
Ltd.
(Pharmaceuticals)
.
13
6,700
LY
Corp.
(Interactive
Media
&
Services)
.
17
700
Makita
Corp.
(Machinery)
...........
20
4,500
Marubeni
Corp.
(Trading
Companies
&
Distributors)
.................
78
900
MatsukiyoCocokara
&
Co.
(Consumer
Staples
Distribution
&
Retail)
.....
14
1,500
Mazda
Motor
Corp.
(Automobiles)
.....
17
200
McDonald's
Holdings
Co.
Japan
Ltd.
(Hotels,
Restaurants
&
Leisure)
....
9
600
MEIJI
Holdings
Co.
Ltd.
(Food
Products)
13
900
MINEBEA
MITSUMI,
Inc.
(Machinery)
.
18
700
MISUMI
Group,
Inc.
(Machinery)
......
10
3,200
Mitsubishi
Chemical
Group
Corp.
(Chemicals)
..................
19
10,200
Mitsubishi
Corp.
(Trading
Companies
&
Distributors)
.................
235
5,700
Mitsubishi
Electric
Corp.
(Electrical
Equipment)
..................
95
3,200
Mitsubishi
Estate
Co.
Ltd.
(Real
Estate
Management
&
Development)
.....
58
3,200
Mitsubishi
HC
Capital,
Inc.
(Financial
Services)
....................
22
10,000
Mitsubishi
Heavy
Industries
Ltd.
(Machinery)
.................
90
31,900
Mitsubishi
UFJ
Financial
Group,
Inc.
(Banks)
.....................
325
3,900
Mitsui
&
Co.
Ltd.
(Trading
Companies
&
Distributors)
.................
181
400
Mitsui
Chemicals,
Inc.
(Chemicals)
.....
12
8,400
Mitsui
Fudosan
Co.
Ltd.
(Real
Estate
Management
&
Development)
.....
90
800
Mitsui
O.S.K.
Lines
Ltd.
(Marine
Transportation)
...............
24
7,140
Mizuho
Financial
Group,
Inc.
(Banks)
...
141
600
MonotaRO
Co.
Ltd.
(Trading
Companies
&
Distributors)
.................
7
3,900
MS&AD
Insurance
Group
Holdings,
Inc.
(Insurance)
..................
69
5,100
Murata
Manufacturing
Co.
Ltd.
(Electronic
Equipment,
Instruments
&
Components)
.................
96
700
NEC
Corp.
(IT
Services)
.............
51
1,200
Nexon
Co.
Ltd.
(Entertainment)
.......
20
1,300
NIDEC
Corp.
(Electrical
Equipment)
....
53
3,100
Nintendo
Co.
Ltd.
(Entertainment)
......
169
4
Nippon
Building
Fund,
Inc.
(Office
REITs)
16
200
NIPPON
EXPRESS
HOLDINGS,
Inc.
(Air
Freight
&
Logistics)
............
10
3,000
Nippon
Paint
Holdings
Co.
Ltd.
(Chemicals)
(b)
........................
21
50
HC
CAPITAL
TRUST
The
ESG
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Japan
(continued)
5
Nippon
Prologis
REIT,
Inc.
(Industrial
REITs)(b)
...................
$
9
600
Nippon
Sanso
Holdings
Corp.
(Chemicals)
19
2,500
Nippon
Steel
Corp.
(Metals
&
Mining)(b)
60
89,600
Nippon
Telegraph
&
Telephone
Corp.
(Diversified
Telecommunication
Services)
....................
107
1,500
Nippon
Yusen
KK
(Marine
Transportation)
41
300
Nissan
Chemical
Corp.
(Chemicals)
.....
11
7,400
Nissan
Motor
Co.
Ltd.
(Automobiles)
...
29
600
Nissin
Foods
Holdings
Co.
Ltd.
(Food
Products)(b)
.................
17
200
Nitori
Holdings
Co.
Ltd.
(Specialty
Retail)
30
400
Nitto
Denko
Corp.
(Chemicals)
........
36
8,500
Nomura
Holdings,
Inc.
(Capital
Markets)
.
54
400
Nomura
Real
Estate
Holdings,
Inc.
(Real
Estate
Management
&
Development)
11
11
Nomura
Real
Estate
Master
Fund,
Inc.
(Diversified
REITs)
............
11
1,200
Nomura
Research
Institute
Ltd.
(IT
Services)
....................
34
2,100
NTT
Data
Group
Corp.
(IT
Services)
....
33
1,600
Obayashi
Corp.
(Construction
&
Engineering)
.................
19
200
Obic
Co.
Ltd.
(IT
Services)
...........
30
1,200
Odakyu
Electric
Railway
Co.
Ltd.
(Ground
Transportation)
...............
17
3,700
Olympus
Corp.
(Health
Care
Equipment
&
Supplies)
....................
53
500
Omron
Corp.
(Electronic
Equipment,
Instruments
&
Components)
......
18
1,300
Ono
Pharmaceutical
Co.
Ltd.
(Pharmaceuticals)
.............
21
100
Oracle
Corp.
Japan
(Software)
.........
7
3,200
Oriental
Land
Co.
Ltd.
(Hotels,
Restaurants
&
Leisure)
...................
102
3,600
ORIX
Corp.
(Financial
Services)
.......
78
1,000
Osaka
Gas
Co.
Ltd.
(Gas
Utilities)
......
22
600
Otsuka
Corp.
(IT
Services)
...........
13
1,200
Otsuka
Holdings
Co.
Ltd.
(Pharmaceuticals)
50
1,000
Pan
Pacific
International
Holdings
Corp.
(Broadline
Retail)
.............
26
6,600
Panasonic
Holdings
Corp.
(Household
Durables)
...................
63
5,500
Rakuten
Group,
Inc.
(Broadline
Retail)(b)
31
4,300
Recruit
Holdings
Co.
Ltd.
(Professional
Services)
....................
188
4,300
Renesas
Electronics
Corp.
(Semiconductors
&
Semiconductor
Equipment)(b)
...
76
6,500
Resona
Holdings,
Inc.
(Banks)
........
40
1,600
Ricoh
Co.
Ltd.
(Technology
Hardware,
Storage
&
Peripherals)
..........
14
1,200
Rohm
Co.
Ltd.
(Semiconductors
&
Semiconductor
Equipment)
.......
19
600
SBI
Holdings,
Inc.
(Capital
Markets)
....
16
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Japan
(continued)
200
SCREEN
Holdings
Co.
Ltd.
(Semiconductors
&
Semiconductor
Equipment)
..................
$
26
300
SCSK
Corp.
(IT
Services)
............
6
700
Secom
Co.
Ltd.
(Commercial
Services
&
Supplies)
....................
51
800
Seiko
Epson
Corp.
(Technology
Hardware,
Storage
&
Peripherals)
..........
14
1,000
Sekisui
Chemical
Co.
Ltd.
(Household
Durables)
...................
15
2,000
Sekisui
House
Ltd.
(Household
Durables)
45
6,900
Seven
&
i
Holdings
Co.
Ltd.
(Consumer
Staples
Distribution
&
Retail)
.....
100
800
SG
Holdings
Co.
Ltd.
(Air
Freight
&
Logistics)
...................
10
500
Sharp
Corp.
(Household
Durables)(a)(b)
.
3
800
Shimadzu
Corp.
(Electronic
Equipment,
Instruments
&
Components)
......
22
200
Shimano,
Inc.
(Leisure
Products)
.......
30
1,400
Shimizu
Corp.
(Construction
&
Engineering)
.................
9
5,400
Shin-Etsu
Chemical
Co.
Ltd.
(Chemicals)
236
800
Shionogi
&
Co.
Ltd.
(Pharmaceuticals)
..
41
1,200
Shiseido
Co.
Ltd.
(Personal
Care
Products)
33
1,000
Shizuoka
Financial
Group,
Inc.
(Banks)
..
9
200
SMC
Corp.
(Machinery)
.............
112
8,600
SoftBank
Corp.
(Wireless
Telecommunication
Services)
.....
110
3,000
SoftBank
Group
Corp.
(Wireless
Telecommunication
Services)
.....
178
2,400
Sompo
Holdings,
Inc.
(Insurance)
......
50
3,700
Sony
Group
Corp.
(Household
Durables)
.
317
200
Square
Enix
Holdings
Co.
Ltd.
(Entertainment)
...............
8
2,000
Subaru
Corp.
(Automobiles)
..........
45
900
SUMCO
Corp.
(Semiconductors
&
Semiconductor
Equipment)(b)
.....
14
2,900
Sumitomo
Corp.
(Trading
Companies
&
Distributors)
.................
70
1,900
Sumitomo
Electric
Industries
Ltd.
(Automobile
Components)
.......
29
600
Sumitomo
Metal
Mining
Co.
Ltd.
(Metals
&
Mining)
.....................
18
3,800
Sumitomo
Mitsui
Financial
Group,
Inc.
(Banks)
.....................
222
2,000
Sumitomo
Mitsui
Trust
Holdings,
Inc.
(Banks)
.....................
43
800
Sumitomo
Realty
&
Development
Co.
Ltd.
(Real
Estate
Management
&
Development)
................
30
300
Suntory
Beverage
&
Food
Ltd.
(Beverages)
10
4,800
Suzuki
Motor
Corp.
(Automobiles)
.....
55
1,500
Sysmex
Corp.
(Health
Care
Equipment
&
Supplies)
....................
27
1,800
T&D
Holdings,
Inc.
(Insurance)
.......
31
500
Taisei
Corp.
(Construction
&
Engineering)
18
51
HC
CAPITAL
TRUST
The
ESG
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Japan
(continued)
4,700
Takeda
Pharmaceutical
Co.
Ltd.
(Pharmaceuticals)
.............
$
131
1,200
TDK
Corp.
(Electronic
Equipment,
Instruments
&
Components)
......
59
4,000
Terumo
Corp.
(Health
Care
Equipment
&
Supplies)
....................
73
1,200
The
Chiba
Bank
Ltd.
(Banks)
.........
10
2,300
The
Kansai
Electric
Power
Co.,
Inc.
(Electric
Utilities)
.............
33
800
TIS,
Inc.
(IT
Services)
..............
17
500
Tobu
Railway
Co.
Ltd.
(Ground
Transportation)
...............
12
300
Toho
Co.
Ltd.
(Entertainment)
.........
10
5,300
Tokio
Marine
Holdings,
Inc.
(Insurance)
.
165
1,400
Tokyo
Electron
Ltd.
(Semiconductors
&
Semiconductor
Equipment)
.......
364
1,000
Tokyo
Gas
Co.
Ltd.
(Gas
Utilities)
......
23
1,900
Tokyu
Corp.
(Ground
Transportation)
...
23
600
TOPPAN
Holdings,
Inc.
(Commercial
Services
&
Supplies)
...........
15
3,400
Toray
Industries,
Inc.
(Chemicals)
......
16
300
TOTO
Ltd.
(Building
Products)
........
8
400
Toyota
Industries
Corp.
(Machinery)
....
42
31,400
Toyota
Motor
Corp.
(Automobiles)
.....
791
700
Toyota
Tsusho
Corp.
(Trading
Companies
&
Distributors)
.................
48
400
Trend
Micro,
Inc.
(Software)
..........
20
1,200
Unicharm
Corp.
(Household
Products)
...
38
1,000
USS
Co.
Ltd.
(Specialty
Retail)
........
8
1,400
West
Japan
Railway
Co.
(Ground
Transportation)(b)
.............
29
800
Yakult
Honsha
Co.
Ltd.
(Food
Products)
.
16
300
Yamaha
Corp.
(Leisure
Products)
......
6
2,400
Yamaha
Motor
Co.
Ltd.
(Automobiles)
..
22
800
Yamato
Holdings
Co.
Ltd.
(Air
Freight
&
Logistics)
...................
12
800
Yaskawa
Electric
Corp.
(Machinery)
....
34
600
Yokogawa
Electric
Corp.
(Electronic
Equipment,
Instruments
&
Components)
.................
14
300
Zensho
Holdings
Co.
Ltd.
(Hotels,
Restaurants
&
Leisure)
..........
12
300
ZOZO,
Inc.
(Specialty
Retail)(b)
.......
7
11,563
Jordan
—
0.01%
509
Hikma
Pharmaceuticals
PLC
(Pharmaceuticals)(b)
...........
12
Luxembourg
—
0.05%
1,581
ArcelorMittal
SA
(Metals
&
Mining)
....
43
422
Eurofins
Scientific
SE
(Life
Sciences
Tools
&
Services)
..................
27
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Luxembourg
(continued)
1,520
Tenaris
SA
(Energy
Equipment
&
Services)
$
30
100
Macau
—
0.01%
7,600
Sands
China
Ltd.
(Hotels,
Restaurants
&
Leisure)(a)
..................
21
Netherlands
—
1.51%
1,484
ABN
AMRO
Bank
N.V.
(Banks)
.......
25
64
Adyen
N.V.
(Financial
Services)(a)(b)
...
108
4,651
Aegon
Ltd.
(Insurance)
..............
28
504
Akzo
Nobel
N.V.
(Chemicals)
.........
38
176
Argenx
SE
(Biotechnology)(a)
........
70
145
ASM
International
N.V.
(Semiconductors
&
Semiconductor
Equipment)
.......
89
1,199
ASML
Holding
N.V.
(Semiconductors
&
Semiconductor
Equipment)(b)
.....
1,153
524
ASR
Nederland
N.V.
(Insurance)
.......
26
209
BE
Semiconductor
Industries
N.V.
(Semiconductors
&
Semiconductor
Equipment)
..................
32
214
Euronext
N.V.
(Capital
Markets)
.......
20
275
EXOR
N.V.
(Financial
Services)
.......
31
366
Heineken
Holding
N.V.
(Beverages)
....
30
877
Heineken
N.V.
(Beverages)
...........
85
178
IMCD
N.V.
(Trading
Companies
&
Distributors)(b)
...............
31
10,023
ING
Groep
N.V.
(Banks)
.............
165
425
JDE
Peet's
N.V.
(Food
Products)(b)
.....
9
2,861
Koninklijke
Ahold
Delhaize
N.V.
(Consumer
Staples
Distribution
&
Retail)
.....
86
10,003
Koninklijke
KPN
N.V.
(Diversified
Telecommunication
Services)
.....
37
734
NN
Group
N.V.
(Insurance)
...........
34
761
NXP
Semiconductors
N.V.
(Semiconductors
&
Semiconductor
Equipment)
.....
188
248
OCI
N.V.
(Chemicals)(b)
............
7
4,344
Prosus
N.V.
(Broadline
Retail)(b)
......
136
676
QIAGEN
N.V.
(Life
Sciences
Tools
&
Services)(a)
..................
29
276
Randstad
N.V.
(Professional
Services)
...
15
6,592
Stellantis
N.V.
(Automobiles)
.........
187
2,441
Universal
Music
Group
N.V.
(Entertainment)
...............
73
751
Wolters
Kluwer
N.V.
(Professional
Services)
118
2,850
New
Zealand
—
0.06%
4,769
Auckland
International
Airport
Ltd.
(Transportation
Infrastructure)
.....
24
1,455
Fisher
&
Paykel
Healthcare
Corp.
Ltd.
(Health
Care
Equipment
&
Supplies)
22
1,764
Mercury
NZ
Ltd.
(Electric
Utilities)
.....
7
52
HC
CAPITAL
TRUST
The
ESG
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
New
Zealand
(continued)
2,860
Meridian
Energy
Ltd.
(Independent
Power
and
Renewable
Electricity
Producers)
$
10
5,100
Spark
New
Zealand
Ltd.
(Diversified
Telecommunication
Services)
.....
15
443
Xero
Ltd.
(Software)(a)
.............
38
116
Norway
—
0.15%
741
Adevinta
ASA
(Interactive
Media
&
Services)(a)
..................
8
1,069
Aker
BP
ASA
(Oil,
Gas
&
Consumable
Fuels)
......................
27
2,744
DNB
Bank
ASA
(Banks)
............
54
2,721
Equinor
ASA
(Oil,
Gas
&
Consumable
Fuels)
......................
71
485
Gjensidige
Forsikring
ASA
(Insurance)
..
7
217
Kongsberg
Gruppen
ASA
(Aerospace
&
Defense)
....................
15
1,453
Mowi
ASA
(Food
Products)(b)
........
27
3,388
Norsk
Hydro
ASA
(Metals
&
Mining)
...
19
1,866
Orkla
ASA
(Food
Products)
..........
13
241
Salmar
ASA
(Food
Products)
.........
16
1,828
Telenor
ASA
(Diversified
Telecommunication
Services)
.....
20
438
Yara
International
ASA
(Chemicals)
....
14
291
Portugal
—
0.04%
9,123
EDP
-
Energias
de
Portugal
SA
(Electric
Utilities)
....................
35
1,200
Galp
Energia
SGPS
SA
(Oil,
Gas
&
Consumable
Fuels)(b)
..........
20
752
Jeronimo
Martins
SGPS
SA
(Consumer
Staples
Distribution
&
Retail)(b)
...
15
70
Singapore
—
0.31%
11,741
CapitaLand
Ascendas
REIT
(Industrial
REITs)
.....................
24
12,356
CapitaLand
Integrated
Commercial
Trust
(Retail
REITs)
................
18
6,700
CapitaLand
Investment
Ltd.
(Real
Estate
Management
&
Development)
.....
13
1,000
City
Developments
Ltd.
(Real
Estate
Management
&
Development)
.....
4
5,461
DBS
Group
Holdings
Ltd.
(Banks)
.....
146
15,700
Genting
Singapore
Ltd.
(Hotels,
Restaurants
&
Leisure)
...................
10
5,748
Grab
Holdings
Ltd.
(Ground
Transportation)
(a)
........................
18
300
Jardine
Cycle
&
Carriage
Ltd.
(Industrial
Conglomerates)
...............
5
4,100
Keppel
Ltd.
(Industrial
Conglomerates)
..
22
6,014
Mapletree
Logistics
Trust
(Industrial
REITs)
7
10,390
Oversea-Chinese
Banking
Corp.
Ltd.
(Banks)
.....................
104
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Singapore
(continued)
136,048
Seatrium
Ltd.
(Machinery)(a)
.........
$
8
2,700
Sembcorp
Industries
Ltd.
(Multi-Utilities)
11
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)
....................
47
3,800
United
Overseas
Bank
Ltd.
(Banks)
.....
83
5,000
Wilmar
International
Ltd.
(Food
Products)
13
589
Spain
—
0.72%
54
Acciona
SA
(Electric
Utilities)
........
7
687
ACS
Actividades
de
Construccion
y
Servicios
SA
(Construction
&
Engineering)
.................
29
231
Aena
SME
SA
(Transportation
Infrastructure)
................
45
1,338
Amadeus
IT
Group
SA
(Hotels,
Restaurants
&
Leisure)
...................
86
17,574
Banco
Bilbao
Vizcaya
Argentaria
SA
(Banks)
.....................
209
48,087
Banco
Santander
SA
(Banks)(b)
.......
234
12,123
CaixaBank
SA
(Banks)
..............
59
1,476
Cellnex
Telecom
SA
(Diversified
Telecommunication
Services)(b)
...
52
976
EDP
Renovaveis
SA
(Independent
Power
and
Renewable
Electricity
Producers)
13
812
Enagas
SA
(Gas
Utilities)(b)
..........
12
802
Endesa
SA
(Electric
Utilities)
.........
15
1,545
Ferrovial
SE
(Construction
&
Engineering)
61
1,194
Grifols
SA
(Biotechnology)(a)
.........
11
18,309
Iberdrola
SA
(Electric
Utilities)
........
227
3,229
Industria
de
Diseno
Textil
SA
(Specialty
Retail)
......................
163
1,081
Redeia
Corp.
SA
(Electric
Utilities)
.....
18
3,525
Repsol
SA
(Oil,
Gas
&
Consumable
Fuels)
59
13,288
Telefonica
SA
(Diversified
Telecommunication
Services)
.....
59
1,359
Sweden
—
0.83%
779
Alfa
Laval
AB
(Machinery)
..........
31
3,086
Assa
Abloy
AB,
Class
-
B
(Building
Products)
....................
89
7,773
Atlas
Copco
AB,
Class
-
A
(Machinery)
..
131
4,700
Atlas
Copco
AB,
Class
-
B
(Machinery)
..
69
1,237
Beijer
Ref
AB
(Trading
Companies
&
Distributors)
.................
18
764
Boliden
AB
(Metals
&
Mining)
........
21
2,092
Epiroc
AB,
Class
-
A
(Machinery)
......
39
1,066
Epiroc
AB,
Class
-
B
(Machinery)
......
18
53
HC
CAPITAL
TRUST
The
ESG
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Sweden
(continued)
1,104
EQT
AB
(Capital
Markets)
...........
$
35
1,896
Essity
AB,
Class
-
B
(Household
Products)
45
546
Evolution
AB
(Hotels,
Restaurants
&
Leisure)
....................
68
1,608
Fastighets
AB
Balder,
B
shares
(Real
Estate
Management
&
Development)(a)
...
12
767
Getinge
AB,
B
shares
(Health
Care
Equipment
&
Supplies)
.........
15
2,002
H
&
M
Hennes
&
Mauritz
AB,
Class
-
B
(Specialty
Retail)
..............
33
6,182
Hexagon
AB,
Class
-
B
(Electronic
Equipment,
Instruments
&
Components)
.................
73
172
Holmen
AB,
B
shares
(Paper
&
Forest
Products)
....................
7
854
Husqvarna
AB,
B
shares
(Machinery)
...
7
282
Industrivarden
AB,
Class
-
A
(Financial
Services)(b)
..................
10
451
Industrivarden
AB,
Class
-
C
(Financial
Services)
....................
16
910
Indutrade
AB
(Machinery)
...........
25
321
Investment
AB
Latour,
Class
-
B
(Industrial
Conglomerates)
...............
8
5,230
Investor
AB,
Class
-
B
(Financial
Services)
131
169
L
E
Lundbergforetagen
AB,
Class
-
B
(Financial
Services)
............
9
580
Lifco
AB,
Class
-
B
(Industrial
Conglomerates)
...............
15
4,601
Nibe
Industrier
AB,
Class
-
B
(Building
Products)
....................
23
253
Saab
AB,
Class
-
B
(Aerospace
&
Defense)
23
678
Sagax
AB,
Class
-
B
(Real
Estate
Management
&
Development)
.....
18
3,271
Sandvik
AB
(Machinery)
............
73
1,789
Securitas
AB,
Class
-
B
(Commercial
Services
&
Supplies)
...........
18
4,874
Skandinaviska
Enskilda
Banken
AB,
Class
-
A
(Banks)
...................
66
933
Skanska
AB,
Class
-
B
(Construction
&
Engineering)
.................
17
888
SKF
AB,
B
shares
(Machinery)
........
18
2,064
Svenska
Cellulosa
AB
SCA,
Class
-
B
(Paper
&
Forest
Products)
........
32
4,521
Svenska
Handelsbanken
AB,
Class
-
A
(Banks)
.....................
46
2,539
Swedbank
AB,
Class
-
A
(Banks)
.......
50
724
Swedish
Orphan
Biovitrum
AB
(Biotechnology)(a)
.............
18
1,442
Tele2
AB,
B
shares
(Wireless
Telecommunication
Services)
.....
12
9,054
Telefonaktiebolaget
LM
Ericsson,
Class
-
B
(Communications
Equipment)
.....
49
6,801
Telia
Co.
AB
(Diversified
Telecommunication
Services)(b)
...
17
648
Volvo
AB,
Class
-
A
(Machinery)
.......
18
4,503
Volvo
AB,
Class
-
B
(Machinery)
......
122
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Sweden
(continued)
4,100
Volvo
Car
AB,
Class
-
B
(Automobiles)(a)
(b)
........................
$
16
1,561
Switzerland
—
2.89%
4,722
ABB
Ltd.,
Registered
Shares
(Electrical
Equipment)
..................
219
513
Adecco
Group
AG
(Professional
Services)
(b)
........................
20
1,469
Alcon,
Inc.
(Health
Care
Equipment
&
Supplies)
....................
122
214
Avolta
AG,
Registered
Shares
(Specialty
Retail)(a)(b)
.................
9
75
Bachem
Holding
AG
(Life
Sciences
Tools
&
Services)
....................
7
117
Baloise
Holding
AG,
Registered
Shares
(Insurance)
..................
18
109
Banque
Cantonale
Vaudoise,
Registered
Shares
(Banks)
................
13
13
Barry
Callebaut
AG,
Registered
Shares
(Food
Products)(b)
.............
19
77
BKW
AG
(Electric
Utilities)
..........
12
5
Chocoladefabriken
Lindt
&
Spruengli
AG,
Class
-
PC
(Food
Products)
.......
60
1,223
Chubb
Ltd.
(Insurance)
..............
317
1,620
Cie
Financiere
Richemont
SA,
Registered
Shares
(Textiles,
Apparel
&
Luxury
Goods)
.....................
247
541
Clariant
AG,
Registered
Shares
(Chemicals)
7
683
Coca-Cola
HBC
AG
(Beverages)
.......
22
596
DSM-Firmenich
AG
(Chemicals)
......
68
23
EMS-Chemie
Holding
AG
(Chemicals)
..
18
475
Garmin
Ltd.
(Household
Durables)
.....
71
107
Geberit
AG,
Registered
Shares
(Building
Products)
....................
63
28
Givaudan
SA,
Registered
Shares
(Chemicals)
..................
125
29,911
Glencore
PLC
(Metals
&
Mining)(b)
....
164
86
Helvetia
Holding
AG,
Registered
Shares
(Insurance)
..................
12
1,549
Holcim
AG
(Construction
Materials)(b)
..
140
652
Julius
Baer
Group
Ltd.
(Capital
Markets)
.
38
163
Kuehne
+
Nagel
International
AG,
Registered
Shares
(Marine
Transportation)
...............
45
491
Logitech
International
SA,
Registered
Shares
(Technology
Hardware,
Storage
&
Peripherals)
................
44
218
Lonza
Group
AG,
Registered
Shares
(Life
Sciences
Tools
&
Services)(b)
.....
131
7,911
Nestle
SA,
Registered
Shares
(Food
Products)
....................
839
6,078
Novartis
AG,
Registered
Shares
(Pharmaceuticals)
.............
589
67
Partners
Group
Holding
AG
(Capital
Markets)
....................
96
2,096
Roche
Holding
AG
(Pharmaceuticals)
...
534
54
HC
CAPITAL
TRUST
The
ESG
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Switzerland
(continued)
96
Roche
Holding
AG,
Class
-
BR
(Pharmaceuticals)
.............
$
26
1,222
Sandoz
Group
AG
(Pharmaceuticals)(a)
..
37
142
Schindler
Holding
AG,
Class
-
PC
(Machinery)
.................
36
50
Schindler
Holding
AG,
Registered
Shares
(Machinery)
.................
12
461
SGS
SA,
Registered
Shares
(Professional
Services)(b)
..................
45
945
SIG
Group
AG
(Containers
&
Packaging)(b)
21
460
Sika
AG,
Registered
Shares
(Chemicals)(b)
137
153
Sonova
Holding
AG
(Health
Care
Equipment
&
Supplies)(b)
.......
44
2,093
STMicroelectronics
N.V.
(Semiconductors
&
Semiconductor
Equipment)
.....
90
338
Straumann
Holding
AG,
Registered
Shares
(Health
Care
Equipment
&
Supplies)
54
94
Swiss
Life
Holding
AG
(Insurance)
.....
66
190
Swiss
Prime
Site
AG,
Registered
Shares
(Real
Estate
Management
&
Development)
................
18
889
Swiss
Re
AG
(Insurance)
............
114
79
Swisscom
AG,
Registered
Shares
(Diversified
Telecommunication
Services)
....................
48
164
Temenos
AG,
Registered
Shares
(Software)
12
108
The
Swatch
Group
AG
(Textiles,
Apparel
&
Luxury
Goods)
...............
5
98
The
Swatch
Group
AG,
Class
-
BR
(Textiles,
Apparel
&
Luxury
Goods)
.......
23
9,797
UBS
Group
AG
(Capital
Markets)
......
301
80
VAT
Group
AG
(Machinery)
..........
41
443
Zurich
Insurance
Group
AG
(Insurance)
..
239
5,438
United
Arab
Emirates
—
0.00%
339
NMC
Health
PLC
(Health
Care
Providers
&
Services)(a)(c)
................
—
United
Kingdom
—
3.57%
2,840
3i
Group
PLC
(Capital
Markets)
.......
101
5,849
abrdn
PLC
(Capital
Markets)
.........
10
776
Admiral
Group
PLC
(Insurance)
.......
28
3,739
Amcor
PLC
(Containers
&
Packaging)
...
36
978
Amcor
PLC
(Containers
&
Packaging)
...
9
3,854
Anglo
American
PLC
(Metals
&
Mining)
.
95
1,287
Ashtead
Group
PLC
(Trading
Companies
&
Distributors)
.................
92
1,040
Associated
British
Foods
PLC
(Food
Products)
....................
33
4,604
AstraZeneca
PLC
(Pharmaceuticals)(b)
..
619
2,623
Auto
Trader
Group
PLC
(Interactive
Media
&
Services)(b)
................
23
8,845
Aviva
PLC
(Insurance)
..............
55
8,941
BAE
Systems
PLC
(Aerospace
&
Defense)
152
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
Kingdom
(continued)
46,181
Barclays
PLC
(Banks)(b)
............
$
107
2,421
Barratt
Developments
PLC
(Household
Durables)(b)
.................
15
399
Berkeley
Group
Holdings
PLC
(Household
Durables)
...................
24
50,669
BP
PLC
(Oil,
Gas
&
Consumable
Fuels)
.
316
21,107
BT
Group
PLC
(Diversified
Telecommunication
Services)
.....
29
987
Bunzl
PLC
(Trading
Companies
&
Distributors)
.................
38
1,017
Burberry
Group
PLC
(Textiles,
Apparel
&
Luxury
Goods)(b)
.............
16
17,106
Centrica
PLC
(Multi-Utilities)(b)
.......
28
2,858
CNH
Industrial
N.V.
(Machinery)(a)
....
37
623
Coca-Cola
Europacific
Partners
PLC
(Beverages)
..................
44
5,133
Compass
Group
PLC
(Hotels,
Restaurants
&
Leisure)
....................
150
433
Croda
International
PLC
(Chemicals)(b)
.
27
6,678
Diageo
PLC
(Beverages)
............
247
466
Endeavour
Mining
PLC
(Metals
&
Mining)
9
1,947
Entain
PLC
(Hotels,
Restaurants
&
Leisure)
(b)
........................
20
113
Ferguson
PLC
(Trading
Companies
&
Distributors)
.................
25
486
Ferguson
PLC
(Trading
Companies
&
Distributors)
.................
106
12,285
GSK
PLC
(Pharmaceuticals)
..........
265
17,290
Haleon
PLC
(Personal
Care
Products)
...
73
1,158
Halma
PLC
(Electronic
Equipment,
Instruments
&
Components)
......
35
823
Hargreaves
Lansdown
PLC
(Capital
Markets)
....................
8
57,453
HSBC
Holdings
PLC
(Banks)
.........
448
3,731
Informa
PLC
(Media)
...............
39
503
InterContinental
Hotels
Group
PLC
(Hotels,
Restaurants
&
Leisure)
..........
52
498
Intertek
Group
PLC
(Professional
Services)
31
5,247
J
Sainsbury
PLC
(Consumer
Staples
Distribution
&
Retail)
...........
18
6,250
JD
Sports
Fashion
PLC
(Specialty
Retail)
11
5,956
Kingfisher
PLC
(Specialty
Retail)
......
19
1,659
Land
Securities
Group
PLC
(Diversified
REITs)
.....................
14
18,863
Legal
&
General
Group
PLC
(Insurance)
.
61
718
Liberty
Global
Ltd.,
Class
-
C
(Diversified
Telecommunication
Services)(a)
...
13
180,308
Lloyds
Banking
Group
PLC
(Banks)
....
118
1,249
London
Stock
Exchange
Group
PLC
(Capital
Markets)(b)
............
150
6,041
M&G
PLC
(Financial
Services)
........
17
4,007
Melrose
Industries
PLC
(Aerospace
&
Defense)
....................
34
1,103
Mondi
PLC
(Paper
&
Forest
Products)
...
19
10,823
National
Grid
PLC
(Multi-Utilities)
.....
146
16,954
NatWest
Group
PLC
(Banks)(b)
.......
57
55
HC
CAPITAL
TRUST
The
ESG
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
Kingdom
(continued)
383
Next
PLC
(Broadline
Retail)
..........
$
45
1,748
Ocado
Group
PLC
(Consumer
Staples
Distribution
&
Retail)(a)(b)
......
10
1,722
Pearson
PLC
(Diversified
Consumer
Services)
....................
23
488
Pentair
PLC
(Machinery)
............
42
795
Persimmon
PLC
(Household
Durables)
..
13
2,089
Phoenix
Group
Holdings
PLC
(Insurance)
15
2,107
Reckitt
Benckiser
Group
PLC
(Household
Products)
....................
120
5,559
RELX
PLC
(Professional
Services)
.....
240
7,480
Rentokil
Initial
PLC
(Commercial
Services
&
Supplies)
..................
45
3,347
Rio
Tinto
PLC
(Metals
&
Mining)
......
212
25,101
Rolls-Royce
Holdings
PLC
(Aerospace
&
Defense)(a)
..................
135
1,911
Schroders
PLC
(Capital
Markets)
......
9
4,202
Segro
PLC
(Industrial
REITs)
.........
48
838
Severn
Trent
PLC
(Water
Utilities)(b)
...
26
19,423
Shell
PLC
(Oil,
Gas
&
Consumable
Fuels)
642
2,631
Smith
&
Nephew
PLC
(Health
Care
Equipment
&
Supplies)
.........
33
939
Smiths
Group
PLC
(Industrial
Conglomerates)
...............
19
227
Spirax-Sarco
Engineering
PLC
(Machinery)
29
3,275
SSE
PLC
(Electric
Utilities)
..........
68
1,736
St.
James's
Place
PLC
(Capital
Markets)
.
10
7,078
Standard
Chartered
PLC
(Banks)
.......
60
7,703
Taylor
Wimpey
PLC
(Household
Durables)
(b)
........................
13
22,102
Tesco
PLC
(Consumer
Staples
Distribution
&
Retail)
....................
83
3,118
The
Sage
Group
PLC
(Software)
.......
50
7,377
Unilever
PLC
(Personal
Care
Products)
..
369
2,236
United
Utilities
Group
PLC
(Water
Utilities)
29
69,908
Vodafone
Group
PLC
(Wireless
Telecommunication
Services)
.....
62
473
Whitbread
PLC
(Hotels,
Restaurants
&
Leisure)
....................
20
310
Willis
Towers
Watson
PLC
(Insurance)
..
85
1,866
Wise
PLC,
Class
-
A
(Financial
Services)(a)
22
3,407
WPP
PLC
(Media)
.................
32
6,728
United
States
—
68.28%
1,634
3M
Co.
(Industrial
Conglomerates)
.....
173
352
A.O.
Smith
Corp.
(Building
Products)
...
31
5,193
Abbott
Laboratories
(Health
Care
Equipment
&
Supplies)
.........
590
5,264
AbbVie,
Inc.
(Biotechnology)
.........
959
1,343
Adobe,
Inc.
(Software)(a)
............
678
4,804
Advanced
Micro
Devices,
Inc.
(Semiconductors
&
Semiconductor
Equipment)(a)
................
867
400
AECOM
(Construction
&
Engineering)
..
39
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
States
(continued)
1,696
Aflac,
Inc.
(Insurance)
..............
$
146
864
Agilent
Technologies,
Inc.
(Life
Sciences
Tools
&
Services)
..............
126
664
Air
Products
and
Chemicals,
Inc.
(Chemicals)
..................
161
1,321
Airbnb,
Inc.,
Class
-
A
(Hotels,
Restaurants
&
Leisure)(a)
.................
218
463
Akamai
Technologies,
Inc.
(IT
Services)(a)
50
346
Albemarle
Corp.
(Chemicals)
.........
46
945
Albertsons
Cos.,
Inc.,
Class
-
A
(Consumer
Staples
Distribution
&
Retail)
.....
20
505
Alexandria
Real
Estate
Equities,
Inc.
(Office
REITs)
.....................
65
214
Align
Technology,
Inc.
(Health
Care
Equipment
&
Supplies)(a)
.......
70
800
Alliant
Energy
Corp.
(Electric
Utilities)
..
40
662
Ally
Financial,
Inc.
(Consumer
Finance)
.
27
364
Alnylam
Pharmaceuticals,
Inc.
(Biotechnology)(a)
.............
54
17,531
Alphabet,
Inc.,
Class
-
A
(Interactive
Media
&
Services)(a)
................
2,646
15,267
Alphabet,
Inc.,
Class
-
C
(Interactive
Media
&
Services)(a)
................
2,325
27,540
Amazon.com,
Inc.
(Broadline
Retail)(a)
..
4,969
783
Ameren
Corp.
(Multi-Utilities)
........
58
1,510
American
Electric
Power
Co.,
Inc.
(Electric
Utilities)
....................
130
1,685
American
Express
Co.
(Consumer
Finance)
384
987
American
Homes
4
Rent,
Class
-
A
(Residential
REITs)
............
36
2,026
American
International
Group,
Inc.
(Insurance)
..................
158
1,388
American
Tower
Corp.
(Specialized
REITs)
274
581
American
Water
Works
Co.,
Inc.
(Water
Utilities)
....................
71
310
Ameriprise
Financial,
Inc.
(Capital
Markets)
136
662
AMETEK,
Inc.
(Electrical
Equipment)
...
121
1,607
Amgen,
Inc.
(Biotechnology)
.........
457
1,774
Amphenol
Corp.,
Class
-
A
(Electronic
Equipment,
Instruments
&
Components)
.................
205
1,481
Analog
Devices,
Inc.
(Semiconductors
&
Semiconductor
Equipment)
.......
293
1,546
Annaly
Capital
Management,
Inc.
(Mortgage
Real
Estate
Investment
Trusts
(REITs))
...............
30
256
ANSYS,
Inc.
(Software)(a)
...........
89
608
Aon
PLC,
Class
-
A
(Insurance)
........
203
935
APA
Corp.
(Oil,
Gas
&
Consumable
Fuels)
32
1,171
Apollo
Global
Management,
Inc.
(Financial
Services)
....................
132
43,516
Apple,
Inc.
(Technology
Hardware,
Storage
&
Peripherals)
................
7,463
2,428
Applied
Materials,
Inc.
(Semiconductors
&
Semiconductor
Equipment)
.......
501
517
AppLovin
Corp.,
Class
-
A
(Software)(a)
.
36
56
HC
CAPITAL
TRUST
The
ESG
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
States
(continued)
1,604
Archer-Daniels-Midland
Co.
(Food
Products)
....................
$
101
464
Ares
Management
Corp.,
Class
-
A
(Capital
Markets)
....................
62
797
Arista
Networks,
Inc.
(Communications
Equipment)(a)
................
231
638
Arthur
J.
Gallagher
&
Co.
(Insurance)
...
160
95
Aspen
Technology,
Inc.
(Software)(a)
...
20
147
Assurant,
Inc.
(Insurance)
............
28
21,426
AT&T,
Inc.
(Diversified
Telecommunication
Services)
....................
377
424
Atmos
Energy
Corp.
(Gas
Utilities)
.....
50
635
Autodesk,
Inc.
(Software)(a)
..........
165
1,237
Automatic
Data
Processing,
Inc.
(Professional
Services)
..........
309
50
AutoZone,
Inc.
(Specialty
Retail)(a)
.....
158
415
AvalonBay
Communities,
Inc.
(Residential
REITs)
.....................
77
2,035
Avantor,
Inc.
(Life
Sciences
Tools
&
Services)(a)
..................
52
257
Avery
Dennison
Corp.
(Containers
&
Packaging)
..................
57
204
Axon
Enterprise,
Inc.
(Aerospace
&
Defense)(a)
..................
64
2,953
Baker
Hughes
Co.
(Energy
Equipment
&
Services)
....................
99
944
Ball
Corp.
(Containers
&
Packaging)
....
64
20,960
Bank
of
America
Corp.
(Banks)
........
795
680
Bath
&
Body
Works,
Inc.
(Specialty
Retail)
34
1,504
Baxter
International,
Inc.
(Health
Care
Equipment
&
Supplies)
.........
64
871
Becton
Dickinson
&
Co.
(Health
Care
Equipment
&
Supplies)
.........
216
684
Bentley
Systems,
Inc.,
Class
-
B
(Software)
36
3,847
Berkshire
Hathaway,
Inc.,
Class
-
B
(Financial
Services)(a)
..........
1,618
598
Best
Buy
Co.,
Inc.
(Specialty
Retail)
....
49
289
BILL
Holdings,
Inc.
(Software)(a)
......
20
445
Biogen,
Inc.
(Biotechnology)(a)
.......
96
552
BioMarin
Pharmaceutical,
Inc.
(Biotechnology)(a)
.............
48
68
Bio-Rad
Laboratories,
Inc.,
Class
-
A
(Life
Sciences
Tools
&
Services)(a)
.....
24
466
Bio-Techne
Corp.
(Life
Sciences
Tools
&
Services)
....................
33
435
BlackRock,
Inc.
(Capital
Markets)
......
363
2,127
Blackstone,
Inc.
(Capital
Markets)
......
279
1,662
Block,
Inc.
(Financial
Services)(a)
......
141
102
Booking
Holdings,
Inc.
(Hotels,
Restaurants
&
Leisure)(a)
.................
370
389
Booz
Allen
Hamilton
Holding
Corp.
(Professional
Services)
..........
58
755
BorgWarner,
Inc.
(Automobile
Components)
26
473
Boston
Properties,
Inc.
(Office
REITs)
...
31
4,322
Boston
Scientific
Corp.
(Health
Care
Equipment
&
Supplies)(a)
.......
296
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
States
(continued)
6,062
Bristol-Myers
Squibb
Co.
(Pharmaceuticals)
$
329
1,315
Broadcom,
Inc.
(Semiconductors
&
Semiconductor
Equipment)
.......
1,743
346
Broadridge
Financial
Solutions,
Inc.
(Professional
Services)
..........
71
300
Brookfield
Renewable
Corp.,
Class
-
A
(Independent
Power
and
Renewable
Electricity
Producers)(b)
.........
7
703
Brown
&
Brown,
Inc.
(Insurance)
......
62
900
Brown-Forman
Corp.,
Class
-
B
(Beverages)
46
354
Builders
FirstSource,
Inc.
(Building
Products)(a)
..................
74
445
Bunge
Global
SA
(Food
Products)
......
46
197
Burlington
Stores,
Inc.
(Specialty
Retail)(a)
46
349
C.H.
Robinson
Worldwide,
Inc.
(Air
Freight
&
Logistics)
.................
27
776
Cadence
Design
Systems,
Inc.
(Software)(a)
242
668
Caesars
Entertainment,
Inc.
(Hotels,
Restaurants
&
Leisure)(a)
........
29
353
Camden
Property
Trust
(Residential
REITs)
35
579
Campbell
Soup
Co.
(Food
Products)
....
26
1,123
Capital
One
Financial
Corp.
(Consumer
Finance)
....................
167
776
Cardinal
Health,
Inc.
(Health
Care
Providers
&
Services)
..................
87
154
Carlisle
Cos.,
Inc.
(Building
Products)
...
60
472
CarMax,
Inc.
(Specialty
Retail)(a)
......
41
2,449
Carrier
Global
Corp.
(Building
Products)
.
142
555
Catalent,
Inc.
(Pharmaceuticals)(a)
.....
31
1,497
Caterpillar,
Inc.
(Machinery)
..........
549
315
Cboe
Global
Markets,
Inc.
(Capital
Markets)
58
931
CBRE
Group,
Inc.,
Class
-
A
(Real
Estate
Management
&
Development)(a)
...
91
388
CDW
Corp.
(Electronic
Equipment,
Instruments
&
Components)
......
99
280
Celanese
Corp.
(Chemicals)
..........
48
446
Celsius
Holdings,
Inc.
(Beverages)(a)
...
37
522
Cencora,
Inc.
(Health
Care
Providers
&
Services)
....................
127
1,632
Centene
Corp.
(Health
Care
Providers
&
Services)(a)
..................
128
1,903
CenterPoint
Energy,
Inc.
(Multi-Utilities)
.
54
584
CF
Industries
Holdings,
Inc.
(Chemicals)
.
49
156
Charles
River
Laboratories
International,
Inc.
(Life
Sciences
Tools
&
Services)
(a)
........................
42
288
Charter
Communications,
Inc.,
Class
-
A
(Media)(a)
...................
84
708
Cheniere
Energy,
Inc.
(Oil,
Gas
&
Consumable
Fuels)
.............
114
341
Chesapeake
Energy
Corp.
(Oil,
Gas
&
Consumable
Fuels)
.............
30
5,259
Chevron
Corp.
(Oil,
Gas
&
Consumable
Fuels)
......................
830
83
Chipotle
Mexican
Grill,
Inc.
(Hotels,
Restaurants
&
Leisure)(a)
........
241
57
HC
CAPITAL
TRUST
The
ESG
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
States
(continued)
689
Church
&
Dwight
Co.,
Inc.
(Household
Products)
....................
$
72
464
Cincinnati
Financial
Corp.
(Insurance)
...
58
277
Cintas
Corp.
(Commercial
Services
&
Supplies)
....................
190
12,086
Cisco
Systems,
Inc.
(Communications
Equipment)
..................
603
5,529
Citigroup,
Inc.
(Banks)
..............
350
1,484
Citizens
Financial
Group,
Inc.
(Banks)
...
54
1,462
Cleveland-Cliffs,
Inc.
(Metals
&
Mining)(a)
33
859
Cloudflare,
Inc.,
Class
-
A
(IT
Services)(a)
83
1,082
CME
Group,
Inc.
(Capital
Markets)
.....
233
886
CMS
Energy
Corp.
(Multi-Utilities)
.....
53
1,492
Cognizant
Technology
Solutions
Corp.,
Class
-
A
(IT
Services)
..........
109
539
Coinbase
Global,
Inc.,
Class
-
A
(Capital
Markets)(a)
..................
143
2,327
Colgate-Palmolive
Co.
(Household
Products)
....................
210
11,750
Comcast
Corp.,
Class
-
A
(Media)
......
509
1,427
Conagra
Brands,
Inc.
(Food
Products)
...
42
546
Confluent,
Inc.,
Class
-
A
(Software)(a)
..
17
3,477
ConocoPhillips
(Oil,
Gas
&
Consumable
Fuels)
......................
443
1,043
Consolidated
Edison,
Inc.
(Multi-Utilities)
95
483
Constellation
Brands,
Inc.,
Class
-
A
(Beverages)
..................
131
965
Constellation
Energy
Corp.
(Electric
Utilities)
....................
178
2,502
Copart,
Inc.
(Commercial
Services
&
Supplies)(a)
..................
145
2,365
Corning,
Inc.
(Electronic
Equipment,
Instruments
&
Components)
......
78
208
Corpay,
Inc.
(Software)(a)
............
64
2,104
Corteva,
Inc.
(Chemicals)
............
121
1,194
CoStar
Group,
Inc.
(Real
Estate
Management
&
Development)(a)
...
115
1,318
Costco
Wholesale
Corp.
(Consumer
Staples
Distribution
&
Retail)
...........
966
2,250
Coterra
Energy,
Inc.
(Oil,
Gas
&
Consumable
Fuels)
.............
63
675
Crowdstrike
Holdings,
Inc.,
Class
-
A
(Software)(a)
.................
216
1,282
Crown
Castle,
Inc.
(Specialized
REITs)
..
136
370
Crown
Holdings,
Inc.
(Containers
&
Packaging)
..................
29
5,613
CSX
Corp.
(Ground
Transportation)
....
208
411
Cummins,
Inc.
(Machinery)
..........
121
3,897
CVS
Health
Corp.
(Health
Care
Providers
&
Services)
....................
311
907
D.R.
Horton,
Inc.
(Household
Durables)
..
149
2,056
Danaher
Corp.
(Life
Sciences
Tools
&
Services)
....................
513
363
Darden
Restaurants,
Inc.
(Hotels,
Restaurants
&
Leisure)
..........
61
481
Darling
Ingredients,
Inc.
(Food
Products)(a)
22
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
States
(continued)
847
Datadog,
Inc.,
Class
-
A
(Software)(a)
...
$
105
187
DaVita,
Inc.
(Health
Care
Providers
&
Services)(a)
..................
26
449
Dayforce,
Inc.
(Professional
Services)(a)
.
30
79
Deckers
Outdoor
Corp.
(Textiles,
Apparel
&
Luxury
Goods)(a)
.............
74
791
Deere
&
Co.
(Machinery)
............
325
755
Dell
Technologies,
Inc.,
Class
-
C
(Technology
Hardware,
Storage
&
Peripherals)
..................
86
418
Delta
Air
Lines,
Inc.
(Passenger
Airlines)
.
20
1,934
Devon
Energy
Corp.
(Oil,
Gas
&
Consumable
Fuels)
.............
97
1,169
Dexcom,
Inc.
(Health
Care
Equipment
&
Supplies)(a)
..................
162
508
Diamondback
Energy,
Inc.
(Oil,
Gas
&
Consumable
Fuels)
.............
101
185
Dick's
Sporting
Goods,
Inc.
(Specialty
Retail)
......................
42
917
Digital
Realty
Trust,
Inc.
(Specialized
REITs)
.....................
132
754
Discover
Financial
Services
(Consumer
Finance)
....................
99
612
DocuSign,
Inc.
(Software)(a)
..........
36
643
Dollar
General
Corp.
(Consumer
Staples
Distribution
&
Retail)
...........
100
623
Dollar
Tree,
Inc.
(Consumer
Staples
Distribution
&
Retail)(a)
.........
83
2,472
Dominion
Energy,
Inc.
(Multi-Utilities)
..
122
104
Domino's
Pizza,
Inc.
(Hotels,
Restaurants
&
Leisure)
....................
52
759
DoorDash,
Inc.,
Class
-
A
(Hotels,
Restaurants
&
Leisure)(a)
........
105
411
Dover
Corp.
(Machinery)
............
73
2,107
Dow,
Inc.
(Chemicals)
..............
122
1,255
DraftKings,
Inc.
(Hotels,
Restaurants
&
Leisure)(a)
..................
57
766
Dropbox,
Inc.,
Class
-
A
(Software)(a)
...
19
617
DTE
Energy
Co.
(Multi-Utilities)
......
69
2,254
Duke
Energy
Corp.
(Electric
Utilities)
...
218
1,224
DuPont
de
Nemours,
Inc.
(Chemicals)
...
94
772
Dynatrace,
Inc.
(Software)(a)
.........
36
394
Eastman
Chemical
Co.
(Chemicals)
.....
39
1,194
Eaton
Corp.
PLC
(Electrical
Equipment)
.
373
1,596
eBay,
Inc.
(Broadline
Retail)
..........
84
751
Ecolab,
Inc.
(Chemicals)
.............
173
1,122
Edison
International
(Electric
Utilities)
..
79
1,771
Edwards
Lifesciences
Corp.
(Health
Care
Equipment
&
Supplies)(a)
.......
169
779
Electronic
Arts,
Inc.
(Entertainment)
....
103
703
Elevance
Health,
Inc.
(Health
Care
Providers
&
Services)
...........
365
2,387
Eli
Lilly
&
Co.
(Pharmaceuticals)
......
1,857
1,714
Emerson
Electric
Co.
(Electrical
Equipment)
194
403
Enphase
Energy,
Inc.
(Semiconductors
&
Semiconductor
Equipment)(a)
.....
49
58
HC
CAPITAL
TRUST
The
ESG
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
States
(continued)
440
Entegris,
Inc.
(Semiconductors
&
Semiconductor
Equipment)
.......
$
62
638
Entergy
Corp.
(Electric
Utilities)
.......
67
1,715
EOG
Resources,
Inc.
(Oil,
Gas
&
Consumable
Fuels)
.............
219
171
EPAM
Systems,
Inc.
(IT
Services)(a)
....
47
1,165
EQT
Corp.
(Oil,
Gas
&
Consumable
Fuels)
43
359
Equifax,
Inc.
(Professional
Services)
....
96
280
Equinix,
Inc.
(Specialized
REITs)
......
231
940
Equitable
Holdings,
Inc.
(Financial
Services)
....................
36
554
Equity
LifeStyle
Properties,
Inc.
(Residential
REITs)
............
36
1,075
Equity
Residential
(Residential
REITs)
..
68
812
Essential
Utilities,
Inc.
(Water
Utilities)
..
30
175
Essex
Property
Trust,
Inc.
(Residential
REITs)
.....................
43
385
Etsy,
Inc.
(Broadline
Retail)(a)
........
26
721
Evergy,
Inc.
(Electric
Utilities)
........
38
1,042
Eversource
Energy
(Electric
Utilities)
...
62
524
Exact
Sciences
Corp.
(Biotechnology)(a)
.
36
2,947
Exelon
Corp.
(Electric
Utilities)
.......
111
454
Expeditors
International
of
Washington,
Inc.
(Air
Freight
&
Logistics)
........
55
624
Extra
Space
Storage,
Inc.
(Specialized
REITs)
.....................
92
11,799
Exxon
Mobil
Corp.
(Oil,
Gas
&
Consumable
Fuels)
......................
1,372
153
F5,
Inc.
(Communications
Equipment)(a)
.
29
111
FactSet
Research
Systems,
Inc.
(Capital
Markets)
....................
50
74
Fair
Isaac
Corp.
(Software)(a)
.........
92
1,641
Fastenal
Co.
(Trading
Companies
&
Distributors)
.................
127
715
FedEx
Corp.
(Air
Freight
&
Logistics)
...
207
676
Fidelity
National
Financial,
Inc.
(Insurance)
36
1,759
Fidelity
National
Information
Services,
Inc.
(Financial
Services)
............
130
2,086
Fifth
Third
Bancorp
(Banks)
..........
78
32
First
Citizens
BancShares,
Inc.,
Class
-
A
(Banks)
.....................
52
297
First
Solar,
Inc.
(Semiconductors
&
Semiconductor
Equipment)(a)
.....
50
1,607
FirstEnergy
Corp.
(Electric
Utilities)
....
62
1,730
Fiserv,
Inc.
(Financial
Services)(a)
......
276
331
FMC
Corp.
(Chemicals)
.............
21
11,919
Ford
Motor
Co.
(Automobiles)
........
158
1,951
Fortinet,
Inc.
(Software)(a)
...........
133
1,031
Fortive
Corp.
(Machinery)
...........
89
336
Fortune
Brands
Innovations,
Inc.
(Building
Products)
....................
28
1,024
Fox
Corp.,
Class
-
A
(Media)
..........
32
244
Fox
Corp.,
Class
-
B
(Media)
.........
7
748
Franklin
Resources,
Inc.
(Capital
Markets)
21
4,226
Freeport-McMoRan,
Inc.
(Metals
&
Mining)
199
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
States
(continued)
233
Gartner,
Inc.
(IT
Services)(a)
..........
$
111
1,196
GE
HealthCare
Technologies,
Inc.
(Health
Care
Equipment
&
Supplies)
......
109
1,748
Gen
Digital,
Inc.
(Software)
..........
39
685
General
Dynamics
Corp.
(Aerospace
&
Defense)
....................
194
3,242
General
Electric
Co.
(Industrial
Conglomerates)
...............
569
1,713
General
Mills,
Inc.
(Food
Products)
.....
120
4,105
General
Motors
Co.
(Automobiles)
.....
186
414
Genuine
Parts
Co.
(Distributors)
.......
64
3,744
Gilead
Sciences,
Inc.
(Biotechnology)
...
274
778
Global
Payments,
Inc.
(Financial
Services)
104
310
Globe
Life,
Inc.
(Insurance)
..........
36
391
GoDaddy,
Inc.,
Class
-
A
(IT
Services)(a)
.
46
486
Graco,
Inc.
(Machinery)
.............
45
2,649
Halliburton
Co.
(Energy
Equipment
&
Services)
....................
104
403
Hasbro,
Inc.
(Leisure
Products)
........
23
606
HCA
Healthcare,
Inc.
(Health
Care
Providers
&
Services)
...........
202
1,755
Healthpeak
Properties,
Inc.
(Health
Care
REITs)
.....................
33
133
HEICO
Corp.
(Aerospace
&
Defense)
...
25
225
HEICO
Corp.,
Class
-
A
(Aerospace
&
Defense)
....................
35
391
Henry
Schein,
Inc.
(Health
Care
Providers
&
Services)(a)
..................
30
809
Hess
Corp.
(Oil,
Gas
&
Consumable
Fuels)
123
3,805
Hewlett
Packard
Enterprise
Co.
(Technology
Hardware,
Storage
&
Peripherals)
..
67
472
HF
Sinclair
Corp.
(Oil,
Gas
&
Consumable
Fuels)
......................
28
732
Hilton
Worldwide
Holdings,
Inc.
(Hotels,
Restaurants
&
Leisure)
..........
156
727
Hologic,
Inc.
(Health
Care
Equipment
&
Supplies)(a)
..................
57
1,970
Honeywell
International,
Inc.
(Industrial
Conglomerates)
...............
404
911
Hormel
Foods
Corp.
(Food
Products)
....
32
2,156
Host
Hotels
&
Resorts,
Inc.
(Hotel
&
Resort
REITs)
.....................
45
1,180
Howmet
Aerospace,
Inc.
(Aerospace
&
Defense)
....................
81
2,600
HP,
Inc.
(Technology
Hardware,
Storage
&
Peripherals)
..................
79
155
Hubbell,
Inc.
(Electrical
Equipment)
....
64
139
HubSpot,
Inc.
(Software)(a)
..........
87
370
Humana,
Inc.
(Health
Care
Providers
&
Services)
....................
128
4,354
Huntington
Bancshares,
Inc.
(Banks)
....
61
122
Huntington
Ingalls
Industries,
Inc.
(Aerospace
&
Defense)
.........
36
114
Hyatt
Hotels
Corp.,
Class
-
A
(Hotels,
Restaurants
&
Leisure)
..........
18
222
IDEX
Corp.
(Machinery)
............
54
59
HC
CAPITAL
TRUST
The
ESG
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
States
(continued)
245
IDEXX
Laboratories,
Inc.
(Health
Care
Equipment
&
Supplies)(a)
.......
$
132
813
Illinois
Tool
Works,
Inc.
(Machinery)
....
218
465
Illumina,
Inc.
(Life
Sciences
Tools
&
Services)(a)
..................
64
560
Incyte
Corp.
(Biotechnology)(a)
.......
32
1,189
Ingersoll
Rand,
Inc.
(Machinery)
.......
113
205
Insulet
Corp.
(Health
Care
Equipment
&
Supplies)(a)
..................
35
12,476
Intel
Corp.
(Semiconductors
&
Semiconductor
Equipment)
.......
551
1,703
Intercontinental
Exchange,
Inc.
(Capital
Markets)
....................
234
2,715
International
Business
Machines
Corp.
(IT
Services)
....................
518
759
International
Flavors
&
Fragrances,
Inc.
(Chemicals)
..................
65
1,039
International
Paper
Co.
(Containers
&
Packaging)
..................
41
817
Intuit,
Inc.
(Software)
...............
531
1,049
Intuitive
Surgical,
Inc.
(Health
Care
Equipment
&
Supplies)(a)
.......
419
1,844
Invitation
Homes,
Inc.
(Residential
REITs)
66
545
IQVIA
Holdings,
Inc.
(Life
Sciences
Tools
&
Services)(a)
................
138
858
Iron
Mountain,
Inc.
(Specialized
REITs)
.
69
393
Jabil,
Inc.
(Electronic
Equipment,
Instruments
&
Components)
......
53
221
Jack
Henry
&
Associates,
Inc.
(Financial
Services)
....................
38
374
Jacobs
Solutions,
Inc.
(Professional
Services)
....................
57
152
Jazz
Pharmaceuticals
PLC
(Pharmaceuticals)(a)
...........
18
43
Jazz
Pharmaceuticals
PLC
(Pharmaceuticals)(a)
...........
5
246
JB
Hunt
Transport
Services,
Inc.
(Ground
Transportation)
...............
49
7,006
Johnson
&
Johnson
(Pharmaceuticals)
...
1,108
8,553
JPMorgan
Chase
&
Co.
(Banks)
.......
1,713
967
Juniper
Networks,
Inc.
(Communications
Equipment)
..................
36
802
Kellanova
(Food
Products)
...........
46
5,096
Kenvue,
Inc.
(Personal
Care
Products)
...
109
3,098
Keurig
Dr.
Pepper,
Inc.
(Beverages)
.....
95
2,950
KeyCorp
(Banks)
..................
47
537
Keysight
Technologies,
Inc.
(Electronic
Equipment,
Instruments
&
Components)(a)
...............
84
1,019
Kimberly-Clark
Corp.
(Household
Products)
132
2,069
Kimco
Realty
Corp.
(Retail
REITs)
.....
41
5,984
Kinder
Morgan,
Inc.
(Oil,
Gas
&
Consumable
Fuels)
.............
110
1,700
KKR
&
Co.,
Inc.
(Capital
Markets)
.....
171
409
KLA
Corp.
(Semiconductors
&
Semiconductor
Equipment)
.......
286
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
States
(continued)
490
Knight-Swift
Transportation
Holdings,
Inc.
(Ground
Transportation)
.........
$
27
561
L3Harris
Technologies,
Inc.
(Aerospace
&
Defense)
....................
120
264
Laboratory
Corp.
of
America
Holdings
(Health
Care
Providers
&
Services)
.
58
394
Lam
Research
Corp.
(Semiconductors
&
Semiconductor
Equipment)
.......
383
429
Lamb
Weston
Holdings,
Inc.
(Food
Products)
....................
46
1,115
Las
Vegas
Sands
Corp.
(Hotels,
Restaurants
&
Leisure)
...................
58
403
Lattice
Semiconductor
Corp.
(Semiconductors
&
Semiconductor
Equipment)(a)
................
32
199
Lear
Corp.
(Automobile
Components)
...
29
388
Leidos
Holdings,
Inc.
(Professional
Services)
....................
51
746
Lennar
Corp.,
Class
-
A
(Household
Durables)
...................
128
100
Lennox
International,
Inc.
(Building
Products)
....................
49
1,416
Linde
PLC
(Chemicals)
.............
657
487
Live
Nation
Entertainment,
Inc.
(Entertainment)(a)
.............
52
802
LKQ
Corp.
(Distributors)
............
43
667
Lockheed
Martin
Corp.
(Aerospace
&
Defense)
....................
303
591
Loews
Corp.
(Insurance)
.............
46
1,718
Lowe's
Cos.,
Inc.
(Specialty
Retail)
.....
438
233
LPL
Financial
Holdings,
Inc.
(Capital
Markets)
....................
62
779
LyondellBasell
Industries
N.V.,
Class
-
A
(Chemicals)
..................
80
503
M&T
Bank
Corp.
(Banks)
............
73
188
Manhattan
Associates,
Inc.
(Software)(a)
.
47
1,882
Marathon
Oil
Corp.
(Oil,
Gas
&
Consumable
Fuels)
.............
53
1,138
Marathon
Petroleum
Corp.
(Oil,
Gas
&
Consumable
Fuels)
.............
229
116
MarketAxess
Holdings,
Inc.
(Capital
Markets)
....................
25
750
Marriott
International,
Inc.,
Class
-
A
(Hotels,
Restaurants
&
Leisure)
....
189
1,474
Marsh
&
McLennan
Cos.,
Inc.
(Insurance)
304
180
Martin
Marietta
Materials,
Inc.
(Construction
Materials)
.........
111
2,508
Marvell
Technology,
Inc.
(Semiconductors
&
Semiconductor
Equipment)
.....
178
698
Masco
Corp.
(Building
Products)
.......
55
2,479
Mastercard,
Inc.,
Class
-
A
(Financial
Services)
....................
1,194
844
Match
Group,
Inc.
(Interactive
Media
&
Services)(a)
..................
31
741
McCormick
&
Co.,
Inc.
(Food
Products)
.
57
2,184
McDonald's
Corp.
(Hotels,
Restaurants
&
Leisure)
....................
616
60
HC
CAPITAL
TRUST
The
ESG
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
States
(continued)
395
McKesson
Corp.
(Health
Care
Providers
&
Services)
....................
$
212
7,546
Merck
&
Co.,
Inc.
(Pharmaceuticals)
....
996
1,775
MetLife,
Inc.
(Insurance)
............
132
64
Mettler-Toledo
International,
Inc.
(Life
Sciences
Tools
&
Services)(a)
.....
85
721
MGM
Resorts
International
(Hotels,
Restaurants
&
Leisure)(a)
........
34
1,594
Microchip
Technology,
Inc.
(Semiconductors
&
Semiconductor
Equipment)
..................
143
3,294
Micron
Technology,
Inc.
(Semiconductors
&
Semiconductor
Equipment)
.......
388
20,916
Microsoft
Corp.
(Software)
...........
8,801
373
Mid-America
Apartment
Communities,
Inc.
(Residential
REITs)
............
49
960
Moderna,
Inc.
(Biotechnology)(a)
......
102
171
Molina
Healthcare,
Inc.
(Health
Care
Providers
&
Services)(a)
.........
70
568
Molson
Coors
Beverage
Co.,
Class
-
B
(Beverages)
..................
38
4,038
Mondelez
International,
Inc.,
Class
-
A
(Food
Products)
...............
283
216
MongoDB,
Inc.
(IT
Services)(a)
.......
77
147
Monolithic
Power
Systems,
Inc.
(Semiconductors
&
Semiconductor
Equipment)
..................
100
2,355
Monster
Beverage
Corp.
(Beverages)(a)
..
140
490
Moody's
Corp.
(Capital
Markets)
.......
193
3,621
Morgan
Stanley
(Capital
Markets)
......
341
504
Motorola
Solutions,
Inc.
(Communications
Equipment)
..................
179
1,014
Nasdaq,
Inc.
(Capital
Markets)
........
64
631
NetApp,
Inc.
(Technology
Hardware,
Storage
&
Peripherals)
..........
66
1,303
Netflix,
Inc.
(Entertainment)(a)
........
791
289
Neurocrine
Biosciences,
Inc.
(Biotechnology)(a)
.............
40
3,429
Newmont
Corp.
(Metals
&
Mining)
.....
123
1,230
News
Corp.,
Class
-
A
(Media)
........
32
6,103
NextEra
Energy,
Inc.
(Electric
Utilities)
..
390
3,597
NIKE,
Inc.,
Class
-
B
(Textiles,
Apparel
&
Luxury
Goods)
...............
338
1,317
NiSource,
Inc.
(Multi-Utilities)
........
36
154
Nordson
Corp.
(Machinery)
..........
42
669
Norfolk
Southern
Corp.
(Ground
Transportation)
...............
171
640
Northern
Trust
Corp.
(Capital
Markets)
..
57
431
Northrop
Grumman
Corp.
(Aerospace
&
Defense)
....................
206
742
NRG
Energy,
Inc.
(Electric
Utilities)
....
50
739
Nucor
Corp.
(Metals
&
Mining)
.......
146
7,322
NVIDIA
Corp.
(Semiconductors
&
Semiconductor
Equipment)
.......
6,617
10
NVR,
Inc.
(Household
Durables)(a)
.....
81
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
States
(continued)
1,974
Occidental
Petroleum
Corp.
(Oil,
Gas
&
Consumable
Fuels)
.............
$
128
457
Okta,
Inc.
(IT
Services)(a)
............
48
576
Old
Dominion
Freight
Line,
Inc.
(Ground
Transportation)
...............
126
598
Omnicom
Group,
Inc.
(Media)
........
58
1,275
ON
Semiconductor
Corp.
(Semiconductors
&
Semiconductor
Equipment)(a)
...
94
1,731
ONEOK,
Inc.
(Oil,
Gas
&
Consumable
Fuels)
......................
139
4,889
Oracle
Corp.
(Software)
.............
614
180
O'Reilly
Automotive,
Inc.
(Specialty
Retail)
(a)
........................
203
1,202
Otis
Worldwide
Corp.
(Machinery)
.....
119
730
Ovintiv,
Inc.
(Oil,
Gas
&
Consumable
Fuels)
38
250
Owens
Corning
(Building
Products)
....
42
1,549
PACCAR,
Inc.
(Machinery)
..........
192
243
Packaging
Corp.
of
America
(Containers
&
Packaging)
..................
46
958
Palo
Alto
Networks,
Inc.
(Software)(a)
...
272
1,520
Paramount
Global,
Class
-
B
(Media)
....
18
374
Parker-Hannifin
Corp.
(Machinery)
.....
208
954
Paychex,
Inc.
(Professional
Services)
....
117
162
Paycom
Software,
Inc.
(Professional
Services)
....................
32
128
Paylocity
Holding
Corp.
(Professional
Services)(a)
..................
22
2,952
PayPal
Holdings,
Inc.
(Financial
Services)
(a)
........................
198
4,109
PepsiCo,
Inc.
(Beverages)
............
719
16,746
Pfizer,
Inc.
(Pharmaceuticals)
.........
465
6,020
PG&E
Corp.
(Electric
Utilities)
........
101
1,281
Phillips
66
(Oil,
Gas
&
Consumable
Fuels)
209
701
Pioneer
Natural
Resources
Co.
(Oil,
Gas
&
Consumable
Fuels)
.............
184
117
Pool
Corp.
(Distributors)
............
47
693
PPG
Industries,
Inc.
(Chemicals)
.......
100
2,211
PPL
Corp.
(Electric
Utilities)
..........
61
723
Principal
Financial
Group,
Inc.
(Insurance)
62
2,757
Prologis,
Inc.
(Industrial
REITs)
.......
359
1,093
Prudential
Financial,
Inc.
(Insurance)
....
128
337
PTC,
Inc.
(Software)(a)
.............
64
1,468
Public
Service
Enterprise
Group,
Inc.
(Multi-Utilities)
...............
98
470
Public
Storage
(Specialized
REITs)
.....
136
667
PulteGroup,
Inc.
(Household
Durables)
..
80
304
Qorvo,
Inc.
(Semiconductors
&
Semiconductor
Equipment)(a)
.....
35
3,328
QUALCOMM,
Inc.
(Semiconductors
&
Semiconductor
Equipment)
.......
563
420
Quanta
Services,
Inc.
(Construction
&
Engineering)
.................
109
329
Quest
Diagnostics,
Inc.
(Health
Care
Providers
&
Services)
...........
44
61
HC
CAPITAL
TRUST
The
ESG
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
States
(continued)
609
Raymond
James
Financial,
Inc.
(Capital
Markets)
....................
$
78
547
RB
Global,
Inc.
(Commercial
Services
&
Supplies)
....................
42
2,435
Realty
Income
Corp.
(Retail
REITs)
.....
132
563
Regency
Centers
Corp.
(Retail
REITs)
...
34
319
Regeneron
Pharmaceuticals,
Inc.
(Biotechnology)(a)
.............
307
2,806
Regions
Financial
Corp.
(Banks)
.......
59
175
Reliance,
Inc.
(Metals
&
Mining)
......
58
158
Repligen
Corp.
(Life
Sciences
Tools
&
Services)(a)
..................
29
671
Republic
Services,
Inc.
(Commercial
Services
&
Supplies)
...........
128
430
ResMed,
Inc.
(Health
Care
Equipment
&
Supplies)
....................
85
374
Revvity,
Inc.
(Life
Sciences
Tools
&
Services)
....................
39
1,908
Rivian
Automotive,
Inc.,
Class
-
A
(Automobiles)(a)
..............
21
298
Robert
Half,
Inc.
(Professional
Services)
.
24
1,364
Robinhood
Markets,
Inc.,
Class
-
A
(Capital
Markets)(a)
..................
27
334
Rockwell
Automation,
Inc.
(Electrical
Equipment)
..................
97
369
Roku,
Inc.
(Entertainment)(a)
.........
24
918
Rollins,
Inc.
(Commercial
Services
&
Supplies)
....................
42
326
Roper
Technologies,
Inc.
(Software)
....
183
1,011
Ross
Stores,
Inc.
(Specialty
Retail)
.....
148
721
Royal
Caribbean
Cruises
Ltd.
(Hotels,
Restaurants
&
Leisure)(a)
........
100
1,170
Royalty
Pharma
PLC,
Class
-
A
(Pharmaceuticals)
.............
36
384
RPM
International,
Inc.
(Chemicals)
....
46
4,272
RTX
Corp.
(Aerospace
&
Defense)
.....
417
966
S&P
Global,
Inc.
(Capital
Markets)
.....
411
2,869
Salesforce,
Inc.
(Software)(a)
.........
864
580
Samsara,
Inc.,
Class
-
A
(Software)(a)
...
22
322
SBA
Communications
Corp.
(Specialized
REITs)
.....................
70
4,280
Schlumberger
N.V.
(Energy
Equipment
&
Services)
....................
235
620
Seagate
Technology
Holdings
PLC
(Technology
Hardware,
Storage
&
Peripherals)
..................
58
1,649
Sempra
(Multi-Utilities)
.............
118
608
ServiceNow,
Inc.
(Software)(a)
........
464
978
Simon
Property
Group,
Inc.
(Retail
REITs)
153
2,495
Sirius
XM
Holdings,
Inc.
(Media)
......
10
468
Skyworks
Solutions,
Inc.
(Semiconductors
&
Semiconductor
Equipment)
.....
51
2,938
Snap,
Inc.,
Class
-
A
(Interactive
Media
&
Services)(a)
..................
34
153
Snap-on,
Inc.
(Machinery)
...........
45
834
Snowflake,
Inc.,
Class
-
A
(IT
Services)(a)
135
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
States
(continued)
410
Southwest
Airlines
Co.
(Passenger
Airlines)
$
12
459
Stanley
Black
&
Decker,
Inc.
(Machinery)
45
3,402
Starbucks
Corp.
(Hotels,
Restaurants
&
Leisure)
....................
311
867
State
Street
Corp.
(Capital
Markets)
.....
67
482
Steel
Dynamics,
Inc.
(Metals
&
Mining)
.
71
293
STERIS
PLC
(Health
Care
Equipment
&
Supplies)
....................
66
1,016
Stryker
Corp.
(Health
Care
Equipment
&
Supplies)
....................
364
387
Sun
Communities,
Inc.
(Residential
REITs)
50
1,291
Synchrony
Financial
(Consumer
Finance)
56
454
Synopsys,
Inc.
(Software)(a)
..........
259
1,505
Sysco
Corp.
(Consumer
Staples
Distribution
&
Retail)
....................
122
671
T.
Rowe
Price
Group,
Inc.
(Capital
Markets)
82
499
Take-Two
Interactive
Software,
Inc.
(Entertainment)(a)
.............
74
647
Targa
Resources
Corp.
(Oil,
Gas
&
Consumable
Fuels)
.............
72
1,404
Target
Corp.
(Consumer
Staples
Distribution
&
Retail)
....................
249
919
TE
Connectivity
Ltd.
(Electronic
Equipment,
Instruments
&
Components)
.................
133
142
Teledyne
Technologies,
Inc.
(Electronic
Equipment,
Instruments
&
Components)(a)
...............
61
143
Teleflex,
Inc.
(Health
Care
Equipment
&
Supplies)
....................
32
456
Teradyne,
Inc.
(Semiconductors
&
Semiconductor
Equipment)
.......
51
8,466
Tesla,
Inc.
(Automobiles)(a)
..........
1,488
2,701
Texas
Instruments,
Inc.
(Semiconductors
&
Semiconductor
Equipment)
.......
471
54
Texas
Pacific
Land
Corp.
(Oil,
Gas
&
Consumable
Fuels)
.............
31
619
Textron,
Inc.
(Aerospace
&
Defense)
....
59
2,030
The
AES
Corp.
(Independent
Power
and
Renewable
Electricity
Producers)
..
36
779
The
Allstate
Corp.
(Insurance)
.........
135
2,222
The
Bank
of
New
York
Mellon
Corp.
(Capital
Markets)
..............
128
1,699
The
Boeing
Co.
(Aerospace
&
Defense)(a)
328
677
The
Carlyle
Group,
Inc.
(Capital
Markets)
32
4,507
The
Charles
Schwab
Corp.
(Capital
Markets)
....................
326
856
The
Cigna
Group
(Health
Care
Providers
&
Services)
....................
311
362
The
Clorox
Co.
(Household
Products)
...
55
12,223
The
Coca-Cola
Co.
(Beverages)
.......
748
584
The
Cooper
Cos.,
Inc.
(Health
Care
Equipment
&
Supplies)
.........
59
682
The
Estee
Lauder
Cos.,
Inc.
(Personal
Care
Products)
....................
105
62
HC
CAPITAL
TRUST
The
ESG
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
States
(continued)
976
The
Goldman
Sachs
Group,
Inc.
(Capital
Markets)
....................
$
408
929
The
Hartford
Financial
Services
Group,
Inc.
(Insurance)
..................
96
450
The
Hershey
Co.
(Food
Products)
......
88
2,940
The
Home
Depot,
Inc.
(Specialty
Retail)
.
1,128
1,159
The
Interpublic
Group
of
Cos.,
Inc.
(Media)
38
313
The
J.M.
Smucker
Co.
(Food
Products)
..
39
2,602
The
Kraft
Heinz
Co.
(Food
Products)
....
96
2,080
The
Kroger
Co.
(Consumer
Staples
Distribution
&
Retail)
...........
119
996
The
Mosaic
Co.
(Chemicals)
..........
32
1,151
The
PNC
Financial
Services
Group,
Inc.
(Banks)
.....................
186
7,020
The
Procter
&
Gamble
Co.
(Household
Products)
....................
1,139
1,765
The
Progressive
Corp.
(Insurance)
......
365
705
The
Sherwin-Williams
Co.
(Chemicals)
..
245
3,240
The
Southern
Co.
(Electric
Utilities)
....
232
3,381
The
TJX
Cos.,
Inc.
(Specialty
Retail)
....
343
309
The
Toro
Co.
(Machinery)
............
28
669
The
Travelers
Cos.,
Inc.
(Insurance)
.....
154
5,435
The
Walt
Disney
Co.
(Entertainment)
....
665
3,573
The
Williams
Cos.,
Inc.
(Oil,
Gas
&
Consumable
Fuels)
.............
139
1,143
Thermo
Fisher
Scientific,
Inc.
(Life
Sciences
Tools
&
Services)
..............
664
1,465
T-Mobile
US,
Inc.
(Wireless
Telecommunication
Services)
.....
239
927
Toast,
Inc.,
Class
-
A
(Financial
Services)(a)
23
326
Tractor
Supply
Co.
(Specialty
Retail)
....
85
328
Tradeweb
Markets,
Inc.,
Class
-
A
(Capital
Markets)
....................
34
164
TransDigm
Group,
Inc.
(Aerospace
&
Defense)
....................
202
576
TransUnion
(Professional
Services)
.....
46
756
Trimble,
Inc.
(Electronic
Equipment,
Instruments
&
Components)(a)
....
49
3,828
Truist
Financial
Corp.
(Banks)
.........
149
466
Twilio,
Inc.,
Class
-
A
(IT
Services)(a)
...
28
126
Tyler
Technologies,
Inc.
(Software)(a)
...
54
861
Tyson
Foods,
Inc.,
Class
-
A
(Food
Products)
51
4,519
U.S.
Bancorp
(Banks)
...............
202
5,555
Uber
Technologies,
Inc.
(Ground
Transportation)(a)
.............
428
1,007
UDR,
Inc.
(Residential
REITs)
........
38
303
U-Haul
Holding
Co.
(Ground
Transportation)
...............
20
1,134
UiPath,
Inc.,
Class
-
A
(Software)(a)
....
26
148
Ulta
Beauty,
Inc.
(Specialty
Retail)(a)
...
77
1,816
Union
Pacific
Corp.
(Ground
Transportation)
...............
447
2,155
United
Parcel
Service,
Inc.,
Class
-
B
(Air
Freight
&
Logistics)
............
320
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
States
(continued)
203
United
Rentals,
Inc.
(Trading
Companies
&
Distributors)
.................
$
146
135
United
Therapeutics
Corp.
(Biotechnology)
(a)
........................
31
2,754
UnitedHealth
Group,
Inc.
(Health
Care
Providers
&
Services)
...........
1,362
700
Unity
Software,
Inc.
(Software)(a)
......
19
100
Vail
Resorts,
Inc.
(Hotels,
Restaurants
&
Leisure)
....................
22
1,021
Valero
Energy
Corp.
(Oil,
Gas
&
Consumable
Fuels)
.............
174
451
Veeva
Systems,
Inc.,
Class
-
A
(Health
Care
Technology)(a)
...............
104
1,208
Ventas,
Inc.
(Health
Care
REITs)
.......
53
711
Veralto
Corp.
(Commercial
Services
&
Supplies)
....................
63
281
VeriSign,
Inc.
(IT
Services)(a)
.........
53
439
Verisk
Analytics,
Inc.
(Professional
Services)
....................
103
12,503
Verizon
Communications,
Inc.
(Diversified
Telecommunication
Services)
.....
525
760
Vertex
Pharmaceuticals,
Inc.
(Biotechnology)(a)
.............
318
1,136
Vertiv
Holdings
Co.,
Class
-
A
(Electrical
Equipment)
..................
93
3,592
Viatris,
Inc.
(Pharmaceuticals)
.........
43
2,995
VICI
Properties,
Inc.
(Specialized
REITs)
89
4,704
Visa,
Inc.,
Class
-
A
(Financial
Services)
.
1,313
1,037
Vistra
Corp.
(Independent
Power
and
Renewable
Electricity
Producers)
..
72
385
Vulcan
Materials
Co.
(Construction
Materials)
...................
105
639
W.R.
Berkley
Corp.
(Insurance)
........
57
136
W.W.
Grainger,
Inc.
(Trading
Companies
&
Distributors)
.................
138
2,219
Walgreens
Boots
Alliance,
Inc.
(Consumer
Staples
Distribution
&
Retail)
.....
48
13,249
Walmart,
Inc.
(Consumer
Staples
Distribution
&
Retail)
...........
797
6,856
Warner
Bros.
Discovery,
Inc.
(Entertainment)(a)
.............
60
1,208
Waste
Management,
Inc.
(Commercial
Services
&
Supplies)
...........
257
175
Waters
Corp.
(Life
Sciences
Tools
&
Services)(a)
..................
60
96
Watsco,
Inc.
(Trading
Companies
&
Distributors)
.................
41
940
WEC
Energy
Group,
Inc.
(Multi-Utilities)
77
10,851
Wells
Fargo
&
Co.
(Banks)
...........
629
1,596
Welltower,
Inc.
(Health
Care
REITs)
....
149
217
West
Pharmaceutical
Services,
Inc.
(Life
Sciences
Tools
&
Services)
.......
86
954
Western
Digital
Corp.
(Technology
Hardware,
Storage
&
Peripherals)(a)
65
536
Westinghouse
Air
Brake
Technologies
Corp.
(Machinery)
.................
78
121
Westlake
Corp.
(Chemicals)
..........
18
63
HC
CAPITAL
TRUST
The
ESG
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
States
(continued)
703
Westrock
Co.
(Containers
&
Packaging)
..
$
35
2,170
Weyerhaeuser
Co.
(Specialized
REITs)
..
78
182
Williams-Sonoma,
Inc.
(Specialty
Retail)
.
58
600
Workday,
Inc.,
Class
-
A
(Software)(a)
...
164
681
WP
Carey,
Inc.
(Diversified
REITs)
.....
38
328
Wynn
Resorts
Ltd.
(Hotels,
Restaurants
&
Leisure)
....................
34
1,615
Xcel
Energy,
Inc.
(Electric
Utilities)
.....
87
704
Xylem,
Inc.
(Machinery)
.............
91
821
Yum!
Brands,
Inc.
(Hotels,
Restaurants
&
Leisure)
....................
114
151
Zebra
Technologies
Corp.
(Electronic
Equipment,
Instruments
&
Components)(a)
...............
46
414
Zillow
Group,
Inc.,
Class
-
C
(Real
Estate
Management
&
Development)(a)
...
20
613
Zimmer
Biomet
Holdings,
Inc.
(Health
Care
Equipment
&
Supplies)
.........
81
1,401
Zoetis,
Inc.
(Pharmaceuticals)
.........
237
710
Zoom
Video
Communications,
Inc.,
Class
-
A
(Software)(a)
...............
46
259
Zscaler,
Inc.
(Software)(a)
............
50
128,685
Uruguay
—
0.11%
136
MercadoLibre,
Inc.
(Broadline
Retail)(a)
.
206
Total
Common
Stocks
..............
186,910
Warrant
—
0.00%
Canada
—
0.00%
60
Constellation
Software,
Inc.,
3/31/40
(Software)(a)(c)
...............
—
Total
Warrant
...................
—
Investment
Company
—
0.49%
Money
Market
Funds
—
0.49%
932,944
State
Street
Institutional
Treasury
Plus
Money
Market
Fund,
Trust
Class
,
5.20%(d)
....................
933
Total
Investment
Company
..........
933
Total
Investments
(cost
$121,591
)
—
99.66%
.....................
187,843
Other
assets
in
excess
of
liabilities
—
0.34%
......................
647
Net
Assets
-
100.00%
$
188,490
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
March
31,
2024.
(d)
Annualized
7-day
yield
as
of
period-end.
ADR—American
Depositary
Receipt
REIT—Real
Estate
Investment
Trust
64
HC
CAPITAL
TRUST
The
ESG
Growth
Portfolio
Portfolio
of
Investments
(concluded)
—
March
31,
2024
(Unaudited)
The
following
table
reflects
the
percentage
of
total
net
assets
of
the
Portfolio
attributable
to
each
Specialist
Manager
as
of
March
31,
2024.
Amounts
designated
as
"—"
indicate
the
Specialist
Manager
did
not
manage
any
holdings
in
that
category. 
The
ESG
Growth
Portfolio
Mellon
Investments
Corporation
Parametric
Portfolio
Associates,
LLC
Total
Common
Stocks
......................................................................................................................................................
99.17
%
—
99.17
%
Warrant
....................................................................................................................................................................
0.00
%
—
0.00
%
Investment
Companies
.............................................................................................................................................
0.01
%
0.48
%
0.49
%
Other
Assets
(Liabilities)
.........................................................................................................................................
0.26
%
0.08
%
0.34
%
Total
Net
Assets
..................................................................................................................................................
99.44
%
0.56
%
100.00
%
The
following
table
reflects
the
open
derivative
positions
held
by
the
Portfolio
as
of
March
31,
2024
.
Futures
Contracts
Purchased
*
Description
Number
of
Contracts
Expiration
Date
Notional
Amount
(000)
Value
and
Unrealized
Appreciation/
(Depreciation)
(000)
E-Mini
S&P
500
Future
.........................
2
6/21/24
$
531
$
3
MSCI
EAFE
Index
Future
.......................
2
6/21/24
236
1
$
767
$
4
Total
Unrealized
Appreciation
.....................
$
4
Total
Unrealized
Depreciation
.....................
—
Total
Net
Unrealized
Appreciation/(Depreciation)
.......
$
4
*
Cash
has
been
pledged
as
collateral
for
futures
contracts
held
by
the
Portfolio.
HC
CAPITAL
TRUST
The
Catholic
SRI
Growth
Portfolio
Portfolio
of
Investments
—
March
31,
2024
(Unaudited)
65
Shares
Security
Description
Value
(000)
Common
Stocks
—
99
.71
%
Australia
—
1
.96
%
109
Ampol
Ltd.
(
Oil,
Gas
&
Consumable
Fuels
)
$
3
1,837
ANZ
Group
Holdings
Ltd.
(
Banks
)
.....
35
917
APA
Group
(
Gas
Utilities
)
...........
5
361
Aristocrat
Leisure
Ltd.
(
Hotels,
Restaurants
&
Leisure
)
...................
10
125
ASX
Ltd.
(
Capital
Markets
)
..........
5
95
Atlassian
Corp.
,
Class
-
A
(
Software
)
(a)
..
19
1,289
Aurizon
Holdings
Ltd.
(
Ground
Transportation
)
...............
3
3,088
BHP
Group
Ltd.
(
Metals
&
Mining
)
.....
89
248
BlueScope
Steel
Ltd.
(
Metals
&
Mining
)
.
4
785
Brambles
Ltd.
(
Commercial
Services
&
Supplies
)
....................
8
233
CAR
Group
Ltd.
(
Interactive
Media
&
Services
)
....................
5
41
Cochlear
Ltd.
(
Health
Care
Equipment
&
Supplies
)
....................
9
780
Coles
Group
Ltd.
(
Consumer
Staples
Distribution
&
Retail
)
...........
9
1,021
Commonwealth
Bank
of
Australia
(
Banks
)
80
306
Computershare
Ltd.
(
Professional
Services
)
5
551
Dexus
(
Office
REITs
)
...............
3
102
EBOS
Group
Ltd.
(
Health
Care
Providers
&
Services
)
....................
2
980
Endeavour
Group
Ltd.
(
Consumer
Staples
Distribution
&
Retail
)
...........
4
1,053
Fortescue
Ltd.
(
Metals
&
Mining
)
......
18
1,047
Goodman
Group
(
Industrial
REITs
)
.....
23
115
IDP
Education
Ltd.
(
Diversified
Consumer
Services
)
....................
1
1,294
Insurance
Australia
Group
Ltd.
(
Insurance
)
5
227
Macquarie
Group
Ltd.
(
Capital
Markets
)
.
30
1,579
Medibank
Pvt.
Ltd.
(
Insurance
)
........
4
96
Mineral
Resources
Ltd.
(
Metals
&
Mining
)
4
2,016
Mirvac
Group
(
Diversified
REITs
)
......
3
1,907
National
Australia
Bank
Ltd.
(
Banks
)
....
43
709
Northern
Star
Resources
Ltd.
(
Metals
&
Mining
)
.....................
7
347
Orica
Ltd.
(
Chemicals
)
..............
4
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
)
..
11
29
REA
Group
Ltd.
(
Interactive
Media
&
Services
)
....................
4
114
Reece
Ltd.
(
Trading
Companies
&
Distributors
)
.................
2
223
Rio
Tinto
Ltd.
(
Metals
&
Mining
)
......
18
2,037
Santos
Ltd.
(
Oil,
Gas
&
Consumable
Fuels
)
(b)
....................
10
3,327
Scentre
Group
(
Retail
REITs
)
.........
7
244
SEEK
Ltd.
(
Interactive
Media
&
Services
)
4
61
Seven
Group
Holdings
Ltd.
(
Trading
Companies
&
Distributors
)
.......
2
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Australia
(continued)
239
Sonic
Healthcare
Ltd.
(
Health
Care
Providers
&
Services
)
...........
$
5
2,634
South32
Ltd.
(
Metals
&
Mining
)
.......
5
1,290
Stockland
(
Diversified
REITs
)
.........
4
802
Suncorp
Group
Ltd.
(
Insurance
)
.......
9
2,429
Telstra
Group
Ltd.
(
Diversified
Telecommunication
Services
)
.....
6
399
The
GPT
Group
(
Diversified
REITs
)
....
1
1,446
The
Lottery
Corp.
Ltd.
(
Hotels,
Restaurants
&
Leisure
)
...................
5
1,995
Transurban
Group
(
Transportation
Infrastructure
)
................
17
413
Treasury
Wine
Estates
Ltd.
(
Beverages
)
..
3
2,104
Vicinity
Ltd.
(
Retail
REITs
)
(b)
........
3
176
Washington
H
Soul
Pattinson
&
Co.
Ltd.
(
Financial
Services
)
............
4
693
Wesfarmers
Ltd.
(
Broadline
Retail
)
.....
31
2,138
Westpac
Banking
Corp.
(
Banks
)
.......
36
112
WiseTech
Global
Ltd.
(
Software
)
.......
7
1,166
Woodside
Energy
Group
Ltd.
(
Oil,
Gas
&
Consumable
Fuels
)
.............
23
767
Woolworths
Group
Ltd.
(
Consumer
Staples
Distribution
&
Retail
)
...........
17
685
Austria
—
0
.05
%
222
Erste
Group
Bank
AG
(
Banks
)
(b)
......
9
74
OMV
AG
(
Oil,
Gas
&
Consumable
Fuels
)
4
39
Verbund
AG
(
Electric
Utilities
)
........
3
57
voestalpine
AG
(
Metals
&
Mining
)
.....
2
18
Belgium
—
0
.23
%
91
Ageas
SA/N.V.
(
Insurance
)
...........
4
542
Anheuser-Busch
InBev
SA/N.V.
(
Beverages
)
..................
33
16
D'ieteren
Group
(
Distributors
)
.........
4
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
)
............
11
9
Sofina
SA
(
Financial
Services
)
........
2
39
Syensqo
SA
(
Chemicals
)
(a)
...........
4
80
UCB
SA
(
Pharmaceuticals
)
...........
10
108
Umicore
SA
(
Chemicals
)
(b)
..........
2
108
Warehouses
De
Pauw
CVA
(
Industrial
REITs
)
.....................
3
79
Bermuda
—
0
.09
%
228
Arch
Capital
Group
Ltd.
(
Insurance
)
(a)
..
21
24
Everest
Group
Ltd.
(
Insurance
)
........
10
31
66
HC
CAPITAL
TRUST
The
Catholic
SRI
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Canada
—
3
.56
%
328
Agnico
Eagle
Mines
Ltd.
(
Metals
&
Mining
)
$
20
100
Air
Canada
(
Passenger
Airlines
)
(a)
(b)
...
1
469
Alimentation
Couche-Tard,
Inc.
(
Consumer
Staples
Distribution
&
Retail
)
.....
27
144
AltaGas
Ltd.
(
Gas
Utilities
)
...........
3
353
ARC
Resources
Ltd.
(
Oil,
Gas
&
Consumable
Fuels
)
.............
6
444
Bank
of
Montreal
(
Banks
)
............
43
997
Barrick
Gold
Corp.
(
Metals
&
Mining
)
..
17
15
BCE,
Inc.
(
Diversified
Telecommunication
Services
)
....................
1
196
Brookfield
Asset
Management
Ltd.
,
Class
-
A
(
Capital
Markets
)
............
8
817
Brookfield
Corp.
(
Capital
Markets
)
.....
34
22
BRP,
Inc.
(
Leisure
Products
)
..........
1
269
Cameco
Corp.
(
Oil,
Gas
&
Consumable
Fuels
)
......................
12
46
Canadian
Apartment
Properties
REIT
(
Residential
REITs
)
(b)
..........
2
570
Canadian
Imperial
Bank
of
Commerce
(
Banks
)
.....................
29
339
Canadian
National
Railway
Co.
(
Ground
Transportation
)
...............
45
627
Canadian
Natural
Resources
Ltd.
(
Oil,
Gas
&
Consumable
Fuels
)
...........
48
568
Canadian
Pacific
Kansas
City
Ltd.
(
Ground
Transportation
)
...............
49
31
Canadian
Tire
Corp.
Ltd.
,
Class
-
A
(
Broadline
Retail
)
.............
3
110
Canadian
Utilities
Ltd.
,
Class
-
A
(
Multi-
Utilities
)
....................
3
81
CCL
Industries,
Inc.
,
Class
-
B
(
Containers
&
Packaging
)
(b)
..............
4
882
Cenovus
Energy,
Inc.
(
Oil,
Gas
&
Consumable
Fuels
)
.............
18
131
CGI,
Inc.
(
IT
Services
)
(a)
............
14
11
Constellation
Software,
Inc.
(
Software
)
..
30
162
Dollarama,
Inc.
(
Broadline
Retail
)
......
12
204
Element
Fleet
Management
Corp.
(
Commercial
Services
&
Supplies
)
(b)
3
151
Emera,
Inc.
(
Electric
Utilities
)
.........
5
85
Empire
Co.
Ltd.
,
Class
-
A
(
Consumer
Staples
Distribution
&
Retail
)
.....
2
1,305
Enbridge,
Inc.
(
Oil,
Gas
&
Consumable
Fuels
)
......................
47
12
Fairfax
Financial
Holdings
Ltd.
(
Insurance
)
13
516
First
Quantum
Minerals
Ltd.
(
Metals
&
Mining
)
.....................
6
34
FirstService
Corp.
(
Real
Estate
Management
&
Development
)
..............
6
277
Fortis,
Inc.
(
Electric
Utilities
)
.........
11
123
Franco-Nevada
Corp.
(
Metals
&
Mining
)
.
15
44
George
Weston
Ltd.
(
Consumer
Staples
Distribution
&
Retail
)
...........
6
127
GFL
Environmental,
Inc.
(
Commercial
Services
&
Supplies
)
...........
4
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Canada
(continued)
97
Gildan
Activewear,
Inc.
(
Textiles,
Apparel
&
Luxury
Goods
)
...............
$
4
157
Great-West
Lifeco,
Inc.
(
Insurance
)
.....
5
206
Hydro
One
Ltd.
(
Electric
Utilities
)
(b)
....
6
53
iA
Financial
Corp.,
Inc.
(
Insurance
)
.....
3
50
IGM
Financial,
Inc.
(
Capital
Markets
)
...
1
120
Imperial
Oil
Ltd.
(
Oil,
Gas
&
Consumable
Fuels
)
......................
8
111
Intact
Financial
Corp.
(
Insurance
)
(b)
....
18
339
Ivanhoe
Mines
Ltd.
(
Metals
&
Mining
)
(a)
4
121
Keyera
Corp.
(
Oil,
Gas
&
Consumable
Fuels
)
......................
3
776
Kinross
Gold
Corp.
(
Metals
&
Mining
)
..
5
87
Loblaw
Cos.
Ltd.
(
Consumer
Staples
Distribution
&
Retail
)
...........
10
71
Lululemon
Athletica,
Inc.
(
Textiles,
Apparel
&
Luxury
Goods
)
(a)
............
28
340
Lundin
Mining
Corp.
(
Metals
&
Mining
)
(b)
3
180
Magna
International,
Inc.
(
Automobile
Components
)
.................
10
1,113
Manulife
Financial
Corp.
(
Insurance
)
....
28
163
MEG
Energy
Corp.
(
Oil,
Gas
&
Consumable
Fuels
)
(a)
(b)
..................
4
159
Metro,
Inc.
(
Consumer
Staples
Distribution
&
Retail
)
....................
9
212
National
Bank
of
Canada
(
Banks
)
......
18
158
Northland
Power,
Inc.
(
Independent
Power
and
Renewable
Electricity
Producers
)
3
312
Nutrien
Ltd.
(
Chemicals
)
............
17
42
Onex
Corp.
(
Capital
Markets
)
.........
3
151
Open
Text
Corp.
(
Software
)
(b)
........
6
198
Pan
American
Silver
Corp.
(
Metals
&
Mining
)
.....................
3
80
Parkland
Corp.
(
Oil,
Gas
&
Consumable
Fuels
)
(b)
....................
3
333
Pembina
Pipeline
Corp.
(
Oil,
Gas
&
Consumable
Fuels
)
.............
12
328
Power
Corp.
of
Canada
(
Insurance
)
.....
9
78
Quebecor,
Inc.
,
Class
-
B
(
Diversified
Telecommunication
Services
)
.....
2
169
Restaurant
Brands
International,
Inc.
(
Hotels,
Restaurants
&
Leisure
)
....
13
72
RioCan
Real
Estate
Investment
Trust
(
Retail
REITs
)
(b)
...................
1
235
Rogers
Communications,
Inc.
,
Class
-
B
(
Wireless
Telecommunication
Services
)
....................
10
851
Royal
Bank
of
Canada
(
Banks
)
........
85
141
Saputo,
Inc.
(
Food
Products
)
(b)
........
3
735
Shopify,
Inc.
,
Class
-
A
(
IT
Services
)
(a)
..
56
67
Stantec,
Inc.
(
Construction
&
Engineering
)
6
366
Sun
Life
Financial,
Inc.
(
Insurance
)
.....
20
805
Suncor
Energy,
Inc.
(
Oil,
Gas
&
Consumable
Fuels
)
.............
30
632
TC
Energy
Corp.
(
Oil,
Gas
&
Consumable
Fuels
)
......................
25
67
HC
CAPITAL
TRUST
The
Catholic
SRI
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Canada
(continued)
258
Teck
Resources
Ltd.
,
Class
-
B
(
Metals
&
Mining
)
.....................
$
12
353
TELUS
Corp.
(
Diversified
Telecommunication
Services
)
.....
6
43
TFI
International,
Inc.
(
Ground
Transportation
)
...............
7
747
The
Bank
of
Nova
Scotia
(
Banks
)
......
39
67
The
Descartes
Systems
Group,
Inc.
(
Software
)
(a)
.................
6
1,065
The
Toronto-Dominion
Bank
(
Banks
)
...
63
90
Thomson
Reuters
Corp.
(
Professional
Services
)
....................
14
140
TMX
Group
Ltd.
(
Capital
Markets
)
.....
4
47
Toromont
Industries
Ltd.
(
Trading
Companies
&
Distributors
)
.......
5
177
Tourmaline
Oil
Corp.
(
Oil,
Gas
&
Consumable
Fuels
)
.............
8
159
Waste
Connections,
Inc.
(
Commercial
Services
&
Supplies
)
...........
27
37
West
Fraser
Timber
Co.
Ltd.
(
Paper
&
Forest
Products
)
...............
3
271
Wheaton
Precious
Metals
Corp.
(
Metals
&
Mining
)
.....................
13
73
WSP
Global,
Inc.
(
Construction
&
Engineering
)
.................
12
1,241
Chile
—
0
.02
%
254
Antofagasta
PLC
(
Metals
&
Mining
)
....
7
Denmark
—
0
.31
%
2
A.P.
Moller
-
Maersk
A/S
,
Class
-
A
(
Marine
Transportation
)
...............
3
3
A.P.
Moller
-
Maersk
A/S
,
Class
-
B
(
Marine
Transportation
)
...............
4
65
Carlsberg
A/S
,
Class
-
B
(
Beverages
)
....
9
80
Coloplast
A/S
,
Class
-
B
(
Health
Care
Equipment
&
Supplies
)
.........
11
401
Danske
Bank
A/S
(
Banks
)
............
12
51
Demant
A/S
(
Health
Care
Equipment
&
Supplies
)
(a)
..................
3
102
DSV
A/S
(
Air
Freight
&
Logistics
)
.....
16
232
Novonesis
,
B
shares
(
Chemicals
)
.......
14
114
Orsted
A/S
(
Electric
Utilities
)
(b)
.......
6
50
Pandora
A/S
(
Textiles,
Apparel
&
Luxury
Goods
)
.....................
8
5
ROCKWOOL
A/S
,
Class
-
B
(
Building
Products
)
....................
2
192
Tryg
A/S
(
Insurance
)
(b)
.............
4
625
Vestas
Wind
Systems
A/S
(
Electrical
Equipment
)
(a)
................
16
108
Finland
—
0
.28
%
102
Elisa
Oyj
(
Diversified
Telecommunication
Services
)
....................
5
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Finland
(continued)
234
Fortum
Oyj
(
Electric
Utilities
)
.........
$
3
138
Kesko
Oyj
,
Class
-
B
(
Consumer
Staples
Distribution
&
Retail
)
...........
3
202
Kone
Oyj
,
Class
-
B
(
Machinery
)
.......
9
372
Metso
Oyj
(
Machinery
)
(b)
...........
4
249
Neste
Oyj
(
Oil,
Gas
&
Consumable
Fuels
)
7
3,527
Nokia
Oyj
(
Communications
Equipment
)
.
13
1,951
Nordea
Bank
Abp
(
Banks
)
...........
21
271
Sampo
Oyj
,
A
Shares
(
Insurance
)
......
12
442
Stora
Enso
Oyj
,
Registered
Shares
(
Paper
&
Forest
Products
)
...............
