HC
CAPITAL
TRUST
The
U.S.
Equity
Portfolio
Portfolio
of
Investments
—
March
31,
2026
(Unaudited)
1
Shares
Security
Description
Value
(000)
Common
Stocks
—
99.67%
Aerospace
&
Defense
—
2.14%
327
AeroVironment,
Inc.(a)
..............
$
60
6,655
ATI,
Inc.(a)
......................
968
5,461
General
Dynamics
Corp.
.............
1,874
24,885
General
Electric
Co.
................
7,062
3,456
HEICO
Corp.
.....................
948
728
HEICO
Corp.,
Class
A
..............
154
9,052
Kratos
Defense
&
Security
Solutions,
Inc.(a)
638
5,883
L3Harris
Technologies,
Inc.
..........
2,031
5,411
Lockheed
Martin
Corp.
..............
3,270
2,258
Northrop
Grumman
Corp.
............
1,540
17,514
Rocket
Lab
Corp.(a)
................
1,125
67,703
RTX
Corp.
.......................
13,060
5,554
The
Boeing
Co.(a)
.................
1,105
4,895
TransDigm
Group,
Inc.
..............
5,673
39,508
Air
Freight
&
Logistics
—
0.23%
5,251
Expeditors
International
of
Washington,
Inc.
752
4,786
FedEx
Corp.
.....................
1,705
3,544
GXO
Logistics,
Inc.(a)
..............
184
1,172
Hub
Group,
Inc.,
Class
A
............
42
16,845
United
Parcel
Service,
Inc.,
Class
B
.....
1,657
4,340
Automobile
Components
—
0.07%
554
Dorman
Products,
Inc.(a)
............
58
8,707
Lear
Corp.
.......................
1,054
1,395
Patrick
Industries,
Inc.
..............
155
872
Visteon
Corp.
.....................
79
1,346
Automobiles
—
1.77%
71,725
Ford
Motor
Co.
...................
828
85,806
Tesla,
Inc.(a)
.....................
31,898
32,726
Banks
—
3.52%
1,715
Ameris
Bancorp
...................
134
3,234
Banc
of
California,
Inc.
.............
57
236,440
Bank
of
America
Corp.
..............
11,526
29,893
Bank
OZK
.......................
1,372
6,251
BankUnited,
Inc.
..................
282
2,951
Cathay
General
Bancorp
.............
147
7,844
Citigroup,
Inc.
....................
890
22,580
Citizens
Financial
Group,
Inc.
.........
1,354
9,351
Columbia
Banking
System,
Inc.
.......
256
758
Commerce
Bancshares,
Inc.
..........
37
3,479
Cullen/Frost
Bankers,
Inc.
............
477
32,941
East
West
Bancorp,
Inc.
.............
3,517
688
Enterprise
Financial
Services
Corp.
.....
37
6,060
FB
Financial
Corp.
.................
315
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Banks
(continued)
118,611
Fifth
Third
Bancorp
................
$
5,511
2,460
First
Bancorp
.....................
139
591
First
Citizens
BancShares
,
Inc.,
Class
A
..
1,114
3,478
First
Financial
Bancorp
..............
97
91,124
First
Horizon
Corp.
................
2,074
6,458
Fulton
Financial
Corp.
..............
131
561
Glacier
Bancorp,
Inc.
...............
25
3,205
Hancock
Whitney
Corp.
.............
204
868
Hilltop
Holdings,
Inc.
...............
31
83,727
Huntington
Bancshares,
Inc.
..........
1,310
3,570
Independent
Bank
Corp.
.............
268
129
International
Bancshares
Corp.
........
9
75,758
JPMorgan
Chase
&
Co.
.............
22,286
3,497
M&T
Bank
Corp.
..................
723
18,862
Mechanics
Bancorp
................
278
663
Nicolet
Bankshares
,
Inc.
.............
99
19,854
Pinnacle
Financial
Partners,
Inc.
.......
1,710
106,556
Regions
Financial
Corp.
.............
2,783
990
ServisFirst
Bancshares,
Inc.
..........
72
997
SouthState
Bank
Corp.
..............
92
3,405
Sterling
Bancorp,
Inc.(a)(b)
...........
—
1,311
Stock
Yards
Bancorp,
Inc.
............
87
510
Texas
Capital
Bancshares,
Inc.(a)
......
48
8,270
The
PNC
Financial
Services
Group,
Inc.
.
1,721
3,235
Towne
Bank
.....................
109
2,275
United
Bankshares
,
Inc.
.............
94
3,391
United
Community
Banks,
Inc.
........
107
18,695
Wells
Fargo
&
Co.
.................
1,488
16,779
Western
Alliance
Bancorp
............
1,189
963
Wintrust
Financial
Corp.
.............
134
1,135
WSFS
Financial
Corp.
..............
74
10,848
Zions
Bancorp
NA
.................
625
65,033
Beverages
—
1.27%
9,103
Brown-Forman
Corp.,
Class
B
........
241
1,320
Celsius
Holdings,
Inc.(a)
.............
47
26,922
Monster
Beverage
Corp.(a)
...........
1,951
57,885
PepsiCo,
Inc.
.....................
8,989
6,267
Primo
Brands
Corp.
................
118
160,904
The
Coca-Cola
Co.
.................
12,236
23,582
Biotechnology
—
1.98%
44,744
AbbVie,
Inc.
.....................
9,732
11,330
Alnylam
Pharmaceuticals,
Inc.(a)
......
3,749
25,106
Amgen,
Inc.
......................
8,834
1,190
Catalyst
Pharmaceuticals,
Inc.(a)
.......
29
1,049
Cytokinetics,
Inc.(a)
................
69
4,978
Halozyme
Therapeutics,
Inc.(a)
........
322
1,019
Insmed
,
Inc.(a)
....................
167
2
HC
CAPITAL
TRUST
The
U.S.
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Biotechnology
(continued)
3,976
MannKind
Corp.(a)
................
$
10
14,064
Natera
,
Inc.(a)
....................
2,813
800
Neurocrine
Biosciences,
Inc.(a)
........
105
2,087
PDL
BioPharma,
Inc.(a)
.............
3
1,755
PTC
Therapeutics,
Inc.(a)
............
120
2,019
Regeneron
Pharmaceuticals,
Inc.
.......
1,560
3,305
Revolution
Medicines,
Inc.(a)
.........
321
745
Rhythm
Pharmaceuticals,
Inc.(a)
.......
65
5,355
United
Therapeutics
Corp.(a)
.........
3,175
1,163
Veracyte
,
Inc.(a)
...................
37
12,418
Vertex
Pharmaceuticals,
Inc.(a)
........
5,545
36,656
Broadline
Retail
—
3.84%
323,296
Amazon.com,
Inc.(a)
...............
67,332
15,760
eBay,
Inc.
.......................
1,434
331
Etsy,
Inc.(a)
......................
17
8,527
Macy's,
Inc.
......................
154
928
MercadoLibre
,
Inc.(a)
...............
1,605
5,126
Ollie's
Bargain
Outlet
Holdings,
Inc.(a)
..
472
71,014
Building
Products
—
0.50%
10,045
A.O.
Smith
Corp.
..................
662
404
Armstrong
World
Industries,
Inc.
.......
67
2,770
AZZ,
Inc.
.......................
347
38,763
Carrier
Global
Corp.
................
2,183
13,273
Johnson
Controls
International
PLC
.....
1,738
6,549
Masco
Corp.
.....................
395
9,049
Trane
Technologies
PLC
.............
3,771
9,163
Capital
Markets
—
2.87%
3,210
Affiliated
Managers
Group,
Inc.
.......
888
2,506
Ameriprise
Financial,
Inc.
............
1,114
2,656
Ares
Management
Corp.,
Class
A
......
290
4,582
Blackrock,
Inc.
...................
4,407
2,335
Cboe
Global
Markets,
Inc.
...........
656
7,911
CME
Group,
Inc.,
Class
A
............
2,337
4,421
Coinbase
Global,
Inc.,
Class
A(a)
......
772
1,203
FactSet
Research
Systems,
Inc.
........
261
3,056
Federated
Hermes,
Inc.,
Class
B
.......
173
184
Hamilton
Lane,
Inc.,
Class
A
..........
18
9,172
Interactive
Brokers
Group,
Inc.,
Class
A
..
615
5,643
Intercontinental
Exchange,
Inc.
........
888
140,122
Invesco
Ltd.
......................
3,404
18,395
Janus
Henderson
Group
PLC
.........
945
17,093
Jefferies
Financial
Group,
Inc.
.........
705
9,493
KKR
&
Co.,
Inc.
..................
878
1,384
LPL
Financial
Holdings,
Inc.
..........
416
3,981
Moody's
Corp.
....................
1,737
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Capital
Markets
(continued)
51,857
Morgan
Stanley
...................
$
8,534
838
MSCI,
Inc.,
Class
A
................
452
1,887
Nasdaq,
Inc.
.....................
160
437
PJT
Partners,
Inc.,
Class
A
...........
61
39,528
Robinhood
Markets,
Inc.,
Class
A(a)
....
2,739
9,447
S&P
Global,
Inc.
..................
4,018
7,695
State
Street
Corp.
..................
974
2,268
Stifel
Financial
Corp.
...............
168
1,386
StoneX
Group,
Inc.(a)
..............
112
9,812
T.
Rowe
Price
Group,
Inc.
............
884
41,953
The
Charles
Schwab
Corp.
...........
3,943
12,460
The
Goldman
Sachs
Group,
Inc.
.......
10,540
53,089
Chemicals
—
1.19%
10,894
Air
Products
and
Chemicals,
Inc.
.......
3,165
828
Avient
Corp.
.....................
30
4,923
Axalta
Coating
Systems
Ltd.(a)
........
136
695
Balchem
Corp.
....................
118
48
Cabot
Corp.
......................
4
43,514
CF
Industries
Holdings,
Inc.
..........
5,650
9,311
Corteva,
Inc.
.....................
779
9,217
Dow,
Inc.
.......................
384
13,063
DuPont
de
Nemours,
Inc.
............
598
25,632
Ecolab,
Inc.
......................
6,819
497
Hawkins,
Inc.
....................
76
2,671
Linde
PLC
.......................
1,324
24,876
Olin
Corp.
.......................
740
898
Sensient
Technologies
Corp.
..........
78
7,082
Solstice
Advanced
Materials,
Inc.
......
539
4,752
The
Sherwin-Williams
Co.
...........
1,523
21,963
Commercial
Services
&
Supplies
—
0.36%
2,183
Brady
Corp.,
Class
A
...............
177
1,307
Casella
Waste
Systems,
Inc.,
Class
A(a)
..
104
105,381
Copart,
Inc.(a)
....................
3,498
5,910
CoreCivic
,
Inc.(a)
.................
112
3,253
HNI
Corp.
.......................
109
1,577
RB
Global,
Inc.
...................
151
1,270
Republic
Services,
Inc.,
Class
A
.......
278
741
The
Brink's
Co.
...................
77
9,682
Waste
Management,
Inc.
.............
2,225
6,731
Communications
Equipment
—
1.10%
19,104
Arista
Networks,
Inc.(a)
.............
2,346
216,571
Cisco
Systems,
Inc.
................
16,804
825
F5,
Inc.(a)
.......................
239
3
HC
CAPITAL
TRUST
The
U.S.
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Communications
Equipment
(continued)
2,128
Motorola
Solutions,
Inc.
.............
$
923
20,312
Construction
&
Engineering
—
0.06%
5,983
AECOM
........................
508
291
Comfort
Systems
USA,
Inc.
..........
401
2,153
Fluor
Corp.(a)
....................
100
218
MYR
Group,
Inc.(a)
................
62
2,938
WillScot
Holdings
Corp.
.............
51
1,122
Construction
Materials
—
0.08%
1,351
Martin
Marietta
Materials,
Inc.
........
795
2,578
Vulcan
Materials
Co.
...............
702
1,497
Consumer
Finance
—
0.70%
20,855
American
Express
Co.
..............
6,308
26,557
Capital
One
Financial
Corp.
..........
4,845
95
Credit
Acceptance
Corp.(a)
...........
40
351
Nelnet,
Inc.,
Class
A
................
45
14,450
OneMain
Holdings,
Inc.,
Class
A
.......
773
39,638
SLM
Corp.
......................
849
12,860
Consumer
Staples
Distribution
&
Retail
—
2.34%
14,776
Costco
Wholesale
Corp.
.............
14,723
5,123
Dollar
Tree,
Inc.(a)
.................
561
828
Performance
Food
Group
Co.(a)
.......
71
202
PriceSmart
,
Inc.
...................
30
18,118
Sysco
Corp.
......................
1,292
17,745
Target
Corp.
.....................
2,151
9,040
The
Kroger
Co.
...................
654
191,321
Walmart,
Inc.
.....................
23,778
43,260
Containers
&
Packaging
—
0.16%
2,235
AptarGroup,
Inc.
..................
282
774
Avery
Dennison
Corp.
..............
134
22,939
Ball
Corp.
.......................
1,355
10,608
International
Paper
Co.
..............
379
2,891
Packaging
Corp.
of
America
..........
613
2,452
Sonoco
Products
Co.
...............
133
2,896
Distributors
—
0.04%
6,793
Genuine
Parts
Co.
.................
718
381
Pool
Corp.
.......................
77
795
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Diversified
Consumer
Services
—
0.02%
4,824
Service
Corp.
International
...........
$
398
Diversified
REITs
—
0.00%
1,323
Essential
Properties
Realty
Trust,
Inc.
...
40
Diversified
Telecommunication
Services
—
0.73%
383,861
AT&T,
Inc.
......................
11,128
48,780
Verizon
Communications,
Inc.
.........
2,449
13,577
Electric
Utilities
—
1.51%
1,604
Alliant
Energy
Corp.
...............
115
30,034
American
Electric
Power
Co.,
Inc.
......
3,937
3,035
Constellation
Energy
Corp.
...........
848
7,685
Duke
Energy
Corp.
.................
1,006
16,301
Edison
International
................
1,193
47,734
Evergy
,
Inc.
......................
3,910
9,106
Exelon
Corp.
.....................
446
60,365
FirstEnergy
Corp.
..................
3,058
39,736
NextEra
Energy,
Inc.
...............
3,691
36,550
NRG
Energy,
Inc.
..................
5,342
12,422
OGE
Energy
Corp.
.................
596
32,159
The
Southern
Co.
..................
3,104
9,169
Xcel
Energy,
Inc.
..................
728
27,974
Electrical
Equipment
—
1.03%
8,507
AMETEK,
Inc.
...................
1,824
17,040
Bloom
Energy
Corp.,
Class
A(a)
.......
2,309
12,355
Eaton
Corp.
PLC
..................
4,418
29,952
Emerson
Electric
Co.
...............
3,924
2,360
EnerSys
.........................
410
4,968
GE
Vernova
,
Inc.
..................
4,337
1,210
Hubbell,
Inc.
.....................
594
4,506
Regal
Rexnord
Corp.
...............
844
931
Rockwell
Automation,
Inc.
...........
334
18,994
Electronic
Equipment,
Instruments
&
Components
—
0.52%
809
Advanced
Energy
Industries,
Inc.
......
261
47,280
Amphenol
Corp.,
Class
A
............
5,974
521
Badger
Meter,
Inc.
.................
79
544
Belden,
Inc.
......................
62
103
Flex
Ltd.(a)
......................
7
548
IPG
Photonics
Corp.(a)
..............
63
1,575
Jabil,
Inc.
.......................
418
8,929
Keysight
Technologies,
Inc.(a)
........
2,521
51
Plexus
Corp.(a)
...................
10
86
Sanmina
Corp.(a)
..................
11
34
TD
SYNNEX
Corp.
................
6
4
HC
CAPITAL
TRUST
The
U.S.
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Electronic
Equipment,
Instruments
&
Components
(continued)
1,116
TTM
Technologies,
Inc.(a)
...........
$
109
376
Zebra
Technologies
Corp.(a)
..........
79
9,600
Energy
Equipment
&
Services
—
0.27%
7,609
Archrock
,
Inc.
....................
265
460
Cactus,
Inc.,
Class
A
................
22
26,930
Halliburton
Co.
...................
1,050
747
Kodiak
Gas
Services,
Inc.
............
44
747
Liberty
Energy,
Inc.,
Class
A
..........
22
42,009
SLB
Ltd.
........................
2,158
21,429
TechnipFMC
PLC
.................
1,481
5,042
Entertainment
—
0.96%
2,997
Atlanta
Braves
Holdings,
Inc.(a)
.......
128
1,640
Atlanta
Braves
Holdings,
Inc.(a)
.......
77
682
Cinemark
Holdings,
Inc.
.............
19
14,871
Liberty
Media
Corp.-Liberty
Formula
One(a)
.....................
1,264
128,890
Netflix,
Inc.(a)
....................
12,393
18,260
ROBLOX
Corp.,
Class
A(a)
..........
1,033
30,335
The
Walt
Disney
Co.
...............
2,924
17,838
Financial
Services
—
3.32%
8,213
Apollo
Global
Management,
Inc.
.......
915
861
Banco
Latinoamericano
de
Comercio
Exterior
SA,
Class
E
...........
44
42,603
Berkshire
Hathaway,
Inc.,
Class
B(a)
....
20,414
1,270
Corpay
,
Inc.(a)
....................
370
49,585
Equitable
Holdings,
Inc.
.............
1,840
9,518
Global
Payments,
Inc.
...............
641
1,852
Jack
Henry
&
Associates,
Inc.
.........
293
31,792
Mastercard,
Inc.,
Class
A
............
15,885
228
MGIC
Investment
Corp.
.............
6
25,934
PayPal
Holdings,
Inc.
...............
1,173
59,425
Visa,
Inc.,
Class
A
.................
17,961
26,487
Voya
Financial,
Inc.
................
1,810
198
WEX,
Inc.(a)
.....................
30
61,382
Food
Products
—
0.35%
13,782
Archer-Daniels-Midland
Co.
..........
1,002
283
Cal-Maine
Foods,
Inc.
..............
22
1,587
Darling
Ingredients,
Inc.(a)
...........
98
365
Freshpet
,
Inc.(a)
...................
22
12,760
General
Mills,
Inc.
.................
475
413
Lamb
Weston
Holdings,
Inc.
..........
17
5,092
McCormick
&
Co.,
Inc.
.............
257
62,480
Mondelez
International,
Inc.,
Class
A
....
3,601
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Food
Products
(continued)
1,277
Post
Holdings,
Inc.(a)
...............
$
126
3,009
The
Hershey
Co.
..................
626
2,332
The
J.M.
Smucker
Co.
..............
225
6,471
Gas
Utilities
—
0.18%
808
Atmos
Energy
Corp.
................
149
33,223
National
Fuel
Gas
Co.
..............
3,122
2,134
UGI
Corp.
.......................
78
3,349
Ground
Transportation
—
1.21%
128,274
CSX
Corp.
.......................
5,266
5,345
Norfolk
Southern
Corp.
.............
1,534
3,682
Old
Dominion
Freight
Line,
Inc.
.......
719
62,802
Uber
Technologies,
Inc.(a)
...........
4,517
42,704
Union
Pacific
Corp.
................
10,361
22,397
Health
Care
Equipment
&
Supplies
—
1.62%
82,859
Abbott
Laboratories
................
8,507
4,799
Becton
Dickinson
&
Co.
.............
755
10,892
Boston
Scientific
Corp.(a)
............
683
4,886
Dexcom,
Inc.(a)
...................
307
15,552
Edwards
Lifesciences
Corp.(a)
........
1,245
6,535
GE
HealthCare
Technologies,
Inc.
......
465
698
Glaukos
Corp.(a)
..................
75
6,568
ICU
Medical,
Inc.(a)
...............
848
3,889
IDEXX
Laboratories,
Inc.(a)
..........
2,185
19,494
Intuitive
Surgical,
Inc.(a)
............
8,987
271
LeMaitre
Vascular,
Inc.
..............
30
74
Medtronic
PLC
...................
6
4,151
Merit
Medical
Systems,
Inc.(a)
........
286
1,434
Penumbra,
Inc.(a)
..................
471
4,072
ResMed,
Inc.
.....................
914
3,135
Solventum
Corp.(a)
................
205
1,498
STERIS
PLC
.....................
331
9,642
Stryker
Corp.
.....................
3,168
2,516
The
Cooper
Cos.,
Inc.(a)
.............
180
3,346
Zimmer
Biomet
Holdings,
Inc.
........
303
29,951
Health
Care
Providers
&
Services
—
1.73%
3,127
Cencora
,
Inc.
.....................
982
13
Chemed
Corp.
....................
5
1,113
Concentra
Group
Holdings
Parent,
Inc.
..
24
459
CorVel
Corp.(a)
...................
25
22,394
CVS
Health
Corp.
.................
1,608
9,467
Elevance
Health,
Inc.
...............
2,771
47
Encompass
Health
Corp.
.............
5
4,756
HCA
Healthcare,
Inc.
...............
2,251
5
HC
CAPITAL
TRUST
The
U.S.
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Health
Care
Providers
&
Services
(continued)
3,283
Henry
Schein,
Inc.(a)
...............
$
242
4,083
Labcorp
Holdings,
Inc.
..............
1,089
8,667
McKesson
Corp.
..................
7,500
717
National
HealthCare
Corp.
...........
115
10,773
Quest
Diagnostics,
Inc.
..............
2,111
1,380
Select
Medical
Holdings
Corp.
........
22
8,991
Strata
Critical
Medical,
Inc.(a)
........
38
11,241
The
Cigna
Group
..................
2,999
195
The
Ensign
Group,
Inc.
..............
39
37,638
UnitedHealth
Group,
Inc.
............
10,185
32,011
Health
Care
REITs
—
0.52%
8,558
CareTrust
REIT,
Inc.
...............
314
686
National
Health
Investors,
Inc.
........
55
36,358
Omega
Healthcare
Investors,
Inc.
......
1,593
6,550
Sabra
Health
Care
REIT,
Inc.
.........
126
40,605
Ventas,
Inc.
......................
3,321
21,088
Welltower,
Inc.
....................
4,169
9,578
Health
Care
Technology
—
0.14%
14,457
Veeva
Systems,
Inc.,
Class
A(a)
........
2,540
Hotel
&
Resort
REITs
—
0.01%
9,262
DiamondRock
Hospitality
Co.
.........
87
1,766
Ryman
Hospitality
Properties,
Inc.
......
163
250
Hotels,
Restaurants
&
Leisure
—
1.63%
5,277
Airbnb,
Inc.,
Class
A(a)
.............
666
162
BJ's
Restaurants,
Inc.(a)
.............
6
1,179
Booking
Holdings,
Inc.
..............
4,964
3,538
Boyd
Gaming
Corp.
................
291
31,802
Carnival
Corp.
....................
823
28,400
Chipotle
Mexican
Grill,
Inc.,
Class
A(a)
..
909
1,046
Choice
Hotels
International,
Inc.^
......
108
2,249
Darden
Restaurants,
Inc.
.............
441
1,221
Dave
&
Buster's
Entertainment,
Inc.(a)
..
13
23,594
DraftKings,
Inc.(a)
.................
510
1,218
Hilton
Grand
Vacations,
Inc.(a)
........
48
148
Hilton
Worldwide
Holdings,
Inc.
.......
45
3,826
Hyatt
Hotels
Corp.,
Class
A
...........
550
13,101
Marriott
International,
Inc.,
Class
A
.....
4,285
20,983
McDonald's
Corp.
.................
6,522
50,929
Norwegian
Cruise
Line
Holdings
Ltd.(a)
.
952
3,005
Planet
Fitness,
Inc.,
Class
A(a)
........
224
16,947
Royal
Caribbean
Cruises
Ltd.
.........
4,663
43,742
Starbucks
Corp.
...................
3,919
5,395
Super
Group
SGHC
Ltd.
.............
58
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Hotels,
Restaurants
&
Leisure
(continued)
581
Texas
Roadhouse,
Inc.,
Class
A
........
$
96
30,093
Household
Durables
—
0.23%
201
Cavco
Industries,
Inc.(a)
.............
97
1,030
Champion
Homes,
Inc.(a)
............
77
3,443
D.R.
Horton,
Inc.
..................
472
5,591
Garmin
Ltd.
......................
1,297
6,964
Lennar
Corp.,
Class
A
...............
605
83
Lennar
Corp.,
Class
B
..............
7
4,132
PulteGroup,
Inc.
...................
486
7,991
Toll
Brothers,
Inc.
.................
1,091
2,166
Tri
Pointe
Homes,
Inc.(a)
............
101
4,233
Household
Products
—
0.89%
6,339
Church
&
Dwight
Co.,
Inc.
...........
592
9,514
Colgate-Palmolive
Co.
..............
811
16,281
Kimberly-Clark
Corp.
...............
1,571
92,793
The
Procter
&
Gamble
Co.
...........
13,402
16,376
Independent
Power
and
Renewable
Electricity
Producers
—
0.29%
1,536
Clearway
Energy,
Inc.,
Class
C
........
60
35,390
Vistra
Corp.
......................
5,321
5,381
Industrial
Conglomerates
—
0.45%
12,543
3M
Co.
.........................
1,822
1,120
Brookfield
Business
Corp.
...........
35
28,328
Honeywell
International,
Inc.
.........
6,403
8,260
Industrial
REITs
—
0.17%
1,133
EastGroup
Properties,
Inc.
...........
210
20,968
Prologis,
Inc.
.....................
2,771
2,707
STAG
Industrial,
Inc.
...............
98
3,079
Insurance
—
2.04%
33,180
Aflac,
Inc.
.......................
3,640
8,552
Aon
PLC,
Class
A
.................
2,760
1,831
Arthur
J.
Gallagher
&
Co.
............
397
1,195
Assurant,
Inc.
....................
260
29,344
Axis
Capital
Holdings
Ltd.
...........
2,976
1,709
Brown
&
Brown,
Inc.
...............
111
11,297
Chubb
Ltd.
......................
3,682
3,252
Cincinnati
Financial
Corp.
...........
512
35
Everest
Group
Ltd.
.................
11
52,976
Fidelity
National
Financial,
Inc.
.......
2,457
6
HC
CAPITAL
TRUST
The
U.S.
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Insurance
(continued)
23,943
Lincoln
National
Corp.
..............
$
850
14,422
Marsh
&
McLennan
Cos.,
Inc.
........
2,501
26,353
MetLife,
Inc.
.....................
1,864
7,077
Old
Republic
International
Corp.
.......
282
22,534
Principal
Financial
Group,
Inc.
........
2,031
11,007
Prudential
Financial,
Inc.
............
1,075
7,591
Reinsurance
Group
of
America,
Inc.
....
1,550
3,014
RenaissanceRe
Holdings
Ltd.
.........
896
26,534
The
Allstate
Corp.
.................
5,503
8,510
The
Progressive
Corp.
..............
1,687
6,974
The
Travelers
Cos.,
Inc.
.............
2,034
9,301
W.R.
Berkley
Corp.
................
616
37,695
Interactive
Media
&
Services
—
7.99%
182,337
Alphabet,
Inc.,
Class
A
..............
52,433
190,025
Alphabet,
Inc.,
Class
C
..............
54,510
1,412
Match
Group,
Inc.
.................
43
71,284
Meta
Platforms,
Inc.,
Class
A
.........
40,784
147,770
IT
Services
—
0.72%
15,185
Accenture
PLC,
Class
A
.............
3,011
3,168
Akamai
Technologies,
Inc.(a)
.........
364
4,094
Cognizant
Technology
Solutions
Corp.,
Class
A
.....................
251
14,421
CoreWeave
,
Inc.,
Class
A(a)
..........
1,117
1,369
DigitalOcean
Holdings,
Inc.(a)
........
117
13,957
GoDaddy,
Inc.,
Class
A(a)
............
1,154
15,429
International
Business
Machines
Corp.
...
3,740
32,062
Okta,
Inc.,
Class
A(a)
...............
2,524
4,247
VeriSign,
Inc.
.....................
1,055
13,333
Leisure
Products
—
0.01%
14,953
Mattel,
Inc.(a)
....................
218
1,461
YETI
Holdings,
Inc.(a)
..............
53
271
Life
Sciences
Tools
&
Services
—
0.88%
4,371
Agilent
Technologies,
Inc.
............
498
4,564
Bio-Techne
Corp.
..................
239
1,836
Bruker
Corp.
.....................
66
15,219
Danaher
Corp.
....................
2,886
710
IQVIA
Holdings,
Inc.(a)
.............
121
599
Medpace
Holdings,
Inc.(a)
...........
288
3,554
Mettler-Toledo
International,
Inc.(a)
....
4,482
493
Repligen
Corp.(a)
..................
58
724
Revvity
,
Inc.
.....................
63
13,024
Thermo
Fisher
Scientific,
Inc.
.........
6,402
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Life
Sciences
Tools
&
Services
(continued)
3,666
Waters
Corp.(a)
...................
$
1,092
16,195
Machinery
—
2.30%
11,054
AGCO
Corp.
.....................
1,281
21,751
Caterpillar,
Inc.
...................
15,409
5,428
Cummins,
Inc.
....................
2,920
4,840
Deere
&
Co.
.....................
2,726
53
Donaldson
Co.,
Inc.
................
4
8,121
Dover
Corp.
......................
1,693
220
Enpro
,
Inc.
......................
55
1,648
Esab
Corp.
.......................
159
1,328
ESCO
Technologies,
Inc.
............
374
1,773
Federal
Signal
Corp.
................
192
5,857
Fortive
Corp.
.....................
324
141
Franklin
Electric
Co.,
Inc.
............
13
1,569
Graco,
Inc.
......................
133
2,539
IDEX
Corp.
......................
481
8,257
Illinois
Tool
Works,
Inc.
.............
2,149
13,883
Ingersoll
Rand,
Inc.
................
1,112
2,518
ITT,
Inc.
........................
480
819
JBT
Marel
Corp.
..................
105
16,478
Mueller
Water
Products,
Inc.,
Class
A
...
453
1,750
Nordson
Corp.
....................
466
17,109
Oshkosh
Corp.
....................
2,519
16,233
Otis
Worldwide
Corp.
...............
1,251
1,693
Parker-Hannifin
Corp.
..............
1,516
21
RBC
Bearings,
Inc.(a)
..............
11
2,067
Terex
Corp.
......................
122
11,372
The
Middleby
Corp.(a)
..............
1,508
2,490
The
Timken
Co.
...................
250
927
The
Toro
Co.
.....................
87
16,476
Westinghouse
Air
Brake
Technologies
Corp.
4,118
4,923
Xylem,
Inc.
......................
588
42,499
Marine
Transportation
—
0.00%
152
Kirby
Corp.(a)
....................
20
Media
—
0.13%
8,684
EchoStar
Corp.,
Class
A(a)
...........
1,017
4,889
Fox
Corp.,
Class
A
.................
286
14,655
Omnicom
Group,
Inc.
...............
1,103
2,406
Metals
&
Mining
—
0.51%
5,219
Coeur
Mining,
Inc.(a)
...............
98
9,750
Hecla
Mining
Co.
..................
182
67,652
Newmont
Corp.
...................
7,323
8,225
Nucor
Corp.
......................
1,391
108,208
Pan
American
Silver
Corp.
CVR(a)
.....
65
7
HC
CAPITAL
TRUST
The
U.S.
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Metals
&
Mining
(continued)
1,912
Steel
Dynamics,
Inc.
................
$
344
137
Warrior
Met
Coal,
Inc.
..............
13
9,416
Multi-Utilities
—
0.70%
2,674
Ameren
Corp.
....................
294
84,210
CenterPoint
Energy,
Inc.
.............
3,635
1,937
CMS
Energy
Corp.
.................
150
1,642
Consolidated
Edison,
Inc.
............
186
1,144
Dominion
Energy,
Inc.
..............
71
16,840
DTE
Energy
Co.
..................
2,462
72,854
NiSource,
Inc.
....................
3,399
5,865
Public
Service
Enterprise
Group,
Inc.
....
475
1,902
Sempra
.........................
185
17,371
WEC
Energy
Group,
Inc.
............
2,011
12,868
Office
REITs
—
0.00%
2,446
COPT
Defense
Properties
............
75
Oil,
Gas
&
Consumable
Fuels
—
3.81%
74,539
Antero
Midstream
Corp.
.............
1,699
3,497
Antero
Resources
Corp.(a)
...........
148
7,263
Cheniere
Energy,
Inc.
...............
2,061
37,268
Chevron
Corp.
....................
7,712
23,646
Comstock
Resources,
Inc.(a)
..........
498
58,661
ConocoPhillips
...................
7,744
1,055
Core
Natural
Resources,
Inc.
..........
110
63,641
Coterra
Energy,
Inc.
................
2,236
110,190
Devon
Energy
Corp.
................
5,545
8,363
DT
Midstream,
Inc.
................
1,126
3,995
EOG
Resources,
Inc.
...............
578
30,723
EQT
Corp.
.......................
1,955
2,366
Expand
Energy
Corp.
...............
260
112,710
Exxon
Mobil
Corp.
................
19,123
161,493
Kinder
Morgan,
Inc.
................
5,415
4,980
Kinetik
Holdings,
Inc.^
..............
241
11,538
Marathon
Petroleum
Corp.
...........
2,817
268
Matador
Resources
Co.
..............
17
26,124
Occidental
Petroleum
Corp.
..........
1,698
20,345
ONEOK,
Inc.
.....................
1,839
3,747
Ovintiv
,
Inc.
.....................
222
12,672
Permian
Resources
Corp.
............
270
90,324
The
Williams
Cos.,
Inc.
.............
6,574
2,242
Valero
Energy
Corp.
................
554
70,442
Paper
&
Forest
Products
—
0.00%
1,680
Sylvamo
Corp.
....................
71
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Passenger
Airlines
—
0.10%
10,129
Alaska
Air
Group,
Inc.(a)
............
$
373
2,097
Copa
Holdings
SA,
Class
A
...........
238
18,665
Delta
Air
Lines,
Inc.
................
1,241
1,852
Personal
Care
Products
—
0.02%
853
Interparfums
,
Inc.
..................
77
4,797
The
Estee
Lauder
Cos.,
Inc.,
Class
A
....
345
422
Pharmaceuticals
—
3.52%
286
ANI
Pharmaceuticals,
Inc.(a)
.........
22
876
Axsome
Therapeutics,
Inc.(a)
.........
148
1,709
Collegium
Pharmaceutical,
Inc.(a)
......
57
551
Corcept
Therapeutics,
Inc.(a)
.........
22
23,678
Eli
Lilly
&
Co.
....................
21,778
109,630
Johnson
&
Johnson
................
26,797
114,005
Merck
&
Co.,
Inc.
.................
13,714
64,849
Pfizer,
Inc.
.......................
1,821
1,583
Prestige
Consumer
Healthcare,
Inc.(a)
...
94
803
Supernus
Pharmaceuticals,
Inc.(a)
......
42
4,740
Zoetis,
Inc.,
Class
A
................
560
65,055
Professional
Services
—
0.54%
760
Amentum
Holdings,
Inc.(a)
...........
20
28,761
Automatic
Data
Processing,
Inc.
.......
5,844
62
Booz
Allen
Hamilton
Holding
Corp.,
Class
A
.........................
5
3,434
Equifax,
Inc.
.....................
618
2,570
ExlService
Holdings,
Inc.(a)
..........
78
717
Jacobs
Solutions,
Inc.
...............
91
3,378
KBR,
Inc.
.......................
125
1,998
Korn
Ferry
......................
126
1,829
Leidos
Holdings,
Inc.
...............
284
6,910
Paychex,
Inc.
.....................
637
1,391
SS&C
Technologies
Holdings,
Inc.
.....
94
10,910
Verisk
Analytics,
Inc.,
Class
A
.........
2,070
9,992
Real
Estate
Management
&
Development
—
0.14%
2,963
CBRE
Group,
Inc.,
Class
A(a)
.........
401
29,830
CoStar
Group,
Inc.(a)
...............
1,204
4,563
Howard
Hughes
Holdings,
Inc.(a)
......
289
2,009
Jones
Lang
LaSalle,
Inc.(a)
...........
611
2,505
Residential
REITs
—
0.05%
3,688
American
Homes
4
Rent,
Class
A
......
103
3,730
Equity
LifeStyle
Properties,
Inc.
.......
233
507
Essex
Property
Trust,
Inc.
............
123
8
HC
CAPITAL
TRUST
The
U.S.
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Residential
REITs
(continued)
2,029
Mid-America
Apartment
Communities,
Inc.
$
247
1,913
Sun
Communities,
Inc.
..............
241
947
Retail
REITs
—
0.11%
27,975
Brixmor
Property
Group,
Inc.
.........
806
3,897
Kite
Realty
Group
Trust
.............
96
17,542
Realty
Income
Corp.
...............
1,073
3,762
Urban
Edge
Properties
..............
75
2,050
Semiconductors
&
Semiconductor
Equipment
—
14.87%
73,066
Advanced
Micro
Devices,
Inc.(a)
.......
14,864
3,622
Amkor
Technology,
Inc.
.............
163
15,994
Analog
Devices,
Inc.
...............
5,088
27,360
Applied
Materials,
Inc.
..............
9,351
148,439
Broadcom,
Inc.
...................
45,943
4,234
First
Solar,
Inc.(a)
.................
835
3,557
FormFactor
,
Inc.(a)
................
345
305,708
Intel
Corp.(a)
.....................
13,491
1,378
KLA
Corp.
......................
2,029
56,211
Lam
Research
Corp.
................
12,010
29,400
Marvell
Technology,
Inc.
............
2,912
3,708
Microchip
Technology,
Inc.
...........
240
35,796
Micron
Technology,
Inc.
.............
12,093
624
MKS,
Inc.
.......................
143
833,600
NVIDIA
Corp.
....................
145,381
631
Onto
Innovation,
Inc.(a)
.............
129
6,531
Qnity
Electronics,
Inc.
..............
754
37,361
QUALCOMM,
Inc.
................
4,811
23,905
Texas
Instruments,
Inc.
..............
4,641
661
Veeco
Instruments,
Inc.(a)
............
22
275,245
Software
—
8.01%
1,931
ACI
Worldwide,
Inc.(a)
.............
79
21,800
Adobe,
Inc.(a)
....................
5,299
289
Appfolio
,
Inc.,
Class
A(a)
............
46
908
Atlassian
Corp.,
Class
A(a)
...........
62
10,190
Autodesk,
Inc.(a)
..................
2,439
8,330
Cadence
Design
Systems,
Inc.(a)
.......
2,315
2,611
Clear
Secure,
Inc.,
Class
A
...........
126
574
Commvault
Systems,
Inc.(a)
..........
45
9,116
Crowdstrike
Holdings,
Inc.,
Class
A(a)
..
3,559
546
Dolby
Laboratories,
Inc.,
Class
A
......
33
6,515
Fortinet,
Inc.(a)
...................
532
846
Guidewire
Software,
Inc.(a)
..........
127
5,422
Intuit,
Inc.
.......................
2,344
14,613
Manhattan
Associates,
Inc.(a)
.........
1,945
247,147
Microsoft
Corp.
...................
91,486
81,302
Oracle
Corp.
.....................
11,960
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Software
(continued)
60,123
Palantir
Technologies,
Inc.,
Class
A(a)
...
$
8,795
5,299
Palo
Alto
Networks,
Inc.(a)
...........
850
868
PTC,
Inc.(a)
......................
124
11,757
Riot
Platforms,
Inc.(a)
..............
145
2,517
Roper
Technologies,
Inc.
.............
891
45,074
Salesforce,
Inc.
...................
8,414
55,650
ServiceNow,
Inc.(a)
................
5,818
1,489
Synopsys,
Inc.(a)
..................
590
566
Workday,
Inc.,
Class
A(a)
............
74
21,286
Zeta
Global
Holdings
Corp.,
Class
A(a)
..
339
148,437
Specialized
REITs
—
0.82%
8,531
American
Tower
Corp.
..............
1,472
5,913
CubeSmart
......................
217
9,861
Digital
Realty
Trust,
Inc.
.............
1,777
9,416
Equinix,
Inc.
.....................
9,231
5,142
Extra
Space
Storage,
Inc.
............
674
5,259
Iron
Mountain,
Inc.
................
537
846
Lamar
Advertising
Co.,
Class
A
........
107
3,523
Millrose
Properties,
Inc.
.............
99
6,868
Outfront
Media,
Inc.
................
182
2,688
Public
Storage
....................
728
8,362
VICI
Properties,
Inc.,
Class
A
.........
228
15,252
Specialty
Retail
—
2.02%
619
AutoZone,
Inc.(a)
..................
2,091
6,524
Bath
&
Body
Works,
Inc.
............
122
13,588
Best
Buy
Co.,
Inc.
.................
872
3,328
Boot
Barn
Holdings,
Inc.(a)
..........
487
376
Burlington
Stores,
Inc.(a)
............
122
9,726
Floor
&
Decor
Holdings,
Inc.,
Class
A(a)
.
494
35,806
Lowe's
Cos.,
Inc.
..................
8,460
31,050
O'Reilly
Automotive,
Inc.(a)
..........
2,866
3,973
Revolve
Group,
Inc.,
Class
A(a)
.......
90
9,045
Ross
Stores,
Inc.
..................
1,959
158
Signet
Jewelers
Ltd.
................
13
26,193
The
Home
Depot,
Inc.
..............
8,615
61,297
The
TJX
Cos.,
Inc.
.................
9,790
16,575
Tractor
Supply
Co.
.................
751
1,253
Ulta
Beauty,
Inc.(a)
................
655
37,387
Technology
Hardware,
Storage
&
Peripherals
—
7.22%
506,799
Apple,
Inc.
......................
128,620
83,952
HP,
Inc.
.........................
1,613
2,448
NetApp,
Inc.
.....................
251
11,569
Western
Digital
Corp.
...............
3,129
133,613
9
HC
CAPITAL
TRUST
The
U.S.
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Textiles,
Apparel
&
Luxury
Goods
—
0.28%
8,532
Lululemon
Athletica,
Inc.(a)
..........
$
1,306
12,105
LVMH
Moet
Hennessy
Louis
Vuitton
SE,
ADR
.......................
1,322
27,836
NIKE,
Inc.,
Class
B
................
1,471
7,801
Tapestry,
Inc.
.....................
1,101
5,200
Tobacco
—
0.34%
36,600
Altria
Group,
Inc.
..................
2,415
23,833
Philip
Morris
International,
Inc.
........
3,941
6,356
Trading
Companies
&
Distributors
—
0.33%
23,095
Air
Lease
Corp.,
Class
A
.............
1,500
157
Applied
Industrial
Technologies,
Inc.
....
42
3,285
DNOW,
Inc.(a)
...................
39
55,752
Fastenal
Co.
......................
2,586
749
McGrath
RentCorp
.................
83
548
SiteOne
Landscape
Supply,
Inc.(a)
......
73
1,221
W.W.
Grainger,
Inc.
................
1,332
1,130
Watsco
,
Inc.
......................
411
6,066
Water
Utilities
—
0.01%
1,178
American
Water
Works
Co.,
Inc.
.......
160
Wireless
Telecommunication
Services
—
0.20%
17,293
T-Mobile
US,
Inc.
.................
3,632
Total
Common
Stocks
(cost
$536,092)
..
1,843,939
Contingent
Rights
—
0.00%
Health
Care
Equipment
&
Supplies
—
0.00%
56
ABIOMED,
Inc.
CVR,
1/4/27(a)
.......
—
Health
Care
Providers
&
Services
—
0.00%
15,971
Paratek
Pharmaceuticals,
Inc.
CVR,
1/4/27(a)
....................
1
Total
Contingent
Rights
(cost
$–)
.....
1
Investment
Companies
—
0.28%
Money
Market
Funds
—
0.28%
352,390
Federated
Hermes
Treasury
Obligations
Fund,
Institutional
Shares,
3.53%^^(c)
352
Shares
Security
Description
Value
(000)
Investment
Companies
(continued)
Money
Market
Funds
(continued)
4,861,741
State
Street
Institutional
Treasury
Plus
Money
Market
Fund,
Trust
Class,
3.55%(c)
....................
$
4,862
Total
Investment
Companies
(cost
$5,214)
5,214
Total
Investments
(cost
$541,306)
—
99.95%
.....................
1,849,154
Other
assets
in
excess
of
liabilities
—
0.05%
......................
969
Net
Assets
-
100.00%
..............
$
1,850,123
Amounts
designated
as
"—"
are
$0
or
have
been
rounded
to
$0.
^
All
or
part
of
this
security
was
on
loan
as
of
March
31,
2026.
^^
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,
2026.
(a)
Represents
non-income
producing
security.
(b)
Security
was
valued
using
significant
unobservable
inputs
as
of
March
31,
2026.
(c)
Annualized
7-day
yield
as
of
period-end.
ADR—American
Depositary
Receipt
PLC
—
Public
Limited
Company
REIT—Real
Estate
Investment
Trust
10
HC
CAPITAL
TRUST
The
U.S.
Equity
Portfolio
Portfolio
of
Investments
(concluded)
—
March
31,
2026
(Unaudited)
The
following
table
reflects
the
percentage
of
total
net
assets
of
the
Portfolio
attributable
to
each
Specialist
Manager
as
of
March
31,
2026.
The
U.S.
Equity
Portfolio
HC
Capital
Solutions
Parametric
Portfolio
Associates,
LLC
Total
Common
Stocks
......................................................................................................................................................
—
99.67
%
99.67
%
Contingent
Rights
...................................................................................................................................................
—
—
—
%
Investment
Companies
.............................................................................................................................................
—
0.28
%
0.28
%
Other
Assets
(Liabilities)
.........................................................................................................................................
—
0.05
%
0.05
%
Total
Net
Assets
..................................................................................................................................................
—
%
100.00
%
100.00
%
HC
CAPITAL
TRUST
The
Institutional
U.S.
Equity
Portfolio
Portfolio
of
Investments
—
March
31,
2026
(Unaudited)
11
Shares
Security
Description
Value
(000)
Common
Stocks
—
67.28%
Aerospace
&
Defense
—
2.19%
1,049
ATI,
Inc.(a)
......................
$
153
1,348
Axon
Enterprise,
Inc.(a)
.............
573
716
BWX
Technologies,
Inc.
.............
146
20,219
Carpenter
Technology
Corp.
..........
7,969
668
Curtiss-Wright
Corp.
...............
455
1,828
FTAI
Aviation
Ltd.(b)
...............
447
8,294
General
Dynamics
Corp.
.............
2,846
41,366
General
Electric
Co.
................
11,739
1,786
HEICO
Corp.
.....................
491
2,604
HEICO
Corp.,
Class
A
..............
550
636
Hexcel
Corp.
.....................
51
6,918
Howmet
Aerospace,
Inc.
.............
1,594
315
Huntington
Ingalls
Industries,
Inc.
......
120
398
Karman
Holdings,
Inc.(a)
............
32
7,997
L3Harris
Technologies,
Inc.
..........
2,760
585
Leonardo
DRS,
Inc.
................
26
327
Loar
Holdings,
Inc.(a)
..............
19
7,376
Lockheed
Martin
Corp.
..............
4,458
6,048
Northrop
Grumman
Corp.
............
4,126
8,035
Rocket
Lab
Corp.(a)
................
516
31,123
RTX
Corp.
.......................
6,004
1,955
StandardAero,
Inc.(a)
...............
50
3,216
Textron,
Inc.
.....................
282
13,695
The
Boeing
Co.(a)
.................
2,726
6,705
TransDigm
Group,
Inc.
..............
7,771
19,678
Woodward,
Inc.
...................
7,042
62,946
Air
Freight
&
Logistics
—
0.18%
7,484
CH
Robinson
Worldwide,
Inc.
.........
1,243
6,066
Expeditors
International
of
Washington,
Inc.
869
3,909
FedEx
Corp.
.....................
1,392
884
GXO
Logistics,
Inc.(a)
..............
46
16,566
United
Parcel
Service,
Inc.,
Class
B
.....
1,630
5,180
Automobile
Components
—
0.02%
3,749
Aptiv
PLC(a)
.....................
261
1,662
BorgWarner,
Inc.
..................
90
1,573
Gentex
Corp.
.....................
34
405
Lear
Corp.
.......................
49
3,190
QuantumScape
Corp.(a)
.............
20
454
Automobiles
—
0.97%
69,843
Ford
Motor
Co.
...................
806
16,639
General
Motors
Co.
................
1,239
773
Harley-Davidson,
Inc.
..............
16
961
Lucid
Group,
Inc.^(a)
...............
9
14,175
Rivian
Automotive,
Inc.,
Class
A(a)
.....
213
68,322
Tesla,
Inc.(a)
.....................
25,400
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Automobiles
(continued)
392
Thor
Industries,
Inc.
................
$
31
27,714
Banks
—
1.77%
120,242
Bank
of
America
Corp.
..............
5,862
848
Bank
OZK
.......................
39
172
BOK
Financial
Corp.
...............
22
97,119
Citigroup,
Inc.
....................
11,013
7,734
Citizens
Financial
Group,
Inc.
.........
464
2,302
Columbia
Banking
System,
Inc.
.......
63
997
Commerce
Bancshares,
Inc.
..........
49
477
Cullen/Frost
Bankers,
Inc.
............
65
1,073
East
West
Bancorp,
Inc.
.............
115
15,944
Fifth
Third
Bancorp
................
741
159
First
Citizens
BancShares
,
Inc.,
Class
A
..
300
778
First
Hawaiian,
Inc.
................
19
3,891
First
Horizon
Corp.
................
89
2,714
FNB
Corp.
.......................
45
39,450
Huntington
Bancshares,
Inc.
..........
617
48,370
JPMorgan
Chase
&
Co.
.............
14,228
16,477
KeyCorp
........................
331
2,737
M&T
Bank
Corp.
..................
566
468,035
NU
Holdings
Ltd.,
Class
A(a)
.........
6,726
2,749
Pinnacle
Financial
Partners,
Inc.
.......
237
534
Popular,
Inc.
.....................
72
733
Prosperity
Bancshares,
Inc.
...........
49
15,835
Regions
Financial
Corp.
.............
414
776
SouthState
Bank
Corp.
..............
72
380
TFS
Financial
Corp.
................
5
6,972
The
PNC
Financial
Services
Group,
Inc.
.
1,451
22,707
Truist
Financial
Corp.
...............
1,044
27,537
U.S.
Bancorp
.....................
1,432
1,311
Webster
Financial
Corp.
.............
91
55,929
Wells
Fargo
&
Co.
.................
4,452
857
Western
Alliance
Bancorp
............
61
532
Wintrust
Financial
Corp.
.............
74
1,117
Zions
Bancorp
NA
.................
64
50,872
Beverages
—
0.80%
177
Brown-Forman
Corp.,
Class
A
.........
5
52,024
Brown-Forman
Corp.,
Class
B
........
1,375
1,272
Celsius
Holdings,
Inc.(a)
.............
45
488
Coca-Cola
Consolidated,
Inc.
.........
94
13,381
Constellation
Brands,
Inc.,
Class
A
.....
2,007
105,726
Keurig
Dr
Pepper,
Inc.
..............
2,783
1,224
Molson
Coors
Beverage
Co.,
Class
B
....
53
35,526
Monster
Beverage
Corp.(a)
...........
2,574
39,589
PepsiCo,
Inc.
.....................
6,147
1,987
Primo
Brands
Corp.
................
37
72
The
Boston
Beer
Co.,
Inc.,
Class
A(a)
...
17
12
HC
CAPITAL
TRUST
The
Institutional
U.S.
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Beverages
(continued)
103,463
The
Coca-Cola
Co.
.................
$
7,870
23,007
Biotechnology
—
1.19%
40,275
AbbVie,
Inc.
.....................
8,761
2,293
Alnylam
Pharmaceuticals,
Inc.(a)
......
758
13,574
Amgen,
Inc.
......................
4,775
753
Apellis
Pharmaceuticals,
Inc.(a)
.......
30
7,988
Biogen,
Inc.(a)
....................
1,464
1,514
BioMarin
Pharmaceutical,
Inc.(a)
......
86
174
Caris
Life
Sciences,
Inc.(a)
...........
3
2,057
Exelixis
,
Inc.(a)
...................
88
34,527
Gilead
Sciences,
Inc.
...............
4,812
878
Halozyme
Therapeutics,
Inc.(a)
........
57
16,145
Incyte
Corp.(a)
....................
1,519
6,951
Insmed
,
Inc.(a)
....................
1,137
1,266
Ionis
Pharmaceuticals,
Inc.(a)
.........
95
2,745
Moderna,
Inc.(a)
..................
139
2,357
Natera
,
Inc.(a)
....................
472
6,565
Neurocrine
Biosciences,
Inc.(a)
........
865
3,339
Regeneron
Pharmaceuticals,
Inc.
.......
2,580
2,767
Revolution
Medicines,
Inc.(a)
.........
269
2,932
Roivant
Sciences
Ltd.(a)
.............
81
676
Sarepta
Therapeutics,
Inc.(a)
..........
15
904
Summit
Therapeutics,
Inc.(a)
.........
17
694
Ultragenyx
Pharmaceutical,
Inc.(a)
.....
15
4,434
United
Therapeutics
Corp.(a)
.........
2,630
7,450
Vertex
Pharmaceuticals,
Inc.(a)
........
3,326
807
Viking
Therapeutics,
Inc.(a)
..........
26
34,020
Broadline
Retail
—
1.81%
47,833
Alibaba
Group
Holding
Ltd.,
ADR
.....
6,001
207,787
Amazon.com,
Inc.(a)
...............
43,276
10,233
Coupang,
Inc.,
Class
A(a)
............
193
24
Dillard's,
Inc.,
Class
A
..............
14
16,346
eBay,
Inc.
.......................
1,487
695
Etsy,
Inc.(a)
......................
35
2,044
Macy's,
Inc.
......................
37
451
MercadoLibre
,
Inc.(a)
...............
780
473
Ollie's
Bargain
Outlet
Holdings,
Inc.(a)
..
44
51,867
Building
Products
—
0.20%
862
A.O.
Smith
Corp.
..................
57
524
AAON,
Inc.
......................
43
546
Advanced
Drainage
Systems,
Inc.
......
75
3,839
Allegion
PLC
....................
557
344
Armstrong
World
Industries,
Inc.
.......
57
1,978
Builders
FirstSource
,
Inc.(a)
..........
163
741
Carlisle
Cos.,
Inc.
..................
247
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Building
Products
(continued)
13,815
Carrier
Global
Corp.
................
$
778
876
Fortune
Brands
Innovations,
Inc.
.......
34
1,536
Hayward
Holdings,
Inc.(a)
...........
21
11,313
Johnson
Controls
International
PLC
.....
1,481
561
Lennox
International,
Inc.
............
260
3,760
Masco
Corp.
.....................
227
640
Owens
Corning
...................
69
325
Simpson
Manufacturing
Co.,
Inc.
......
56
3,944
Trane
Technologies
PLC
.............
1,645
835
Trex
Co.,
Inc.(a)
...................
30
5,800
Capital
Markets
—
2.25%
227
Affiliated
Managers
Group,
Inc.
.......
63
1,637
Ameriprise
Financial,
Inc.
............
728
3,629
Ares
Management
Corp.,
Class
A
......
396
2,669
Blackrock,
Inc.
...................
2,567
13,200
Blackstone,
Inc.
...................
1,518
4,722
Blue
Owl
Capital,
Inc.
..............
43
2,959
Brookfield
Asset
Management
Ltd.,
Class
A
132
258
Bullish^(a)
......................
9
11,470
Cboe
Global
Markets,
Inc.
...........
3,224
15,278
CME
Group,
Inc.,
Class
A
............
4,512
3,916
Coinbase
Global,
Inc.,
Class
A(a)
......
683
287
Evercore,
Inc.,
Class
A
..............
86
295
FactSet
Research
Systems,
Inc.
........
64
2,297
Franklin
Resources,
Inc.
.............
54
136
Freedom
Holding
Corp./N.V.^(a)
.......
20
309
Hamilton
Lane,
Inc.,
Class
A
..........
31
434
Houlihan
Lokey,
Inc.,
Class
A
.........
62
7,851
Interactive
Brokers
Group,
Inc.,
Class
A
..
527
18,624
Intercontinental
Exchange,
Inc.
........
2,929
2,832
Invesco
Ltd.
......................
69
929
Janus
Henderson
Group
PLC
.........
48
1,185
Jefferies
Financial
Group,
Inc.
.........
49
11,507
KKR
&
Co.,
Inc.
..................
1,065
720
Lazard,
Inc.,
Class
A
................
31
1,403
LPL
Financial
Holdings,
Inc.
..........
422
282
MarketAxess
Holdings,
Inc.
..........
47
20,391
Moody's
Corp.
....................
8,895
20,803
Morgan
Stanley
...................
3,423
182
Morningstar,
Inc.
..................
31
1,306
MSCI,
Inc.,
Class
A
................
704
8,091
Nasdaq,
Inc.
.....................
687
3,339
Northern
Trust
Corp.
...............
466
3,322
Raymond
James
Financial,
Inc.
........
481
13,296
Robinhood
Markets,
Inc.,
Class
A(a)
....
922
23,580
S&P
Global,
Inc.
..................
10,028
780
SEI
Investments
Co.
................
61
4,912
State
Street
Corp.
..................
621
1,163
Stifel
Financial
Corp.
...............
86
13
HC
CAPITAL
TRUST
The
Institutional
U.S.
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Capital
Markets
(continued)
3,865
T.
Rowe
Price
Group,
Inc.
............
$
349
12,257
The
Bank
of
New
York
Mellon
Corp.
....
1,454
4,304
The
Carlyle
Group,
Inc.
.............
208
110,188
The
Charles
Schwab
Corp.
...........
10,355
5,289
The
Goldman
Sachs
Group,
Inc.
.......
4,474
1,002
TPG,
Inc.,
Class
A
.................
41
14,420
Tradeweb
Markets,
Inc.,
Class
A
.......
1,697
496
Virtu
Financial,
Inc.,
Class
A
..........
22
2,910
XP,
Inc.,
Class
A
..................
55
64,439
Chemicals
—
0.91%
6,756
Air
Products
and
Chemicals,
Inc.
.......
1,962
920
Albemarle
Corp.
..................
165
304
Ashland,
Inc.
.....................
17
1,530
Axalta
Coating
Systems
Ltd.(a)
........
42
855
Celanese
Corp.,
Class
A
.............
56
19,817
CF
Industries
Holdings,
Inc.
..........
2,573
22,101
Corteva,
Inc.
.....................
1,850
12,725
Dow,
Inc.
.......................
530
7,502
DuPont
de
Nemours,
Inc.
............
343
907
Eastman
Chemical
Co.
..............
69
8,193
Ecolab,
Inc.
......................
2,180
1,710
Element
Solutions,
Inc.
..............
58
955
FMC
Corp.
......................
16
924
Huntsman
Corp.
...................
12
12,558
International
Flavors
&
Fragrances,
Inc.
..
911
10,893
Linde
PLC
.......................
5,401
4,519
LyondellBasell
Industries
N.V.,
Class
A
..
364
48
NewMarket
Corp.
.................
31
769
Olin
Corp.
.......................
23
4,031
PPG
Industries,
Inc.
................
431
2,268
RPM
International,
Inc.
.............
226
80,470
Sensient
Technologies
Corp.
..........
6,957
1,245
Solstice
Advanced
Materials,
Inc.
......
95
2,335
The
Mosaic
Co.
...................
60
306
The
Scotts
Miracle-Gro
Co.
..........
19
4,915
The
Sherwin-Williams
Co.
...........
1,575
250
Westlake
Corp.
...................
29
25,995
Commercial
Services
&
Supplies
—
0.51%
9,762
Cintas
Corp.
.....................
1,651
405
Clean
Harbors,
Inc.(a)
..............
116
27,232
Copart,
Inc.(a)
....................
904
286
MSA
Safety,
Inc.
..................
47
1,466
RB
Global,
Inc.
...................
141
13,180
Republic
Services,
Inc.,
Class
A
.......
2,887
35,112
Rollins,
Inc.
......................
1,875
1,995
Tetra
Tech,
Inc.
...................
60
9,064
Veralto
Corp.
.....................
801
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Commercial
Services
&
Supplies
(continued)
14,098
Waste
Connections,
Inc.
.............
$
2,290
16,558
Waste
Management,
Inc.
.............
3,805
14,577
Communications
Equipment
—
0.44%
18,839
Arista
Networks,
Inc.(a)
.............
2,313
2,504
Ciena
Corp.(a)
....................
972
73,547
Cisco
Systems,
Inc.
................
5,707
1,020
F5,
Inc.(a)
.......................
295
1,272
Lumentum
Holdings,
Inc.(a)
..........
894
5,759
Motorola
Solutions,
Inc.
.............
2,499
33
Ubiquiti,
Inc.
.....................
26
12,706
Construction
&
Engineering
—
0.12%
2,348
AECOM
........................
199
2,851
API
Group
Corp.(a)
................
116
632
Comfort
Systems
USA,
Inc.
..........
872
807
EMCOR
Group,
Inc.
...............
596
383
Everus
Construction
Group,
Inc.(a)
.....
45
500
MasTec
,
Inc.(a)
...................
161
2,650
Quanta
Services,
Inc.
...............
1,453
159
Valmont
Industries,
Inc.
.............
64
1,259
WillScot
Holdings
Corp.
.............
22
3,528
Construction
Materials
—
0.55%
4,821
Amrize
Ltd.(a)
....................
270
72,899
CRH
PLC
.......................
7,663
249
Eagle
Materials,
Inc.
................
47
1,138
James
Hardie
Industries
PLC(a)
.......
22
12,221
Martin
Marietta
Materials,
Inc.
........
7,194
2,331
Vulcan
Materials
Co.
...............
635
15,831
Consumer
Finance
—
0.21%
2,135
Ally
Financial,
Inc.
.................
84
9,721
American
Express
Co.
..............
2,940
11,288
Capital
One
Financial
Corp.
..........
2,059
35
Credit
Acceptance
Corp.(a)
...........
15
271
Figure
Technology
Solutions,
Inc.,
Class
A^(a)
......................
9
870
OneMain
Holdings,
Inc.,
Class
A
.......
47
1,415
SLM
Corp.
......................
30
22,292
SoFi
Technologies,
Inc.(a)
............
354
6,308
Synchrony
Financial
................
429
5,967
Consumer
Staples
Distribution
&
Retail
—
1.11%
2,868
Albertsons
Cos.,
Inc.,
Class
A
.........
49
1,016
BJ's
Wholesale
Club
Holdings,
Inc.(a)
...
100
14
HC
CAPITAL
TRUST
The
Institutional
U.S.
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Consumer
Staples
Distribution
&
Retail
(continued)
664
Casey's
General
Stores,
Inc.
..........
$
483
9,019
Costco
Wholesale
Corp.
.............
8,987
21,405
Dollar
General
Corp.
...............
2,542
11,828
Dollar
Tree,
Inc.(a)
.................
1,295
1,321
Maplebear
,
Inc.(a)
.................
49
1,187
Performance
Food
Group
Co.(a)
.......
102
758
Sprouts
Farmers
Market,
Inc.(a)
.......
58
30,130
Sysco
Corp.
......................
2,149
8,049
Target
Corp.
.....................
976
49,734
The
Kroger
Co.
...................
3,599
1,777
U.S.
Foods
Holding
Corp.(a)
..........
164
91,163
Walmart,
Inc.
.....................
11,329
31,882
Containers
&
Packaging
—
0.19%
32,978
Amcor
PLC
......................
1,311
532
AptarGroup,
Inc.
..................
67
5,602
Avery
Dennison
Corp.
..............
967
20,933
Ball
Corp.
.......................
1,238
900
Crown
Holdings,
Inc.
...............
90
1,931
Graphic
Packaging
Holding
Co.
.......
19
13,216
International
Paper
Co.
..............
471
3,889
Packaging
Corp.
of
America
..........
826
1,105
Sealed
Air
Corp.
..................
46
638
Silgan
Holdings,
Inc.
...............
25
9,147
Smurfit
Westrock
PLC
..............
365
738
Sonoco
Products
Co.
...............
40
5,465
Distributors
—
0.04%
9,089
Genuine
Parts
Co.
.................
961
1,863
LKQ
Corp.
......................
55
259
Pool
Corp.
.......................
52
1,068
Diversified
Consumer
Services
—
0.01%
3,971
ADT,
Inc.
.......................
26
436
Bright
Horizons
Family
Solutions,
Inc.(a)
36
292
Duolingo,
Inc.,
Class
A(a)
............
29
232
Grand
Canyon
Education,
Inc.(a)
.......
39
890
H&R
Block,
Inc.
..................
28
148
Liberty
Live
Holdings,
Inc.,
Class
A(a)
..
14
355
Liberty
Live
Holdings,
Inc.,
Class
C(a)
..
33
1,078
Service
Corp.
International
...........
89
294
Diversified
REITs
—
0.47%
108,778
Essential
Properties
Realty
Trust,
Inc.
...
3,303
215,697
Global
Net
Lease,
Inc.
..............
2,019
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Diversified
REITs
(continued)
120,499
WP
Carey,
Inc.
....................
$
8,189
13,511
Diversified
Telecommunication
Services
—
0.55%
3,978
AST
SpaceMobile
,
Inc.(a)
............
330
212,313
AT&T,
Inc.
......................
6,155
97,802
Comcast
Corp.,
Class
A
.............
2,808
26
GCI
Liberty,
Inc.,
Class
A(a)
..........
1
176
GCI
Liberty,
Inc.,
Class
C(a)
..........
7
517
Iridium
Communications,
Inc.
.........
14
1,274
Liberty
Global
Ltd.,
Class
A(a)
........
15
899
Liberty
Global
Ltd.,
Class
C(a)
........
11
126,275
Verizon
Communications,
Inc.
.........
6,338
15,679
Electric
Utilities
—
1.66%
36,171
Alliant
Energy
Corp.
...............
2,595
28,939
American
Electric
Power
Co.,
Inc.
......
3,793
5,506
Constellation
Energy
Corp.
...........
1,538
35,081
Duke
Energy
Corp.
.................
4,593
27,199
Edison
International
................
1,990
25,317
Entergy
Corp.
....................
2,844
32,353
Evergy
,
Inc.
......................
2,651
33,285
Eversource
Energy
.................
2,307
71,886
Exelon
Corp.
.....................
3,523
58,470
FirstEnergy
Corp.
..................
2,962
417
IDACORP,
Inc.
...................
60
56,366
NextEra
Energy,
Inc.
...............
5,236
3,481
NRG
Energy,
Inc.
..................
508
1,514
OGE
Energy
Corp.
.................
73
1,095
Oklo
,
Inc.,
Class
A(a)
...............
54
125,303
PG&E
Corp.
.....................
2,202
922
Pinnacle
West
Capital
Corp.
..........
93
73,916
PPL
Corp.
.......................
2,824
48,054
The
Southern
Co.
..................
4,638
40,095
Xcel
Energy,
Inc.
..................
3,185
47,669
Electrical
Equipment
—
0.44%
243
Acuity,
Inc.
......................
68
5,275
AMETEK,
Inc.
...................
1,131
2,191
Bloom
Energy
Corp.,
Class
A(a)
.......
297
6,972
Eaton
Corp.
PLC
..................
2,494
10,043
Emerson
Electric
Co.
...............
1,316
4,854
GE
Vernova
,
Inc.
..................
4,235
459
Generac
Holdings,
Inc.(a)
............
90
950
Hubbell,
Inc.
.....................
467
1,253
nVent
Electric
PLC
.................
148
518
Regal
Rexnord
Corp.
...............
97
2,001
Rockwell
Automation,
Inc.
...........
718
1,008
Sensata
Technologies
Holding
PLC
.....
36
15
HC
CAPITAL
TRUST
The
Institutional
U.S.
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Electrical
Equipment
(continued)
6,626
Vertiv
Holdings
Co.,
Class
A
..........
$
1,660
12,757
Electronic
Equipment,
Instruments
&
Components
—
0.54%
71,748
Amphenol
Corp.,
Class
A
............
9,065
399
Arrow
Electronics,
Inc.(a)
............
57
614
Avnet,
Inc.
.......................
38
2,341
CDW
Corp.
......................
284
1,318
Cognex
Corp.
....................
65
2,766
Coherent
Corp.(a)
.................
659
14,293
Corning,
Inc.
.....................
1,943
357
Crane
NXT
Co.
...................
14
6,449
Flex
Ltd.(a)
......................
422
158
Ingram
Micro
Holding
Corp.
..........
4
187
IPG
Photonics
Corp.(a)
..............
21
1,880
Jabil,
Inc.
.......................
499
3,055
Keysight
Technologies,
Inc.(a)
........
863
203
Littelfuse
,
Inc.
....................
69
875
Ralliant
Corp.
....................
36
609
TD
SYNNEX
Corp.
................
103
2,950
TE
Connectivity
PLC
...............
617
824
Teledyne
Technologies,
Inc.(a)
........
499
1,075
Vontier
Corp.
.....................
38
914
Zebra
Technologies
Corp.(a)
..........
191
15,487
Energy
Equipment
&
Services
—
0.12%
17,549
Baker
Hughes
Co.
.................
1,072
15,093
Halliburton
Co.
...................
588
2,720
NOV,
Inc.
.......................
51
26,676
SLB
Ltd.
........................
1,371
3,138
TechnipFMC
PLC
.................
217
554
Weatherford
International
PLC
........
52
3,351
Entertainment
—
0.90%
4,318
Electronic
Arts,
Inc.
................
881
15,068
Liberty
Media
Corp.-Liberty
Formula
One(a)
.....................
1,281
159
Liberty
Media
Corp.-Liberty
Formula
One(a)
.....................
12
2,934
Live
Nation
Entertainment,
Inc.(a)
......
447
125
Madison
Square
Garden
Sports
Corp.(a)
..
40
171,849
Netflix,
Inc.(a)
....................
16,523
10,606
ROBLOX
Corp.,
Class
A(a)
..........
600
1,033
Roku,
Inc.,
Class
A(a)
...............
98
1,208
Spotify
Technology
SA(a)
............
586
5,006
Take-Two
Interactive
Software,
Inc.(a)
...
989
31,822
The
Walt
Disney
Co.
...............
3,067
556
TKO
Group
Holdings,
Inc.
...........
112
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Entertainment
(continued)
41,248
Warner
Bros.
Discovery,
Inc.(a)
........
$
1,133
25,769
Financial
Services
—
2.11%
4,692
Affirm
Holdings,
Inc.,
Class
A(a)
.......
215
67,024
Apollo
Global
Management,
Inc.
.......
7,467
30,944
Berkshire
Hathaway,
Inc.,
Class
B(a)
....
14,829
9,524
Block,
Inc.,
Class
A(a)
..............
573
4,488
Corebridge
Financial,
Inc.
............
107
1,188
Corpay
,
Inc.(a)
....................
346
4,903
Equitable
Holdings,
Inc.
.............
182
313
Euronet
Worldwide,
Inc.(a)
...........
21
17,027
Fidelity
National
Information
Services,
Inc.
798
17,529
Fiserv,
Inc.(a)
.....................
978
4,366
Global
Payments,
Inc.
...............
294
10,965
Jack
Henry
&
Associates,
Inc.
.........
1,733
29,937
Mastercard,
Inc.,
Class
A
............
14,960
1,613
MGIC
Investment
Corp.
.............
42
16,223
PayPal
Holdings,
Inc.
...............
734
16,317
Rocket
Cos.,
Inc.,
Class
A(a)
..........
232
513
Shift4
Payments,
Inc.,
Class
A^(a)
......
22
2,293
The
Western
Union
Co.
..............
20
8,040
Toast,
Inc.,
Class
A(a)
...............
213
703
UWM
Holdings
Corp.
..............
3
55,214
Visa,
Inc.,
Class
A
.................
16,688
738
Voya
Financial,
Inc.
................
50
262
WEX,
Inc.(a)
.....................
40
60,547
Food
Products
—
0.91%
33,887
Archer-Daniels-Midland
Co.
..........
2,463
15,763
Bunge
Global
SA
..................
2,006
3,657
Conagra
Brands,
Inc.
...............
57
1,213
Darling
Ingredients,
Inc.(a)
...........
75
1,421
Flowers
Foods,
Inc.
................
12
345
Freshpet
,
Inc.(a)
...................
20
69,932
General
Mills,
Inc.
.................
2,603
113,253
Hormel
Foods
Corp.
................
2,565
497
Ingredion,
Inc.
....................
56
990
Lamb
Weston
Holdings,
Inc.
..........
42
37,423
McCormick
&
Co.,
Inc.
.............
1,887
63,884
Mondelez
International,
Inc.,
Class
A
....
3,682
235
Pilgrim's
Pride
Corp.
...............
9
362
Post
Holdings,
Inc.(a)
...............
36
2
Seaboard
Corp.
...................
11
351
Smithfield
Foods,
Inc.
...............
10
1,470
The
Campbell's
Company^
...........
33
14,216
The
Hershey
Co.
..................
2,955
23,722
The
J.M.
Smucker
Co.
..............
2,288
115,244
The
Kraft
Heinz
Co.
................
2,593
16
HC
CAPITAL
TRUST
The
Institutional
U.S.
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Food
Products
(continued)
41,851
Tyson
Foods,
Inc.,
Class
A
...........
$
2,680
26,083
Gas
Utilities
—
0.11%
15,812
Atmos
Energy
Corp.
................
2,920
1,532
MDU
Resources
Group,
Inc.
..........
32
722
National
Fuel
Gas
Co.
..............
68
1,588
UGI
Corp.
.......................
58
3,078
Ground
Transportation
—
0.61%
131
Avis
Budget
Group,
Inc.^(a)
..........
19
50,250
CSX
Corp.
.......................
2,062
1,325
JB
Hunt
Transport
Services,
Inc.
.......
281
1,183
Knight-Swift
Transportation
Holdings,
Inc.,
Class
A
.....................
68
271
Landstar
System,
Inc.
...............
43
2,720
Lyft,
Inc.,
Class
A(a)
...............
36
3,977
Norfolk
Southern
Corp.
.............
1,142
3,348
Old
Dominion
Freight
Line,
Inc.
.......
654
311
Ryder
System,
Inc.
.................
64
214
Saia,
Inc.(a)
......................
75
237
Schneider
National,
Inc.,
Class
B
.......
6
35,585
Uber
Technologies,
Inc.(a)
...........
2,560
68
U-Haul
Holding
Co.(a)
..............
3
761
U-Haul
Holding
Co.
................
34
42,339
Union
Pacific
Corp.
................
10,274
912
XPO,
Inc.(a)
.....................
177
17,498
Health
Care
Equipment
&
Supplies
—
1.23%
49,672
Abbott
Laboratories
................
5,100
557
Align
Technology,
Inc.(a)
............
95
28,723
Baxter
International,
Inc.
............
482
13,766
Becton
Dickinson
&
Co.
.............
2,165
138,600
Boston
Scientific
Corp.(a)
............
8,697
1,225
DENTSPLY
SIRONA,
Inc.
...........
14
6,990
Dexcom,
Inc.(a)
...................
439
19,896
Edwards
Lifesciences
Corp.(a)
........
1,593
1,234
Envista
Holdings
Corp.(a)
............
31
8,046
GE
HealthCare
Technologies,
Inc.
......
573
897
Globus
Medical,
Inc.,
Class
A(a)
.......
77
4,032
Hologic,
Inc.(a)
...................
305
1,426
IDEXX
Laboratories,
Inc.(a)
..........
802
217
Inspire
Medical
Systems,
Inc.(a)
.......
11
1,242
Insulet
Corp.(a)
...................
260
6,298
Intuitive
Surgical,
Inc.(a)
............
2,904
360
Masimo
Corp.(a)
..................
64
41,136
Medtronic
PLC
...................
3,564
302
Penumbra,
Inc.(a)
..................
99
4,155
ResMed,
Inc.
.....................
933
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Health
Care
Equipment
&
Supplies
(continued)
2,807
Solventum
Corp.(a)
................
$
183
6,304
STERIS
PLC
.....................
1,394
8,639
Stryker
Corp.
.....................
2,839
356
Teleflex,
Inc.
.....................
43
8,866
The
Cooper
Cos.,
Inc.(a)
.............
634
21,722
Zimmer
Biomet
Holdings,
Inc.
........
1,964
35,265
Health
Care
Providers
&
Services
—
1.44%
675
Acadia
Healthcare
Co.,
Inc.(a)
.........
16
164,612
Brookdale
Senior
Living,
Inc.(a)
.......
2,253
13,275
Cardinal
Health,
Inc.
...............
2,805
10,631
Cencora
,
Inc.
.....................
3,341
64,380
Centene
Corp.(a)
..................
2,107
111
Chemed
Corp.
....................
42
46,248
CVS
Health
Corp.
.................
3,321
296
DaVita,
Inc.(a)
....................
45
9,978
Elevance
Health,
Inc.
...............
2,922
771
Encompass
Health
Corp.
.............
75
6,070
HCA
Healthcare,
Inc.
...............
2,872
847
Henry
Schein,
Inc.(a)
...............
62
12,998
Humana,
Inc.
.....................
2,253
6,115
Labcorp
Holdings,
Inc.
..............
1,632
4,919
McKesson
Corp.
..................
4,257
415
Molina
Healthcare,
Inc.(a)
...........
55
12,869
Quest
Diagnostics,
Inc.
..............
2,522
682
Tenet
Healthcare
Corp.(a)
............
129
12,403
The
Cigna
Group
..................
3,308
23,735
UnitedHealth
Group,
Inc.
............
6,423
4,608
Universal
Health
Services,
Inc.,
Class
B
..
824
41,264
Health
Care
REITs
—
1.25%
1,330
Alexandria
Real
Estate
Equities,
Inc.
....
62
70,937
American
Healthcare
REIT,
Inc.
.......
3,345
98,639
CareTrust
REIT,
Inc.
...............
3,615
2,539
Healthcare
Realty
Trust,
Inc.
..........
43
62,569
Healthpeak
Properties,
Inc.
...........
1,028
3,673
Medical
Properties
Trust,
Inc.
.........
17
2,222
Omega
Healthcare
Investors,
Inc.
......
97
65,385
Ventas,
Inc.
......................
5,347
113,059
Welltower,
Inc.
....................
22,354
35,908
Health
Care
Technology
—
0.02%
881
Certara,
Inc.(a)
....................
5
1,010
Doximity,
Inc.,
Class
A(a)
............
24
2,719
Veeva
Systems,
Inc.,
Class
A(a)
........
477
506
17
HC
CAPITAL
TRUST
The
Institutional
U.S.
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Hotel
&
Resort
REITs
—
0.09%
5,369
Host
Hotels
&
Resorts,
Inc.
...........
$
103
1,252
Park
Hotels
&
Resorts,
Inc.
...........
13
106,938
Pebblebrook
Hotel
Trust
.............
1,351
68,261
Xenia
Hotels
&
Resorts,
Inc.
..........
1,012
2,479
Hotels,
Restaurants
&
Leisure
—
1.68%
7,634
Airbnb,
Inc.,
Class
A(a)
.............
964
1,994
Aramark
........................
81
577
Booking
Holdings,
Inc.
..............
2,429
449
Boyd
Gaming
Corp.
................
37
1,556
Caesars
Entertainment,
Inc.(a)
.........
41
19,152
Carnival
Corp.
....................
496
772
Cava
Group,
Inc.(a)
................
62
23,589
Chipotle
Mexican
Grill,
Inc.,
Class
A(a)
..
755
229
Choice
Hotels
International,
Inc.
.......
24
541
Churchill
Downs,
Inc.
...............
49
7,414
Darden
Restaurants,
Inc.
.............
1,454
3,371
Domino's
Pizza,
Inc.
................
1,210
6,688
DoorDash
,
Inc.,
Class
A(a)
...........
1,004
8,367
DraftKings,
Inc.(a)
.................
180
895
Dutch
Bros,
Inc.,
Class
A(a)
..........
45
2,139
Expedia
Group,
Inc.
................
494
62,881
Flutter
Entertainment
PLC,
Class
DI(a)
..
6,411
34,635
Hilton
Worldwide
Holdings,
Inc.
.......
10,531
762
Hyatt
Hotels
Corp.,
Class
A
...........
110
5,399
Las
Vegas
Sands
Corp.
..............
291
7,093
Marriott
International,
Inc.,
Class
A
.....
2,320
19,189
McDonald's
Corp.
.................
5,964
1,585
MGM
Resorts
International(a)
.........
59
3,394
Norwegian
Cruise
Line
Holdings
Ltd.(a)
.
63
796
Penn
Entertainment,
Inc.(a)
...........
12
633
Planet
Fitness,
Inc.,
Class
A(a)
........
47
2,504
Restaurant
Brands
International,
Inc.
....
185
4,556
Royal
Caribbean
Cruises
Ltd.
.........
1,253
20,121
Starbucks
Corp.
...................
1,803
533
Texas
Roadhouse,
Inc.,
Class
A
........
88
692
The
Wendy's
Co.
..................
5
481
Travel
+
Leisure
Co.
................
33
277
Vail
Resorts,
Inc.
..................
36
97,919
Viking
Holdings
Ltd.(a)
.............
7,195
215
Wingstop
,
Inc.
....................
33
575
Wyndham
Hotels
&
Resorts,
Inc.
.......
47
598
Wynn
Resorts
Ltd.
.................
61
15,301
Yum!
Brands,
Inc.
.................
2,379
48,251
Household
Durables
—
0.58%
8,826
D.R.
Horton,
Inc.
..................
1,212
2,937
Garmin
Ltd.
......................
682
6,062
Lennar
Corp.,
Class
A
...............
527
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Household
Durables
(continued)
73
Lennar
Corp.,
Class
B
..............
$
6
399
Mohawk
Industries,
Inc.(a)
...........
39
2,863
Newell
Brands,
Inc.
................
10
186
NVR,
Inc.(a)
.....................
1,225
3,435
PulteGroup,
Inc.
...................
404
57,203
SharkNinja
,
Inc.(a)
.................
6,057
86,261
Somnigroup
International,
Inc.
........
6,376
746
Toll
Brothers,
Inc.
.................
102
226
TopBuild
Corp.(a)
.................
79
404
Whirlpool
Corp.
...................
22
16,741
Household
Products
—
0.69%
30,938
Church
&
Dwight
Co.,
Inc.
...........
2,888
41,699
Colgate-Palmolive
Co.
..............
3,554
30,060
Kimberly-Clark
Corp.
...............
2,900
412
Reynolds
Consumer
Products,
Inc.
.....
9
21,192
The
Clorox
Co.
...................
2,197
57,251
The
Procter
&
Gamble
Co.
...........
8,267
19,815
Independent
Power
and
Renewable
Electricity
Producers
—
0.48%
968
Brookfield
Renewable
Corp.
..........
39
261
Clearway
Energy,
Inc.,
Class
A
........
10
633
Clearway
Energy,
Inc.,
Class
C
........
25
19,513
Talen
Energy
Corp.(a)
..............
6,230
5,463
The
AES
Corp.
...................
77
48,805
Vistra
Corp.
......................
7,336
13,717
Industrial
Conglomerates
—
0.15%
9,414
3M
Co.
.........................
1,367
13,577
Honeywell
International,
Inc.
.........
3,069
4,436
Industrial
REITs
—
0.78%
2,173
Americold
Realty
Trust,
Inc.
..........
25
14,390
EastGroup
Properties,
Inc.
...........
2,664
999
First
Industrial
Realty
Trust,
Inc.
.......
58
546
Lineage,
Inc.
.....................
18
24,591
LXP
Industrial
Trust
................
1,138
139,217
Prologis,
Inc.
.....................
18,400
1,699
Rexford
Industrial
Realty,
Inc.
.........
56
1,444
STAG
Industrial,
Inc.
...............
52
22,411
Insurance
—
1.78%
22,351
Aflac,
Inc.
.......................
2,453
10,815
American
Financial
Group,
Inc.
........
1,381
19,792
American
International
Group,
Inc.
.....
1,489
18
HC
CAPITAL
TRUST
The
Institutional
U.S.
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Insurance
(continued)
9,629
Aon
PLC,
Class
A
.................
$
3,108
23,478
Arch
Capital
Group
Ltd.(a)
...........
2,255
13,362
Arthur
J.
Gallagher
&
Co.
............
2,893
404
Assurant,
Inc.
....................
88
375
Assured
Guaranty
Ltd.
..............
31
590
Axis
Capital
Holdings
Ltd.
...........
60
435
Brighthouse
Financial,
Inc.(a)
.........
26
29,362
Brown
&
Brown,
Inc.
...............
1,915
13,088
Chubb
Ltd.
......................
4,267
8,520
Cincinnati
Financial
Corp.
...........
1,340
105
CNA
Financial
Corp.
...............
5
6,676
Erie
Indemnity
Co.,
Class
A
..........
1,677
4,918
Everest
Group
Ltd.
.................
1,608
20,817
Fidelity
National
Financial,
Inc.
.......
965
765
First
American
Financial
Corp.
........
46
641
Globe
Life,
Inc.
...................
89
482
Kemper
Corp.
....................
15
179
Kinsale
Capital
Group,
Inc.
...........
61
1,287
Lincoln
National
Corp.
..............
46
15,587
Loews
Corp.
.....................
1,664
861
Markel
Group,
Inc.(a)
...............
1,647
19,450
Marsh
&
McLennan
Cos.,
Inc.
........
3,374
9,948
MetLife,
Inc.
.....................
704
1,708
Old
Republic
International
Corp.
.......
68
257
Primerica,
Inc.
....................
64
3,957
Principal
Financial
Group,
Inc.
........
356
6,204
Prudential
Financial,
Inc.
............
606
530
Reinsurance
Group
of
America,
Inc.
....
108
353
RenaissanceRe
Holdings
Ltd.
.........
105
608
RLI
Corp.
.......................
35
812
Ryan
Specialty
Holdings,
Inc.,
Class
A
...
27
12,778
The
Allstate
Corp.
.................
2,650
297
The
Hanover
Insurance
Group,
Inc.
.....
51
14,613
The
Hartford
Insurance
Group,
Inc.
.....
1,976
20,894
The
Progressive
Corp.
..............
4,142
9,297
The
Travelers
Cos.,
Inc.
.............
2,711
1,339
Unum
Group
.....................
98
34,376
W.R.
Berkley
Corp.
................
2,279
22
White
Mountains
Insurance
Group
Ltd.
..
48
8,312
Willis
Towers
Watson
PLC
...........
2,416
50,947
Interactive
Media
&
Services
—
3.16%
128,086
Alphabet,
Inc.,
Class
A
..............
36,832
85,476
Alphabet,
Inc.,
Class
C
..............
24,520
446
IAC,
Inc.(a)
......................
18
1,770
Match
Group,
Inc.
.................
54
50,409
Meta
Platforms,
Inc.,
Class
A
.........
28,840
10,234
Pinterest,
Inc.,
Class
A(a)
............
188
1,999
Reddit,
Inc.,
Class
A(a)
..............
269
10,787
Snap,
Inc.,
Class
A(a)
...............
50
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Interactive
Media
&
Services
(continued)
1,247
Trump
Media
&
Technology
Group
Corp.(a)
$
12
1,579
ZoomInfo
Technologies,
Inc.,
Class
A(a)
.
9
90,792
IT
Services
—
0.46%
11,018
Accenture
PLC,
Class
A
.............
2,185
1,110
Akamai
Technologies,
Inc.(a)
.........
127
854
Amdocs
Ltd.
.....................
56
5,681
Cloudflare,
Inc.,
Class
A(a)
...........
1,172
8,592
Cognizant
Technology
Solutions
Corp.,
Class
A
.....................
527
2,339
CoreWeave
,
Inc.,
Class
A(a)
..........
181
1,008
DXC
Technology
Co.(a)
.............
13
427
EPAM
Systems,
Inc.(a)
..............
58
1,333
Gartner,
Inc.(a)
...................
211
309
Globant
SA(a)
....................
14
2,437
GoDaddy,
Inc.,
Class
A(a)
............
202
18,833
International
Business
Machines
Corp.
...
4,565
1,741
Kyndryl
Holdings,
Inc.(a)
............
23
1,440
MongoDB,
Inc.,
Class
A(a)
...........
352
3,118
Okta,
Inc.,
Class
A(a)
...............
245
5,779
Snowflake,
Inc.,
Class
A(a)
...........
871
2,581
Twilio,
Inc.,
Class
A(a)
..............
325
8,458
VeriSign,
Inc.
.....................
2,101
13,228
Leisure
Products
—
0.01%
490
Brunswick
Corp.
..................
36
1,021
Hasbro,
Inc.
......................
95
2,378
Mattel,
Inc.(a)
....................
35
547
YETI
Holdings,
Inc.(a)
..............
20
186
Life
Sciences
Tools
&
Services
—
0.34%
5,030
Agilent
Technologies,
Inc.
............
573
5,099
Avantor,
Inc.(a)
...................
40
143
Bio-Rad
Laboratories,
Inc.,
Class
A(a)
...
40
1,180
Bio-Techne
Corp.
..................
62
684
Bruker
Corp.
.....................
25
382
Charles
River
Laboratories
International,
Inc.(a)
......................
66
11,353
Danaher
Corp.
....................
2,152
2,753
Illumina,
Inc.(a)
...................
339
3,012
IQVIA
Holdings,
Inc.(a)
.............
514
177
Medpace
Holdings,
Inc.(a)
...........
85
369
Mettler-Toledo
International,
Inc.(a)
....
465
1,539
QIAGEN
N.V.
....................
62
419
Repligen
Corp.(a)
..................
49
906
Revvity
,
Inc.
.....................
79
1,589
Sotera
Health
Co.(a)
................
23
867
Tempus
AI,
Inc.,
Class
A(a)
...........
39
7,115
Thermo
Fisher
Scientific,
Inc.
.........
3,497
19
HC
CAPITAL
TRUST
The
Institutional
U.S.
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Life
Sciences
Tools
&
Services
(continued)
1,736
Waters
Corp.(a)
...................
$
517
4,550
West
Pharmaceutical
Services,
Inc.
.....
1,141
9,768
Machinery
—
0.78%
508
AGCO
Corp.
.....................
59
657
Allison
Transmission
Holdings,
Inc.
....
77
8,271
Caterpillar,
Inc.
...................
5,860
15,489
CNH
Industrial
N.V.
................
170
381
Crane
Co.
.......................
65
2,457
Cummins,
Inc.
....................
1,322
5,129
Deere
&
Co.
.....................
2,888
921
Donaldson
Co.,
Inc.
................
78
2,403
Dover
Corp.
......................
501
469
Esab
Corp.
.......................
45
987
Flowserve
Corp.
...................
73
5,898
Fortive
Corp.
.....................
326
1,972
Gates
Industrial
Corp.
PLC(a)
.........
45
2,974
Graco,
Inc.
......................
251
1,338
IDEX
Corp.
......................
254
6,938
Illinois
Tool
Works,
Inc.
.............
1,806
7,042
Ingersoll
Rand,
Inc.
................
564
663
ITT,
Inc.
........................
126
425
Lincoln
Electric
Holdings,
Inc.
........
106
839
Mueller
Industries,
Inc.
..............
93
947
Nordson
Corp.
....................
252
498
Oshkosh
Corp.
....................
73
19,916
Otis
Worldwide
Corp.
...............
1,535
9,371
PACCAR,
Inc.
....................
1,083
2,253
Parker-Hannifin
Corp.
..............
2,017
2,912
Pentair
PLC
......................
254
250
RBC
Bearings,
Inc.(a)
..............
136
2,109
Snap-on,
Inc.
.....................
766
1,213
Stanley
Black
&
Decker,
Inc.
.........
86
373
The
Middleby
Corp.(a)
..............
49
511
The
Timken
Co.
...................
51
791
The
Toro
Co.
.....................
74
3,046
Westinghouse
Air
Brake
Technologies
Corp.
762
4,307
Xylem,
Inc.
......................
515
22,362
Marine
Transportation
—
0.00%
453
Kirby
Corp.(a)
....................
60
Media
—
0.11%
1,529
Charter
Communications,
Inc.,
Class
A(a)
330
1,050
DoubleVerify
Holdings,
Inc.(a)
........
10
1,391
EchoStar
Corp.,
Class
A(a)
...........
163
3,748
Fox
Corp.,
Class
A
.................
219
16,431
Fox
Corp.,
Class
B
.................
873
132
Liberty
Broadband
Corp.,
Class
A(a)
....
7
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Media
(continued)
880
Liberty
Broadband
Corp.,
Class
C(a)
....
$
44
6,586
News
Corp.,
Class
A
................
164
897
News
Corp.,
Class
B
...............
26
227
Nexstar
Media
Group,
Inc.,
Class
A
.....
41
370
NIQ
Global
Intelligence
PLC(a)
.......
4
13,418
Omnicom
Group,
Inc.
...............
1,011
1,469
Sirius
XM
Holdings,
Inc.
............
34
1,232
The
New
York
Times
Co.,
Class
A
......
103
7,829
The
Trade
Desk,
Inc.,
Class
A(a)
.......
177
979
Versant
Media
Group,
Inc.
...........
36
3,242
Metals
&
Mining
—
0.25%
2,023
Alcoa
Corp.
......................
134
3,945
Anglogold
Ashanti
PLC
.............
384
4,358
Cleveland-Cliffs,
Inc.(a)
.............
37
8,696
Coeur
Mining,
Inc.(a)
...............
163
25,645
Freeport-McMoRan,
Inc.
............
1,507
1,013
MP
Materials
Corp.(a)
..............
49
28,504
Newmont
Corp.
...................
3,087
4,119
Nucor
Corp.
......................
696
952
Reliance,
Inc.
.....................
289
657
Royal
Gold,
Inc.
...................
167
659
Southern
Copper
Corp.
..............
113
2,424
Steel
Dynamics,
Inc.
................
437
7,063
Mortgage
Real
Estate
Investment
Trusts
(REITs)
—
0.02%
8,090
AGNC
Investment
Corp.
............
81
20,981
Annaly
Capital
Management,
Inc.
......
444
4,012
Rithm
Capital
Corp.
................
38
2,689
Starwood
Property
Trust,
Inc.
.........
46
609
Multi-Utilities
—
0.96%
26,123
Ameren
Corp.
....................
2,872
64,378
CenterPoint
Energy,
Inc.
.............
2,779
37,732
CMS
Energy
Corp.
.................
2,927
30,475
Consolidated
Edison,
Inc.
............
3,449
48,267
Dominion
Energy,
Inc.
..............
2,983
19,046
DTE
Energy
Co.
..................
2,785
47,996
NiSource,
Inc.
....................
2,239
26,362
Public
Service
Enterprise
Group,
Inc.
....
2,135
24,301
Sempra
.........................
2,361
27,113
WEC
Energy
Group,
Inc.
............
3,139
27,669
Office
REITs
—
0.05%
1,189
BXP,
Inc.
........................
62
42,889
COPT
Defense
Properties
............
1,312
20
HC
CAPITAL
TRUST
The
Institutional
U.S.
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Office
REITs
(continued)
1,290
Cousins
Properties,
Inc.
.............
$
29
788
Highwoods
Properties,
Inc.
...........
17
881
Kilroy
Realty
Corp.
................
25
1,338
Vornado
Realty
Trust
...............
35
1,480
Oil,
Gas
&
Consumable
Fuels
—
1.77%
2,550
Antero
Midstream
Corp.
.............
58
2,242
Antero
Resources
Corp.(a)
...........
95
2,627
APA
Corp.
.......................
111
9,951
Cheniere
Energy,
Inc.
...............
2,824
40,746
Chevron
Corp.
....................
8,430
474
Chord
Energy
Corp.
................
67
27,585
ConocoPhillips
...................
3,641
13,660
Coterra
Energy,
Inc.
................
480
10,896
Devon
Energy
Corp.
................
548
3,343
Diamondback
Energy,
Inc.
...........
662
816
DT
Midstream,
Inc.
................
110
17,454
EOG
Resources,
Inc.
...............
2,524
10,960
EQT
Corp.
.......................
698
13,991
Expand
Energy
Corp.
...............
1,536
86,643
Exxon
Mobil
Corp.
................
14,698
1,226
HF
Sinclair
Corp.
..................
76
74,075
Kinder
Morgan,
Inc.
................
2,485
6,608
Marathon
Petroleum
Corp.
...........
1,614
902
Matador
Resources
Co.
..............
57
22,784
Occidental
Petroleum
Corp.
..........
1,481
13,756
ONEOK,
Inc.
.....................
1,243
2,546
Ovintiv
,
Inc.
.....................
151
5,569
Permian
Resources
Corp.
............
119
7,116
Phillips
66
.......................
1,297
1,786
Range
Resources
Corp.
..............
81
3,813
Targa
Resources
Corp.
..............
956
1,028
Texas
Pacific
Land
Corp.
............
487
36,767
The
Williams
Cos.,
Inc.
.............
2,676
6,703
Valero
Energy
Corp.
................
1,656
1,312
Viper
Energy,
Inc.,
Class
A
...........
62
50,923
Paper
&
Forest
Products
—
0.00%
485
Louisiana-Pacific
Corp.
.............
35
Passenger
Airlines
—
0.24%
853
Alaska
Air
Group,
Inc.(a)
............
31
4,899
American
Airlines
Group,
Inc.(a)
.......
53
6,697
Delta
Air
Lines,
Inc.
................
446
3,608
Southwest
Airlines
Co.
..............
136
68,523
United
Airlines
Holdings,
Inc.(a)
.......
6,308
6,974
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Personal
Care
Products
—
0.03%
736
BellRing
Brands,
Inc.(a)
.............
$
12
992
Coty,
Inc.,
Class
A(a)
...............
2
406
e.l.f
.
Beauty,
Inc.(a)
................
25
34,007
Kenvue
,
Inc.
.....................
586
4,374
The
Estee
Lauder
Cos.,
Inc.,
Class
A
....
314
939
Pharmaceuticals
—
3.02%
71,158
Bristol-Myers
Squibb
Co.
............
4,316
727
Corcept
Therapeutics,
Inc.(a)
.........
29
3,702
Elanco
Animal
Health,
Inc.(a)
.........
89
22,271
Eli
Lilly
&
Co.
....................
20,482
467
Jazz
Pharmaceuticals
PLC(a)
.........
88
53,592
Johnson
&
Johnson
................
13,101
61,549
Merck
&
Co.,
Inc.
.................
7,404
876,832
Novo
Nordisk
A/S,
ADR
.............
32,223
1,927
Organon
&
Co.
...................
12
1,019
Perrigo
Co.
PLC
..................
11
167,025
Pfizer,
Inc.
.......................
4,691
50,935
Royalty
Pharma
PLC,
Class
A
.........
2,444
9,041
Viatris
,
Inc.
......................
122
14,010
Zoetis,
Inc.,
Class
A
................
1,656
86,668
Professional
Services
—
0.45%
1,232
Amentum
Holdings,
Inc.(a)
...........
32
12,559
Automatic
Data
Processing,
Inc.
.......
2,552
20,451
Booz
Allen
Hamilton
Holding
Corp.,
Class
A
.........................
1,596
8,155
Broadridge
Financial
Solutions,
Inc.
....
1,325
171
CACI
International,
Inc.,
Class
A(a)
....
93
771
Clarivate
PLC(a)
..................
2
322
Concentrix
Corp.
..................
9
2,181
Equifax,
Inc.
.....................
393
1,059
ExlService
Holdings,
Inc.(a)
..........
32
256
FTI
Consulting,
Inc.(a)
..............
45
1,245
Genpact
Ltd.
.....................
46
2,166
Jacobs
Solutions,
Inc.
...............
276
917
KBR,
Inc.
.......................
34
10,316
Leidos
Holdings,
Inc.
...............
1,604
208
ManpowerGroup,
Inc.
..............
6
408
Parsons
Corp.(a)
..................
22
16,401
Paychex,
Inc.
.....................
1,511
388
Paycom
Software,
Inc.
..............
47
349
Paylocity
Holding
Corp.(a)
...........
38
615
Robert
Half,
Inc.
..................
16
363
Science
Applications
International
Corp.
.
34
3,794
SS&C
Technologies
Holdings,
Inc.
.....
256
3,393
TransUnion
......................
235
21
HC
CAPITAL
TRUST
The
Institutional
U.S.
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Professional
Services
(continued)
13,683
Verisk
Analytics,
Inc.,
Class
A
.........
$
2,596
12,800
Real
Estate
Management
&
Development
—
0.23%
5,320
CBRE
Group,
Inc.,
Class
A(a)
.........
720
735,500
Compass,
Inc.,
Class
A(a)
............
5,378
7,420
CoStar
Group,
Inc.(a)
...............
299
254
Howard
Hughes
Holdings,
Inc.(a)
......
16
378
Jones
Lang
LaSalle,
Inc.(a)
...........
115
317
Zillow
Group,
Inc.,
Class
A(a)
.........
13
2,977
Zillow
Group,
Inc.,
Class
C(a)
.........
123
6,664
Residential
REITs
—
0.96%
41,418
American
Homes
4
Rent,
Class
A
......
1,157
7,967
AvalonBay
Communities,
Inc.
.........
1,301
831
Camden
Property
Trust
..............
81
22,323
Centerspace
......................
1,282
33,331
Equity
LifeStyle
Properties,
Inc.
.......
2,080
20,775
Equity
Residential
.................
1,229
20,047
Essex
Property
Trust,
Inc.
............
4,851
54,280
Invitation
Homes,
Inc.
..............
1,349
35,667
Mid-America
Apartment
Communities,
Inc.
4,356
50,268
Sun
Communities,
Inc.
..............
6,333
100,895
UDR,
Inc.
.......................
3,408
27,427
Retail
REITs
—
0.91%
103,267
Acadia
Realty
Trust
................
1,974
891
Agree
Realty
Corp.
................
67
2,262
Brixmor
Property
Group,
Inc.
.........
65
653
Federal
Realty
Investment
Trust
.......
69
36,120
Kimco
Realty
Corp.
................
811
1,447
NNN
REIT,
Inc.
...................
61
71,280
Realty
Income
Corp.
...............
4,361
71,446
Regency
Centers
Corp.
..............
5,407
52,552
Simon
Property
Group,
Inc.
..........
9,803
184,659
The
Macerich
Co.
.................
3,490
26,108
Semiconductors
&
Semiconductor
Equipment
—
6.19%
28,795
Advanced
Micro
Devices,
Inc.(a)
.......
5,858
946
Allegro
MicroSystems
,
Inc.(a)
.........
30
972
Amkor
Technology,
Inc.
.............
44
8,780
Analog
Devices,
Inc.
...............
2,794
14,163
Applied
Materials,
Inc.
..............
4,841
2,291
Astera
Labs,
Inc.(a)
................
251
103,358
Broadcom,
Inc.
...................
31,990
416
Cirrus
Logic,
Inc.(a)
................
60
1,682
Credo
Technology
Group
Holding
Ltd.(a)
158
893
Enphase
Energy,
Inc.(a)
.............
34
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Semiconductors
&
Semiconductor
Equipment
(continued)
2,657
Entegris
,
Inc.
.....................
$
311
1,794
First
Solar,
Inc.(a)
.................
354
757
GLOBALFOUNDRIES,
Inc.(a)
.......
34
79,246
Intel
Corp.(a)
.....................
3,497
2,335
KLA
Corp.
......................
3,438
53,900
Lam
Research
Corp.
................
11,516
1,082
Lattice
Semiconductor
Corp.(a)
........
100
502
MACOM
Technology
Solutions
Holdings,
Inc.(a)
......................
111
15,179
Marvell
Technology,
Inc.
............
1,504
9,652
Microchip
Technology,
Inc.
...........
624
38,543
Micron
Technology,
Inc.
.............
13,022
526
MKS,
Inc.
.......................
121
842
Monolithic
Power
Systems,
Inc.
.......
920
465,325
NVIDIA
Corp.
....................
81,152
2,481
NXP
Semiconductors
N.V.
...........
488
7,115
ON
Semiconductor
Corp.(a)
..........
440
399
Onto
Innovation,
Inc.(a)
.............
82
3,795
Qnity
Electronics,
Inc.
..............
437
657
Qorvo,
Inc.(a)
....................
51
19,069
QUALCOMM,
Inc.
................
2,456
1,120
Skyworks
Solutions,
Inc.
............
60
20,414
Taiwan
Semiconductor
Manufacturing
Co.
Ltd.,
ADR
...................
6,899
2,765
Teradyne,
Inc.
....................
820
16,224
Texas
Instruments,
Inc.
..............
3,150
353
Universal
Display
Corp.
.............
32
177,679
Software
—
4.99%
7,441
Adobe,
Inc.(a)
....................
1,809
169
Appfolio
,
Inc.,
Class
A(a)
............
27
23,906
AppLovin
Corp.,
Class
A(a)
..........
9,514
2,948
Atlassian
Corp.,
Class
A(a)
...........
201
10,638
Aurora
Innovation,
Inc.(a)
............
44
3,758
Autodesk,
Inc.(a)
..................
900
1,218
Bentley
Systems,
Inc.,
Class
B
........
43
630
BILL
Holdings,
Inc.(a)
..............
24
4,860
Cadence
Design
Systems,
Inc.(a)
.......
1,351
4,007
CCC
Intelligent
Solutions
Holdings,
Inc.(a)
24
367
Circle
Internet
Group,
Inc.,
Class
A(a)
...
35
4,432
Crowdstrike
Holdings,
Inc.,
Class
A(a)
..
1,730
5,535
Datadog,
Inc.,
Class
A(a)
............
653
1,551
Docusign
,
Inc.,
Class
A(a)
............
74
449
Dolby
Laboratories,
Inc.,
Class
A
......
27
1,363
Dropbox,
Inc.,
Class
A(a)
............
31
2,271
Dynatrace,
Inc.(a)
.................
84
673
Elastic
N.V.(a)
....................
34
423
Fair
Isaac
Corp.(a)
.................
451
11,234
Fortinet,
Inc.(a)
...................
919
9,560
Gen
Digital,
Inc.
..................
180
1,017
Gitlab,
Inc.,
Class
A(a)
..............
22
22
HC
CAPITAL
TRUST
The
Institutional
U.S.
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Software
(continued)
687
Guidewire
Software,
Inc.(a)
..........
$
103
925
HubSpot,
Inc.(a)
..................
225
4,904
Intuit,
Inc.
.......................
2,121
3,331
IREN
Ltd.(a)
.....................
114
471
Manhattan
Associates,
Inc.(a)
.........
63
224,772
Microsoft
Corp.
...................
83,203
825
nCino
,
Inc.(a)
....................
12
1,984
Nutanix,
Inc.,
Class
A(a)
.............
75
78,625
Oracle
Corp.
.....................
11,566
95,735
Palantir
Technologies,
Inc.,
Class
A(a)
...
14,004
14,199
Palo
Alto
Networks,
Inc.(a)
...........
2,276
628
Pegasystems,
Inc.
..................
27
886
Procore
Technologies,
Inc.(a)
.........
51
2,116
PTC,
Inc.(a)
......................
302
475
RingCentral,
Inc.,
Class
A
............
18
4,214
Roper
Technologies,
Inc.
.............
1,491
1,046
Rubrik,
Inc.,
Class
A(a)
.............
51
465
SailPoint,
Inc.(a)
..................
6
16,684
Salesforce,
Inc.
...................
3,114
5,840
Samsara,
Inc.,
Class
A(a)
............
185
2,117
SentinelOne
,
Inc.,
Class
A(a)
..........
27
18,335
ServiceNow,
Inc.(a)
................
1,917
4,670
Strategy,
Inc.,
Class
A(a)
.............
583
3,357
Synopsys,
Inc.(a)
..................
1,331
620
Teradata
Corp.(a)
..................
16
4,247
Trimble,
Inc.(a)
...................
277
1,719
Tyler
Technologies,
Inc.(a)
...........
588
2,973
UiPath,
Inc.,
Class
A(a)
.............
33
2,463
Unity
Software,
Inc.(a)
..............
54
3,830
Workday,
Inc.,
Class
A(a)
............
498
4,514
Zoom
Communications,
Inc.,
Class
A(a)
.
363
1,825
Zscaler,
Inc.(a)
....................
256
143,127
Specialized
REITs
—
1.70%
20,533
American
Tower
Corp.
..............
3,544
29,770
Crown
Castle,
Inc.
.................
2,421
1,695
CubeSmart
......................
62
29,749
Digital
Realty
Trust,
Inc.
.............
5,362
561
EPR
Properties
...................
28
16,654
Equinix,
Inc.
.....................
16,324
9,923
Extra
Space
Storage,
Inc.
............
1,301
524
Fermi,
Inc.(a)
.....................
3
40,906
Gaming
and
Leisure
Properties,
Inc.
....
1,816
5,339
Iron
Mountain,
Inc.
................
546
694
Lamar
Advertising
Co.,
Class
A
........
88
1,190
Millrose
Properties,
Inc.
.............
33
44,448
National
Storage
Affiliates
Trust
.......
1,677
88,534
Outfront
Media,
Inc.
................
2,346
30,648
Public
Storage
....................
8,300
3,445
Rayonier,
Inc.
....................
71
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Specialized
REITs
(continued)
11,650
SBA
Communications
Corp.,
Class
A
....
$
2,005
74,069
VICI
Properties,
Inc.,
Class
A
.........
2,024
39,719
Weyerhaeuser
Co.
.................
971
48,922
Specialty
Retail
—
1.16%
213
AutoNation,
Inc.(a)
................
42
837
AutoZone,
Inc.(a)
..................
2,827
1,527
Bath
&
Body
Works,
Inc.
............
29
3,484
Best
Buy
Co.,
Inc.
.................
224
1,113
Burlington
Stores,
Inc.(a)
............
362
1,085
CarMax,
Inc.(a)
...................
45
23,589
Carvana
Co.,
Class
A(a)
.............
7,415
1,618
Chewy,
Inc.,
Class
A(a)
.............
44
1,120
Dick's
Sporting
Goods,
Inc.
...........
223
438
Five
Below,
Inc.(a)
.................
100
823
Floor
&
Decor
Holdings,
Inc.,
Class
A(a)
.
42
3,171
GameStop
Corp.,
Class
A(a)
..........
73
187
Lithia
Motors,
Inc.,
Class
A
...........
47
11,804
Lowe's
Cos.,
Inc.
..................
2,789
139
Murphy
USA,
Inc.
.................
69
37,285
O'Reilly
Automotive,
Inc.(a)
..........
3,441
152
Penske
Automotive
Group,
Inc.
........
23
123
RH(a)
..........................
17
8,883
Ross
Stores,
Inc.
..................
1,925
1,602
The
Gap,
Inc.
.....................
39
19,259
The
Home
Depot,
Inc.
..............
6,332
29,085
The
TJX
Cos.,
Inc.
.................
4,644
28,334
Tractor
Supply
Co.
.................
1,284
1,291
Ulta
Beauty,
Inc.(a)
................
675
995
Valvoline,
Inc.(a)
..................
34
737
Wayfair,
Inc.,
Class
A(a)
.............
55
2,086
Williams-Sonoma,
Inc.
..............
381
33,181
Technology
Hardware,
Storage
&
Peripherals
—
3.25%
288,643
Apple,
Inc.
......................
73,257
5,635
Dell
Technologies,
Inc.,
Class
C
.......
925
5,450
Everpure
,
Inc.,
Class
A(a)
............
322
23,514
Hewlett
Packard
Enterprise
Co.
........
560
16,630
HP,
Inc.
.........................
319
2,926
IonQ
,
Inc.(a)
.....................
84
3,568
NetApp,
Inc.
.....................
365
1,071
Sandisk
Corp.(a)
..................
680
20,054
Seagate
Technology
Holdings
PLC
.....
7,856
9,107
Super
Micro
Computer,
Inc.(a)
........
207
32,247
Western
Digital
Corp.
...............
8,722
93,297
Textiles,
Apparel
&
Luxury
Goods
—
0.66%
1,154
Amer
Sports,
Inc.(a)
................
38
23
HC
CAPITAL
TRUST
The
Institutional
U.S.
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Textiles,
Apparel
&
Luxury
Goods
(continued)
404
Birkenstock
Holding
PLC(a)
..........
$
14
201
Columbia
Sportswear
Co.
............
11
394
Crocs,
Inc.(a)
.....................
33
2,616
Deckers
Outdoor
Corp.(a)
............
262
1,904
Lululemon
Athletica,
Inc.(a)
..........
292
150,900
LVMH
Moet
Hennessy
Louis
Vuitton
SE,
ADR
.......................
16,485
21,037
NIKE,
Inc.,
Class
B
................
1,111
1,705
On
Holding
AG,
Class
A(a)
...........
58
357
PVH
Corp.
......................
25
307
Ralph
Lauren
Corp.,
Class
A
..........
106
3,640
Tapestry,
Inc.
.....................
513
1,429
Under
Armour
,
Inc.,
Class
A(a)
........
8
1,440
Under
Armour
,
Inc.,
Class
C(a)
........
8
2,652
VF
Corp.
........................
45
19,009
Tobacco
—
0.63%
68,783
Altria
Group,
Inc.
..................
4,539
81,178
Philip
Morris
International,
Inc.
........
13,422
17,961
Trading
Companies
&
Distributors
—
0.64%
48,393
AerCap
Holdings
N.V.
..............
6,639
340
AerCap
Holdings
N.V.
..............
47
788
Air
Lease
Corp.,
Class
A
.............
51
295
Applied
Industrial
Technologies,
Inc.
....
78
131,228
Core
&
Main,
Inc.,
Class
A(a)
.........
6,483
38,432
Fastenal
Co.
......................
1,783
3,452
Ferguson
Enterprises,
Inc.
............
805
350
MSC
Industrial
Direct
Co.,
Inc.,
Class
A
.
32
4,606
QXO,
Inc.(a)
.....................
89
337
SiteOne
Landscape
Supply,
Inc.(a)
......
45
1,121
United
Rentals,
Inc.
................
817
1,167
W.W.
Grainger,
Inc.
................
1,273
622
Watsco
,
Inc.
......................
226
388
WESCO
International,
Inc.
...........
106
18,474
Water
Utilities
—
0.11%
23,446
American
Water
Works
Co.,
Inc.
.......
3,191
2,133
Essential
Utilities,
Inc.
..............
86
3,277
Wireless
Telecommunication
Services
—
0.14%
795
Millicom
International
Cellular
SA
.....
60
18,900
T-Mobile
US,
Inc.
.................
3,969
4,029
Total
Common
Stocks
(cost
$1,288,948)
1,930,734
Shares
Security
Description
Value
(000)
Contingent
Rights
—
0.00%
Biotechnology
—
0.00%
338
Mirati
Therapeutics
CVR,
1/4/27(a)(c)
...
$
—
14
Oncternal
Therapeutics,
Inc.
CVR,
6/10/34(a)(c)
.................
—
—
Financial
Services
—
0.00%
5,443
Sycamore
Partners
LLC
CVR,
8/29/29(a)(c)
—
Total
Contingent
Rights
(cost
$–)
.....
—
Investment
Companies
—
30.15%
Domestic
Equity
Funds
—
6.24%
36,010
iShares
Core
S&P
500
ETF
...........
23,522
211,260
iShares
Core
S&P
Total
U.S.
Stock
Market
ETF
.......................
30,090
11,043
iShares
Russell
1000
ETF
............
3,937
500,000
State
Street
SPDR
S&P
Homebuilders
ETF
49,360
70,445
Vanguard
S&P
500
ETF
.............
42,094
93,660
Vanguard
Total
Stock
Market
ETF
......
30,047
179,050
International
Equity
Funds
—
10.54%
2,063,400
Vanguard
FTSE
Developed
Markets
ETF
.
132,223
2,066,500
Vanguard
FTSE
Europe
ETF
..........
170,342
302,565
Money
Market
Funds
—
13.37%
118,807
Federated
Hermes
Treasury
Obligations
Fund,
Institutional
Shares,
3.53%^^(d)
119
383,677,042
State
Street
Institutional
Treasury
Plus
Money
Market
Fund,
Trust
Class,
3.55%(d)
....................
383,677
383,796
Total
Investment
Companies
(cost
$764,955)
.......................
865,411
Purchased
Options
on
Futures
—
0.00%
Total
Purchased
Options
on
Futures
(cost
$92)
...........................
3
Total
Investments
(cost
$2,053,995)
—
97.43%
.....................
2,796,148
Other
assets
in
excess
of
liabilities
—
2.57%
......................
73,711
Net
Assets
-
100.00%
..............
$
2,869,859
Amounts
designated
as
"—"
are
$0
or
have
been
rounded
to
$0.
^
All
or
part
of
this
security
was
on
loan
as
of
March
31,
2026.
24
HC
CAPITAL
TRUST
The
Institutional
U.S.
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
The
following
table
reflects
the
percentage
of
total
net
assets
of
the
Portfolio
attributable
to
each
Specialist
Manager
as
of
March
31,
2026
.
^^
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,
2026.
(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,
2026.
(d)
Annualized
7-day
yield
as
of
period-end.
ADR—American
Depositary
Receipt
ETF
—
Exchange-Traded
Fund
PLC
—
Public
Limited
Company
REIT—Real
Estate
Investment
Trust
The
Institutional
U.S.
Equity
Portfolio
Mellon
Investments
Corporation
Parametric
Portfolio
Associates,
LLC
Wellington
Management
Company,
LLC
RhumbLine
Advisers
Total
Common
Stocks
......................................................................................................
43.60
%
2.70
%
4.62
%
16.36
%
67.28
%
Contingent
Rights
...................................................................................................
—
—
—
—
—
%
Investment
Companies
............................................................................................
0.02
%
29.90
%
0.07
%
0.16
%
30.15
%
Purchased
Options
on
Futures
................................................................................
—
—
—
—
—
%
Other
Assets
(Liabilities)
........................................................................................
0.07
%
2.50
%
—
—
2.57
%
Total
Net
Assets
.................................................................................................
43.69
%
35.10
%
4.69
%
16.52
%
100.00
%
The
following
table
reflects
the
open
derivative
positions
held
by
the
Portfolio
as
of
March
31,
2026
.
Futures
Contracts
Purchased
*
Description
Number
of
Contracts
Expiration
Date
Notional
Amount
(000)
Value
and
Unrealized
Appreciation/
(Depreciation)
(000)
E-Mini
Russell
2000
Index
Future
.................
70
6/18/26
$
8,793
$
54
E-Mini
S&P
500
Future
.........................
1,495
6/18/26
491,163
(11,261)
Japanese
Yen
Currency
Future
....................
400
6/15/26
31,670
(121)
$
531,626
$
(11,328)
Total
Unrealized
Appreciation
.....................
$
54
Total
Unrealized
Depreciation
.....................
(11,382)
Total
Net
Unrealized
Appreciation/(Depreciation)
.......
$
(11,328)
*
Cash
has
been
pledged
as
collateral
for
futures
contracts
held
by
the
Portfolio.
25
HC
CAPITAL
TRUST
The
Institutional
U.S.
Equity
Portfolio
Portfolio
of
Investments
(concluded)
—
March
31,
2026
(Unaudited)
Options
on
Futures
Contracts
Exchange-traded
options
on
futures
contacts
written
as
of
March
31,
2026
were
as
follows:
Description
Put/Call
Number
of
Contracts
Notional
Amount
(000)
Exercise
Price
Expiration
Date
Value
(000)
Japanese
Yen
Future
Option
...............
Put
100
$
7,875
$
63.00
5/8/26
$
(76)
Japanese
Yen
Future
Option
...............
Put
200
15,875
63.50
5/8/26
(215)
Japanese
Yen
Future
Option
...............
Put
100
7,750
62.00
6/5/26
(61)
Japanese
Yen
Future
Option
...............
Put
200
15,750
63.00
6/5/26
(213)
Japanese
Yen
Future
Option
...............
Put
100
7,813
62.50
6/5/26
(81)
$
(646)
Exchanged-traded
options
on
futures
contacts
purchased
as
of
March
31,
2026
were
as
follows:
Description
Put/Call
Number
of
Contracts
Notional
Amount
(000)
Exercise
Price
Expiration
Date
Value
(000)
Japanese
Yen
Future
Option
...............
Call
100
$
8,250
$
66.00
4/2/26
$
1
Japanese
Yen
Future
Option
...............
Call
100
8,125
65.00
4/2/26
2
$
3
Centrally
Cleared
Swap
Agreements(a)
Credit
Default
Swap
Agreements
-
Buy
Protection
Underlying
Instrument
Payment
Frequency
Fixed
Deal
Pay
Rate
(%)
Maturity
Date
Implied
Credit
Spread
at
March
31,
2026
(%)(b)
Notional
Amount
(000)(c)
Value
(000)
Premiums
Paid/
(Received)
(000)
Unrealized
Appreciation/
(Depreciation)
(000)
CDX
High
Yield
Index
Swap
Agreement,
Series
46
Daily
5.00
6/20/2031
3.87
$
297,000
$
(14,336)
$
(11,751)
$
(2,585)
$
(14,336)
$
(11,751)
$
(2,585)
(a)
When
a
credit
event
occurs
as
defined
under
the
terms
of
the
swap
agreement,
the
Fund
as
a
buyer
of
credit
protection
will
either
(
i
)
receive
from
the
seller
of
protection
an
amount
equal
to
the
par
value
of
the
defaulted
reference
entity
and
deliver
the
reference
entity
or
(ii)
receive
a
net
amount
equal
to
the
par
value
of
the
defaulted
reference
entity
less
its
recovery
value.
(b)
Implied
credit
spread,
represented
in
absolute
terms,
utilized
in
determining
the
value
of
the
credit
default
swap
agreements
as
of
period
end
will
serve
as
an
indicator
of
the
current
status
of
the
payment/performance
risk
and
represent
the
likelihood
or
risk
of
default
or
other
credit
event
for
the
credit
derivative.
The
implied
credit
spread
of
a
referenced
entity
reflects
the
cost
of
buying/selling
protection
and
may
include
payments
required
to
be
made
to
enter
into
the
agreement.
Generally,
wider
credit
spreads
represent
a
perceived
deterioration
of
the
referenced
entity's
credit
soundness
and
a
greater
likelihood
or
risk
of
default
or
other
credit
event
occurring
as
defined
under
the
terms
of
the
swap
agreement.
(c)
The
notional
amount
represents
the
maximum
potential
amount
the
Fund
may
receive
as
a
buyer
of
credit
protection
if
a
credit
event
occurs,
as
defined
under
the
terms
of
the
swap
agreement,
for
each
security
included
in
the
CDX
North
America
High
Yield
Index.
HC
CAPITAL
TRUST
The
ESG
Growth
Portfolio
Portfolio
of
Investments
—
March
31,
2026
(Unaudited)
26
Shares
Security
Description
Value
(000)
Common
Stocks
—
98.94%
Australia
—
1.74%
4,158
ANZ
Group
Holdings
Ltd.
(Banks)
.....
$
105
1,892
APA
Group
(Gas
Utilities)
...........
13
853
Aristocrat
Leisure
Ltd.
(Hotels,
Restaurants
&
Leisure)
...................
27
288
ASX
Ltd.
(Capital
Markets)
..........
10
247
Atlassian
Corp.,
Class
A
(Software)(a)
...
17
7,157
BHP
Group
Ltd.
(Metals
&
Mining)
.....
259
1,882
Brambles
Ltd.
(Commercial
Services
&
Supplies)
....................
30
562
CAR
Group
Ltd.
(Interactive
Media
&
Services)
....................
9
99
Cochlear
Ltd.
(Health
Care
Equipment
&
Supplies)
....................
12
1,780
Coles
Group
Ltd.
(Consumer
Staples
Distribution
&
Retail)
...........
27
2,356
Commonwealth
Bank
of
Australia
(Banks)
277
801
Computershare
Ltd.
(Professional
Services)
16
676
CSL
Ltd.
(Biotechnology)
............
66
2,795
Evolution
Mining
Ltd.
(Metals
&
Mining)
25
2,337
Fortescue
Ltd.
(Metals
&
Mining)
......
33
2,836
Goodman
Group
(Industrial
REITs)
.....
51
2,965
Insurance
Australia
Group
Ltd.
(Insurance)
15
1,348
Lynas
Rare
Earths
Ltd.
(Metals
&
Mining)
(a)
........................
18
504
Macquarie
Group
Ltd.
(Capital
Markets)
.
72
4,104
Medibank
Pvt
Ltd.
(Insurance)
........
12
4,266
National
Australia
Bank
Ltd.
(Banks)
....
123
1,879
Northern
Star
Resources
Ltd.
(Metals
&
Mining)(b)
..................
27
2,606
Origin
Energy
Ltd.
(Electric
Utilities)
...
22
87
Pro
Medicus
Ltd.
(Health
Care
Technology)
7
1,080
Qantas
Airways
Ltd.
(Passenger
Airlines)
.
6
2,044
QBE
Insurance
Group
Ltd.
(Insurance)
..
30
78
REA
Group
Ltd.
(Interactive
Media
&
Services)
....................
9
532
Rio
Tinto
Ltd.
(Metals
&
Mining)
......
60
4,937
Santos
Ltd.
(Oil,
Gas
&
Consumable
Fuels)
(b)
........................
27
7,476
Scentre
Group
(Retail
REITs)
.........
17
207
SGH
Ltd.
(Trading
Companies
&
Distributors)
.................
6
7,398
Sigma
Healthcare
Ltd.
(Health
Care
Providers
&
Services)
...........
14
693
Sonic
Healthcare
Ltd.
(Health
Care
Providers
&
Services)
...........
10
5,772
South32
Ltd.
(Metals
&
Mining)
.......
17
3,420
Stockland
(Diversified
REITs)
.........
10
1,334
Suncorp
Group
Ltd.
(Insurance)
.......
15
5,964
Telstra
Group
Ltd.
(Diversified
Telecommunication
Services)
.....
22
3,206
The
Lottery
Corp.
Ltd.
(Hotels,
Restaurants
&
Leisure)
...................
12
4,319
Transurban
Group
(Transportation
Infrastructure)
................
42
5,022
Vicinity
Ltd.
(Retail
REITs)(b)
........
8
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Australia
(continued)
337
Washington
H
Soul
Pattinson
&
Co.
Ltd.
(Financial
Services)
............
$
9
1,590
Wesfarmers
Ltd.
(Broadline
Retail)
.....
81
4,770
Westpac
Banking
Corp.
(Banks)
.......
132
284
WiseTech
Global
Ltd.
(Software)
.......
8
2,635
Woodside
Energy
Group
Ltd.
(Oil,
Gas
&
Consumable
Fuels)
.............
63
1,691
Woolworths
Group
Ltd.
(Consumer
Staples
Distribution
&
Retail)
...........
43
1,914
Austria
—
0.08%
78
BAWAG
Group
AG
(Banks)(a)(b)
......
12
431
Erste
Group
Bank
AG
(Banks)(b)
......
46
218
OMV
AG
(Oil,
Gas
&
Consumable
Fuels)
16
183
Raiffeisen
Bank
International
AG
(Banks)(a)
(b)
........................
8
101
Verbund
AG
(Electric
Utilities)
........
8
90
Belgium
—
0.23%
210
Ageas
SA/N.V.
(Insurance)(b)
.........
15
1,372
Anheuser-Busch
InBev
SA/N.V.
(Beverages)
..................
96
35
D'ieteren
Group
(Distributors)
.........
6
77
Elia
Group
SA/N.V.,
Class
B
(Electric
Utilities)(a)(b)
................
12
123
Groupe
Bruxelles
Lambert
N.V.
(Financial
Services)
....................
11
322
KBC
Group
N.V.
(Banks)
............
39
1
Lotus
Bakeries
N.V.
(Food
Products)(b)
..
11
19
Sofina
SA
(Financial
Services)
........
5
108
Syensqo
SA
(Chemicals)
.............
6
177
UCB
SA
(Pharmaceuticals)
...........
54
255
Bermuda
—
0.06%
523
Arch
Capital
Group
Ltd.
(Insurance)(a)
..
50
65
Everest
Group
Ltd.
(Insurance)
........
21
71
Canada
—
3.62%
698
Agnico
Eagle
Mines
Ltd.
(Metals
&
Mining)
142
575
Alamos
Gold,
Inc.
(Metals
&
Mining)
...
26
1,038
Alimentation
Couche-Tard,
Inc.
(Consumer
Staples
Distribution
&
Retail)
.....
59
354
AltaGas
Ltd.
(Gas
Utilities)
...........
12
873
ARC
Resources
Ltd.
(Oil,
Gas
&
Consumable
Fuels)
.............
18
222
AtkinsRealis
Group,
Inc.
(Construction
&
Engineering)
.................
14
995
Bank
of
Montreal
(Banks)
............
135
2,361
Barrick
Mining
Corp.
(Metals
&
Mining)
.
97
27
HC
CAPITAL
TRUST
The
ESG
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Canada
(continued)
68
BCE,
Inc.
(Diversified
Telecommunication
Services)
....................
$
2
142
Bombardier,
Inc.,
Class
B
(Aerospace
&
Defense)(a)(b)
................
25
2,857
Brookfield
Corp.
(Capital
Markets)
.....
116
372
CAE,
Inc.
(Aerospace
&
Defense)(a)
....
10
606
Cameco
Corp.
(Oil,
Gas
&
Consumable
Fuels)
......................
66
1,291
Canadian
Imperial
Bank
of
Commerce
(Banks)
.....................
122
724
Canadian
National
Railway
Co.
(Ground
Transportation)
...............
75
2,972
Canadian
Natural
Resources
Ltd.
(Oil,
Gas
&
Consumable
Fuels)
...........
145
1,257
Canadian
Pacific
Kansas
City
Ltd.
(Ground
Transportation)
...............
99
49
Canadian
Tire
Corp.
Ltd.,
Class
A
(Broadline
Retail)
.............
7
191
Canadian
Utilities
Ltd.,
Class
A
(Multi-
Utilities)
....................
7
160
Celestica,
Inc.
(Electronic
Equipment,
Instruments
&
Components)(a)
....
45
1,910
Cenovus
Energy,
Inc.
(Oil,
Gas
&
Consumable
Fuels)
.............
51
266
CGI,
Inc.
(IT
Services)
..............
19
28
Constellation
Software,
Inc.
(Software)
..
49
385
Dollarama,
Inc.
(Broadline
Retail)
......
47
599
Element
Fleet
Management
Corp.
(Commercial
Services
&
Supplies)(b)
13
449
Emera,
Inc.
(Electric
Utilities)
.........
23
193
Empire
Co.
Ltd.,
Class
A
(Consumer
Staples
Distribution
&
Retail)
...........
7
3,096
Enbridge,
Inc.
(Oil,
Gas
&
Consumable
Fuels)
......................
168
29
Fairfax
Financial
Holdings
Ltd.
(Insurance)
49
952
First
Quantum
Minerals
Ltd.
(Metals
&
Mining)(a)
...................
23
60
FirstService
Corp.,
Class
WI
(Real
Estate
Management
&
Development)
.....
8
692
Fortis,
Inc.
(Electric
Utilities)
.........
39
277
Franco-Nevada
Corp.
(Metals
&
Mining)
.
69
261
George
Weston
Ltd.
(Consumer
Staples
Distribution
&
Retail)
...........
18
348
GFL
Environmental,
Inc.
(Commercial
Services
&
Supplies)
...........
15
218
Gildan
Activewear,
Inc.
(Textiles,
Apparel
&
Luxury
Goods)
...............
12
356
Great-West
Lifeco,
Inc.
(Insurance)
.....
17
499
Hydro
One
Ltd.
(Electric
Utilities)(b)
....
21
142
iA
Financial
Corp.,
Inc.
(Insurance)
.....
16
120
IGM
Financial,
Inc.
(Capital
Markets)
...
6
240
Imperial
Oil
Ltd.
(Oil,
Gas
&
Consumable
Fuels)
......................
31
248
Intact
Financial
Corp.
(Insurance)(b)
....
45
1,114
Ivanhoe
Mines
Ltd.,
Class
A
(Metals
&
Mining)(a)
...................
10
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Canada
(continued)
348
Keyera
Corp.
(Oil,
Gas
&
Consumable
Fuels)
......................
$
13
1,677
Kinross
Gold
Corp.
(Metals
&
Mining)
..
51
827
Loblaw
Cos.
Ltd.
(Consumer
Staples
Distribution
&
Retail)
...........
38
151
Lululemon
Athletica,
Inc.
(Textiles,
Apparel
&
Luxury
Goods)(a)
............
23
185
Lundin
Gold,
Inc.
(Metals
&
Mining)(b)
.
14
941
Lundin
Mining
Corp.
(Metals
&
Mining)(b)
23
338
Magna
International,
Inc.
(Automobile
Components)
.................
19
2,366
Manulife
Financial
Corp.
(Insurance)
....
82
314
Metro,
Inc.,
Class
A
(Consumer
Staples
Distribution
&
Retail)
...........
21
542
National
Bank
of
Canada
(Banks)
......
70
675
Nutrien
Ltd.
(Chemicals)
............
51
393
Open
Text
Corp.
(Software)(b)
........
9
580
Pan
American
Silver
Corp.
(Metals
&
Mining)
.....................
32
879
Pembina
Pipeline
Corp.
(Oil,
Gas
&
Consumable
Fuels)
.............
39
773
Power
Corp.
of
Canada
(Insurance)
.....
37
532
Rogers
Communications,
Inc.,
Class
B
(Wireless
Telecommunication
Services)
....................
20
1,972
Royal
Bank
of
Canada
(Banks)
........
320
366
Saputo,
Inc.
(Food
Products)(b)
........
11
1,730
Shopify,
Inc.,
Class
A
(IT
Services)(a)
...
205
139
Stantec,
Inc.
(Construction
&
Engineering)
12
783
Sun
Life
Financial,
Inc.
(Insurance)
.....
49
1,684
Suncor
Energy,
Inc.
(Oil,
Gas
&
Consumable
Fuels)
.............
111
1,448
TC
Energy
Corp.
(Oil,
Gas
&
Consumable
Fuels)
......................
91
631
Teck
Resources
Ltd.,
Class
B
(Metals
&
Mining)
.....................
33
737
TELUS
Corp.
(Diversified
Telecommunication
Services)
.....
9
94
TFI
International,
Inc.
(Ground
Transportation)
...............
10
1,766
The
Bank
of
Nova
Scotia
(Banks)
......
122
128
The
Descartes
Systems
Group,
Inc.
(Software)(a)
.................
9
2,400
The
Toronto-Dominion
Bank
(Banks)
...
224
236
Thomson
Reuters
Corp.
(Professional
Services)
....................
21
320
TMX
Group
Ltd.
(Capital
Markets)
.....
11
124
Toromont
Industries
Ltd.
(Trading
Companies
&
Distributors)
.......
17
536
Tourmaline
Oil
Corp.
(Oil,
Gas
&
Consumable
Fuels)
.............
26
356
Waste
Connections,
Inc.
(Commercial
Services
&
Supplies)
...........
58
631
Wheaton
Precious
Metals
Corp.
(Metals
&
Mining)
.....................
83
28
HC
CAPITAL
TRUST
The
ESG
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Canada
(continued)
1,502
Whitecap
Resources,
Inc.
(Oil,
Gas
&
Consumable
Fuels)
.............
$
17
180
WSP
Global,
Inc.
(Construction
&
Engineering)(b)
...............
28
3,987
Chile
—
0.02%
594
Antofagasta
PLC
(Metals
&
Mining)
....
27
China
—
0.01%
3,900
Yangzijiang
Shipbuilding
Holdings
Ltd.
(Machinery)
.................
12
Denmark
—
0.43%
5
A.P.
Moller
-
Maersk
A/S,
Class
A
(Marine
Transportation)
...............
12
5
A.P.
Moller
-
Maersk
A/S,
Class
B
(Marine
Transportation)^
...............
12
143
Carlsberg
A/S,
Class
B
(Beverages)
.....
18
191
Coloplast
A/S,
Class
B
(Health
Care
Equipment
&
Supplies)
.........