6
314
UPM-Kymmene
Oyj
(
Paper
&
Forest
Products
)
....................
10
235
Wartsila
Oyj
Abp
(
Machinery
)
.........
4
97
France
—
2
.89
%
141
Accor
SA
(
Hotels,
Restaurants
&
Leisure
)
7
16
Aeroports
de
Paris
SA
(
Transportation
Infrastructure
)
................
2
318
Air
Liquide
SA
(
Chemicals
)
..........
66
181
Alstom
SA
(
Machinery
)
.............
3
30
Amundi
SA
(
Capital
Markets
)
.........
2
44
Arkema
SA
(
Chemicals
)
.............
5
1,101
AXA
SA
(
Insurance
)
...............
41
22
BioMerieux
(
Health
Care
Equipment
&
Supplies
)
....................
2
618
BNP
Paribas
SA
(
Banks
)
.............
44
481
Bollore
SE
(
Entertainment
)
...........
3
107
Bouygues
SA
(
Construction
&
Engineering
)
4
163
Bureau
Veritas
SA
(
Professional
Services
)
(b)
..................
5
96
Capgemini
SE
(
IT
Services
)
..........
22
320
Carrefour
SA
(
Consumer
Staples
Distribution
&
Retail
)
(b)
........
5
279
Cie
de
Saint-Gobain
SA
(
Building
Products
)
22
427
Cie
Generale
des
Etablissements
Michelin
SCA
(
Automobile
Components
)
...
16
27
Covivio
SA
(
Office
REITs
)
...........
1
587
Credit
Agricole
SA
(
Banks
)
...........
9
396
Danone
SA
(
Food
Products
)
..........
26
412
Dassault
Systemes
SE
(
Software
)
......
18
161
Edenred
SE
(
Financial
Services
)
.......
9
43
Eiffage
SA
(
Construction
&
Engineering
)
(b)
5
1,139
Engie
SA
(
Multi-Utilities
)
............
19
182
EssilorLuxottica
SA
(
Health
Care
Equipment
&
Supplies
)
.........
41
23
Eurazeo
SE
(
Financial
Services
)
.......
2
23
Gecina
SA
(
Office
REITs
)
(b)
..........
2
218
Getlink
SE
(
Transportation
Infrastructure
)
4
19
Hermes
International
SCA
(
Textiles,
Apparel
&
Luxury
Goods
)
..............
48
22
Ipsen
SA
(
Pharmaceuticals
)
...........
3
68
HC
CAPITAL
TRUST
The
Catholic
SRI
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
France
(continued)
46
Kering
SA
(
Textiles,
Apparel
&
Luxury
Goods
)
.....................
$
18
138
Klepierre
SA
(
Retail
REITs
)
..........
4
59
La
Francaise
des
Jeux
SAEM
(
Hotels,
Restaurants
&
Leisure
)
..........
2
166
Legrand
SA
(
Electrical
Equipment
)
.....
18
147
L'Oreal
SA
(
Personal
Care
Products
)
....
70
168
LVMH
Moet
Hennessy
Louis
Vuitton
SE
(
Textiles,
Apparel
&
Luxury
Goods
)
150
1,170
Orange
SA
(
Diversified
Telecommunication
Services
)
(b)
..................
14
127
Pernod
Ricard
SA
(
Beverages
)
........
21
136
Publicis
Groupe
SA
(
Media
)
..........
15
17
Remy
Cointreau
SA
(
Beverages
)
.......
2
99
Renault
SA
(
Automobiles
)
...........
5
180
Rexel
SA
(
Trading
Companies
&
Distributors
)
.................
5
330
Schneider
Electric
SE
(
Electrical
Equipment
)
(b)
................
75
16
SEB
SA
(
Household
Durables
)
(b)
......
2
426
Societe
Generale
SA
(
Banks
)
.........
11
54
Sodexo
SA
(
Hotels,
Restaurants
&
Leisure
)
5
35
Teleperformance
SE
(
Professional
Services
)
3
1,327
TotalEnergies
SE
(
Oil,
Gas
&
Consumable
Fuels
)
......................
91
66
Unibail-Rodamco-Westfield
(
Retail
REITs
)
(a)
...................
5
432
Veolia
Environnement
SA
(
Multi-Utilities
)
14
289
Vinci
SA
(
Construction
&
Engineering
)
..
37
387
Vivendi
SE
(
Media
)
................
4
148
Worldline
SA
(
Financial
Services
)
(a)
....
2
1,009
Germany
—
2
.08
%
100
adidas
AG
(
Textiles,
Apparel
&
Luxury
Goods
)
.....................
22
228
Allianz
SE
,
Registered
Shares
(
Insurance
)
68
552
BASF
SE
(
Chemicals
)
..............
32
199
Bayerische
Motoren
Werke
AG
(
Automobiles
)
................
23
34
Bayerische
Motoren
Werke
AG
,
Preference
Shares
(
Automobiles
)
...........
4
45
Bechtle
AG
(
IT
Services
)
............
2
81
Brenntag
SE
(
Trading
Companies
&
Distributors
)
.................
7
23
Carl
Zeiss
Meditec
AG
,
Class
-
BR
(
Health
Care
Equipment
&
Supplies
)
......
3
632
Commerzbank
AG
(
Banks
)
...........
9
78
Continental
AG
(
Automobile
Components
)
6
107
Covestro
AG
(
Chemicals
)
(a)
..........
6
324
Daimler
Truck
Holding
AG
(
Machinery
)
.
16
111
Delivery
Hero
SE
(
Hotels,
Restaurants
&
Leisure
)
(a)
..................
3
1,200
Deutsche
Bank
AG
,
Registered
Shares
(
Capital
Markets
)
..............
19
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Germany
(continued)
116
Deutsche
Boerse
AG
(
Capital
Markets
)
..
$
24
304
Deutsche
Lufthansa
AG
,
Registered
Shares
(
Passenger
Airlines
)
(a)
(b)
........
2
607
Deutsche
Post
AG
(
Air
Freight
&
Logistics
)
26
1,981
Deutsche
Telekom
AG
(
Diversified
Telecommunication
Services
)
(b)
...
48
75
Dr.
Ing.
h.c.
F.
Porsche
AG
,
Preference
Shares
(
Automobiles
)
...........
7
1,377
E.ON
SE
(
Multi-Utilities
)
............
19
105
Evonik
Industries
AG
(
Chemicals
)
......
2
131
Fresenius
Medical
Care
AG
(
Health
Care
Providers
&
Services
)
...........
5
135
GEA
Group
AG
(
Machinery
)
.........
6
40
Hannover
Rueck
SE
(
Insurance
)
.......
11
81
Heidelberg
Materials
AG
(
Construction
Materials
)
...................
9
70
Henkel
AG
&
Co.
KGaA
(
Household
Products
)
....................
5
111
Henkel
AG
&
Co.
KGaA
,
Preference
Shares
(
Household
Products
)
...........
9
795
Infineon
Technologies
AG
(
Semiconductors
&
Semiconductor
Equipment
)
(b)
...
27
41
Knorr-Bremse
AG
(
Machinery
)
........
3
41
LEG
Immobilien
SE
(
Real
Estate
Management
&
Development
)
(a)
...
4
493
Mercedes-Benz
Group
AG
(
Automobiles
)
39
34
MTU
Aero
Engines
AG
(
Aerospace
&
Defense
)
....................
9
83
Muenchener
Rueckversicherungs-
Gesellschaft
AG
in
Muenchen
,
Registered
Shares
(
Insurance
)
.....
40
35
Nemetschek
SE
(
Software
)
...........
3
117
Porsche
Automobil
Holding
SE
,
Preference
Shares
(
Automobiles
)
...........
6
61
Puma
SE
(
Textiles,
Apparel
&
Luxury
Goods
)
(b)
...................
3
3
Rational
AG
(
Machinery
)
............
3
366
RWE
AG
(
Independent
Power
and
Renewable
Electricity
Producers
)
..
12
634
SAP
SE
(
Software
)
.................
123
49
Scout24
SE
(
Interactive
Media
&
Services
)
4
305
Siemens
Energy
AG
(
Electrical
Equipment
)
(a)
(b)
..............
6
81
Symrise
AG
(
Chemicals
)
(b)
..........
10
41
Talanx
AG
(
Insurance
)
..............
3
16
Volkswagen
AG
(
Automobiles
)
........
2
135
Volkswagen
AG
,
Preference
Shares
(
Automobiles
)
................
18
423
Vonovia
SE
(
Real
Estate
Management
&
Development
)
................
13
121
Zalando
SE
(
Specialty
Retail
)
(a)
.......
3
724
Hong
Kong
—
0
.56
%
7,092
AIA
Group
Ltd.
(
Insurance
)
..........
49
2,000
BOC
Hong
Kong
Holdings
Ltd.
(
Banks
)
.
5
69
HC
CAPITAL
TRUST
The
Catholic
SRI
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Hong
Kong
(continued)
1,500
CK
Asset
Holdings
Ltd.
(
Real
Estate
Management
&
Development
)
.....
$
6
1,500
CK
Hutchison
Holdings
Ltd.
(
Industrial
Conglomerates
)
...............
7
500
CK
Infrastructure
Holdings
Ltd.
(
Electric
Utilities
)
....................
3
1,000
CLP
Holdings
Ltd.
(
Electric
Utilities
)
...
8
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
)
..........
5
1,000
Hang
Lung
Properties
Ltd.
(
Real
Estate
Management
&
Development
)
.....
1
400
Hang
Seng
Bank
Ltd.
(
Banks
)
.........
4
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
)
....................
5
723
Hong
Kong
Exchanges
&
Clearing
Ltd.
(
Capital
Markets
)
..............
21
700
Hongkong
Land
Holdings
Ltd.
(
Real
Estate
Management
&
Development
)
.....
2
100
Jardine
Matheson
Holdings
Ltd.
(
Industrial
Conglomerates
)
...............
4
1,566
Link
REIT
(
Retail
REITs
)
............
7
1,000
MTR
Corp.
Ltd.
(
Ground
Transportation
)
.
3
779
Power
Assets
Holdings
Ltd.
(
Electric
Utilities
)
....................
5
1,733
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
)
.....
10
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
)
10
1,000
The
Wharf
Holdings
Ltd.
(
Real
Estate
Management
&
Development
)
.....
3
4,728
WH
Group
Ltd.
(
Food
Products
)
.......
3
1,000
Wharf
Real
Estate
Investment
Co.
Ltd.
(
Real
Estate
Management
&
Development
)
3
194
Ireland
(Republic
of)
—
1
.21
%
374
Accenture
PLC
,
Class
-
A
(
IT
Services
)
..
129
39
AerCap
Holdings
N.V.
(
Trading
Companies
&
Distributors
)
(a)
.............
3
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Ireland
(Republic
of)
(continued)
92
AerCap
Holdings
N.V.
(
Trading
Companies
&
Distributors
)
(a)
.............
$
8
770
AIB
Group
PLC
(
Banks
)
............
4
50
Allegion
PLC
(
Building
Products
)
......
7
162
Aptiv
PLC
(
Automobile
Components
)
(a)
.
13
599
Bank
of
Ireland
Group
PLC
(
Banks
)
....
6
414
CRH
PLC
(
Construction
Materials
)
.....
36
571
Experian
PLC
(
Professional
Services
)
...
25
100
Flutter
Entertainment
PLC
(
Hotels,
Restaurants
&
Leisure
)
(a)
........
20
9
Flutter
Entertainment
PLC
(
Hotels,
Restaurants
&
Leisure
)
(a)
(b)
......
2
259
James
Hardie
Industries
PLC
(
Construction
Materials
)
(a)
.................
10
425
Johnson
Controls
International
PLC
(
Building
Products
)
............
28
101
Kingspan
Group
PLC
(
Building
Products
)
9
814
Medtronic
PLC
(
Health
Care
Equipment
&
Supplies
)
....................
71
163
Smurfit
Kappa
Group
PLC
(
Containers
&
Packaging
)
(b)
................
7
140
Trane
Technologies
PLC
(
Building
Products
)
....................
42
420
Israel
—
0
.18
%
50
Azrieli
Group
Ltd.
(
Real
Estate
Management
&
Development
)
..............
4
818
Bank
Hapoalim
BM
(
Banks
)
..........
8
842
Bank
Leumi
Le-Israel
BM
(
Banks
)
.....
7
56
Check
Point
Software
Technologies
Ltd.
(
Software
)
(a)
.................
8
23
CyberArk
Software
Ltd.
(
Software
)
(a)
...
6
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)
........
3
41
Nice
Ltd.
(
Software
)
(a)
..............
10
28
Wix.com
Ltd.
(
IT
Services
)
(a)
.........
4
62
Italy
—
0
.67
%
62
Amplifon
SpA
(
Health
Care
Providers
&
Services
)
....................
2
580
Assicurazioni
Generali
SpA
(
Insurance
)
..
15
617
Banco
BPM
SpA
(
Banks
)
............
4
406
Davide
Campari-Milano
N.V.
,
Class
-
M
(
Beverages
)
(b)
................
4
13
DiaSorin
SpA
(
Health
Care
Equipment
&
Supplies
)
....................
1
4,972
Enel
SpA
(
Electric
Utilities
)
(b)
........
33
1,359
Eni
SpA
(
Oil,
Gas
&
Consumable
Fuels
)
.
21
70
HC
CAPITAL
TRUST
The
Catholic
SRI
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Italy
(continued)
77
Ferrari
N.V.
(
Automobiles
)
...........
$
34
344
FinecoBank
Banca
Fineco
SpA
(
Banks
)
..
5
208
Infrastrutture
Wireless
Italiane
SpA
(
Diversified
Telecommunication
Services
)
(b)
..................
2
8,395
Intesa
Sanpaolo
SpA
(
Banks
)
(b)
.......
30
318
Mediobanca
Banca
di
Credito
Finanziario
SpA
(
Banks
)
.................
5
123
Moncler
SpA
(
Textiles,
Apparel
&
Luxury
Goods
)
.....................
9
360
Nexi
SpA
(
Financial
Services
)
(a)
.......
2
367
Poste
Italiane
SpA
(
Insurance
)
.........
5
133
Prysmian
SpA
(
Electrical
Equipment
)
...
7
49
Recordati
Industria
Chimica
e
Farmaceutica
SpA
(
Pharmaceuticals
)
..........
3
1,265
Snam
SpA
(
Gas
Utilities
)
............
6
4,827
Telecom
Italia
SpA/Milano
(
Diversified
Telecommunication
Services
)
(a)
...
1
946
Terna
-
Rete
Elettrica
Nazionale
(
Electric
Utilities
)
....................
8
919
UniCredit
SpA
(
Banks
)
..............
35
232
Japan
—
6
.23
%
500
Advantest
Corp.
(
Semiconductors
&
Semiconductor
Equipment
)
(b)
.....
22
400
Aeon
Co.
Ltd.
(
Consumer
Staples
Distribution
&
Retail
)
...........
9
100
AGC,
Inc.
(
Building
Products
)
........
4
100
Aisin
Corp.
(
Automobile
Components
)
..
4
100
ANA
Holdings,
Inc.
(
Passenger
Airlines
)
(b)
2
100
Asahi
Intecc
Co.
Ltd.
(
Health
Care
Equipment
&
Supplies
)
.........
2
800
Asahi
Kasei
Corp.
(
Chemicals
)
........
6
100
Azbil
Corp.
(
Electronic
Equipment,
Instruments
&
Components
)
......
3
400
Bandai
Namco
Holdings,
Inc.
(
Leisure
Products
)
....................
7
333
Bridgestone
Corp.
(
Automobile
Components
)
.................
15
100
Brother
Industries
Ltd.
(
Technology
Hardware,
Storage
&
Peripherals
)
..
2
600
Canon,
Inc.
(
Technology
Hardware,
Storage
&
Peripherals
)
................
18
200
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
)
.
4
100
Dai
Nippon
Printing
Co.
Ltd.
(
Commercial
Services
&
Supplies
)
...........
3
190
Daifuku
Co.
Ltd.
(
Machinery
)
.........
5
586
Dai-ichi
Life
Holdings,
Inc.
(
Insurance
)
..
15
220
Daikin
Industries
Ltd.
(
Building
Products
)
30
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Japan
(continued)
300
Daiwa
House
Industry
Co.
Ltd.
(
Real
Estate
Management
&
Development
)
.....
$
9
900
Daiwa
Securities
Group,
Inc.
(
Capital
Markets
)
....................
7
1,124
Denso
Corp.
(
Automobile
Components
)
..
21
100
Dentsu
Group,
Inc.
(
Media
)
..........
3
105
Disco
Corp.
(
Semiconductors
&
Semiconductor
Equipment
)
.......
38
600
East
Japan
Railway
Co.
(
Ground
Transportation
)
...............
11
1,700
ENEOS
Holdings,
Inc.
(
Oil,
Gas
&
Consumable
Fuels
)
.............
8
545
FANUC
Corp.
(
Machinery
)
...........
15
100
Fast
Retailing
Co.
Ltd.
(
Specialty
Retail
)
.
31
100
Fuji
Electric
Co.
Ltd.
(
Electrical
Equipment
)
7
600
FUJIFILM
Holdings
Corp.
(
Technology
Hardware,
Storage
&
Peripherals
)
..
13
1,520
Fujitsu
Ltd.
(
IT
Services
)
(b)
..........
24
3
GLP
J-Reit
(
Industrial
REITs
)
(b)
.......
3
100
Hamamatsu
Photonics
KK
(
Electronic
Equipment,
Instruments
&
Components
)
.................
4
100
Hankyu
Hanshin
Holdings,
Inc.
(
Ground
Transportation
)
...............
3
27
Hikari
Tsushin,
Inc.
(
Industrial
Conglomerates
)
...............
5
42
Hirose
Electric
Co.
Ltd.
(
Electronic
Equipment,
Instruments
&
Components
)
.................
4
100
Hitachi
Construction
Machinery
Co.
Ltd.
(
Machinery
)
.................
3
2,800
Honda
Motor
Co.
Ltd.
(
Automobiles
)
...
34
100
Hoshizaki
Corp.
(
Machinery
)
.........
4
200
Hoya
Corp.
(
Health
Care
Equipment
&
Supplies
)
....................
25
200
Hulic
Co.
Ltd.
(
Real
Estate
Management
&
Development
)
(b)
..............
2
100
Ibiden
Co.
Ltd.
(
Electronic
Equipment,
Instruments
&
Components
)
......
4
760
Idemitsu
Kosan
Co.
Ltd.
(
Oil,
Gas
&
Consumable
Fuels
)
(b)
..........
5
100
Iida
Group
Holdings
Co.
Ltd.
(
Household
Durables
)
...................
1
600
Inpex
Corp.
(
Oil,
Gas
&
Consumable
Fuels
)
9
300
Isuzu
Motors
Ltd.
(
Automobiles
)
.......
4
700
ITOCHU
Corp.
(
Trading
Companies
&
Distributors
)
.................
30
48
Japan
Airlines
Co.
Ltd.
(
Passenger
Airlines
)
(b)
..................
1
300
Japan
Exchange
Group,
Inc.
(
Capital
Markets
)
....................
8
4
Japan
Metropolitan
Fund
Invest
(
Retail
REITs
)
.....................
2
800
Japan
Post
Bank
Co.
Ltd.
(
Banks
)
(b)
....
9
1,300
Japan
Post
Holdings
Co.
Ltd.
(
Insurance
)
(b)
13
100
Japan
Post
Insurance
Co.
Ltd.
(
Insurance
)
(b)
2
71
HC
CAPITAL
TRUST
The
Catholic
SRI
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Japan
(continued)
1
Japan
Real
Estate
Investment
Corp.
(
Office
REITs
)
.....................
$
4
300
JFE
Holdings,
Inc.
(
Metals
&
Mining
)
(b)
.
5
300
Kajima
Corp.
(
Construction
&
Engineering
)
6
227
Kao
Corp.
(
Personal
Care
Products
)
.....
8
300
Kawasaki
Kisen
Kaisha
Ltd.
(
Marine
Transportation
)
...............
4
874
KDDI
Corp.
(
Wireless
Telecommunication
Services
)
....................
26
6
KDX
Realty
Investment
Corp.
(
Diversified
REITs
)
.....................
6
100
Keisei
Electric
Railway
Co.
Ltd.
(
Ground
Transportation
)
...............
4
134
Keyence
Corp.
(
Electronic
Equipment,
Instruments
&
Components
)
......
62
500
Kikkoman
Corp.
(
Food
Products
)
......
6
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
168
Koito
Manufacturing
Co.
Ltd.
(
Automobile
Components
)
.................
2
600
Komatsu
Ltd.
(
Machinery
)
...........
18
100
Konami
Group
Corp.
(
Entertainment
)
...
7
600
Kubota
Corp.
(
Machinery
)
...........
9
800
Kyocera
Corp.
(
Electronic
Equipment,
Instruments
&
Components
)
......
11
200
Kyowa
Kirin
Co.
Ltd.
(
Pharmaceuticals
)
.
4
1,500
LY
Corp.
(
Interactive
Media
&
Services
)
.
4
300
M3,
Inc.
(
Health
Care
Technology
)
.....
4
100
Makita
Corp.
(
Machinery
)
...........
3
900
Marubeni
Corp.
(
Trading
Companies
&
Distributors
)
.................
16
200
MatsukiyoCocokara
&
Co.
(
Consumer
Staples
Distribution
&
Retail
)
.....
3
300
Mazda
Motor
Corp.
(
Automobiles
)
.....
3
200
MINEBEA
MITSUMI,
Inc.
(
Machinery
)
.
4
200
MISUMI
Group,
Inc.
(
Machinery
)
......
3
2,100
Mitsubishi
Corp.
(
Trading
Companies
&
Distributors
)
.................
48
1,200
Mitsubishi
Electric
Corp.
(
Electrical
Equipment
)
..................
20
600
Mitsubishi
Estate
Co.
Ltd.
(
Real
Estate
Management
&
Development
)
.....
11
500
Mitsubishi
HC
Capital,
Inc.
(
Financial
Services
)
....................
3
2,000
Mitsubishi
Heavy
Industries
Ltd.
(
Machinery
)
.................
18
6,679
Mitsubishi
UFJ
Financial
Group,
Inc.
(
Banks
)
.....................
68
800
Mitsui
&
Co.
Ltd.
(
Trading
Companies
&
Distributors
)
.................
37
100
Mitsui
Chemicals,
Inc.
(
Chemicals
)
.....
3
1,800
Mitsui
Fudosan
Co.
Ltd.
(
Real
Estate
Management
&
Development
)
.....
19
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Japan
(continued)
200
Mitsui
O.S.K.
Lines
Ltd.
(
Marine
Transportation
)
...............
$
6
1,410
Mizuho
Financial
Group,
Inc.
(
Banks
)
...
28
200
MonotaRO
Co.
Ltd.
(
Trading
Companies
&
Distributors
)
.................
2
690
MS&AD
Insurance
Group
Holdings,
Inc.
(
Insurance
)
..................
12
1,011
Murata
Manufacturing
Co.
Ltd.
(
Electronic
Equipment,
Instruments
&
Components
)
.................
19
130
NEC
Corp.
(
IT
Services
)
.............
9
200
Nexon
Co.
Ltd.
(
Entertainment
)
.......
3
300
NIDEC
Corp.
(
Electrical
Equipment
)
....
12
650
Nintendo
Co.
Ltd.
(
Entertainment
)
......
35
1
Nippon
Building
Fund,
Inc.
(
Office
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
)
3
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.
(
Automobiles
)
...
5
200
Nissin
Foods
Holdings
Co.
Ltd.
(
Food
Products
)
(b)
.................
6
100
Nitto
Denko
Corp.
(
Chemicals
)
........
9
2,000
Nomura
Holdings,
Inc.
(
Capital
Markets
)
.
13
100
Nomura
Real
Estate
Holdings,
Inc.
(
Real
Estate
Management
&
Development
)
3
3
Nomura
Real
Estate
Master
Fund,
Inc.
(
Diversified
REITs
)
............
3
235
Nomura
Research
Institute
Ltd.
(
IT
Services
)
....................
7
400
NTT
Data
Group
Corp.
(
IT
Services
)
....
6
400
Obayashi
Corp.
(
Construction
&
Engineering
)
.................
5
200
Odakyu
Electric
Railway
Co.
Ltd.
(
Ground
Transportation
)
...............
3
700
Olympus
Corp.
(
Health
Care
Equipment
&
Supplies
)
....................
10
147
Omron
Corp.
(
Electronic
Equipment,
Instruments
&
Components
)
......
5
49
Oracle
Corp.
Japan
(
Software
)
.........
4
700
Oriental
Land
Co.
Ltd.
(
Hotels,
Restaurants
&
Leisure
)
...................
22
700
ORIX
Corp.
(
Financial
Services
)
.......
15
200
Osaka
Gas
Co.
Ltd.
(
Gas
Utilities
)
......
4
268
Otsuka
Corp.
(
IT
Services
)
...........
6
268
Pan
Pacific
International
Holdings
Corp.
(
Broadline
Retail
)
.............
7
1,300
Panasonic
Holdings
Corp.
(
Household
Durables
)
...................
12
1,000
Rakuten
Group,
Inc.
(
Broadline
Retail
)
(b)
6
72
HC
CAPITAL
TRUST
The
Catholic
SRI
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Japan
(continued)
900
Recruit
Holdings
Co.
Ltd.
(
Professional
Services
)
....................
$
39
900
Renesas
Electronics
Corp.
(
Semiconductors
&
Semiconductor
Equipment
)
(a)
(b)
.
16
1,300
Resona
Holdings,
Inc.
(
Banks
)
........
8
400
Ricoh
Co.
Ltd.
(
Technology
Hardware,
Storage
&
Peripherals
)
..........
4
184
Rohm
Co.
Ltd.
(
Semiconductors
&
Semiconductor
Equipment
)
.......
3
200
SBI
Holdings,
Inc.
(
Capital
Markets
)
....
5
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
400
Sekisui
House
Ltd.
(
Household
Durables
)
9
1,401
Seven
&
i
Holdings
Co.
Ltd.
(
Consumer
Staples
Distribution
&
Retail
)
.....
20
200
SG
Holdings
Co.
Ltd.
(
Air
Freight
&
Logistics
)
...................
3
300
Sharp
Corp.
(
Household
Durables
)
(a)
(b)
.
2
300
Shimizu
Corp.
(
Construction
&
Engineering
)
.................
2
1,100
Shin-Etsu
Chemical
Co.
Ltd.
(
Chemicals
)
48
300
Shizuoka
Financial
Group,
Inc.
(
Banks
)
..
3
1,700
SoftBank
Corp.
(
Wireless
Telecommunication
Services
)
.....
22
618
SoftBank
Group
Corp.
(
Wireless
Telecommunication
Services
)
.....
37
600
Sompo
Holdings,
Inc.
(
Insurance
)
......
13
800
Sony
Group
Corp.
(
Household
Durables
)
.
69
100
Square
Enix
Holdings
Co.
Ltd.
(
Entertainment
)
...............
4
400
Subaru
Corp.
(
Automobiles
)
..........
9
200
SUMCO
Corp.
(
Semiconductors
&
Semiconductor
Equipment
)
(b)
.....
3
600
Sumitomo
Corp.
(
Trading
Companies
&
Distributors
)
.................
14
400
Sumitomo
Electric
Industries
Ltd.
(
Automobile
Components
)
.......
6
200
Sumitomo
Metal
Mining
Co.
Ltd.
(
Metals
&
Mining
)
.....................
6
800
Sumitomo
Mitsui
Financial
Group,
Inc.
(
Banks
)
.....................
47
446
Sumitomo
Mitsui
Trust
Holdings,
Inc.
(
Banks
)
.....................
10
200
Sumitomo
Realty
&
Development
Co.
Ltd.
(
Real
Estate
Management
&
Development
)
................
7
100
Suntory
Beverage
&
Food
Ltd.
(
Beverages
)
3
800
Suzuki
Motor
Corp.
(
Automobiles
)
.....
9
300
T&D
Holdings,
Inc.
(
Insurance
)
.......
5
100
Taisei
Corp.
(
Construction
&
Engineering
)
4
200
TDK
Corp.
(
Electronic
Equipment,
Instruments
&
Components
)
......
10
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Japan
(continued)
800
Terumo
Corp.
(
Health
Care
Equipment
&
Supplies
)
....................
$
15
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
)
.........
1
1,093
Tokio
Marine
Holdings,
Inc.
(
Insurance
)
.
34
900
Tokyo
Electric
Power
Co.
Holdings,
Inc.
(
Electric
Utilities
)
(a)
...........
5
300
Tokyo
Electron
Ltd.
(
Semiconductors
&
Semiconductor
Equipment
)
.......
79
200
Tokyo
Gas
Co.
Ltd.
(
Gas
Utilities
)
......
5
300
Tokyu
Corp.
(
Ground
Transportation
)
...
4
200
TOPPAN
Holdings,
Inc.
(
Commercial
Services
&
Supplies
)
...........
5
800
Toray
Industries,
Inc.
(
Chemicals
)
......
4
100
TOTO
Ltd.
(
Building
Products
)
........
3
100
Toyota
Industries
Corp.
(
Machinery
)
....
10
6,550
Toyota
Motor
Corp.
(
Automobiles
)
.....
166
100
Toyota
Tsusho
Corp.
(
Trading
Companies
&
Distributors
)
.................
7
100
Trend
Micro,
Inc.
(
Software
)
..........
5
200
Unicharm
Corp.
(
Household
Products
)
...
6
200
USS
Co.
Ltd.
(
Specialty
Retail
)
........
2
200
Yakult
Honsha
Co.
Ltd.
(
Food
Products
)
.
4
100
Yamaha
Corp.
(
Leisure
Products
)
......
2
600
Yamaha
Motor
Co.
Ltd.
(
Automobiles
)
..
6
200
Yamato
Holdings
Co.
Ltd.
(
Air
Freight
&
Logistics
)
...................
3
100
Yaskawa
Electric
Corp.
(
Machinery
)
....
4
100
Yokogawa
Electric
Corp.
(
Electronic
Equipment,
Instruments
&
Components
)
.................
2
100
Zensho
Holdings
Co.
Ltd.
(
Hotels,
Restaurants
&
Leisure
)
..........
4
100
ZOZO,
Inc.
(
Specialty
Retail
)
(b)
.......
2
2,174
Luxembourg
—
0
.04
%
363
ArcelorMittal
SA
(
Metals
&
Mining
)
....
10
259
Tenaris
SA
(
Energy
Equipment
&
Services
)
5
15
Macau
—
0
.01
%
1,200
Sands
China
Ltd.
(
Hotels,
Restaurants
&
Leisure
)
(a)
..................
3
Netherlands
—
1
.66
%
224
ABN
AMRO
Bank
N.V.
(
Banks
)
.......
4
13
Adyen
N.V.
(
Financial
Services
)
(a)
(b)
...
22
807
Aegon
Ltd.
(
Insurance
)
..............
5
73
HC
CAPITAL
TRUST
The
Catholic
SRI
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Netherlands
(continued)
113
Akzo
Nobel
N.V.
(
Chemicals
)
.........
$
8
35
Argenx
SE
(
Biotechnology
)
(a)
........
14
28
ASM
International
N.V.
(
Semiconductors
&
Semiconductor
Equipment
)
.......
17
243
ASML
Holding
N.V.
(
Semiconductors
&
Semiconductor
Equipment
)
(b)
.....
235
102
ASR
Nederland
N.V.
(
Insurance
)
.......
5
47
BE
Semiconductor
Industries
N.V.
(
Semiconductors
&
Semiconductor
Equipment
)
..................
7
44
Euronext
N.V.
(
Capital
Markets
)
.......
4
62
EXOR
N.V.
(
Financial
Services
)
.......
7
91
Heineken
Holding
N.V.
(
Beverages
)
....
7
179
Heineken
N.V.
(
Beverages
)
...........
17
31
IMCD
N.V.
(
Trading
Companies
&
Distributors
)
(b)
...............
5
2,082
ING
Groep
N.V.
(
Banks
)
.............
35
59
JDE
Peet's
N.V.
(
Food
Products
)
(b)
.....
1
589
Koninklijke
Ahold
Delhaize
N.V.
(
Consumer
Staples
Distribution
&
Retail
)
.....
18
1,770
Koninklijke
KPN
N.V.
(
Diversified
Telecommunication
Services
)
.....
7
458
Koninklijke
Philips
N.V.
(
Health
Care
Equipment
&
Supplies
)
(a)
.......
9
152
NN
Group
N.V.
(
Insurance
)
...........
7
155
NXP
Semiconductors
N.V.
(
Semiconductors
&
Semiconductor
Equipment
)
.....
39
51
OCI
N.V.
(
Chemicals
)
(b)
............
1
898
Prosus
N.V.
(
Broadline
Retail
)
(b)
......
28
66
Randstad
N.V.
(
Professional
Services
)
...
3
1,348
Stellantis
N.V.
(
Automobiles
)
.........
39
479
Universal
Music
Group
N.V.
(
Entertainment
)
...............
14
149
Wolters
Kluwer
N.V.
(
Professional
Services
)
23
581
New
Zealand
—
0
.07
%
657
Auckland
International
Airport
Ltd.
(
Transportation
Infrastructure
)
.....
3
304
Fisher
&
Paykel
Healthcare
Corp.
Ltd.
(
Health
Care
Equipment
&
Supplies
)
5
634
Mercury
NZ
Ltd.
(
Electric
Utilities
)
.....
3
828
Meridian
Energy
Ltd.
(
Independent
Power
and
Renewable
Electricity
Producers
)
3
1,066
Spark
New
Zealand
Ltd.
(
Diversified
Telecommunication
Services
)
.....
3
93
Xero
Ltd.
(
Software
)
(a)
.............
8
25
Norway
—
0
.17
%
161
Adevinta
ASA
(
Interactive
Media
&
Services
)
(a)
..................
2
225
Aker
BP
ASA
(
Oil,
Gas
&
Consumable
Fuels
)
......................
6
592
DNB
Bank
ASA
(
Banks
)
............
12
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Norway
(continued)
563
Equinor
ASA
(
Oil,
Gas
&
Consumable
Fuels
)
......................
$
14
121
Gjensidige
Forsikring
ASA
(
Insurance
)
..
2
274
Mowi
ASA
(
Food
Products
)
(b)
........
5
977
Norsk
Hydro
ASA
(
Metals
&
Mining
)
...
5
382
Orkla
ASA
(
Food
Products
)
..........
3
47
Salmar
ASA
(
Food
Products
)
.........
3
373
Telenor
ASA
(
Diversified
Telecommunication
Services
)
.....
4
93
Yara
International
ASA
(
Chemicals
)
....
3
59
Portugal
—
0
.04
%
1,828
EDP
-
Energias
de
Portugal
SA
(
Electric
Utilities
)
....................
7
282
Galp
Energia
SGPS
SA
(
Oil,
Gas
&
Consumable
Fuels
)
(b)
..........
5
157
Jeronimo
Martins
SGPS
SA
(
Consumer
Staples
Distribution
&
Retail
)
(b)
...
3
15
Singapore
—
0
.38
%
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
1,124
DBS
Group
Holdings
Ltd.
(
Banks
)
.....
31
3,300
Genting
Singapore
Ltd.
(
Hotels,
Restaurants
&
Leisure
)
...................
2
1,260
Grab
Holdings
Ltd.
(
Ground
Transportation
)
(a)
.............
4
100
Jardine
Cycle
&
Carriage
Ltd.
(
Industrial
Conglomerates
)
...............
2
800
Keppel
Ltd.
(
Industrial
Conglomerates
)
..
4
1,659
Mapletree
Logistics
Trust
(
Industrial
REITs
)
2
1,200
Mapletree
Pan
Asia
Commercial
Trust
(
Retail
REITs
)
................
1
2,035
Oversea-Chinese
Banking
Corp.
Ltd.
(
Banks
)
.....................
20
212
Sea
Ltd.
,
ADR
(
Entertainment
)
(a)
......
11
26,285
Seatrium
Ltd.
(
Machinery
)
(a)
.........
2
500
Sembcorp
Industries
Ltd.
(
Multi-Utilities
)
2
900
Singapore
Airlines
Ltd.
(
Passenger
Airlines
)
(b)
..................
4
500
Singapore
Exchange
Ltd.
(
Capital
Markets
)
3
5,100
Singapore
Telecommunications
Ltd.
(
Diversified
Telecommunication
Services
)
....................
10
800
United
Overseas
Bank
Ltd.
(
Banks
)
.....
17
74
HC
CAPITAL
TRUST
The
Catholic
SRI
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Singapore
(continued)
900
Wilmar
International
Ltd.
(
Food
Products
)
$
2
131
Spain
—
0
.78
%
22
Acciona
SA
(
Electric
Utilities
)
........
3
116
ACS
Actividades
de
Construccion
y
Servicios
SA
(
Construction
&
Engineering
)
.................
5
46
Aena
SME
SA
(
Transportation
Infrastructure
)
................
9
255
Amadeus
IT
Group
SA
(
Hotels,
Restaurants
&
Leisure
)
...................
16
3,464
Banco
Bilbao
Vizcaya
Argentaria
SA
(
Banks
)
.....................
41
9,941
Banco
Santander
SA
(
Banks
)
(b)
.......
49
2,355
CaixaBank
SA
(
Banks
)
..............
11
260
Cellnex
Telecom
SA
(
Diversified
Telecommunication
Services
)
(b)
...
9
152
EDP
Renovaveis
SA
(
Independent
Power
and
Renewable
Electricity
Producers
)
2
121
Enagas
SA
(
Gas
Utilities
)
(b)
..........
2
189
Endesa
SA
(
Electric
Utilities
)
.........
3
309
Ferrovial
SE
(
Construction
&
Engineering
)
12
3,743
Iberdrola
SA
(
Electric
Utilities
)
........
47
684
Industria
de
Diseno
Textil
SA
(
Specialty
Retail
)
......................
34
223
Redeia
Corp.
SA
(
Electric
Utilities
)
.....
4
652
Repsol
SA
(
Oil,
Gas
&
Consumable
Fuels
)
11
3,145
Telefonica
SA
(
Diversified
Telecommunication
Services
)
.....
14
272
Sweden
—
0
.88
%
196
Alfa
Laval
AB
(
Machinery
)
..........
8
604
Assa
Abloy
AB
,
Class
-
B
(
Building
Products
)
....................
17
1,673
Atlas
Copco
AB
,
Class
-
A
(
Machinery
)
..
29
914
Atlas
Copco
AB
,
Class
-
B
(
Machinery
)
..
14
225
Beijer
Ref
AB
(
Trading
Companies
&
Distributors
)
^
................
3
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
)
...........
6
365
Essity
AB
,
Class
-
B
(
Household
Products
)
^
9
115
Evolution
AB
(
Hotels,
Restaurants
&
Leisure
)
....................
14
306
Fastighets
AB
Balder
,
B
shares
(
Real
Estate
Management
&
Development
)
(a)
...
2
120
Getinge
AB
,
B
shares
(
Health
Care
Equipment
&
Supplies
)
.........
2
377
H
&
M
Hennes
&
Mauritz
AB
,
Class
-
B
(
Specialty
Retail
)
..............
6
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Sweden
(continued)
1,266
Hexagon
AB
,
Class
-
B
(
Electronic
Equipment,
Instruments
&
Components
)
.................
$
15
77
Holmen
AB
,
B
shares
(
Paper
&
Forest
Products
)
....................
3
214
Husqvarna
AB
,
B
shares
(
Machinery
)
...
2
144
Industrivarden
AB
,
Class
-
A
(
Financial
Services
)
(b)
..................
5
59
Industrivarden
AB
,
Class
-
C
(
Financial
Services
)
....................
2
155
Indutrade
AB
(
Machinery
)
...........
4
81
Investment
AB
Latour
,
Class
-
B
(
Industrial
Conglomerates
)
...............
2
1,064
Investor
AB
,
Class
-
B
(
Financial
Services
)
28
50
L
E
Lundbergforetagen
AB
,
Class
-
B
(
Financial
Services
)
............
3
127
Lifco
AB
,
Class
-
B
(
Industrial
Conglomerates
)
...............
3
848
Nibe
Industrier
AB
,
Class
-
B
(
Building
Products
)
....................
4
151
Sagax
AB
,
Class
-
B
(
Real
Estate
Management
&
Development
)
.....
4
692
Sandvik
AB
(
Machinery
)
............
15
280
Securitas
AB
,
Class
-
B
(
Commercial
Services
&
Supplies
)
...........
3
913
Skandinaviska
Enskilda
Banken
AB
,
Class
-
A
(
Banks
)
...................
12
234
Skanska
AB
,
Class
-
B
(
Construction
&
Engineering
)
.................
4
191
SKF
AB
,
B
shares
(
Machinery
)
........
4
432
Svenska
Cellulosa
AB
SCA
,
Class
-
B
(
Paper
&
Forest
Products
)
^
.......
7
873
Svenska
Handelsbanken
AB
,
Class
-
A
(
Banks
)
^
....................
9
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
)
.....
9
1,249
Telia
Co.
AB
(
Diversified
Telecommunication
Services
)
(b)
...
3
207
Volvo
AB
,
Class
-
A
(
Machinery
)
.......
6
855
Volvo
AB
,
Class
-
B
(
Machinery
)
......
23
325
Volvo
Car
AB
,
Class
-
B
(
Automobiles
)
(a)
(b)
............
1
309
Switzerland
—
2
.38
%
975
ABB
Ltd.
,
Registered
Shares
(
Electrical
Equipment
)
..................
45
82
Adecco
Group
AG
(
Professional
Services
)
(b)
..................
3
312
Alcon,
Inc.
(
Health
Care
Equipment
&
Supplies
)
....................
26
66
Avolta
AG
,
Registered
Shares
(
Specialty
Retail
)
(a)
(b)
.................
3
75
HC
CAPITAL
TRUST
The
Catholic
SRI
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Switzerland
(continued)
24
Baloise
Holding
AG
,
Registered
Shares
(
Insurance
)
..................
$
4
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
)
.......
12
250
Chubb
Ltd.
(
Insurance
)
..............
64
321
Cie
Financiere
Richemont
SA
,
Registered
Shares
(
Textiles,
Apparel
&
Luxury
Goods
)
.....................
48
100
Clariant
AG
,
Registered
Shares
(
Chemicals
)
1
114
Coca-Cola
HBC
AG
(
Beverages
)
.......
4
115
DSM-Firmenich
AG
(
Chemicals
)
......
13
5
EMS-Chemie
Holding
AG
(
Chemicals
)
..
4
86
Garmin
Ltd.
(
Household
Durables
)
.....
13
20
Geberit
AG
,
Registered
Shares
(
Building
Products
)
....................
12
5
Givaudan
SA
,
Registered
Shares
(
Chemicals
)
..................
22
6,006
Glencore
PLC
(
Metals
&
Mining
)
(b)
....
33
23
Helvetia
Holding
AG
,
Registered
Shares
(
Insurance
)
..................
3
319
Holcim
AG
(
Construction
Materials
)
(b)
..
29
119
Julius
Baer
Group
Ltd.
(
Capital
Markets
)
.
7
32
Kuehne
+
Nagel
International
AG
,
Registered
Shares
(
Marine
Transportation
)
...............
9
96
Logitech
International
SA
,
Registered
Shares
(
Technology
Hardware,
Storage
&
Peripherals
)
................
9
1,626
Nestle
SA
,
Registered
Shares
(
Food
Products
)
....................
172
14
Partners
Group
Holding
AG
(
Capital
Markets
)
....................
20
18
Schindler
Holding
AG
,
Class
-
PC
(
Machinery
)
.................
5
19
Schindler
Holding
AG
,
Registered
Shares
(
Machinery
)
.................
5
88
SGS
SA
,
Registered
Shares
(
Professional
Services
)
(b)
..................
9
197
SIG
Group
AG
(
Containers
&
Packaging
)
(b)
4
94
Sika
AG
,
Registered
Shares
(
Chemicals
)
(b)
28
33
Sonova
Holding
AG
(
Health
Care
Equipment
&
Supplies
)
(b)
.......
10
404
STMicroelectronics
N.V.
(
Semiconductors
&
Semiconductor
Equipment
)
.....
17
67
Straumann
Holding
AG
,
Registered
Shares
(
Health
Care
Equipment
&
Supplies
)
11
18
Swiss
Life
Holding
AG
(
Insurance
)
.....
13
51
Swiss
Prime
Site
AG
,
Registered
Shares
(
Real
Estate
Management
&
Development
)
................
5
188
Swiss
Re
AG
(
Insurance
)
............
24
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Switzerland
(continued)
17
Swisscom
AG
,
Registered
Shares
(
Diversified
Telecommunication
Services
)
....................
$
10
35
Temenos
AG
,
Registered
Shares
(
Software
)
3
39
The
Swatch
Group
AG
(
Textiles,
Apparel
&
Luxury
Goods
)
...............
2
15
The
Swatch
Group
AG
,
Class
-
BR
(
Textiles,
Apparel
&
Luxury
Goods
)
.......
3
2,005
UBS
Group
AG
(
Capital
Markets
)
......
61
17
VAT
Group
AG
(
Machinery
)
..........
9
89
Zurich
Insurance
Group
AG
(
Insurance
)
..
48
830
United
Arab
Emirates
—
0
.00
%
118
NMC
Health
PLC
(
Health
Care
Providers
&
Services
)
(a)
(c)
................
—
United
Kingdom
—
3
.15
%
575
3i
Group
PLC
(
Capital
Markets
)
.......
20
1,208
abrdn
PLC
(
Capital
Markets
)
.........
2
145
Admiral
Group
PLC
(
Insurance
)
.......
5
390
Amcor
PLC
(
Containers
&
Packaging
)
...
4
590
Amcor
PLC
(
Containers
&
Packaging
)
...
6
791
Anglo
American
PLC
(
Metals
&
Mining
)
.
19
254
Ashtead
Group
PLC
(
Trading
Companies
&
Distributors
)
.................
18
190
Associated
British
Foods
PLC
(
Food
Products
)
....................
6
624
Auto
Trader
Group
PLC
(
Interactive
Media
&
Services
)
(b)
................
6
1,816
Aviva
PLC
(
Insurance
)
..............
11
8,715
Barclays
PLC
(
Banks
)
(b)
............
20
714
Barratt
Developments
PLC
(
Household
Durables
)
(b)
.................
4
82
Berkeley
Group
Holdings
PLC
(
Household
Durables
)
...................
5
10,432
BP
PLC
(
Oil,
Gas
&
Consumable
Fuels
)
.
65
3,512
BT
Group
PLC
(
Diversified
Telecommunication
Services
)
.....
5
188
Bunzl
PLC
(
Trading
Companies
&
Distributors
)
.................
7
214
Burberry
Group
PLC
(
Textiles,
Apparel
&
Luxury
Goods
)
(b)
.............
3
3,224
Centrica
PLC
(
Multi-Utilities
)
(b)
.......
5
563
CNH
Industrial
N.V.
(
Machinery
)
(a)
....
7
128
Coca-Cola
Europacific
Partners
PLC
(
Beverages
)
..................
9
1,062
Compass
Group
PLC
(
Hotels,
Restaurants
&
Leisure
)
....................
31
86
Croda
International
PLC
(
Chemicals
)
(b)
.
5
1,373
Diageo
PLC
(
Beverages
)
............
51
96
Endeavour
Mining
PLC
(
Metals
&
Mining
)
2
367
Entain
PLC
(
Hotels,
Restaurants
&
Leisure
)
(b)
..................
4
76
HC
CAPITAL
TRUST
The
Catholic
SRI
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
Kingdom
(continued)
119
Ferguson
PLC
(
Trading
Companies
&
Distributors
)
.................
$
26
4,002
Haleon
PLC
(
Personal
Care
Products
)
...
17
214
Halma
PLC
(
Electronic
Equipment,
Instruments
&
Components
)
......
6
176
Hargreaves
Lansdown
PLC
(
Capital
Markets
)
....................
2
11,548
HSBC
Holdings
PLC
(
Banks
)
.........
90
810
Informa
PLC
(
Media
)
...............
8
96
InterContinental
Hotels
Group
PLC
(
Hotels,
Restaurants
&
Leisure
)
..........
10
103
Intertek
Group
PLC
(
Professional
Services
)
6
842
J
Sainsbury
PLC
(
Consumer
Staples
Distribution
&
Retail
)
...........
3
1,475
JD
Sports
Fashion
PLC
(
Specialty
Retail
)
3
1,028
Kingfisher
PLC
(
Specialty
Retail
)
......
3
371
Land
Securities
Group
PLC
(
Diversified
REITs
)
.....................
3
3,513
Legal
&
General
Group
PLC
(
Insurance
)
.
11
148
Liberty
Global
Ltd.
,
Class
-
C
(
Diversified
Telecommunication
Services
)
(a)
...
3
39,516
Lloyds
Banking
Group
PLC
(
Banks
)
....
26
255
London
Stock
Exchange
Group
PLC
(
Capital
Markets
)
(b)
............
31
1,248
M&G
PLC
(
Financial
Services
)
........
3
242
Mondi
PLC
(
Paper
&
Forest
Products
)
...
4
2,264
National
Grid
PLC
(
Multi-Utilities
)
.....
30
3,158
NatWest
Group
PLC
(
Banks
)
(b)
.......
11
71
Next
PLC
(
Broadline
Retail
)
..........
8
363
Ocado
Group
PLC
(
Consumer
Staples
Distribution
&
Retail
)
(a)
(b)
......
2
399
Pearson
PLC
(
Diversified
Consumer
Services
)
....................
5
112
Pentair
PLC
(
Machinery
)
............
10
224
Persimmon
PLC
(
Household
Durables
)
..
4
650
Phoenix
Group
Holdings
PLC
(
Insurance
)
5
1,154
RELX
PLC
(
Professional
Services
)
.....
50
1,488
Rentokil
Initial
PLC
(
Commercial
Services
&
Supplies
)
..................
9
692
Rio
Tinto
PLC
(
Metals
&
Mining
)
......
44
400
Schroders
PLC
(
Capital
Markets
)
......
2
641
Segro
PLC
(
Industrial
REITs
)
.........
7
175
Severn
Trent
PLC
(
Water
Utilities
)
(b)
...
5
3,892
Shell
PLC
(
Oil,
Gas
&
Consumable
Fuels
)
130
601
Smith
&
Nephew
PLC
(
Health
Care
Equipment
&
Supplies
)
.........
8
219
Smiths
Group
PLC
(
Industrial
Conglomerates
)
...............
5
51
Spirax-Sarco
Engineering
PLC
(
Machinery
)
6
624
SSE
PLC
(
Electric
Utilities
)
..........
13
360
St.
James's
Place
PLC
(
Capital
Markets
)
.
2
1,286
Standard
Chartered
PLC
(
Banks
)
.......
11
2,660
Taylor
Wimpey
PLC
(
Household
Durables
)
(b)
.................
5
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
Kingdom
(continued)
4,044
Tesco
PLC
(
Consumer
Staples
Distribution
&
Retail
)
....................
$
15
633
The
Sage
Group
PLC
(
Software
)
.......
10
1,521
Unilever
PLC
(
Personal
Care
Products
)
..
76
407
United
Utilities
Group
PLC
(
Water
Utilities
)
5
13,027
Vodafone
Group
PLC
(
Wireless
Telecommunication
Services
)
.....
12
107
Whitbread
PLC
(
Hotels,
Restaurants
&
Leisure
)
....................
4
64
Willis
Towers
Watson
PLC
(
Insurance
)
..
18
409
Wise
PLC
,
Class
-
A
(
Financial
Services
)
(a)
5
616
WPP
PLC
(
Media
)
.................
6
1,098
United
States
—
69
.71
%
72
A.O.
Smith
Corp.
(
Building
Products
)
...
6
273
Adobe,
Inc.
(
Software
)
(a)
............
138
982
Advanced
Micro
Devices,
Inc.
(
Semiconductors
&
Semiconductor
Equipment
)
(a)
................
177
74
AECOM
(
Construction
&
Engineering
)
..
7
345
Aflac,
Inc.
(
Insurance
)
..............
30
181
Agilent
Technologies,
Inc.
(
Life
Sciences
Tools
&
Services
)
..............
26
136
Air
Products
and
Chemicals,
Inc.
(
Chemicals
)
..................
33
261
Airbnb,
Inc.
,
Class
-
A
(
Hotels,
Restaurants
&
Leisure
)
(a)
.................
43
86
Akamai
Technologies,
Inc.
(
IT
Services
)
(a)
9
65
Albemarle
Corp.
(
Chemicals
)
.........
9
193
Albertsons
Cos.,
Inc.
,
Class
-
A
(
Consumer
Staples
Distribution
&
Retail
)
.....
4
95
Alexandria
Real
Estate
Equities,
Inc.
(
Office
REITs
)
.....................
12
43
Align
Technology,
Inc.
(
Health
Care
Equipment
&
Supplies
)
(a)
.......
14
138
Alliant
Energy
Corp.
(
Electric
Utilities
)
..
7
177
Ally
Financial,
Inc.
(
Consumer
Finance
)
.
7
73
Alnylam
Pharmaceuticals,
Inc.
(
Biotechnology
)
(a)
.............
11
3,584
Alphabet,
Inc.
,
Class
-
A
(
Interactive
Media
&
Services
)
(a)
................
541
3,127
Alphabet,
Inc.
,
Class
-
C
(
Interactive
Media
&
Services
)
(a)
................
476
5,634
Amazon.com,
Inc.
(
Broadline
Retail
)
(a)
..
1,017
141
Ameren
Corp.
(
Multi-Utilities
)
........
10
313
American
Electric
Power
Co.,
Inc.
(
Electric
Utilities
)
....................
27
347
American
Express
Co.
(
Consumer
Finance
)
79
53
American
Financial
Group,
Inc.
(
Insurance
)
7
192
American
Homes
4
Rent
,
Class
-
A
(
Residential
REITs
)
............
7
422
American
International
Group,
Inc.
(
Insurance
)
..................
33
285
American
Tower
Corp.
(
Specialized
REITs
)
56
77
HC
CAPITAL
TRUST
The
Catholic
SRI
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
States
(continued)
125
American
Water
Works
Co.,
Inc.
(
Water
Utilities
)
....................
$
15
64
Ameriprise
Financial,
Inc.
(
Capital
Markets
)
28
133
AMETEK,
Inc.
(
Electrical
Equipment
)
...
24
364
Amphenol
Corp.
,
Class
-
A
(
Electronic
Equipment,
Instruments
&
Components
)
.................
42
300
Analog
Devices,
Inc.
(
Semiconductors
&
Semiconductor
Equipment
)
.......
59
278
Annaly
Capital
Management,
Inc.
(
Mortgage
Real
Estate
Investment
Trusts
(REITs)
)
...................
5
50
ANSYS,
Inc.
(
Software
)
(a)
...........
17
124
Aon
PLC
,
Class
-
A
(
Insurance
)
........
41
174
APA
Corp.
(
Oil,
Gas
&
Consumable
Fuels
)
6
243
Apollo
Global
Management,
Inc.
(
Financial
Services
)
....................
27
8,901
Apple,
Inc.
(
Technology
Hardware,
Storage
&
Peripherals
)
................
1,527
506
Applied
Materials,
Inc.
(
Semiconductors
&
Semiconductor
Equipment
)
.......
104
124
AppLovin
Corp.
,
Class
-
A
(
Software
)
(a)
.
9
330
Archer-Daniels-Midland
Co.
(
Food
Products
)
....................
21
100
Ares
Management
Corp.
,
Class
-
A
(
Capital
Markets
)
....................
13
160
Arista
Networks,
Inc.
(
Communications
Equipment
)
(a)
................
46
132
Arthur
J.
Gallagher
&
Co.
(
Insurance
)
...
33
19
Aspen
Technology,
Inc.
(
Software
)
(a)
...
4
30
Assurant,
Inc.
(
Insurance
)
............
6
4,353
AT&T,
Inc.
(
Diversified
Telecommunication
Services
)
....................
77
98
Atmos
Energy
Corp.
(
Gas
Utilities
)
.....
12
132
Autodesk,
Inc.
(
Software
)
(a)
..........
34
251
Automatic
Data
Processing,
Inc.
(
Professional
Services
)
..........
63
11
AutoZone,
Inc.
(
Specialty
Retail
)
(a)
.....
35
79
AvalonBay
Communities,
Inc.
(
Residential
REITs
)
.....................
15
427
Avantor,
Inc.
(
Life
Sciences
Tools
&
Services
)
(a)
..................
11
40
Avery
Dennison
Corp.
(
Containers
&
Packaging
)
..................
9
45
Axon
Enterprise,
Inc.
(
Aerospace
&
Defense
)
(a)
..................
14
622
Baker
Hughes
Co.
(
Energy
Equipment
&
Services
)
....................
21
183
Ball
Corp.
(
Containers
&
Packaging
)
....
12
4,298
Bank
of
America
Corp.
(
Banks
)
........
163
119
Bath
&
Body
Works,
Inc.
(
Specialty
Retail
)
6
318
Baxter
International,
Inc.
(
Health
Care
Equipment
&
Supplies
)
.........
14
120
Bentley
Systems,
Inc.
,
Class
-
B
(
Software
)
6
788
Berkshire
Hathaway,
Inc.
,
Class
-
B
(
Financial
Services
)
(a)
..........
331
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
States
(continued)
129
Best
Buy
Co.,
Inc.
(
Specialty
Retail
)
....
$
11
59
BILL
Holdings,
Inc.
(
Software
)
(a)
......
4
98
Bio-Techne
Corp.
(
Life
Sciences
Tools
&
Services
)
....................
7
91
BlackRock,
Inc.
(
Capital
Markets
)
......
76
432
Blackstone,
Inc.
(
Capital
Markets
)
......
57
339
Block,
Inc.
(
Financial
Services
)
(a)
......
29
21
Booking
Holdings,
Inc.
(
Hotels,
Restaurants
&
Leisure
)
(a)
.................
76
79
Booz
Allen
Hamilton
Holding
Corp.
(
Professional
Services
)
..........
12
123
BorgWarner,
Inc.
(
Automobile
Components
)
4
80
Boston
Properties,
Inc.
(
Office
REITs
)
...
5
894
Boston
Scientific
Corp.
(
Health
Care
Equipment
&
Supplies
)
(a)
.......
61
269
Broadcom,
Inc.
(
Semiconductors
&
Semiconductor
Equipment
)
.......
357
69
Broadridge
Financial
Solutions,
Inc.
(
Professional
Services
)
..........
14
63
Brookfield
Renewable
Corp.
,
Class
-
A
(
Independent
Power
and
Renewable
Electricity
Producers
)
(b)
.........
2
135
Brown
&
Brown,
Inc.
(
Insurance
)
......
12
178
Brown-Forman
Corp.
,
Class
-
B
(
Beverages
)
9
74
Builders
FirstSource,
Inc.
(
Building
Products
)
(a)
..................
15
85
Bunge
Global
SA
(
Food
Products
)
......
9
36
Burlington
Stores,
Inc.
(
Specialty
Retail
)
(a)
8
69
C.H.
Robinson
Worldwide,
Inc.
(
Air
Freight
&
Logistics
)
.................
5
166
Cadence
Design
Systems,
Inc.
(
Software
)
(a)
52
129
Caesars
Entertainment,
Inc.
(
Hotels,
Restaurants
&
Leisure
)
(a)
........
6
61
Camden
Property
Trust
(
Residential
REITs
)
6
104
Campbell
Soup
Co.
(
Food
Products
)
....
5
235
Capital
One
Financial
Corp.
(
Consumer
Finance
)
....................
35
156
Cardinal
Health,
Inc.
(
Health
Care
Providers
&
Services
)
..................
17
31
Carlisle
Cos.,
Inc.
(
Building
Products
)
...
12
94
CarMax,
Inc.
(
Specialty
Retail
)
(a)
......
8
594
Carnival
Corp.
(
Hotels,
Restaurants
&
Leisure
)
(a)
..................
10
497
Carrier
Global
Corp.
(
Building
Products
)
.
29
310
Caterpillar,
Inc.
(
Machinery
)
..........
114
62
Cboe
Global
Markets,
Inc.
(
Capital
Markets
)
11
195
CBRE
Group,
Inc.
,
Class
-
A
(
Real
Estate
Management
&
Development
)
(a)
...
19
83
CDW
Corp.
(
Electronic
Equipment,
Instruments
&
Components
)
......
21
66
Celanese
Corp.
(
Chemicals
)
..........
11
89
Celsius
Holdings,
Inc.
(
Beverages
)
(a)
...
7
105
Cencora,
Inc.
(
Health
Care
Providers
&
Services
)
....................
26
334
Centene
Corp.
(
Health
Care
Providers
&
Services
)
(a)
..................
26
78
HC
CAPITAL
TRUST
The
Catholic
SRI
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
States
(continued)
399
CenterPoint
Energy,
Inc.
(
Multi-Utilities
)
.
$
11
112
CF
Industries
Holdings,
Inc.
(
Chemicals
)
.
9
60
Charter
Communications,
Inc.
,
Class
-
A
(
Media
)
(a)
...................
17
146
Cheniere
Energy,
Inc.
(
Oil,
Gas
&
Consumable
Fuels
)
.............
24
65
Chesapeake
Energy
Corp.
(
Oil,
Gas
&
Consumable
Fuels
)
.............
6
1,079
Chevron
Corp.
(
Oil,
Gas
&
Consumable
Fuels
)
......................
170
17
Chipotle
Mexican
Grill,
Inc.
(
Hotels,
Restaurants
&
Leisure
)
(a)
........
49
90
Cincinnati
Financial
Corp.
(
Insurance
)
...
11
53
Cintas
Corp.
(
Commercial
Services
&
Supplies
)
....................
36
2,456
Cisco
Systems,
Inc.
(
Communications
Equipment
)
..................
123
1,144
Citigroup,
Inc.
(
Banks
)
..............
72
307
Citizens
Financial
Group,
Inc.
(
Banks
)
...
11
286
Cleveland-Cliffs,
Inc.
(
Metals
&
Mining
)
(a)
7
188
Cloudflare,
Inc.
,
Class
-
A
(
IT
Services
)
(a)
18
218
CME
Group,
Inc.
(
Capital
Markets
)
.....
47
133
CMS
Energy
Corp.
(
Multi-Utilities
)
.....
8
303
Cognizant
Technology
Solutions
Corp.
,
Class
-
A
(
IT
Services
)
..........
22
108
Coinbase
Global,
Inc.
,
Class
-
A
(
Capital
Markets
)
(a)
..................
29
476
Colgate-Palmolive
Co.
(
Household
Products
)
....................
43
2,426
Comcast
Corp.
,
Class
-
A
(
Media
)
......
105
307
Conagra
Brands,
Inc.
(
Food
Products
)
...
9
148
Confluent,
Inc.
,
Class
-
A
(
Software
)
(a)
..
5
728
ConocoPhillips
(
Oil,
Gas
&
Consumable
Fuels
)
......................
93
209
Consolidated
Edison,
Inc.
(
Multi-Utilities
)
19
102
Constellation
Brands,
Inc.
,
Class
-
A
(
Beverages
)
..................
28
196
Constellation
Energy
Corp.
(
Electric
Utilities
)
....................
36
534
Copart,
Inc.
(
Commercial
Services
&
Supplies
)
(a)
..................
31
127
Corebridge
Financial,
Inc.
(
Financial
Services
)
....................
4
41
Corpay,
Inc.
(
Software
)
(a)
............
13
434
Corteva,
Inc.
(
Chemicals
)
............
25
255
CoStar
Group,
Inc.
(
Real
Estate
Management
&
Development
)
(a)
...
25
269
Costco
Wholesale
Corp.
(
Consumer
Staples
Distribution
&
Retail
)
...........
197
424
Coterra
Energy,
Inc.
(
Oil,
Gas
&
Consumable
Fuels
)
.............
12
138
Crowdstrike
Holdings,
Inc.
,
Class
-
A
(
Software
)
(a)
.................
44
266
Crown
Castle,
Inc.
(
Specialized
REITs
)
..
28
72
Crown
Holdings,
Inc.
(
Containers
&
Packaging
)
..................
6
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
States
(continued)
1,213
CSX
Corp.
(
Ground
Transportation
)
....
$
45
88
Cummins,
Inc.
(
Machinery
)
..........
26
784
CVS
Health
Corp.
(
Health
Care
Providers
&
Services
)
....................
63
187
D.R.
Horton,
Inc.
(
Household
Durables
)
..
31
78
Darden
Restaurants,
Inc.
(
Hotels,
Restaurants
&
Leisure
)
..........
13
86
Darling
Ingredients,
Inc.
(
Food
Products
)
(a)
4
163
Datadog,
Inc.
,
Class
-
A
(
Software
)
(a)
...
20
30
DaVita,
Inc.
(
Health
Care
Providers
&
Services
)
(a)
..................
4
88
Dayforce,
Inc.
(
Professional
Services
)
(a)
.
6
15
Deckers
Outdoor
Corp.
(
Textiles,
Apparel
&
Luxury
Goods
)
(a)
.............
14
162
Deere
&
Co.
(
Machinery
)
............
67
144
Dell
Technologies,
Inc.
,
Class
-
C
(
Technology
Hardware,
Storage
&
Peripherals
)
..................
16
79
Delta
Air
Lines,
Inc.
(
Passenger
Airlines
)
.
4
400
Devon
Energy
Corp.
(
Oil,
Gas
&
Consumable
Fuels
)
.............
20
238
Dexcom,
Inc.
(
Health
Care
Equipment
&
Supplies
)
(a)
..................
33
104
Diamondback
Energy,
Inc.
(
Oil,
Gas
&
Consumable
Fuels
)
.............
21
38
Dick's
Sporting
Goods,
Inc.
(
Specialty
Retail
)
......................
9
185
Digital
Realty
Trust,
Inc.
(
Specialized
REITs
)
.....................
27
153
Discover
Financial
Services
(
Consumer
Finance
)
....................
20
124
DocuSign,
Inc.
(
Software
)
(a)
..........
7
134
Dollar
General
Corp.
(
Consumer
Staples
Distribution
&
Retail
)
...........
21
129
Dollar
Tree,
Inc.
(
Consumer
Staples
Distribution
&
Retail
)
(a)
.........
17
514
Dominion
Energy,
Inc.
(
Multi-Utilities
)
..
25
20
Domino's
Pizza,
Inc.
(
Hotels,
Restaurants
&
Leisure
)
....................
10
152
DoorDash,
Inc.
,
Class
-
A
(
Hotels,
Restaurants
&
Leisure
)
(a)
........
21
91
Dover
Corp.
(
Machinery
)
............
16
439
Dow,
Inc.
(
Chemicals
)
..............
25
248
DraftKings,
Inc.
(
Hotels,
Restaurants
&
Leisure
)
(a)
..................
11
162
Dropbox,
Inc.
,
Class
-
A
(
Software
)
(a)
...
4
129
DTE
Energy
Co.
(
Multi-Utilities
)
......
14
469
Duke
Energy
Corp.
(
Electric
Utilities
)
...
45
254
DuPont
de
Nemours,
Inc.
(
Chemicals
)
...
19
159
Dynatrace,
Inc.
(
Software
)
(a)
.........
7
70
Eastman
Chemical
Co.
(
Chemicals
)
.....
7
242
Eaton
Corp.
PLC
(
Electrical
Equipment
)
.
76
300
eBay,
Inc.
(
Broadline
Retail
)
..........
16
156
Ecolab,
Inc.
(
Chemicals
)
.............
36
239
Edison
International
(
Electric
Utilities
)
..
17
79
HC
CAPITAL
TRUST
The
Catholic
SRI
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
States
(continued)
373
Edwards
Lifesciences
Corp.
(
Health
Care
Equipment
&
Supplies
)
(a)
.......
$
36
157
Electronic
Arts,
Inc.
(
Entertainment
)
....
21
140
Elevance
Health,
Inc.
(
Health
Care
Providers
&
Services
)
...........
73
349
Emerson
Electric
Co.
(
Electrical
Equipment
)
40
81
Enphase
Energy,
Inc.
(
Semiconductors
&
Semiconductor
Equipment
)
(a)
.....
10
91
Entegris,
Inc.
(
Semiconductors
&
Semiconductor
Equipment
)
.......
13
107
Entergy
Corp.
(
Electric
Utilities
)
.......
11
356
EOG
Resources,
Inc.
(
Oil,
Gas
&
Consumable
Fuels
)
.............
46
34
EPAM
Systems,
Inc.
(
IT
Services
)
(a)
....
9
239
EQT
Corp.
(
Oil,
Gas
&
Consumable
Fuels
)
9
75
Equifax,
Inc.
(
Professional
Services
)
....
20
57
Equinix,
Inc.
(
Specialized
REITs
)
......
47
226
Equitable
Holdings,
Inc.
(
Financial
Services
)
....................
9
100
Equity
LifeStyle
Properties,
Inc.
(
Residential
REITs
)
............
6
226
Equity
Residential
(
Residential
REITs
)
..
14
15
Erie
Indemnity
Co.
,
Class
-
A
(
Insurance
)
.
6
147
Essential
Utilities,
Inc.
(
Water
Utilities
)
..
5
36
Essex
Property
Trust,
Inc.
(
Residential
REITs
)
.....................
9
75
Etsy,
Inc.
(
Broadline
Retail
)
(a)
........
5
157
Evergy,
Inc.
(
Electric
Utilities
)
........
8
218
Eversource
Energy
(
Electric
Utilities
)
...
13
107
Exact
Sciences
Corp.
(
Biotechnology
)
(a)
.
7
606
Exelon
Corp.
(
Electric
Utilities
)
.......
23
83
Expedia
Group,
Inc.
(
Hotels,
Restaurants
&
Leisure
)
(a)
..................
11
88
Expeditors
International
of
Washington,
Inc.
(
Air
Freight
&
Logistics
)
........
11
131
Extra
Space
Storage,
Inc.
(
Specialized
REITs
)
.....................
19
2,409
Exxon
Mobil
Corp.
(
Oil,
Gas
&
Consumable
Fuels
)
......................
280
33
F5,
Inc.
(
Communications
Equipment
)
(a)
.
6
23
FactSet
Research
Systems,
Inc.
(
Capital
Markets
)
....................
10
15
Fair
Isaac
Corp.
(
Software
)
(a)
.........
19
352
Fastenal
Co.
(
Trading
Companies
&
Distributors
)
.................
27
146
FedEx
Corp.
(
Air
Freight
&
Logistics
)
...
42
168
Fidelity
National
Financial,
Inc.
(
Insurance
)
9
367
Fidelity
National
Information
Services,
Inc.
(
Financial
Services
)
............
27
429
Fifth
Third
Bancorp
(
Banks
)
..........
16
6
First
Citizens
BancShares,
Inc.
,
Class
-
A
(
Banks
)
.....................
10
57
First
Solar,
Inc.
(
Semiconductors
&
Semiconductor
Equipment
)
(a)
.....
10
315
FirstEnergy
Corp.
(
Electric
Utilities
)
....
12
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
States
(continued)
354
Fiserv,
Inc.
(
Financial
Services
)
(a)
......
$
57
77
FMC
Corp.
(
Chemicals
)
.............
5
2,412
Ford
Motor
Co.
(
Automobiles
)
........
32
408
Fortinet,
Inc.
(
Software
)
(a)
...........
28
218
Fortive
Corp.
(
Machinery
)
...........
19
89
Fortune
Brands
Innovations,
Inc.
(
Building
Products
)
....................
8
111
Fox
Corp.
,
Class
-
A
(
Media
)
..........
3
112
Fox
Corp.
,
Class
-
B
(
Media
)
.........
3
199
Franklin
Resources,
Inc.
(
Capital
Markets
)
6
884
Freeport-McMoRan,
Inc.
(
Metals
&
Mining
)
42
180
Gaming
and
Leisure
Properties,
Inc.
(
Specialized
REITs
)
............
8
48
Gartner,
Inc.
(
IT
Services
)
(a)
..........
23
255
GE
HealthCare
Technologies,
Inc.
(
Health
Care
Equipment
&
Supplies
)
......
23
357
Gen
Digital,
Inc.
(
Software
)
..........
8
356
General
Mills,
Inc.
(
Food
Products
)
.....
25
845
General
Motors
Co.
(
Automobiles
)
.....
38
88
Genuine
Parts
Co.
(
Distributors
)
.......
14
160
Global
Payments,
Inc.
(
Financial
Services
)
21
60
Globe
Life,
Inc.
(
Insurance
)
..........
7
87
GoDaddy,
Inc.
,
Class
-
A
(
IT
Services
)
(a)
.
10
105
Graco,
Inc.
(
Machinery
)
.............
10
555
Halliburton
Co.
(
Energy
Equipment
&
Services
)
....................
22
79
Hasbro,
Inc.
(
Leisure
Products
)
........
4
124
HCA
Healthcare,
Inc.
(
Health
Care
Providers
&
Services
)
...........
41
392
Healthpeak
Properties,
Inc.
(
Health
Care
REITs
)
.....................
7
31
HEICO
Corp.
(
Aerospace
&
Defense
)
...
6
39
HEICO
Corp.
,
Class
-
A
(
Aerospace
&
Defense
)
....................
6
72
Henry
Schein,
Inc.
(
Health
Care
Providers
&
Services
)
(a)
..................
5
170
Hess
Corp.
(
Oil,
Gas
&
Consumable
Fuels
)
26
825
Hewlett
Packard
Enterprise
Co.
(
Technology
Hardware,
Storage
&
Peripherals
)
..
15
90
HF
Sinclair
Corp.
(
Oil,
Gas
&
Consumable
Fuels
)
......................
5
149
Hilton
Worldwide
Holdings,
Inc.
(
Hotels,
Restaurants
&
Leisure
)
..........
32
161
Hologic,
Inc.
(
Health
Care
Equipment
&
Supplies
)
(a)
..................
13
187
Hormel
Foods
Corp.
(
Food
Products
)
....
7
454
Host
Hotels
&
Resorts,
Inc.
(
Hotel
&
Resort
REITs
)
.....................
9
227
Howmet
Aerospace,
Inc.
(
Aerospace
&
Defense
)
....................
16
566
HP,
Inc.
(
Technology
Hardware,
Storage
&
Peripherals
)
..................
17
31
Hubbell,
Inc.
(
Electrical
Equipment
)
....
13
30
HubSpot,
Inc.
(
Software
)
(a)
..........
19
80
HC
CAPITAL
TRUST
The
Catholic
SRI
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
States
(continued)
76
Humana,
Inc.
(
Health
Care
Providers
&
Services
)
....................
$
26
931
Huntington
Bancshares,
Inc.
(
Banks
)
....
13
32
Hyatt
Hotels
Corp.
,
Class
-
A
(
Hotels,
Restaurants
&
Leisure
)
..........
5
45
IDEX
Corp.
(
Machinery
)
............
11
51
IDEXX
Laboratories,
Inc.
(
Health
Care
Equipment
&
Supplies
)
(a)
.......
28
181
Illinois
Tool
Works,
Inc.
(
Machinery
)
....
49
114
Incyte
Corp.
(
Biotechnology
)
(a)
.......
6
254
Ingersoll
Rand,
Inc.
(
Machinery
)
.......
24
40
Insulet
Corp.
(
Health
Care
Equipment
&
Supplies
)
(a)
..................
7
2,572
Intel
Corp.
(
Semiconductors
&
Semiconductor
Equipment
)
.......
114
346
Intercontinental
Exchange,
Inc.
(
Capital
Markets
)
....................
48
553
International
Business
Machines
Corp.
(
IT
Services
)
....................
106
159
International
Flavors
&
Fragrances,
Inc.
(
Chemicals
)
..................
14
182
International
Paper
Co.
(
Containers
&
Packaging
)
..................
7
168
Intuit,
Inc.
(
Software
)
...............
109
214
Intuitive
Surgical,
Inc.
(
Health
Care
Equipment
&
Supplies
)
(a)
.......
85
333
Invitation
Homes,
Inc.
(
Residential
REITs
)
12
112
IQVIA
Holdings,
Inc.
(
Life
Sciences
Tools
&
Services
)
(a)
................
28
168
Iron
Mountain,
Inc.
(
Specialized
REITs
)
.
13
73
Jabil,
Inc.
(
Electronic
Equipment,
Instruments
&
Components
)
......
10
39
Jack
Henry
&
Associates,
Inc.
(
Financial
Services
)
....................
7
70
Jacobs
Solutions,
Inc.
(
Professional
Services
)
....................
11
34
Jazz
Pharmaceuticals
PLC
(
Pharmaceuticals
)
(a)
...........
4
52
JB
Hunt
Transport
Services,
Inc.
(
Ground
Transportation
)
...............
10
1,744
JPMorgan
Chase
&
Co.
(
Banks
)
.......
349
197
Juniper
Networks,
Inc.
(
Communications
Equipment
)
..................
7
155
Kellanova
(
Food
Products
)
...........
9
1,078
Kenvue,
Inc.
(
Personal
Care
Products
)
...
23
651
Keurig
Dr.
Pepper,
Inc.
(
Beverages
)
.....
20
555
KeyCorp
(
Banks
)
..................
9
115
Keysight
Technologies,
Inc.
(
Electronic
Equipment,
Instruments
&
Components
)
(a)
...............
18
209
Kimberly-Clark
Corp.
(
Household
Products
)
27
388
Kimco
Realty
Corp.
(
Retail
REITs
)
.....
8
1,232
Kinder
Morgan,
Inc.
(
Oil,
Gas
&
Consumable
Fuels
)
.............
23
352
KKR
&
Co.,
Inc.
(
Capital
Markets
)
.....
35
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
States
(continued)
82
KLA
Corp.
(
Semiconductors
&
Semiconductor
Equipment
)
.......
$
57
105
Knight-Swift
Transportation
Holdings,
Inc.
(
Ground
Transportation
)
.........
6
47
Laboratory
Corp.
of
America
Holdings
(
Health
Care
Providers
&
Services
)
.
10
80
Lam
Research
Corp.
(
Semiconductors
&
Semiconductor
Equipment
)
.......
78
92
Lamb
Weston
Holdings,
Inc.
(
Food
Products
)
....................
10
237
Las
Vegas
Sands
Corp.
(
Hotels,
Restaurants
&
Leisure
)
...................
12
97
Lattice
Semiconductor
Corp.
(
Semiconductors
&
Semiconductor
Equipment
)
(a)
................
8
34
Lear
Corp.
(
Automobile
Components
)
...
5
146
Lennar
Corp.
,
Class
-
A
(
Household
Durables
)
...................
25
19
Lennox
International,
Inc.
(
Building
Products
)
....................
9
72
Liberty
Broadband
Corp.
,
Class
-
C
(
Media
)
(a)
...................
4
114
Liberty
Media
Corp.-Liberty
Formula
One
(
Entertainment
)
(a)
.............
7
90
Liberty
Media
Corp.-Liberty
SiriusXM
(
Media
)
(a)
...................
3
289
Linde
PLC
(
Chemicals
)
.............
134
93
Live
Nation
Entertainment,
Inc.
(
Entertainment
)
(a)
.............
10
152
LKQ
Corp.
(
Distributors
)
............
8
142
Loews
Corp.
(
Insurance
)
.............
11
345
Lowe's
Cos.,
Inc.
(
Specialty
Retail
)
.....
88
44
LPL
Financial
Holdings,
Inc.
(
Capital
Markets
)
....................
12
163
LyondellBasell
Industries
N.V.
,
Class
-
A
(
Chemicals
)
..................
17
105
M&T
Bank
Corp.
(
Banks
)
............
15
35
Manhattan
Associates,
Inc.
(
Software
)
(a)
.
9
322
Marathon
Oil
Corp.
(
Oil,
Gas
&
Consumable
Fuels
)
.............
9
227
Marathon
Petroleum
Corp.
(
Oil,
Gas
&
Consumable
Fuels
)
.............
46
8
Markel
Group,
Inc.
(
Insurance
)
(a)
......
12
23
MarketAxess
Holdings,
Inc.
(
Capital
Markets
)
....................
5
149
Marriott
International,
Inc.
,
Class
-
A
(
Hotels,
Restaurants
&
Leisure
)
....
38
301
Marsh
&
McLennan
Cos.,
Inc.
(
Insurance
)
62
38
Martin
Marietta
Materials,
Inc.
(
Construction
Materials
)
.........
23
525
Marvell
Technology,
Inc.
(
Semiconductors
&
Semiconductor
Equipment
)
.....
37
131
Masco
Corp.
(
Building
Products
)
.......
10
504
Mastercard,
Inc.
,
Class
-
A
(
Financial
Services
)
....................
243
143
Match
Group,
Inc.
(
Interactive
Media
&
Services
)
(a)
..................
5
81
HC
CAPITAL
TRUST
The
Catholic
SRI
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
States
(continued)
145
McCormick
&
Co.,
Inc.
(
Food
Products
)
.
$
11
435
McDonald's
Corp.
(
Hotels,
Restaurants
&
Leisure
)
....................
123
1,346
Meta
Platforms,
Inc.
,
Class
-
A
(
Interactive
Media
&
Services
)
.............
655
393
MetLife,
Inc.
(
Insurance
)
............
29
14
Mettler-Toledo
International,
Inc.
(
Life
Sciences
Tools
&
Services
)
(a)
.....
19
169
MGM
Resorts
International
(
Hotels,
Restaurants
&
Leisure
)
(a)
........
8
329
Microchip
Technology,
Inc.
(
Semiconductors
&
Semiconductor
Equipment
)
..................
30
667
Micron
Technology,
Inc.
(
Semiconductors
&
Semiconductor
Equipment
)
.......
79
4,273
Microsoft
Corp.
(
Software
)
...........
1,799
66
Mid-America
Apartment
Communities,
Inc.
(
Residential
REITs
)
............
9
36
Molina
Healthcare,
Inc.
(
Health
Care
Providers
&
Services
)
(a)
.........
15
103
Molson
Coors
Beverage
Co.
,
Class
-
B
(
Beverages
)
..................
7
827
Mondelez
International,
Inc.
,
Class
-
A
(
Food
Products
)
...............
58
44
MongoDB,
Inc.
(
IT
Services
)
(a)
.......
16
28
Monolithic
Power
Systems,
Inc.
(
Semiconductors
&
Semiconductor
Equipment
)
..................
19
483
Monster
Beverage
Corp.
(
Beverages
)
(a)
..
29
100
Moody's
Corp.
(
Capital
Markets
)
.......
39
757
Morgan
Stanley
(
Capital
Markets
)
......
71
101
Motorola
Solutions,
Inc.
(
Communications
Equipment
)
..................
36
48
MSCI,
Inc.
(
Capital
Markets
)
.........
27
197
Nasdaq,
Inc.
(
Capital
Markets
)
........
12
135
NetApp,
Inc.
(
Technology
Hardware,
Storage
&
Peripherals
)
..........
14
264
Netflix,
Inc.
(
Entertainment
)
(a)
........
160
59
Neurocrine
Biosciences,
Inc.
(
Biotechnology
)
(a)
.............
8
724
Newmont
Corp.
(
Metals
&
Mining
)
.....
26
235
News
Corp.
,
Class
-
A
(
Media
)
........
6
1,250
NextEra
Energy,
Inc.
(
Electric
Utilities
)
..
80
747
NIKE,
Inc.
,
Class
-
B
(
Textiles,
Apparel
&
Luxury
Goods
)
...............
70
304
NiSource,
Inc.
(
Multi-Utilities
)
........
8
38
Nordson
Corp.
(
Machinery
)
..........
10
138
Norfolk
Southern
Corp.
(
Ground
Transportation
)
...............
35
131
Northern
Trust
Corp.
(
Capital
Markets
)
..
12
124
NRG
Energy,
Inc.
(
Electric
Utilities
)
....
8
153
Nucor
Corp.
(
Metals
&
Mining
)
.......
30
1,497
NVIDIA
Corp.
(
Semiconductors
&
Semiconductor
Equipment
)
.......
1,354
2
NVR,
Inc.
(
Household
Durables
)
(a)
.....
16
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
States
(continued)
405
Occidental
Petroleum
Corp.
(
Oil,
Gas
&
Consumable
Fuels
)
.............
$
26
92
Okta,
Inc.
(
IT
Services
)
(a)
............
10
120
Old
Dominion
Freight
Line,
Inc.
(
Ground
Transportation
)
...............
26
125
Omnicom
Group,
Inc.
(
Media
)
........
12
263
ON
Semiconductor
Corp.
(
Semiconductors
&
Semiconductor
Equipment
)
(a)
...
19
364
ONEOK,
Inc.
(
Oil,
Gas
&
Consumable
Fuels
)
......................
29
999
Oracle
Corp.
(
Software
)
.............
125
36
O'Reilly
Automotive,
Inc.
(
Specialty
Retail
)
(a)
....................
41
237
Otis
Worldwide
Corp.
(
Machinery
)
.....
24
147
Ovintiv,
Inc.
(
Oil,
Gas
&
Consumable
Fuels
)
8
54
Owens
Corning
(
Building
Products
)
....
9
320
PACCAR,
Inc.
(
Machinery
)
..........
40
51
Packaging
Corp.
of
America
(
Containers
&
Packaging
)
..................
10
1,126
Palantir
Technologies,
Inc.
,
Class
-
A
(
Software
)
(a)
.................
26
194
Palo
Alto
Networks,
Inc.
(
Software
)
(a)
...
55
291
Paramount
Global
,
Class
-
B
(
Media
)
....
3
79
Parker-Hannifin
Corp.
(
Machinery
)
.....
44
201
Paychex,
Inc.
(
Professional
Services
)
....
25
30
Paycom
Software,
Inc.
(
Professional
Services
)
....................
6
26
Paylocity
Holding
Corp.
(
Professional
Services
)
(a)
..................
4
642
PayPal
Holdings,
Inc.
(
Financial
Services
)
(a)
..................
43
835
PepsiCo,
Inc.
(
Beverages
)
............
146
1,247
PG&E
Corp.
(
Electric
Utilities
)
........
21
271
Phillips
66
(
Oil,
Gas
&
Consumable
Fuels
)
44
344
Pinterest,
Inc.
,
Class
-
A
(
Interactive
Media
&
Services
)
(a)
................
12
142
Pioneer
Natural
Resources
Co.
(
Oil,
Gas
&
Consumable
Fuels
)
.............
37
25
Pool
Corp.
(
Distributors
)
............
10
146
PPG
Industries,
Inc.
(
Chemicals
)
.......
21
463
PPL
Corp.
(
Electric
Utilities
)
..........
13
154
Principal
Financial
Group,
Inc.
(
Insurance
)
13
564
Prologis,
Inc.
(
Industrial
REITs
)
.......
73
226
Prudential
Financial,
Inc.
(
Insurance
)
....
27
76
PTC,
Inc.
(
Software
)
(a)
.............
14
288
Public
Service
Enterprise
Group,
Inc.
(
Multi-Utilities
)
...............
19
97
Public
Storage
(
Specialized
REITs
)
.....
28
131
PulteGroup,
Inc.
(
Household
Durables
)
..
16
54
Qorvo,
Inc.
(
Semiconductors
&
Semiconductor
Equipment
)
(a)
.....
6
669
QUALCOMM,
Inc.
(
Semiconductors
&
Semiconductor
Equipment
)
.......
113
89
Quanta
Services,
Inc.
(
Construction
&
Engineering
)
.................
23
82
HC
CAPITAL
TRUST
The
Catholic
SRI
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
States
(continued)
62
Quest
Diagnostics,
Inc.
(
Health
Care
Providers
&
Services
)
...........
$
8
114
Raymond
James
Financial,
Inc.
(
Capital
Markets
)
....................
15
100
RB
Global,
Inc.
(
Commercial
Services
&
Supplies
)
....................
8
484
Realty
Income
Corp.
(
Retail
REITs
)
.....
26
95
Regency
Centers
Corp.
(
Retail
REITs
)
...
6
609
Regions
Financial
Corp.
(
Banks
)
.......
13
34
Reliance,
Inc.
(
Metals
&
Mining
)
......
11
29
Repligen
Corp.
(
Life
Sciences
Tools
&
Services
)
(a)
..................
5
127
Republic
Services,
Inc.
(
Commercial
Services
&
Supplies
)
...........
24
86
ResMed,
Inc.
(
Health
Care
Equipment
&
Supplies
)
....................
17
361
Rivian
Automotive,
Inc.
,
Class
-
A
(
Automobiles
)
(a)
..............
4
59
Robert
Half,
Inc.
(
Professional
Services
)
.
5
282
Robinhood
Markets,
Inc.
,
Class
-
A
(
Capital
Markets
)
(a)
..................
6
255
ROBLOX
Corp.
,
Class
-
A
(
Entertainment
)
(a)
.............
10
71
Rockwell
Automation,
Inc.
(
Electrical
Equipment
)
..................
21
71
Roku,
Inc.
(
Entertainment
)
(a)
.........
5
169
Rollins,
Inc.
(
Commercial
Services
&
Supplies
)
....................
8
65
Roper
Technologies,
Inc.
(
Software
)
....
36
210
Ross
Stores,
Inc.
(
Specialty
Retail
)
.....
31
150
Royal
Caribbean
Cruises
Ltd.
(
Hotels,
Restaurants
&
Leisure
)
(a)
........
21
263
Royalty
Pharma
PLC
,
Class
-
A
(
Pharmaceuticals
)
.............
8
79
RPM
International,
Inc.
(
Chemicals
)
....
9
198
S&P
Global,
Inc.
(
Capital
Markets
)
.....
84
582
Salesforce,
Inc.
(
Software
)
(a)
.........
175
118
Samsara,
Inc.
,
Class
-
A
(
Software
)
(a)
...
4
68
SBA
Communications
Corp.
(
Specialized
REITs
)
.....................
15
869
Schlumberger
N.V.
(
Energy
Equipment
&
Services
)
....................
48
115
Seagate
Technology
Holdings
PLC
(
Technology
Hardware,
Storage
&
Peripherals
)
..................
11
64
SEI
Investments
Co.
(
Capital
Markets
)
..
5
389
Sempra
(
Multi-Utilities
)
.............
28
125
ServiceNow,
Inc.
(
Software
)
(a)
........
95
191
Simon
Property
Group,
Inc.
(
Retail
REITs
)
30
400
Sirius
XM
Holdings,
Inc.
(
Media
)
......
2
94
Skyworks
Solutions,
Inc.
(
Semiconductors
&
Semiconductor
Equipment
)
.....
10
724
Snap,
Inc.
,
Class
-
A
(
Interactive
Media
&
Services
)
(a)
..................
8
34
Snap-on,
Inc.
(
Machinery
)
...........
10
172
Snowflake,
Inc.
,
Class
-
A
(
IT
Services
)
(a)
28
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
States
(continued)
105
Southwest
Airlines
Co.
(
Passenger
Airlines
)
$
3
122
SS&C
Technologies
Holdings,
Inc.
(
Professional
Services
)
..........
8
91
Stanley
Black
&
Decker,
Inc.
(
Machinery
)
9
699
Starbucks
Corp.
(
Hotels,
Restaurants
&
Leisure
)
....................
64
202
State
Street
Corp.
(
Capital
Markets
)
.....
16
93
Steel
Dynamics,
Inc.
(
Metals
&
Mining
)
.
14
62
STERIS
PLC
(
Health
Care
Equipment
&
Supplies
)
....................
14
208
Stryker
Corp.
(
Health
Care
Equipment
&
Supplies
)
....................
74
79
Sun
Communities,
Inc.
(
Residential
REITs
)
10
31
Super
Micro
Computer,
Inc.
(
Technology
Hardware,
Storage
&
Peripherals
)
(a)
31
268
Synchrony
Financial
(
Consumer
Finance
)
12
93
Synopsys,
Inc.
(
Software
)
(a)
..........
53
313
Sysco
Corp.
(
Consumer
Staples
Distribution
&
Retail
)
....................
25
143
T.
Rowe
Price
Group,
Inc.
(
Capital
Markets
)
17
106
Take-Two
Interactive
Software,
Inc.
(
Entertainment
)
(a)
.............
16
133
Targa
Resources
Corp.
(
Oil,
Gas
&
Consumable
Fuels
)
.............
15
282
Target
Corp.
(
Consumer
Staples
Distribution
&
Retail
)
....................
50
191
TE
Connectivity
Ltd.
(
Electronic
Equipment,
Instruments
&
Components
)
.................
28
30
Teledyne
Technologies,
Inc.
(
Electronic
Equipment,
Instruments
&
Components
)
(a)
...............
13
32
Teleflex,
Inc.
(
Health
Care
Equipment
&
Supplies
)
....................
7
94
Teradyne,
Inc.
(
Semiconductors
&
Semiconductor
Equipment
)
.......
11
1,731
Tesla,
Inc.
(
Automobiles
)
(a)
..........
304
539
Texas
Instruments,
Inc.
(
Semiconductors
&
Semiconductor
Equipment
)
.......
94
12
Texas
Pacific
Land
Corp.
(
Oil,
Gas
&
Consumable
Fuels
)
.............
7
364
The
AES
Corp.
(
Independent
Power
and
Renewable
Electricity
Producers
)
..
7
160
The
Allstate
Corp.
(
Insurance
)
.........
28
446
The
Bank
of
New
York
Mellon
Corp.
(
Capital
Markets
)
..............
26
130
The
Carlyle
Group,
Inc.
(
Capital
Markets
)
6
917
The
Charles
Schwab
Corp.
(
Capital
Markets
)
....................
66
180
The
Cigna
Group
(
Health
Care
Providers
&
Services
)
....................
65
73
The
Clorox
Co.
(
Household
Products
)
...
11
2,494
The
Coca-Cola
Co.
(
Beverages
)
.......
153
143
The
Estee
Lauder
Cos.,
Inc.
(
Personal
Care
Products
)
....................
22
195
The
Goldman
Sachs
Group,
Inc.
(
Capital
Markets
)
....................
81
83
HC
CAPITAL
TRUST
The
Catholic
SRI
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
States
(continued)
185
The
Hartford
Financial
Services
Group,
Inc.
(
Insurance
)
..................
$
19
93
The
Hershey
Co.
(
Food
Products
)
......
18
600
The
Home
Depot,
Inc.
(
Specialty
Retail
)
.
230
254
The
Interpublic
Group
of
Cos.,
Inc.
(
Media
)
8
63
The
J.M.
Smucker
Co.
(
Food
Products
)
..
8
531
The
Kraft
Heinz
Co.
(
Food
Products
)
....
20
431
The
Kroger
Co.
(
Consumer
Staples
Distribution
&
Retail
)
...........
25
186
The
Mosaic
Co.
(
Chemicals
)
..........
6
246
The
PNC
Financial
Services
Group,
Inc.
(
Banks
)
.....................
40
355
The
Progressive
Corp.
(
Insurance
)
......
73
148
The
Sherwin-Williams
Co.
(
Chemicals
)
..
51
659
The
Southern
Co.
(
Electric
Utilities
)
....
47
701
The
TJX
Cos.,
Inc.
(
Specialty
Retail
)
....
71
62
The
Toro
Co.
(
Machinery
)
............
6
273
The
Trade
Desk,
Inc.
,
Class
-
A
(
Media
)
(a)
24
140
The
Travelers
Cos.,
Inc.
(
Insurance
)
.....
32
1,114
The
Walt
Disney
Co.
(
Entertainment
)
....
136
745
The
Williams
Cos.,
Inc.
(
Oil,
Gas
&
Consumable
Fuels
)
.............
29
307
T-Mobile
US,
Inc.
(
Wireless
Telecommunication
Services
)
.....
50
200
Toast,
Inc.
,
Class
-
A
(
Financial
Services
)
(a)
5
68
Tractor
Supply
Co.
(
Specialty
Retail
)
....
18
65
Tradeweb
Markets,
Inc.
,
Class
-
A
(
Capital
Markets
)
....................
7
34
TransDigm
Group,
Inc.
(
Aerospace
&
Defense
)
....................
42
116
TransUnion
(
Professional
Services
)
.....
9
143
Trimble,
Inc.
(
Electronic
Equipment,
Instruments
&
Components
)
(a)
....
9
825
Truist
Financial
Corp.
(
Banks
)
.........
32
93
Twilio,
Inc.
,
Class
-
A
(
IT
Services
)
(a)
...
6
27
Tyler
Technologies,
Inc.
(
Software
)
(a)
...
11
184
Tyson
Foods,
Inc.
,
Class
-
A
(
Food
Products
)
11
942
U.S.
Bancorp
(
Banks
)
...............
42
1,119
Uber
Technologies,
Inc.
(
Ground
Transportation
)
(a)
.............
86
175
UDR,
Inc.
(
Residential
REITs
)
........
7
59
U-Haul
Holding
Co.
(
Ground
Transportation
)
...............
4
230
UiPath,
Inc.
,
Class
-
A
(
Software
)
(a)
....
5
30
Ulta
Beauty,
Inc.
(
Specialty
Retail
)
(a)
...
16
370
Union
Pacific
Corp.
(
Ground
Transportation
)
...............
91
441
United
Parcel
Service,
Inc.
,
Class
-
B
(
Air
Freight
&
Logistics
)
............
66
42
United
Rentals,
Inc.
(
Trading
Companies
&
Distributors
)
.................
30
27
United
Therapeutics
Corp.
(
Biotechnology
)
(a)
.............
6
562
UnitedHealth
Group,
Inc.
(
Health
Care
Providers
&
Services
)
...........
278
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
States
(continued)
142
Unity
Software,
Inc.
(
Software
)
(a)
......
$
4
34
Universal
Health
Services,
Inc.
,
Class
-
B
(
Health
Care
Providers
&
Services
)
.
6
25
Vail
Resorts,
Inc.
(
Hotels,
Restaurants
&
Leisure
)
....................
6
204
Valero
Energy
Corp.
(
Oil,
Gas
&
Consumable
Fuels
)
.............
35
94
Veeva
Systems,
Inc.
,
Class
-
A
(
Health
Care
Technology
)
(a)
...............
22
261
Ventas,
Inc.
(
Health
Care
REITs
)
.......
11
130
Veralto
Corp.
(
Commercial
Services
&
Supplies
)
....................
12
54
VeriSign,
Inc.
(
IT
Services
)
(a)
.........
10
89
Verisk
Analytics,
Inc.
(
Professional
Services
)
....................
21
2,555
Verizon
Communications,
Inc.
(
Diversified
Telecommunication
Services
)
.....
107
223
Vertiv
Holdings
Co.
,
Class
-
A
(
Electrical
Equipment
)
..................
18
659
VICI
Properties,
Inc.
(
Specialized
REITs
)
20
954
Visa,
Inc.
,
Class
-
A
(
Financial
Services
)
.
266
199
Vistra
Corp.
(
Independent
Power
and
Renewable
Electricity
Producers
)
..
14
81
Vulcan
Materials
Co.
(
Construction
Materials
)
...................
22
115
W.R.
Berkley
Corp.
(
Insurance
)
........
10
27
W.W.
Grainger,
Inc.
(
Trading
Companies
&
Distributors
)
.................
27
415
Walgreens
Boots
Alliance,
Inc.
(
Consumer
Staples
Distribution
&
Retail
)
.....
9
2,676
Walmart,
Inc.
(
Consumer
Staples
Distribution
&
Retail
)
...........
161
1,469
Warner
Bros.
Discovery,
Inc.
(
Entertainment
)
(a)
.............
13
246
Waste
Management,
Inc.
(
Commercial
Services
&
Supplies
)
...........
52
38
Waters
Corp.
(
Life
Sciences
Tools
&
Services
)
(a)
..................
13
20
Watsco,
Inc.
(
Trading
Companies
&
Distributors
)
.................
9
198
WEC
Energy
Group,
Inc.
(
Multi-Utilities
)
16
2,187
Wells
Fargo
&
Co.
(
Banks
)
...........
127
330
Welltower,
Inc.
(
Health
Care
REITs
)
....
31
44
West
Pharmaceutical
Services,
Inc.
(
Life
Sciences
Tools
&
Services
)
.......
17
183
Western
Digital
Corp.
(
Technology
Hardware,
Storage
&
Peripherals
)
(a)
12
108
Westinghouse
Air
Brake
Technologies
Corp.
(
Machinery
)
.................
16
19
Westlake
Corp.
(
Chemicals
)
..........
3
137
Westrock
Co.
(
Containers
&
Packaging
)
..
7
461
Weyerhaeuser
Co.
(
Specialized
REITs
)
..
17
39
Williams-Sonoma,
Inc.
(
Specialty
Retail
)
.
12
127
Workday,
Inc.
,
Class
-
A
(
Software
)
(a)
...
35
123
WP
Carey,
Inc.
(
Diversified
REITs
)
.....
7
84
HC
CAPITAL
TRUST
The
Catholic
SRI
Growth
Portfolio
Portfolio
of
Investments
(concluded)
—
March
31,
2024
(Unaudited)
As
of
March
31,
2024
,
100%
of
the
Portfolio’s
net
assets
were
managed
by
Mellon
Investments
Corporation.
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
States
(continued)
55
Wynn
Resorts
Ltd.
(
Hotels,
Restaurants
&
Leisure
)
....................
$
6
338
Xcel
Energy,
Inc.
(
Electric
Utilities
)
.....
18
150
Xylem,
Inc.
(
Machinery
)
.............
19
174
Yum!
Brands,
Inc.
(
Hotels,
Restaurants
&
Leisure
)
....................
24
30
Zebra
Technologies
Corp.
(
Electronic
Equipment,
Instruments
&
Components
)
(a)
...............
9
80
Zillow
Group,
Inc.
,
Class
-
C
(
Real
Estate
Management
&
Development
)
(a)
...
4
132
Zimmer
Biomet
Holdings,
Inc.
(
Health
Care
Equipment
&
Supplies
)
.........
17
282
Zoetis,
Inc.
(
Pharmaceuticals
)
.........
48
156
Zoom
Video
Communications,
Inc.
,
Class
-
A
(
Software
)
(a)
...............
10
52
Zscaler,
Inc.
(
Software
)
(a)
............
10
24,325
Uruguay
—
0
.12
%
28
MercadoLibre,
Inc.
(
Broadline
Retail
)
(a)
.
42
Total
Common
Stocks
..............
34,786
Warrant
—
0
.00
%
Canada
—
0
.00
%
12
Constellation
Software,
Inc.
,
3/31/40
(
Software
)
(a)
(c)
...............
—
Total
Warrant
...................
—
Investment
Companies
—
0
.10
%
Money
Market
Funds
—
0
.10
%
28,822
Federated
Hermes
Treasury
Obligations
Fund,
Institutional
Shares
,
5
.17
%
^^
(d)
29
6,404
State
Street
Institutional
Treasury
Plus
Money
Market
Fund,
Trust
Class
,
5
.20
%
(d)
....................
6
Total
Investment
Companies
.........
35
Total
Investments
(cost
$
20,598
)
—
99
.81
%
.....................
34,821
Other
assets
in
excess
of
liabilities
—
0
.19
%
......................
67
Net
Assets
-
100.00%
$
34,888
Amounts
designated
as
"—"
are
$0
or
have
been
rounded
to
$0.
^
All
or
part
of
this
security
was
on
loan
as
of
March
31,
2024.
^^
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
March
31,
2024.
(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
March
31,
2024.
(d)
Annualized
7-day
yield
as
of
period-end.
ADR—American
Depositary
Receipt
REIT—Real
Estate
Investment
Trust
HC
CAPITAL
TRUST
The
International
Equity
Portfolio
Portfolio
of
Investments
—
March
31,
2024
(Unaudited)
85
Shares
Security
Description
Value
(000)
Common
Stocks
—
87
.88
%
Australia
—
5
.42
%
4,466
Ampol
Ltd.
(
Oil,
Gas
&
Consumable
Fuels
)
$
116
153,655
ANZ
Group
Holdings
Ltd.
(
Banks
)
.....
2,943
21,823
Aristocrat
Leisure
Ltd.
(
Hotels,
Restaurants
&
Leisure
)
...................
611
82,839
Bendigo
&
Adelaide
Bank
Ltd.
(
Banks
)
..
553
85,014
BHP
Group
Ltd.
(
Metals
&
Mining
)
.....
2,441
70,201
BHP
Group
Ltd.
(
Metals
&
Mining
)
.....
2,025
43,919
Commonwealth
Bank
of
Australia
(
Banks
)
3,443
53,824
Fortescue
Ltd.
(
Metals
&
Mining
)
......
901
68,557
Goodman
Group
(
Industrial
REITs
)
.....
1,510
7,899
Macquarie
Group
Ltd.
(
Capital
Markets
)
.
1,028
174,147
National
Australia
Bank
Ltd.
(
Banks
)
....
3,931
41,245
Qantas
Airways
Ltd.
(
Passenger
Airlines
)
(a)
146
55,092
QBE
Insurance
Group
Ltd.
(
Insurance
)
..
651
15,339
Rio
Tinto
Ltd.
(
Metals
&
Mining
)
......
1,217
150,128
Santos
Ltd.
(
Oil,
Gas
&
Consumable
Fuels
)
758
198,921
Scentre
Group
(
Retail
REITs
)
.........
439
18,427
Suncorp
Group
Ltd.
(
Insurance
)
.......
197
562,458
The
Lottery
Corp.
Ltd.
(
Hotels,
Restaurants
&
Leisure
)
...................
1,887
44,996
Treasury
Wine
Estates
Ltd.
(
Beverages
)
..
365
63,839
Wesfarmers
Ltd.
(
Broadline
Retail
)
.....
2,845
148,167
Westpac
Banking
Corp.
(
Banks
)
.......
2,519
28,099
Woodside
Energy
Group
Ltd.
(
Oil,
Gas
&
Consumable
Fuels
)
.............
558
35,740
Worley
Ltd.
(
Construction
&
Engineering
)
390
31,474
Austria
—
0
.22
%
23,927
Erste
Group
Bank
AG
(
Banks
)
........
1,066
4,792
OMV
AG
(
Oil,
Gas
&
Consumable
Fuels
)
227
1,293
Belgium
—
0
.46
%
40,660
Anheuser-Busch
InBev
SA/N.V.
(
Beverages
)
..................
2,476
8,118
Umicore
SA
(
Chemicals
)
............
175
2,651
Canada
—
9
.37
%
30,089
Air
Canada
(
Passenger
Airlines
)
(a)
.....
436
50,883
Alimentation
Couche-Tard,
Inc.
(
Consumer
Staples
Distribution
&
Retail
)
.....
2,904
8,987
AltaGas
Ltd.
(
Gas
Utilities
)
...........
199
45,514
Bank
of
Montreal
(
Banks
)
............
4,443
9,632
CAE,
Inc.
(
Aerospace
&
Defense
)
(a)
....
199
31,854
Cameco
Corp.
(
Oil,
Gas
&
Consumable
Fuels
)
......................
1,379
55,707
Canadian
Natural
Resources
Ltd.
(
Oil,
Gas
&
Consumable
Fuels
)
...........
4,249
3,130
Canadian
Pacific
Kansas
City
Ltd.
(
Ground
Transportation
)
...............
276
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Canada
(continued)
11,085
Canadian
Tire
Corp.
Ltd.
,
Class
-
A
(
Broadline
Retail
)
.............
$
1,106
3,259
CCL
Industries,
Inc.
,
Class
-
B
(
Containers
&
Packaging
)
.................
167
125,033
Cenovus
Energy,
Inc.
(
Oil,
Gas
&
Consumable
Fuels
)
.............
2,500
835
Constellation
Software,
Inc.
(
Software
)
..
2,281
11,192
Dollarama,
Inc.
(
Broadline
Retail
)
......
853
20,879
Enbridge,
Inc.
(
Oil,
Gas
&
Consumable
Fuels
)
......................
755
1,023
Fairfax
Financial
Holdings
Ltd.
(
Insurance
)
1,103
17,917
First
Quantum
Minerals
Ltd.
(
Metals
&
Mining
)
.....................
193
7,691
Franco-Nevada
Corp.
(
Metals
&
Mining
)
.
917
24,142
GFL
Environmental,
Inc.
(
Commercial
Services
&
Supplies
)
...........
833
64,358
Great-West
Lifeco,
Inc.
(
Insurance
)
.....
2,058
27,914
H&R
Real
Estate
Investment
Trust
(
Diversified
REITs
)
............
191
12,464
Hydro
One
Ltd.
(
Electric
Utilities
)
......
364
5,430
Intact
Financial
Corp.
(
Insurance
)
......
882
56,358
Keyera
Corp.
(
Oil,
Gas
&
Consumable
Fuels
)
......................
1,452
2,505
Lumine
Group,
Inc.
(
Software
)
(a)
......
66
28,660
Magna
International,
Inc.
(
Automobile
Components
)
.................
1,561
8,370
Manulife
Financial
Corp.
(
Insurance
)
....
209
15,818
Methanex
Corp.
(
Chemicals
)
..........
705
18,402
National
Bank
of
Canada
(
Banks
)
......
1,550
62,155
Northland
Power,
Inc.
(
Independent
Power
and
Renewable
Electricity
Producers
)
1,016
3,339
Nutrien
Ltd.
(
Chemicals
)
............
181
1,796
Onex
Corp.
(
Capital
Markets
)
.........
135
7,732
Pembina
Pipeline
Corp.
(
Oil,
Gas
&
Consumable
Fuels
)
.............
273
66,482
Power
Corp.
of
Canada
(
Insurance
)
.....
1,864
6,978
Primaris
Real
Estate
Investment
Trust
(
Retail
REITs
)
................
72
1,726
Restaurant
Brands
International,
Inc.
(
Hotels,
Restaurants
&
Leisure
)
....
137
67,963
RioCan
Real
Estate
Investment
Trust
(
Retail
REITs
)
.....................
927
11,932
Royal
Bank
of
Canada
(
Banks
)
........
1,204
52,851
Shopify,
Inc.
,
Class
-
A
(
IT
Services
)
(a)
..
4,077
52,951
Sun
Life
Financial,
Inc.
(
Insurance
)
.....
2,890
5,745
Suncor
Energy,
Inc.
(
Oil,
Gas
&
Consumable
Fuels
)
.............
212
18,439
Teck
Resources
Ltd.
,
Class
-
B
(
Metals
&
Mining
)
.....................
844
72,937
TELUS
Corp.
(
Diversified
Telecommunication
Services
)
.....
1,167
12,498
The
Toronto-Dominion
Bank
(
Banks
)
...
754
22,457
Thomson
Reuters
Corp.
(
Professional
Services
)
....................
3,495
86
HC
CAPITAL
TRUST
The
International
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Canada
(continued)
28,308
Wheaton
Precious
Metals
Corp.
(
Metals
&
Mining
)
.....................
$
1,333
54,412
Denmark
—
3
.25
%
2,246
DSV
A/S
(
Air
Freight
&
Logistics
)
.....
365
7,565
Genmab
A/S
(
Biotechnology
)
(a)
.......
2,281
127,453
Novo
Nordisk
A/S
,
Class
-
B
(
Pharmaceuticals
)
.............
16,248
18,894
Finland
—
0
.57
%
4,385
Mandatum
Oyj
(
Insurance
)
(a)
.........
20
178,699
Nordea
Bank
Abp
(
Banks
)
...........
1,990
3,545
Orion
Oyj
,
Class
-
B
(
Pharmaceuticals
)
..
132
4,385
Sampo
Oyj
,
A
Shares
(
Insurance
)
......
187
44,232
Stora
Enso
Oyj
,
Registered
Shares
(
Paper
&
Forest
Products
)
...............
615
10,204
UPM-Kymmene
Oyj
(
Paper
&
Forest
Products
)
....................
340
3,284
France
—
9
.86
%
2,230
Aeroports
de
Paris
SA
(
Transportation
Infrastructure
)
................
306
21,951
Air
Liquide
SA
(
Chemicals
)
..........
4,566
23,149
Airbus
SE
(
Aerospace
&
Defense
)
......
4,263
47,723
AXA
SA
(
Insurance
)
...............
1,792
46,563
BNP
Paribas
SA
(
Banks
)
.............
3,308
4,957
Bouygues
SA
(
Construction
&
Engineering
)
202
1,044
Capgemini
SE
(
IT
Services
)
..........
240
3,697
Cie
de
Saint-Gobain
SA
(
Building
Products
)
287
99,973
Credit
Agricole
SA
(
Banks
)
...........
1,490
6,505
Dassault
Systemes
SE
(
Software
)
......
288
1,749
Eiffage
SA
(
Construction
&
Engineering
)
.
198
25,532
Engie
SA
(
Multi-Utilities
)
............
427
18,607
EssilorLuxottica
SA
(
Health
Care
Equipment
&
Supplies
)
.........
4,209
2,933
Eurazeo
SE
(
Financial
Services
)
.......
257
1,233
Gecina
SA
(
Office
REITs
)
............
126
2,454
Hermes
International
SCA
(
Textiles,
Apparel
&
Luxury
Goods
)
..............
6,263
10,109
L'Oreal
SA
(
Personal
Care
Products
)
....
4,783
5,264
LVMH
Moet
Hennessy
Louis
Vuitton
SE
(
Textiles,
Apparel
&
Luxury
Goods
)
4,734
5,232
Pernod
Ricard
SA
(
Beverages
)
........
846
8,075
Publicis
Groupe
SA
(
Media
)
..........
880
7,261
Renault
SA
(
Automobiles
)
...........
367
35,572
Sanofi
SA
(
Pharmaceuticals
)
..........
3,490
34,976
Schneider
Electric
SE
(
Electrical
Equipment
)
..................
7,911
98,039
Societe
Generale
SA
(
Banks
)
.........
2,624
4,176
Thales
SA
(
Aerospace
&
Defense
)
......
712
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
France
(continued)
23,129
TotalEnergies
SE
(
Oil,
Gas
&
Consumable
Fuels
)
......................
$
1,584
7,086
Unibail-Rodamco-Westfield
(
Retail
REITs
)
(a)
...................
569
15,933
Veolia
Environnement
SA
(
Multi-Utilities
)
518
57,240
Germany
—
6
.79
%
13,053
adidas
AG
(
Textiles,
Apparel
&
Luxury
Goods
)
.....................
2,915
10,077
Allianz
SE
,
Registered
Shares
(
Insurance
)
3,020
1,793
Bayerische
Motoren
Werke
AG
(
Automobiles
)
................
207
1,065
Beiersdorf
AG
(
Personal
Care
Products
)
..
155
33,975
Commerzbank
AG
(
Banks
)
...........
467
2,692
Covestro
AG
(
Chemicals
)
(a)
..........
147
1,439
Daimler
Truck
Holding
AG
(
Machinery
)
.
73
113,622
Deutsche
Bank
AG
,
Registered
Shares
(
Capital
Markets
)
..............
1,787
21,575
Deutsche
Boerse
AG
(
Capital
Markets
)
..
4,414
69,579
Deutsche
Post
AG
(
Air
Freight
&
Logistics
)
2,996
128,506
Deutsche
Telekom
AG
(
Diversified
Telecommunication
Services
)
.....
3,119
5,615
Fraport
AG
Frankfurt
Airport
Services
Worldwide
(
Transportation
Infrastructure
)
(a)
..............
296
6,983
GEA
Group
AG
(
Machinery
)
.........
295
1,115
Hannover
Rueck
SE
(
Insurance
)
.......
305
82,230
Infineon
Technologies
AG
(
Semiconductors
&
Semiconductor
Equipment
)
.....
2,795
2,540
Muenchener
Rueckversicherungs-
Gesellschaft
AG
in
Muenchen
,
Registered
Shares
(
Insurance
)
.....
1,239
18,514
RWE
AG
(
Independent
Power
and
Renewable
Electricity
Producers
)
..
628
36,196
SAP
SE
(
Software
)
.................
7,046
1,461
Sartorius
AG
,
Preference
Shares
(
Life
Sciences
Tools
&
Services
)
.......
581
28,228
Siemens
AG
,
Registered
Shares
(
Industrial
Conglomerates
)
...............
5,388
6,087
Symrise
AG
(
Chemicals
)
............
729
6,109
Volkswagen
AG
,
Preference
Shares
(
Automobiles
)
................
809
39,411
Hong
Kong
—
0
.95
%
483,480
AIA
Group
Ltd.
(
Insurance
)
..........
3,247
75,055
BOC
Hong
Kong
Holdings
Ltd.
(
Banks
)
.
201
334,000
China
Common
Rich
Renewable
Energy
Investment
Ltd.
(
Independent
Power
and
Renewable
Electricity
Producers
)
(b)
.................
—
98,500
CK
Asset
Holdings
Ltd.
(
Real
Estate
Management
&
Development
)
.....
405
73,000
Galaxy
Entertainment
Group
Ltd.
(
Hotels,
Restaurants
&
Leisure
)
..........
367
87
HC
CAPITAL
TRUST
The
International
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Hong
Kong
(continued)
6,300
Jardine
Matheson
Holdings
Ltd.
(
Industrial
Conglomerates
)
...............
$
235
41,917
Link
REIT
(
Retail
REITs
)
............
180
186,500
MTR
Corp.
Ltd.
(
Ground
Transportation
)
.
615
14,472
Pacific
Century
Premium
Developments
Ltd.
(
Real
Estate
Management
&
Development
)
(a)
..............
—
121,391
PCCW
Ltd.
(
Diversified
Telecommunication
Services
)
....................
60
24,000
Swire
Pacific
Ltd.
,
Class
-
A
(
Real
Estate
Management
&
Development
)
.....
197
5,507
Ireland
(Republic
of)
—
1
.38
%
8,728
AerCap
Holdings
N.V.
(
Trading
Companies
&
Distributors
)
(a)
.............
759
332,317
Bank
of
Ireland
Group
PLC
(
Banks
)
....
3,388
24,053
CRH
PLC
(
Construction
Materials
)
.....
2,072
25,494
Experian
PLC
(
Professional
Services
)
...
1,111
16,821
James
Hardie
Industries
PLC
(
Construction
Materials
)
(a)
.................
675
8,005
Israel
—
0
.34
%
862
CyberArk
Software
Ltd.
(
Software
)
(a)
...
229
6,703
Nice
Ltd.
,
ADR
(
Software
)
(a)
.........
1,747
1,976
Italy
—
1
.67
%
69,888
Assicurazioni
Generali
SpA
(
Insurance
)
..
1,769
47,935
Enel
SpA
(
Electric
Utilities
)
..........
316
1,561
Ferrari
N.V.
(
Automobiles
)
...........
680
157,139
Intesa
Sanpaolo
SpA
(
Banks
)
.........
570
7,820
Iveco
Group
N.V.
(
Machinery
)
(a)
......
116
168,665
Mediobanca
Banca
di
Credito
Finanziario
SpA
(
Banks
)
.................
2,514
7,356
Moncler
SpA
(
Textiles,
Apparel
&
Luxury
Goods
)
.....................
549
166,391
Nexi
SpA
(
Financial
Services
)
(a)
.......
1,054
9,459
Poste
Italiane
SpA
(
Insurance
)
.........
118
104,597
Snam
SpA
(
Gas
Utilities
)
............
494
180,455
Terna
-
Rete
Elettrica
Nazionale
(
Electric
Utilities
)
....................
1,491
9,671
Japan
—
18
.16
%
8,800
Advantest
Corp.
(
Semiconductors
&
Semiconductor
Equipment
)
.......
389
6,845
AGC,
Inc.
(
Building
Products
)
........
248
4,500
Aisin
Corp.
(
Automobile
Components
)
..
183
27,300
Ajinomoto
Co.,
Inc.
(
Food
Products
)
....
1,016
15,300
Amada
Co.
Ltd.
(
Machinery
)
.........
174
6,100
Asahi
Group
Holdings
Ltd.
(
Beverages
)
..
223
84,700
Astellas
Pharma,
Inc.
(
Pharmaceuticals
)
..
909
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Japan
(continued)
3,900
Azbil
Corp.
(
Electronic
Equipment,
Instruments
&
Components
)
......
$
107
21,100
Bandai
Namco
Holdings,
Inc.
(
Leisure
Products
)
....................
390
15,200
Bridgestone
Corp.
(
Automobile
Components
)
.................
672
38,300
Canon,
Inc.
(
Technology
Hardware,
Storage
&
Peripherals
)
................
1,139
8,600
Capcom
Co.
Ltd.
(
Entertainment
)
......
161
293,700
Concordia
Financial
Group
Ltd.
(
Banks
)
.
1,473
178,200
CyberAgent,
Inc.
(
Media
)
............
1,293
13,388
Dai
Nippon
Printing
Co.
Ltd.
(
Commercial
Services
&
Supplies
)
...........
409
58,800
Daifuku
Co.
Ltd.
(
Machinery
)
.........
1,402
40,900
Dai-ichi
Life
Holdings,
Inc.
(
Insurance
)
..
1,040
1,279
Daito
Trust
Construction
Co.
Ltd.
(
Real
Estate
Management
&
Development
)
146
15,550
Daiwa
House
Industry
Co.
Ltd.
(
Real
Estate
Management
&
Development
)
.....
461
12,000
Denso
Corp.
(
Automobile
Components
)
..
229
4,800
Dentsu
Group,
Inc.
(
Media
)
..........
133
3,900
Fuji
Electric
Co.
Ltd.
(
Electrical
Equipment
)
260
25,200
FUJIFILM
Holdings
Corp.
(
Technology
Hardware,
Storage
&
Peripherals
)
..
564
109,000
Fujitsu
Ltd.
(
IT
Services
)
............
1,741
37,100
Hitachi
Ltd.
(
Industrial
Conglomerates
)
..
3,372
12,900
Honda
Motor
Co.
Ltd.
(
Automobiles
)
...
159
20,700
Hoya
Corp.
(
Health
Care
Equipment
&
Supplies
)
....................
2,576
39,100
Inpex
Corp.
(
Oil,
Gas
&
Consumable
Fuels
)
594
22,100
Isetan
Mitsukoshi
Holdings
Ltd.
(
Broadline
Retail
)
......................
358
21,000
Isuzu
Motors
Ltd.
(
Automobiles
)
.......
283
92,317
ITOCHU
Corp.
(
Trading
Companies
&
Distributors
)
.................
3,943
6,000
Japan
Airlines
Co.
Ltd.
(
Passenger
Airlines
)
114
70,600
Japan
Exchange
Group,
Inc.
(
Capital
Markets
)
....................
1,905
8,300
Japan
Post
Insurance
Co.
Ltd.
(
Insurance
)
158
5,554
JSR
Corp.
(
Chemicals
)
..............
159
9,200
Kawasaki
Heavy
Industries
Ltd.
(
Machinery
)
.................
301
101,200
KDDI
Corp.
(
Wireless
Telecommunication
Services
)
....................
2,987
6,100
Keyence
Corp.
(
Electronic
Equipment,
Instruments
&
Components
)
......
2,825
22,000
Kikkoman
Corp.
(
Food
Products
)
......
281
6,345
Komatsu
Ltd.
(
Machinery
)
...........
187
11,600
Kyoto
Financial
Group,
Inc.
(
Banks
)
....
209
6,000
Lasertec
Corp.
(
Semiconductors
&
Semiconductor
Equipment
)
.......
1,702
22,200
Makita
Corp.
(
Machinery
)
...........
627
63,300
Marubeni
Corp.
(
Trading
Companies
&
Distributors
)
.................
1,092
171,435
Mitsubishi
Corp.
(
Trading
Companies
&
Distributors
)
.................
3,945
88
HC
CAPITAL
TRUST
The
International
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Japan
(continued)
34,200
Mitsubishi
Estate
Co.
Ltd.
(
Real
Estate
Management
&
Development
)
.....
$
620
97,000
Mitsubishi
Heavy
Industries
Ltd.
(
Machinery
)
.................
875
432,200
Mitsubishi
UFJ
Financial
Group,
Inc.
(
Banks
)
.....................
4,383
131,788
Mitsui
&
Co.
Ltd.
(
Trading
Companies
&
Distributors
)
.................
6,132
108,300
Mitsui
Fudosan
Co.
Ltd.
(
Real
Estate
Management
&
Development
)
.....
1,162
12,600
Mitsui
O.S.K.
Lines
Ltd.
(
Marine
Transportation
)
...............
384
109,800
Murata
Manufacturing
Co.
Ltd.
(
Electronic
Equipment,
Instruments
&
Components
)
.................
2,056
14,700
NEC
Corp.
(
IT
Services
)
.............
1,070
20,000
Nexon
Co.
Ltd.
(
Entertainment
)
.......
332
19,200
Nikon
Corp.
(
Household
Durables
)
.....
193
5,800
NIPPON
EXPRESS
HOLDINGS,
Inc.
(
Air
Freight
&
Logistics
)
............
295
6,300
Nippon
Sanso
Holdings
Corp.
(
Chemicals
)
197
30,800
Nippon
Steel
Corp.
(
Metals
&
Mining
)
..
738
910,000
Nippon
Telegraph
&
Telephone
Corp.
(
Diversified
Telecommunication
Services
)
....................
1,082
66,500
Nissan
Motor
Co.
Ltd.
(
Automobiles
)
...
262
17,800
Nomura
Research
Institute
Ltd.
(
IT
Services
)
....................
501
1,800
Obic
Co.
Ltd.
(
IT
Services
)
...........
271
79,400
Odakyu
Electric
Railway
Co.
Ltd.
(
Ground
Transportation
)
...............
1,092
104,100
Olympus
Corp.
(
Health
Care
Equipment
&
Supplies
)
....................
1,495
10,400
Omron
Corp.
(
Electronic
Equipment,
Instruments
&
Components
)
......
370
10,800
ORIX
Corp.
(
Financial
Services
)
.......
235
12,700
Pan
Pacific
International
Holdings
Corp.
(
Broadline
Retail
)
.............
336
156,600
Panasonic
Holdings
Corp.
(
Household
Durables
)
...................
1,488
243,800
Rakuten
Group,
Inc.
(
Broadline
Retail
)
..
1,379
22,400
Rohm
Co.
Ltd.
(
Semiconductors
&
Semiconductor
Equipment
)
.......
357
15,300
SBI
Holdings,
Inc.
(
Capital
Markets
)
....
400
35,552
Sekisui
House
Ltd.
(
Household
Durables
)
807
17,000
Shin-Etsu
Chemical
Co.
Ltd.
(
Chemicals
)
742
37,400
Shiseido
Co.
Ltd.
(
Personal
Care
Products
)
1,020
38,400
Sompo
Holdings,
Inc.
(
Insurance
)
......
802
7,100
Sony
Group
Corp.
(
Household
Durables
)
.
607
28,800
Square
Enix
Holdings
Co.
Ltd.
(
Entertainment
)
...............
1,108
18,800
Subaru
Corp.
(
Automobiles
)
..........
426
30,300
SUMCO
Corp.
(
Semiconductors
&
Semiconductor
Equipment
)
.......
477
14,148
Sumitomo
Mitsui
Financial
Group,
Inc.
(
Banks
)
.....................
826
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Japan
(continued)
4,800
Sumitomo
Realty
&
Development
Co.
Ltd.
(
Real
Estate
Management
&
Development
)
................
$
178
8,500
T&D
Holdings,
Inc.
(
Insurance
)
.......
147
25,000
Takeda
Pharmaceutical
Co.
Ltd.
(
Pharmaceuticals
)
.............
694
22,400
The
Chiba
Bank
Ltd.
(
Banks
)
.........
186
29,700
Tokio
Marine
Holdings,
Inc.
(
Insurance
)
.
927
80,800
Tokyo
Electric
Power
Co.
Holdings,
Inc.
(
Electric
Utilities
)
(a)
...........
490
26,400
Tokyo
Electron
Ltd.
(
Semiconductors
&
Semiconductor
Equipment
)
.......
6,848
25,700
Tokyu
Fudosan
Holdings
Corp.
(
Real
Estate
Management
&
Development
)
.....
207
21,300
TOTO
Ltd.
(
Building
Products
)
........
596
17,900
Toyota
Industries
Corp.
(
Machinery
)
....
1,858
485,000
Toyota
Motor
Corp.
(
Automobiles
)
.....
12,195
6,770
Toyota
Tsusho
Corp.
(
Trading
Companies
&
Distributors
)
.................
462
17,027
Trend
Micro,
Inc.
(
Software
)
..........
862
46,400
Unicharm
Corp.
(
Household
Products
)
...
1,477
20,300
Welcia
Holdings
Co.
Ltd.
(
Consumer
Staples
Distribution
&
Retail
)
.....
345
39,000
Yakult
Honsha
Co.
Ltd.
(
Food
Products
)
.
797
5,700
ZOZO,
Inc.
(
Specialty
Retail
)
.........
141
105,469
Luxembourg
—
0
.49
%
27,423
ArcelorMittal
SA
(
Metals
&
Mining
)
....
753
2,992
Eurofins
Scientific
SE
(
Life
Sciences
Tools
&
Services
)
..................
191
96,377
Tenaris
SA
(
Energy
Equipment
&
Services
)
1,904
2,848
Netherlands
—
3
.95
%
57,506
ABN
AMRO
Bank
N.V.
(
Banks
)
.......
983
73,595
Aegon
Ltd.
(
Insurance
)
..............
449
24,788
Akzo
Nobel
N.V.
(
Chemicals
)
.........
1,850
728
Argenx
SE
(
Biotechnology
)
(a)
........
287
10,915
ASML
Holding
N.V.
(
Semiconductors
&
Semiconductor
Equipment
)
.......
10,506
4,144
EXOR
N.V.
(
Financial
Services
)
.......
461
14,622
ING
Groep
N.V.
(
Banks
)
.............
240
61,918
Koninklijke
Ahold
Delhaize
N.V.
(
Consumer
Staples
Distribution
&
Retail
)
.....
1,851
41,503
Prosus
N.V.
(
Broadline
Retail
)
.........
1,302
12,879
QIAGEN
N.V.
(
Life
Sciences
Tools
&
Services
)
....................
551
87,671
Stellantis
N.V.
(
Automobiles
)
.........
2,491
1,552
Topicus.com,
Inc.
(
Software
)
..........
139
11,488
Wolters
Kluwer
N.V.
(
Professional
Services
)
1,799
22,909
89
HC
CAPITAL
TRUST
The
International
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
New
Zealand
—
0
.19
%
198,179
Auckland
International
Airport
Ltd.
(
Transportation
Infrastructure
)
.....
$
989
31,069
Spark
New
Zealand
Ltd.
(
Diversified
Telecommunication
Services
)
.....
88
1,077
Norway
—
0
.52
%
11,596
DNB
Bank
ASA
(
Banks
)
............
230
105,375
Equinor
ASA
(
Oil,
Gas
&
Consumable
Fuels
)
......................
2,781
3,011
Portugal
—
0
.23
%
338,113
EDP
-
Energias
de
Portugal
SA
(
Electric
Utilities
)
....................
1,317
Singapore
—
0
.64
%
232,772
CapitaLand
Ascendas
REIT
(
Industrial
REITs
)
.....................
478
175,970
CapitaLand
Integrated
Commercial
Trust
(
Retail
REITs
)
................
258
58,000
CapitaLand
Investment
Ltd.
(
Real
Estate
Management
&
Development
)
.....
115
149,100
City
Developments
Ltd.
(
Real
Estate
Management
&
Development
)
.....
646
57,800
DBS
Group
Holdings
Ltd.
(
Banks
)
.....
1,543
14,500
Oversea-Chinese
Banking
Corp.
Ltd.
(
Banks
)
.....................
145
58,700
Singapore
Airlines
Ltd.
(
Passenger
Airlines
)
278
18,700
Singapore
Exchange
Ltd.
(
Capital
Markets
)
128
6,600
United
Overseas
Bank
Ltd.
(
Banks
)
.....
143
3,734
South
Africa
—
0
.01
%
4,663
Thungela
Resources
Ltd.
(
Oil,
Gas
&
Consumable
Fuels
)
.............
30
South
Korea
—
0
.05
%
4,504
Samsung
Electronics
Co.
Ltd.
(
Technology
Hardware,
Storage
&
Peripherals
)
..
270
Spain
—
2
.35
%
8,052
Acciona
SA
(
Electric
Utilities
)
........
980
4,412
ACS
Actividades
de
Construccion
y
Servicios
SA
(
Construction
&
Engineering
)
.................
185
1,451
Aena
SME
SA
(
Transportation
Infrastructure
)
................
286
10,177
Amadeus
IT
Group
SA
(
Hotels,
Restaurants
&
Leisure
)
...................
653
620,640
Banco
Bilbao
Vizcaya
Argentaria
SA
(
Banks
)
.....................
7,390
28,433
Bankinter
SA
(
Banks
)
...............
208
62,673
CaixaBank
SA
(
Banks
)
..............
304
246,056
Iberdrola
SA
(
Electric
Utilities
)
........
3,051
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Spain
(continued)
11,872
Naturgy
Energy
Group
SA
(
Gas
Utilities
)
.
$
257
17,963
Repsol
SA
(
Oil,
Gas
&
Consumable
Fuels
)
299
13,613
Sweden
—
1
.56
%
1,283
Alleima
AB
(
Metals
&
Mining
)
........
9
10,590
Assa
Abloy
AB
,
Class
-
B
(
Building
Products
)
....................
304
90,968
Atlas
Copco
AB
,
Class
-
A
(
Machinery
)
..
1,537
59,272
Atlas
Copco
AB
,
Class
-
B
(
Machinery
)
..
876
34,078
Essity
AB
,
Class
-
B
(
Household
Products
)
809
11,977
Securitas
AB
,
Class
-
B
(
Commercial
Services
&
Supplies
)
...........
124
51,934
Skandinaviska
Enskilda
Banken
AB
,
Class
-
A
(
Banks
)
...................
703
32,522
Swedbank
AB
,
Class
-
A
(
Banks
)
.......
645
107,860
Tele2
AB
,
B
shares
(
Wireless
Telecommunication
Services
)
.....
886
117,701
Volvo
AB
,
Class
-
B
(
Machinery
)
......
3,190
9,083
Switzerland
—
8
.56
%
135,931
ABB
Ltd.
,
Registered
Shares
(
Electrical
Equipment
)
..................
6,315
6,796
Accelleron
Industries
AG
(
Electrical
Equipment
)
..................
255
8,475
Alcon,
Inc.
(
Health
Care
Equipment
&
Supplies
)
....................
702
1,838
Baloise
Holding
AG
,
Registered
Shares
(
Insurance
)
..................
288
679
Barry
Callebaut
AG
,
Registered
Shares
(
Food
Products
)
...............
986
44
Chocoladefabriken
Lindt
&
Spruengli
AG
,
Class
-
PC
(
Food
Products
)
.......
527
19,821
Cie
Financiere
Richemont
SA
,
Registered
Shares
(
Textiles,
Apparel
&
Luxury
Goods
)
.....................
3,022
13,970
Coca-Cola
HBC
AG
(
Beverages
)
.......
441
16,029
DSM-Firmenich
AG
(
Chemicals
)
......
1,822
387,007
Glencore
PLC
(
Metals
&
Mining
)
......
2,126
5,080
Kuehne
+
Nagel
International
AG
,
Registered
Shares
(
Marine
Transportation
)
...............
1,414
4,844
Logitech
International
SA
,
Registered
Shares
(
Technology
Hardware,
Storage
&
Peripherals
)
................
434
4,467
Lonza
Group
AG
,
Registered
Shares
(
Life
Sciences
Tools
&
Services
)
.......
2,676
8,432
Medacta
Group
SA
(
Health
Care
Equipment
&
Supplies
)
..................
1,145
74,089
Nestle
SA
,
Registered
Shares
(
Food
Products
)
....................
7,868
67,717
Novartis
AG
,
Registered
Shares
(
Pharmaceuticals
)
.............
6,561
441
Partners
Group
Holding
AG
(
Capital
Markets
)
....................
630
90
HC
CAPITAL
TRUST
The
International
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Switzerland
(continued)
12,047
Roche
Holding
AG
(
Pharmaceuticals
)
...
$
3,069
13,543
Sandoz
Group
AG
(
Pharmaceuticals
)
(a)
..
409
2,775
SGS
SA
,
Registered
Shares
(
Professional
Services
)
....................
269
491
Sonova
Holding
AG
(
Health
Care
Equipment
&
Supplies
)
.........
142
1,212
Swisscom
AG
,
Registered
Shares
(
Diversified
Telecommunication
Services
)
....................
741
1,098
The
Swatch
Group
AG
,
Class
-
BR
(
Textiles,
Apparel
&
Luxury
Goods
)
.......
255
191,523
UBS
Group
AG
(
Capital
Markets
)
......
5,892
3,139
Zurich
Insurance
Group
AG
(
Insurance
)
..
1,693
49,682
United
Kingdom
—
10
.17
%
38,163
3i
Group
PLC
(
Capital
Markets
)
.......
1,353
5,633
Admiral
Group
PLC
(
Insurance
)
.......
202
24,674
Anglo
American
PLC
(
Metals
&
Mining
)
.
608
17,119
Ashtead
Group
PLC
(
Trading
Companies
&
Distributors
)
.................
1,218
53,176
AstraZeneca
PLC
(
Pharmaceuticals
)
....
7,165
31,506
Auto
Trader
Group
PLC
(
Interactive
Media
&
Services
)
..................
278
221,258
Aviva
PLC
(
Insurance
)
..............
1,387
121,738
BAE
Systems
PLC
(
Aerospace
&
Defense
)
2,073
95,739
BP
PLC
(
Oil,
Gas
&
Consumable
Fuels
)
.
599
51,346
British
American
Tobacco
PLC
(
Tobacco
)
1,559
12,788
Bunzl
PLC
(
Trading
Companies
&
Distributors
)
.................
492
28,382
Burberry
Group
PLC
(
Textiles,
Apparel
&
Luxury
Goods
)
...............
434
10,781
Coca-Cola
Europacific
Partners
PLC
(
Beverages
)
..................
754
68,973
Compass
Group
PLC
(
Hotels,
Restaurants
&
Leisure
)
....................
2,022
38,420
Diageo
PLC
(
Beverages
)
............
1,418
38,064
Entain
PLC
(
Hotels,
Restaurants
&
Leisure
)
383
176,859
Haleon
PLC
(
Personal
Care
Products
)
...
743
223,327
HSBC
Holdings
PLC
(
Banks
)
.........
1,744
90,451
Imperial
Brands
PLC
(
Tobacco
)
.......
2,020
242,896
Informa
PLC
(
Media
)
...............
2,548
6,566
InterContinental
Hotels
Group
PLC
(
Hotels,
Restaurants
&
Leisure
)
..........
683
480,645
J
Sainsbury
PLC
(
Consumer
Staples
Distribution
&
Retail
)
...........
1,640
114,719
Kingfisher
PLC
(
Specialty
Retail
)
......
361
18,851
Land
Securities
Group
PLC
(
Diversified
REITs
)
.....................
157
152,198
Legal
&
General
Group
PLC
(
Insurance
)
.
489
129,651
National
Grid
PLC
(
Multi-Utilities
)
.....
1,744
4,989
Next
PLC
(
Broadline
Retail
)
..........
581
16,942
Pearson
PLC
(
Diversified
Consumer
Services
)
....................
223
56,944
RELX
PLC
(
Professional
Services
)
.....
2,460
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
Kingdom
(continued)
66,751
Rio
Tinto
PLC
(
Metals
&
Mining
)
......
$
4,226
7,432
Severn
Trent
PLC
(
Water
Utilities
)
.....
232
298,341
Shell
PLC
(
Oil,
Gas
&
Consumable
Fuels
)
9,883
100,164
Smith
&
Nephew
PLC
(
Health
Care
Equipment
&
Supplies
)
.........
1,253
12,142
Smiths
Group
PLC
(
Industrial
Conglomerates
)
...............
252
44,660
SSE
PLC
(
Electric
Utilities
)
..........
930
33,934
The
Sage
Group
PLC
(
Software
)
.......
542
18,373
The
Weir
Group
PLC
(
Machinery
)
......
469
55,598
Unilever
PLC
(
Personal
Care
Products
)
..
2,789
10,568
United
Utilities
Group
PLC
(
Water
Utilities
)
137
4,958
Whitbread
PLC
(
Hotels,
Restaurants
&
Leisure
)
....................
207
87,061
WPP
PLC
(
Media
)
.................
828
59,086
United
States
—
0
.72
%
8,324
Linde
PLC
(
Chemicals
)
.............
3,847
4,162
RB
Global,
Inc.
(
Commercial
Services
&
Supplies
)
....................
317
4,164
Total
Common
Stocks
..............
510,111
Warrant
—
0
.00
%
Canada
—
0
.00
%
835
Constellation
Software,
Inc.
,
3/31/40
(
Software
)
(a)
(b)
...............
—
Total
Warrant
...................
—
Investment
Companies
—
9
.05
%
International
Equity
Funds
—
8
.13
%
257,015
iShares
Core
MSCI
EAFE
ETF
........
19,076
560,104
Vanguard
FTSE
Developed
Markets
ETF
.
28,100
47,176
Money
Market
Funds
—
0
.92
%
5,365,394
State
Street
Institutional
Treasury
Plus
Money
Market
Fund,
Trust
Class
,
5
.20
%
(c)
....................
5,365
5,365
Total
Investment
Companies
.........
52,541
Purchased
Options
on
Futures
—
0.00%
Total
Purchased
Options
on
Futures
...
24
91
HC
CAPITAL
TRUST
The
International
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
The
following
table
reflects
the
percentage
of
total
net
assets
of
the
Portfolio
attributable
to
each
Specialist
Manager
as
of
March
31,
2024
.
Amounts
designated
as
"—"
indicate
the
Specialist
Manager
did
not
manage
any
holdings
in
that
category. 
Security
Description
Value
(000)
Total
Investments
(cost
$
299,910
)
—
96
.93
%
.....................
$
562,676
Other
assets
in
excess
of
liabilities
—
3
.07
%
......................
17,835
Net
Assets
-
100.00%
$
580,511
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
March
31,
2024.
(c)
Annualized
7-day
yield
as
of
period-end.
ADR—American
Depositary
Receipt
ETF—Exchange-Traded
Fund
REIT—Real
Estate
Investment
Trust
The
International
Equity
Portfolio
Monashee
Investment
Management,
LLC
Parametric
Portfolio
Associates,
LLC
Total
Common
Stocks
.......................................................................................................................................................
—
87.88
%
87.88
%
Warrant
....................................................................................................................................................................
—
0.00
%
0.00
%
Investment
Companies
.............................................................................................................................................
8.22
%
0.83
%
9.05
%
Purchased
Options
on
Futures
.................................................................................................................................
0.00
%
—
0.00
%
Other
Assets
(Liabilities)
.........................................................................................................................................
2.03
%
1.04
%
3.07
%
Total
Net
Assets
..................................................................................................................................................
10.25
%
89.75
%
100.00
%
The
following
table
reflects
the
open
derivative
positions
held
by
the
Portfolio
as
of
March
31,
2024
.
Futures
Contracts
Purchased
*
Description
Number
of
Contracts
Expiration
Date
Notional
Amount
(000)
Value
and
Unrealized
Appreciation/
(Depreciation)
(000)
MSCI
EAFE
Index
Future
.......................
131
6/21/24
$
15,439
$
(
7
)
$
15,439
$
(
7
)
The
following
table
reflects
the
open
derivative
positions
held
by
the
Portfolio
as
of
March
31,
2024
.
Futures
Contracts
Sold
*
Description
Number
of
Contracts
Expiration
Date
Notional
Amount
(000)
Value
and
Unrealized
Appreciation/
(Depreciation)
(000)
E-Mini
S&P
500
Future
.........................
16
6/21/24
$
4,247
$
(
62
)
$
4,247
$
(
62
)
Total
Unrealized
Appreciation
.....................
$
—
Total
Unrealized
Depreciation
.....................
(
69
)
Total
Net
Unrealized
Appreciation/(Depreciation)
.......
$
(
69
)
*
Cash
has
been
pledged
as
collateral
for
futures
contracts
held
by
the
Portfolio.
92
HC
CAPITAL
TRUST
The
International
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Options
on
Futures
Contracts
Exchange-traded
options
on
futures
contacts
written
as
of
March
31,
2024
were
as
follows:
Description
Put/Call
Number
of
Contracts
Notional
Amount
(000)
Exercise
Price
Expiration
Date
Value
(000)
E-Mini
S&P
500
Future
Option
.............
Put
3
$
780
$
5,200.00
4/19/24
$
(
3
)
E-Mini
S&P
500
Future
Option
.............
Put
10
2,200
4,400.00
4/19/24
(
1
)
E-Mini
S&P
500
Future
Option
.............
Put
11
2,434
4,425.00
4/19/24
(
1
)
E-Mini
S&P
500
Future
Option
.............
Put
7
1,558
4,450.00
4/19/24
(
1
)
E-Mini
S&P
500
Future
Option
.............
Put
8
1,800
4,500.00
4/19/24
(
1
)
E-Mini
S&P
500
Future
Option
.............
Put
10
2,263
4,525.00
4/19/24
(
1
)
E-Mini
S&P
500
Future
Option
.............
Put
8
1,730
4,325.00
4/19/24
(
1
)
E-Mini
S&P
500
Future
Option
.............
Put
10
2,175
4,350.00
4/19/24
(
1
)
E-Mini
S&P
500
Future
Option
.............
Put
2
510
5,100.00
4/26/24
(
3
)
E-Mini
S&P
500
Future
Option
.............
Put
3
780
5,200.00
4/30/24
(
5
)
E-Mini
S&P
500
Future
Option
.............
Put
6
1,358
4,525.00
4/30/24
(
1
)
E-Mini
S&P
500
Future
Option
.............
Put
5
1,138
4,550.00
4/30/24
(
1
)
E-Mini
S&P
500
Future
Option
.............
Put
10
2,410
4,820.00
4/30/24
(
2
)
E-Mini
S&P
500
Future
Option
.............
Put
7
1,601
4,575.00
4/30/24
(
1
)
E-Mini
S&P
500
Future
Option
.............
Put
10
2,375
4,750.00
4/30/24
(
2
)
E-Mini
S&P
500
Future
Option
.............
Put
9
2,126
4,725.00
4/30/24
(
2
)
E-Mini
S&P
500
Future
Option
.............
Put
1
233
4,650.00
4/30/24
—
E-Mini
S&P
500
Future
Option
.............
Put
11
2,544
4,625.00
4/30/24
(
2
)
E-Mini
S&P
500
Future
Option
.............
Put
12
2,759
4,600.00
4/30/24
(
2
)
E-Mini
S&P
500
Future
Option
.............
Put
10
2,480
4,960.00
4/30/24
(
4
)
E-Mini
S&P
500
Future
Option
.............
Put
2
498
4,980.00
5/10/24
(
3
)
E-Mini
S&P
500
Future
Option
.............
Put
5
1,156
4,625.00
5/17/24
(
2
)
E-Mini
S&P
500
Future
Option
.............
Put
5
1,125
4,500.00
5/17/24
(
1
)
E-Mini
S&P
500
Future
Option
.............
Put
6
1,335
4,450.00
5/17/24
(
1
)
E-Mini
S&P
500
Future
Option
.............
Put
7
1,671
4,775.00
5/17/24
(
3
)
E-Mini
S&P
500
Future
Option
.............
Put
5
1,088
4,350.00
5/17/24
(
1
)
E-Mini
S&P
500
Future
Option
.............
Put
8
1,860
4,650.00
5/17/24
(
3
)
E-Mini
S&P
500
Future
Option
.............
Put
5
1,238
4,950.00
5/17/24
(
9
)
E-Mini
S&P
500
Future
Option
.............
Put
1
241
4,815.00
5/17/24
(
1
)
E-Mini
S&P
500
Future
Option
.............
Put
18
4,252
4,725.00
5/17/24
(
7
)
E-Mini
S&P
500
Future
Option
.............
Put
2
478
4,775.00
5/17/24
(
2
)
E-Mini
S&P
500
Future
Option
.............
Put
7
1,549
4,425.00
5/17/24
(
1
)
E-Mini
S&P
500
Future
Option
.............
Put
20
4,674
4,675.00
5/17/24
(
7
)
E-Mini
S&P
500
Future
Option
.............
Put
15
3,618
4,825.00
5/17/24
(
8
)
E-Mini
S&P
500
Future
Option
.............
Put
20
4,749
4,750.00
5/17/24
(
8
)
E-Mini
S&P
500
Future
Option
.............
Put
5
1,213
4,850.00
5/17/24
(
3
)
E-Mini
S&P
500
Future
Option
.............
Put
11
2,640
4,800.00
5/17/24
(
5
)
E-Mini
S&P
500
Future
Option
.............
Put
2
493
4,925.00
5/17/24
(
3
)
E-Mini
S&P
500
Future
Option
.............
Put
5
1,238
4,950.00
5/17/24
(
4
)
E-Mini
S&P
500
Future
Option
.............
Put
18
4,229
4,700.00
5/17/24
(
7
)
E-Mini
S&P
500
Future
Option
.............
Put
3
739
4,925.00
5/31/24
(
3
)
E-Mini
S&P
500
Future
Option
.............
Put
2
486
4,860.00
5/31/24
(
4
)
E-Mini
S&P
500
Future
Option
.............
Put
3
723
4,820.00
5/31/24
(
5
)
E-Mini
S&P
500
Future
Option
.............
Put
2
484
4,840.00
5/31/24
(
3
)
E-Mini
S&P
500
Future
Option
.............
Put
4
974
4,870.00
5/31/24
(
7
)
E-Mini
S&P
500
Future
Option
.............
Put
2
490
4,900.00
5/31/24
(
4
)
E-Mini
S&P
500
Future
Option
.............
Put
2
493
4,925.00
5/31/24
(
4
)
93
HC
CAPITAL
TRUST
The
International
Equity
Portfolio
Portfolio
of
Investments
(concluded)
—
March
31,
2024
(Unaudited)
Options
on
Futures
Contracts
(continued)
Description
Put/Call
Number
of
Contracts
Notional
Amount
(000)
Exercise
Price
Expiration
Date
Value
(000)
E-Mini
S&P
500
Future
Option
.............
Put
3
$
728
$
4,850.00
5/31/24
$
(
5
)
E-Mini
S&P
500
Future
Option
.............
Put
5
1,144
4,575.00
5/31/24
(
2
)
E-Mini
S&P
500
Future
Option
.............
Put
5
1,150
4,600.00
5/31/24
(
2
)
E-Mini
S&P
500
Future
Option
.............
Put
18
4,252
4,725.00
5/31/24
(
10
)
E-Mini
S&P
500
Future
Option
.............
Put
17
3,994
4,700.00
5/31/24
(
9
)
E-Mini
S&P
500
Future
Option
.............
Put
4
980
4,900.00
5/31/24
(
4
)
E-Mini
S&P
500
Future
Option
.............
Put
2
485
4,850.00
5/31/24
(
3
)
E-Mini
S&P
500
Future
Option
.............
Put
4
955
4,775.00
5/31/24
(
5
)
E-Mini
S&P
500
Future
Option
.............
Put
2
475
4,750.00
5/31/24
(
3
)
E-Mini
S&P
500
Future
Option
.............
Put
1
240
4,800.00
5/31/24
(
1
)
E-Mini
S&P
500
Future
Option
.............
Put
21
4,882
4,650.00
5/31/24
(
9
)
E-Mini
S&P
500
Future
Option
.............
Put
4
970
4,850.00
5/31/24
(
3
)
E-Mini
S&P
500
Future
Option
.............
Put
4
952
4,760.00
6/21/24
(
8
)
E-Mini
S&P
500
Future
Option
.............
Put
4
950
4,750.00
6/21/24
(
4
)
E-Mini
S&P
500
Future
Option
.............
Put
8
1,930
4,825.00
6/21/24
(
9
)
E-Mini
S&P
500
Future
Option
.............
Put
5
1,200
4,800.00
6/21/24
(
10
)
E-Mini
S&P
500
Future
Option
.............
Put
2
470
4,700.00
6/21/24
(
3
)
$
(
234
)
Exchanged-traded
options
on
futures
contacts
purchased
as
of
March
31,
2024
were
as
follows:
Description
Put/Call
Number
of
Contracts
Notional
Amount
(000)
Exercise
Price
Expiration
Date
Value
(000)
E-Mini
S&P
500
Future
Option
.............
Put
9
$
2,125
$
4,725.00
4/19/24
$
1
E-Mini
S&P
500
Future
Option
.............
Put
9
2,115
4,700.00
4/19/24
1
E-Mini
S&P
500
Future
Option
.............
Put
4
930
4,650.00
4/19/24
—
E-Mini
S&P
500
Future
Option
.............
Put
5
1,275
5,100.00
4/19/24
2
E-Mini
S&P
500
Future
Option
.............
Put
5
1,263
5,050.00
4/19/24
5
E-Mini
S&P
500
Future
Option
.............
Put
6
1,455
4,850.00
4/19/24
2
E-Mini
S&P
500
Future
Option
.............
Put
2
481
4,810.00
4/30/24
1
E-Mini
S&P
500
Future
Option
.............
Put
2
482
4,820.00
4/30/24
1
E-Mini
S&P
500
Future
Option
.............
Put
4
980
4,900.00
4/30/24
3
E-Mini
S&P
500
Future
Option
.............
Put
5
1,200
4,800.00
4/30/24
2
E-Mini
S&P
500
Future
Option
.............
Put
3
719
4,790.00
4/30/24
1
E-Mini
S&P
500
Future
Option
.............
Put
5
1,275
5,100.00
4/30/24
5
$
24
HC
CAPITAL
TRUST
The
Institutional
International
Equity
Portfolio
Portfolio
of
Investments
—
March
31,
2024
(Unaudited)
94
Shares
Security
Description
Value
(000)
Common
Stocks
—
50.35%
Australia
—
2.90%
7,021
Ampol
Ltd.
(Oil,
Gas
&
Consumable
Fuels)
$
182
60,743
ANZ
Group
Holdings
Ltd.
(Banks)
.....
1,163
70,869
APA
Group
(Gas
Utilities)
...........
389
11,711
Aristocrat
Leisure
Ltd.
(Hotels,
Restaurants
&
Leisure)
...................
328
7,483
ASX
Ltd.
(Capital
Markets)
..........
324
81,754
Aurizon
Holdings
Ltd.
(Ground
Transportation)
...............
213
102,715
BHP
Group
Ltd.
(Metals
&
Mining)
.....
2,963
8,894
BlueScope
Steel
Ltd.
(Metals
&
Mining)
.
138
48,418
Brambles
Ltd.
(Commercial
Services
&
Supplies)
....................
509
9,976
CAR
Group
Ltd.
(Interactive
Media
&
Services)
....................
235
1,733
Cochlear
Ltd.
(Health
Care
Equipment
&
Supplies)
....................
381
49,477
Coles
Group
Ltd.
(Consumer
Staples
Distribution
&
Retail)
...........
546
33,916
Commonwealth
Bank
of
Australia
(Banks)
2,659
20,763
Computershare
Ltd.
(Professional
Services)
353
10,485
CSL
Ltd.
(Biotechnology)
............
1,966
35,723
Dexus
(Office
REITs)
...............
184
3,158
EBOS
Group
Ltd.
(Health
Care
Providers
&
Services)
....................
65
83,914
Endeavour
Group
Ltd.
(Consumer
Staples
Distribution
&
Retail)
...........
301
34,432
Fortescue
Ltd.
(Metals
&
Mining)
......
577
34,732
Goodman
Group
(Industrial
REITs)
.....
765
5,305
IDP
Education
Ltd.
(Diversified
Consumer
Services)
....................
62
93,478
Insurance
Australia
Group
Ltd.
(Insurance)
390
7,472
Macquarie
Group
Ltd.
(Capital
Markets)
.
972
152,123
Medibank
Pvt.
Ltd.
(Insurance)
........
372
3,524
Mineral
Resources
Ltd.
(Metals
&
Mining)
163
79,166
Mirvac
Group
(Diversified
REITs)
......
122
63,151
National
Australia
Bank
Ltd.
(Banks)
....
1,425
29,459
Northern
Star
Resources
Ltd.
(Metals
&
Mining)
.....................
278
9,744
Orica
Ltd.
(Chemicals)
..............
116
50,524
Origin
Energy
Ltd.
(Electric
Utilities)
...
303
57,360
Pilbara
Minerals
Ltd.
(Metals
&
Mining)^
143
16,953
Qantas
Airways
Ltd.
(Passenger
Airlines)(a)
60
33,514
QBE
Insurance
Group
Ltd.
(Insurance)
..
396
8,760
Ramsay
Health
Care
Ltd.
(Health
Care
Providers
&
Services)
...........
323
1,060
REA
Group
Ltd.
(Interactive
Media
&
Services)
....................
128
4,375
Reece
Ltd.
(Trading
Companies
&
Distributors)
.................
80
7,555
Rio
Tinto
Ltd.
(Metals
&
Mining)
......
599
65,160
Santos
Ltd.
(Oil,
Gas
&
Consumable
Fuels)
(b)
........................
329
104,135
Scentre
Group
(Retail
REITs)
.........
230
7,147
SEEK
Ltd.
(Interactive
Media
&
Services)
117
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Australia
(continued)
3,080
Seven
Group
Holdings
Ltd.
(Trading
Companies
&
Distributors)
.......
$
82
16,146
Sonic
Healthcare
Ltd.
(Health
Care
Providers
&
Services)
...........
309
90,994
South32
Ltd.
(Metals
&
Mining)
.......
178
50,708
Stockland
(Diversified
REITs)
.........
160
35,429
Suncorp
Group
Ltd.
(Insurance)
.......
378
167,556
Telstra
Group
Ltd.
(Diversified
Telecommunication
Services)
.....
421
38,432
The
GPT
Group
(Diversified
REITs)
....
114
108,996
The
Lottery
Corp.
Ltd.
(Hotels,
Restaurants
&
Leisure)
...................
366
78,301
Transurban
Group
(Transportation
Infrastructure)
................
680
30,450
Treasury
Wine
Estates
Ltd.
(Beverages)
..
247
77,574
Vicinity
Ltd.
(Retail
REITs)(b)
........
108
6,331
Washington
H
Soul
Pattinson
&
Co.
Ltd.
(Financial
Services)
............
139
23,075
Wesfarmers
Ltd.
(Broadline
Retail)
.....
1,028
70,891
Westpac
Banking
Corp.
(Banks)
.......
1,205
3,344
WiseTech
Global
Ltd.
(Software)
.......
205
38,519
Woodside
Energy
Group
Ltd.
(Oil,
Gas
&
Consumable
Fuels)
.............
765
32,436
Woolworths
Group
Ltd.
(Consumer
Staples
Distribution
&
Retail)
...........
701
27,935
Austria
—
0.06%
6,898
Erste
Group
Bank
AG
(Banks)(b)
......
307
2,955
OMV
AG
(Oil,
Gas
&
Consumable
Fuels)
140
1,358
Verbund
AG
(Electric
Utilities)
........
99
2,215
voestalpine
AG
(Metals
&
Mining)
.....
62
608
Belgium
—
0.45%
3,275
Ageas
SA/N.V.
(Insurance)
...........
152
36,583
Anheuser-Busch
InBev
SA/N.V.
(Beverages)
..................
2,229
431
D'ieteren
Group
(Distributors)
.........
96
1,863
Elia
Group
SA/N.V.
(Electric
Utilities)(b)
201
2,260
Groupe
Bruxelles
Lambert
N.V.
(Financial
Services)
....................
170
5,022
KBC
Group
N.V.
(Banks)
............
376
20
Lotus
Bakeries
N.V.
(Food
Products)(b)
..
193
298
Sofina
SA
(Financial
Services)
........
67
1,525
Syensqo
SA
(Chemicals)(a)
...........
144
3,495
UCB
SA
(Pharmaceuticals)
...........
431
4,241
Umicore
SA
(Chemicals)(b)
..........
91
6,017
Warehouses
De
Pauw
CVA
(Industrial
REITs)
.....................
172
4,322
Canada
—
1.01%
1,014
Agnico
Eagle
Mines
Ltd.
(Metals
&
Mining)
60
95
HC
CAPITAL
TRUST
The
Institutional
International
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Canada
(continued)
19,642
Algonquin
Power
&
Utilities
Corp.
(Multi-
Utilities)
....................
$
124
1,210
Alimentation
Couche-Tard,
Inc.
(Consumer
Staples
Distribution
&
Retail)
.....
69
8,890
Barrick
Gold
Corp.
(Metals
&
Mining)
..
148
5,435
BCE,
Inc.
(Diversified
Telecommunication
Services)
....................
185
14,209
Canadian
Pacific
Kansas
City
Ltd.
(Ground
Transportation)
...............
1,253
364
Canadian
Tire
Corp.
Ltd.,
Class
-
A
(Broadline
Retail)
.............
36
9,417
Canadian
Utilities
Ltd.,
Class
-
A
(Multi-
Utilities)
....................
214
2,392
CCL
Industries,
Inc.,
Class
-
B
(Containers
&
Packaging)(b)
..............
122
70,302
Cenovus
Energy,
Inc.
(Oil,
Gas
&
Consumable
Fuels)
.............
1,406
1,093
CGI,
Inc.
(IT
Services)(a)
............
121
2,384
Dollarama,
Inc.
(Broadline
Retail)
......
182
2,695
Element
Fleet
Management
Corp.
(Commercial
Services
&
Supplies)(b)
44
6,254
Emera,
Inc.
(Electric
Utilities)
.........
220
9,784
Empire
Co.
Ltd.,
Class
-
A
(Consumer
Staples
Distribution
&
Retail)
.....
239
1,820
Enbridge,
Inc.
(Oil,
Gas
&
Consumable
Fuels)
......................
66
146
Fairfax
Financial
Holdings
Ltd.
(Insurance)
157
6,470
Fortis,
Inc.
(Electric
Utilities)
.........
256
916
Franco-Nevada
Corp.
(Metals
&
Mining)
.
109
1,684
George
Weston
Ltd.
(Consumer
Staples
Distribution
&
Retail)
...........
228
4,326
Great-West
Lifeco,
Inc.
(Insurance)
.....
138
7,908
Hydro
One
Ltd.
(Electric
Utilities)(b)
....
231
1,135
Intact
Financial
Corp.
(Insurance)(b)
....
184
2,544
Loblaw
Cos.
Ltd.
(Consumer
Staples
Distribution
&
Retail)
...........
282
4,692
Metro,
Inc.
(Consumer
Staples
Distribution
&
Retail)
....................
252
8,067
Northland
Power,
Inc.
(Independent
Power
and
Renewable
Electricity
Producers)
132
3,058
Power
Corp.
of
Canada
(Insurance)
.....
86
7,496
Quebecor,
Inc.,
Class
-
B
(Diversified
Telecommunication
Services)
.....
164
2,097
Restaurant
Brands
International,
Inc.
(Hotels,
Restaurants
&
Leisure)
....
167
4,343
Rogers
Communications,
Inc.,
Class
-
B
(Wireless
Telecommunication
Services)
....................
178
610
Royal
Bank
of
Canada
(Banks)
........
62
9,361
Saputo,
Inc.
(Food
Products)(b)
........
184
1,129
Stantec,
Inc.
(Construction
&
Engineering)
94
1,509
Sun
Life
Financial,
Inc.
(Insurance)
.....
82
1,725
TC
Energy
Corp.
(Oil,
Gas
&
Consumable
Fuels)
......................
69
31,871
Teck
Resources
Ltd.,
Class
-
B
(Metals
&
Mining)
.....................
1,458
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Canada
(continued)
8,778
TELUS
Corp.
(Diversified
Telecommunication
Services)
.....
$
140
1,274
The
Descartes
Systems
Group,
Inc.
(Software)(a)
.................
117
1,466
Thomson
Reuters
Corp.
(Professional
Services)
....................
228
6,775
TMX
Group
Ltd.
(Capital
Markets)
.....
179
357
Toromont
Industries
Ltd.
(Trading
Companies
&
Distributors)
.......
34
9,700
Chile
—
0.02%
7,912
Antofagasta
PLC
(Metals
&
Mining)
....
204
Denmark
—
1.74%
61
A.P.
Moller
-
Maersk
A/S,
Class
-
A
(Marine
Transportation)
...............
78
84
A.P.
Moller
-
Maersk
A/S,
Class
-
B
(Marine
Transportation)
...............
109
4,385
Carlsberg
A/S,
Class
-
B
(Beverages)
....
599
4,628
Coloplast
A/S,
Class
-
B
(Health
Care
Equipment
&
Supplies)
.........
625
31,077
Danske
Bank
A/S
(Banks)
............
929
2,022
Demant
A/S
(Health
Care
Equipment
&
Supplies)(a)
..................
100
3,569
DSV
A/S
(Air
Freight
&
Logistics)
.....
579
1,326
Genmab
A/S
(Biotechnology)(a)(b)
.....
400
75,855
Novo
Nordisk
A/S,
Class
-
B
(Pharmaceuticals)
.............
9,671
10,848
Novonesis,
B
shares
(Chemicals)
.......
636
5,751
Orsted
A/S
(Electric
Utilities)(b)
.......
320
1,920
Pandora
A/S
(Textiles,
Apparel
&
Luxury
Goods)
.....................
309
193
ROCKWOOL
A/S,
Class
-
B
(Building
Products)
....................
63
26,337
Tryg
A/S
(Insurance)(b)
.............
542
65,928
Vestas
Wind
Systems
A/S
(Electrical
Equipment)(a)
................
1,840
16,800
Finland
—
0.39%
5,913
Elisa
Oyj
(Diversified
Telecommunication
Services)
....................
263
8,942
Fortum
Oyj
(Electric
Utilities)^
........
110
9,152
Kesko
Oyj,
Class
-
B
(Consumer
Staples
Distribution
&
Retail)
...........
171
6,819
Kone
Oyj,
Class
-
B
(Machinery)
.......
317
13,507
Metso
Oyj
(Machinery)(b)
...........
160
8,488
Neste
Oyj
(Oil,
Gas
&
Consumable
Fuels)
230
108,485
Nokia
Oyj
(Communications
Equipment)
.
386
68,246
Nordea
Bank
Abp
(Banks)
...........
771
5,181
Orion
Oyj,
Class
-
B
(Pharmaceuticals)
..
193
11,381
Sampo
Oyj,
A
Shares
(Insurance)
......
486
11,612
Stora
Enso
Oyj,
Registered
Shares
(Paper
&
Forest
Products)
...............
161
96
HC
CAPITAL
TRUST
The
Institutional
International
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Finland
(continued)
10,708
UPM-Kymmene
Oyj
(Paper
&
Forest
Products)
....................
$
357
9,497
Wartsila
Oyj
Abp
(Machinery)
.........
144
3,749
France
—
5.64%
3,986
Accor
SA
(Hotels,
Restaurants
&
Leisure)
186
1,541
Aeroports
de
Paris
SA
(Transportation
Infrastructure)
................
211
11,079
Air
Liquide
SA
(Chemicals)
..........
2,304
12,020
Airbus
SE
(Aerospace
&
Defense)
......
2,213
5,544
Alstom
SA
(Machinery)
.............
85
1,199
Amundi
SA
(Capital
Markets)
.........
82
1,204
Arkema
SA
(Chemicals)
.............
127
36,893
AXA
SA
(Insurance)
...............
1,386
3,427
BioMerieux
(Health
Care
Equipment
&
Supplies)
....................
378
20,931
BNP
Paribas
SA
(Banks)
.............
1,487
38,991
Bollore
SE
(Entertainment)
...........
261
10,236
Bouygues
SA
(Construction
&
Engineering)
418
13,040
Bureau
Veritas
SA
(Professional
Services)
(b)
........................
398
3,134
Capgemini
SE
(IT
Services)
..........
721
32,364
Carrefour
SA
(Consumer
Staples
Distribution
&
Retail)(b)
........
554
9,254
Cie
de
Saint-Gobain
SA
(Building
Products)
718
13,611
Cie
Generale
des
Etablissements
Michelin
SCA
(Automobile
Components)
...
522
928
Covivio
SA
(Office
REITs)
...........
48
21,437
Credit
Agricole
SA
(Banks)
...........
319
17,583
Danone
SA
(Food
Products)
..........
1,136
2,003
Dassault
Aviation
SA
(Aerospace
&
Defense)(b)
..................
441
40,108
Dassault
Systemes
SE
(Software)
......
1,776
8,535
Edenred
SE
(Financial
Services)
.......
455
1,475
Eiffage
SA
(Construction
&
Engineering)(b)
167
46,364
Engie
SA
(Multi-Utilities)
............
776
11,917
EssilorLuxottica
SA
(Health
Care
Equipment
&
Supplies)
.........
2,696
846
Eurazeo
SE
(Financial
Services)
.......
74
1,463
Gecina
SA
(Office
REITs)(b)
..........
150
23,202
Getlink
SE
(Transportation
Infrastructure)
394
641
Hermes
International
SCA
(Textiles,
Apparel
&
Luxury
Goods)
..............
1,636
3,618
Ipsen
SA
(Pharmaceuticals)
...........
431
1,512
Kering
SA
(Textiles,
Apparel
&
Luxury
Goods)
.....................
598
4,316
Klepierre
SA
(Retail
REITs)
..........
112
6,921
La
Francaise
des
Jeux
SAEM
(Hotels,
Restaurants
&
Leisure)
..........
282
5,318
Legrand
SA
(Electrical
Equipment)
.....
563
7,375
L'Oreal
SA
(Personal
Care
Products)
....
3,489
6,951
LVMH
Moet
Hennessy
Louis
Vuitton
SE
(Textiles,
Apparel
&
Luxury
Goods)
6,250
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
France
(continued)
69,381
Orange
SA
(Diversified
Telecommunication
Services)(b)
..................
$
815
4,903
Pernod
Ricard
SA
(Beverages)
........
793
4,592
Publicis
Groupe
SA
(Media)
..........
501
1,019
Remy
Cointreau
SA
(Beverages)
.......
103
3,857
Renault
SA
(Automobiles)
...........
195
4,788
Rexel
SA
(Trading
Companies
&
Distributors)
.................
129
6,898
Safran
SA
(Aerospace
&
Defense)
......
1,563
39,399
Sanofi
SA
(Pharmaceuticals)
..........
3,865
625
Sartorius
Stedim
Biotech
(Life
Sciences
Tools
&
Services)
..............
178
16,588
Schneider
Electric
SE
(Electrical
Equipment)(b)
................
3,751
1,167
SEB
SA
(Household
Durables)(b)
......
149
14,820
Societe
Generale
SA
(Banks)
.........
397
3,531
Sodexo
SA
(Hotels,
Restaurants
&
Leisure)
303
2,356
Teleperformance
SE
(Professional
Services)
229
4,520
Thales
SA
(Aerospace
&
Defense)
......
771
64,595
TotalEnergies
SE
(Oil,
Gas
&
Consumable
Fuels)
......................
4,422
2,371
Unibail-Rodamco-Westfield
(Retail
REITs)
(a)
........................
191
13,895
Veolia
Environnement
SA
(Multi-Utilities)
452
10,186
Vinci
SA
(Construction
&
Engineering)
..
1,305
36,288
Vivendi
SE
(Media)
................
395
4,959
Worldline
SA
(Financial
Services)(a)
....
61
54,412
Germany
—
4.03%
3,291
adidas
AG
(Textiles,
Apparel
&
Luxury
Goods)
.....................
735
8,234
Allianz
SE,
Registered
Shares
(Insurance)
2,468
18,208
BASF
SE
(Chemicals)
..............
1,040
25,296
Bayer
AG,
Registered
Shares
(Pharmaceuticals)
.............
776
6,469
Bayerische
Motoren
Werke
AG
(Automobiles)
................
746
1,182
Bayerische
Motoren
Werke
AG,
Preference
Shares
(Automobiles)
...........
127
1,611
Bechtle
AG
(IT
Services)
............
85
3,926
Beiersdorf
AG
(Personal
Care
Products)
..
571
3,062
Brenntag
SE
(Trading
Companies
&
Distributors)
.................
258
873
Carl
Zeiss
Meditec
AG,
Class
-
BR
(Health
Care
Equipment
&
Supplies)
......
109
126,320
Commerzbank
AG
(Banks)
...........
1,734
2,207
Continental
AG
(Automobile
Components)
159
3,881
Covestro
AG
(Chemicals)(a)
..........
212
10,732
Daimler
Truck
Holding
AG
(Machinery)
.
544
3,530
Delivery
Hero
SE
(Hotels,
Restaurants
&
Leisure)(a)
..................
101
38,887
Deutsche
Bank
AG,
Registered
Shares
(Capital
Markets)
..............
612
5,177
Deutsche
Boerse
AG
(Capital
Markets)
..
1,059
97
HC
CAPITAL
TRUST
The
Institutional
International
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Germany
(continued)
12,004
Deutsche
Lufthansa
AG,
Registered
Shares
(Passenger
Airlines)(a)(b)
........
$
94
20,202
Deutsche
Post
AG
(Air
Freight
&
Logistics)
870
75,520
Deutsche
Telekom
AG
(Diversified
Telecommunication
Services)(b)
...
1,834
3,445
Dr.
Ing.
h.c.
F.
Porsche
AG,
Preference
Shares
(Automobiles)
...........
342
61,018
E.ON
SE
(Multi-Utilities)
............
848
4,610
Evonik
Industries
AG
(Chemicals)
......
91
9,306
Fresenius
Medical
Care
AG
(Health
Care
Providers
&
Services)
...........
357
14,758
Fresenius
SE
&
Co.
KGaA
(Health
Care
Providers
&
Services)
...........
398
5,558
GEA
Group
AG
(Machinery)
.........
235
1,785
Hannover
Rueck
SE
(Insurance)
.......
488
2,713
Heidelberg
Materials
AG
(Construction
Materials)
...................
298
2,085
Henkel
AG
&
Co.
KGaA
(Household
Products)
....................
150
6,670
Henkel
AG
&
Co.
KGaA,
Preference
Shares
(Household
Products)
...........
536
60,701
Infineon
Technologies
AG
(Semiconductors
&
Semiconductor
Equipment)(b)
...
2,064
1,432
Knorr-Bremse
AG
(Machinery)
........
108
2,353
LEG
Immobilien
SE
(Real
Estate
Management
&
Development)(a)
...
202
16,205
Mercedes-Benz
Group
AG
(Automobiles)
1,290
3,723
Merck
KGaA
(Pharmaceuticals)
.......
657
1,080
MTU
Aero
Engines
AG
(Aerospace
&
Defense)
....................
274
3,035
Muenchener
Rueckversicherungs-
Gesellschaft
AG
in
Muenchen,
Registered
Shares
(Insurance)
.....
1,481
1,248
Nemetschek
SE
(Software)
...........
123
3,072
Porsche
Automobil
Holding
SE,
Preference
Shares
(Automobiles)
...........
163
2,106
Puma
SE
(Textiles,
Apparel
&
Luxury
Goods)(b)
...................
95
154
Rational
AG
(Machinery)
............
133
1,509
Rheinmetall
AG
(Aerospace
&
Defense)
.
848
19,232
RWE
AG
(Independent
Power
and
Renewable
Electricity
Producers)
..
652
28,301
SAP
SE
(Software)
.................
5,510
526
Sartorius
AG,
Preference
Shares
(Life
Sciences
Tools
&
Services)(b)
.....
209
3,340
Scout24
SE
(Interactive
Media
&
Services)
252
22,021
Siemens
AG,
Registered
Shares
(Industrial
Conglomerates)
...............
4,205
10,424
Siemens
Energy
AG
(Electrical
Equipment)
(a)(b)
......................
191
7,529
Siemens
Healthineers
AG
(Health
Care
Equipment
&
Supplies)(a)
.......
460
4,984
Symrise
AG
(Chemicals)(b)
..........
597
3,511
Talanx
AG
(Insurance)
..............
278
640
Volkswagen
AG
(Automobiles)
........
98
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Germany
(continued)
4,137
Volkswagen
AG,
Preference
Shares
(Automobiles)
................
$
548
14,710
Vonovia
SE
(Real
Estate
Management
&
Development)
................
435
4,498
Zalando
SE
(Specialty
Retail)(a)
.......
129
38,879
Hong
Kong
—
0.99%
377,318
AIA
Group
Ltd.
(Insurance)
..........
2,534
94,695
BOC
Hong
Kong
Holdings
Ltd.
(Banks)
.
254
588,000
China
Common
Rich
Renewable
Energy
Investment
Ltd.
(Independent
Power
and
Renewable
Electricity
Producers)
(c)
........................
—
48,700
CK
Asset
Holdings
Ltd.
(Real
Estate
Management
&
Development)
.....
200
53,910
CK
Hutchison
Holdings
Ltd.
(Industrial
Conglomerates)
...............
260
26,500
CK
Infrastructure
Holdings
Ltd.
(Electric
Utilities)
....................
155
47,719
CLP
Holdings
Ltd.
(Electric
Utilities)
...
381
36,200
ESR
Group
Ltd.
(Real
Estate
Management
&
Development)
..............
39
1,119
Futu
Holdings
Ltd.,
ADR
(Capital
Markets)
(a)
........................
61
44,000
Galaxy
Entertainment
Group
Ltd.
(Hotels,
Restaurants
&
Leisure)
..........
221
40,720
Hang
Lung
Properties
Ltd.
(Real
Estate
Management
&
Development)
.....
42
18,139
Hang
Seng
Bank
Ltd.
(Banks)
.........
199
28,845
Henderson
Land
Development
Co.
Ltd.
(Real
Estate
Management
&
Development)
................
82
175,550
HKT
Trust
&
HKT
Ltd.
(Diversified
Telecommunication
Services)(b)
...
204
309,247
Hong
Kong
&
China
Gas
Co.
Ltd.
(Gas
Utilities)
....................
234
24,200
Hong
Kong
Exchanges
&
Clearing
Ltd.
(Capital
Markets)
..............
704
46,740
Hongkong
Land
Holdings
Ltd.
(Real
Estate
Management
&
Development)
.....
144
6,000
Jardine
Matheson
Holdings
Ltd.
(Industrial
Conglomerates)
...............
223
60,634
Link
REIT
(Retail
REITs)
............
260
54,000
MTR
Corp.
Ltd.
(Ground
Transportation)
.
178
43,868
Power
Assets
Holdings
Ltd.
(Electric
Utilities)
....................
257
172,223
Prudential
PLC
(Insurance)
...........
1,616
133,328
Sino
Land
Co.
Ltd.
(Real
Estate
Management
&
Development)
.....
138
29,000
SITC
International
Holdings
Co.
Ltd.
(Marine
Transportation)
.........
53
28,860
Sun
Hung
Kai
Properties
Ltd.
(Real
Estate
Management
&
Development)
.....
278
9,430
Swire
Pacific
Ltd.,
Class
-
A
(Real
Estate
Management
&
Development)
.....
78
98
HC
CAPITAL
TRUST
The
Institutional
International
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Hong
Kong
(continued)
25,400
Swire
Properties
Ltd.
(Real
Estate
Management
&
Development)
.....
$
53
28,500
Techtronic
Industries
Co.
Ltd.
(Machinery)
386
22,000
The
Wharf
Holdings
Ltd.
(Real
Estate
Management
&
Development)
.....
72
166,856
WH
Group
Ltd.
(Food
Products)
.......
110
33,000
Wharf
Real
Estate
Investment
Co.
Ltd.
(Real
Estate
Management
&
Development)
107
9,523
Ireland
(Republic
of)
—
1.04%
15,967
AerCap
Holdings
N.V.
(Trading
Companies
&
Distributors)(a)
.............
1,389
3,548
AerCap
Holdings
N.V.
(Trading
Companies
&
Distributors)(a)
.............
308
31,524
AIB
Group
PLC
(Banks)
............
160
21,199
Bank
of
Ireland
Group
PLC
(Banks)
....
216
14,090
CRH
PLC
(Construction
Materials)
.....
1,214
15,573
CRH
PLC
(Construction
Materials)
.....
1,343
2,432
DCC
PLC
(Industrial
Conglomerates)(b)
.
177
48,258
Experian
PLC
(Professional
Services)
...
2,103
3,584
Flutter
Entertainment
PLC
(Hotels,
Restaurants
&
Leisure)(a)(b)
......
714
8,830
James
Hardie
Industries
PLC
(Construction
Materials)(a)
.................
354
3,198
Kerry
Group
PLC,
Class
-
A
(Food
Products)(b)
.................
274
3,256
Kingspan
Group
PLC
(Building
Products)
297
8,727
Ryanair
Holdings
PLC,
ADR
(Passenger
Airlines)(a)
..................
1,271
5,224
Smurfit
Kappa
Group
PLC
(Containers
&
Packaging)(b)
................
238
10,058
Israel
—
0.57%
1,661
Azrieli
Group
Ltd.
(Real
Estate
Management
&
Development)
..............
120
25,488
Bank
Hapoalim
BM
(Banks)
..........
239
30,579
Bank
Leumi
Le-Israel
BM
(Banks)
.....
254
2,270
Check
Point
Software
Technologies
Ltd.
(Software)(a)
.................
372
838
CyberArk
Software
Ltd.
(Software)(a)
...
223
1,005
Elbit
Systems
Ltd.
(Aerospace
&
Defense)
210
2,055
Global-e
Online
Ltd.
(Broadline
Retail)(a)
75
30,976
ICL
Group
Ltd.
(Chemicals)
..........
164
1
Isracard
Ltd.
(Consumer
Finance)
......
—
25,858
Israel
Discount
Bank
Ltd.,
Class
-
A
(Banks)
134
3,229
Mizrahi
Tefahot
Bank
Ltd.
(Banks)
.....
121
570
Monday.com
Ltd.
(Software)(a)
........
129
1,441
Nice
Ltd.
(Software)(a)
..............
375
91,233
Teva
Pharmaceutical
Industries
Ltd.
(Pharmaceuticals)(a)
...........
1,295
22,488
Teva
Pharmaceutical
Industries
Ltd.,
ADR
(Pharmaceuticals)(a)
...........
317
1,105
Wix.com
Ltd.
(IT
Services)(a)
.........
152
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Israel
(continued)
9,633
Wix.com
Ltd.
(IT
Services)(a)
.........
$
1,325
5,505
Italy
—
1.54%
4,831
Amplifon
SpA
(Health
Care
Providers
&
Services)
....................
177
22,145
Assicurazioni
Generali
SpA
(Insurance)
..
561
24,319
Banco
BPM
SpA
(Banks)
............
162
23,930
Davide
Campari-Milano
N.V.,
Class
-
M
(Beverages)(b)
................
240
2,039
DiaSorin
SpA
(Health
Care
Equipment
&
Supplies)
....................
197
352,327
Enel
SpA
(Electric
Utilities)(b)
........
2,325
48,683
Eni
SpA
(Oil,
Gas
&
Consumable
Fuels)
.
769
2,561
Ferrari
N.V.
(Automobiles)
...........
1,116
3,094
Ferrari
N.V.
(Automobiles)
...........
1,349
12,251
FinecoBank
Banca
Fineco
SpA
(Banks)
..
183
21,957
Infrastrutture
Wireless
Italiane
SpA
(Diversified
Telecommunication
Services)(b)
..................
250
690,326
Intesa
Sanpaolo
SpA
(Banks)(b)
.......
2,504
14,949
Leonardo
SpA
(Aerospace
&
Defense)
...
376
10,476
Mediobanca
Banca
di
Credito
Finanziario
SpA
(Banks)
.................
156
4,132
Moncler
SpA
(Textiles,
Apparel
&
Luxury
Goods)
.....................
308
11,816
Nexi
SpA
(Financial
Services)(a)
.......
75
9,738
Poste
Italiane
SpA
(Insurance)
.........
122
5,269
Prysmian
SpA
(Electrical
Equipment)
...
275
3,859
Recordati
Industria
Chimica
e
Farmaceutica
SpA
(Pharmaceuticals)
..........
213
82,141
Snam
SpA
(Gas
Utilities)
............
388
216,022
Telecom
Italia
SpA/Milano
(Diversified
Telecommunication
Services)^(a)
..
52
55,542
Terna
-
Rete
Elettrica
Nazionale
(Electric
Utilities)
....................
459
68,529
UniCredit
SpA
(Banks)
..............
2,600
14,857
Japan
—
10.17%
15,600
Advantest
Corp.
(Semiconductors
&
Semiconductor
Equipment)(b)
.....
690
18,300
Aeon
Co.
Ltd.
(Consumer
Staples
Distribution
&
Retail)
...........
433
3,865
AGC,
Inc.
(Building
Products)
........
140
3,200
Aisin
Corp.
(Automobile
Components)
..
130
11,100
Ajinomoto
Co.,
Inc.
(Food
Products)
....
413
8,400
ANA
Holdings,
Inc.
(Passenger
Airlines)^(b)
.................
176
9,700
Asahi
Group
Holdings
Ltd.
(Beverages)(b)
355
4,200
Asahi
Intecc
Co.
Ltd.
(Health
Care
Equipment
&
Supplies)
.........
73
25,210
Asahi
Kasei
Corp.
(Chemicals)
........
184
43,690
Astellas
Pharma,
Inc.
(Pharmaceuticals)
..
469
99
HC
CAPITAL
TRUST
The
Institutional
International
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Japan
(continued)
2,500
Azbil
Corp.
(Electronic
Equipment,
Instruments
&
Components)
......
$
69
12,000
Bandai
Namco
Holdings,
Inc.
(Leisure
Products)
....................
222
11,460
Bridgestone
Corp.
(Automobile
Components)
.................
507
5,100
Brother
Industries
Ltd.
(Technology
Hardware,
Storage
&
Peripherals)
..
94
23,947
Canon,
Inc.
(Technology
Hardware,
Storage
&
Peripherals)
................
712
10,800
Capcom
Co.
Ltd.
(Entertainment)
......
202
21,300
Central
Japan
Railway
Co.
(Ground
Transportation)
...............
528
26,600
Chubu
Electric
Power
Co.,
Inc.
(Electric
Utilities)
....................
347
13,500
Chugai
Pharmaceutical
Co.
Ltd.
(Pharmaceuticals)
.............
514
29,800
Concordia
Financial
Group
Ltd.
(Banks)
.
150
4,139
Dai
Nippon
Printing
Co.
Ltd.
(Commercial
Services
&
Supplies)
...........
126
6,100
Daifuku
Co.
Ltd.
(Machinery)
.........
145
18,900
Dai-ichi
Life
Holdings,
Inc.
(Insurance)
..
481
37,400
Daiichi
Sankyo
Co.
Ltd.
(Pharmaceuticals)
1,186
5,300
Daikin
Industries
Ltd.
(Building
Products)
722
2,147
Daito
Trust
Construction
Co.
Ltd.
(Real
Estate
Management
&
Development)
244
11,930
Daiwa
House
Industry
Co.
Ltd.
(Real
Estate
Management
&
Development)
.....
354
123
Daiwa
House
REIT
Investment
Corp.
(Diversified
REITs)
............
210
28,000
Daiwa
Securities
Group,
Inc.
(Capital
Markets)
....................
212
37,900
Denso
Corp.
(Automobile
Components)
..
722
4,270
Dentsu
Group,
Inc.
(Media)
..........
118
1,900
Disco
Corp.
(Semiconductors
&
Semiconductor
Equipment)
.......
693
26,400
East
Japan
Railway
Co.
(Ground
Transportation)
...............
506
7,700
Eisai
Co.
Ltd.
(Pharmaceuticals)
.......
317
82,678
ENEOS
Holdings,
Inc.
(Oil,
Gas
&
Consumable
Fuels)
.............
397
19,100
FANUC
Corp.
(Machinery)
...........
533
3,600
Fast
Retailing
Co.
Ltd.
(Specialty
Retail)
.
1,111
2,700
Fuji
Electric
Co.
Ltd.
(Electrical
Equipment)
180
22,530
FUJIFILM
Holdings
Corp.
(Technology
Hardware,
Storage
&
Peripherals)
..
504
35,500
Fujitsu
Ltd.
(IT
Services)(b)
..........
567
348
GLP
J-Reit
(Industrial
REITs)(b)
.......
292
2,700
Hamamatsu
Photonics
KK
(Electronic
Equipment,
Instruments
&
Components)
.................
95
8,400
Hankyu
Hanshin
Holdings,
Inc.
(Ground
Transportation)
...............
241
400
Hikari
Tsushin,
Inc.
(Industrial
Conglomerates)
...............
75
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Japan
(continued)
580
Hirose
Electric
Co.
Ltd.
(Electronic
Equipment,
Instruments
&
Components)^
................
$
59
2,200
Hitachi
Construction
Machinery
Co.
Ltd.
(Machinery)
.................
66
18,680
Hitachi
Ltd.
(Industrial
Conglomerates)
..
1,698
93,462
Honda
Motor
Co.
Ltd.
(Automobiles)
...
1,151
3,200
Hoshizaki
Corp.
(Machinery)
.........
116
7,100
Hoya
Corp.
(Health
Care
Equipment
&
Supplies)
....................
884
7,400
Hulic
Co.
Ltd.
(Real
Estate
Management
&
Development)(b)
..............
76
2,400
Ibiden
Co.
Ltd.
(Electronic
Equipment,
Instruments
&
Components)
......
107
33,095
Idemitsu
Kosan
Co.
Ltd.
(Oil,
Gas
&
Consumable
Fuels)(b)
..........
226
3,100
Iida
Group
Holdings
Co.
Ltd.
(Household
Durables)
...................
40
19,500
Inpex
Corp.
(Oil,
Gas
&
Consumable
Fuels)
296
12,270
Isuzu
Motors
Ltd.
(Automobiles)
.......
165
24,058
ITOCHU
Corp.
(Trading
Companies
&
Distributors)
.................
1,027
8,100
Japan
Airlines
Co.
Ltd.
(Passenger
Airlines)
(b)
........................
154
10,100
Japan
Exchange
Group,
Inc.
(Capital
Markets)
....................
273
434
Japan
Metropolitan
Fund
Invest
(Retail
REITs)
.....................
270
45,700
Japan
Post
Bank
Co.
Ltd.
(Banks)(b)
....
490
58,260
Japan
Post
Holdings
Co.
Ltd.
(Insurance)(b)
586
10,900
Japan
Post
Insurance
Co.
Ltd.
(Insurance)(b)
209
80
Japan
Real
Estate
Investment
Corp.
(Office
REITs)
.....................
285
30,527
Japan
Tobacco,
Inc.
(Tobacco)
.........
812
11,500
JFE
Holdings,
Inc.
(Metals
&
Mining)(b)
.
190
3,433
JSR
Corp.
(Chemicals)
..............
98
10,900
Kajima
Corp.
(Construction
&
Engineering)
223
14,300
Kao
Corp.
(Personal
Care
Products)
.....
535
8,100
Kawasaki
Kisen
Kaisha
Ltd.
(Marine
Transportation)^
...............
109
35,300
KDDI
Corp.
(Wireless
Telecommunication
Services)
....................
1,042
285
KDX
Realty
Investment
Corp.
(Diversified
REITs)
.....................
303
2,800
Keisei
Electric
Railway
Co.
Ltd.
(Ground
Transportation)
...............
113
6,600
Keyence
Corp.
(Electronic
Equipment,
Instruments
&
Components)
......
3,056
13,500
Kikkoman
Corp.
(Food
Products)
......
173
8,500
Kintetsu
Group
Holdings
Co.
Ltd.
(Ground
Transportation)^
...............
248
27,610
Kirin
Holdings
Co.
Ltd.
(Beverages)
....
383
9,500
Kobe
Bussan
Co.
Ltd.
(Consumer
Staples
Distribution
&
Retail)
...........
233
5,100
Koei
Tecmo
Holdings
Co.
Ltd.
(Entertainment)
...............
54
100
HC
CAPITAL
TRUST
The
Institutional
International
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Japan
(continued)
3,800
Koito
Manufacturing
Co.
Ltd.
(Automobile
Components)^
................
$
51
18,590
Komatsu
Ltd.
(Machinery)
...........
548
2,000
Konami
Group
Corp.
(Entertainment)
...
136
800
Kose
Corp.
(Personal
Care
Products)
....
43
20,100
Kubota
Corp.
(Machinery)
...........
314
25,780
Kyocera
Corp.
(Electronic
Equipment,
Instruments
&
Components)
......
343
8,400
Kyowa
Kirin
Co.
Ltd.
(Pharmaceuticals)
.
151
1,600
Lasertec
Corp.
(Semiconductors
&
Semiconductor
Equipment)
.......
454
56,600
LY
Corp.
(Interactive
Media
&
Services)
.
143
8,900
M3,
Inc.
(Health
Care
Technology)
.....
128
4,500
Makita
Corp.
(Machinery)
...........
127
28,771
Marubeni
Corp.
(Trading
Companies
&
Distributors)
.................
496
14,400
MatsukiyoCocokara
&
Co.
(Consumer
Staples
Distribution
&
Retail)
.....
231
11,450
Mazda
Motor
Corp.
(Automobiles)
.....
133
6,200
McDonald's
Holdings
Co.
Japan
Ltd.
(Hotels,
Restaurants
&
Leisure)
....
278
13,200
MEIJI
Holdings
Co.
Ltd.
(Food
Products)
288
7,300
MINEBEA
MITSUMI,
Inc.
(Machinery)
.
142
5,700
MISUMI
Group,
Inc.
(Machinery)
......
79
25,710
Mitsubishi
Chemical
Group
Corp.
(Chemicals)
..................
156
69,620
Mitsubishi
Corp.
(Trading
Companies
&
Distributors)
.................
1,602
38,790
Mitsubishi
Electric
Corp.
(Electrical
Equipment)
..................
646
26,800
Mitsubishi
Estate
Co.
Ltd.
(Real
Estate
Management
&
Development)
.....
486
26,600
Mitsubishi
HC
Capital,
Inc.
(Financial
Services)
....................
185
65,970
Mitsubishi
Heavy
Industries
Ltd.
(Machinery)
.................
595
346,282
Mitsubishi
UFJ
Financial
Group,
Inc.
(Banks)
.....................
3,512
26,166
Mitsui
&
Co.
Ltd.
(Trading
Companies
&
Distributors)
.................
1,218
3,450
Mitsui
Chemicals,
Inc.
(Chemicals)
.....
101
53,700
Mitsui
Fudosan
Co.
Ltd.
(Real
Estate
Management
&
Development)
.....
576
8,600
Mitsui
O.S.K.
Lines
Ltd.
(Marine
Transportation)^
...............
262
54,352
Mizuho
Financial
Group,
Inc.
(Banks)
...
1,073
5,400
MonotaRO
Co.
Ltd.
(Trading
Companies
&
Distributors)
.................
65
28,200
MS&AD
Insurance
Group
Holdings,
Inc.
(Insurance)
..................
496
35,100
Murata
Manufacturing
Co.
Ltd.
(Electronic
Equipment,
Instruments
&
Components)
.................
657
4,930
NEC
Corp.
(IT
Services)
.............
359
7,100
Nexon
Co.
Ltd.
(Entertainment)
.......
118
8,400
NIDEC
Corp.
(Electrical
Equipment)
....
345
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Japan
(continued)
23,200
Nintendo
Co.
Ltd.
(Entertainment)
......
$
1,266
79
Nippon
Building
Fund,
Inc.
(Office
REITs)
316
2,100
NIPPON
EXPRESS
HOLDINGS,
Inc.
(Air
Freight
&
Logistics)
............
107
20,100
Nippon
Paint
Holdings
Co.
Ltd.
(Chemicals)
(b)
........................
144
155
Nippon
Prologis
REIT,
Inc.
(Industrial
REITs)(b)
...................
276
3,500
Nippon
Sanso
Holdings
Corp.
(Chemicals)
109
17,200
Nippon
Steel
Corp.
(Metals
&
Mining)(b)
412
734,900
Nippon
Telegraph
&
Telephone
Corp.
(Diversified
Telecommunication
Services)
....................
874
9,300
Nippon
Yusen
KK
(Marine
Transportation)
255
2,500
Nissan
Chemical
Corp.
(Chemicals)
.....
94
50,100
Nissan
Motor
Co.
Ltd.
(Automobiles)
...
198
10,700
Nissin
Foods
Holdings
Co.
Ltd.
(Food
Products)(b)
.................
295
2,700
Nitori
Holdings
Co.
Ltd.
(Specialty
Retail)
407
2,960
Nitto
Denko
Corp.
(Chemicals)
........
269
65,600
Nomura
Holdings,
Inc.
(Capital
Markets)
.
418
2,200
Nomura
Real
Estate
Holdings,
Inc.
(Real
Estate
Management
&
Development)
62
280
Nomura
Real
Estate
Master
Fund,
Inc.
(Diversified
REITs)
............
277
7,720
Nomura
Research
Institute
Ltd.
(IT
Services)
....................
217
12,700
NTT
Data
Group
Corp.
(IT
Services)
....
201
16,500
Obayashi
Corp.
(Construction
&
Engineering)
.................
195
2,100
Obic
Co.
Ltd.
(IT
Services)
...........
317
11,500
Odakyu
Electric
Railway
Co.
Ltd.
(Ground
Transportation)
...............
158
35,600
Oji
Holdings
Corp.
(Paper
&
Forest
Products)
....................
148
24,100
Olympus
Corp.
(Health
Care
Equipment
&
Supplies)
....................
346
3,500
Omron
Corp.
(Electronic
Equipment,
Instruments
&
Components)
......
125
16,000
Ono
Pharmaceutical
Co.
Ltd.
(Pharmaceuticals)^
.............
261
2,000
Oracle
Corp.
Japan
(Software)
.........
150
24,300
Oriental
Land
Co.
Ltd.
(Hotels,
Restaurants
&
Leisure)
...................
777
23,500
ORIX
Corp.
(Financial
Services)
.......
512
16,045
Osaka
Gas
Co.
Ltd.
(Gas
Utilities)
......
360
10,600
Otsuka
Corp.
(IT
Services)
...........
225
10,500
Otsuka
Holdings
Co.
Ltd.
(Pharmaceuticals)
435
10,000
Pan
Pacific
International
Holdings
Corp.
(Broadline
Retail)
.............
265
44,300
Panasonic
Holdings
Corp.
(Household
Durables)
...................
421
31,600
Rakuten
Group,
Inc.
(Broadline
Retail)(b)
179
29,200
Recruit
Holdings
Co.
Ltd.
(Professional
Services)
....................
1,279
101
HC
CAPITAL
TRUST
The
Institutional
International
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Japan
(continued)
29,500
Renesas
Electronics
Corp.
(Semiconductors
&
Semiconductor
Equipment)(a)(b)
.
$
523
58,185
Resona
Holdings,
Inc.
(Banks)
........
358
11,200
Ricoh
Co.
Ltd.
(Technology
Hardware,
Storage
&
Peripherals)
..........
99
7,080
Rohm
Co.
Ltd.
(Semiconductors
&
Semiconductor
Equipment)
.......
113
4,900
SBI
Holdings,
Inc.
(Capital
Markets)^
...
128
1,600
SCREEN
Holdings
Co.
Ltd.
(Semiconductors
&
Semiconductor
Equipment)^
.................
206
5,900
SCSK
Corp.
(IT
Services)
............
109
6,200
Secom
Co.
Ltd.
(Commercial
Services
&
Supplies)
....................
449
6,069
Seiko
Epson
Corp.
(Technology
Hardware,
Storage
&
Peripherals)
..........
106
8,200
Sekisui
Chemical
Co.
Ltd.
(Household
Durables)
...................
120
14,825
Sekisui
House
Ltd.
(Household
Durables)
337
54,090
Seven
&
i
Holdings
Co.
Ltd.
(Consumer
Staples
Distribution
&
Retail)
.....
786
13,900
SG
Holdings
Co.
Ltd.
(Air
Freight
&
Logistics)
...................
176
13,400
Sharp
Corp.
(Household
Durables)(a)(b)
.
74
4,700
Shimadzu
Corp.
(Electronic
Equipment,
Instruments
&
Components)
......
131
1,600
Shimano,
Inc.
(Leisure
Products)
.......
239
22,200
Shimizu
Corp.
(Construction
&
Engineering)^
................
143
36,525
Shin-Etsu
Chemical
Co.
Ltd.
(Chemicals)
1,594
7,000
Shionogi
&
Co.
Ltd.
(Pharmaceuticals)
..
357
8,000
Shiseido
Co.
Ltd.
(Personal
Care
Products)
218
25,000
Shizuoka
Financial
Group,
Inc.
(Banks)
..
237
1,200
SMC
Corp.
(Machinery)
.............
673
72,654
SoftBank
Corp.
(Wireless
Telecommunication
Services)
.....
931
20,800
SoftBank
Group
Corp.
(Wireless
Telecommunication
Services)
.....
1,232
20,280
Sompo
Holdings,
Inc.
(Insurance)
......
423
39,100
Sony
Group
Corp.
(Household
Durables)
.
3,340
4,200
Square
Enix
Holdings
Co.
Ltd.
(Entertainment)
...............
161
12,354
Subaru
Corp.
(Automobiles)
..........
280
7,000
SUMCO
Corp.
(Semiconductors
&
Semiconductor
Equipment)(b)
.....
110
20,840
Sumitomo
Corp.
(Trading
Companies
&
Distributors)
.................
500
14,320
Sumitomo
Electric
Industries
Ltd.
(Automobile
Components)
.......
221
5,000
Sumitomo
Metal
Mining
Co.
Ltd.
(Metals
&
Mining)
.....................
148
49,203
Sumitomo
Mitsui
Financial
Group,
Inc.
(Banks)
.....................
2,872
17,200
Sumitomo
Mitsui
Trust
Holdings,
Inc.
(Banks)
.....................
370
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Japan
(continued)
5,700
Sumitomo
Realty
&
Development
Co.
Ltd.
(Real
Estate
Management
&
Development)
................
$
211
7,600
Suntory
Beverage
&
Food
Ltd.
(Beverages)
256
31,600
Suzuki
Motor
Corp.
(Automobiles)
.....
359
10,200
Sysmex
Corp.
(Health
Care
Equipment
&
Supplies)
....................
181
10,000
T&D
Holdings,
Inc.
(Insurance)
.......
174
6,150
Taisei
Corp.
(Construction
&
Engineering)
224
37,445
Takeda
Pharmaceutical
Co.
Ltd.
(Pharmaceuticals)
.............
1,039
7,800
TDK
Corp.
(Electronic
Equipment,
Instruments
&
Components)
......
381
27,000
Terumo
Corp.
(Health
Care
Equipment
&
Supplies)
....................
492
17,200
The
Chiba
Bank
Ltd.
(Banks)
.........
142
27,610
The
Kansai
Electric
Power
Co.,
Inc.
(Electric
Utilities)
.............
392
4,400
TIS,
Inc.
(IT
Services)
..............
94
9,000
Tobu
Railway
Co.
Ltd.
(Ground
Transportation)
...............
224
5,800
Toho
Co.
Ltd.
(Entertainment)
.........
193
37,920
Tokio
Marine
Holdings,
Inc.
(Insurance)
.
1,184
53,300
Tokyo
Electric
Power
Co.
Holdings,
Inc.
(Electric
Utilities)(a)
...........
323
14,780
Tokyo
Electron
Ltd.
(Semiconductors
&
Semiconductor
Equipment)
.......
3,835
15,300
Tokyo
Gas
Co.
Ltd.
(Gas
Utilities)
......
347
20,500
Tokyu
Corp.
(Ground
Transportation)
...
249
4,700
TOPPAN
Holdings,
Inc.
(Commercial
Services
&
Supplies)
...........
117
27,800
Toray
Industries,
Inc.
(Chemicals)
......
133
2,800
TOTO
Ltd.
(Building
Products)^
.......
78
3,000
Toyota
Industries
Corp.
(Machinery)
....
311
214,800
Toyota
Motor
Corp.
(Automobiles)
.....
5,402
4,300
Toyota
Tsusho
Corp.
(Trading
Companies
&
Distributors)
.................
293
4,400
Trend
Micro,
Inc.
(Software)
..........
223
12,100
Unicharm
Corp.
(Household
Products)
...
385
21,600
USS
Co.
Ltd.
(Specialty
Retail)^
.......
178
15,800
West
Japan
Railway
Co.
(Ground
Transportation)(b)
.............
329
13,600
Yakult
Honsha
Co.
Ltd.
(Food
Products)^
.
278
3,000
Yamaha
Corp.
(Leisure
Products)^
......
65
18,300
Yamaha
Motor
Co.
Ltd.
(Automobiles)
..
168
13,400
Yamato
Holdings
Co.
Ltd.
(Air
Freight
&
Logistics)
...................
192
4,800
Yaskawa
Electric
Corp.
(Machinery)
....
203
4,400
Yokogawa
Electric
Corp.
(Electronic
Equipment,
Instruments
&
Components)
.................
101
5,500
Zensho
Holdings
Co.
Ltd.
(Hotels,
Restaurants
&
Leisure)^
.........
229
102
HC
CAPITAL
TRUST
The
Institutional
International
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Japan
(continued)
5,800
ZOZO,
Inc.
(Specialty
Retail)(b)
.......
$
143
97,968
Jordan
—
0.02%
8,903
Hikma
Pharmaceuticals
PLC
(Pharmaceuticals)(b)
...........
216
Luxembourg
—
0.25%
10,266
ArcelorMittal
SA
(Metals
&
Mining)
....
282
6,346
Eurofins
Scientific
SE
(Life
Sciences
Tools
&
Services)
..................
405
85,058
Tenaris
SA
(Energy
Equipment
&
Services)
1,680
2,367
Macau
—
0.01%
48,660
Sands
China
Ltd.
(Hotels,
Restaurants
&
Leisure)(a)
..................
137
Netherlands
—
3.03%
11,532
ABN
AMRO
Bank
N.V.
(Banks)
.......
197
441
Adyen
N.V.
(Financial
Services)(a)(b)
...
746
30,951
Aegon
Ltd.
(Insurance)
..............
189
3,423
Akzo
Nobel
N.V.
(Chemicals)
.........
255
1,205
Argenx
SE
(Biotechnology)(a)
........
476
3,012
ASM
International
N.V.
(Semiconductors
&
Semiconductor
Equipment)
.......
1,839
9,493
ASML
Holding
N.V.
(Semiconductors
&
Semiconductor
Equipment)(b)
.....
9,135
6,752
ASR
Nederland
N.V.
(Insurance)
.......
331
1,547
BE
Semiconductor
Industries
N.V.
(Semiconductors
&
Semiconductor
Equipment)
..................
237
4,835
Euronext
N.V.
(Capital
Markets)
.......
460
2,799
EXOR
N.V.
(Financial
Services)
.......
311
5,050
Heineken
Holding
N.V.
(Beverages)
....
408
21,590
Heineken
N.V.
(Beverages)
...........
2,080
1,143
IMCD
N.V.
(Trading
Companies
&
Distributors)(b)
...............
201
155,254
ING
Groep
N.V.
(Banks)
.............
2,554
16,202
JDE
Peet's
N.V.
(Food
Products)(b)
.....
340
30,108
Koninklijke
Ahold
Delhaize
N.V.
(Consumer
Staples
Distribution
&
Retail)
.....
900
173,675
Koninklijke
KPN
N.V.
(Diversified
Telecommunication
Services)
.....
650
15,837
Koninklijke
Philips
N.V.
(Health
Care
Equipment
&
Supplies)(a)
.......
318
7,036
NN
Group
N.V.
(Insurance)
...........
325
11,699
OCI
N.V.
(Chemicals)(b)
............
321
29,622
Prosus
N.V.
(Broadline
Retail)(b)
......
929
11,583
QIAGEN
N.V.
(Life
Sciences
Tools
&
Services)
....................
495
2,214
Randstad
N.V.
(Professional
Services)
...