13
975
Danske
Bank
A/S
(Banks)
............
48
131
Demant
A/S
(Health
Care
Equipment
&
Supplies)(a)
..................
4
283
DSV
A/S
(Air
Freight
&
Logistics)
.....
68
83
Genmab
A/S
(Biotechnology)(a)(b)
.....
22
4,568
Novo
Nordisk
A/S,
Class
B
(Pharmaceuticals)
.............
168
475
Novonesis
Novozymes
B
(Chemicals)
...
28
795
Orsted
A/S
(Independent
Power
and
Renewable
Electricity
Producers)(a)(b)
20
82
Pandora
A/S
(Textiles,
Apparel
&
Luxury
Goods)
.....................
6
80
ROCKWOOL
A/S,
Class
B
(Building
Products)
....................
2
526
Tryg
A/S
(Insurance)(b)
.............
13
1,397
Vestas
Wind
Systems
A/S
(Electrical
Equipment)
..................
42
476
Finland
—
0.31%
201
Elisa
Oyj
(Diversified
Telecommunication
Services)
....................
10
635
Fortum
Oyj
(Electric
Utilities)^
........
16
386
Kesko
Oyj,
Class
B
(Consumer
Staples
Distribution
&
Retail)
...........
9
463
Kone
Oyj,
Class
B
(Machinery)
........
30
920
Metso
Oyj
(Machinery)(b)
...........
16
632
Neste
Oyj
(Oil,
Gas
&
Consumable
Fuels)
21
7,239
Nokia
Oyj
(Communications
Equipment)
.
58
4,319
Nordea
Bank
Abp
(Banks)
...........
73
141
Orion
Oyj,
Class
B
(Pharmaceuticals)
...
11
3,289
Sampo
Oyj,
A
Shares
(Insurance)
......
35
950
Stora
Enso
Oyj,
Class
R
(Paper
&
Forest
Products)
....................
11
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Finland
(continued)
770
UPM-Kymmene
Oyj
(Paper
&
Forest
Products)
....................
$
24
661
Wartsila
Oyj
Abp
(Machinery)
.........
25
339
France
—
2.55%
283
Accor
SA
(Hotels,
Restaurants
&
Leisure)
14
42
Aeroports
de
Paris
SA
(Transportation
Infrastructure)
................
5
807
Air
Liquide
SA
(Chemicals)
..........
167
828
Airbus
SE
(Aerospace
&
Defense)
......
157
522
Alstom
SA
(Machinery)(a)
...........
15
72
Amundi
SA
(Capital
Markets)(b)
.......
6
2,422
AXA
SA
(Insurance)
...............
111
275
Ayvens
SA
(Ground
Transportation)(b)
..
3
60
BioMerieux
(Health
Care
Equipment
&
Supplies)
....................
6
1,400
BNP
Paribas
SA
(Banks)
.............
133
1,012
Bollore
SE
(Oil,
Gas
&
Consumable
Fuels)
6
281
Bouygues
SA
(Construction
&
Engineering)
16
466
Bureau
Veritas
SA
(Professional
Services)
14
213
Capgemini
SE
(IT
Services)
..........
25
796
Carrefour
SA
(Consumer
Staples
Distribution
&
Retail)(b)
........
15
615
Cie
de
Saint-Gobain
SA
(Building
Products)
51
919
Cie
Generale
des
Etablissements
Michelin
SCA
(Automobile
Components)
...
31
78
Covivio
SA
(Diversified
REITs)
.......
5
1,608
Credit
Agricole
SA
(Banks)
...........
30
899
Danone
SA
(Food
Products)
..........
72
1,005
Dassault
Systemes
SE
(Software)
......
20
100
Eiffage
SA
(Construction
&
Engineering)(b)
15
2,550
Engie
SA
(Multi-Utilities)
............
82
419
EssilorLuxottica
SA
(Health
Care
Equipment
&
Supplies)
.........
98
61
Gecina
SA
(Office
REITs)(b)
..........
5
390
Getlink
SE
(Transportation
Infrastructure)
8
44
Hermes
International
SCA
(Textiles,
Apparel
&
Luxury
Goods)
..............
83
54
Ipsen
SA
(Pharmaceuticals)
...........
10
102
Kering
SA
(Textiles,
Apparel
&
Luxury
Goods)
.....................
31
304
Klepierre
SA
(Retail
REITs)
..........
11
364
Legrand
SA
(Electrical
Equipment)
.....
57
342
L'Oreal
SA
(Personal
Care
Products)
....
140
347
LVMH
Moet
Hennessy
Louis
Vuitton
SE
(Textiles,
Apparel
&
Luxury
Goods)
190
2,607
Orange
SA
(Diversified
Telecommunication
Services)(b)
..................
53
301
Pernod
Ricard
SA
(Beverages)
........
22
303
Publicis
Groupe
SA
(Media)
..........
25
334
Rexel
SA
(Trading
Companies
&
Distributors)
.................
13
503
Safran
SA
(Aerospace
&
Defense)
......
165
29
HC
CAPITAL
TRUST
The
ESG
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
France
(continued)
1,539
Sanofi
SA
(Pharmaceuticals)
..........
$
149
44
Sartorius
Stedim
Biotech
(Life
Sciences
Tools
&
Services)
..............
9
774
Schneider
Electric
SE
(Electrical
Equipment)(b)
................
211
985
Societe
Generale
SA
(Banks)
.........
72
131
Sodexo
SA
(Hotels,
Restaurants
&
Leisure)
7
129
Thales
SA
(Aerospace
&
Defense)
......
38
2,763
TotalEnergies
SE
(Oil,
Gas
&
Consumable
Fuels)
......................
253
150
Unibail-Rodamco-Westfield
(Retail
REITs)
17
874
Veolia
Environnement
SA
(Multi-Utilities)
33
693
Vinci
SA
(Construction
&
Engineering)
..
104
2,803
Germany
—
2.32%
235
adidas
AG
(Textiles,
Apparel
&
Luxury
Goods)
.....................
38
540
Allianz
SE,
Registered
Shares
(Insurance)
229
1,249
BASF
SE
(Chemicals)
..............
77
1,371
Bayer
AG,
Registered
Shares
(Pharmaceuticals)
.............
63
399
Bayerische
Motoren
Werke
AG
(Automobiles)
................
37
88
Bayerische
Motoren
Werke
AG,
Preference
Shares
(Automobiles)
...........
8
147
Beiersdorf
AG
(Personal
Care
Products)
..
13
183
Brenntag
SE
(Trading
Companies
&
Distributors)
.................
12
1,019
Commerzbank
AG
(Banks)
...........
37
165
Continental
AG
(Automobile
Components)
12
93
CTS
Eventim
AG
&
Co.
KGaA
(Entertainment)(b)
.............
5
658
Daimler
Truck
Holding
AG
(Machinery)
.
32
179
Delivery
Hero
SE,
Class
A
(Hotels,
Restaurants
&
Leisure)(a)(b)
......
3
2,577
Deutsche
Bank
AG,
Registered
Shares
(Capital
Markets)
..............
77
263
Deutsche
Boerse
AG
(Capital
Markets)
..
77
848
Deutsche
Lufthansa
AG,
Registered
Shares
(Passenger
Airlines)(b)
..........
7
1,336
Deutsche
Post
AG
(Air
Freight
&
Logistics)
70
5,212
Deutsche
Telekom
AG
(Diversified
Telecommunication
Services)(b)
...
195
168
Dr.
Ing.
h.c.
F.
Porsche
AG,
Preference
Shares
(Automobiles)
...........
8
3,137
E.ON
SE
(Multi-Utilities)
............
69
320
Evonik
Industries
AG
(Chemicals)
......
6
311
Fresenius
Medical
Care
AG
(Health
Care
Providers
&
Services)
...........
14
580
Fresenius
SE
&
Co.
KGaA
(Health
Care
Providers
&
Services)
...........
30
185
GEA
Group
AG
(Machinery)
.........
13
79
Hannover
Rueck
SE
(Insurance)
.......
25
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Germany
(continued)
187
Heidelberg
Materials
AG
(Construction
Materials)(b)
.................
$
39
159
Henkel
AG
&
Co.
KGaA
(Household
Products)
....................
11
209
Henkel
AG
&
Co.
KGaA,
Preference
Shares
(Household
Products)
...........
16
103
Hensoldt
AG
(Aerospace
&
Defense)
....
9
20
HOCHTIEF
AG
(Construction
&
Engineering)
.................
9
1,830
Infineon
Technologies
AG
(Semiconductors
&
Semiconductor
Equipment)(b)
...
83
107
Knorr-Bremse
AG
(Machinery)
........
12
107
LEG
Immobilien
SE
(Real
Estate
Management
&
Development)
.....
7
1,026
Mercedes-Benz
Group
AG
(Automobiles)
63
172
Merck
KGaA
(Pharmaceuticals)
.......
22
73
MTU
Aero
Engines
AG
(Aerospace
&
Defense)
....................
27
183
Muenchener
Rueckversicherungs-
Gesellschaft
AG
in
Muenchen,
Class
R
(Insurance)
..................
116
88
Nemetschek
SE
(Software)
...........
7
8
Rational
AG
(Machinery)
............
6
66
Rheinmetall
AG
(Aerospace
&
Defense)
.
111
882
RWE
AG
(Independent
Power
and
Renewable
Electricity
Producers)
..
59
1,455
SAP
SE
(Software)
.................
249
40
Sartorius
AG,
Preference
Shares
(Life
Sciences
Tools
&
Services)(b)
.....
10
108
Scout24
SE
(Interactive
Media
&
Services)
(b)
........................
8
1,069
Siemens
AG,
Registered
Shares
(Industrial
Conglomerates)
...............
261
1,099
Siemens
Energy
AG
(Electrical
Equipment)
(b)
........................
189
452
Siemens
Healthineers
AG
(Health
Care
Equipment
&
Supplies)(b)
.......
19
161
Symrise
AG,
Class
A
(Chemicals)(b)
....
14
96
Talanx
AG
(Insurance)
..............
12
1,109
Vonovia
SE
(Real
Estate
Management
&
Development)
................
28
338
Zalando
SE
(Specialty
Retail)(a)(b)
.....
8
2,552
Hong
Kong
—
0.58%
14,600
AIA
Group
Ltd.
(Insurance)
..........
163
5,500
BOC
Hong
Kong
Holdings
Ltd.
(Banks)
.
30
3,000
CK
Asset
Holdings
Ltd.
(Real
Estate
Management
&
Development)
.....
17
4,000
CK
Hutchison
Holdings
Ltd.
(Industrial
Conglomerates)
...............
31
1,000
CK
Infrastructure
Holdings
Ltd.
(Electric
Utilities)
....................
8
2,500
CLP
Holdings
Ltd.
(Electric
Utilities)
...
24
82
Futu
Holdings
Ltd.,
ADR
(Capital
Markets)
(a)(b)
......................
11
30
HC
CAPITAL
TRUST
The
ESG
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Hong
Kong
(continued)
3,000
Galaxy
Entertainment
Group
Ltd.
(Hotels,
Restaurants
&
Leisure)
..........
$
14
2,000
Henderson
Land
Development
Co.
Ltd.
(Real
Estate
Management
&
Development)
................
7
5,000
HKT
Trust
&
HKT
Ltd.,
Class
SS
(Diversified
Telecommunication
Services)(b)
..................
8
16,665
Hong
Kong
&
China
Gas
Co.
Ltd.
(Gas
Utilities)
....................
15
1,649
Hong
Kong
Exchanges
&
Clearing
Ltd.
(Capital
Markets)
..............
83
1,600
Hongkong
Land
Holdings
Ltd.
(Real
Estate
Management
&
Development)
.....
12
200
Jardine
Matheson
Holdings
Ltd.
(Industrial
Conglomerates)
...............
14
3,711
Link
REIT
(Retail
REITs)
............
17
2,000
MTR
Corp.
Ltd.
(Ground
Transportation)
.
8
2,000
Power
Assets
Holdings
Ltd.
(Electric
Utilities)
....................
16
3,631
Prudential
PLC
(Insurance)
...........
50
4,518
Sino
Land
Co.
Ltd.
(Real
Estate
Management
&
Development)
.....
7
2,000
SITC
International
Holdings
Co.
Ltd.
(Marine
Transportation)
.........
9
2,000
Sun
Hung
Kai
Properties
Ltd.
(Real
Estate
Management
&
Development)
.....
33
500
Swire
Pacific
Ltd.,
Class
A
(Industrial
Conglomerates)
...............
5
2,000
Techtronic
Industries
Co.
Ltd.
(Machinery)
27
1,000
The
Wharf
Holdings
Ltd.
(Real
Estate
Management
&
Development)
.....
3
11,950
WH
Group
Ltd.
(Food
Products)(b)
.....
16
2,000
Wharf
Real
Estate
Investment
Co.
Ltd.
(Real
Estate
Management
&
Development)
6
634
Ireland
(Republic
of)
—
1.01%
863
Accenture
PLC,
Class
A
(IT
Services)
...
171
221
AerCap
Holdings
N.V.
(Trading
Companies
&
Distributors)
...............
30
21
AerCap
Holdings
N.V.
(Trading
Companies
&
Distributors)
...............
3
3,181
AIB
Group
PLC
(Banks)(b)
..........
34
133
Allegion
PLC
(Building
Products)
......
19
306
Aptiv
PLC
(Automobile
Components)(a)
.
21
1,342
Bank
of
Ireland
Group
PLC
(Banks)
....
24
936
CRH
PLC
(Construction
Materials)
.....
98
550
Eaton
Corp.
PLC
(Electrical
Equipment)
.
197
1,274
Experian
PLC
(Professional
Services)
...
44
236
Kerry
Group
PLC,
Class
A
(Food
Products)
(b)
........................
19
196
Kingspan
Group
PLC
(Building
Products)
17
1,784
Medtronic
PLC
(Health
Care
Equipment
&
Supplies)
....................
155
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Ireland
(Republic
of)
(continued)
1,162
Ryanair
Holdings
PLC
(Passenger
Airlines)
(b)
........................
$
33
711
Smurfit
Westrock
PLC
(Containers
&
Packaging)
..................
28
410
TE
Connectivity
PLC
(Electronic
Equipment,
Instruments
&
Components)
.................
86
309
Trane
Technologies
PLC
(Building
Products)
....................
129
1,108
Israel
—
0.28%
66
Azrieli
Group
Ltd.
(Real
Estate
Management
&
Development)
..............
9
1,735
Bank
Hapoalim
BM
(Banks)
..........
41
2,058
Bank
Leumi
Le-Israel
BM,
Class
IS
(Banks)
46
114
Check
Point
Software
Technologies
Ltd.
(Software)(a)
.................
16
40
Elbit
Systems
Ltd.
(Aerospace
&
Defense)
34
1,131
ICL
Group
Ltd.
(Chemicals)
..........
6
1
Isracard
Ltd.
(Consumer
Finance)
......
—
1,824
Israel
Discount
Bank
Ltd.,
Class
A
(Banks)
18
229
Mizrahi
Tefahot
Bank
Ltd.
(Banks)
.....
17
55
Monday.com
Ltd.
(Software)(a)
........
4
92
Nice
Ltd.
(Software)(a)
..............
10
50
Nova
Ltd.
(Semiconductors
&
Semiconductor
Equipment)(a)
.....
22
279
Phoenix
Financial
Ltd.
(Insurance)
.....
15
1,606
Teva
Pharmaceutical
Industries
Ltd.,
ADR
(Pharmaceuticals)(a)
...........
49
155
Tower
Semiconductor
Ltd.
(Semiconductors
&
Semiconductor
Equipment)(a)
...
27
314
Italy
—
0.81%
241
Banca
Mediolanum
SpA
(Financial
Services)
....................
5
2,753
Banca
Monte
dei
Paschi
di
Siena
SpA
(Banks)(b)
...................
24
1,601
Banco
BPM
SpA
(Banks)
............
22
1,937
BPER
Banca
SPA
(Banks)
...........
25
87
Buzzi
SpA
(Construction
Materials)
.....
4
889
Davide
Campari-Milano
N.V.,
Class
M
(Beverages)(b)
................
6
11,364
Enel
SpA
(Electric
Utilities)(b)
........
124
2,872
Eni
SpA
(Oil,
Gas
&
Consumable
Fuels)
.
82
176
Ferrari
N.V.
(Automobiles)
...........
60
795
FinecoBank
Banca
Fineco
SpA
(Banks)
..
18
1,216
Generali
(Insurance)
................
49
19,916
Intesa
Sanpaolo
SpA
(Banks)(b)
.......
120
786
Italgas
SpA
(Gas
Utilities)(b)
.........
9
561
Leonardo
SpA
(Aerospace
&
Defense)
...
38
292
Moncler
SpA
(Textiles,
Apparel
&
Luxury
Goods)
.....................
18
31
HC
CAPITAL
TRUST
The
ESG
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Italy
(continued)
688
Poste
Italiane
SpA
(Financial
Services)(b)
$
16
393
Prysmian
SpA
(Electrical
Equipment)
...
46
170
Recordati
Industria
Chimica
e
Farmaceutica
SpA
(Pharmaceuticals)
..........
10
2,618
Snam
SpA
(Gas
Utilities)
............
20
10,243
Telecom
Italia
SpA
(Diversified
Telecommunication
Services)
.....
8
13,895
Telecom
Italia
SpA/Milano
(Diversified
Telecommunication
Services)
.....
10
2,118
Terna
-
Rete
Elettrica
Nazionale
(Electric
Utilities)
....................
24
1,956
UniCredit
SpA
(Banks)
..............
141
547
Unipol
Assicurazioni
SpA
(Insurance)
...
13
892
Japan
—
5.88%
1,100
Advantest
Corp.
(Semiconductors
&
Semiconductor
Equipment)(b)
.....
152
3,000
Aeon
Co.
Ltd.
(Consumer
Staples
Distribution
&
Retail)
...........
36
300
AGC,
Inc.
(Building
Products)
........
11
800
Aisin
Corp.
(Automobile
Components)
..
11
1,400
Ajinomoto
Co.,
Inc.
(Food
Products)
....
40
300
ANA
Holdings,
Inc.
(Passenger
Airlines)(b)
5
2,200
Asahi
Group
Holdings
Ltd.
(Beverages)(b)
22
1,900
Asahi
Kasei
Corp.
(Chemicals)
........
19
1,000
Asics
Corp.
(Textiles,
Apparel
&
Luxury
Goods)
.....................
27
2,400
Astellas
Pharma,
Inc.
(Pharmaceuticals)
..
39
900
Bandai
Namco
Holdings,
Inc.
(Leisure
Products)
....................
22
1,500
Bridgestone
Corp.
(Automobile
Components)
.................
31
1,200
Canon,
Inc.
(Technology
Hardware,
Storage
&
Peripherals)
................
33
500
Capcom
Co.
Ltd.
(Entertainment)
......
11
1,100
Central
Japan
Railway
Co.
(Ground
Transportation)
...............
29
1,000
Chubu
Electric
Power
Co.,
Inc.
(Electric
Utilities)
....................
16
1,000
Chugai
Pharmaceutical
Co.
Ltd.
(Pharmaceuticals)
.............
55
600
Dai
Nippon
Printing
Co.
Ltd.
(Commercial
Services
&
Supplies)
...........
11
400
Daifuku
Co.
Ltd.
(Machinery)
.........
14
5,100
Daiichi
Life
Group,
Inc.
(Insurance)
....
47
2,500
Daiichi
Sankyo
Co.
Ltd.
(Pharmaceuticals)
45
400
Daikin
Industries
Ltd.
(Building
Products)
48
300
Daito
Trust
Construction
Co.
Ltd.
(Real
Estate
Management
&
Development)
7
800
Daiwa
House
Industry
Co.
Ltd.
(Real
Estate
Management
&
Development)
.....
25
1,900
Daiwa
Securities
Group,
Inc.
(Capital
Markets)
....................
18
2,300
Denso
Corp.
(Automobile
Components)
..
29
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Japan
(continued)
100
Disco
Corp.
(Semiconductors
&
Semiconductor
Equipment)
.......
$
41
1,400
East
Japan
Railway
Co.
(Ground
Transportation)
...............
32
600
Ebara
Corp.
(Machinery)
............
17
400
Eisai
Co.
Ltd.
(Pharmaceuticals)
.......
13
3,700
ENEOS
Holdings,
Inc.
(Oil,
Gas
&
Consumable
Fuels)
.............
33
1,300
FANUC
Corp.
(Machinery)
...........
45
300
Fast
Retailing
Co.
Ltd.
(Specialty
Retail)
.
119
200
Fuji
Electric
Co.
Ltd.
(Electrical
Equipment)
14
1,700
FUJIFILM
Holdings
Corp.
(Technology
Hardware,
Storage
&
Peripherals)
..
32
2,400
Fujikura
Ltd.
(Electrical
Equipment)
....
66
2,400
Fujitsu
Ltd.
(IT
Services)(b)
..........
49
300
Hankyu
Hanshin
Holdings,
Inc.
(Ground
Transportation)
...............
9
6,400
Hitachi
Ltd.
(Industrial
Conglomerates)
..
189
5,200
Honda
Motor
Co.
Ltd.
(Automobiles)
...
42
500
Hoya
Corp.
(Health
Care
Equipment
&
Supplies)
....................
87
800
Hulic
Co.
Ltd.
(Real
Estate
Management
&
Development)
................
9
300
Ibiden
Co.
Ltd.
(Electronic
Equipment,
Instruments
&
Components)
......
15
1,000
Idemitsu
Kosan
Co.
Ltd.
(Oil,
Gas
&
Consumable
Fuels)(b)
..........
10
1,400
IHI
Corp.
(Machinery)
..............
29
1,300
Inpex
Corp.
(Oil,
Gas
&
Consumable
Fuels)
38
800
Isuzu
Motors
Ltd.
(Automobiles)
.......
12
8,200
ITOCHU
Corp.
(Trading
Companies
&
Distributors)
.................
104
200
Japan
Airlines
Co.
Ltd.
(Passenger
Airlines)
(b)
........................
3
1,500
Japan
Exchange
Group,
Inc.
(Capital
Markets)
....................
18
2,500
Japan
Post
Bank
Co.
Ltd.
(Banks)(b)
....
41
2,500
Japan
Post
Holdings
Co.
Ltd.
(Insurance)(b)
29
900
Japan
Post
Insurance
Co.
Ltd.
(Insurance)(b)
9
800
JFE
Holdings,
Inc.
(Metals
&
Mining)(b)
.
9
600
Kajima
Corp.
(Construction
&
Engineering)
23
600
Kao
Corp.
(Personal
Care
Products)
.....
23
1,000
Kawasaki
Heavy
Industries
Ltd.
(Machinery)
.................
19
500
Kawasaki
Kisen
Kaisha
Ltd.
(Marine
Transportation)
...............
8
4,200
KDDI
Corp.
(Wireless
Telecommunication
Services)
....................
72
300
Keyence
Corp.
(Electronic
Equipment,
Instruments
&
Components)
......
107
1,000
Kikkoman
Corp.
(Food
Products)
......
9
1,100
Kirin
Holdings
Co.
Ltd.
(Beverages)
....
17
1,300
Komatsu
Ltd.
(Machinery)
...........
52
100
Konami
Group
Corp.
(Entertainment)
...
12
1,400
Kubota
Corp.
(Machinery)
...........
22
32
HC
CAPITAL
TRUST
The
ESG
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Japan
(continued)
1,900
Kyocera
Corp.
(Electronic
Equipment,
Instruments
&
Components)
......
$
29
300
Kyowa
Kirin
Co.
Ltd.
(Pharmaceuticals)
.
5
100
Lasertec
Corp.
(Semiconductors
&
Semiconductor
Equipment)
.......
22
4,300
LY
Corp.
(Interactive
Media
&
Services)
.
10
700
M3,
Inc.
(Health
Care
Technology)
.....
7
300
Makita
Corp.
(Machinery)
...........
10
2,000
Marubeni
Corp.
(Trading
Companies
&
Distributors)
.................
73
500
MatsukiyoCocokara
&
Co.
(Consumer
Staples
Distribution
&
Retail)
.....
8
500
MINEBEA
MITSUMI,
Inc.
(Machinery)
.
8
1,400
Mitsubishi
Chemical
Group
Corp.
(Chemicals)
..................
8
4,500
Mitsubishi
Corp.
(Trading
Companies
&
Distributors)
.................
154
2,700
Mitsubishi
Electric
Corp.
(Electrical
Equipment)
..................
88
1,400
Mitsubishi
Estate
Co.
Ltd.
(Real
Estate
Management
&
Development)
.....
39
1,100
Mitsubishi
HC
Capital,
Inc.
(Financial
Services)
....................
10
4,500
Mitsubishi
Heavy
Industries
Ltd.
(Machinery)
.................
124
15,800
Mitsubishi
UFJ
Financial
Group,
Inc.
(Banks)
.....................
269
3,400
Mitsui
&
Co.
Ltd.
(Trading
Companies
&
Distributors)
.................
131
3,700
Mitsui
Fudosan
Co.
Ltd.
(Real
Estate
Management
&
Development)
.....
39
500
Mitsui
OSK
Lines
Ltd.
(Marine
Transportation)
...............
21
3,440
Mizuho
Financial
Group,
Inc.
(Banks)
...
139
400
MonotaRO
Co.
Ltd.
(Trading
Companies
&
Distributors)
.................
4
1,700
MS&AD
Insurance
Group
Holdings,
Inc.
(Insurance)
..................
44
2,300
Murata
Manufacturing
Co.
Ltd.
(Electronic
Equipment,
Instruments
&
Components)
.................
52
1,800
NEC
Corp.
(IT
Services)
.............
45
500
Nexon
Co.
Ltd.
(Entertainment)
.......
9
1,300
NIDEC
Corp.
(Electrical
Equipment)(a)
..
17
1,600
Nintendo
Co.
Ltd.
(Entertainment)
......
91
10
Nippon
Building
Fund,
Inc.
(Office
REITs)
8
1,400
Nippon
Paint
Holdings
Co.
Ltd.
(Chemicals)
(b)
........................
9
200
Nippon
Sanso
Holdings
Corp.
(Chemicals)
7
6,700
Nippon
Steel
Corp.
(Metals
&
Mining)
..
25
500
Nippon
Yusen
KK
(Marine
Transportation)
18
2,100
Nissan
Motor
Co.
Ltd.
(Automobiles)(a)
.
5
600
Nitori
Holdings
Co.
Ltd.
(Specialty
Retail)
10
900
Nitto
Denko
Corp.
(Chemicals)
........
18
4,500
Nomura
Holdings,
Inc.
(Capital
Markets)
.
35
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Japan
(continued)
600
Nomura
Research
Institute
Ltd.
(IT
Services)
....................
$
16
41,600
NTT,
Inc.
(Diversified
Telecommunication
Services)
....................
42
1,000
Obayashi
Corp.
(Construction
&
Engineering)
.................
24
500
Obic
Co.
Ltd.
(IT
Services)
...........
12
1,700
Olympus
Corp.
(Health
Care
Equipment
&
Supplies)
....................
16
100
Oracle
Corp.
Japan
(Software)
.........
5
1,400
Oriental
Land
Co.
Ltd.
(Hotels,
Restaurants
&
Leisure)
...................
24
1,600
ORIX
Corp.
(Financial
Services)
.......
47
500
Osaka
Gas
Co.
Ltd.
(Gas
Utilities)
......
20
300
Otsuka
Corp.
(IT
Services)
...........
6
600
Otsuka
Holdings
Co.
Ltd.
(Pharmaceuticals)
43
2,400
Pan
Pacific
International
Holdings
Corp.
(Broadline
Retail)
.............
15
3,200
Panasonic
Holdings
Corp.
(Household
Durables)
...................
54
2,400
Rakuten
Group,
Inc.
(Broadline
Retail)(a)(b)
11
2,000
Recruit
Holdings
Co.
Ltd.
(Professional
Services)
....................
87
2,600
Renesas
Electronics
Corp.
(Semiconductors
&
Semiconductor
Equipment)(b)
...
37
2,900
Resona
Holdings,
Inc.
(Banks)
........
33
800
Ryohin
Keikaku
Co.
Ltd.
(Broadline
Retail)
17
1,500
Sanrio
Co.
Ltd.
(Specialty
Retail)
......
9
800
SBI
Holdings,
Inc.
(Capital
Markets)
....
15
200
SCREEN
Holdings
Co.
Ltd.
(Semiconductors
&
Semiconductor
Equipment)
..................
12
500
Secom
Co.
Ltd.
(Commercial
Services
&
Supplies)
....................
19
300
Seibu
Holdings,
Inc.
(Ground
Transportation)
...............
8
600
Sekisui
Chemical
Co.
Ltd.
(Industrial
Conglomerates)
...............
10
700
Sekisui
House
Ltd.
(Household
Durables)
16
2,700
Seven
&
i
Holdings
Co.
Ltd.
(Consumer
Staples
Distribution
&
Retail)
.....
36
300
Shimadzu
Corp.
(Electronic
Equipment,
Instruments
&
Components)
......
7
100
Shimano,
Inc.
(Leisure
Products)
.......
10
700
Shimizu
Corp.
(Construction
&
Engineering)
.................
13
2,400
Shin-Etsu
Chemical
Co.
Ltd.
(Chemicals)
98
1,100
Shionogi
&
Co.
Ltd.
(Pharmaceuticals)
..
24
600
Shiseido
Co.
Ltd.
(Personal
Care
Products)
12
100
SMC
Corp.
(Machinery)
.............
39
39,900
SoftBank
Corp.
(Wireless
Telecommunication
Services)
.....
53
5,300
SoftBank
Group
Corp.
(Wireless
Telecommunication
Services)
.....
129
1,200
Sompo
Holdings,
Inc.
(Insurance)
......
47
33
HC
CAPITAL
TRUST
The
ESG
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Japan
(continued)
5,900
Sony
Financial
Group,
Inc.
(Financial
Services)
....................
$
5
8,600
Sony
Group
Corp.
(Household
Durables)
.
180
900
Subaru
Corp.
(Automobiles)
..........
15
1,600
Sumitomo
Corp.
(Trading
Companies
&
Distributors)
.................
60
1,000
Sumitomo
Electric
Industries
Ltd.
(Automobile
Components)
.......
57
400
Sumitomo
Metal
Mining
Co.
Ltd.
(Metals
&
Mining)
.....................
23
5,100
Sumitomo
Mitsui
Financial
Group,
Inc.
(Banks)
.....................
168
900
Sumitomo
Mitsui
Trust
Group,
Inc.
(Banks)
29
800
Sumitomo
Realty
&
Development
Co.
Ltd.
(Real
Estate
Management
&
Development)
................
23
100
Suntory
Beverage
&
Food
Ltd.
(Beverages)
3
2,100
Suzuki
Motor
Corp.
(Automobiles)
.....
26
800
Sysmex
Corp.
(Health
Care
Equipment
&
Supplies)
....................
7
700
T&D
Holdings,
Inc.
(Insurance)
.......
18
200
Taisei
Corp.
(Construction
&
Engineering)
21
2,200
Takeda
Pharmaceutical
Co.
Ltd.
(Pharmaceuticals)
.............
81
2,900
TDK
Corp.
(Electronic
Equipment,
Instruments
&
Components)
......
38
2,000
Terumo
Corp.
(Health
Care
Equipment
&
Supplies)(b)
..................
27
800
The
Chiba
Bank
Ltd.
(Banks)
.........
10
1,400
The
Kansai
Electric
Power
Co.,
Inc.
(Electric
Utilities)
.............
23
300
TIS,
Inc.
(IT
Services)
..............
6
500
Toho
Co.
Ltd.
(Entertainment)
.........
5
2,600
Tokio
Marine
Holdings,
Inc.
(Insurance)
.
122
600
Tokyo
Electron
Ltd.
(Semiconductors
&
Semiconductor
Equipment)
.......
149
500
Tokyo
Gas
Co.
Ltd.
(Gas
Utilities)
......
24
800
Tokyu
Corp.
(Ground
Transportation)
...
9
400
TOPPAN
Holdings,
Inc.
(Commercial
Services
&
Supplies)
...........
11
2,100
Toray
Industries,
Inc.
(Chemicals)
......
15
100
Toyota
Industries
Corp.
(Machinery)(a)
..
13
13,200
Toyota
Motor
Corp.
(Automobiles)(b)
...
275
1,000
Toyota
Tsusho
Corp.
(Trading
Companies
&
Distributors)
.................
39
400
Tsuruha
Holdings,
Inc.
(Consumer
Staples
Distribution
&
Retail)
...........
6
1,100
Unicharm
Corp.
(Household
Products)
...
6
600
West
Japan
Railway
Co.
(Ground
Transportation)(b)
.............
12
1,400
Yamaha
Motor
Co.
Ltd.
(Automobiles)
..
10
300
Yokogawa
Electric
Corp.
(Electronic
Equipment,
Instruments
&
Components)
.................
9
1,200
Yokohama
Financial
Group,
Inc.
(Banks)
.
11
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Japan
(continued)
400
ZOZO,
Inc.
(Specialty
Retail)(b)
.......
$
3
6,477
Luxembourg
—
0.04%
596
ArcelorMittal
SA
(Metals
&
Mining)
....
31
302
CVC
Capital
Partners
PLC
(Capital
Markets)(b)
..................
4
152
Eurofins
Scientific
SE
(Life
Sciences
Tools
&
Services)
..................
11
46
Macau
—
0.01%
3,600
Sands
China
Ltd.
(Hotels,
Restaurants
&
Leisure)
....................
8
Netherlands
—
1.42%
769
ABN
AMRO
Bank
N.V.,
Class
CV
(Banks)
24
35
Adyen
N.V.
(Financial
Services)(a)(b)
...
35
1,921
Aegon
Ltd.
(Insurance)
..............
14
254
Akzo
Nobel
N.V.
(Chemicals)
.........
15
86
Argenx
SE
(Biotechnology)(a)
........
62
66
ASM
International
N.V.
(Semiconductors
&
Semiconductor
Equipment)(b)
.....
50
544
ASML
Holding
N.V.
(Semiconductors
&
Semiconductor
Equipment)(b)
.....
724
192
ASR
Nederland
N.V.
(Insurance)(b)
.....
13
104
BE
Semiconductor
Industries
N.V.
(Semiconductors
&
Semiconductor
Equipment)
..................
22
113
Euronext
N.V.
(Capital
Markets)(b)
.....
18
144
EXOR
N.V.
(Financial
Services)
.......
11
705
Ferrovial
SE
(Construction
&
Engineering)
46
193
Heineken
Holding
N.V.
(Beverages)
....
14
435
Heineken
N.V.
(Beverages)
...........
33
4,217
ING
Groep
N.V.
(Banks)
.............
110
229
JDE
Peet's
N.V.
(Food
Products)
.......
8
1,257
Koninklijke
Ahold
Delhaize
N.V.
(Consumer
Staples
Distribution
&
Retail)
.....
59
5,200
Koninklijke
KPN
N.V.
(Diversified
Telecommunication
Services)
.....
29
362
NN
Group
N.V.
(Insurance)
...........
28
353
NXP
Semiconductors
N.V.
(Semiconductors
&
Semiconductor
Equipment)
.....
69
1,831
Prosus
N.V.
(Broadline
Retail)(a)(b)
....
85
314
QIAGEN
N.V.
(Life
Sciences
Tools
&
Services)
....................
13
127
Randstad
N.V.
(Professional
Services)
...
3
2,726
Stellantis
N.V.
(Automobiles)
.........
20
1,545
Universal
Music
Group
N.V.
(Entertainment)
...............
30
312
Wolters
Kluwer
N.V.
(Professional
Services)
23
1,558
34
HC
CAPITAL
TRUST
The
ESG
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
New
Zealand
—
0.06%
2,407
Auckland
International
Airport
Ltd.
(Transportation
Infrastructure)
.....
$
11
1,214
Contact
Energy
Ltd.
(Electric
Utilities)
..
6
749
Fisher
&
Paykel
Healthcare
Corp.
Ltd.
(Health
Care
Equipment
&
Supplies)
17
1,382
Infratil
Ltd.
(Financial
Services)
.......
9
1,873
Meridian
Energy
Ltd.
(Independent
Power
and
Renewable
Electricity
Producers)
6
219
Xero
Ltd.
(Software)(a)
.............
12
61
Norway
—
0.20%
460
Aker
BP
ASA
(Oil,
Gas
&
Consumable
Fuels)
......................
17
1,223
DNB
Bank
ASA
(Banks)
............
38
1,073
Equinor
ASA
(Oil,
Gas
&
Consumable
Fuels)
......................
47
361
Gjensidige
Forsikring
ASA
(Insurance)
..
9
562
Kongsberg
Gruppen
ASA
(Aerospace
&
Defense)
....................
24
673
Mowi
ASA
(Food
Products)(b)
........
15
1,703
Norsk
Hydro
ASA
(Metals
&
Mining)
...
18
987
Orkla
ASA
(Food
Products)
..........
12
93
Salmar
ASA
(Food
Products)
.........
5
896
Telenor
ASA
(Diversified
Telecommunication
Services)
.....
16
235
Yara
International
ASA
(Chemicals)
....
14
215
Poland
—
0.01%
335
InPost
SA
(Air
Freight
&
Logistics)(a)
...
6
Portugal
—
0.05%
8,732
Banco
Comercial
Portugues
SA,
Class
R
(Banks)(b)
...................
9
4,621
EDP
SA
(Electric
Utilities)(b)
.........
24
631
Galp
Energia
SGPS
SA
(Oil,
Gas
&
Consumable
Fuels)(b)
..........
15
429
Jeronimo
Martins
SGPS
SA
(Consumer
Staples
Distribution
&
Retail)(b)
...
10
58
Singapore
—
0.43%
5,741
CapitaLand
Ascendas
REIT
(Industrial
REITs)(b)
...................
11
7,452
CapitaLand
Integrated
Commercial
Trust
(Diversified
REITs)
............
13
3,400
CapitaLand
Investment
Ltd.
(Real
Estate
Management
&
Development)
.....
7
3,007
DBS
Group
Holdings
Ltd.
(Banks)
.....
134
3,470
Grab
Holdings
Ltd.
(Ground
Transportation)
(a)
........................
13
2,200
Keppel
Ltd.
(Industrial
Conglomerates)
..
20
4,690
Oversea-Chinese
Banking
Corp.
Ltd.
(Banks)
.....................
80
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Singapore
(continued)
566
Sea
Ltd.,
ADR
(Broadline
Retail)(a)
....
$
47
1,400
Sembcorp
Industries
Ltd.
(Multi-Utilities)
7
2,100
Singapore
Airlines
Ltd.
(Passenger
Airlines)
(b)
........................
11
1,300
Singapore
Exchange
Ltd.
(Capital
Markets)
20
1,900
Singapore
Technologies
Engineering
Ltd.
(Aerospace
&
Defense)
.........
16
10,400
Singapore
Telecommunications
Ltd.
(Diversified
Telecommunication
Services)
....................
40
1,700
United
Overseas
Bank
Ltd.
(Banks)
.....
49
3,000
Wilmar
International
Ltd.
(Food
Products)
9
477
Spain
—
0.96%
37
Acciona
SA
(Electric
Utilities)
........
10
245
ACS
Actividades
de
Construccion
y
Servicios
SA
(Construction
&
Engineering)
.................
30
1,111
Aena
SME
SA
(Transportation
Infrastructure)(b)
..............
33
644
Amadeus
IT
Group
SA
(Hotels,
Restaurants
&
Leisure)
...................
37
8,017
Banco
Bilbao
Vizcaya
Argentaria
SA
(Banks)
.....................
173
6,929
Banco
de
Sabadell
SA
(Banks)
........
25
20,684
Banco
Santander
SA
(Banks)(b)
.......
233
893
Bankinter
SA
(Banks)
...............
14
5,414
CaixaBank
SA
(Banks)
..............
65
676
Cellnex
Telecom
SA
(Diversified
Telecommunication
Services)(b)
...
22
444
EDP
Renovaveis
SA
(Independent
Power
and
Renewable
Electricity
Producers)
7
467
Endesa
SA
(Electric
Utilities)
.........
19
512
Grifols
SA
(Biotechnology)
...........
5
8,924
Iberdrola
SA
(Electric
Utilities)
........
205
97
Indra
Sistemas
SA
(IT
Services)
.......
5
1,516
Industria
de
Diseno
Textil
SA
(Specialty
Retail)
......................
88
771
Mapfre
SA
(Insurance)
..............
3
375
Naturgy
Energy
Group
SA
(Gas
Utilities)
.
11
591
Redeia
Corp.
SA
(Electric
Utilities)
.....
10
1,545
Repsol
SA
(Oil,
Gas
&
Consumable
Fuels)
43
5,486
Telefonica
SA
(Diversified
Telecommunication
Services)
.....
24
1,062
Sweden
—
0.93%
393
AddTech
AB,
B
Shares
(Trading
Companies
&
Distributors)
...............
13
371
Alfa
Laval
AB
(Machinery)
..........
20
1,385
Assa
Abloy
AB,
Class
B
(Building
Products)
50
3,599
Atlas
Copco
AB,
Class
A
(Machinery)
...
64
2,366
Atlas
Copco
AB,
Class
B
(Machinery)
...
37
35
HC
CAPITAL
TRUST
The
ESG
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Sweden
(continued)
574
Beijer
Ref
AB
(Trading
Companies
&
Distributors)(b)
...............
$
8
360
Boliden
AB
(Metals
&
Mining)(a)
......
19
875
Epiroc
AB,
Class
A
(Machinery)
.......
22
596
Epiroc
AB,
Class
B
(Machinery)
.......
13
701
EQT
AB
(Capital
Markets)
...........
22
919
Essity
AB,
Class
B
(Household
Products)^
24
179
Evolution
AB
(Hotels,
Restaurants
&
Leisure)(b)
..................
11
643
Fastighets
AB
Balder,
Class
B
(Real
Estate
Management
&
Development)(a)
...
4
669
H
&
M
Hennes
&
Mauritz
AB,
Class
B
(Specialty
Retail)
..............
13
3,150
Hexagon
AB,
Class
B
(Electronic
Equipment,
Instruments
&
Components)
.................
31
86
Holmen
AB,
B
shares
(Paper
&
Forest
Products)^
...................
3
199
Industrivarden
AB,
Class
A
(Financial
Services)(b)
..................
10
163
Industrivarden
AB,
Class
C
(Financial
Services)
....................
8
411
Indutrade
AB
(Machinery)
...........
9
188
Investment
AB
Latour,
Class
B
(Industrial
Conglomerates)
...............
4
2,559
Investor
AB,
Class
B
(Financial
Services)
96
347
Lifco
AB,
Class
B
(Industrial
Conglomerates)
...............
11
2,221
Nibe
Industrier
AB,
Class
B
(Building
Products)
....................
9
485
Saab
AB,
Class
B
(Aerospace
&
Defense)
32
300
Sagax
AB,
Class
B
(Real
Estate
Management
&
Development)
.....
6
1,494
Sandvik
AB
(Machinery)
............
57
729
Securitas
AB,
Class
B
(Commercial
Services
&
Supplies)
..................
12
2,109
Skandinaviska
Enskilda
Banken
AB,
Class
A
(Banks)^
....................
39
513
Skanska
AB,
Class
B
(Construction
&
Engineering)^
................
14
380
SKF
AB,
B
shares
(Machinery)
........
9
218
Spotify
Technology
SA
(Entertainment)(a)
105
815
Svenska
Cellulosa
AB
SCA,
Class
B
(Paper
&
Forest
Products)^
............
9
2,024
Svenska
Handelsbanken
AB,
Class
A
(Banks)
.....................
27
1,186
Swedbank
AB,
Class
A
(Banks)^
.......
40
291
Swedish
Orphan
Biovitrum
AB
(Biotechnology)(a)
.............
12
805
Tele2
AB,
B
shares
(Wireless
Telecommunication
Services)
.....
17
3,924
Telefonaktiebolaget
LM
Ericsson,
Class
B
(Communications
Equipment)
.....
45
3,489
Telia
Co.
AB
(Diversified
Telecommunication
Services)(b)
...
18
317
Trelleborg
AB,
Class
B
(Machinery)
....
12
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Sweden
(continued)
2,213
Volvo
AB,
Class
B
(Machinery)^
.......
$
73
1,028
Switzerland
—
2.85%
2,181
ABB
Ltd.,
Registered
Shares
(Electrical
Equipment)
..................
177
696
Alcon
AG
(Health
Care
Equipment
&
Supplies)
....................
53
640
Amcor
PLC
(Containers
&
Packaging)
...
25
681
Amrize
Ltd.
(Construction
Materials)(a)
..
38
98
Avolta
AG
(Specialty
Retail)(a)
........
6
45
Banque
Cantonale
Vaudoise,
Registered
Shares
(Banks)
................
7
5
Barry
Callebaut
AG,
Registered
Shares
(Food
Products)(b)
.............
9
13
Belimo
Holding
AG,
Class
R
(Building
Products)
....................
11
31
BKW
AG
(Electric
Utilities)
..........
6
3
Chocoladefabriken
Lindt
&
Spruengli
AG,
Class
PC
(Food
Products)
........
42
528
Chubb
Ltd.
(Insurance)
..............
172
763
Cie
Financiere
Richemont
SA,
Registered
Shares
(Textiles,
Apparel
&
Luxury
Goods)
.....................
135
267
Coca-Cola
HBC
AG
(Beverages)(a)
.....
15
240
DSM-Firmenich
AG
(Chemicals)
......
17
10
EMS-Chemie
Holding
AG
(Chemicals)
..
8
249
Galderma
Group
AG
(Pharmaceuticals)(b)
49
228
Garmin
Ltd.
(Household
Durables)
.....
53
51
Geberit
AG,
Registered
Shares
(Building
Products)
....................
34
13
Givaudan
SA,
Registered
Shares
(Chemicals)
..................
44
13,952
Glencore
PLC
(Metals
&
Mining)(a)(b)
..
106
103
Helvetia
Baloise
Holding
AG,
Registered
Shares
(Insurance)
.............
27
711
Holcim
AG
(Construction
Materials)(a)(b)
59
272
Julius
Baer
Group
Ltd.
(Capital
Markets)
.
20
73
Kuehne
+
Nagel
International
AG,
Class
R
(Marine
Transportation)
.........
17
230
Logitech
International
SA,
Class
R
(Technology
Hardware,
Storage
&
Peripherals)
..................
21
98
Lonza
Group
AG,
Registered
Shares
(Life
Sciences
Tools
&
Services)(b)
.....
63
3,585
Nestle
SA,
Registered
Shares
(Food
Products)
....................
352
2,673
Novartis
AG,
Registered
Shares
(Pharmaceuticals)
.............
411
31
Partners
Group
Holding
AG
(Capital
Markets)
....................
33
983
Roche
Holding
AG
(Pharmaceuticals)
...
392
52
Roche
Holding
AG,
Class
BR
(Pharmaceuticals)
.............
22
584
Sandoz
Group
AG
(Pharmaceuticals)
....
46
36
HC
CAPITAL
TRUST
The
ESG
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Switzerland
(continued)
57
Schindler
Holding
AG,
Class
PC
(Machinery)
.................
$
19
32
Schindler
Holding
AG,
Registered
Shares
(Machinery)
.................
10
240
SGS
SA,
Registered
Shares
(Professional
Services)
....................
25
211
Sika
AG,
Registered
Shares
(Chemicals)(b)
35
64
Sonova
Holding
AG
(Health
Care
Equipment
&
Supplies)(b)
.......
15
918
STMicroelectronics
N.V.
(Semiconductors
&
Semiconductor
Equipment)
.....
31
169
Straumann
Holding
AG,
Class
R
(Health
Care
Equipment
&
Supplies)
......
18
40
Swiss
Life
Holding
AG
(Insurance)
.....
44
113
Swiss
Prime
Site
AG,
Registered
Shares
(Real
Estate
Management
&
Development)
................
19
417
Swiss
Re
AG
(Insurance)
............
70
36
Swisscom
AG,
Registered
Shares
(Diversified
Telecommunication
Services)
....................
30
43
The
Swatch
Group
AG,
Class
BR
(Textiles,
Apparel
&
Luxury
Goods)
.......
9
4,416
UBS
Group
AG
(Capital
Markets)
......
172
36
VAT
Group
AG
(Machinery)(b)
........
22
205
Zurich
Insurance
Group
AG
(Insurance)(b)
145
3,134
United
Arab
Emirates
—
0.00%
339
NMC
Health
PLC
(Health
Care
Providers
&
Services)(a)(c)
................
—
United
Kingdom
—
3.64%
1,386
3i
Group
PLC
(Capital
Markets)
.......
45
305
Admiral
Group
PLC
(Insurance)
.......
13
1,074
Airtel
Africa
PLC
(Wireless
Telecommunication
Services)(b)
...
5
1,551
Anglo
American
PLC
(Metals
&
Mining)
.
67
284
Aon
PLC,
Class
A
(Insurance)
.........
92
482
Associated
British
Foods
PLC
(Food
Products)
....................
12
2,176
AstraZeneca
PLC
(Pharmaceuticals)(b)
..
424
1,276
Auto
Trader
Group
PLC
(Interactive
Media
&
Services)(b)
................
8
4,531
Aviva
PLC
(Insurance)
..............
36
4,207
BAE
Systems
PLC
(Aerospace
&
Defense)
123
19,458
Barclays
PLC
(Banks)(b)
............
102
2,043
Barratt
Redrow
PLC
(Household
Durables)
(b)
........................
7
21,900
BP
PLC
(Oil,
Gas
&
Consumable
Fuels)
.
171
8,363
BT
Group
PLC
(Diversified
Telecommunication
Services)
.....
23
505
Bunzl
PLC
(Trading
Companies
&
Distributors)
.................
15
6,389
Centrica
PLC
(Multi-Utilities)(b)
.......
18
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
Kingdom
(continued)
1,321
CNH
Industrial
N.V.
(Machinery)
......
$
15
295
Coca-Cola
Europacific
Partners
PLC
(Beverages)
..................
27
2,352
Compass
Group
PLC
(Hotels,
Restaurants
&
Leisure)
....................
66
3,219
Diageo
PLC
(Beverages)
............
60
284
Endeavour
Mining
PLC
(Metals
&
Mining)
17
899
Entain
PLC
(Hotels,
Restaurants
&
Leisure)
(b)
........................
7
5,669
GSK
PLC
(Pharmaceuticals)
..........
156
12,490
Haleon
PLC
(Pharmaceuticals)
........
62
507
Halma
PLC
(Electronic
Equipment,
Instruments
&
Components)
......
26
24,007
HSBC
Holdings
PLC
(Banks)
.........
394
1,946
Informa
PLC
(Media)
...............
20
200
InterContinental
Hotels
Group
PLC
(Hotels,
Restaurants
&
Leisure)
..........
26
1,393
International
Consolidated
Airlines
Group
SA
(Passenger
Airlines)
.........
7
184
Intertek
Group
PLC
(Professional
Services)
9
2,592
J
Sainsbury
PLC
(Consumer
Staples
Distribution
&
Retail)
...........
12
2,744
JD
Sports
Fashion
PLC
(Specialty
Retail)
3
1,949
Kingfisher
PLC
(Specialty
Retail)
......
7
965
Land
Securities
Group
PLC
(Diversified
REITs)
.....................
7
7,867
Legal
&
General
Group
PLC
(Insurance)
.
26
82,688
Lloyds
Banking
Group
PLC
(Banks)
....
102
649
London
Stock
Exchange
Group
PLC
(Capital
Markets)(b)
............
77
3,247
M&G
PLC
(Financial
Services)
........
12
3,135
Marks
&
Spencer
Group
PLC
(Consumer
Staples
Distribution
&
Retail)
.....
14
1,931
Melrose
Industries
PLC
(Aerospace
&
Defense)
....................
13
6,938
National
Grid
PLC
(Multi-Utilities)
.....
117
11,210
NatWest
Group
PLC
(Banks)(b)
.......
83
155
Next
PLC
(Broadline
Retail)
..........
26
886
Pearson
PLC
(Diversified
Consumer
Services)
....................
12
251
Pentair
PLC
(Machinery)
............
22
902
Reckitt
Benckiser
Group
PLC
(Household
Products)
....................
61
2,538
RELX
PLC
(Professional
Services)
.....
83
3,819
Rentokil
Initial
PLC
(Commercial
Services
&
Supplies)
..................
24
1,555
Rio
Tinto
PLC
(Metals
&
Mining)
......
144
11,744
Rolls-Royce
Holdings
PLC
(Aerospace
&
Defense)
....................
178
1,227
Schroders
PLC
(Capital
Markets)
......
9
1,886
Segro
PLC
(Industrial
REITs)
.........
16
405
Severn
Trent
PLC
(Water
Utilities)(b)
...
17
8,065
Shell
PLC
(Oil,
Gas
&
Consumable
Fuels)
373
1,075
Smith
&
Nephew
PLC
(Health
Care
Equipment
&
Supplies)
.........
17
37
HC
CAPITAL
TRUST
The
ESG
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
Kingdom
(continued)
420
Smiths
Group
PLC
(Industrial
Conglomerates)
...............
$
13
111
Spirax
Group
PLC
(Machinery)
........
10
1,679
SSE
PLC
(Electric
Utilities)(b)
........
58
2,712
Standard
Chartered
PLC
(Banks)
.......
57
1,043
Standard
Life
PLC
(Insurance)
........
9
9,057
Tesco
PLC
(Consumer
Staples
Distribution
&
Retail)
....................
57
1,233
The
Sage
Group
PLC
(Software)
.......
14
3,040
Unilever
PLC
(Personal
Care
Products)
..
167
1,027
United
Utilities
Group
PLC
(Water
Utilities)
18
26,802
Vodafone
Group
PLC
(Wireless
Telecommunication
Services)
.....
40
258
Whitbread
PLC
(Hotels,
Restaurants
&
Leisure)
....................
8
136
Willis
Towers
Watson
PLC
(Insurance)
..
40
1,007
Wise
PLC,
Class
A
(Financial
Services)(a)
12
4,011
United
States
—
68.31%
739
3M
Co.
(Industrial
Conglomerates)
.....
107
2,451
Abbott
Laboratories
(Health
Care
Equipment
&
Supplies)
.........
252
2,475
AbbVie,
Inc.
(Biotechnology)
.........
538
583
Adobe,
Inc.
(Software)(a)
............
142
2,291
Advanced
Micro
Devices,
Inc.
(Semiconductors
&
Semiconductor
Equipment)(a)
................
466
202
AECOM
(Construction
&
Engineering)
..
17
430
Affirm
Holdings,
Inc.,
Class
A
(Financial
Services)(a)
..................
20
708
Aflac,
Inc.
(Insurance)
..............
78
395
Agilent
Technologies,
Inc.
(Life
Sciences
Tools
&
Services)
..............
45
309
Air
Products
and
Chemicals,
Inc.
(Chemicals)
..................
90
597
Airbnb,
Inc.,
Class
A
(Hotels,
Restaurants
&
Leisure)(a)
..................
75
339
Alliant
Energy
Corp.
(Electric
Utilities)
..
24
192
Alnylam
Pharmaceuticals,
Inc.
(Biotechnology)(a)
.............
64
8,159
Alphabet,
Inc.,
Class
A
(Interactive
Media
&
Services)
....................
2,346
6,825
Alphabet,
Inc.,
Class
C
(Interactive
Media
&
Services)
....................
1,958
13,476
Amazon.com,
Inc.
(Broadline
Retail)(a)
..
2,806
366
Ameren
Corp.
(Multi-Utilities)
........
40
739
American
Electric
Power
Co.,
Inc.
(Electric
Utilities)
....................
97
783
American
Express
Co.
(Consumer
Finance)
237
769
American
International
Group,
Inc.
(Insurance)
..................
58
650
American
Tower
Corp.
(Specialized
REITs)
112
268
American
Water
Works
Co.,
Inc.
(Water
Utilities)
....................
36
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
States
(continued)
131
Ameriprise
Financial,
Inc.
(Capital
Markets)
$
58
320
AMETEK,
Inc.
(Electrical
Equipment)
...
69
759
Amgen,
Inc.
(Biotechnology)
.........
267
1,722
Amphenol
Corp.,
Class
A
(Electronic
Equipment,
Instruments
&
Components)
.................
218
686
Analog
Devices,
Inc.
(Semiconductors
&
Semiconductor
Equipment)
.......
218
860
Annaly
Capital
Management,
Inc.
(Mortgage
Real
Estate
Investment
Trusts
(REITs))
...............
18
605
Apollo
Global
Management,
Inc.
(Financial
Services)
....................
67
20,626
Apple,
Inc.
(Technology
Hardware,
Storage
&
Peripherals)
................
5,234
1,111
Applied
Materials,
Inc.
(Semiconductors
&
Semiconductor
Equipment)
.......
380
330
AppLovin
Corp.,
Class
A
(Software)(a)
..
131
667
Archer-Daniels-Midland
Co.
(Food
Products)
....................
48
297
Ares
Management
Corp.,
Class
A
(Capital
Markets)
....................
32
1,488
Arista
Networks,
Inc.
(Communications
Equipment)(a)
................
183
356
Arthur
J.
Gallagher
&
Co.
(Insurance)
...
77
309
AST
SpaceMobile,
Inc.
(Diversified
Telecommunication
Services)(a)
...
26
9,946
AT&T,
Inc.
(Diversified
Telecommunication
Services)
....................
288
218
Atmos
Energy
Corp.
(Gas
Utilities)
.....
40
296
Autodesk,
Inc.
(Software)(a)
..........
71
565
Automatic
Data
Processing,
Inc.
(Professional
Services)
..........
115
24
AutoZone,
Inc.
(Specialty
Retail)(a)
.....
81
207
AvalonBay
Communities,
Inc.
(Residential
REITs)
.....................
34
119
Avery
Dennison
Corp.
(Containers
&
Packaging)
..................
21
104
Axon
Enterprise,
Inc.
(Aerospace
&
Defense)(a)
..................
44
1,370
Baker
Hughes
Co.
(Energy
Equipment
&
Services)
....................
84
372
Ball
Corp.
(Containers
&
Packaging)
....
22
9,647
Bank
of
America
Corp.
(Banks)
........
470
398
Becton
Dickinson
&
Co.
(Health
Care
Equipment
&
Supplies)
.........
63
1,928
Berkshire
Hathaway,
Inc.,
Class
B
(Financial
Services)(a)
..................
924
307
Best
Buy
Co.,
Inc.
(Specialty
Retail)
....
20
202
Biogen,
Inc.
(Biotechnology)(a)
.......
37
205
Blackrock,
Inc.
(Capital
Markets)
......
197
757
Block,
Inc.,
Class
A
(Financial
Services)(a)
46
323
Bloom
Energy
Corp.,
Class
A
(Electrical
Equipment)(a)
................
44
45
Booking
Holdings,
Inc.
(Hotels,
Restaurants
&
Leisure)
...................
189
38
HC
CAPITAL
TRUST
The
ESG
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
States
(continued)
2,059
Boston
Scientific
Corp.
(Health
Care
Equipment
&
Supplies)(a)
.......
$
129
2,834
Bristol-Myers
Squibb
Co.
(Pharmaceuticals)
172
6,319
Broadcom,
Inc.
(Semiconductors
&
Semiconductor
Equipment)
.......
1,956
161
Broadridge
Financial
Solutions,
Inc.
(Professional
Services)
..........
26
565
Brookfield
Asset
Management
Ltd.,
Class
A
(Capital
Markets)
..............
25
216
Brookfield
Renewable
Corp.
(Independent
Power
and
Renewable
Electricity
Producers)
...................
9
399
Brown
&
Brown,
Inc.
(Insurance)
......
26
146
Builders
FirstSource,
Inc.
(Building
Products)(a)
..................
12
182
Bunge
Global
SA
(Food
Products)
......
23
85
Burlington
Stores,
Inc.
(Specialty
Retail)(a)
28
379
Cadence
Design
Systems,
Inc.
(Software)(a)
105
902
Capital
One
Financial
Corp.
(Consumer
Finance)
....................
165
330
Cardinal
Health,
Inc.
(Health
Care
Providers
&
Services)
..................
70
59
Carlisle
Cos.,
Inc.
(Building
Products)
...
20
1,561
Carnival
Corp.
(Hotels,
Restaurants
&
Leisure)
....................
40
1,065
Carrier
Global
Corp.
(Building
Products)
.
60
193
Carvana
Co.,
Class
A
(Specialty
Retail)(a)
61
50
Casey's
General
Stores,
Inc.
(Consumer
Staples
Distribution
&
Retail)
.....
36
657
Caterpillar,
Inc.
(Machinery)
..........
465
148
Cboe
Global
Markets,
Inc.
(Capital
Markets)
42
415
CBRE
Group,
Inc.,
Class
A
(Real
Estate
Management
&
Development)(a)
...
56
179
CDW
Corp.
(Electronic
Equipment,
Instruments
&
Components)
......
22
256
Cencora,
Inc.
(Health
Care
Providers
&
Services)
....................
80
673
Centene
Corp.
(Health
Care
Providers
&
Services)(a)
..................
22
896
CenterPoint
Energy,
Inc.
(Multi-Utilities)
.
39
227
CF
Industries
Holdings,
Inc.
(Chemicals)
.
29
163
CH
Robinson
Worldwide,
Inc.
(Air
Freight
&
Logistics)
.................
27
122
Charter
Communications,
Inc.,
Class
A
(Media)(a)
...................
26
305
Cheniere
Energy,
Inc.
(Oil,
Gas
&
Consumable
Fuels)
.............
87
2,700
Chevron
Corp.
(Oil,
Gas
&
Consumable
Fuels)
......................
559
1,862
Chipotle
Mexican
Grill,
Inc.,
Class
A
(Hotels,
Restaurants
&
Leisure)(a)
..
60
338
Church
&
Dwight
Co.,
Inc.
(Household
Products)
....................
32
206
Ciena
Corp.
(Communications
Equipment)
(a)
........................
80
219
Cincinnati
Financial
Corp.
(Insurance)
...
34
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
States
(continued)
502
Cintas
Corp.
(Commercial
Services
&
Supplies)
....................
$
85
5,557
Cisco
Systems,
Inc.
(Communications
Equipment)
..................
431
2,540
Citigroup,
Inc.
(Banks)
..............
288
595
Citizens
Financial
Group,
Inc.
(Banks)
...
36
455
Cloudflare,
Inc.,
Class
A
(IT
Services)(a)
.
94
502
CME
Group,
Inc.,
Class
A
(Capital
Markets)
148
401
CMS
Energy
Corp.
(Multi-Utilities)
.....
31
1,325
Coeur
Mining,
Inc.
(Metals
&
Mining)(a)
.
25
682
Cognizant
Technology
Solutions
Corp.,
Class
A
(IT
Services)
...........
42
214
Coherent
Corp.
(Electronic
Equipment,
Instruments
&
Components)(a)
....
51
302
Coinbase
Global,
Inc.,
Class
A
(Capital
Markets)(a)
..................
53
1,068
Colgate-Palmolive
Co.
(Household
Products)
....................
91
5,114
Comcast
Corp.,
Class
A
(Diversified
Telecommunication
Services)
.....
147
49
Comfort
Systems
USA,
Inc.
(Construction
&
Engineering)
...............
68
1,734
ConocoPhillips
(Oil,
Gas
&
Consumable
Fuels)
......................
229
500
Consolidated
Edison,
Inc.
(Multi-Utilities)
57
197
Constellation
Brands,
Inc.,
Class
A
(Beverages)
..................
30
434
Constellation
Energy
Corp.
(Electric
Utilities)
....................
121
1,284
Copart,
Inc.
(Commercial
Services
&
Supplies)(a)
..................
43
357
Corebridge
Financial,
Inc.
(Financial
Services)
....................
9
1,132
Corning,
Inc.
(Electronic
Equipment,
Instruments
&
Components)
......
154
100
Corpay,
Inc.
(Financial
Services)(a)
.....
29
944
Corteva,
Inc.
(Chemicals)
............
79
616
CoStar
Group,
Inc.
(Real
Estate
Management
&
Development)(a)
...
25
623
Costco
Wholesale
Corp.
(Consumer
Staples
Distribution
&
Retail)
...........
621
1,130
Coterra
Energy,
Inc.
(Oil,
Gas
&
Consumable
Fuels)
.............
40
233
Credo
Technology
Group
Holding
Ltd.
(Semiconductors
&
Semiconductor
Equipment)(a)
................
22
349
Crowdstrike
Holdings,
Inc.,
Class
A
(Software)(a)
.................
136
600
Crown
Castle,
Inc.
(Specialized
REITs)
..
49
2,673
CSX
Corp.
(Ground
Transportation)
....
110
192
Cummins,
Inc.
(Machinery)
..........
103
47
Curtiss-Wright
Corp.
(Aerospace
&
Defense)
....................
32
1,764
CVS
Health
Corp.
(Health
Care
Providers
&
Services)
....................
127
373
D.R.
Horton,
Inc.
(Household
Durables)
..
51
39
HC
CAPITAL
TRUST
The
ESG
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
States
(continued)
896
Danaher
Corp.
(Life
Sciences
Tools
&
Services)
....................
$
170
177
Darden
Restaurants,
Inc.
(Hotels,
Restaurants
&
Leisure)
..........
35
427
Datadog,
Inc.,
Class
A
(Software)(a)
....
50
201
Deckers
Outdoor
Corp.
(Textiles,
Apparel
&
Luxury
Goods)(a)
.............
20
363
Deere
&
Co.
(Machinery)
............
204
450
Dell
Technologies,
Inc.,
Class
C
(Technology
Hardware,
Storage
&
Peripherals)
..................
74
243
Delta
Air
Lines,
Inc.
(Passenger
Airlines)
.
16
832
Devon
Energy
Corp.
(Oil,
Gas
&
Consumable
Fuels)
.............
42
545
Dexcom,
Inc.
(Health
Care
Equipment
&
Supplies)(a)
..................
34
259
Diamondback
Energy,
Inc.
(Oil,
Gas
&
Consumable
Fuels)
.............
51
88
Dick's
Sporting
Goods,
Inc.
(Specialty
Retail)
......................
17
472
Digital
Realty
Trust,
Inc.
(Specialized
REITs)
.....................
85
307
Dollar
General
Corp.
(Consumer
Staples
Distribution
&
Retail)
...........
36
273
Dollar
Tree,
Inc.
(Consumer
Staples
Distribution
&
Retail)(a)
.........
30
1,228
Dominion
Energy,
Inc.
(Multi-Utilities)
..
76
43
Domino's
Pizza,
Inc.
(Hotels,
Restaurants
&
Leisure)
....................
15
532
DoorDash,
Inc.,
Class
A
(Hotels,
Restaurants
&
Leisure)(a)
.................
80
191
Dover
Corp.
(Machinery)
............
40
951
Dow,
Inc.
(Chemicals)
..............
40
665
DraftKings,
Inc.
(Hotels,
Restaurants
&
Leisure)(a)
..................
14
286
DTE
Energy
Co.
(Multi-Utilities)
......
42
1,077
Duke
Energy
Corp.
(Electric
Utilities)
...
141
560
DuPont
de
Nemours,
Inc.
(Chemicals)
...
26
638
eBay,
Inc.
(Broadline
Retail)
..........
58
355
Ecolab,
Inc.
(Chemicals)
.............
94
532
Edison
International
(Electric
Utilities)
..
39
815
Edwards
Lifesciences
Corp.
(Health
Care
Equipment
&
Supplies)(a)
.......
65
332
Electronic
Arts,
Inc.
(Entertainment)
....
68
313
Elevance
Health,
Inc.
(Health
Care
Providers
&
Services)
...........
92
1,128
Eli
Lilly
&
Co.
(Pharmaceuticals)
......
1,038
62
EMCOR
Group,
Inc.
(Construction
&
Engineering)
.................
46
780
Emerson
Electric
Co.
(Electrical
Equipment)
102
227
Entegris,
Inc.
(Semiconductors
&
Semiconductor
Equipment)
.......
27
612
Entergy
Corp.