117
44,703
Stellantis
N.V.
(Automobiles)
.........
1,270
47,533
Stellantis
N.V.
(Automobiles)
.........
1,345
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Netherlands
(continued)
57,853
Universal
Music
Group
N.V.
(Entertainment)
...............
$
1,740
6,468
Wolters
Kluwer
N.V.
(Professional
Services)
1,013
29,182
New
Zealand
—
0.08%
26,594
Auckland
International
Airport
Ltd.
(Transportation
Infrastructure)
.....
133
11,677
Fisher
&
Paykel
Healthcare
Corp.
Ltd.
(Health
Care
Equipment
&
Supplies)
179
14,981
Mercury
NZ
Ltd.
(Electric
Utilities)
.....
62
25,473
Meridian
Energy
Ltd.
(Independent
Power
and
Renewable
Electricity
Producers)
90
36,890
Spark
New
Zealand
Ltd.
(Diversified
Telecommunication
Services)
.....
105
2,887
Xero
Ltd.
(Software)(a)
.............
250
819
Norway
—
0.36%
7,297
Adevinta
ASA
(Interactive
Media
&
Services)(a)
..................
77
6,340
Aker
BP
ASA
(Oil,
Gas
&
Consumable
Fuels)
......................
158
79,204
DNB
Bank
ASA
(Banks)
............
1,569
18,075
Equinor
ASA
(Oil,
Gas
&
Consumable
Fuels)
......................
477
7,610
Gjensidige
Forsikring
ASA
(Insurance)
..
111
2,389
Kongsberg
Gruppen
ASA
(Aerospace
&
Defense)
....................
165
9,337
Mowi
ASA
(Food
Products)(b)
........
171
26,286
Norsk
Hydro
ASA
(Metals
&
Mining)
...
144
27,855
Orkla
ASA
(Food
Products)
..........
196
1,321
Salmar
ASA
(Food
Products)
.........
87
20,226
Telenor
ASA
(Diversified
Telecommunication
Services)
.....
225
3,344
Yara
International
ASA
(Chemicals)
....
106
3,486
Portugal
—
0.05%
62,958
EDP
-
Energias
de
Portugal
SA
(Electric
Utilities)
....................
244
9,113
Galp
Energia
SGPS
SA
(Oil,
Gas
&
Consumable
Fuels)(b)
..........
151
5,681
Jeronimo
Martins
SGPS
SA
(Consumer
Staples
Distribution
&
Retail)(b)
...
113
508
Singapore
—
0.53%
109,738
CapitaLand
Ascendas
REIT
(Industrial
REITs)
.....................
225
106,824
CapitaLand
Integrated
Commercial
Trust
(Retail
REITs)
................
157
52,200
CapitaLand
Investment
Ltd.
(Real
Estate
Management
&
Development)
.....
104
103
HC
CAPITAL
TRUST
The
Institutional
International
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Singapore
(continued)
10,900
City
Developments
Ltd.
(Real
Estate
Management
&
Development)
.....
$
47
36,731
DBS
Group
Holdings
Ltd.
(Banks)
.....
979
236,200
Genting
Singapore
Ltd.
(Hotels,
Restaurants
&
Leisure)
...................
155
36,886
Grab
Holdings
Ltd.
(Ground
Transportation)
(a)
........................
116
6,600
Jardine
Cycle
&
Carriage
Ltd.
(Industrial
Conglomerates)
...............
119
30,800
Keppel
Ltd.
(Industrial
Conglomerates)
..
167
69,690
Mapletree
Logistics
Trust
(Industrial
REITs)
75
51,100
Mapletree
Pan
Asia
Commercial
Trust
(Retail
REITs)
................
48
67,937
Oversea-Chinese
Banking
Corp.
Ltd.
(Banks)
.....................
679
7,531
Sea
Ltd.,
ADR
(Entertainment)(a)
......
404
1,586,887
Seatrium
Ltd.
(Machinery)(a)
.........
93
26,700
Sembcorp
Industries
Ltd.
(Multi-Utilities)
107
29,900
Singapore
Airlines
Ltd.
(Passenger
Airlines)
(b)
........................
142
34,600
Singapore
Exchange
Ltd.
(Capital
Markets)
237
66,000
Singapore
Technologies
Engineering
Ltd.
(Aerospace
&
Defense)
.........
196
198,540
Singapore
Telecommunications
Ltd.
(Diversified
Telecommunication
Services)
....................
372
25,400
United
Overseas
Bank
Ltd.
(Banks)
.....
552
38,100
Wilmar
International
Ltd.
(Food
Products)
97
5,071
South
Korea
—
0.14%
882
Samsung
Electronics
Co.
Ltd.,
GDR
(Technology
Hardware,
Storage
&
Peripherals)
..................
1,312
Spain
—
1.21%
1,022
Acciona
SA
(Electric
Utilities)
........
124
4,234
ACS
Actividades
de
Construccion
y
Servicios
SA
(Construction
&
Engineering)
.................
177
1,505
Aena
SME
SA
(Transportation
Infrastructure)
................
296
27,237
Amadeus
IT
Group
SA
(Hotels,
Restaurants
&
Leisure)
...................
1,746
118,305
Banco
Bilbao
Vizcaya
Argentaria
SA
(Banks)
.....................
1,409
327,633
Banco
Santander
SA
(Banks)(b)
.......
1,599
76,308
CaixaBank
SA
(Banks)
..............
370
12,558
Cellnex
Telecom
SA
(Diversified
Telecommunication
Services)(b)
...
444
6,210
Corp.
ACCIONA
Energias
Renovables
SA
(Independent
Power
and
Renewable
Electricity
Producers)
...........
135
6,163
EDP
Renovaveis
SA
(Independent
Power
and
Renewable
Electricity
Producers)
83
18,752
Enagas
SA
(Gas
Utilities)(b)
..........
279
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Spain
(continued)
11,062
Endesa
SA
(Electric
Utilities)
.........
$
204
10,714
Ferrovial
SE
(Construction
&
Engineering)
424
6,422
Grifols
SA
(Biotechnology)(a)
.........
58
126,363
Iberdrola
SA
(Electric
Utilities)
........
1,567
22,069
Industria
de
Diseno
Textil
SA
(Specialty
Retail)
......................
1,111
6,747
Naturgy
Energy
Group
SA
(Gas
Utilities)
.
146
23,989
Redeia
Corp.
SA
(Electric
Utilities)
.....
409
25,102
Repsol
SA
(Oil,
Gas
&
Consumable
Fuels)
418
147,259
Telefonica
SA
(Diversified
Telecommunication
Services)
.....
650
11,649
Sweden
—
1.38%
6,011
Alfa
Laval
AB
(Machinery)
..........
236
20,109
Assa
Abloy
AB,
Class
-
B
(Building
Products)
....................
577
53,891
Atlas
Copco
AB,
Class
-
A
(Machinery)
..
910
31,863
Atlas
Copco
AB,
Class
-
B
(Machinery)
..
471
10,958
Autoliv,
Inc.
(Automobile
Components)
..
1,321
8,161
Beijer
Ref
AB
(Trading
Companies
&
Distributors)^
................
121
7,321
Boliden
AB
(Metals
&
Mining)
........
203
13,222
Epiroc
AB,
Class
-
A
(Machinery)
......
248
8,321
Epiroc
AB,
Class
-
B
(Machinery)
......
141
7,845
EQT
AB
(Capital
Markets)
...........
248
18,522
Essity
AB,
Class
-
B
(Household
Products)
440
3,788
Evolution
AB
(Hotels,
Restaurants
&
Leisure)
....................
471
13,679
Fastighets
AB
Balder,
B
shares
(Real
Estate
Management
&
Development)(a)
...
101
7,283
Getinge
AB,
B
shares
(Health
Care
Equipment
&
Supplies)
.........
146
12,958
H
&
M
Hennes
&
Mauritz
AB,
Class
-
B
(Specialty
Retail)
..............
211
42,356
Hexagon
AB,
Class
-
B
(Electronic
Equipment,
Instruments
&
Components)
.................
501
4,334
Holmen
AB,
B
shares
(Paper
&
Forest
Products)
....................
176
6,699
Husqvarna
AB,
B
shares
(Machinery)
...
57
2,824
Industrivarden
AB,
Class
-
A
(Financial
Services)(b)
..................
97
3,815
Industrivarden
AB,
Class
-
C
(Financial
Services)
....................
131
5,482
Indutrade
AB
(Machinery)
...........
150
2,888
Investment
AB
Latour,
Class
-
B
(Industrial
Conglomerates)
...............
76
35,055
Investor
AB,
Class
-
B
(Financial
Services)
880
2,178
L
E
Lundbergforetagen
AB,
Class
-
B
(Financial
Services)
............
118
4,677
Lifco
AB,
Class
-
B
(Industrial
Conglomerates)
...............
122
30,282
Nibe
Industrier
AB,
Class
-
B
(Building
Products)
....................
149
104
HC
CAPITAL
TRUST
The
Institutional
International
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Sweden
(continued)
3,585
Saab
AB,
Class
-
B
(Aerospace
&
Defense)
$
319
4,220
Sagax
AB,
Class
-
B
(Real
Estate
Management
&
Development)
.....
111
21,392
Sandvik
AB
(Machinery)
............
475
16,038
Securitas
AB,
Class
-
B
(Commercial
Services
&
Supplies)
...........
166
36,712
Skandinaviska
Enskilda
Banken
AB,
Class
-
A
(Banks)
...................
497
6,826
Skanska
AB,
Class
-
B
(Construction
&
Engineering)^
................
122
6,837
SKF
AB,
B
shares
(Machinery)
........
140
17,746
Svenska
Cellulosa
AB
SCA,
Class
-
B
(Paper
&
Forest
Products)^
.......
273
38,715
Svenska
Handelsbanken
AB,
Class
-
A
(Banks)^
....................
392
21,677
Swedbank
AB,
Class
-
A
(Banks)
.......
430
8,671
Swedish
Orphan
Biovitrum
AB
(Biotechnology)(a)
.............
216
27,486
Tele2
AB,
B
shares
(Wireless
Telecommunication
Services)
.....
226
74,998
Telefonaktiebolaget
LM
Ericsson,
Class
-
B
(Communications
Equipment)^
....
404
108,436
Telia
Co.
AB
(Diversified
Telecommunication
Services)(b)
...
278
4,018
Volvo
AB,
Class
-
A
(Machinery)
.......
111
30,581
Volvo
AB,
Class
-
B
(Machinery)
......
829
15,373
Volvo
Car
AB,
Class
-
B
(Automobiles)(a)
(b)
........................
58
13,349
Switzerland
—
5.35%
32,277
ABB
Ltd.,
Registered
Shares
(Electrical
Equipment)
..................
1,499
3,210
Adecco
Group
AG
(Professional
Services)
(b)
........................
127
25,556
Alcon,
Inc.
(Health
Care
Equipment
&
Supplies)
....................
2,119
1,882
Avolta
AG,
Registered
Shares
(Specialty
Retail)(a)(b)
.................
78
720
Bachem
Holding
AG
(Life
Sciences
Tools
&
Services)
....................
69
3,024
Baloise
Holding
AG,
Registered
Shares
(Insurance)
..................
474
4,147
Banque
Cantonale
Vaudoise,
Registered
Shares
(Banks)
................
482
319
Barry
Callebaut
AG,
Registered
Shares
(Food
Products)(b)
.............
463
3,042
BKW
AG
(Electric
Utilities)
..........
467
5
Chocoladefabriken
Lindt
&
Spruengli
AG
(Food
Products)
...............
603
20
Chocoladefabriken
Lindt
&
Spruengli
AG,
Class
-
PC
(Food
Products)
.......
239
18,655
Cie
Financiere
Richemont
SA,
Registered
Shares
(Textiles,
Apparel
&
Luxury
Goods)
.....................
2,845
4,678
Clariant
AG,
Registered
Shares
(Chemicals)
63
7,351
Coca-Cola
HBC
AG
(Beverages)
.......
232
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Switzerland
(continued)
3,731
DSM-Firmenich
AG
(Chemicals)
......
$
424
141
EMS-Chemie
Holding
AG
(Chemicals)
..
108
671
Geberit
AG,
Registered
Shares
(Building
Products)
....................
397
212
Givaudan
SA,
Registered
Shares
(Chemicals)
..................
944
210,009
Glencore
PLC
(Metals
&
Mining)(b)
....
1,154
2,149
Helvetia
Holding
AG,
Registered
Shares
(Insurance)
..................
296
10,901
Holcim
AG
(Construction
Materials)(b)
..
987
4,133
Julius
Baer
Group
Ltd.
(Capital
Markets)
.
239
1,115
Kuehne
+
Nagel
International
AG,
Registered
Shares
(Marine
Transportation)
...............
310
3,299
Logitech
International
SA,
Registered
Shares
(Technology
Hardware,
Storage
&
Peripherals)
................
295
3,850
Lonza
Group
AG,
Registered
Shares
(Life
Sciences
Tools
&
Services)(b)
.....
2,307
67,013
Nestle
SA,
Registered
Shares
(Food
Products)
....................
7,117
56,176
Novartis
AG,
Registered
Shares
(Pharmaceuticals)
.............
5,444
38,213
On
Holding
AG,
Class
-
A
(Textiles,
Apparel
&
Luxury
Goods)(a)
............
1,352
455
Partners
Group
Holding
AG
(Capital
Markets)
....................
650
14,896
Roche
Holding
AG
(Pharmaceuticals)
...
3,794
4,981
Roche
Holding
AG,
Class
-
BR
(Pharmaceuticals)
.............
1,342
8,215
Sandoz
Group
AG
(Pharmaceuticals)(a)
..
248
1,050
Schindler
Holding
AG,
Class
-
PC
(Machinery)
.................
265
509
Schindler
Holding
AG,
Registered
Shares
(Machinery)
.................
124
4,688
SGS
SA,
Registered
Shares
(Professional
Services)^(b)
.................
455
12,421
SIG
Group
AG
(Containers
&
Packaging)(b)
275
7,227
Sika
AG,
Registered
Shares
(Chemicals)(b)
2,153
1,042
Sonova
Holding
AG
(Health
Care
Equipment
&
Supplies)(b)
.......
302
40,968
STMicroelectronics
N.V.
(Semiconductors
&
Semiconductor
Equipment)
.....
1,764
2,239
Straumann
Holding
AG,
Registered
Shares
(Health
Care
Equipment
&
Supplies)
358
704
Swiss
Life
Holding
AG
(Insurance)
.....
494
5,833
Swiss
Prime
Site
AG,
Registered
Shares
(Real
Estate
Management
&
Development)
................
550
7,998
Swiss
Re
AG
(Insurance)
............
1,028
1,307
Swisscom
AG,
Registered
Shares
(Diversified
Telecommunication
Services)
....................
799
1,375
Temenos
AG,
Registered
Shares
(Software)
98
1,141
The
Swatch
Group
AG
(Textiles,
Apparel
&
Luxury
Goods)
...............
52
105
HC
CAPITAL
TRUST
The
Institutional
International
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Switzerland
(continued)
563
The
Swatch
Group
AG,
Class
-
BR
(Textiles,
Apparel
&
Luxury
Goods)
.......
$
131
109,825
UBS
Group
AG
(Capital
Markets)
......
3,379
542
VAT
Group
AG
(Machinery)
..........
281
3,537
Zurich
Insurance
Group
AG
(Insurance)
..
1,907
51,583
Taiwan
—
0.14%
9,638
Taiwan
Semiconductor
Manufacturing
Co.
Ltd.,
ADR
(Semiconductors
&
Semiconductor
Equipment)
.......
1,311
United
Kingdom
—
7.09%
19,913
3i
Group
PLC
(Capital
Markets)
.......
706
37,839
abrdn
PLC
(Capital
Markets)
.........
67
10,509
Admiral
Group
PLC
(Insurance)
.......
376
25,494
Anglo
American
PLC
(Metals
&
Mining)
.
628
8,785
Ashtead
Group
PLC
(Trading
Companies
&
Distributors)
.................
625
6,915
Associated
British
Foods
PLC
(Food
Products)
....................
218
42,024
AstraZeneca
PLC
(Pharmaceuticals)(b)
..
5,663
27,400
Auto
Trader
Group
PLC
(Interactive
Media
&
Services)(b)
................
243
57,130
Aviva
PLC
(Insurance)
..............
358
157,690
BAE
Systems
PLC
(Aerospace
&
Defense)
2,686
896,223
Barclays
PLC
(Banks)(b)
............
2,072
19,248
Barratt
Developments
PLC
(Household
Durables)(b)
.................
116
2,134
Berkeley
Group
Holdings
PLC
(Household
Durables)
...................
128
551,001
BP
PLC
(Oil,
Gas
&
Consumable
Fuels)
.
3,447
47,612
British
American
Tobacco
PLC
(Tobacco)
1,446
184,888
BT
Group
PLC
(Diversified
Telecommunication
Services)
.....
255
13,405
Bunzl
PLC
(Trading
Companies
&
Distributors)
.................
516
7,292
Burberry
Group
PLC
(Textiles,
Apparel
&
Luxury
Goods)(b)
.............
112
184,105
Centrica
PLC
(Multi-Utilities)(b)
.......
296
6,207
Coca-Cola
Europacific
Partners
PLC
(Beverages)
..................
434
77,660
Compass
Group
PLC
(Hotels,
Restaurants
&
Leisure)
....................
2,276
4,885
Croda
International
PLC
(Chemicals)(b)
.
302
80,754
Diageo
PLC
(Beverages)
............
2,981
17,603
Endeavour
Mining
PLC
(Metals
&
Mining)
357
12,803
Entain
PLC
(Hotels,
Restaurants
&
Leisure)
(b)
........................
129
150,869
GSK
PLC
(Pharmaceuticals)
..........
3,252
222,732
Haleon
PLC
(Personal
Care
Products)
...
936
10,167
Halma
PLC
(Electronic
Equipment,
Instruments
&
Components)
......
304
6,904
Hargreaves
Lansdown
PLC
(Capital
Markets)
....................
64
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
Kingdom
(continued)
387,778
HSBC
Holdings
PLC
(Banks)
.........
$
3,029
25,045
Imperial
Brands
PLC
(Tobacco)
.......
560
27,761
Informa
PLC
(Media)
...............
291
3,317
InterContinental
Hotels
Group
PLC
(Hotels,
Restaurants
&
Leisure)
..........
345
5,875
Intertek
Group
PLC
(Professional
Services)
370
111,678
J
Sainsbury
PLC
(Consumer
Staples
Distribution
&
Retail)
...........
381
56,001
JD
Sports
Fashion
PLC
(Specialty
Retail)
95
51,673
Kingfisher
PLC
(Specialty
Retail)
......
163
14,197
Land
Securities
Group
PLC
(Diversified
REITs)
.....................
118
119,949
Legal
&
General
Group
PLC
(Insurance)
.
385
1,295,961
Lloyds
Banking
Group
PLC
(Banks)
....
846
22,098
London
Stock
Exchange
Group
PLC
(Capital
Markets)(b)
............
2,647
46,682
M&G
PLC
(Financial
Services)
........
130
27,008
Melrose
Industries
PLC
(Aerospace
&
Defense)
....................
229
8,856
Mondi
PLC
(Paper
&
Forest
Products)
...
156
96,880
National
Grid
PLC
(Multi-Utilities)
.....
1,303
532,931
NatWest
Group
PLC
(Banks)(b)
.......
1,785
2,417
Next
PLC
(Broadline
Retail)
..........
282
12,629
Ocado
Group
PLC
(Consumer
Staples
Distribution
&
Retail)(a)(b)
......
73
30,712
Pearson
PLC
(Diversified
Consumer
Services)
....................
404
6,409
Persimmon
PLC
(Household
Durables)
..
106
14,964
Phoenix
Group
Holdings
PLC
(Insurance)
104
35,436
Reckitt
Benckiser
Group
PLC
(Household
Products)
....................
2,017
71,415
RELX
PLC
(Professional
Services)
.....
3,086
86,309
Rentokil
Initial
PLC
(Commercial
Services
&
Supplies)
..................
513
41,102
Rio
Tinto
PLC
(Metals
&
Mining)
......
2,602
170,681
Rolls-Royce
Holdings
PLC
(Aerospace
&
Defense)(a)
..................
919
16,172
Schroders
PLC
(Capital
Markets)
......
77
35,705
Segro
PLC
(Industrial
REITs)
.........
407
14,704
Severn
Trent
PLC
(Water
Utilities)(b)
...
458
169,949
Shell
PLC
(Oil,
Gas
&
Consumable
Fuels)
5,630
24,537
Smith
&
Nephew
PLC
(Health
Care
Equipment
&
Supplies)
.........
307
6,973
Smiths
Group
PLC
(Industrial
Conglomerates)
...............
144
1,902
Spirax-Sarco
Engineering
PLC
(Machinery)
241
32,582
SSE
PLC
(Electric
Utilities)
..........
678
10,800
St.
James's
Place
PLC
(Capital
Markets)
.
63
45,979
Standard
Chartered
PLC
(Banks)
.......
390
70,873
Taylor
Wimpey
PLC
(Household
Durables)
(b)
........................
123
216,141
Tesco
PLC
(Consumer
Staples
Distribution
&
Retail)
....................
809
39,189
The
Sage
Group
PLC
(Software)
.......
626
56,500
Unilever
PLC
(Personal
Care
Products)
..
2,835
106
HC
CAPITAL
TRUST
The
Institutional
International
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
Kingdom
(continued)
35,974
United
Utilities
Group
PLC
(Water
Utilities)
$
467
654,253
Vodafone
Group
PLC
(Wireless
Telecommunication
Services)
.....
582
3,877
Whitbread
PLC
(Hotels,
Restaurants
&
Leisure)
....................
162
12,895
Wise
PLC,
Class
-
A
(Financial
Services)(a)
151
21,565
WPP
PLC
(Media)
.................
205
68,287
United
States
—
0.16%
77,167
Coupang,
Inc.
(Broadline
Retail)(a)
.....
1,373
2,428
RB
Global,
Inc.
(Commercial
Services
&
Supplies)
....................
185
1,558
Total
Common
Stocks
..............
485,355
Investment
Companies
—
46.56%
Domestic
Equity
Funds
—
1.32%
259,300
BlackRock
Health
Sciences
Term
Trust
..
4,250
443,282
BlackRock
Innovation
and
Growth
Term
Trust
.......................
3,608
673,096
Neuberger
Berman
Energy
Infrastructure
and
Income
Fund,
Inc.
..........
4,961
12,819
International
Equity
Funds
—
26.47%
229,377
Aberforth
Smaller
Companies
Trust
PLC
.
3,902
516,982
Abrdn
UK
Smaller
Cos
Growth
Trust
PLC
2,923
164,056
Argo
Investments
Ltd.
..............
938
6,091
ASA
Gold
and
Precious
Metals
Ltd.
.....
94
472,756
Asia
Dragon
Trust
PLC
.............
2,088
244,362
Australian
Foundation
Investment
Co.
Ltd.^
1,173
1,614,892
AVI
Japan
Opportunity
Trust
PLC
......
2,659
2,996,697
Baillie
Gifford
European
Growth
Trust
PLC
3,729
1,910,133
Baillie
Gifford
Shin
Nippon
PLC
.......
2,917
1,423,762
Baillie
Gifford
UK
Growth
Trust
PLC
...
2,950
689,933
BlackRock
Enhanced
International
Dividend
Trust
.......................
3,815
387,672
BlackRock
Greater
Europe
Investment
Trust
PLC
.......................
3,121
181,428
BlackRock
Science
and
Technology
Term
Trust
.......................
3,520
181,243
CBRE
Global
Real
Estate
Income
Fund
..
975
349,849
European
Opportunities
Trust
PLC
.....
3,876
363,328
Fidelity
Emerging
Markets
Ltd.
........
3,026
127,000
Fidelity
European
Trust
PLC
..........
629
1,828,198
Fidelity
Japan
Trust
PLC
............
4,153
1,043,979
Fidelity
Special
Values
PLC
..........
3,807
2,118,994
Henderson
European
Focus
Trust
PLC
...
4,826
1,670,596
Henderson
EuroTrust
PLC
...........
3,289
478,765
iShares
Core
MSCI
EAFE
ETF
........
35,533
849,919
Japan
Smaller
Capitalization
Fund,
Inc.
..
6,782
Shares
Security
Description
Value
(000)
International
Equity
Funds
(continued)
1,862,113
JPMorgan
European
Discovery
Trust
PLC
$
10,938
7,782,827
JPMorgan
European
Growth
&
Income
PLC
10,214
893,288
JPMorgan
Japan
Small
Cap
Growth
&
Income
PLC
.................
3,573
1,525,143
JPMorgan
Japanese
Investment
Trust
PLC
10,431
1,670,107
Mercantile
Investment
Trust
PLC
......
4,826
115,735
Morgan
Stanley
China
A
Share
Fund,
Inc.
1,393
410,855
Neuberger
Berman
Next
Generation
Connectivity
Fund,
Inc.
.........
4,828
743,989
Oakley
Capital
Investments
Ltd.
.......
4,413
2,809,755
Polar
Capital
Global
Financials
Trust
PLC
5,822
190,094
Polar
Capital
Global
Healthcare
Trust
PLC
900
1,869,745
Regal
Asian
Investments
Ltd.^
........
2,485
2,692,880
Schroder
Japan
Trust
PLC
............
8,733
10,089,219
Schroders
Capital
Global
Innovation
Trust
1,630
219,097
Smithson
Investment
Trust
PLC
.......
3,948
845,841
Strategic
Equity
Capital
PLC
.........
3,432
1,151,235
Temple
Bar
Investment
Trust
PLC
......
3,494
1,941,780
Templeton
Emerging
Markets
Investment
Trust
PLC
...................
3,783
506,329
The
Baillie
Gifford
Japan
Trust
PLC
....
4,779
506,980
The
Edinburgh
Investment
Trust
PLC
...
4,414
1,725,905
The
European
Smaller
Cos.
...........
3,692
264,440
The
Monks
Investment
Trust
PLC
......
3,831
266,469
The
New
Germany
Fund,
Inc.
.........
2,321
904,496
Vanguard
FTSE
Developed
Markets
ETF
.
45,378
200,000
Witan
Investment
Trust
PLC
..........
631
1,058,150
Worldwide
Healthcare
Trust
PLC/Fund
..
4,473
255,087
Money
Market
Funds
—
18.77%
1,551,562
Federated
Hermes
Treasury
Obligations
Fund,
Institutional
Shares
,
5.17%^^(d)
1,552
179,377,622
State
Street
Institutional
Treasury
Plus
Money
Market
Fund,
Trust
Class
,
5.20%(d)
....................
179,378
180,930
Total
Investment
Companies
.........
448,836
Purchased
Options
on
Futures
—
0.00%
Total
Purchased
Options
on
Futures
...
39
Total
Investments
(cost
$778,488
)
—
96.91%
.....................
934,230
Other
assets
in
excess
of
liabilities
—
3.09%
......................
29,833
Net
Assets
-
100.00%
$
964,063
Amounts
designated
as
"—"
are
$0
or
have
been
rounded
to
$0.
107
HC
CAPITAL
TRUST
The
Institutional
International
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
The
following
table
reflects
the
percentage
of
total
net
assets
of
the
Portfolio
attributable
to
each
Specialist
Manager
as
of
March
31,
2024
Amounts
designated
as
"—"
indicate
the
Specialist
Manager
did
not
manage
any
holdings
in
that
category. 
^
All
or
part
of
this
security
was
on
loan
as
of
March
31,
2024.
^^
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
March
31,
2024.
(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
March
31,
2024.
(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
The
Institutional
International
Equity
Portfolio
City
of
London
Investment
Management
Company,
Limited
Mellon
Investments
Corporation
Parametric
Portfolio
Associates,
LLC
HC
Capital
Solutions
Monashee
Investment
Management,
LLC
Total
Common
Stocks
..............................................................................
—
50.35
%
—
—
—
50.35
%
Investment
Companies
....................................................................
19.71
%
0.20
%
18.12
%
0.01
%
8.52
%
46.56
%
Purchased
Options
on
Futures
........................................................
—
—
—
—
0.00
%
0.00
%
Other
Assets
(Liabilities)
................................................................
-0.01
%
0.29
%
0.82
%
—
1.99
%
3.09
%
Total
Net
Assets
.........................................................................
19.70
%
50.84
%
18.94
%
0.01
%
10.51
%
100.00
%
The
following
table
reflects
the
open
derivative
positions
held
by
the
Portfolio
as
of
March
31,
2024
.
Futures
Contracts
Purchased
*
Description
Number
of
Contracts
Expiration
Date
Notional
Amount
(000)
Value
and
Unrealized
Appreciation/
(Depreciation)
(000)
MSCI
EAFE
Index
Future
..................................
1,734
6/21/24
$
204,361
$
(545)
$
204,361
$
(545)
The
following
table
reflects
the
open
derivative
positions
held
by
the
Portfolio
as
of
March
31,
2024
.
Futures
Contracts
Sold
*
Description
Number
of
Contracts
Expiration
Date
Notional
Amount
(000)
Value
and
Unrealized
Appreciation/
(Depreciation)
(000)
E-Mini
S&P
500
Future
....................................
30
6/21/24
$
7,962
$
(125)
$
7,962
$
(125)
Total
Unrealized
Appreciation
.....................
$
—
Total
Unrealized
Depreciation
.....................
(670)
Total
Net
Unrealized
Appreciation/(Depreciation)
.......
$
(670)
*
Cash
has
been
pledged
as
collateral
for
futures
contracts
held
by
the
Portfolio.
108
HC
CAPITAL
TRUST
The
Institutional
International
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Options
on
Futures
Contracts
Exchange-traded
options
on
futures
contacts
written
as
of
March
31,
2024
were
as
follows:
Description
Put/Call
Number
of
Contracts
Notional
Amount
(000)
Exercise
Price
Expiration
Date
Value
(000)
E-Mini
S&P
500
Future
Option
.............
Put
17
$
3,846
$
4,525.00
4/19/24
$
(1)
E-Mini
S&P
500
Future
Option
.............
Put
16
3,480
4,350.00
4/19/24
(1)
E-Mini
S&P
500
Future
Option
.............
Put
14
3,028
4,325.00
4/19/24
(1)
E-Mini
S&P
500
Future
Option
.............
Put
5
1,300
5,200.00
4/19/24
(5)
E-Mini
S&P
500
Future
Option
.............
Put
18
3,960
4,400.00
4/19/24
(1)
E-Mini
S&P
500
Future
Option
.............
Put
20
4,425
4,425.00
4/19/24
(1)
E-Mini
S&P
500
Future
Option
.............
Put
14
3,115
4,450.00
4/19/24
(1)
E-Mini
S&P
500
Future
Option
.............
Put
15
3,375
4,500.00
4/19/24
(1)
E-Mini
S&P
500
Future
Option
.............
Put
3
765
5,100.00
4/26/24
(5)
E-Mini
S&P
500
Future
Option
.............
Put
5
1,300
5,200.00
4/30/24
(8)
E-Mini
S&P
500
Future
Option
.............
Put
10
2,263
4,525.00
4/30/24
(1)
E-Mini
S&P
500
Future
Option
.............
Put
16
3,856
4,820.00
4/30/24
(4)
E-Mini
S&P
500
Future
Option
.............
Put
16
3,800
4,750.00
4/30/24
(3)
E-Mini
S&P
500
Future
Option
.............
Put
15
3,544
4,725.00
4/30/24
(3)
E-Mini
S&P
500
Future
Option
.............
Put
2
465
4,650.00
4/30/24
—
E-Mini
S&P
500
Future
Option
.............
Put
19
4,394
4,625.00
4/30/24
(3)
E-Mini
S&P
500
Future
Option
.............
Put
23
5,290
4,600.00
4/30/24
(3)
E-Mini
S&P
500
Future
Option
.............
Put
11
2,516
4,575.00
4/30/24
(1)
E-Mini
S&P
500
Future
Option
.............
Put
17
4,216
4,960.00
4/30/24
(7)
E-Mini
S&P
500
Future
Option
.............
Put
8
1,820
4,550.00
4/30/24
(1)
E-Mini
S&P
500
Future
Option
.............
Put
4
996
4,980.00
5/10/24
(6)
E-Mini
S&P
500
Future
Option
.............
Put
19
4,560
4,800.00
5/17/24
(9)
E-Mini
S&P
500
Future
Option
.............
Put
23
5,549
4,825.00
5/17/24
(13)
E-Mini
S&P
500
Future
Option
.............
Put
29
6,851
4,725.00
5/17/24
(11)
E-Mini
S&P
500
Future
Option
.............
Put
28
6,580
4,700.00
5/17/24
(10)
E-Mini
S&P
500
Future
Option
.............
Put
33
7,713
4,675.00
5/17/24
(11)
E-Mini
S&P
500
Future
Option
.............
Put
13
3,023
4,650.00
5/17/24
(4)
E-Mini
S&P
500
Future
Option
.............
Put
8
1,850
4,625.00
5/17/24
(2)
E-Mini
S&P
500
Future
Option
.............
Put
8
1,800
4,500.00
5/17/24
(2)
E-Mini
S&P
500
Future
Option
.............
Put
10
2,225
4,450.00
5/17/24
(2)
E-Mini
S&P
500
Future
Option
.............
Put
12
2,655
4,425.00
5/17/24
(2)
E-Mini
S&P
500
Future
Option
.............
Put
32
7,599
4,750.00
5/17/24
(13)
E-Mini
S&P
500
Future
Option
.............
Put
8
1,740
4,350.00
5/17/24
(1)
E-Mini
S&P
500
Future
Option
.............
Put
8
1,940
4,850.00
5/17/24
(5)
E-Mini
S&P
500
Future
Option
.............
Put
4
985
4,925.00
5/17/24
(6)
E-Mini
S&P
500
Future
Option
.............
Put
3
716
4,775.00
5/17/24
(3)
E-Mini
S&P
500
Future
Option
.............
Put
2
482
4,815.00
5/17/24
(2)
E-Mini
S&P
500
Future
Option
.............
Put
13
3,104
4,775.00
5/17/24
(6)
E-Mini
S&P
500
Future
Option
.............
Put
8
1,980
4,950.00
5/17/24
(7)
E-Mini
S&P
500
Future
Option
.............
Put
8
1,980
4,950.00
5/17/24
(15)
E-Mini
S&P
500
Future
Option
.............
Put
4
970
4,850.00
5/31/24
(7)
E-Mini
S&P
500
Future
Option
.............
Put
7
1,698
4,850.00
5/31/24
(6)
E-Mini
S&P
500
Future
Option
.............
Put
7
1,715
4,900.00
5/31/24
(7)
E-Mini
S&P
500
Future
Option
.............
Put
4
972
4,860.00
5/31/24
(7)
E-Mini
S&P
500
Future
Option
.............
Put
5
1,205
4,820.00
5/31/24
(8)
E-Mini
S&P
500
Future
Option
.............
Put
4
968
4,840.00
5/31/24
(7)
E-Mini
S&P
500
Future
Option
.............
Put
6
1,461
4,870.00
5/31/24
(11)
109
HC
CAPITAL
TRUST
The
Institutional
International
Equity
Portfolio
Portfolio
of
Investments
(concluded)
—
March
31,
2024
(Unaudited)
Options
on
Futures
Contracts
(continued)
Description
Put/Call
Number
of
Contracts
Notional
Amount
(000)
Exercise
Price
Expiration
Date
Value
(000)
E-Mini
S&P
500
Future
Option
.............
Put
4
$
980
$
4,900.00
5/31/24
$
(8)
E-Mini
S&P
500
Future
Option
.............
Put
4
985
4,925.00
5/31/24
(8)
E-Mini
S&P
500
Future
Option
.............
Put
6
1,433
4,775.00
5/31/24
(8)
E-Mini
S&P
500
Future
Option
.............
Put
2
480
4,800.00
5/31/24
(3)
E-Mini
S&P
500
Future
Option
.............
Put
34
7,904
4,650.00
5/31/24
(16)
E-Mini
S&P
500
Future
Option
.............
Put
5
1,213
4,850.00
5/31/24
(8)
E-Mini
S&P
500
Future
Option
.............
Put
3
713
4,750.00
5/31/24
(4)
E-Mini
S&P
500
Future
Option
.............
Put
8
1,830
4,575.00
5/31/24
(3)
E-Mini
S&P
500
Future
Option
.............
Put
8
1,840
4,600.00
5/31/24
(3)
E-Mini
S&P
500
Future
Option
.............
Put
28
6,580
4,700.00
5/31/24
(15)
E-Mini
S&P
500
Future
Option
.............
Put
30
7,087
4,725.00
5/31/24
(17)
E-Mini
S&P
500
Future
Option
.............
Put
5
1,231
4,925.00
5/31/24
(5)
E-Mini
S&P
500
Future
Option
.............
Put
7
1,666
4,760.00
6/21/24
(14)
E-Mini
S&P
500
Future
Option
.............
Put
8
1,920
4,800.00
6/21/24
(18)
E-Mini
S&P
500
Future
Option
.............
Put
12
2,895
4,825.00
6/21/24
(15)
E-Mini
S&P
500
Future
Option
.............
Put
6
1,425
4,750.00
6/21/24
(6)
E-Mini
S&P
500
Future
Option
.............
Put
3
705
4,700.00
6/21/24
(5)
$
(390)
Exchanged-traded
options
on
futures
contacts
purchased
as
of
March
31,
2024
were
as
follows:
Description
Put/Call
Number
of
Contracts
Notional
Amount
(000)
Exercise
Price
Expiration
Date
Value
(000)
E-Mini
S&P
500
Future
Option
.............
Put
8
$
2,020
$
5,050.00
4/19/24
$
7
E-Mini
S&P
500
Future
Option
.............
Put
10
2,425
4,850.00
4/19/24
3
E-Mini
S&P
500
Future
Option
.............
Put
8
2,040
5,100.00
4/19/24
4
E-Mini
S&P
500
Future
Option
.............
Put
16
3,779
4,725.00
4/19/24
2
E-Mini
S&P
500
Future
Option
.............
Put
15
3,525
4,700.00
4/19/24
2
E-Mini
S&P
500
Future
Option
.............
Put
7
1,628
4,650.00
4/19/24
1
E-Mini
S&P
500
Future
Option
.............
Put
8
1,920
4,800.00
4/30/24
4
E-Mini
S&P
500
Future
Option
.............
Put
5
1,198
4,790.00
4/30/24
2
E-Mini
S&P
500
Future
Option
.............
Put
4
962
4,810.00
4/30/24
2
E-Mini
S&P
500
Future
Option
.............
Put
4
964
4,820.00
4/30/24
2
E-Mini
S&P
500
Future
Option
.............
Put
6
1,470
4,900.00
4/30/24
4
E-Mini
S&P
500
Future
Option
.............
Put
8
2,040
5,100.00
4/30/24
7
$
40
HC
CAPITAL
TRUST
The
Emerging
Markets
Portfolio
Portfolio
of
Investments
—
March
31,
2024
(Unaudited)
110
Shares
Security
Description
Value
(000)
Common
Stocks
—
84
.70
%
Brazil
—
4
.31
%
429,922
Ambev
SA
(
Beverages
)
.............
$
1,071
435,636
B3
SA
-
Brasil
Bolsa
Balcao
(
Capital
Markets
)
....................
1,042
230,432
Banco
Bradesco
SA
(
Banks
)
..........
585
514,150
Banco
Bradesco
SA
,
Preference
Shares
(
Banks
)
(a)
...................
1,462
35,932
Banco
BTG
Pactual
SA
(
Capital
Markets
)
(a)
261
90,794
Banco
do
Brasil
SA
(
Banks
)
..........
1,025
159,261
BB
Seguridade
Participacoes
SA
(
Insurance
)
1,033
48,968
Caixa
Seguridade
Participacoes
SA
(
Insurance
)
..................
153
80,534
CCR
SA
(
Transportation
Infrastructure
)
..
222
91,542
Centrais
Eletricas
Brasileiras
SA
(
Electric
Utilities
)
....................
761
8,701
Cia
de
Saneamento
Basico
do
Estado
de
Sao
Paulo
SABESP
(
Water
Utilities
)
...
147
444,892
Cia
Energetica
de
Minas
Gerais
,
Preference
Shares
(
Electric
Utilities
)
........
1,114
98,100
Cia
Siderurgica
Nacional
SA
(
Metals
&
Mining
)
.....................
307
25,620
Gerdau
SA
,
Preference
Shares
(
Metals
&
Mining
)
.....................
113
301,349
Hapvida
Participacoes
e
Investimentos
S/A
(
Health
Care
Providers
&
Services
)
(b)
222
414,005
Itau
Unibanco
Holding
SA
,
Preference
Shares
(
Banks
)
................
2,860
64,681
Itausa
SA
(
Banks
)
.................
135
64,365
JBS
S/A
(
Food
Products
)
............
276
144,200
Klabin
SA
(
Containers
&
Packaging
)
....
726
103,765
Localiza
Rent
a
Car
SA
(
Ground
Transportation
)
...............
1,131
153,824
Lojas
Renner
SA
(
Specialty
Retail
)
.....
521
462,500
Magazine
Luiza
SA
(
Broadline
Retail
)
(b)
.
166
97,849
Natura
&
Co.
Holding
SA
(
Personal
Care
Products
)
(a)
(b)
...............
349
487,445
Petroleo
Brasileiro
SA
(
Oil,
Gas
&
Consumable
Fuels
)
.............
3,722
184,422
Petroleo
Brasileiro
SA
,
Preference
Shares
(
Oil,
Gas
&
Consumable
Fuels
)
....
1,374
93,520
PRIO
SA
(
Oil,
Gas
&
Consumable
Fuels
)
(a)
909
223,600
Raia
Drogasil
SA
(
Consumer
Staples
Distribution
&
Retail
)
...........
1,220
45,616
Rede
D'Or
Sao
Luiz
SA
(
Health
Care
Providers
&
Services
)
...........
230
108,800
Rumo
SA
(
Ground
Transportation
)
(a)
...
483
41,400
Suzano
SA
(
Paper
&
Forest
Products
)
...
528
203,702
TIM
SA
(
Wireless
Telecommunication
Services
)
....................
723
241,811
Vale
SA
(
Metals
&
Mining
)
...........
2,934
49,658
Vibra
Energia
SA
(
Specialty
Retail
)
(a)
...
248
243,850
WEG
SA
(
Electrical
Equipment
)
.......
1,858
29,911
Chile
—
0
.44
%
23,065
Banco
de
Credito
e
Inversiones
SA
(
Banks
)
660
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Chile
(continued)
293,158
Empresas
CMPC
SA
(
Paper
&
Forest
Products
)
....................
$
596
7,657,528
Enel
Americas
SA
(
Electric
Utilities
)
....
747
7,027,795
Enel
Chile
SA
(
Electric
Utilities
)
.......
423
47,236
Falabella
SA
(
Broadline
Retail
)
(b)
......
124
11,341,129
Latam
Airlines
Group
SA
(
Passenger
Airlines
)
(b)
..................
141
7,697
Sociedad
Quimica
y
Minera
de
Chile
SA
,
Preference
Shares
(
Electrical
Equipment
)
..................
375
3,066
China
—
18
.70
%
77,365
360
Security
Technology,
Inc.
,
Class
-
A
(
Software
)
(b)
.................
95
14,000
AAC
Technologies
Holdings,
Inc.
(
Electronic
Equipment,
Instruments
&
Components
)
.................
47
2,150,000
Agricultural
Bank
of
China
Ltd.
,
H
Shares
(
Banks
)
.....................
907
75,400
Air
China
Ltd.
,
Class
-
A
(
Passenger
Airlines
)
(b)
..................
76
700,000
Air
China
Ltd.
,
H
Shares
(
Passenger
Airlines
)
(b)
..................
340
43,000
Akeso,
Inc.
(
Biotechnology
)
(b)
........
256
1,302,618
Alibaba
Group
Holding
Ltd.
(
Broadline
Retail
)
......................
11,693
314,000
Aluminum
Corp
of
China
Ltd.
,
H
Shares
(
Metals
&
Mining
)
.............
199
155,700
Aluminum
Corp.
of
China
Ltd.
,
Class
-
A
(
Metals
&
Mining
)
.............
153
6,300
Anjoy
Foods
Group
Co.
Ltd.
,
Class
-
A
(
Food
Products
)
...............
72
111,000
ANTA
Sports
Products
Ltd.
(
Textiles,
Apparel
&
Luxury
Goods
)
.......
1,180
5,814
Autohome,
Inc.
,
ADR
(
Interactive
Media
&
Services
)
....................
152
177,126
Baidu,
Inc.
(
Interactive
Media
&
Services
)
(b)
..................
2,324
5,524,100
Bank
of
China
Ltd.
,
H
Shares
(
Banks
)
...
2,280
1,399,000
Bank
of
Communications
Co.
Ltd.
,
H
Shares
(
Banks
)
.....................
919
281,350
Beijing
Dabeinong
Technology
Group
Co.
Ltd.
,
Class
-
A
(
Food
Products
)
....
192
9,449
Bilibili,
Inc.
,
ADR
(
Entertainment
)
(b)
...
106
4,040
Bilibili,
Inc.
,
Class
-
Z
(
Entertainment
)
(b)
46
32,000
BYD
Co.
Ltd.
(
Automobiles
)
(a)
.......
824
70,553
BYD
Co.
Ltd.
,
Class
-
A
(
Automobiles
)
..
2,034
115,500
BYD
Electronic
International
Co.
Ltd.
(
Communications
Equipment
)
.....
426
1,061,000
CGN
Power
Co.
Ltd.
,
H
Shares
(
Independent
Power
and
Renewable
Electricity
Producers
)
...........
315
60,100
Chengxin
Lithium
Group
Co.
Ltd.
,
Class
-
A
(
Chemicals
)
..................
160
432,000
China
Cinda
Asset
Management
Co.
Ltd.
,
H
Shares
(
Capital
Markets
)
(a)
......
36
111
HC
CAPITAL
TRUST
The
Emerging
Markets
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
China
(continued)
134,900
China
Communications
Services
Corp.
Ltd.
,
H
Shares
(
Construction
&
Engineering
)
.................
$
63
8,731,350
China
Construction
Bank
Corp.
,
H
Shares
(
Banks
)
.....................
5,267
30,800
China
CSSC
Holdings
Ltd.
,
Class
-
A
(
Machinery
)
.................
147
1,641,000
China
Everbright
Bank
Co.
Ltd.
,
H
Shares
(
Banks
)
.....................
472
110,000
China
Feihe
Ltd.
(
Food
Products
)
......
52
69,200
China
Galaxy
Securities
Co.
Ltd.
,
Class
-
A
(
Capital
Markets
)
..............
113
174,000
China
Galaxy
Securities
Co.
Ltd.
,
H
Shares
(
Capital
Markets
)
..............
85
53,600
China
International
Capital
Corp.
Ltd.
,
Class
-
A
(
Capital
Markets
)
...........
238
50,800
China
International
Capital
Corp.
Ltd.
,
H
Shares
(
Capital
Markets
)
........
60
1,115,000
China
Life
Insurance
Co.
Ltd.
,
H
Shares
(
Insurance
)
..................
1,338
108,200
China
Literature
Ltd.
(
Media
)
(a)
(b)
.....
362
290,000
China
Longyuan
Power
Group
Corp.
Ltd.
,
H
Shares
(
Independent
Power
and
Renewable
Electricity
Producers
)
..
203
126,000
China
Mengniu
Dairy
Co.
Ltd.
(
Food
Products
)
(a)
..................
270
77,800
China
Merchants
Bank
Co.
Ltd.
,
Class
-
A
(
Banks
)
.....................
346
410,500
China
Merchants
Bank
Co.
Ltd.
,
H
Shares
(
Banks
)
.....................
1,623
1,030,000
China
National
Building
Material
Co.
Ltd.
,
H
Shares
(
Construction
Materials
)
(a)
354
80,850
China
Northern
Rare
Earth
Group
High-
Tech
Co.
Ltd.
,
Class
-
A
(
Metals
&
Mining
)
.....................
214
72,200
China
Pacific
Insurance
Group
Co.
Ltd.
,
Class
-
A
(
Insurance
)
...........
226
584,800
China
Petroleum
&
Chemical
Corp.
,
Class
-
A
(
Oil,
Gas
&
Consumable
Fuels
)
..
503
1,643,400
China
Petroleum
&
Chemical
Corp.
,
H
Shares
(
Oil,
Gas
&
Consumable
Fuels
)
932
156,700
China
Railway
Group
Ltd.
,
Class
-
A
(
Construction
&
Engineering
)
.....
148
479,000
China
Shenhua
Energy
Co.
Ltd.
,
H
Shares
(
Oil,
Gas
&
Consumable
Fuels
)
....
1,882
9,400
China
Tourism
Group
Duty
Free
Corp.
Ltd.
,
Class
-
A
(
Specialty
Retail
)
.......
112
5,316,000
China
Tower
Corp.
Ltd.
,
H
Shares
(
Diversified
Telecommunication
Services
)
....................
611
71,100
China
Vanke
Co.
Ltd.
,
H
Shares
(
Real
Estate
Management
&
Development
)
(a)
...
49
97,800
China
Yangtze
Power
Co.
Ltd.
,
Class
-
A
(
Independent
Power
and
Renewable
Electricity
Producers
)
...........
336
12,400
Chongqing
Brewery
Co.
Ltd.
,
Class
-
A
(
Beverages
)
..................
111
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
China
(continued)
51,000
Chongqing
Changan
Automobile
Co.
Ltd.
,
Class
-
A
(
Automobiles
)
.........
$
121
55,650
Chongqing
Zhifei
Biological
Products
Co.
Ltd.
,
Class
-
A
(
Biotechnology
)
....
349
894,000
CITIC
Ltd.
(
Industrial
Conglomerates
)
...
859
189,765
CITIC
Securities
Co.
Ltd.
,
Class
-
A
(
Capital
Markets
)
....................
507
83,000
CITIC
Securities
Co.
Ltd.
,
H
Shares
(
Capital
Markets
)
....................
137
285,000
CMOC
Group
Ltd.
,
H
Shares
(
Metals
&
Mining
)
.....................
242
23,040
Contemporary
Amperex
Technology
Co.
Ltd.
,
Class
-
A
(
Electrical
Equipment
)
602
40,000
COSCO
SHIPPING
Energy
Transportation
Co.
Ltd.
,
Class
-
A
(
Oil,
Gas
&
Consumable
Fuels
)
.............
88
482,430
COSCO
SHIPPING
Holdings
Co.
Ltd.
,
Class
-
A
(
Marine
Transportation
)
..
693
124,800
COSCO
SHIPPING
Holdings
Co.
Ltd.
,
H
Shares
(
Marine
Transportation
)
....
131
1,222,000
Country
Garden
Holdings
Co.
Ltd.
(
Real
Estate
Management
&
Development
)
^
(b)
.............
76
195,678
Country
Garden
Services
Holdings
Co.
Ltd.
(
Real
Estate
Management
&
Development
)
................
125
118,100
CSC
Financial
Co.
Ltd.
,
Class
-
A
(
Capital
Markets
)
....................
359
712,000
CSPC
Pharmaceutical
Group
Ltd.
(
Pharmaceuticals
)
(a)
...........
559
73,400
Dongfang
Electric
Corp.
Ltd.
,
Class
-
A
(
Electrical
Equipment
)
..........
157
202,590
East
Money
Information
Co.
Ltd.
,
Class
-
A
(
Capital
Markets
)
..............
361
79,300
ENN
Energy
Holdings
Ltd.
(
Gas
Utilities
)
611
55,623
Eve
Energy
Co.
Ltd.
,
Class
-
A
(
Electrical
Equipment
)
..................
302
85,400
Fangda
Carbon
New
Material
Co.
Ltd.
,
Class
-
A
(
Electrical
Equipment
)
(b)
.
57
450,300
Focus
Media
Information
Technology
Co.
Ltd.
,
Class
-
A
(
Media
)
..........
405
58,660
Foshan
Haitian
Flavouring
&
Food
Co.
Ltd.
,
Class
-
A
(
Food
Products
)
........
321
67,000
Fosun
International
Ltd.
(
Industrial
Conglomerates
)
...............
35
25,400
Fujian
Sunner
Development
Co.
Ltd.
,
Class
-
A
(
Food
Products
)
............
55
110,000
Genscript
Biotech
Corp.
(
Life
Sciences
Tools
&
Services
)
(a)
(b)
.........
204
112,200
GF
Securities
Co.
Ltd.
,
Class
-
A
(
Capital
Markets
)
....................
208
85,000
GF
Securities
Co.
Ltd.
,
H
Shares
(
Capital
Markets
)
....................
88
2,400
Ginlong
Technologies
Co.
Ltd.
,
Class
-
A
(
Electrical
Equipment
)
..........
20
276,500
Great
Wall
Motor
Co.
Ltd.
(
Automobiles
)
307
37,800
Gree
Electric
Appliances,
Inc.
of
Zhuhai
,
Class
-
A
(
Household
Durables
)
....
205
112
HC
CAPITAL
TRUST
The
Emerging
Markets
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
China
(continued)
157,000
Guanghui
Energy
Co.
Ltd.
,
Class
-
A
(
Oil,
Gas
&
Consumable
Fuels
)
.......
$
157
598,000
Guangzhou
Automobile
Group
Co.
Ltd.
,
H
Shares
(
Automobiles
)
...........
245
12,766
H
World
Group
Ltd.
,
ADR
(
Hotels,
Restaurants
&
Leisure
)
..........
494
162,000
Haidilao
International
Holding
Ltd.
(
Hotels,
Restaurants
&
Leisure
)
..........
366
111,100
Haier
Smart
Home
Co.
Ltd.
,
Class
-
A
(
Household
Durables
)
...........
386
211,800
Haier
Smart
Home
Co.
Ltd.
,
H
Shares
(
Household
Durables
)
...........
659
100
Haitong
Securities
Co.
Ltd.
,
Class
-
A
(
Capital
Markets
)
..............
—
88,400
Haitong
Securities
Co.
Ltd.
,
H
Shares
(
Capital
Markets
)
..............
42
160,500
Hengan
International
Group
Co.
Ltd.
(
Personal
Care
Products
)
........
505
45,000
Hengli
Petrochemical
Co.
Ltd.
,
Class
-
A
(
Chemicals
)
(b)
................
85
10,100
Hithink
RoyalFlush
Information
Network
Co.
Ltd.
,
Class
-
A
(
Capital
Markets
)
188
137,000
Hua
Hong
Semiconductor
Ltd.
(
Semiconductors
&
Semiconductor
Equipment
)
(a)
(b)
..............
267
25,200
Huadong
Medicine
Co.
Ltd.
,
Class
-
A
(
Health
Care
Providers
&
Services
)
.
107
352,000
Huaneng
Power
International,
Inc.
,
H
Shares
(
Independent
Power
and
Renewable
Electricity
Producers
)
(a)
(b)
.......
207
100
Huatai
Securities
Co.
Ltd.
,
Class
-
A
(
Capital
Markets
)
....................
—
59,000
Huatai
Securities
Co.
Ltd.
,
H
Shares
(
Capital
Markets
)
....................
67
23,184
IEIT
Systems
Co.
Ltd.
,
Class
-
A
(
Technology
Hardware,
Storage
&
Peripherals
)
..................
142
56,000
Iflytek
Co.
Ltd.
,
Class
-
A
(
Software
)
....
384
6,214,440
Industrial
&
Commercial
Bank
of
China
Ltd.
,
H
Shares
(
Banks
)
..........
3,128
757,900
Inner
Mongolia
BaoTou
Steel
Union
Co.
Ltd.
,
Class
-
A
(
Metals
&
Mining
)
(b)
167
128,500
Innovent
Biologics,
Inc.
(
Biotechnology
)
(b)
619
22,650
iQIYI,
Inc.
,
ADR
(
Entertainment
)
(b)
....
96
84,050
JD
Health
International,
Inc.
(
Consumer
Staples
Distribution
&
Retail
)
(b)
...
297
177,057
JD.com,
Inc.
(
Broadline
Retail
)
........
2,441
1,180,000
Jiangsu
Expressway
Co.
Ltd.
,
H
Shares
(
Transportation
Infrastructure
)
.....
1,208
31
Jiangsu
Hengrui
Pharmaceuticals
Co.
Ltd.
,
Class
-
A
(
Pharmaceuticals
)
.......
—
75,900
Juneyao
Airlines
Co.
Ltd.
,
Class
-
A
(
Passenger
Airlines
)
(b)
..........
125
12,389
Kanzhun
Ltd.
,
ADR
(
Interactive
Media
&
Services
)
....................
217
54,155
KE
Holdings,
Inc.
,
ADR
(
Real
Estate
Management
&
Development
)
.....
744
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
China
(continued)
421,000
Kingdee
International
Software
Group
Co.
Ltd.
(
Software
)
(b)
.............
$
475
62,000
Kingsoft
Corp.
Ltd.
(
Entertainment
)
(a)
...
191
197,500
Kuaishou
Technology
,
Class
-
W
(
Interactive
Media
&
Services
)
(b)
...........
1,238
5,400
Kweichow
Moutai
Co.
Ltd.
,
Class
-
A
(
Beverages
)
..................
1,271
338,000
Lenovo
Group
Ltd.
(
Technology
Hardware,
Storage
&
Peripherals
)
..........
392
46,500
Lens
Technology
Co.
Ltd.
,
Class
-
A
(
Electronic
Equipment,
Instruments
&
Components
)
.................
87
101,414
Li
Auto,
Inc.
,
Class
-
A
(
Automobiles
)
(b)
.
1,572
229,000
Li
Ning
Co.
Ltd.
(
Textiles,
Apparel
&
Luxury
Goods
)
...............
609
158,000
Longfor
Group
Holdings
Ltd.
(
Real
Estate
Management
&
Development
)
(a)
...
223
131,819
Luxshare
Precision
Industry
Co.
Ltd.
,
Class
-
A
(
Electronic
Equipment,
Instruments
&
Components
)
...............
543
218,160
Meinian
Onehealth
Healthcare
Holdings
Co.
Ltd.
,
Class
-
A
(
Health
Care
Providers
&
Services
)
(b)
................
151
401,828
Meituan
,
Class
-
W
(
Hotels,
Restaurants
&
Leisure
)
(b)
..................
4,970
30,000
MINISO
Group
Holding
Ltd.
,
Class
-
A
(
Broadline
Retail
)
.............
154
7,280
Muyuan
Foods
Co.
Ltd.
,
Class
-
A
(
Food
Products
)
....................
42
168,600
NetEase,
Inc.
(
Entertainment
)
.........
3,507
20,200
New
China
Life
Insurance
Co.
Ltd.
,
Class
-
A
(
Insurance
)
.................
84
171,200
New
China
Life
Insurance
Co.
Ltd.
,
H
Shares
(
Insurance
)
.............
303
121,600
New
Oriental
Education
&
Technology
Group,
Inc.
(
Diversified
Consumer
Services
)
(b)
..................
1,059
121,605
NIO,
Inc.
,
ADR
(
Automobiles
)
(b)
......
547
33,800
Nongfu
Spring
Co.
Ltd.
,
H
Shares
(
Beverages
)
..................
182
111,600
Perfect
World
Co.
Ltd.
,
Class
-
A
(
Entertainment
)
...............
164
456,300
PetroChina
Co.
Ltd.
,
Class
-
A
(
Oil,
Gas
&
Consumable
Fuels
)
.............
584
1,264,000
PetroChina
Co.
Ltd.
,
H
Shares
(
Oil,
Gas
&
Consumable
Fuels
)
.............
1,080
330,000
PICC
Property
&
Casualty
Co.
Ltd.
,
H
Shares
(
Insurance
)
.............
435
532,517
Ping
An
Insurance
Group
Co.
of
China
Ltd.
(
Insurance
)
..................
2,249
71,500
Range
Intelligent
Computing
Technology
Group
Co.
Ltd.
(
Machinery
)
......
301
345,600
Rongsheng
Petrochemical
Co.
Ltd.
,
Class
-
A
(
Chemicals
)
................
519
45,700
SAIC
Motor
Corp.
Ltd.
,
Class
-
A
(
Automobiles
)
................
95
16,300
Seres
Group
Co.
Ltd.
,
Class
-
A
(
Automobiles
)
(b)
..............
205
113
HC
CAPITAL
TRUST
The
Emerging
Markets
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
China
(continued)
364,300
Shanghai
Electric
Group
Co.
Ltd.
,
Class
-
A
(
Electrical
Equipment
)
(b)
........
$
212
9,000
Shanghai
Junshi
Biosciences
Co.
Ltd.
,
Class
-
A
(
Biotechnology
)
(b)
..........
34
921,300
Shanghai
Pharmaceuticals
Holding
Co.
Ltd.
,
H
Shares
(
Health
Care
Providers
&
Services
)
....................
1,330
6,090
Shanghai
Putailai
New
Energy
Technology
Co.
Ltd.
,
Class
-
A
(
Chemicals
)
....
16
82,200
Shanxi
Meijin
Energy
Co.
Ltd.
,
Class
-
A
(
Metals
&
Mining
)
(b)
...........
73
57,920
Shenzhen
Kangtai
Biological
Products
Co.
Ltd.
,
Class
-
A
(
Biotechnology
)
....
175
99,700
Shenzhou
International
Group
Holdings
Ltd.
(
Textiles,
Apparel
&
Luxury
Goods
)
(a)
944
26,100
Sichuan
Kelun
Pharmaceutical
Co.
Ltd.
,
Class
-
A
(
Pharmaceuticals
)
.......
109
50,000
Silergy
Corp.
(
Semiconductors
&
Semiconductor
Equipment
)
.......
511
106,800
Sinopharm
Group
Co.
Ltd.
,
H
Shares
(
Health
Care
Providers
&
Services
)
.
274
169,000
Smoore
International
Holdings
Ltd.
(
Tobacco
)
^
..................
144
233,617
Songcheng
Performance
Development
Co.
Ltd.
,
Class
-
A
(
Hotels,
Restaurants
&
Leisure
)
....................
329
5,000
StarPower
Semiconductor
Ltd.
,
Class
-
A
(
Semiconductors
&
Semiconductor
Equipment
)
..................
100
12,100
Sungrow
Power
Supply
Co.
Ltd.
,
Class
-
A
(
Electrical
Equipment
)
..........
173
94,127
Sunny
Optical
Technology
Group
Co.
Ltd.
(
Electronic
Equipment,
Instruments
&
Components
)
.................
480
30,900
Suzhou
Dongshan
Precision
Manufacturing
Co.
Ltd.
,
Class
-
A
(
Electronic
Equipment,
Instruments
&
Components
)
.................
62
13,568
Suzhou
Maxwell
Technologies
Co.
Ltd.
,
Class
-
A
(
Semiconductors
&
Semiconductor
Equipment
)
.......
200
45,497
TAL
Education
Group
,
ADR
(
Diversified
Consumer
Services
)
(b)
..........
516
525,386
Tencent
Holdings
Ltd.
(
Interactive
Media
&
Services
)
(a)
..................
20,394
55,429
Tencent
Music
Entertainment
Group
,
ADR
(
Entertainment
)
(b)
.............
620
38,100
Trip.com
Group
Ltd.
(
Hotels,
Restaurants
&
Leisure
)
(b)
..................
1,680
30,940
Unisplendour
Corp.
Ltd.
,
Class
-
A
(
Electronic
Equipment,
Instruments
&
Components
)
(b)
...............
94
40,691
Vipshop
Holdings
Ltd.
,
ADR
(
Broadline
Retail
)
......................
673
81,675
Walvax
Biotechnology
Co.
Ltd.
,
Class
-
A
(
Biotechnology
)
...............
175
50,500
Weichai
Power
Co.
Ltd.
,
Class
-
A
(
Machinery
)
.................
114
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
China
(continued)
54,000
Weichai
Power
Co.
Ltd.
,
H
Shares
(
Machinery
)
.................
$
103
44,260
Wens
Foodstuffs
Group
Co.
Ltd.
,
Class
-
A
(
Food
Products
)
...............
114
134,279
Wuhan
Guide
Infrared
Co.
Ltd.
,
Class
-
A
(
Electronic
Equipment,
Instruments
&
Components
)
.................
135
19,900
Wuliangye
Yibin
Co.
Ltd.
,
Class
-
A
(
Beverages
)
..................
422
30,360
WUS
Printed
Circuit
Kunshan
Co.
Ltd.
,
Class
-
A
(
Electronic
Equipment,
Instruments
&
Components
)
......
128
27,200
WuXi
AppTec
Co.
Ltd.
,
Class
-
A
(
Life
Sciences
Tools
&
Services
)
.......
177
30,340
WuXi
AppTec
Co.
Ltd.
,
H
Shares
(
Life
Sciences
Tools
&
Services
)
.......
144
323,500
Wuxi
Biologics
Cayman,
Inc.
(
Life
Sciences
Tools
&
Services
)
(b)
...........
591
1,203,000
Xiaomi
Corp.
,
Class
-
W
(
Technology
Hardware,
Storage
&
Peripherals
)
(a)
(b)
..............
2,296
51,700
Xinjiang
Goldwind
Science
&
Technology
Co.
Ltd.
,
Class
-
A
(
Electrical
Equipment
)
..................
53
468,481
Xinyi
Solar
Holdings
Ltd.
(
Semiconductors
&
Semiconductor
Equipment
)
.....
363
98,064
XPeng,
Inc.
,
A
Shares
(
Automobiles
)
(b)
..
402
366,000
Yadea
Group
Holdings
Ltd.
(
Automobiles
)
(a)
..............
593
30,900
Yankuang
Energy
Group
Co.
Ltd.
,
Class
-
A
(
Oil,
Gas
&
Consumable
Fuels
)
....
99
219,000
Yankuang
Energy
Group
Co.
Ltd.
,
H
Shares
(
Oil,
Gas
&
Consumable
Fuels
)
....
460
60,970
Yealink
Network
Technology
Corp.
Ltd.
,
Class
-
A
(
Communications
Equipment
)
..................
212
76,440
Yintai
Gold
Co.
Ltd.
,
Class
-
A
(
Metals
&
Mining
)
(b)
..................
179
124,076
Yonyou
Network
Technology
Co.
Ltd.
,
Class
-
A
(
Software
)
............
207
45,851
Yum
China
Holdings,
Inc.
(
Hotels,
Restaurants
&
Leisure
)
..........
1,824
27,030
Yunda
Holding
Co.
Ltd.
,
Class
-
A
(
Air
Freight
&
Logistics
)
............
27
10,800
Yunnan
Energy
New
Material
Co.
Ltd.
,
Class
-
A
(
Chemicals
)
...........
61
73,000
Zai
Lab
Ltd.
(
Biotechnology
)
(b)
.......
120
13,100
Zhangzhou
Pientzehuang
Pharmaceutical
Co.
Ltd.
,
Class
-
A
(
Pharmaceuticals
)
418
51,400
Zhejiang
Century
Huatong
Group
Co.
Ltd.
,
Class
-
A
(
Entertainment
)
(b)
......
34
13,440
Zhejiang
Dingli
Machinery
Co.
Ltd.
,
Class
-
A
(
Machinery
)
................
104
1,509,720
Zhejiang
Expressway
Co.
Ltd.
,
H
Shares
(
Transportation
Infrastructure
)
.....
968
47,500
Zhejiang
Leapmotor
Technology
Co.
Ltd.
(
Automobiles
)
(b)
..............
159
114
HC
CAPITAL
TRUST
The
Emerging
Markets
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
China
(continued)
8,200
Zhejiang
Supor
Co.
Ltd.
,
Class
-
A
(
Household
Durables
)
...........
$
65
75,900
Zheshang
Securities
Co.
Ltd.
,
Class
-
A
(
Capital
Markets
)
..............
119
29,200
ZhongAn
Online
P&C
Insurance
Co.
Ltd.
,
H
Shares
(
Insurance
)
(b)
...........
47
15,300
Zhongji
Innolight
Co.
Ltd.
,
Class
-
A
(
Communications
Equipment
)
.....
327
63,500
Zhongsheng
Group
Holdings
Ltd.
(
Specialty
Retail
)
......................
110
530,500
Zijin
Mining
Group
Co.
Ltd.
,
Class
-
A
(
Metals
&
Mining
)
.............
1,182
218,000
Zijin
Mining
Group
Co.
Ltd.
,
H
Shares
(
Metals
&
Mining
)
.............
435
325,100
Zoomlion
Heavy
Industry
Science
and
Technology
Co.
Ltd.
,
Class
-
A
(
Machinery
)
.................
361
169,800
ZTE
Corp.
,
Class
-
A
(
Communications
Equipment
)
..................
645
96,000
ZTE
Corp.
,
H
Shares
(
Communications
Equipment
)
..................
191
27,491
ZTO
Express
Cayman,
Inc.
,
ADR
(
Air
Freight
&
Logistics
)
............
576
129,591
Colombia
—
0
.08
%
17,141
Bancolombia
SA
(
Banks
)
............
152
46,828
Bancolombia
SA
,
Preference
Shares
(
Banks
)
399
551
Cyprus
—
0
.00
%
7,712
TCS
Group
Holding
PLC
,
GDR
(
Banks
)
(b)
(c)
.................
—
Czech
Republic
—
0
.12
%
190,434
Moneta
Money
Bank
A/S
(
Banks
)
(a)
....
829
Egypt
—
0
.07
%
294,053
Commercial
International
Bank
-
Egypt
(CIB)
(
Banks
)
................
497
Greece
—
0
.37
%
239,049
Alpha
Services
and
Holdings
SA
(
Banks
)
(b)
420
262,846
Eurobank
Ergasias
Services
and
Holdings
SA
(
Banks
)
(b)
................
505
38,284
Hellenic
Telecommunications
Organization
SA
(
Diversified
Telecommunication
Services
)
....................
565
3,542
Mytilineos
SA
(
Industrial
Conglomerates
)
137
76,536
National
Bank
of
Greece
SA
(
Banks
)
(a)
(b)
598
84,553
Piraeus
Financial
Holdings
SA
(
Banks
)
(a)
(b)
.................
354
2,579
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Hong
Kong
—
1
.03
%
348,000
Alibaba
Health
Information
Technology
Ltd.
(
Consumer
Staples
Distribution
&
Retail
)
(a)
(b)
.................
$
141
1,039,733
Beijing
Enterprises
Water
Group
Ltd.
(
Water
Utilities
)
(a)
..................
231
270,000
China
Overseas
Land
&
Investment
Ltd.
(
Real
Estate
Management
&
Development
)
................
388
102,000
China
Resources
Beer
Holdings
Co.
Ltd.
(
Beverages
)
..................
470
633,761
China
Resources
Land
Ltd.
(
Real
Estate
Management
&
Development
)
.....
2,005
500,143
China
Resources
Power
Holdings
Co.
Ltd.
(
Independent
Power
and
Renewable
Electricity
Producers
)
...........
1,167
532,000
China
Ruyi
Holdings
Ltd.
(
Entertainment
)
(b)
.............
135
112,000
China
State
Construction
International
Holdings
Ltd.
(
Construction
&
Engineering
)
.................
122
79,400
China
Taiping
Insurance
Holdings
Co.
Ltd.
(
Insurance
)
(a)
................
69
1,172,000
Far
East
Horizon
Ltd.
(
Financial
Services
)
869
1,688,000
GCL
Technology
Holdings
Ltd.
(
Semiconductors
&
Semiconductor
Equipment
)
..................
276
536,000
Geely
Automobile
Holdings
Ltd.
(
Automobiles
)
(a)
..............
633
122,500
Kingboard
Holdings
Ltd.
(
Electronic
Equipment,
Instruments
&
Components
)
.................
250
735,000
Sino
Biopharmaceutical
Ltd.
(
Pharmaceuticals
)
(a)
...........
284
209,600
Yuexiu
Property
Co.
Ltd.
(
Real
Estate
Management
&
Development
)
.....
115
7,155
Hungary
—
0
.41
%
62,779
MOL
Hungarian
Oil
&
Gas
PLC
(
Oil,
Gas
&
Consumable
Fuels
)
...........
510
20,317
OTP
Bank
Nyrt
(
Banks
)
.............
936
54,565
Richter
Gedeon
Nyrt
(
Pharmaceuticals
)
..
1,385
2,831
India
—
16
.26
%
15,407
Adani
Enterprises
Ltd.
(
Trading
Companies
&
Distributors
)
...............
591
32,957
Adani
Green
Energy
Ltd.
(
Independent
Power
and
Renewable
Electricity
Producers
)
(b)
.................
725
123,743
Adani
Ports
&
Special
Economic
Zone
Ltd.
(
Transportation
Infrastructure
)
.....
1,991
96,565
Adani
Power
Ltd.
(
Independent
Power
and
Renewable
Electricity
Producers
)
(b)
618
212,891
Ambuja
Cements
Ltd.
(
Construction
Materials
)
...................
1,563
115
HC
CAPITAL
TRUST
The
Emerging
Markets
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
India
(continued)
8,752
Apollo
Hospitals
Enterprise
Ltd.
(
Health
Care
Providers
&
Services
)
.......
$
667
25,951
Asian
Paints
Ltd.
(
Chemicals
)
.........
886
34,614
Aurobindo
Pharma
Ltd.
(
Pharmaceuticals
)
(a)
...........
452
49,425
Avenue
Supermarts
Ltd.
(
Consumer
Staples
Distribution
&
Retail
)
(a)
(b)
......
2,682
259,886
Axis
Bank
Ltd.
(
Banks
)
(a)
...........
3,263
17,379
Bajaj
Auto
Ltd.
(
Automobiles
)
........
1,906
34,104
Bajaj
Finance
Ltd.
(
Consumer
Finance
)
(a)
2,963
77,010
Bajaj
Finserv
Ltd.
(
Financial
Services
)
...
1,518
216,368
Bharat
Petroleum
Corp.
Ltd.
(
Oil,
Gas
&
Consumable
Fuels
)
(a)
...........
1,563
127,685
Bharti
Airtel
Ltd.
(
Wireless
Telecommunication
Services
)
(a)
...
1,881
72,438
CG
Power
&
Industrial
Solutions
Ltd.
(
Electrical
Equipment
)
..........
470
8,842,285
Chennai
Super
Kings
Cricket
Ltd.
(
Entertainment
)
(b)
(c)
...........
11,503
75,285
Cholamandalam
Investment
and
Finance
Co.
Ltd.
(
Consumer
Finance
)
.....
1,044
445,809
Coal
India
Ltd.
(
Oil,
Gas
&
Consumable
Fuels
)
(a)
....................
2,321
15,000
Cummins
India
Ltd.
(
Machinery
)
.......
541
77,823
DLF
Ltd.
(
Real
Estate
Management
&
Development
)
(a)
..............
837
22,142
Dr.
Reddy's
Laboratories
Ltd.
,
ADR
(
Pharmaceuticals
)
.............
1,624
17,545
Eicher
Motors
Ltd.
(
Automobiles
)
(a)
....
846
478,101
GAIL
India
Ltd.
(
Gas
Utilities
)
........
1,038
138,532
HCL
Technologies
Ltd.
(
IT
Services
)
....
2,564
228,795
HDFC
Bank
Ltd.
(
Banks
)
............
3,972
14,600
Hindustan
Aeronautics
Ltd.
(
Aerospace
&
Defense
)
....................
582
46,133
Hindustan
Unilever
Ltd.
(
Personal
Care
Products
)
(a)
..................
1,253
495,827
ICICI
Bank
Ltd.
(
Banks
)
(a)
...........
6,500
208,399
Indian
Oil
Corp.
Ltd.
(
Oil,
Gas
&
Consumable
Fuels
)
.............
419
3,542
Info
Edge
India
Ltd.
(
Interactive
Media
&
Services
)
....................
237
233,876
Infosys
Ltd.
(
IT
Services
)
............
4,201
17,988
InterGlobe
Aviation
Ltd.
(
Passenger
Airlines
)
(a)
(b)
................
765
480,232
ITC
Ltd.
(
Tobacco
)
(a)
...............
2,467
296,119
Jio
Financial
Services
Ltd.
(
Financial
Services
)
(b)
..................
1,256
60,146
Kotak
Mahindra
Bank
Ltd.
(
Banks
)
(a)
...
1,288
41,894
Larsen
&
Toubro
Ltd.
(
Construction
&
Engineering
)
(a)
...............
1,891
43,286
Mahindra
&
Mahindra
Ltd.
(
Automobiles
)
(a)
..............
997
2,948
Maruti
Suzuki
India
Ltd.
(
Automobiles
)
..
445
543,033
NTPC
Ltd.
(
Independent
Power
and
Renewable
Electricity
Producers
)
(a)
2,187
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
India
(continued)
231,740
Oil
&
Natural
Gas
Corp.
Ltd.
(
Oil,
Gas
&
Consumable
Fuels
)
(a)
...........
$
745
31,703
Pidilite
Industries
Ltd.
(
Chemicals
)
.....
1,146
133,161
Power
Finance
Corp.
Ltd.
(
Financial
Services
)
....................
623
189,691
Power
Grid
Corp.
of
India
Ltd.
(
Electric
Utilities
)
....................
630
84,255
REC
Ltd.
(
Financial
Services
)
.........
456
290,485
Reliance
Industries
Ltd.
(
Oil,
Gas
&
Consumable
Fuels
)
.............
10,350
30,301
SBI
Life
Insurance
Co.
Ltd.
(
Insurance
)
..
545
5,875
Shree
Cement
Ltd.
(
Construction
Materials
)
(a)
.................
1,809
6,652
Shriram
Finance
Ltd.
(
Consumer
Finance
)
(a)
..................
188
234,732
State
Bank
of
India
(
Banks
)
(a)
........
2,118
76,178
Sun
Pharmaceutical
Industries
Ltd.
(
Pharmaceuticals
)
.............
1,480
792,468
Suzlon
Energy
Ltd.
(
Electrical
Equipment
)
(b)
................
384
65,618
Tata
Consultancy
Services
Ltd.
(
IT
Services
)
(a)
..................
3,050
191,775
Tata
Motors
Ltd.
(
Automobiles
)
(a)
.....
2,283
557,034
Tata
Steel
Ltd.
(
Metals
&
Mining
)
......
1,041
38,639
Titan
Co.
Ltd.
(
Textiles,
Apparel
&
Luxury
Goods
)
.....................
1,761
15,343
Trent
Ltd.
(
Specialty
Retail
)
..........
726
9,539
Tube
Investments
of
India
Ltd.
(
Automobile
Components
)
.................
427
22,694
UltraTech
Cement
Ltd.
(
Construction
Materials
)
...................
2,653
145,714
United
Spirits
Ltd.
(
Beverages
)
........
1,982
172,397
Vedanta
Ltd.
(
Metals
&
Mining
)
(a)
.....
562
345,442
Wipro
Ltd.
(
IT
Services
)
(a)
...........
1,989
1,074,947
Yes
Bank
Ltd.
(
Banks
)
(b)
............
299
450,806
Zomato
Ltd.
(
Hotels,
Restaurants
&
Leisure
)
(b)
..................
984
112,748
Indonesia
—
1
.48
%
360,200
Aneka
Tambang
Tbk
(
Metals
&
Mining
)
.
36
32,225,600
GoTo
Gojek
Tokopedia
Tbk
PT
(
Broadline
Retail
)
(b)
...................
140
2,110,400
PT
Astra
International
Tbk
(
Industrial
Conglomerates
)
...............
686
4,904,385
PT
Bank
Central
Asia
Tbk
(
Banks
)
.....
3,118
5,393,700
PT
Bank
Rakyat
Indonesia
Persero
Tbk
(
Banks
)
.....................
2,060
833,271
PT
Barito
Pacific
Tbk
(
Chemicals
)
......
50
1,875,600
PT
Charoen
Pokphand
Indonesia
Tbk
(
Food
Products
)
....................
621
345,000
PT
Indah
Kiat
Pulp
&
Paper
Tbk
(
Paper
&
Forest
Products
)
...............
208
2,093,700
PT
Indofood
Sukses
Makmur
Tbk
(
Food
Products
)
....................
842
9,480,935
PT
Kalbe
Farma
Tbk
(
Pharmaceuticals
)
..
882
116
HC
CAPITAL
TRUST
The
Emerging
Markets
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Indonesia
(continued)
237,400
PT
Merdeka
Copper
Gold
Tbk
(
Metals
&
Mining
)
(a)
(b)
................
$
34
621,400
PT
Semen
Indonesia
Persero
Tbk
(
Construction
Materials
)
.........
231
5,748,850
PT
Telkom
Indonesia
Persero
Tbk
(
Diversified
Telecommunication
Services
)
(a)
..................
1,259
63,800
PT
United
Tractors
Tbk
(
Oil,
Gas
&
Consumable
Fuels
)
.............
97
10,264
Ireland
(Republic
of)
—
0
.81
%
48,284
PDD
Holdings,
Inc.
,
ADR
(
Broadline
Retail
)
(b)
...................
5,613
Korea,
Republic
Of
—
0
.11
%
1,017
Cosmo
AM&T
Co.
Ltd.
(
Technology
Hardware,
Storage
&
Peripherals
)
(b)
123
2,605
Hanjin
Kal
Corp.
(
Passenger
Airlines
)
...
115
893
HYBE
Co.
Ltd.
(
Entertainment
)
.......
152
2,178
Kum
Yang
Co.
Ltd.
(
Chemicals
)
(b)
.....
183
3,445
Meritz
Financial
Group,
Inc.
(
Financial
Services
)
....................
209
782
Kuwait
—
0
.44
%
346,467
Boubyan
Bank
KSCP
(
Banks
)
.........
698
717,706
Kuwait
Finance
House
KSCP
(
Banks
)
...
1,866
163,585
National
Bank
of
Kuwait
SAKP
(
Banks
)
.
511
3,075
Malaysia
—
1
.39
%
241,900
AMMB
Holdings
Berhad
(
Banks
)
......
213
60,200
CELCOMDIGI
Berhad
(
Wireless
Telecommunication
Services
)
.....
54
1,093,800
IHH
Healthcare
Berhad
(
Health
Care
Providers
&
Services
)
...........
1,394
1,283,100
IOI
Corp.
Berhad
(
Food
Products
)
......
1,072
378,796
Malayan
Banking
Berhad
(
Banks
)
......
773
647,000
Malaysia
Airports
Holdings
Berhad
(
Transportation
Infrastructure
)
.....
1,354
581,500
Maxis
Berhad
(
Wireless
Telecommunication
Services
)
(a)
..................
414
15,300
Petronas
Gas
Berhad
(
Gas
Utilities
)
.....
57
754,700
Press
Metal
Aluminium
Holdings
Berhad
(
Metals
&
Mining
)
(a)
...........
744
1,142,400
Public
Bank
Berhad
(
Banks
)
..........
1,017
1,123,400
QL
Resources
Berhad
(
Food
Products
)
...
1,396
558,900
Sime
Darby
Berhad
(
Industrial
Conglomerates
)
...............
307
879,000
Sime
Darby
Plantation
Berhad
(
Food
Products
)
....................
808
9,603
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Mexico
—
2
.31
%
1,291,300
America
Movil
SAB
de
CV
,
Class
-
B
(
Wireless
Telecommunication
Services
)
....................
$
1,210
1,050,300
Cemex
SAB
de
CV
(
Construction
Materials
)
(b)
.................
927
138,800
Coca-Cola
Femsa
SAB
de
CV
(
Beverages
)
1,339
156,300
Fibra
Uno
Administracion
SA
de
CV
(
Diversified
REITs
)
(a)
..........
260
282,169
Fomento
Economico
Mexicano
SAB
de
CV
(
Beverages
)
..................
3,661
43,945
Grupo
Aeroportuario
del
Sureste
SAB
de
CV
,
Class
-
B
(
Transportation
Infrastructure
)
................
1,386
142,198
Grupo
Bimbo
SAB
de
CV
,
Class
-
A
(
Food
Products
)
....................
671
152,000
Grupo
Financiero
Banorte
SAB
de
CV
,
Class
-
O
(
Banks
)
..............
1,613
404,517
Grupo
Mexico
SAB
de
CV
,
Class
-
B
(
Metals
&
Mining
)
.............
2,388
454,300
Kimberly-Clark
de
Mexico
SAB
de
CV
,
Class
-
A
(
Household
Products
)
....
1,055
439,825
Orbia
Advance
Corp
SAB
de
CV
(
Chemicals
)
..................
919
56,466
Prologis
Property
Mexico
SA
de
CV
(
Industrial
REITs
)
(a)
...........
247
80,000
Wal-Mart
de
Mexico
SAB
de
CV
(
Consumer
Staples
Distribution
&
Retail
)
......................
322
15,998
Peru
—
0
.27
%
13,704
Cia
de
Minas
Buenaventura
SAA
,
ADR
(
Metals
&
Mining
)
.............
218
9,691
Credicorp
Ltd.
(
Banks
)
..............
1,642
1,860
Philippines
—
0
.82
%
1,181,140
Aboitiz
Equity
Ventures,
Inc.
(
Industrial
Conglomerates
)
(a)
.............
985
535,100
Ayala
Land,
Inc.
(
Real
Estate
Management
&
Development
)
(a)
............
307
1,663,713
Metropolitan
Bank
&
Trust
Co.
(
Banks
)
..
1,928
17,765
PLDT,
Inc.
(
Wireless
Telecommunication
Services
)
....................
433
117,693
SM
Investments
Corp.
(
Industrial
Conglomerates
)
...............
2,035
5,688
Poland
—
0
.76
%
54,859
Bank
Polska
Kasa
Opieki
SA
(
Banks
)
(a)
.
2,500
789
Budimex
SA
(
Construction
&
Engineering
)
(a)
...............
138
3,287
CD
Projekt
SA
(
Entertainment
)
........
96
1,239
Dino
Polska
SA
(
Consumer
Staples
Distribution
&
Retail
)
(b)
........
120
117
HC
CAPITAL
TRUST
The
Emerging
Markets
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Poland
(continued)
3,670
KGHM
Polska
Miedz
SA
(
Metals
&
Mining
)
.....................
$
105
50
LPP
SA
(
Textiles,
Apparel
&
Luxury
Goods
)
192
31,120
ORLEN
SA
(
Oil,
Gas
&
Consumable
Fuels
)
507
69,554
Powszechna
Kasa
Oszczednosci
Bank
Polski
SA
(
Banks
)
.............
1,034
48,013
Powszechny
Zaklad
Ubezpieczen
SA
(
Insurance
)
(a)
................
587
5,279
Qatar
—
0
.75
%
46,759
Industries
Qatar
QSC
(
Industrial
Conglomerates
)
...............
154
962,524
Masraf
Al
Rayan
QSC
(
Banks
)
........
628
370,757
Mesaieed
Petrochemical
Holding
Co.
(
Chemicals
)
..................
200
121,012
Qatar
Fuel
QSC
(
Oil,
Gas
&
Consumable
Fuels
)
......................
491
55,762
Qatar
International
Islamic
Bank
QSC
(
Banks
)
.....................
167
187,807
Qatar
Islamic
Bank
SAQ
(
Banks
)
......
980
508,820
Qatar
National
Bank
QPSC
(
Banks
)
.....
1,985
459,841
The
Commercial
Bank
PSQC
(
Banks
)
...
623
5,228
Russia
—
0
.00
%
877,850
Gazprom
PJSC
(
Oil,
Gas
&
Consumable
Fuels
)
(b)
(c)
..................
—
280,855
Gazprom
PJSC
,
ADR
(
Oil,
Gas
&
Consumable
Fuels
)
(b)
(c)
........
—
23,471
LUKOIL
PJSC
(
Oil,
Gas
&
Consumable
Fuels
)
(b)
(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
)
(b)
(c)
................
—
3,734
Polyus
PJSC
(
Metals
&
Mining
)
(b)
(c)
...
—
357,956
Sberbank
of
Russia
PJSC
(
Banks
)
(b)
(c)
..
—
113,164
Severstal
PAO
,
GDR
(
Metals
&
Mining
)
(b)
(c)
................
—
125,880
Tatneft
PJSC
(
Oil,
Gas
&
Consumable
Fuels
)
(b)
(c)
..................
—
766,486
The
Moscow
Exchange
(
Capital
Markets
)
(c)
—
814,600,000
VTB
Bank
PJSC
(
Banks
)
(b)
(c)
........
—
31,318
Yandex
N.V.
,
Class
-
A
(
Interactive
Media
&
Services
)
(b)
(c)
................
—
—
Saudi
Arabia
—
3
.45
%
159,310
Al
Rajhi
Bank
(
Banks
)
..............
3,529
4,497
Almarai
Co.
JSC
(
Food
Products
)
......
69
77,181
Banque
Saudi
Fransi
(
Banks
)
.........
802
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Saudi
Arabia
(continued)
21,193
Bupa
Arabia
for
Cooperative
Insurance
Co.
(
Insurance
)
..................
$
1,491
285,772
Dar
Al
Arkan
Real
Estate
Development
Co.
(
Real
Estate
Management
&
Development
)
(b)
..............
1,053
3,020
Dr.
Sulaiman
Al
Habib
Medical
Services
Group
Co.
(
Health
Care
Providers
&
Services
)
....................
253
7,918
Elm
Co.
(
IT
Services
)
...............
2,025
17,324
Mobile
Telecommunications
Co.
Saudi
Arabia
(
Wireless
Telecommunication
Services
)
....................
58
172,781
Riyad
Bank
(
Banks
)
................
1,373
49,704
SABIC
Agri-Nutrients
Co.
(
Chemicals
)
..
1,625
46,591
Sahara
International
Petrochemical
Co.
(
Chemicals
)
..................
384
228,943
Saudi
Arabian
Mining
Co.
(
Metals
&
Mining
)
(b)
..................
3,083
78,176
Saudi
Arabian
Oil
Co.
(
Oil,
Gas
&
Consumable
Fuels
)
.............
641
71,146
Saudi
Awwal
Bank
(
Banks
)
(a)
.........
787
62,760
Saudi
Basic
Industries
Corp.
(
Chemicals
)
.
1,307
72,167
Saudi
Industrial
Investment
Group
(
Chemicals
)
..................
431
110,340
Saudi
Kayan
Petrochemical
Co.
(
Chemicals
)
(b)
................
265
6,543
Saudi
Tadawul
Group
Holding
Co.
(
Capital
Markets
)
....................
476
121,265
Saudi
Telecom
Co.
(
Diversified
Telecommunication
Services
)
(a)
...
1,280
221,316
The
Saudi
National
Bank
(
Banks
)
......
2,408
37,378
The
Savola
Group
(
Food
Products
)
.....
563
23,903
South
Africa
—
2
.28
%
43,142
Absa
Group
Ltd.
(
Banks
)
............
338
7,411
Anglo
American
Platinum
Ltd.
(
Metals
&
Mining
)
.....................
301
30,260
Aspen
Pharmacare
Holdings
Ltd.
(
Pharmaceuticals
)
.............
351
61,875
Bid
Corp.
Ltd.
(
Consumer
Staples
Distribution
&
Retail
)
...........
1,509
6,145
Capitec
Bank
Holdings
Ltd.
(
Banks
)
....
680
229,901
Discovery
Ltd.
(
Insurance
)
(a)
.........
1,465
583,993
FirstRand
Ltd.
(
Financial
Services
)
^
....
1,904
57,103
Gold
Fields
Ltd.
(
Metals
&
Mining
)
(a)
...
917
48,655
Impala
Platinum
Holdings
Ltd.
(
Metals
&
Mining
)
.....................
201
221,637
MTN
Group
Ltd.
(
Wireless
Telecommunication
Services
)
.....
1,097
16,704
Naspers
Ltd.
,
Class
-
N
(
Broadline
Retail
)
2,961
20,893
Nedbank
Group
Ltd.
(
Banks
)
(a)
.......
252
144,156
Old
Mutual
Ltd.
(
Insurance
)
..........
89
15,002
Remgro
Ltd.
(
Financial
Services
)
......
97
34,236
Sanlam
Ltd.
(
Insurance
)
(a)
...........
125
54,300
Sasol
Ltd.
(
Chemicals
)
..............
420
118
HC
CAPITAL
TRUST
The
Emerging
Markets
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
South
Africa
(continued)
9,822
Shoprite
Holdings
Ltd.
(
Consumer
Staples
Distribution
&
Retail
)
...........
$
128
455,387
Sibanye
Stillwater
Ltd.
(
Metals
&
Mining
)
522
198,044
Standard
Bank
Group
Ltd.
(
Banks
)
.....
1,938
31,869
The
Bidvest
Group
Ltd.
(
Industrial
Conglomerates
)
^
..............
408
22,743
Woolworths
Holdings
Ltd.
(
Broadline
Retail
)
(a)
....................
71
15,774
South
Korea
—
10
.55
%
2,121
Amorepacific
Corp.
(
Personal
Care
Products
)
....................
191
12,808
Celltrion,
Inc.
(
Biotechnology
)
(a)
......
1,749
2,884
CJ
CheilJedang
Corp.
(
Food
Products
)
...
626
22,426
Coway
Co.
Ltd.
(
Household
Durables
)
...
938
10,846
DB
Insurance
Co.
Ltd.
(
Insurance
)
(a)
....
776
56,450
Doosan
Enerbility
Co.
Ltd.
(
Electrical
Equipment
)
(a)
(b)
..............
735
3,858
Ecopro
BM
Co.
Ltd.
(
Electrical
Equipment
)
795
1,553
Ecopro
Co.
Ltd.
(
Chemicals
)
..........
759
1,990
GS
Holdings
Corp.
(
Industrial
Conglomerates
)
...............
72
14,221
Hana
Financial
Group,
Inc.
(
Banks
)
.....
622
2,925
Hankook
Tire
&
Technology
Co.
Ltd.
(
Automobile
Components
)
.......
118
25,998
Hanon
Systems
(
Automobile
Components
)
115
1,907
Hanwha
Aerospace
Co.
Ltd.
(
Aerospace
&
Defense
)
....................
294
6,585
Hanwha
Solutions
Corp.
(
Chemicals
)
....
135
9,376
HD
Korea
Shipbuilding
&
Offshore
Engineering
Co.
Ltd.
(
Machinery
)
(b)
837
9,227
HLB,
Inc.
(
Health
Care
Equipment
&
Supplies
)
(b)
..................
752
16,423
HMM
Co.
Ltd.
(
Marine
Transportation
)
..
192
20,595
Hyundai
Engineering
&
Construction
Co.
Ltd.
(
Construction
&
Engineering
)
..
509
8,869
Hyundai
Mobis
Co.
Ltd.
(
Automobile
Components
)
.................
1,723
5,485
Hyundai
Motor
Co.
(
Automobiles
)
.....
966
6,687
Hyundai
Motor
Co.
,
Preference
Shares
(
Automobiles
)
................
785
11,127
Hyundai
Motor
Co.
,
Series
2
,
Preference
Shares
(
Automobiles
)
...........
1,296
11,325
Industrial
Bank
of
Korea
(
Banks
)
(b)
....
117
18,004
Kakao
Corp.
(
Interactive
Media
&
Services
)
(b)
..................
728
16,639
KakaoBank
Corp.
(
Banks
)
...........
347
61,371
Kangwon
Land,
Inc.
(
Hotels,
Restaurants
&
Leisure
)
....................
749
27,540
KB
Financial
Group,
Inc.
(
Banks
)
......
1,438
25,407
Kia
Corp.
(
Automobiles
)
............
2,114
77,662
Korea
Electric
Power
Corp.
(
Electric
Utilities
)
(b)
..................
1,275
2,360
Krafton,
Inc.
(
Entertainment
)
(b)
.......
438
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
South
Korea
(continued)
17,714
KT&G
Corp.
(
Tobacco
)
(a)
...........
$
1,233
7,095
Kumho
Petrochemical
Co.
Ltd.
(
Chemicals
)
741
929
L&F
Co.
Ltd.
(
Electrical
Equipment
)
....
122
3,143
LG
Chem
Ltd.
(
Chemicals
)
...........
1,027
1,665
LG
Chem
Ltd.
,
Preference
Shares
(
Chemicals
)
..................
371
2,303
LG
Corp.
(
Industrial
Conglomerates
)
(a)
..
150
34,897
LG
Display
Co.
Ltd.
(
Electronic
Equipment,
Instruments
&
Components
)
(b)
....
274
4,131
LG
Electronics,
Inc.
(
Household
Durables
)
297
2,766
LG
Energy
Solution
Ltd.
(
Electrical
Equipment
)
(b)
................
825
1,179
LG
H&H
Co.
Ltd.
(
Personal
Care
Products
)
339
2,237
LG
Innotek
Co.
Ltd.
(
Electronic
Equipment,
Instruments
&
Components
)
......
328
65,000
Mirae
Asset
Securities
Co.
Ltd.
(
Capital
Markets
)
....................
393
11,210
NAVER
Corp.
(
Interactive
Media
&
Services
)
....................
1,558
3,222
POSCO
Future
M
Co.
Ltd.
(
Electrical
Equipment
)
..................
724
6,030
POSCO
Holdings,
Inc.
(
Metals
&
Mining
)
1,886
3,251
POSCO
International
Corp.
(
Trading
Companies
&
Distributors
)
.......
128
2,116
Samsung
Biologics
Co.
Ltd.
(
Life
Sciences
Tools
&
Services
)
(b)
...........
1,309
2,052
Samsung
C&T
Corp.
(
Industrial
Conglomerates
)
...............
244
5,357
Samsung
Electro-Mechanics
Co.
Ltd.
(
Electronic
Equipment,
Instruments
&
Components
)
.................
597
368,770
Samsung
Electronics
Co.
Ltd.
(
Technology
Hardware,
Storage
&
Peripherals
)
..
22,136
57,211
Samsung
Electronics
Co.
Ltd.
,
Preference
Shares
(
Technology
Hardware,
Storage
&
Peripherals
)
................
2,856
41,188
Samsung
Engineering
Co.
Ltd.
(
Construction
&
Engineering
)
(a)
(b)
.
771
7,638
Samsung
Fire
&
Marine
Insurance
Co.
Ltd.
(
Insurance
)
..................
1,753
4,007
Samsung
SDI
Co.
Ltd.
(
Electronic
Equipment,
Instruments
&
Components
)
.................
1,421
44,912
Shinhan
Financial
Group
Co.
Ltd.
(
Banks
)
1,575
45,837
SK
Hynix,
Inc.
(
Semiconductors
&
Semiconductor
Equipment
)
.......
6,068
433
SK
IE
Technology
Co.
Ltd.
(
Chemicals
)
(b)
24
6,875
SK
Innovation
Co.
Ltd.
(
Oil,
Gas
&
Consumable
Fuels
)
(b)
..........
605
18,697
SK
Square
Co.
Ltd.
(
Industrial
Conglomerates
)
(b)
.............
1,092
10,357
Woori
Financial
Group,
Inc.
(
Banks
)
....
112
73,150
Taiwan
—
14
.44
%
9,000
Accton
Technology
Corp.
(
Communications
Equipment
)
..................
129
119
HC
CAPITAL
TRUST
The
Emerging
Markets
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Taiwan
(continued)
46,904
Airtac
International
Group
(
Machinery
)
..
$
1,627
5,000
Alchip
Technologies
Ltd.
(
Semiconductors
&
Semiconductor
Equipment
)
.....
495
378,672
ASE
Technology
Holding
Co.
Ltd.
(
Semiconductors
&
Semiconductor
Equipment
)
..................
1,834
532,971
Asia
Cement
Corp.
(
Construction
Materials
)
682
79,000
Asustek
Computer,
Inc.
(
Technology
Hardware,
Storage
&
Peripherals
)
..
1,046
110,000
Catcher
Technology
Co.
Ltd.
(
Technology
Hardware,
Storage
&
Peripherals
)
..
748
1,021,000
Cheng
Shin
Rubber
Industry
Co.
Ltd.
(
Automobile
Components
)
.......
1,586
4,428,000
China
Development
Financial
Holding
Corp.
(
Insurance
)
(b)
............
1,917
280,000
Chunghwa
Telecom
Co.
Ltd.
(
Diversified
Telecommunication
Services
)
.....
1,098
690,000
Compal
Electronics,
Inc.
(
Technology
Hardware,
Storage
&
Peripherals
)
..
826
155,000
CTBC
Financial
Holding
Co.
Ltd.
(
Banks
)
(a)
...................
157
174,000
Delta
Electronics,
Inc.
(
Electronic
Equipment,
Instruments
&
Components
)
.................
1,862
25,000
E
Ink
Holdings,
Inc.
(
Electronic
Equipment,
Instruments
&
Components
)
......
177
63,000
Eclat
Textile
Co.
Ltd.
(
Textiles,
Apparel
&
Luxury
Goods
)
...............
1,077
10,000
eMemory
Technology,
Inc.
(
Semiconductors
&
Semiconductor
Equipment
)
.....
750
94,000
Evergreen
Marine
Corp.
Taiwan
Ltd.
(
Marine
Transportation
)
.........
517
649,000
Far
EasTone
Telecommunications
Co.
Ltd.
(
Wireless
Telecommunication
Services
)
....................
1,641
785,759
Fubon
Financial
Holding
Co.
Ltd.
(
Insurance
)
..................
1,702
29,000
Gigabyte
Technology
Co.
Ltd.
(
Technology
Hardware,
Storage
&
Peripherals
)
..
284
6,000
Global
Unichip
Corp.
(
Semiconductors
&
Semiconductor
Equipment
)
.......
229
37,000
Globalwafers
Co.
Ltd.
(
Semiconductors
&
Semiconductor
Equipment
)
.......
642
946,000
Hon
Hai
Precision
Industry
Co.
Ltd.
(
Electronic
Equipment,
Instruments
&
Components
)
.................
4,596
937,127
Innolux
Corp.
(
Electronic
Equipment,
Instruments
&
Components
)
......
445
316,000
Inventec
Corp.
(
Technology
Hardware,
Storage
&
Peripherals
)
..........
578
10,000
Largan
Precision
Co.
Ltd.
(
Electronic
Equipment,
Instruments
&
Components
)
.................
759
284,554
Lite-On
Technology
Corp.
(
Technology
Hardware,
Storage
&
Peripherals
)
..
943
104,962
MediaTek,
Inc.
(
Semiconductors
&
Semiconductor
Equipment
)
.......
3,804
2,305,918
Mega
Financial
Holding
Co.
Ltd.
(
Banks
)
2,900
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Taiwan
(continued)
28,000
Nan
Ya
Printed
Circuit
Board
Corp.
(
Electronic
Equipment,
Instruments
&
Components
)
.................
$
173
185,000
Nanya
Technology
Corp.
(
Semiconductors
&
Semiconductor
Equipment
)
(a)
...
391
58,000
Novatek
Microelectronics
Corp.
(
Semiconductors
&
Semiconductor
Equipment
)
..................
1,068
569,000
Pegatron
Corp.
(
Technology
Hardware,
Storage
&
Peripherals
)
..........
1,773
436,620
Pou
Chen
Corp.
(
Textiles,
Apparel
&
Luxury
Goods
)
...............
495
246,000
Quanta
Computer,
Inc.
(
Technology
Hardware,
Storage
&
Peripherals
)
..
2,153
776,908
Ruentex
Development
Co.
Ltd.
(
Real
Estate
Management
&
Development
)
.....
851
657,900
Synnex
Technology
International
Corp.
(
Electronic
Equipment,
Instruments
&
Components
)
.................
1,612
675,110
Taiwan
Cement
Corp.
(
Construction
Materials
)
...................
669
276,000
Taiwan
Mobile
Co.
Ltd.
(
Wireless
Telecommunication
Services
)
.....
880
1,934,000
Taiwan
Semiconductor
Manufacturing
Co.
Ltd.
(
Semiconductors
&
Semiconductor
Equipment
)
.......
46,478
470,369
The
Shanghai
Commercial
&
Savings
Bank
Ltd.
(
Banks
)
.................
709
116,000
Unimicron
Technology
Corp.
(
Electronic
Equipment,
Instruments
&
Components
)
.................
689
500,000
United
Microelectronics
Corp.
(
Semiconductors
&
Semiconductor
Equipment
)
..................
813
567,949
Winbond
Electronics
Corp.
(
Semiconductors
&
Semiconductor
Equipment
)
.....
479
158,000
Wistron
Corp.
(
Technology
Hardware,
Storage
&
Peripherals
)
..........
595
5,000
Wiwynn
Corp.
(
Technology
Hardware,
Storage
&
Peripherals
)
(a)
........
342
389,400
WPG
Holdings
Ltd.
(
Electronic
Equipment,
Instruments
&
Components
)
......
1,168
43,775
Yageo
Corp.
(
Electronic
Equipment,
Instruments
&
Components
)
......
813
241,000
Yang
Ming
Marine
Transport
Corp.
(
Marine
Transportation
)
...............
332
2,753,986
Yuanta
Financial
Holding
Co.
Ltd.
(
Financial
Services
)
............
2,591
100,125
Thailand
—
1
.46
%
264,700
Advanced
Info
Service
PCL
,
Class
-
F
(
Wireless
Telecommunication
Services
)
....................
1,480
379,300
Airports
of
Thailand
PCL
(
Transportation
Infrastructure
)
................
678
728,100
BTS
Group
Holdings
PCL
(
Ground
Transportation
)
...............
112
120
HC
CAPITAL
TRUST
The
Emerging
Markets
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Thailand
(continued)
171,633
Central
Retail
Corp.
PCL
(
Broadline
Retail
)
$
169
455,000
Delta
Electronics
Thailand
PCL
-
NVDR
(
Electronic
Equipment,
Instruments
&
Components
)
.................
901
688,700
Energy
Absolute
PCL
(
Independent
Power
and
Renewable
Electricity
Producers
)
647
1,418,800
Gulf
Energy
Development
PCL
(
Independent
Power
and
Renewable
Electricity
Producers
)
...........
1,701
89,800
Indorama
Ventures
PCL
-
NVDR
(
Chemicals
)
..................
59
1,724,700
Krung
Thai
Bank
PCL
,
Class
-
F
(
Banks
)
.
794
682,900
Minor
International
PCL
(
Hotels,
Restaurants
&
Leisure
)
..........
618
93,800
Muangthai
Capital
PCL
(
Consumer
Finance
)
120
272,575
PTT
Exploration
&
Production
PCL
,
Class
-
F
(
Oil,
Gas
&
Consumable
Fuels
)
..
1,113
429,142
PTT
Global
Chemical
PCL
,
Class
-
F
(
Chemicals
)
..................
447
361,600
SCB
X
PCL
-
NVDR
(
Banks
)
.........
1,130
98,100
Thai
Oil
PCL
(
Oil,
Gas
&
Consumable
Fuels
)
......................
158
10,127
Turkey
—
0
.52
%
159,726
Akbank
TAS
(
Banks
)
...............
231
644,739
Aselsan
Elektronik
Sanayi
Ve
Ticaret
A/S
(
Aerospace
&
Defense
)
.........
1,107
39,242
BIM
Birlesik
Magazalar
A/S
(
Consumer
Staples
Distribution
&
Retail
)
.....
427
266,822
Eregli
Demir
ve
Celik
Fabrikalari
TAS
(
Metals
&
Mining
)
(b)
...........
348
1
Kardemir
Karabuk
Demir
Celik
Sanayi
ve
Ticaret
A/S
(
Metals
&
Mining
)
....
—
131,853
Sasa
Polyester
Sanayi
A/S
(
Chemicals
)
(b)
175
22,507
Turk
Hava
Yollari
AO
(
Passenger
Airlines
)
(b)
..................
207
386,616
Turkcell
Iletisim
Hizmetleri
A/S
(
Wireless
Telecommunication
Services
)
.....
819
53,957
Turkiye
Petrol
Rafinerileri
A/S
(
Oil,
Gas
&
Consumable
Fuels
)
.............
295
3,609
United
Arab
Emirates
—
0
.74
%
443,740
Abu
Dhabi
Commercial
Bank
PJSC
(
Banks
)
1,015
775,182
Dubai
Islamic
Bank
PJSC
(
Banks
)
......
1,233
186,697
Emirates
Telecommunications
Group
Co.
PJSC
(
Diversified
Telecommunication
Services
)
....................
931
517,479
First
Abu
Dhabi
Bank
PJSC
(
Banks
)
....
1,889
154,208
Multiply
Group
PJSC
(
Industrial
Conglomerates
)
(b)
.............
94
5,162
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
Kingdom
—
0
.13
%
40,072
Anglogold
Ashanti
PLC
(
Metals
&
Mining
)
$
895
United
States
—
0
.20
%
52,000
BeiGene
Ltd.
(
Biotechnology
)
(b)
......
632
4,494
Legend
Biotech
Corp.
,
ADR
(
Biotechnology
)
(b)
.............
252
5,000
Parade
Technologies
Ltd.
(
Semiconductors
&
Semiconductor
Equipment
)
.....
144
3,561
Southern
Copper
Corp.
(
Metals
&
Mining
)
379
1,407
Total
Common
Stocks
..............
587,300
Investment
Companies
—
13
.46
%
International
Equity
Funds
—
10
.31
%
646,200
iShares
Core
MSCI
Emerging
Markets
ETF
33,344
912,960
Vanguard
FTSE
Emerging
Markets
ETF
.
38,134
71,478
Money
Market
Funds
—
3
.15
%
2,397,503
Federated
Hermes
Treasury
Obligations
Fund,
Institutional
Shares
,
5
.17
%
^^
(d)
2,398
19,453,326
State
Street
Institutional
Treasury
Plus
Money
Market
Fund,
Trust
Class
,
5
.20
%
(d)
....................
19,453
21,851
Total
Investment
Companies
.........
93,329
Purchased
Options
on
Futures
—
0.01%
Total
Purchased
Options
on
Futures
...
37
Total
Investments
(cost
$
597,641
)
—
98
.17
%
.....................
680,666
Other
assets
in
excess
of
liabilities
—
1
.83
%
......................
12,702
Net
Assets
-
100.00%
$
693,368
Amounts
designated
as
"—"
are
$0
or
have
been
rounded
to
$0.
^
All
or
part
of
this
security
was
on
loan
as
of
March
31,
2024.
^^
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
March
31,
2024.
(a)
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.
(b)
Represents
non-income
producing
security.
121
HC
CAPITAL
TRUST
The
Emerging
Markets
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
The
following
table
reflects
the
percentage
of
total
net
assets
of
the
Portfolio
attributable
to
each
Specialist
Manager
as
of
March
31,
2024
.
Amounts
designated
as
"—"
indicate
the
Specialist
Manager
did
not
manage
any
holdings
in
that
category. 
(c)
Security
was
valued
using
significant
unobservable
inputs
as
of
March
31,
2024.
(d)
Annualized
7-day
yield
as
of
period-end.
ADR—American
Depositary
Receipt
ETF—Exchange-Traded
Fund
GDR—Global
Depositary
Receipt
NVDR—Non-Voting
Depository
Receipt
REIT—Real
Estate
Investment
Trust
The
Emerging
Markets
Portfolio
Mellon
Investments
Corporation
Monashee
Investment
Management,
LLC
Parametric
Portfolio
Associates,
LLC
Total
Common
Stocks
...............................................................................................................................
84.70
%
—
—
84.70
%
Investment
Companies
.....................................................................................................................
0.65
%
10.35
%
2.46
%
13.46
%
Purchased
Options
on
Futures
.........................................................................................................
—
0.01
%
—
0.01
%
Other
Assets
(Liabilities)
.................................................................................................................
-0.49
%
2.40
%
-0.08
%
1.83
%
Total
Net
Assets
..........................................................................................................................
84.86
%
12.76
%
2.38
%
100.00
%
The
following
table
reflects
the
open
derivative
positions
held
by
the
Portfolio
as
of
March
31,
2024
.
Futures
Contracts
Purchased
*
Description
Number
of
Contracts
Expiration
Date
Notional
Amount
(000)
Value
and
Unrealized
Appreciation/
(Depreciation)
(000)
MSCI
Emerging
Markets
Index
Future
..............
732
6/21/24
$
38,393
$
(
22
)
$
38,393
$
(
22
)
The
following
table
reflects
the
open
derivative
positions
held
by
the
Portfolio
as
of
March
31,
2024
.
Futures
Contracts
Sold
*
Description
Number
of
Contracts
Expiration
Date
Notional
Amount
(000)
Value
and
Unrealized
Appreciation/
(Depreciation)
(000)
E-Mini
S&P
500
Future
.........................
28
6/21/24
$
7,431
$
(
116
)
$
7,431
$
(
116
)
Total
Unrealized
Appreciation
.....................
$
—
Total
Unrealized
Depreciation
.....................
(
138
)
Total
Net
Unrealized
Appreciation/(Depreciation)
.......
$
(
138
)
*
Cash
has
been
pledged
as
collateral
for
futures
contracts
held
by
the
Portfolio.
122
HC
CAPITAL
TRUST
The
Emerging
Markets
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Options
on
Futures
Contracts
Exchange-traded
options
on
futures
contacts
written
as
of
March
31,
2024
were
as
follows:
Description
Put/Call
Number
of
Contracts
Notional
Amount
(000)
Exercise
Price
Expiration
Date
Value
(000)
E-Mini
S&P
500
Future
Option
.............
Put
16
$
3,480
$
4,350.00
4/19/24
$
(
1
)
E-Mini
S&P
500
Future
Option
.............
Put
16
3,620
4,525.00
4/19/24
(
1
)
E-Mini
S&P
500
Future
Option
.............
Put
15
3,375
4,500.00
4/19/24
(
1
)
E-Mini
S&P
500
Future
Option
.............
Put
13
2,893
4,450.00
4/19/24
(
1
)
E-Mini
S&P
500
Future
Option
.............
Put
19
4,204
4,425.00
4/19/24
(
1
)
E-Mini
S&P
500
Future
Option
.............
Put
16
3,520
4,400.00
4/19/24
(
1
)
E-Mini
S&P
500
Future
Option
.............
Put
13
2,811
4,325.00
4/19/24
(
1
)
E-Mini
S&P
500
Future
Option
.............
Put
4
1,040
5,200.00
4/19/24
(
4
)
E-Mini
S&P
500
Future
Option
.............
Put
3
765
5,100.00
4/26/24
(
5
)
E-Mini
S&P
500
Future
Option
.............
Put
11
2,516
4,575.00
4/30/24
(
1
)
E-Mini
S&P
500
Future
Option
.............
Put
22
5,060
4,600.00
4/30/24
(
3
)
E-Mini
S&P
500
Future
Option
.............
Put
4
1,040
5,200.00
4/30/24
(
6
)
E-Mini
S&P
500
Future
Option
.............
Put
16
3,856
4,820.00
4/30/24
(
4
)
E-Mini
S&P
500
Future
Option
.............
Put
15
3,563
4,750.00
4/30/24
(
3
)
E-Mini
S&P
500
Future
Option
.............
Put
15
3,544
4,725.00
4/30/24
(
3
)
E-Mini
S&P
500
Future
Option
.............
Put
15
3,720
4,960.00
4/30/24
(
6
)
E-Mini
S&P
500
Future
Option
.............
Put
9
2,036
4,525.00
4/30/24
(
1
)
E-Mini
S&P
500
Future
Option
.............
Put
2
465
4,650.00
4/30/24
—
E-Mini
S&P
500
Future
Option
.............
Put
18
4,163
4,625.00
4/30/24
(
3
)
E-Mini
S&P
500
Future
Option
.............
Put
8
1,820
4,550.00
4/30/24
(
1
)
E-Mini
S&P
500
Future
Option
.............
Put
3
747
4,980.00
5/10/24
(
5
)
E-Mini
S&P
500
Future
Option
.............
Put
8
1,940
4,850.00
5/17/24
(
5
)
E-Mini
S&P
500
Future
Option
.............
Put
20
4,825
4,825.00
5/17/24
(
11
)
E-Mini
S&P
500
Future
Option
.............
Put
8
1,850
4,625.00
5/17/24
(
2
)
E-Mini
S&P
500
Future
Option
.............
Put
2
478
4,775.00
5/17/24
(
2
)
E-Mini
S&P
500
Future
Option
.............
Put
1
241
4,815.00
5/17/24
(
1
)
E-Mini
S&P
500
Future
Option
.............
Put
8
1,980
4,950.00
5/17/24
(
14
)
E-Mini
S&P
500
Future
Option
.............
Put
8
1,980
4,950.00
5/17/24
(
7
)
E-Mini
S&P
500
Future
Option
.............
Put
31
7,246
4,675.00
5/17/24
(
11
)
E-Mini
S&P
500
Future
Option
.............
Put
13
3,023
4,650.00
5/17/24
(
4
)
E-Mini
S&P
500
Future
Option
.............
Put
8
1,800
4,500.00
5/17/24
(
2
)
E-Mini
S&P
500
Future
Option
.............
Put
4
985
4,925.00
5/17/24
(
6
)
E-Mini
S&P
500
Future
Option
.............
Put
9
2,003
4,450.00
5/17/24
(
2
)
E-Mini
S&P
500
Future
Option
.............
Put
11
2,434
4,425.00
5/17/24
(
2
)
E-Mini
S&P
500
Future
Option
.............
Put
8
1,740
4,350.00
5/17/24
(
1
)
E-Mini
S&P
500
Future
Option
.............
Put
17
4,080
4,800.00
5/17/24
(
8
)
E-Mini
S&P
500
Future
Option
.............
Put
11
2,626
4,775.00
5/17/24
(
5
)
E-Mini
S&P
500
Future
Option
.............
Put
29
6,888
4,750.00
5/17/24
(
12
)
E-Mini
S&P
500
Future
Option
.............
Put
28
6,615
4,725.00
5/17/24
(
11
)
E-Mini
S&P
500
Future
Option
.............
Put
26
6,110
4,700.00
5/17/24
(
9
)
E-Mini
S&P
500
Future
Option
.............
Put
6
1,455
4,850.00
5/31/24
(
5
)
E-Mini
S&P
500
Future
Option
.............
Put
8
1,830
4,575.00
5/31/24
(
3
)
E-Mini
S&P
500
Future
Option
.............
Put
2
485
4,850.00
5/31/24
(
3
)
E-Mini
S&P
500
Future
Option
.............
Put
32
7,440
4,650.00
5/31/24
(
15
)
E-Mini
S&P
500
Future
Option
.............
Put
25
5,875
4,700.00
5/31/24
(
14
)
E-Mini
S&P
500
Future
Option
.............
Put
27
6,379
4,725.00
5/31/24
(
16
)
E-Mini
S&P
500
Future
Option
.............
Put
4
985
4,925.00
5/31/24
(
4
)
123
HC
CAPITAL
TRUST
The
Emerging
Markets
Portfolio
Portfolio
of
Investments
(concluded)
—
March
31,
2024
(Unaudited)
Options
on
Futures
Contracts
(continued)
Description
Put/Call
Number
of
Contracts
Notional
Amount
(000)
Exercise
Price
Expiration
Date
Value
(000)
E-Mini
S&P
500
Future
Option
.............
Put
6
$
1,433
$
4,775.00
5/31/24
$
(
8
)
E-Mini
S&P
500
Future
Option
.............
Put
3
713
4,750.00
5/31/24
(
4
)
E-Mini
S&P
500
Future
Option
.............
Put
4
970
4,850.00
5/31/24
(
7
)
E-Mini
S&P
500
Future
Option
.............
Put
4
985
4,925.00
5/31/24
(
8
)
E-Mini
S&P
500
Future
Option
.............
Put
3
735
4,900.00
5/31/24
(
6
)
E-Mini
S&P
500
Future
Option
.............
Put
5
1,218
4,870.00
5/31/24
(
9
)
E-Mini
S&P
500
Future
Option
.............
Put
8
1,840
4,600.00
5/31/24
(
3
)
E-Mini
S&P
500
Future
Option
.............
Put
1
240
4,800.00
5/31/24
(
2
)
E-Mini
S&P
500
Future
Option
.............
Put
4
968
4,840.00
5/31/24
(
7
)
E-Mini
S&P
500
Future
Option
.............
Put
4
964
4,820.00
5/31/24
(
6
)
E-Mini
S&P
500
Future
Option
.............
Put
4
972
4,860.00
5/31/24
(
7
)
E-Mini
S&P
500
Future
Option
.............
Put
6
1,470
4,900.00
5/31/24
(
6
)
E-Mini
S&P
500
Future
Option
.............
Put
5
1,188
4,750.00
6/21/24
(
5
)
E-Mini
S&P
500
Future
Option
.............
Put
6
1,428
4,760.00
6/21/24
(
12
)
E-Mini
S&P
500
Future
Option
.............
Put
3
705
4,700.00
6/21/24
(
5
)
E-Mini
S&P
500
Future
Option
.............
Put
10
2,413
4,825.00
6/21/24
(
12
)
E-Mini
S&P
500
Future
Option
.............
Put
7
1,680
4,800.00
6/21/24
(
15
)
$
(
349
)
Exchanged-traded
options
on
futures
contacts
purchased
as
of
March
31,
2024
were
as
follows:
Description
Put/Call
Number
of
Contracts
Notional
Amount
(000)
Exercise
Price
Expiration
Date
Value
(000)
E-Mini
S&P
500
Future
Option
.............
Put
6
$
1,395
$
4,650.00
4/19/24
$
1
E-Mini
S&P
500
Future
Option
.............
Put
8
2,020
5,050.00
4/19/24
6
E-Mini
S&P
500
Future
Option
.............
Put
8
1,940
4,850.00
4/19/24
3
E-Mini
S&P
500
Future
Option
.............
Put
8
2,040
5,100.00
4/19/24
4
E-Mini
S&P
500
Future
Option
.............
Put
15
3,544
4,725.00
4/19/24
2
E-Mini
S&P
500
Future
Option
.............
Put
14
3,290
4,700.00
4/19/24
2
E-Mini
S&P
500
Future
Option
.............
Put
7
1,680
4,800.00
4/30/24
3
E-Mini
S&P
500
Future
Option
.............
Put
4
962
4,810.00
4/30/24
2
E-Mini
S&P
500
Future
Option
.............
Put
4
964
4,820.00
4/30/24
2
E-Mini
S&P
500
Future
Option
.............
Put
5
1,225
4,900.00
4/30/24
3
E-Mini
S&P
500
Future
Option
.............
Put
4
958
4,790.00
4/30/24
2
E-Mini
S&P
500
Future
Option
.............
Put
8
2,040
5,100.00
4/30/24
7
$
37
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
—
March
31,
2024
(Unaudited)
124
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
Asset
Backed
Securities
—
0.22%
$
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
12/10/27
@
100.00
...................................................
4.68
2/10/28
10
10
CNH
Equipment
Trust,
Series
2022-C,
Class
-
A3,
Callable
5/15/27
@
100.00
...
5.15
4/17/28
10
10
Discover
Card
Execution
Note
Trust,
Series
2023-A1,
Class
-
A
..............
4.31
3/15/28
10
10
GM
Financial
Consumer
Automobile
Receivables
Trust,
Series
2023-1,
Class
-
A3,
Callable
1/16/27
@
100.00
....................................
4.66
2/16/28
10
10
Honda
Auto
Receivables
Owner
Trust,
Series
2023-3,
Class
-
A4,
Callable
12/18/26
@
100.00
................................................
5.30
12/18/29
10
10
Hyundai
Auto
Receivables
Trust,
Series
2022-C,
Class
-
A4,
Callable
2/15/27
@
100.00
...................................................
5.52
10/16/28
10
25
Santander
Drive
Auto
Receivables
Trust,
Series
2023-4,
Class
-
A3,
Callable
2/15/27
@
100.00
................................................
5.73
4/17/28
25
40
Synchrony
Card
Funding
LLC,
Series
2022-A1,
Class
-
A,
Callable
4/15/25
@
100.00
...................................................
3.37
4/15/28
39
10
Toyota
Auto
Receivables
Owner
Trust,
Series
2023-A,
Class
-
A3,
Callable
4/15/27
@
100.00
................................................
4.63
9/15/27
10
15
Toyota
Auto
Receivables
Owner
Trust,
Series
2024-A,
Class
-
A4,
Callable
11/15/27
@
100.00
................................................
4.77
4/16/29
15
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
12/15/26
@
100.00
................................................
4.66
5/15/28
5
Total
Asset
Backed
Securities
.....................................
176
Collateralized
Mortgage
Obligations
—
0.72%
20
Bank,
Series
2019-BN21,
Class
-
A5,
Callable
10/15/29
@
100.00
............
2.85
10/17/52
18
19
Bank,
Series
2017-BNK9,
Class
-
ASB,
Callable
12/15/29
@
100.00
..........
3.47
11/15/54
18
25
Bank,
Series
2022-BNK41,
Class
-
A4
................................
3.79(a)
4/15/65
23
20
BBCMS
Mortgage
Trust,
Series
2020-C7,
Class
-
AS,
Callable
4/15/30
@
100.00
.
2.44
4/15/53
16
10
BBCMS
Mortgage
Trust,
Series
2023-C21,
Class
-
A5,
Callable
9/15/33
@
100.00
6.00(a)
9/15/56
11
15
Benchmark
Mortgage
Trust,
Series
2021-B25,
Class
-
ASB,
Callable
4/15/31
@
100.00
...................................................
2.27
4/15/54
13
10
Benchmark
Mortgage
Trust,
Series
2020-IG1,
Class
-
AS,
Callable
1/15/30
@
100.00
2.91(a)
9/15/43
8
10
Benchmark
Mortgage
Trust,
Series
2019-B9,
Class
-
A5,
Callable
2/15/29
@
100.00
4.02
3/15/52
9
15
Citigroup
Commercial
Mortgage
Trust,
Series
2020-GC46,
Class
-
AS,
Callable
2/15/30
@
100.00
..........................................
2.92
2/15/53
13
10
Citigroup
Commercial
Mortgage
Trust,
Series
2019-C7,
Class
-
A4,
Callable
12/15/29
@
100.00
..........................................
3.10
12/15/72
9
10
COMM
Mortgage
Trust,
Series
2019-GC44,
Class
-
ASB,
Callable
11/15/29
@
100.00
...................................................
2.87
8/15/57
9
10
Fannie
Mae-ACES,
Series
2020-M52,
Class
-
A2
........................
1.32(a)
10/25/30
8
19
Fannie
Mae-ACES,
Series
2020-M14,
Class
-
A2
........................
1.78
5/25/30
16
17
Fannie
Mae-ACES,
Series
2018-M1,
Class
-
A2
.........................
2.99(a)
12/25/27
16
16
Fannie
Mae-ACES,
Series
2017-M12,
Class
-
A2
........................
3.06(a)
6/25/27
15
19
Fannie
Mae-ACES,
Series
2019-M5,
Class
-
A2
.........................
3.27
2/25/29
18
25
Fannie
Mae-ACES,
Series
2018-M10,
Class
-
A2
........................
3.36(a)
7/25/28
24
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
K-1516,
Class
-
A2
....................................................
1.72
5/25/35
15
25
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates,
Series
K126,
Class
-
A2
.....................................................
2.07
1/25/31
21
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
K-1521,
Class
-
A2
....................................................
2.18
8/25/36
7
125
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
Collateralized
Mortgage
Obligations
(continued)
$
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
48
20
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates,
Series
K-152,
Class
-
A2
.....................................................
3.78
11/25/32
19
25
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates,
Series
K751,
Class
-
A2
.....................................................
4.41
3/25/30
26
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
23
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
24
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
19
25
Wells
Fargo
Commercial
Mortgage
Trust,
Series
2018-C47,
Class
-
A4,
Callable
10/15/28
@
100.00
..........................................
4.44
9/15/61
24
Total
Collateralized
Mortgage
Obligations
...........................
569
U.S.
Government
Agency
Mortgages
—
11.85%
40
Fannie
Mae,
Pool
#FM6579
.......................................
1.50
3/1/51
31
19
Fannie
Mae,
Pool
#CA7696
.......................................
1.50
11/1/50
15
42
Fannie
Mae,
Pool
#MA4343
.......................................
1.50
5/1/51
32
19
Fannie
Mae,
Pool
#CA7695
.......................................
1.50
11/1/50
15
20
Fannie
Mae,
Pool
#MA4236
.......................................
1.50
1/1/51
15
20
Fannie
Mae,
Pool
#MA4342
.......................................
1.50
5/1/41
16
21
Fannie
Mae,
Pool
#MA4445
.......................................
1.50
10/1/41
17
39
Fannie
Mae,
Pool
#MA4441
.......................................
1.50
10/1/36
34
21
Fannie
Mae,
Pool
#MA4280
.......................................
1.50
3/1/51
15
20
Fannie
Mae,
Pool
#FS1327
........................................
1.50
6/1/36
17
15
Fannie
Mae,
Pool
#MA4205
.......................................
1.50
12/1/35
13
15
Fannie
Mae,
Pool
#BQ5781
.......................................
1.50
11/1/35
13
19
Fannie
Mae,
Pool
#MA4122
.......................................
1.50
9/1/35
17
37
Fannie
Mae,
Pool
#MA4237
.......................................
2.00
1/1/51
30
18
Fannie
Mae,
Pool
#MA4182
.......................................
2.00
11/1/50
14
39
Fannie
Mae,
Pool
#CA8850
.......................................
2.00
2/1/51
31
19
Fannie
Mae,
Pool
#CA8687
.......................................
2.00
1/1/51
15
41
Fannie
Mae,
Pool
#FM6448
.......................................
2.00
3/1/51
32
19
Fannie
Mae,
Pool
#CA8893
.......................................
2.00
2/1/51
15
38
Fannie
Mae,
Pool
#BQ8341
.......................................
2.00
12/1/50
30
41
Fannie
Mae,
Pool
#BR4435
.......................................
2.00
4/1/51
32
21
Fannie
Mae,
Pool
#BR0948
.......................................
2.00
4/1/51
16
19
Fannie
Mae,
Pool
#FM5308
.......................................
2.00
12/1/50
15
38
Fannie
Mae,
Pool
#MA4255
.......................................
2.00
2/1/51
30
40
Fannie
Mae,
Pool
#MA4305
.......................................
2.00
4/1/51
32
34
Fannie
Mae,
Pool
#MA4303
.......................................
2.00
4/1/36
30
36
Fannie
Mae,
Pool
#BP9370
........................................
2.00
7/1/50
28
33
Fannie
Mae,
Pool
#CA9183
.......................................
2.00
2/1/36
29
41
Fannie
Mae,
Pool
#MA4325
.......................................
2.00
5/1/51
32
19
Fannie
Mae,
Pool
#CA8118
.......................................
2.00
12/1/50
15
38
Fannie
Mae,
Pool
#BQ3004
.......................................
2.00
10/1/50
30
21
Fannie
Mae,
Pool
#MA4602
.......................................
2.00
5/1/37
18
35
Fannie
Mae,
Pool
#BQ7777
.......................................
2.00
3/1/36
32
21
Fannie
Mae,
Pool
#MA4474
.......................................
2.00
11/1/41
17
18
Fannie
Mae,
Pool
#MA4403
.......................................
2.00
8/1/36
16
126
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
22
Fannie
Mae,
Pool
#BT0240
........................................
2.00
9/1/51
$
17
20
Fannie
Mae,
Pool
#CB0684
.......................................
2.00
6/1/51
16
21
Fannie
Mae,
Pool
#CB0497
.......................................
2.00
5/1/51
16
42
Fannie
Mae,
Pool
#CB0325
.......................................
2.00
4/1/51
33
18
Fannie
Mae,
Pool
#MA4360
.......................................
2.00
6/1/36
16
20
Fannie
Mae,
Pool
#BQ9685
.......................................
2.00
1/1/51
16
22
Fannie
Mae,
Pool
#FM4969
.......................................
2.00
12/1/50
18
20
Fannie
Mae,
Pool
#MA4119
.......................................
2.00
9/1/50
16
20
Fannie
Mae,
Pool
#BR4094
.......................................
2.00
1/1/51
16
22
Fannie
Mae,
Pool
#MA4437
.......................................
2.00
10/1/51
17
22
Fannie
Mae,
Pool
#BU7103
.......................................
2.00
12/1/51
17
18
Fannie
Mae,
Pool
#CA7225
.......................................
2.00
10/1/50
14
13
Fannie
Mae,
Pool
#FM4039
.......................................
2.00
10/1/35
12
22
Fannie
Mae,
Pool
#FS1621
........................................
2.00
7/1/51
17
24
Fannie
Mae,
Pool
#FM3755
.......................................
2.00
9/1/35
22
18
Fannie
Mae,
Pool
#MA4208
.......................................
2.00
12/1/50
15
38
Fannie
Mae,
Pool
#CA8110
.......................................
2.00
12/1/50
31
21
Fannie
Mae,
Pool
#FS0317
........................................
2.00
2/1/42
18
37
Fannie
Mae,
Pool
#FM4788
.......................................
2.00
11/1/50
30
44
Fannie
Mae,
Pool
#MA4511
.......................................
2.00
1/1/52
35
16
Fannie
Mae,
Pool
#MA4176
.......................................
2.00
11/1/40
14
18
Fannie
Mae,
Pool
#CA7224
.......................................
2.00
10/1/50
14
29
Fannie
Mae,
Pool
#MA4128
.......................................
2.00
9/1/40
25
21
Fannie
Mae,
Pool
#FM6559
.......................................
2.00
3/1/51
16
6
Fannie
Mae,
Pool
#AS2673
........................................
2.00
5/1/29
5
39
Fannie
Mae,
Pool
#MA4281
.......................................
2.00
3/1/51
31
43
Fannie
Mae,
Pool
#FM7411
.......................................
2.00
5/1/51
34
19
Fannie
Mae,
Pool
#CA7833
.......................................
2.00
11/1/50
15
21
Fannie
Mae,
Pool
#FM9579
.......................................
2.00
7/1/51
17
13
Fannie
Mae,
Pool
#MA2854
.......................................
2.50
12/1/46
11
9
Fannie
Mae,
Pool
#BD8046
.......................................
2.50
9/1/31
9
12
Fannie
Mae,
Pool
#BK2588
.......................................
2.50
5/1/50
10
15
Fannie
Mae,
Pool
#MA4183
.......................................
2.50
11/1/50
12
6
Fannie
Mae,
Pool
#MA3827
.......................................
2.50
11/1/34
5
17
Fannie
Mae,
Pool
#BQ5110
.......................................
2.50
11/1/50
14
14
Fannie
Mae,
Pool
#BP5878
........................................
2.50
6/1/50
12
6
Fannie
Mae,
Pool
#MA3765
.......................................
2.50
9/1/49
5
6
Fannie
Mae,
Pool
#MA3930
.......................................
2.50
2/1/35
6
14
Fannie
Mae,
Pool
#BQ0329
.......................................
2.50
7/1/50
11
10
Fannie
Mae,
Pool
#AU6677
.......................................
2.50
9/1/28
9
28
Fannie
Mae,
Pool
#FM4638
.......................................
2.50
10/1/50
23
14
Fannie
Mae,
Pool
#MA4159
.......................................
2.50
10/1/50
12
6
Fannie
Mae,
Pool
#MA3965
.......................................
2.50
3/1/40
6
12
Fannie
Mae,
Pool
#MA4096
.......................................
2.50
8/1/50
10
5
Fannie
Mae,
Pool
#MA3154
.......................................
2.50
10/1/32
5
9
Fannie
Mae,
Pool
#AS8893
........................................
2.50
2/1/32
8
12
Fannie
Mae,
Pool
#AP4742
........................................
2.50
8/1/27
11
15
Fannie
Mae,
Pool
#FM4231
.......................................
2.50
9/1/50
13
4
Fannie
Mae,
Pool
#MA2789
.......................................
2.50
10/1/36
4
7
Fannie
Mae,
Pool
#MA3990
.......................................
2.50
4/1/50
6
10
Fannie
Mae,
Pool
#MA4075
.......................................
2.50
7/1/35
9
12
Fannie
Mae,
Pool
#MA4078
.......................................
2.50
7/1/50
10
13
Fannie
Mae,
Pool
#AB7391
.......................................
2.50
12/1/42
11
8
Fannie
Mae,
Pool
#MA3902
.......................................
2.50
1/1/50
6
22
Fannie
Mae,
Pool
#CA6074
.......................................
2.50
6/1/50
19
21
Fannie
Mae,
Pool
#FM9543
.......................................
2.50
12/1/51
17
20
Fannie
Mae,
Pool
#FM2881
.......................................
2.50
4/1/50
17
40
Fannie
Mae,
Pool
#BR7857
.......................................
2.50
5/1/51
33
21
Fannie
Mae,
Pool
#FM8997
.......................................
2.50
10/1/51
17
127
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
20
Fannie
Mae,
Pool
#MA4423
.......................................
2.50
9/1/41
$
17
23
Fannie
Mae,
Pool
#FS0235
........................................
2.50
1/1/52
19
17
Fannie
Mae,
Pool
#CA8131
.......................................
2.50
12/1/50
14
6
Fannie
Mae,
Pool
#MA1277
.......................................
2.50
12/1/27
6
22
Fannie
Mae,
Pool
#FS0547
........................................
2.50
2/1/52
18
22
Fannie
Mae,
Pool
#FS1340
........................................
2.50
3/1/52
18
12
Fannie
Mae,
Pool
#BC9041
.......................................
2.50
11/1/31
11
20
Fannie
Mae,
Pool
#BO4657
.......................................
2.50
11/1/49
16
16
Fannie
Mae,
Pool
#MA4256
.......................................
2.50
2/1/51
13
21
Fannie
Mae,
Pool
#CB2868
.......................................
2.50
2/1/52
18
20
Fannie
Mae,
Pool
#MA4399
.......................................
2.50
8/1/51
16
22
Fannie
Mae,
Pool
#BU1451
.......................................
2.50
1/1/52
18
20
Fannie
Mae,
Pool
#MA4414
.......................................
2.50
9/1/51
17
21
Fannie
Mae,
Pool
#FM8745
.......................................
2.50
9/1/51
18
20
Fannie
Mae,
Pool
#CB1131
........................................
2.50
7/1/51
17
20
Fannie
Mae,
Pool
#FM9033
.......................................
2.50
10/1/51
16
22
Fannie
Mae,
Pool
#CB1828
.......................................
2.50
10/1/51
18
20
Fannie
Mae,
Pool
#BU5917
.......................................
2.50
12/1/51
17
4
Fannie
Mae,
Pool
#FM1299
.......................................
3.00
7/1/49
4
7
Fannie
Mae,
Pool
#MA1307
.......................................
3.00
1/1/33
6
22
Fannie
Mae,
Pool
#AS0302
........................................
3.00
8/1/43
20
9
Fannie
Mae,
Pool
#AU3353
.......................................
3.00
8/1/43
8
15
Fannie
Mae,
Pool
#MA2246
.......................................
3.00
4/1/30
14
6
Fannie
Mae,
Pool
#MA2897
.......................................
3.00
2/1/37
5
4
Fannie
Mae,
Pool
#MA2523
.......................................
3.00
2/1/36
4
5
Fannie
Mae,
Pool
#AS8074
........................................
3.00
10/1/46
5
13
Fannie
Mae,
Pool
#MA3991
.......................................
3.00
4/1/50
11
8
Fannie
Mae,
Pool
#FM4317
.......................................
3.00
9/1/50
7
21
Fannie
Mae,
Pool
#CB3172
.......................................
3.00
3/1/52
18
5
Fannie
Mae,
Pool
#MA3127
.......................................
3.00
9/1/37
4
6
Fannie
Mae,
Pool
#MA3905
.......................................
3.00
1/1/50
5
21
Fannie
Mae,
Pool
#CB2759
.......................................
3.00
2/1/52
18
26
Fannie
Mae,
Pool
#AB7099
.......................................
3.00
11/1/42
23
5
Fannie
Mae,
Pool
#MA3871
.......................................
3.00
12/1/49
5
7
Fannie
Mae,
Pool
#CA5519
.......................................
3.00
4/1/50
6
8
Fannie
Mae,
Pool
#MA3897
.......................................
3.00
1/1/35
7
22
Fannie
Mae,
Pool
#BU1241
.......................................
3.00
3/1/52
19
9
Fannie
Mae,
Pool
#FM3395
.......................................
3.00
6/1/50
8
6
Fannie
Mae,
Pool
#MA2863
.......................................
3.00
1/1/47
5
9
Fannie
Mae,
Pool
#MA3802
.......................................
3.00
10/1/49
8
7
Fannie
Mae,
Pool
#MA3738
.......................................
3.00
8/1/34
7
8
Fannie
Mae,
Pool
#BO6219
.......................................
3.00
12/1/49
7
4
Fannie
Mae,
Pool
#MA3774
.......................................
3.00
9/1/49
4
17
Fannie
Mae,
Pool
#AQ7920
.......................................
3.00
12/1/42
16
9
Fannie
Mae,
Pool
#AL9263
.......................................
3.00
10/1/46
8
8
Fannie
Mae,
Pool
#CA5668
.......................................
3.00
5/1/50
7
4
Fannie
Mae,
Pool
#MA3744
.......................................
3.00
8/1/49
3
9
Fannie
Mae,
Pool
#MA4079
.......................................
3.00
7/1/50
8
13
Fannie
Mae,
Pool
#MA3937
.......................................
3.00
2/1/50
12
7
Fannie
Mae,
Pool
#CA5423
.......................................
3.00
3/1/50
6
7
Fannie
Mae,
Pool
#AL9996
.......................................
3.00
4/1/32
6
4
Fannie
Mae,
Pool
#FM1585
.......................................
3.00
9/1/49
3
13
Fannie
Mae,
Pool
#BC4764
.......................................
3.00
10/1/46
11
4
Fannie
Mae,
Pool
#MA3339
.......................................
3.00
4/1/33
4
6
Fannie
Mae,
Pool
#FM1370
.......................................
3.00
4/1/46
5
3
Fannie
Mae,
Pool
#AB2047
.......................................
3.00
1/1/26
3
22
Fannie
Mae,
Pool
#BU8883
.......................................
3.00
3/1/52
19
5
Fannie
Mae,
Pool
#MA3377
.......................................
3.00
5/1/48
5
9
Fannie
Mae,
Pool
#BO7242
.......................................
3.00
1/1/50
8
128
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
22
Fannie
Mae,
Pool
#FS2122
........................................
3.00
3/1/52
$
19
7
Fannie
Mae,
Pool
#AZ2936
.......................................
3.00
9/1/45
6
6
Fannie
Mae,
Pool
#BO8947
.......................................
3.00
1/1/50
5
9
Fannie
Mae,
Pool
#BO9169
.......................................
3.00
12/1/49
8
19
Fannie
Mae,
Pool
#AB8897
.......................................
3.00
4/1/43
17
27
Fannie
Mae,
Pool
#AO0752
.......................................
3.00
4/1/42
24
5
Fannie
Mae,
Pool
#BN7703
.......................................
3.00
8/1/49
4
6
Fannie
Mae,
Pool
#BO2201
.......................................
3.00
9/1/49
5
9
Fannie
Mae,
Pool
#BP1932
........................................
3.00
4/1/50
8
25
Fannie
Mae,
Pool
#AS8483
........................................
3.00
12/1/46
22
5
Fannie
Mae,
Pool
#MA3831
.......................................
3.00
11/1/39
4
6
Fannie
Mae,
Pool
#BO3192
.......................................
3.00
10/1/49
5
23
Fannie
Mae,
Pool
#CB3364
.......................................
3.00
4/1/52
19
12
Fannie
Mae,
Pool
#MA3834
.......................................
3.00
11/1/49
10
5
Fannie
Mae,
Pool
#MA3237
.......................................
3.00
1/1/48
4
5
Fannie
Mae,
Pool
#MA3890
.......................................
3.00
1/1/40
5
12
Fannie
Mae,
Pool
#BC9003
.......................................
3.00
11/1/46
11
11
Fannie
Mae,
Pool
#AS8276
........................................
3.00
11/1/46
9
4
Fannie
Mae,
Pool
#MA3691
.......................................
3.00
7/1/49
3
5
Fannie
Mae,
Pool
#FM2132
.......................................
3.00
1/1/50
4
9
Fannie
Mae,
Pool
#MA4048
.......................................
3.00
6/1/50
7
11
Fannie
Mae,
Pool
#BP6466
........................................
3.00
7/1/50
9
3
Fannie
Mae,
Pool
#MA3494
.......................................
3.50
10/1/48
2
4
Fannie
Mae,
Pool
#BM4703
.......................................
3.50
2/1/48
4
3
Fannie
Mae,
Pool
#MA3692
.......................................
3.50
7/1/49
3
5
Fannie
Mae,
Pool
#BM2000
.......................................
3.50
5/1/47
5
5
Fannie
Mae,
Pool
#FM1566
.......................................
3.50
11/1/48
4
23
Fannie
Mae,
Pool
#BU8723
.......................................
3.50
6/1/52
20
4
Fannie
Mae,
Pool
#AL1717
.......................................
3.50
5/1/27
4
6
Fannie
Mae,
Pool
#FM1911
.......................................
3.50
7/1/48
6
13
Fannie
Mae,
Pool
#MA2125
.......................................
3.50
12/1/44
12
9
Fannie
Mae,
Pool
#BC2926
.......................................
3.50
3/1/46
8
9
Fannie
Mae,
Pool
#MA3243
.......................................
3.50
1/1/38
9
3
Fannie
Mae,
Pool
#MA3663
.......................................
3.50
5/1/49
3
4
Fannie
Mae,
Pool
#MA3775
.......................................
3.50
9/1/49
3
5
Fannie
Mae,
Pool
#FM1001
.......................................
3.50
11/1/48
4
5
Fannie
Mae,
Pool
#AS7491
........................................
3.50
7/1/46
5
6
Fannie
Mae,
Pool
#AS7388
........................................
3.50
6/1/46
5
24
Fannie
Mae,
Pool
#AQ0546
.......................................
3.50
11/1/42
23
6
Fannie
Mae,
Pool
#AS6102
........................................
3.50
11/1/45
6
6
Fannie
Mae,
Pool
#BC1158
........................................
3.50
2/1/46
6
3
Fannie
Mae,
Pool
#AB2052
.......................................
3.50
1/1/26
3
5
Fannie
Mae,
Pool
#BC0443
.......................................
3.50
12/1/45
5
3
Fannie
Mae,
Pool
#BM5485
.......................................
3.50
2/1/49
2
8
Fannie
Mae,
Pool
#MA3182
.......................................
3.50
11/1/47
7
4
Fannie
Mae,
Pool
#MA3835
.......................................
3.50
11/1/49
4
7
Fannie
Mae,
Pool
#MA2706
.......................................
3.50
8/1/46
7
4
Fannie
Mae,
Pool
#MA2522
.......................................
3.50
2/1/46
3
3
Fannie
Mae,
Pool
#MA3745
.......................................
3.50
8/1/49
3
3
Fannie
Mae,
Pool
#CA4026
.......................................
3.50
5/1/49
2
4
Fannie
Mae,
Pool
#MA3906
.......................................
3.50
1/1/50
4
8
Fannie
Mae,
Pool
#AZ0862
.......................................
3.50
7/1/45
8
4
Fannie
Mae,
Pool
#MA3305
.......................................
3.50
3/1/48
4
23
Fannie
Mae,
Pool
#MA4654
.......................................
3.50
7/1/52
21
3
Fannie
Mae,
Pool
#AS6394
........................................
3.50
12/1/45
3
5
Fannie
Mae,
Pool
#BJ3716
........................................
3.50
12/1/47
5
3
Fannie
Mae,
Pool
#FM0020
.......................................
3.50
7/1/49
3
9
Fannie
Mae,
Pool
#BJ4916
........................................
3.50
3/1/48
8
3
Fannie
Mae,
Pool
#AS4236
........................................
3.50
1/1/45
3
129
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
3
Fannie
Mae,
Pool
#BA1893
.......................................
3.50
8/1/45
$
3
7
Fannie
Mae,
Pool
#BP1947
........................................
3.50
4/1/50
7
6
Fannie
Mae,
Pool
#MA3520
.......................................
3.50
11/1/48
5
5
Fannie
Mae,
Pool
#BK9038
.......................................
3.50
10/1/33
5
4
Fannie
Mae,
Pool
#MA3057
.......................................
3.50
7/1/47
4
45
Fannie
Mae,
Pool
#MA4600
.......................................
3.50
5/1/52
40
2
Fannie
Mae,
Pool
#MA3637
.......................................
3.50
4/1/49
2
12
Fannie
Mae,
Pool
#AS4771
........................................
3.50
4/1/45
11
4
Fannie
Mae,
Pool
#BD5046
.......................................
3.50
2/1/47
4
5
Fannie
Mae,
Pool
#MA3210
.......................................
3.50
12/1/47
4
7
Fannie
Mae,
Pool
#AS0024
........................................
3.50
7/1/43
6
2
Fannie
Mae,
Pool
#MA3614
.......................................
3.50
3/1/49
2
9
Fannie
Mae,
Pool
#BM1568
.......................................
3.50
7/1/47
8
8
Fannie
Mae,
Pool
#MA1980
.......................................
3.50
8/1/44
8
7
Fannie
Mae,
Pool
#MA3026
.......................................
3.50
6/1/47
6
4
Fannie
Mae,
Pool
#MA3148
.......................................
3.50
10/1/47
4
4
Fannie
Mae,
Pool
#MA3059
.......................................
3.50
7/1/37
4
2
Fannie
Mae,
Pool
#MA3597
.......................................
3.50
2/1/49
2
3
Fannie
Mae,
Pool
#BK0920
.......................................
4.00
7/1/48
3
14
Fannie
Mae,
Pool
#AO2959
.......................................
4.00
5/1/42
14
3
Fannie
Mae,
Pool
#MA2415
.......................................
4.00
10/1/45
3
7
Fannie
Mae,
Pool
#AU8849
.......................................
4.00
11/1/43
6
24
Fannie
Mae,
Pool
#MA5127
.......................................
4.00
8/1/53
23
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
#AS7558
........................................
4.00
7/1/46
4
3
Fannie
Mae,
Pool
#BK0909
.......................................
4.00
7/1/48
3
4
Fannie
Mae,
Pool
#AH6242
.......................................
4.00
4/1/26
4
3
Fannie
Mae,
Pool
#FM0021
.......................................
4.00
3/1/49
3
6
Fannie
Mae,
Pool
#AS9314
........................................
4.00
3/1/47
5
4
Fannie
Mae,
Pool
#AS7600
........................................
4.00
7/1/46
4
7
Fannie
Mae,
Pool
#MA2995
.......................................
4.00
5/1/47
6
4
Fannie
Mae,
Pool
#CA0183
.......................................
4.00
8/1/47
3
7
Fannie
Mae,
Pool
#AS3467
........................................
4.00
10/1/44
7
10
Fannie
Mae,
Pool
#BK7943
.......................................
4.00
11/1/48
10
2
Fannie
Mae,
Pool
#BM4306
.......................................
4.00
9/1/25
2
4
Fannie
Mae,
Pool
#AZ7362
.......................................
4.00
11/1/45
4
7
Fannie
Mae,
Pool
#MA3121
.......................................
4.00
9/1/47
7
3
Fannie
Mae,
Pool
#AS8532
........................................
4.00
12/1/46
3
3
Fannie
Mae,
Pool
#BM4991
.......................................
4.00
9/1/48
3
23
Fannie
Mae,
Pool
#MA4732
.......................................
4.00
9/1/52
21
3
Fannie
Mae,
Pool
#BN0334
.......................................
4.00
12/1/48
3
4
Fannie
Mae,
Pool
#BN6677
.......................................
4.00
6/1/49
4
5
Fannie
Mae,
Pool
#MA3804
.......................................
4.00
10/1/49
5
4
Fannie
Mae,
Pool
#MA3183
.......................................
4.00
11/1/47
3
3
Fannie
Mae,
Pool
#MA3746
.......................................
4.00
8/1/49
3
3
Fannie
Mae,
Pool
#MA3638
.......................................
4.00
4/1/49
2
8
Fannie
Mae,
Pool
#AS8823
........................................
4.00
2/1/47
8
5
Fannie
Mae,
Pool
#AS9831
........................................
4.00
6/1/47
5
6
Fannie
Mae,
Pool
#BM2002
.......................................
4.00
10/1/47
6
2
Fannie
Mae,
Pool
#MA3615
.......................................
4.00
3/1/49
2
2
Fannie
Mae,
Pool
#MA3592
.......................................
4.00
2/1/49
2
3
Fannie
Mae,
Pool
#FM1415
.......................................
4.00
12/1/48
3
3
Fannie
Mae,
Pool
#FM1571
.......................................
4.00
12/1/48
3
2
Fannie
Mae,
Pool
#MA3521
.......................................
4.00
11/1/48
2
8
Fannie
Mae,
Pool
#AS3468
........................................
4.00
10/1/44
8
4
Fannie
Mae,
Pool
#MA3277
.......................................
4.00
2/1/48
3
9
Fannie
Mae,
Pool
#BM1066
.......................................
4.00
2/1/47
9
3
Fannie
Mae,
Pool
#MA3563
.......................................
4.00
1/1/49
3
130
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(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
#BD7060
.......................................
4.00
3/1/47
3
2
Fannie
Mae,
Pool
#MA3537
.......................................
4.50
12/1/48
2
2
Fannie
Mae,
Pool
#BN4309
.......................................
4.50
1/1/49
2
43
Fannie
Mae,
Pool
#BV7928
.......................................
4.50
8/1/52
41
3
Fannie
Mae,
Pool
#CA0623
.......................................
4.50
10/1/47
3
5
Fannie
Mae,
Pool
#AS2751
........................................
4.50
6/1/44
5
9
Fannie
Mae,
Pool
#AS9394
........................................
4.50
4/1/47
9
11
Fannie
Mae,
Pool
#MA3184
.......................................
4.50
11/1/47
10
3
Fannie
Mae,
Pool
#MA3639
.......................................
4.50
4/1/49
3
20
Fannie
Mae,
Pool
#AE0217
.......................................
4.50
8/1/40
20
6
Fannie
Mae,
Pool
#MA3747
.......................................
4.50
8/1/49
6
4
Fannie
Mae,
Pool
#CA1711
.......................................
4.50
5/1/48
3
3
Fannie
Mae,
Pool
#BK4850
.......................................
4.50
5/1/48
3
4
Fannie
Mae,
Pool
#BM3286
.......................................
4.50
11/1/47
4
—
Fannie
Mae,
Pool
#930998
........................................
4.50
4/1/29
—
2
Fannie
Mae,
Pool
#BK6328
.......................................
4.50
6/1/48
2
16
Fannie
Mae,
Pool
#AE0954
.......................................
4.50
2/1/41
15
3
Fannie
Mae,
Pool
#890603
........................................
5.00
8/1/41
3
24
Fannie
Mae,
Pool
#MA5071
.......................................
5.00
7/1/53
23
4
Fannie
Mae,
Pool
#725027
........................................
5.00
11/1/33
4
22
Fannie
Mae,
Pool
#MA4761
.......................................
5.00
9/1/52
22
8
Fannie
Mae,
Pool
#725238
........................................
5.00
3/1/34
8
18
Fannie
Mae,
Pool
#889117
........................................
5.00
10/1/35
18
4
Fannie
Mae,
Pool
#BM3904
.......................................
5.00
5/1/48
4
24
Fannie
Mae,
Pool
#MA5107
.......................................
5.50
8/1/53
24
24
Fannie
Mae,
Pool
#MA5072
.......................................
5.50
7/1/53
23
47
Fannie
Mae,
Pool
#MA5010
.......................................
5.50
5/1/53
46
22
Fannie
Mae,
Pool
#FS3360
........................................
5.50
12/1/52
23
3
Fannie
Mae,
Pool
#890221
........................................
5.50
12/1/33
3
23
Fannie
Mae,
Pool
#MA5073
.......................................
6.00
7/1/53
23
9
Fannie
Mae,
Pool
#959451
........................................
6.00
12/1/37
10
24
Fannie
Mae,
Pool
#MA5166
.......................................
6.00
10/1/53
24
48
Fannie
Mae,
Pool
#MA5217
.......................................
6.50
12/1/53
48
50
Fannie
Mae,
15
YR
TBA
.........................................
1.50
4/25/39
43
25
Fannie
Mae,
15
YR
TBA
.........................................
4.50
4/25/39
25
25
Fannie
Mae,
15
YR
TBA
.........................................
5.00
4/25/39
25
25
Fannie
Mae,
30
YR
TBA
.........................................
3.50
4/25/54
22
25
Fannie
Mae,
30
YR
TBA
.........................................
4.50
4/25/54
24
25
Fannie
Mae,
30
YR
TBA
.........................................
4.50
5/25/54
24
50
Fannie
Mae,
30
YR
TBA
.........................................
5.00
4/25/54
48
25
Fannie
Mae,
30
YR
TBA
.........................................
5.50
4/25/54
25
25
Fannie
Mae,
30
YR
TBA
.........................................
6.00
5/25/54
25
25
Fannie
Mae,
30
YR
TBA
.........................................
6.00
4/25/54
25
25
Fannie
Mae,
30
YR
TBA
.........................................
6.50
4/25/54
26
25
Fannie
Mae,
30
YR
TBA
.........................................
6.50
5/25/54
26
50
Fannie
Mae,
30
YR
TBA
.........................................
7.00
4/25/54
51
18
Freddie
Mac,
Pool
#SB8097
.......................................
1.50
4/1/36
15
16
Freddie
Mac,
Pool
#SB8088
.......................................
1.50
2/1/36
14
20
Freddie
Mac,
Pool
#RB5110
.......................................
1.50
5/1/41
16
20
Freddie
Mac,
Pool
#QN9521
.......................................
1.50
2/1/37
18
41
Freddie
Mac,
Pool
#QC0962
.......................................
1.50
4/1/51
31
42
Freddie
Mac,
Pool
#SD8154
.......................................
1.50
7/1/51
32
21
Freddie
Mac,
Pool
#SB8144
.......................................
1.50
3/1/37
18
20
Freddie
Mac,
Pool
#SD8146
.......................................
2.00
5/1/51
16
19
Freddie
Mac,
Pool
#RB5114
.......................................
2.00
6/1/41
16
40
Freddie
Mac,
Pool
#QC0423
.......................................
2.00
4/1/51
32
20
Freddie
Mac,
Pool
#RA3328
.......................................
2.00
8/1/50
16
18
Freddie
Mac,
Pool
#SB8115
.......................................
2.00
8/1/36
16
131
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
20
Freddie
Mac,
Pool
#RB5121
.......................................
2.00
8/1/41
$
17
18
Freddie
Mac,
Pool
#RA3575
.......................................
2.00
9/1/50
14
20
Freddie
Mac,
Pool
#RA4214
.......................................
2.00
12/1/50
16
21
Freddie
Mac,
Pool
#QC7473
.......................................
2.00
9/1/51
17
44
Freddie
Mac,
Pool
#SD8177
.......................................
2.00
11/1/51
35
12
Freddie
Mac,
Pool
#SB8061
.......................................
2.00
9/1/35
11
38
Freddie
Mac,
Pool
#SD8128
.......................................
2.00
2/1/51
30
20
Freddie
Mac,
Pool
#RA5040
.......................................
2.00
4/1/51
16
22
Freddie
Mac,
Pool
#RA5155
.......................................
2.00
5/1/51
17
21
Freddie
Mac,
Pool
#RA5257
.......................................
2.00
5/1/51
17
20
Freddie
Mac,
Pool
#SD8079
.......................................
2.00
7/1/50
16
18
Freddie
Mac,
Pool
#QB3926
.......................................
2.00
10/1/50
15
40
Freddie
Mac,
Pool
#QB6893
.......................................
2.00
12/1/50
32
39
Freddie
Mac,
Pool
#QB7708
.......................................
2.00
1/1/51
31
21
Freddie
Mac,
Pool
#QC3597
.......................................
2.00
6/1/51
17
17
Freddie
Mac,
Pool
#RA3205
.......................................
2.00
8/1/50
14
22
Freddie
Mac,
Pool
#SD8172
.......................................
2.00
10/1/51
17
44
Freddie
Mac,
Pool
#QD1254
.......................................
2.00
11/1/51
35
41
Freddie
Mac,
Pool
#QC3697
.......................................
2.00
6/1/51
33
29
Freddie
Mac,
Pool
#SB8079
.......................................
2.00
12/1/35
26
18
Freddie
Mac,
Pool
#SB8510
.......................................
2.00
2/1/36
16
38
Freddie
Mac,
Pool
#SB8128
.......................................
2.00
11/1/36
34
44
Freddie
Mac,
Pool
#SD8188
.......................................
2.00
1/1/52
35
23
Freddie
Mac,
Pool
#SD8199
.......................................
2.00
3/1/52
18
19
Freddie
Mac,
Pool
#SD8121
.......................................
2.00
1/1/51
15
39
Freddie
Mac,
Pool
#SD7537
.......................................
2.00
3/1/51
31
40
Freddie
Mac,
Pool
#QC1333
.......................................
2.00
5/1/51
32
37
Freddie
Mac,
Pool
#SD8113
.......................................
2.00
12/1/50
29
17
Freddie
Mac,
Pool
#RB5095
.......................................
2.00
1/1/41
15
45
Freddie
Mac,
Pool
#SD8193
.......................................
2.00
2/1/52
35
15
Freddie
Mac,
Pool
#RC1727
.......................................
2.00
12/1/35
13
21
Freddie
Mac,
Pool
#SD8098
.......................................
2.00
10/1/50
17
22
Freddie
Mac,
Pool
#QD5748
.......................................
2.00
2/1/52
18
42
Freddie
Mac,
Pool
#SD8160
.......................................
2.00
8/1/51
34
17
Freddie
Mac,
Pool
#SB8107
.......................................
2.00
6/1/36
15
10
Freddie
Mac,
Pool
#RB5054
.......................................
2.50
6/1/40
9
6
Freddie
Mac,
Pool
#ZS8692
.......................................
2.50
4/1/33
6
14
Freddie
Mac,
Pool
#SD8099
.......................................
2.50
10/1/50
12
36
Freddie
Mac,
Pool
#SD8141
.......................................
2.50
4/1/51
30
15
Freddie
Mac,
Pool
#ZS4687
.......................................
2.50
11/1/46
12
18
Freddie
Mac,
Pool
#SD8147
.......................................
2.50
5/1/51
15
16
Freddie
Mac,
Pool
#SD8129
.......................................
2.50
2/1/51
13
20
Freddie
Mac,
Pool
#SB0301
.......................................
2.50
4/1/35
18
14
Freddie
Mac,
Pool
#RA2897
.......................................
2.50
6/1/50
12
21
Freddie
Mac,
Pool
#RA6019
.......................................
2.50
10/1/51
18
40
Freddie
Mac,
Pool
#RA5832
.......................................
2.50
9/1/51
33
22
Freddie
Mac,
Pool
#SD8205
.......................................
2.50
4/1/52
19
5
Freddie
Mac,
Pool
#G18687
.......................................
2.50
5/1/33
5
15
Freddie
Mac,
Pool
#QB3703
.......................................
2.50
9/1/50
13
43
Freddie
Mac,
Pool
#SD8183
.......................................
2.50
12/1/51
36
7
Freddie
Mac,
Pool
#G07445
.......................................
2.50
7/1/43
6
44
Freddie
Mac,
Pool
#SD8194
.......................................
2.50
2/1/52
36
15
Freddie
Mac,
Pool
#QB3287
.......................................
2.50
8/1/50
12
20
Freddie
Mac,
Pool
#SD8167
.......................................
2.50
9/1/51
17
23
Freddie
Mac,
Pool
#RA6136
.......................................
2.50
10/1/51
19
30
Freddie
Mac,
Pool
#SD8114
.......................................
2.50
12/1/50
25
6
Freddie
Mac,
Pool
#RB5043
.......................................
2.50
4/1/40
6
16
Freddie
Mac,
Pool
#RA4527
.......................................
2.50
2/1/51
13
21
Freddie
Mac,
Pool
#QC7457
.......................................
2.50
9/1/51
17
132
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
22
Freddie
Mac,
Pool
#RA6621
.......................................
2.50
1/1/52
$
18
21
Freddie
Mac,
Pool
#RA6815
.......................................
2.50
2/1/52
18
19
Freddie
Mac,
Pool
#SD8151
.......................................
2.50
6/1/51
16
10
Freddie
Mac,
Pool
#G18470
.......................................
2.50
6/1/28
9
21
Freddie
Mac,
Pool
#RA5802
.......................................
2.50
9/1/51
18
31
Freddie
Mac,
Pool
#RA2643
.......................................
2.50
6/1/50
26
25
Freddie
Mac,
Pool
#SB8045
.......................................
2.50
5/1/35
23
19
Freddie
Mac,
Pool
#RA5286
.......................................
2.50
5/1/51
16
44
Freddie
Mac,
Pool
#SD1011
.......................................
2.50
4/1/52
36
22
Freddie
Mac,
Pool
#SD8189
.......................................
2.50
1/1/52
18
12
Freddie
Mac,
Pool
#RA2595
.......................................
2.50
5/1/50
10
13
Freddie
Mac,
Pool
#SD8083
.......................................
2.50
8/1/50
11
19
Freddie
Mac,
Pool
#QC2031
.......................................
2.50
5/1/51
16
30
Freddie
Mac,
Pool
#RA2634
.......................................
2.50
5/1/50
25
20
Freddie
Mac,
Pool
#RA3528
.......................................
2.50
9/1/50
16
44
Freddie
Mac,
Pool
#RA6493
.......................................
2.50
12/1/51
37
23
Freddie
Mac,
Pool
#QE2352
.......................................
2.50
5/1/52
19
16
Freddie
Mac,
Pool
#SD8122
.......................................
2.50
1/1/51
13
10
Freddie
Mac,
Pool
#G18485
.......................................
2.50
10/1/28
9
20
Freddie
Mac,
Pool
#SD8021
.......................................
2.50
9/1/49
17
16
Freddie
Mac,
Pool
#G60989
.......................................
3.00
12/1/46
14
23
Freddie
Mac,
Pool
#ZS4511
.......................................
3.00
3/1/43
20
9
Freddie
Mac,
Pool
#G18663
.......................................
3.00
10/1/32
9
13
Freddie
Mac,
Pool
#ZA2304
.......................................
3.00
6/1/33
12
10
Freddie
Mac,
Pool
#ZS4658
.......................................
3.00
4/1/46
9
13
Freddie
Mac,
Pool
#ZS4706
.......................................
3.00
3/1/47
12
5
Freddie
Mac,
Pool
#ZS4688
.......................................
3.00
11/1/46
5
13
Freddie
Mac,
Pool
#QB1382
.......................................
3.00
7/1/50
11
32
Freddie
Mac,
Pool
#ZS4522
.......................................
3.00
7/1/43
29
6
Freddie
Mac,
Pool
#SD8056
.......................................
3.00
4/1/50
6
8
Freddie
Mac,
Pool
#QA8065
.......................................
3.00
3/1/50
7
9
Freddie
Mac,
Pool
#SD8074
.......................................
3.00
7/1/50
8
10
Freddie
Mac,
Pool
#QA9049
.......................................
3.00
4/1/50
9
5
Freddie
Mac,
Pool
#QA1033
.......................................
3.00
7/1/49
4
15
Freddie
Mac,
Pool
#ZS4606
.......................................
3.00
3/1/45
13
5
Freddie
Mac,
Pool
#G08803
.......................................
3.00
3/1/48
4
11
Freddie
Mac,
Pool
#SD8030
.......................................
3.00
12/1/49
10
7
Freddie
Mac,
Pool
#SB8046
.......................................
3.00
5/1/35
7
37
Freddie
Mac,
Pool
#SD8174
.......................................
3.00
10/1/51
32
7
Freddie
Mac,
Pool
#G15145
.......................................
3.00
7/1/29
6
2
Freddie
Mac,
Pool
#G18518
.......................................
3.00
7/1/29
2
6
Freddie
Mac,
Pool
#ZM2089
.......................................
3.00
11/1/46
5
22
Freddie
Mac,
Pool
#QD9881
.......................................
3.00
3/1/52
19
7
Freddie
Mac,
Pool
#G61680
.......................................
3.00
4/1/47
6
11
Freddie
Mac,
Pool
#G08737
.......................................
3.00
12/1/46
10
4
Freddie
Mac,
Pool
#G18601
.......................................
3.00
5/1/31
4
6
Freddie
Mac,
Pool
#J36428
........................................
3.00
2/1/32
5
4
Freddie
Mac,
Pool
#G08635
.......................................
3.00
4/1/45
4
5
Freddie
Mac,
Pool
#ZM4908
.......................................
3.50
11/1/47
4
4
Freddie
Mac,
Pool
#ZS4659
.......................................
3.50
4/1/46
3
3
Freddie
Mac,
Pool
#G08770
.......................................
3.50
7/1/47
3
1
Freddie
Mac,
Pool
#J14069
........................................
3.50
1/1/26
1
15
Freddie
Mac,
Pool
#G08636
.......................................
3.50
4/1/45
13
7
Freddie
Mac,
Pool
#SB8007
.......................................
3.50
9/1/34
7
3
Freddie
Mac,
Pool
#G08627
.......................................
3.50
2/1/45
3
16
Freddie
Mac,
Pool
#G08554
.......................................
3.50
10/1/43
15
4
Freddie
Mac,
Pool
#ZA5052
.......................................
3.50
11/1/47
4
3
Freddie
Mac,
Pool
#SD8001
.......................................
3.50
7/1/49
3
11
Freddie
Mac,
Pool
#ZS4618
.......................................
3.50
6/1/45
10
133
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
8
Freddie
Mac,
Pool
#RA2469
.......................................
3.50
4/1/50
$
7
7
Freddie
Mac,
Pool
#G61148
.......................................
3.50
9/1/47
7
4
Freddie
Mac,
Pool
#ZS4599
.......................................
3.50
1/1/45
3
6
Freddie
Mac,
Pool
#G08761
.......................................
3.50
5/1/47
6
5
Freddie
Mac,
Pool
#G08620
.......................................
3.50
12/1/44
4
5
Freddie
Mac,
Pool
#J30284
........................................
3.50
11/1/29
5
6
Freddie
Mac,
Pool
#G08784
.......................................
3.50
10/1/47
6
13
Freddie
Mac,
Pool
#ZS4642
.......................................
3.50
12/1/45
12
6
Freddie
Mac,
Pool
#Q43933
.......................................
3.50
10/1/46
5
6
Freddie
Mac,
Pool
#SD8011
.......................................
3.50
9/1/49
5
22
Freddie
Mac,
Pool
#SD8038
.......................................
3.50
1/1/50
20
6
Freddie
Mac,
Pool
#ZS4651
.......................................
3.50
3/1/46
6
22
Freddie
Mac,
Pool
#SD8214
.......................................
3.50
5/1/52
20
7
Freddie
Mac,
Pool
#G08698
.......................................
3.50
3/1/46
6
3
Freddie
Mac,
Pool
#ZS4771
.......................................
3.50
6/1/48
3
7
Freddie
Mac,
Pool
#G08687
.......................................
3.50
1/1/46
6
3
Freddie
Mac,
Pool
#Q57871
.......................................
3.50
8/1/48
3
4
Freddie
Mac,
Pool
#ZS4713
.......................................
3.50
4/1/47
3
8
Freddie
Mac,
Pool
#RA1508
.......................................
3.50
10/1/49
7
5
Freddie
Mac,
Pool
#V83453
.......................................
3.50
10/1/47
4
7
Freddie
Mac,
Pool
#ZS4631
.......................................
4.00
9/1/45
7
4
Freddie
Mac,
Pool
#G08771
.......................................
4.00
7/1/47
4
7
Freddie
Mac,
Pool
#SD8070
.......................................
4.00
6/1/50
7
2
Freddie
Mac,
Pool
#ZA6946
.......................................
4.00
5/1/49
2
5
Freddie
Mac,
Pool
#SD0290
.......................................
4.00
4/1/50
4
47
Freddie
Mac,
Pool
#SD8286
.......................................
4.00
1/1/53
44
5
Freddie
Mac,
Pool
#C91395
.......................................
4.00
9/1/31
5
13
Freddie
Mac,
Pool
#ZL7781
.......................................
4.00
2/1/44
12
9
Freddie
Mac,
Pool
#G08606
.......................................
4.00
9/1/44
9
12
Freddie
Mac,
Pool
#G08637
.......................................
4.00
4/1/45
11
4
Freddie
Mac,
Pool
#G08801
.......................................
4.00
2/1/48
4
9
Freddie
Mac,
Pool
#A96286
.......................................
4.00
1/1/41
8
7
Freddie
Mac,
Pool
#G08775
.......................................
4.00
8/1/47
6
7
Freddie
Mac,
Pool
#ZA4988
.......................................
4.00
8/1/47
7
46
Freddie
Mac,
Pool
#SD8244
.......................................
4.00
9/1/52
43
23
Freddie
Mac,
Pool
#QE5462
.......................................
4.00
7/1/52
22
5
Freddie
Mac,
Pool
#ZT1320
.......................................
4.00
11/1/48
4
9
Freddie
Mac,
Pool
#G08567
.......................................
4.00
1/1/44
8
6
Freddie
Mac,
Pool
#ZS4708
.......................................
4.00
3/1/47
6
3
Freddie
Mac,
Pool
#ZT1840
.......................................
4.00
9/1/48
2
3
Freddie
Mac,
Pool
#ZT2106
.......................................
4.00
3/1/49
3
7
Freddie
Mac,
Pool
#Q58680
.......................................
4.00
9/1/48
6
3
Freddie
Mac,
Pool
#G08781
.......................................
4.50
9/1/47
3
47
Freddie
Mac,
Pool
#SD8306
.......................................
4.50
3/1/53
45
23
Freddie
Mac,
Pool
#SD8266
.......................................
4.50
11/1/52
22
12
Freddie
Mac,
Pool
#G01890
.......................................
4.50
10/1/35
12
3
Freddie
Mac,
Pool
#ZS4774
.......................................
4.50
5/1/48
3
4
Freddie
Mac,
Pool
#C09059
.......................................
4.50
3/1/44
4
5
Freddie
Mac,
Pool
#Q52321
.......................................
4.50
11/1/47
5
24
Freddie
Mac,
Pool
#SD8340
.......................................
4.50
7/1/53
23
23
Freddie
Mac,
Pool
#SD8245
.......................................
4.50
9/1/52
22
15
Freddie
Mac,
Pool
#A97692
.......................................
4.50
3/1/41
14
4
Freddie
Mac,
Pool
#Q58217
.......................................
4.50
9/1/48
4
24
Freddie
Mac,
Pool
#SD8315
.......................................
5.00
4/1/53
23
8
Freddie
Mac,
Pool
#G04817
.......................................
5.00
9/1/38
8
48
Freddie
Mac,
Pool
#SD8341
.......................................
5.00
7/1/53
47
23
Freddie
Mac,
Pool
#SD8288
.......................................
5.00
1/1/53
23
8
Freddie
Mac,
Pool
#G01962
.......................................
5.00
12/1/35
8
8
Freddie
Mac,
Pool
#G05904
.......................................
5.00
9/1/39
9
134
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
6
Freddie
Mac,
Pool
#ZT1779
.......................................
5.00
3/1/49
$
6
24
Freddie
Mac,
Pool
#SD8361
.......................................
5.00
9/1/53
24
24
Freddie
Mac,
Pool
#SD8323
.......................................
5.00
5/1/53
23
3
Freddie
Mac,
Pool
#G08838
.......................................
5.00
9/1/48
3
12
Freddie
Mac,
Pool
#G01665
.......................................
5.50
3/1/34
12
24
Freddie
Mac,
Pool
#SD8372
.......................................
5.50
11/1/53
24
23
Freddie
Mac,
Pool
#SD8300
.......................................
5.50
2/1/53
23
24
Freddie
Mac,
Pool
#SD8342
.......................................
5.50
7/1/53
24
23
Freddie
Mac,
Pool
#SD8331
.......................................
5.50
6/1/53
23
48
Freddie
Mac,
Pool
#SD8362
.......................................
5.50
9/1/53
48
23
Freddie
Mac,
Pool
#SD8325
.......................................
6.00
5/1/53
23
48
Freddie
Mac,
Pool
#SD8373
.......................................
6.00
11/1/53
48
23
Freddie
Mac,
Pool
#SD8350
.......................................
6.00
8/1/53
24
24
Freddie
Mac,
Pool
#SD8363
.......................................
6.00
9/1/53
24
9
Freddie
Mac,
Pool
#G02794
.......................................
6.00
5/1/37
9
24
Freddie
Mac,
Pool
#SD8384
.......................................
6.00
12/1/53
24
1
Freddie
Mac,
Pool
#C90989
.......................................
6.00
9/1/26
1
24
Freddie
Mac,
Pool
#SD8374
.......................................
6.50
11/1/53
24
48
Freddie
Mac,
Pool
#SD8397
.......................................
6.50
1/1/54
48
22
Government
National
Mortgage
Association,
Pool
#MA7880
................
2.00
2/20/52
18
32
Government
National
Mortgage
Association,
Pool
#MA6930
................
2.00
10/20/50
27
39
Government
National
Mortgage
Association,
Pool
#MA7471
................
2.00
7/20/51
32
22
Government
National
Mortgage
Association,
Pool
#MA7986
................
2.00
4/20/52
18
17
Government
National
Mortgage
Association,
Pool
#MA7051
................
2.00
12/20/50
14
19
Government
National
Mortgage
Association,
Pool
#MA7366
................
2.00
5/20/51
15
20
Government
National
Mortgage
Association,
Pool
#MA6994
................
2.00
11/20/50
16
42
Government
National
Mortgage
Association,
Pool
#MA7704
................
2.00
11/20/51
34
21
Government
National
Mortgage
Association,
Pool
#MA7826
................
2.00
1/20/52
18
18
Government
National
Mortgage
Association,
Pool
#MA7311
................
2.00
4/20/51
15
21
Government
National
Mortgage
Association,
Pool
#MA7766
................
2.00
12/20/51
17
20
Government
National
Mortgage
Association,
Pool
#MA7588
................
2.00
9/20/51
17
31
Government
National
Mortgage
Association,
Pool
#MA6864
................
2.00
9/20/50
26
36
Government
National
Mortgage
Association,
Pool
#MA7254
................
2.00
3/20/51
29
22
Government
National
Mortgage
Association,
Pool
#MA8041
................
2.00
5/20/52
18
17
Government
National
Mortgage
Association,
Pool
#MA7135
................
2.00
1/20/51
14
19
Government
National
Mortgage
Association,
Pool
#MA7417
................
2.00
6/20/51
15
22
Government
National
Mortgage
Association,
Pool
#MA7935
................
2.00
3/20/52
18
13
Government
National
Mortgage
Association,
Pool
#MA6931
................
2.50
10/20/50
11
5
Government
National
Mortgage
Association,
Pool
#MA4355
................
2.50
4/20/32
4
9
Government
National
Mortgage
Association,
Pool
#MA6655
................
2.50
5/20/50
8
13
Government
National
Mortgage
Association,
Pool
#MA6995
................
2.50
11/20/50
11
42
Government
National
Mortgage
Association,
Pool
#MA7767
................
2.50
12/20/51
36
17
Government
National
Mortgage
Association,
Pool
#MA7312
................
2.50
4/20/51
15
7
Government
National
Mortgage
Association,
Pool
#MA6540
................
2.50
3/20/50
6
41
Government
National
Mortgage
Association,
Pool
#MA6709
................
2.50
6/20/50
35
38
Government
National
Mortgage
Association,
Pool
#MA7472
................
2.50
7/20/51
33
4
Government
National
Mortgage
Association,
Pool
#MA1155
................
2.50
7/20/43
3
18
Government
National
Mortgage
Association,
Pool
#MA7136
................
2.50
1/20/51
15
22
Government
National
Mortgage
Association,
Pool
#MA7936
................
2.50
3/20/52
18
39
Government
National
Mortgage
Association,
Pool
#MA7534
................
2.50
8/20/51
33
41
Government
National
Mortgage
Association,
Pool
#MA7649
................
2.50
10/20/51
35
1
Government
National
Mortgage
Association,
Pool
#AA8341
................
2.50
2/15/28
1
22
Government
National
Mortgage
Association,
Pool
#MA8042
................
2.50
5/20/52
19
20
Government
National
Mortgage
Association,
Pool
#MA7589
................
2.50
9/20/51
17
19
Government
National
Mortgage
Association,
Pool
#MA7418
................
2.50
6/20/51
16
32
Government
National
Mortgage
Association,
Pool
#MA7255
................
2.50
3/20/51
28
30
Government
National
Mortgage
Association,
Pool
#MA7193
................
2.50
2/20/51
26
33
Government
National
Mortgage
Association,
Pool
#MA6865
................
2.50
9/20/50
28
23
Government
National
Mortgage
Association,
Pool
#MA6819
................
2.50
8/20/50
20
135
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
5
Government
National
Mortgage
Association,
Pool
#MA3873
................
3.00
8/20/46
$
4
8
Government
National
Mortgage
Association,
Pool
#MA3936
................
3.00
9/20/46
7
5
Government
National
Mortgage
Association,
Pool
#MA4068
................
3.00
11/20/46
5
22
Government
National
Mortgage
Association,
Pool
#MA8098
................
3.00
6/20/52
20
7
Government
National
Mortgage
Association,
Pool
#MA3662
................
3.00
5/20/46
7
10
Government
National
Mortgage
Association,
Pool
#MA3375
................
3.00
1/20/46
9
7
Government
National
Mortgage
Association,
Pool
#MA4836
................
3.00
11/20/47
7
9
Government
National
Mortgage
Association,
Pool
#MA4320
................
3.00
3/20/47
8
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
#MA2960
................
3.00
7/20/45
6
7
Government
National
Mortgage
Association,
Pool
#AA5897
................
3.00
12/15/42
6
10
Government
National
Mortgage
Association,
Pool
#MA3735
................
3.00
6/20/46
9
20
Government
National
Mortgage
Association,
Pool
#MA6218
................
3.00
10/20/49
18
7
Government
National
Mortgage
Association,
Pool
#MA4195
................
3.00
1/20/47
6
12
Government
National
Mortgage
Association,
Pool
#MA4003
................
3.00
10/20/46
11
21
Government
National
Mortgage
Association,
Pool
#MA7828
................
3.00
1/20/52
18
14
Government
National
Mortgage
Association,
Pool
#MA1011
................
3.00
5/20/43
13
5
Government
National
Mortgage
Association,
Pool
#MA6283
................
3.00
11/20/49
5
4
Government
National
Mortgage
Association,
Pool
#MA0205
................
3.00
7/20/27
4
14
Government
National
Mortgage
Association,
Pool
#MA0851
................
3.00
3/20/43
13
12
Government
National
Mortgage
Association,
Pool
#MA5018
................
3.00
2/20/48
11
14
Government
National
Mortgage
Association,
Pool
#MA4899
................
3.00
12/20/47
12
10
Government
National
Mortgage
Association,
Pool
#MA2520
................
3.00
1/20/45
9
6
Government
National
Mortgage
Association,
Pool
#MA6409
................
3.00
1/20/50
5
8
Government
National
Mortgage
Association,
Pool
#MA6710
................
3.00
6/20/50
7
7
Government
National
Mortgage
Association,
Pool
#MA3243
................
3.00
11/20/45
6
10
Government
National
Mortgage
Association,
Pool
#MA6820
................
3.00
8/20/50
9
7
Government
National
Mortgage
Association,
Pool
#MA6599
................
3.00
4/20/50
6
16
Government
National
Mortgage
Association,
Pool
#MA6656
................
3.00
5/20/50
14
11
Government
National
Mortgage
Association,
Pool
#MA6474
................
3.00
2/20/50
10
6
Government
National
Mortgage
Association,
Pool
#MA6338
................
3.00
12/20/49
5
4
Government
National
Mortgage
Association,
Pool
#MA5815
................
3.00
3/20/49
4
6
Government
National
Mortgage
Association,
Pool
#MA4126
................
3.00
12/20/46
6
3
Government
National
Mortgage
Association,
Pool
#MA3596
................
3.00
4/20/46
3
5
Government
National
Mortgage
Association,
Pool
#MA6089
................
3.00
8/20/49
5
18
Government
National
Mortgage
Association,
Pool
#MA6766
................
3.00
7/20/50
16
4
Government
National
Mortgage
Association,
Pool
#MA4837
................
3.50
11/20/47
4
7
Government
National
Mortgage
Association,
Pool
#MA3105
................
3.50
9/20/45
6
8
Government
National
Mortgage
Association,
Pool
#MA4652
................
3.50
8/20/47
7
7
Government
National
Mortgage
Association,
Pool
#MA4586
................
3.50
7/20/47
6
7
Government
National
Mortgage
Association,
Pool
#MA3310
................
3.50
12/20/45
6
9
Government
National
Mortgage
Association,
Pool
#MA4127
................
3.50
12/20/46
8
8
Government
National
Mortgage
Association,
Pool
#MA4004
................
3.50
10/20/46
7
7
Government
National
Mortgage
Association,
Pool
#MA3803
................
3.50
7/20/46
6
7
Government
National
Mortgage
Association,
Pool
#MA4510
................
3.50
6/20/47
7
4
Government
National
Mortgage
Association,
Pool
#MA4778
................
3.50
10/20/47
4
6
Government
National
Mortgage
Association,
Pool
#MA5875
................
3.50
4/20/49
6
7
Government
National
Mortgage
Association,
Pool
#MA3874
................
3.50
8/20/46
7
7
Government
National
Mortgage
Association,
Pool
#MA4382
................
3.50
4/20/47
7
3
Government
National
Mortgage
Association,
Pool
#MA1574
................
3.50
1/20/29
3
7
Government
National
Mortgage
Association,
Pool
#MA2223
................
3.50
9/20/44
7
4
Government
National
Mortgage
Association,
Pool
#AC3938
................
3.50
1/15/43
4
6
Government
National
Mortgage
Association,
Pool
#MA3376
................
3.50
1/20/46
6
6
Government
National
Mortgage
Association,
Pool
#MA2961
................
3.50
7/20/45
5
9
Government
National
Mortgage
Association,
Pool
#MA3173
................
3.50
10/20/45
9
23
Government
National
Mortgage
Association,
Pool
#MA8199
................
3.50
8/20/52
21
7
Government
National
Mortgage
Association,
Pool
#MA3597
................
3.50
4/20/46
6
4
Government
National
Mortgage
Association,
Pool
#MA6339
................
3.50
12/20/49
4
136
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
4
Government
National
Mortgage
Association,
Pool
#MA6219
................
3.50
10/20/49
$
3
5
Government
National
Mortgage
Association,
Pool
#MA5019
................
3.50
2/20/48
5
3
Government
National
Mortgage
Association,
Pool
#AB9211
................
3.50
11/15/42
3
7
Government
National
Mortgage
Association,
Pool
#MA2371
................
3.50
11/20/44
7
3
Government
National
Mortgage
Association,
Pool
#MA3454
................
3.50
2/20/46
3
4
Government
National
Mortgage
Association,
Pool
#MA5191
................
3.50
5/20/48
4
13
Government
National
Mortgage
Association,
Pool
#MA0699
................
3.50
1/20/43
12
7
Government
National
Mortgage
Association,
Pool
#MA3736
................
3.50
6/20/46
6
7
Government
National
Mortgage
Association,
Pool
#MA4321
................
3.50
3/20/47
7
5
Government
National
Mortgage
Association,
Pool
#MA2826
................
3.50
5/20/45
5
16
Government
National
Mortgage
Association,
Pool
#MA1157
................
3.50
7/20/43
14
3
Government
National
Mortgage
Association,
Pool
#MA5762
................
3.50
2/20/49
3
5
Government
National
Mortgage
Association,
Pool
#MA3244
................
3.50
11/20/45
5
9
Government
National
Mortgage
Association,
Pool
#MA3737
................
4.00
6/20/46
9
26
Government
National
Mortgage
Association,
Pool
#MA1091
................
4.00
6/20/43
25
3
Government
National
Mortgage
Association,
Pool
#MA4263
................
4.00
2/20/47
3
6
Government
National
Mortgage
Association,
Pool
#MA6040
................
4.00
7/20/49
6
6
Government
National
Mortgage
Association,
Pool
#MA4511
................
4.00
6/20/47
6
3
Government
National
Mortgage
Association,
Pool
#MA5876
................
4.00
4/20/49
2
3
Government
National
Mortgage
Association,
Pool
#MA3245
................
4.00
11/20/45
3
3
Government
National
Mortgage
Association,
Pool
#MA3377
................
4.00
1/20/46
3
2
Government
National
Mortgage
Association,
Pool
#MA5710
................
4.00
1/20/49
2
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
24
Government
National
Mortgage
Association,
Pool
#MA8488
................
4.00
12/20/52
22
6
Government
National
Mortgage
Association,
Pool
#MA1996
................
4.00
6/20/44
5
3
Government
National
Mortgage
Association,
Pool
#MA5595
................
4.00
11/20/48
3
3
Government
National
Mortgage
Association,
Pool
#MA5651
................
4.00
12/20/48
3
3
Government
National
Mortgage
Association,
Pool
#MA4653
................
4.00
8/20/47
3
3
Government
National
Mortgage
Association,
Pool
#MA4322
................
4.00
3/20/47
3
4
Government
National
Mortgage
Association,
Pool
#MA3522
................
4.00
3/20/46
4
23
Government
National
Mortgage
Association,
Pool
#MA8200
................
4.00
8/20/52
22
7
Government
National
Mortgage
Association,
Pool
#MA6091
................
4.00
8/20/49
7
24
Government
National
Mortgage
Association,
Pool
#MA8877
................
4.50
5/20/53
23
13
Government
National
Mortgage
Association,
Pool
#721760
.................
4.50
8/15/40
13
4
Government
National
Mortgage
Association,
Pool
#MA2373
................
4.50
11/20/44
4
22
Government
National
Mortgage
Association,
Pool
#4801
..................
4.50
9/20/40
22
6
Government
National
Mortgage
Association,
Pool
#MA2756
................
4.50
4/20/45
6
2
Government
National
Mortgage
Association,
Pool
#MA5818
................
4.50
3/20/49
2
5
Government
National
Mortgage
Association,
Pool
#MA5764
................
4.50
2/20/49
5
2
Government
National
Mortgage
Association,
Pool
#MA5193
................
4.50
5/20/48
2
5
Government
National
Mortgage
Association,
Pool
#MA5399
................
4.50
8/20/48
5
2
Government
National
Mortgage
Association,
Pool
#MA5596
................
4.50
11/20/48
2
3
Government
National
Mortgage
Association,
Pool
#MA4721
................
4.50
9/20/47
3
24
Government
National
Mortgage
Association,
Pool
#MA8724
................
4.50
3/20/53
23
8
Government
National
Mortgage
Association,
Pool
#MA5987
................
4.50
6/20/49
7
3
Government
National
Mortgage
Association,
Pool
#MA1762
................
4.50
3/20/44
3
25
Government
National
Mortgage
Association,
Pool
#MA9016
................
5.00
7/20/53
24
24
Government
National
Mortgage
Association,
Pool
#MA8800
................
5.00
4/20/53
24
25
Government
National
Mortgage
Association,
Pool
#MA9170
................
5.00
9/20/53
24
2
Government
National
Mortgage
Association,
Pool
#MA5653
................
5.00
12/20/48
2
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
11
Government
National
Mortgage
Association,
Pool
#697946
.................
5.00
3/15/39
11
3
Government
National
Mortgage
Association,
Pool
#MA5933
................
5.00
5/20/49
3
13
Government
National
Mortgage
Association,
Pool
#4559
..................
5.00
10/20/39
14
24
Government
National
Mortgage
Association,
Pool
#MA9017
................
5.50
7/20/53
24
25
Government
National
Mortgage
Association,
Pool
#MA9362
................
5.50
12/20/53
25
25
Government
National
Mortgage
Association,
Pool
#MA9305
................
5.50
11/20/53
25
137
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
24
Government
National
Mortgage
Association,
Pool
#MA9018
................
6.00
7/20/53
$
24
25
Government
National
Mortgage
Association,
30
YR
TBA
..................
2.00
4/20/54
20
25
Government
National
Mortgage
Association,
30
YR
TBA
..................
3.00
5/20/54
22
25
Government
National
Mortgage
Association,
30
YR
TBA
..................
3.50
4/20/54
23
25
Government
National
Mortgage
Association,
30
YR
TBA
..................
3.50
5/20/54
23
50
Government
National
Mortgage
Association,
30
YR
TBA
..................
4.00
4/20/54
47
25
Government
National
Mortgage
Association,
30
YR
TBA
..................
4.50
4/20/54
24
50
Government
National
Mortgage
Association,
30
YR
TBA
..................
5.00
4/20/54
48
50
Government
National
Mortgage
Association,
30
YR
TBA
..................
5.50
4/20/54
49
75
Government
National
Mortgage
Association,
30
YR
TBA
..................
6.00
4/20/54
75
75
Government
National
Mortgage
Association,
30
YR
TBA
..................
6.50
4/20/54
75
Total
U.S.
Government
Agency
Mortgages
...........................
9,345
U.S.
Government
Agency
Securities
—
0.54%
25
Fannie
Mae
...................................................
0.75
10/8/27
22
25
Fannie
Mae,
Callable
6/18/24
@
100.00
...............................
0.88
12/18/26
23
10
Fannie
Mae
...................................................
5.63
7/15/37
11
20
Fannie
Mae
...................................................
6.63
11/15/30
23
28
Federal
Farm
Credit
Bank,
Callable
4/11/24
@
100.00
....................
1.55
7/26/30
23
30
Federal
Farm
Credit
Bank
.........................................
4.13
1/25/27
30
20
Federal
Farm
Credit
Bank
.........................................
4.50
3/2/26
20
30
Federal
Farm
Credit
Bank,
Callable
7/2/24
@
100.00
.....................
5.94
1/2/36
30
15
Federal
Home
Loan
Bank
.........................................
2.50
6/12/26
14
25
Federal
Home
Loan
Bank
.........................................
3.25
11/16/28
24
55
Federal
Home
Loan
Bank
.........................................
4.38
3/13/26
54
30
Federal
Home
Loan
Banks,
Callable
5/26/24
@
100.00
....................
0.90
2/26/27
27
10
Freddie
Mac
..................................................
0.00(b)
11/15/38
5
50
Freddie
Mac
..................................................
0.38
7/21/25
47
5
Freddie
Mac
..................................................
0.38
9/23/25
5
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
25
10
Tennessee
Valley
Authority
........................................
4.25
9/15/52
9
Total
U.S.
Government
Agency
Securities
............................
424
Corporate
Bonds
—
14.18%
145
AbbVie,
Inc.
(Biotechnology)  
.....................................
4.40
11/6/42
131
45
Air
Products
and
Chemicals,
Inc.
(Chemicals),
Callable
11/15/39
@
100.00 
.....
2.70
5/15/40
33
125
Amgen,
Inc.
(Biotechnology),
Callable
2/1/25
@
100.00 
..................
3.13
5/1/25
122
80
Amgen,
Inc.
(Biotechnology),
Callable
8/21/39
@
100.00 
..................
3.15
2/21/40
61
65
Amgen,
Inc.
(Biotechnology),
Callable
12/15/50
@
100.00 
.................
4.66
6/15/51
58
10
Anheuser-Busch
Cos.
LLC/Anheuser-Busch
InBev
Worldwide,
Inc.
(Beverages),
Callable
8/1/45
@
100.00 
....................................
4.90
2/1/46
10
160
Anheuser-Busch
InBev
Worldwide,
Inc.
(Beverages)  
.....................
4.95
1/15/42
156
160
Apple,
Inc.
(Technology
Hardware,
Storage
&
Peripherals),
Callable
8/23/45
@
100.00 
..................................................
4.65
2/23/46
154
45
AT&T,
Inc.
(Diversified
Telecommunication
Services),
Callable
11/1/31
@
100.00 
2.25
2/1/32
37
148
AT&T,
Inc.
(Diversified
Telecommunication
Services),
Callable
3/15/55
@
100.00 
3.55
9/15/55
103
55
AT&T,
Inc.
(Diversified
Telecommunication
Services),
Callable
9/9/48
@
100.00 
.
4.55
3/9/49
47
95
Atmos
Energy
Corp.
(Gas
Utilities),
Callable
7/15/42
@
100.00 
.............
4.15
1/15/43
83
470
Bank
of
America
Corp.
(Banks),
Callable
4/22/31
@
100.00 
................
2.69
(SOFR
+
132
bps)(c)
4/22/32
395
150
Bank
of
America
Corp.,
MTN
(Banks),
Callable
2/7/29
@
100.00 
...........
3.97
(TSFR3M
+
147
bps)(c)
2/7/30
142
40
Berkshire
Hathaway
Energy
Co.
(Oil,
Gas
&
Consumable
Fuels),
Callable
8/1/44
@
100.00 
..................................................
4.50
2/1/45
36
138
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
Corporate
Bonds
(continued)
$
55
BP
Capital
Markets
America,
Inc.
(Oil,
Gas
&
Consumable
Fuels),
Callable
8/24/49
@
100.00 
................................................
3.00
2/24/50
$
37
100
Bristol-Myers
Squibb
Co.
(Pharmaceuticals),
Callable
4/26/49
@
100.00 
.......
4.25
10/26/49
85
157
Brown
&
Brown,
Inc.
(Insurance),
Callable
12/15/30
@
100.00 
.............
2.38
3/15/31
130
75
Bunge
Ltd.
Finance
Corp.
(Consumer
Staples
Distribution
&
Retail),
Callable
2/14/31
@
100.00 
..........................................
2.75
5/14/31
64
180
Capital
One
Financial
Corp.
(Consumer
Finance),
Callable
2/1/28
@
100.00 
....
5.47
(SOFR
+
208
bps)(c)
2/1/29
179
50
Carlisle
Cos.,
Inc.
(Building
Products),
Callable
12/1/31
@
100.00 
...........
2.20
3/1/32
40
190
Charter
Communications
Operating
LLC/Charter
Communications
Operating
Capital
(Media),
Callable
1/1/31
@
100.00 
..............................
2.80
4/1/31
155
185
Citigroup,
Inc.
(Banks),
Callable
3/17/32
@
100.00 
......................
3.79
(SOFR
+
194
bps)(c)
3/17/33
165
175
Citigroup,
Inc.
(Banks),
Callable
3/31/30
@
100.00 
......................
4.41
(SOFR
+
391
bps)(c)
3/31/31
166
155
Collins
Aerospace
(Aerospace
&
Defense),
Callable
12/15/26
@
100.00 
.......
3.50
3/15/27
147
155
Comcast
Corp.
(Media),
Callable
5/1/49
@
100.00 
.......................
4.00
11/1/49
126
25
Comcast
Corp.
(Media)  
..........................................
4.65
7/15/42
23
40
Consolidated
Edison
Co.
of
New
York,
Inc.
(Electric
Utilities),
Callable
9/15/43
@
100.00 
..................................................
4.45
3/15/44
35
20
Consolidated
Edison
Co.
of
New
York,
Inc.,
Series
2008-B
(Electric
Utilities)  
...
6.75
4/1/38
22
110
Constellation
Brands,
Inc.
(Beverages),
Callable
2/1/33
@
100.00 
............
4.90
5/1/33
108
115
CSX
Corp.
(Ground
Transportation)  
.................................
6.22
4/30/40
125
120
CVS
Health
Corp.
(Health
Care
Providers
&
Services),
Callable
9/25/37
@
100.00 
4.78
3/25/38
111
60
CVS
Health
Corp.
(Health
Care
Providers
&
Services),
Callable
1/20/45
@
100.00 
5.13
7/20/45
55
185
Dell
International
LLC/EMC
Corp.
(Technology
Hardware,
Storage
&
Peripherals),
Callable
8/1/26
@
100.00 
....................................
4.90
10/1/26
184
25
Dell
International
LLC/EMC
Corp.
(Technology
Hardware,
Storage
&
Peripherals),
Callable
1/15/34
@
100.00 
....................................
5.40
4/15/34
25
73
Devon
Energy
Corp.
(Oil,
Gas
&
Consumable
Fuels),
Callable
1/15/41
@
100.00 
.
5.60
7/15/41
70
135
Digital
Realty
Trust
LP
(Specialized
REITs),
Callable
4/15/28
@
100.00 
.......
4.45
7/15/28
130
35
Duke
Energy
Carolinas
LLC
(Electric
Utilities),
Callable
6/15/41
@
100.00 
.....
4.25
12/15/41
30
50
Duke
Energy
Progress
LLC
(Electric
Utilities),
Callable
2/15/45
@
100.00 
.....
4.20
8/15/45
42
160
EIDP,
Inc.
(Chemicals),
Callable
6/15/25
@
100.00 
......................
1.70
7/15/25
153
15
Elevance
Health,
Inc.
(Health
Care
Providers
&
Services)  
.................
4.63
5/15/42
14
60
Elevance
Health,
Inc.
(Health
Care
Providers
&
Services)  
.................
4.65
1/15/43
54
95
Energy
Transfer
LP
(Oil,
Gas
&
Consumable
Fuels),
Callable
7/15/42
@
100.00 
.
4.95
1/15/43
83
110
Energy
Transfer
LP
(Oil,
Gas
&
Consumable
Fuels),
Callable
2/1/26
@
103.69 
..
7.38
2/1/31
115
99
Enterprise
Products
Operating
LLC
(Oil,
Gas
&
Consumable
Fuels),
Callable
9/15/43
@
100.00 
..........................................
4.85
3/15/44
92
159
FedEx
Corp.
Pass
Through
Trust,
Series
2020-1,
Class
-
AA
(Air
Freight
&
Logistics)  
...............................................
1.88
2/20/34
131
45
Fiserv,
Inc.
(Financial
Services),
Callable
12/2/32
@
100.00 
................
5.60
3/2/33
46
115
Ford
Motor
Co.
(Automobiles),
Callable
11/12/31
@
100.00 
................
3.25
2/12/32
96
200
Ford
Motor
Credit
Co.
LLC
(Financial
Services)  
........................
4.13
8/4/25
196
45
General
Motors
Co.
(Automobiles),
Callable
9/1/25
@
100.00 
..............
6.13
10/1/25
45
55
General
Motors
Financial
Co.,
Inc.
(Specialty
Retail),
Callable
1/26/25
@
100.00 
.
2.90
2/26/25
54
150
General
Motors
Financial
Co.,
Inc.
(Specialty
Retail),
Callable
2/6/30
@
100.00 
.
5.85
4/6/30
153
70
Georgia
Power
Co.
(Electric
Utilities)  
...............................
4.30
3/15/42
61
66
Gilead
Sciences,
Inc.
(Biotechnology),
Callable
8/1/44
@
100.00 
............
4.50
2/1/45
59
150
HCA,
Inc.
(Health
Care
Providers
&
Services)  
.........................
5.38
2/1/25
150
70
HCA,
Inc.
(Health
Care
Providers
&
Services),
Callable
3/1/33
@
100.00 
......
5.50
6/1/33
70
60
Howmet
Aerospace,
Inc.
(Aerospace
&
Defense),
Callable
4/1/25
@
100.00 
....
6.88
5/1/25
61
95
Intel
Corp.
(Semiconductors
&
Semiconductor
Equipment),
Callable
6/8/47
@
100.00 
..................................................
3.73
12/8/47
73
50
International
Business
Machines
Corp.
(IT
Services)  
.....................
4.00
6/20/42
42
40
International
Paper
Co.
(Containers
&
Packaging),
Callable
5/15/41
@
100.00 
...
6.00
11/15/41
41
420
JPMorgan
Chase
&
Co.
(Banks),
Callable
4/22/31
@
100.00 
................
2.58
(TSFR3M
+
125
bps)(c)
4/22/32
353
139
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
Corporate
Bonds
(continued)
$
140
JPMorgan
Chase
&
Co.
(Banks),
Callable
1/29/26
@
100.00 
................
3.96
(TSFR3M
+
151
bps)(c)
1/29/27
$
137
100
Kinder
Morgan,
Inc.
(Oil,
Gas
&
Consumable
Fuels),
Callable
12/1/44
@
100.00 
.
5.55
6/1/45
95
60
Lincoln
National
Corp.
(Insurance),
Callable
10/15/29
@
100.00 
............
3.05
1/15/30
53
80
Lincoln
National
Corp.
(Insurance),
Callable
10/15/30
@
100.00 
............
3.40
1/15/31
70
105
Lowe's
Cos.,
Inc.
(Specialty
Retail),
Callable
1/15/33
@
100.00 
.............
5.00
4/15/33
104
55
Martin
Marietta
Materials,
Inc.
(Construction
Materials),
Callable
4/15/31
@
100.00 
2.40
7/15/31
46
80
Marvell
Technology,
Inc.
(Semiconductors
&
Semiconductor
Equipment),
Callable
1/15/31
@
100.00 
..........................................
2.95
4/15/31
69
25
Marvell
Technology,
Inc.
(Semiconductors
&
Semiconductor
Equipment),
Callable
6/15/33
@
100.00 
..........................................
5.95
9/15/33
26
215
Microchip
Technology,
Inc.
(Semiconductors
&
Semiconductor
Equipment),
Callable
5/6/24
@
101.06 
...........................................
4.25
9/1/25
211
120
Microsoft
Corp.
(Software),
Callable
2/8/46
@
100.00 
....................
3.70
8/8/46
102
55
Mohawk
Industries,
Inc.
(Household
Durables),
Callable
2/15/30
@
100.00 
.....
3.63
5/15/30
51
300
Morgan
Stanley,
MTN
(Capital
Markets),
Callable
7/20/26
@
100.00 
.........
1.51
(SOFR
+
86
bps)(c)
7/20/27
275
285
Morgan
Stanley
(Capital
Markets),
Callable
1/21/32
@
100.00 
..............
2.94
(SOFR
+
129
bps)(c)
1/21/33
241
95
National
Rural
Utilities
Cooperative
Finance
Corp.
(Financial
Services),
Callable
7/15/32
@
100.00 
..........................................
5.80
1/15/33
99
80
NextEra
Energy
Capital
Holdings,
Inc.
(Electric
Utilities),
Callable
11/28/32
@
100.00 
..................................................
5.05
2/28/33
79
75
NextEra
Energy
Capital
Holdings,
Inc.
(Electric
Utilities),
Callable
8/28/52
@
100.00 
..................................................
5.25
2/28/53
71
85
NNN
REIT,
Inc.
(Retail
REITs),
Callable
1/15/30
@
100.00 
................
2.50
4/15/30
73
40
NNN
REIT,
Inc.
(Retail
REITs),
Callable
7/15/33
@
100.00 
................
5.60
10/15/33
40
75
Northrop
Grumman
Corp.
(Aerospace
&
Defense),
Callable
4/15/47
@
100.00 
..
4.03
10/15/47
61
35
Nucor
Corp.
(Metals
&
Mining),
Callable
2/1/43
@
100.00 
.................
5.20
8/1/43
35
45
Oklahoma
Gas
and
Electric
Co.
(Electric
Utilities),
Callable
10/1/52
@
100.00 
..
5.60
4/1/53
45
70
Oracle
Corp.
(Software),
Callable
11/15/44
@
100.00 
....................
4.13
5/15/45
56
165
Ovintiv,
Inc.
(Oil,
Gas
&
Consumable
Fuels),
Callable
10/1/25
@
100.00 
......
5.38
1/1/26
164
80
Philip
Morris
International,
Inc.
(Tobacco)  
............................
4.50
3/20/42
70
70
Principal
Financial
Group,
Inc.
(Insurance),
Callable
3/15/30
@
100.00 
........
2.13
6/15/30
59
85
Progress
Energy,
Inc.