(Electric
Utilities)
.......
69
753
EOG
Resources,
Inc.
(Oil,
Gas
&
Consumable
Fuels)
.............
109
860
EQT
Corp.
(Oil,
Gas
&
Consumable
Fuels)
55
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
States
(continued)
170
Equifax,
Inc.
(Professional
Services)
....
$
31
139
Equinix,
Inc.
(Specialized
REITs)
......
136
472
Equitable
Holdings,
Inc.
(Financial
Services)
....................
18
519
Equity
Residential
(Residential
REITs)
..
31
311
Evergy,
Inc.
(Electric
Utilities)
........
25
420
Everpure,
Inc.,
Class
A
(Technology
Hardware,
Storage
&
Peripherals)(a)
25
508
Eversource
Energy
(Electric
Utilities)
...
35
1,396
Exelon
Corp.
(Electric
Utilities)
.......
68
348
Expand
Energy
Corp.
(Oil,
Gas
&
Consumable
Fuels)
.............
38
173
Expedia
Group,
Inc.
(Hotels,
Restaurants
&
Leisure)
....................
40
188
Expeditors
International
of
Washington,
Inc.
(Air
Freight
&
Logistics)
........
27
292
Extra
Space
Storage,
Inc.
(Specialized
REITs)
.....................
38
5,940
Exxon
Mobil
Corp.
(Oil,
Gas
&
Consumable
Fuels)
......................
1,008
77
F5,
Inc.
(Communications
Equipment)(a)
.
22
33
Fair
Isaac
Corp.
(Software)(a)
.........
35
1,600
Fastenal
Co.
(Trading
Companies
&
Distributors)
.................
74
312
FedEx
Corp.
(Air
Freight
&
Logistics)
...
111
274
Ferguson
Enterprises,
Inc.
(Trading
Companies
&
Distributors)
.......
64
392
Fidelity
National
Financial,
Inc.
(Insurance)
18
718
Fidelity
National
Information
Services,
Inc.
(Financial
Services)
............
34
1,300
Fifth
Third
Bancorp
(Banks)
..........
60
13
First
Citizens
BancShares,
Inc.,
Class
A
(Banks)
.....................
25
141
First
Solar,
Inc.
(Semiconductors
&
Semiconductor
Equipment)(a)
.....
28
753
FirstEnergy
Corp.
(Electric
Utilities)
....
38
786
Fiserv,
Inc.
(Financial
Services)(a)
......
44
521
Flex
Ltd.
(Electronic
Equipment,
Instruments
&
Components)(a)
....
34
229
Flutter
Entertainment
PLC,
Class
DI
(Hotels,
Restaurants
&
Leisure)(a)
..
23
5,477
Ford
Motor
Co.
(Automobiles)
........
63
907
Fortinet,
Inc.
(Software)(a)
...........
74
467
Fortive
Corp.
(Machinery)
...........
26
312
Fox
Corp.,
Class
A
(Media)
...........
18
187
Fox
Corp.,
Class
B
(Media)
...........
10
1,992
Freeport-McMoRan,
Inc.
(Metals
&
Mining)
117
142
FTAI
Aviation
Ltd.
(Aerospace
&
Defense)
(b)
........................
35
404
Gaming
and
Leisure
Properties,
Inc.
(Specialized
REITs)
............
18
94
Gartner,
Inc.
(IT
Services)(a)
..........
15
633
GE
HealthCare
Technologies,
Inc.
(Health
Care
Equipment
&
Supplies)
......
45
383
GE
Vernova,
Inc.
(Electrical
Equipment)
.
334
40
HC
CAPITAL
TRUST
The
ESG
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
States
(continued)
841
Gen
Digital,
Inc.
(Software)
..........
$
16
320
General
Dynamics
Corp.
(Aerospace
&
Defense)
....................
110
1,487
General
Electric
Co.
(Aerospace
&
Defense)
422
733
General
Mills,
Inc.
(Food
Products)
.....
27
1,329
General
Motors
Co.
(Automobiles)
.....
99
185
Genuine
Parts
Co.
(Distributors)
.......
20
1,752
Gilead
Sciences,
Inc.
(Biotechnology)
...
244
315
Global
Payments,
Inc.
(Financial
Services)
21
178
GoDaddy,
Inc.,
Class
A
(IT
Services)(a)
..
15
253
Graco,
Inc.
(Machinery)
.............
21
1,179
Halliburton
Co.
(Energy
Equipment
&
Services)
....................
46
228
HCA
Healthcare,
Inc.
(Health
Care
Providers
&
Services)
...........
108
1,057
Healthpeak
Properties,
Inc.
(Health
Care
REITs)
.....................
17
53
HEICO
Corp.
(Aerospace
&
Defense)
...
15
120
HEICO
Corp.,
Class
A
(Aerospace
&
Defense)
....................
25
1,827
Hewlett
Packard
Enterprise
Co.
(Technology
Hardware,
Storage
&
Peripherals)
..
44
324
Hilton
Worldwide
Holdings,
Inc.
(Hotels,
Restaurants
&
Leisure)
..........
99
300
Hologic,
Inc.
(Health
Care
Equipment
&
Supplies)(a)
..................
23
897
Honeywell
International,
Inc.
(Industrial
Conglomerates)
...............
203
452
Hormel
Foods
Corp.
(Food
Products)
....
10
534
Howmet
Aerospace,
Inc.
(Aerospace
&
Defense)
....................
123
1,431
HP,
Inc.
(Technology
Hardware,
Storage
&
Peripherals)
..................
27
73
Hubbell,
Inc.
(Electrical
Equipment)
....
36
74
HubSpot,
Inc.
(Software)(a)
..........
18
166
Humana,
Inc.
(Health
Care
Providers
&
Services)
....................
29
2,868
Huntington
Bancshares,
Inc.
(Banks)
....
45
62
Hyatt
Hotels
Corp.,
Class
A
(Hotels,
Restaurants
&
Leisure)
..........
9
99
IDEX
Corp.
(Machinery)
............
19
111
IDEXX
Laboratories,
Inc.
(Health
Care
Equipment
&
Supplies)(a)
.......
62
386
Illinois
Tool
Works,
Inc.
(Machinery)
....
100
214
Illumina,
Inc.
(Life
Sciences
Tools
&
Services)(a)
..................
26
248
Incyte
Corp.
(Biotechnology)(a)
.......
23
553
Ingersoll
Rand,
Inc.
(Machinery)
.......
44
316
Insmed,
Inc.
(Biotechnology)(a)
.......
52
107
Insulet
Corp.
(Health
Care
Equipment
&
Supplies)(a)
..................
22
6,361
Intel
Corp.
(Semiconductors
&
Semiconductor
Equipment)(a)
.....
281
656
Interactive
Brokers
Group,
Inc.,
Class
A
(Capital
Markets)
..............
44
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
States
(continued)
795
Intercontinental
Exchange,
Inc.
(Capital
Markets)
....................
$
125
1,309
International
Business
Machines
Corp.
(IT
Services)
....................
317
389
International
Flavors
&
Fragrances,
Inc.
(Chemicals)
..................
28
676
International
Paper
Co.
(Containers
&
Packaging)
..................
24
393
Intuit,
Inc.
(Software)
...............
170
498
Intuitive
Surgical,
Inc.
(Health
Care
Equipment
&
Supplies)(a)
.......
230
882
Invitation
Homes,
Inc.
(Residential
REITs)
22
432
IonQ,
Inc.
(Technology
Hardware,
Storage
&
Peripherals)(a)
..............
12
237
IQVIA
Holdings,
Inc.
(Life
Sciences
Tools
&
Services)(a)
................
40
415
Iron
Mountain,
Inc.
(Specialized
REITs)
.
42
149
Jabil,
Inc.
(Electronic
Equipment,
Instruments
&
Components)
......
40
110
Jack
Henry
&
Associates,
Inc.
(Financial
Services)
....................
17
164
Jacobs
Solutions,
Inc.
(Professional
Services)
....................
21
106
JB
Hunt
Transport
Services,
Inc.
(Ground
Transportation)
...............
22
3,384
Johnson
&
Johnson
(Pharmaceuticals)
...
827
874
Johnson
Controls
International
PLC
(Building
Products)
............
114
3,823
JPMorgan
Chase
&
Co.
(Banks)
.......
1,125
2,668
Kenvue,
Inc.
(Personal
Care
Products)
...
46
1,786
Keurig
Dr
Pepper,
Inc.
(Beverages)
.....
47
1,253
KeyCorp
(Banks)
..................
25
239
Keysight
Technologies,
Inc.
(Electronic
Equipment,
Instruments
&
Components)(a)
...............
67
458
Kimberly-Clark
Corp.
(Household
Products)
44
1,014
Kimco
Realty
Corp.
(Retail
REITs)
.....
23
2,783
Kinder
Morgan,
Inc.
(Oil,
Gas
&
Consumable
Fuels)
.............
93
866
KKR
&
Co.,
Inc.
(Capital
Markets)
.....
80
184
KLA
Corp.
(Semiconductors
&
Semiconductor
Equipment)
.......
271
262
L3Harris
Technologies,
Inc.
(Aerospace
&
Defense)
....................
90
116
Labcorp
Holdings,
Inc.
(Health
Care
Providers
&
Services)
...........
31
1,772
Lam
Research
Corp.
(Semiconductors
&
Semiconductor
Equipment)
.......
379
434
Las
Vegas
Sands
Corp.
(Hotels,
Restaurants
&
Leisure)
...................
23
171
Leidos
Holdings,
Inc.
(Professional
Services)
....................
27
295
Lennar
Corp.,
Class
A
(Household
Durables)
26
42
Lennox
International,
Inc.
(Building
Products)
....................
19
281
Liberty
Media
Corp.-Liberty
Formula
One
(Entertainment)(a)
.............
24
41
HC
CAPITAL
TRUST
The
ESG
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
States
(continued)
660
Linde
PLC
(Chemicals)
.............
$
327
219
Live
Nation
Entertainment,
Inc.
(Entertainment)(a)
.............
33
293
Lockheed
Martin
Corp.
(Aerospace
&
Defense)
....................
177
246
Loews
Corp.
(Insurance)
.............
26
779
Lowe's
Cos.,
Inc.
(Specialty
Retail)
.....
184
111
LPL
Financial
Holdings,
Inc.
(Capital
Markets)
....................
33
99
Lumentum
Holdings,
Inc.
(Communications
Equipment)(a)
................
70
394
LyondellBasell
Industries
N.V.,
Class
A
(Chemicals)
..................
32
217
M&T
Bank
Corp.
(Banks)
............
45
422
Marathon
Petroleum
Corp.
(Oil,
Gas
&
Consumable
Fuels)
.............
103
18
Markel
Group,
Inc.
(Insurance)(a)
......
34
319
Marriott
International,
Inc.,
Class
A
(Hotels,
Restaurants
&
Leisure)
..........
104
683
Marsh
&
McLennan
Cos.,
Inc.
(Insurance)
118
84
Martin
Marietta
Materials,
Inc.
(Construction
Materials)
.........
49
1,198
Marvell
Technology,
Inc.
(Semiconductors
&
Semiconductor
Equipment)
.....
119
280
Masco
Corp.
(Building
Products)
.......
17
1,193
Mastercard,
Inc.,
Class
A
(Financial
Services)
....................
596
382
McCormick
&
Co.,
Inc.
(Food
Products)
.
19
1,002
McDonald's
Corp.
(Hotels,
Restaurants
&
Leisure)
....................
311
173
McKesson
Corp.
(Health
Care
Providers
&
Services)
....................
150
3,477
Merck
&
Co.,
Inc.
(Pharmaceuticals)
....
418
779
MetLife,
Inc.
(Insurance)
............
55
29
Mettler-Toledo
International,
Inc.
(Life
Sciences
Tools
&
Services)(a)
.....
37
753
Microchip
Technology,
Inc.
(Semiconductors
&
Semiconductor
Equipment)
..................
49
1,580
Micron
Technology,
Inc.
(Semiconductors
&
Semiconductor
Equipment)
.......
534
9,894
Microsoft
Corp.
(Software)
...........
3,661
177
Mid-America
Apartment
Communities,
Inc.
(Residential
REITs)
............
22
1,797
Mondelez
International,
Inc.,
Class
A
(Food
Products)
....................
104
113
MongoDB,
Inc.,
Class
A
(IT
Services)(a)
.
28
67
Monolithic
Power
Systems,
Inc.
(Semiconductors
&
Semiconductor
Equipment)
..................
73
1,019
Monster
Beverage
Corp.
(Beverages)(a)
..
74
224
Moody's
Corp.
(Capital
Markets)
.......
98
1,682
Morgan
Stanley
(Capital
Markets)
......
277
240
Motorola
Solutions,
Inc.
(Communications
Equipment)
..................
104
655
Nasdaq,
Inc.
(Capital
Markets)
........
56
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
States
(continued)
181
Natera,
Inc.
(Biotechnology)(a)
........
$
36
274
NetApp,
Inc.
(Technology
Hardware,
Storage
&
Peripherals)
..........
28
5,955
Netflix,
Inc.
(Entertainment)(a)
........
573
130
Neurocrine
Biosciences,
Inc.
(Biotechnology)(a)
.............
17
1,553
Newmont
Corp.
(Metals
&
Mining)
.....
168
561
News
Corp.,
Class
A
(Media)
.........
14
2,902
NextEra
Energy,
Inc.
(Electric
Utilities)
..
270
1,648
NIKE,
Inc.,
Class
B
(Textiles,
Apparel
&
Luxury
Goods)
...............
87
638
NiSource,
Inc.
(Multi-Utilities)
........
30
70
Nordson
Corp.
(Machinery)
..........
19
311
Norfolk
Southern
Corp.
(Ground
Transportation)
...............
89
264
Northern
Trust
Corp.
(Capital
Markets)
..
37
190
Northrop
Grumman
Corp.
(Aerospace
&
Defense)
....................
130
286
NRG
Energy,
Inc.
(Electric
Utilities)
....
42
319
Nucor
Corp.
(Metals
&
Mining)
.......
54
34,089
NVIDIA
Corp.
(Semiconductors
&
Semiconductor
Equipment)
.......
5,944
4
NVR,
Inc.
(Household
Durables)(a)
.....
26
1,013
Occidental
Petroleum
Corp.
(Oil,
Gas
&
Consumable
Fuels)
.............
66
169
Oklo,
Inc.,
Class
A
(Electric
Utilities)(a)
.
8
249
Okta,
Inc.,
Class
A
(IT
Services)(a)
.....
20
263
Old
Dominion
Freight
Line,
Inc.
(Ground
Transportation)
...............
51
460
Omnicom
Group,
Inc.
(Media)
........
35
572
ON
Semiconductor
Corp.
(Semiconductors
&
Semiconductor
Equipment)(a)
...
35
871
ONEOK,
Inc.
(Oil,
Gas
&
Consumable
Fuels)
......................
79
2,427
Oracle
Corp.
(Software)
.............
357
1,177
O'Reilly
Automotive,
Inc.
(Specialty
Retail)
(a)
........................
109
545
Otis
Worldwide
Corp.
(Machinery)
.....
42
730
PACCAR,
Inc.
(Machinery)
..........
84
120
Packaging
Corp.
of
America
(Containers
&
Packaging)
..................
25
3,191
Palantir
Technologies,
Inc.,
Class
A
(Software)(a)
.................
467
1,126
Palo
Alto
Networks,
Inc.
(Software)(a)
...
181
176
Parker-Hannifin
Corp.
(Machinery)
.....
158
442
Paychex,
Inc.
(Professional
Services)
....
41
1,254
PayPal
Holdings,
Inc.
(Financial
Services)
57
1,922
PepsiCo,
Inc.
(Beverages)
............
298
7,927
Pfizer,
Inc.
(Pharmaceuticals)
.........
223
3,050
PG&E
Corp.
(Electric
Utilities)
........
54
561
Phillips
66
(Oil,
Gas
&
Consumable
Fuels)
102
200
Pinnacle
Financial
Partners,
Inc.
(Banks)
.
17
869
Pinterest,
Inc.,
Class
A
(Interactive
Media
&
Services)(a)
..................
16
314
PPG
Industries,
Inc.
(Chemicals)
.......
34
42
HC
CAPITAL
TRUST
The
ESG
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
States
(continued)
1,019
PPL
Corp.
(Electric
Utilities)
..........
$
39
309
Principal
Financial
Group,
Inc.
(Insurance)
28
1,288
Prologis,
Inc.
(Industrial
REITs)
.......
170
484
Prudential
Financial,
Inc.
(Insurance)
....
47
182
PTC,
Inc.
(Software)(a)
.............
26
684
Public
Service
Enterprise
Group,
Inc.
(Multi-Utilities)
...............
55
218
Public
Storage
(Specialized
REITs)
.....
59
274
PulteGroup,
Inc.
(Household
Durables)
..
32
1,494
QUALCOMM,
Inc.
(Semiconductors
&
Semiconductor
Equipment)
.......
192
207
Quanta
Services,
Inc.
(Construction
&
Engineering)
.................
114
153
Quest
Diagnostics,
Inc.
(Health
Care
Providers
&
Services)
...........
30
261
Raymond
James
Financial,
Inc.
(Capital
Markets)
....................
38
251
RB
Global,
Inc.
(Commercial
Services
&
Supplies)
....................
24
1,267
Realty
Income
Corp.
(Retail
REITs)
.....
78
141
Reddit,
Inc.,
Class
A
(Interactive
Media
&
Services)(a)
..................
19
261
Regency
Centers
Corp.
(Retail
REITs)
...
20
145
Regeneron
Pharmaceuticals,
Inc.
(Biotechnology)
...............
112
1,237
Regions
Financial
Corp.
(Banks)
.......
32
72
Reliance,
Inc.
(Metals
&
Mining)
......
22
304
Republic
Services,
Inc.,
Class
A
(Commercial
Services
&
Supplies)
.
67
204
ResMed,
Inc.
(Health
Care
Equipment
&
Supplies)
....................
46
464
Restaurant
Brands
International,
Inc.
(Hotels,
Restaurants
&
Leisure)
....
34
1,201
Rivian
Automotive,
Inc.,
Class
A
(Automobiles)(a)
..............
18
1,020
Robinhood
Markets,
Inc.,
Class
A
(Capital
Markets)(a)
..................
71
858
ROBLOX
Corp.,
Class
A
(Entertainment)(a)
49
1,436
Rocket
Cos.,
Inc.,
Class
A
(Financial
Services)(a)
..................
20
671
Rocket
Lab
Corp.
(Aerospace
&
Defense)(a)
43
155
Rockwell
Automation,
Inc.
(Electrical
Equipment)
..................
56
434
Rollins,
Inc.
(Commercial
Services
&
Supplies)
....................
23
157
Roper
Technologies,
Inc.
(Software)
....
56
451
Ross
Stores,
Inc.
(Specialty
Retail)
.....
98
359
Royal
Caribbean
Cruises
Ltd.
(Hotels,
Restaurants
&
Leisure)
..........
99
575
Royalty
Pharma
PLC,
Class
A
(Pharmaceuticals)
.............
28
167
RPM
International,
Inc.
(Chemicals)
....
17
1,881
RTX
Corp.
(Aerospace
&
Defense)
.....
363
434
S&P
Global,
Inc.
(Capital
Markets)
.....
185
1,324
Salesforce,
Inc.
(Software)
...........
247
498
Samsara,
Inc.,
Class
A
(Software)(a)
....
16
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
States
(continued)
163
SBA
Communications
Corp.,
Class
A
(Specialized
REITs)
............
$
28
305
Seagate
Technology
Holdings
PLC
(Technology
Hardware,
Storage
&
Peripherals)
..................
119
938
Sempra
(Multi-Utilities)
.............
91
1,444
ServiceNow,
Inc.
(Software)(a)
........
151
449
Simon
Property
Group,
Inc.
(Retail
REITs)
84
2,075
SLB
Ltd.
(Energy
Equipment
&
Services)
107
1,618
Snap,
Inc.,
Class
A
(Interactive
Media
&
Services)(a)
..................
7
71
Snap-on,
Inc.
(Machinery)
...........
26
447
Snowflake,
Inc.,
Class
A
(IT
Services)(a)
.
67
224
Solventum
Corp.
(Health
Care
Equipment
&
Supplies)(a)
..................
15
1,579
Starbucks
Corp.
(Hotels,
Restaurants
&
Leisure)
....................
141
391
State
Street
Corp.
(Capital
Markets)
.....
49
195
Steel
Dynamics,
Inc.
(Metals
&
Mining)
.
35
137
STERIS
PLC
(Health
Care
Equipment
&
Supplies)
....................
30
363
Strategy,
Inc.,
Class
A
(Software)(a)
.....
45
478
Stryker
Corp.
(Health
Care
Equipment
&
Supplies)
....................
157
166
Sun
Communities,
Inc.
(Residential
REITs)
21
585
Sunbelt
Rentals
Holdings,
Inc.
(Trading
Companies
&
Distributors)
.......
37
509
Synchrony
Financial
(Consumer
Finance)
35
266
Synopsys,
Inc.
(Software)(a)
..........
105
664
Sysco
Corp.
(Consumer
Staples
Distribution
&
Retail)
....................
47
298
T.
Rowe
Price
Group,
Inc.
(Capital
Markets)
27
257
Take-Two
Interactive
Software,
Inc.
(Entertainment)(a)
.............
51
290
Tapestry,
Inc.
(Textiles,
Apparel
&
Luxury
Goods)
.....................
41
299
Targa
Resources
Corp.
(Oil,
Gas
&
Consumable
Fuels)
.............
75
632
Target
Corp.
(Consumer
Staples
Distribution
&
Retail)
....................
77
66
Teledyne
Technologies,
Inc.
(Electronic
Equipment,
Instruments
&
Components)(a)
...............
40
219
Teradyne,
Inc.
(Semiconductors
&
Semiconductor
Equipment)
.......
65
3,961
Tesla,
Inc.
(Automobiles)(a)
..........
1,473
1,282
Texas
Instruments,
Inc.
(Semiconductors
&
Semiconductor
Equipment)
.......
249
80
Texas
Pacific
Land
Corp.
(Oil,
Gas
&
Consumable
Fuels)
.............
38
245
Textron,
Inc.
(Aerospace
&
Defense)
....
21
367
The
Allstate
Corp.
(Insurance)
.........
76
1,000
The
Bank
of
New
York
Mellon
Corp.
(Capital
Markets)
..............
119
1,100
The
Boeing
Co.
(Aerospace
&
Defense)(a)
219
351
The
Carlyle
Group,
Inc.
(Capital
Markets)
17
43
HC
CAPITAL
TRUST
The
ESG
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
States
(continued)
2,398
The
Charles
Schwab
Corp.
(Capital
Markets)
....................
$
225
372
The
Cigna
Group
(Health
Care
Providers
&
Services)
....................
99
159
The
Clorox
Co.
(Household
Products)
...
16
5,734
The
Coca-Cola
Co.
(Beverages)
.......
436
263
The
Cooper
Cos.,
Inc.
(Health
Care
Equipment
&
Supplies)(a)
.......
19
349
The
Estee
Lauder
Cos.,
Inc.,
Class
A
(Personal
Care
Products)
........
25
425
The
Goldman
Sachs
Group,
Inc.
(Capital
Markets)
....................
360
392
The
Hartford
Insurance
Group,
Inc.
(Insurance)
..................
53
206
The
Hershey
Co.
(Food
Products)
......
43
1,394
The
Home
Depot,
Inc.
(Specialty
Retail)
.
458
1,216
The
Kraft
Heinz
Co.
(Food
Products)
....
27
874
The
Kroger
Co.
(Consumer
Staples
Distribution
&
Retail)
...........
63
548
The
PNC
Financial
Services
Group,
Inc.
(Banks)
.....................
114
3,279
The
Procter
&
Gamble
Co.
(Household
Products)
....................
474
815
The
Progressive
Corp.
(Insurance)
......
162
329
The
Sherwin-Williams
Co.
(Chemicals)
..
105
1,562
The
Southern
Co.
(Electric
Utilities)
....
151
1,566
The
TJX
Cos.,
Inc.
(Specialty
Retail)
....
250
678
The
Trade
Desk,
Inc.,
Class
A
(Media)(a)
.
15
314
The
Travelers
Cos.,
Inc.
(Insurance)
.....
92
2,505
The
Walt
Disney
Co.
(Entertainment)
....
241
1,699
The
Williams
Cos.,
Inc.
(Oil,
Gas
&
Consumable
Fuels)
.............
124
525
Thermo
Fisher
Scientific,
Inc.
(Life
Sciences
Tools
&
Services)
..............
258
703
T-Mobile
US,
Inc.
(Wireless
Telecommunication
Services)
.....
148
592
Toast,
Inc.,
Class
A
(Financial
Services)(a)
16
732
Tractor
Supply
Co.
(Specialty
Retail)
....
33
147
Tradeweb
Markets,
Inc.,
Class
A
(Capital
Markets)
....................
17
78
TransDigm
Group,
Inc.
(Aerospace
&
Defense)
....................
90
294
TransUnion
(Professional
Services)
.....
20
320
Trimble,
Inc.
(Software)(a)
...........
21
1,788
Truist
Financial
Corp.
(Banks)
.........
82
221
Twilio,
Inc.,
Class
A
(IT
Services)(a)
....
28
65
Tyler
Technologies,
Inc.
(Software)(a)
...
22
382
Tyson
Foods,
Inc.,
Class
A
(Food
Products)
24
2,159
U.S.
Bancorp
(Banks)
...............
112
2,757
Uber
Technologies,
Inc.
(Ground
Transportation)(a)
.............
198
392
UDR,
Inc.
(Residential
REITs)
........
13
62
Ulta
Beauty,
Inc.
(Specialty
Retail)(a)
...
32
838
Union
Pacific
Corp.
(Ground
Transportation)
...............
203
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
States
(continued)
93
United
Airlines
Holdings,
Inc.
(Passenger
Airlines)(a)
..................
$
9
1,023
United
Parcel
Service,
Inc.,
Class
B
(Air
Freight
&
Logistics)
............
101
89
United
Rentals,
Inc.
(Trading
Companies
&
Distributors)
.................
65
57
United
Therapeutics
Corp.
(Biotechnology)
(a)
........................
34
1,273
UnitedHealth
Group,
Inc.
(Health
Care
Providers
&
Services)
...........
344
431
Valero
Energy
Corp.
(Oil,
Gas
&
Consumable
Fuels)
.............
106
216
Veeva
Systems,
Inc.,
Class
A
(Health
Care
Technology)(a)
...............
38
669
Ventas,
Inc.
(Health
Care
REITs)
.......
55
337
Veralto
Corp.
(Commercial
Services
&
Supplies)
....................
30
117
VeriSign,
Inc.
(IT
Services)
...........
29
194
Verisk
Analytics,
Inc.,
Class
A
(Professional
Services)
....................
37
5,932
Verizon
Communications,
Inc.
(Diversified
Telecommunication
Services)
.....
298
357
Vertex
Pharmaceuticals,
Inc.
(Biotechnology)(a)
.............
159
1,471
VICI
Properties,
Inc.,
Class
A
(Specialized
REITs)
.....................
40
2,365
Visa,
Inc.,
Class
A
(Financial
Services)
..
715
470
Vistra
Corp.
(Independent
Power
and
Renewable
Electricity
Producers)
..
71
183
Vulcan
Materials
Co.
(Construction
Materials)
...................
50
397
W.R.
Berkley
Corp.
(Insurance)
........
26
63
W.W.
Grainger,
Inc.
(Trading
Companies
&
Distributors)
.................
69
6,160
Walmart,
Inc.
(Consumer
Staples
Distribution
&
Retail)
...........
766
3,390
Warner
Bros.
Discovery,
Inc.
(Entertainment)(a)
.............
93
561
Waste
Management,
Inc.
(Commercial
Services
&
Supplies)
...........
129
134
Waters
Corp.
(Life
Sciences
Tools
&
Services)(a)
..................
40
54
Watsco,
Inc.
(Trading
Companies
&
Distributors)
.................
20
441
WEC
Energy
Group,
Inc.
(Multi-Utilities)
51
4,420
Wells
Fargo
&
Co.
(Banks)
...........
352
962
Welltower,
Inc.
(Health
Care
REITs)
....
190
95
West
Pharmaceutical
Services,
Inc.
(Life
Sciences
Tools
&
Services)
.......
24
483
Western
Digital
Corp.
(Technology
Hardware,
Storage
&
Peripherals)
..
131
238
Westinghouse
Air
Brake
Technologies
Corp.
(Machinery)
.................
59
1,100
Weyerhaeuser
Co.
(Specialized
REITs)
..
27
169
Williams-Sonoma,
Inc.
(Specialty
Retail)
.
31
301
Workday,
Inc.,
Class
A
(Software)(a)
....
39
330
WP
Carey,
Inc.
(Diversified
REITs)
.....
22
44
HC
CAPITAL
TRUST
The
ESG
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
States
(continued)
816
Xcel
Energy,
Inc.
(Electric
Utilities)
.....
$
65
338
Xylem,
Inc.
(Machinery)
.............
40
386
Yum!
Brands,
Inc.
(Hotels,
Restaurants
&
Leisure)
....................
60
65
Zebra
Technologies
Corp.
(Electronic
Equipment,
Instruments
&
Components)(a)
...............
14
242
Zillow
Group,
Inc.,
Class
C
(Real
Estate
Management
&
Development)(a)
...
10
266
Zimmer
Biomet
Holdings,
Inc.
(Health
Care
Equipment
&
Supplies)
.........
24
616
Zoetis,
Inc.,
Class
A
(Pharmaceuticals)
...
73
338
Zoom
Communications,
Inc.,
Class
A
(Software)(a)
.................
27
147
Zscaler,
Inc.
(Software)(a)
............
21
75,196
Uruguay
—
0.10%
64
MercadoLibre,
Inc.
(Broadline
Retail)(a)
.
111
Total
Common
Stocks
(cost
$50,029
)
...
108,922
Right
—
0.00%
Italy
—
0.00%
20,012
Telecom
Italia
SpA,
4/1/26
(Diversified
Telecommunication
Services)(a)
...
—
Total
Right
(cost
$—
)
..............
—
Shares
Security
Description
Value
(000)
Warrant
—
0.00%
Canada
—
0.00%
60
Constellation
Software,
Inc.,
3/31/40
(Software)(a)(c)
...............
$
—
Total
Warrant
(cost
$—
)
............
—
Investment
Companies
—
0.86%
Money
Market
Funds
—
0.86%
227,731
Federated
Hermes
Treasury
Obligations
Fund,
Institutional
Shares
,
3.53%^^(d)
228
715,316
State
Street
Institutional
Treasury
Plus
Money
Market
Fund,
Trust
Class
,
3.55%(d)
....................
715
Total
Investment
Companies
(cost
$943
)
943
Total
Investments
(cost
$50,972
)
—
99.80%
.....................
109,865
Other
assets
in
excess
of
liabilities
—
0.20%
......................
219
Net
Assets
-
100.00%
..............
$
110,084
Amounts
designated
as
"—"
are
$0
or
have
been
rounded
to
$0.
^
All
or
part
of
this
security
was
on
loan
as
of
March
31,
2026.
^^
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,
2026.
(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,
2026.
(d)
Annualized
7-day
yield
as
of
period-end.
ADR—American
Depositary
Receipt
PLC
—
Public
Limited
Company
REIT—Real
Estate
Investment
Trust
45
HC
CAPITAL
TRUST
The
ESG
Growth
Portfolio
Portfolio
of
Investments
(concluded)
—
March
31,
2026
(Unaudited)
The
following
table
reflects
the
percentage
of
total
net
assets
of
the
Portfolio
attributable
to
each
Specialist
Manager
as
of
March
31,
2026.
The
ESG
Growth
Portfolio
Mellon
Investments
Corporation
Parametric
Portfolio
Associates,
LLC
Total
Common
Stocks
......................................................................................................................................................
98.94
%
—
98.94
%
Right
........................................................................................................................................................................
—
—
—
%
Warrant
....................................................................................................................................................................
—
—
—
%
Investment
Companies
.............................................................................................................................................
0.26
%
0.60
%
0.86
%
Other
Assets
(Liabilities)
.........................................................................................................................................
0.08
%
0.12
%
0.20
%
Total
Net
Assets
..................................................................................................................................................
99.28
%
0.72
%
100.00
%
The
following
table
reflects
the
open
derivative
positions
held
by
the
Portfolio
as
of
March
31,
2026
.
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
6/18/26
$
657
$
(16)
$
657
$
(16)
Total
Unrealized
Appreciation
.....................
$
—
Total
Unrealized
Depreciation
.....................
(16)
Total
Net
Unrealized
Appreciation/(Depreciation)
.......
$
(16)
*
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,
2026
(Unaudited)
46
Shares
Security
Description
Value
(000)
Common
Stocks
—
99.75%
Australia
—
1.86%
3,064
ANZ
Group
Holdings
Ltd.
(Banks)
.....
$
77
1,323
APA
Group
(Gas
Utilities)
...........
9
215
ASX
Ltd.
(Capital
Markets)
..........
8
163
Atlassian
Corp.,
Class
A
(Software)(a)
...
11
5,122
BHP
Group
Ltd.
(Metals
&
Mining)
.....
185
1,339
Brambles
Ltd.
(Commercial
Services
&
Supplies)
....................
21
377
CAR
Group
Ltd.
(Interactive
Media
&
Services)
....................
6
64
Cochlear
Ltd.
(
Health
Care
Equipment
&
Supplies)
....................
8
1,332
Coles
Group
Ltd.
(Consumer
Staples
Distribution
&
Retail)
...........
20
1,685
Commonwealth
Bank
of
Australia
(Banks)
198
511
Computershare
Ltd.
(Professional
Services)
10
1,983
Evolution
Mining
Ltd.
(Metals
&
Mining)
18
1,655
Fortescue
Ltd.
(Metals
&
Mining)
......
24
2,118
Goodman
Group
(Industrial
REITs)
.....
38
2,325
Insurance
Australia
Group
Ltd.
(Insurance)
12
323
IREN
Ltd.
(Software)(a)
.............
11
887
Lynas
Rare
Earths
Ltd.
(Metals
&
Mining)
(a)
........................
12
371
Macquarie
Group
Ltd.
(Capital
Markets)
.
53
2,734
Medibank
Pvt
Ltd.
(Insurance)
........
8
3,099
National
Australia
Bank
Ltd.
(Banks)
....
90
1,326
Northern
Star
Resources
Ltd.
(Metals
&
Mining)(b)
..................
19
1,699
Origin
Energy
Ltd.
(Electric
Utilities)
...
15
51
Pro
Medicus
Ltd.
(Health
Care
Technology)
4
903
Qantas
Airways
Ltd.
(Passenger
Airlines)
.
5
1,483
QBE
Insurance
Group
Ltd.
(Insurance)
..
22
48
REA
Group
Ltd.
(Interactive
Media
&
Services)
....................
5
367
Rio
Tinto
Ltd.
(Metals
&
Mining)
......
42
3,191
Santos
Ltd.
(Oil,
Gas
&
Consumable
Fuels)
(b)
........................
17
5,197
Scentre
Group
(
Retail
REITs)
.........
12
199
SGH
Ltd.
(Trading
Companies
&
Distributors)
.................
6
5,084
Sigma
Healthcare
Ltd.
(Health
Care
Providers
&
Services)
...........
9
464
Sonic
Healthcare
Ltd.
(Health
Care
Providers
&
Services)
...........
7
4,366
South32
Ltd.
(Metals
&
Mining)
.......
13
2,417
Stockland
(Diversified
REITs)
.........
7
1,065
Suncorp
Group
Ltd.
(Insurance)
.......
12
4,097
Telstra
Group
Ltd.
(Diversified
Telecommunication
Services)
.....
15
3,277
Transurban
Group
(
Transportation
Infrastructure)
................
32
3,837
Vicinity
Ltd.
(Retail
REITs)(b)
........
6
342
Washington
H
Soul
Pattinson
&
Co.
Ltd.
(Financial
Services)
............
10
1,155
Wesfarmers
Ltd.
(Broadline
Retail)
.....
59
3,433
Westpac
Banking
Corp.
(Banks)
.......
95
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Australia
(continued)
197
WiseTech
Global
Ltd.
(Software)
.......
$
5
1,868
Woodside
Energy
Group
Ltd.
(Oil,
Gas
&
Consumable
Fuels)
.............
44
1,205
Woolworths
Group
Ltd.
(
Consumer
Staples
Distribution
&
Retail)
...........
30
1,310
Austria
—
0.09%
74
BAWAG
Group
AG
(Banks)(a)(b)
......
11
303
Erste
Group
Bank
AG
(Banks)(b)
......
33
154
OMV
AG
(Oil,
Gas
&
Consumable
Fuels)
11
131
Raiffeisen
Bank
International
AG
(Banks)(a)
(b)
........................
6
76
Verbund
AG
(Electric
Utilities)
........
6
67
Belgium
—
0.25%
161
Ageas
SA/N.V.
(Insurance)(b)
.........
12
974
Anheuser-Busch
InBev
SA/N.V.
(Beverages)
..................
68
20
D'ieteren
Group
(Distributors)
.........
4
51
Elia
Group
SA/N.V.,
Class
B
(Electric
Utilities)(a)(b)
................
8
18
Financiere
de
Tubize
SA
(Pharmaceuticals)
4
82
Groupe
Bruxelles
Lambert
N.V.
(Financial
Services)
....................
7
228
KBC
Group
N.V.
(Banks)
............
28
21
Sofina
SA
(Financial
Services)
........
5
73
Syensqo
SA
(Chemicals)
.............
4
124
UCB
SA
(Pharmaceuticals)
...........
37
177
Bermuda
—
0.07%
365
Arch
Capital
Group
Ltd.
(Insurance)(a)
..
35
41
Everest
Group
Ltd.
(Insurance)
........
13
48
Canada
—
4.04%
512
Agnico
Eagle
Mines
Ltd.
(Metals
&
Mining)
104
409
Alamos
Gold,
Inc.
(Metals
&
Mining)
...
18
733
Alimentation
Couche-Tard,
Inc.
(
Consumer
Staples
Distribution
&
Retail)
.....
42
328
AltaGas
Ltd.
(Gas
Utilities)
...........
11
569
ARC
Resources
Ltd.
(Oil,
Gas
&
Consumable
Fuels)
.............
12
162
AtkinsRealis
Group,
Inc.
(Construction
&
Engineering)
.................
10
721
Bank
of
Montreal
(Banks)
............
98
1,666
Barrick
Mining
Corp.
(Metals
&
Mining)
.
68
65
BCE,
Inc.
(Diversified
Telecommunication
Services)
....................
2
86
Bombardier,
Inc.,
Class
B
(Aerospace
&
Defense)(a)(b)
................
15
2,110
Brookfield
Corp.
(Capital
Markets)
.....
86
47
HC
CAPITAL
TRUST
The
Catholic
SRI
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Canada
(continued)
427
Cameco
Corp.
(Oil,
Gas
&
Consumable
Fuels)
......................
$
46
945
Canadian
Imperial
Bank
of
Commerce
(Banks)
.....................
90
513
Canadian
National
Railway
Co.
(Ground
Transportation)
...............
53
2,138
Canadian
Natural
Resources
Ltd.
(Oil,
Gas
&
Consumable
Fuels)
...........
104
888
Canadian
Pacific
Kansas
City
Ltd.
(Ground
Transportation)
...............
70
50
Canadian
Tire
Corp.
Ltd.,
Class
A
(Broadline
Retail)
.............
7
137
Canadian
Utilities
Ltd.,
Class
A
(Multi-
Utilities)
....................
5
143
CCL
Industries,
Inc.,
Class
B
(Containers
&
Packaging)(b)
................
9
113
Celestica,
Inc.
(Electronic
Equipment,
Instruments
&
Components)(a)
....
32
1,389
Cenovus
Energy,
Inc.
(Oil,
Gas
&
Consumable
Fuels)
.............
37
194
CGI,
Inc.
(IT
Services)
..............
14
20
Constellation
Software,
Inc.
(Software)
..
35
270
Dollarama,
Inc.
(Broadline
Retail)
......
33
408
Element
Fleet
Management
Corp.
(Commercial
Services
&
Supplies)(b)
9
300
Emera,
Inc.
(Electric
Utilities)
.........
16
151
Empire
Co.
Ltd.,
Class
A
(Consumer
Staples
Distribution
&
Retail)
...........
5
2,201
Enbridge,
Inc.
(
Oil,
Gas
&
Consumable
Fuels)
......................
119
21
Fairfax
Financial
Holdings
Ltd.
(Insurance)
36
690
First
Quantum
Minerals
Ltd.
(Metals
&
Mining)(a)
...................
16
45
FirstService
Corp.,
Class
WI
(
Real
Estate
Management
&
Development)
.....
6
497
Fortis,
Inc.
(Electric
Utilities)
.........
28
188
Franco-Nevada
Corp.
(Metals
&
Mining)
.
47
175
George
Weston
Ltd.
(Consumer
Staples
Distribution
&
Retail)
...........
12
240
GFL
Environmental,
Inc.
(Commercial
Services
&
Supplies)
...........
10
165
Gildan
Activewear,
Inc.
(Textiles,
Apparel
&
Luxury
Goods)
...............
9
272
Great-West
Lifeco,
Inc.
(Insurance)
.....
13
327
Hydro
One
Ltd.
(Electric
Utilities)(b)
....
14
105
iA
Financial
Corp.,
Inc.
(Insurance)
.....
12
107
IGM
Financial,
Inc.
(Capital
Markets)
...
5
171
Imperial
Oil
Ltd.
(Oil,
Gas
&
Consumable
Fuels)
......................
22
174
Intact
Financial
Corp.
(Insurance)(b)
....
32
755
Ivanhoe
Mines
Ltd.,
Class
A
(
Metals
&
Mining)(a)
...................
6
225
Keyera
Corp.
(Oil,
Gas
&
Consumable
Fuels)
......................
9
1,245
Kinross
Gold
Corp.
(Metals
&
Mining)
..
38
590
Loblaw
Cos.
Ltd.
(Consumer
Staples
Distribution
&
Retail)
...........
27
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Canada
(continued)
105
Lululemon
Athletica,
Inc.
(Textiles,
Apparel
&
Luxury
Goods)(a)
............
$
16
118
Lundin
Gold,
Inc.
(Metals
&
Mining)(b)
.
9
667
Lundin
Mining
Corp.
(Metals
&
Mining)(b)
17
262
Magna
International,
Inc.
(
Automobile
Components)
.................
15
1,658
Manulife
Financial
Corp.
(Insurance)
....
57
201
Metro,
Inc.,
Class
A
(Consumer
Staples
Distribution
&
Retail)
...........
14
384
National
Bank
of
Canada
(Banks)
......
50
475
Nutrien
Ltd.
(Chemicals)
............
36
252
Open
Text
Corp.
(Software)(b)
........
6
412
Pan
American
Silver
Corp.
(Metals
&
Mining)
.....................
23
568
Pembina
Pipeline
Corp.
(Oil,
Gas
&
Consumable
Fuels)
.............
25
545
Power
Corp.
of
Canada
(Insurance)
.....
26
359
Rogers
Communications,
Inc.,
Class
B
(Wireless
Telecommunication
Services)
....................
14
1,408
Royal
Bank
of
Canada
(Banks)
........
227
263
Saputo,
Inc.
(Food
Products)(b)
........
8
1,235
Shopify,
Inc.,
Class
A
(IT
Services)(a)
...
146
112
Stantec,
Inc.
(Construction
&
Engineering)
10
549
Sun
Life
Financial,
Inc.
(Insurance)
.....
34
1,225
Suncor
Energy,
Inc.
(Oil,
Gas
&
Consumable
Fuels)
.............
81
1,052
TC
Energy
Corp.
(Oil,
Gas
&
Consumable
Fuels)
......................
66
445
Teck
Resources
Ltd.,
Class
B
(Metals
&
Mining)
.....................
23
479
TELUS
Corp.
(Diversified
Telecommunication
Services)
.....
6
84
TFI
International,
Inc.
(Ground
Transportation)
...............
9
1,254
The
Bank
of
Nova
Scotia
(Banks)
......
87
82
The
Descartes
Systems
Group,
Inc.
(Software)(a)
.................
6
1,706
The
Toronto-Dominion
Bank
(Banks)
...
158
154
Thomson
Reuters
Corp.
(Professional
Services)
....................
14
275
TMX
Group
Ltd.
(Capital
Markets)
.....
10
95
Toromont
Industries
Ltd.
(Trading
Companies
&
Distributors)
.......
13
359
Tourmaline
Oil
Corp.
(Oil,
Gas
&
Consumable
Fuels)
.............
17
268
Waste
Connections,
Inc.
(Commercial
Services
&
Supplies)
...........
44
443
Wheaton
Precious
Metals
Corp.
(Metals
&
Mining)
.....................
58
1,328
Whitecap
Resources,
Inc.
(Oil,
Gas
&
Consumable
Fuels)
.............
15
140
WSP
Global,
Inc.
(Construction
&
Engineering)(b)
...............
22
2,854
48
HC
CAPITAL
TRUST
The
Catholic
SRI
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Chile
—
0.02%
384
Antofagasta
PLC
(Metals
&
Mining)
....
$
17
China
—
0.01%
2,500
Yangzijiang
Shipbuilding
Holdings
Ltd.
(Machinery)
.................
7
Czech
Republic
—
0.01%
237
CSG
NV
(Aerospace
&
Defense)(a)
.....
6
Denmark
—
0.27%
3
A.P.
Moller
-
Maersk
A/S,
Class
A
(Marine
Transportation)
...............
7
4
A.P.
Moller
-
Maersk
A/S,
Class
B
(Marine
Transportation)^
...............
10
92
Carlsberg
A/S,
Class
B
(Beverages)
.....
11
142
Coloplast
A/S,
Class
B
(
Health
Care
Equipment
&
Supplies)
.........
10
715
Danske
Bank
A/S
(Banks)
............
35
90
Demant
A/S
(Health
Care
Equipment
&
Supplies)(a)
..................
3
210
DSV
A/S
(Air
Freight
&
Logistics)
.....
50
518
Orsted
A/S
(
Independent
Power
and
Renewable
Electricity
Producers)(a)(b)
13
77
Pandora
A/S
(Textiles,
Apparel
&
Luxury
Goods)
.....................
6
138
ROCKWOOL
A/S,
Class
B
(Building
Products)
....................
4
371
Tryg
A/S
(Insurance)(b)
.............
9
991
Vestas
Wind
Systems
A/S
(Electrical
Equipment)
..................
30
188
Finland
—
0.30%
140
Elisa
Oyj
(Diversified
Telecommunication
Services)
....................
7
452
Fortum
Oyj
(Electric
Utilities)^
........
12
296
Kesko
Oyj,
Class
B
(
Consumer
Staples
Distribution
&
Retail)
...........
7
333
Kone
Oyj,
Class
B
(Machinery)
........
21
653
Metso
Oyj
(Machinery)(b)
...........
11
418
Neste
Oyj
(Oil,
Gas
&
Consumable
Fuels)
14
5,186
Nokia
Oyj
(Communications
Equipment)
.
41
3,056
Nordea
Bank
Abp
(Banks)
...........
52
2,400
Sampo
Oyj,
A
Shares
(Insurance)
......
26
579
Stora
Enso
Oyj,
Class
R
(Paper
&
Forest
Products)
....................
7
526
UPM-Kymmene
Oyj
(Paper
&
Forest
Products)
....................
16
214
France
—
2.34%
193
Accor
SA
(Hotels,
Restaurants
&
Leisure)
9
43
Aeroports
de
Paris
SA
(Transportation
Infrastructure)
................
5
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
France
(continued)
593
Air
Liquide
SA
(Chemicals)
..........
$
123
340
Alstom
SA
(Machinery)(a)
...........
10
61
Amundi
SA
(Capital
Markets)(b)
.......
5
1,643
AXA
SA
(Insurance)
...............
75
330
Ayvens
SA
(Ground
Transportation)(b)
..
4
43
BioMerieux
(Health
Care
Equipment
&
Supplies)
....................
5
1,016
BNP
Paribas
SA
(Banks)
.............
97
871
Bollore
SE
(Oil,
Gas
&
Consumable
Fuels)
5
208
Bouygues
SA
(Construction
&
Engineering)
12
329
Bureau
Veritas
SA
(Professional
Services)
10
151
Capgemini
SE
(IT
Services)
..........
18
584
Carrefour
SA
(Consumer
Staples
Distribution
&
Retail)(b)
........
11
442
Cie
de
Saint-Gobain
SA
(Building
Products)
37
651
Cie
Generale
des
Etablissements
Michelin
SCA
(Automobile
Components)
...
22
42
Covivio
SA
(Diversified
REITs)
.......
3
1,047
Credit
Agricole
SA
(Banks)
...........
20
660
Danone
SA
(
Food
Products)
..........
53
657
Dassault
Systemes
SE
(Software)
......
13
68
Eiffage
SA
(Construction
&
Engineering)(b)
10
1,864
Engie
SA
(Multi-Utilities)
............
60
306
EssilorLuxottica
SA
(
Health
Care
Equipment
&
Supplies)
.........
71
60
Gecina
SA
(Office
REITs)(b)
..........
5
295
Getlink
SE
(Transportation
Infrastructure)
6
31
Hermes
International
SCA
(Textiles,
Apparel
&
Luxury
Goods)
..............
59
37
Ipsen
SA
(
Pharmaceuticals)
...........
7
73
Kering
SA
(Textiles,
Apparel
&
Luxury
Goods)
.....................
22
217
Klepierre
SA
(Retail
REITs)
..........
8
257
Legrand
SA
(Electrical
Equipment)
.....
40
243
L'Oreal
SA
(Personal
Care
Products)
....
99
252
LVMH
Moet
Hennessy
Louis
Vuitton
SE
(Textiles,
Apparel
&
Luxury
Goods)
137
1,979
Orange
SA
(Diversified
Telecommunication
Services)(b)
..................
41
199
Pernod
Ricard
SA
(Beverages)
........
15
224
Publicis
Groupe
SA
(Media)
..........
19
207
Renault
SA
(Automobiles)
...........
7
218
Rexel
SA
(Trading
Companies
&
Distributors)
.................
9
554
Schneider
Electric
SE
(Electrical
Equipment)(b)
................
150
703
Societe
Generale
SA
(Banks)
.........
51
101
Sodexo
SA
(
Hotels,
Restaurants
&
Leisure)
5
2,005
TotalEnergies
SE
(Oil,
Gas
&
Consumable
Fuels)
......................
183
120
Unibail-Rodamco-Westfield
(Retail
REITs)
13
622
Veolia
Environnement
SA
(Multi-Utilities)
24
49
HC
CAPITAL
TRUST
The
Catholic
SRI
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
France
(continued)
490
Vinci
SA
(
Construction
&
Engineering)
..
$
74
1,652
Germany
—
2.08%
167
adidas
AG
(Textiles,
Apparel
&
Luxury
Goods)
.....................
27
379
Allianz
SE,
Registered
Shares
(Insurance)
159
931
BASF
SE
(Chemicals)
..............
57
262
Bayerische
Motoren
Werke
AG
(Automobiles)
................
24
67
Bayerische
Motoren
Werke
AG,
Preference
Shares
(Automobiles)
...........
6
142
Brenntag
SE
(Trading
Companies
&
Distributors)
.................
10
721
Commerzbank
AG
(Banks)
...........
26
107
Continental
AG
(Automobile
Components)
7
84
CTS
Eventim
AG
&
Co.
KGaA
(Entertainment)(b)
.............
5
464
Daimler
Truck
Holding
AG
(Machinery)
.
23
265
Delivery
Hero
SE,
Class
A
(Hotels,
Restaurants
&
Leisure)(a)(b)
......
5
1,818
Deutsche
Bank
AG,
Registered
Shares
(Capital
Markets)
..............
54
185
Deutsche
Boerse
AG
(Capital
Markets)
..
54
674
Deutsche
Lufthansa
AG,
Registered
Shares
(Passenger
Airlines)(b)
..........
6
933
Deutsche
Post
AG
(
Air
Freight
&
Logistics)
49
3,721
Deutsche
Telekom
AG
(Diversified
Telecommunication
Services)(b)
...
139
127
Dr.
Ing.
h.c.
F.
Porsche
AG,
Preference
Shares
(Automobiles)
...........
6
2,217
E.ON
SE
(Multi-Utilities)
............
49
217
Fresenius
Medical
Care
AG
(Health
Care
Providers
&
Services)
...........
10
143
GEA
Group
AG
(Machinery)
.........
10
59
Hannover
Rueck
SE
(Insurance)
.......
19
132
Heidelberg
Materials
AG
(Construction
Materials)(b)
.................
28
120
Henkel
AG
&
Co.
KGaA
(Household
Products)
....................
9
143
Henkel
AG
&
Co.
KGaA,
Preference
Shares
(Household
Products)
...........
11
63
Hensoldt
AG
(Aerospace
&
Defense)
....
6
14
HOCHTIEF
AG
(Construction
&
Engineering)
.................
6
1,339
Infineon
Technologies
AG
(Semiconductors
&
Semiconductor
Equipment)(b)
...
61
79
Knorr-Bremse
AG
(Machinery)
........
9
76
LEG
Immobilien
SE
(Real
Estate
Management
&
Development)
.....
5
758
Mercedes-Benz
Group
AG
(Automobiles)
47
53
MTU
Aero
Engines
AG
(Aerospace
&
Defense)
....................
19
133
Muenchener
Rueckversicherungs-
Gesellschaft
AG
in
Muenchen,
Class
R
(Insurance)
..................
84
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Germany
(continued)
52
Nemetschek
SE
(Software)
...........
$
4
126
Porsche
Automobil
Holding
SE,
Preference
Shares
(
Automobiles)
...........
5
5
Rational
AG
(Machinery)
............
4
622
RWE
AG
(Independent
Power
and
Renewable
Electricity
Producers)
..
42
1,056
SAP
SE
(Software)
.................
179
75
Scout24
SE
(Interactive
Media
&
Services)
(b)
........................
6
784
Siemens
Energy
AG
(Electrical
Equipment)
(b)
........................
135
131
Symrise
AG,
Class
A
(Chemicals)(b)
....
11
65
Talanx
AG
(Insurance)
..............
8
202
Volkswagen
AG,
Preference
Shares
(Automobiles)
................
21
744
Vonovia
SE
(
Real
Estate
Management
&
Development)
................
19
214
Zalando
SE
(Specialty
Retail)(a)(b)
.....
5
1,469
Hong
Kong
—
0.63%
10,692
AIA
Group
Ltd.
(Insurance)
..........
120
3,500
BOC
Hong
Kong
Holdings
Ltd.
(Banks)
.
19
2,000
CK
Asset
Holdings
Ltd.
(Real
Estate
Management
&
Development)
.....
11
2,500
CK
Hutchison
Holdings
Ltd.
(Industrial
Conglomerates)
...............
19
500
CK
Infrastructure
Holdings
Ltd.
(Electric
Utilities)
....................
4
1,500
CLP
Holdings
Ltd.
(
Electric
Utilities)
...
14
53
Futu
Holdings
Ltd.,
ADR
(Capital
Markets)
(a)(b)
......................
7
1,000
Henderson
Land
Development
Co.
Ltd.
(Real
Estate
Management
&
Development)
................
4
4,000
HKT
Trust
&
HKT
Ltd.,
Class
SS
(
Diversified
Telecommunication
Services)(b)
..................
6
11,985
Hong
Kong
&
China
Gas
Co.
Ltd.
(Gas
Utilities)
....................
11
1,223
Hong
Kong
Exchanges
&
Clearing
Ltd.
(Capital
Markets)
..............
62
1,100
Hongkong
Land
Holdings
Ltd.
(
Real
Estate
Management
&
Development)
.....
9
200
Jardine
Matheson
Holdings
Ltd.
(Industrial
Conglomerates)
...............
14
2,466
Link
REIT
(Retail
REITs)
............
11
1,500
MTR
Corp.
Ltd.
(Ground
Transportation)
.
6
1,279
Power
Assets
Holdings
Ltd.
(Electric
Utilities)
....................
10
2,518
Prudential
PLC
(Insurance)
...........
35
4,129
Sino
Land
Co.
Ltd.
(Real
Estate
Management
&
Development)
.....
6
1,000
SITC
International
Holdings
Co.
Ltd.
(
Marine
Transportation)
.........
4
50
HC
CAPITAL
TRUST
The
Catholic
SRI
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Hong
Kong
(continued)
1,500
Sun
Hung
Kai
Properties
Ltd.
(Real
Estate
Management
&
Development)
.....
$
25
139
Swire
Pacific
Ltd.,
Class
A
(Industrial
Conglomerates)
...............
2
1,757
Techtronic
Industries
Co.
Ltd.
(Machinery)
23
1,000
The
Wharf
Holdings
Ltd.
(Real
Estate
Management
&
Development)
.....
3
8,228
WH
Group
Ltd.
(Food
Products)(b)
.....
11
2,000
Wharf
Real
Estate
Investment
Co.
Ltd.
(Real
Estate
Management
&
Development)
6
442
Ireland
(Republic
of)
—
1.11%
621
Accenture
PLC,
Class
A
(IT
Services)
...
123
63
AerCap
Holdings
N.V.
(Trading
Companies
&
Distributors)
...............
9
112
AerCap
Holdings
N.V.
(Trading
Companies
&
Distributors)
...............
15
2,057
AIB
Group
PLC
(Banks)(b)
..........
22
82
Allegion
PLC
(Building
Products)
......
12
213
Aptiv
PLC
(Automobile
Components)(a)
.
15
917
Bank
of
Ireland
Group
PLC
(Banks)
....
17
676
CRH
PLC
(Construction
Materials)
.....
71
393
Eaton
Corp.
PLC
(Electrical
Equipment)
.
140
898
Experian
PLC
(Professional
Services)
...
31
150
Kingspan
Group
PLC
(Building
Products)
13
1,303
Medtronic
PLC
(Health
Care
Equipment
&
Supplies)
....................
113
805
Ryanair
Holdings
PLC
(Passenger
Airlines)
(b)
........................
23
512
Smurfit
Westrock
PLC
(Containers
&
Packaging)
..................
20
301
TE
Connectivity
PLC
(Electronic
Equipment,
Instruments
&
Components)
.................
63
226
Trane
Technologies
PLC
(
Building
Products)
....................
94
781
Israel
—
0.23%
43
Azrieli
Group
Ltd.
(Real
Estate
Management
&
Development)
..............
6
1,228
Bank
Hapoalim
BM
(Banks)
..........
29
1,464
Bank
Leumi
Le-Israel
BM,
Class
IS
(Banks)
32
81
Check
Point
Software
Technologies
Ltd.
(Software)(a)
.................
12
919
ICL
Group
Ltd.
(Chemicals)
..........
5
—
Isracard
Ltd.
(Consumer
Finance)
......
—
1,207
Israel
Discount
Bank
Ltd.,
Class
A
(Banks)
12
155
Mizrahi
Tefahot
Bank
Ltd.
(Banks)
.....
11
55
Monday.com
Ltd.
(Software)(a)
........
4
60
Nice
Ltd.
(Software)(a)
..............
7
33
Nova
Ltd.
(Semiconductors
&
Semiconductor
Equipment)(a)
.....
15
227
Phoenix
Financial
Ltd.
(Insurance)
.....
12
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Israel
(continued)
110
Tower
Semiconductor
Ltd.
(Semiconductors
&
Semiconductor
Equipment)(a)
...
$
19
164
Italy
—
0.86%
207
Banca
Mediolanum
SpA
(Financial
Services)
....................
4
1,943
Banca
Monte
dei
Paschi
di
Siena
SpA
(Banks)(b)
...................
17
1,117
Banco
BPM
SpA
(Banks)
............
16
1,453
BPER
Banca
SPA
(Banks)
...........
19
52
Buzzi
SpA
(Construction
Materials)
.....
3
613
Davide
Campari-Milano
N.V.,
Class
M
(Beverages)(b)
................
4
8,301
Enel
SpA
(Electric
Utilities)(b)
........
90
2,088
Eni
SpA
(
Oil,
Gas
&
Consumable
Fuels)
.
59
123
Ferrari
N.V.
(Automobiles)
...........
42
598
FinecoBank
Banca
Fineco
SpA
(Banks)
..
13
835
Generali
(Insurance)
................
34
14,036
Intesa
Sanpaolo
SpA
(Banks)(b)
.......
85
648
Italgas
SpA
(
Gas
Utilities)(b)
.........
8
225
Moncler
SpA
(Textiles,
Apparel
&
Luxury
Goods)
.....................
14
472
Poste
Italiane
SpA
(Financial
Services)(b)
11
277
Prysmian
SpA
(Electrical
Equipment)
...
33
115
Recordati
Industria
Chimica
e
Farmaceutica
SpA
(Pharmaceuticals)
..........
7
2,023
Snam
SpA
(Gas
Utilities)
............
15
6,088
Telecom
Italia
SpA
(Diversified
Telecommunication
Services)
.....
5
11,192
Telecom
Italia
SpA/Milano
(
Diversified
Telecommunication
Services)
.....
8
1,398
Terna
-
Rete
Elettrica
Nazionale
(Electric
Utilities)
....................
16
1,426
UniCredit
SpA
(Banks)
..............
101
604
Japan
—
5.38%
800
Advantest
Corp.
(
Semiconductors
&
Semiconductor
Equipment)(b)
.....
110
2,200
Aeon
Co.
Ltd.
(Consumer
Staples
Distribution
&
Retail)
...........
26
200
AGC,
Inc.
(Building
Products)
........
7
400
Aisin
Corp.
(Automobile
Components)
..
6
100
ANA
Holdings,
Inc.
(Passenger
Airlines)(b)
2
1,200
Asahi
Kasei
Corp.
(Chemicals)
........
12
700
Asics
Corp.
(Textiles,
Apparel
&
Luxury
Goods)
.....................
19
600
Bandai
Namco
Holdings,
Inc.
(Leisure
Products)
....................
15
1,066
Bridgestone
Corp.
(Automobile
Components)
.................
22
900
Canon,
Inc.
(Technology
Hardware,
Storage
&
Peripherals)
................
25
400
Capcom
Co.
Ltd.
(Entertainment)
......
8
51
HC
CAPITAL
TRUST
The
Catholic
SRI
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Japan
(continued)
800
Central
Japan
Railway
Co.
(Ground
Transportation)
...............
$
21
600
Chubu
Electric
Power
Co.,
Inc.
(Electric
Utilities)
....................
10
400
Dai
Nippon
Printing
Co.
Ltd.
(Commercial
Services
&
Supplies)
...........
7
290
Daifuku
Co.
Ltd.
(Machinery)
.........
10
3,444
Daiichi
Life
Group,
Inc.
(Insurance)
....
32
220
Daikin
Industries
Ltd.
(Building
Products)
26
300
Daito
Trust
Construction
Co.
Ltd.
(Real
Estate
Management
&
Development)
7
600
Daiwa
House
Industry
Co.
Ltd.
(Real
Estate
Management
&
Development)
.....
19
1,500
Daiwa
Securities
Group,
Inc.
(Capital
Markets)
....................
14
1,724
Denso
Corp.
(Automobile
Components)
..
22
105
Disco
Corp.
(Semiconductors
&
Semiconductor
Equipment)
.......
43
500
Ebara
Corp.
(Machinery)
............
14
2,600
ENEOS
Holdings,
Inc.
(Oil,
Gas
&
Consumable
Fuels)
.............
23
945
FANUC
Corp.
(Machinery)
...........
33
200
Fast
Retailing
Co.
Ltd.
(Specialty
Retail)
.
79
200
Fuji
Electric
Co.
Ltd.
(Electrical
Equipment)
14
1,100
FUJIFILM
Holdings
Corp.
(Technology
Hardware,
Storage
&
Peripherals)
..
21
1,200
Fujikura
Ltd.
(Electrical
Equipment)
....
33
1,720
Fujitsu
Ltd.
(IT
Services)(b)
..........
35
200
Hankyu
Hanshin
Holdings,
Inc.
(
Ground
Transportation)
...............
6
27
Hikari
Tsushin,
Inc.
(Industrial
Conglomerates)
...............
7
3,600
Honda
Motor
Co.
Ltd.
(Automobiles)
...
29
300
Hoya
Corp.
(Health
Care
Equipment
&
Supplies)
....................
52
300
Hulic
Co.
Ltd.
(
Real
Estate
Management
&
Development)
................
3
200
Ibiden
Co.
Ltd.
(Electronic
Equipment,
Instruments
&
Components)
......
10
860
Idemitsu
Kosan
Co.
Ltd.
(Oil,
Gas
&
Consumable
Fuels)(b)
..........
8
1,000
IHI
Corp.
(Machinery)
..............
21
900
Inpex
Corp.
(Oil,
Gas
&
Consumable
Fuels)
27
600
Isuzu
Motors
Ltd.
(Automobiles)
.......
9
6,000
ITOCHU
Corp.
(Trading
Companies
&
Distributors)
.................
76
148
Japan
Airlines
Co.
Ltd.
(Passenger
Airlines)
(b)
........................
2
900
Japan
Exchange
Group,
Inc.
(Capital
Markets)
....................
11
600
Japan
Post
Insurance
Co.
Ltd.
(Insurance)(b)
6
600
JFE
Holdings,
Inc.
(Metals
&
Mining)(b)
.
7
600
JX
Advanced
Metals
Corp.
(Metals
&
Mining)
.....................
13
400
Kajima
Corp.
(
Construction
&
Engineering)
15
427
Kao
Corp.
(Personal
Care
Products)
.....
17
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Japan
(continued)
500
Kawasaki
Heavy
Industries
Ltd.
(Machinery)
.................
$
9
300
Kawasaki
Kisen
Kaisha
Ltd.
(Marine
Transportation)
...............
5
2,848
KDDI
Corp.
(
Wireless
Telecommunication
Services)
....................
48
234
Keyence
Corp.
(Electronic
Equipment,
Instruments
&
Components)
......
83
200
Kioxia
Holdings
Corp.
(Semiconductors
&
Semiconductor
Equipment)(a)
.....
26
1,000
Komatsu
Ltd.
(Machinery)
...........
40
100
Konami
Group
Corp.
(Entertainment)
...
12
900
Kubota
Corp.
(Machinery)
...........
14
1,200
Kyocera
Corp.
(Electronic
Equipment,
Instruments
&
Components)
......
18
200
Kyowa
Kirin
Co.
Ltd.
(Pharmaceuticals)
.
3
100
Lasertec
Corp.
(
Semiconductors
&
Semiconductor
Equipment)
.......
22
2,800
LY
Corp.
(Interactive
Media
&
Services)
.
7
600
M3,
Inc.
(Health
Care
Technology)
.....
6
200
Makita
Corp.
(Machinery)
...........
7
1,400
Marubeni
Corp.
(
Trading
Companies
&
Distributors)
.................
51
300
MatsukiyoCocokara
&
Co.
(Consumer
Staples
Distribution
&
Retail)
.....
5
300
MINEBEA
MITSUMI,
Inc.
(Machinery)
.
5
3,200
Mitsubishi
Corp.
(
Trading
Companies
&
Distributors)
.................
110
1,900
Mitsubishi
Electric
Corp.
(Electrical
Equipment)
..................
62
1,100
Mitsubishi
Estate
Co.
Ltd.
(Real
Estate
Management
&
Development)
.....
31
800
Mitsubishi
HC
Capital,
Inc.
(
Financial
Services)
....................
7
3,200
Mitsubishi
Heavy
Industries
Ltd.
(Machinery)
.................
88
11,379
Mitsubishi
UFJ
Financial
Group,
Inc.
(Banks)
.....................
194
2,600
Mitsui
Fudosan
Co.
Ltd.
(
Real
Estate
Management
&
Development)
.....
28
400
Mitsui
OSK
Lines
Ltd.
(Marine
Transportation)
...............
17
2,510
Mizuho
Financial
Group,
Inc.
(Banks)
...
102
200
MonotaRO
Co.
Ltd.
(Trading
Companies
&
Distributors)
.................
2
1,290
MS&AD
Insurance
Group
Holdings,
Inc.
(Insurance)
..................
34
1,711
Murata
Manufacturing
Co.
Ltd.
(Electronic
Equipment,
Instruments
&
Components)
.................
38
1,250
NEC
Corp.
(IT
Services)
.............
31
300
Nexon
Co.
Ltd.
(Entertainment)
.......
6
800
NIDEC
Corp.
(Electrical
Equipment)(a)
..
10
1,150
Nintendo
Co.
Ltd.
(Entertainment)
......
66
9
Nippon
Building
Fund,
Inc.
(Office
REITs)
8
900
Nippon
Paint
Holdings
Co.
Ltd.
(Chemicals)
(b)
........................
6
52
HC
CAPITAL
TRUST
The
Catholic
SRI
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Japan
(continued)
4,700
Nippon
Steel
Corp.
(
Metals
&
Mining)
..
$
17
400
Nippon
Yusen
KK
(Marine
Transportation)
15
2,300
Nissan
Motor
Co.
Ltd.
(Automobiles)(a)
.
5
400
Nitori
Holdings
Co.
Ltd.
(Specialty
Retail)
6
700
Nitto
Denko
Corp.
(Chemicals)
........
14
2,900
Nomura
Holdings,
Inc.
(Capital
Markets)
.
23
335
Nomura
Research
Institute
Ltd.
(IT
Services)
....................
9
28,950
NTT,
Inc.
(Diversified
Telecommunication
Services)
....................
29
600
Obayashi
Corp.
(Construction
&
Engineering)
.................
15
300
Obic
Co.
Ltd.
(IT
Services)
...........
7
1,300
Olympus
Corp.
(Health
Care
Equipment
&
Supplies)
....................
12
49
Oracle
Corp.
Japan
(Software)
.........
3
1,000
Oriental
Land
Co.
Ltd.
(Hotels,
Restaurants
&
Leisure)
...................
17
1,200
ORIX
Corp.
(
Financial
Services)
.......
36
400
Osaka
Gas
Co.
Ltd.
(Gas
Utilities)
......
16
168
Otsuka
Corp.
(IT
Services)
...........
3
1,840
Pan
Pacific
International
Holdings
Corp.
(Broadline
Retail)
.............
11
2,300
Panasonic
Holdings
Corp.
(
Household
Durables)
...................
39
1,500
Rakuten
Group,
Inc.
(Broadline
Retail)(a)(b)
7
1,400
Recruit
Holdings
Co.
Ltd.
(Professional
Services)
....................
61
1,700
Renesas
Electronics
Corp.
(
Semiconductors
&
Semiconductor
Equipment)(b)
...
24
2,000
Resona
Holdings,
Inc.
(Banks)
........
23
500
Ryohin
Keikaku
Co.
Ltd.
(Broadline
Retail)
11
1,000
Sanrio
Co.
Ltd.
(Specialty
Retail)
......
6
500
SBI
Holdings,
Inc.
(
Capital
Markets)
....
9
200
SCREEN
Holdings
Co.
Ltd.
(Semiconductors
&
Semiconductor
Equipment)
..................
12
200
Seibu
Holdings,
Inc.
(Ground
Transportation)
...............
6
300
Sekisui
Chemical
Co.
Ltd.
(Industrial
Conglomerates)
...............
5
500
Sekisui
House
Ltd.
(Household
Durables)
11
2,001
Seven
&
i
Holdings
Co.
Ltd.
(Consumer
Staples
Distribution
&
Retail)
.....
27
100
Shimano,
Inc.
(Leisure
Products)
.......
10
500
Shimizu
Corp.
(Construction
&
Engineering)
.................
9
1,700
Shin-Etsu
Chemical
Co.
Ltd.
(Chemicals)
69
400
Shiseido
Co.
Ltd.
(Personal
Care
Products)
8
100
SMC
Corp.
(Machinery)
.............
39
27,800
SoftBank
Corp.
(Wireless
Telecommunication
Services)
.....
37
3,672
SoftBank
Group
Corp.
(Wireless
Telecommunication
Services)
.....
89
900
Sompo
Holdings,
Inc.
(Insurance)
......
35
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Japan
(continued)
6,100
Sony
Financial
Group,
Inc.
(Financial
Services)
....................
$
6
6,200
Sony
Group
Corp.
(Household
Durables)
.
130
600
Subaru
Corp.
(Automobiles)
..........
10
1,100
Sumitomo
Corp.
(Trading
Companies
&
Distributors)
.................
41
700
Sumitomo
Electric
Industries
Ltd.
(Automobile
Components)
.......
40
300
Sumitomo
Metal
Mining
Co.
Ltd.
(Metals
&
Mining)
.....................
17
3,700
Sumitomo
Mitsui
Financial
Group,
Inc.
(Banks)
.....................
122
646
Sumitomo
Mitsui
Trust
Group,
Inc.
(Banks)
21
600
Sumitomo
Realty
&
Development
Co.
Ltd.
(Real
Estate
Management
&
Development)
................
17
100
Suntory
Beverage
&
Food
Ltd.
(Beverages)
3
1,500
Suzuki
Motor
Corp.
(Automobiles)
.....
18
500
T&D
Holdings,
Inc.
(Insurance)
.......
13
200
Taisei
Corp.
(Construction
&
Engineering)
21
1,900
TDK
Corp.
(
Electronic
Equipment,
Instruments
&
Components)
......
25
500
The
Chiba
Bank
Ltd.
(Banks)
.........
6
900
The
Kansai
Electric
Power
Co.,
Inc.
(Electric
Utilities)
.............
15
300
TIS,
Inc.
(IT
Services)
..............
6
725
Toho
Co.
Ltd.
(Entertainment)
.........
8
1,893
Tokio
Marine
Holdings,
Inc.
(Insurance)
.
89
400
Tokyo
Electron
Ltd.
(Semiconductors
&
Semiconductor
Equipment)
.......
99
300
Tokyo
Gas
Co.
Ltd.
(Gas
Utilities)
......
14
200
TOPPAN
Holdings,
Inc.
(
Commercial
Services
&
Supplies)
...........
5
1,300
Toray
Industries,
Inc.
(Chemicals)
......
9
100
Toyota
Industries
Corp.
(Machinery)(a)
..
13
300
Tsuruha
Holdings,
Inc.
(Consumer
Staples
Distribution
&
Retail)
...........
5
1,100
Unicharm
Corp.
(Household
Products)
...
6
900
Yamaha
Motor
Co.
Ltd.
(Automobiles)
..
7
200
Yokogawa
Electric
Corp.
(Electronic
Equipment,
Instruments
&
Components)
.................
6
1,100
Yokohama
Financial
Group,
Inc.
(Banks)
.
10
100
Zensho
Holdings
Co.
Ltd.
(Hotels,
Restaurants
&
Leisure)
..........
6
300
ZOZO,
Inc.
(Specialty
Retail)(b)
.......
2
3,800
Luxembourg
—
0.05%
415
ArcelorMittal
SA
(Metals
&
Mining)
....
22
177
CVC
Capital
Partners
PLC
(Capital
Markets)(b)
..................
2
373
Tenaris
SA
(Energy
Equipment
&
Services)
11
35
53
HC
CAPITAL
TRUST
The
Catholic
SRI
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Mexico
—
0.01%
217
Fresnillo
PLC
(Metals
&
Mining)
......
$
10
Netherlands
—
1.63%
574
ABN
AMRO
Bank
N.V.,
Class
CV
(Banks)
18
25
Adyen
N.V.
(Financial
Services)(a)(b)
...
25
1,292
Aegon
Ltd.
(Insurance)
..............
9
169
Akzo
Nobel
N.V.
(Chemicals)
.........
10
64
Argenx
SE
(Biotechnology)(a)
........
46
48
ASM
International
N.V.
(Semiconductors
&
Semiconductor
Equipment)(b)
.....
36
391
ASML
Holding
N.V.
(Semiconductors
&
Semiconductor
Equipment)(b)
.....
521
157
ASR
Nederland
N.V.
(Insurance)(b)
.....
11
70
BE
Semiconductor
Industries
N.V.
(Semiconductors
&
Semiconductor
Equipment)
..................
15
82
Euronext
N.V.
(Capital
Markets)(b)
.....
13
508
Ferrovial
SE
(Construction
&
Engineering)
33
130
Heineken
Holding
N.V.
(Beverages)
....
9
285
Heineken
N.V.
(Beverages)
...........
22
2,989
ING
Groep
N.V.
(Banks)
.............
79
170
JDE
Peet's
N.V.
(Food
Products)
.......
6
883
Koninklijke
Ahold
Delhaize
N.V.
(Consumer
Staples
Distribution
&
Retail)
.....
41
3,809
Koninklijke
KPN
N.V.
(Diversified
Telecommunication
Services)
.....
21
756
Koninklijke
Philips
N.V.
(Health
Care
Equipment
&
Supplies)
.........
21
208
Nebius
Group
N.V.,
Class
A
(Software)(a)
22
310
NN
Group
N.V.
(Insurance)
...........
24
245
NXP
Semiconductors
N.V.
(Semiconductors
&
Semiconductor
Equipment)
.....
48
1,342
Prosus
N.V.
(Broadline
Retail)(a)(b)
....
62
126
Randstad
N.V.
(Professional
Services)
...
3
1,962
Stellantis
N.V.
(Automobiles)
.........
14
459
The
Magnum
Ice
Cream
Co.
N.V.
(Food
Products)(a)
..................
7
1,086
Universal
Music
Group
N.V.
(Entertainment)
...............
21
228
Wolters
Kluwer
N.V.
(Professional
Services)
17
1,154
New
Zealand
—
0.07%
1,742
Auckland
International
Airport
Ltd.
(Transportation
Infrastructure)
.....
8
1,304
Contact
Energy
Ltd.
(Electric
Utilities)
..
7
563
Fisher
&
Paykel
Healthcare
Corp.
Ltd.
(Health
Care
Equipment
&
Supplies)
13
915
Infratil
Ltd.
(
Financial
Services)
.......
6
1,622
Meridian
Energy
Ltd.
(Independent
Power
and
Renewable
Electricity
Producers)
5
214
Xero
Ltd.
(Software)(a)
.............
11
50
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Norway
—
0.19%
345
Aker
BP
ASA
(
Oil,
Gas
&
Consumable
Fuels)
......................
$
13
902
DNB
Bank
ASA
(Banks)
............
28
776
Equinor
ASA
(Oil,
Gas
&
Consumable
Fuels)
......................
34
162
Gjensidige
Forsikring
ASA
(Insurance)
..
4
429
Mowi
ASA
(Food
Products)(b)
........
10
1,359
Norsk
Hydro
ASA
(Metals
&
Mining)
...
14
695
Orkla
ASA
(Food
Products)
..........
9
67
Salmar
ASA
(Food
Products)
.........
4
628
Telenor
ASA
(Diversified
Telecommunication
Services)
.....
11
179
Yara
International
ASA
(Chemicals)
....
10
137
Poland
—
0.01%
332
InPost
SA
(Air
Freight
&
Logistics)(a)
...
6
Portugal
—
0.06%
7,045
Banco
Comercial
Portugues
SA,
Class
R
(Banks)(b)
...................
7
3,131
EDP
SA
(Electric
Utilities)(b)
.........
16
380
Galp
Energia
SGPS
SA
(Oil,
Gas
&
Consumable
Fuels)(b)
..........
9
288
Jeronimo
Martins
SGPS
SA
(Consumer
Staples
Distribution
&
Retail)(b)
...
7
39
Singapore
—
0.47%
4,250
CapitaLand
Ascendas
REIT
(Industrial
REITs)(b)
...................
8
6,439
CapitaLand
Integrated
Commercial
Trust
(Diversified
REITs)
............
12
2,700
CapitaLand
Investment
Ltd.
(Real
Estate
Management
&
Development)
.....
6
2,136
DBS
Group
Holdings
Ltd.
(Banks)
.....
95
2,396
Grab
Holdings
Ltd.
(
Ground
Transportation)
(a)
........................
9
1,400
Keppel
Ltd.
(Industrial
Conglomerates)
..
13
3,535
Oversea-Chinese
Banking
Corp.
Ltd.
(Banks)
.....................
61
403
Sea
Ltd.,
ADR
(Broadline
Retail)(a)
....
33
900
Sembcorp
Industries
Ltd.
(
Multi-Utilities)
5
1,600
Singapore
Airlines
Ltd.
(Passenger
Airlines)
(b)
........................
8
800
Singapore
Exchange
Ltd.
(Capital
Markets)
12
7,300
Singapore
Telecommunications
Ltd.
(
Diversified
Telecommunication
Services)
....................
28
1,300
United
Overseas
Bank
Ltd.
(Banks)
.....
37
1,700
Wilmar
International
Ltd.
(Food
Products)
5
332
54
HC
CAPITAL
TRUST
The
Catholic
SRI
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Spain
—
1.08%
29
Acciona
SA
(Electric
Utilities)
........
$
8
176
ACS
Actividades
de
Construccion
y
Servicios
SA
(Construction
&
Engineering)
.................
21
738
Aena
SME
SA
(Transportation
Infrastructure)(b)
..............
22
444
Amadeus
IT
Group
SA
(Hotels,
Restaurants
&
Leisure)
...................
25
5,773
Banco
Bilbao
Vizcaya
Argentaria
SA
(Banks)
.....................
125
4,945
Banco
de
Sabadell
SA
(Banks)
........
18
14,942
Banco
Santander
SA
(Banks)(b)
.......
166
668
Bankinter
SA
(Banks)
...............
11
3,833
CaixaBank
SA
(Banks)
..............
46
517
Cellnex
Telecom
SA
(Diversified
Telecommunication
Services)(b)
...
17
298
EDP
Renovaveis
SA
(Independent
Power
and
Renewable
Electricity
Producers)
5
318
Endesa
SA
(Electric
Utilities)
.........
13
6,498
Iberdrola
SA
(
Electric
Utilities)
........
149
79
Indra
Sistemas
SA
(IT
Services)
.......
4
1,111
Industria
de
Diseno
Textil
SA
(Specialty
Retail)
......................
65
1,213
Mapfre
SA
(Insurance)
..............
5
268
Naturgy
Energy
Group
SA
(Gas
Utilities)
.
8
448
Redeia
Corp.
SA
(Electric
Utilities)
.....
8
1,109
Repsol
SA
(Oil,
Gas
&
Consumable
Fuels)
31
3,586
Telefonica
SA
(Diversified
Telecommunication
Services)
.....
16
763
Sweden
—
1.00%
252
AddTech
AB,
B
Shares
(
Trading
Companies
&
Distributors)
...............
9
275
Alfa
Laval
AB
(Machinery)
..........
15
1,072
Assa
Abloy
AB,
Class
B
(Building
Products)
39
2,790
Atlas
Copco
AB,
Class
A
(Machinery)
...
49
1,503
Atlas
Copco
AB,
Class
B
(Machinery)
...
24
394
Beijer
Ref
AB
(Trading
Companies
&
Distributors)(b)
...............
5
274
Boliden
AB
(Metals
&
Mining)(a)
......
14
617
Epiroc
AB,
Class
A
(Machinery)
.......
15
417
Epiroc
AB,
Class
B
(Machinery)
.......
9
482
EQT
AB
(Capital
Markets)
...........
15
595
Essity
AB,
Class
B
(Household
Products)^
15
722
Fastighets
AB
Balder,
Class
B
(Real
Estate
Management
&
Development)(a)
...
4
480
H
&
M
Hennes
&
Mauritz
AB,
Class
B
(Specialty
Retail)
..............
9
1,984
Hexagon
AB,
Class
B
(
Electronic
Equipment,
Instruments
&
Components)
.................
19
53
Holmen
AB,
B
shares
(Paper
&
Forest
Products)^
...................
2
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Sweden
(continued)
127
Industrivarden
AB,
Class
A
(Financial
Services)(b)
..................
$
6
138
Industrivarden
AB,
Class
C
(Financial
Services)
....................
7
259
Indutrade
AB
(Machinery)
...........
6
131
Investment
AB
Latour,
Class
B
(Industrial
Conglomerates)
...............
3
1,867
Investor
AB,
Class
B
(Financial
Services)
71
77
L
E
Lundbergforetagen
AB,
Class
B
(Financial
Services)
............
4
230
Lifco
AB,
Class
B
(Industrial
Conglomerates)
...............
7
1,759
Nibe
Industrier
AB,
Class
B
(Building
Products)
....................
7
197
Sagax
AB,
Class
B
(Real
Estate
Management
&
Development)
.....
4
1,126
Sandvik
AB
(Machinery)
............
43
547
Securitas
AB,
Class
B
(
Commercial
Services
&
Supplies)
..................
9
1,486
Skandinaviska
Enskilda
Banken
AB,
Class
A
(Banks)^
....................
27
330
Skanska
AB,
Class
B
(Construction
&
Engineering)^
................
9
323
SKF
AB,
B
shares
(Machinery)
........
8
159
Spotify
Technology
SA
(Entertainment)(a)
78
602
Svenska
Cellulosa
AB
SCA,
Class
B
(Paper
&
Forest
Products)^
............
7
1,570
Svenska
Handelsbanken
AB,
Class
A
(Banks)
.....................
21
836
Swedbank
AB,
Class
A
(Banks)^
.......
29
536
Tele2
AB,
B
shares
(Wireless
Telecommunication
Services)
.....
11
2,718
Telefonaktiebolaget
LM
Ericsson,
Class
B
(Communications
Equipment)
.....
31
2,278
Telia
Co.
AB
(Diversified
Telecommunication
Services)(b)
...
12
196
Trelleborg
AB,
Class
B
(
Machinery)
....
7
1,621
Volvo
AB,
Class
B
(Machinery)^
.......
53
703
Switzerland
—
2.20%
1,589
ABB
Ltd.,
Registered
Shares
(Electrical
Equipment)
..................
129
526
Alcon
AG
(
Health
Care
Equipment
&
Supplies)
....................
40
455
Amcor
PLC
(Containers
&
Packaging)
...
18
488
Amrize
Ltd.
(Construction
Materials)(a)
..
27
88
Avolta
AG
(Specialty
Retail)(a)
........
5
26
Banque
Cantonale
Vaudoise,
Registered
Shares
(Banks)
................
4
3
Barry
Callebaut
AG,
Registered
Shares
(Food
Products)(b)
.............
5
10
Belimo
Holding
AG,
Class
R
(Building
Products)
....................
8
19
BKW
AG
(Electric
Utilities)
..........
4
55
HC
CAPITAL
TRUST
The
Catholic
SRI
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Switzerland
(continued)
2
Chocoladefabriken
Lindt
&
Spruengli
AG,
Class
PC
(Food
Products)
........
$
28
371
Chubb
Ltd.
(Insurance)
..............
121
550
Cie
Financiere
Richemont
SA,
Registered
Shares
(Textiles,
Apparel
&
Luxury
Goods)
.....................
97
215
Coca-Cola
HBC
AG
(Beverages)(a)
.....
12
168
DSM-Firmenich
AG
(Chemicals)
......
12
6
EMS-Chemie
Holding
AG
(Chemicals)
..
5
182
Galderma
Group
AG
(Pharmaceuticals)(b)
36
161
Garmin
Ltd.
(Household
Durables)
.....
37
36
Geberit
AG,
Registered
Shares
(
Building
Products)
....................
24
10,151
Glencore
PLC
(Metals
&
Mining)(a)(b)
..
77
78
Helvetia
Baloise
Holding
AG,
Registered
Shares
(Insurance)
.............
20
500
Holcim
AG
(Construction
Materials)(a)(b)
41
203
Julius
Baer
Group
Ltd.
(Capital
Markets)
.
15
53
Kuehne
+
Nagel
International
AG,
Class
R
(Marine
Transportation)
.........
12
146
Logitech
International
SA,
Class
R
(Technology
Hardware,
Storage
&
Peripherals)
..................
14
2,601
Nestle
SA,
Registered
Shares
(Food
Products)
....................
256
24
Partners
Group
Holding
AG
(Capital
Markets)
....................
26
38
Schindler
Holding
AG,
Class
PC
(Machinery)
.................
13
24
Schindler
Holding
AG,
Registered
Shares
(Machinery)
.................
8
162
SGS
SA,
Registered
Shares
(Professional
Services)
....................
17
149
Sika
AG,
Registered
Shares
(Chemicals)(b)
25
50
Sonova
Holding
AG
(Health
Care
Equipment
&
Supplies)(b)
.......
11
653
STMicroelectronics
N.V.
(
Semiconductors
&
Semiconductor
Equipment)
.....
22
110
Straumann
Holding
AG,
Class
R
(Health
Care
Equipment
&
Supplies)
......
12
31
Swiss
Life
Holding
AG
(Insurance)
.....
34
80
Swiss
Prime
Site
AG,
Registered
Shares
(
Real
Estate
Management
&
Development)
................
14
293
Swiss
Re
AG
(Insurance)
............
49
28
Swisscom
AG,
Registered
Shares
(Diversified
Telecommunication
Services)
....................
24
28
The
Swatch
Group
AG,
Class
BR
(
Textiles,
Apparel
&
Luxury
Goods)
.......
6
3,166
UBS
Group
AG
(Capital
Markets)
......
123
26
VAT
Group
AG
(Machinery)(b)
........
16
146
Zurich
Insurance
Group
AG
(Insurance)(b)
103
1,550
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
Arab
Emirates
—
0.00%
118
NMC
Health
PLC
(Health
Care
Providers
&
Services)(a)(c)
................
$
—
United
Kingdom
—
3.10%
975
3i
Group
PLC
(Capital
Markets)
.......
32
259
Admiral
Group
PLC
(Insurance)
.......
11
933
Airtel
Africa
PLC
(
Wireless
Telecommunication
Services)(b)
...
4
1,159
Anglo
American
PLC
(Metals
&
Mining)
.
50
210
Aon
PLC,
Class
A
(Insurance)
.........
68
320
Associated
British
Foods
PLC
(Food
Products)
....................
8
1,000
Auto
Trader
Group
PLC
(
Interactive
Media
&
Services)(b)
................
6
3,010
Aviva
PLC
(Insurance)
..............
24
14,242
Barclays
PLC
(Banks)(b)
............
75
1,362
Barratt
Redrow
PLC
(Household
Durables)
(b)
........................
5
15,700
BP
PLC
(Oil,
Gas
&
Consumable
Fuels)
.
123
5,858
BT
Group
PLC
(Diversified
Telecommunication
Services)
.....
16
315
Bunzl
PLC
(Trading
Companies
&
Distributors)
.................
9
4,427
Centrica
PLC
(Multi-Utilities)(b)
.......
13
858
CNH
Industrial
N.V.
(Machinery)
......
9
206
Coca-Cola
Europacific
Partners
PLC
(Beverages)
..................
19
1,754
Compass
Group
PLC
(Hotels,
Restaurants
&
Leisure)
....................
49
2,190
Diageo
PLC
(Beverages)
............
41
186
Endeavour
Mining
PLC
(Metals
&
Mining)
11
9,341
Haleon
PLC
(
Pharmaceuticals)
........
46
362
Halma
PLC
(Electronic
Equipment,
Instruments
&
Components)
......
18
17,381
HSBC
Holdings
PLC
(Banks)
.........
284
1,266
Informa
PLC
(Media)
...............
13
142
InterContinental
Hotels
Group
PLC
(
Hotels,
Restaurants
&
Leisure)
..........
19
1,185
International
Consolidated
Airlines
Group
SA
(Passenger
Airlines)
.........
6
150
Intertek
Group
PLC
(Professional
Services)
7
1,736
J
Sainsbury
PLC
(
Consumer
Staples
Distribution
&
Retail)
...........
8
3,613
JD
Sports
Fashion
PLC
(Specialty
Retail)
3
1,703
Kingfisher
PLC
(Specialty
Retail)
......
6
720
Land
Securities
Group
PLC
(Diversified
REITs)
.....................
5
5,619
Legal
&
General
Group
PLC
(Insurance)
.
18
60,061
Lloyds
Banking
Group
PLC
(Banks)
....
74
456
London
Stock
Exchange
Group
PLC
(Capital
Markets)(b)
............
54
2,259
M&G
PLC
(Financial
Services)
........
8
2,028
Marks
&
Spencer
Group
PLC
(Consumer
Staples
Distribution
&
Retail)
.....
9
5,071
National
Grid
PLC
(Multi-Utilities)
.....
86
56
HC
CAPITAL
TRUST
The
Catholic
SRI
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
Kingdom
(continued)
7,890
NatWest
Group
PLC
(Banks)(b)
.......
$
58
114
Next
PLC
(Broadline
Retail)
..........
19
670
Pearson
PLC
(
Diversified
Consumer
Services)
....................
9
159
Pentair
PLC
(Machinery)
............
14
1,788
RELX
PLC
(Professional
Services)
.....
59
2,482
Rentokil
Initial
PLC
(Commercial
Services
&
Supplies)
..................
15
1,151
Rio
Tinto
PLC
(Metals
&
Mining)
......
107
717
Schroders
PLC
(Capital
Markets)
......
6
1,254
Segro
PLC
(Industrial
REITs)
.........
11
310
Severn
Trent
PLC
(Water
Utilities)(b)
...
13
5,745
Shell
PLC
(Oil,
Gas
&
Consumable
Fuels)
266
805
Smith
&
Nephew
PLC
(
Health
Care
Equipment
&
Supplies)
.........
13
323
Smiths
Group
PLC
(Industrial
Conglomerates)
...............
10
66
Spirax
Group
PLC
(Machinery)
........
6
1,185
SSE
PLC
(Electric
Utilities)(b)
........
41
1,912
Standard
Chartered
PLC
(Banks)
.......
40
784
Standard
Life
PLC
(Insurance)
........
7
6,400
Tesco
PLC
(Consumer
Staples
Distribution
&
Retail)
....................
40
953
The
Sage
Group
PLC
(Software)
.......
11
2,202
Unilever
PLC
(Personal
Care
Products)
..
121
692
United
Utilities
Group
PLC
(Water
Utilities)
12
246
Verisure
PLC
(Commercial
Services
&
Supplies)(a)
..................
3
18,755
Vodafone
Group
PLC
(Wireless
Telecommunication
Services)
.....
28
147
Whitbread
PLC
(
Hotels,
Restaurants
&
Leisure)
....................
5
99
Willis
Towers
Watson
PLC
(Insurance)
..
29
657
Wise
PLC,
Class
A
(Financial
Services)(a)
8
2,188
United
States
—
70.22%
419
Adobe,
Inc.
(Software)(a)
............
102
1,640
Advanced
Micro
Devices,
Inc.
(Semiconductors
&
Semiconductor
Equipment)(a)
................
334
130
AECOM
(Construction
&
Engineering)
..
11
266
Affirm
Holdings,
Inc.,
Class
A
(Financial
Services)(a)
..................
12
498
Aflac,
Inc.
(Insurance)
..............
55
227
Air
Products
and
Chemicals,
Inc.
(Chemicals)
..................
66
439
Airbnb,
Inc.,
Class
A
(Hotels,
Restaurants
&
Leisure)(a)
..................
55
253
Alliant
Energy
Corp.
(Electric
Utilities)
..
18
5,868
Alphabet,
Inc.,
Class
A
(
Interactive
Media
&
Services)
....................
1,688
4,880
Alphabet,
Inc.,
Class
C
(Interactive
Media
&
Services)
....................
1,401
9,681
Amazon.com,
Inc.
(Broadline
Retail)(a)
..
2,017
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
States
(continued)
292
Ameren
Corp.
(Multi-Utilities)
........
$
32
543
American
Electric
Power
Co.,
Inc.
(Electric
Utilities)
....................
71
560
American
Express
Co.
(Consumer
Finance)
169
542
American
International
Group,
Inc.
(Insurance)
..................
41
473
American
Tower
Corp.
(Specialized
REITs)
82
192
American
Water
Works
Co.,
Inc.
(Water
Utilities)
....................
26
93
Ameriprise
Financial,
Inc.
(Capital
Markets)
41
238
AMETEK,
Inc.
(Electrical
Equipment)
...
51
1,241
Amphenol
Corp.,
Class
A
(
Electronic
Equipment,
Instruments
&
Components)
.................
157
495
Analog
Devices,
Inc.
(Semiconductors
&
Semiconductor
Equipment)
.......
157
736
Annaly
Capital
Management,
Inc.
(
Mortgage
Real
Estate
Investment
Trusts
(REITs))
...............
16
427
Apollo
Global
Management,
Inc.
(Financial
Services)
....................
48
14,787
Apple,
Inc.
(Technology
Hardware,
Storage
&
Peripherals)
................
3,754
800
Applied
Materials,
Inc.
(
Semiconductors
&
Semiconductor
Equipment)
.......
273
233
AppLovin
Corp.,
Class
A
(Software)(a)
..
93
471
Archer-Daniels-Midland
Co.
(Food
Products)
....................
34
212
Ares
Management
Corp.,
Class
A
(Capital
Markets)
....................
23
1,084
Arista
Networks,
Inc.
(Communications
Equipment)(a)
................
133
262
Arthur
J.
Gallagher
&
Co.
(Insurance)
...
57
222
AST
SpaceMobile,
Inc.
(Diversified
Telecommunication
Services)(a)
...
18
129
Astera
Labs,
Inc.
(
Semiconductors
&
Semiconductor
Equipment)(a)
.....
14
7,146
AT&T,
Inc.
(Diversified
Telecommunication
Services)
....................
207
171
Atmos
Energy
Corp.
(Gas
Utilities)
.....
32
218
Autodesk,
Inc.
(Software)(a)
..........
52
414
Automatic
Data
Processing,
Inc.
(Professional
Services)
..........
84
17
AutoZone,
Inc.
(Specialty
Retail)(a)
.....
57
139
AvalonBay
Communities,
Inc.
(Residential
REITs)
.....................
23
77
Avery
Dennison
Corp.
(Containers
&
Packaging)
..................
13
73
Axon
Enterprise,
Inc.
(Aerospace
&
Defense)(a)
..................
31
1,003
Baker
Hughes
Co.
(Energy
Equipment
&
Services)
....................
61
254
Ball
Corp.
(Containers
&
Packaging)
....
15
6,904
Bank
of
America
Corp.
(Banks)
........
337
1,383
Berkshire
Hathaway,
Inc.,
Class
B
(Financial
Services)(a)
..................
663
194
Best
Buy
Co.,
Inc.
(Specialty
Retail)
....
12
57
HC
CAPITAL
TRUST
The
Catholic
SRI
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
States
(continued)
150
Blackrock,
Inc.
(Capital
Markets)
......
$
144
749
Blackstone,
Inc.
(Capital
Markets)
......
86
539
Block,
Inc.,
Class
A
(
Financial
Services)(a)
32
231
Bloom
Energy
Corp.,
Class
A
(Electrical
Equipment)(a)
................
31
33
Booking
Holdings,
Inc.
(Hotels,
Restaurants
&
Leisure)
...................
139
1,504
Boston
Scientific
Corp.
(
Health
Care
Equipment
&
Supplies)(a)
.......
94
4,532
Broadcom,
Inc.
(Semiconductors
&
Semiconductor
Equipment)
.......
1,404
115
Broadridge
Financial
Solutions,
Inc.
(Professional
Services)
..........
19
403
Brookfield
Asset
Management
Ltd.,
Class
A
(Capital
Markets)
..............
18
163
Brookfield
Renewable
Corp.
(Independent
Power
and
Renewable
Electricity
Producers)
...................
6
283
Brown
&
Brown,
Inc.
(Insurance)
......
18
109
Builders
FirstSource,
Inc.
(Building
Products)(a)
..................
9
138
Bunge
Global
SA
(Food
Products)
......
18
62
Burlington
Stores,
Inc.
(Specialty
Retail)(a)
20
277
Cadence
Design
Systems,
Inc.
(Software)(a)
77
651
Capital
One
Financial
Corp.
(Consumer
Finance)
....................
119
233
Cardinal
Health,
Inc.
(Health
Care
Providers
&
Services)
..................
49
42
Carlisle
Cos.,
Inc.
(Building
Products)
...
14
1,100
Carnival
Corp.
(
Hotels,
Restaurants
&
Leisure)
....................
28
753
Carrier
Global
Corp.
(Building
Products)
.
42
136
Carvana
Co.,
Class
A
(Specialty
Retail)(a)
43
39
Casey's
General
Stores,
Inc.
(
Consumer
Staples
Distribution
&
Retail)
.....
28
472
Caterpillar,
Inc.
(Machinery)
..........
334
104
Cboe
Global
Markets,
Inc.
(Capital
Markets)
29
292
CBRE
Group,
Inc.,
Class
A
(
Real
Estate
Management
&
Development)(a)
...
40
126
CDW
Corp.
(Electronic
Equipment,
Instruments
&
Components)
......
15
182
Cencora,
Inc.
(Health
Care
Providers
&
Services)
....................
57
481
Centene
Corp.
(
Health
Care
Providers
&
Services)(a)
..................
16
643
CenterPoint
Energy,
Inc.
(Multi-Utilities)
.
28
158
CF
Industries
Holdings,
Inc.
(Chemicals)
.
21
116
CH
Robinson
Worldwide,
Inc.
(Air
Freight
&
Logistics)
.................
19
87
Charter
Communications,
Inc.,
Class
A
(Media)(a)
...................
19
216
Cheniere
Energy,
Inc.
(Oil,
Gas
&
Consumable
Fuels)
.............
61
1,928
Chevron
Corp.
(Oil,
Gas
&
Consumable
Fuels)
......................
399
1,313
Chipotle
Mexican
Grill,
Inc.,
Class
A
(
Hotels,
Restaurants
&
Leisure)(a)
..
42
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
States
(continued)
138
Ciena
Corp.
(Communications
Equipment)
(a)
........................
$
54
153
Cincinnati
Financial
Corp.
(Insurance)
...
24
368
Cintas
Corp.
(Commercial
Services
&
Supplies)
....................
62
3,978
Cisco
Systems,
Inc.
(Communications
Equipment)
..................
309
1,809
Citigroup,
Inc.
(Banks)
..............
205
476
Citizens
Financial
Group,
Inc.
(Banks)
...
29
322
Cloudflare,
Inc.,
Class
A
(IT
Services)(a)
.
66
363
CME
Group,
Inc.,
Class
A
(
Capital
Markets)
107
336
CMS
Energy
Corp.
(Multi-Utilities)
.....
26
1,067
Coeur
Mining,
Inc.
(Metals
&
Mining)(a)
.
20
479
Cognizant
Technology
Solutions
Corp.,
Class
A
(IT
Services)
...........
29
153
Coherent
Corp.
(
Electronic
Equipment,
Instruments
&
Components)(a)
....
36
214
Coinbase
Global,
Inc.,
Class
A
(Capital
Markets)(a)
..................
37
782
Colgate-Palmolive
Co.
(Household
Products)
....................
67
3,610
Comcast
Corp.,
Class
A
(
Diversified
Telecommunication
Services)
.....
104
35
Comfort
Systems
USA,
Inc.
(Construction
&
Engineering)
...............
48
1,248
ConocoPhillips
(Oil,
Gas
&
Consumable
Fuels)
......................
165
354
Consolidated
Edison,
Inc.
(Multi-Utilities)
40
146
Constellation
Brands,
Inc.,
Class
A
(Beverages)
..................
22
306
Constellation
Energy
Corp.
(Electric
Utilities)
....................
85
899
Copart,
Inc.
(Commercial
Services
&
Supplies)(a)
..................
30
289
Corebridge
Financial,
Inc.
(Financial
Services)
....................
7
232
CoreWeave,
Inc.,
Class
A
(IT
Services)(a)
18
66
Corpay,
Inc.
(Financial
Services)(a)
.....
19
697
Corteva,
Inc.
(Chemicals)
............
58
415
CoStar
Group,
Inc.
(Real
Estate
Management
&
Development)(a)
...
17
447
Costco
Wholesale
Corp.
(Consumer
Staples
Distribution
&
Retail)
...........
445
751
Coterra
Energy,
Inc.
(Oil,
Gas
&
Consumable
Fuels)
.............
26
152
Credo
Technology
Group
Holding
Ltd.
(Semiconductors
&
Semiconductor
Equipment)(a)
................
14
256
Crowdstrike
Holdings,
Inc.,
Class
A
(Software)(a)
.................
100
428
Crown
Castle,
Inc.
(Specialized
REITs)
..
35
1,887
CSX
Corp.
(Ground
Transportation)
....
77
141
Cummins,
Inc.
(Machinery)
..........
76
36
Curtiss-Wright
Corp.
(
Aerospace
&
Defense)
....................
25
1,289
CVS
Health
Corp.
(Health
Care
Providers
&
Services)
....................
93
58
HC
CAPITAL
TRUST
The
Catholic
SRI
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
States
(continued)
271
D.R.
Horton,
Inc.
(Household
Durables)
..
$
37
114
Darden
Restaurants,
Inc.
(Hotels,
Restaurants
&
Leisure)
..........
22
301
Datadog,
Inc.,
Class
A
(Software)(a)
....
36
145
Deckers
Outdoor
Corp.
(Textiles,
Apparel
&
Luxury
Goods)(a)
.............
15
260
Deere
&
Co.
(Machinery)
............
146
317
Dell
Technologies,
Inc.,
Class
C
(
Technology
Hardware,
Storage
&
Peripherals)
..................
52
161
Delta
Air
Lines,
Inc.
(Passenger
Airlines)
.
11
596
Devon
Energy
Corp.
(Oil,
Gas
&
Consumable
Fuels)
.............
30
385
Dexcom,
Inc.
(
Health
Care
Equipment
&
Supplies)(a)
..................
24
186
Diamondback
Energy,
Inc.
(Oil,
Gas
&
Consumable
Fuels)
.............
37
65
Dick's
Sporting
Goods,
Inc.
(Specialty
Retail)
......................
13
350
Digital
Realty
Trust,
Inc.
(Specialized
REITs)
.....................
63
216
Dollar
General
Corp.
(Consumer
Staples
Distribution
&
Retail)
...........
26
193
Dollar
Tree,
Inc.
(Consumer
Staples
Distribution
&
Retail)(a)
.........
21
885
Dominion
Energy,
Inc.
(Multi-Utilities)
..
55
31
Domino's
Pizza,
Inc.
(
Hotels,
Restaurants
&
Leisure)
....................
11
393
DoorDash,
Inc.,
Class
A
(Hotels,
Restaurants
&
Leisure)(a)
.................
59
134
Dover
Corp.
(Machinery)
............
28
693
Dow,
Inc.
(Chemicals)
..............
29
205
DTE
Energy
Co.
(Multi-Utilities)
......
30
785
Duke
Energy
Corp.
(Electric
Utilities)
...
103
405
DuPont
de
Nemours,
Inc.
(Chemicals)
...
19
449
eBay,
Inc.
(Broadline
Retail)
..........
41
138
EchoStar
Corp.,
Class
A
(Media)(a)
.....
16
262
Ecolab,
Inc.
(Chemicals)
.............
70
378
Edison
International
(Electric
Utilities)
..
28
577
Edwards
Lifesciences
Corp.
(Health
Care
Equipment
&
Supplies)(a)
.......
46
233
Electronic
Arts,
Inc.
(Entertainment)
....
48
221
Elevance
Health,
Inc.
(
Health
Care
Providers
&
Services)
...........
65
44
EMCOR
Group,
Inc.
(Construction
&
Engineering)
.................
32
572
Emerson
Electric
Co.
(Electrical
Equipment)
75
147
Entegris,
Inc.
(
Semiconductors
&
Semiconductor
Equipment)
.......
17
460
Entergy
Corp.
(Electric
Utilities)
.......
52
535
EOG
Resources,
Inc.
(Oil,
Gas
&
Consumable
Fuels)
.............
77
612
EQT
Corp.
(Oil,
Gas
&
Consumable
Fuels)
39
122
Equifax,
Inc.
(
Professional
Services)
....
22
99
Equinix,
Inc.
(Specialized
REITs)
......
97
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
States
(continued)
295
Equitable
Holdings,
Inc.
(Financial
Services)
....................
$
11
388
Equity
Residential
(Residential
REITs)
..
23
25
Erie
Indemnity
Co.,
Class
A
(Insurance)
..
6
63
Essex
Property
Trust,
Inc.
(Residential
REITs)
.....................
15
228
Evergy,
Inc.
(Electric
Utilities)
........
19
305
Everpure,
Inc.,
Class
A
(Technology
Hardware,
Storage
&
Peripherals)(a)
18
365
Eversource
Energy
(Electric
Utilities)
...
25
992
Exelon
Corp.
(Electric
Utilities)
.......
49
234
Expand
Energy
Corp.
(Oil,
Gas
&
Consumable
Fuels)
.............
26
116
Expedia
Group,
Inc.
(Hotels,
Restaurants
&
Leisure)
....................
27
133
Expeditors
International
of
Washington,
Inc.
(Air
Freight
&
Logistics)
........
19
208
Extra
Space
Storage,
Inc.
(Specialized
REITs)
.....................
27
4,241
Exxon
Mobil
Corp.
(Oil,
Gas
&
Consumable
Fuels)
......................
720
56
F5,
Inc.
(
Communications
Equipment)(a)
.
16
24
Fair
Isaac
Corp.
(Software)(a)
.........
26
1,163
Fastenal
Co.
(Trading
Companies
&
Distributors)
.................
54
226
FedEx
Corp.
(Air
Freight
&
Logistics)
...
80
192
Ferguson
Enterprises,
Inc.
(Trading
Companies
&
Distributors)
.......
45
254
Fidelity
National
Financial,
Inc.
(Insurance)
12
513
Fidelity
National
Information
Services,
Inc.
(Financial
Services)
............
24
881
Fifth
Third
Bancorp
(Banks)
..........
41
9
First
Citizens
BancShares,
Inc.,
Class
A
(Banks)
.....................
17
99
First
Solar,
Inc.
(Semiconductors
&
Semiconductor
Equipment)(a)
.....
20
541
FirstEnergy
Corp.
(Electric
Utilities)
....
27
533
Fiserv,
Inc.
(Financial
Services)(a)
......
30
368
Flex
Ltd.
(Electronic
Equipment,
Instruments
&
Components)(a)
....
24
4,071
Ford
Motor
Co.
(Automobiles)
........
47
636
Fortinet,
Inc.
(Software)(a)
...........
52
327
Fortive
Corp.
(Machinery)
...........
18
199
Fox
Corp.,
Class
A
(Media)
...........
12
154
Fox
Corp.,
Class
B
(Media)
...........
8
1,463
Freeport-McMoRan,
Inc.
(Metals
&
Mining)
86
101
FTAI
Aviation
Ltd.
(Aerospace
&
Defense)
(b)
........................
25
74
Gartner,
Inc.
(IT
Services)(a)
..........
12
274
GE
Vernova,
Inc.
(Electrical
Equipment)
.
239
522
Gen
Digital,
Inc.
(Software)
..........
10
524
General
Mills,
Inc.
(Food
Products)
.....
20
932
General
Motors
Co.
(Automobiles)
.....
69
137
Genuine
Parts
Co.
(Distributors)
.......
14
239
Global
Payments,
Inc.
(Financial
Services)
16
59
HC
CAPITAL
TRUST
The
Catholic
SRI
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
States
(continued)
138
GoDaddy,
Inc.,
Class
A
(IT
Services)(a)
..
$
11
148
Graco,
Inc.
(Machinery)
.............
13
838
Halliburton
Co.
(Energy
Equipment
&
Services)
....................
33
686
Healthpeak
Properties,
Inc.
(Health
Care
REITs)
.....................
11
41
HEICO
Corp.
(Aerospace
&
Defense)
...
11
78
HEICO
Corp.,
Class
A
(Aerospace
&
Defense)
....................
16
1,288
Hewlett
Packard
Enterprise
Co.
(
Technology
Hardware,
Storage
&
Peripherals)
..
31
242
Hilton
Worldwide
Holdings,
Inc.
(Hotels,
Restaurants
&
Leisure)
..........
74
220
Hologic,
Inc.
(Health
Care
Equipment
&
Supplies)(a)
..................
17
295
Hormel
Foods
Corp.
(Food
Products)
....
7
389
Howmet
Aerospace,
Inc.
(Aerospace
&
Defense)
....................
90
905
HP,
Inc.
(Technology
Hardware,
Storage
&
Peripherals)
..................
17
57
Hubbell,
Inc.
(Electrical
Equipment)
....
28
49
HubSpot,
Inc.
(Software)(a)
..........
12
118
Humana,
Inc.
(
Health
Care
Providers
&
Services)
....................
20
1,984
Huntington
Bancshares,
Inc.
(Banks)
....
31
46
Hyatt
Hotels
Corp.,
Class
A
(Hotels,
Restaurants
&
Leisure)
..........
7
73
IDEX
Corp.
(Machinery)
............
14
79
IDEXX
Laboratories,
Inc.
(Health
Care
Equipment
&
Supplies)(a)
.......
44
282
Illinois
Tool
Works,
Inc.
(Machinery)
....
73
162
Incyte
Corp.
(Biotechnology)(a)
.......
15
387
Ingersoll
Rand,
Inc.
(Machinery)
.......
31
207
Insmed,
Inc.
(
Biotechnology)(a)
.......
34
69
Insulet
Corp.
(Health
Care
Equipment
&
Supplies)(a)
..................
14
4,556
Intel
Corp.
(Semiconductors
&
Semiconductor
Equipment)(a)
.....
201
438
Interactive
Brokers
Group,
Inc.,
Class
A
(Capital
Markets)
..............
29
577
Intercontinental
Exchange,
Inc.
(Capital
Markets)
....................
91
942
International
Business
Machines
Corp.
(IT
Services)
....................
228
251
International
Flavors
&
Fragrances,
Inc.
(Chemicals)
..................
18
490
International
Paper
Co.
(
Containers
&
Packaging)
..................
17
282
Intuit,
Inc.
(Software)
...............
122
358
Intuitive
Surgical,
Inc.
(Health
Care
Equipment
&
Supplies)(a)
.......
165
569
Invitation
Homes,
Inc.
(Residential
REITs)
14
288
IonQ,
Inc.
(
Technology
Hardware,
Storage
&
Peripherals)(a)
..............
8
167
IQVIA
Holdings,
Inc.
(Life
Sciences
Tools
&
Services)(a)
................
28
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
States
(continued)
290
Iron
Mountain,
Inc.
(Specialized
REITs)
.
$
30
104
Jabil,
Inc.
(
Electronic
Equipment,
Instruments
&
Components)
......
28
68
Jack
Henry
&
Associates,
Inc.
(Financial
Services)
....................
11
117
Jacobs
Solutions,
Inc.
(Professional
Services)
....................
15
76
JB
Hunt
Transport
Services,
Inc.
(
Ground
Transportation)
...............
16
623
Johnson
Controls
International
PLC
(Building
Products)
............
82
2,738
JPMorgan
Chase
&
Co.
(Banks)
.......
805
1,884
Kenvue,
Inc.
(Personal
Care
Products)
...
32
1,266
Keurig
Dr
Pepper,
Inc.
(Beverages)
.....
33
913
KeyCorp
(Banks)
..................
18
168
Keysight
Technologies,
Inc.
(Electronic
Equipment,
Instruments
&
Components)(a)
...............
47
326
Kimberly-Clark
Corp.
(Household
Products)
31
664
Kimco
Realty
Corp.
(Retail
REITs)
.....
15
2,029
Kinder
Morgan,
Inc.
(Oil,
Gas
&
Consumable
Fuels)
.............
68
635
KKR
&
Co.,
Inc.
(Capital
Markets)
.....
59
133
KLA
Corp.
(Semiconductors
&
Semiconductor
Equipment)
.......
196
82
Labcorp
Holdings,
Inc.
(
Health
Care
Providers
&
Services)
...........
22
1,269
Lam
Research
Corp.
(Semiconductors
&
Semiconductor
Equipment)
.......
271
209
Lennar
Corp.,
Class
A
(Household
Durables)
18
31
Lennox
International,
Inc.
(Building
Products)
....................
14
209
Liberty
Media
Corp.-Liberty
Formula
One
(Entertainment)(a)
.............
18
472
Linde
PLC
(Chemicals)
.............
234
159
Live
Nation
Entertainment,
Inc.
(Entertainment)(a)
.............
24
171
Loews
Corp.
(Insurance)
.............
18
568
Lowe's
Cos.,
Inc.
(
Specialty
Retail)
.....
134
79
LPL
Financial
Holdings,
Inc.
(Capital
Markets)
....................
24
70
Lumentum
Holdings,
Inc.
(Communications
Equipment)(a)
................
49
251
LyondellBasell
Industries
N.V.,
Class
A
(Chemicals)
..................
20
153
M&T
Bank
Corp.
(Banks)
............
32
298
Marathon
Petroleum
Corp.
(Oil,
Gas
&
Consumable
Fuels)
.............
73
12
Markel
Group,
Inc.
(Insurance)(a)
......
23
227
Marriott
International,
Inc.,
Class
A
(Hotels,
Restaurants
&
Leisure)
..........
74
503
Marsh
&
McLennan
Cos.,
Inc.
(Insurance)
87
63
Martin
Marietta
Materials,
Inc.
(Construction
Materials)
.........
37
842
Marvell
Technology,
Inc.
(Semiconductors
&
Semiconductor
Equipment)
.....
83
60
HC
CAPITAL
TRUST
The
Catholic
SRI
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
States
(continued)
208
Masco
Corp.
(Building
Products)
.......
$
13
854
Mastercard,
Inc.,
Class
A
(Financial
Services)
....................
427
249
McCormick
&
Co.,
Inc.
(Food
Products)
.
13
715
McDonald's
Corp.
(Hotels,
Restaurants
&
Leisure)
....................
222
2,191
Meta
Platforms,
Inc.,
Class
A
(
Interactive
Media
&
Services)
.............
1,254
552
MetLife,
Inc.
(Insurance)
............
39
20
Mettler-Toledo
International,
Inc.
(Life
Sciences
Tools
&
Services)(a)
.....
25
525
Microchip
Technology,
Inc.
(
Semiconductors
&
Semiconductor
Equipment)
..................
34
1,133
Micron
Technology,
Inc.
(Semiconductors
&
Semiconductor
Equipment)
.......
383
7,102
Microsoft
Corp.
(Software)
...........
2,630
114
Mid-America
Apartment
Communities,
Inc.
(Residential
REITs)
............
14
1,314
Mondelez
International,
Inc.,
Class
A
(Food
Products)
....................
76
80
MongoDB,
Inc.,
Class
A
(IT
Services)(a)
.
20
47
Monolithic
Power
Systems,
Inc.
(Semiconductors
&
Semiconductor
Equipment)
..................
51
717
Monster
Beverage
Corp.
(Beverages)(a)
..
52
163
Moody's
Corp.
(Capital
Markets)
.......
71
1,206
Morgan
Stanley
(Capital
Markets)
......
198
168
Motorola
Solutions,
Inc.
(Communications
Equipment)
..................
73
76
MSCI,
Inc.,
Class
A
(Capital
Markets)
...
41
451
Nasdaq,
Inc.
(Capital
Markets)
........
38
128
Natera,
Inc.
(Biotechnology)(a)
........
26
193
NetApp,
Inc.
(
Technology
Hardware,
Storage
&
Peripherals)
..........
20
4,266
Netflix,
Inc.
(Entertainment)(a)
........
410
97
Neurocrine
Biosciences,
Inc.
(Biotechnology)(a)
.............
13
1,110
Newmont
Corp.
(Metals
&
Mining)
.....
120
338
News
Corp.,
Class
A
(Media)
.........
8
2,078
NextEra
Energy,
Inc.
(Electric
Utilities)
..
193
1,216
NIKE,
Inc.,
Class
B
(Textiles,
Apparel
&
Luxury
Goods)
...............
64
525
NiSource,
Inc.
(Multi-Utilities)
........
24
52
Nordson
Corp.
(Machinery)
..........
14
228
Norfolk
Southern
Corp.
(Ground
Transportation)
...............
65
189
Northern
Trust
Corp.
(Capital
Markets)
..
26
207
NRG
Energy,
Inc.
(Electric
Utilities)
....
30
239
Nucor
Corp.
(Metals
&
Mining)
.......
40
24,446
NVIDIA
Corp.
(
Semiconductors
&
Semiconductor
Equipment)
.......
4,264
3
NVR,
Inc.
(Household
Durables)(a)
.....
20
727
Occidental
Petroleum
Corp.
(Oil,
Gas
&
Consumable
Fuels)
.............
47
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
States
(continued)
109
Oklo,
Inc.,
Class
A
(Electric
Utilities)(a)
.
$
5
165
Okta,
Inc.,
Class
A
(IT
Services)(a)
.....
13
185
Old
Dominion
Freight
Line,
Inc.
(Ground
Transportation)
...............
36
314
Omnicom
Group,
Inc.
(Media)
........
24
394
ON
Semiconductor
Corp.
(
Semiconductors
&
Semiconductor
Equipment)(a)
...
24
644
ONEOK,
Inc.
(Oil,
Gas
&
Consumable
Fuels)
......................
58
1,737
Oracle
Corp.
(Software)
.............
256
857
O'Reilly
Automotive,
Inc.
(Specialty
Retail)
(a)
........................
79
384
Otis
Worldwide
Corp.
(Machinery)
.....
30
542
PACCAR,
Inc.
(Machinery)
..........
63
88
Packaging
Corp.
of
America
(Containers
&
Packaging)
..................
19
2,302
Palantir
Technologies,
Inc.,
Class
A
(Software)(a)
.................
337
806
Palo
Alto
Networks,
Inc.
(Software)(a)
...
129
129
Parker-Hannifin
Corp.
(Machinery)
.....
115
319
Paychex,
Inc.
(Professional
Services)
....
29
892
PayPal
Holdings,
Inc.
(Financial
Services)
40
1,379
PepsiCo,
Inc.
(Beverages)
............
214
2,158
PG&E
Corp.
(Electric
Utilities)
........
38
411
Phillips
66
(Oil,
Gas
&
Consumable
Fuels)
75
147
Pinnacle
Financial
Partners,
Inc.
(Banks)
.
13
586
Pinterest,
Inc.,
Class
A
(Interactive
Media
&
Services)(a)
..................
11
222
PPG
Industries,
Inc.
(Chemicals)
.......
24
728
PPL
Corp.
(Electric
Utilities)
..........
28
218
Principal
Financial
Group,
Inc.
(Insurance)
20
945
Prologis,
Inc.
(Industrial
REITs)
.......
125
344
Prudential
Financial,
Inc.
(Insurance)
....
34
118
PTC,
Inc.
(Software)(a)
.............
17
520
Public
Service
Enterprise
Group,
Inc.
(Multi-Utilities)
...............
42
155
Public
Storage
(Specialized
REITs)
.....
42
195
PulteGroup,
Inc.
(Household
Durables)
..
23
204
Qnity
Electronics,
Inc.
(Semiconductors
&
Semiconductor
Equipment)
.......
24
1,073
QUALCOMM,
Inc.
(Semiconductors
&
Semiconductor
Equipment)
.......
138
151
Quanta
Services,
Inc.
(Construction
&
Engineering)
.................
83
111
Quest
Diagnostics,
Inc.
(Health
Care
Providers
&
Services)
...........
22
186
Raymond
James
Financial,
Inc.
(Capital
Markets)
....................
27
182
RB
Global,
Inc.
(Commercial
Services
&
Supplies)
....................
17
940
Realty
Income
Corp.
(Retail
REITs)
.....
58
99
Reddit,
Inc.,
Class
A
(Interactive
Media
&
Services)(a)
..................
13
196
Regency
Centers
Corp.
(Retail
REITs)
...
15
874
Regions
Financial
Corp.
(Banks)
.......
23
61
HC
CAPITAL
TRUST
The
Catholic
SRI
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
States
(continued)
51
Reliance,
Inc.
(Metals
&
Mining)
......
$
15
214
Republic
Services,
Inc.,
Class
A
(Commercial
Services
&
Supplies)
.
47
144
ResMed,
Inc.
(Health
Care
Equipment
&
Supplies)
....................
32
340
Restaurant
Brands
International,
Inc.
(Hotels,
Restaurants
&
Leisure)
....
25
769
Rivian
Automotive,
Inc.,
Class
A
(Automobiles)(a)
..............
12
751
Robinhood
Markets,
Inc.,
Class
A
(Capital
Markets)(a)
..................
52
571
ROBLOX
Corp.,
Class
A
(Entertainment)(a)
32
904
Rocket
Cos.,
Inc.,
Class
A
(Financial
Services)(a)
..................
13
473
Rocket
Lab
Corp.
(Aerospace
&
Defense)(a)
30
110
Rockwell
Automation,
Inc.
(Electrical
Equipment)
..................
39
282
Rollins,
Inc.
(Commercial
Services
&
Supplies)
....................
15
106
Roper
Technologies,
Inc.
(Software)
....
38
331
Ross
Stores,
Inc.
(Specialty
Retail)
.....
72
260
Royal
Caribbean
Cruises
Ltd.
(Hotels,
Restaurants
&
Leisure)
..........
72
406
Royalty
Pharma
PLC,
Class
A
(Pharmaceuticals)
.............
19
126
RPM
International,
Inc.
(Chemicals)
....
13
313
S&P
Global,
Inc.
(Capital
Markets)
.....
133
947
Salesforce,
Inc.
(Software)
...........
177
342
Samsara,
Inc.,
Class
A
(Software)(a)
....
11
106
SBA
Communications
Corp.,
Class
A
(Specialized
REITs)
............
18
221
Seagate
Technology
Holdings
PLC
(Technology
Hardware,
Storage
&
Peripherals)
..................
87
671
Sempra
(Multi-Utilities)
.............
65
1,054
ServiceNow,
Inc.
(Software)(a)
........
110
332
Simon
Property
Group,
Inc.
(Retail
REITs)
62
1,512
SLB
Ltd.
(
Energy
Equipment
&
Services)
78
971
Snap,
Inc.,
Class
A
(Interactive
Media
&
Services)(a)
..................
4
50
Snap-on,
Inc.
(Machinery)
...........
18
330
Snowflake,
Inc.,
Class
A
(IT
Services)(a)
.
50
1,290
SoFi
Technologies,
Inc.
(Consumer
Finance)
(a)
........................
20
155
Solventum
Corp.
(Health
Care
Equipment
&
Supplies)(a)
..................
10
218
SS&C
Technologies
Holdings,
Inc.
(Professional
Services)
..........
15
1,151
Starbucks
Corp.
(
Hotels,
Restaurants
&
Leisure)
....................
103
279
State
Street
Corp.
(Capital
Markets)
.....
35
137
Steel
Dynamics,
Inc.
(Metals
&
Mining)
.
25
98
STERIS
PLC
(Health
Care
Equipment
&
Supplies)
....................
22
256
Strategy,
Inc.,
Class
A
(Software)(a)
.....
32
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
States
(continued)
350
Stryker
Corp.
(Health
Care
Equipment
&
Supplies)
....................
$
115
123
Sun
Communities,
Inc.
(Residential
REITs)
15
413
Sunbelt
Rentals
Holdings,
Inc.
(Trading
Companies
&
Distributors)
.......
26
523
Super
Micro
Computer,
Inc.
(Technology
Hardware,
Storage
&
Peripherals)(a)
12
363
Synchrony
Financial
(Consumer
Finance)
25
194
Synopsys,
Inc.
(Software)(a)
..........
77
471
Sysco
Corp.
(
Consumer
Staples
Distribution
&
Retail)
....................
34
216
T.
Rowe
Price
Group,
Inc.
(Capital
Markets)
19
182
Take-Two
Interactive
Software,
Inc.
(Entertainment)(a)
.............
36
205
Tapestry,
Inc.
(
Textiles,
Apparel
&
Luxury
Goods)
.....................
29
211
Targa
Resources
Corp.
(Oil,
Gas
&
Consumable
Fuels)
.............
53
446
Target
Corp.
(Consumer
Staples
Distribution
&
Retail)
....................
54
155
Teradyne,
Inc.
(
Semiconductors
&
Semiconductor
Equipment)
.......
46
2,845
Tesla,
Inc.
(Automobiles)(a)
..........
1,058
915
Texas
Instruments,
Inc.
(Semiconductors
&
Semiconductor
Equipment)
.......
178
61
Texas
Pacific
Land
Corp.
(
Oil,
Gas
&
Consumable
Fuels)
.............
29
258
The
Allstate
Corp.
(Insurance)
.........
53
718
The
Bank
of
New
York
Mellon
Corp.
(Capital
Markets)
..............
85
232
The
Carlyle
Group,
Inc.
(Capital
Markets)
11
1,708
The
Charles
Schwab
Corp.
(Capital
Markets)
....................
161
273
The
Cigna
Group
(Health
Care
Providers
&
Services)
....................
73
120
The
Clorox
Co.
(Household
Products)
...
12
4,118
The
Coca-Cola
Co.
(Beverages)
.......
313
249
The
Estee
Lauder
Cos.,
Inc.,
Class
A
(Personal
Care
Products)
........
18
303
The
Goldman
Sachs
Group,
Inc.
(Capital
Markets)
....................
256
276
The
Hartford
Insurance
Group,
Inc.
(Insurance)
..................
37
145
The
Hershey
Co.
(Food
Products)
......
30
1,004
The
Home
Depot,
Inc.
(Specialty
Retail)
.
330
870
The
Kraft
Heinz
Co.
(Food
Products)
....
20
587
The
Kroger
Co.
(Consumer
Staples
Distribution
&
Retail)
...........
42
394
The
PNC
Financial
Services
Group,
Inc.
(Banks)
.....................
82
593
The
Progressive
Corp.
(Insurance)
......
118
233
The
Sherwin-Williams
Co.
(Chemicals)
..
75
1,112
The
Southern
Co.
(Electric
Utilities)
....
107
1,126
The
TJX
Cos.,
Inc.
(Specialty
Retail)
....
180
437
The
Trade
Desk,
Inc.,
Class
A
(Media)
(a)
.
10
221
The
Travelers
Cos.,
Inc.
(Insurance)
.....
64
62
HC
CAPITAL
TRUST
The
Catholic
SRI
Growth
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
States
(continued)
1,805
The
Walt
Disney
Co.
(Entertainment)
....
$
174
1,235
The
Williams
Cos.,
Inc.
(Oil,
Gas
&
Consumable
Fuels)
.............
90
509
T-Mobile
US,
Inc.
(
Wireless
Telecommunication
Services)
.....
107
449
Toast,
Inc.,
Class
A
(Financial
Services)(a)
12
516
Tractor
Supply
Co.
(Specialty
Retail)
....
23
114
Tradeweb
Markets,
Inc.,
Class
A
(Capital
Markets)
....................
13
58
TransDigm
Group,
Inc.
(Aerospace
&
Defense)
....................
67
190
TransUnion
(Professional
Services)
.....
13
229
Trimble,
Inc.
(Software)(a)
...........
15
1,320
Truist
Financial
Corp.
(Banks)
.........
61
151
Twilio,
Inc.,
Class
A
(IT
Services)(a)
....
19
43
Tyler
Technologies,
Inc.
(Software)(a)
...
15
281
Tyson
Foods,
Inc.,
Class
A
(Food
Products)
18
1,596
U.S.
Bancorp
(Banks)
...............
83
1,993
Uber
Technologies,
Inc.
(Ground
Transportation)(a)
.............
143
309
UDR,
Inc.
(
Residential
REITs)
........
10
44
Ulta
Beauty,
Inc.
(Specialty
Retail)(a)
...
23
589
Union
Pacific
Corp.
(Ground
Transportation)
...............
143
80
United
Airlines
Holdings,
Inc.
(Passenger
Airlines)(a)
..................
7
748
United
Parcel
Service,
Inc.,
Class
B
(Air
Freight
&
Logistics)
............
74
63
United
Rentals,
Inc.
(Trading
Companies
&
Distributors)
.................
46
310
Valero
Energy
Corp.
(Oil,
Gas
&
Consumable
Fuels)
.............
77
152
Veeva
Systems,
Inc.,
Class
A
(
Health
Care
Technology)(a)
...............
27
471
Ventas,
Inc.
(Health
Care
REITs)
.......
39
241
Veralto
Corp.
(Commercial
Services
&
Supplies)
....................
21
83
VeriSign,
Inc.
(IT
Services)
...........
21
137
Verisk
Analytics,
Inc.,
Class
A
(
Professional
Services)
....................
26
4,251
Verizon
Communications,
Inc.
(Diversified
Telecommunication
Services)
.....
213
367
Vertiv
Holdings
Co.,
Class
A
(Electrical
Equipment)
..................
92
1,700
Visa,
Inc.,
Class
A
(Financial
Services)
..
514
332
Vistra
Corp.
(Independent
Power
and
Renewable
Electricity
Producers)
..
50
139
Vulcan
Materials
Co.
(Construction
Materials)
...................
38
247
W.R.
Berkley
Corp.
(Insurance)
........
16
46
W.W.
Grainger,
Inc.
(
Trading
Companies
&
Distributors)
.................
50
4,411
Walmart,
Inc.
(Consumer
Staples
Distribution
&
Retail)
...........
548
2,380
Warner
Bros.
Discovery,
Inc.
(Entertainment)(a)
.............
65
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
States
(continued)
404
Waste
Management,
Inc.
(
Commercial
Services
&
Supplies)
...........
$
93
97
Waters
Corp.
(Life
Sciences
Tools
&
Services)(a)
..................
29
34
Watsco,
Inc.
(Trading
Companies
&
Distributors)
.................
12
335
WEC
Energy
Group,
Inc.
(Multi-Utilities)
39
3,164
Wells
Fargo
&
Co.
(Banks)
...........
252
694
Welltower,
Inc.
(Health
Care
REITs)
....
137
71
West
Pharmaceutical
Services,
Inc.
(Life
Sciences
Tools
&
Services)
.......
18
340
Western
Digital
Corp.
(
Technology
Hardware,
Storage
&
Peripherals)
..
92
179
Westinghouse
Air
Brake
Technologies
Corp.
(Machinery)
.................
45
705
Weyerhaeuser
Co.
(Specialized
REITs)
..
17
119
Williams-Sonoma,
Inc.
(Specialty
Retail)
.
22
213
Workday,
Inc.,
Class
A
(Software)(a)
....
28
216
WP
Carey,
Inc.
(Diversified
REITs)
.....
15
581
Xcel
Energy,
Inc.
(Electric
Utilities)
.....
46
238
Xylem,
Inc.
(Machinery)
.............
28
273
Yum!
Brands,
Inc.
(
Hotels,
Restaurants
&
Leisure)
....................
42
49
Zebra
Technologies
Corp.
(Electronic
Equipment,
Instruments
&
Components)(a)
...............
10
164
Zillow
Group,
Inc.,
Class
C
(Real
Estate
Management
&
Development)(a)
...
7
196
Zimmer
Biomet
Holdings,
Inc.
(Health
Care
Equipment
&
Supplies)
.........
18
435
Zoetis,
Inc.,
Class
A
(Pharmaceuticals)
...
51
249
Zoom
Communications,
Inc.,
Class
A
(Software)(a)
.................
20
101
Zscaler,
Inc.
(Software)(a)
............
14
49,579
Uruguay
—
0.11%
45
MercadoLibre,
Inc.
(Broadline
Retail)(a)
.
78
Total
Common
Stocks
(cost
$44,078
)
...
70,424
Right
—
0.00%
Italy
—
0.00%
17,280
Telecom
Italia
SpA,
4/1/26
(Diversified
Telecommunication
Services)(a)
...
—
Total
Right
(cost
$—
)
..............
—
63
HC
CAPITAL
TRUST
The
Catholic
SRI
Growth
Portfolio
Portfolio
of
Investments
(concluded)
—
March
31,
2026
(Unaudited)
As
of
March
31,
2026
,
100%
of
the
Portfolio’s
net
assets
were
managed
by
Mellon
Investments
Corporation.
Shares
Security
Description
Value
(000)
Warrant
—
0.00%
Canada
—
0.00%
12
Constellation
Software,
Inc.,
3/31/40
(Software)(a)(c)
...............