(Multi-Utilities)  
...............................
6.00
12/1/39
86
55
Prudential
Financial,
Inc.
(Insurance)  
................................
4.60
5/15/44
49
15
Prudential
Financial,
Inc.
(Insurance)  
................................
6.63
6/21/40
17
30
Public
Service
Electric
and
Gas
Co.
(Electric
Utilities),
Callable
3/1/42
@
100.00 
3.65
9/1/42
24
95
Reliance,
Inc.
(Metals
&
Mining),
Callable
7/15/25
@
100.00 
...............
1.30
8/15/25
90
40
Reliance,
Inc.
(Metals
&
Mining),
Callable
5/15/30
@
100.00 
...............
2.15
8/15/30
34
50
Roper
Technologies,
Inc.
(Software),
Callable
3/30/30
@
100.00 
.............
2.00
6/30/30
42
115
RTX
Corp.
(Aerospace
&
Defense)  
.................................
4.50
6/1/42
102
80
Sabra
Health
Care
LP
(Health
Care
REITs),
Callable
9/1/31
@
100.00 
.........
3.20
12/1/31
66
80
Southern
Co.
Gas
Capital
Corp.
(Gas
Utilities),
Callable
11/30/46
@
100.00 
....
4.40
5/30/47
66
45
Sysco
Corp.
(Consumer
Staples
Distribution
&
Retail),
Callable
10/17/33
@
100.00 
6.00
1/17/34
48
205
The
Goldman
Sachs
Group,
Inc.
(Capital
Markets),
Callable
7/21/31
@
100.00 
..
2.38
(SOFR
+
125
bps)(c)
7/21/32
168
155
The
Goldman
Sachs
Group,
Inc.
(Capital
Markets),
Callable
6/5/27
@
100.00 
...
3.69
(TSFR3M
+
177
bps)(c)
6/5/28
148
55
The
Home
Depot,
Inc.
(Specialty
Retail),
Callable
6/6/48
@
100.00 
..........
4.50
12/6/48
49
40
The
Home
Depot,
Inc.
(Specialty
Retail),
Callable
3/15/40
@
100.00 
..........
5.40
9/15/40
41
125
The
Interpublic
Group
of
Cos.,
Inc.
(Media)  
...........................
4.20
4/15/24
125
25
The
Interpublic
Group
of
Cos.,
Inc.
(Media),
Callable
4/1/48
@
100.00 
........
5.40
10/1/48
23
100
The
PNC
Financial
Services
Group,
Inc.
(Banks),
Callable
1/22/34
@
100.00 
...
5.68
(SOFR
+
190
bps)(c)
1/22/35
100
60
The
Travelers
Cos.,
Inc.
(Insurance)  
.................................
5.35
11/1/40
61
40
The
Walt
Disney
Co.
(Entertainment),
Callable
3/15/44
@
100.00 
............
4.75
9/15/44
38
40
T-Mobile
USA,
Inc.
(Wireless
Telecommunication
Services),
Callable
4/15/33
@
100.00 
..................................................
5.05
7/15/33
40
140
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
Corporate
Bonds
(continued)
$
70
T-Mobile
USA,
Inc.
(Wireless
Telecommunication
Services),
Callable
7/15/52
@
100.00 
..................................................
5.65
1/15/53
$
71
85
Truist
Financial
Corp.,
MTN
(Banks),
Callable
1/24/34
@
100.00 
...........
5.71
(SOFR
+
192
bps)(c)
1/24/35
85
30
UDR,
Inc.,
MTN
(Residential
REITs),
Callable
5/1/32
@
100.00 
............
2.10
8/1/32
23
55
UDR,
Inc.
(Residential
REITs),
Callable
5/15/31
@
100.00 
.................
3.00
8/15/31
48
45
UnitedHealth
Group,
Inc.
(Health
Care
Providers
&
Services),
Callable
5/15/41
@
100.00 
..................................................
4.63
11/15/41
42
35
UnitedHealth
Group,
Inc.
(Health
Care
Providers
&
Services)  
..............
4.75
7/15/45
33
70
Valero
Energy
Corp.
(Oil,
Gas
&
Consumable
Fuels)  
.....................
6.63
6/15/37
76
70
Ventas
Realty
LP
(Diversified
REITs),
Callable
6/1/31
@
100.00 
.............
2.50
9/1/31
58
25
Ventas
Realty
LP
(Diversified
REITs),
Callable
11/1/24
@
100.00 
............
3.50
2/1/25
24
120
Ventas
Realty
LP
(Diversified
REITs)  
................................
3.75
5/1/24
120
40
Ventas
Realty
LP
(Diversified
REITs),
Callable
10/15/28
@
100.00 
...........
4.40
1/15/29
38
40
Verizon
Communications,
Inc.
(Diversified
Telecommunication
Services),
Callable
12/15/31
@
100.00 
.........................................
2.36
3/15/32
33
207
Verizon
Communications,
Inc.
(Diversified
Telecommunication
Services),
Callable
9/22/40
@
100.00 
..........................................
3.40
3/22/41
162
85
Virginia
Electric
and
Power
Co.,
Series
B
(Electric
Utilities),
Callable
3/15/47
@
100.00 
..................................................
3.80
9/15/47
66
80
Warnermedia
Holdings,
Inc.
(Diversified
Telecommunication
Services),
Callable
12/15/31
@
100.00 
.........................................
4.28
3/15/32
71
135
Wells
Fargo
&
Co.,
MTN
(Banks),
Callable
10/30/29
@
100.00 
.............
2.88
(TSFR3M
+
143
bps)(c)
10/30/30
119
210
Wells
Fargo
&
Co.,
MTN
(Banks),
Callable
5/22/27
@
100.00 
..............
3.58
(TSFR3M
+
157
bps)(c)
5/22/28
200
145
Wells
Fargo
&
Co.
(Banks),
Callable
7/25/32
@
100.00 
...................
4.90
(SOFR
+
210
bps)(c)
7/25/33
139
55
WestRock
MWV
LLC
(Containers
&
Packaging)  
.......................
8.20
1/15/30
63
Total
Corporate
Bonds
..........................................
11,184
U.S.
Treasury
Obligations
—
27.14%
120
U.S.
Treasury
Bond
.............................................
1.13
5/15/40
75
68
U.S.
Treasury
Bond
.............................................
1.13
8/15/40
42
125
U.S.
Treasury
Bond
.............................................
1.25
5/15/50
64
133
U.S.
Treasury
Bond
.............................................
1.38
11/15/40
85
170
U.S.
Treasury
Bond
.............................................
1.38
8/15/50
90
140
U.S.
Treasury
Bond
.............................................
1.63
11/15/50
79
100
U.S.
Treasury
Bond
.............................................
1.75
8/15/41
67
96
U.S.
Treasury
Bond
.............................................
1.88
2/15/51
58
140
U.S.
Treasury
Bond
.............................................
1.88
2/15/41
98
148
U.S.
Treasury
Bond
.............................................
1.88
11/15/51
89
106
U.S.
Treasury
Bond
.............................................
2.00
2/15/50
66
145
U.S.
Treasury
Bond
.............................................
2.00
11/15/41
102
159
U.S.
Treasury
Bond
.............................................
2.00
8/15/51
98
117
U.S.
Treasury
Bond
.............................................
2.25
8/15/46
80
173
U.S.
Treasury
Bond
.............................................
2.25
2/15/52
114
31
U.S.
Treasury
Bond
.............................................
2.25
8/15/49
21
100
U.S.
Treasury
Bond
.............................................
2.25
5/15/41
74
110
U.S.
Treasury
Bond
.............................................
2.38
5/15/51
75
110
U.S.
Treasury
Bond
.............................................
2.38
2/15/42
82
96
U.S.
Treasury
Bond
.............................................
2.38
11/15/49
66
75
U.S.
Treasury
Bond
.............................................
2.50
5/15/46
54
80
U.S.
Treasury
Bond
.............................................
2.50
2/15/46
58
50
U.S.
Treasury
Bond
.............................................
2.50
2/15/45
37
80
U.S.
Treasury
Bond
.............................................
2.75
11/15/47
60
55
U.S.
Treasury
Bond
.............................................
2.75
8/15/47
41
10
U.S.
Treasury
Bond
.............................................
2.75
11/15/42
8
141
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Treasury
Obligations
(continued)
$
50
U.S.
Treasury
Bond
.............................................
2.88
8/15/45
$
39
65
U.S.
Treasury
Bond
.............................................
2.88
11/15/46
50
147
U.S.
Treasury
Bond
.............................................
2.88
5/15/52
111
75
U.S.
Treasury
Bond
.............................................
2.88
5/15/43
60
94
U.S.
Treasury
Bond
.............................................
2.88
5/15/49
71
50
U.S.
Treasury
Bond
.............................................
3.00
11/15/45
40
75
U.S.
Treasury
Bond
.............................................
3.00
2/15/47
59
20
U.S.
Treasury
Bond
.............................................
3.00
2/15/49
16
55
U.S.
Treasury
Bond
.............................................
3.00
5/15/47
43
50
U.S.
Treasury
Bond
.............................................
3.00
2/15/48
39
95
U.S.
Treasury
Bond
.............................................
3.00
8/15/48
74
115
U.S.
Treasury
Bond
.............................................
3.00
8/15/52
89
100
U.S.
Treasury
Bond
.............................................
3.00
11/15/44
80
45
U.S.
Treasury
Bond
.............................................
3.00
5/15/45
36
25
U.S.
Treasury
Bond
.............................................
3.13
11/15/41
21
22
U.S.
Treasury
Bond
.............................................
3.13
8/15/44
18
80
U.S.
Treasury
Bond
.............................................
3.13
5/15/48
64
90
U.S.
Treasury
Bond
.............................................
3.13
2/15/43
75
125
U.S.
Treasury
Bond
.............................................
3.25
5/15/42
106
30
U.S.
Treasury
Bond
.............................................
3.38
11/15/48
25
10
U.S.
Treasury
Bond
.............................................
3.38
8/15/42
9
35
U.S.
Treasury
Bond
.............................................
3.38
5/15/44
30
8
U.S.
Treasury
Bond
.............................................
3.50
2/15/39
7
135
U.S.
Treasury
Bond
.............................................
3.63
5/15/53
119
75
U.S.
Treasury
Bond
.............................................
3.63
8/15/43
67
98
U.S.
Treasury
Bond
.............................................
3.63
2/15/53
86
90
U.S.
Treasury
Bond
.............................................
3.63
2/15/44
80
75
U.S.
Treasury
Bond
.............................................
3.75
11/15/43
68
33
U.S.
Treasury
Bond
.............................................
3.75
8/15/41
30
30
U.S.
Treasury
Bond
.............................................
3.88
2/15/43
28
10
U.S.
Treasury
Bond
.............................................
3.88
8/15/40
9
35
U.S.
Treasury
Bond
.............................................
3.88
5/15/43
32
73
U.S.
Treasury
Bond
.............................................
4.00
11/15/52
69
25
U.S.
Treasury
Bond
.............................................
4.00
11/15/42
24
135
U.S.
Treasury
Bond
.............................................
4.13
8/15/53
130
70
U.S.
Treasury
Bond
.............................................
4.25
2/15/54
69
75
U.S.
Treasury
Bond
.............................................
4.25
11/15/40
74
15
U.S.
Treasury
Bond
.............................................
4.38
5/15/40
15
30
U.S.
Treasury
Bond
.............................................
4.38
8/15/43
30
35
U.S.
Treasury
Bond
.............................................
4.38
5/15/41
35
25
U.S.
Treasury
Bond
.............................................
4.38
11/15/39
25
25
U.S.
Treasury
Bond
.............................................
4.38
2/15/38
25
65
U.S.
Treasury
Bond
.............................................
4.50
2/15/36
68
30
U.S.
Treasury
Bond
.............................................
4.50
2/15/44
30
35
U.S.
Treasury
Bond
.............................................
4.63
2/15/40
36
25
U.S.
Treasury
Bond
.............................................
4.75
2/15/37
27
25
U.S.
Treasury
Bond
.............................................
4.75
11/15/43
26
70
U.S.
Treasury
Bond
.............................................
4.75
2/15/41
73
80
U.S.
Treasury
Bond
.............................................
4.75
11/15/53
85
40
U.S.
Treasury
Bond
.............................................
5.00
5/15/37
43
20
U.S.
Treasury
Bond
.............................................
5.25
2/15/29
21
40
U.S.
Treasury
Bond
.............................................
5.38
2/15/31
43
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
39
50
U.S.
Treasury
Bond
.............................................
6.88
8/15/25
51
50
U.S.
Treasury
Note
..............................................
0.25
5/31/25
47
75
U.S.
Treasury
Note
..............................................
0.25
10/31/25
70
60
U.S.
Treasury
Note
..............................................
0.25
8/31/25
56
142
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Treasury
Obligations
(continued)
$
55
U.S.
Treasury
Note
..............................................
0.25
9/30/25
$
51
30
U.S.
Treasury
Note
..............................................
0.25
7/31/25
28
25
U.S.
Treasury
Note
..............................................
0.38
12/31/25
23
30
U.S.
Treasury
Note
..............................................
0.38
11/30/25
28
35
U.S.
Treasury
Note
..............................................
0.38
9/30/27
31
115
U.S.
Treasury
Note
..............................................
0.38
7/31/27
101
80
U.S.
Treasury
Note
..............................................
0.38
4/30/25
76
82
U.S.
Treasury
Note
..............................................
0.38
1/31/26
76
5
U.S.
Treasury
Note
..............................................
0.50
4/30/27
4
45
U.S.
Treasury
Note
..............................................
0.50
2/28/26
42
100
U.S.
Treasury
Note
..............................................
0.50
10/31/27
87
105
U.S.
Treasury
Note
..............................................
0.50
6/30/27
93
100
U.S.
Treasury
Note
..............................................
0.50
8/31/27
88
85
U.S.
Treasury
Note
..............................................
0.63
11/30/27
74
250
U.S.
Treasury
Note
..............................................
0.63
8/15/30
200
80
U.S.
Treasury
Note
..............................................
0.63
12/31/27
70
140
U.S.
Treasury
Note
..............................................
0.63
7/31/26
128
5
U.S.
Treasury
Note
..............................................
0.63
3/31/27
4
195
U.S.
Treasury
Note
..............................................
0.63
5/15/30
157
105
U.S.
Treasury
Note
..............................................
0.75
3/31/26
97
150
U.S.
Treasury
Note
..............................................
0.75
5/31/26
138
120
U.S.
Treasury
Note
..............................................
0.75
1/31/28
105
25
U.S.
Treasury
Note
..............................................
0.75
4/30/26
23
42
U.S.
Treasury
Note
..............................................
0.75
8/31/26
38
60
U.S.
Treasury
Note
..............................................
0.88
6/30/26
55
145
U.S.
Treasury
Note
..............................................
0.88
9/30/26
133
185
U.S.
Treasury
Note
..............................................
0.88
11/15/30
150
85
U.S.
Treasury
Note
..............................................
1.00
7/31/28
74
155
U.S.
Treasury
Note
..............................................
1.13
2/29/28
137
145
U.S.
Treasury
Note
..............................................
1.13
10/31/26
133
10
U.S.
Treasury
Note
..............................................
1.13
2/28/27
9
176
U.S.
Treasury
Note
..............................................
1.13
2/15/31
144
125
U.S.
Treasury
Note
..............................................
1.13
8/31/28
109
235
U.S.
Treasury
Note
..............................................
1.25
8/15/31
191
100
U.S.
Treasury
Note
..............................................
1.25
5/31/28
88
90
U.S.
Treasury
Note
..............................................
1.25
4/30/28
80
150
U.S.
Treasury
Note
..............................................
1.25
11/30/26
138
65
U.S.
Treasury
Note
..............................................
1.25
6/30/28
57
145
U.S.
Treasury
Note
..............................................
1.25
12/31/26
133
120
U.S.
Treasury
Note
..............................................
1.25
9/30/28
105
130
U.S.
Treasury
Note
..............................................
1.25
3/31/28
115
197
U.S.
Treasury
Note
..............................................
1.38
11/15/31
161
120
U.S.
Treasury
Note
..............................................
1.38
10/31/28
106
105
U.S.
Treasury
Note
..............................................
1.38
12/31/28
92
63
U.S.
Treasury
Note
..............................................
1.50
2/15/30
54
85
U.S.
Treasury
Note
..............................................
1.50
11/30/28
75
150
U.S.
Treasury
Note
..............................................
1.50
1/31/27
138
140
U.S.
Treasury
Note
..............................................
1.50
8/15/26
130
130
U.S.
Treasury
Note
..............................................
1.63
5/15/26
122
70
U.S.
Treasury
Note
..............................................
1.63
9/30/26
65
120
U.S.
Treasury
Note
..............................................
1.63
5/15/31
101
60
U.S.
Treasury
Note
..............................................
1.63
2/15/26
57
20
U.S.
Treasury
Note
..............................................
1.75
12/31/26
19
120
U.S.
Treasury
Note
..............................................
1.75
11/15/29
106
140
U.S.
Treasury
Note
..............................................
1.75
1/31/29
125
105
U.S.
Treasury
Note
..............................................
1.88
2/28/27
98
25
U.S.
Treasury
Note
..............................................
1.88
6/30/26
24
75
U.S.
Treasury
Note
..............................................
1.88
7/31/26
71
247
U.S.
Treasury
Note
..............................................
1.88
2/15/32
209
143
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Treasury
Obligations
(continued)
$
65
U.S.
Treasury
Note
..............................................
1.88
2/28/29
$
58
140
U.S.
Treasury
Note
..............................................
2.00
8/15/25
135
160
U.S.
Treasury
Note
..............................................
2.00
11/15/26
150
85
U.S.
Treasury
Note
..............................................
2.13
5/15/25
82
85
U.S.
Treasury
Note
..............................................
2.13
5/31/26
81
150
U.S.
Treasury
Note
..............................................
2.25
2/15/27
141
150
U.S.
Treasury
Note
..............................................
2.25
11/15/27
140
145
U.S.
Treasury
Note
..............................................
2.25
8/15/27
135
95
U.S.
Treasury
Note
..............................................
2.25
11/15/25
91
80
U.S.
Treasury
Note
..............................................
2.25
3/31/26
76
140
U.S.
Treasury
Note
..............................................
2.38
5/15/27
132
35
U.S.
Treasury
Note
..............................................
2.38
3/31/29
32
80
U.S.
Treasury
Note
..............................................
2.38
4/30/26
76
95
U.S.
Treasury
Note
..............................................
2.38
5/15/29
87
40
U.S.
Treasury
Note
..............................................
2.50
3/31/27
38
60
U.S.
Treasury
Note
..............................................
2.50
2/28/26
58
90
U.S.
Treasury
Note
..............................................
2.63
12/31/25
87
55
U.S.
Treasury
Note
..............................................
2.63
7/31/29
51
85
U.S.
Treasury
Note
..............................................
2.63
1/31/26
82
165
U.S.
Treasury
Note
..............................................
2.63
2/15/29
153
75
U.S.
Treasury
Note
..............................................
2.63
3/31/25
73
45
U.S.
Treasury
Note
..............................................
2.63
5/31/27
43
70
U.S.
Treasury
Note
..............................................
2.63
4/15/25
68
90
U.S.
Treasury
Note
..............................................
2.75
6/30/25
88
85
U.S.
Treasury
Note
..............................................
2.75
8/31/25
83
66
U.S.
Treasury
Note
..............................................
2.75
7/31/27
63
105
U.S.
Treasury
Note
..............................................
2.75
2/15/28
99
60
U.S.
Treasury
Note
..............................................
2.75
5/31/29
56
218
U.S.
Treasury
Note
..............................................
2.75
8/15/32
196
65
U.S.
Treasury
Note
..............................................
2.75
5/15/25
63
75
U.S.
Treasury
Note
..............................................
2.75
4/30/27
71
160
U.S.
Treasury
Note
..............................................
2.88
5/15/28
151
65
U.S.
Treasury
Note
..............................................
2.88
6/15/25
63
238
U.S.
Treasury
Note
..............................................
2.88
5/15/32
216
90
U.S.
Treasury
Note
..............................................
2.88
4/30/25
88
75
U.S.
Treasury
Note
..............................................
2.88
7/31/25
73
125
U.S.
Treasury
Note
..............................................
2.88
8/15/28
118
90
U.S.
Treasury
Note
..............................................
2.88
11/30/25
87
65
U.S.
Treasury
Note
..............................................
2.88
4/30/29
61
60
U.S.
Treasury
Note
..............................................
3.00
7/15/25
59
85
U.S.
Treasury
Note
..............................................
3.00
10/31/25
83
85
U.S.
Treasury
Note
..............................................
3.00
9/30/25
83
140
U.S.
Treasury
Note
..............................................
3.13
11/15/28
133
55
U.S.
Treasury
Note
..............................................
3.13
8/31/29
52
60
U.S.
Treasury
Note
..............................................
3.13
8/15/25
59
65
U.S.
Treasury
Note
..............................................
3.13
8/31/27
62
70
U.S.
Treasury
Note
..............................................
3.25
6/30/27
68
60
U.S.
Treasury
Note
..............................................
3.25
6/30/29
57
195
U.S.
Treasury
Note
..............................................
3.38
5/15/33
183
70
U.S.
Treasury
Note
..............................................
3.50
4/30/30
67
170
U.S.
Treasury
Note
..............................................
3.50
2/15/33
161
90
U.S.
Treasury
Note
..............................................
3.50
1/31/28
87
85
U.S.
Treasury
Note
..............................................
3.50
9/15/25
83
85
U.S.
Treasury
Note
..............................................
3.50
4/30/28
82
70
U.S.
Treasury
Note
..............................................
3.50
1/31/30
67
90
U.S.
Treasury
Note
..............................................
3.63
3/31/28
88
70
U.S.
Treasury
Note
..............................................
3.63
3/31/30
68
90
U.S.
Treasury
Note
..............................................
3.63
5/31/28
88
80
U.S.
Treasury
Note
..............................................
3.63
5/15/26
78
144
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Treasury
Obligations
(continued)
$
70
U.S.
Treasury
Note
..............................................
3.75
5/31/30
$
68
80
U.S.
Treasury
Note
..............................................
3.75
4/15/26
79
80
U.S.
Treasury
Note
..............................................
3.75
12/31/30
78
115
U.S.
Treasury
Note
..............................................
3.75
12/31/28
113
70
U.S.
Treasury
Note
..............................................
3.75
6/30/30
68
220
U.S.
Treasury
Note
..............................................
3.88
8/15/33
214
75
U.S.
Treasury
Note
..............................................
3.88
9/30/29
74
80
U.S.
Treasury
Note
..............................................
3.88
1/15/26
79
75
U.S.
Treasury
Note
..............................................
3.88
11/30/29
74
90
U.S.
Treasury
Note
..............................................
3.88
12/31/27
89
85
U.S.
Treasury
Note
..............................................
3.88
4/30/25
84
75
U.S.
Treasury
Note
..............................................
3.88
12/31/29
74
90
U.S.
Treasury
Note
..............................................
3.88
11/30/27
89
70
U.S.
Treasury
Note
..............................................
4.00
2/28/30
69
80
U.S.
Treasury
Note
..............................................
4.00
1/31/31
79
140
U.S.
Treasury
Note
..............................................
4.00
2/15/34
138
45
U.S.
Treasury
Note
..............................................
4.00
1/15/27
44
85
U.S.
Treasury
Note
..............................................
4.00
6/30/28
84
40
U.S.
Treasury
Note
..............................................
4.00
2/29/28
40
80
U.S.
Treasury
Note
..............................................
4.00
2/15/26
79
45
U.S.
Treasury
Note
..............................................
4.00
7/31/30
44
105
U.S.
Treasury
Note
..............................................
4.00
10/31/29
104
85
U.S.
Treasury
Note
..............................................
4.00
12/15/25
84
120
U.S.
Treasury
Note
..............................................
4.00
1/31/29
119
80
U.S.
Treasury
Note
..............................................
4.13
3/31/31
80
130
U.S.
Treasury
Note
..............................................
4.13
3/31/29
129
85
U.S.
Treasury
Note
..............................................
4.13
7/31/28
84
142
U.S.
Treasury
Note
..............................................
4.13
11/15/32
141
90
U.S.
Treasury
Note
..............................................
4.13
9/30/27
89
80
U.S.
Treasury
Note
..............................................
4.13
6/15/26
79
90
U.S.
Treasury
Note
..............................................
4.13
10/31/27
89
70
U.S.
Treasury
Note
..............................................
4.13
8/31/30
70
105
U.S.
Treasury
Note
..............................................
4.13
2/15/27
104
125
U.S.
Treasury
Note
..............................................
4.25
2/28/29
125
85
U.S.
Treasury
Note
..............................................
4.25
5/31/25
84
110
U.S.
Treasury
Note
..............................................
4.25
12/31/25
109
105
U.S.
Treasury
Note
..............................................
4.25
3/15/27
105
115
U.S.
Treasury
Note
..............................................
4.25
1/31/26
114
85
U.S.
Treasury
Note
..............................................
4.25
10/15/25
84
50
U.S.
Treasury
Note
..............................................
4.25
2/28/31
50
85
U.S.
Treasury
Note
..............................................
4.38
8/15/26
85
90
U.S.
Treasury
Note
..............................................
4.38
12/15/26
90
110
U.S.
Treasury
Note
..............................................
4.38
11/30/28
111
75
U.S.
Treasury
Note
..............................................
4.38
11/30/30
76
95
U.S.
Treasury
Note
..............................................
4.38
8/31/28
95
80
U.S.
Treasury
Note
..............................................
4.50
7/15/26
80
85
U.S.
Treasury
Note
..............................................
4.50
11/15/25
85
170
U.S.
Treasury
Note
..............................................
4.50
11/15/33
174
125
U.S.
Treasury
Note
..............................................
4.50
3/31/26
125
90
U.S.
Treasury
Note
..............................................
4.63
9/15/26
90
75
U.S.
Treasury
Note
..............................................
4.63
9/30/30
77
100
U.S.
Treasury
Note
..............................................
4.63
9/30/28
101
90
U.S.
Treasury
Note
..............................................
4.63
10/15/26
90
95
U.S.
Treasury
Note
..............................................
4.63
11/15/26
95
85
U.S.
Treasury
Note
..............................................
4.63
6/30/25
85
120
U.S.
Treasury
Note
..............................................
4.63
2/28/26
120
80
U.S.
Treasury
Note
..............................................
4.63
3/15/26
80
85
U.S.
Treasury
Note
..............................................
4.75
7/31/25
85
105
U.S.
Treasury
Note
..............................................
4.88
10/31/28
108
145
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Treasury
Obligations
(continued)
$
75
U.S.
Treasury
Note
..............................................
4.88
10/31/30
$
78
105
U.S.
Treasury
Note
..............................................
4.88
11/30/25
105
90
U.S.
Treasury
Note
..............................................
5.00
8/31/25
90
95
U.S.
Treasury
Note
..............................................
5.00
9/30/25
95
100
U.S.
Treasury
Note
..............................................
5.00
10/31/25
100
Total
U.S.
Treasury
Obligations
...................................
21,407
Yankee
Dollars
—
1.70%
45
America
Movil
SAB
de
CV
(Wireless
Telecommunication
Services)  
.........
6.13
11/15/37
47
185
Aptiv
PLC/Aptiv
Corp.
(Specialty
Retail),
Callable
4/15/24
@
100.00 
.........
2.40
2/18/25
179
30
BHP
Billiton
Finance
USA
Ltd.
(Metals
&
Mining),
Callable
6/8/33
@
100.00 
...
5.25
9/8/33
30
64
British
Telecommunications
PLC
(Diversified
Telecommunication
Services)  
....
9.63
12/15/30
78
170
Canadian
Natural
Resources
Ltd.
(Oil,
Gas
&
Consumable
Fuels),
Callable
6/15/25
@
100.00 
................................................
2.05
7/15/25
163
20
Canadian
Pacific
Railway
Co.
(Ground
Transportation),
Callable
6/2/51
@
100.00 
3.10
12/2/51
14
45
Canadian
Pacific
Railway
Co.
(Ground
Transportation)  
...................
7.13
10/15/31
50
40
Deutsche
Telekom
International
Finance
BV
(Diversified
Telecommunication
Services)  
................................................
8.75
6/15/30
47
80
Enbridge,
Inc.
(Oil,
Gas
&
Consumable
Fuels),
Callable
2/1/51
@
100.00 
......
3.40
8/1/51
56
50
Equinor
ASA
(Oil,
Gas
&
Consumable
Fuels)  
..........................
5.10
8/17/40
50
75
Iberdrola
International
BV
(Electric
Utilities)  
..........................
5.81
3/15/25
75
80
Iberdrola
International
BV
(Electric
Utilities)  
..........................
6.75
7/15/36
91
45
Nutrien
Ltd.
(Chemicals),
Callable
9/27/52
@
100.00 
.....................
5.80
3/27/53
46
60
Orange
SA
(Diversified
Telecommunication
Services)  
....................
9.00
3/1/31
73
125
Pfizer
Investment
Enterprises
Pte
Ltd.
(Capital
Markets),
Callable
11/19/42
@
100.00 
..................................................
5.11
5/19/43
122
70
Shell
International
Finance
BV
(Oil,
Gas
&
Consumable
Fuels)  
.............
4.55
8/12/43
65
35
Telefonica
Emisiones
SA
(Diversified
Telecommunication
Services)  
..........
7.05
6/20/36
39
70
The
Toronto-Dominion
Bank
(Banks)  
...............................
3.20
3/10/32
61
25
Vodafone
Group
PLC
(Wireless
Telecommunication
Services)  
..............
4.13
5/30/25
25
25
Vodafone
Group
PLC
(Wireless
Telecommunication
Services)  
..............
6.15
2/27/37
27
Total
Yankee
Dollars
............................................
1,338
Shares
Investment
Companies
—
44.21%
Domestic
Fixed
Income
—
38.97%
524,964
Vanguard
Intermediate-Term
Treasury
ETF
............................
30,737
Money
Market
Funds
—
5.24%
75,412
State
Street
Institutional
Treasury
Money
Market
Fund,
Premier
Class
.........
5.24(d)
75
4,055,113
State
Street
Institutional
Treasury
Plus
Money
Market
Fund,
Trust
Class
........
5.20(d)
4,055
4,130
Total
Investment
Companies
......................................
34,867
Total
Investments
(cost
$82,663)
—
100.56%
.........................
79,310
Liabilities
in
excess
of
other
assets
—
(0.56)%
.........................
(443)
Net
Assets
—
100.00%
..........................................
$
78,867
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
March
31,
2024.
(b)
Zero
Coupon
Security.
Effective
rate
shown
is
as
of
March
31,
2024.
(c)
Variable
Rate
Security.
The
rate
disclosed
is
the
rate
in
effect
on
March
31,
2024.
146
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(concluded)
—
March
31,
2024
(Unaudited)
The
following
table
reflects
the
percentage
of
total
net
assets
of
the
Portfolio
attributable
to
each
Specialist
Manager
as
of
March
31,
2024.
Amounts
designated
as
"—"
indicate
the
Specialist
Manager
did
not
manage
any
holdings
in
that
category. 
(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
Core
Fixed
Income
Portfolio
Agincourt
Capital
Management,
LLC
Mellon
Investments
Corporation
Parametric
Portfolio
Associates,
LLC
HC
Capital
Solutions
Total
Asset
Backed
Securities
..........................................................................................
—
0.22
%
—
—
0.22
%
Collateralized
Mortgage
Obligations
......................................................................
—
0.72
%
—
—
0.72
%
U.S.
Government
Agency
Mortgages
.....................................................................
—
11.85
%
—
—
11.85
%
U.S.
Government
Agency
Securities
......................................................................
—
0.54
%
—
—
0.54
%
Corporate
Bonds
.....................................................................................................
14.18
%
—
—
—
14.18
%
U.S.
Treasury
Obligations
.......................................................................................
—
27.14
%
—
—
27.14
%
Yankee
Dollars
........................................................................................................
1.70
%
—
—
—
1.70
%
Investment
Companies
............................................................................................
0.10
%
1.02
%
39.50
%
3.59
%
44.21
%
Other
Assets
(Liabilities)
........................................................................................
0.16
%
-0.72
%
-0.01
%
0.01
%
-0.56
%
Total
Net
Assets
.................................................................................................
16.14
%
40.77
%
39.49
%
3.60
%
100.00
%
HC
CAPITAL
TRUST
The
Corporate
Opportunities
Portfolio
Portfolio
of
Investments
—
March
31,
2024
(Unaudited)
147
Shares
Security
Description
Rate
%
Maturity
Date
Value
(000)
Common
Stock
—
0
.00
%
1,740,900
ACC
Claims
Holding
LLC
(
Financial
Services
)
^
(a)
(b)
....................
$
–
Total
Common
Stock
...........................................
–
Investment
Companies
—
97
.27
%
Domestic
Fixed
Income
—
19
.59
%
494,918
Allspring
Income
Opportunities
.....................................
3,286
369,728
Blackstone
Strategic
Credit
Term
Fund
...............................
4,400
281,261
Eaton
Vance
Ltd.
Duration
Income
Fund
..............................
2,742
148,064
First
Trust
High
Income
Long/Short
Fund
.............................
1,766
377,784
First
Trust
Senior
Floating
Rate
Income
Fund
II
.........................
3,910
696,267
Franklin
Ltd.
Duration
Income
Trust
.................................
4,366
396,457
Nuveen
Credit
Strategies
Income
Fund
...............................
2,208
399,493
Nuveen
Floating
Rate
Income
Fund/Closed-end
Fund
.....................
3,488
295,781
PGIM
High
Yield
Bond
Fund,
Inc.
...................................
3,842
328,620
PGIM
Short
Duration
High
Yield
Opportunities
Fund
.....................
5,054
281,183
Western
Asset
Diversified
Income
Fund
...............................
4,063
1,004,747
Western
Asset
High
Income
Opportunity
Fund,
Inc.
......................
3,919
43,044
International
Fixed
Income
—
5
.99
%
90,450
BNY
Mellon
Alcentra
Global
Credit
Income
2024
Target
Term
Fund,
Inc.
......
779
357,280
First
Trust
High
Yield
Opportunities
2027
Term
Fund
.....................
5,195
423,898
PGIM
Global
High
Yield
Fund,
Inc.
..................................
5,070
178,462
Western
Asset
High
Yield
Defined
Opportunity
Fund,
Inc.
..................
2,134
13,178
Money
Market
Funds
—
71
.69
%
1,177,000
Federated
Hermes
Treasury
Obligations
Fund,
Institutional
Shares
^^
..........
5.17(c)
1,177
156,084,278
State
Street
Institutional
Treasury
Plus
Money
Market
Fund,
Trust
Class
........
5.20(c)
156,084
270,788
State
Street
Institutional
U.S.
Government
Money
Market
Fund,
Administrative
Class
....................................................
5.01(c)
271
157,532
Total
Investment
Companies
......................................
213,754
Total
Investments
(cost
$
211,303
)
—
97
.27
%
..........................
213,754
Other
assets
in
excess
of
liabilities
—
2
.73
%
..........................
6,007
Net
Assets
—
100.00%
..........................................
$
219,761
Amounts
designated
as
"—"
are
$0
or
have
been
rounded
to
$0.
^
All
or
part
of
this
security
was
on
loan
as
of
March
31,
2024.
^^
Purchased
with
cash
collateral
held
from
securities
lending.
(a)
Escrow
security
due
to
bankruptcy.
(b)
Security
was
valued
using
significant
unobservable
inputs
as
of
March
31,
2024.
(c)
Annualized
7-day
yield
as
of
period-end.
148
HC
CAPITAL
TRUST
The
Corporate
Opportunities
Portfolio
Portfolio
of
Investments
(concluded)
—
March
31,
2024
(Unaudited)
The
following
table
reflects
the
percentage
of
total
net
assets
of
the
Portfolio
attributable
to
each
Specialist
Manager
as
of
March
31,
2024
.
Amounts
designated
as
"—"
indicate
the
Specialist
Manager
did
not
manage
any
holdings
in
that
category. 
The
Corporate
Opportunities
Portfolio
City
of
London
Investment
Management
Company,
Limited
Parametric
Portfolio
Associates,
LLC
HC
Capital
Solutions
Total
Common
Stocks
...............................................................................................................................
—
—
0.00
%
0.00
%
Investment
Companies
.....................................................................................................................
25.71
%
71.02
%
0.54
%
97.27
%
Other
Assets
(Liabilities)
.................................................................................................................
0.67
%
2.57
%
-0.51
%
2.73
%
Total
Net
Assets
..........................................................................................................................
26.38
%
73.59
%
0.03
%
100.00
%
The
following
table
reflects
the
open
derivative
positions
held
by
the
Portfolio
as
of
March
31,
2024
.
Futures
Contracts
Purchased
*
Description
Number
of
Contracts
Expiration
Date
Notional
Amount
(000)
Value
and
Unrealized
Appreciation/
(Depreciation)
(000)
5
Year
US
Treasury
Note
Future
...................
903
6/28/24
$
96,635
$
261
E-Mini
S&P
500
Future
.........................
244
6/21/24
64,764
977
$
161,399
$
1,238
Total
Unrealized
Appreciation
.....................
$
1,238
Total
Unrealized
Depreciation
.....................
—
Total
Net
Unrealized
Appreciation/(Depreciation)
.......
$
1,238
*
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
—
March
31,
2024
(Unaudited)
149
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Securities
—
1.00%
$
200
Fannie
Mae
...................................................
0.38
8/25/25
$
188
450
Fannie
Mae
...................................................
0.50
6/17/25
426
400
Fannie
Mae
...................................................
0.50
11/7/25
373
350
Fannie
Mae
...................................................
0.75
10/8/27
309
100
Fannie
Mae,
Callable
6/18/24
@
100.00
...............................
0.88
12/18/26
91
200
Fannie
Mae
...................................................
0.88
8/5/30
162
100
Fannie
Mae
...................................................
1.88
9/24/26
94
150
Fannie
Mae
...................................................
2.13
4/24/26
143
95
Fannie
Mae
...................................................
6.25
5/15/29
103
160
Fannie
Mae
...................................................
6.63
11/15/30
181
180
Fannie
Mae
...................................................
7.25
5/15/30
208
250
Federal
Farm
Credit
Bank,
Callable
4/11/24
@
100.00
....................
1.00
10/7/26
228
75
Federal
Farm
Credit
Bank,
Callable
4/11/24
@
100.00
....................
1.24
12/23/30
60
468
Federal
Farm
Credit
Bank,
Callable
4/11/24
@
100.00
....................
1.55
7/26/30
389
300
Federal
Farm
Credit
Bank
.........................................
4.38
7/6/26
298
100
Federal
Farm
Credit
Bank
.........................................
4.50
8/14/26
100
200
Federal
Farm
Credit
Bank
.........................................
4.75
5/28/26
200
500
Federal
Farm
Credit
Bank,
Callable
7/2/24
@
100.00
.....................
5.94
1/2/36
498
300
Federal
Home
Loan
Bank
.........................................
0.38
9/4/25
281
200
Federal
Home
Loan
Bank
.........................................
0.50
4/14/25
191
70
Federal
Home
Loan
Bank,
Series
4,
Callable
4/27/24
@
100.00
..............
1.00
7/27/26
64
100
Federal
Home
Loan
Bank
.........................................
1.25
12/21/26
92
300
Federal
Home
Loan
Bank
.........................................
3.25
6/9/28
288
800
Federal
Home
Loan
Bank,
Series
2,
Callable
5/28/24
@
100.00
..............
4.00
8/28/25
789
300
Federal
Home
Loan
Bank
.........................................
4.00
6/30/28
297
200
Federal
Home
Loan
Bank
.........................................
4.38
6/12/26
199
500
Federal
Home
Loan
Bank
.........................................
4.63
11/17/26
502
165
Federal
Home
Loan
Bank
.........................................
5.50
7/15/36
179
100
Freddie
Mac,
Series
1
............................................
0.00(a)
11/15/38
50
500
Freddie
Mac
..................................................
0.38
9/23/25
468
650
Freddie
Mac
..................................................
0.38
7/21/25
613
400
Freddie
Mac,
Callable
4/27/24
@
100.00
..............................
0.80
10/27/26
363
27
Freddie
Mac,
Callable
5/28/24
@
100.00
..............................
4.20
8/28/25
27
300
Freddie
Mac,
Callable
11/21/24
@
100.00
.............................
5.50
2/21/29
300
250
Freddie
Mac
..................................................
6.25
7/15/32
282
180
Freddie
Mac
..................................................
6.75
3/15/31
205
85
Tennessee
Valley
Authority
........................................
5.25
9/15/39
89
200
Tennessee
Valley
Authority
........................................
5.38
4/1/56
214
100
Tennessee
Valley
Authority
........................................
5.88
4/1/36
111
140
Tennessee
Valley
Authority
........................................
6.15
1/15/38
160
Total
U.S.
Government
Agency
Securities
............................
9,815
U.S.
Treasury
Obligations
—
46.47%
2,700
U.S.
Treasury
Bond
.............................................
1.13
5/15/40
1,686
2,625
U.S.
Treasury
Bond
.............................................
1.13
8/15/40
1,623
1,945
U.S.
Treasury
Bond
.............................................
1.25
5/15/50
995
1,965
U.S.
Treasury
Bond
.............................................
1.38
11/15/40
1,263
3,080
U.S.
Treasury
Bond
.............................................
1.38
8/15/50
1,626
2,320
U.S.
Treasury
Bond
.............................................
1.63
11/15/50
1,310
2,625
U.S.
Treasury
Bond
.............................................
1.75
8/15/41
1,771
2,695
U.S.
Treasury
Bond
.............................................
1.88
2/15/51
1,623
2,140
U.S.
Treasury
Bond
.............................................
1.88
2/15/41
1,491
2,215
U.S.
Treasury
Bond
.............................................
1.88
11/15/51
1,327
1,370
U.S.
Treasury
Bond
.............................................
2.00
2/15/50
858
4,335
U.S.
Treasury
Bond
.............................................
2.00
8/15/51
2,685
3,320
U.S.
Treasury
Bond
.............................................
2.00
11/15/41
2,328
1,260
U.S.
Treasury
Bond
.............................................
2.25
8/15/46
862
1,250
U.S.
Treasury
Bond
.............................................
2.25
8/15/49
833
150
HC
CAPITAL
TRUST
The
U.S.
Government
Fixed
Income
Securities
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Treasury
Obligations
(continued)
$
1,750
U.S.
Treasury
Bond
.............................................
2.25
5/15/41
$
1,293
3,010
U.S.
Treasury
Bond
.............................................
2.25
2/15/52
1,980
3,000
U.S.
Treasury
Bond
.............................................
2.38
11/15/49
2,053
3,860
U.S.
Treasury
Bond
.............................................
2.38
5/15/51
2,619
1,880
U.S.
Treasury
Bond
.............................................
2.38
2/15/42
1,398
1,135
U.S.
Treasury
Bond
.............................................
2.50
2/15/46
820
800
U.S.
Treasury
Bond
.............................................
2.50
5/15/46
577
2,985
U.S.
Treasury
Bond
.............................................
2.50
2/15/45
2,182
1,110
U.S.
Treasury
Bond
.............................................
2.75
8/15/47
830
1,995
U.S.
Treasury
Bond
.............................................
2.75
11/15/42
1,561
450
U.S.
Treasury
Bond
.............................................
2.75
8/15/42
353
2,320
U.S.
Treasury
Bond
.............................................
2.75
11/15/47
1,732
955
U.S.
Treasury
Bond
.............................................
2.88
11/15/46
735
2,000
U.S.
Treasury
Bond
.............................................
2.88
5/15/49
1,521
2,095
U.S.
Treasury
Bond
.............................................
2.88
5/15/52
1,585
831
U.S.
Treasury
Bond
.............................................
2.88
5/15/43
660
780
U.S.
Treasury
Bond
.............................................
2.88
8/15/45
607
1,370
U.S.
Treasury
Bond
.............................................
3.00
2/15/48
1,071
1,855
U.S.
Treasury
Bond
.............................................
3.00
11/15/44
1,485
1,125
U.S.
Treasury
Bond
.............................................
3.00
5/15/42
921
1,645
U.S.
Treasury
Bond
.............................................
3.00
2/15/49
1,282
1,075
U.S.
Treasury
Bond
.............................................
3.00
5/15/47
844
1,460
U.S.
Treasury
Bond
.............................................
3.00
8/15/48
1,139
1,070
U.S.
Treasury
Bond
.............................................
3.00
8/15/52
831
1,010
U.S.
Treasury
Bond
.............................................
3.00
5/15/45
805
440
U.S.
Treasury
Bond
.............................................
3.00
2/15/47
346
1,177
U.S.
Treasury
Bond
.............................................
3.13
2/15/43
974
1,030
U.S.
Treasury
Bond
.............................................
3.13
5/15/48
823
1,730
U.S.
Treasury
Bond
.............................................
3.13
8/15/44
1,416
1,000
U.S.
Treasury
Bond
.............................................
3.13
11/15/41
840
1,000
U.S.
Treasury
Bond
.............................................
3.13
2/15/42
837
850
U.S.
Treasury
Bond
.............................................
3.25
5/15/42
723
1,315
U.S.
Treasury
Bond
.............................................
3.38
8/15/42
1,136
1,530
U.S.
Treasury
Bond
.............................................
3.38
5/15/44
1,305
2,400
U.S.
Treasury
Bond
.............................................
3.38
11/15/48
2,005
90
U.S.
Treasury
Bond
.............................................
3.50
2/15/39
83
2,205
U.S.
Treasury
Bond
.............................................
3.63
2/15/44
1,956
1,470
U.S.
Treasury
Bond
.............................................
3.63
8/15/43
1,307
2,100
U.S.
Treasury
Bond
.............................................
3.63
2/15/53
1,843
3,605
U.S.
Treasury
Bond
.............................................
3.63
5/15/53
3,167
1,220
U.S.
Treasury
Bond
.............................................
3.75
11/15/43
1,103
225
U.S.
Treasury
Bond
.............................................
3.88
8/15/40
212
875
U.S.
Treasury
Bond
.............................................
3.88
2/15/43
809
150
U.S.
Treasury
Bond
.............................................
3.88
5/15/43
138
925
U.S.
Treasury
Bond
.............................................
4.00
11/15/52
870
3,265
U.S.
Treasury
Bond
.............................................
4.13
8/15/53
3,138
1,650
U.S.
Treasury
Bond
.............................................
4.25
2/15/54
1,623
550
U.S.
Treasury
Bond
.............................................
4.25
11/15/40
542
30
U.S.
Treasury
Bond
.............................................
4.25
5/15/39
30
530
U.S.
Treasury
Bond
.............................................
4.38
2/15/38
540
163
U.S.
Treasury
Bond
.............................................
4.38
5/15/40
164
855
U.S.
Treasury
Bond
.............................................
4.38
11/15/39
862
551
U.S.
Treasury
Bond
.............................................
4.38
5/15/41
550
255
U.S.
Treasury
Bond
.............................................
4.50
5/15/38
263
1,150
U.S.
Treasury
Bond
.............................................
4.50
8/15/39
1,178
25
U.S.
Treasury
Bond
.............................................
4.50
2/15/36
26
673
U.S.
Treasury
Bond
.............................................
4.63
2/15/40
697
1,750
U.S.
Treasury
Bond
.............................................
4.75
11/15/43
1,816
520
U.S.
Treasury
Bond
.............................................
4.75
2/15/37
552
151
HC
CAPITAL
TRUST
The
U.S.
Government
Fixed
Income
Securities
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Treasury
Obligations
(continued)
$
1,500
U.S.
Treasury
Bond
.............................................
4.75
2/15/41
$
1,569
2,725
U.S.
Treasury
Bond
.............................................
4.75
11/15/53
2,909
235
U.S.
Treasury
Bond
.............................................
5.00
5/15/37
255
425
U.S.
Treasury
Bond
.............................................
5.25
2/15/29
443
282
U.S.
Treasury
Bond
.............................................
5.25
11/15/28
293
215
U.S.
Treasury
Bond
.............................................
5.38
2/15/31
230
400
U.S.
Treasury
Bond
.............................................
5.50
8/15/28
419
995
U.S.
Treasury
Bond
.............................................
6.00
2/15/26
1,018
280
U.S.
Treasury
Bond
.............................................
6.13
8/15/29
304
265
U.S.
Treasury
Bond
.............................................
6.13
11/15/27
280
1,090
U.S.
Treasury
Bond
.............................................
6.25
5/15/30
1,204
100
U.S.
Treasury
Bond
.............................................
6.38
8/15/27
106
3
U.S.
Treasury
Bond
.............................................
6.50
11/15/26
3
1,000
U.S.
Treasury
Bond
.............................................
6.63
2/15/27
1,056
200
U.S.
Treasury
Bond
.............................................
6.75
8/15/26
209
600
U.S.
Treasury
Bond
.............................................
6.88
8/15/25
616
1,880
U.S.
Treasury
Note
..............................................
0.25
10/31/25
1,751
2,525
U.S.
Treasury
Note
..............................................
0.25
5/31/25
2,391
1,000
U.S.
Treasury
Note
..............................................
0.25
9/30/25
934
2,425
U.S.
Treasury
Note
..............................................
0.25
6/30/25
2,289
1,580
U.S.
Treasury
Note
..............................................
0.25
7/31/25
1,486
3,105
U.S.
Treasury
Note
..............................................
0.25
8/31/25
2,911
1,910
U.S.
Treasury
Note
..............................................
0.38
4/30/25
1,818
2,200
U.S.
Treasury
Note
..............................................
0.38
11/30/25
2,046
2,075
U.S.
Treasury
Note
..............................................
0.38
7/31/27
1,820
3,415
U.S.
Treasury
Note
..............................................
0.38
9/30/27
2,977
3,110
U.S.
Treasury
Note
..............................................
0.38
1/31/26
2,875
2,920
U.S.
Treasury
Note
..............................................
0.38
12/31/25
2,708
1,900
U.S.
Treasury
Note
..............................................
0.50
6/30/27
1,678
2,640
U.S.
Treasury
Note
..............................................
0.50
4/30/27
2,345
2,600
U.S.
Treasury
Note
..............................................
0.50
5/31/27
2,302
3,090
U.S.
Treasury
Note
..............................................
0.50
8/31/27
2,714
2,425
U.S.
Treasury
Note
..............................................
0.50
10/31/27
2,118
3,675
U.S.
Treasury
Note
..............................................
0.50
2/28/26
3,397
2,720
U.S.
Treasury
Note
..............................................
0.63
5/15/30
2,196
3,895
U.S.
Treasury
Note
..............................................
0.63
8/15/30
3,118
2,800
U.S.
Treasury
Note
..............................................
0.63
12/31/27
2,444
2,885
U.S.
Treasury
Note
..............................................
0.63
11/30/27
2,525
2,635
U.S.
Treasury
Note
..............................................
0.63
7/31/26
2,408
690
U.S.
Treasury
Note
..............................................
0.63
3/31/27
617
1,845
U.S.
Treasury
Note
..............................................
0.75
8/31/26
1,686
1,470
U.S.
Treasury
Note
..............................................
0.75
4/30/26
1,358
2,890
U.S.
Treasury
Note
..............................................
0.75
3/31/26
2,678
2,800
U.S.
Treasury
Note
..............................................
0.75
5/31/26
2,580
4,025
U.S.
Treasury
Note
..............................................
0.75
1/31/28
3,521
1,615
U.S.
Treasury
Note
..............................................
0.88
9/30/26
1,478
2,295
U.S.
Treasury
Note
..............................................
0.88
6/30/26
2,116
5,330
U.S.
Treasury
Note
..............................................
0.88
11/15/30
4,314
3,365
U.S.
Treasury
Note
..............................................
1.00
7/31/28
2,932
2,825
U.S.
Treasury
Note
..............................................
1.13
10/31/26
2,594
2,465
U.S.
Treasury
Note
..............................................
1.13
2/29/28
2,183
3,635
U.S.
Treasury
Note
..............................................
1.13
8/31/28
3,178
4,995
U.S.
Treasury
Note
..............................................
1.13
2/15/31
4,096
1,840
U.S.
Treasury
Note
..............................................
1.13
2/28/27
1,675
3,390
U.S.
Treasury
Note
..............................................
1.25
5/31/28
2,999
3,510
U.S.
Treasury
Note
..............................................
1.25
4/30/28
3,112
3,195
U.S.
Treasury
Note
..............................................
1.25
11/30/26
2,937
3,515
U.S.
Treasury
Note
..............................................
1.25
6/30/28
3,104
1,850
U.S.
Treasury
Note
..............................................
1.25
12/31/26
1,698
152
HC
CAPITAL
TRUST
The
U.S.
Government
Fixed
Income
Securities
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Treasury
Obligations
(continued)
$
3,990
U.S.
Treasury
Note
..............................................
1.25
9/30/28
$
3,501
2,460
U.S.
Treasury
Note
..............................................
1.25
3/31/28
2,186
5,385
U.S.
Treasury
Note
..............................................
1.25
8/15/31
4,385
3,400
U.S.
Treasury
Note
..............................................
1.38
10/31/28
2,995
3,650
U.S.
Treasury
Note
..............................................
1.38
12/31/28
3,202
5,000
U.S.
Treasury
Note
..............................................
1.38
11/15/31
4,084
450
U.S.
Treasury
Note
..............................................
1.38
8/31/26
418
2,645
U.S.
Treasury
Note
..............................................
1.50
2/15/30
2,273
4,705
U.S.
Treasury
Note
..............................................
1.50
1/31/27
4,338
3,410
U.S.
Treasury
Note
..............................................
1.50
11/30/28
3,016
1,000
U.S.
Treasury
Note
..............................................
1.50
8/15/26
932
1,000
U.S.
Treasury
Note
..............................................
1.63
10/31/26
931
2,930
U.S.
Treasury
Note
..............................................
1.63
8/15/29
2,571
945
U.S.
Treasury
Note
..............................................
1.63
11/30/26
878
4,955
U.S.
Treasury
Note
..............................................
1.63
5/15/31
4,176
3,400
U.S.
Treasury
Note
..............................................
1.63
2/15/26
3,215
3,500
U.S.
Treasury
Note
..............................................
1.63
5/15/26
3,289
600
U.S.
Treasury
Note
..............................................
1.63
9/30/26
560
2,390
U.S.
Treasury
Note
..............................................
1.75
11/15/29
2,104
1,100
U.S.
Treasury
Note
..............................................
1.75
12/31/26
1,024
3,505
U.S.
Treasury
Note
..............................................
1.75
1/31/29
3,126
4,100
U.S.
Treasury
Note
..............................................
1.88
2/15/32
3,462
1,965
U.S.
Treasury
Note
..............................................
1.88
2/28/29
1,761
410
U.S.
Treasury
Note
..............................................
1.88
6/30/26
387
1,390
U.S.
Treasury
Note
..............................................
1.88
7/31/26
1,308
3,435
U.S.
Treasury
Note
..............................................
1.88
2/28/27
3,196
2,885
U.S.
Treasury
Note
..............................................
2.00
11/15/26
2,708
2,575
U.S.
Treasury
Note
..............................................
2.00
8/15/25
2,478
1,430
U.S.
Treasury
Note
..............................................
2.13
5/31/26
1,357
2,985
U.S.
Treasury
Note
..............................................
2.13
5/15/25
2,892
1,775
U.S.
Treasury
Note
..............................................
2.25
11/15/27
1,651
2,575
U.S.
Treasury
Note
..............................................
2.25
8/15/27
2,404
1,785
U.S.
Treasury
Note
..............................................
2.25
2/15/27
1,680
2,000
U.S.
Treasury
Note
..............................................
2.25
3/31/26
1,909
2,375
U.S.
Treasury
Note
..............................................
2.25
11/15/25
2,281
2,510
U.S.
Treasury
Note
..............................................
2.38
5/15/27
2,361
130
U.S.
Treasury
Note
..............................................
2.38
4/30/26
124
2,715
U.S.
Treasury
Note
..............................................
2.38
5/15/29
2,483
2,815
U.S.
Treasury
Note
..............................................
2.38
3/31/29
2,580
2,000
U.S.
Treasury
Note
..............................................
2.50
3/31/27
1,893
2,000
U.S.
Treasury
Note
..............................................
2.50
2/28/26
1,921
1,250
U.S.
Treasury
Note
..............................................
2.63
5/31/27
1,185
1,370
U.S.
Treasury
Note
..............................................
2.63
4/15/25
1,337
1,305
U.S.
Treasury
Note
..............................................
2.63
1/31/26
1,258
2,065
U.S.
Treasury
Note
..............................................
2.63
7/31/29
1,908
1,205
U.S.
Treasury
Note
..............................................
2.63
12/31/25
1,163
3,745
U.S.
Treasury
Note
..............................................
2.63
2/15/29
3,479
1,500
U.S.
Treasury
Note
..............................................
2.75
4/30/27
1,429
3,000
U.S.
Treasury
Note
..............................................
2.75
5/31/29
2,794
4,160
U.S.
Treasury
Note
..............................................
2.75
8/15/32
3,732
1,280
U.S.
Treasury
Note
..............................................
2.75
8/31/25
1,243
2,525
U.S.
Treasury
Note
..............................................
2.75
5/15/25
2,464
850
U.S.
Treasury
Note
..............................................
2.75
6/30/25
828
2,825
U.S.
Treasury
Note
..............................................
2.75
2/15/28
2,667
3,000
U.S.
Treasury
Note
..............................................
2.88
4/30/29
2,813
2,995
U.S.
Treasury
Note
..............................................
2.88
5/15/28
2,834
1,800
U.S.
Treasury
Note
..............................................
2.88
11/30/25
1,745
2,005
U.S.
Treasury
Note
..............................................
2.88
6/15/25
1,956
1,500
U.S.
Treasury
Note
..............................................
2.88
4/30/25
1,467
153
HC
CAPITAL
TRUST
The
U.S.
Government
Fixed
Income
Securities
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Treasury
Obligations
(continued)
$
3,610
U.S.
Treasury
Note
..............................................
2.88
5/15/32
$
3,278
540
U.S.
Treasury
Note
..............................................
2.88
7/31/25
526
1,505
U.S.
Treasury
Note
..............................................
2.88
5/31/25
1,469
3,380
U.S.
Treasury
Note
..............................................
2.88
8/15/28
3,191
880
U.S.
Treasury
Note
..............................................
3.00
10/31/25
856
1,415
U.S.
Treasury
Note
..............................................
3.00
9/30/25
1,378
1,835
U.S.
Treasury
Note
..............................................
3.00
7/15/25
1,792
1,930
U.S.
Treasury
Note
..............................................
3.13
8/15/25
1,886
2,000
U.S.
Treasury
Note
..............................................
3.13
8/31/29
1,893
3,430
U.S.
Treasury
Note
..............................................
3.13
11/15/28
3,267
2,200
U.S.
Treasury
Note
..............................................
3.25
6/30/27
2,125
1,700
U.S.
Treasury
Note
..............................................
3.25
6/30/29
1,621
4,400
U.S.
Treasury
Note
..............................................
3.38
5/15/33
4,122
1,245
U.S.
Treasury
Note
..............................................
3.50
1/31/30
1,198
1,905
U.S.
Treasury
Note
..............................................
3.50
9/15/25
1,869
2,200
U.S.
Treasury
Note
..............................................
3.50
1/31/28
2,135
5,000
U.S.
Treasury
Note
..............................................
3.50
2/15/33
4,735
1,580
U.S.
Treasury
Note
..............................................
3.63
5/15/26
1,549
400
U.S.
Treasury
Note
..............................................
3.63
3/31/30
387
2,500
U.S.
Treasury
Note
..............................................
3.75
12/31/28
2,447
5,045
U.S.
Treasury
Note
..............................................
3.75
12/31/30
4,904
2,175
U.S.
Treasury
Note
..............................................
3.75
5/31/30
2,118
1,545
U.S.
Treasury
Note
..............................................
3.75
4/15/26
1,518
4,205
U.S.
Treasury
Note
..............................................
3.88
8/15/33
4,095
2,500
U.S.
Treasury
Note
..............................................
3.88
4/30/25
2,470
2,490
U.S.
Treasury
Note
..............................................
3.88
1/15/26
2,454
1,765
U.S.
Treasury
Note
..............................................
3.88
11/30/29
1,733
1,325
U.S.
Treasury
Note
..............................................
3.88
12/31/29
1,301
1,400
U.S.
Treasury
Note
..............................................
3.88
9/30/29
1,375
2,400
U.S.
Treasury
Note
..............................................
4.00
2/15/26
2,370
1,950
U.S.
Treasury
Note
..............................................
4.00
1/31/29
1,930
2,800
U.S.
Treasury
Note
..............................................
4.00
2/15/34
2,754
1,000
U.S.
Treasury
Note
..............................................
4.00
2/29/28
988
1,985
U.S.
Treasury
Note
..............................................
4.00
1/31/31
1,959
1,725
U.S.
Treasury
Note
..............................................
4.00
12/15/25
1,704
1,750
U.S.
Treasury
Note
..............................................
4.00
10/31/29
1,729
2,050
U.S.
Treasury
Note
..............................................
4.00
1/15/27
2,026
2,230
U.S.
Treasury
Note
..............................................
4.13
2/15/27
2,211
1,580
U.S.
Treasury
Note
..............................................
4.13
6/15/26
1,565
3,720
U.S.
Treasury
Note
..............................................
4.13
11/15/32
3,695
2,500
U.S.
Treasury
Note
..............................................
4.25
5/31/25
2,479
2,280
U.S.
Treasury
Note
..............................................
4.25
3/15/27
2,269
2,000
U.S.
Treasury
Note
..............................................
4.25
12/31/25
1,984
1,835
U.S.
Treasury
Note
..............................................
4.25
10/15/25
1,820
1,825
U.S.
Treasury
Note
..............................................
4.25
2/28/31
1,828
2,750
U.S.
Treasury
Note
..............................................
4.25
2/28/29
2,754
1,670
U.S.
Treasury
Note
..............................................
4.38
8/15/26
1,663
2,220
U.S.
Treasury
Note
..............................................
4.38
11/30/30
2,238
1,950
U.S.
Treasury
Note
..............................................
4.38
12/15/26
1,945
1,765
U.S.
Treasury
Note
..............................................
4.50
11/15/25
1,757
1,590
U.S.
Treasury
Note
..............................................
4.50
7/15/26
1,588
4,815
U.S.
Treasury
Note
..............................................
4.50
11/15/33
4,921
1,750
U.S.
Treasury
Note
..............................................
4.63
9/15/26
1,754
1,555
U.S.
Treasury
Note
..............................................
4.63
3/15/26
1,554
2,750
U.S.
Treasury
Note
..............................................
4.63
2/28/26
2,748
1,805
U.S.
Treasury
Note
..............................................
4.63
10/15/26
1,810
1,945
U.S.
Treasury
Note
..............................................
4.63
11/15/26
1,951
475
U.S.
Treasury
Note
..............................................
4.88
11/30/25
476
154
HC
CAPITAL
TRUST
The
U.S.
Government
Fixed
Income
Securities
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
The
following
table
reflects
the
percentage
of
total
net
assets
of
the
Portfolio
attributable
to
each
Specialist
Manager
as
of
March
31,
2024.
Amounts
designated
as
"—"
indicate
the
Specialist
Manager
did
not
manage
any
holdings
in
that
category.
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Treasury
Obligations
(continued)
$
340
U.S.
Treasury
Note
..............................................
4.88
10/31/30
$
352
Total
U.S.
Treasury
Obligations
...................................
456,916
Shares
Investment
Companies
—
51.79%
Domestic
Fixed
Income
—
49.37%
6,531,963
Vanguard
Intermediate-Term
Treasury
ETF
............................
382,446
1,773,950
Vanguard
Short-Term
Treasury
ETF
..................................
103,013
485,459
Money
Market
Funds
—
2.42%
23,823,521
State
Street
Institutional
Treasury
Plus
Money
Market
Fund,
Trust
Class
........
5.20(b)
23,824
Total
Investment
Companies
......................................
509,283
Total
Investments
(cost
$999,853)
—
99.26%
.........................
976,014
Other
assets
in
excess
of
liabilities
—
0.74%
..........................
7,244
Net
Assets
—
100.00%
..........................................
$
983,258
(a)
Zero
Coupon
Security.
Effective
rate
shown
is
as
of
March
31,
2024.
(b)
Annualized
7-day
yield
as
of
period-end.
ETF—Exchange-Traded
Fund
The
U.S.
Government
Fixed
Income
Securities
Portfolio
Mellon
Investments
Corporation
Parametric
Portfolio
Associates,
LLC
Total
U.S.
Government
Agency
Securities
.......................................................................................................................
1.00
%
—
1.00
%
U.S.
Treasury
Obligations
........................................................................................................................................
46.47
%
—
46.47
%
Investment
Company
...............................................................................................................................................
—
51.79
%
51.79
%
Other
Assets
(Liabilities)
........................................................................................................................................
0.44%
%
0.30
%
0.74
%
Total
Net
Assets
..................................................................................................................................................
47.91
%
52.09
%
100.00
%
155
HC
CAPITAL
TRUST
The
U.S.
Government
Fixed
Income
Securities
Portfolio
Portfolio
of
Investments
(concluded)
—
March
31,
2024
(Unaudited)
The
following
table
reflects
the
open
derivative
positions
held
by
the
Portfolio
as
of
March
31,
2024
.
Futures
Contracts
Purchased
*
Description
Number
of
Contracts
Expiration
Date
Notional
Amount
(000)
Value
and
Unrealized
Appreciation/
(Depreciation)
(000)
10
Year
US
Treasury
Note
Future
.............................
1,189
6/19/24
$
131,737
$
901
$
131,737
$
901
Total
Unrealized
Appreciation
.....................
$
901
Total
Unrealized
Depreciation
.....................
—
Total
Net
Unrealized
Appreciation/(Depreciation)
.......
$
901
*
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
March
31,
2024
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
50
$
268
$
107.00
5/27/24
$
(5)
10
Year
US
Treasury
Note
Future
Option
..................
Put
50
270
108.00
5/27/24
(10)
10
Year
US
Treasury
Note
Future
Option
..................
Put
100
538
107.50
5/27/24
(16)
$
(31)
HC
CAPITAL
TRUST
The
U.S.
Corporate
Fixed
Income
Securities
Portfolio
Portfolio
of
Investments
—
March
31,
2024
(Unaudited)
156
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
Corporate
Bonds
—
70
.57
%
$
2,694
AbbVie,
Inc.
(
Biotechnology
)
.....................................
4.40
11/6/42
$
2,438
782
Air
Products
and
Chemicals,
Inc.
(
Chemicals
)
,
Callable
11/15/39
@
100.00
.....
2.70
5/15/40
569
615
Alabama
Power
Co.
,
Series
B
(
Electric
Utilities
)
,
Callable
6/1/47
@
100.00
.....
3.70
12/1/47
476
2,315
Amgen,
Inc.
(
Biotechnology
)
,
Callable
2/1/25
@
100.00
..................
3.13
5/1/25
2,260
1,435
Amgen,
Inc.
(
Biotechnology
)
,
Callable
8/21/39
@
100.00
..................
3.15
2/21/40
1,097
1,110
Amgen,
Inc.
(
Biotechnology
)
,
Callable
12/15/50
@
100.00
.................
4.66
6/15/51
984
1,790
Anheuser-Busch
Cos.
LLC/Anheuser-Busch
InBev
Worldwide,
Inc.
(
Beverages
)
,
Callable
8/1/45
@
100.00
....................................
4.90
2/1/46
1,701
940
Anheuser-Busch
InBev
Worldwide,
Inc.
(
Beverages
)
.....................
4.95
1/15/42
915
2,775
Apple,
Inc.
(
Technology
Hardware,
Storage
&
Peripherals
)
,
Callable
8/23/45
@
100.00
..................................................
4.65
2/23/46
2,669
1,065
AT&T,
Inc.
(
Diversified
Telecommunication
Services
)
,
Callable
11/1/31
@
100.00
2.25
2/1/32
867
2,519
AT&T,
Inc.
(
Diversified
Telecommunication
Services
)
,
Callable
3/15/55
@
100.00
3.55
9/15/55
1,751
875
AT&T,
Inc.
(
Diversified
Telecommunication
Services
)
,
Callable
9/9/48
@
100.00
.
4.55
3/9/49
740
255
Atmos
Energy
Corp.
(
Gas
Utilities
)
,
Callable
4/15/44
@
100.00
.............
4.13
10/15/44
220
1,145
Atmos
Energy
Corp.
(
Gas
Utilities
)
,
Callable
7/15/42
@
100.00
.............
4.15
1/15/43
996
5,805
Bank
of
America
Corp.
(
Banks
)
,
Callable
4/22/31
@
100.00
................
2.69
(SOFR
+
132
bps)(a)
4/22/32
4,894
5,225
Bank
of
America
Corp.
,
MTN
(
Banks
)
,
Callable
2/7/29
@
100.00
...........
3.97
(TSFR3M
+
147
bps)(a)
2/7/30
4,939
765
Berkshire
Hathaway
Energy
Co.
(
Oil,
Gas
&
Consumable
Fuels
)
,
Callable
8/1/44
@
100.00
..................................................
4.50
2/1/45
682
1,000
BP
Capital
Markets
America,
Inc.
(
Oil,
Gas
&
Consumable
Fuels
)
,
Callable
8/24/49
@
100.00
................................................
3.00
2/24/50
677
1,735
Bristol-Myers
Squibb
Co.
(
Pharmaceuticals
)
,
Callable
4/26/49
@
100.00
.......
4.25
10/26/49
1,473
2,705
Brown
&
Brown,
Inc.
(
Insurance
)
,
Callable
12/15/30
@
100.00
.............
2.38
3/15/31
2,244
705
Bunge
Ltd.
Finance
Corp.
(
Consumer
Staples
Distribution
&
Retail
)
,
Callable
2/14/31
@
100.00
..........................................
2.75
5/14/31
604
700
Bunge
Ltd.
Finance
Corp.
(
Consumer
Staples
Distribution
&
Retail
)
,
Callable
5/15/26
@
100.00
..........................................
3.25
8/15/26
668
3,175
Capital
One
Financial
Corp.
(
Consumer
Finance
)
,
Callable
2/1/28
@
100.00
....
5.47
(SOFR
+
208
bps)(a)
2/1/29
3,160
845
Carlisle
Cos.,
Inc.
(
Building
Products
)
,
Callable
12/1/31
@
100.00
...........
2.20
3/1/32
677
3,320
Charter
Communications
Operating
LLC/Charter
Communications
Operating
Capital
(
Media
)
,
Callable
1/1/31
@
100.00
..............................
2.80
4/1/31
2,716
2,885
Citigroup,
Inc.
(
Banks
)
,
Callable
3/17/32
@
100.00
......................
3.79
(SOFR
+
194
bps)(a)
3/17/33
2,566
3,650
Citigroup,
Inc.
(
Banks
)
,
Callable
3/31/30
@
100.00
......................
4.41
(SOFR
+
391
bps)(a)
3/31/31
3,460
1,244
Collins
Aerospace
(
Aerospace
&
Defense
)
,
Callable
12/15/26
@
100.00
.......
3.50
3/15/27
1,181
770
Comcast
Corp.
(
Media
)
,
Callable
5/1/49
@
100.00
.......................
4.00
11/1/49
624
295
Comcast
Corp.
(
Media
)
..........................................
4.65
7/15/42
270
2,185
Comcast
Corp.
(
Media
)
..........................................
4.75
3/1/44
1,997
860
Consolidated
Edison
Co.
of
New
York,
Inc.
(
Electric
Utilities
)
,
Callable
9/15/43
@
100.00
..................................................
4.45
3/15/44
754
175
Consolidated
Edison
Co.
of
New
York,
Inc.
,
Series
2008-B
(
Electric
Utilities
)
...
6.75
4/1/38
197
1,970
Constellation
Brands,
Inc.
(
Beverages
)
,
Callable
2/1/33
@
100.00
............
4.90
5/1/33
1,926
2,050
CSX
Corp.
(
Ground
Transportation
)
.................................
6.22
4/30/40
2,235
2,130
CVS
Health
Corp.
(
Health
Care
Providers
&
Services
)
,
Callable
9/25/37
@
100.00
4.78
3/25/38
1,967
1,130
CVS
Health
Corp.
(
Health
Care
Providers
&
Services
)
,
Callable
1/20/45
@
100.00
5.13
7/20/45
1,041
3,205
Dell
International
LLC/EMC
Corp.
(
Technology
Hardware,
Storage
&
Peripherals
)
,
Callable
8/1/26
@
100.00
....................................
4.90
10/1/26
3,186
450
Dell
International
LLC/EMC
Corp.
(
Technology
Hardware,
Storage
&
Peripherals
)
,
Callable
1/15/34
@
100.00
....................................
5.40
4/15/34
451
1,265
Devon
Energy
Corp.
(
Oil,
Gas
&
Consumable
Fuels
)
,
Callable
1/15/41
@
100.00
.
5.60
7/15/41
1,215
315
Devon
Energy
Corp.
(
Oil,
Gas
&
Consumable
Fuels
)
,
Callable
9/15/25
@
100.00
.
5.85
12/15/25
317
2,325
Digital
Realty
Trust
LP
(
Specialized
REITs
)
,
Callable
4/15/28
@
100.00
.......
4.45
7/15/28
2,247
435
Duke
Energy
Progress
LLC
(
Electric
Utilities
)
,
Callable
2/15/45
@
100.00
.....
4.20
8/15/45
363
2,840
EIDP,
Inc.
(
Chemicals
)
,
Callable
6/15/25
@
100.00
......................
1.70
7/15/25
2,708
157
HC
CAPITAL
TRUST
The
U.S.
Corporate
Fixed
Income
Securities
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
Corporate
Bonds
(continued)
$
600
Elevance
Health,
Inc.
(
Health
Care
Providers
&
Services
)
.................
4.63
5/15/42
$
545
735
Elevance
Health,
Inc.
(
Health
Care
Providers
&
Services
)
.................
4.65
1/15/43
665
1,625
Energy
Transfer
LP
(
Oil,
Gas
&
Consumable
Fuels
)
,
Callable
7/15/42
@
100.00
.
4.95
1/15/43
1,418
1,890
Energy
Transfer
LP
(
Oil,
Gas
&
Consumable
Fuels
)
,
Callable
2/1/26
@
103.69
..
7.38
2/1/31
1,977
1,767
Enterprise
Products
Operating
LLC
(
Oil,
Gas
&
Consumable
Fuels
)
,
Callable
9/15/43
@
100.00
..........................................
4.85
3/15/44
1,646
1,760
FedEx
Corp.
Pass
Through
Trust
,
Series
2020-1
,
Class
-
AA
(
Air
Freight
&
Logistics
)
...............................................
1.88
2/20/34
1,453
990
Fiserv,
Inc.
(
Financial
Services
)
,
Callable
12/2/32
@
100.00
................
5.60
3/2/33
1,009
1,990
Ford
Motor
Co.
(
Automobiles
)
,
Callable
11/12/31
@
100.00
................
3.25
2/12/32
1,656
3,000
Ford
Motor
Credit
Co.
LLC
(
Financial
Services
)
........................
4.13
8/4/25
2,935
780
General
Motors
Co.
(
Automobiles
)
,
Callable
9/1/25
@
100.00
..............
6.13
10/1/25
787
1,815
General
Motors
Financial
Co.,
Inc.
(
Specialty
Retail
)
,
Callable
1/26/25
@
100.00
.
2.90
2/26/25
1,769
2,475
General
Motors
Financial
Co.,
Inc.
(
Specialty
Retail
)
,
Callable
2/6/30
@
100.00
.
5.85
4/6/30
2,520
1,165
Georgia
Power
Co.
(
Electric
Utilities
)
...............................
4.30
3/15/42
1,014
1,150
Gilead
Sciences,
Inc.
(
Biotechnology
)
,
Callable
8/1/44
@
100.00
............
4.50
2/1/45
1,024
2,785
HCA,
Inc.
(
Health
Care
Providers
&
Services
)
.........................
5.38
2/1/25
2,778
1,235
HCA,
Inc.
(
Health
Care
Providers
&
Services
)
,
Callable
3/1/33
@
100.00
......
5.50
6/1/33
1,237
1,090
Howmet
Aerospace,
Inc.
(
Aerospace
&
Defense
)
,
Callable
4/1/25
@
100.00
....
6.88
5/1/25
1,100
1,622
Intel
Corp.
(
Semiconductors
&
Semiconductor
Equipment
)
,
Callable
6/8/47
@
100.00
..................................................
3.73
12/8/47
1,255
765
International
Business
Machines
Corp.
(
IT
Services
)
.....................
4.00
6/20/42
645
795
International
Paper
Co.
(
Containers
&
Packaging
)
,
Callable
5/15/41
@
100.00
...
6.00
11/15/41
822
7,355
JPMorgan
Chase
&
Co.
(
Banks
)
,
Callable
4/22/31
@
100.00
................
2.58
(TSFR3M
+
125
bps)(a)
4/22/32
6,203
2,495
JPMorgan
Chase
&
Co.
(
Banks
)
,
Callable
1/29/26
@
100.00
................
3.96
(TSFR3M
+
151
bps)(a)
1/29/27
2,434
1,665
Kinder
Morgan,
Inc.
(
Oil,
Gas
&
Consumable
Fuels
)
,
Callable
12/1/44
@
100.00
.
5.55
6/1/45
1,589
1,055
Lincoln
National
Corp.
(
Insurance
)
,
Callable
10/15/29
@
100.00
............
3.05
1/15/30
932
1,365
Lincoln
National
Corp.
(
Insurance
)
,
Callable
10/15/30
@
100.00
............
3.40
1/15/31
1,200
1,835
Lowe's
Cos.,
Inc.
(
Specialty
Retail
)
,
Callable
1/15/33
@
100.00
.............
5.00
4/15/33
1,826
945
Martin
Marietta
Materials,
Inc.
(
Construction
Materials
)
,
Callable
4/15/31
@
100.00
2.40
7/15/31
793
1,275
Marvell
Technology,
Inc.
(
Semiconductors
&
Semiconductor
Equipment
)
,
Callable
2/15/28
@
100.00
..........................................
2.45
4/15/28
1,149
810
Marvell
Technology,
Inc.
(
Semiconductors
&
Semiconductor
Equipment
)
,
Callable
1/15/31
@
100.00
..........................................
2.95
4/15/31
698
205
Marvell
Technology,
Inc.
(
Semiconductors
&
Semiconductor
Equipment
)
,
Callable
6/15/33
@
100.00
..........................................
5.95
9/15/33
212
3,771
Microchip
Technology,
Inc.
(
Semiconductors
&
Semiconductor
Equipment
)
,
Callable
5/6/24
@
101.06
...........................................
4.25
9/1/25
3,707
2,080
Microsoft
Corp.
(
Software
)
,
Callable
2/8/46
@
100.00
....................
3.70
8/8/46
1,763
960
Mohawk
Industries,
Inc.
(
Household
Durables
)
,
Callable
2/15/30
@
100.00
.....
3.63
5/15/30
885
5,250
Morgan
Stanley
,
MTN
(
Capital
Markets
)
,
Callable
7/20/26
@
100.00
.........
1.51
(SOFR
+
86
bps)(a)
7/20/27
4,811
4,955
Morgan
Stanley
(
Capital
Markets
)
,
Callable
1/21/32
@
100.00
..............
2.94
(SOFR
+
129
bps)(a)
1/21/33
4,192
1,838
National
Rural
Utilities
Cooperative
Finance
Corp.
(
Financial
Services
)
,
Callable
7/15/32
@
100.00
..........................................
5.80
1/15/33
1,906
450
Netflix,
Inc.
(
Entertainment
)
......................................
5.88
2/15/25
451
1,490
NextEra
Energy
Capital
Holdings,
Inc.
(
Electric
Utilities
)
,
Callable
11/28/32
@
100.00
..................................................
5.05
2/28/33
1,474
1,250
NextEra
Energy
Capital
Holdings,
Inc.
(
Electric
Utilities
)
,
Callable
8/28/52
@
100.00
..................................................
5.25
2/28/53
1,191
1,580
NNN
REIT,
Inc.
(
Retail
REITs
)
,
Callable
1/15/30
@
100.00
................
2.50
4/15/30
1,348
625
NNN
REIT,
Inc.
(
Retail
REITs
)
,
Callable
7/15/33
@
100.00
................
5.60
10/15/33
632
1,395
Northrop
Grumman
Corp.
(
Aerospace
&
Defense
)
,
Callable
4/15/47
@
100.00
..
4.03
10/15/47
1,138
576
Nucor
Corp.
(
Metals
&
Mining
)
,
Callable
2/1/43
@
100.00
.................
5.20
8/1/43
570
780
Oklahoma
Gas
and
Electric
Co.
(
Electric
Utilities
)
,
Callable
10/1/52
@
100.00
..
5.60
4/1/53
787
1,460
Oracle
Corp.
(
Software
)
,
Callable
11/15/44
@
100.00
....................
4.13
5/15/45
1,172
158
HC
CAPITAL
TRUST
The
U.S.
Corporate
Fixed
Income
Securities
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
Corporate
Bonds
(continued)
$
3,175
Ovintiv,
Inc.
(
Oil,
Gas
&
Consumable
Fuels
)
,
Callable
10/1/25
@
100.00
......
5.38
1/1/26
$
3,163
1,435
Philip
Morris
International,
Inc.
(
Tobacco
)
............................
4.50
3/20/42
1,252
1,290
Principal
Financial
Group,
Inc.
(
Insurance
)
,
Callable
3/15/30
@
100.00
........
2.13
6/15/30
1,081
2,534
Progress
Energy,
Inc.
(
Multi-Utilities
)
...............................
6.00
12/1/39
2,577
1,095
Prudential
Financial,
Inc.
(
Insurance
)
................................
4.60
5/15/44
977
152
Prudential
Financial,
Inc.
(
Insurance
)
................................
6.63
6/21/40
170
265
Public
Service
Electric
and
Gas
Co.
(
Electric
Utilities
)
,
Callable
3/1/42
@
100.00
3.65
9/1/42
214
1,739
Reliance,
Inc.
(
Metals
&
Mining
)
,
Callable
7/15/25
@
100.00
...............
1.30
8/15/25
1,642
690
Reliance,
Inc.
(
Metals
&
Mining
)
,
Callable
5/15/30
@
100.00
...............
2.15
8/15/30
580
900
Roper
Technologies,
Inc.
(
Software
)
,
Callable
3/30/30
@
100.00
.............
2.00
6/30/30
751
1,999
RTX
Corp.
(
Aerospace
&
Defense
)
.................................
4.50
6/1/42
1,781
930
Sabra
Health
Care
LP
(
Health
Care
REITs
)
,
Callable
9/1/31
@
100.00
.........
3.20
12/1/31
772
959
Sabra
Health
Care
LP
(
Health
Care
REITs
)
,
Callable
5/15/26
@
100.00
........
5.13
8/15/26
944
920
Southern
Co.
Gas
Capital
Corp.
(
Gas
Utilities
)
,
Callable
11/30/46
@
100.00
....
4.40
5/30/47
764
795
Sysco
Corp.
(
Consumer
Staples
Distribution
&
Retail
)
,
Callable
10/17/33
@
100.00
6.00
1/17/34
844
3,600
The
Goldman
Sachs
Group,
Inc.
(
Capital
Markets
)
,
Callable
7/21/31
@
100.00
..
2.38
(SOFR
+
125
bps)(a)
7/21/32
2,945
2,710
The
Goldman
Sachs
Group,
Inc.
(
Capital
Markets
)
,
Callable
6/5/27
@
100.00
...
3.69
(TSFR3M
+
177
bps)(a)
6/5/28
2,593
345
The
Home
Depot,
Inc.
(
Specialty
Retail
)
,
Callable
6/6/48
@
100.00
..........
4.50
12/6/48
307
1,210
The
Home
Depot,
Inc.
(
Specialty
Retail
)
,
Callable
3/15/40
@
100.00
..........
5.40
9/15/40
1,232
1,065
The
Interpublic
Group
of
Cos.,
Inc.
(
Media
)
...........................
4.20
4/15/24
1,064
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
537
1,760
The
PNC
Financial
Services
Group,
Inc.
(
Banks
)
,
Callable
1/22/34
@
100.00
...
5.68
(SOFR
+
190
bps)(a)
1/22/35
1,767
475
The
Travelers
Cos.,
Inc.
(
Insurance
)
.................................
5.35
11/1/40
480
666
The
Travelers
Cos.,
Inc.
(
Insurance
)
.................................
6.25
6/15/37
732
715
The
Walt
Disney
Co.
(
Entertainment
)
,
Callable
3/15/44
@
100.00
............
4.75
9/15/44
671
730
T-Mobile
USA,
Inc.
(
Wireless
Telecommunication
Services
)
,
Callable
4/15/33
@
100.00
..................................................
5.05
7/15/33
722
1,210
T-Mobile
USA,
Inc.
(
Wireless
Telecommunication
Services
)
,
Callable
7/15/52
@
100.00
..................................................
5.65
1/15/53
1,236
1,490
Truist
Financial
Corp.
,
MTN
(
Banks
)
,
Callable
1/24/34
@
100.00
...........
5.71
(SOFR
+
192
bps)(a)
1/24/35
1,496
552
UDR,
Inc.
,
MTN
(
Residential
REITs
)
,
Callable
5/1/32
@
100.00
............
2.10
8/1/32
432
994
UDR,
Inc.
(
Residential
REITs
)
,
Callable
5/15/31
@
100.00
.................
3.00
8/15/31
863
810
UnitedHealth
Group,
Inc.
(
Health
Care
Providers
&
Services
)
,
Callable
5/15/41
@
100.00
..................................................
4.63
11/15/41
748
605
UnitedHealth
Group,
Inc.
(
Health
Care
Providers
&
Services
)
..............
4.75
7/15/45
566
1,190
Valero
Energy
Corp.
(
Oil,
Gas
&
Consumable
Fuels
)
.....................
6.63
6/15/37
1,293
1,175
Ventas
Realty
LP
(
Diversified
REITs
)
,
Callable
6/1/31
@
100.00
.............
2.50
9/1/31
966
475
Ventas
Realty
LP
(
Diversified
REITs
)
,
Callable
11/1/24
@
100.00
............
3.50
2/1/25
465
670
Ventas
Realty
LP
(
Diversified
REITs
)
................................
3.75
5/1/24
669
945
Ventas
Realty
LP
(
Diversified
REITs
)
,
Callable
10/15/28
@
100.00
...........
4.40
1/15/29
908
715
Verizon
Communications,
Inc.
(
Diversified
Telecommunication
Services
)
,
Callable
12/15/31
@
100.00
.........................................
2.36
3/15/32
586
3,830
Verizon
Communications,
Inc.
(
Diversified
Telecommunication
Services
)
,
Callable
9/22/40
@
100.00
..........................................
3.40
3/22/41
2,992
625
Virginia
Electric
and
Power
Co.
,
Series
B
(
Electric
Utilities
)
,
Callable
3/15/47
@
100.00
..................................................
3.80
9/15/47
483
820
Virginia
Electric
and
Power
Co.
,
Series
D
(
Electric
Utilities
)
,
Callable
2/15/43
@
100.00
..................................................
4.65
8/15/43
736
1,455
Warnermedia
Holdings,
Inc.
(
Diversified
Telecommunication
Services
)
,
Callable
12/15/31
@
100.00
.........................................
4.28
3/15/32
1,294
2,400
Wells
Fargo
&
Co.
,
MTN
(
Banks
)
,
Callable
10/30/29
@
100.00
.............
2.88
(TSFR3M
+
143
bps)(a)
10/30/30
2,122
1,790
Wells
Fargo
&
Co.
,
MTN
(
Banks
)
,
Callable
5/22/27
@
100.00
..............
3.58
(TSFR3M
+
157
bps)(a)
5/22/28
1,702
159
HC
CAPITAL
TRUST
The
U.S.
Corporate
Fixed
Income
Securities
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
Corporate
Bonds
(continued)
$
3,375
Wells
Fargo
&
Co.
(
Banks
)
,
Callable
7/25/32
@
100.00
...................
4.90
(SOFR
+
210
bps)(a)
7/25/33
$
3,236
340
WestRock
MWV
LLC
(
Containers
&
Packaging
)
.......................
8.20
1/15/30
389
3,045
WRKCo,
Inc.
(
Containers
&
Packaging
)
,
Callable
1/15/26
@
100.00
..........
4.65
3/15/26
3,004
Total
Corporate
Bonds
..........................................
197,190
Yankee
Dollars
—
7
.79
%
675
America
Movil
SAB
de
CV
(
Wireless
Telecommunication
Services
)
.........
6.13
11/15/37
708
3,290
Aptiv
PLC/Aptiv
Corp.
(
Specialty
Retail
)
,
Callable
4/15/24
@
100.00
.........
2.40
2/18/25
3,193
525
BHP
Billiton
Finance
USA
Ltd.
(
Metals
&
Mining
)
,
Callable
6/8/33
@
100.00
...
5.25
9/8/33
529
1,246
British
Telecommunications
PLC
(
Diversified
Telecommunication
Services
)
....
9.63
12/15/30
1,524
880
Canadian
Natural
Resources
Ltd.
(
Oil,
Gas
&
Consumable
Fuels
)
,
Callable
6/15/25
@
100.00
................................................
2.05
7/15/25
842
240
Canadian
Pacific
Railway
Co.
(
Ground
Transportation
)
,
Callable
6/2/51
@
100.00
3.10
12/2/51
165
935
Canadian
Pacific
Railway
Co.
(
Ground
Transportation
)
...................
7.13
10/15/31
1,046
836
Deutsche
Telekom
International
Finance
BV
(
Diversified
Telecommunication
Services
)
................................................
8.75
6/15/30
986
1,365
Enbridge,
Inc.
(
Oil,
Gas
&
Consumable
Fuels
)
,
Callable
2/1/51
@
100.00
......
3.40
8/1/51
959
1
Enbridge,
Inc.
(
Oil,
Gas
&
Consumable
Fuels
)
,
Callable
4/15/27
@
100.00
.....
3.70
7/15/27
1
825
Equinor
ASA
(
Oil,
Gas
&
Consumable
Fuels
)
..........................
5.10
8/17/40
823
1,375
Iberdrola
International
BV
(
Electric
Utilities
)
..........................
5.81
3/15/25
1,376
1,490
Iberdrola
International
BV
(
Electric
Utilities
)
..........................
6.75
7/15/36
1,688
755
Nutrien
Ltd.
(
Chemicals
)
,
Callable
9/27/52
@
100.00
.....................
5.80
3/27/53
768
1,143
Orange
SA
(
Diversified
Telecommunication
Services
)
....................
9.00
3/1/31
1,385
2,170
Pfizer
Investment
Enterprises
Pte
Ltd.
(
Capital
Markets
)
,
Callable
11/19/42
@
100.00
..................................................
5.11
5/19/43
2,119
1,225
Shell
International
Finance
BV
(
Oil,
Gas
&
Consumable
Fuels
)
.............
4.55
8/12/43
1,135
620
Telefonica
Emisiones
SA
(
Diversified
Telecommunication
Services
)
..........
7.05
6/20/36
692
1,000
The
Toronto-Dominion
Bank
(
Banks
)
...............................
3.20
3/10/32
876
475
Vodafone
Group
PLC
(
Wireless
Telecommunication
Services
)
..............
4.13
5/30/25
468
456
Vodafone
Group
PLC
(
Wireless
Telecommunication
Services
)
..............
6.15
2/27/37
485
Total
Yankee
Dollars
............................................
21,768
Shares
Investment
Companies
—
20
.69
%
Domestic
Fixed
Income
—
19
.44
%
237,600
Vanguard
Intermediate-Term
Treasury
ETF
............................
13,911
522,400
Vanguard
Short-Term
Corporate
Bond
ETF
............................
40,387
54,298
Money
Market
Funds
—
1
.25
%
476,578
State
Street
Institutional
Treasury
Money
Market
Fund,
Premier
Class
.........
5.24(b)
477
3,025,127
State
Street
Institutional
Treasury
Plus
Money
Market
Fund,
Trust
Class
........
5.20(b)
3,025
3,502
Total
Investment
Companies
......................................
57,800
Total
Investments
(cost
$
287,818
)
—
99
.05
%
.........................
276,758
Other
assets
in
excess
of
liabilities
—
0
.95
%
..........................
2,647
Net
Assets
—
100.00%
..........................................
$
279,405
160
HC
CAPITAL
TRUST
The
U.S.
Corporate
Fixed
Income
Securities
Portfolio
Portfolio
of
Investments
(concluded)
—
March
31,
2024
(Unaudited)
The
following
table
reflects
the
percentage
of
total
net
assets
of
the
Portfolio
attributable
to
each
Specialist
Manager
as
of
March
31,
2024
.
Amounts
designated
as
"—"
indicate
the
Specialist
Manager
did
not
manage
any
holdings
in
that
category. 
(a)
Variable
Rate
Security.
The
rate
disclosed
is
the
rate
in
effect
on
March
31,
2024.
(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
U.S.
Corporate
Fixed
Income
Securities
Portfolio
Agincourt
Capital
Management,
LLC
Parametric
Portfolio
Associates,
LLC
HC
Capital
Solutions
Total
Corporate
Bonds
..............................................................................................................................
70.57
%
—
—
70.57
%
Yankee
Dollars
.................................................................................................................................
7.79
%
—
—
7.79
%
Investment
Companies
.....................................................................................................................
0.17
%
20.01
%
0.51
%
20.69
%
Other
Assets
(Liabilities)
.................................................................................................................
0.83
%
0.07
0.05
%
0.95
%
Total
Net
Assets
..........................................................................................................................
79.36
%
20.08
%
0.56
%
100.00
%
The
following
table
reflects
the
open
derivative
positions
held
by
the
Portfolio
as
of
March
31,
2024
.
Futures
Contracts
Purchased
*
Description
Number
of
Contracts
Expiration
Date
Notional
Amount
(000)
Value
and
Unrealized
Appreciation/
(Depreciation)
(000)
2
Year
US
Treasury
Note
Future
...................
200
7/1/24
$
40,897
$
40
$
40,897
$
40
Total
Unrealized
Appreciation
.....................
$
40
Total
Unrealized
Depreciation
.....................
—
Total
Net
Unrealized
Appreciation/(Depreciation)
.......
$
40
*
Cash
has
been
pledged
as
collateral
for
futures
contracts
held
by
the
Portfolio.
HC
CAPITAL
TRUST
The
U.S.
Mortgage/Asset
Backed
Fixed
Income
Securities
Portfolio
of
Investments
—
March
31,
2024
(Unaudited)
161
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
Asset
Backed
Securities
—
1
.59
%
$
100
American
Express
Credit
Account
Master
Trust
,
Series
2022-2
,
Class
-
A
.......
3.39
5/15/27
$
98
300
American
Express
Credit
Account
Master
Trust
,
Series
2023-1
,
Class
-
A
.......
4.87
5/15/28
297
150
American
Express
Credit
Account
Master
Trust
,
Series
2022-4
,
Class
-
A
.......
4.95
10/15/27
150
100
BA
Credit
Card
Trust
,
Series
2022-A1
,
Class
-
A1
........................
3.53
11/15/27
98
100
Barclays
Dryrock
Issuance
Trust
,
Series
2022-1
,
Class
-
A
..................
3.07
2/15/28
98
140
Capital
One
Multi-Asset
Execution
Trust
,
Series
2021-A2
,
Class
-
A2
.........
1.39
7/15/30
122
200
Capital
One
Multi-Asset
Execution
Trust
,
Series
2022-A2
,
Class
-
A
..........
3.49
5/15/27
196
100
CarMax
Auto
Owner
Trust
,
Series
2023-1
,
Class
-
A3
,
Callable
12/15/26
@
100.00
4.75
10/15/27
99
75
Carvana
Auto
Receivables
Trust
,
Series
2022-P2
,
Class
-
A4
,
Callable
12/10/27
@
100.00
...................................................
4.68
2/10/28
74
100
Chase
Issuance
Trust
,
Series
2024-A2
,
Class
-
A
.........................
4.63
1/15/31
99
100
CNH
Equipment
Trust
,
Series
2022-C
,
Class
-
A3
,
Callable
5/15/27
@
100.00
...
5.15
4/17/28
100
150
GM
Financial
Consumer
Automobile
Receivables
Trust
,
Series
2023-1
,
Class
-
A3
,
Callable
1/16/27
@
100.00
....................................
4.66
2/16/28
149
150
GM
Financial
Consumer
Automobile
Receivables
Trust
,
Series
2024-1
,
Class
-
A3
,
Callable
7/16/27
@
100.00
....................................
4.85
12/18/28
150
75
Honda
Auto
Receivables
Owner
Trust
,
Series
2023-1
,
Class
-
A4
,
Callable
7/21/26
@
100.00
................................................
4.97
6/21/29
75
100
Honda
Auto
Receivables
Owner
Trust
,
Series
2023-3
,
Class
-
A4
,
Callable
12/18/26
@
100.00
................................................
5.30
12/18/29
101
125
Hyundai
Auto
Receivables
Trust
,
Series
2023-C
,
Class
-
A3
,
Callable
3/15/28
@
100.00
...................................................
5.54
10/16/28
126
150
Mercedes-Benz
Auto
Receivables
Trust
,
Series
2023-1
,
Class
-
A3
,
Callable
11/15/26
@
100.00
................................................
4.51
11/15/27
148
100
Nissan
Auto
Receivables
Owner
Trust
,
Series
2023-A
,
Class
-
A3
,
Callable
2/15/27
@
100.00
................................................
4.91
11/15/27
100
150
Santander
Drive
Auto
Receivables
Trust
,
Series
2023-4
,
Class
-
A3
,
Callable
2/15/27
@
100.00
................................................
5.73
4/17/28
150
100
Synchrony
Card
Funding
LLC
,
Series
2022-A1
,
Class
-
A
,
Callable
4/15/25
@
100.00
...................................................
3.37
4/15/28
98
100
Toyota
Auto
Receivables
Owner
Trust
,
Series
2022-C
,
Class
-
A3
,
Callable
11/15/26
@
100.00
................................................
3.76
4/15/27
98
85
Toyota
Auto
Receivables
Owner
Trust
,
Series
2023-A
,
Class
-
A3
,
Callable
4/15/27
@
100.00
................................................
4.63
9/15/27
84
200
Toyota
Auto
Receivables
Owner
Trust
,
Series
2024-A
,
Class
-
A4
,
Callable
11/15/27
@
100.00
................................................
4.77
4/16/29
199
150
Verizon
Master
Trust
,
Series
2022-2
,
Class
-
A
,
Callable
1/20/25
@
100.00
......
1.53
7/20/28
145
100
Verizon
Master
Trust
,
Series
2022-6
,
Class
-
A
,
Callable
7/20/25
@
100.00
......
3.67
1/22/29
98
125
Volkswagen
Auto
Loan
Enhanced
Trust
,
Series
2023-1
,
Class
-
A3
,
Callable
3/20/27
@
100.00
................................................
5.02
6/20/28
125
200
World
Omni
Auto
Receivables
Trust
,
Series
2021-C
,
Class
-
A4
,
Callable
8/15/25
@
100.00
...................................................
0.64
9/15/27
187
75
World
Omni
Auto
Receivables
Trust
,
Series
2023-B
,
Class
-
A3
,
Callable
12/15/26
@
100.00
................................................
4.66
5/15/28
74
Total
Asset
Backed
Securities
.....................................
3,538
Collateralized
Mortgage
Obligations
—
4
.96
%
150
Bank
,
Series
2020-BN26
,
Class
-
A4
,
Callable
3/15/30
@
100.00
.............
2.40
3/15/63
128
300
Bank
,
Series
2021-BN37
,
Class
-
A5
,
Callable
11/15/31
@
100.00
............
2.62(a)
11/15/64
253
100
Bank
,
Series
2019-BN21
,
Class
-
A5
,
Callable
10/15/29
@
100.00
............
2.85
10/17/52
88
100
Bank
,
Series
2019-BN19
,
Class
-
A3
,
Callable
7/15/29
@
100.00
.............
3.18
8/15/61
86
188
Bank
,
Series
2017-BNK9
,
Class
-
ASB
,
Callable
12/15/29
@
100.00
..........
3.47
11/15/54
181
300
Bank
,
Series
2018-BN10
,
Class
-
A5
,
Callable
2/15/28
@
100.00
.............
3.69
2/15/61
284
100
Bank
,
Series
2019-BN17
,
Class
-
A4
,
Callable
4/15/29
@
100.00
.............
3.71
4/15/52
94
150
Bank
,
Series
2022-BNK41
,
Class
-
A4
................................
3.79(a)
4/15/65
138
60
BBCMS
Mortgage
Trust
,
Series
2020-C7
,
Class
-
AS
,
Callable
4/15/30
@
100.00
.
2.44
4/15/53
48
400
BBCMS
Mortgage
Trust
,
Series
2022-C15
,
Class
-
A5
,
Callable
4/15/32
@
100.00
3.66(a)
4/15/55
361
50
BBCMS
Mortgage
Trust
,
Series
2023-C21
,
Class
-
A5
,
Callable
9/15/33
@
100.00
6.00(a)
9/15/56
53
162
HC
CAPITAL
TRUST
The
U.S.
Mortgage/Asset
Backed
Fixed
Income
Securities
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
Collateralized
Mortgage
Obligations
(continued)
$
125
BBCMS
Mortgage
Trust
,
Series
2023-C22
,
Class
-
A5
,
Callable
10/15/33
@
100.00
6.80(a)
11/15/56
$
141
150
Benchmark
Mortgage
Trust
,
Series
2021-B25
,
Class
-
ASB
,
Callable
4/15/31
@
100.00
...................................................
2.27
4/15/54
133
100
Benchmark
Mortgage
Trust
,
Series
2020-IG1
,
Class
-
AS
,
Callable
1/15/30
@
100.00
2.91(a)
9/15/43
75
200
Benchmark
Mortgage
Trust
,
Series
2022-B33
,
Class
-
A5
,
Callable
3/15/32
@
100.00
...................................................
3.46
3/15/55
178
250
Benchmark
Mortgage
Trust
,
Series
2019-B9
,
Class
-
A5
,
Callable
2/15/29
@
100.00
4.02
3/15/52
233
200
Benchmark
Mortgage
Trust
,
Series
2018-B6
,
Class
-
A4
,
Callable
10/10/28
@
100.00
...................................................
4.26
10/10/51
189
100
Citigroup
Commercial
Mortgage
Trust
,
Series
2020-GC46
,
Class
-
AS
,
Callable
2/15/30
@
100.00
..........................................
2.92
2/15/53
85
150
Citigroup
Commercial
Mortgage
Trust
,
Series
2019-C7
,
Class
-
A4
,
Callable
12/15/29
@
100.00
..........................................
3.10
12/15/72
132
100
Citigroup
Commercial
Mortgage
Trust
,
Series
2016-GC37
,
Class
-
A4
,
Callable
3/10/26
@
100.00
..........................................
3.31
4/10/49
95
100
Citigroup
Commercial
Mortgage
Trust
,
Series
2016-GC36
,
Class
-
A5
,
Callable
2/10/26
@
100.00
..........................................
3.62
2/10/49
95
50
COMM
Mortgage
Trust
,
Series
2019-GC44
,
Class
-
ASB
,
Callable
11/15/29
@
100.00
...................................................
2.87
8/15/57
47
194
Fannie
Mae-ACES
,
Series
2020-M8
,
Class
-
A2
.........................
1.82
2/25/30
165
176
Fannie
Mae-ACES
,
Series
2022-M11
,
Class
-
A2
........................
2.95(a)
10/25/27
165
165
Fannie
Mae-ACES
,
Series
2017-M7
,
Class
-
A2
.........................