$
—
Total
Warrant
(cost
$—
)
............
—
Investment
Companies
—
0.50%
Money
Market
Funds
—
0.50%
155,693
Federated
Hermes
Treasury
Obligations
Fund,
Institutional
Shares
,
3.53
%^^(d)
156
194,583
State
Street
Institutional
Treasury
Plus
Money
Market
Fund,
Trust
Class
,
3.55%(d)
....................
194
Total
Investment
Companies
(cost
$350
)
350
Total
Investments
(cost
$44,428
)
—
100.25%
....................
70,774
Liabilities
in
excess
of
other
assets
—
(0.25)%
....................
(176)
Net
Assets
-
100.00%
..............
$
70,598
Amounts
designated
as
"—"
are
$0
or
have
been
rounded
to
$0.
^
All
or
part
of
this
security
was
on
loan
as
of
March
31,
2026.
^^
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,
2026.
(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,
2026.
(d)
Annualized
7-day
yield
as
of
period-end.
ADR—American
Depositary
Receipt
PLC
—
Public
Limited
Company
REIT—Real
Estate
Investment
Trust
HC
CAPITAL
TRUST
The
International
Equity
Portfolio
Portfolio
of
Investments
—
March
31,
2026
(Unaudited)
64
Shares
Security
Description
Value
(000)
Common
Stocks
—
92.97%
Australia
—
5.41%
153,655
ANZ
Group
Holdings
Ltd.
(Banks)
.....
$
3,863
21,823
Aristocrat
Leisure
Ltd.
(Hotels,
Restaurants
&
Leisure)
...................
693
82,839
Bendigo
&
Adelaide
Bank
Ltd.
(Banks)
..
570
31,893
BHP
Group
Ltd.
(Metals
&
Mining)
.....
1,154
85,014
BHP
Group
Ltd.
(Metals
&
Mining)
.....
3,081
43,919
Commonwealth
Bank
of
Australia
(Banks)
5,141
100,289
Evolution
Mining
Ltd.
(Metals
&
Mining)
903
68,557
Goodman
Group
(Industrial
REITs)
.....
1,231
46,309
Lynas
Rare
Earths
Ltd.
(Metals
&
Mining)
(a)
........................
629
7,899
Macquarie
Group
Ltd.
(Capital
Markets)
.
1,122
174,147
National
Australia
Bank
Ltd.
(Banks)
....
5,035
41,245
Qantas
Airways
Ltd.
(Passenger
Airlines)
.
242
55,092
QBE
Insurance
Group
Ltd.
(Insurance)
..
813
15,339
Rio
Tinto
Ltd.
(Metals
&
Mining)
......
1,742
150,128
Santos
Ltd.
(Oil,
Gas
&
Consumable
Fuels)
(b)
........................
822
198,921
Scentre
Group
(Retail
REITs)
.........
459
15,683
Suncorp
Group
Ltd.
(Insurance)
.......
176
63,839
Wesfarmers
Ltd.
(Broadline
Retail)
.....
3,259
148,167
Westpac
Banking
Corp.
(Banks)
.......
4,093
31,902
WiseTech
Global
Ltd.
(Software)
.......
861
20,060
Woodside
Energy
Group
Ltd.
(Oil,
Gas
&
Consumable
Fuels)
.............
476
35,740
Worley
Ltd.
(Construction
&
Engineering)
281
36,646
Austria
—
0.43%
23,927
Erste
Group
Bank
AG
(Banks)(b)
......
2,584
4,792
OMV
AG
(Oil,
Gas
&
Consumable
Fuels)
351
2,935
Belgium
—
0.57%
40,660
Anheuser-Busch
InBev
SA/N.V.
(Beverages)
..................
2,813
3,425
UCB
SA
(Pharmaceuticals)
...........
1,032
3,845
Canada
—
11.07%
5,591
Agnico
Eagle
Mines
Ltd.
(Metals
&
Mining)
1,135
8,453
Alamos
Gold,
Inc.
(Metals
&
Mining)
...
376
50,883
Alimentation
Couche-Tard,
Inc.
(Consumer
Staples
Distribution
&
Retail)
.....
2,885
8,987
AltaGas
Ltd.
(Gas
Utilities)
...........
312
45,514
Bank
of
Montreal
(Banks)
............
6,166
8,013
Barrick
Mining
Corp.
(Metals
&
Mining)
.
328
31,854
Cameco
Corp.
(Oil,
Gas
&
Consumable
Fuels)
......................
3,465
4,255
Canadian
Imperial
Bank
of
Commerce
(Banks)
.....................
403
111,414
Canadian
Natural
Resources
Ltd.
(Oil,
Gas
&
Consumable
Fuels)
...........
5,436
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Canada
(continued)
4,542
Canadian
Pacific
Kansas
City
Ltd.
(Ground
Transportation)
...............
$
357
8,782
Canadian
Tire
Corp.
Ltd.,
Class
A
(Broadline
Retail)
.............
1,181
3,259
CCL
Industries,
Inc.,
Class
B
(Containers
&
Packaging)(b)
................
204
2,442
Celestica,
Inc.
(Electronic
Equipment,
Instruments
&
Components)(a)
....
689
125,033
Cenovus
Energy,
Inc.
(Oil,
Gas
&
Consumable
Fuels)
.............
3,319
835
Constellation
Software,
Inc.
(Software)
..
1,466
11,192
Dollarama,
Inc.
(Broadline
Retail)
......
1,374
35,512
Emera,
Inc.
(Electric
Utilities)
.........
1,841
7,123
Enbridge,
Inc.
(Oil,
Gas
&
Consumable
Fuels)
......................
386
1,023
Fairfax
Financial
Holdings
Ltd.
(Insurance)
1,743
17,917
First
Quantum
Minerals
Ltd.
(Metals
&
Mining)(a)
...................
428
5,741
Fortis,
Inc.
(Electric
Utilities)
.........
320
7,691
Franco-Nevada
Corp.
(Metals
&
Mining)
.
1,905
24,142
GFL
Environmental,
Inc.
(Commercial
Services
&
Supplies)(a)
.........
1,007
64,358
Great-West
Lifeco,
Inc.
(Insurance)
.....
3,015
12,464
Hydro
One
Ltd.
(Electric
Utilities)(b)
....
515
5,430
Intact
Financial
Corp.
(Insurance)(b)
....
984
56,358
Keyera
Corp.
(Oil,
Gas
&
Consumable
Fuels)
......................
2,180
11,664
Kinross
Gold
Corp.
(Metals
&
Mining)
..
357
2,505
Lumine
Group,
Inc.
(Software)(a)
......
40
11,720
Lundin
Gold,
Inc.
(Metals
&
Mining)(b)
.
896
6,201
Magna
International,
Inc.
(Automobile
Components)
.................
346
8,370
Manulife
Financial
Corp.
(Insurance)
....
288
15,818
Methanex
Corp.
(Chemicals)
..........
943
18,402
National
Bank
of
Canada
(Banks)
......
2,382
3,339
Nutrien
Ltd.
(Chemicals)
............
252
1,796
Onex
Corp.
(Capital
Markets)
.........
131
7,732
Pembina
Pipeline
Corp.
(Oil,
Gas
&
Consumable
Fuels)
.............
346
66,482
Power
Corp.
of
Canada
(Insurance)
.....
3,201
6,978
Primaris
Real
Estate
Investment
Trust
(Retail
REITs)(a)
..............
87
31,754
RioCan
Real
Estate
Investment
Trust
(Retail
REITs)(b)
...................
434
13,991
Royal
Bank
of
Canada
(Banks)
........
2,262
52,851
Shopify,
Inc.,
Class
A
(IT
Services)(a)
...
6,271
52,951
Sun
Life
Financial,
Inc.
(Insurance)
.....
3,318
5,745
Suncor
Energy,
Inc.
(Oil,
Gas
&
Consumable
Fuels)
.............
380
18,439
Teck
Resources
Ltd.,
Class
B
(Metals
&
Mining)
.....................
956
7,299
TFI
International,
Inc.
(Ground
Transportation)
...............
795
10,660
The
Bank
of
Nova
Scotia
(Banks)
......
739
14,905
The
Toronto-Dominion
Bank
(Banks)
...
1,392
65
HC
CAPITAL
TRUST
The
International
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Canada
(continued)
22,457
Thomson
Reuters
Corp.
(Professional
Services)
....................
$
2,027
28,308
Wheaton
Precious
Metals
Corp.
(Metals
&
Mining)
.....................
3,716
74,979
Denmark
—
1.27%
552
A.P.
Moller
-
Maersk
A/S,
Class
B
(Marine
Transportation)
...............
1,379
2,246
DSV
A/S
(Air
Freight
&
Logistics)
.....
543
7,462
Genmab
A/S
(Biotechnology)(a)(b)
.....
2,010
127,453
Novo
Nordisk
A/S,
Class
B
(Pharmaceuticals)
.............
4,664
8,596
Finland
—
0.81%
4,385
Mandatum
Oyj
(Insurance)(b)
.........
35
145,888
Nokia
Oyj
(Communications
Equipment)
.
1,170
178,699
Nordea
Bank
Abp
(Banks)
...........
3,068
3,710
Orion
Oyj,
Class
B
(Pharmaceuticals)
...
300
21,925
Sampo
Oyj,
A
Shares
(Insurance)
......
233
30,332
Stora
Enso
Oyj,
Class
R
(Paper
&
Forest
Products)
....................
356
10,204
UPM-Kymmene
Oyj
(Paper
&
Forest
Products)
....................
319
5,481
France
—
8.22%
23,348
Air
Liquide
SA
(Chemicals)
..........
4,825
23,149
Airbus
SE
(Aerospace
&
Defense)
......
4,376
47,723
AXA
SA
(Insurance)
...............
2,193
44,044
BNP
Paribas
SA
(Banks)
.............
4,195
3,697
Cie
de
Saint-Gobain
SA
(Building
Products)
306
99,973
Credit
Agricole
SA
(Banks)
...........
1,866
1,749
Eiffage
SA
(Construction
&
Engineering)(b)
268
25,532
Engie
SA
(Multi-Utilities)
............
823
16,219
EssilorLuxottica
SA
(Health
Care
Equipment
&
Supplies)
.........
3,779
2,454
Hermes
International
SCA
(Textiles,
Apparel
&
Luxury
Goods)
..............
4,648
2,895
L'Oreal
SA
(Personal
Care
Products)
....
1,182
4,240
LVMH
Moet
Hennessy
Louis
Vuitton
SE
(Textiles,
Apparel
&
Luxury
Goods)
2,317
13,788
Pernod
Ricard
SA
(Beverages)
........
1,025
8,075
Publicis
Groupe
SA
(Media)
..........
668
15,885
Sanofi
SA
(Pharmaceuticals)
..........
1,534
34,976
Schneider
Electric
SE
(Electrical
Equipment)(b)
................
9,526
98,039
Societe
Generale
SA
(Banks)
.........
7,158
4,176
Thales
SA
(Aerospace
&
Defense)
......
1,224
23,129
TotalEnergies
SE
(Oil,
Gas
&
Consumable
Fuels)
......................
2,122
7,086
Unibail-Rodamco-Westfield
(Retail
REITs)
782
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
France
(continued)
22,865
Veolia
Environnement
SA
(Multi-Utilities)
$
871
55,688
Germany
—
7.37%
13,053
adidas
AG
(Textiles,
Apparel
&
Luxury
Goods)
.....................
2,112
10,077
Allianz
SE,
Registered
Shares
(Insurance)
4,255
1,793
Bayerische
Motoren
Werke
AG
(Automobiles)
................
166
33,975
Commerzbank
AG
(Banks)
...........
1,239
113,622
Deutsche
Bank
AG,
Registered
Shares
(Capital
Markets)
..............
3,381
21,575
Deutsche
Boerse
AG
(Capital
Markets)
..
6,319
60,277
Deutsche
Post
AG
(Air
Freight
&
Logistics)
3,177
128,506
Deutsche
Telekom
AG
(Diversified
Telecommunication
Services)(b)
...
4,796
4,918
Fraport
AG
Frankfurt
Airport
Services
Worldwide
(Transportation
Infrastructure)(a)
..............
428
6,983
GEA
Group
AG
(Machinery)
.........
501
1,115
Hannover
Rueck
SE
(Insurance)
.......
351
13,079
Henkel
AG
&
Co.
KGaA,
Preference
Shares
(Household
Products)
...........
1,010
82,230
Infineon
Technologies
AG
(Semiconductors
&
Semiconductor
Equipment)(b)
...
3,730
2,540
Muenchener
Rueckversicherungs-
Gesellschaft
AG
in
Muenchen,
Class
R
(Insurance)
..................
1,604
274
Rheinmetall
AG
(Aerospace
&
Defense)
.
462
36,196
SAP
SE
(Software)
.................
6,170
4,784
Sartorius
AG,
Preference
Shares
(Life
Sciences
Tools
&
Services)(b)
.....
1,197
28,228
Siemens
AG,
Registered
Shares
(Industrial
Conglomerates)
...............
6,876
10,988
Siemens
Energy
AG
(Electrical
Equipment)
(b)
........................
1,895
2,498
Symrise
AG,
Class
A
(Chemicals)(b)
....
213
49,882
Hong
Kong
—
1.55%
483,480
AIA
Group
Ltd.
(Insurance)
..........
5,373
75,055
BOC
Hong
Kong
Holdings
Ltd.
(Banks)
.
414
334,000
China
Common
Rich
Renewable
Energy
Investment
Ltd.
(Independent
Power
and
Renewable
Electricity
Producers)
(a)(c)
......................
—
106,000
CK
Asset
Holdings
Ltd.
(Real
Estate
Management
&
Development)
.....
607
89,500
CLP
Holdings
Ltd.
(Electric
Utilities)
...
843
414,317
Link
REIT
(Retail
REITs)
............
1,920
76,000
MTR
Corp.
Ltd.
(Ground
Transportation)
.
311
14,472
Pacific
Century
Premium
Developments
Ltd.
(Real
Estate
Management
&
Development)(a)
..............
—
66
HC
CAPITAL
TRUST
The
International
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Hong
Kong
(continued)
121,391
PCCW
Ltd.
(Diversified
Telecommunication
Services)(b)
..................
$
90
147,000
SITC
International
Holdings
Co.
Ltd.
(Marine
Transportation)
.........
644
24,000
Swire
Pacific
Ltd.,
Class
A
(Industrial
Conglomerates)
...............
262
10,464
Ireland
(Republic
of)
—
1.06%
8,728
AerCap
Holdings
N.V.
(Trading
Companies
&
Distributors)
...............
1,197
280,570
Bank
of
Ireland
Group
PLC
(Banks)
....
5,090
25,494
Experian
PLC
(Professional
Services)
...
882
7,169
Israel
—
0.95%
862
Cyberark
Software,
Ltd.
(Software)(a)
...
39
3,544
Elbit
Systems
Ltd.
(Aerospace
&
Defense)
2,990
15,573
Monday.com
Ltd.
(Software)(a)
........
1,076
76,384
Teva
Pharmaceutical
Industries
Ltd.,
ADR
(Pharmaceuticals)(a)
...........
2,301
6,406
Italy
—
1.76%
11,508
Buzzi
SpA
(Construction
Materials)
.....
582
213,337
Davide
Campari-Milano
N.V.,
Class
M
(Beverages)(b)
................
1,524
73,506
Enel
SpA
(Electric
Utilities)(b)
........
804
1,561
Ferrari
N.V.
(Automobiles)
...........
530
69,888
Generali
(Insurance)
................
2,810
157,139
Intesa
Sanpaolo
SpA
(Banks)(b)
.......
950
7,820
Iveco
Group
N.V.
(Machinery)
........
175
7,356
Moncler
SpA
(Textiles,
Apparel
&
Luxury
Goods)
.....................
443
9,459
Poste
Italiane
SpA
(Financial
Services)(b)
223
92,227
Snam
SpA
(Gas
Utilities)
............
699
182,090
Terna
-
Rete
Elettrica
Nazionale
(Electric
Utilities)
....................
2,082
15,668
UniCredit
SpA
(Banks)
..............
1,124
11,946
Japan
—
18.80%
9,600
Advantest
Corp.
(Semiconductors
&
Semiconductor
Equipment)(b)
.....
1,325
6,845
AGC,
Inc.
(Building
Products)
........
243
23,400
Aisin
Corp.
(Automobile
Components)
..
330
54,600
Ajinomoto
Co.,
Inc.
(Food
Products)
....
1,544
15,300
Amada
Co.
Ltd.
(Machinery)
.........
216
30,400
Bridgestone
Corp.
(Automobile
Components)
.................
634
38,300
Canon,
Inc.
(Technology
Hardware,
Storage
&
Peripherals)
................
1,063
8,600
Capcom
Co.
Ltd.
(Entertainment)
......
182
178,200
CyberAgent,
Inc.
(Media)
............
1,525
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Japan
(continued)
26,776
Dai
Nippon
Printing
Co.
Ltd.
(Commercial
Services
&
Supplies)
...........
$
488
163,600
Daiichi
Life
Group,
Inc.
(Insurance)
....
1,509
66,500
Daiichi
Sankyo
Co.
Ltd.
(Pharmaceuticals)
1,190
6,395
Daito
Trust
Construction
Co.
Ltd.
(Real
Estate
Management
&
Development)
150
15,550
Daiwa
House
Industry
Co.
Ltd.
(Real
Estate
Management
&
Development)
.....
488
16,700
Denso
Corp.
(Automobile
Components)
..
209
45,300
Eisai
Co.
Ltd.
(Pharmaceuticals)
.......
1,418
1,200
Fast
Retailing
Co.
Ltd.
(Specialty
Retail)
.
474
3,900
Fuji
Electric
Co.
Ltd.
(Electrical
Equipment)
273
25,200
FUJIFILM
Holdings
Corp.
(Technology
Hardware,
Storage
&
Peripherals)
..
480
27,000
Fujikura
Ltd.
(Electrical
Equipment)
....
743
109,000
Fujitsu
Ltd.
(IT
Services)(b)
..........
2,229
185,500
Hitachi
Ltd.
(Industrial
Conglomerates)
..
5,442
20,700
Hoya
Corp.
(Health
Care
Equipment
&
Supplies)
....................
3,589
36,500
Iida
Group
Holdings
Co.
Ltd.
(Household
Durables)
...................
562
39,100
Inpex
Corp.
(Oil,
Gas
&
Consumable
Fuels)
1,157
22,100
Isetan
Mitsukoshi
Holdings
Ltd.
(Broadline
Retail)
......................
407
21,000
Isuzu
Motors
Ltd.
(Automobiles)
.......
302
461,585
ITOCHU
Corp.
(Trading
Companies
&
Distributors)
.................
5,872
141,200
Japan
Exchange
Group,
Inc.
(Capital
Markets)
....................
1,649
24,900
Japan
Post
Insurance
Co.
Ltd.
(Insurance)(b)
251
35,900
JX
Advanced
Metals
Corp.
(Metals
&
Mining)
.....................
796
46,000
Kawasaki
Heavy
Industries
Ltd.
(Machinery)
.................
865
52,200
Kawasaki
Kisen
Kaisha
Ltd.
(Marine
Transportation)
...............
882
202,400
KDDI
Corp.
(Wireless
Telecommunication
Services)
....................
3,447
6,100
Keyence
Corp.
(Electronic
Equipment,
Instruments
&
Components)
......
2,171
6,345
Komatsu
Ltd.
(Machinery)
...........
253
11,600
Kyoto
Financial
Group,
Inc.
(Banks)
....
306
1,800
Lasertec
Corp.
(Semiconductors
&
Semiconductor
Equipment)
.......
401
27,600
M3,
Inc.
(Health
Care
Technology)
.....
283
63,300
Marubeni
Corp.
(Trading
Companies
&
Distributors)
.................
2,316
171,435
Mitsubishi
Corp.
(Trading
Companies
&
Distributors)
.................
5,882
34,200
Mitsubishi
Estate
Co.
Ltd.
(Real
Estate
Management
&
Development)
.....
949
97,000
Mitsubishi
Heavy
Industries
Ltd.
(Machinery)
.................
2,665
432,200
Mitsubishi
UFJ
Financial
Group,
Inc.
(Banks)
.....................
7,319
67
HC
CAPITAL
TRUST
The
International
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Japan
(continued)
263,576
Mitsui
&
Co.
Ltd.
(Trading
Companies
&
Distributors)
.................
$
10,188
108,300
Mitsui
Fudosan
Co.
Ltd.
(Real
Estate
Management
&
Development)
.....
1,155
25,000
Mitsui
OSK
Lines
Ltd.
(Marine
Transportation)
...............
1,039
10,600
Mizuho
Financial
Group,
Inc.
(Banks)
...
429
87,200
Murata
Manufacturing
Co.
Ltd.
(Electronic
Equipment,
Instruments
&
Components)
.................
1,957
73,500
NEC
Corp.
(IT
Services)
.............
1,829
19,200
Nikon
Corp.
(Household
Durables)
.....
234
5,400
Nintendo
Co.
Ltd.
(Entertainment)
......
308
6,300
Nippon
Sanso
Holdings
Corp.
(Chemicals)
223
154,000
Nippon
Steel
Corp.
(Metals
&
Mining)
..
568
17,800
Nomura
Research
Institute
Ltd.
(IT
Services)
....................
487
910,000
NTT,
Inc.
(Diversified
Telecommunication
Services)
....................
911
10,800
ORIX
Corp.
(Financial
Services)
.......
320
15,600
Otsuka
Holdings
Co.
Ltd.
(Pharmaceuticals)
1,107
63,500
Pan
Pacific
International
Holdings
Corp.
(Broadline
Retail)
.............
387
243,800
Rakuten
Group,
Inc.
(Broadline
Retail)(a)(b)
1,140
16,100
Ryohin
Keikaku
Co.
Ltd.
(Broadline
Retail)
344
30,600
SBI
Holdings,
Inc.
(Capital
Markets)
....
567
9,600
SCREEN
Holdings
Co.
Ltd.
(Semiconductors
&
Semiconductor
Equipment)
..................
572
35,552
Sekisui
House
Ltd.
(Household
Durables)
797
21,700
Seven
&
i
Holdings
Co.
Ltd.
(Consumer
Staples
Distribution
&
Retail)
.....
292
17,000
Shin-Etsu
Chemical
Co.
Ltd.
(Chemicals)
692
17,700
Shionogi
&
Co.
Ltd.
(Pharmaceuticals)
..
392
29,200
Shiseido
Co.
Ltd.
(Personal
Care
Products)
597
37,800
SoftBank
Group
Corp.
(Wireless
Telecommunication
Services)
.....
921
38,400
Sompo
Holdings,
Inc.
(Insurance)
......
1,495
89,300
Sony
Group
Corp.
(Household
Durables)
.
1,861
15,200
Subaru
Corp.
(Automobiles)
..........
245
35,700
Sumitomo
Electric
Industries
Ltd.
(Automobile
Components)
.......
2,029
42,444
Sumitomo
Mitsui
Financial
Group,
Inc.
(Banks)
.....................
1,396
9,600
Sumitomo
Realty
&
Development
Co.
Ltd.
(Real
Estate
Management
&
Development)
................
272
22,400
The
Chiba
Bank
Ltd.
(Banks)
.........
290
29,700
Tokio
Marine
Holdings,
Inc.
(Insurance)
.
1,394
26,400
Tokyo
Electron
Ltd.
(Semiconductors
&
Semiconductor
Equipment)
.......
6,560
53,100
Tokyo
Gas
Co.
Ltd.
(Gas
Utilities)
......
2,501
25,700
Tokyu
Fudosan
Holdings
Corp.
(Real
Estate
Management
&
Development)(b)
..
219
17,900
Toyota
Industries
Corp.
(Machinery)(a)
..
2,315
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Japan
(continued)
485,000
Toyota
Motor
Corp.
(Automobiles)(b)
...
$
10,082
20,310
Toyota
Tsusho
Corp.
(Trading
Companies
&
Distributors)
.................
787
58,300
Unicharm
Corp.
(Household
Products)
...
342
293,700
Yokohama
Financial
Group,
Inc.
(Banks)
.
2,622
15,200
Zensho
Holdings
Co.
Ltd.
(Hotels,
Restaurants
&
Leisure)
..........
888
17,100
ZOZO,
Inc.
(Specialty
Retail)(b)
.......
120
127,353
Luxembourg
—
0.63%
27,423
ArcelorMittal
SA
(Metals
&
Mining)
....
1,422
96,377
Tenaris
SA
(Energy
Equipment
&
Services)
2,817
4,239
Netherlands
—
4.01%
57,506
ABN
AMRO
Bank
N.V.,
Class
CV
(Banks)
1,823
73,595
Aegon
Ltd.
(Insurance)
..............
538
22,207
Akzo
Nobel
N.V.
(Chemicals)
.........
1,276
1,819
Argenx
SE
(Biotechnology)(a)
........
1,320
10,915
ASML
Holding
N.V.
(Semiconductors
&
Semiconductor
Equipment)(b)
.....
14,513
4,144
EXOR
N.V.
(Financial
Services)
.......
317
17,315
ING
Groep
N.V.
(Banks)
.............
449
52,086
Koninklijke
Ahold
Delhaize
N.V.
(Consumer
Staples
Distribution
&
Retail)
.....
2,425
3,089
Nebius
Group
N.V.,
Class
A
(Software)(a)
321
24,262
Prosus
N.V.
(Broadline
Retail)(a)(b)
....
1,123
11,417
QIAGEN
N.V.
(Life
Sciences
Tools
&
Services)
....................
462
206,567
Stellantis
N.V.
(Automobiles)
.........
1,493
11,119
The
Magnum
Ice
Cream
Co.
N.V.
(Food
Products)(a)
..................
163
1,552
Topicus.com,
Inc.
(Software)(a)
........
103
11,488
Wolters
Kluwer
N.V.
(Professional
Services)
858
27,184
New
Zealand
—
0.09%
67,210
Auckland
International
Airport
Ltd.
(Transportation
Infrastructure)
.....
308
6,147
Xero
Ltd.
(Software)(a)
.............
324
632
Norway
—
0.84%
11,596
DNB
Bank
ASA
(Banks)
............
363
96,198
Equinor
ASA
(Oil,
Gas
&
Consumable
Fuels)
......................
4,101
21,419
Salmar
ASA
(Food
Products)
.........
1,251
5,715
Poland
—
0.10%
37,399
InPost
SA
(Air
Freight
&
Logistics)(a)
...
662
68
HC
CAPITAL
TRUST
The
International
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Singapore
—
1.16%
532,772
CapitaLand
Ascendas
REIT
(Industrial
REITs)(b)
...................
$
1,028
179,628
CapitaLand
Integrated
Commercial
Trust
(Diversified
REITs)
............
322
130,600
CapitaLand
Investment
Ltd.
(Real
Estate
Management
&
Development)
.....
278
63,580
DBS
Group
Holdings
Ltd.
(Banks)
.....
2,831
14,500
Oversea-Chinese
Banking
Corp.
Ltd.
(Banks)
.....................
248
3,804
Sea
Ltd.,
ADR
(Broadline
Retail)(a)
....
315
209,400
Sembcorp
Industries
Ltd.
(Multi-Utilities)
1,088
58,700
Singapore
Airlines
Ltd.
(Passenger
Airlines)
(b)
........................
303
18,700
Singapore
Exchange
Ltd.
(Capital
Markets)
285
6,600
United
Overseas
Bank
Ltd.
(Banks)
.....
189
320,900
Wilmar
International
Ltd.
(Food
Products)
964
7,851
South
Africa
—
0.04%
4,663
Thungela
Resources
Ltd.
(Oil,
Gas
&
Consumable
Fuels)(a)
...........
46
2,524
Valterra
Platinum
Ltd.
(Metals
&
Mining)
207
253
Spain
—
3.41%
1,698
Acciona
SA
(Electric
Utilities)
........
446
4,787
ACS
Actividades
de
Construccion
y
Servicios
SA
(Construction
&
Engineering)
.................
584
14,510
Aena
SME
SA
(Transportation
Infrastructure)(b)
..............
428
620,640
Banco
Bilbao
Vizcaya
Argentaria
SA
(Banks)
.....................
13,404
44,082
Banco
Santander
SA
(Banks)(b)
.......
494
28,433
Bankinter
SA
(Banks)
...............
450
62,673
CaixaBank
SA
(Banks)
..............
751
264,265
Iberdrola
SA
(Electric
Utilities)
........
6,049
17,963
Repsol
SA
(Oil,
Gas
&
Consumable
Fuels)
506
23,112
Sweden
—
2.48%
1,283
Alleima
AB
(Metals
&
Mining)
........
10
10,590
Assa
Abloy
AB,
Class
B
(Building
Products)
383
90,968
Atlas
Copco
AB,
Class
A
(Machinery)
...
1,606
59,272
Atlas
Copco
AB,
Class
B
(Machinery)
...
927
51,812
Essity
AB,
Class
B
(Household
Products)
.
1,336
37,773
Hexagon
AB,
Class
B
(Electronic
Equipment,
Instruments
&
Components)
.................
368
11,977
Securitas
AB,
Class
B
(Commercial
Services
&
Supplies)
..................
201
51,934
Skandinaviska
Enskilda
Banken
AB,
Class
A
(Banks)
.....................
960
718
Spotify
Technology
SA
(Entertainment)(a)
348
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Sweden
(continued)
32,522
Swedbank
AB,
Class
A
(Banks)
........
$
1,109
152,471
Tele2
AB,
B
shares
(Wireless
Telecommunication
Services)
.....
3,157
492,259
Telia
Co.
AB
(Diversified
Telecommunication
Services)(b)
...
2,523
117,701
Volvo
AB,
Class
B
(Machinery)
........
3,873
16,801
Switzerland
—
8.43%
135,931
ABB
Ltd.,
Registered
Shares
(Electrical
Equipment)
..................
11,056
6,796
Accelleron
Industries
AG
(Electrical
Equipment)
..................
614
1,044
Barry
Callebaut
AG,
Registered
Shares
(Food
Products)(b)
.............
1,836
19,821
Cie
Financiere
Richemont
SA,
Registered
Shares
(Textiles,
Apparel
&
Luxury
Goods)
.....................
3,501
13,970
Coca-Cola
HBC
AG
(Beverages)(a)
.....
787
387,007
Glencore
PLC
(Metals
&
Mining)(a)(b)
..
2,931
1,769
Helvetia
Baloise
Holding
AG,
Registered
Shares
(Insurance)
.............
458
4,277
Lonza
Group
AG,
Registered
Shares
(Life
Sciences
Tools
&
Services)(b)
.....
2,744
8,432
Medacta
Group
SA
(Health
Care
Equipment
&
Supplies)(
d
)
................
1,594
52,513
Nestle
SA,
Registered
Shares
(Food
Products)
....................
5,152
63,879
Novartis
AG,
Registered
Shares
(Pharmaceuticals)
.............
9,808
12,159
Roche
Holding
AG
(Pharmaceuticals)
...
4,854
13,543
Sandoz
Group
AG
(Pharmaceuticals)
....
1,061
1,212
Swisscom
AG,
Registered
Shares
(Diversified
Telecommunication
Services)
....................
1,017
191,523
UBS
Group
AG
(Capital
Markets)
......
7,470
3,139
Zurich
Insurance
Group
AG
(Insurance)(b)
2,219
57,102
United
Kingdom
—
11.69%
38,163
3i
Group
PLC
(Capital
Markets)
.......
1,244
5,633
Admiral
Group
PLC
(Insurance)
.......
236
21,731
Anglo
American
PLC
(Metals
&
Mining)
.
933
53,176
AstraZeneca
PLC
(Pharmaceuticals)(b)
..
10,396
153,808
Aviva
PLC
(Insurance)
..............
1,234
121,738
BAE
Systems
PLC
(Aerospace
&
Defense)
3,569
70,581
Barclays
PLC
(Banks)(b)
............
369
54,861
BP
PLC
(Oil,
Gas
&
Consumable
Fuels)
.
429
51,346
British
American
Tobacco
PLC
(Tobacco)
2,981
12,788
Bunzl
PLC
(Trading
Companies
&
Distributors)
.................
385
18,966
Coca-Cola
Europacific
Partners
PLC
(Beverages)
..................
1,720
68,973
Compass
Group
PLC
(Hotels,
Restaurants
&
Leisure)
....................
1,924
69
HC
CAPITAL
TRUST
The
International
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
Kingdom
(continued)
53,540
GSK
PLC
(Pharmaceuticals)
..........
$
1,475
201,267
Haleon
PLC
(Pharmaceuticals)
........
996
223,327
HSBC
Holdings
PLC
(Banks)
.........
3,667
90,451
Imperial
Brands
PLC
(Tobacco)
.......
3,667
242,896
Informa
PLC
(Media)
...............
2,439
6,566
InterContinental
Hotels
Group
PLC
(Hotels,
Restaurants
&
Leisure)
..........
866
480,645
J
Sainsbury
PLC
(Consumer
Staples
Distribution
&
Retail)
...........
2,156
114,719
Kingfisher
PLC
(Specialty
Retail)
......
436
134,325
Legal
&
General
Group
PLC
(Insurance)
.
441
114,631
National
Grid
PLC
(Multi-Utilities)
.....
1,935
4,989
Next
PLC
(Broadline
Retail)
..........
843
16,942
Pearson
PLC
(Diversified
Consumer
Services)
....................
223
9,425
Reckitt
Benckiser
Group
PLC
(Household
Products)
....................
634
56,944
RELX
PLC
(Professional
Services)
.....
1,865
66,751
Rio
Tinto
PLC
(Metals
&
Mining)
......
6,192
122,345
Rolls-Royce
Holdings
PLC
(Aerospace
&
Defense)
....................
1,858
7,432
Severn
Trent
PLC
(Water
Utilities)(b)
...
305
290,341
Shell
PLC
(Oil,
Gas
&
Consumable
Fuels)
13,445
100,164
Smith
&
Nephew
PLC
(Health
Care
Equipment
&
Supplies)
.........
1,587
12,142
Smiths
Group
PLC
(Industrial
Conglomerates)
...............
370
44,660
SSE
PLC
(Electric
Utilities)(b)
........
1,544
85,307
St.
James's
Place
PLC
(Capital
Markets)
.
1,346
33,934
The
Sage
Group
PLC
(Software)
.......
380
18,373
The
Weir
Group
PLC
(Machinery)(b)
....
689
49,420
Unilever
PLC
(Personal
Care
Products)
..
2,713
10,568
United
Utilities
Group
PLC
(Water
Utilities)
184
147,055
Verisure
PLC
(Commercial
Services
&
Supplies)(a)
..................
1,526
79,202
United
States
—
0.82%
7,239
Linde
PLC
(Chemicals)
.............
3,604
1,896
Palo
Alto
Networks,
Inc.
(Software)(a)
...
304
4,162
RB
Global,
Inc.
(Commercial
Services
&
Supplies)
....................
399
1,726
Restaurant
Brands
International,
Inc.
(Hotels,
Restaurants
&
Leisure)
....
128
17,119
Sunbelt
Rentals
Holdings,
Inc.
(Trading
Companies
&
Distributors)
.......
1,092
5,527
Total
Common
Stocks
(cost
$255,256
)
..
629,670
Shares
Security
Description
Value
(000)
Warrant
—
0.00%
Canada
—
0.00%
835
Constellation
Software,
Inc.,
3/31/40
(Software)(a)(c)
...............
$
—
Total
Warrant
(cost
$—
)
............
—
Investment
Companies
—
6.05%
International
Equity
Funds
—
5.29%
197,515
iShares
Core
MSCI
EAFE
ETF
........
17,881
279,754
Vanguard
FTSE
Developed
Markets
ETF
.
17,926
35,807
Money
Market
Funds
—
0.76%
5,147,455
State
Street
Institutional
Treasury
Plus
Money
Market
Fund,
Trust
Class
,
3.55%(
e
)
....................
5,148
Total
Investment
Companies
(cost
$29,588
)
........................
40,955
Total
Investments
(cost
$284,844
)
—
99.02%
.....................
670,625
Other
assets
in
excess
of
liabilities
—
0.98%
......................
6,605
Net
Assets
-
100.00%
..............
$
677,230
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,
2026.
(d)
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
illiquid
by
the
Specialist
Manager.
(e)
Annualized
7-day
yield
as
of
period-end.
ADR—American
Depositary
Receipt
ETF
—
Exchange-Traded
Fund
PLC
—
Public
Limited
Company
REIT—Real
Estate
Investment
Trust
70
HC
CAPITAL
TRUST
The
International
Equity
Portfolio
Portfolio
of
Investments
(concluded)
—
March
31,
2026
(Unaudited)
As
of
March
31,
2026,
100%
of
the
Portfolio’s
net
assets
were
managed
by
Parametric
Portfolio
Associated,
LLC.
The
following
table
reflects
the
open
derivative
positions
held
by
the
Portfolio
as
of
March
31,
2026
.
Futures
Contracts
Purchased
*
Description
Number
of
Contracts
Expiration
Date
Notional
Amount
(000)
Value
and
Unrealized
Appreciation/
(Depreciation)
(000)
Mini
MSCI
EAFE
Index
Future
...................
33
6/18/26
$
4,787
$
3
$
4,787
$
3
Total
Unrealized
Appreciation
.....................
$
3
Total
Unrealized
Depreciation
.....................
—
Total
Net
Unrealized
Appreciation/(Depreciation)
.......
$
3
*
Cash
has
been
pledged
as
collateral
for
futures
contracts
held
by
the
Portfolio.
HC
CAPITAL
TRUST
The
Institutional
International
Equity
Portfolio
Portfolio
of
Investments
—
March
31,
2026
(Unaudited)
71
Shares
Security
Description
Value
(000)
Common
Stocks
—
44.67%
Australia
—
1.86%
40,282
ANZ
Group
Holdings
Ltd.
(Banks)
.....
$
1,013
65,938
APA
Group
(Gas
Utilities)
...........
454
7,386
Aristocrat
Leisure
Ltd.
(Hotels,
Restaurants
&
Leisure)
...................
235
9,733
ASX
Ltd.
(Capital
Markets)
..........
353
67,705
BHP
Group
Ltd.
(Metals
&
Mining)
.....
2,448
26,856
Brambles
Ltd.
(Commercial
Services
&
Supplies)
....................
421
5,297
CAR
Group
Ltd.
(Interactive
Media
&
Services)
....................
85
1,788
Cochlear
Ltd.
(Health
Care
Equipment
&
Supplies)
....................
211
40,121
Coles
Group
Ltd.
(Consumer
Staples
Distribution
&
Retail)
...........
609
22,350
Commonwealth
Bank
of
Australia
(Banks)
2,616
9,141
Computershare
Ltd.
(Professional
Services)
180
7,361
CSL
Ltd.
(Biotechnology)
............
723
26,611
Evolution
Mining
Ltd.
(Metals
&
Mining)
240
22,889
Fortescue
Ltd.
(Metals
&
Mining)
......
327
27,140
Goodman
Group
(Industrial
REITs)
.....
487
64,781
Insurance
Australia
Group
Ltd.
(Insurance)
328
22,660
Lynas
Rare
Earths
Ltd.
(Metals
&
Mining)
(a)
........................
308
4,825
Macquarie
Group
Ltd.
(Capital
Markets)
.
685
121,142
Medibank
Pvt
Ltd.
(Insurance)
........
366
40,932
National
Australia
Bank
Ltd.
(Banks)
....
1,184
28,606
Northern
Star
Resources
Ltd.
(Metals
&
Mining)(b)
..................
416
61,869
Origin
Energy
Ltd.
(Electric
Utilities)
...
533
758
Pro
Medicus
Ltd.
(Health
Care
Technology)
62
10,656
Qantas
Airways
Ltd.
(Passenger
Airlines)
.
63
25,692
QBE
Insurance
Group
Ltd.
(Insurance)
..
379
688
REA
Group
Ltd.
(Interactive
Media
&
Services)
....................
75
4,920
Rio
Tinto
Ltd.
(Metals
&
Mining)
......
559
42,764
Santos
Ltd.
(Oil,
Gas
&
Consumable
Fuels)
(b)
........................
234
70,502
Scentre
Group
(Retail
REITs)
.........
163
2,657
SGH
Ltd.
(Trading
Companies
&
Distributors)
.................
76
164,881
Sigma
Healthcare
Ltd.
(Health
Care
Providers
&
Services)
...........
304
18,022
Sonic
Healthcare
Ltd.
(Health
Care
Providers
&
Services)
...........
257
59,262
South32
Ltd.
(Metals
&
Mining)
.......
179
33,267
Stockland
(Diversified
REITs)
.........
100
20,028
Suncorp
Group
Ltd.
(Insurance)
.......
225
156,278
Telstra
Group
Ltd.
(Diversified
Telecommunication
Services)
.....
576
96,428
The
Lottery
Corp.
Ltd.
(Hotels,
Restaurants
&
Leisure)
...................
360
64,991
Transurban
Group
(Transportation
Infrastructure)
................
634
51,136
Vicinity
Ltd.
(Retail
REITs)(b)
........
83
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Australia
(continued)
4,513
Washington
H
Soul
Pattinson
&
Co.
Ltd.
(Financial
Services)
............
$
127
15,235
Wesfarmers
Ltd.
(Broadline
Retail)
.....
778
45,727
Westpac
Banking
Corp.
(Banks)
.......
1,262
2,630
WiseTech
Global
Ltd.
(Software)
.......
71
25,350
Woodside
Energy
Group
Ltd.
(Oil,
Gas
&
Consumable
Fuels)
.............
602
29,147
Woolworths
Group
Ltd.
(Consumer
Staples
Distribution
&
Retail)
...........
735
22,126
Austria
—
0.08%
1,101
BAWAG
Group
AG
(Banks)(a)(b)
......
167
4,059
Erste
Group
Bank
AG
(Banks)(b)
......
439
1,928
OMV
AG
(Oil,
Gas
&
Consumable
Fuels)
141
1,676
Raiffeisen
Bank
International
AG
(Banks)(a)
(b)
........................
72
972
Verbund
AG
(Electric
Utilities)
........
74
893
Belgium
—
0.26%
3,986
Ageas
SA/N.V.
(Insurance)(b)
.........
294
13,142
Anheuser-Busch
InBev
SA/N.V.
(Beverages)
..................
910
569
D'ieteren
Group
(Distributors)
.........
105
2,022
Elia
Group
SA/N.V.,
Class
B
(Electric
Utilities)(a)(b)
................
310
260
Financiere
de
Tubize
SA
(Pharmaceuticals)
64
2,069
Groupe
Bruxelles
Lambert
N.V.
(Financial
Services)
....................
188
3,024
KBC
Group
N.V.
(Banks)
............
370
20
Lotus
Bakeries
N.V.
(Food
Products)(b)
..
225
221
Sofina
SA
(Financial
Services)
........
54
955
Syensqo
SA
(Chemicals)
.............
56
1,696
UCB
SA
(Pharmaceuticals)
...........
511
3,087
Canada
—
1.77%
10,702
Agnico
Eagle
Mines
Ltd.
(Metals
&
Mining)
2,173
2,420
Alimentation
Couche-Tard,
Inc.
(Consumer
Staples
Distribution
&
Retail)
.....
137
7,932
AltaGas
Ltd.
(Gas
Utilities)
...........
275
48,843
Barrick
Mining
Corp.
(Metals
&
Mining)
.
1,996
15,764
BCE,
Inc.
(Diversified
Telecommunication
Services)
....................
398
47,651
Brookfield
Corp.
(Capital
Markets)
.....
1,931
403
Canadian
Imperial
Bank
of
Commerce
(Banks)
.....................
38
27,163
Canadian
Pacific
Kansas
City
Ltd.
(Ground
Transportation)
...............
2,138
1,548
Canadian
Tire
Corp.
Ltd.,
Class
A
(Broadline
Retail)
.............
208
9,407
Canadian
Utilities
Ltd.,
Class
A
(Multi-
Utilities)
....................
330
72
HC
CAPITAL
TRUST
The
Institutional
International
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Canada
(continued)
1,384
CCL
Industries,
Inc.,
Class
B
(Containers
&
Packaging)(b)
................
$
87
7,941
Celestica,
Inc.
(Electronic
Equipment,
Instruments
&
Components)(a)
....
2,240
1,756
CGI,
Inc.
(IT
Services)
..............
128
2,050
Dollarama,
Inc.
(Broadline
Retail)
......
252
2,034
Element
Fleet
Management
Corp.
(Commercial
Services
&
Supplies)(b)
44
7,618
Emera,
Inc.
(Electric
Utilities)
.........
395
9,790
Empire
Co.
Ltd.,
Class
A
(Consumer
Staples
Distribution
&
Retail)
...........
351
4,407
Enbridge,
Inc.
(Oil,
Gas
&
Consumable
Fuels)
......................
239
97
Fairfax
Financial
Holdings
Ltd.
(Insurance)
165
703
FirstService
Corp.,
Class
WI
(Real
Estate
Management
&
Development)
.....
98
6,738
Fortis,
Inc.
(Electric
Utilities)
.........
376
3,714
George
Weston
Ltd.
(Consumer
Staples
Distribution
&
Retail)
...........
262
4,550
GFL
Environmental,
Inc.
(Commercial
Services
&
Supplies)
...........
190
7,454
Great-West
Lifeco,
Inc.
(Insurance)
.....
349
8,906
Hydro
One
Ltd.
(Electric
Utilities)(b)
....
368
1,282
Intact
Financial
Corp.
(Insurance)(b)
....
232
4,727
Keyera
Corp.
(Oil,
Gas
&
Consumable
Fuels)
......................
183
6,681
Loblaw
Cos.
Ltd.
(Consumer
Staples
Distribution
&
Retail)
...........
305
4,518
Metro,
Inc.,
Class
A
(Consumer
Staples
Distribution
&
Retail)
...........
309
547
National
Bank
of
Canada
(Banks)
......
71
3,160
Pembina
Pipeline
Corp.
(Oil,
Gas
&
Consumable
Fuels)
.............
141
6,183
Power
Corp.
of
Canada
(Insurance)
.....
298
8,001
Rogers
Communications,
Inc.,
Class
B
(Wireless
Telecommunication
Services)
....................
308
7,004
Saputo,
Inc.
(Food
Products)(b)
........
219
20,038
Shopify,
Inc.,
Class
A
(IT
Services)(a)
...
2,377
1,162
Sun
Life
Financial,
Inc.
(Insurance)
.....
73
2,530
TC
Energy
Corp.
(Oil,
Gas
&
Consumable
Fuels)
......................
158
26,912
TELUS
Corp.
(Diversified
Telecommunication
Services)
.....
346
1,291
The
Bank
of
Nova
Scotia
(Banks)
......
90
617
The
Toronto-Dominion
Bank
(Banks)
...
58
2,845
Thomson
Reuters
Corp.
(Professional
Services)
....................
257
8,297
TMX
Group
Ltd.
(Capital
Markets)
.....
294
784
Toromont
Industries
Ltd.
(Trading
Companies
&
Distributors)
.......
110
20,997
Chile
—
0.02%
5,388
Antofagasta
PLC
(Metals
&
Mining)
....
242
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
China
—
0.01%
36,400
Yangzijiang
Shipbuilding
Holdings
Ltd.
(Machinery)
.................
$
108
Czech
Republic
—
0.01%
2,574
CSG
NV
(Aerospace
&
Defense)(a)
.....
69
Denmark
—
1.01%
40
A.P.
Moller
-
Maersk
A/S,
Class
A
(Marine
Transportation)
...............
98
54
A.P.
Moller
-
Maersk
A/S,
Class
B
(Marine
Transportation)^
...............
135
2,851
Carlsberg
A/S,
Class
B
(Beverages)
.....
354
4,442
Coloplast
A/S,
Class
B
(Health
Care
Equipment
&
Supplies)
.........
303
8,837
Danske
Bank
A/S
(Banks)
............
436
1,434
Demant
A/S
(Health
Care
Equipment
&
Supplies)^(a)
.................
43
2,694
DSV
A/S
(Air
Freight
&
Logistics)
.....
651
804
Genmab
A/S
(Biotechnology)(a)(b)
.....
217
131,750
Novo
Nordisk
A/S,
ADR
(Pharmaceuticals)
4,842
89,202
Novo
Nordisk
A/S,
Class
B
(Pharmaceuticals)
.............
3,264
7,282
Novonesis
Novozymes
B
(Chemicals)
...
433
10,161
Orsted
A/S
(Independent
Power
and
Renewable
Electricity
Producers)(a)(b)
252
1,041
Pandora
A/S
(Textiles,
Apparel
&
Luxury
Goods)
.....................
74
4,504
ROCKWOOL
A/S,
Class
B
(Building
Products)
....................
125
16,790
Tryg
A/S
(Insurance)(b)
.............
400
13,328
Vestas
Wind
Systems
A/S
(Electrical
Equipment)
..................
402
12,029
Finland
—
0.52%
5,930
Elisa
Oyj
(Diversified
Telecommunication
Services)
....................
289
5,923
Fortum
Oyj
(Electric
Utilities)^
........
151
10,641
Kesko
Oyj,
Class
B
(Consumer
Staples
Distribution
&
Retail)
...........
236
5,395
Kone
Oyj,
Class
B
(Machinery)
........
344
8,735
Metso
Oyj
(Machinery)(b)
...........
151
5,571
Neste
Oyj
(Oil,
Gas
&
Consumable
Fuels)
181
70,767
Nokia
Oyj
(Communications
Equipment)
.
568
41,230
Nordea
Bank
Abp
(Banks)
...........
710
2,700
Orion
Oyj,
Class
B
(Pharmaceuticals)
...
218
259,515
Sampo
Oyj,
A
Shares
(Insurance)
......
2,760
7,635
Stora
Enso
Oyj,
Class
R
(Paper
&
Forest
Products)^
...................
90
6,919
UPM-Kymmene
Oyj
(Paper
&
Forest
Products)
....................
217
6,634
Wartsila
Oyj
Abp
(Machinery)
.........
247
6,162
73
HC
CAPITAL
TRUST
The
Institutional
International
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
France
—
5.50%
2,562
Accor
SA
(Hotels,
Restaurants
&
Leisure)
$
123
811
Aeroports
de
Paris
SA
(Transportation
Infrastructure)
................
99
7,732
Air
Liquide
SA
(Chemicals)
..........
1,598
7,911
Airbus
SE
(Aerospace
&
Defense)
......
1,496
4,565
Alstom
SA
(Machinery)(a)
...........
131
889
Amundi
SA
(Capital
Markets)(b)
.......
76
22,511
AXA
SA
(Insurance)
...............
1,034
4,535
Ayvens
SA
(Ground
Transportation)(b)
..
53
3,544
BioMerieux
(Health
Care
Equipment
&
Supplies)
....................
379
13,442
BNP
Paribas
SA
(Banks)
.............
1,280
59,702
Bollore
SE
(Oil,
Gas
&
Consumable
Fuels)
341
5,606
Bouygues
SA
(Construction
&
Engineering)
325
10,349
Bureau
Veritas
SA
(Professional
Services)
310
2,032
Capgemini
SE
(IT
Services)
..........
240
30,643
Carrefour
SA
(Consumer
Staples
Distribution
&
Retail)(b)
........
568
27,450
Cie
de
Saint-Gobain
SA
(Building
Products)
2,273
11,392
Cie
Generale
des
Etablissements
Michelin
SCA
(Automobile
Components)
...
390
2,775
Covivio
SA
(Diversified
REITs)
.......
166
17,541
Credit
Agricole
SA
(Banks)
...........
327
13,931
Danone
SA
(Food
Products)
..........
1,113
987
Dassault
Aviation
SA
(Aerospace
&
Defense)(b)
..................
367
123,741
Dassault
Systemes
SE
(Software)
......
2,504
4,061
Edenred
SE
(Financial
Services)
.......
81
904
Eiffage
SA
(Construction
&
Engineering)(b)
139
38,228
Engie
SA
(Multi-Utilities)
............
1,232
11,917
EssilorLuxottica
SA
(Health
Care
Equipment
&
Supplies)
.........
2,776
11,438
FDJ
UNITED
(Hotels,
Restaurants
&
Leisure)^
....................
337
2,884
Gecina
SA
(Office
REITs)(b)
..........
227
21,392
Getlink
SE
(Transportation
Infrastructure)
461
423
Hermes
International
SCA
(Textiles,
Apparel
&
Luxury
Goods)
..............
801
33,932
Hermes
International
SCA,
ADR
(Textiles,
Apparel
&
Luxury
Goods)
.......
6,438
1,799
Ipsen
SA
(Pharmaceuticals)
...........
336
981
Kering
SA
(Textiles,
Apparel
&
Luxury
Goods)
.....................
298
11,404
Klepierre
SA
(Retail
REITs)
..........
428
16,454
Legrand
SA
(Electrical
Equipment)
.....
2,556
8,130
L'Oreal
SA
(Personal
Care
Products)
....
3,319
64,800
LVMH
Moet
Hennessy
Louis
Vuitton
SE,
ADR
(Textiles,
Apparel
&
Luxury
Goods)
.....................
7,080
6,962
LVMH
Moet
Hennessy
Louis
Vuitton
SE
(Textiles,
Apparel
&
Luxury
Goods)
3,805
47,669
Orange
SA
(Diversified
Telecommunication
Services)(b)
..................
977
2,650
Pernod
Ricard
SA
(Beverages)
........
197
3,001
Publicis
Groupe
SA
(Media)
..........
248
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
France
(continued)
2,524
Renault
SA
(Automobiles)
...........
$
87
2,932
Rexel
SA
(Trading
Companies
&
Distributors)
.................
116
4,739
Safran
SA
(Aerospace
&
Defense)
......
1,551
41,682
Sanofi
SA
(Pharmaceuticals)
..........
4,024
384
Sartorius
Stedim
Biotech
(Life
Sciences
Tools
&
Services)
..............
75
14,855
Schneider
Electric
SE
(Electrical
Equipment)(b)
................
4,045
9,182
Societe
Generale
SA
(Banks)
.........
670
8,282
Sodexo
SA
(Hotels,
Restaurants
&
Leisure)
425
2,100
Thales
SA
(Aerospace
&
Defense)
......
615
57,818
TotalEnergies
SE
(Oil,
Gas
&
Consumable
Fuels)
......................
5,307
1,598
Unibail-Rodamco-Westfield
(Retail
REITs)
176
8,488
Veolia
Environnement
SA
(Multi-Utilities)
323
6,634
Vinci
SA
(Construction
&
Engineering)
..
996
65,339
Germany
—
3.33%
2,297
adidas
AG
(Textiles,
Apparel
&
Luxury
Goods)
.....................
372
5,083
Allianz
SE,
Registered
Shares
(Insurance)
2,147
11,905
BASF
SE
(Chemicals)
..............
733
13,100
Bayer
AG,
Registered
Shares
(Pharmaceuticals)
.............
606
3,753
Bayerische
Motoren
Werke
AG
(Automobiles)
................
347
773
Bayerische
Motoren
Werke
AG,
Preference
Shares
(Automobiles)
...........
71
4,550
Beiersdorf
AG
(Personal
Care
Products)
..
409
3,003
Brenntag
SE
(Trading
Companies
&
Distributors)
.................
203
9,840
Commerzbank
AG
(Banks)
...........
359
1,450
Continental
AG
(Automobile
Components)
101
2,492
CTS
Eventim
AG
&
Co.
KGaA
(Entertainment)(b)
.............
146
6,241
Daimler
Truck
Holding
AG
(Machinery)
.
307
2,889
Delivery
Hero
SE,
Class
A
(Hotels,
Restaurants
&
Leisure)(a)(b)
......
54
24,399
Deutsche
Bank
AG,
Registered
Shares
(Capital
Markets)
..............
726
3,780
Deutsche
Boerse
AG
(Capital
Markets)
..
1,107
7,721
Deutsche
Lufthansa
AG,
Registered
Shares
(Passenger
Airlines)(b)
..........
66
12,391
Deutsche
Post
AG
(Air
Freight
&
Logistics)
653
59,088
Deutsche
Telekom
AG
(Diversified
Telecommunication
Services)(b)
...
2,205
2,724
Dr.
Ing.
h.c.
F.
Porsche
AG,
Preference
Shares
(Automobiles)^
..........
125
50,340
E.ON
SE
(Multi-Utilities)
............
1,102
3,179
Evonik
Industries
AG
(Chemicals)
......
62
6,998
Fresenius
Medical
Care
AG
(Health
Care
Providers
&
Services)
...........
317
74
HC
CAPITAL
TRUST
The
Institutional
International
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Germany
(continued)
9,124
Fresenius
SE
&
Co.
KGaA
(Health
Care
Providers
&
Services)
...........
$
474
4,304
GEA
Group
AG
(Machinery)
.........
309
1,748
Hannover
Rueck
SE
(Insurance)
.......
549
1,765
Heidelberg
Materials
AG
(Construction
Materials)(b)
.................
372
1,357
Henkel
AG
&
Co.
KGaA
(Household
Products)
....................
97
6,535
Henkel
AG
&
Co.
KGaA,
Preference
Shares
(Household
Products)
...........
505
837
Hensoldt
AG
(Aerospace
&
Defense)
....
74
203
HOCHTIEF
AG
(Construction
&
Engineering)
.................
92
60,535
Infineon
Technologies
AG
(Semiconductors
&
Semiconductor
Equipment)(b)
...
2,746
952
Knorr-Bremse
AG
(Machinery)
........
109
4,634
LEG
Immobilien
SE
(Real
Estate
Management
&
Development)
.....
302
9,623
Mercedes-Benz
Group
AG
(Automobiles)
591
3,320
Merck
KGaA
(Pharmaceuticals)
.......
421
709
MTU
Aero
Engines
AG
(Aerospace
&
Defense)
....................
259
1,968
Muenchener
Rueckversicherungs-
Gesellschaft
AG
in
Muenchen,
Class
R
(Insurance)
..................
1,243
737
Nemetschek
SE
(Software)
...........
55
3,855
Porsche
Automobil
Holding
SE,
Preference
Shares
(Automobiles)
...........
141
197
Rational
AG
(Machinery)
............
144
1,808
Rheinmetall
AG
(Aerospace
&
Defense)
.
3,049
14,017
RWE
AG
(Independent
Power
and
Renewable
Electricity
Producers)
..
943
25,304
SAP
SE
(Software)
.................
4,315
344
Sartorius
AG,
Preference
Shares
(Life
Sciences
Tools
&
Services)(b)
.....
86
4,183
Scout24
SE
(Interactive
Media
&
Services)
(b)
........................
323
18,270
Siemens
AG,
Registered
Shares
(Industrial
Conglomerates)
...............
4,451
22,260
Siemens
Energy
AG
(Electrical
Equipment)
(b)
........................
3,839
7,884
Siemens
Healthineers
AG
(Health
Care
Equipment
&
Supplies)(b)
.......
337
5,794
Symrise
AG,
Class
A
(Chemicals)(b)
....
495
1,196
Talanx
AG
(Insurance)
..............
148
2,711
Volkswagen
AG,
Preference
Shares
(Automobiles)
................
277
19,533
Vonovia
SE
(Real
Estate
Management
&
Development)
................
488
3,202
Zalando
SE
(Specialty
Retail)(a)(b)
.....
78
39,530
Guernsey
—
0.07%
807,069
Chrysalis
Investments
Ltd.
(Financial
Services)(a)(b)
................
881
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Hong
Kong
—
0.81%
354,918
AIA
Group
Ltd.
(Insurance)
..........
$
3,945
48,695
BOC
Hong
Kong
Holdings
Ltd.
(Banks)
.
269
588,000
China
Common
Rich
Renewable
Energy
Investment
Ltd.
(Independent
Power
and
Renewable
Electricity
Producers)
(a)(c)
......................
—
25,200
CK
Asset
Holdings
Ltd.
(Real
Estate
Management
&
Development)
.....
144
35,410
CK
Hutchison
Holdings
Ltd.
(Industrial
Conglomerates)
...............
272
27,000
CK
Infrastructure
Holdings
Ltd.
(Electric
Utilities)
....................
216
35,719
CLP
Holdings
Ltd.
(Electric
Utilities)
...
336
792
Futu
Holdings
Ltd.,
ADR
(Capital
Markets)
(a)(b)
......................
108
26,000
Galaxy
Entertainment
Group
Ltd.
(Hotels,
Restaurants
&
Leisure)
..........
118
18,845
Henderson
Land
Development
Co.
Ltd.
(Real
Estate
Management
&
Development)
................
70
167,550
HKT
Trust
&
HKT
Ltd.,
Class
SS
(Diversified
Telecommunication
Services)(b)
..................
262
252,247
Hong
Kong
&
China
Gas
Co.
Ltd.
(Gas
Utilities)
....................
229
16,100
Hong
Kong
Exchanges
&
Clearing
Ltd.
(Capital
Markets)
..............
812
27,040
Hongkong
Land
Holdings
Ltd.
(Real
Estate
Management
&
Development)
.....
211
3,700
Jardine
Matheson
Holdings
Ltd.
(Industrial
Conglomerates)
...............
266
36,106
Link
REIT
(Retail
REITs)
............
167
30,000
MTR
Corp.
Ltd.
(Ground
Transportation)
.
123
39,368
Power
Assets
Holdings
Ltd.
(Electric
Utilities)
....................
307
33,947
Prudential
PLC
(Insurance)
...........
472
99,328
Sino
Land
Co.
Ltd.
(Real
Estate
Management
&
Development)
.....
145
18,000
SITC
International
Holdings
Co.
Ltd.
(Marine
Transportation)
.........
79
19,360
Sun
Hung
Kai
Properties
Ltd.
(Real
Estate
Management
&
Development)
.....
322
11,430
Swire
Pacific
Ltd.,
Class
A
(Industrial
Conglomerates)
...............
125
20,000
Techtronic
Industries
Co.
Ltd.
(Machinery)
266
13,000
The
Wharf
Holdings
Ltd.
(Real
Estate
Management
&
Development)
.....
36
155,856
WH
Group
Ltd.
(Food
Products)(b)
.....
205
23,000
Wharf
Real
Estate
Investment
Co.
Ltd.
(Real
Estate
Management
&
Development)
67
9,572
Ireland
(Republic
of)
—
1.04%
14,008
AerCap
Holdings
N.V.
(Trading
Companies
&
Distributors)
...............
1,922
4,032
AerCap
Holdings
N.V.
(Trading
Companies
&
Distributors)
...............
553
75
HC
CAPITAL
TRUST
The
Institutional
International
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Ireland
(Republic
of)
(continued)
28,160
AIB
Group
PLC
(Banks)(b)
..........
$
301
12,694
Bank
of
Ireland
Group
PLC
(Banks)
....
230
18,626
CRH
PLC
(Construction
Materials)
.....
1,958
78,555
Experian
PLC
(Professional
Services)
...
2,716
2,167
Kerry
Group
PLC,
Class
A
(Food
Products)
(b)
........................
173
2,032
Kingspan
Group
PLC
(Building
Products)
174
11,184
Ryanair
Holdings
PLC
(Passenger
Airlines)
(b)
........................
315
34,019
Ryanair
Holdings
PLC,
ADR
(Passenger
Airlines)
....................
1,966
9,616
TE
Connectivity
PLC
(Electronic
Equipment,
Instruments
&
Components)
.................
2,010
12,318
Israel
—
0.47%
818
Azrieli
Group
Ltd.
(Real
Estate
Management
&
Development)
..............
110
16,471
Bank
Hapoalim
BM
(Banks)
..........
387
19,675
Bank
Leumi
Le-Israel
BM,
Class
IS
(Banks)
440
1,854
Check
Point
Software
Technologies
Ltd.
(Software)(a)
.................
265
628
Elbit
Systems
Ltd.
(Aerospace
&
Defense)
530
35,264
ICL
Group
Ltd.
(Chemicals)
..........
182
1
Isracard
Ltd.
(Consumer
Finance)
......
—
16,027
Israel
Discount
Bank
Ltd.,
Class
A
(Banks)
162
2,038
Mizrahi
Tefahot
Bank
Ltd.
(Banks)
.....
149
596
Monday.com
Ltd.
(Software)(a)
........
41
1,472
Nice
Ltd.
(Software)(a)
..............
162
616
Nova
Ltd.
(Semiconductors
&
Semiconductor
Equipment)(a)
.....
272
2,985
Phoenix
Financial
Ltd.
(Insurance)
.....
160
65,565
Teva
Pharmaceutical
Industries
Ltd.
(Pharmaceuticals)(a)
...........
1,969
15,376
Teva
Pharmaceutical
Industries
Ltd.,
ADR
(Pharmaceuticals)(a)
...........
463
1,513
Tower
Semiconductor
Ltd.
(Semiconductors
&
Semiconductor
Equipment)(a)
...
268
5,560
Italy
—
1.77%
3,207
Banca
Mediolanum
SpA
(Financial
Services)
....................
65
25,980
Banca
Monte
dei
Paschi
di
Siena
SpA
(Banks)(b)
...................
227
14,965
Banco
BPM
SpA
(Banks)
............
208
19,242
BPER
Banca
SPA
(Banks)
...........
252
971
Buzzi
SpA
(Construction
Materials)
.....
49
37,178
Davide
Campari-Milano
N.V.,
Class
M
(Beverages)(b)
................
265
335,743
Enel
SpA
(Electric
Utilities)(b)
........
3,671
34,455
Eni
SpA
(Oil,
Gas
&
Consumable
Fuels)
.
979
6,072
Ferrari
N.V.
(Automobiles)
...........
2,055
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Italy
(continued)
1,686
Ferrari
N.V.
(Automobiles)
...........
$
572
8,403
FinecoBank
Banca
Fineco
SpA
(Banks)
..
187
13,919
Generali
(Insurance)
................
560
23,339
Infrastrutture
Wireless
Italiane
SpA
(Diversified
Telecommunication
Services)^(b)
.................
186
522,919
Intesa
Sanpaolo
SpA
(Banks)(b)
.......
3,162
8,367
Italgas
SpA
(Gas
Utilities)(b)
.........
97
5,339
Leonardo
SpA
(Aerospace
&
Defense)
...
363
4,190
Moncler
SpA
(Textiles,
Apparel
&
Luxury
Goods)
.....................
252
10,705
Poste
Italiane
SpA
(Financial
Services)(b)
252
23,198
Prysmian
SpA
(Electrical
Equipment)
...
2,741
4,635
Recordati
Industria
Chimica
e
Farmaceutica
SpA
(Pharmaceuticals)
..........
265
62,479
Snam
SpA
(Gas
Utilities)
............
473
78,819
Telecom
Italia
SpA
(Diversified
Telecommunication
Services)
.....
65
257,188
Telecom
Italia
SpA/Milano
(Diversified
Telecommunication
Services)
.....
181
43,068
Terna
-
Rete
Elettrica
Nazionale
(Electric
Utilities)
....................
493
44,971
UniCredit
SpA
(Banks)
..............
3,226
4,712
Unipol
Assicurazioni
SpA
(Insurance)
...
109
20,955
Japan
—
8.07%
10,200
Advantest
Corp.
(Semiconductors
&
Semiconductor
Equipment)(b)
.....
1,408
49,600
Aeon
Co.
Ltd.
(Consumer
Staples
Distribution
&
Retail)
...........
593
4,465
AGC,
Inc.
(Building
Products)
........
158
6,500
Aisin
Corp.
(Automobile
Components)
..
92
17,300
Ajinomoto
Co.,
Inc.
(Food
Products)
....
489
14,300
ANA
Holdings,
Inc.
(Passenger
Airlines)(b)
256
40,500
Asahi
Group
Holdings
Ltd.
(Beverages)(b)
405
27,110
Asahi
Kasei
Corp.
(Chemicals)
........
265
9,200
Asics
Corp.
(Textiles,
Apparel
&
Luxury
Goods)
.....................
247
38,190
Astellas
Pharma,
Inc.
(Pharmaceuticals)^
.
623
11,000
Bandai
Namco
Holdings,
Inc.
(Leisure
Products)
....................
271
18,020
Bridgestone
Corp.
(Automobile
Components)
.................
375
50,189
Broadmedia
Corp.
(Diversified
Telecommunication
Services)
.....
704
43,400
Calbee,
Inc.
(Food
Products)
..........
845
11,447
Canon,
Inc.
(Technology
Hardware,
Storage
&
Peripherals)
................
318
4,600
Capcom
Co.
Ltd.
(Entertainment)^
.....
97
17,000
Central
Japan
Railway
Co.
(Ground
Transportation)
...............
442
18,800
Chubu
Electric
Power
Co.,
Inc.
(Electric
Utilities)
....................
310
76
HC
CAPITAL
TRUST
The
Institutional
International
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Japan
(continued)
11,200
Chugai
Pharmaceutical
Co.
Ltd.
(Pharmaceuticals)
.............
$
618
8,578
Dai
Nippon
Printing
Co.
Ltd.
(Commercial
Services
&
Supplies)
...........
157
4,300
Daifuku
Co.
Ltd.
(Machinery)
.........
152
46,300
Daiichi
Life
Group,
Inc.
(Insurance)
....
427
24,200
Daiichi
Sankyo
Co.
Ltd.
(Pharmaceuticals)
433
3,500
Daikin
Industries
Ltd.
(Building
Products)
420
17,935
Daito
Trust
Construction
Co.
Ltd.
(Real
Estate
Management
&
Development)^
420
11,630
Daiwa
House
Industry
Co.
Ltd.
(Real
Estate
Management
&
Development)^
....
365
17,600
Daiwa
Securities
Group,
Inc.
(Capital
Markets)
....................
167
23,100
Denso
Corp.
(Automobile
Components)
..
290
1,200
Disco
Corp.
(Semiconductors
&
Semiconductor
Equipment)
.......
489
23,700
East
Japan
Railway
Co.
(Ground
Transportation)
...............
542
6,300
Ebara
Corp.
(Machinery)
............
178
45,372
Eiken
Chemical
Co.
Ltd.
(Health
Care
Equipment
&
Supplies)
.........
890
8,900
Eisai
Co.
Ltd.
(Pharmaceuticals)^
......
279
35,778
ENEOS
Holdings,
Inc.
(Oil,
Gas
&
Consumable
Fuels)
.............
322
12,300
FANUC
Corp.
(Machinery)
...........
429
2,500
Fast
Retailing
Co.
Ltd.
(Specialty
Retail)
.
988
1,900
Fuji
Electric
Co.
Ltd.
(Electrical
Equipment)
133
2,215
Fuji
Media
Holdings,
Inc.
(Media)
......
57
14,730
FUJIFILM
Holdings
Corp.
(Technology
Hardware,
Storage
&
Peripherals)
..
281
20,400
Fujikura
Ltd.
(Electrical
Equipment)
....
561
23,700
Fujitsu
Ltd.
(IT
Services)(b)
..........
485
52,100
GungHo
Online
Entertainment,
Inc.
(Entertainment)
...............
808
11,300
Hankyu
Hanshin
Holdings,
Inc.
(Ground
Transportation)^
...............
327
104,378
Helios
Techno
Holding
Co.
Ltd.
(Electrical
Equipment)
..................
752
600
Hikari
Tsushin,
Inc.
(Industrial
Conglomerates)
...............
152
132,300
Hitachi
Ltd.
(Industrial
Conglomerates)
..
3,880
49,462
Honda
Motor
Co.
Ltd.
(Automobiles)^
...
400
4,500
Hoya
Corp.
(Health
Care
Equipment
&
Supplies)
....................
780
20,900
Hulic
Co.
Ltd.
(Real
Estate
Management
&
Development)
................
244
3,200
Ibiden
Co.
Ltd.
(Electronic
Equipment,
Instruments
&
Components)^
.....
160
16,895
Idemitsu
Kosan
Co.
Ltd.
(Oil,
Gas
&
Consumable
Fuels)(b)
..........
166
14,000
IHI
Corp.
(Machinery)
..............
289
62,600
Ines
Corp.
(IT
Services)
.............
773
11,700
Inpex
Corp.
(Oil,
Gas
&
Consumable
Fuels)
346
101,208
Inter
Action
Corp.
(Semiconductors
&
Semiconductor
Equipment)
.......
870
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Japan
(continued)
7,070
Isuzu
Motors
Ltd.
(Automobiles)
.......
$
102
79,690
ITOCHU
Corp.
(Trading
Companies
&
Distributors)
.................
1,014
12,000
Japan
Airlines
Co.
Ltd.
(Passenger
Airlines)
(b)
........................
196
13,100
Japan
Exchange
Group,
Inc.
(Capital
Markets)
....................
153
23,600
Japan
Post
Bank
Co.
Ltd.
(Banks)(b)
....
385
24,160
Japan
Post
Holdings
Co.
Ltd.
(Insurance)(b)
279
6,900
Japan
Post
Insurance
Co.
Ltd.
(Insurance)(b)
70
19,927
Japan
Tobacco,
Inc.
(Tobacco)
.........
765
11,900
JFE
Holdings,
Inc.
(Metals
&
Mining)^(b)
140
7,400
JX
Advanced
Metals
Corp.
(Metals
&
Mining)
.....................
164
5,600
Kajima
Corp.
(Construction
&
Engineering)
214
12,900
Kao
Corp.
(Personal
Care
Products)
.....
502
10,000
Kawasaki
Heavy
Industries
Ltd.
(Machinery)
.................
188
4,600
Kawasaki
Kisen
Kaisha
Ltd.
(Marine
Transportation)^
...............
78
55,400
KDDI
Corp.
(Wireless
Telecommunication
Services)
....................
944
2,600
Keyence
Corp.
(Electronic
Equipment,
Instruments
&
Components)
......
925
8,700
Kikkoman
Corp.
(Food
Products)
......
79
2,500
Kioxia
Holdings
Corp.
(Semiconductors
&
Semiconductor
Equipment)(a)
.....
327
28,310
Kirin
Holdings
Co.
Ltd.
(Beverages)
....
451
13,600
Kobe
Bussan
Co.
Ltd.
(Consumer
Staples
Distribution
&
Retail)
...........
294
159,600
Kokuyo
Co.
Ltd.
(Commercial
Services
&
Supplies)
....................
866
12,690
Komatsu
Ltd.
(Machinery)
...........
505
1,900
Konami
Group
Corp.
(Entertainment)
...
235
12,800
Kubota
Corp.
(Machinery)
...........
205
16,980
Kyocera
Corp.
(Electronic
Equipment,
Instruments
&
Components)
......
260
17,200
Kyowa
Kirin
Co.
Ltd.
(Pharmaceuticals)
.
282
1,100
Lasertec
Corp.
(Semiconductors
&
Semiconductor
Equipment)
.......
245
60,972
LIFENET
INSURANCE
Co.
(Insurance)(a)
782
115,000
LY
Corp.
(Interactive
Media
&
Services)
.
277
16,500
M3,
Inc.
(Health
Care
Technology)
.....
170
2,900
Makita
Corp.
(Machinery)
...........
95
18,871
Marubeni
Corp.
(Trading
Companies
&
Distributors)
.................
690
15,500
Maruzen
Showa
Unyu
Co.
Ltd.
(Ground
Transportation)
...............
810
18,300
MatsukiyoCocokara
&
Co.
(Consumer
Staples
Distribution
&
Retail)^
....
291
5,100
MINEBEA
MITSUMI,
Inc.
(Machinery)
.
85
16,810
Mitsubishi
Chemical
Group
Corp.
(Chemicals)^
.................
98
43,120
Mitsubishi
Corp.
(Trading
Companies
&
Distributors)
.................
1,479
77
HC
CAPITAL
TRUST
The
Institutional
International
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Japan
(continued)
25,390
Mitsubishi
Electric
Corp.
(Electrical
Equipment)
..................
$
831
14,100
Mitsubishi
Estate
Co.
Ltd.
(Real
Estate
Management
&
Development)
.....
391
19,300
Mitsubishi
HC
Capital,
Inc.
(Financial
Services)^
...................
173
42,570
Mitsubishi
Heavy
Industries
Ltd.
(Machinery)
.................
1,170
150,482
Mitsubishi
UFJ
Financial
Group,
Inc.
(Banks)
.....................
2,547
32,832
Mitsui
&
Co.
Ltd.
(Trading
Companies
&
Distributors)
.................
1,269
34,900
Mitsui
Fudosan
Co.
Ltd.
(Real
Estate
Management
&
Development)
.....
372
7,400
Mitsui
OSK
Lines
Ltd.
(Marine
Transportation)^
...............
307
33,352
Mizuho
Financial
Group,
Inc.
(Banks)
...
1,350
20,400
MonotaRO
Co.
Ltd.
(Trading
Companies
&
Distributors)
.................
221
17,300
MS&AD
Insurance
Group
Holdings,
Inc.
(Insurance)^
.................
451
22,400
Murata
Manufacturing
Co.
Ltd.
(Electronic
Equipment,
Instruments
&
Components)
.................
503
92,793
Nakano
Corp.
(Construction
&
Engineering)
782
17,250
NEC
Corp.
(IT
Services)
.............
429
7,000
Nexon
Co.
Ltd.
(Entertainment)
.......
132
11,000
NIDEC
Corp.
(Electrical
Equipment)(a)
..
140
14,800
Nintendo
Co.
Ltd.
(Entertainment)
......
845
460
Nippon
Building
Fund,
Inc.
(Office
REITs)
386
30,100
Nippon
Paint
Holdings
Co.
Ltd.
(Chemicals)
(b)
........................
188
2,200
Nippon
Sanso
Holdings
Corp.
(Chemicals)^
78
87,400
Nippon
Steel
Corp.
(Metals
&
Mining)^
..
322
8,400
Nippon
Yusen
KK
(Marine
Transportation)^
308
29,400
Nissan
Motor
Co.
Ltd.
(Automobiles)(a)
.
64
131,850
Nissan
Shatai
Co.
Ltd.
(Automobiles)
...
805
20,000
Nitori
Holdings
Co.
Ltd.
(Specialty
Retail)^
318
8,900
Nitto
Denko
Corp.
(Chemicals)
........
178
39,600
Nomura
Holdings,
Inc.
(Capital
Markets)
.
312
10,120
Nomura
Research
Institute
Ltd.
(IT
Services)
....................
277
57,100
Noritz
Corp.
(Household
Durables)
.....
840
675,100
NTT,
Inc.
(Diversified
Telecommunication
Services)^
...................
676
10,300
Obayashi
Corp.
(Construction
&
Engineering)
.................
250
17,200
Obic
Co.
Ltd.
(IT
Services)^
..........
417
20,100
Olympus
Corp.
(Health
Care
Equipment
&
Supplies)^
...................
192
5,300
Oracle
Corp.
Japan
(Software)
.........
288
26,200
Oriental
Land
Co.
Ltd.
(Hotels,
Restaurants
&
Leisure)
...................
446
15,600
ORIX
Corp.
(Financial
Services)
.......
463
9,045
Osaka
Gas
Co.
Ltd.
(Gas
Utilities)
......
366
15,800
Otsuka
Corp.
(IT
Services)
...........
302
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Japan
(continued)
8,500
Otsuka
Holdings
Co.
Ltd.
(Pharmaceuticals)
$
604
47,000
Pan
Pacific
International
Holdings
Corp.
(Broadline
Retail)
.............
287
31,300
Panasonic
Holdings
Corp.
(Household
Durables)
...................
525
20,100
Rakuten
Group,
Inc.
(Broadline
Retail)(a)(b)
94
18,700
Recruit
Holdings
Co.
Ltd.
(Professional
Services)
....................
815
23,900
Renesas
Electronics
Corp.
(Semiconductors
&
Semiconductor
Equipment)(b)
...
342
27,385
Resona
Holdings,
Inc.
(Banks)
........
312
12,900
Ryohin
Keikaku
Co.
Ltd.
(Broadline
Retail)
275
12,000
Sanrio
Co.
Ltd.
(Specialty
Retail)
......
75
7,400
SBI
Holdings,
Inc.
(Capital
Markets)^
...
137
2,200
SCREEN
Holdings
Co.
Ltd.
(Semiconductors
&
Semiconductor
Equipment)
..................
131
11,300
Secom
Co.
Ltd.
(Commercial
Services
&
Supplies)
....................
431
9,100
Seibu
Holdings,
Inc.
(Ground
Transportation)^
...............
254
9,800
Sekisui
Chemical
Co.
Ltd.
(Industrial
Conglomerates)^
..............
164
10,025
Sekisui
House
Ltd.
(Household
Durables)
225
39,090
Seven
&
i
Holdings
Co.
Ltd.
(Consumer
Staples
Distribution
&
Retail)
.....
526
31,300
SG
Holdings
Co.
Ltd.
(Air
Freight
&
Logistics)
...................
292
7,800
Shimadzu
Corp.
(Electronic
Equipment,
Instruments
&
Components)
......
186
2,500
Shimano,
Inc.
(Leisure
Products)
.......
261
6,500
Shimizu
Corp.
(Construction
&
Engineering)
.................
117
22,525
Shin-Etsu
Chemical
Co.
Ltd.
(Chemicals)
917
18,700
Shionogi
&
Co.
Ltd.
(Pharmaceuticals)
..
413
10,600
Shiseido
Co.
Ltd.
(Personal
Care
Products)
216
800
SMC
Corp.
(Machinery)
.............
315
80,900
SMS
Co.
Ltd.
(Professional
Services)
...
856
596,740
SoftBank
Corp.
(Wireless
Telecommunication
Services)
.....
799
49,400
SoftBank
Group
Corp.
(Wireless
Telecommunication
Services)
.....
1,203
11,980
Sompo
Holdings,
Inc.
(Insurance)
......
466
82,500
Sony
Financial
Group,
Inc.
(Financial
Services)^
...................
76
182,000
Sony
Group
Corp.
(Household
Durables)
.
3,793
50,507
Square
Enix
Holdings
Co.
Ltd.
(Entertainment)
...............
805
7,754
Subaru
Corp.
(Automobiles)^
.........
125
74,900
Sugimura
Warehouse
Co.
Ltd.
(Commercial
Services
&
Supplies)
...........
490
14,340
Sumitomo
Corp.
(Trading
Companies
&
Distributors)
.................
537
9,620
Sumitomo
Electric
Industries
Ltd.
(Automobile
Components)
.......
547
78
HC
CAPITAL
TRUST
The
Institutional
International
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Japan
(continued)
3,400
Sumitomo
Metal
Mining
Co.
Ltd.
(Metals
&
Mining)
.....................
$
198
48,809
Sumitomo
Mitsui
Financial
Group,
Inc.
(Banks)
.....................
1,605
8,500
Sumitomo
Mitsui
Trust
Group,
Inc.
(Banks)
271
8,200
Sumitomo
Realty
&
Development
Co.
Ltd.
(Real
Estate
Management
&
Development)
................
233
17,700
Sun
Corp.
(Technology
Hardware,
Storage
&
Peripherals)
................
923
10,600
Suntory
Beverage
&
Food
Ltd.
(Beverages)
300
20,800
Suzuki
Motor
Corp.
(Automobiles)
.....
254
276,877
Synchro
Food
Co.
Ltd.
(Interactive
Media
&
Services)
....................
740
20,700
Sysmex
Corp.
(Health
Care
Equipment
&
Supplies)^
...................
181
6,100
T&D
Holdings,
Inc.
(Insurance)
.......
156
2,050
Taisei
Corp.
(Construction
&
Engineering)
212
28,045
Takeda
Pharmaceutical
Co.
Ltd.
(Pharmaceuticals)
.............
1,032
26,200
TDK
Corp.
(Electronic
Equipment,
Instruments
&
Components)
......
340
17,600
Terumo
Corp.
(Health
Care
Equipment
&
Supplies)(b)
..................
236
7,400
The
Chiba
Bank
Ltd.
(Banks)^
........
96
14,610
The
Kansai
Electric
Power
Co.,
Inc.
(Electric
Utilities)^
.............
243
12,000
TIS,
Inc.
(IT
Services)^
.............
257
32,000
Toho
Co.
Ltd.
(Entertainment)
.........
336
24,220
Tokio
Marine
Holdings,
Inc.
(Insurance)
.
1,137
5,980
Tokyo
Electron
Ltd.
(Semiconductors
&
Semiconductor
Equipment)
.......
1,486
8,300
Tokyo
Gas
Co.
Ltd.
(Gas
Utilities)
......
391
28,000
Tokyo
Metro
Co.
Ltd.
(Ground
Transportation)
...............
287
27,000
Tokyu
Corp.
(Ground
Transportation)^
...
319
3,100
TOPPAN
Holdings,
Inc.
(Commercial
Services
&
Supplies)
...........
82
18,300
Toray
Industries,
Inc.
(Chemicals)
......
130
600
Toyota
Industries
Corp.
(Machinery)(a)
..
78
126,500
Toyota
Motor
Corp.
(Automobiles)(b)
...
2,629
9,100
Toyota
Tsusho
Corp.
(Trading
Companies
&
Distributors)
.................
353
3,300
Trend
Micro,
Inc.
(Software)
..........
110
19,400
Tsuruha
Holdings,
Inc.
(Consumer
Staples
Distribution
&
Retail)
...........
304
60,000
Unicharm
Corp.
(Household
Products)
...
351
173,483
Wacom
Co.
Ltd.
(Technology
Hardware,
Storage
&
Peripherals)
..........
841
16,300
West
Japan
Railway
Co.
(Ground
Transportation)^(b)
............
321
12,000
Yamaha
Motor
Co.
Ltd.
(Automobiles)
..
87
3,000
Yokogawa
Electric
Corp.
(Electronic
Equipment,
Instruments
&
Components)
.................
93
13,600
Yokohama
Financial
Group,
Inc.
(Banks)
.
121
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Japan
(continued)
3,800
Zensho
Holdings
Co.
Ltd.
(Hotels,
Restaurants
&
Leisure)
..........
$
222
41,900
ZOZO,
Inc.
(Specialty
Retail)^(b)
......
293
95,821
Luxembourg
—
0.06%
5,704
ArcelorMittal
SA
(Metals
&
Mining)
....
296
3,020
CVC
Capital
Partners
PLC
(Capital
Markets)(b)
..................
39
3,545
Eurofins
Scientific
SE
(Life
Sciences
Tools
&
Services)
..................
259
4,924
Tenaris
SA
(Energy
Equipment
&
Services)
144
738
Macau
—
0.01%
31,860
Sands
China
Ltd.
(Hotels,
Restaurants
&
Leisure)
....................
68
Mexico
—
0.01%
2,935
Fresnillo
PLC
(Metals
&
Mining)
......
130
Netherlands
—
1.92%
7,916
ABN
AMRO
Bank
N.V.,
Class
CV
(Banks)
251
332
Adyen
N.V.
(Financial
Services)(a)(b)
...
332
17,248
Aegon
Ltd.
(Insurance)
..............
126
2,746
Akzo
Nobel
N.V.
(Chemicals)
.........
158
3,534
Argenx
SE
(Biotechnology)(a)
........
2,564
619
ASM
International
N.V.
(Semiconductors
&
Semiconductor
Equipment)(b)
.....
469
6,781
ASML
Holding
N.V.
(Semiconductors
&
Semiconductor
Equipment)(b)
.....
9,017
4,532
ASR
Nederland
N.V.
(Insurance)(b)
.....
312
966
BE
Semiconductor
Industries
N.V.
(Semiconductors
&
Semiconductor
Equipment)
..................
207
3,578
Euronext
N.V.
(Capital
Markets)(b)
.....
575
1,212
EXOR
N.V.
(Financial
Services)
.......
93
7,973
Ferrovial
SE
(Construction
&
Engineering)
519
5,537
Heineken
Holding
N.V.
(Beverages)
....
394
7,947
Heineken
N.V.
(Beverages)
...........
611
38,971
ING
Groep
N.V.
(Banks)
.............
1,011
2,266
JDE
Peet's
N.V.
(Food
Products)
.......
84
21,189
Koninklijke
Ahold
Delhaize
N.V.
(Consumer
Staples
Distribution
&
Retail)
.....
986
136,431
Koninklijke
KPN
N.V.
(Diversified
Telecommunication
Services)
.....
760
12,478
Koninklijke
Philips
N.V.
(Health
Care
Equipment
&
Supplies)
.........
341
2,797
Nebius
Group
N.V.,
Class
A
(Software)(a)
290
86
Nebius
Group
N.V.,
Class
A
(Software)(a)
9
7,066
NN
Group
N.V.
(Insurance)
...........
552
33,030
Prosus
N.V.
(Broadline
Retail)(a)(b)
....
1,529
10,442
QIAGEN
N.V.
(Life
Sciences
Tools
&
Services)
....................
423
79
HC
CAPITAL
TRUST
The
Institutional
International
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Netherlands
(continued)
1,494
Randstad
N.V.
(Professional
Services)
...
$
39
27,282
Stellantis
N.V.
(Automobiles)
.........
197
6,478
The
Magnum
Ice
Cream
Co.
N.V.
(Food
Products)(a)
..................
95
19,110
Universal
Music
Group
N.V.
(Entertainment)
...............
371
6,088
Wolters
Kluwer
N.V.
(Professional
Services)
454
22,769
New
Zealand
—
0.05%
22,055
Auckland
International
Airport
Ltd.
(Transportation
Infrastructure)
.....
101
11,051
Contact
Energy
Ltd.
(Electric
Utilities)
..
59
7,746
Fisher
&
Paykel
Healthcare
Corp.
Ltd.
(Health
Care
Equipment
&
Supplies)
168
12,202
Infratil
Ltd.
(Financial
Services)
.......
82
17,810
Meridian
Energy
Ltd.
(Independent
Power
and
Renewable
Electricity
Producers)
57
2,324
Xero
Ltd.
(Software)(a)
.............
123
590
Norway
—
0.20%
4,126
Aker
BP
ASA
(Oil,
Gas
&
Consumable
Fuels)
......................
153
11,923
DNB
Bank
ASA
(Banks)
............
373
10,265
Equinor
ASA
(Oil,
Gas
&
Consumable
Fuels)
......................
438
5,598
Gjensidige
Forsikring
ASA
(Insurance)
..
146
5,790
Kongsberg
Gruppen
ASA
(Aerospace
&
Defense)
....................
247
8,721
Mowi
ASA
(Food
Products)(b)
........
198
18,219
Norsk
Hydro
ASA
(Metals
&
Mining)
...
194
19,153
Orkla
ASA
(Food
Products)
..........
242
936
Salmar
ASA
(Food
Products)
.........
55
13,813
Telenor
ASA
(Diversified
Telecommunication
Services)
.....
243
2,201
Yara
International
ASA
(Chemicals)
....
129
2,418
Poland
—
0.01%
3,530
InPost
SA
(Air
Freight
&
Logistics)(a)
...
62
Portugal
—
0.05%
98,783
Banco
Comercial
Portugues
SA,
Class
R
(Banks)(b)
...................
96
42,598
EDP
SA
(Electric
Utilities)(b)
.........
226
5,453
Galp
Energia
SGPS
SA
(Oil,
Gas
&
Consumable
Fuels)(b)
..........
131
3,733
Jeronimo
Martins
SGPS
SA
(Consumer
Staples
Distribution
&
Retail)(b)
...
89
542
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Singapore
—
0.78%
135,738
CapitaLand
Ascendas
REIT
(Industrial
REITs)(b)
...................
$
262
209,564
CapitaLand
Integrated
Commercial
Trust
(Diversified
REITs)
............
375
31,300
CapitaLand
Investment
Ltd.
(Real
Estate
Management
&
Development)
.....
67
28,404
DBS
Group
Holdings
Ltd.
(Banks)
.....
1,265
561,402
Grab
Holdings
Ltd.
(Ground
Transportation)
(a)
........................
2,055
19,300
Keppel
Ltd.
(Industrial
Conglomerates)
..
178
45,137
Oversea-Chinese
Banking
Corp.
Ltd.
(Banks)
.....................
773
26,231
Sea
Ltd.,
ADR
(Broadline
Retail)(a)
....
2,173
11,800
Sembcorp
Industries
Ltd.
(Multi-Utilities)
61
28,700
Singapore
Airlines
Ltd.
(Passenger
Airlines)
(b)
........................
148
21,600
Singapore
Exchange
Ltd.
(Capital
Markets)
329
30,800
Singapore
Technologies
Engineering
Ltd.
(Aerospace
&
Defense)
.........
262
130,040
Singapore
Telecommunications
Ltd.
(Diversified
Telecommunication
Services)
....................
500
16,600
United
Overseas
Bank
Ltd.
(Banks)
.....
475
101,300
Wilmar
International
Ltd.
(Food
Products)
304
9,227
South
Korea
—
0.18%
736
Samsung
Electronics
Co.
Ltd.,
GDR
(Technology
Hardware,
Storage
&
Peripherals)(b)
................
2,128
Spain
—
1.21%
327
Acciona
SA
(Electric
Utilities)
........
86
2,746
ACS
Actividades
de
Construccion
y
Servicios
SA
(Construction
&
Engineering)
.................
335
13,935
Aena
SME
SA
(Transportation
Infrastructure)(b)
..............
411
6,045
Amadeus
IT
Group
SA
(Hotels,
Restaurants
&
Leisure)
...................
346
76,310
Banco
Bilbao
Vizcaya
Argentaria
SA
(Banks)
.....................
1,648
66,196
Banco
de
Sabadell
SA
(Banks)
........
237
195,648
Banco
Santander
SA
(Banks)(b)
.......
2,193
8,877
Bankinter
SA
(Banks)
...............
141
51,342
CaixaBank
SA
(Banks)
..............
615
11,297
Cellnex
Telecom
SA
(Diversified
Telecommunication
Services)(b)
...
363
4,077
EDP
Renovaveis
SA
(Independent
Power
and
Renewable
Electricity
Producers)
65
11,036
Endesa
SA
(Electric
Utilities)
.........
460
3,925
Grifols
SA
(Biotechnology)
...........
41
98,346
Iberdrola
SA
(Electric
Utilities)
........
2,251
991
Indra
Sistemas
SA
(IT
Services)
.......
55
80
HC
CAPITAL
TRUST
The
Institutional
International
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Spain
(continued)
48,105
Industria
de
Diseno
Textil
SA
(Specialty
Retail)
......................
$
2,800
13,081
Mapfre
SA
(Insurance)
..............
58
14,695
Naturgy
Energy
Group
SA
(Gas
Utilities)
.
440
27,919
Redeia
Corp.
SA
(Electric
Utilities)
.....
473
25,917
Repsol
SA
(Oil,
Gas
&
Consumable
Fuels)
730
139,204
Telefonica
SA
(Diversified
Telecommunication
Services)
.....
609
14,357
Sweden
—
1.19%
3,423
AddTech
AB,
B
Shares
(Trading
Companies
&
Distributors)
...............
118
3,805
Alfa
Laval
AB
(Machinery)
..........
208
13,444
Assa
Abloy
AB,
Class
B
(Building
Products)
486
35,736
Atlas
Copco
AB,
Class
A
(Machinery)
...
631
20,660
Atlas
Copco
AB,
Class
B
(Machinery)
...
323
5,609
Beijer
Ref
AB
(Trading
Companies
&
Distributors)(b)
...............
78
3,752
Boliden
AB
(Metals
&
Mining)(a)
......
197
8,882
Epiroc
AB,
Class
A
(Machinery)
.......
219
5,348
Epiroc
AB,
Class
B
(Machinery)
.......
115
6,507
EQT
AB
(Capital
Markets)
...........
202
15,624
Essity
AB,
Class
B
(Household
Products)^
403
4,395
Evolution
AB
(Hotels,
Restaurants
&
Leisure)(b)
..................
276
9,317
Fastighets
AB
Balder,
Class
B
(Real
Estate
Management
&
Development)(a)
...
55
10,540
H
&
M
Hennes
&
Mauritz
AB,
Class
B
(Specialty
Retail)
..............
198
27,394
Hexagon
AB,
Class
B
(Electronic
Equipment,
Instruments
&
Components)
.................
267
5,690
Holmen
AB,
B
shares
(Paper
&
Forest
Products)^
...................
204
1,693
Industrivarden
AB,
Class
A
(Financial
Services)(b)
..................
84
2,101
Industrivarden
AB,
Class
C
(Financial
Services)
....................
104
3,575
Indutrade
AB
(Machinery)
...........
82
2,027
Investment
AB
Latour,
Class
B
(Industrial
Conglomerates)
...............
44
24,224
Investor
AB,
Class
B
(Financial
Services)
917
1,758
L
E
Lundbergforetagen
AB,
Class
B
(Financial
Services)
............
100
3,081
Lifco
AB,
Class
B
(Industrial
Conglomerates)
...............
93
19,694
Nibe
Industrier
AB,
Class
B
(Building
Products)
....................
82
7,244
Saab
AB,
Class
B
(Aerospace
&
Defense)
475
3,179
Sagax
AB,
Class
B
(Real
Estate
Management
&
Development)
.....
59
69,233
Sandvik
AB
(Machinery)
............
2,662
14,417
Securitas
AB,
Class
B
(Commercial
Services
&
Supplies)
..................
242
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Sweden
(continued)
22,683
Skandinaviska
Enskilda
Banken
AB,
Class
A
(Banks)^
....................
$
420
4,497
Skanska
AB,
Class
B
(Construction
&
Engineering)^
................
122
4,479
SKF
AB,
B
shares
(Machinery)
........
108
2,357
Spotify
Technology
SA
(Entertainment)(a)
1,142
20,061
Svenska
Cellulosa
AB
SCA,
Class
B
(Paper
&
Forest
Products)^
............
232
26,799
Svenska
Handelsbanken
AB,
Class
A
(Banks)
.....................
353
13,272
Swedbank
AB,
Class
A
(Banks)^
.......
452
6,426
Swedish
Orphan
Biovitrum
AB
(Biotechnology)(a)
.............
270
17,421
Tele2
AB,
B
shares
(Wireless
Telecommunication
Services)
.....
361
45,733
Telefonaktiebolaget
LM
Ericsson,
Class
B
(Communications
Equipment)
.....
522
77,042
Telia
Co.
AB
(Diversified
Telecommunication
Services)(b)
...
395
2,667
Trelleborg
AB,
Class
B
(Machinery)
....
100
21,177
Volvo
AB,
Class
B
(Machinery)^
.......
697
14,098
Switzerland
—
4.81%
20,952
ABB
Ltd.,
Registered
Shares
(Electrical
Equipment)
..................
1,704
34,985
Alcon
AG
(Health
Care
Equipment
&
Supplies)
....................
2,645
39,548
Amrize
Ltd.
(Construction
Materials)(a)
..
2,215
1,228
Avolta
AG
(Specialty
Retail)(a)
........
74
3,610
Banque
Cantonale
Vaudoise,
Registered
Shares
(Banks)
................
587
373
Barry
Callebaut
AG,
Registered
Shares
(Food
Products)(b)
.............
656
131
Belimo
Holding
AG,
Class
R
(Building
Products)
....................
106
2,856
BKW
AG
(Electric
Utilities)
..........
563
4
Chocoladefabriken
Lindt
&
Spruengli
AG
(Food
Products)
...............
573
17
Chocoladefabriken
Lindt
&
Spruengli
AG,
Class
PC
(Food
Products)
........
239
419,164
Cie
Financiere
Richemont
SA,
ADR
(Textiles,
Apparel
&
Luxury
Goods)
7,407
18,205
Cie
Financiere
Richemont
SA,
Registered
Shares
(Textiles,
Apparel
&
Luxury
Goods)
.....................
3,215
7,071
Coca-Cola
HBC
AG
(Beverages)(a)
.....
398
5,809
DSM-Firmenich
AG
(Chemicals)
......
416
449
EMS-Chemie
Holding
AG
(Chemicals)
..
353
13,848
Galderma
Group
AG
(Pharmaceuticals)(b)
2,722
620
Geberit
AG,
Registered
Shares
(Building
Products)
....................
419
214
Givaudan
SA,
Registered
Shares
(Chemicals)
..................
724
133,973
Glencore
PLC
(Metals
&
Mining)(a)(b)
..
1,015
81
HC
CAPITAL
TRUST
The
Institutional
International
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Switzerland
(continued)
2,326
Helvetia
Baloise
Holding
AG,
Registered
Shares
(Insurance)
.............
$
602
6,832
Holcim
AG
(Construction
Materials)(a)(b)
565
2,727
Julius
Baer
Group
Ltd.
(Capital
Markets)
.
201
1,117
Kuehne
+
Nagel
International
AG,
Class
R
(Marine
Transportation)
.........
255
2,020
Logitech
International
SA,
Class
R
(Technology
Hardware,
Storage
&
Peripherals)
..................
188
941
Lonza
Group
AG,
Registered
Shares
(Life
Sciences
Tools
&
Services)(b)
.....
604
36,372
Nestle
SA,
Registered
Shares
(Food
Products)
....................
3,569
39,463
Novartis
AG,
Registered
Shares
(Pharmaceuticals)
.............
6,059
48,904
On
Holding
AG,
Class
A
(Textiles,
Apparel
&
Luxury
Goods)(a)
............
1,664
300
Partners
Group
Holding
AG
(Capital
Markets)
....................
323
9,361
Roche
Holding
AG
(Pharmaceuticals)
...
3,737
5,082
Roche
Holding
AG,
Class
BR
(Pharmaceuticals)
.............
2,107
5,531
Sandoz
Group
AG
(Pharmaceuticals)
....
433
1,538
Schindler
Holding
AG,
Class
PC
(Machinery)
.................
507
306
Schindler
Holding
AG,
Registered
Shares
(Machinery)
.................
96
5,723
SGS
SA,
Registered
Shares
(Professional
Services)
....................
603
2,020
Sika
AG,
Registered
Shares
(Chemicals)(b)
334
675
Sonova
Holding
AG
(Health
Care
Equipment
&
Supplies)(b)
.......
154
9,014
STMicroelectronics
N.V.
(Semiconductors
&
Semiconductor
Equipment)
.....
307
1,478
Straumann
Holding
AG,
Class
R
(Health
Care
Equipment
&
Supplies)
......
155
538
Swiss
Life
Holding
AG
(Insurance)
.....
586
4,192
Swiss
Prime
Site
AG,
Registered
Shares
(Real
Estate
Management
&
Development)
................
710
4,000
Swiss
Re
AG
(Insurance)
............
672
1,043
Swisscom
AG,
Registered
Shares
(Diversified
Telecommunication
Services)
....................
876
376
The
Swatch
Group
AG,
Class
BR
(Textiles,
Apparel
&
Luxury
Goods)
.......
83
96,396
UBS
Group
AG
(Capital
Markets)
......
3,759
357
VAT
Group
AG
(Machinery)(b)
........
223
2,289
Zurich
Insurance
Group
AG
(Insurance)(b)
1,618
57,021
Taiwan
—
0.18%
6,216
Taiwan
Semiconductor
Manufacturing
Co.
Ltd.,
ADR
(Semiconductors
&
Semiconductor
Equipment)
.......
2,101
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
Kingdom
—
6.94%
62,108
3i
Group
PLC
(Capital
Markets)
.......
$
2,024
14,970
Admiral
Group
PLC
(Insurance)
.......
627
11,183
Airtel
Africa
PLC
(Wireless
Telecommunication
Services)(b)
...
52
14,763
Anglo
American
PLC
(Metals
&
Mining)
.
634
11,466
Associated
British
Foods
PLC
(Food
Products)
....................
287
31,505
AstraZeneca
PLC
(Pharmaceuticals)(b)
..
6,161
30,959
Auto
Trader
Group
PLC
(Interactive
Media
&
Services)(b)
................
194
40,243
Aviva
PLC
(Insurance)
..............
323
51,360
BAE
Systems
PLC
(Aerospace
&
Defense)
1,505
539,232
Barclays
PLC
(Banks)(b)
............
2,821
19,784
Barratt
Redrow
PLC
(Household
Durables)
(b)
........................
69
210,425
BP
PLC
(Oil,
Gas
&
Consumable
Fuels)
.
1,647
34,644
British
American
Tobacco
PLC
(Tobacco)
2,011
141,050
BT
Group
PLC
(Diversified
Telecommunication
Services)
.....
395
17,672
Bunzl
PLC
(Trading
Companies
&
Distributors)
.................
531
137,593
Centrica
PLC
(Multi-Utilities)(b)
.......
389
6,521
Coca-Cola
Europacific
Partners
PLC
(Beverages)
..................
591
35,463
Compass
Group
PLC
(Hotels,
Restaurants
&
Leisure)
....................
989
35,335
Diageo
PLC
(Beverages)
............
657
6,768
Endeavour
Mining
PLC
(Metals
&
Mining)
407
7,912
Entain
PLC
(Hotels,
Restaurants
&
Leisure)
(b)
........................
59
132,814
GSK
PLC
(Pharmaceuticals)
..........
3,658
171,408
Haleon
PLC
(Pharmaceuticals)
........
848
5,888
Halma
PLC
(Electronic
Equipment,
Instruments
&
Components)
......
300
4,355
Hikma
Pharmaceuticals
PLC
(Pharmaceuticals)(b)
...........
73
361,500
HSBC
Holdings
PLC
(Banks)
.........
5,937
19,354
Imperial
Brands
PLC
(Tobacco)
.......
785
222,077
Informa
PLC
(Media)
...............
2,230
1,930
InterContinental
Hotels
Group
PLC
(Hotels,
Restaurants
&
Leisure)
..........
255
16,280
International
Consolidated
Airlines
Group
SA
(Passenger
Airlines)
.........
77
2,067
Intertek
Group
PLC
(Professional
Services)
101
121,996
J
Sainsbury
PLC
(Consumer
Staples
Distribution
&
Retail)
...........
547
32,928
JD
Sports
Fashion
PLC
(Specialty
Retail)
31
33,455
Kingfisher
PLC
(Specialty
Retail)
......
127
9,117
Land
Securities
Group
PLC
(Diversified
REITs)
.....................
67
76,786
Legal
&
General
Group
PLC
(Insurance)
.
252
2,423,598
Lloyds
Banking
Group
PLC
(Banks)
....
3,003
31,079
London
Stock
Exchange
Group
PLC
(Capital
Markets)(b)
............
3,669
29,968
M&G
PLC
(Financial
Services)
........
109
82
HC
CAPITAL
TRUST
The
Institutional
International
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
Kingdom
(continued)
72,908
Marks
&
Spencer
Group
PLC
(Consumer
Staples
Distribution
&
Retail)
.....
$
328
16,739
Melrose
Industries
PLC
(Aerospace
&
Defense)
....................
113
171,845
Molten
Ventures
PLC
(Capital
Markets)(a)
1,047
212,847
National
Grid
PLC
(Multi-Utilities)
.....
3,593
379,999
NatWest
Group
PLC
(Banks)(b)
.......
2,815
1,963
Next
PLC
(Broadline
Retail)
..........
332
46,515
Pearson
PLC
(Diversified
Consumer
Services)
....................
613
12,510
Reckitt
Benckiser
Group
PLC
(Household
Products)
....................
841
107,210
RELX
PLC
(Professional
Services)
.....
3,511
33,229
Rentokil
Initial
PLC
(Commercial
Services
&
Supplies)
..................
206
38,684
Rio
Tinto
PLC
(Metals
&
Mining)
......
3,589
241,515
Rolls-Royce
Holdings
PLC
(Aerospace
&
Defense)
....................
3,669
9,518
Schroders
PLC
(Capital
Markets)
......
73
16,801
Segro
PLC
(Industrial
REITs)
.........
144
13,111
Severn
Trent
PLC
(Water
Utilities)(b)
...
538
134,676
Shell
PLC
(Oil,
Gas
&
Consumable
Fuels)
6,238
19,515
Smith
&
Nephew
PLC
(Health
Care
Equipment
&
Supplies)
.........
309
4,401
Smiths
Group
PLC
(Industrial
Conglomerates)
...............
134
966
Spirax
Group
PLC
(Machinery)
........
87
22,013
SSE
PLC
(Electric
Utilities)(b)
........
761
121,072
Standard
Chartered
PLC
(Banks)
.......
2,523
9,236
Standard
Life
PLC
(Insurance)
........
84
162,091
Tesco
PLC
(Consumer
Staples
Distribution
&
Retail)
....................
1,018
45,566
The
Sage
Group
PLC
(Software)
.......
510
66,858
Unilever
PLC
(Personal
Care
Products)
..
3,670
32,480
United
Utilities
Group
PLC
(Water
Utilities)
566
3,226
Verisure
PLC
(Commercial
Services
&
Supplies)(a)
..................
33
254,608
Vodafone
Group
PLC
(Wireless
Telecommunication
Services)
.....
384
4,420
Whitbread
PLC
(Hotels,
Restaurants
&
Leisure)
....................
136
8,744
Wise
PLC,
Class
A
(Financial
Services)(a)
105
82,412
United
States
—
0.47%
2,357
Blackstone,
Inc.
(Capital
Markets)
......
271
129,884
Coupang,
Inc.,
Class
A
(Broadline
Retail)(a)
2,452
18,323
Flutter
Entertainment
PLC,
Class
DI
(Hotels,
Restaurants
&
Leisure)(a)
..
1,868
2,828
KKR
&
Co.,
Inc.
(Capital
Markets)
.....
262
2,749
Restaurant
Brands
International,
Inc.
(Hotels,
Restaurants
&
Leisure)
....
203
5,597
Sunbelt
Rentals
Holdings,
Inc.
(Trading
Companies
&
Distributors)
.......
357
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
States
(continued)
3,757
The
Carlyle
Group,
Inc.
(Capital
Markets)
$
182
5,595
Total
Common
Stocks
(cost
$388,493
)
..
529,945
Rights
—
0.00%
Italy
—
0.00%
325,812
Telecom
Italia
SpA,
4/1/26
(Diversified
Telecommunication
Services)(a)
...
—
United
States
—
0.00%
41,195
The
Gabelli
Equity
Trust,
Inc.,
4/14/26
(Capital
Markets)(a)
............
—
Total
Rights
(cost
$—
)
.............
—
Investment
Companies
—
52.13%
International
Equity
Funds
—
34.03%
103,199
3i
Infrastructure
PLC
...............
458
378,270
Aberdeen
Asia
Focus
PLC
...........
1,870
470,380
Aberdeen
UK
Smaller
Companies
Growth
Trust
PLC
...................
2,871
146,644
Aberforth
Smaller
Companies
Trust
PLC
.
2,841
1,088,946
Argo
Investments
Ltd.
..............
6,431
422,656
Augmentum
Fintech
PLC(a)
..........
604
698,809
Australian
Foundation
Investment
Co.
Ltd.^
3,153
2,648,239
AVI
Japan
Opportunity
Trust
PLC
......
5,907
2,962,249
Baillie
Gifford
European
Growth
Trust
PLC
3,730
1,381,433
Baillie
Gifford
Shin
Nippon
PLC
.......
2,468
1,764,917
Baillie
Gifford
UK
Growth
Trust
PLC
...
4,394
478,666
Baillie
Gifford
US
Growth
Trust
PLC
...
1,801
134,099
BlackRock
Enhanced
International
Dividend
Trust
.......................
725
460,437
BlackRock
Greater
Europe
Investment
Trust
PLC
.......................
3,232
361,003
BlackRock
Health
Sciences
Term
Trust
..
5,184
232,445
BlackRock
Smaller
Companies
Trust
PLC
3,698
41,803
BlackRock
World
Mining
Trust
PLC
....
492
1,163,707
CC
Japan
Income
&
Growth
Trust
PLC
..
3,502
25,846
CT
Private
Equity
Trust
PLC
..........
159
254,601
European
Opportunities
Trust
PLC
.....
2,713
251,955
Fidelity
Emerging
Markets
Ltd.
........
3,752
291,953
HarbourVest
Global
Private
Equity
Ltd.(a)
11,768
340,392
HgCapital
Trust
PLC
...............
1,748
293,469
ICG
Enterprise
Trust
PLC
............
5,142
545,158
INVESCO
Asia
Dragon
Trust
PLC
.....
3,012
170,987
iShares
Europe
Equity
Enhanced
Active
UCITS
ETF
..................
1,185
101,878
iShares
MSCI
Europe
Financials
Sector
UCITS
ETF
..................
1,620
6,000
iShares
MSCI
Eurozone
ETF
.........
376
424,125
Japan
Smaller
Capitalization
Fund,
Inc.
..
4,623
83
HC
CAPITAL
TRUST
The
Institutional
International
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Investment
Companies
(continued)
International
Equity
Funds
(continued)
1,911,770
JPMorgan
Emerging
Markets
Growth
&
Income
PLC
.................
$
3,572
626,035
JPMorgan
European
Discovery
Trust
PLC
4,799
1,075,643
JPMorgan
Japanese
Investment
Trust
PLC
10,070
65,834
JPMorgan
UK
Small
CAP
Growth
&
Income
PLC
.................
260
225,877
Kayne
Anderson
Energy
Infrastructure
Fund
3,226
74,000
Literacy
Capital
PLC
...............
318
1,119,214
Mercantile
Investment
Trust
PLC
......
3,593
182,000
Murray
Income
Trust
PLC
...........
2,148
355,130
NB
Private
Equity
Partners
Ltd.
.......
6,274
169,087
Neuberger
Energy
Infrastructure
and
Income
Fund,
Inc.
...................
1,777
147,005
Neuberger
Next
Generation
Connectivity
Fund,
Inc.
...................
1,892
54,000
NYLI
CBRE
Global
Infrastructure
Megatrends
Term
Fund
..........
793
593,936
Oakley
Capital
Investments
Ltd.
.......
3,679
248,012
Pacific
Assets
Trust
PLC
.............
1,182
192,801
Partners
Group
Private
Equity
Ltd.
.....
1,956
2,049,527
Polar
Capital
Global
Financials
Trust
PLC
5,793
476,405
RTW
Biotech
Opportunities
Ltd.
.......
936
1,357,865
Schroder
Japan
Trust
PLC
............
5,589
4,411,045
Schroders
Capital
Global
Innovation
Trust
820
75,213
Scottish
Mortgage
Investment
Trust
PLC
.
1,202
469,538
Strategic
Equity
Capital
PLC
.........
2,142
369,408
The
Baillie
Gifford
Japan
Trust
PLC
....
4,124
298,932
The
Edinburgh
Investment
Trust
PLC
...
3,084
2,538,687
The
European
Smaller
Companies
......
6,808
289,545
The
New
Germany
Fund,
Inc.
.........
2,959
2,388,626
The
Pantheon
International
PLC(a)
.....
11,443
693,001
The
Worldwide
Healthcare
Trust
PLC
...
3,088
1,143,050
TR
Property
Investment
Trust
PLC
-
Ordinary
Shares
...............
4,591
2,604,310
Vanguard
FTSE
Europe
ETF
..........
214,672
18,000
Xtrackers
MSCI
Europe
Small
Cap
UCITS
ETF
.......................
1,385
403,634
Shares
Security
Description
Value
(000)
Investment
Companies
(continued)
Money
Market
Funds
—
18.10%
3,486,598
Federated
Hermes
Treasury
Obligations
Fund,
Institutional
Shares
,
3.53%^^(d)
$
3,487
211,353,499
State
Street
Institutional
Treasury
Plus
Money
Market
Fund,
Trust
Class
,
3.55%(d)
....................
211,353
214,840
Total
Investment
Companies
(cost
$567,115
)
.......................
618,474
Total
Investments
(cost
$955,608
)
—
96.80%
.....................
1,148,419
Other
assets
in
excess
of
liabilities
—
3.20%
......................
37,990
Net
Assets
-
100.00%
..............
$
1,186,409
Amounts
designated
as
"—"
are
$0
or
have
been
rounded
to
$0.
^
All
or
part
of
this
security
was
on
loan
as
of
March
31,
2026.
^^
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,
2026.
(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,
2026.
(d)
Annualized
7-day
yield
as
of
period-end.
ADR—American
Depositary
Receipt
ETF
—
Exchange-Traded
Fund
GDR—Global
Depositary
Receipt
PLC
—
Public
Limited
Company
REIT—Real
Estate
Investment
Trust
84
HC
CAPITAL
TRUST
The
Institutional
International
Equity
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
The
following
table
reflects
the
percentage
of
total
net
assets
of
the
Portfolio
attributable
to
each
Specialist
Manager
as
of
March
31,
2026
The
Institutional
International
Equity
Portfolio
City
of
London
Investment
Management
Company,
Limited
Mellon
Investments
Corporation
Parametric
Portfolio
Associates,
LLC
Total
Common
Stocks
...............................................................................................................................
0.28
%
40.93
%
3.46
%
44.67
%
Contingent
Rights
............................................................................................................................
—
—
—
—
%
Investment
Companies
.....................................................................................................................
16.10
%
0.31
%
35.72
%
52.13
%
Other
Assets
(Liabilities)
.................................................................................................................
0.03
%
0.11
%
3.06
%
3.20
%
Total
Net
Assets
..........................................................................................................................
16.41
%
41.35
%
42.24
%
100.00
%
The
following
table
reflects
the
open
derivative
positions
held
by
the
Portfolio
as
of
March
31,
2026
.
Futures
Contracts
Purchased
*
Description
Number
of
Contracts
Expiration
Date
Notional
Amount
(000)
Value
and
Unrealized
Appreciation/
(Depreciation)
(000)
Mini
MSCI
EAFE
Index
Future
..............................
1,697
6/18/26
$
246,158
$
222
$
246,158
$
222
Total
Unrealized
Appreciation
.....................
$
222
Total
Unrealized
Depreciation
.....................
—
Total
Net
Unrealized
Appreciation/(Depreciation)
.......
$
222
*
Cash
has
been
pledged
as
collateral
for
futures
contracts
held
by
the
Portfolio.
Centrally
Cleared
Swap
Agreements(a)
Credit
Default
Swap
Agreements
-
Buy
Protection
Underlying
Instrument
Payment
Frequency
Fixed
Deal
Pay
Rate
(%)
Maturity
Date
Implied
Credit
Spread
at
March
31,
2026
(%)(b)
Notional
Amount
(000)(c)
Value
(000)
Premiums
Paid/
(Received)
(000)
Unrealized
Appreciation/
(Depreciation)
(000)
CDX
High
Yield
Index
Swap
Agreement,
Series
46
Daily
5.00
6/20/2031
3.87
$
99,000
$
(4,779)
$
(3,917)
$
(862)
$
(4,779)
$
(3,917)
$
(862)
85
HC
CAPITAL
TRUST
The
Institutional
International
Equity
Portfolio
Portfolio
of
Investments
(concluded)
—
March
31,
2026
(Unaudited)
(a)
When
a
credit
event
occurs
as
defined
under
the
terms
of
the
swap
agreement,
the
Fund
as
a
buyer
of
credit
protection
will
either
(i)
receive
from
the
seller
of
protection
an
amount
equal
to
the
par
value
of
the
defaulted
reference
entity
and
deliver
the
reference
entity
or
(ii)
receive
a
net
amount
equal
to
the
par
value
of
the
defaulted
reference
entity
less
its
recovery
value.
(b)
Implied
credit
spread,
represented
in
absolute
terms,
utilized
in
determining
the
value
of
the
credit
default
swap
agreements
as
of
period
end
will
serve
as
an
indicator
of
the
current
status
of
the
payment/performance
risk
and
represent
the
likelihood
or
risk
of
default
or
other
credit
event
for
the
credit
derivative.
The
implied
credit
spread
of
a
referenced
entity
reflects
the
cost
of
buying/selling
protection
and
may
include
payments
required
to
be
made
to
enter
into
the
agreement.
Generally,
wider
credit
spreads
represent
a
perceived
deterioration
of
the
referenced
entity's
credit
soundness
and
a
greater
likelihood
or
risk
of
default
or
other
credit
event
occurring
as
defined
under
the
terms
of
the
swap
agreement.
(c)
The
notional
amount
represents
the
maximum
potential
amount
the
Fund
may
receive
as
a
buyer
of
credit
protection
if
a
credit
event
occurs,
as
defined
under
the
terms
of
the
swap
agreement,
for
each
security
included
in
the
CDX
North
America
High
Yield
Index.
HC
CAPITAL
TRUST
The
Emerging
Markets
Portfolio
Portfolio
of
Investments
—
March
31,
2026
(Unaudited)
86
Shares
Security
Description
Value
(000)
Common
Stocks
—
67.08%
Australia
—
0.02%
152,000
MMG
Ltd.
(Metals
&
Mining)(a)(b)
....
$
144
Brazil
—
3.17%
248,415
Ambev
SA
(Beverages)
.............
731
67,488
Axia
Energia
(Electric
Utilities)
........
763
24,061
Axia
Energia
,
Preference
Shares
(Electric
Utilities)(a)
..................
263
255,999
B3
SA
-
Brasil
Bolsa
Balcao
(Capital
Markets)
....................
909
111,545
Banco
Bradesco
SA
(Banks)
..........
360
254,169
Banco
Bradesco
SA,
Preference
Shares
(Banks)(b)
...................
941
35,932
Banco
BTG
Pactual
SA
(Capital
Markets)(b)
391
91,017
Banco
do
Brasil
SA
(Banks)
..........
404
63,645
BB
Seguridade
Participacoes
SA
(Insurance)
428
48,968
Caixa
Seguridade
Participacoes
SA
(Insurance)
..................
173
18,466
Cia
de
Saneamento
Basico
do
Estado
de
Sao
Paulo
SABESP
(Water
Utilities)
...
564
171,556
Cia
Energetica
de
Minas
Gerais,
Preference
Shares
(Electric
Utilities)
........
418
60,792
Cia
Paranaense
de
Energia
-
Copel
(Electric
Utilities)
....................
181
32,356
Embraer
SA
(Aerospace
&
Defense)
....
481
48,811
Eneva
SA
(Independent
Power
and
Renewable
Electricity
Producers)(a)
231
41,307
Equatorial
SA
(Electric
Utilities)
.......
325
30,744
Gerdau
SA,
Preference
Shares
(Metals
&
Mining)
.....................
113
261,859
Itau
Unibanco
Holding
SA,
Preference
Shares
(Banks)
................
2,198
69,273
Itausa
SA,
Preference
Shares
(Banks)
....
187
66,924
Klabin
SA
(Containers
&
Packaging)
....
252
48,261
Localiza
Rent
a
Car
SA
(Ground
Transportation)
...............
438
25,807
MBRF
Global
Foods
Co.
SA
(Food
Products)(b)
.................
108
80,534
Motiva
Infraestrutura
de
Mobilidade
SA
(Transportation
Infrastructure)
.....
246
155,779
NU
Holdings
Ltd.,
Class
A
(Banks)(a)
...
2,239
189,504
Petroleo
Brasileiro
SA
-
Petrobras
(Oil,
Gas
&
Consumable
Fuels)
...........
1,972
184,422
Petroleo
Brasileiro
SA
-
Petrobras,
Preference
Shares
(Oil,
Gas
&
Consumable
Fuels)
.............
1,733
44,918
PRIO
SA
(Oil,
Gas
&
Consumable
Fuels)(a)
(b)
........................
574
68,715
Raia
Drogasil
SA
(Consumer
Staples
Distribution
&
Retail)
...........
312
38,694
Rede
D'Or
Sao
Luiz
SA
(Health
Care
Providers
&
Services)(b)
........
291
85,011
Rumo
SA
(Ground
Transportation)(b)
...
267
9,916
StoneCo
Ltd.,
Class
A
(Financial
Services)
(a)
........................
140
29,429
Suzano
SA
(Paper
&
Forest
Products)
...
295
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Brazil
(continued)
7,990
Telefonica
Brasil
SA
(Diversified
Telecommunication
Services)
.....
$
64
56,000
TIM
SA
(Wireless
Telecommunication
Services)
....................
297
19,480
TOTVS
SA
(Software)(b)
............
131
7,244
Ultrapar
Participacoes
SA
(Specialty
Retail)
40
167,804
Vale
SA
(Metals
&
Mining)
...........
2,673
53,188
Vibra
Energia
SA
(Specialty
Retail)(b)
...
325
78,073
WEG
SA
(Electrical
Equipment)
.......
769
15,406
XP,
Inc.,
Class
A
(Capital
Markets)
.....
293
23,520
Chile
—
0.31%
10,256
Banco
de
Credito
e
Inversiones
SA
(Banks)
664
36,717
Empresas
CMPC
SA
(Paper
&
Forest
Products)
....................
50
4,489,664
Enel
Chile
SA
(Electric
Utilities)
.......
347
47,236
Falabella
SA
(Broadline
Retail)
........
289
15,449,761
Latam
Airlines
Group
SA
(Passenger
Airlines)
....................
381
7,088
Sociedad
Quimica
y
Minera
de
Chile
SA,
Class
B
(Chemicals)(a)
..........
574
2,305
China
—
13.09%
53,365
360
Security
Technology,
Inc.,
Class
A
(Software)
...................
84
94,500
3SBio,
Inc.
(Biotechnology)(a)(b)
......
279
41,000
AAC
Technologies
Holdings,
Inc.
(Electronic
Equipment,
Instruments
&
Components)
.................
176
1,200
Advanced
Micro-Fabrication
Equipment,
Inc.,
Class
A
(Semiconductors
&
Semiconductor
Equipment)
.......
54
1,520,000
Agricultural
Bank
of
China
Ltd.,
Class
H
(Banks)
.....................
1,087
75,400
Air
China
Ltd.,
Class
A
(Passenger
Airlines)
(a)
........................
74
30,000
Akeso
,
Inc.
(Biotechnology)(a)(b)
......
511
114,100
Aluminum
Corp.
of
China
Ltd.,
Class
A
(Metals
&
Mining)
.............
192
140,000
Aluminum
Corp.
of
China
Ltd.,
Class
H
(Metals
&
Mining)
.............
205
6,700
Anhui
Jianghuai
Automobile
Group
Corp.
Ltd.,
Class
A
(Automobiles)(a)
....
45
64,800
ANTA
Sports
Products
Ltd.
(Textiles,
Apparel
&
Luxury
Goods)
.......
633
3,400
Avary
Holding
Shenzhen
Co.
Ltd.,
Class
A
(Electronic
Equipment,
Instruments
&
Components)
.................
26
100,026
Baidu,
Inc.,
Class
A
(Interactive
Media
&
Services)(a)
..................
1,398
3,831,100
Bank
of
China
Ltd.,
Class
H
(Banks)
....
2,446
1,072,000
Bank
of
Communications
Co.
Ltd.,
Class
H
(Banks)
.....................
969
87
HC
CAPITAL
TRUST
The
Emerging
Markets
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
China
(continued)
157,600
Bank
of
Hangzhou
Co.
Ltd.,
Class
A
(Banks)
.....................
$
383
41,700
Bank
of
Ningbo
Co.
Ltd.,
Class
A
(Banks)
184
310,100
Baoshan
Iron
&
Steel
Co.
Ltd.,
Class
A
(Metals
&
Mining)
.............
290
2,200
Beijing
Compass
Technology
Development
Co.
Ltd.,
Class
A
(Capital
Markets)
.
31
794
Beijing
Kingsoft
Office
Software,
Inc.,
Class
A
(Software)
.................
27
52,100
Beijing-Shanghai
High
Speed
Railway
Co.
Ltd.,
Class
A
(Transportation
Infrastructure)
................
38
9,449
Bilibili
,
Inc.,
ADR
(Interactive
Media
&
Services)(a)
..................
213
2,620
Bilibili
,
Inc.,
Class
Z
(Interactive
Media
&
Services)(a)
..................
59
152,000
BYD
Co.
Ltd.
(Automobiles)(b)
.......
2,078
27,458
BYD
Co.
Ltd.,
Class
A
(Automobiles)
...
424
47,000
BYD
Electronic
International
Co.
Ltd.
(Communications
Equipment)
.....
169
1,212
Cambricon
Technologies
Corp.
Ltd.
(Semiconductors
&
Semiconductor
Equipment)(a)
................
176
782,000
CGN
Power
Co.
Ltd.,
Class
H
(Independent
Power
and
Renewable
Electricity
Producers)(b)
.................
352
583,000
China
CITIC
Financial
Asset
Management
Co.
Ltd.,
Class
H
(Capital
Markets)(a)
(b)
........................
59
76,000
China
Coal
Energy
Co.
Ltd.,
Class
H
(Oil,
Gas
&
Consumable
Fuels)
.......
128
4,681,350
China
Construction
Bank
Corp.,
Class
H
(Banks)
.....................
5,053
30,800
China
CSSC
Holdings
Ltd.,
Class
A
(Machinery)
.................
139
62,900
China
Eastern
Airlines
Corp.,
Ltd.
(Passenger
Airlines)(a)
..........
39
110,000
China
Feihe
Ltd.
(Food
Products)(b)
....
49
69,200
China
Galaxy
Securities
Co.
Ltd.,
Class
A
(Capital
Markets)
..............
129
174,000
China
Galaxy
Securities
Co.
Ltd.,
Class
H
(Capital
Markets)
..............
177
12,100
China
Gold
International
Resources
Corp.
Ltd.
(Metals
&
Mining)
.........
240
140,500
China
Hongqiao
Group
Ltd.
(Metals
&
Mining)
.....................
635
53,600
China
International
Capital
Corp.
Ltd.,
Class
A
(Capital
Markets)
............
254
50,800
China
International
Capital
Corp.
Ltd.,
Class
H
(Capital
Markets)(b)
..........
113
348,000
China
Life
Insurance
Co.
Ltd.,
Class
H
(Insurance)
..................
1,110
23,800
China
Literature
Ltd.
(Media)(a)(b)
.....
78
200,000
China
Longyuan
Power
Group
Corp.
Ltd.,
Class
H
(Independent
Power
and
Renewable
Electricity
Producers)
..
183
126,000
China
Mengniu
Dairy
Co.
Ltd.
(Food
Products)(b)
.................
278
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
China
(continued)
77,800
China
Merchants
Bank
Co.
Ltd.,
Class
A
(Banks)
.....................
$
445
166,500
China
Merchants
Bank
Co.
Ltd.,
Class
H
(Banks)
.....................
1,058
71,100
China
Minsheng
Banking
Corp.
Ltd.,
Class
A
(Banks)
...................
39
344,000
China
National
Building
Material
Co.
Ltd.,
Class
H
(Construction
Materials)(b)
.
211
41,400
China
National
Nuclear
Power
Co.
Ltd.,
Class
A
(Independent
Power
and
Renewable
Electricity
Producers)
..
54
42,000
China
Nonferrous
Mining
Corp.
Ltd.
(Metals
&
Mining)
.............
63
12,650
China
Northern
Rare
Earth
Group
High-
Tech
Co.
Ltd.,
Class
A
(Metals
&
Mining)
.....................
88
46,400
China
Pacific
Insurance
Group
Co.
Ltd.,
Class
A
(Insurance)
............
251
99,000
China
Pacific
Insurance
Group
Co.
Ltd.,
Class
H
(Insurance)
............
405
219,400
China
Petroleum
&
Chemical
Corp.,
Class
A
(Oil,
Gas
&
Consumable
Fuels)
....
186
941,400
China
Petroleum
&
Chemical
Corp.,
Class
H
(Oil,
Gas
&
Consumable
Fuels)
....
541
156,700
China
Railway
Group
Ltd.,
Class
A
(Construction
&
Engineering)
.....
124
26,600
China
Resources
Mixc
Lifestyle
Services
Ltd.
(Real
Estate
Management
&
Development)(b)
..............
161
180,000
China
Shenhua
Energy
Co.
Ltd.,
Class
H
(Oil,
Gas
&
Consumable
Fuels)
....
1,065
9,400
China
Tourism
Group
Duty
Free
Corp.
Ltd.,
Class
A
(Specialty
Retail)
........
97
279,800
China
Tower
Corp.
Ltd.,
Class
H
(Diversified
Telecommunication
Services)(b)
..................
383
7,200
China
Tungsten
And
Hightech
Materials
Co.
Ltd.,
Class
A
(Metals
&
Mining)
...
51
97,800
China
Yangtze
Power
Co.
Ltd.,
Class
A
(Independent
Power
and
Renewable
Electricity
Producers)
...........
383
51,000
Chongqing
Changan
Automobile
Co.
Ltd.,
Class
A
(Automobiles)
..........
74
16,650
Chongqing
Zhifei
Biological
Products
Co.
Ltd.,
Class
A
(Biotechnology)(a)
...
36
320,000
CITIC
Ltd.
(Industrial
Conglomerates)
...
487
110,165
CITIC
Securities
Co.
Ltd.,
Class
A
(Capital
Markets)
....................
387
26,500
CITIC
Securities
Co.
Ltd.,
Class
H
(Capital
Markets)
....................
81
228,000
CMOC
Group
Ltd.,
Class
H
(Metals
&
Mining)
.....................
480
28,400
CNPC
Capital
Co.
Ltd.,
Class
A
(Banks)
.
42
16,640
Contemporary
Amperex
Technology
Co.
Ltd.,
Class
A
(Electrical
Equipment)
985
900
Contemporary
Amperex
Technology
Co.,
Ltd.,
Class
H
(Electrical
Equipment)^
72
88
HC
CAPITAL
TRUST
The
Emerging
Markets
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
China
(continued)
25,800
COSCO
SHIPPING
Energy
Transportation
Co.
Ltd.,
Class
A
(Oil,
Gas
&
Consumable
Fuels)
.............
$
83
114,430
COSCO
SHIPPING
Holdings
Co.
Ltd.,
Class
A
(Marine
Transportation)
...
250
66,300
COSCO
SHIPPING
Holdings
Co.
Ltd.,
Class
H
(Marine
Transportation)
...
126
288,300
CRRC
Corp.
Ltd.,
Class
A
(Machinery)
..
266
68,200
CSC
Financial
Co.
Ltd.,
Class
A
(Capital
Markets)
....................
214
6,400
CSPC
Innovation
Pharmaceutical
Co.
Ltd.,
Class
A
(Pharmaceuticals)
........
30
398,000
CSPC
Pharmaceutical
Group
Ltd.
(Pharmaceuticals)(b)
...........
470
100,200
Datang
International
Power
Generation
Co.
Ltd.,
Class
A
(Independent
Power
and
Renewable
Electricity
Producers)
..
58
19,000
Dongfang
Electric
Corp.
Ltd.,
Class
A
(Electrical
Equipment)
..........
98
58,490
East
Money
Information
Co.
Ltd.,
Class
A
(Capital
Markets)
..............
162
1,100
Eastroc
Beverage
Group
Co.
Ltd.,
Class
A
(Beverages)
..................
33
52,000
ENN
Energy
Holdings
Ltd.
(Gas
Utilities)
423
3,300
Eoptolink
Technology,
Inc.
Ltd.,
Class
A
(Electronic
Equipment,
Instruments
&
Components)
.................
219
6,223
Eve
Energy
Co.
Ltd.,
Class
A
(Electrical
Equipment)
..................
57
209,700
Focus
Media
Information
Technology
Co.
Ltd.,
Class
A
(Media)
...........
200
39,660
Foshan
Haitian
Flavouring
&
Food
Co.
Ltd.,
Class
A
(Food
Products)
.........
236
39,000
Foxconn
Industrial
Internet
Co.
Ltd.,
Class
A
(Electronic
Equipment,
Instruments
&
Components)
...............
301
17,400
Fuyao
Glass
Industry
Group
Co.
Ltd.,
Class
A
(Automobile
Components)
.....
145
6,800
Fuyao
Glass
Industry
Group
Co.
Ltd.,
Class
H
(Automobile
Components)(b)
...
51
5,000
Ganfeng
Lithium
Group
Co.
Ltd.,
Class
A
(Chemicals)
..................
58
16,600
Ganfeng
Lithium
Group
Co.
Ltd.,
Class
H
(Chemicals)(b)
................
157
57,700
GDS
Holdings
Ltd.,
Class
A
(IT
Services)^(a)
.................
292
74,000
Genscript
Biotech
Corp.
(Life
Sciences
Tools
&
Services)(a)
............
105
112,200
GF
Securities
Co.
Ltd.,
Class
A
(Capital
Markets)
....................
295
16,000
Giant
Biogene
Holding
Co.
Ltd.
(Personal
Care
Products)(b)
..............
57
9,100
Giant
Network
Group
Co.,
Ltd.