2.96(a)
2/25/27
156
96
Fannie
Mae-ACES
,
Series
2017-M11
,
Class
-
A2
........................
2.98
8/25/29
89
191
Fannie
Mae-ACES
,
Series
2017-M12
,
Class
-
A2
........................
3.06(a)
6/25/27
183
170
Fannie
Mae-ACES
,
Series
2017-
M15
,
Class
-
ATS2
......................
3.15(a)
11/25/27
161
238
Fannie
Mae-ACES
,
Series
2018-M14
,
Class
-
A2
........................
3.58(a)
8/25/28
228
181
Fannie
Mae-ACES
,
Series
2019-M2
,
Class
-
A2
.........................
3.62(a)
11/25/28
173
300
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates
,
Series
K117
,
Class
-
A2
.....................................................
1.41
8/25/30
247
300
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates
,
Series
K-1516
,
Class
-
A2
....................................................
1.72
5/25/35
219
58
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates
,
Series
K106
,
Class
-
A1
.....................................................
1.78
10/25/29
53
390
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates
,
Series
K126
,
Class
-
A2
.....................................................
2.07
1/25/31
332
200
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates
,
Series
K133
,
Class
-
A2
.....................................................
2.10
9/25/31
168
300
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates
,
Series
K749
,
Class
-
AM
.....................................................
2.12
4/25/29
263
150
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates
,
Series
K749
,
Class
-
A2
.....................................................
2.12(a)
3/25/29
134
100
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates
,
Series
K136
,
Class
-
A2
,
Callable
12/25/31
@
100.00
................................
2.13
11/25/31
84
300
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates
,
Series
K-1521
,
Class
-
A2
....................................................
2.18
8/25/36
224
43
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates
,
Series
K099
,
Class
-
A1
.....................................................
2.26
6/25/29
40
42
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates
,
Series
K058
,
Class
-
A1
.....................................................
2.34
7/25/26
41
350
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates
,
Series
K055
,
Class
-
A2
.....................................................
2.67
3/25/26
336
75
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates
,
Series
K-1514
,
Class
-
A2
....................................................
2.86
10/25/34
63
200
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates
,
Series
K147
,
Class
-
A2
,
Callable
6/25/32
@
100.00
.................................
3.00(a)
6/25/32
177
100
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates
,
Series
K092
,
Class
-
A2
.....................................................
3.30
4/25/29
94
100
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates
,
Series
K047
,
Class
-
A2
.....................................................
3.33(a)
5/25/25
98
163
HC
CAPITAL
TRUST
The
U.S.
Mortgage/Asset
Backed
Fixed
Income
Securities
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
Collateralized
Mortgage
Obligations
(continued)
$
250
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates
,
Series
K091
,
Class
-
A2
.....................................................
3.51
3/25/29
$
237
250
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates
,
Series
K087
,
Class
-
A2
.....................................................
3.77
12/25/28
240
150
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates
,
Series
K-152
,
Class
-
A2
.....................................................
3.78
11/25/32
140
75
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates
,
Series
K-153
,
Class
-
AM
.....................................................
3.82
12/25/32
70
500
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates
,
Series
K077
,
Class
-
A2
.....................................................
3.85
5/25/28
483
400
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates
,
Series
K081
,
Class
-
A2
.....................................................
3.90(a)
8/25/28
387
150
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates
,
Series
K751
,
Class
-
A2
.....................................................
4.41
3/25/30
148
224
GS
Mortgage
Securities
Trust
,
Series
2016-GS2
,
Class
-
A3
,
Callable
5/10/26
@
100.00
...................................................
2.79
5/10/49
211
200
GS
Mortgage
Securities
Trust
,
Series
2019-GC42
,
Class
-
A4
,
Callable
9/10/29
@
100.00
...................................................
3.00
9/10/52
176
100
GS
Mortgage
Securities
Trust
,
Series
2020-GC45
,
Class
-
AS
,
Callable
1/13/30
@
100.00
...................................................
3.17(a)
2/13/53
85
250
GS
Mortgage
Securities
Trust
,
Series
2017-GS5
,
Class
-
A4
,
Callable
3/10/27
@
100.00
...................................................
3.67
3/10/50
232
100
GS
Mortgage
Securities
Trust
,
Series
2018-GS10
,
Class
-
A5
,
Callable
7/10/28
@
100.00
...................................................
4.16(a)
7/10/51
93
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
189
200
Morgan
Stanley
Capital
I
Trust
,
Series
2017-H1
,
Class
-
A4
,
Callable
6/15/27
@
100.00
...................................................
3.26
6/15/50
186
100
MSWF
Commercial
Mortgage
Trust
,
Series
2023-1
,
Class
-
A5
,
Callable
6/15/33
@
100.00
...................................................
5.75
5/15/56
105
100
SG
Commercial
Mortgage
Securities
Trust
,
Series
2016-C5
,
Class
-
A4
,
Callable
7/10/26
@
100.00
..........................................
3.06
10/10/48
94
122
Wells
Fargo
Commercial
Mortgage
Trust
,
Series
2019-C53
,
Class
-
A4
,
Callable
10/15/29
@
100.00
..........................................
3.04
10/15/52
110
500
Wells
Fargo
Commercial
Mortgage
Trust
,
Series
2016-C34
,
Class
-
A4
,
Callable
5/15/26
@
100.00
..........................................
3.10
6/15/49
470
183
Wells
Fargo
Commercial
Mortgage
Trust
,
Series
2015-C30
,
Class
-
A4
,
Callable
8/15/25
@
100.00
..........................................
3.66
9/15/58
177
124
Wells
Fargo
Commercial
Mortgage
Trust
,
Series
2015-P2
,
Class
-
A4
,
Callable
12/15/25
@
100.00
..........................................
3.81
12/15/48
120
100
Wells
Fargo
Commercial
Mortgage
Trust
,
Series
2018-C47
,
Class
-
A4
,
Callable
10/15/28
@
100.00
..........................................
4.44
9/15/61
97
Total
Collateralized
Mortgage
Obligations
...........................
11,060
U.S.
Government
Agency
Mortgages
—
81
.81
%
345
Fannie
Mae
,
Pool
#MA4417
.......................................
1.50
9/1/36
300
99
Fannie
Mae
,
Pool
#MA4122
.......................................
1.50
9/1/35
86
127
Fannie
Mae
,
Pool
#FM9249
.......................................
1.50
10/1/41
101
90
Fannie
Mae
,
Pool
#BT2055
........................................
1.50
3/1/37
78
272
Fannie
Mae
,
Pool
#FS1327
........................................
1.50
6/1/36
236
369
Fannie
Mae
,
Pool
#CA7696
.......................................
1.50
11/1/50
278
126
Fannie
Mae
,
Pool
#FS2037
........................................
1.50
5/1/37
109
76
Fannie
Mae
,
Pool
#MA4286
.......................................
1.50
3/1/41
63
352
Fannie
Mae
,
Pool
#MA4441
.......................................
1.50
10/1/36
306
425
Fannie
Mae
,
Pool
#MA4354
.......................................
1.50
6/1/51
321
391
Fannie
Mae
,
Pool
#MA4280
.......................................
1.50
3/1/51
294
137
Fannie
Mae
,
Pool
#MA4310
.......................................
1.50
4/1/41
111
439
Fannie
Mae
,
Pool
#MA4397
.......................................
1.50
8/1/51
331
164
HC
CAPITAL
TRUST
The
U.S.
Mortgage/Asset
Backed
Fixed
Income
Securities
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
162
Fannie
Mae
,
Pool
#MA4386
.......................................
1.50
7/1/41
$
131
40
Fannie
Mae
,
Pool
#MA4342
.......................................
1.50
5/1/41
33
20
Fannie
Mae
,
Pool
#MA4181
.......................................
1.50
11/1/50
15
312
Fannie
Mae
,
Pool
#MA4236
.......................................
1.50
1/1/51
235
190
Fannie
Mae
,
Pool
#MA4302
.......................................
1.50
4/1/36
165
375
Fannie
Mae
,
Pool
#MA4304
.......................................
1.50
4/1/51
283
233
Fannie
Mae
,
Pool
#BQ5781
.......................................
1.50
11/1/35
204
317
Fannie
Mae
,
Pool
#CB0310
.......................................
1.50
4/1/36
274
367
Fannie
Mae
,
Pool
#CA7695
.......................................
1.50
11/1/50
277
380
Fannie
Mae
,
Pool
#MA4343
.......................................
1.50
5/1/51
287
169
Fannie
Mae
,
Pool
#MA4266
.......................................
1.50
2/1/41
138
362
Fannie
Mae
,
Pool
#FM6579
.......................................
1.50
3/1/51
277
395
Fannie
Mae
,
Pool
#CB0711
........................................
1.50
6/1/51
300
83
Fannie
Mae
,
Pool
#MA4445
.......................................
1.50
10/1/41
67
288
Fannie
Mae
,
Pool
#BQ3141
.......................................
1.50
10/1/35
251
178
Fannie
Mae
,
Pool
#BQ5160
.......................................
2.00
12/1/50
142
365
Fannie
Mae
,
Pool
#FM6448
.......................................
2.00
3/1/51
291
386
Fannie
Mae
,
Pool
#CB0684
.......................................
2.00
6/1/51
307
390
Fannie
Mae
,
Pool
#CB0497
.......................................
2.00
5/1/51
312
375
Fannie
Mae
,
Pool
#CB0325
.......................................
2.00
4/1/51
300
12
Fannie
Mae
,
Pool
#AY4232
.......................................
2.00
5/1/30
11
443
Fannie
Mae
,
Pool
#MA4511
.......................................
2.00
1/1/52
351
362
Fannie
Mae
,
Pool
#MA4442
.......................................
2.00
10/1/36
322
495
Fannie
Mae
,
Pool
#BR4094
.......................................
2.00
1/1/51
394
449
Fannie
Mae
,
Pool
#BR0948
.......................................
2.00
4/1/51
356
256
Fannie
Mae
,
Pool
#MA4208
.......................................
2.00
12/1/50
203
428
Fannie
Mae
,
Pool
#FM4969
.......................................
2.00
12/1/50
345
337
Fannie
Mae
,
Pool
#MA4237
.......................................
2.00
1/1/51
268
395
Fannie
Mae
,
Pool
#MA4182
.......................................
2.00
11/1/50
313
411
Fannie
Mae
,
Pool
#CB1787
.......................................
2.00
10/1/51
329
342
Fannie
Mae
,
Pool
#BR2176
.......................................
2.00
7/1/36
304
418
Fannie
Mae
,
Pool
#MA4378
.......................................
2.00
7/1/51
331
342
Fannie
Mae
,
Pool
#MA4255
.......................................
2.00
2/1/51
272
29
Fannie
Mae
,
Pool
#MA4093
.......................................
2.00
8/1/40
24
39
Fannie
Mae
,
Pool
#MA4071
.......................................
2.00
7/1/40
33
321
Fannie
Mae
,
Pool
#CA7225
.......................................
2.00
10/1/50
256
251
Fannie
Mae
,
Pool
#FS0355
........................................
2.00
9/1/51
199
206
Fannie
Mae
,
Pool
#FM4039
.......................................
2.00
10/1/35
184
143
Fannie
Mae
,
Pool
#BP6626
........................................
2.00
8/1/50
114
352
Fannie
Mae
,
Pool
#MA4128
.......................................
2.00
9/1/40
298
86
Fannie
Mae
,
Pool
#FS0317
........................................
2.00
2/1/42
72
164
Fannie
Mae
,
Pool
#MA4176
.......................................
2.00
11/1/40
139
304
Fannie
Mae
,
Pool
#CA7224
.......................................
2.00
10/1/50
242
296
Fannie
Mae
,
Pool
#CA9183
.......................................
2.00
2/1/36
265
310
Fannie
Mae
,
Pool
#MA4403
.......................................
2.00
8/1/36
275
269
Fannie
Mae
,
Pool
#FM3755
.......................................
2.00
9/1/35
240
382
Fannie
Mae
,
Pool
#CA8110
.......................................
2.00
12/1/50
305
389
Fannie
Mae
,
Pool
#CB1620
.......................................
2.00
9/1/51
311
409
Fannie
Mae
,
Pool
#FM9704
.......................................
2.00
12/1/51
326
479
Fannie
Mae
,
Pool
#BQ5112
.......................................
2.00
11/1/50
381
398
Fannie
Mae
,
Pool
#FM9579
.......................................
2.00
7/1/51
316
442
Fannie
Mae
,
Pool
#FM7411
.......................................
2.00
5/1/51
350
341
Fannie
Mae
,
Pool
#MA4602
.......................................
2.00
5/1/37
302
419
Fannie
Mae
,
Pool
#MA4536
.......................................
2.00
2/1/37
372
358
Fannie
Mae
,
Pool
#MA4305
.......................................
2.00
4/1/51
284
303
Fannie
Mae
,
Pool
#MA4303
.......................................
2.00
4/1/36
270
129
Fannie
Mae
,
Pool
#MA4287
.......................................
2.00
3/1/41
108
8
Fannie
Mae
,
Pool
#CA0052
.......................................
2.00
7/1/32
8
438
Fannie
Mae
,
Pool
#MA4158
.......................................
2.00
10/1/50
347
165
HC
CAPITAL
TRUST
The
U.S.
Mortgage/Asset
Backed
Fixed
Income
Securities
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
205
Fannie
Mae
,
Pool
#CA8118
.......................................
2.00
12/1/50
$
164
412
Fannie
Mae
,
Pool
#FM9441
.......................................
2.00
4/1/51
327
481
Fannie
Mae
,
Pool
#FM4788
.......................................
2.00
11/1/50
384
40
Fannie
Mae
,
Pool
#FM9724
.......................................
2.00
11/1/36
35
12
Fannie
Mae
,
Pool
#BJ4362
........................................
2.00
11/1/32
11
220
Fannie
Mae
,
Pool
#MA4437
.......................................
2.00
10/1/51
174
287
Fannie
Mae
,
Pool
#BU7103
.......................................
2.00
12/1/51
228
107
Fannie
Mae
,
Pool
#MA4155
.......................................
2.00
10/1/35
96
446
Fannie
Mae
,
Pool
#BK8461
.......................................
2.00
1/1/51
355
313
Fannie
Mae
,
Pool
#BP9370
........................................
2.00
7/1/50
250
449
Fannie
Mae
,
Pool
#CA9273
.......................................
2.00
2/1/51
359
233
Fannie
Mae
,
Pool
#MA4119
.......................................
2.00
9/1/50
185
13
Fannie
Mae
,
Pool
#AS0001
........................................
2.00
7/1/28
12
319
Fannie
Mae
,
Pool
#BQ7777
.......................................
2.00
3/1/36
284
244
Fannie
Mae
,
Pool
#MA4355
.......................................
2.00
6/1/51
194
344
Fannie
Mae
,
Pool
#BQ3004
.......................................
2.00
10/1/50
274
349
Fannie
Mae
,
Pool
#MA4281
.......................................
2.00
3/1/51
276
350
Fannie
Mae
,
Pool
#FM6852
.......................................
2.00
5/1/51
281
141
Fannie
Mae
,
Pool
#MA4204
.......................................
2.00
12/1/40
120
336
Fannie
Mae
,
Pool
#MA4360
.......................................
2.00
6/1/36
299
224
Fannie
Mae
,
Pool
#BR4435
.......................................
2.00
4/1/51
178
260
Fannie
Mae
,
Pool
#FS1621
........................................
2.00
7/1/51
206
430
Fannie
Mae
,
Pool
#CA8252
.......................................
2.00
12/1/45
343
352
Fannie
Mae
,
Pool
#CA8850
.......................................
2.00
2/1/51
280
436
Fannie
Mae
,
Pool
#FS1334
........................................
2.00
11/1/51
347
343
Fannie
Mae
,
Pool
#BQ8341
.......................................
2.00
12/1/50
273
361
Fannie
Mae
,
Pool
#BQ9685
.......................................
2.00
1/1/51
288
66
Fannie
Mae
,
Pool
#AS1058
........................................
2.00
11/1/28
62
224
Fannie
Mae
,
Pool
#MA4325
.......................................
2.00
5/1/51
177
82
Fannie
Mae
,
Pool
#MA4474
.......................................
2.00
11/1/41
69
387
Fannie
Mae
,
Pool
#CA8687
.......................................
2.00
1/1/51
309
353
Fannie
Mae
,
Pool
#FM6555
.......................................
2.00
4/1/51
283
444
Fannie
Mae
,
Pool
#CA8933
.......................................
2.00
2/1/51
356
228
Fannie
Mae
,
Pool
#FM5044
.......................................
2.00
12/1/50
184
120
Fannie
Mae
,
Pool
#FM5453
.......................................
2.00
1/1/41
102
378
Fannie
Mae
,
Pool
#CA7833
.......................................
2.00
11/1/50
304
409
Fannie
Mae
,
Pool
#BT0240
........................................
2.00
9/1/51
325
35
Fannie
Mae
,
Pool
#MA2906
.......................................
2.00
2/1/32
33
61
Fannie
Mae
,
Pool
#BU8781
.......................................
2.00
4/1/37
55
162
Fannie
Mae
,
Pool
#MA4333
.......................................
2.00
5/1/41
137
369
Fannie
Mae
,
Pool
#FM5308
.......................................
2.00
12/1/50
294
286
Fannie
Mae
,
Pool
#CA8955
.......................................
2.50
2/1/51
240
26
Fannie
Mae
,
Pool
#MA3217
.......................................
2.50
12/1/32
25
61
Fannie
Mae
,
Pool
#MA1277
.......................................
2.50
12/1/27
59
220
Fannie
Mae
,
Pool
#CA6074
.......................................
2.50
6/1/50
183
357
Fannie
Mae
,
Pool
#BR7857
.......................................
2.50
5/1/51
297
237
Fannie
Mae
,
Pool
#CA6304
.......................................
2.50
7/1/50
197
391
Fannie
Mae
,
Pool
#FM9033
.......................................
2.50
10/1/51
327
221
Fannie
Mae
,
Pool
#BO4657
.......................................
2.50
11/1/49
184
202
Fannie
Mae
,
Pool
#CA8132
.......................................
2.50
12/1/50
169
24
Fannie
Mae
,
Pool
#MA4016
.......................................
2.50
5/1/40
21
60
Fannie
Mae
,
Pool
#MA4053
.......................................
2.50
6/1/35
55
79
Fannie
Mae
,
Pool
#MA3154
.......................................
2.50
10/1/32
74
84
Fannie
Mae
,
Pool
#MA3827
.......................................
2.50
11/1/34
78
143
Fannie
Mae
,
Pool
#MA3246
.......................................
2.50
1/1/33
134
43
Fannie
Mae
,
Pool
#MA3764
.......................................
2.50
9/1/34
40
61
Fannie
Mae
,
Pool
#FM3296
.......................................
2.50
5/1/35
55
10
Fannie
Mae
,
Pool
#MA3830
.......................................
2.50
11/1/39
9
62
Fannie
Mae
,
Pool
#MA1210
.......................................
2.50
10/1/27
60
166
HC
CAPITAL
TRUST
The
U.S.
Mortgage/Asset
Backed
Fixed
Income
Securities
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
8
Fannie
Mae
,
Pool
#MA1511
.......................................
2.50
7/1/33
$
7
15
Fannie
Mae
,
Pool
#MA1270
.......................................
2.50
11/1/32
14
209
Fannie
Mae
,
Pool
#CB1131
........................................
2.50
7/1/51
173
418
Fannie
Mae
,
Pool
#CB1828
.......................................
2.50
10/1/51
348
111
Fannie
Mae
,
Pool
#MA4099
.......................................
2.50
8/1/35
102
18
Fannie
Mae
,
Pool
#AS0513
........................................
2.50
8/1/43
16
315
Fannie
Mae
,
Pool
#CA8131
.......................................
2.50
12/1/50
264
248
Fannie
Mae
,
Pool
#CA6075
.......................................
2.50
6/1/50
206
52
Fannie
Mae
,
Pool
#AS4946
........................................
2.50
5/1/30
49
7
Fannie
Mae
,
Pool
#MA2888
.......................................
2.50
1/1/47
6
227
Fannie
Mae
,
Pool
#FM2881
.......................................
2.50
4/1/50
191
44
Fannie
Mae
,
Pool
#AS8892
........................................
2.50
2/1/32
40
249
Fannie
Mae
,
Pool
#MA4256
.......................................
2.50
2/1/51
208
278
Fannie
Mae
,
Pool
#FM4638
.......................................
2.50
10/1/50
231
299
Fannie
Mae
,
Pool
#FM4309
.......................................
2.50
9/1/50
250
447
Fannie
Mae
,
Pool
#CB2523
.......................................
2.50
1/1/52
374
18
Fannie
Mae
,
Pool
#BJ3742
........................................
2.50
12/1/32
17
217
Fannie
Mae
,
Pool
#MA4210
.......................................
2.50
12/1/50
181
43
Fannie
Mae
,
Pool
#AU2619
.......................................
2.50
8/1/28
41
170
Fannie
Mae
,
Pool
#MA4414
.......................................
2.50
9/1/51
141
5
Fannie
Mae
,
Pool
#AS8172
........................................
2.50
10/1/36
5
409
Fannie
Mae
,
Pool
#BU1451
.......................................
2.50
1/1/52
340
53
Fannie
Mae
,
Pool
#AP4742
........................................
2.50
8/1/27
51
442
Fannie
Mae
,
Pool
#FM8745
.......................................
2.50
9/1/51
366
137
Fannie
Mae
,
Pool
#BQ0329
.......................................
2.50
7/1/50
115
226
Fannie
Mae
,
Pool
#BP5878
........................................
2.50
6/1/50
189
26
Fannie
Mae
,
Pool
#MA3801
.......................................
2.50
10/1/49
22
21
Fannie
Mae
,
Pool
#FM9543
.......................................
2.50
12/1/51
17
12
Fannie
Mae
,
Pool
#AS8437
........................................
2.50
12/1/36
11
235
Fannie
Mae
,
Pool
#MA4096
.......................................
2.50
8/1/50
196
231
Fannie
Mae
,
Pool
#MA4159
.......................................
2.50
10/1/50
194
174
Fannie
Mae
,
Pool
#MA4183
.......................................
2.50
11/1/50
146
43
Fannie
Mae
,
Pool
#AO3019
.......................................
2.50
5/1/27
41
48
Fannie
Mae
,
Pool
#BE3032
........................................
2.50
1/1/32
44
18
Fannie
Mae
,
Pool
#MA3737
.......................................
2.50
8/1/34
17
146
Fannie
Mae
,
Pool
#MA2730
.......................................
2.50
8/1/46
124
8
Fannie
Mae
,
Pool
#MA3788
.......................................
2.50
9/1/39
7
256
Fannie
Mae
,
Pool
#FM3494
.......................................
2.50
4/1/48
218
13
Fannie
Mae
,
Pool
#AZ6458
.......................................
2.50
7/1/30
12
46
Fannie
Mae
,
Pool
#AU6387
.......................................
2.50
11/1/28
44
386
Fannie
Mae
,
Pool
#BU5917
.......................................
2.50
12/1/51
325
316
Fannie
Mae
,
Pool
#MA4517
.......................................
2.50
1/1/37
288
95
Fannie
Mae
,
Pool
#MA3765
.......................................
2.50
9/1/49
80
8
Fannie
Mae
,
Pool
#MA2854
.......................................
2.50
12/1/46
7
449
Fannie
Mae
,
Pool
#CA9289
.......................................
2.50
2/1/51
373
210
Fannie
Mae
,
Pool
#FM3027
.......................................
2.50
12/1/46
175
20
Fannie
Mae
,
Pool
#CB2979
.......................................
2.50
2/1/37
18
391
Fannie
Mae
,
Pool
#FM8997
.......................................
2.50
10/1/51
327
70
Fannie
Mae
,
Pool
#AB7391
.......................................
2.50
12/1/42
61
21
Fannie
Mae
,
Pool
#MA3282
.......................................
2.50
2/1/33
20
32
Fannie
Mae
,
Pool
#AS8246
........................................
2.50
11/1/31
29
274
Fannie
Mae
,
Pool
#FM3878
.......................................
2.50
7/1/50
232
282
Fannie
Mae
,
Pool
#CA7237
.......................................
2.50
10/1/50
236
310
Fannie
Mae
,
Pool
#MA4541
.......................................
2.50
2/1/42
267
18
Fannie
Mae
,
Pool
#AS4660
........................................
2.50
3/1/30
17
28
Fannie
Mae
,
Pool
#AT2717
........................................
2.50
5/1/43
25
59
Fannie
Mae
,
Pool
#MA3965
.......................................
2.50
3/1/40
52
27
Fannie
Mae
,
Pool
#BJ3944
........................................
2.50
1/1/33
25
390
Fannie
Mae
,
Pool
#CB1556
.......................................
2.50
9/1/51
326
167
HC
CAPITAL
TRUST
The
U.S.
Mortgage/Asset
Backed
Fixed
Income
Securities
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
44
Fannie
Mae
,
Pool
#MA3955
.......................................
2.50
3/1/35
$
40
376
Fannie
Mae
,
Pool
#MA4399
.......................................
2.50
8/1/51
313
23
Fannie
Mae
,
Pool
#AU5334
.......................................
2.50
11/1/28
22
405
Fannie
Mae
,
Pool
#FS0030
........................................
2.50
4/1/51
336
454
Fannie
Mae
,
Pool
#FS0235
........................................
2.50
1/1/52
377
43
Fannie
Mae
,
Pool
#MA3896
.......................................
2.50
1/1/35
40
320
Fannie
Mae
,
Pool
#BQ5110
.......................................
2.50
11/1/50
268
224
Fannie
Mae
,
Pool
#BK2588
.......................................
2.50
5/1/50
187
44
Fannie
Mae
,
Pool
#FS0547
........................................
2.50
2/1/52
37
109
Fannie
Mae
,
Pool
#FS1340
........................................
2.50
3/1/52
91
384
Fannie
Mae
,
Pool
#CB0415
.......................................
2.50
5/1/51
320
134
Fannie
Mae
,
Pool
#MA3990
.......................................
2.50
4/1/50
112
233
Fannie
Mae
,
Pool
#MA4078
.......................................
2.50
7/1/50
195
53
Fannie
Mae
,
Pool
#BC9041
.......................................
2.50
11/1/31
49
4
Fannie
Mae
,
Pool
#MA2789
.......................................
2.50
10/1/36
4
136
Fannie
Mae
,
Pool
#MA3902
.......................................
2.50
1/1/50
114
16
Fannie
Mae
,
Pool
#MA2868
.......................................
2.50
1/1/32
15
409
Fannie
Mae
,
Pool
#CB1784
.......................................
2.50
10/1/51
338
241
Fannie
Mae
,
Pool
#FM4231
.......................................
2.50
9/1/50
200
121
Fannie
Mae
,
Pool
#MA4075
.......................................
2.50
7/1/35
111
100
Fannie
Mae
,
Pool
#MA3871
.......................................
3.00
12/1/49
86
80
Fannie
Mae
,
Pool
#MA2895
.......................................
3.00
2/1/47
71
20
Fannie
Mae
,
Pool
#CA5423
.......................................
3.00
3/1/50
18
61
Fannie
Mae
,
Pool
#BD5545
.......................................
3.00
10/1/46
54
15
Fannie
Mae
,
Pool
#MA2579
.......................................
3.00
4/1/36
14
10
Fannie
Mae
,
Pool
#MA1058
.......................................
3.00
5/1/32
9
356
Fannie
Mae
,
Pool
#CB2759
.......................................
3.00
2/1/52
307
30
Fannie
Mae
,
Pool
#MA2773
.......................................
3.00
10/1/36
27
76
Fannie
Mae
,
Pool
#AS0196
........................................
3.00
8/1/28
72
87
Fannie
Mae
,
Pool
#MA3082
.......................................
3.00
7/1/47
77
63
Fannie
Mae
,
Pool
#AS4884
........................................
3.00
5/1/45
56
71
Fannie
Mae
,
Pool
#MA2833
.......................................
3.00
12/1/46
63
89
Fannie
Mae
,
Pool
#MA2806
.......................................
3.00
11/1/46
78
39
Fannie
Mae
,
Pool
#BE4400
........................................
3.00
1/1/47
34
230
Fannie
Mae
,
Pool
#FS1374
........................................
3.00
3/1/52
198
9
Fannie
Mae
,
Pool
#MA3218
.......................................
3.00
12/1/32
9
108
Fannie
Mae
,
Pool
#MA2737
.......................................
3.00
9/1/46
94
183
Fannie
Mae
,
Pool
#MA4579
.......................................
3.00
4/1/52
158
49
Fannie
Mae
,
Pool
#MA3179
.......................................
3.00
11/1/47
43
15
Fannie
Mae
,
Pool
#MA2961
.......................................
3.00
4/1/37
14
4
Fannie
Mae
,
Pool
#MA3100
.......................................
3.00
8/1/37
4
9
Fannie
Mae
,
Pool
#BA4786
.......................................
3.00
2/1/31
9
20
Fannie
Mae
,
Pool
#AS2312
........................................
3.00
5/1/29
19
87
Fannie
Mae
,
Pool
#BC9003
.......................................
3.00
11/1/46
77
16
Fannie
Mae
,
Pool
#AS3117
........................................
3.00
8/1/29
15
24
Fannie
Mae
,
Pool
#BD5076
.......................................
3.00
2/1/32
23
11
Fannie
Mae
,
Pool
#MA2087
.......................................
3.00
11/1/34
10
25
Fannie
Mae
,
Pool
#AS8483
........................................
3.00
12/1/46
22
26
Fannie
Mae
,
Pool
#AL8861
.......................................
3.00
7/1/31
24
23
Fannie
Mae
,
Pool
#MA2149
.......................................
3.00
1/1/30
22
5
Fannie
Mae
,
Pool
#AK0006
.......................................
3.00
1/1/27
5
71
Fannie
Mae
,
Pool
#MA3106
.......................................
3.00
8/1/47
62
21
Fannie
Mae
,
Pool
#MA1338
.......................................
3.00
2/1/33
20
89
Fannie
Mae
,
Pool
#BC4764
.......................................
3.00
10/1/46
78
26
Fannie
Mae
,
Pool
#AB4483
.......................................
3.00
2/1/27
25
7
Fannie
Mae
,
Pool
#MA2065
.......................................
3.00
10/1/34
7
63
Fannie
Mae
,
Pool
#AY4829
.......................................
3.00
5/1/45
56
60
Fannie
Mae
,
Pool
#AS4333
........................................
3.00
1/1/45
53
128
Fannie
Mae
,
Pool
#BD2446
.......................................
3.00
1/1/47
113
168
HC
CAPITAL
TRUST
The
U.S.
Mortgage/Asset
Backed
Fixed
Income
Securities
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
29
Fannie
Mae
,
Pool
#MA3744
.......................................
3.00
8/1/49
$
26
6
Fannie
Mae
,
Pool
#MA3802
.......................................
3.00
10/1/49
5
108
Fannie
Mae
,
Pool
#AB8897
.......................................
3.00
4/1/43
97
12
Fannie
Mae
,
Pool
#AR7426
.......................................
3.00
7/1/43
11
14
Fannie
Mae
,
Pool
#AS4334
........................................
3.00
1/1/45
13
21
Fannie
Mae
,
Pool
#MA3304
.......................................
3.00
3/1/48
18
98
Fannie
Mae
,
Pool
#MA1307
.......................................
3.00
1/1/33
90
28
Fannie
Mae
,
Pool
#MA2523
.......................................
3.00
2/1/36
26
397
Fannie
Mae
,
Pool
#CB3172
.......................................
3.00
3/1/52
342
53
Fannie
Mae
,
Pool
#AK3302
.......................................
3.00
3/1/27
50
16
Fannie
Mae
,
Pool
#BM1370
.......................................
3.00
4/1/37
15
301
Fannie
Mae
,
Pool
#AB7099
.......................................
3.00
11/1/42
268
42
Fannie
Mae
,
Pool
#MA3147
.......................................
3.00
10/1/47
37
16
Fannie
Mae
,
Pool
#MA2832
.......................................
3.00
12/1/36
15
73
Fannie
Mae
,
Pool
#AS8784
........................................
3.00
2/1/47
64
197
Fannie
Mae
,
Pool
#AO0752
.......................................
3.00
4/1/42
176
246
Fannie
Mae
,
Pool
#BU1241
.......................................
3.00
3/1/52
212
187
Fannie
Mae
,
Pool
#FS0831
........................................
3.00
3/1/52
162
335
Fannie
Mae
,
Pool
#FS2122
........................................
3.00
3/1/52
290
28
Fannie
Mae
,
Pool
#MA2425
.......................................
3.00
10/1/30
27
139
Fannie
Mae
,
Pool
#AP2465
........................................
3.00
8/1/42
124
13
Fannie
Mae
,
Pool
#MA3185
.......................................
3.00
11/1/37
12
432
Fannie
Mae
,
Pool
#CB2755
.......................................
3.00
2/1/52
374
19
Fannie
Mae
,
Pool
#MA3247
.......................................
3.00
1/1/33
18
15
Fannie
Mae
,
Pool
#AT1575
........................................
3.00
5/1/43
14
441
Fannie
Mae
,
Pool
#CA5229
.......................................
3.00
2/1/50
381
429
Fannie
Mae
,
Pool
#CB2756
.......................................
3.00
2/1/52
373
169
Fannie
Mae
,
Pool
#AP6493
........................................
3.00
9/1/42
151
311
Fannie
Mae
,
Pool
#AQ7920
.......................................
3.00
12/1/42
277
24
Fannie
Mae
,
Pool
#AS8438
........................................
3.00
12/1/36
22
404
Fannie
Mae
,
Pool
#BU8883
.......................................
3.00
3/1/52
349
352
Fannie
Mae
,
Pool
#AP6375
........................................
3.00
9/1/42
314
54
Fannie
Mae
,
Pool
#FM1552
.......................................
3.00
12/1/47
47
79
Fannie
Mae
,
Pool
#MA3774
.......................................
3.00
9/1/49
69
6
Fannie
Mae
,
Pool
#AX8309
.......................................
3.00
11/1/29
6
76
Fannie
Mae
,
Pool
#AU3735
.......................................
3.00
8/1/43
68
8
Fannie
Mae
,
Pool
#AZ4358
.......................................
3.00
7/1/30
7
9
Fannie
Mae
,
Pool
#MA3078
.......................................
3.00
7/1/37
8
110
Fannie
Mae
,
Pool
#AS7904
........................................
3.00
9/1/46
97
163
Fannie
Mae
,
Pool
#BP1932
........................................
3.00
4/1/50
141
35
Fannie
Mae
,
Pool
#MA3127
.......................................
3.00
9/1/37
32
52
Fannie
Mae
,
Pool
#CA5519
.......................................
3.00
4/1/50
45
4
Fannie
Mae
,
Pool
#FM1585
.......................................
3.00
9/1/49
3
162
Fannie
Mae
,
Pool
#MA4048
.......................................
3.00
6/1/50
141
24
Fannie
Mae
,
Pool
#MA3331
.......................................
3.00
4/1/48
21
41
Fannie
Mae
,
Pool
#AS7908
........................................
3.00
9/1/46
36
16
Fannie
Mae
,
Pool
#AW8295
.......................................
3.00
8/1/29
15
5
Fannie
Mae
,
Pool
#BA0826
.......................................
3.00
10/1/30
5
72
Fannie
Mae
,
Pool
#BD4225
.......................................
3.00
11/1/46
64
118
Fannie
Mae
,
Pool
#AT0682
........................................
3.00
4/1/43
106
28
Fannie
Mae
,
Pool
#AW7383
.......................................
3.00
8/1/29
26
25
Fannie
Mae
,
Pool
#AL9996
.......................................
3.00
4/1/32
24
17
Fannie
Mae
,
Pool
#AQ3223
.......................................
3.00
11/1/27
17
113
Fannie
Mae
,
Pool
#BO2201
.......................................
3.00
9/1/49
99
66
Fannie
Mae
,
Pool
#MA3960
.......................................
3.00
3/1/50
57
37
Fannie
Mae
,
Pool
#AS8186
........................................
3.00
10/1/46
33
47
Fannie
Mae
,
Pool
#AY4200
.......................................
3.00
5/1/45
42
40
Fannie
Mae
,
Pool
#AS1527
........................................
3.00
1/1/29
38
9
Fannie
Mae
,
Pool
#MA2287
.......................................
3.00
6/1/35
8
169
HC
CAPITAL
TRUST
The
U.S.
Mortgage/Asset
Backed
Fixed
Income
Securities
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
18
Fannie
Mae
,
Pool
#AU7890
.......................................
3.00
9/1/28
$
18
32
Fannie
Mae
,
Pool
#AZ0538
.......................................
3.00
9/1/30
30
22
Fannie
Mae
,
Pool
#AS8424
........................................
3.00
12/1/36
20
16
Fannie
Mae
,
Pool
#MA3897
.......................................
3.00
1/1/35
15
129
Fannie
Mae
,
Pool
#BP6466
........................................
3.00
7/1/50
112
109
Fannie
Mae
,
Pool
#AL9865
.......................................
3.00
2/1/47
96
37
Fannie
Mae
,
Pool
#BO9169
.......................................
3.00
12/1/49
32
72
Fannie
Mae
,
Pool
#BO7242
.......................................
3.00
1/1/50
63
18
Fannie
Mae
,
Pool
#MA3958
.......................................
3.00
3/1/40
17
93
Fannie
Mae
,
Pool
#CA5729
.......................................
3.00
5/1/50
80
35
Fannie
Mae
,
Pool
#CA3754
.......................................
3.00
6/1/34
33
18
Fannie
Mae
,
Pool
#BJ2996
........................................
3.00
1/1/33
17
103
Fannie
Mae
,
Pool
#MA3937
.......................................
3.00
2/1/50
90
109
Fannie
Mae
,
Pool
#MA4079
.......................................
3.00
7/1/50
95
33
Fannie
Mae
,
Pool
#MA3991
.......................................
3.00
4/1/50
28
31
Fannie
Mae
,
Pool
#FM4317
.......................................
3.00
9/1/50
27
131
Fannie
Mae
,
Pool
#CA5668
.......................................
3.00
5/1/50
113
42
Fannie
Mae
,
Pool
#MA1401
.......................................
3.00
4/1/33
40
19
Fannie
Mae
,
Pool
#MA3237
.......................................
3.00
1/1/48
17
21
Fannie
Mae
,
Pool
#CA4860
.......................................
3.00
12/1/49
19
106
Fannie
Mae
,
Pool
#AS8414
........................................
3.00
11/1/46
93
20
Fannie
Mae
,
Pool
#MA3339
.......................................
3.00
4/1/33
19
100
Fannie
Mae
,
Pool
#BO8947
.......................................
3.00
1/1/50
88
365
Fannie
Mae
,
Pool
#CB3364
.......................................
3.00
4/1/52
315
12
Fannie
Mae
,
Pool
#MA2897
.......................................
3.00
2/1/37
11
6
Fannie
Mae
,
Pool
#AL9848
.......................................
3.00
3/1/47
6
5
Fannie
Mae
,
Pool
#MA3738
.......................................
3.00
8/1/34
5
11
Fannie
Mae
,
Pool
#AS8056
........................................
3.00
10/1/46
10
47
Fannie
Mae
,
Pool
#AS7238
........................................
3.00
5/1/46
42
107
Fannie
Mae
,
Pool
#MA3905
.......................................
3.00
1/1/50
94
116
Fannie
Mae
,
Pool
#AT7620
........................................
3.00
6/1/43
105
134
Fannie
Mae
,
Pool
#BO6219
.......................................
3.00
12/1/49
117
15
Fannie
Mae
,
Pool
#BK1015
.......................................
3.00
2/1/33
14
74
Fannie
Mae
,
Pool
#AS8276
........................................
3.00
11/1/46
66
21
Fannie
Mae
,
Pool
#MA3090
.......................................
3.00
8/1/32
20
44
Fannie
Mae
,
Pool
#MA1527
.......................................
3.00
8/1/33
41
69
Fannie
Mae
,
Pool
#MA2246
.......................................
3.00
4/1/30
65
26
Fannie
Mae
,
Pool
#MA2230
.......................................
3.00
4/1/35
24
198
Fannie
Mae
,
Pool
#MA3834
.......................................
3.00
11/1/49
173
7
Fannie
Mae
,
Pool
#MA3657
.......................................
3.00
5/1/34
7
23
Fannie
Mae
,
Pool
#MA3934
.......................................
3.00
2/1/40
21
63
Fannie
Mae
,
Pool
#BE1901
........................................
3.00
12/1/46
55
15
Fannie
Mae
,
Pool
#BC4276
.......................................
3.00
4/1/46
13
24
Fannie
Mae
,
Pool
#MA3060
.......................................
3.00
7/1/32
23
74
Fannie
Mae
,
Pool
#MA2863
.......................................
3.00
1/1/47
65
16
Fannie
Mae
,
Pool
#BE9547
........................................
3.00
4/1/47
15
98
Fannie
Mae
,
Pool
#AT2014
........................................
3.00
4/1/43
88
20
Fannie
Mae
,
Pool
#BE3861
........................................
3.00
1/1/47
18
21
Fannie
Mae
,
Pool
#MA3631
.......................................
3.00
4/1/34
20
36
Fannie
Mae
,
Pool
#CA3788
.......................................
3.00
7/1/49
32
28
Fannie
Mae
,
Pool
#MA3831
.......................................
3.00
11/1/39
26
88
Fannie
Mae
,
Pool
#BN7703
.......................................
3.00
8/1/49
77
115
Fannie
Mae
,
Pool
#FM1370
.......................................
3.00
4/1/46
102
65
Fannie
Mae
,
Pool
#FM1134
.......................................
3.00
4/1/48
57
184
Fannie
Mae
,
Pool
#FM3395
.......................................
3.00
6/1/50
160
54
Fannie
Mae
,
Pool
#FM2132
.......................................
3.00
1/1/50
46
94
Fannie
Mae
,
Pool
#BO3192
.......................................
3.00
10/1/49
82
117
Fannie
Mae
,
Pool
#MA2956
.......................................
3.00
4/1/47
104
145
Fannie
Mae
,
Pool
#MA4020
.......................................
3.00
5/1/50
126
170
HC
CAPITAL
TRUST
The
U.S.
Mortgage/Asset
Backed
Fixed
Income
Securities
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
42
Fannie
Mae
,
Pool
#BD5787
.......................................
3.00
9/1/46
$
37
53
Fannie
Mae
,
Pool
#AS8521
........................................
3.00
12/1/46
47
17
Fannie
Mae
,
Pool
#MA3692
.......................................
3.50
7/1/49
16
47
Fannie
Mae
,
Pool
#AZ9576
.......................................
3.50
12/1/45
43
51
Fannie
Mae
,
Pool
#AU3742
.......................................
3.50
8/1/43
47
41
Fannie
Mae
,
Pool
#AO9140
.......................................
3.50
7/1/42
38
97
Fannie
Mae
,
Pool
#AO3760
.......................................
3.50
5/1/42
89
22
Fannie
Mae
,
Pool
#MA3494
.......................................
3.50
10/1/48
20
45
Fannie
Mae
,
Pool
#BM5485
.......................................
3.50
2/1/49
41
4
Fannie
Mae
,
Pool
#AL8776
.......................................
3.50
7/1/46
3
36
Fannie
Mae
,
Pool
#AY3802
.......................................
3.50
2/1/45
34
24
Fannie
Mae
,
Pool
#AY8856
.......................................
3.50
9/1/45
22
51
Fannie
Mae
,
Pool
#FM3387
.......................................
3.50
3/1/35
49
76
Fannie
Mae
,
Pool
#BM4703
.......................................
3.50
2/1/48
69
40
Fannie
Mae
,
Pool
#AS7239
........................................
3.50
5/1/46
36
48
Fannie
Mae
,
Pool
#MA3057
.......................................
3.50
7/1/47
44
34
Fannie
Mae
,
Pool
#AY3913
.......................................
3.50
2/1/45
32
67
Fannie
Mae
,
Pool
#FM1911
.......................................
3.50
7/1/48
62
24
Fannie
Mae
,
Pool
#MA3775
.......................................
3.50
9/1/49
22
72
Fannie
Mae
,
Pool
#BC1158
........................................
3.50
2/1/46
65
23
Fannie
Mae
,
Pool
#AZ2614
.......................................
3.50
8/1/45
21
53
Fannie
Mae
,
Pool
#AO4385
.......................................
3.50
6/1/42
49
15
Fannie
Mae
,
Pool
#MA3637
.......................................
3.50
4/1/49
13
18
Fannie
Mae
,
Pool
#CA1191
.......................................
3.50
11/1/47
16
9
Fannie
Mae
,
Pool
#MA2692
.......................................
3.50
7/1/36
8
59
Fannie
Mae
,
Pool
#MA2125
.......................................
3.50
12/1/44
53
34
Fannie
Mae
,
Pool
#BC3126
.......................................
3.50
1/1/46
31
3
Fannie
Mae
,
Pool
#AX0159
.......................................
3.50
9/1/29
3
22
Fannie
Mae
,
Pool
#BC7633
.......................................
3.50
6/1/46
20
74
Fannie
Mae
,
Pool
#AZ0862
.......................................
3.50
7/1/45
68
70
Fannie
Mae
,
Pool
#MA3520
.......................................
3.50
11/1/48
64
122
Fannie
Mae
,
Pool
#AQ0546
.......................................
3.50
11/1/42
113
74
Fannie
Mae
,
Pool
#FM1543
.......................................
3.50
11/1/48
67
37
Fannie
Mae
,
Pool
#AS6649
........................................
3.50
2/1/46
33
45
Fannie
Mae
,
Pool
#AS7388
........................................
3.50
6/1/46
41
36
Fannie
Mae
,
Pool
#FM0020
.......................................
3.50
7/1/49
32
5
Fannie
Mae
,
Pool
#310139
........................................
3.50
11/1/25
5
17
Fannie
Mae
,
Pool
#FS1774
........................................
3.50
5/1/37
16
41
Fannie
Mae
,
Pool
#AX2486
.......................................
3.50
10/1/44
38
68
Fannie
Mae
,
Pool
#MA3238
.......................................
3.50
1/1/48
62
55
Fannie
Mae
,
Pool
#CA0487
.......................................
3.50
10/1/47
50
8
Fannie
Mae
,
Pool
#MA3906
.......................................
3.50
1/1/50
7
23
Fannie
Mae
,
Pool
#AX5201
.......................................
3.50
10/1/29
22
5
Fannie
Mae
,
Pool
#BM5446
.......................................
3.50
2/1/49
5
21
Fannie
Mae
,
Pool
#AP9390
........................................
3.50
10/1/42
19
56
Fannie
Mae
,
Pool
#MA3745
.......................................
3.50
8/1/49
51
307
Fannie
Mae
,
Pool
#AO2548
.......................................
3.50
4/1/42
284
4
Fannie
Mae
,
Pool
#MA2996
.......................................
3.50
5/1/37
4
8
Fannie
Mae
,
Pool
#CA0234
.......................................
3.50
8/1/47
8
255
Fannie
Mae
,
Pool
#AO8137
.......................................
3.50
8/1/42
236
4
Fannie
Mae
,
Pool
#AV6407
.......................................
3.50
2/1/29
4
11
Fannie
Mae
,
Pool
#MA3835
.......................................
3.50
11/1/49
10
56
Fannie
Mae
,
Pool
#MA3663
.......................................
3.50
5/1/49
51
54
Fannie
Mae
,
Pool
#MA1982
.......................................
3.50
8/1/34
51
8
Fannie
Mae
,
Pool
#MA3152
.......................................
3.50
10/1/37
7
50
Fannie
Mae
,
Pool
#AY5303
.......................................
3.50
3/1/45
46
49
Fannie
Mae
,
Pool
#MA3332
.......................................
3.50
4/1/48
45
19
Fannie
Mae
,
Pool
#MA3614
.......................................
3.50
3/1/49
17
19
Fannie
Mae
,
Pool
#BA1893
.......................................
3.50
8/1/45
17
171
HC
CAPITAL
TRUST
The
U.S.
Mortgage/Asset
Backed
Fixed
Income
Securities
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
22
Fannie
Mae
,
Pool
#AX7655
.......................................
3.50
1/1/45
$
20
114
Fannie
Mae
,
Pool
#MA3276
.......................................
3.50
2/1/48
104
67
Fannie
Mae
,
Pool
#MA1107
.......................................
3.50
7/1/32
64
47
Fannie
Mae
,
Pool
#AO4647
.......................................
3.50
6/1/42
43
32
Fannie
Mae
,
Pool
#BE5258
........................................
3.50
1/1/47
29
23
Fannie
Mae
,
Pool
#BC0163
.......................................
3.50
1/1/46
22
229
Fannie
Mae
,
Pool
#CB3601
.......................................
3.50
5/1/52
206
42
Fannie
Mae
,
Pool
#AS4773
........................................
3.50
4/1/45
38
1
Fannie
Mae
,
Pool
#BA5031
.......................................
3.50
1/1/46
1
11
Fannie
Mae
,
Pool
#MA2495
.......................................
3.50
1/1/46
10
36
Fannie
Mae
,
Pool
#AS5068
........................................
3.50
6/1/45
33
53
Fannie
Mae
,
Pool
#AS4771
........................................
3.50
4/1/45
49
15
Fannie
Mae
,
Pool
#AJ4093
........................................
3.50
10/1/26
15
46
Fannie
Mae
,
Pool
#MA1980
.......................................
3.50
8/1/44
42
15
Fannie
Mae
,
Pool
#AE0981
.......................................
3.50
3/1/41
14
29
Fannie
Mae
,
Pool
#AS5319
........................................
3.50
7/1/45
26
89
Fannie
Mae
,
Pool
#AU1635
.......................................
3.50
7/1/43
81
95
Fannie
Mae
,
Pool
#BH9277
.......................................
3.50
2/1/48
87
51
Fannie
Mae
,
Pool
#MA3414
.......................................
3.50
7/1/48
46
26
Fannie
Mae
,
Pool
#BJ0647
........................................
3.50
3/1/48
23
77
Fannie
Mae
,
Pool
#AS3133
........................................
3.50
8/1/44
71
7
Fannie
Mae
,
Pool
#AS2081
........................................
3.50
4/1/29
7
56
Fannie
Mae
,
Pool
#AL1717
.......................................
3.50
5/1/27
53
53
Fannie
Mae
,
Pool
#AX9530
.......................................
3.50
2/1/45
49
7
Fannie
Mae
,
Pool
#MA3634
.......................................
3.50
4/1/39
7
57
Fannie
Mae
,
Pool
#FM1001
.......................................
3.50
11/1/48
52
55
Fannie
Mae
,
Pool
#FM1566
.......................................
3.50
11/1/48
50
41
Fannie
Mae
,
Pool
#FM1028
.......................................
3.50
6/1/49
37
63
Fannie
Mae
,
Pool
#BM2000
.......................................
3.50
5/1/47
57
8
Fannie
Mae
,
Pool
#AE5487
.......................................
3.50
10/1/25
7
8
Fannie
Mae
,
Pool
#MA3059
.......................................
3.50
7/1/37
7
131
Fannie
Mae
,
Pool
#BP1947
........................................
3.50
4/1/50
119
65
Fannie
Mae
,
Pool
#MA3305
.......................................
3.50
3/1/48
59
91
Fannie
Mae
,
Pool
#BD2436
.......................................
3.50
1/1/47
83
5
Fannie
Mae
,
Pool
#MA2909
.......................................
3.50
2/1/37
5
25
Fannie
Mae
,
Pool
#AS4772
........................................
3.50
4/1/45
23
342
Fannie
Mae
,
Pool
#BU8723
.......................................
3.50
6/1/52
307
70
Fannie
Mae
,
Pool
#MA2292
.......................................
3.50
6/1/45
65
43
Fannie
Mae
,
Pool
#AY4300
.......................................
3.50
1/1/45
39
465
Fannie
Mae
,
Pool
#MA4600
.......................................
3.50
5/1/52
417
68
Fannie
Mae
,
Pool
#AY1306
.......................................
3.50
3/1/45
63
41
Fannie
Mae
,
Pool
#BE3767
........................................
3.50
7/1/47
37
248
Fannie
Mae
,
Pool
#AB6017
.......................................
3.50
8/1/42
229
79
Fannie
Mae
,
Pool
#BH5155
.......................................
3.50
9/1/47
72
26
Fannie
Mae
,
Pool
#AZ6383
.......................................
3.50
9/1/45
24
48
Fannie
Mae
,
Pool
#AS7491
........................................
3.50
7/1/46
44
24
Fannie
Mae
,
Pool
#MA2923
.......................................
3.50
3/1/37
23
56
Fannie
Mae
,
Pool
#AS0024
........................................
3.50
7/1/43
51
76
Fannie
Mae
,
Pool
#BH9215
.......................................
3.50
1/1/48
69
3
Fannie
Mae
,
Pool
#AJ6181
........................................
3.50
12/1/26
3
6
Fannie
Mae
,
Pool
#AK0706
.......................................
3.50
2/1/27
6
17
Fannie
Mae
,
Pool
#AS5892
........................................
3.50
10/1/45
16
47
Fannie
Mae
,
Pool
#AK7497
.......................................
3.50
4/1/42
43
4
Fannie
Mae
,
Pool
#MA1021
.......................................
3.50
3/1/27
4
376
Fannie
Mae
,
Pool
#MA4654
.......................................
3.50
7/1/52
337
20
Fannie
Mae
,
Pool
#MA3597
.......................................
3.50
2/1/49
18
49
Fannie
Mae
,
Pool
#MA1059
.......................................
3.50
5/1/32
46
57
Fannie
Mae
,
Pool
#BK9038
.......................................
3.50
10/1/33
55
30
Fannie
Mae
,
Pool
#AS5696
........................................
3.50
8/1/45
28
172
HC
CAPITAL
TRUST
The
U.S.
Mortgage/Asset
Backed
Fixed
Income
Securities
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
62
Fannie
Mae
,
Pool
#AJ8476
........................................
3.50
12/1/41
$
57
23
Fannie
Mae
,
Pool
#MA2389
.......................................
3.50
9/1/35
21
53
Fannie
Mae
,
Pool
#MA3026
.......................................
3.50
6/1/47
48
6
Fannie
Mae
,
Pool
#BM1231
.......................................
3.50
11/1/31
5
27
Fannie
Mae
,
Pool
#BM2001
.......................................
3.50
12/1/46
25
74
Fannie
Mae
,
Pool
#MA3182
.......................................
3.50
11/1/47
67
23
Fannie
Mae
,
Pool
#MA3462
.......................................
3.50
9/1/33
22
78
Fannie
Mae
,
Pool
#BJ2692
........................................
3.50
4/1/48
71
66
Fannie
Mae
,
Pool
#BD5046
.......................................
3.50
2/1/47
60
146
Fannie
Mae
,
Pool
#BM1568
.......................................
3.50
7/1/47
136
8
Fannie
Mae
,
Pool
#AS2117
........................................
4.00
4/1/44
7
25
Fannie
Mae
,
Pool
#AY1595
.......................................
4.00
1/1/45
24
51
Fannie
Mae
,
Pool
#BJ9169
........................................
4.00
5/1/48
47
60
Fannie
Mae
,
Pool
#BD7081
.......................................
4.00
3/1/47
57
11
Fannie
Mae
,
Pool
#BJ0639
........................................
4.00
3/1/48
10
36
Fannie
Mae
,
Pool
#MA3615
.......................................
4.00
3/1/49
34
50
Fannie
Mae
,
Pool
#BM2002
.......................................
4.00
10/1/47
47
5
Fannie
Mae
,
Pool
#MA2536
.......................................
4.00
2/1/36
5
5
Fannie
Mae
,
Pool
#BM4306
.......................................
4.00
9/1/25
5
24
Fannie
Mae
,
Pool
#BK0915
.......................................
4.00
7/1/48
22
31
Fannie
Mae
,
Pool
#BK9697
.......................................
4.00
12/1/48
29
2
Fannie
Mae
,
Pool
#AL9742
.......................................
4.00
7/1/29
2
85
Fannie
Mae
,
Pool
#AS7558
........................................
4.00
7/1/46
79
7
Fannie
Mae
,
Pool
#MA3413
.......................................
4.00
7/1/38
7
14
Fannie
Mae
,
Pool
#FM1101
.......................................
4.00
7/1/34
14
39
Fannie
Mae
,
Pool
#AV2340
.......................................
4.00
12/1/43
37
13
Fannie
Mae
,
Pool
#BH2623
.......................................
4.00
8/1/47
12
27
Fannie
Mae
,
Pool
#BE8050
........................................
4.00
4/1/47
25
27
Fannie
Mae
,
Pool
#BN0594
.......................................
4.00
12/1/48
25
20
Fannie
Mae
,
Pool
#AY0025
.......................................
4.00
2/1/45
19
24
Fannie
Mae
,
Pool
#BA6910
.......................................
4.00
2/1/46
22
2
Fannie
Mae
,
Pool
#AC2995
.......................................
4.00
9/1/24
2
3
Fannie
Mae
,
Pool
#AE0375
.......................................
4.00
7/1/25
3
31
Fannie
Mae
,
Pool
#AL7347
.......................................
4.00
9/1/45
29
37
Fannie
Mae
,
Pool
#AS8532
........................................
4.00
12/1/46
36
37
Fannie
Mae
,
Pool
#CA1894
.......................................
4.00
6/1/48
35
29
Fannie
Mae
,
Pool
#AS7600
........................................
4.00
7/1/46
27
280
Fannie
Mae
,
Pool
#190405
........................................
4.00
10/1/40
268
19
Fannie
Mae
,
Pool
#MA3244
.......................................
4.00
1/1/38
18
5
Fannie
Mae
,
Pool
#MA2655
.......................................
4.00
6/1/36
5
32
Fannie
Mae
,
Pool
#AS3467
........................................
4.00
10/1/44
30
41
Fannie
Mae
,
Pool
#AS3293
........................................
4.00
9/1/44
39
24
Fannie
Mae
,
Pool
#AS3468
........................................
4.00
10/1/44
23
43
Fannie
Mae
,
Pool
#AS9831
........................................
4.00
6/1/47
40
21
Fannie
Mae
,
Pool
#MA3638
.......................................
4.00
4/1/49
20
6
Fannie
Mae
,
Pool
#AS3448
........................................
4.00
9/1/44
6
14
Fannie
Mae
,
Pool
#MA3592
.......................................
4.00
2/1/49
14
11
Fannie
Mae
,
Pool
#AH3394
.......................................
4.00
1/1/41
10
87
Fannie
Mae
,
Pool
#AH5859
.......................................
4.00
2/1/41
82
2
Fannie
Mae
,
Pool
#AZ8874
.......................................
4.00
9/1/45
1
89
Fannie
Mae
,
Pool
#AZ8067
.......................................
4.00
9/1/45
84
12
Fannie
Mae
,
Pool
#CA2469
.......................................
4.00
10/1/48
11
40
Fannie
Mae
,
Pool
#AX0841
.......................................
4.00
9/1/44
38
20
Fannie
Mae
,
Pool
#AL4778
.......................................
4.00
10/1/32
20
30
Fannie
Mae
,
Pool
#CA0237
.......................................
4.00
8/1/47
28
13
Fannie
Mae
,
Pool
#MA3536
.......................................
4.00
12/1/48
12
36
Fannie
Mae
,
Pool
#BN0334
.......................................
4.00
12/1/48
33
89
Fannie
Mae
,
Pool
#BN6677
.......................................
4.00
6/1/49
84
19
Fannie
Mae
,
Pool
#MA3521
.......................................
4.00
11/1/48
18
173
HC
CAPITAL
TRUST
The
U.S.
Mortgage/Asset
Backed
Fixed
Income
Securities
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
35
Fannie
Mae
,
Pool
#BK0909
.......................................
4.00
7/1/48
$
32
59
Fannie
Mae
,
Pool
#MA3746
.......................................
4.00
8/1/49
56
35
Fannie
Mae
,
Pool
#FM1571
.......................................
4.00
12/1/48
33
37
Fannie
Mae
,
Pool
#FM1415
.......................................
4.00
12/1/48
35
53
Fannie
Mae
,
Pool
#MA3027
.......................................
4.00
6/1/47
50
10
Fannie
Mae
,
Pool
#MA0695
.......................................
4.00
4/1/31
10
4
Fannie
Mae
,
Pool
#MA3037
.......................................
4.00
6/1/37
4
49
Fannie
Mae
,
Pool
#MA3121
.......................................
4.00
9/1/47
46
11
Fannie
Mae
,
Pool
#MA3216
.......................................
4.00
12/1/37
10
369
Fannie
Mae
,
Pool
#FS3526
........................................
4.00
12/1/52
343
151
Fannie
Mae
,
Pool
#AJ5303
........................................
4.00
11/1/41
143
5
Fannie
Mae
,
Pool
#AS7028
........................................
4.00
4/1/46
5
147
Fannie
Mae
,
Pool
#AJ7689
........................................
4.00
12/1/41
139
43
Fannie
Mae
,
Pool
#AS9486
........................................
4.00
4/1/47
40
66
Fannie
Mae
,
Pool
#MA2995
.......................................
4.00
5/1/47
62
1
Fannie
Mae
,
Pool
#BA0847
.......................................
4.00
3/1/46
1
48
Fannie
Mae
,
Pool
#FM0021
.......................................
4.00
3/1/49
45
114
Fannie
Mae
,
Pool
#AY1377
.......................................
4.00
4/1/45
108
25
Fannie
Mae
,
Pool
#BC5559
.......................................
4.00
3/1/46
24
54
Fannie
Mae
,
Pool
#MA3211
.......................................
4.00
12/1/47
51
9
Fannie
Mae
,
Pool
#AW5109
.......................................
4.00
8/1/44
8
6
Fannie
Mae
,
Pool
#BM5525
.......................................
4.00
3/1/31
6
52
Fannie
Mae
,
Pool
#CA1015
.......................................
4.00
1/1/48
49
21
Fannie
Mae
,
Pool
#BM4991
.......................................
4.00
9/1/48
19
57
Fannie
Mae
,
Pool
#MA3183
.......................................
4.00
11/1/47
54
20
Fannie
Mae
,
Pool
#BN5258
.......................................
4.00
2/1/49
19
81
Fannie
Mae
,
Pool
#FM5134
.......................................
4.00
1/1/49
76
65
Fannie
Mae
,
Pool
#AO2959
.......................................
4.00
5/1/42
62
20
Fannie
Mae
,
Pool
#AY2291
.......................................
4.00
3/1/45
19
55
Fannie
Mae
,
Pool
#MA3804
.......................................
4.00
10/1/49
51
38
Fannie
Mae
,
Pool
#MA3277
.......................................
4.00
2/1/48
36
67
Fannie
Mae
,
Pool
#BK7943
.......................................
4.00
11/1/48
63
35
Fannie
Mae
,
Pool
#AS7601
........................................
4.00
7/1/46
33
10
Fannie
Mae
,
Pool
#MA2455
.......................................
4.00
11/1/35
10
57
Fannie
Mae
,
Pool
#CA0183
.......................................
4.00
8/1/47
53
20
Fannie
Mae
,
Pool
#CA2474
.......................................
4.00
7/1/48
19
13
Fannie
Mae
,
Pool
#AS8823
........................................
4.00
2/1/47
13
32
Fannie
Mae
,
Pool
#MA3563
.......................................
4.00
1/1/49
30
32
Fannie
Mae
,
Pool
#AW5063
.......................................
4.00
7/1/44
31
41
Fannie
Mae
,
Pool
#MA4797
.......................................
4.00
11/1/37
40
26
Fannie
Mae
,
Pool
#AS3903
........................................
4.00
11/1/44
25
32
Fannie
Mae
,
Pool
#AS2498
........................................
4.00
5/1/44
30
37
Fannie
Mae
,
Pool
#AY8981
.......................................
4.00
8/1/45
35
114
Fannie
Mae
,
Pool
#AJ7857
........................................
4.00
12/1/41
108
5
Fannie
Mae
,
Pool
#AL2689
.......................................
4.00
2/1/27
5
31
Fannie
Mae
,
Pool
#AC7328
.......................................
4.00
12/1/39
30
24
Fannie
Mae
,
Pool
#AH6242
.......................................
4.00
4/1/26
24
51
Fannie
Mae
,
Pool
#MA0641
.......................................
4.00
2/1/31
50
15
Fannie
Mae
,
Pool
#MA0493
.......................................
4.00
8/1/30
15
36
Fannie
Mae
,
Pool
#BM5685
.......................................
4.00
6/1/48
34
230
Fannie
Mae
,
Pool
#MA4732
.......................................
4.00
9/1/52
213
3
Fannie
Mae
,
Pool
#CA3084
.......................................
4.00
2/1/49
2
46
Fannie
Mae
,
Pool
#AL8387
.......................................
4.00
3/1/46
44
5
Fannie
Mae
,
Pool
#AW9041
.......................................
4.00
8/1/44
5
11
Fannie
Mae
,
Pool
#MA3427
.......................................
4.00
7/1/33
11
42
Fannie
Mae
,
Pool
#FM1960
.......................................
4.00
5/1/49
40
43
Fannie
Mae
,
Pool
#AS3216
........................................
4.00
9/1/44
41
49
Fannie
Mae
,
Pool
#AZ7362
.......................................
4.00
11/1/45
46
14
Fannie
Mae
,
Pool
#AT3872
........................................
4.00
6/1/43
13
174
HC
CAPITAL
TRUST
The
U.S.
Mortgage/Asset
Backed
Fixed
Income
Securities
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
45
Fannie
Mae
,
Pool
#BK7608
.......................................
4.00
9/1/48
$
42
382
Fannie
Mae
,
Pool
#FS0016
........................................
4.00
6/1/49
359
69
Fannie
Mae
,
Pool
#AU3753
.......................................
4.00
8/1/43
65
128
Fannie
Mae
,
Pool
#AS0531
........................................
4.00
9/1/43
121
43
Fannie
Mae
,
Pool
#AS8157
........................................
4.50
10/1/46
42
51
Fannie
Mae
,
Pool
#CA1711
.......................................
4.50
5/1/48
49
14
Fannie
Mae
,
Pool
#BE6489
........................................
4.50
1/1/47
13
12
Fannie
Mae
,
Pool
#AS8576
........................................
4.50
12/1/46
12
386
Fannie
Mae
,
Pool
#MA5070
.......................................
4.50
7/1/53
368
52
Fannie
Mae
,
Pool
#AD8529
.......................................
4.50
8/1/40
51
25
Fannie
Mae
,
Pool
#AL5082
.......................................
4.50
3/1/44
24
21
Fannie
Mae
,
Pool
#MA3522
.......................................
4.50
11/1/48
20
96
Fannie
Mae
,
Pool
#AS9394
........................................
4.50
4/1/47
93
46
Fannie
Mae
,
Pool
#MA3639
.......................................
4.50
4/1/49
45
216
Fannie
Mae
,
Pool
#MA3184
.......................................
4.50
11/1/47
212
11
Fannie
Mae
,
Pool
#AA0860
.......................................
4.50
1/1/39
11
3
Fannie
Mae
,
Pool
#AW7048
.......................................
4.50
6/1/44
3
37
Fannie
Mae
,
Pool
#CA0148
.......................................
4.50
8/1/47
36
4
Fannie
Mae
,
Pool
#BN0877
.......................................
4.50
11/1/48
3
8
Fannie
Mae
,
Pool
#AS0861
........................................
4.50
10/1/43
8
22
Fannie
Mae
,
Pool
#CA0623
.......................................
4.50
10/1/47
21
10
Fannie
Mae
,
Pool
#AB1470
.......................................
4.50
9/1/40
10
25
Fannie
Mae
,
Pool
#AS1638
........................................
4.50
2/1/44
24
15
Fannie
Mae
,
Pool
#MA3593
.......................................
4.50
2/1/49
14
42
Fannie
Mae
,
Pool
#AL4450
.......................................
4.50
12/1/43
41
12
Fannie
Mae
,
Pool
#FM3619
.......................................
4.50
1/1/50
12
10
Fannie
Mae
,
Pool
#AH6790
.......................................
4.50
3/1/41
10
9
Fannie
Mae
,
Pool
#AL8816
.......................................
4.50
9/1/45
8
28
Fannie
Mae
,
Pool
#MA0481
.......................................
4.50
8/1/30
27
1
Fannie
Mae
,
Pool
#AA9781
.......................................
4.50
7/1/24
1
127
Fannie
Mae
,
Pool
#AH9055
.......................................
4.50
4/1/41
124
18
Fannie
Mae
,
Pool
#BK5283
.......................................
4.50
6/1/48
18
188
Fannie
Mae
,
Pool
#AL1107
........................................
4.50
11/1/41
185
130
Fannie
Mae
,
Pool
#AH7521
.......................................
4.50
3/1/41
128
26
Fannie
Mae
,
Pool
#AS2276
........................................
4.50
4/1/44
26
34
Fannie
Mae
,
Pool
#BE5992
........................................
4.50
2/1/47
33
47
Fannie
Mae
,
Pool
#AB3192
.......................................
4.50
6/1/41
46
57
Fannie
Mae
,
Pool
#AE0217
.......................................
4.50
8/1/40
56
18
Fannie
Mae
,
Pool
#MA3537
.......................................
4.50
12/1/48
17
10
Fannie
Mae
,
Pool
#CA1218
.......................................
4.50
2/1/48
10
15
Fannie
Mae
,
Pool
#BM1285
.......................................
4.50
5/1/47
15
4
Fannie
Mae
,
Pool
#BK8830
.......................................
4.50
8/1/48
4
13
Fannie
Mae
,
Pool
#AU5302
.......................................
4.50
10/1/43
13
50
Fannie
Mae
,
Pool
#AI4815
........................................
4.50
6/1/41
49
47
Fannie
Mae
,
Pool
#BK1416
.......................................
4.50
5/1/48
46
26
Fannie
Mae
,
Pool
#AB1389
.......................................
4.50
8/1/40
25
386
Fannie
Mae
,
Pool
#BV7928
.......................................
4.50
8/1/52
368
19
Fannie
Mae
,
Pool
#BM3904
.......................................
5.00
5/1/48
19
58
Fannie
Mae
,
Pool
#AH5988
.......................................
5.00
3/1/41
58
10
Fannie
Mae
,
Pool
#890621
........................................
5.00
5/1/42
11
13
Fannie
Mae
,
Pool
#725238
........................................
5.00
3/1/34
13
10
Fannie
Mae
,
Pool
#890603
........................................
5.00
8/1/41
10
11
Fannie
Mae
,
Pool
#CA1795
.......................................
5.00
5/1/48
11
20
Fannie
Mae
,
Pool
#MA3594
.......................................
5.00
2/1/49
19
12
Fannie
Mae
,
Pool
#CA0349
.......................................
5.00
9/1/47
12
8
Fannie
Mae
,
Pool
#MA3708
.......................................
5.00
6/1/49
8
383
Fannie
Mae
,
Pool
#MA5071
.......................................
5.00
7/1/53
374
320
Fannie
Mae
,
Pool
#MA4761
.......................................
5.00
9/1/52
314
14
Fannie
Mae
,
Pool
#MA3669
.......................................
5.00
5/1/49
14
175
HC
CAPITAL
TRUST
The
U.S.
Mortgage/Asset
Backed
Fixed
Income
Securities
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
2
Fannie
Mae
,
Pool
#BM3781
.......................................
5.00
11/1/30
$
2
21
Fannie
Mae
,
Pool
#AS0575
........................................
5.00
9/1/43
21
19
Fannie
Mae
,
Pool
#AS0837
........................................
5.00
10/1/43
20
24
Fannie
Mae
,
Pool
#AL5788
.......................................
5.00
5/1/42
24
293
Fannie
Mae
,
Pool
#MA4918
.......................................
5.00
2/1/53
287
12
Fannie
Mae
,
Pool
#MA3472
.......................................
5.00
9/1/48
12
23
Fannie
Mae
,
Pool
#836750
........................................
5.00
10/1/35
24
9
Fannie
Mae
,
Pool
#MA3527
.......................................
5.00
11/1/48
9
237
Fannie
Mae
,
Pool
#889117
........................................
5.00
10/1/35
238
9
Fannie
Mae
,
Pool
#MA3617
.......................................
5.00
3/1/49
8
359
Fannie
Mae
,
Pool
#FS3360
........................................
5.50
12/1/52
362
379
Fannie
Mae
,
Pool
#890221
........................................
5.50
12/1/33
384
387
Fannie
Mae
,
Pool
#MA5010
.......................................
5.50
5/1/53
385
389
Fannie
Mae
,
Pool
#MA5190
.......................................
5.50
11/1/53
388
378
Fannie
Mae
,
Pool
#MA5072
.......................................
5.50
7/1/53
376
6
Fannie
Mae
,
Pool
#929451
........................................
5.50
5/1/38
6
493
Fannie
Mae
,
Pool
#MA5107
.......................................
5.50
8/1/53
491
390
Fannie
Mae
,
Pool
#MA4919
.......................................
5.50
2/1/53
389
385
Fannie
Mae
,
Pool
#MA5073
.......................................
6.00
7/1/53
389
234
Fannie
Mae
,
Pool
#725228
........................................
6.00
3/1/34
238
389
Fannie
Mae
,
Pool
#MA5108
.......................................
6.00
8/1/53
392
395
Fannie
Mae
,
Pool
#MA5166
.......................................
6.00
10/1/53
399
45
Fannie
Mae
,
Pool
#CB5704
.......................................
6.00
2/1/53
46
386
Fannie
Mae
,
Pool
#MA5217
.......................................
6.50
12/1/53
394
375
Fannie
Mae
,
Pool
#MA5140
.......................................
6.50
9/1/53
383
56
Fannie
Mae
,
Pool
#889984
........................................
6.50
10/1/38
58
392
Fannie
Mae
,
Pool
#MA5273
.......................................
6.50
2/1/54
401
125
Fannie
Mae,
15
YR
TBA
.........................................
1.50
4/25/39
108
175
Fannie
Mae,
15
YR
TBA
.........................................
3.00
4/25/39
163
25
Fannie
Mae,
15
YR
TBA
.........................................
3.00
5/25/39
23
75
Fannie
Mae,
15
YR
TBA
.........................................
3.50
4/25/39
71
125
Fannie
Mae,
15
YR
TBA
.........................................
4.00
4/25/39
121
175
Fannie
Mae,
15
YR
TBA
.........................................
4.50
4/25/39
172
175
Fannie
Mae,
15
YR
TBA
.........................................
5.00
4/25/39
175
200
Fannie
Mae,
15
YR
TBA
.........................................
5.50
4/25/39
201
25
Fannie
Mae,
30
YR
TBA
.........................................
1.50
4/25/54
19
125
Fannie
Mae,
30
YR
TBA
.........................................
2.50
5/25/54
104
25
Fannie
Mae,
30
YR
TBA
.........................................
2.50
4/25/54
21
175
Fannie
Mae,
30
YR
TBA
.........................................
3.00
4/25/54
151
50
Fannie
Mae,
30
YR
TBA
.........................................
3.00
5/25/54
43
125
Fannie
Mae,
30
YR
TBA
.........................................
3.50
4/25/54
112
50
Fannie
Mae,
30
YR
TBA
.........................................
3.50
5/25/54
45
25
Fannie
Mae,
30
YR
TBA
.........................................
4.00
5/25/54
23
275
Fannie
Mae,
30
YR
TBA
.........................................
4.00
4/25/54
255
500
Fannie
Mae,
30
YR
TBA
.........................................
4.50
4/25/54
476
50
Fannie
Mae,
30
YR
TBA
.........................................
4.50
5/25/54
48
1,775
Fannie
Mae,
30
YR
TBA
.........................................
5.00
4/25/54
1,734
100
Fannie
Mae,
30
YR
TBA
.........................................
5.00
5/25/54
98
275
Fannie
Mae,
30
YR
TBA
.........................................
5.50
5/25/54
274
600
Fannie
Mae,
30
YR
TBA
.........................................
5.50
4/25/54
597
750
Fannie
Mae,
30
YR
TBA
.........................................
6.00
4/25/54
757
300
Fannie
Mae,
30
YR
TBA
.........................................
6.00
5/25/54
303
1,225
Fannie
Mae,
30
YR
TBA
.........................................
6.50
4/25/54
1,252
175
Fannie
Mae,
30
YR
TBA
.........................................
6.50
5/25/54
179
1,025
Fannie
Mae,
30
YR
TBA
.........................................
7.00
4/25/54
1,056
50
Fannie
Mae,
30
YR
TBA
.........................................
7.00
5/25/54
51
303
Freddie
Mac
,
Pool
#QN9521
.......................................
1.50
2/1/37
263
178
Freddie
Mac
,
Pool
#SD8139
.......................................
1.50
4/1/51
134
363
Freddie
Mac
,
Pool
#SB8106
.......................................
1.50
6/1/36
316
176
HC
CAPITAL
TRUST
The
U.S.
Mortgage/Asset
Backed
Fixed
Income
Securities
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
384
Freddie
Mac
,
Pool
#SB8088
.......................................
1.50
2/1/36
$
336
68
Freddie
Mac
,
Pool
#SD8082
.......................................
1.50
10/1/50
51
380
Freddie
Mac
,
Pool
#SB8144
.......................................
1.50
3/1/37
329
379
Freddie
Mac
,
Pool
#SD8154
.......................................
1.50
7/1/51
285
371
Freddie
Mac
,
Pool
#QC0962
.......................................
1.50
4/1/51
280
60
Freddie
Mac
,
Pool
#RB5110
.......................................
1.50
5/1/41
48
340
Freddie
Mac
,
Pool
#SB8097
.......................................
1.50
4/1/36
295
396
Freddie
Mac
,
Pool
#SB8083
.......................................
1.50
1/1/36
345
350
Freddie
Mac
,
Pool
#QB3716
.......................................
2.00
9/1/50
278
125
Freddie
Mac
,
Pool
#RB5138
.......................................
2.00
12/1/41
105
403
Freddie
Mac
,
Pool
#SD8079
.......................................
2.00
7/1/50
319
410
Freddie
Mac
,
Pool
#SD8172
.......................................
2.00
10/1/51
326
373
Freddie
Mac
,
Pool
#RA4214
.......................................
2.00
12/1/50
299
404
Freddie
Mac
,
Pool
#RA6507
.......................................
2.00
12/1/51
323
262
Freddie
Mac
,
Pool
#RB5153
.......................................
2.00
4/1/42
215
233
Freddie
Mac
,
Pool
#RB5114
.......................................
2.00
6/1/41
196
359
Freddie
Mac
,
Pool
#RA3205
.......................................
2.00
8/1/50
289
341
Freddie
Mac
,
Pool
#SD8128
.......................................
2.00
2/1/51
271
349
Freddie
Mac
,
Pool
#SB8079
.......................................
2.00
12/1/35
312
331
Freddie
Mac
,
Pool
#SB8107
.......................................
2.00
6/1/36
294
388
Freddie
Mac
,
Pool
#RA5040
.......................................
2.00
4/1/51
310
500
Freddie
Mac
,
Pool
#RA3606
.......................................
2.00
10/1/50
395
214
Freddie
Mac
,
Pool
#SD7537
.......................................
2.00
3/1/51
171
245
Freddie
Mac
,
Pool
#RA5257
.......................................
2.00
5/1/51
196
221
Freddie
Mac
,
Pool
#SD8146
.......................................
2.00
5/1/51
175
406
Freddie
Mac
,
Pool
#QC4423
.......................................
2.00
7/1/51
323
425
Freddie
Mac
,
Pool
#QD5748
.......................................
2.00
2/1/52
336
405
Freddie
Mac
,
Pool
#SD8199
.......................................
2.00
3/1/52
321
339
Freddie
Mac
,
Pool
#RA4986
.......................................
2.00
4/1/51
270
400
Freddie
Mac
,
Pool
#QC3597
.......................................
2.00
6/1/51
318
408
Freddie
Mac
,
Pool
#QC7473
.......................................
2.00
9/1/51
324
10
Freddie
Mac
,
Pool
#J25759
........................................
2.00
8/1/28
10
364
Freddie
Mac
,
Pool
#QC1075
.......................................
2.00
4/1/51
289
447
Freddie
Mac
,
Pool
#SD8193
.......................................
2.00
2/1/52
354
381
Freddie
Mac
,
Pool
#SD8160
.......................................
2.00
8/1/51
302
14
Freddie
Mac
,
Pool
#G18547
.......................................
2.00
3/1/30
12
388
Freddie
Mac
,
Pool
#QC6815
.......................................
2.00
9/1/51
309
239
Freddie
Mac
,
Pool
#RA6025
.......................................
2.00
10/1/51
191
155
Freddie
Mac
,
Pool
#RB5111
.......................................
2.00
5/1/41
131
390
Freddie
Mac
,
Pool
#RA5928
.......................................
2.00
9/1/51
311
25
Freddie
Mac
,
Pool
#J25777
........................................
2.00
9/1/28
24
325
Freddie
Mac
,
Pool
#SB8115
.......................................
2.00
8/1/36
289
443
Freddie
Mac
,
Pool
#SD8188
.......................................
2.00
1/1/52
351
414
Freddie
Mac
,
Pool
#SD8177
.......................................
2.00
11/1/51
329
387
Freddie
Mac
,
Pool
#SD8134
.......................................
2.00
3/1/51
307
220
Freddie
Mac
,
Pool
#RB5121
.......................................
2.00
8/1/41
186
441
Freddie
Mac
,
Pool
#RA6333
.......................................
2.00
11/1/51
349
347
Freddie
Mac
,
Pool
#QB3926
.......................................
2.00
10/1/50
276
379
Freddie
Mac
,
Pool
#QO0110
.......................................
2.00
4/1/37
337
423
Freddie
Mac
,
Pool
#QD0433
.......................................
2.00
11/1/51
336
337
Freddie
Mac
,
Pool
#RA3575
.......................................
2.00
9/1/50
270
522
Freddie
Mac
,
Pool
#SB8128
.......................................
2.00
11/1/36
463
219
Freddie
Mac
,
Pool
#QC0423
.......................................
2.00
4/1/51
174
207
Freddie
Mac
,
Pool
#SB8061
.......................................
2.00
9/1/35
185
85
Freddie
Mac
,
Pool
#ZS7735
.......................................
2.00
1/1/32
78
393
Freddie
Mac
,
Pool
#QC3697
.......................................
2.00
6/1/51
313
360
Freddie
Mac
,
Pool
#QB8064
.......................................
2.00
1/1/51
287
439
Freddie
Mac
,
Pool
#SD8182
.......................................
2.00
12/1/51
349
355
Freddie
Mac
,
Pool
#SD8121
.......................................
2.00
1/1/51
283
177
HC
CAPITAL
TRUST
The
U.S.
Mortgage/Asset
Backed
Fixed
Income
Securities
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
265
Freddie
Mac
,
Pool
#SD8150
.......................................
2.00
6/1/51
$
211
122
Freddie
Mac
,
Pool
#RB5095
.......................................
2.00
1/1/41
104
445
Freddie
Mac
,
Pool
#QB7708
.......................................
2.00
1/1/51
354
282
Freddie
Mac
,
Pool
#RC1727
.......................................
2.00
12/1/35
250
364
Freddie
Mac
,
Pool
#QC1333
.......................................
2.00
5/1/51
289
461
Freddie
Mac
,
Pool
#SD8113
.......................................
2.00
12/1/50
365
395
Freddie
Mac
,
Pool
#SD8098
.......................................
2.00
10/1/50
315
364
Freddie
Mac
,
Pool
#QB6893
.......................................
2.00
12/1/50
290
429
Freddie
Mac
,
Pool
#RA6026
.......................................
2.00
10/1/51
343
422
Freddie
Mac
,
Pool
#QC6925
.......................................
2.00
9/1/51
335
29
Freddie
Mac
,
Pool
#G18634
.......................................
2.00
3/1/32
26
380
Freddie
Mac
,
Pool
#RA3328
.......................................
2.00
8/1/50
304
417
Freddie
Mac
,
Pool
#SD0731
.......................................
2.00
5/1/51
334
398
Freddie
Mac
,
Pool
#QD1254
.......................................
2.00
11/1/51
317
133
Freddie
Mac
,
Pool
#QD3162
.......................................
2.00
12/1/51
105
127
Freddie
Mac
,
Pool
#RB5141
.......................................
2.00
1/1/42
107
215
Freddie
Mac
,
Pool
#RA5256
.......................................
2.00
5/1/51
172
363
Freddie
Mac
,
Pool
#SB8510
.......................................
2.00
2/1/36
322
414
Freddie
Mac
,
Pool
#RA5155
.......................................
2.00
5/1/51
327
404
Freddie
Mac
,
Pool
#QB9896
.......................................
2.00
3/1/51
320
266
Freddie
Mac
,
Pool
#SD8099
.......................................
2.50
10/1/50
223
298
Freddie
Mac
,
Pool
#SD8129
.......................................
2.50
2/1/51
249
35
Freddie
Mac
,
Pool
#ZS8483
.......................................
2.50
3/1/28
34
32
Freddie
Mac
,
Pool
#SB8062
.......................................
2.50
9/1/35
29
21
Freddie
Mac
,
Pool
#G18704
.......................................
2.50
6/1/33
20
225
Freddie
Mac
,
Pool
#RA2595
.......................................
2.50
5/1/50
188
410
Freddie
Mac
,
Pool
#SD0780
.......................................
2.50
12/1/51
342
12
Freddie
Mac
,
Pool
#C91904
.......................................
2.50
11/1/36
11
286
Freddie
Mac
,
Pool
#SD8167
.......................................
2.50
9/1/51
238
302
Freddie
Mac
,
Pool
#SD8114
.......................................
2.50
12/1/50
252
295
Freddie
Mac
,
Pool
#SD8122
.......................................
2.50
1/1/51
247
282
Freddie
Mac
,
Pool
#QB3287
.......................................
2.50
8/1/50
236
49
Freddie
Mac
,
Pool
#G18635
.......................................
2.50
3/1/32
46
223
Freddie
Mac
,
Pool
#QA9142
.......................................
2.50
5/1/50
185
273
Freddie
Mac
,
Pool
#RA2634
.......................................
2.50
5/1/50
228
51
Freddie
Mac
,
Pool
#RB5054
.......................................
2.50
6/1/40
45
436
Freddie
Mac
,
Pool
#SD8147
.......................................
2.50
5/1/51
363
44
Freddie
Mac
,
Pool
#ZK8425
.......................................
2.50
12/1/31
41
328
Freddie
Mac
,
Pool
#SD8141
.......................................
2.50
4/1/51
273
306
Freddie
Mac
,
Pool
#RA2897
.......................................
2.50
6/1/50
256
149
Freddie
Mac
,
Pool
#QA5290
.......................................
2.50
12/1/49
125
167
Freddie
Mac
,
Pool
#RA2645
.......................................
2.50
6/1/50
139
288
Freddie
Mac
,
Pool
#SD8151
.......................................
2.50
6/1/51
240
9
Freddie
Mac
,
Pool
#ZT2094
.......................................
2.50
6/1/34
8
200
Freddie
Mac
,
Pool
#SD8067
.......................................
2.50
6/1/50
168
110
Freddie
Mac
,
Pool
#RB5086
.......................................
2.50
11/1/40
97
121
Freddie
Mac
,
Pool
#SB0301
.......................................
2.50
4/1/35
110
235
Freddie
Mac
,
Pool
#RA3528
.......................................
2.50
9/1/50
195
409
Freddie
Mac
,
Pool
#SD8189
.......................................
2.50
1/1/52
339
384
Freddie
Mac
,
Pool
#SD8183
.......................................
2.50
12/1/51
320
271
Freddie
Mac
,
Pool
#QB3703
.......................................
2.50
9/1/50
226
329
Freddie
Mac
,
Pool
#SD0412
.......................................
2.50
8/1/50
277
417
Freddie
Mac
,
Pool
#QD5204
.......................................
2.50
1/1/52
347
381
Freddie
Mac
,
Pool
#QC2251
.......................................
2.50
5/1/51
317
36
Freddie
Mac
,
Pool
#ZS8692
.......................................
2.50
4/1/33
33
436
Freddie
Mac
,
Pool
#RA6621
.......................................
2.50
1/1/52
365
21
Freddie
Mac
,
Pool
#RA6815
.......................................
2.50
2/1/52
18
435
Freddie
Mac
,
Pool
#RA6765
.......................................
2.50
2/1/52
364
54
Freddie
Mac
,
Pool
#J37902
........................................
2.50
11/1/32
51
178
HC
CAPITAL
TRUST
The
U.S.
Mortgage/Asset
Backed
Fixed
Income
Securities
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
108
Freddie
Mac
,
Pool
#G18611
.......................................
2.50
9/1/31
$
100
439
Freddie
Mac
,
Pool
#SD8194
.......................................
2.50
2/1/52
364
225
Freddie
Mac
,
Pool
#SD8205
.......................................
2.50
4/1/52
186
392
Freddie
Mac
,
Pool
#QC7457
.......................................
2.50
9/1/51
326
394
Freddie
Mac
,
Pool
#QC9156
.......................................
2.50
10/1/51
328
413
Freddie
Mac
,
Pool
#RA6340
.......................................
2.50
11/1/51
344
109
Freddie
Mac
,
Pool
#RB5043
.......................................
2.50
4/1/40
96
152
Freddie
Mac
,
Pool
#SD8083
.......................................
2.50
8/1/50
127
134
Freddie
Mac
,
Pool
#SD8055
.......................................
2.50
4/1/50
112
44
Freddie
Mac
,
Pool
#G18470
.......................................
2.50
6/1/28
41
71
Freddie
Mac
,
Pool
#G18680
.......................................
2.50
3/1/33
66
19
Freddie
Mac
,
Pool
#G18485
.......................................
2.50
10/1/28
18
305
Freddie
Mac
,
Pool
#RA2643
.......................................
2.50
6/1/50
256
336
Freddie
Mac
,
Pool
#SD8021
.......................................
2.50
9/1/49
280
322
Freddie
Mac
,
Pool
#RA4527
.......................................
2.50
2/1/51
270
50
Freddie
Mac
,
Pool
#RB5072
.......................................
2.50
9/1/40
44
20
Freddie
Mac
,
Pool
#J25585
........................................
2.50
9/1/28
19
3
Freddie
Mac
,
Pool
#J30875
........................................
2.50
3/1/30
3
30
Freddie
Mac
,
Pool
#C09026
.......................................
2.50
2/1/43
26
52
Freddie
Mac
,
Pool
#G18568
.......................................
2.50
9/1/30
50
36
Freddie
Mac
,
Pool
#J23440
........................................
2.50
4/1/28
34
30
Freddie
Mac
,
Pool
#J18954
........................................
2.50
4/1/27
28
7
Freddie
Mac
,
Pool
#G18472
.......................................
2.50
7/1/28
7
85
Freddie
Mac
,
Pool
#QE2352
.......................................
2.50
5/1/52
70
456
Freddie
Mac
,
Pool
#SD8212
.......................................
2.50
5/1/52
378
438
Freddie
Mac
,
Pool
#SD1011
.......................................
2.50
4/1/52
364
125
Freddie
Mac
,
Pool
#SB8108
.......................................
2.50
6/1/36
114
400
Freddie
Mac
,
Pool
#RA6019
.......................................
2.50
10/1/51
333
383
Freddie
Mac
,
Pool
#RA5832
.......................................
2.50
9/1/51
320
22
Freddie
Mac
,
Pool
#Q42878
.......................................
2.50
9/1/46
19
383
Freddie
Mac
,
Pool
#RA5802
.......................................
2.50
9/1/51
319
361
Freddie
Mac
,
Pool
#QC2031
.......................................
2.50
5/1/51
300
241
Freddie
Mac
,
Pool
#RB5157
.......................................
2.50
5/1/42
208
407
Freddie
Mac
,
Pool
#RA6493
.......................................
2.50
12/1/51
337
34
Freddie
Mac
,
Pool
#J35643
........................................
2.50
11/1/31
32
8
Freddie
Mac
,
Pool
#G08638
.......................................
2.50
4/1/45
7
7
Freddie
Mac
,
Pool
#G08755
.......................................
2.50
2/1/47
6
318
Freddie
Mac
,
Pool
#SD0578
.......................................
2.50
3/1/51
264
11
Freddie
Mac
,
Pool
#G18665
.......................................
2.50
11/1/32
10
59
Freddie
Mac
,
Pool
#J26408
........................................
2.50
11/1/28
55
20
Freddie
Mac
,
Pool
#SB8053
.......................................
2.50
7/1/35
18
68
Freddie
Mac
,
Pool
#SB8045
.......................................
2.50
5/1/35
62
363
Freddie
Mac
,
Pool
#RA5286
.......................................
2.50
5/1/51
302
57
Freddie
Mac
,
Pool
#ZS4687
.......................................
2.50
11/1/46
48
39
Freddie
Mac
,
Pool
#G18533
.......................................
2.50
12/1/29
37
86
Freddie
Mac
,
Pool
#J38477
........................................
2.50
2/1/33
80
5
Freddie
Mac
,
Pool
#Q18882
.......................................
3.00
5/1/43
4
12
Freddie
Mac
,
Pool
#Q18599
.......................................
3.00
6/1/43
10
63
Freddie
Mac
,
Pool
#C91581
.......................................
3.00
11/1/32
60
36
Freddie
Mac
,
Pool
#G18569
.......................................
3.00
9/1/30
34
62
Freddie
Mac
,
Pool
#SD8074
.......................................
3.00
7/1/50
54
5
Freddie
Mac
,
Pool
#C91949
.......................................
3.00
9/1/37
4
201
Freddie
Mac
,
Pool
#QB1382
.......................................
3.00
7/1/50
174
41
Freddie
Mac
,
Pool
#ZT0195
.......................................
3.00
9/1/46
36
18
Freddie
Mac
,
Pool
#SD8030
.......................................
3.00
12/1/49
16
132
Freddie
Mac
,
Pool
#ZS4697
.......................................
3.00
1/1/47
116
20
Freddie
Mac
,
Pool
#C91798
.......................................
3.00
12/1/34
18
25
Freddie
Mac
,
Pool
#C91819
.......................................
3.00
4/1/35
23
41
Freddie
Mac
,
Pool
#Q41795
.......................................
3.00
7/1/46
36
179
HC
CAPITAL
TRUST
The
U.S.
Mortgage/Asset
Backed
Fixed
Income
Securities
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
136
Freddie
Mac
,
Pool
#SD8184
.......................................
3.00
12/1/51
$
118
12
Freddie
Mac
,
Pool
#C91905
.......................................
3.00
11/1/36
11
22
Freddie
Mac
,
Pool
#J36428
........................................
3.00
2/1/32
21
11
Freddie
Mac
,
Pool
#J38057
........................................
3.00
12/1/32
11
8
Freddie
Mac
,
Pool
#C91826
.......................................
3.00
5/1/35
7
2
Freddie
Mac
,
Pool
#Q39527
.......................................
3.00
3/1/46
1
13
Freddie
Mac
,
Pool
#C91924
.......................................
3.00
4/1/37
12
3
Freddie
Mac
,
Pool
#J14241
........................................
3.00
1/1/26
3
20
Freddie
Mac
,
Pool
#G18582
.......................................
3.00
1/1/31
19
100
Freddie
Mac
,
Pool
#C04619
.......................................
3.00
3/1/43
88
112
Freddie
Mac
,
Pool
#QA9049
.......................................
3.00
4/1/50
97
71
Freddie
Mac
,
Pool
#C04422
.......................................
3.00
12/1/42
62
41
Freddie
Mac
,
Pool
#G18518
.......................................
3.00
7/1/29
39
51
Freddie
Mac
,
Pool
#G18514
.......................................
3.00
6/1/29
50
35
Freddie
Mac
,
Pool
#G08640
.......................................
3.00
5/1/45
31
68
Freddie
Mac
,
Pool
#ZS4693
.......................................
3.00
12/1/46
60
27
Freddie
Mac
,
Pool
#ZS4703
.......................................
3.00
2/1/47
23
31
Freddie
Mac
,
Pool
#ZS4641
.......................................
3.00
12/1/45
28
37
Freddie
Mac
,
Pool
#G18531
.......................................
3.00
11/1/29
35
29
Freddie
Mac
,
Pool
#G08648
.......................................
3.00
6/1/45
26
41
Freddie
Mac
,
Pool
#J17774
........................................
3.00
1/1/27
40
77
Freddie
Mac
,
Pool
#G60187
.......................................
3.00
8/1/45
68
117
Freddie
Mac
,
Pool
#G60989
.......................................
3.00
12/1/46
104
2
Freddie
Mac
,
Pool
#J17111
........................................
3.00
10/1/26
2
12
Freddie
Mac
,
Pool
#J33135
........................................
3.00
11/1/30
11
14
Freddie
Mac
,
Pool
#G18575
.......................................
3.00
11/1/30
13
10
Freddie
Mac
,
Pool
#J29932
........................................
3.00
11/1/29
10
28
Freddie
Mac
,
Pool
#ZS8686
.......................................
3.00
2/1/33
26
37
Freddie
Mac
,
Pool
#ZT0715
.......................................
3.00
9/1/48
32
101
Freddie
Mac
,
Pool
#SD8024
.......................................
3.00
11/1/49
89
10
Freddie
Mac
,
Pool
#G18534
.......................................
3.00
12/1/29
10
22
Freddie
Mac
,
Pool
#RB5162
.......................................
3.00
6/1/42
19
93
Freddie
Mac
,
Pool
#SD8242
.......................................
3.00
9/1/52
80
74
Freddie
Mac
,
Pool
#G18673
.......................................
3.00
1/1/33
70
42
Freddie
Mac
,
Pool
#ZS4688
.......................................
3.00
11/1/46
37
121
Freddie
Mac
,
Pool
#Q45735
.......................................
3.00
1/1/47
107
6
Freddie
Mac
,
Pool
#G30999
.......................................
3.00
2/1/37
6
21
Freddie
Mac
,
Pool
#G30945
.......................................
3.00
9/1/36
19
53
Freddie
Mac
,
Pool
#ZM2721
.......................................
3.00
2/1/47
47
103
Freddie
Mac
,
Pool
#SB8046
.......................................
3.00
5/1/35
97
53
Freddie
Mac
,
Pool
#ZS4779
.......................................
3.00
6/1/48
46
15
Freddie
Mac
,
Pool
#G18715
.......................................
3.00
12/1/33
14
53
Freddie
Mac
,
Pool
#ZS4706
.......................................
3.00
3/1/47
47
335
Freddie
Mac
,
Pool
#SD8174
.......................................
3.00
10/1/51
290
40
Freddie
Mac
,
Pool
#SD8056
.......................................
3.00
4/1/50
34
73
Freddie
Mac
,
Pool
#ZM2089
.......................................
3.00
11/1/46
65
55
Freddie
Mac
,
Pool
#RA2594
.......................................
3.00
5/1/50
47
35
Freddie
Mac
,
Pool
#C91707
.......................................
3.00
6/1/33
33
42
Freddie
Mac
,
Pool
#G15217
.......................................
3.00
11/1/29
40
21
Freddie
Mac
,
Pool
#G08540
.......................................
3.00
8/1/43
19
21
Freddie
Mac
,
Pool
#Q19754
.......................................
3.00
7/1/43
19
41
Freddie
Mac
,
Pool
#G15145
.......................................
3.00
7/1/29
39
5
Freddie
Mac
,
Pool
#Q13086
.......................................
3.00
11/1/42
4
8
Freddie
Mac
,
Pool
#C91943
.......................................
3.00
7/1/37
8
161
Freddie
Mac
,
Pool
#ZS4519
.......................................
3.00
6/1/43
145
39
Freddie
Mac
,
Pool
#G08783
.......................................
3.00
10/1/47
34
48
Freddie
Mac
,
Pool
#Q20067
.......................................
3.00
7/1/43
43
25
Freddie
Mac
,
Pool
#C91927
.......................................
3.00
5/1/37
23
51
Freddie
Mac
,
Pool
#ZA2313
.......................................
3.00
9/1/33
48
180
HC
CAPITAL
TRUST
The
U.S.
Mortgage/Asset
Backed
Fixed
Income
Securities
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
48
Freddie
Mac
,
Pool
#ZT1323
.......................................
3.00
10/1/48
$
42
78
Freddie
Mac
,
Pool
#QA1033
.......................................
3.00
7/1/49
68
81
Freddie
Mac
,
Pool
#ZS4609
.......................................
3.00
4/1/45
72
12
Freddie
Mac
,
Pool
#J38807
........................................
3.00
4/1/33
11
64
Freddie
Mac
,
Pool
#QA8065
.......................................
3.00
3/1/50
56
113
Freddie
Mac
,
Pool
#Q16222
.......................................
3.00
3/1/43
99
96
Freddie
Mac
,
Pool
#ZS4658
.......................................
3.00
4/1/46
85
108
Freddie
Mac
,
Pool
#ZM2285
.......................................
3.00
12/1/46
95
92
Freddie
Mac
,
Pool
#ZS4621
.......................................
3.00
7/1/45
81
227
Freddie
Mac
,
Pool
#Q21065
.......................................
3.00
8/1/43
200
82
Freddie
Mac
,
Pool
#ZA1283
.......................................
3.00
1/1/43
73
19
Freddie
Mac
,
Pool
#J38675
........................................
3.00
3/1/33
18
4
Freddie
Mac
,
Pool
#C91809
.......................................
3.00
2/1/35
3
4
Freddie
Mac
,
Pool
#C91939
.......................................
3.00
6/1/37
4
54
Freddie
Mac
,
Pool
#ZM2169
.......................................
3.00
11/1/46
48
94
Freddie
Mac
,
Pool
#Q43734
.......................................
3.00
10/1/46
84
454
Freddie
Mac
,
Pool
#ZS4522
.......................................
3.00
7/1/43
409
353
Freddie
Mac
,
Pool
#QD9881
.......................................
3.00
3/1/52
304
85
Freddie
Mac
,
Pool
#ZS4512
.......................................
3.00
5/1/43
76
13
Freddie
Mac
,
Pool
#ZT2019
.......................................
3.00
5/1/34
13
10
Freddie
Mac
,
Pool
#C91969
.......................................
3.00
1/1/38
9
25
Freddie
Mac
,
Pool
#ZS4659
.......................................
3.50
4/1/46
22
28
Freddie
Mac
,
Pool
#ZS4663
.......................................
3.50
5/1/46
25
16
Freddie
Mac
,
Pool
#RA1508
.......................................
3.50
10/1/49
14
34
Freddie
Mac
,
Pool
#Q06749
.......................................
3.50
3/1/42
31
14
Freddie
Mac
,
Pool
#ZT0711
.......................................
3.50
10/1/48
12
82
Freddie
Mac
,
Pool
#Q20860
.......................................
3.50
8/1/43
75
57
Freddie
Mac
,
Pool
#ZS4713
.......................................
3.50
4/1/47
52
31
Freddie
Mac
,
Pool
#G08733
.......................................
3.50
11/1/46
28
1
Freddie
Mac
,
Pool
#E02735
.......................................
3.50
10/1/25
1
27
Freddie
Mac
,
Pool
#G18707
.......................................
3.50
9/1/33
26
43
Freddie
Mac
,
Pool
#Q53176
.......................................
3.50
12/1/47
39
14
Freddie
Mac
,
Pool
#A96409
.......................................
3.50
1/1/41
13
47
Freddie
Mac
,
Pool
#Q08998
.......................................
3.50
6/1/42
43
6
Freddie
Mac
,
Pool
#J13582
........................................
3.50
11/1/25
6
54
Freddie
Mac
,
Pool
#SD8001
.......................................
3.50
7/1/49
49
22
Freddie
Mac
,
Pool
#G08813
.......................................
3.50
5/1/48
20
8
Freddie
Mac
,
Pool
#ZS4747
.......................................
3.50
12/1/47
8
47
Freddie
Mac
,
Pool
#Q51461
.......................................
3.50
10/1/47
43
5
Freddie
Mac
,
Pool
#C91925
.......................................
3.50
4/1/37
5
16
Freddie
Mac
,
Pool
#C91950
.......................................
3.50
9/1/37
15
65
Freddie
Mac
,
Pool
#ZS4651
.......................................
3.50
3/1/46
59
116
Freddie
Mac
,
Pool
#ZS4536
.......................................
3.50
10/1/43
107
49
Freddie
Mac
,
Pool
#G08761
.......................................
3.50
5/1/47
45
10
Freddie
Mac
,
Pool
#Q55002
.......................................
3.50
3/1/48
9
12
Freddie
Mac
,
Pool
#C91742
.......................................
3.50
1/1/34
12
33
Freddie
Mac
,
Pool
#ZS4771
.......................................
3.50
6/1/48
30
95
Freddie
Mac
,
Pool
#ZS4599
.......................................
3.50
1/1/45
88
58
Freddie
Mac
,
Pool
#Q09896
.......................................
3.50
8/1/42
53
28
Freddie
Mac
,
Pool
#J15105
........................................
3.50
4/1/26
27
14
Freddie
Mac
,
Pool
#SB8007
.......................................
3.50
9/1/34
13
263
Freddie
Mac
,
Pool
#ZS4487
.......................................
3.50
6/1/42
243
18
Freddie
Mac
,
Pool
#SB0031
.......................................
3.50
10/1/27
18
58
Freddie
Mac
,
Pool
#ZS4622
.......................................
3.50
7/1/45
54
28
Freddie
Mac
,
Pool
#Q58422
.......................................
3.50
9/1/48
26
27
Freddie
Mac
,
Pool
#ZT1951
.......................................
3.50
5/1/49
25
58
Freddie
Mac
,
Pool
#G61148
.......................................
3.50
9/1/47
53
36
Freddie
Mac
,
Pool
#Q57871
.......................................
3.50
8/1/48
32
24
Freddie
Mac
,
Pool
#ZS4759
.......................................
3.50
3/1/48
22
181
HC
CAPITAL
TRUST
The
U.S.
Mortgage/Asset
Backed
Fixed
Income
Securities
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
141
Freddie
Mac
,
Pool
#RA2469
.......................................
3.50
4/1/50
$
128
52
Freddie
Mac
,
Pool
#ZS4630
.......................................
3.50
9/1/45
48
12
Freddie
Mac
,
Pool
#Q31134
.......................................
3.50
2/1/45
11
86
Freddie
Mac
,
Pool
#G08627
.......................................
3.50
2/1/45
79
21
Freddie
Mac
,
Pool
#C03920
.......................................
3.50
5/1/42
19
73
Freddie
Mac
,
Pool
#QA8794
.......................................
3.50
4/1/50
66
32
Freddie
Mac
,
Pool
#G08687
.......................................
3.50
1/1/46
29
35
Freddie
Mac
,
Pool
#Q12052
.......................................
3.50
10/1/42
33
32
Freddie
Mac
,
Pool
#Q04087
.......................................
3.50
10/1/41
29
13
Freddie
Mac
,
Pool
#J27494
........................................
3.50
2/1/29
13
26
Freddie
Mac
,
Pool
#G30776
.......................................
3.50
7/1/35
25
376
Freddie
Mac
,
Pool
#SD8221
.......................................
3.50
6/1/52
337
33
Freddie
Mac
,
Pool
#Q36040
.......................................
3.50
9/1/45
30
9
Freddie
Mac
,
Pool
#C92003
.......................................
3.50
7/1/38
8
57
Freddie
Mac
,
Pool
#Q08903
.......................................
3.50
6/1/42
53
46
Freddie
Mac
,
Pool
#C91456
.......................................
3.50
6/1/32
44
42
Freddie
Mac
,
Pool
#C91403
.......................................
3.50
3/1/32
39
86
Freddie
Mac
,
Pool
#ZS4618
.......................................
3.50
6/1/45
79
27
Freddie
Mac
,
Pool
#G08698
.......................................
3.50
3/1/46
25
36
Freddie
Mac
,
Pool
#ZA5128
.......................................
3.50
12/1/47
33
276
Freddie
Mac
,
Pool
#SD8038
.......................................
3.50
1/1/50
250
75
Freddie
Mac
,
Pool
#G08766
.......................................
3.50
6/1/47
69
82
Freddie
Mac
,
Pool
#SB8183
.......................................
3.50
10/1/37
78
435
Freddie
Mac
,
Pool
#SD0968
.......................................
3.50
4/1/52
397
73
Freddie
Mac
,
Pool
#G08804
.......................................
3.50
3/1/48
67
96
Freddie
Mac
,
Pool
#SD8226
.......................................
3.50
7/1/52
86
66
Freddie
Mac
,
Pool
#G08641
.......................................
3.50
5/1/45
60
83
Freddie
Mac
,
Pool
#G08562
.......................................
3.50
1/1/44
76
7
Freddie
Mac
,
Pool
#G08620
.......................................
3.50
12/1/44
7
28
Freddie
Mac
,
Pool
#Q37449
.......................................
3.50
11/1/45
26
59
Freddie
Mac
,
Pool
#G08632
.......................................
3.50
3/1/45
54
47
Freddie
Mac
,
Pool
#SD2253
.......................................
3.50
12/1/52
42
19
Freddie
Mac
,
Pool
#G08605
.......................................
3.50
9/1/44
17
19
Freddie
Mac
,
Pool
#G08599
.......................................
3.50
8/1/44
18
21
Freddie
Mac
,
Pool
#G08846
.......................................
3.50
11/1/48
19
543
Freddie
Mac
,
Pool
#SD8214
.......................................
3.50
5/1/52
486
39
Freddie
Mac
,
Pool
#SD8011
.......................................
3.50
9/1/49
35
133
Freddie
Mac
,
Pool
#ZM4908
.......................................
3.50
11/1/47
121
67
Freddie
Mac
,
Pool
#ZS4642
.......................................
3.50
12/1/45
62
8
Freddie
Mac
,
Pool
#C91940
.......................................
3.50
6/1/37
8
63
Freddie
Mac
,
Pool
#Q49490
.......................................
3.50
7/1/47
58
4
Freddie
Mac
,
Pool
#C91760
.......................................
3.50
5/1/34
4
96
Freddie
Mac
,
Pool
#G08636
.......................................
3.50
4/1/45
88
42
Freddie
Mac
,
Pool
#ZS4704
.......................................
3.50
2/1/47
39
25
Freddie
Mac
,
Pool
#G08637
.......................................
4.00
4/1/45
23
1
Freddie
Mac
,
Pool
#J12435
........................................
4.00
6/1/25
1
54
Freddie
Mac
,
Pool
#ZS4731
.......................................
4.00
8/1/47
51
46
Freddie
Mac
,
Pool
#G08459
.......................................
4.00
9/1/41
44
39
Freddie
Mac
,
Pool
#G08567
.......................................
4.00
1/1/44
37
8
Freddie
Mac
,
Pool
#ZT1800
.......................................
4.00
3/1/34
8
68
Freddie
Mac
,
Pool
#ZS4708
.......................................
4.00
3/1/47
65
214
Freddie
Mac
,
Pool
#A96286
.......................................
4.00
1/1/41
206
13
Freddie
Mac
,
Pool
#ZS4652
.......................................
4.00
2/1/46
13
387
Freddie
Mac
,
Pool
#SD8313
.......................................
4.00
4/1/53
359
25
Freddie
Mac
,
Pool
#C91738
.......................................
4.00
11/1/33
24
36
Freddie
Mac
,
Pool
#C09070
.......................................
4.00
12/1/44
35
9
Freddie
Mac
,
Pool
#C91994
.......................................
4.00
5/1/38
8
91
Freddie
Mac
,
Pool
#SD0290
.......................................
4.00
4/1/50
85
38
Freddie
Mac
,
Pool
#SD8039
.......................................
4.00
1/1/50
36
182
HC
CAPITAL
TRUST
The
U.S.
Mortgage/Asset
Backed
Fixed
Income
Securities
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
18
Freddie
Mac
,
Pool
#G08836
.......................................
4.00
9/1/48
$
17
3
Freddie
Mac
,
Pool
#G14453
.......................................
4.00
6/1/26
3
113
Freddie
Mac
,
Pool
#SD8070
.......................................
4.00
6/1/50
105
3
Freddie
Mac
,
Pool
#Q27456
.......................................
4.00
7/1/44
2
41
Freddie
Mac
,
Pool
#G08618
.......................................
4.00
12/1/44
39
22
Freddie
Mac
,
Pool
#G08601
.......................................
4.00
8/1/44
20
6
Freddie
Mac
,
Pool
#G08633
.......................................
4.00
3/1/45
6
36
Freddie
Mac
,
Pool
#Q27594
.......................................
4.00
8/1/44
34
42
Freddie
Mac
,
Pool
#ZS4573
.......................................
4.00
7/1/44
40
22
Freddie
Mac
,
Pool
#Q34081
.......................................
4.00
6/1/45
21
31
Freddie
Mac
,
Pool
#ZT2106
.......................................
4.00
3/1/49
29
43
Freddie
Mac
,
Pool
#G08616
.......................................
4.00
11/1/44
41
45
Freddie
Mac
,
Pool
#G08588
.......................................
4.00
5/1/44
43
10
Freddie
Mac
,
Pool
#ZN5030
.......................................
4.00
4/1/49
10
377
Freddie
Mac
,
Pool
#SD8256
.......................................
4.00
10/1/52
349
24
Freddie
Mac
,
Pool
#C91765
.......................................
4.00
6/1/34
23
20
Freddie
Mac
,
Pool
#ZT1840
.......................................
4.00
9/1/48
19
25
Freddie
Mac
,
Pool
#ZT1320
.......................................
4.00
11/1/48
23
184
Freddie
Mac
,
Pool
#QE6074
.......................................
4.00
7/1/52
171
375
Freddie
Mac
,
Pool
#QE5462
.......................................
4.00
7/1/52
350
368
Freddie
Mac
,
Pool
#SD1132
.......................................
4.00
6/1/52
342
380
Freddie
Mac
,
Pool
#SD8244
.......................................
4.00
9/1/52
352
474
Freddie
Mac
,
Pool
#SD8286
.......................................
4.00
1/1/53
439
21
Freddie
Mac
,
Pool
#G08483
.......................................
4.00
3/1/42
20
55
Freddie
Mac
,
Pool
#ZA4988
.......................................
4.00
8/1/47
52
72
Freddie
Mac
,
Pool
#ZS4627
.......................................
4.00
8/1/45
68
11
Freddie
Mac
,
Pool
#G08672
.......................................
4.00
10/1/45
10
77
Freddie
Mac
,
Pool
#G06506
.......................................
4.00
12/1/40
74
5
Freddie
Mac
,
Pool
#C91923
.......................................
4.00
3/1/37
5
46
Freddie
Mac
,
Pool
#G08785
.......................................
4.00
10/1/47
43
34
Freddie
Mac
,
Pool
#ZT1952
.......................................
4.00
5/1/49
32
30
Freddie
Mac
,
Pool
#G08767
.......................................
4.00
6/1/47
28
18
Freddie
Mac
,
Pool
#G08831
.......................................
4.00
8/1/48
17
34
Freddie
Mac
,
Pool
#Q58680
.......................................
4.00
9/1/48
32
58
Freddie
Mac
,
Pool
#ZL7781
.......................................
4.00
2/1/44
56
56
Freddie
Mac
,
Pool
#ZS4631
.......................................
4.00
9/1/45
53
22
Freddie
Mac
,
Pool
#ZA6946
.......................................
4.00
5/1/49
20
7
Freddie
Mac
,
Pool
#C92019
.......................................
4.00
10/1/38
7
3
Freddie
Mac
,
Pool
#G08642
.......................................
4.00
5/1/45
3
85
Freddie
Mac
,
Pool
#SD8002
.......................................
4.50
7/1/49
82
378
Freddie
Mac
,
Pool
#SD8287
.......................................
4.50
1/1/53
361
22
Freddie
Mac
,
Pool
#G08754
.......................................
4.50
3/1/47
21
16
Freddie
Mac
,
Pool
#Q22671
.......................................
4.50
11/1/43
16
33
Freddie
Mac
,
Pool
#G08759
.......................................
4.50
4/1/47
32
7
Freddie
Mac
,
Pool
#C09059
.......................................
4.50
3/1/44
6
434
Freddie
Mac
,
Pool
#SD8245
.......................................
4.50
9/1/52
414
388
Freddie
Mac
,
Pool
#SD8340
.......................................
4.50
7/1/53
370
21
Freddie
Mac
,
Pool
#ZS4781
.......................................
4.50
7/1/48
21
27
Freddie
Mac
,
Pool
#Q57957
.......................................
4.50
8/1/48
26
10
Freddie
Mac
,
Pool
#G08781
.......................................
4.50
9/1/47
10
4
Freddie
Mac
,
Pool
#A90437
.......................................
4.50
1/1/40
4
39
Freddie
Mac
,
Pool
#A97495
.......................................
4.50
3/1/41
38
91
Freddie
Mac
,
Pool
#RA7928
.......................................
4.50
9/1/52
86
380
Freddie
Mac
,
Pool
#SD8266
.......................................
4.50
11/1/52
362
12
Freddie
Mac
,
Pool
#Q25432
.......................................
4.50
3/1/44
12
42
Freddie
Mac
,
Pool
#ZT1711
.......................................
4.50
2/1/49
41
18
Freddie
Mac
,
Pool
#G60512
.......................................
4.50
12/1/45
17
294
Freddie
Mac
,
Pool
#SD8365
.......................................
4.50
10/1/53
280
406
Freddie
Mac
,
Pool
#A97692
.......................................
4.50
3/1/41
399
183
HC
CAPITAL
TRUST
The
U.S.
Mortgage/Asset
Backed
Fixed
Income
Securities
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
1
Freddie
Mac
,
Pool
#E02862
.......................................
4.50
3/1/26
$
1
22
Freddie
Mac
,
Pool
#ZS4774
.......................................
4.50
5/1/48
21
356
Freddie
Mac
,
Pool
#QE9161
.......................................
4.50
9/1/52
340
20
Freddie
Mac
,
Pool
#ZT1321
.......................................
4.50
11/1/48
20
23
Freddie
Mac
,
Pool
#Q59805
.......................................
4.50
11/1/48
23
380
Freddie
Mac
,
Pool
#SD8306
.......................................
4.50
3/1/53
362
13
Freddie
Mac
,
Pool
#G08596
.......................................
4.50
7/1/44
13
39
Freddie
Mac
,
Pool
#Q00763
.......................................
5.00
5/1/41
39
382
Freddie
Mac
,
Pool
#SD8288
.......................................
5.00
1/1/53
375
82
Freddie
Mac
,
Pool
#G04913
.......................................
5.00
3/1/38
84
458
Freddie
Mac
,
Pool
#SD8315
.......................................
5.00
4/1/53
447
13
Freddie
Mac
,
Pool
#G05205
.......................................
5.00
1/1/39
13
5
Freddie
Mac
,
Pool
#G07068
.......................................
5.00
7/1/41
5
382
Freddie
Mac
,
Pool
#SD8341
.......................................
5.00
7/1/53
373
50
Freddie
Mac
,
Pool
#ZT1779
.......................................
5.00
3/1/49
49
377
Freddie
Mac
,
Pool
#SD8299
.......................................
5.00
2/1/53
368
393
Freddie
Mac
,
Pool
#SD8361
.......................................
5.00
9/1/53
384
5
Freddie
Mac
,
Pool
#SD0093
.......................................
5.00
10/1/49
5
385
Freddie
Mac
,
Pool
#SD8323
.......................................
5.00
5/1/53
376
6
Freddie
Mac
,
Pool
#G08838
.......................................
5.00
9/1/48
6
182
Freddie
Mac
,
Pool
#C01598
.......................................
5.00
8/1/33
183
365
Freddie
Mac
,
Pool
#SD8300
.......................................
5.50
2/1/53
364
112
Freddie
Mac
,
Pool
#G01665
.......................................
5.50
3/1/34
114
1
Freddie
Mac
,
Pool
#A69671
.......................................
5.50
12/1/37
2
1
Freddie
Mac
,
Pool
#A79636
.......................................
5.50
7/1/38
1
29
Freddie
Mac
,
Pool
#G06031
.......................................
5.50
3/1/40
29
373
Freddie
Mac
,
Pool
#SD8331
.......................................
5.50
6/1/53
372
378
Freddie
Mac
,
Pool
#SD8342
.......................................
5.50
7/1/53
376
1
Freddie
Mac
,
Pool
#G06091
.......................................
5.50
5/1/40
1
384
Freddie
Mac
,
Pool
#SD8362
.......................................
5.50
9/1/53
382
389
Freddie
Mac
,
Pool
#SD8372
.......................................
5.50
11/1/53
388
299
Freddie
Mac
,
Pool
#SD8349
.......................................
5.50
8/1/53
298
238
Freddie
Mac
,
Pool
#SD8325
.......................................
6.00
5/1/53
240
385
Freddie
Mac
,
Pool
#SD8373
.......................................
6.00
11/1/53
389
2
Freddie
Mac
,
Pool
#A62706
.......................................
6.00
6/1/37
2
386
Freddie
Mac
,
Pool
#SD8384
.......................................
6.00
12/1/53
390
107
Freddie
Mac
,
Pool
#G02794
.......................................
6.00
5/1/37
110
12
Freddie
Mac
,
Pool
#G05709
.......................................
6.00
6/1/38
13
378
Freddie
Mac
,
Pool
#SD8363
.......................................
6.00
9/1/53
382
374
Freddie
Mac
,
Pool
#SD8350
.......................................
6.00
8/1/53
378
398
Freddie
Mac
,
Pool
#SD8343
.......................................
6.00
7/1/53
401
23
Freddie
Mac
,
Pool
#G03551
.......................................
6.00
11/1/37
24
386
Freddie
Mac
,
Pool
#SD8397
.......................................
6.50
1/1/54
394
284
Freddie
Mac
,
Pool
#SD8374
.......................................
6.50
11/1/53
290
345
Government
National
Mortgage
Association
,
Pool
#MA7051
................
2.00
12/20/50
282
242
Government
National
Mortgage
Association
,
Pool
#MA7533
................
2.00
8/20/51
198
424
Government
National
Mortgage
Association
,
Pool
#MA7766
................
2.00
12/20/51
348
612
Government
National
Mortgage
Association
,
Pool
#MA7935
................
2.00
3/20/52
501
441
Government
National
Mortgage
Association
,
Pool
#MA7471
................
2.00
7/20/51
361
317
Government
National
Mortgage
Association
,
Pool
#MA7366
................
2.00
5/20/51
260
489
Government
National
Mortgage
Association
,
Pool
#MA7311
................
2.00
4/20/51
401
401
Government
National
Mortgage
Association
,
Pool
#MA7986
................
2.00
4/20/52
328
291
Government
National
Mortgage
Association
,
Pool
#MA6930
................
2.00
10/20/50
239
572
Government
National
Mortgage
Association
,
Pool
#MA7826
................
2.00
1/20/52
469
384
Government
National
Mortgage
Association
,
Pool
#MA7588
................
2.00
9/20/51
315
549
Government
National
Mortgage
Association
,
Pool
#MA7704
................
2.00
11/20/51
450
340
Government
National
Mortgage
Association
,
Pool
#MA7417
................
2.00
6/20/51
278
320
Government
National
Mortgage
Association
,
Pool
#MA7254
................
2.00
3/20/51
263
173
Government
National
Mortgage
Association
,
Pool
#MA6864
................
2.00
9/20/50
142
184
HC
CAPITAL
TRUST
The
U.S.
Mortgage/Asset
Backed
Fixed
Income
Securities
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
301
Government
National
Mortgage
Association
,
Pool
#MA6818
................
2.00
8/20/50
$
246
309
Government
National
Mortgage
Association
,
Pool
#MA7135
................
2.00
1/20/51
254
182
Government
National
Mortgage
Association
,
Pool
#MA7880
................
2.00
2/20/52
149
393
Government
National
Mortgage
Association
,
Pool
#MA6994
................
2.00
11/20/50
323
362
Government
National
Mortgage
Association
,
Pool
#MA8041
................
2.00
5/20/52
297
305
Government
National
Mortgage
Association
,
Pool
#MA7255
................
2.50
3/20/51
261
8
Government
National
Mortgage
Association
,
Pool
#MA1133
................
2.50
7/20/28
8
539
Government
National
Mortgage
Association
,
Pool
#MA7767
................
2.50
12/20/51
459
364
Government
National
Mortgage
Association
,
Pool
#MA6865
................
2.50
9/20/50
311
295
Government
National
Mortgage
Association
,
Pool
#MA7193
................
2.50
2/20/51
252
177
Government
National
Mortgage
Association
,
Pool
#MA7705
................
2.50
11/20/51
151
175
Government
National
Mortgage
Association
,
Pool
#MA4125
................
2.50
12/20/46
152
84
Government
National
Mortgage
Association
,
Pool
#MA6598
................
2.50
4/20/50
71
12
Government
National
Mortgage
Association
,
Pool
#MA0601
................
2.50
12/20/27
12
426
Government
National
Mortgage
Association
,
Pool
#MA7827
................
2.50
1/20/52
363
171
Government
National
Mortgage
Association
,
Pool
#MA4260
................
2.50
2/20/47
148
8
Government
National
Mortgage
Association
,
Pool
#MA0908
................
2.50
4/20/28
7
17
Government
National
Mortgage
Association
,
Pool
#MA4067
................
2.50
11/20/46
15
285
Government
National
Mortgage
Association
,
Pool
#MA8042
................
2.50
5/20/52
243
392
Government
National
Mortgage
Association
,
Pool
#MA7987
................
2.50
4/20/52
334
5
Government
National
Mortgage
Association
,
Pool
#MA4355
................
2.50
4/20/32
4
10
Government
National
Mortgage
Association
,
Pool
#MA4424
................
2.50
5/20/32
9
6
Government
National
Mortgage
Association
,
Pool
#MA2890
................
2.50
6/20/45
5
31
Government
National
Mortgage
Association
,
Pool
#MA1283
................
2.50
9/20/43
27
13
Government
National
Mortgage
Association
,
Pool
#776954
.................
2.50
11/15/42
11
15
Government
National
Mortgage
Association
,
Pool
#MA4717
................
2.50
9/20/47
13
187
Government
National
Mortgage
Association
,
Pool
#MA6819
................
2.50
8/20/50
160
10
Government
National
Mortgage
Association
,
Pool
#711729
.................
2.50
3/15/43
9
391
Government
National
Mortgage
Association
,
Pool
#MA7589
................
2.50
9/20/51
333
366
Government
National
Mortgage
Association
,
Pool
#MA7649
................
2.50
10/20/51
313
346
Government
National
Mortgage
Association
,
Pool
#MA7472
................
2.50
7/20/51
295
525
Government
National
Mortgage
Association
,
Pool
#MA7534
................
2.50
8/20/51
447
11
Government
National
Mortgage
Association
,
Pool
#MA4194
................
2.50
1/20/47
9
370
Government
National
Mortgage
Association
,
Pool
#MA8147
................
2.50
7/20/52
315
394
Government
National
Mortgage
Association
,
Pool
#MA6709
................
2.50
6/20/50
337
12
Government
National
Mortgage
Association
,
Pool
#AA8341
................
2.50
2/15/28
11
354
Government
National
Mortgage
Association
,
Pool
#MA7367
................
2.50
5/20/51
302
167
Government
National
Mortgage
Association
,
Pool
#MA6655
................
2.50
5/20/50
143
388
Government
National
Mortgage
Association
,
Pool
#MA7936
................
2.50
3/20/52
331
315
Government
National
Mortgage
Association
,
Pool
#MA7312
................
2.50
4/20/51
269
337
Government
National
Mortgage
Association
,
Pool
#MA7418
................
2.50
6/20/51
287
132
Government
National
Mortgage
Association
,
Pool
#MA6540
................
2.50
3/20/50
113
391
Government
National
Mortgage
Association
,
Pool
#MA7881
................
2.50
2/20/52
333
254
Government
National
Mortgage
Association
,
Pool
#MA6995
................
2.50
11/20/50
218
399
Government
National
Mortgage
Association
,
Pool
#MA7136
................
2.50
1/20/51
341
237
Government
National
Mortgage
Association
,
Pool
#MA6931
................
2.50
10/20/50
203
404
Government
National
Mortgage
Association
,
Pool
#MA7052
................
2.50
12/20/50
346
342
Government
National
Mortgage
Association
,
Pool
#MA7706
................
3.00
11/20/51
302
37
Government
National
Mortgage
Association
,
Pool
#779084
.................
3.00
4/15/42
34
345
Government
National
Mortgage
Association
,
Pool
#MA7828
................
3.00
1/20/52
305
27
Government
National
Mortgage
Association
,
Pool
#MA4068
................
3.00
11/20/46
25
400
Government
National
Mortgage
Association
,
Pool
#MA8098
................
3.00
6/20/52
353
96
Government
National
Mortgage
Association
,
Pool
#MA4836
................
3.00
11/20/47
86
69
Government
National
Mortgage
Association
,
Pool
#MA4777
................
3.00
10/20/47
62
4
Government
National
Mortgage
Association
,
Pool
#AL5058
................
3.00
3/15/45
3
16
Government
National
Mortgage
Association
,
Pool
#MA1265
................
3.00
9/20/28
16
77
Government
National
Mortgage
Association
,
Pool
#MA2520
................
3.00
1/20/45
70
5
Government
National
Mortgage
Association
,
Pool
#MA1890
................
3.00
5/20/29
5
47
Government
National
Mortgage
Association
,
Pool
#MA3873
................
3.00
8/20/46
42
185
HC
CAPITAL
TRUST
The
U.S.
Mortgage/Asset
Backed
Fixed
Income
Securities
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
28
Government
National
Mortgage
Association
,
Pool
#MA0851
................
3.00
3/20/43
$
25
48
Government
National
Mortgage
Association
,
Pool
#MA2444
................
3.00
12/20/44
43
70
Government
National
Mortgage
Association
,
Pool
#MA4961
................
3.00
1/20/48
63
141
Government
National
Mortgage
Association
,
Pool
#MA4899
................
3.00
12/20/47
126
143
Government
National
Mortgage
Association
,
Pool
#MA5076
................
3.00
3/20/48
127
158
Government
National
Mortgage
Association
,
Pool
#MA4126
................
3.00
12/20/46
142
44
Government
National
Mortgage
Association
,
Pool
#MA2825
................
3.00
5/20/45
40
38
Government
National
Mortgage
Association
,
Pool
#AA2654
................
3.00
6/15/43
34
68
Government
National
Mortgage
Association
,
Pool
#MA0461
................
3.00
10/20/42
62
50
Government
National
Mortgage
Association
,
Pool
#MA3104
................
3.00
9/20/45
45
19
Government
National
Mortgage
Association
,
Pool
#MA3520
................
3.00
3/20/46
17
8
Government
National
Mortgage
Association
,
Pool
#AA2934
................
3.00
7/15/42
8
12
Government
National
Mortgage
Association
,
Pool
#AK7285
................
3.00
3/15/45
11
12
Government
National
Mortgage
Association
,
Pool
#MA0205
................
3.00
7/20/27
12
107
Government
National
Mortgage
Association
,
Pool
#MA3936
................
3.00
9/20/46
96
130
Government
National
Mortgage
Association
,
Pool
#MA5018
................
3.00
2/20/48
116
53
Government
National
Mortgage
Association
,
Pool
#MA3309
................
3.00
12/20/45
48
133
Government
National
Mortgage
Association
,
Pool
#MA4261
................
3.00
2/20/47
120
223
Government
National
Mortgage
Association
,
Pool
#MA6599
................
3.00
4/20/50
198
198
Government
National
Mortgage
Association
,
Pool
#MA6656
................
3.00
5/20/50
175
65
Government
National
Mortgage
Association
,
Pool
#MA3802
................
3.00
7/20/46
59
2
Government
National
Mortgage
Association
,
Pool
#5276
..................
3.00
1/20/27
2
35
Government
National
Mortgage
Association
,
Pool
#MA2753
................
3.00
4/20/45
31
68
Government
National
Mortgage
Association
,
Pool
#MA6283
................
3.00
11/20/49
60
89
Government
National
Mortgage
Association
,
Pool
#AA6149
................
3.00
3/20/43
79
45
Government
National
Mortgage
Association
,
Pool
#MA2960
................
3.00
7/20/45
40
117
Government
National
Mortgage
Association
,
Pool
#MA6409
................
3.00
1/20/50
104
122
Government
National
Mortgage
Association
,
Pool
#MA6474
................
3.00
2/20/50
109
59
Government
National
Mortgage
Association
,
Pool
#MA4381
................
3.00
4/20/47
53
92
Government
National
Mortgage
Association
,
Pool
#MA4651
................
3.00
8/20/47
83
56
Government
National
Mortgage
Association
,
Pool
#MA4320
................
3.00
3/20/47
50
85
Government
National
Mortgage
Association
,
Pool
#MA4509
................
3.00
6/20/47
76
66
Government
National
Mortgage
Association
,
Pool
#MA3033
................
3.00
8/20/45
59
80
Government
National
Mortgage
Association
,
Pool
#MA1374
................
3.00
10/20/43
72
65
Government
National
Mortgage
Association
,
Pool
#MA6089
................
3.00
8/20/49
58
64
Government
National
Mortgage
Association
,
Pool
#MA6710
................
3.00
6/20/50
57
73
Government
National
Mortgage
Association
,
Pool
#MA4450
................
3.00
5/20/47
66
15
Government
National
Mortgage
Association
,
Pool
#MA6766
................
3.00
7/20/50
13
122
Government
National
Mortgage
Association
,
Pool
#MA0391
................
3.00
9/20/42
110
321
Government
National
Mortgage
Association
,
Pool
#MA6218
................
3.00
10/20/49
286
17
Government
National
Mortgage
Association
,
Pool
#MA6820
................
3.00
8/20/50
15
11
Government
National
Mortgage
Association
,
Pool
#AG0440
................
3.00
8/15/43
10
115
Government
National
Mortgage
Association
,
Pool
#AD8433
................
3.00
7/15/43
104
58
Government
National
Mortgage
Association
,
Pool
#MA3662
................
3.00
5/20/46
52
76
Government
National
Mortgage
Association
,
Pool
#MA0153
................
3.00
6/20/42
69
352
Government
National
Mortgage
Association
,
Pool
#MA7768
................
3.00
12/20/51
311
430
Government
National
Mortgage
Association
,
Pool
#MA0624
................
3.00
12/20/42
390
4
Government
National
Mortgage
Association
,
Pool
#MA4935
................
3.00
1/20/33
4
42
Government
National
Mortgage
Association
,
Pool
#MA3172
................
3.00
10/20/45
38
7
Government
National
Mortgage
Association
,
Pool
#AN5756
................
3.00
7/15/45
6
17
Government
National
Mortgage
Association
,
Pool
#MA2600
................
3.00
2/20/45
16
157
Government
National
Mortgage
Association
,
Pool
#MA4003
................
3.00
10/20/46
141
97
Government
National
Mortgage
Association
,
Pool
#MA2147
................
3.00
8/20/44
87
100
Government
National
Mortgage
Association
,
Pool
#MA6338
................
3.00
12/20/49
89
140
Government
National
Mortgage
Association
,
Pool
#MA4195
................
3.00
1/20/47
126
21
Government
National
Mortgage
Association
,
Pool
#MA3243
................
3.00
11/20/45
19
53
Government
National
Mortgage
Association
,
Pool
#MA3596
................
3.00
4/20/46
48
117
Government
National
Mortgage
Association
,
Pool
#MA3735
................
3.00
6/20/46
105
15
Government
National
Mortgage
Association
,
Pool
#MA4559
................
3.00
7/20/32
14
186
HC
CAPITAL
TRUST
The
U.S.
Mortgage/Asset
Backed
Fixed
Income
Securities
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
8
Government
National
Mortgage
Association
,
Pool
#MA2797
................
3.00
5/20/30
$
8
42
Government
National
Mortgage
Association
,
Pool
#MA2754
................
3.50
4/20/45
39
11
Government
National
Mortgage
Association
,
Pool
#MA5762
................
3.50
2/20/49
10
85
Government
National
Mortgage
Association
,
Pool
#MA3034
................
3.50
8/20/45
79
15
Government
National
Mortgage
Association
,
Pool
#MA3937
................
3.50
9/20/46
14
57
Government
National
Mortgage
Association
,
Pool
#MA5136
................
3.50
4/20/48
53
66
Government
National
Mortgage
Association
,
Pool
#MA3597
................
3.50
4/20/46
61
68
Government
National
Mortgage
Association
,
Pool
#MA2892
................
3.50
6/20/45
63
118
Government
National
Mortgage
Association
,
Pool
#MA0462
................
3.50
10/20/42
109
454
Government
National
Mortgage
Association
,
Pool
#MA8149
................
3.50
7/20/52
413
34
Government
National
Mortgage
Association
,
Pool
#MA1919
................
3.50
5/20/44
31
61
Government
National
Mortgage
Association
,
Pool
#MA4262
................
3.50
2/20/47
57
82
Government
National
Mortgage
Association
,
Pool
#MA0088
................
3.50
5/20/42
76
53
Government
National
Mortgage
Association
,
Pool
#778157
.................
3.50
3/15/42
49
209
Government
National
Mortgage
Association
,
Pool
#MA0220
................
3.50
7/20/42
194
231
Government
National
Mortgage
Association
,
Pool
#MA8266
................
3.50
9/20/52
210
62
Government
National
Mortgage
Association
,
Pool
#MA4900
................
3.50
12/20/47
57
65
Government
National
Mortgage
Association
,
Pool
#MA4321
................
3.50
3/20/47
60
107
Government
National
Mortgage
Association
,
Pool
#MA5019
................
3.50
2/20/48
98
14
Government
National
Mortgage
Association
,
Pool
#MA6339
................
3.50
12/20/49
13
23
Government
National
Mortgage
Association
,
Pool
#BD5909
................
3.50
10/15/47
21
103
Government
National
Mortgage
Association
,
Pool
#MA0852
................
3.50
3/20/43
95
46
Government
National
Mortgage
Association
,
Pool
#MA4586
................
3.50
7/20/47
42
90
Government
National
Mortgage
Association
,
Pool
#MA3521
................
3.50
3/20/46
84
53
Government
National
Mortgage
Association
,
Pool
#MA3663
................
3.50
5/20/46
49
42
Government
National
Mortgage
Association
,
Pool
#MA5263
................
3.50
6/20/48
39
365
Government
National
Mortgage
Association
,
Pool
#MA8199
................
3.50
8/20/52
332
97
Government
National
Mortgage
Association
,
Pool
#MA4196
................
3.50
1/20/47
90
11
Government
National
Mortgage
Association
,
Pool
#MA6219
................
3.50
10/20/49
10
9
Government
National
Mortgage
Association
,
Pool
#MA5875
................
3.50
4/20/49
8
97
Government
National
Mortgage
Association
,
Pool
#MA3173
................
3.50
10/20/45
90
119
Government
National
Mortgage
Association
,
Pool
#MA2073
................
3.50
7/20/44
112
29
Government
National
Mortgage
Association
,
Pool
#MA4451
................
3.50
5/20/47
27
69
Government
National
Mortgage
Association
,
Pool
#MA4004
................
3.50
10/20/46
64
64
Government
National
Mortgage
Association
,
Pool
#MA0022
................
3.50
4/20/42
59
15
Government
National
Mortgage
Association
,
Pool
#AD2416
................
3.50
5/15/43
14
168
Government
National
Mortgage
Association
,
Pool
#MA2148
................
3.50
8/20/44
157
76
Government
National
Mortgage
Association
,
Pool
#MA3244
................
3.50
11/20/45
70
74
Government
National
Mortgage
Association
,
Pool
#MA2303
................
3.50
10/20/44
69
2
Government
National
Mortgage
Association
,
Pool
#AL8566
................
3.50
3/15/45
2
44
Government
National
Mortgage
Association
,
Pool
#MA4510
................
3.50
6/20/47
41
3
Government
National
Mortgage
Association
,
Pool
#MA1266
................
3.50
9/20/28
3
8
Government
National
Mortgage
Association
,
Pool
#MA6410
................
3.50
1/20/50
8
10
Government
National
Mortgage
Association
,
Pool
#MA6475
................
3.50
2/20/50
9
12
Government
National
Mortgage
Association
,
Pool
#MA6711
................
3.50
6/20/50
11
58
Government
National
Mortgage
Association
,
Pool
#783976
.................
3.50
4/20/43
54
75
Government
National
Mortgage
Association
,
Pool
#AM4971
................
3.50
4/20/45
68
38
Government
National
Mortgage
Association
,
Pool
#MA1838
................
3.50
4/20/44
36
56
Government
National
Mortgage
Association
,
Pool
#MA4719
................
3.50
9/20/47
52
63
Government
National
Mortgage
Association
,
Pool
#MA4652
................
3.50
8/20/47
58
62
Government
National
Mortgage
Association
,
Pool
#MA4069
................
3.50
11/20/46
57
118
Government
National
Mortgage
Association
,
Pool
#MA1157
................
3.50
7/20/43
110
36
Government
National
Mortgage
Association
,
Pool
#AC3938
................
3.50
1/15/43
33
41
Government
National
Mortgage
Association
,
Pool
#MA2445
................
3.50
12/20/44
39
83
Government
National
Mortgage
Association
,
Pool
#MA4127
................
3.50
12/20/46
77
38
Government
National
Mortgage
Association
,
Pool
#740798
.................
3.50
1/15/42
35
50
Government
National
Mortgage
Association
,
Pool
#MA2961
................
3.50
7/20/45
46
36
Government
National
Mortgage
Association
,
Pool
#MA2371
................
3.50
11/20/44
33
69
Government
National
Mortgage
Association
,
Pool
#MA4382
................
3.50
4/20/47
64
187
HC
CAPITAL
TRUST
The
U.S.
Mortgage/Asset
Backed
Fixed
Income
Securities
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
43
Government
National
Mortgage
Association
,
Pool
#MA4778
................
3.50
10/20/47
$
40
48
Government
National
Mortgage
Association
,
Pool
#MA3736
................
3.50
6/20/46
44
6
Government
National
Mortgage
Association
,
Pool
#MA1574
................
3.50
1/20/29
6
37
Government
National
Mortgage
Association
,
Pool
#MA3454
................
3.50
2/20/46
34
51
Government
National
Mortgage
Association
,
Pool
#MA3874
................
3.50
8/20/46
47
51
Government
National
Mortgage
Association
,
Pool
#MA5077
................
3.50
3/20/48
48
55
Government
National
Mortgage
Association
,
Pool
#MA3803
................
3.50
7/20/46
51
52
Government
National
Mortgage
Association
,
Pool
#MA3310
................
3.50
12/20/45
48
62
Government
National
Mortgage
Association
,
Pool
#MA0699
................
3.50
1/20/43
57
13
Government
National
Mortgage
Association
,
Pool
#796271
.................
3.50
7/15/42
12
83
Government
National
Mortgage
Association
,
Pool
#MA4837
................
3.50
11/20/47
76
103
Government
National
Mortgage
Association
,
Pool
#MA0934
................
3.50
4/20/43
95
7
Government
National
Mortgage
Association
,
Pool
#738602
.................
3.50
8/15/26
7
67
Government
National
Mortgage
Association
,
Pool
#MA3376
................
3.50
1/20/46
62
116
Government
National
Mortgage
Association
,
Pool
#MA1090
................
3.50
6/20/43
108
63
Government
National
Mortgage
Association
,
Pool
#MA2678
................
3.50
3/20/45
59
17
Government
National
Mortgage
Association
,
Pool
#738710
.................
4.00
9/15/41
16
34
Government
National
Mortgage
Association
,
Pool
#MA4263
................
4.00
2/20/47
32
58
Government
National
Mortgage
Association
,
Pool
#MA1761
................
4.00
3/20/44
56
76
Government
National
Mortgage
Association
,
Pool
#MA4452
................
4.00
5/20/47
72
12
Government
National
Mortgage
Association
,
Pool
#MA3106
................
4.00
9/20/45
12
62
Government
National
Mortgage
Association
,
Pool
#MA2224
................
4.00
9/20/44
59
14
Government
National
Mortgage
Association
,
Pool
#MA3455
................
4.00
2/20/46
14
16
Government
National
Mortgage
Association
,
Pool
#MA5931
................
4.00
5/20/49
15
70
Government
National
Mortgage
Association
,
Pool
#MA2074
................
4.00
7/20/44
67
13
Government
National
Mortgage
Association
,
Pool
#MA6091
................
4.00
8/20/49
12
13
Government
National
Mortgage
Association
,
Pool
#MA6155
................
4.00
9/20/49
12
52
Government
National
Mortgage
Association
,
Pool
#MA2304
................
4.00
10/20/44
50
25
Government
National
Mortgage
Association
,
Pool
#MA1286
................
4.00
9/20/43
24
23
Government
National
Mortgage
Association
,
Pool
#MA2149
................
4.00
8/20/44
22
17
Government
National
Mortgage
Association
,
Pool
#740068
.................
4.00
9/15/40
16
44
Government
National
Mortgage
Association
,
Pool
#MA0319
................
4.00
8/20/42
42
41
Government
National
Mortgage
Association
,
Pool
#MA4197
................
4.00
1/20/47
39
13
Government
National
Mortgage
Association
,
Pool
#MA5986
................
4.00
6/20/49
12
8
Government
National
Mortgage
Association
,
Pool
#766495
.................
4.00
10/15/41
8
11
Government
National
Mortgage
Association
,
Pool
#4922
..................
4.00
1/20/41
10
40
Government
National
Mortgage
Association
,
Pool
#MA5078
................
4.00
3/20/48
38
22
Government
National
Mortgage
Association
,
Pool
#MA3245
................
4.00
11/20/45
21
377
Government
National
Mortgage
Association
,
Pool
#MA8200
................
4.00
8/20/52
353
45
Government
National
Mortgage
Association
,
Pool
#AB1483
................
4.00
8/15/42
44
19
Government
National
Mortgage
Association
,
Pool
#MA0155
................
4.00
6/20/42
18
48
Government
National
Mortgage
Association
,
Pool
#MA4511
................
4.00
6/20/47
46
26
Government
National
Mortgage
Association
,
Pool
#MA3737
................
4.00
6/20/46
25
44
Government
National
Mortgage
Association
,
Pool
#MA3598
................
4.00
4/20/46
42
14
Government
National
Mortgage
Association
,
Pool
#MA4322
................
4.00
3/20/47
13
8
Government
National
Mortgage
Association
,
Pool
#MA3174
................
4.00
10/20/45
7
43
Government
National
Mortgage
Association
,
Pool
#MA2522
................
4.00
1/20/45
41
19
Government
National
Mortgage
Association
,
Pool
#AD5627
................
4.00
4/15/43
18
48
Government
National
Mortgage
Association
,
Pool
#MA1449
................
4.00
11/20/43
45
53
Government
National
Mortgage
Association
,
Pool
#MA4653
................
4.00
8/20/47
50
36
Government
National
Mortgage
Association
,
Pool
#MA1678
................
4.00
2/20/44
35
27
Government
National
Mortgage
Association
,
Pool
#AM8203
................
4.00
5/15/45
26
29
Government
National
Mortgage
Association
,
Pool
#MA2602
................
4.00
2/20/45
28
46
Government
National
Mortgage
Association
,
Pool
#MA1376
................
4.00
10/20/43
45
46
Government
National
Mortgage
Association
,
Pool
#MA4383
................
4.00
4/20/47
43
85
Government
National
Mortgage
Association
,
Pool
#MA4587
................
4.00
7/20/47
81
72
Government
National
Mortgage
Association
,
Pool
#MA1839
................
4.00
4/20/44
69
26
Government
National
Mortgage
Association
,
Pool
#MA1996
................
4.00
6/20/44
25
148
Government
National
Mortgage
Association
,
Pool
#5139
..................
4.00
8/20/41
142
188
HC
CAPITAL
TRUST
The
U.S.
Mortgage/Asset
Backed
Fixed
Income
Securities
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
8
Government
National
Mortgage
Association
,
Pool
#MA6040
................
4.00
7/20/49
$
8
7
Government
National
Mortgage
Association
,
Pool
#779401
.................
4.00
6/15/42
7
468
Government
National
Mortgage
Association
,
Pool
#MA8267
................
4.00
9/20/52
438
51
Government
National
Mortgage
Association
,
Pool
#MA5595
................
4.00
11/20/48
49
12
Government
National
Mortgage
Association
,
Pool
#AV6086
................
4.00
7/15/47
11
72
Government
National
Mortgage
Association
,
Pool
#MA5466
................
4.00
9/20/48
69
11
Government
National
Mortgage
Association
,
Pool
#MA5330
................
4.00
7/20/48
11
39
Government
National
Mortgage
Association
,
Pool
#MA5876
................
4.00
4/20/49
37
19
Government
National
Mortgage
Association
,
Pool
#753254
.................
4.00
9/15/43
18
40
Government
National
Mortgage
Association
,
Pool
#MA3377
................
4.00
1/20/46
39
39
Government
National
Mortgage
Association
,
Pool
#713876
.................
4.00
8/15/39
38
39
Government
National
Mortgage
Association
,
Pool
#MA5710
................
4.00
1/20/49
37
247
Government
National
Mortgage
Association
,
Pool
#MA8488
................
4.00
12/20/52
231
559
Government
National
Mortgage
Association
,
Pool
#MA8877
................
4.50
5/20/53
537
11
Government
National
Mortgage
Association
,
Pool
#MA4721
................
4.50
9/20/47
11
10
Government
National
Mortgage
Association
,
Pool
#729511
.................
4.50
4/15/40
10
5
Government
National
Mortgage
Association
,
Pool
#BB7097
................
4.50
8/15/47
5
8
Government
National
Mortgage
Association
,
Pool
#MA4129
................
4.50
12/20/46
8
152
Government
National
Mortgage
Association
,
Pool
#721760
.................
4.50
8/15/40
148
11
Government
National
Mortgage
Association
,
Pool
#MA5711
................
4.50
1/20/49
11
13
Government
National
Mortgage
Association
,
Pool
#MA4780
................
4.50
10/20/47
13
31
Government
National
Mortgage
Association
,
Pool
#MA0701
................
4.50
1/20/43
31
49
Government
National
Mortgage
Association
,
Pool
#MA2756
................
4.50
4/20/45
48
16
Government
National
Mortgage
Association
,
Pool
#MA3805
................
4.50
7/20/46
16
6
Government
National
Mortgage
Association
,
Pool
#MA5987
................
4.50
6/20/49
6
208
Government
National
Mortgage
Association
,
Pool
#4801
..................
4.50
9/20/40
206
363
Government
National
Mortgage
Association
,
Pool
#MA8151
................
4.50
7/20/52
350
3
Government
National
Mortgage
Association
,
Pool
#MA5877
................
4.50
4/20/49
3
383
Government
National
Mortgage
Association
,
Pool
#MA8724
................
4.50
3/20/53
368
18
Government
National
Mortgage
Association
,
Pool
#MA1092
................
4.50
6/20/43
18
56
Government
National
Mortgage
Association
,
Pool
#5260
..................
4.50
12/20/41
55
54
Government
National
Mortgage
Association
,
Pool
#MA1762
................
4.50
3/20/44
53
30
Government
National
Mortgage
Association
,
Pool
#MA5818
................
4.50
3/20/49
30
38
Government
National
Mortgage
Association
,
Pool
#MA4384
................
4.50
4/20/47
37
85
Government
National
Mortgage
Association
,
Pool
#717148
.................
4.50
5/15/39
83
35
Government
National
Mortgage
Association
,
Pool
#MA5652
................
4.50
12/20/48
34
5
Government
National
Mortgage
Association
,
Pool
#MA5529
................
4.50
10/20/48
5
3
Government
National
Mortgage
Association
,
Pool
#MA5764
................
4.50
2/20/49
3
28
Government
National
Mortgage
Association
,
Pool
#MA4512
................
4.50
6/20/47
27
9
Government
National
Mortgage
Association
,
Pool
#MA5399
................
4.50
8/20/48
9
9
Government
National
Mortgage
Association
,
Pool
#MA5596
................
4.50
11/20/48
9
21
Government
National
Mortgage
Association
,
Pool
#MA5467
................
4.50
9/20/48
21
13
Government
National
Mortgage
Association
,
Pool
#738793
.................
4.50
9/15/41
13
15
Government
National
Mortgage
Association
,
Pool
#MA5597
................
5.00
11/20/48
15
150
Government
National
Mortgage
Association
,
Pool
#4559
..................
5.00
10/20/39
152
394
Government
National
Mortgage
Association
,
Pool
#MA9105
................
5.00
8/20/53
387
9
Government
National
Mortgage
Association
,
Pool
#MA5530
................
5.00
10/20/48
9
378
Government
National
Mortgage
Association
,
Pool
#MA8647
................
5.00
2/20/53
372
32
Government
National
Mortgage
Association
,
Pool
#604285
.................
5.00
5/15/33
32
395
Government
National
Mortgage
Association
,
Pool
#MA9170
................
5.00
9/20/53
388
9
Government
National
Mortgage
Association
,
Pool
#MA5933
................
5.00
5/20/49
9
8
Government
National
Mortgage
Association
,
Pool
#MA5080
................
5.00
3/20/48
8
31
Government
National
Mortgage
Association
,
Pool
#MA2076
................
5.00
7/20/44
31
4
Government
National
Mortgage
Association
,
Pool
#MA5988
................
5.00
6/20/49
3
9
Government
National
Mortgage
Association
,
Pool
#MA5400
................
5.00
8/20/48
9
9
Government
National
Mortgage
Association
,
Pool
#MA5819
................
5.00
3/20/49
8
393
Government
National
Mortgage
Association
,
Pool
#MA9016
................
5.00
7/20/53
386
8
Government
National
Mortgage
Association
,
Pool
#MA5765
................
5.00
2/20/49
8
198
Government
National
Mortgage
Association
,
Pool
#MA9240
................
5.00
10/20/53
195
189
HC
CAPITAL
TRUST
The
U.S.
Mortgage/Asset
Backed
Fixed
Income
Securities
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
18
Government
National
Mortgage
Association
,
Pool
#MA4007
................
5.00
10/20/46
$
18
5
Government
National
Mortgage
Association
,
Pool
#MA0465
................
5.00
10/20/42
5
69
Government
National
Mortgage
Association
,
Pool
#782523
.................
5.00
11/15/35
69
3
Government
National
Mortgage
Association
,
Pool
#MA5653
................
5.00
12/20/48
3
9
Government
National
Mortgage
Association
,
Pool
#782468
.................
5.00
11/15/38
9
22
Government
National
Mortgage
Association
,
Pool
#712690
.................
5.00
4/15/39
22
44
Government
National
Mortgage
Association
,
Pool
#694531
.................
5.00
11/15/38
44
12
Government
National
Mortgage
Association
,
Pool
#675179
.................
5.00
3/15/38
12
385
Government
National
Mortgage
Association
,
Pool
#MA8800
................
5.00
4/20/53
378
4
Government
National
Mortgage
Association
,
Pool
#MA5712
................
5.00
1/20/49
3
5
Government
National
Mortgage
Association
,
Pool
#658181
.................
5.50
11/15/36
5
236
Government
National
Mortgage
Association
,
Pool
#MA8801
................
5.50
4/20/53
236
27
Government
National
Mortgage
Association
,
Pool
#510835
.................
5.50
2/15/35
27
6
Government
National
Mortgage
Association
,
Pool
#MA0466
................
5.50
10/20/42
6
398
Government
National
Mortgage
Association
,
Pool
#MA9362
................
5.50
12/20/53
398
397
Government
National
Mortgage
Association
,
Pool
#MA9305
................
5.50
11/20/53
397
391
Government
National
Mortgage
Association
,
Pool
#MA9017
................
5.50
7/20/53
388
50
Government
National
Mortgage
Association
,
Pool
#783284
.................
5.50
6/20/40
52
193
Government
National
Mortgage
Association
,
Pool
#MA8948
................
5.50
6/20/53
193
297
Government
National
Mortgage
Association
,
Pool
#MA9241
................
5.50
10/20/53
297
24
Government
National
Mortgage
Association
,
Pool
#4222
..................
6.00
8/20/38
25
27
Government
National
Mortgage
Association
,
Pool
#4245
..................
6.00
9/20/38
28
395
Government
National
Mortgage
Association
,
Pool
#MA9018
................
6.00
7/20/53
399
24
Government
National
Mortgage
Association
,
Pool
#781959
.................
6.00
7/15/35
24
7
Government
National
Mortgage
Association
,
Pool
#699237
.................
6.50
9/15/38
7
396
Government
National
Mortgage
Association
,
Pool
#MA9364
................
6.50
12/20/53
403
1,725
Government
National
Mortgage
Association,
30
YR
TBA
..................
2.00
4/20/54
1,414
25
Government
National
Mortgage
Association,
30
YR
TBA
..................
2.00
5/20/54
21
150
Government
National
Mortgage
Association,
30
YR
TBA
..................
2.50
4/20/54
128
50
Government
National
Mortgage
Association,
30
YR
TBA
..................
2.50
5/20/54
43
25
Government
National
Mortgage
Association,
30
YR
TBA
..................
3.00
5/20/54
22
375
Government
National
Mortgage
Association,
30
YR
TBA
..................
3.00
4/20/54
331
25
Government
National
Mortgage
Association,
30
YR
TBA
..................
3.50
5/20/54
23
200
Government
National
Mortgage
Association,
30
YR
TBA
..................
3.50
4/20/54
182
500
Government
National
Mortgage
Association,
30
YR
TBA
..................
4.00
4/20/54
468
750
Government
National
Mortgage
Association,
30
YR
TBA
..................
4.50
4/20/54
721
50
Government
National
Mortgage
Association,
30
YR
TBA
..................
4.50
5/20/54
48
200
Government
National
Mortgage
Association,
30
YR
TBA
..................
5.00
4/20/54
197
125
Government
National
Mortgage
Association,
30
YR
TBA
..................
5.00
5/20/54
123
200
Government
National
Mortgage
Association,
30
YR
TBA
..................
5.50
5/20/54
200
350
Government
National
Mortgage
Association,
30
YR
TBA
..................
5.50
4/20/54
350
1,400
Government
National
Mortgage
Association,
30
YR
TBA
..................
6.00
4/20/54
1,412
75
Government
National
Mortgage
Association,
30
YR
TBA
..................
6.00
5/20/54
76
725
Government
National
Mortgage
Association,
30
YR
TBA
..................
6.50
4/20/54
737
25
Government
National
Mortgage
Association,
30
YR
TBA
..................
6.50
5/20/54
25
425
Government
National
Mortgage
Association,
30
YR
TBA
..................
7.00
4/20/54
434
25
Government
National
Mortgage
Association,
30
YR
TBA
..................
7.00
5/20/54
26
Total
U.S.
Government
Agency
Mortgages
...........................
182,281
Corporate
Bond
—
0
.10
%
225
PG&E
Wildfire
Recovery
Funding
LLC
(
Electric
Utilities
)
................
5.10
6/1/52
222
Total
Corporate
Bond
...........................................
222
190
HC
CAPITAL
TRUST
The
U.S.
Mortgage/Asset
Backed
Fixed
Income
Securities
Portfolio
of
Investments
(concluded)
—
March
31,
2024
(Unaudited)
The
following
table
reflects
the
percentage
of
total
net
assets
of
the
Portfolio
attributable
to
each
Specialist
Manager
as
of
March
31,
2024
.
Amounts
designated
as
"—"
indicate
the
Specialist
Manager
did
not
manage
any
holdings
in
that
category. 
Shares
Security
Description
Rate
%
Maturity
Date
Value
(000)
Investment
Companies
—
18
.29
%
Domestic
Fixed
Income
—
8
.94
%
339,900
Vanguard
Intermediate-Term
Treasury
ETF
............................
$
19,901
Money
Market
Funds
—
9
.35
%
20,851,139
State
Street
Institutional
Treasury
Plus
Money
Market
Fund,
Trust
Class
........
5.20(b)
20,851
Total
Investment
Companies
......................................
40,752
Total
Investments
Before
TBA
Sale
Commitments
237,853
(cost
$
261,521
)
—
106
.75
%
.......................................
Principal
Amount  
(000)
TBA
Sale
Commitments
(c)
—
(
0
.03
)
%
$
(
75
)
Fannie
Mae,
30
YR
TBA
.........................................
2.00
4/25/54
(
59
)
Total
TBA
Sale
Commitments
.....................................
(
59
)
Liabilities
in
excess
of
other
assets
—
(
6
.72
)
%
.........................
(
14,964
)
Net
Assets
—
100.00%
..........................................
$
222,830
(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
March
31,
2024.
(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.
ETF—Exchange-Traded
Fund
TBA
—
To
Be
Announced
purchase
or
sale
commitment.
Security
is
subject
to
delayed
delivery
The
U.S.
Mortgage/Asset
Backed
Fixed
Income
Securities
Portfolio
Mellon
Investments
Corporation
Parametric
Portfolio
Associates,
LLC
(Options
Overlay)
HC
Capital
Solutions
Total
Asset
Backed
Securities
..................................................................................................................
1.59
%
—
—
1.59
%
Collateralized
Mortgage
Obligations
Companies
............................................................................
4.96
%
—
—
4.96
%
U.S.
Government
Agency
Mortgages
.............................................................................................
81.81
%
—
—
81.81
%
Corporate
Bond
...............................................................................................................................
0.10
%
—
—
0.10
%
Investment
Company
......................................................................................................................
7.00
%
9.96
%
1.33
%
18.29
%
TBA
Sale
Commitments
.................................................................................................................
-0.03
%
—
—
-0.03
%
Other
Assets
(Liabilities)
.................................................................................................................
-6.74
%
—
0.02
%
-6.72
%
Total
Net
Assets
..........................................................................................................................
88.69
%
9.96
%
1.35
%
100.00
%
HC
CAPITAL
TRUST
The
Short-Term
Municipal
Bond
Portfolio
Portfolio
of
Investments
—
March
31,
2024
(Unaudited)
191
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
Municipal
Bonds
—
98
.72
%
Alabama
—
7
.95
%
$
1,130
Auburn
University
Revenue
,
Series
A
Continuously
Callable
@100
...........
5.00
6/1/28
$
1,151
2,315
City
of
Huntsville
AL,
GO
,
Series
A
.................................
5.00
3/1/27
2,453
1,725
County
of
Baldwin
AL,
GO
Continuously
Callable
@100
..................
5.00
5/1/25
1,742
5,346
Arizona
—
5
.62
%
990
Arizona
Department
of
Transportation
State
Highway
Fund
Revenue
.........
5.00
7/1/28
1,081
1,275
Maricopa
County
Industrial
Development
Authority
Revenue
,
Series
D
........
5.00(a)
1/1/46
1,315
1,350
Maricopa
County
Unified
School
District
No.
41
Gilbert,
GO
,
Series
C
........
5.00
7/1/25
1,380
3,776
Arkansas
—
3
.42
%
2,295
Rogers
School
District
No.
30,
GO
Continuously
Callable
@100
(
State
Aid
Withholding
)
..............................................
4.00
2/1/26
2,300
Georgia
—
1
.99
%
1,300
State
of
Georgia,
GO
,
Series
C
.....................................
4.00
1/1/27
1,338
Illinois
—
4
.34
%
1,900
Metropolitan
Water
Reclamation
District
of
Greater
Chicago,
GO
,
Series
C
.....
5.00
12/1/24
1,917
935
State
of
Illinois,
GO
,
Series
D
.....................................
5.00
11/1/27
999
2,916
Indiana
—
4
.01
%
2,660
Indiana
Finance
Authority
Revenue
,
Series
A
(Pre-Refunded/Escrowed
to
Maturity)
5.00
3/1/39
2,697
Iowa
—
3
.27
%
1,000
City
of
Ankeny
IA,
GO
,
Series
A
...................................
5.00
6/1/25
1,019
605
City
of
Dubuque
IA,
GO
,
Series
A
..................................
2.00
6/1/24
603
550
Linn-Mar
Community
School
District,
GO
Continuously
Callable
@100
(
BAM
)
..
5.00
5/1/27
574
2,196
Kansas
—
6
.17
%
2,540
Kansas
Development
Finance
Authority
Revenue
,
Series
D
................
5.00
4/1/25
2,581
1,465
Riley
County
Unified
School
District
No.
383
Manhattan-Ogden,
GO
,
Series
A
(Pre-
Refunded/Escrowed
to
Maturity)
...............................
5.00
9/1/36
1,569
4,150
Maryland
—
8
.56
%
900
County
of
Baltimore
MD,
GO
.....................................
5.00
3/1/31
1,036
1,160
County
of
Harford
MD,
GO
,
Series
B
................................
5.00
2/1/26
1,200
1,640
County
of
Prince
George's
MD,
GO
,
Series
A
..........................
5.00
8/1/28
1,796
1,640
State
of
Maryland
Department
of
Transportation
Revenue
..................
5.00
10/1/26
1,720
5,752
Massachusetts
—
2
.38
%
1,545
Massachusetts
School
Building
Authority
Revenue
,
Series
A
(Pre-Refunded/
Escrowed
to
Maturity)
.......................................
5.00
2/15/49
1,601
Michigan
—
1
.56
%
1,065
Michigan
State
Housing
Development
Authority
Revenue
,
Series
A-1
Continuously
Callable
@100
............................................
0.65
10/1/24
1,051
Minnesota
—
3
.36
%
1,270
State
of
Minnesota,
GO
,
Series
A
...................................
5.00
9/1/28
1,393
750
University
of
Minnesota
Revenue
,
Series
B
............................
5.00
2/1/32
868
2,261
192
HC
CAPITAL
TRUST
The
Short-Term
Municipal
Bond
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
Municipal
Bonds
(continued)
Missouri
—
1
.68
%
$
1,100
Lindbergh
School
District,
GO
.....................................
4.00
3/1/27
$
1,133
Nebraska
—
3
.16
%
2,060
Nebraska
Public
Power
District
Revenue
,
Series
A
.......................
5.00
1/1/26
2,124
New
Jersey
—
6
.57
%
1,250
New
Jersey
Health
Care
Facilities
Financing
Authority
Revenue
,
Series
A
Continuously
Callable
@100
..................................
5.00
7/1/30
1,302
3,000
State
of
New
Jersey,
GO
,
Series
A
...................................
5.00
6/1/26
3,113
4,415
New
York
—
2
.76
%
1,610
New
York
State
Dormitory
Authority
Revenue
,
Series
A-1
.................
5.00
3/15/31
1,856
Oregon
—
1
.99
%
1,250
Oregon
State
Lottery
Revenue
,
Series
A
Continuously
Callable
@100
.........
5.00
4/1/30
1,340
South
Dakota
—
3
.23
%
1,905
South
Dakota
Conservancy
District
Revenue
,
Series
B
....................
5.00
8/1/30
2,171
Texas
—
4
.79
%
1,015
Conroe
Independent
School
District,
GO
(
PSF-GTD
)
.....................
5.00
2/15/25
1,028
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
1,013
3,217
Utah
—
3
.69
%
2,340
Alpine
School
District,
GO
,
Series
A
(
SCH
BD
GTY
)
.....................
4.00
3/15/29
2,481
Virginia
—
3
.84
%
900
City
of
Fredericksburg
VA,
GO
,
Series
A
(
State
Aid
Withholding
)
............
5.00
10/1/29
1,016
1,505
Hampton
Roads
Transportation
Accountability
Commission
Revenue
,
Series
A
..
5.00
7/1/26
1,564
2,580
Washington
—
7
.11
%
1,260
Central
Puget
Sound
Regional
Transit
Authority
Revenue
(Pre-Refunded/Escrowed
to
Maturity)
..............................................
4.00
11/1/50
1,274
1,260
County
of
King
WA,
GO
,
Series
B
..................................
5.00
7/1/25
1,287
585
King
County
School
District
No.
405
Bellevue,
GO
(
SCH
BD
GTY
)
..........
5.00
12/1/24
591
1,590
State
of
Washington,
GO
,
Series
R-2022C
.............................
4.00
7/1/26
1,625
4,777
West
Virginia
—
3
.16
%
2,130
Jefferson
County
Board
of
Education,
GO
.............................
2.00
6/1/24
2,125
Wisconsin
—
4
.11
%
2,700
State
of
Wisconsin,
GO
Continuously
Callable
@100
.....................
5.00
5/1/29
2,760
Total
Municipal
Bonds
..........................................
66,363
193
HC
CAPITAL
TRUST
The
Short-Term
Municipal
Bond
Portfolio
Portfolio
of
Investments
(concluded)
—
March
31,
2024
(Unaudited)
As
of
March
31,
2024
,
100%
of
the
Portfolio’s
net
assets
were
managed
by
Breckinridge
Capital
Advisors,
Inc.
Shares
Security
Description
Rate
%
Maturity
Date
Value
(000)
Investment
Company
—
0
.19
%
Money
Market
Funds
—
0
.19
%
129,502
State
Street
Institutional
Treasury
Plus
Money
Market
Fund,
Trust
Class
........
5.20(b)
$
130
Total
Investment
Company
.......................................
130
Total
Investments
(cost
$
66,951
)
—
98
.91
%
..........................
66,493
Other
assets
in
excess
of
liabilities
—
1
.09
%
..........................
732
Net
Assets
—
100.00%
..........................................
$
67,225
(a)
Interest
rate
is
determined
by
the
Remarketing
Agent.  The
rate
disclosed
is
the
rate
in
effect
on
March
31,
2024.
(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
HC
CAPITAL
TRUST
The
Intermediate
Term
Municipal
Bond
Portfolio
Portfolio
of
Investments
—
March
31,
2024
(Unaudited)
194
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
Municipal
Bonds
—
86.94%
Alabama
—
2.38%
$
1,415
Alabama
Special
Care
Facilities
Financing
Authority-Birmingham
AL
Revenue
Continuously
Callable
@100 
..................................
5.00
6/1/29
$
1,454
1,675
Auburn
University
Revenue,
Series
A 
................................
5.00
6/1/26
1,742
2,895
Black
Belt
Energy
Gas
District
Revenue,
Callable
9/1/31
@
100.53 
...........
4.00(a)
6/1/51
2,913
1,500
Black
Belt
Energy
Gas
District
Revenue,
Series
B,
Callable
9/1/30
@
100.32 
....
5.25
12/1/53
1,599
1,525
County
of
Jefferson
AL
Sewer
Revenue
Continuously
Callable
@100 
.........
5.00
10/1/36
1,719
1,000
Energy
Southeast
A
Cooperative
District
Revenue,
Series
B-1,
Callable
8/1/31
@
100.08 
..................................................
5.75(a)
4/1/54
1,109
1,000
Troy
University
Revenue,
Series
A
(BAM)
.............................
5.00
11/1/26
1,048
11,584
Alaska
—
0.32%
1,495
State
of
Alaska,
GO,
Series
A
Continuously
Callable
@100 
................
5.00
8/1/29
1,542
Arizona
—
2.00%
1,555
City
of
Phoenix
Civic
Improvement
Corp.
Revenue,
Series
B
Continuously
Callable
@100
(AMT)
.............................................
5.00
7/1/30
1,672
1,685
City
of
Phoenix
Civic
Improvement
Corp.
Revenue,
Series
A
Continuously
Callable
@100 
...................................................
5.00
7/1/32
1,913
1,000
Maricopa
County
Union
High
School
District
No.
210-Phoenix,
GO 
..........
5.00
7/1/25
1,022
4,000
Salt
River
Project
Agricultural
Improvement
&
Power
District
Revenue,
Series
A
Continuously
Callable
@100 
..................................
5.00
12/1/36
4,072
1,015
State
of
Arizona
Certificates
of
Participation,
Series
A 
....................
5.00
10/1/25
1,042
9,721
California
—
1.26%
2,500
California
Community
Choice
Financing
Authority
Revenue,
Series
G,
Callable
1/1/30
@
100.19 
...........................................
5.25(a)
11/1/54
2,659
2,000
State
of
California,
GO
Continuously
Callable
@100 
.....................
5.00
9/1/33
2,373
1,000
State
of
California,
GO
Continuously
Callable
@100 
.....................
5.00
4/1/35
1,092
6,124
Colorado
—
2.86%
3,600
City
&
County
of
Denver
CO
Airport
System
Revenue,
Series
A
(AMT)
........
5.00
12/1/25
3,662
3,050
Colorado
Health
Facilities
Authority
Revenue,
Series
A 
...................
5.00
1/1/25
3,083
2,970
Denver
City
&
County
School
District
No.
1,
GO,
Series
A
(State
Aid
Withholding)
5.50
12/1/25
3,085
3,740
State
of
Colorado
Certificates
of
Participation,
Series
M
Continuously
Callable
@100 
...................................................
5.00
3/15/29
4,045
13,875
Connecticut
—
0.91%
1,085
Connecticut
State
Health
&
Educational
Facilities
Authority
Revenue,
Series
B 
..
5.00
12/1/26
1,132
1,500
State
of
Connecticut
Special
Tax
Revenue,
Series
D
Continuously
Callable
@100 
5.00
11/1/34
1,729
1,000
State
of
Connecticut,
GO,
Series
A 
..................................
4.00
1/15/29
1,059
465
State
of
Connecticut,
GO,
Series
E
Continuously
Callable
@100 
.............
5.00
9/15/32
509
4,429
Delaware
—
0.14%
620
Delaware
Transportation
Authority
Revenue
Continuously
Callable
@100 
......
5.00
7/1/32
704
District
of
Columbia
—
2.60%
1,500
District
of
Columbia
Revenue 
.....................................
5.00
4/1/25
1,522
2,500
District
of
Columbia
Revenue
Continuously
Callable
@100 
................
5.00
7/15/32
2,560
1,000
District
of
Columbia,
GO,
Series
D
Continuously
Callable
@100 
............
5.00
6/1/33
1,054
2,075
Metropolitan
Washington
Airports
Authority
Aviation
Revenue,
Series
A
Continuously
Callable
@100
(AMT)
.............................
4.00
10/1/36
2,102
2,000
Metropolitan
Washington
Airports
Authority
Aviation
Revenue,
Series
A
(AMT)
..
5.00
10/1/29
2,176
2,815
Washington
Metropolitan
Area
Transit
Authority
Dedicated
Revenue,
Series
A 
...
5.00
7/15/31
3,238
12,652
195
HC
CAPITAL
TRUST
The
Intermediate
Term
Municipal
Bond
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
Municipal
Bonds
(continued)
Florida
—
3.92%
$
2,000
Alachua
County
Health
Facilities
Authority
Revenue,
Callable
6/1/26
@
100.00 
..
5.00(a)
12/1/37
$
2,053
1,500
Central
Florida
Expressway
Authority
Revenue
(AGM)
....................
5.00
7/1/30
1,693
1,500
County
of
Lee
FL
Solid
Waste
System
Revenue
(AMT)
....................
5.00
10/1/25
1,529
955
County
of
Polk
FL
Utility
System
Revenue 
............................
5.00
10/1/27
1,022
1,000
Florida
Municipal
Power
Agency
Revenue,
Series
A 
.....................
5.00
10/1/25
1,027
2,030
JEA
Electric
System
Revenue,
Series
3A
Continuously
Callable
@100 
........
5.00
10/1/34
2,266
3,250
Orange
County
Convention
Center/Orlando
Revenue,
Series
B 
..............
5.00
10/1/25
3,320
3,295
Orlando
Utilities
Commission
Revenue,
Series
2018-A
Continuously
Callable
@100 
5.00
10/1/32
3,542
1,025
Palm
Beach
County
School
District
Certificates
of
Participation,
Series
A
Continuously
Callable
@100 
..................................
5.00
8/1/36
1,202
1,200
State
of
Florida,
GO,
Series
A 
......................................
5.00
7/1/30
1,374
19,028
Georgia
—
1.88%
5,000
Main
Street
Natural
Gas,
Inc.
Revenue,
Series
C,
Callable
6/1/26
@
100.50 
.....
4.00(a)
3/1/50
5,011
1,000
Savannah
Economic
Development
Authority
Revenue 
....................
1.90
8/1/24
987
1,000
State
of
Georgia,
GO,
Series
A
Continuously
Callable
@100 
................
3.00
8/1/36
948
815
State
of
Georgia,
GO,
Series
A 
.....................................
5.00
7/1/28
894
1,225
State
of
Georgia,
GO,
Series
C 
.....................................
4.00
1/1/28
1,281
9,121
Illinois
—
5.93%
455
Chicago
O'Hare
International
Airport
Revenue,
Series
C
(AMT)
.............
5.00
1/1/32
500
400
Chicago
O'Hare
International
Airport
Revenue,
Series
C
Continuously
Callable
@100
(AMT)
.............................................
5.00
1/1/33
438
58
City
of
Chicago
IL
Certificates
of
Participation,
Series
NT
Continuously
Callable
@100 
...................................................
7.46
2/15/26
43
2,335
City
of
Chicago
Il,
GO,
Series
A
Continuously
Callable
@100 
..............
4.00
1/1/36
2,371
1,375
Illinois
Finance
Authority
Revenue,
Series
B-2,
Callable
5/15/26
@
100.00 
.....
5.00(a)
5/15/50
1,420
1,650
Illinois
Municipal
Electric
Agency
Revenue,
Series
A
Continuously
Callable
@100 
4.00
2/1/35
1,657
1,000
Illinois
State
Toll
Highway
Authority
Revenue,
Series
B 
...................
5.00
1/1/25
1,013
3,035
Metropolitan
Water
Reclamation
District
of
Greater
Chicago,
GO,
Series
A
Continuously
Callable
@100 
..................................
5.00
12/1/27
3,183
1,420
Metropolitan
Water
Reclamation
District
of
Greater
Chicago,
GO,
Series
D 
.....
5.00
12/1/30
1,620
2,000
Regional
Transportation
Authority
Revenue
(AGM)
......................
6.00
6/1/25
2,035
3,000
Sales
Tax
Securitization
Corp.
Revenue,
Series
A 
........................
5.00
1/1/29
3,250
4,600
State
of
Illinois
Sales
Tax
Revenue,
Series
A
(BAM)
......................
5.00
6/15/25
4,674
1,000
State
of
Illinois,
GO,
Series
D 
.....................................
5.00
7/1/27
1,069
2,995
University
of
Illinois
Certificates
of
Participation,
Series
B
Continuously
Callable
@100 
...................................................
5.00
10/1/27
3,108
2,400
University
of
Illinois
Revenue,
Series
A 
..............................
5.00
4/1/25
2,441
28,822
Indiana
—
2.45%
2,500
City
of
Whiting
IN
Revenue
(AMT)
.................................
5.00(a)
12/1/44
2,539
1,350
Indiana
Finance
Authority
Revenue,
Series
A
Continuously
Callable
@100 
.....
5.00
10/1/34
1,576
3,655
Indiana
Finance
Authority
Revenue,
Series
B-3,
Callable
7/1/31
@
101.64 
......
5.00(a)
10/1/55
4,125
2,250
Indiana
Finance
Authority
Revenue,
Series
B,
Callable
1/1/25
@
100.00 
.......
2.25(a)
12/1/58
2,159
1,500
Indiana
Finance
Authority
Revenue,
Series
A 
...........................
3.13
12/1/24
1,491
11,890
Iowa
—
0.10%
450
Iowa
Tobacco
Settlement
Authority
Revenue,
Series
A-2,
Class
-
1
Continuously
Callable
@100 
............................................
5.00
6/1/32
485
Kentucky
—
1.69%
3,560
Kentucky
Public
Energy
Authority
Revenue,
Series
A-1,
Callable
5/1/30
@
100.38 
4.00(a)
8/1/52
3,554
3,115
Kentucky
Public
Energy
Authority
Revenue,
Series
A-1,
Callable
11/1/31
@
100.18 
5.25(a)
4/1/54
3,352
1,150
Louisville/Jefferson
County
Metropolitan
Government,
GO,
Series
A 
.........
5.00
12/1/30
1,322
8,228
196
HC
CAPITAL
TRUST
The
Intermediate
Term
Municipal
Bond
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
Municipal
Bonds
(continued)
Louisiana
—
0.50%
$
1,415
Jefferson
Sales
Tax
District
Revenue,
Series
A
(AGM)
....................
5.00
12/1/25
$
1,451
1,000
Parish
of
St.
John
the
Baptist
LA
Revenue 
.............................
2.10(a)
6/1/37
993
2,444
Maine
—
0.22%
1,025
Finance
Authority
of
Maine
Revenue,
Series
A-1
(AGM)
..................
5.00
12/1/26
1,057
Maryland
—
2.48%
2,000
County
of
Baltimore
MD,
GO
Continuously
Callable
@100 
................
4.00
3/1/33
2,115
860
County
of
Frederick
MD,
GO
Continuously
Callable
@100 
................
5.00
4/1/37
1,008
1,190
County
of
Howard
MD,
GO,
Series
A
Continuously
Callable
@100 
...........
5.00
8/15/34
1,406
2,090
Maryland
State
Transportation
Authority
Passenger
Facility
Charge
Revenue
(AMT)
5.00
6/1/28
2,245
1,000
State
of
Maryland
Department
of
Transportation
Revenue
Continuously
Callable
@100 
...................................................
4.00
10/1/32
1,028
2,500
State
of
Maryland
Department
of
Transportation
Revenue
Continuously
Callable
@100 
...................................................
5.00
10/1/32
2,859
1,240
State
of
Maryland,
GO,
Series
A
Continuously
Callable
@100 
..............
5.00
3/15/31
1,409
12,070
Massachusetts
—
1.77%
3,000
Commonwealth
of
Massachusetts,
GO,
Series
A
(AMBAC)
.................
5.50
8/1/30
3,474
780
Commonwealth
of
Massachusetts,
GO,
Series
A
Continuously
Callable
@100 
...
5.00
5/1/35
920
1,400
Massachusetts
Educational
Financing
Authority
Revenue,
Series
B
(AMT)
......
5.00
7/1/29
1,482
1,000
Massachusetts
Educational
Financing
Authority
Revenue
(AMT)
.............
5.00
1/1/25
1,010
1,500
Massachusetts
Port
Authority
Revenue,
Series
A
(AMT)
...................
5.00
7/1/32
1,706
8,592
Michigan
—
3.61%
1,250
Great
Lakes
Water
Authority
Sewage
Disposal
System
Revenue,
Series
A
Continuously
Callable
@100 
..................................
5.00
7/1/37
1,461
1,280
Michigan
Finance
Authority
Revenue,
Series
B 
.........................
5.00
10/1/30
1,459
6,000
Michigan
Finance
Authority
Revenue,
Callable
5/16/26
@
100.00 
............
5.00(a)
11/15/44
6,185
1,100
Michigan
Finance
Authority
Revenue 
................................
5.00
10/1/29
1,231
1,425
Michigan
Finance
Authority
Revenue 
................................
5.00
2/28/34
1,621
1,000
Michigan
Finance
Authority
Revenue
Continuously
Callable
@100 
...........
5.50
12/1/29
1,025
1,450
Michigan
State
Building
Authority
Revenue 
...........................
5.00
4/15/25
1,473
2,960
Utica
Community
Schools,
GO
(Q-SBLF)
.............................
5.00
5/1/26
3,073
17,528
Minnesota
—
3.22%
1,000
Minneapolis-St
Paul
Metropolitan
Airports
Commission
Revenue,
Series
C 
.....
5.00
1/1/26
1,031
1,750
Minnesota
Agricultural
&
Economic
Development
Board
Revenue
Continuously
Callable
@100 
............................................
5.00
1/1/36
2,038
2,195
Minnesota
Housing
Finance
Agency
Revenue,
Series
B 
...................
5.00
8/1/30
2,439
1,985
Minnesota
Housing
Finance
Agency
Revenue,
Series
B 
...................
5.00
8/1/28
2,147
1,240
Minnesota
Housing
Finance
Agency
Revenue,
Series
B 
...................
5.00
8/1/29
1,359
1,345
State
of
Minnesota
Certificates
of
Participation 
.........................
5.00
11/1/33
1,611
3,000
State
of
Minnesota,
GO,
Series
B
Continuously
Callable
@100 
..............
5.00
8/1/35
3,554
1,260
State
of
Minnesota,
GO,
Series
E 
...................................
5.00
8/1/30
1,444
15,623
Missouri
—
1.09%
2,400
Health
&
Educational
Facilities
Authority
of
the
State
of
Missouri
Revenue,
Series
A 
......................................................
5.00
6/1/25
2,433
2,505
The
Curators
of
the
University
of
Missouri
Revenue,
Series
B 
...............
5.00
11/1/30
2,871
5,304
Nebraska
—
0.77%
1,000
City
of
Omaha
NE
Sewer
Revenue,
Series
A
Continuously
Callable
@100 
......
4.00
4/1/31
1,069
1,000
City
of
Omaha
NE
Sewer
Revenue,
Series
A
Continuously
Callable
@100 
......
4.00
4/1/32
1,066
197
HC
CAPITAL
TRUST
The
Intermediate
Term
Municipal
Bond
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
Municipal
Bonds
(continued)
Nebraska
(continued)
$
1,350
Omaha
Public
Power
District
Revenue,
Series
B
Continuously
Callable
@100 
...
5.00
2/1/34
$
1,585
3,720
Nevada
—
2.05%
2,915
Clark
County
School
District,
GO,
Series
A
Continuously
Callable
@100
(AGM)
.
5.00
6/15/32
3,291
5,435
Las
Vegas
Valley
Water
District,
GO,
Series
C
Continuously
Callable
@100 
....
4.00
6/1/34
5,867
800
Nevada
System
of
Higher
Education
Certificates
of
Participation,
Series
A
Continuously
Callable
@100 
..................................
5.00
7/1/26
804
9,962
New
Jersey
—
3.42%
1,000
New
Jersey
Economic
Development
Authority
Revenue,
Series
RRR 
.........
5.00
3/1/28
1,073
1,210
New
Jersey
Economic
Development
Authority
Revenue 
...................
5.00
6/15/28
1,301
430
New
Jersey
Economic
Development
Authority
Revenue
Continuously
Callable
@100 
...................................................
5.00
11/1/30
474
1,000
New
Jersey
Educational
Facilities
Authority
Revenue,
Series
C 
..............
5.00
3/1/31
1,167
1,725
New
Jersey
Higher
Education
Student
Assistance
Authority
Revenue,
Series
B
(AMT)
..................................................
5.00
12/1/29
1,869
750
New
Jersey
Transportation
Trust
Fund
Authority
Revenue,
Series
AA
Continuously
Callable
@100 
............................................
5.00
6/15/36
864
1,750
New
Jersey
Transportation
Trust
Fund
Authority
Revenue,
Series
BB
Continuously
Callable
@100 
............................................
5.00
6/15/36
2,036
1,000
New
Jersey
Transportation
Trust
Fund
Authority
Revenue,
Series
AA 
.........
5.00
6/15/30
1,121
4,295
New
Jersey
Turnpike
Authority
Revenue,
Series
A
Continuously
Callable
@100 
.
5.00
1/1/31
4,433
1,100
State
of
New
Jersey,
GO,
Series
A 
...................................
4.00
6/1/31
1,194
1,035
Tobacco
Settlement
Financing
Corp.
Revenue,
Series
A
Continuously
Callable
@100 
...................................................
5.00
6/1/33
1,093
16,625
New
Mexico
—
0.77%
1,025
Albuquerque
Municipal
School
District
No.
12,
GO
Continuously
Callable
@100
(State
Aid
Withholding)
......................................
5.00
8/1/29
1,119
2,590
New
Mexico
Educational
Assistance
Foundation
Revenue,
Series
1-A
(AMT)
....
5.00
9/1/25
2,636
3,755
New
York
—
6.75%
2,890
City
of
New
York
NY,
GO,
Series
1-A
Continuously
Callable
@100 
..........
5.00
4/1/32
3,280
5,000
City
of
New
York
NY,
GO,
Series
C 
.................................
5.00
8/1/28
5,448
1,700
Metropolitan
Transportation
Authority
Revenue,
Series
B
Continuously
Callable
@100 
...................................................
5.00
11/15/29
1,779
2,410
New
York
City
Municipal
Water
Finance
Authority
Revenue,
Series
BB-2
Continuously
Callable
@100 
..................................
5.00
6/15/27
2,483
1,000
New
York
City
Municipal
Water
Finance
Authority
Revenue,
Series
DD
Continuously
Callable
@100 
..................................
5.00
6/15/34
1,195
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
940
1,500
New
York
City
Transitional
Finance
Authority
Revenue,
Series
D-1
Continuously
Callable
@100 
............................................
5.00
11/1/36
1,776
1,000
New
York
State
Dormitory
Authority
Revenue,
Series
A
Continuously
Callable
@100 
...................................................
5.00
2/15/31
1,056
4,710
New
York
State
Thruway
Authority
Revenue,
Series
A
Continuously
Callable
@100 
5.00
3/15/35
5,521
1,165
New
York
State
Urban
Development
Corp.
Revenue,
Series
A
Continuously
Callable
@100 
...................................................
5.00
3/15/35
1,386
1,795
New
York
Transportation
Development
Corp.
Revenue
(AMT)
..............
5.00
12/1/27
1,882
4,970
Port
Authority
of
New
York
&
New
Jersey
Revenue,
Series
207
Continuously
Callable
@100
(AMT)
.......................................
4.00
3/15/30
5,037
32,787
198
HC
CAPITAL
TRUST
The
Intermediate
Term
Municipal
Bond
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
Municipal
Bonds
(continued)
North
Carolina
—
0.90%
$
820
City
of
Fayetteville
NC
Public
Works
Commission
Revenue 
................
5.00
3/1/31
$
948
1,000
County
of
Wake
NC
Revenue 
......................................
5.00
9/1/28
1,103
1,100
County
of
Wake
NC,
GO,
Series
A 
..................................
5.00
2/1/30
1,246
1,000
The
Charlotte-Mecklenburg
Hospital
Authority
Revenue 
..................
5.00(a)
1/15/50
1,081
4,378
Ohio
—
2.87%
3,000
Buckeye
Tobacco
Settlement
Financing
Authority
Revenue,
Series
A-2,
Class
-
1
Continuously
Callable
@100 
..................................
5.00
6/1/32
3,223
1,450
City
of
Columbus
OH
Sewerage
Revenue
Continuously
Callable
@100 
........
5.00
6/1/29
1,514
820
City
of
Columbus
OH,
GO,
Series
A
Continuously
Callable
@100 
...........
5.00
8/15/34
987
1,000
County
of
Butler
OH
Revenue,
Series
X 
..............................
5.00
5/15/29
1,106
245
County
of
Mahoning
OH
Revenue
Continuously
Callable
@100
(NATL)
.......
5.50
10/15/25
248
800
County
of
Montgomery
OH
Revenue
Continuously
Callable
@100 
...........
5.00
8/1/33
893
1,750
Ohio
Water
Development
Authority
Revenue,
Series
A
Continuously
Callable
@100 
5.00
12/1/37
2,048
2,000
State
of
Ohio
Revenue 
...........................................
2.75(a)
1/1/52
1,953
500
State
of
Ohio
Revenue,
Series
A
Continuously
Callable
@100 
...............
5.00
1/1/30
540
775
University
of
Cincinnati
Revenue,
Series
A 
............................
5.00
6/1/26
803
600
University
of
Cincinnati
Revenue,
Series
A 
............................
5.00
6/1/25
610
13,925
Oklahoma
—
0.12%
530
Oklahoma
Municipal
Power
Authority
Revenue,
Series
A
Continuously
Callable
@100
(AGM)
.............................................
4.00
1/1/32
571
Oregon
—
1.91%
1,305
Benton
&
Linn
Counties
Consolidated
School
District
No.
509J
&
509A
Corvallis,
GO,
Series
A
(SCH
BD
GTY)
..................................
5.00(a)
6/15/25
1,331
2,500
Multnomah
County
School
District
No.
1
Portland,
GO
(SCH
BD
GTY)
.......
5.00
6/15/29
2,797
2,500
Port
of
Portland
OR
Airport
Revenue,
Series
29
Continuously
Callable
@100
(AMT)
5.00
7/1/35
2,770
2,000
Portland
Community
College
District,
GO
Continuously
Callable
@100 
.......
5.00
6/15/35
2,363
9,261
Pennsylvania
—
4.75%
1,000
City
of
Philadelphia
PA
Water
&
Wastewater
Revenue,
Series
B 
.............
5.00
11/1/27
1,073
1,000
City
of
Philadelphia
PA
Water
&
Wastewater
Revenue,
Series
B
(AGM)
........
5.00
9/1/29
1,113
2,000
City
of
Philadelphia
PA
Water
&
Wastewater
Revenue,
Series
B
Continuously
Callable
@100 
............................................
4.00
7/1/35
2,017
2,600
City
of
Philadelphia
PA,
GO,
Series
B
Continuously
Callable
@100 
..........
5.00
2/1/30
2,862
1,735
City
of
Philadelphia
PA,
GO,
Series
B
Continuously
Callable
@100 
..........
5.00
2/1/31
1,901
1,000
Commonwealth
Financing
Authority
Revenue
Continuously
Callable
@100 
....
5.00
6/1/32
1,067
3,500
Commonwealth
of
Pennsylvania,
GO
Continuously
Callable
@100
(BAM)
.....
4.00
3/1/35
3,597
850
Easton
Area
School
District,
GO,
Series
A
(State
Aid
Withholding)
...........
4.00
4/1/25
856
1,860
Luzerne
County
Industrial
Development
Authority
Revenue,
Callable
12/3/29
@
100.00
(AMT)
.............................................
2.45(a)
12/1/39
1,728
3,625
Pennsylvania
Economic
Development
Financing
Authority
Revenue
Continuously
Callable
@100
(AMT)
.......................................
5.00
12/31/33
3,958
1,000
Pennsylvania
Higher
Education
Assistance
Agency
Revenue,
Series
A
(AMT)
....
5.00
6/1/29
1,078
625
Pennsylvania
Turnpike
Commission
Revenue,
Series
B 
...................
5.00
12/1/28
687
1,000
The
School
District
of
Philadelphia,
GO,
Series
A
Continuously
Callable
@100
(State
Aid
Withholding)
......................................
5.25
9/1/36
1,147
23,084
Rhode
Island
—
0.56%
625
Rhode
Island
Student
Loan
Authority
Revenue,
Series
A
(AMT)
.............
5.00
12/1/29
689
1,875
Rhode
Island
Student
Loan
Authority
Revenue,
Series
A
(AMT)
.............
5.00
12/1/29
2,043
2,732
South
Carolina
—
1.40%
3,680
County
of
Charleston
SC,
GO,
Series
A
(State
Aid
Withholding)
.............
5.00
11/1/26
3,867
199
HC
CAPITAL
TRUST
The
Intermediate
Term
Municipal
Bond
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
Municipal
Bonds
(continued)
South
Carolina
(continued)
$
1,000
Piedmont
Municipal
Power
Agency
Revenue,
Series
B 
....................
5.00
1/1/29
$
1,081
680
South
Carolina
Public
Service
Authority
Revenue,
Series
A 
................
5.00
12/1/27
732
1,000
South
Carolina
Public
Service
Authority
Revenue,
Series
A 
................
5.00
12/1/31
1,126
6,806
South
Dakota
—
0.37%
1,675
South
Dakota
Board
of
Regents
Housing
&
Auxiliary
Facilities
System
Revenue
Continuously
Callable
@100 
..................................
5.00
4/1/29
1,779
Tennessee
—
1.08%
1,215
County
of
Hamblen
TN,
GO 
......................................
5.00
5/1/29
1,350
1,235
Metropolitan
Government
Nashville
&
Davidson
County
Health
&
Educational
Facs
Bd
Revenue 
..............................................
5.00
5/1/31
1,388
1,000
Metropolitan
Government
Nashville
&
Davidson
County
Health
&
Educational
Facs
Bd
Revenue
Continuously
Callable
@100 
.........................
5.00
5/1/35
1,135
1,350
Metropolitan
Government
of
Nashville
&
Davidson
County
TN,
GO
Continuously
Callable
@100 
............................................
4.00
7/1/33
1,398
5,271
Texas
—
11.67%
1,025
Arlington
Higher
Education
Finance
Corp.
Revenue
(PSF-GTD)
.............
5.00
8/15/27
1,090
1,230
Arlington
Higher
Education
Finance
Corp.
Revenue
(PSF-GTD)
.............
5.00
8/15/28
1,333
2,450
City
of
Dallas
TX,
GO
Continuously
Callable
@100 
.....................
5.00
2/15/27
2,482
2,500
City
of
Houston
TX
Airport
System
Revenue,
Series
C
(AMT)
..............
5.00
7/1/25
2,534
300
City
of
Pearland
TX,
GO
Continuously
Callable
@100 
....................
5.00
3/1/29
319
1,000
City
of
San
Antonio
TX
Airport
System
Revenue,
Series
A
(AMT)
............
5.00
7/1/26
1,023
1,750
City
of
San
Antonio
TX
Airport
System
Revenue,
Series
A
(AMT)
............
5.00
7/1/25
1,780
1,300
City
of
San
Antonio
TX
Electric
&
Gas
Systems
Revenue,
Series
B 
...........
4.00
2/1/33
1,400
1,205
Clifton
Higher
Education
Finance
Corp.
Revenue
(PSF-GTD)
...............
5.00
8/15/24
1,211
950
Clifton
Higher
Education
Finance
Corp.
Revenue,
Series
T
Continuously
Callable
@100
(PSF-GTD)
..........................................
4.00
8/15/34
1,005
2,200
Clifton
Higher
Education
Finance
Corp.
Revenue
(PSF-GTD)
...............
5.00
8/15/25
2,253
500
Conroe
Independent
School
District,
GO
Continuously
Callable
@100
(PSF-GTD)
5.00
2/15/30
508
1,750
County
of
Harris
TX
Revenue
Continuously
Callable
@100 
................
5.00
8/15/34
1,787
1,545
County
of
Harris
TX
Revenue,
Series
A
Continuously
Callable
@100 
.........
5.00
8/15/30
1,607
4,730
Dallas
Area
Rapid
Transit
Revenue
Continuously
Callable
@100 
............
5.00
12/1/33
5,294
2,500
Dallas
Independent
School
District,
GO,
Series
A
Continuously
Callable
@100
(PSF-GTD)
...............................................
5.00
2/15/27
2,537
1,650
Harris
County
Cultural
Education
Facilities
Finance
Corp.
Revenue 
..........
5.00
11/15/25
1,692
1,500
Harris
County
Cultural
Education
Facilities
Finance
Corp.
Revenue
Continuously
Callable
@100 
............................................
5.00
10/1/27
1,539
2,100
Harris
County
Cultural
Education
Facilities
Finance
Corp.
Revenue 
..........
5.00
11/15/27
2,236
1,040
Love
Field
Airport
Modernization
Corp.
Revenue
Continuously
Callable
@100 
..
5.00
11/1/28
1,030
2,300
Love
Field
Airport
Modernization
Corp.
Revenue
(AMT)
..................
5.00
11/1/25
2,339
2,180
Lower
Colorado
River
Authority
Revenue
Continuously
Callable
@100 
.......
5.00
5/15/32
2,438
1,000
Lower
Colorado
River
Authority
Revenue
Continuously
Callable
@100
(AGM)
..
5.00
5/15/34
1,170
1,090
Lower
Colorado
River
Authority
Revenue
(AGM)
.......................
5.00
5/15/29
1,204
1,000
Lower
Colorado
River
Authority
Revenue 
.............................
5.00
5/15/26
1,037
2,410
Midland
Independent
School
District,
GO
Continuously
Callable
@100
(PSF-GTD)
5.00
2/15/37
2,793
250
North
Texas
Tollway
Authority
Revenue,
Series
A
Continuously
Callable
@100 
..
5.00
1/1/25
251
2,000
Tarrant
County
Cultural
Education
Facilities
Finance
Corp.
Revenue,
Series
A,
Callable
1/1/32
@
100.00 
....................................
5.00(a)
7/1/53
2,238
3,500
Texas
Municipal
Gas
Acquisition
&
Supply
Corp.
IV
Revenue,
Series
B,
Callable
7/1/33
@
100.00 
...........................................
5.50(a)
1/1/54
3,882
2,230
University
of
Houston
Revenue,
Series
C
Continuously
Callable
@100 
........
5.00
2/15/28
2,300
1,300
West
Harris
County
Regional
Water
Authority
Revenue 
...................
5.00
12/15/27
1,390
1,000
West
Travis
County
Public
Utility
Agency
Revenue
(BAM)
.................
5.00
8/15/26
1,044
56,746
200
HC
CAPITAL
TRUST
The
Intermediate
Term
Municipal
Bond
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2024
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
Municipal
Bonds
(continued)
Virginia
—
0.68%
$
1,215
City
of
Chesapeake
VA,
GO,
Series
A
Continuously
Callable
@100 
..........
5.00
8/1/31
$
1,309
850
Hampton
Roads
Transportation
Accountability
Commission
Revenue,
Series
A
Continuously
Callable
@100 
..................................
5.00
7/1/31
973
1,000
Roanoke
Economic
Development
Authority
Revenue 
.....................
5.00
7/1/25
1,023
3,305
Washington
—
3.81%
1,370
King
County
School
District
No.
401
Highline,
GO
Continuously
Callable
@100
(SCH
BD
GTY)
............................................
5.00
12/1/31
1,440
1,050
King
County
School
District
No.
405
Bellevue,
GO
Continuously
Callable
@100
(SCH
BD
GTY)
............................................
5.00
12/1/29
1,142
1,500
Port
of
Seattle
WA
Revenue
(AMT)
..................................
5.00
4/1/26
1,540
1,555
Port
of
Seattle
WA
Revenue
Continuously
Callable
@100
(AMT)
............
5.00
8/1/33
1,718
1,300
State
of
Washington,
GO,
Series
C
Continuously
Callable
@100 
.............
5.00
2/1/33
1,494
7,065
State
of
Washington,
GO,
Series
R-2017A
Continuously
Callable
@100 
.......
5.00
8/1/32
7,390
790
State
of
Washington,
GO,
Series
C 
..................................
5.00
2/1/32
922
1,600
Washington
Health
Care
Facilities
Authority
Revenue,
Series
B1,
Callable
4/25/24
@
100.00 
................................................
5.00(a)
8/1/49
1,602
1,250
Washington
Health
Care
Facilities
Authority
Revenue,
Series
B 
.............
5.00
10/1/25
1,274
18,522
Wisconsin
—
1.73%
3,455
Public
Finance
Authority
Revenue,
Series
A-2 
..........................
3.70(a)
10/1/46
3,510
1,225
University
of
Wisconsin
Hospitals
&
Clinics
Revenue,
Series
A 
.............
5.00
4/1/26
1,262
2,460
Wisconsin
Health
&
Educational
Facilities
Authority
Revenue,
Series
A
Continuously
Callable
@100 
..................................
5.00
11/15/35
2,530
1,100
Wisconsin
Health
&
Educational
Facilities
Authority
Revenue 
..............
4.00
11/15/26
1,112
8,414
Total
Municipal
Bonds
..........................................
422,466
Shares
Investment
Companies
—
12.48%
Domestic
Fixed
Income
—
9.77%
101,025
BlackRock
California
Municipal
Income
Trust
..........................
1,194
188,720
BlackRock
Municipal
2030
Target
Term
Trust
..........................
3,975
222,293
BlackRock
Municipal
Income
Fund,
Inc.
..............................
2,681
53,200
BlackRock
MuniYield
Fund,
Inc.
...................................
588
248,844
BlackRock
MuniYield
Quality
Fund
III,
Inc.
...........................
2,852
71,012
DTF
Tax-Free
Income
2028
Term
Fund,
Inc.
...........................
763
308,613
DWS
Municipal
Income
Trust
......................................
2,787
153,671
Eaton
Vance
California
Municipal
Bond
Fund
..........................
1,452
171,994
Eaton
Vance
Municipal
Bond
Fund
..................................
1,780
121,260
Federated
Hermes
Premier
Municipal
Income
Fund
......................
1,342
356,298
Invesco
Quality
Municipal
Income
Trust
..............................
3,449
29,410
iShares
National
Muni
Bond
ETF
...................................
3,165
85,071
MainStay
MacKay
DefinedTerm
Municipal
Opportunities
Fund
..............
1,391
181,653
MFS
High
Income
Municipal
Trust
..................................
659
289,265
MFS
High
Yield
Municipal
Trust
....................................
963
307,339
Nuveen
AMT-Free
Quality
Municipal
Income
Fund
......................
3,402
288,013
Nuveen
Municipal
Credit
Income
Fund
...............................
3,525
64,491
Nuveen
Municipal
Value
Fund,
Inc.
..................................
562
320,490
Nuveen
Quality
Municipal
Income
Fund
..............................
3,673
205,994
PIMCO
California
Municipal
Income
Fund
II
...........................
1,189
127,109
PIMCO
Municipal
Income
Fund
III
..................................
950
139,842
Pioneer
Municipal
High
Income
Advantage
Fund,
Inc.
....................
1,140
201
HC
CAPITAL
TRUST
The
Intermediate
Term
Municipal
Bond
Portfolio
Portfolio
of
Investments
(concluded)
—
March
31,
2024
(Unaudited)
The
following
table
reflects
the
percentage
of
total
net
assets
of
the
Portfolio
attributable
to
each
Specialist
Manager
as
of
March
31,
2024.
Amounts
designated
as
"—"
indicate
the
Specialist
Manager
did
not
manage
any
holdings
in
that
category. 
Shares
Security
Description
Rate
%
Maturity  
Date
Value
(000)
Domestic
Fixed
Income
(continued)
65,747
Pioneer
Municipal
High
Income
Opportunities
Fund,
Inc.
..................
$
744
311,239
Western
Asset
Managed
Municipals
Fund,
Inc.
..........................
3,252
47,478
Money
Market
Funds
—
2.71%
13,139,990
BlackRock
Liquidity
Funds
MuniCash
................................
3.23(b)
13,141
Total
Investment
Companies
......................................
60,619
Total
Investments
(cost
$488,535)
—
99.42%
.........................
483,085
Other
assets
in
excess
of
liabilities
—
0.58%
..........................
2,830
Net
Assets
—
100.00%
..........................................
$
485,915
(a)
Interest
rate
is
determined
by
the
Remarketing
Agent.  The
rate
disclosed
is
the
rate
in
effect
on
March
31,
2024.
(b)
Annualized
7-day
yield
as
of
period-end.
AGM—Assured
Guaranty
Municipal
Corporation
AMBAC—American
Municipal
Bond
Assurance
Corporation
AMT—Alternative
Minimum
Tax
BAM—Build
America
Mutual
ETF—Exchange-Traded
Fund
GO—General
Obligation
PSF-GTD—Public
School
Fund
Guaranteed
Q-SBLF—Qualified
School
Bond
Loan
Fund
SCH
BD
GTY—School
Board
Guaranty
The
Intermediate
Term
Municipal
Bond
Portfolio
Insight
North
America
LLC
Breckinridge
Capital
Advisors,
Inc
City
of
London
Investment
Management
Company,
Limited
HC
Capital
Solutions
Total
Municipal
Bonds
.....................................................................................................
78.38
%
8.56
%
—
—
86.94
%
Investment
Companies
............................................................................................
0.40
%
—
9.77
%
2.31
%
12.48
%
Other
Assets
(Liabilities)
........................................................................................
0.24
%
0.16
%
0.18
%
—
0.58
%
Total
Net
Assets
.................................................................................................
79.02
%
8.72
%
9.95
%
2.31
%
100.00
%