(Entertainment)
...............
42
2,100
GigaDevice
Semiconductor,
Inc.,
Class
A
(Semiconductors
&
Semiconductor
Equipment)
..................
75
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
China
(continued)
18,100
Goldwind
Science
&
Technology
Co.
Ltd.,
Class
A
(Electrical
Equipment)
....
$
70
116,000
Great
Wall
Motor
Co.
Ltd.
(Automobiles)
188
29,200
Gree
Electric
Appliances,
Inc.
of
Zhuhai,
Class
A
(Household
Durables)
.....
161
17,500
Guangdong
HEC
Technology
Holding
Co.
Ltd.,
Class
A
(Metals
&
Mining)(a)
.
78
8,700
Guangzhou
Tinci
Materials
Technology
Co.,
Ltd.
(Chemicals)
..............
58
62
Guotai
Haitong
Securities
Co.
Ltd.,
Class
A
(Capital
Markets)
..............
—
111,008
Guotai
Haitong
Securities
Co.
Ltd.,
Class
H
(Capital
Markets)(b)
............
190
10,002
H
World
Group
Ltd.,
ADR
(Hotels,
Restaurants
&
Leisure)
..........
503
95,000
Haidilao
International
Holding
Ltd.
(Hotels,
Restaurants
&
Leisure)(b)
........
175
60,800
Haier
Smart
Home
Co.
Ltd.,
Class
A
(Household
Durables)
...........
190
94,800
Haier
Smart
Home
Co.
Ltd.,
Class
H
(Household
Durables)
...........
254
2,900
Hangzhou
Chang
Chuan
Technology
Co.
Ltd.
(Semiconductors
&
Semiconductor
Equipment)
.......
52
66,000
Hansoh
Pharmaceutical
Group
Co.
Ltd.
(Pharmaceuticals)(b)
...........
302
83,000
Hengan
International
Group
Co.
Ltd.
(Personal
Care
Products)
........
294
45,000
Hengli
Petrochemical
Co.
Ltd.,
Class
A
(Chemicals)
..................
142
5,420
Hesai
Group,
Class
B
(Automobile
Components)(a)
...............
103
2,000
Hithink
RoyalFlush
Information
Network
Co.
Ltd.,
Class
A
(Capital
Markets)
.
87
234,600
Horizon
Robotics,
Class
B
(Software)(a)(b)
203
34,000
Hua
Hong
Semiconductor
Ltd.,
Class
H
(Semiconductors
&
Semiconductor
Equipment)(a)(b)
..............
343
25,200
Huadong
Medicine
Co.
Ltd.,
Class
A
(Health
Care
Providers
&
Services)
.......
130
352,000
Huaneng
Power
International,
Inc.,
Class
H
(Independent
Power
and
Renewable
Electricity
Producers)(b)
.........
267
100
Huatai
Securities
Co.
Ltd.,
Class
A
(Capital
Markets)
....................
—
59,000
Huatai
Securities
Co.
Ltd.,
Class
H
(Capital
Markets)(b)
..................
113
8,781
Hygon
Information
Technology
Co.
Ltd.,
Class
A
(Semiconductors
&
Semiconductor
Equipment)
.......
274
7,184
IEIT
Systems
Co.
Ltd.,
Class
A
(Technology
Hardware,
Storage
&
Peripherals)
..
60
23,600
Iflytek
Co.
Ltd.,
Class
A
(Software)
.....
160
3,251,440
Industrial
&
Commercial
Bank
of
China
Ltd.,
Class
H
(Banks)
...........
2,867
308,000
Inner
Mongolia
BaoTou
Steel
Union
Co.
Ltd.,
Class
A
(Metals
&
Mining)
...
113
89
HC
CAPITAL
TRUST
The
Emerging
Markets
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
China
(continued)
11,800
Inner
Mongolia
Xingye
Silver&Tin
Mining
Co.
Ltd.,
Class
A
(Metals
&
Mining)
$
71
69,500
Innovent
Biologics,
Inc.
(Biotechnology)(a)
(b)
........................
764
101,400
J&T
Global
Express
Ltd.
(Air
Freight
&
Logistics)(a)
.................
131
55,600
JD
Health
International,
Inc.
(Consumer
Staples
Distribution
&
Retail)(a)(b)
.
339
69,600
JD
Logistics,
Inc.
(Air
Freight
&
Logistics)
(a)(b)
......................
123
109,057
JD.com,
Inc.,
Class
A
(Broadline
Retail)
..
1,608
186,000
Jiangsu
Expressway
Co.
Ltd.,
Class
H
(Transportation
Infrastructure)
.....
240
4,200
Jiangsu
Hengli
Hydraulic
Co.
Ltd.,
Class
A
(Machinery)
.................
59
12,631
Jiangsu
Hengrui
Pharmaceuticals
Co.
Ltd.,
Class
A
(Pharmaceuticals)
........
102
45,000
Jiangxi
Copper
Co.
Ltd.,
Class
H
(Metals
&
Mining)
.....................
200
18,382
Kanzhun
Ltd.,
ADR
(Professional
Services)
(b)
........................
246
93,000
KE
Holdings,
Inc.,
Class
A
(Real
Estate
Management
&
Development)
.....
461
154,000
Kingdee
International
Software
Group
Co.
Ltd.
(Software)(a)
.............
171
62,000
Kingsoft
Corp.
Ltd.
(Entertainment)(b)
..
181
112,700
Kuaishou
Technology,
Class
B
(Interactive
Media
&
Services)(b)
...........
664
3,500
Kuang
-Chi
Technologies
Co.
Ltd.,
Class
A
(Aerospace
&
Defense)(a)
........
20
3,800
Kweichow
Moutai
Co.
Ltd.,
Class
A
(Beverages)
..................
800
1,300
Laopu
Gold
Co.
Ltd.,
Class
H
(Textiles,
Apparel
&
Luxury
Goods)
.......
105
370,000
Lenovo
Group
Ltd.
(Technology
Hardware,
Storage
&
Peripherals)
..........
445
26,100
Lens
Technology
Co.
Ltd.,
Class
A
(Electronic
Equipment,
Instruments
&
Components)
.................
109
58,214
Li
Auto,
Inc.,
Class
A
(Automobiles)(a)
..
514
132,000
Li
Ning
Co.
Ltd.
(Textiles,
Apparel
&
Luxury
Goods)
...............
365
132,500
Longfor
Group
Holdings
Ltd.
(Real
Estate
Management
&
Development)^(b)
..
129
23,819
Luxshare
Precision
Industry
Co.
Ltd.,
Class
A
(Electronic
Equipment,
Instruments
&
Components)
...............
175
161,500
Meitu
,
Inc.
(Interactive
Media
&
Services)
(a)(b)
......................
90
220,828
Meituan
,
Class
B
(Hotels,
Restaurants
&
Leisure)(a)(b)
................
2,410
20,000
Midea
Group
Co.
Ltd.,
Class
H
(Household
Durables)
...................
215
30,000
MINISO
Group
Holding
Ltd.
(Broadline
Retail)
......................
121
2,400
Montage
Technology
Co.
Ltd.
(Semiconductors
&
Semiconductor
Equipment)
..................
45
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
China
(continued)
7,280
Muyuan
Foods
Co.
Ltd.,
Class
A
(Food
Products)
....................
$
44
1,880
NAURA
Technology
Group
Co.
Ltd.,
Class
A
(Semiconductors
&
Semiconductor
Equipment)
..................
124
78,900
NetEase,
Inc.
(Entertainment)
.........
1,763
20,200
New
China
Life
Insurance
Co.
Ltd.,
Class
A
(Insurance)
..................
182
33,700
New
China
Life
Insurance
Co.
Ltd.,
Class
H
(Insurance)
..................
201
67,600
New
Oriental
Education
&
Technology
Group,
Inc.
(Diversified
Consumer
Services)
....................
383
4,400
Ningbo
Deye
Technology
Co.
Ltd.,
Class
A
(Electrical
Equipment)
..........
85
90,170
NIO,
Inc.,
Class
A
(Automobiles)(a)
....
548
97,000
Nongfu
Spring
Co.
Ltd.,
Class
H
(Beverages)(b)
................
587
4,400
OmniVision
Integrated
Circuits
Group,
Inc.,
Class
A
(Semiconductors
&
Semiconductor
Equipment)
.......
61
118,700
PetroChina
Co.
Ltd.,
Class
A
(Oil,
Gas
&
Consumable
Fuels)
.............
208
900,000
PetroChina
Co.
Ltd.,
Class
H
(Oil,
Gas
&
Consumable
Fuels)
.............
1,235
330,000
PICC
Property
&
Casualty
Co.
Ltd.,
Class
H
(Insurance)
..................
607
337,517
Ping
An
Insurance
Group
Co.
of
China
Ltd.
(Insurance)
..................
2,595
1,200
Piotech
,
Inc.
(Semiconductors
&
Semiconductor
Equipment)
.......
66
7,800
Pony
AI,
Inc.,
Class
A
(Software)(a)
....
69
24,400
Pop
Mart
International
Group
Ltd.
(Specialty
Retail)(b)
............
454
6,700
Range
Intelligent
Computing
Technology
Group
Co.
Ltd.
(IT
Services)
......
80
7,500
Remegen
Co.
Ltd.,
Class
H
(Biotechnology)
(a)(b)
......................
93
900
RoboTechnik
Intelligent
Technology
Co.,
Ltd.
(Machinery)
..............
51
900
Rockchip
Electronics
Co.
Ltd.,
Class
A
(Semiconductors
&
Semiconductor
Equipment)
..................
20
66,300
Rongsheng
Petrochemical
Co.
Ltd.,
Class
A
(Chemicals)
..................
116
45,700
SAIC
Motor
Corp.
Ltd.,
Class
A
(Automobiles)
................
98
26,500
SDIC
Power
Holdings
Co.
Ltd.,
Class
A
(Independent
Power
and
Renewable
Electricity
Producers)
...........
54
1,319,000
SenseTime
Group,
Inc.,
Class
B
(Software)
(a)(b)
......................
314
5,100
Seres
Group
Co.
Ltd.,
Class
A
(Automobiles)
................
68
12,000
Shaanxi
Coal
Industry
Co.
Ltd.,
Class
A
(Oil,
Gas
&
Consumable
Fuels)
....
44
27,500
Shandong
Gold
Mining
Co.
Ltd.,
Class
A
(Metals
&
Mining)
.............
164
90
HC
CAPITAL
TRUST
The
Emerging
Markets
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
China
(continued)
27,000
Shandong
Gold
Mining
Co.
Ltd.,
Class
H
(Metals
&
Mining)(b)
...........
$
114
12,400
Shandong
Hongqiao
Aluminum
Industry
Holding
Co.
Ltd.
(Metals
&
Mining)
(a)
........................
49
55,400
Shanghai
Electric
Group
Co.
Ltd.,
Class
A
(Electrical
Equipment)(a)
........
65
32,100
Shanghai
Pudong
Development
Bank
Co.
Ltd.,
Class
A
(Banks)
...........
47
6,090
Shanghai
Putailai
New
Energy
Technology
Group
Co.
Ltd.,
Class
A
(Chemicals)
29
160,200
Shanghai
Rural
Commercial
Bank
Co.
Ltd.,
Class
A
(Banks)
...............
211
9,400
Shanghai
Zhangjiang
High-Tech
Park
Development
Co.
Ltd.,
Class
A
(Real
Estate
Management
&
Development)
47
21,540
Shanjin
International
Gold
Co.
Ltd.,
Class
A
(Metals
&
Mining)
.............
94
2,800
Shannon
Semiconductor
Technology
Co.
Ltd.
(Electronic
Equipment,
Instruments
&
Components)
......
54
2,500
Sharetronic
Data
Technology
Co.
Ltd.
(Technology
Hardware,
Storage
&
Peripherals)
..................
78
4,900
Shenzhen
Envicool
Technology
Co.
Ltd.,
Class
A
(Machinery)
............
61
1,300
Shenzhen
Longsys
Electronics
Co.
Ltd.,
Class
A
(Technology
Hardware,
Storage
&
Peripherals)(a)
........
59
1,500
Shenzhen
Techwinsemi
Technology
Co.
Ltd.
(Semiconductors
&
Semiconductor
Equipment)
..................
86
48,200
Shenzhou
International
Group
Holdings
Ltd.
(Textiles,
Apparel
&
Luxury
Goods)(b)
295
14,400
Sichuan
Changhong
Electric
Co.
Ltd.,
Class
A
(Household
Durables)
.........
18
19,900
Sichuan
Chuantou
Energy
Co.
Ltd.,
Class
A
(Independent
Power
and
Renewable
Electricity
Producers)
...........
43
26,100
Sichuan
Kelun
Pharmaceutical
Co.
Ltd.,
Class
A
(Pharmaceuticals)
........
132
1,900
Sichuan
Kelun
-Biotech
Biopharmaceutical
Co.
Ltd.,
Class
H
(Biotechnology)(a)
(b)
........................
113
106,800
Sinopharm
Group
Co.
Ltd.,
Class
H
(Health
Care
Providers
&
Services)
.......
277
28,000
Sinotruk
Hong
Kong
Ltd.
(Machinery)(b)
140
81,000
Smoore
International
Holdings
Ltd.
(Tobacco)^(b)
................
92
18,500
Spring
Airlines
Co.
Ltd.,
Class
A
(Passenger
Airlines)
....................
124
6,540
Sungrow
Power
Supply
Co.
Ltd.,
Class
A
(Electrical
Equipment)
..........
145
31,827
Sunny
Optical
Technology
Group
Co.
Ltd.
(Electronic
Equipment,
Instruments
&
Components)
.................
222
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
China
(continued)
6,400
Suzhou
Dongshan
Precision
Manufacturing
Co.
Ltd.,
Class
A
(Electronic
Equipment,
Instruments
&
Components)
.................
$
99
1,400
Suzhou
Maxwell
Technologies
Co.
Ltd.,
Class
A
(Semiconductors
&
Semiconductor
Equipment)
.......
47
2,600
Suzhou
TFC
Optical
Communication
Co.
Ltd.,
Class
A
(Communications
Equipment)
..................
117
23,590
TAL
Education
Group,
ADR
(Diversified
Consumer
Services)(a)
..........
268
286,286
Tencent
Holdings
Ltd.
(Interactive
Media
&
Services)(b)
..................
18,058
24,381
Tencent
Music
Entertainment
Group,
ADR
(Entertainment)
...............
226
43,700
The
People's
Insurance
Co.
Group
of
China
Ltd.,
Class
A
(Insurance)
.........
46
249,000
The
People's
Insurance
Co.
Group
of
China
Ltd.,
Class
H
(Insurance)(b)
......
173
32,000
Tingyi
Cayman
Islands
Holding
Corp.
(Food
Products)
....................
53
78,400
Tongcheng
Travel
Holdings
Ltd.
(Hotels,
Restaurants
&
Leisure)(b)
........
181
14,000
Tsingtao
Brewery
Co.
Ltd.,
Class
H
(Beverages)
..................
87
9,500
UBTech
Robotics
Corp.
Ltd.
(Machinery)^(a)
...............
106
30,940
Unisplendour
Corp.
Ltd.,
Class
A
(Electronic
Equipment,
Instruments
&
Components)
.................
114
1,200
Verisilicon
Microelectronics
Shanghai
Co.
Ltd.
(Semiconductors
&
Semiconductor
Equipment)(a)
.....
36
2,300
Victory
Giant
Technology
Huizhou
Co.
Ltd.,
Class
A
(Electronic
Equipment,
Instruments
&
Components)
......
86
13,804
Vipshop
Holdings
Ltd.,
ADR
(Broadline
Retail)
......................
217
1
VOYAH
Automobile
Technology
Co.
Ltd.
(Automobiles)(a)
..............
—
18,400
Wanxiang
Qianchao
Co.
Ltd.
(Automobile
Components)
.................
42
50,500
Weichai
Power
Co.
Ltd.,
Class
A
(Machinery)
.................
179
54,000
Weichai
Power
Co.
Ltd.,
Class
H
(Machinery)
.................
192
44,260
Wens
Foodstuff
Group
Co.
Ltd.,
Class
A
(Food
Products)
...............
106
203,600
Wintime
Energy
Group
Co.
Ltd.,
Class
A
(Independent
Power
and
Renewable
Electricity
Producers)(a)
.........
54
8,800
Wolong
Electric
Group
Co.
Ltd.,
Class
A
(Electrical
Equipment)
..........
48
40,279
Wuhan
Guide
Infrared
Co.
Ltd.,
Class
A
(Electronic
Equipment,
Instruments
&
Components)(a)
...............
75
19,900
Wuliangye
Yibin
Co.
Ltd.,
Class
A
(Beverages)
..................
299
91
HC
CAPITAL
TRUST
The
Emerging
Markets
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
China
(continued)
12,260
WUS
Printed
Circuit
Kunshan
Co.
Ltd.,
Class
A
(Electronic
Equipment,
Instruments
&
Components)
......
$
139
16,500
WuXi
AppTec
Co.
Ltd.,
Class
A
(Life
Sciences
Tools
&
Services)
.......
239
11,640
WuXi
AppTec
Co.
Ltd.,
Class
H
(Life
Sciences
Tools
&
Services)(b)
.....
178
162,000
Wuxi
Biologics
Cayman,
Inc.
(Life
Sciences
Tools
&
Services)(a)(b)
.........
697
16,500
WuXi
XDC
Cayman,
Inc.
(Life
Sciences
Tools
&
Services)(a)(b)
.........
125
778,400
Xiaomi
Corp.,
Class
B
(Technology
Hardware,
Storage
&
Peripherals)(a)
(b)
........................
3,216
280,190
Xinyi
Solar
Holdings
Ltd.
(Semiconductors
&
Semiconductor
Equipment)
.....
105
57,364
XPeng
,
Inc.,
Class
A
(Automobiles)(a)
...
490
67,000
XtalPi
Holdings
Ltd.
(Life
Sciences
Tools
&
Services)(a)
..................
78
100,000
Yadea
Group
Holdings
Ltd.
(Automobiles)
(b)
........................
170
20,500
Yangtze
Optical
Fibre
&
Cable
Joint
Stock
Ltd.
Co.,
Class
H
(Communications
Equipment)(b)
................
495
40,170
Yankuang
Energy
Group
Co.
Ltd.,
Class
A
(Oil,
Gas
&
Consumable
Fuels)
....
113
154,700
Yankuang
Energy
Group
Co.
Ltd.,
Class
H
(Oil,
Gas
&
Consumable
Fuels)
....
288
3,800
Yantai
Jereh
Oilfield
Services
Group
Co.
Ltd.
(Energy
Equipment
&
Services)
54
17,070
Yealink
Network
Technology
Corp.
Ltd.,
Class
A
(Communications
Equipment)
82
16,876
Yonyou
Network
Technology
Co.
Ltd.,
Class
A
(Software)(a)
...........
29
16,250
Yum
China
Holdings,
Inc.
(Hotels,
Restaurants
&
Leisure)
..........
807
4,500
Zangge
Mining
Co.
Ltd.
(Chemicals)
....
53
12,100
Zhangzhou
Pientzehuang
Pharmaceutical
Co.
Ltd.,
Class
A
(Pharmaceuticals)
.
265
90,000
Zhaojin
Mining
Industry
Co.
Ltd.,
Class
H
(Metals
&
Mining)
.............
374
14,100
Zhejiang
China
Commodities
City
Group
Co.
Ltd.,
Class
A
(Distributors)
....
27
25,400
Zhejiang
Leapmotor
Technology
Co.
Ltd.,
Class
H
(Automobiles)(a)(b)
......
155
75,900
Zheshang
Securities
Co.
Ltd.,
Class
A
(Capital
Markets)
..............
107
3,320
Zhongji
Innolight
Co.
Ltd.,
Class
A
(Communications
Equipment)
.....
284
16,900
Zhongjin
Gold
Corp.
Ltd.,
Class
A
(Metals
&
Mining)
...................
67
94,500
Zijin
Mining
Group
Co.
Ltd.,
Class
A
(Metals
&
Mining)
.............
459
218,000
Zijin
Mining
Group
Co.
Ltd.,
Class
H
(Metals
&
Mining)
.............
981
130,200
Zoomlion
Heavy
Industry
Science
and
Technology
Co.
Ltd.,
Class
A
(Machinery)
.................
164
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
China
(continued)
45,800
ZTE
Corp.,
Class
A
(Communications
Equipment)
..................
$
219
15,550
ZTO
Express
Cayman,
Inc.
(Air
Freight
&
Logistics)
...................
383
96,960
Colombia
—
0.10%
12,989
Grupo
Cibest
SA
(Banks)
............
301
24,382
Grupo
Cibest
SA,
Preference
Shares
(Banks)
.....................
448
749
Czech
Republic
—
0.07%
1,084
CEZ
A/S
(Electric
Utilities)
..........
61
49,116
Moneta
Money
Bank
AS
(Banks)(b)
....
429
490
Egypt
—
0.05%
151,584
Commercial
International
Bank
-
Egypt
(CIB)
(Banks)
................
337
Greece
—
0.28%
67,748
Alpha
Bank
SA
(Banks)
.............
251
99,271
Eurobank
SA
(Banks)
...............
397
11,213
Hellenic
Telecommunications
Organization
SA
(Diversified
Telecommunication
Services)
....................
211
3,059
JUMBO
SA
(Specialty
Retail)(b)
.......
78
35,689
National
Bank
of
Greece
SA
(Banks)(b)
..
552
45,032
Piraeus
Bank
SA
(Banks)(a)
..........
370
10,619
Public
Power
Corp.
SA
(Electric
Utilities)
(b)
........................
222
2,081
Hong
Kong
—
2.23%
771,318
Alibaba
Group
Holding
Ltd.,
Class
W
(Broadline
Retail)
.............
12,089
286,000
Alibaba
Health
Information
Technology
Ltd.
(Consumer
Staples
Distribution
&
Retail)(a)
....................
172
11,500
Beijing
Enterprises
Holdings
Ltd.
(Gas
Utilities)(b)
..................
44
21,000
C&D
International
Investment
Group
Ltd.
(Real
Estate
Management
&
Development)
................
34
222,000
China
Overseas
Land
&
Investment
Ltd.
(Real
Estate
Management
&
Development)
................
331
102,000
China
Resources
Beer
Holdings
Co.
Ltd.
(Beverages)
..................
338
15,400
China
Resources
Gas
Group
Ltd.
(Gas
Utilities)(b)
..................
38
165,261
China
Resources
Land
Ltd.
(Real
Estate
Management
&
Development)
.....
613
92
HC
CAPITAL
TRUST
The
Emerging
Markets
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Hong
Kong
(continued)
176,143
China
Resources
Power
Holdings
Co.
Ltd.
(Independent
Power
and
Renewable
Electricity
Producers)
...........
$
411
560,000
China
Ruyi
Holdings
Ltd.
(Entertainment)
(a)
........................
110
112,000
China
State
Construction
International
Holdings
Ltd.
(Construction
&
Engineering)
.................
119
79,400
China
Taiping
Insurance
Holdings
Co.
Ltd.
(Insurance)(b)
................
210
57,000
Chow
Tai
Fook
Jewellery
Group
Ltd.
(Specialty
Retail)
..............
80
253,000
Far
East
Horizon
Ltd.
(Financial
Services)
229
1,248,000
GCL
Technology
Holdings
Ltd.
(Semiconductors
&
Semiconductor
Equipment)(a)
................
139
308,000
Geely
Automobile
Holdings
Ltd.
(Automobiles)
................
821
132,000
Guangdong
Investment
Ltd.
(Water
Utilities)
....................
132
2,150
NetEase
Cloud
Music,
Inc.
(Entertainment)
(a)(b)
......................
36
513,000
Sino
Biopharmaceutical
Ltd.
(Pharmaceuticals)(b)
...........
390
10,100
Zijin
Gold
International
Co.
Ltd.
(Metals
&
Mining)(a)
...................
230
16,566
Hungary
—
0.22%
18,936
MOL
Hungarian
Oil
&
Gas
PLC
(Oil,
Gas
&
Consumable
Fuels)
...........
227
10,618
OTP
Bank
Nyrt
(Banks)
.............
1,139
8,351
Richter
Gedeon
Nyrt
(Pharmaceuticals)
..
298
1,664
India
—
10.40%
1,582
ABB
India
Ltd.
(Electrical
Equipment)
..
100
11,071
Adani
Enterprises
Ltd.
(Trading
Companies
&
Distributors)(b)
.............
206
42,865
Adani
Ports
&
Special
Economic
Zone
Ltd.
(Transportation
Infrastructure)
.....
600
188,928
Adani
Power
Ltd.
(Independent
Power
and
Renewable
Electricity
Producers)(a)
301
62,569
Ambuja
Cements
Ltd.
(Construction
Materials)
...................
267
15,738
APL
Apollo
Tubes
Ltd.
(Metals
&
Mining)
325
8,151
Apollo
Hospitals
Enterprise
Ltd.
(Health
Care
Providers
&
Services)(b)
.....
644
61,078
Ashok
Leyland
Ltd.
(Machinery)
.......
100
19,814
Asian
Paints
Ltd.
(Chemicals)
.........
457
5,202
AU
Small
Finance
Bank
Ltd.
(Banks)(b)
.
47
22,857
Aurobindo
Pharma
Ltd.
(Pharmaceuticals)
(b)
........................
318
10,856
Avenue
Supermarts
Ltd.
(Consumer
Staples
Distribution
&
Retail)(a)(b)
......
457
118,992
Axis
Bank
Ltd.
(Banks)
.............
1,474
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
India
(continued)
5,199
Bajaj
Auto
Ltd.
(Automobiles)
........
$
486
139,697
Bajaj
Finance
Ltd.
(Consumer
Finance)(b)
1,195
28,832
Bajaj
Finserv
Ltd.
(Financial
Services)(b)
501
260
Bajaj
Holdings
&
Investment
Ltd.
(Financial
Services)
....................
24
189,059
Bharat
Electronics
Ltd.
(Aerospace
&
Defense)(b)
..................
809
5,388
Bharat
Forge
Ltd.
(Automobile
Components)
.................
97
79,223
Bharat
Heavy
Electricals
Ltd.
(Electrical
Equipment)
..................
207
104,752
Bharat
Petroleum
Corp.
Ltd.
(Oil,
Gas
&
Consumable
Fuels)(b)
..........
314
126,910
Bharti
Airtel
Ltd.
(Wireless
Telecommunication
Services)(b)
...
2,412
104
Bosch
Ltd.
(Automobile
Components)
...
32
1,406
Britannia
Industries
Ltd.
(Food
Products)
.
80
9,630
BSE
Ltd.
(Capital
Markets)
...........
277
48,710
CG
Power
&
Industrial
Solutions
Ltd.
(Electrical
Equipment)(b)
........
339
8,842,285
Chennai
Super
Kings
Cricket
Ltd.
(Entertainment)(a)(c)
...........
18,453
30,106
Cholamandalam
Investment
and
Finance
Co.
Ltd.
(Consumer
Finance)
.....
435
6,793
Cipla
Ltd.
(Pharmaceuticals)(b)
........
89
122,425
Coal
India
Ltd.
(Oil,
Gas
&
Consumable
Fuels)(b)
....................
585
8,945
Cummins
India
Ltd.
(Machinery)
.......
428
2,978
Divi's
Laboratories
Ltd.
(Life
Sciences
Tools
&
Services)
..................
188
1,427
Dixon
Technologies
India
Ltd.
(Household
Durables)
...................
148
77,965
DLF
Ltd.
(Real
Estate
Management
&
Development)(b)
..............
419
35,786
Dr.
Reddy's
Laboratories
Ltd.,
ADR
(Pharmaceuticals)
.............
496
8,257
Eicher
Motors
Ltd.
(Automobiles)(b)
....
578
119,338
Eternal
Ltd.
(Hotels,
Restaurants
&
Leisure)
(a)
........................
294
16,336
Fortis
Healthcare
Ltd.
(Health
Care
Providers
&
Services)
...........
138
17,398
FSN
E-Commerce
Ventures
Ltd.
(Specialty
Retail)(a)
....................
44
289,126
GAIL
India
Ltd.
(Gas
Utilities)
........
424
5,736
GE
Vernova
T&D
India
Ltd.
(Electrical
Equipment)
..................
222
2,830
Godrej
Consumer
Products
Ltd.
(Personal
Care
Products)
................
30
2,080
Godrej
Properties
Ltd.
(Real
Estate
Management
&
Development)(a)(b)
33
49,806
HCL
Technologies
Ltd.
(IT
Services)
....
717
524,492
HDFC
Bank
Ltd.
(Banks)
............
4,108
18,156
HDFC
Life
Insurance
Co.
Ltd.
(Insurance)
(b)
........................
114
3,798
Hero
MotoCorp
Ltd.
(Automobiles)(b)
...
205
37,725
Hindalco
Industries
Ltd.
(Metals
&
Mining)
(b)
........................
357
93
HC
CAPITAL
TRUST
The
Emerging
Markets
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
India
(continued)
11,588
Hindustan
Aeronautics
Ltd.
(Aerospace
&
Defense)
....................
$
426
11,096
Hindustan
Petroleum
Corp.
Ltd.
(Oil,
Gas
&
Consumable
Fuels)
.............
40
46,133
Hindustan
Unilever
Ltd.
(Personal
Care
Products)(b)
.................
1,006
541
Hitachi
Energy
India
Ltd.
(Electrical
Equipment)
..................
140
1,865
Hyundai
Motor
India
Ltd.
(Automobiles)
.
35
246,788
ICICI
Bank
Ltd.
(Banks)(b)
..........
3,168
208,399
Indian
Oil
Corp.
Ltd.
(Oil,
Gas
&
Consumable
Fuels)
.............
298
33,112
Indus
Towers
Ltd.
(Diversified
Telecommunication
Services)(a)(b)
.
147
21,414
IndusInd
Bank
Ltd.
(Banks)(a)(b)
......
172
26,540
Info
Edge
India
Ltd.
(Interactive
Media
&
Services)
....................
274
152,060
Infosys
Ltd.
(IT
Services)
............
2,051
12,411
InterGlobe
Aviation
Ltd.
(Passenger
Airlines)(b)
..................
524
175,894
ITC
Ltd.
(Tobacco)
.................
538
5,178
Jindal
Stainless
Ltd.
(Metals
&
Mining)
..
39
197,990
Jio
Financial
Services
Ltd.
(Financial
Services)
....................
473
17,235
JSW
Energy
Ltd.
(Independent
Power
and
Renewable
Electricity
Producers)(b)
86
5,422
Jubilant
Foodworks
Ltd.
(Hotels,
Restaurants
&
Leisure)(b)
........
25
17,767
Kalyan
Jewellers
India
Ltd.
(Textiles,
Apparel
&
Luxury
Goods)(b)
.....
71
277,251
Kotak
Mahindra
Bank
Ltd.
(Banks)(b)
...
1,044
35,447
Larsen
&
Toubro
Ltd.
(Construction
&
Engineering)(b)
...............
1,318
20,661
Lodha
Developers
Ltd.
(Real
Estate
Management
&
Development)(b)
..
149
47,902
Mahindra
&
Mahindra
Ltd.
(Automobiles)
(b)
........................
1,503
6,779
Maruti
Suzuki
India
Ltd.
(Automobiles)
..
889
41,140
Max
Healthcare
Institute
Ltd.
(Health
Care
Providers
&
Services)(b)
........
422
2,469
Muthoot
Finance
Ltd.
(Consumer
Finance)
83
10,754
Nestle
India
Ltd.
(Food
Products)
......
134
60,205
NHPC
Ltd.
(Independent
Power
and
Renewable
Electricity
Producers)(b)
47
468,093
NMDC
Ltd.
(Metals
&
Mining)
........
381
242,379
NTPC
Ltd.
(Independent
Power
and
Renewable
Electricity
Producers)(b)
955
197,370
Oil
&
Natural
Gas
Corp.
Ltd.
(Oil,
Gas
&
Consumable
Fuels)(b)
..........
595
14,993
Oil
India
Ltd.
(Oil,
Gas
&
Consumable
Fuels)
......................
75
16,778
One
97
Communications
Ltd.
(Financial
Services)(a)(b)
................
171
607
Oracle
Financial
Services
Software
Ltd.
(Software)
...................
44
13,568
PB
Fintech
Ltd.
(Insurance)(a)(b)
......
206
2,264
Persistent
Systems
Ltd.
(IT
Services)
....
119
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
India
(continued)
44,166
Pidilite
Industries
Ltd.
(Chemicals)
.....
$
598
1,602
Polycab
India
Ltd.
(Electrical
Equipment)(b)
117
105,295
Power
Finance
Corp.
Ltd.
(Financial
Services)
....................
426
273,989
Power
Grid
Corp.
of
India
Ltd.
(Electric
Utilities)
....................
863
2,527
Prestige
Estates
Projects
Ltd.
(Real
Estate
Management
&
Development)
.....
30
29,002
Rail
Vikas
Nigam
Ltd.
(Construction
&
Engineering)
.................
77
84,438
REC
Ltd.
(Financial
Services)
.........
275
279,182
Reliance
Industries
Ltd.
(Oil,
Gas
&
Consumable
Fuels)
.............
4,015
130,845
Samvardhana
Motherson
International
Ltd.
(Automobile
Components)(b)
.....
147
30,301
SBI
Life
Insurance
Co.
Ltd.
(Insurance)(b)
573
1,183
Shree
Cement
Ltd.
(Construction
Materials)
(b)
........................
289
50,695
Shriram
Finance
Ltd.
(Consumer
Finance)
(b)
........................
472
1,409
Siemens
Energy
India
Ltd.
(Electrical
Equipment)
..................
38
2,450
Siemens
Ltd.
(Industrial
Conglomerates)(a)
77
793
Solar
Industries
India
Ltd.
(Chemicals)
..
102
1,907
SRF
Ltd.
(Chemicals)
...............
50
92,813
State
Bank
of
India
(Banks)(b)
........
968
56,328
Sun
Pharmaceutical
Industries
Ltd.
(Pharmaceuticals)
.............
1,054
1,450
Sundaram
Finance
Ltd.
(Consumer
Finance)
67
1,146
Supreme
Industries
Ltd.
(Building
Products)
46
570,140
Suzlon
Energy
Ltd.
(Electrical
Equipment)
(a)(b)
......................
242
61,512
Swiggy
Ltd.
(Hotels,
Restaurants
&
Leisure)
(a)(b)
......................
171
44,580
Tata
Consultancy
Services
Ltd.
(IT
Services)
(b)
........................
1,123
15,228
Tata
Consumer
Products
Ltd.
(Food
Products)
....................
164
115,265
Tata
Motors
Ltd.
(Machinery)(a)
.......
492
101,379
Tata
Motors
Passenger
Vehicles
Ltd.
(Automobiles)(b)
..............
321
420,400
Tata
Steel
Ltd.
(Metals
&
Mining)
......
863
11,283
Tech
Mahindra
Ltd.
(IT
Services)
......
168
22,009
The
Indian
Hotels
Co.
Ltd.
(Hotels,
Restaurants
&
Leisure)(b)
........
134
3,560
The
Phoenix
Mills
Ltd.
(Real
Estate
Management
&
Development)(b)
..
57
34,381
The
Tata
Power
Co.
Ltd.
(Electric
Utilities)
138
20,927
Titan
Co.
Ltd.
(Textiles,
Apparel
&
Luxury
Goods)
.....................
879
7,846
Torrent
Power
Ltd.
(Electric
Utilities)
...
109
11,512
Trent
Ltd.
(Specialty
Retail)
..........
405
8,326
Tube
Investments
of
India
Ltd.
(Automobile
Components)
.................
223
5,502
TVS
Motor
Co.
Ltd.
(Automobiles)
.....
198
94
HC
CAPITAL
TRUST
The
Emerging
Markets
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
India
(continued)
6,993
UltraTech
Cement
Ltd.
(Construction
Materials)
...................
$
799
37,293
United
Spirits
Ltd.
(Beverages)
........
479
5,501
UPL
Ltd.
(Chemicals)
...............
33
51,325
Varun
Beverages
Ltd.
(Beverages)(b)
....
210
76,460
Vedanta
Ltd.
(Metals
&
Mining)
.......
536
37,690
Vishal
Mega
Mart
Ltd.
(Broadline
Retail)(a)
(b)
........................
42
611,114
Vodafone
Idea
Ltd.
(Wireless
Telecommunication
Services)(a)(b)
.
55
4,646
Voltas
Ltd.
(Construction
&
Engineering)
.
63
2,375
WAAREE
Energies
Ltd.
(Semiconductors
&
Semiconductor
Equipment)
.......
78
166,280
Wipro
Ltd.
(IT
Services)(b)
...........
335
1,074,947
Yes
Bank
Ltd.
(Banks)(a)
............
197
77,020
Indonesia
—
0.59%
599,600
PT
Amman
Mineral
Internasional
(Metals
&
Mining)(a)
...................
173
1,361,800
PT
Astra
International
Tbk
(Industrial
Conglomerates)
...............
503
2,862,185
PT
Bank
Central
Asia
Tbk
(Banks)
.....
1,105
801,100
PT
Bank
Mandiri
Persero
Tbk
(Banks)
...
225
3,488,200
PT
Bank
Rakyat
Indonesia
Persero
Tbk
(Banks)
.....................
697
1,079,604
PT
Barito
Pacific
Tbk
(Chemicals)(a)
....
87
388,500
PT
Barito
Renewables
Energy
Tbk
(Independent
Power
and
Renewable
Electricity
Producers)(a)
.........
120
2,599,300
PT
Bumi
Resources
Minerals
Tbk
(Metals
&
Mining)(a)
...................
114
375,000
PT
Chandra
Asri
Pacific
Tbk
(Chemicals)
.
105
1,080,300
PT
Charoen
Pokphand
Indonesia
Tbk
(Food
Products)
....................
261
49,900
PT
Dian
Swastatika
Sentosa
Tbk
(Oil,
Gas
&
Consumable
Fuels)(a)
.........
194
32,225,600
PT
GoTo
Gojek
Tokopedia
Tbk
,
Class
A
(Broadline
Retail)(a)
...........
97
986,300
PT
Petrindo
Jaya
Kreasi
Tbk
(Oil,
Gas
&
Consumable
Fuels)
.............
61
849,200
PT
Sumber
Alfaria
Trijaya
Tbk
(Consumer
Staples
Distribution
&
Retail)
.....
75
2,435,950
PT
Telkom
Indonesia
Persero
Tbk
(Diversified
Telecommunication
Services)(b)
..................
439
63,800
PT
United
Tractors
Tbk
(Oil,
Gas
&
Consumable
Fuels)
.............
117
4,373
Ireland
(Republic
of)
—
0.44%
31,812
PDD
Holdings,
Inc.,
ADR
(Broadline
Retail)
(a)
........................
3,251
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Kazakhstan
—
0.00%
38,369
Solidcore
Resources
PLC
(Metals
&
Mining)(a)(c)
.................
$
—
Korea,
Republic
of
—
0.55%
1,988
Alteogen
,
Inc.
(Biotechnology)
........
451
1,156
APR
Corp.
(Personal
Care
Products)
....
264
1,306
Hanjin
Kal
Corp.
(Hotels,
Restaurants
&
Leisure)
....................
97
1,960
Hanmi
Semiconductor
Co.
Ltd.
(Semiconductors
&
Semiconductor
Equipment)
..................
339
2,961
Hanwha
Systems
Co.
Ltd.
(Aerospace
&
Defense)
....................
232
1,938
HD
Hyundai
Co.
Ltd.
(Oil,
Gas
&
Consumable
Fuels)
.............
325
1,146
HD
Hyundai
Electric
Co.
Ltd.
(Electrical
Equipment)
..................
649
1,703
HD
Hyundai
Heavy
Industries
Co.
Ltd.
(Machinery)
.................
546
467
HD
Hyundai
Marine
Solution
Co.
Ltd.
(Machinery)
.................
58
893
HYBE
Co.
Ltd.
(Entertainment)(a)
.....
181
3,677
Hyundai
Rotem
Co.
Ltd.
(Machinery)
...
424
3,445
Meritz
Financial
Group,
Inc.
(Financial
Services)(a)
..................
261
202
Samsung
Episholdings
Co.
Ltd.
(Biotechnology)(a)
.............
69
180
Samyang
Foods
Co.
Ltd.
(Food
Products)
146
764
SK
Biopharmaceuticals
Co.
Ltd.
(Pharmaceuticals)(a)(b)
.........
48
4,090
Kuwait
—
0.42%
286,999
Boubyan
Bank
KSCP
(Banks)
.........
636
559,444
Kuwait
Finance
House
KSCP
(Banks)
...
1,458
75,937
Mabanee
Co.
KPSC
(Real
Estate
Management
&
Development)
.....
223
222,384
National
Bank
of
Kuwait
SAKP
(Banks)
.
660
112,614
Warba
Bank
KSCP
(Banks)
...........
107
3,084
Luxembourg
—
0.02%
2,313
Reinet
Investments
SCA
(Capital
Markets)
75
9,796
Zabka
Group
SA
(Consumer
Staples
Distribution
&
Retail)(a)
.........
59
134
Malaysia
—
0.80%
241,900
AMMB
Holdings
Berhad
(Banks)
......
396
60,200
CELCOMDIGI
Berhad
(Wireless
Telecommunication
Services)
.....
44
109,100
CIMB
Group
Holdings
Berhad
(Banks)(b)
205
154,126
Gamuda
Berhad
(Construction
&
Engineering)
.................
143
95
HC
CAPITAL
TRUST
The
Emerging
Markets
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Malaysia
(continued)
218,200
IHH
Healthcare
Berhad
(Health
Care
Providers
&
Services)
...........
$
486
616,100
IOI
Corp.
Berhad
(Food
Products)
......
646
378,796
Malayan
Banking
Berhad
(Banks)
......
1,067
221,100
Maxis
Berhad
(Wireless
Telecommunication
Services)(b)
..................
197
15,300
Petronas
Gas
Bhd
(Gas
Utilities)
.......
68
273,300
Press
Metal
Aluminium
Holdings
Bhd
(Metals
&
Mining)
.............
544
983,500
Public
Bank
Bhd
(Banks)(b)
..........
1,143
405,200
QL
Resources
Bhd
(Food
Products)
.....
371
347,200
SD
Guthrie
Bhd
(Food
Products)
.......
519
160,200
YTL
Corp.
Bhd
(Multi-Utilities)
.......
68
92,280
YTL
Power
International
Bhd
(Multi-
Utilities)
....................
69
5,966
Mexico
—
1.26%
862,065
America
Movil
SAB
de
CV,
Class
B
(Wireless
Telecommunication
Services)
....................
1,096
712,108
Cemex
SAB
de
CV
(Construction
Materials)
817
38,113
Coca-Cola
Femsa
SAB
de
CV
(Beverages)
372
156,300
Fibra
Uno
Administracion
SA
de
CV
(Diversified
REITs)(b)
..........
254
85,025
Fomento
Economico
Mexicano
SAB
de
CV
(Beverages)
..................
939
3,542
Grupo
Aeroportuario
del
Centro
Norte
SAB
de
CV,
Class
B
(Transportation
Infrastructure)
................
51
19,755
Grupo
Aeroportuario
del
Pacifico
SAB
de
CV,
Class
B
(Transportation
Infrastructure)
................
487
12,517
Grupo
Aeroportuario
del
Sureste
SAB
de
CV,
Class
B
(Transportation
Infrastructure)
................
422
77,103
Grupo
Bimbo
SAB
de
CV,
Class
A
(Food
Products)
....................
259
8,482
Grupo
Carso
SAB
de
CV,
Series
A1,
Class
A1
(Industrial
Conglomerates)
....
64
130,998
Grupo
Financiero
Banorte
SAB
de
CV,
Class
O
(Banks)
...............
1,453
148,203
Grupo
Mexico
SAB
de
CV,
Class
B
(Metals
&
Mining)
...................
1,587
9,487
Industrias
Penoles
SAB
de
CV
(Metals
&
Mining)(a)
...................
422
203,136
Kimberly-Clark
de
Mexico
SAB
de
CV,
Class
A
(Household
Products)
.....
481
58,663
Prologis
Property
Mexico
SA
de
CV
(Industrial
REITs)(b)
...........
256
102,503
Sigma
Foods
SAB
de
CV,
Class
A
(Food
Products)
....................
102
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Mexico
(continued)
94,863
Wal-Mart
de
Mexico
SAB
de
CV
(Consumer
Staples
Distribution
&
Retail)
......................
$
308
9,370
Netherlands
—
0.29%
23,686
JBS
N.V.,
Class
A
(Food
Products)(a)
...
425
23,068
NEPI
Rockcastle
N.V.
(Real
Estate
Management
&
Development)(a)(b)
185
33,550
Prosus
N.V.
(Broadline
Retail)(a)(b)
....
1,554
2,164
Peru
—
0.19%
8,265
Cia
de
Minas
Buenaventura
SAA,
ADR
(Metals
&
Mining)
.............
298
3,247
Credicorp
Ltd.
(Banks)
..............
1,101
1,399
Philippines
—
0.19%
393,000
Ayala
Land,
Inc.
(Real
Estate
Management
&
Development)(b)
............
105
40,710
International
Container
Terminal
Services,
Inc.
(Transportation
Infrastructure)(b)
462
22,670
Jollibee
Foods
Corp.
(Hotels,
Restaurants
&
Leisure)
....................
66
360,043
Metropolitan
Bank
&
Trust
Co.
(Banks)
..
376
8,360
PLDT,
Inc.
(Wireless
Telecommunication
Services)
....................
179
24,493
SM
Investments
Corp.
(Industrial
Conglomerates)
...............
250
1,438
Poland
—
0.68%
34,273
Allegro.eu
SA
(Broadline
Retail)(a)(b)
...
246
2,219
Asseco
Poland
SA
(Software)
.........
102
11,168
Bank
Polska
Kasa
Opieki
SA
(Banks)(b)
.
662
421
Budimex
SA
(Construction
&
Engineering)
(b)
........................
76
3,287
CD
Projekt
SA
(Entertainment)
........
212
24,800
Dino
Polska
SA
(Consumer
Staples
Distribution
&
Retail)(a)(b)
......
224
5,650
KGHM
Polska
Miedz
SA
(Metals
&
Mining)(a)
...................
413
50
LPP
SA
(Textiles,
Apparel
&
Luxury
Goods)
303
184
mBank
SA
(Banks)(a)
...............
54
28,478
ORLEN
SA
(Oil,
Gas
&
Consumable
Fuels)
1,032
62,776
PGE
Polska
Grupa
Energetyczna
SA
(Electric
Utilities)(a)
...........
178
44,998
Powszechna
Kasa
Oszczednosci
Bank
Polski
SA
(Banks)
.............
1,064
28,575
Powszechny
Zaklad
Ubezpieczen
SA
(Insurance)(b)
................
498
5,064
96
HC
CAPITAL
TRUST
The
Emerging
Markets
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Qatar
—
0.41%
548,684
Al
Rayan
Bank
(Banks)
.............
$
329
46,759
Industries
Qatar
QSC
(Industrial
Conglomerates)
...............
137
185,247
Mesaieed
Petrochemical
Holding
Co.
(Chemicals)
..................
56
121,012
Qatar
Fuel
QSC
(Oil,
Gas
&
Consumable
Fuels)
......................
481
55,762
Qatar
International
Islamic
Bank
QSC
(Banks)
.....................
171
110,312
Qatar
Islamic
Bank
QPSC
(Banks)
.....
689
191,806
Qatar
National
Bank
QPSC
(Banks)
.....
898
262,564
The
Commercial
Bank
PSQC
(Banks)
...
308
3,069
Russia
—
0.00%
877,850
Gazprom
PJSC
(Oil,
Gas
&
Consumable
Fuels)(a)(c)
..................
—
280,855
Gazprom
PJSC,
ADR
(Oil,
Gas
&
Consumable
Fuels)(a)(c)
.........
—
23,471
LUKOIL
PJSC
(Oil,
Gas
&
Consumable
Fuels)(a)(c)
..................
—
32,986
LUKOIL
PJSC
(Oil,
Gas
&
Consumable
Fuels)(a)(c)
..................
—
766,486
Moscow
Exchange
MICEX-RTS
PJSC
(Capital
Markets)(a)(c)
..........
—
102,050
Novatek
PJSC
(Oil,
Gas
&
Consumable
Fuels)(a)(c)
..................
—
37,340
Polyus
PJSC
(Metals
&
Mining)(a)(c)
...
—
357,956
Sberbank
of
Russia
PJSC
(Banks)(a)(c)
..
—
113,164
Severstal
PAO,
GDR
(Metals
&
Mining)(a)
(c)
........................
—
125,880
Tatneft
PJSC
(Oil,
Gas
&
Consumable
Fuels)(a)(c)
..................
—
7,712
T-
Tekhnologii
MKPAO,
GDR
(Banks)(a)(c)
—
162,920
VTB
Bank
PJSC
(Banks)(a)(c)
........
—
—
Saudi
Arabia
—
2.02%
7,910
ACWA
Power
Co.
(Independent
Power
and
Renewable
Electricity
Producers)(a)
367
7,737
Ades
Holding
Co.
(Energy
Equipment
&
Services)
....................
37
92,929
Al
Rajhi
Bank
(Banks)
..............
2,648
60,828
Alinma
Bank
(Banks)
...............
471
21,681
Almarai
Co.
JSC
(Food
Products)
......
253
39,306
Bank
AlBilad
(Banks)
...............
287
92,749
Banque
Saudi
Fransi
(Banks)
.........
495
6,816
Bupa
Arabia
for
Cooperative
Insurance
Co.
(Insurance)
..................
325
45,353
Dar
Al
Arkan
Real
Estate
Development
Co.
(Real
Estate
Management
&
Development)(a)
..............
220
4,588
Dr.
Sulaiman
Al
Habib
Medical
Services
Group
Co.
(Health
Care
Providers
&
Services)
....................
315
1,587
Elm
Co.
(IT
Services)
...............
228
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Saudi
Arabia
(continued)
10,430
Etihad
Etisalat
Co.
(Wireless
Telecommunication
Services)
.....
$
182
27,800
Jabal
Omar
Development
Co.
(Hotels,
Restaurants
&
Leisure)(a)
........
119
13,316
Jarir
Marketing
Co.
(Specialty
Retail)
...
50
7,853
Makkah
Construction
&
Development
Co.
(Real
Estate
Management
&
Development)
................
178
75,321
Riyad
Bank
(Banks)
................
597
17,517
SABIC
Agri-Nutrients
Co.
(Chemicals)
..
673
2,682
SAL
Saudi
Logistics
Services
(Air
Freight
&
Logistics)
.................
119
69,896
Saudi
Arabian
Mining
Co.
(Metals
&
Mining)(a)
...................
1,208
223,723
Saudi
Arabian
Oil
Co.
(Oil,
Gas
&
Consumable
Fuels)(b)
..........
1,620
56,792
Saudi
Awwal
Bank
(Banks)(b)
.........
568
49,889
Saudi
Basic
Industries
Corp.
(Chemicals)
.
797
5,440
Saudi
Tadawul
Group
Holding
Co.
(Capital
Markets)
....................
201
103,456
Saudi
Telecom
Co.
(Diversified
Telecommunication
Services)
.....
1,173
7,563
The
Co.
for
Cooperative
Insurance
(Insurance)
..................
260
139,474
The
Saudi
National
Bank
(Banks)
......
1,575
14,966
Singapore
—
0.19%
28,350
Trip.com
Group
Ltd.
(Hotels,
Restaurants
&
Leisure)(a)
..................
1,401
South
Africa
—
2.03%
37,547
Absa
Group
Ltd.
(Banks)
............
541
29,107
Bid
Corp.
Ltd.
(Consumer
Staples
Distribution
&
Retail)
...........
701
28,369
Bidvest
Group
Ltd.
(Industrial
Conglomerates)
...............
382
4,054
Capitec
Bank
Holdings
Ltd.
(Banks)
....
996
1,981
Clicks
Group
Ltd.
(Consumer
Staples
Distribution
&
Retail)(b)
........
34
34,726
Discovery
Ltd.
(Insurance)(b)
.........
510
250,766
FirstRand
Ltd.
(Financial
Services)
.....
1,284
41,150
Gold
Fields
Ltd.
(Metals
&
Mining)(b)
..
1,893
25,759
Harmony
Gold
Mining
Co.
Ltd.
(Metals
&
Mining)
.....................
394
40,774
Impala
Platinum
Holdings
Ltd.
(Metals
&
Mining)
.....................
580
81,534
MTN
Group
Ltd.
(Wireless
Telecommunication
Services)(b)
...
952
49,090
Naspers
Ltd.,
Class
N
(Broadline
Retail)
.
2,541
20,893
Nedbank
Group
Ltd.
(Banks)(b)
.......
330
16,220
Northam
Platinum
Holdings
Ltd.
(Metals
&
Mining)
.....................
331
179,200
Pepkor
Holdings
Ltd.
(Specialty
Retail)(b)
241
15,002
Remgro
Ltd.
(Financial
Services)
......
167
97
HC
CAPITAL
TRUST
The
Emerging
Markets
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
South
Africa
(continued)
34,236
Sanlam
Ltd.
(Insurance)(b)
...........
$
180
30,208
Sasol
Ltd.
(Chemicals)(a)
............
399
9,822
Shoprite
Holdings
Ltd.
(Consumer
Staples
Distribution
&
Retail)
...........
161
132,272
Sibanye
Stillwater
Ltd.
(Metals
&
Mining)
406
57,035
Standard
Bank
Group
Ltd.
(Banks)
.....
1,033
12,097
Valterra
Platinum
Ltd.
(Metals
&
Mining)
1,017
15,073
South
Korea
—
10.14%
1,319
Amorepacific
Corp.
(Personal
Care
Products)
....................
122
7,102
Celltrion
,
Inc.
(Biotechnology)(b)
......
950
2,314
DB
Insurance
Co.
Ltd.
(Insurance)(b)
...
260
377
Doosan
Co.
Ltd.
(Industrial
Conglomerates)
274
20,373
Doosan
Enerbility
Co.
Ltd.
(Electrical
Equipment)(a)(b)
..............
1,281
2,331
Ecopro
BM
Co.
Ltd.
(Electrical
Equipment)
305
4,611
Ecopro
Co.
Ltd.
(Electrical
Equipment)(a)
445
14,221
Hana
Financial
Group,
Inc.
(Banks)
.....
1,037
2,925
Hankook
Tire
&
Technology
Co.
Ltd.
(Automobile
Components)
.......
108
1,522
Hanwha
Aerospace
Co.
Ltd.
(Aerospace
&
Defense)
....................
1,298
6,532
Hanwha
Ocean
Co.
Ltd.
(Machinery)(a)(b)
538
1,984
HD
Korea
Shipbuilding
&
Offshore
Engineering
Co.
Ltd.
(Machinery)
..
460
5,268
HLB,
Inc.
(Health
Care
Equipment
&
Supplies)(a)
..................
174
15,344
HMM
Co.
Ltd.
(Marine
Transportation)
..
201
251
Hyosung
Heavy
Industries
Corp.
(Electrical
Equipment)
..................
424
3,701
Hyundai
Engineering
&
Construction
Co.
Ltd.
(Construction
&
Engineering)
..
361
1,321
Hyundai
Glovis
Co.
Ltd.
(Air
Freight
&
Logistics)
...................
188
2,758
Hyundai
Mobis
Co.
Ltd.
(Automobile
Components)
.................
712
5,635
Hyundai
Motor
Co.
(Automobiles)
.....
1,736
1,647
Hyundai
Motor
Co.,
Preference
Shares
(Automobiles)
................
258
2,129
Hyundai
Motor
Co.,
Preference
Shares
(Automobiles)
................
337
11,325
Industrial
Bank
of
Korea
(Banks)
......
164
14,374
Kakao
Corp.
(Interactive
Media
&
Services)
(b)
........................
444
11,697
KakaoBank
Corp.
(Banks)
...........
191
17,612
KB
Financial
Group,
Inc.
(Banks)
......
1,729
10,785
Kia
Corp.
(Automobiles)
............
1,065
2,874
Korea
Aerospace
Industries
Ltd.
(Aerospace
&
Defense)
..................
325
11,761
Korea
Electric
Power
Corp.
(Electric
Utilities)
....................
334
1,214
Korea
Investment
Holdings
Co.
Ltd.
(Capital
Markets)
..............
169
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
South
Korea
(continued)
1,272
Krafton
,
Inc.
(Entertainment)(a)
.......
$
218
4,968
KT&G
Corp.
(Tobacco)(b)
...........
534
5,615
LG
Chem
Ltd.
(Chemicals)
...........
1,148
7,266
LG
Corp.
(Industrial
Conglomerates)(b)
..
411
18,775
LG
Display
Co.
Ltd.
(Electronic
Equipment,
Instruments
&
Components)(a)
....
138
4,131
LG
Electronics,
Inc.
(Household
Durables)
300
2,191
LG
Energy
Solution
Ltd.
(Electrical
Equipment)(a)
................
600
564
LIG
Nex1
Co.
Ltd.
(Aerospace
&
Defense)
(b)
........................
233
742
LS
Electric
Co.
Ltd.
(Electrical
Equipment)
371
9,727
Mirae
Asset
Securities
Co.
Ltd.
(Capital
Markets)
....................
412
6,311
NAVER
Corp.
(Interactive
Media
&
Services)
....................
859
1,796
POSCO
Future
M
Co.
Ltd.
(Electrical
Equipment)
..................
248
3,634
POSCO
Holdings,
Inc.
(Metals
&
Mining)
818
2,263
Posco
International
Corp.
(Trading
Companies
&
Distributors)
.......
106
527
Samsung
Biologics
Co.
Ltd.
(Life
Sciences
Tools
&
Services)(a)(b)
.........
540
15,245
Samsung
C&T
Corp.
(Industrial
Conglomerates)
...............
2,672
2,595
Samsung
Electro-Mechanics
Co.
Ltd.
(Electronic
Equipment,
Instruments
&
Components)
.................
744
213,358
Samsung
Electronics
Co.
Ltd.
(Technology
Hardware,
Storage
&
Peripherals)
..
24,963
37,021
Samsung
Electronics
Co.
Ltd.,
Preference
Shares
(Technology
Hardware,
Storage
&
Peripherals)
................
2,989
1,502
Samsung
Fire
&
Marine
Insurance
Co.
Ltd.
(Insurance)
..................
450
32,621
Samsung
Heavy
Industries
Co.
Ltd.
(Machinery)(a)
...............
547
3,923
Samsung
Life
Insurance
Co.
Ltd.
(Insurance)
..................
566
2,866
Samsung
SDI
Co.
Ltd.
(Electronic
Equipment,
Instruments
&
Components)(a)
...............
794
948
Samsung
SDS
Co.
Ltd.
(IT
Services)
....
96
23,239
Shinhan
Financial
Group
Co.
Ltd.
(Banks)
1,385
24,632
SK
hynix
,
Inc.
(Semiconductors
&
Semiconductor
Equipment)
.......
13,980
3,140
SK
Innovation
Co.
Ltd.
(Oil,
Gas
&
Consumable
Fuels)
.............
231
4,192
SK
Square
Co.
Ltd.
(Industrial
Conglomerates)(a)
.............
1,381
2,407
SK
Telecom
Co.
Ltd.
(Wireless
Telecommunication
Services)
.....
125
5,031
SK,
Inc.
(Industrial
Conglomerates)
.....
1,034
10,357
Woori
Financial
Group,
Inc.
(Banks)
....
227
3,195
Yuhan
Corp.
(Pharmaceuticals)
........
204
75,214
98
HC
CAPITAL
TRUST
The
Emerging
Markets
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Taiwan
—
14.54%
23,000
Accton
Technology
Corp.
(Communications
Equipment)
..................
$
1,135
6,000
Advantech
Co.
Ltd.
(Technology
Hardware,
Storage
&
Peripherals)
..........
62
5,904
Airtac
International
Group
(Machinery)
..
188
4,000
Alchip
Technologies
Ltd.
(Semiconductors
&
Semiconductor
Equipment)
.....
326
153,672
ASE
Technology
Holding
Co.
Ltd.
(Semiconductors
&
Semiconductor
Equipment)
..................
1,692
243,971
Asia
Cement
Corp.
(Construction
Materials)
(b)
........................
267
15,000
Asia
Vital
Components
Co.
Ltd.
(Technology
Hardware,
Storage
&
Peripherals)
..................
991
1,000
ASPEED
Technology,
Inc.
(Semiconductors
&
Semiconductor
Equipment)
.....
345
33,000
Asustek
Computer,
Inc.
(Technology
Hardware,
Storage
&
Peripherals)
..
580
8,000
Bizlink
Holding,
Inc.
(Electrical
Equipment)
459
55,000
Caliway
Biopharmaceuticals
Co.
Ltd.
(Pharmaceuticals)(a)
...........
154
33,000
Catcher
Technology
Co.
Ltd.
(Technology
Hardware,
Storage
&
Peripherals)
..
195
304,000
Cathay
Financial
Holding
Co.
Ltd.
(Insurance)
..................
680
32,640
Chailease
Holding
Co.
Ltd.
(Financial
Services)
....................
113
18,000
Chroma
ATE,
Inc.
(Electronic
Equipment,
Instruments
&
Components)
......
864
229,000
Chunghwa
Telecom
Co.
Ltd.
(Diversified
Telecommunication
Services)
.....
955
271,000
Compal
Electronics,
Inc.
(Technology
Hardware,
Storage
&
Peripherals)
..
236
621,000
CTBC
Financial
Holding
Co.
Ltd.
(Banks)
(b)
........................
1,009
88,000
Delta
Electronics,
Inc.
(Electronic
Equipment,
Instruments
&
Components)
.................
3,969
39,000
E
Ink
Holdings,
Inc.
(Electronic
Equipment,
Instruments
&
Components)
......
170
391,500
E.Sun
Financial
Holding
Co.
Ltd.
(Banks)
389
14,000
Elite
Material
Co.
Ltd.
(Electronic
Equipment,
Instruments
&
Components)
.................
1,195
3,000
eMemory
Technology,
Inc.
(Semiconductors
&
Semiconductor
Equipment)
.....
255
77,000
Eva
Airways
Corp.
(Passenger
Airlines)
..
83
53,000
Evergreen
Marine
Corp.
Taiwan
Ltd.
(Marine
Transportation)
.........
334
147,000
Far
EasTone
Telecommunications
Co.
Ltd.
(Wireless
Telecommunication
Services)(b)
..................
425
176,300
First
Financial
Holding
Co.
Ltd.
(Banks)
.
157
121,000
Formosa
Chemicals
&
Fibre
Corp.
(Chemicals)
..................
173
126,000
Formosa
Plastics
Corp.
(Chemicals)
.....
183
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Taiwan
(continued)
8,800
Fortune
Electric
Co.
Ltd.
(Electrical
Equipment)
..................
$
225
386,997
Fubon
Financial
Holding
Co.
Ltd.
(Insurance)
..................
1,060
29,000
Gigabyte
Technology
Co.
Ltd.
(Technology
Hardware,
Storage
&
Peripherals)
..
208
4,000
Global
Unichip
Corp.
(Semiconductors
&
Semiconductor
Equipment)
.......
283
14,000
Globalwafers
Co.
Ltd.
(Semiconductors
&
Semiconductor
Equipment)
.......
191
14,000
Gold
Circuit
Electronics
Ltd.
(Electronic
Equipment,
Instruments
&
Components)
.................
395
564,000
Hon
Hai
Precision
Industry
Co.
Ltd.
(Electronic
Equipment,
Instruments
&
Components)
.................
3,448
4,000
Hon.
Precision,
Inc.
(Semiconductors
&
Semiconductor
Equipment)
.......
443
15,000
Hotai
Motor
Co.
Ltd.
(Specialty
Retail)
..
230
202,990
Hua
Nan
Financial
Holdings
Co.
Ltd.
(Banks)
.....................
213
379,671
Innolux
Corp.
(Electronic
Equipment,
Instruments
&
Components)
......
291
12,000
International
Games
System
Co.
Ltd.
(Entertainment)
...............
287
150,000
Inventec
Corp.
(Technology
Hardware,
Storage
&
Peripherals)
..........
192
4,000
Jentech
Precision
Industrial
Co.
Ltd.
(Semiconductors
&
Semiconductor
Equipment)
..................
503
957,340
KGI
Financial
Holding
Co.
Ltd.
(Insurance)
588
3,000
King
Slide
Works
Co.
Ltd.
(Technology
Hardware,
Storage
&
Peripherals)
..
311
50,000
King
Yuan
Electronics
Co.
Ltd.
(Semiconductors
&
Semiconductor
Equipment)
..................
428
5,000
Largan
Precision
Co.
Ltd.
(Electronic
Equipment,
Instruments
&
Components)
.................
343
92,554
Lite-On
Technology
Corp.
(Technology
Hardware,
Storage
&
Peripherals)
..
424
4,000
Lotes
Co.
Ltd.
(Electronic
Equipment,
Instruments
&
Components)
......
267
68,962
MediaTek,
Inc.
(Semiconductors
&
Semiconductor
Equipment)
.......
3,308
1,067,475
Mega
Financial
Holding
Co.
Ltd.
(Banks)
1,296
242,000
Nan
Ya
Plastics
Corp.
(Chemicals)
......
579
33,000
Novatek
Microelectronics
Corp.
(Semiconductors
&
Semiconductor
Equipment)
..................
398
129,000
Pegatron
Corp.
(Technology
Hardware,
Storage
&
Peripherals)
..........
313
14,426
PharmaEssentia
Corp.
(Biotechnology)
..
277
124,000
Quanta
Computer,
Inc.
(Technology
Hardware,
Storage
&
Peripherals)
..
1,116
18,000
Realtek
Semiconductor
Corp.
(Semiconductors
&
Semiconductor
Equipment)
..................
274
99
HC
CAPITAL
TRUST
The
Emerging
Markets
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Taiwan
(continued)
447,424
SinoPac
Financial
Holdings
Co.
Ltd.
(Banks)
.....................
$
434
77,250
Taiwan
Cooperative
Financial
Holding
Co.
Ltd.
(Banks)
.................
57
141,000
Taiwan
Mobile
Co.
Ltd.
(Wireless
Telecommunication
Services)
.....
482
1,111,000
Taiwan
Semiconductor
Manufacturing
Co.
Ltd.
(Semiconductors
&
Semiconductor
Equipment)
.......
64,264
450,110
TCC
Group
Holdings
Co.
Ltd.
(Construction
Materials)
...................
328
51,000
Teco
Electric
and
Machinery
Co.
Ltd.
(Electrical
Equipment)
..........
100
470,369
The
Shanghai
Commercial
&
Savings
Bank
Ltd.
(Banks)
.................
577
1,154,104
TS
Financial
Holding
Co.
Ltd.
(Banks)
..
849
60,736
Unimicron
Technology
Corp.
(Electronic
Equipment,
Instruments
&
Components)
.................
889
64,000
Uni-President
Enterprises
Corp.
(Food
Products)
....................
143
500,000
United
Microelectronics
Corp.
(Semiconductors
&
Semiconductor
Equipment)
..................
896
58,000
Vanguard
International
Semiconductor
Corp.
(Semiconductors
&
Semiconductor
Equipment)
..................
215
15,000
Wan
Hai
Lines
Ltd.
(Marine
Transportation)
36
139,000
Wistron
Corp.
(Technology
Hardware,
Storage
&
Peripherals)
..........
553
5,000
Wiwynn
Corp.
(Technology
Hardware,
Storage
&
Peripherals)(b)
........
538
76,212
Yageo
Corp.
(Electronic
Equipment,
Instruments
&
Components)
......
602
93,000
Yang
Ming
Marine
Transport
Corp.
(Marine
Transportation)
...............
153
607,087
Yuanta
Financial
Holding
Co.
Ltd.
(Financial
Services)
............
863
39,000
Zhen
Ding
Technology
Holding
Ltd.
(Electronic
Equipment,
Instruments
&
Components)
.................
261
107,715
Thailand
—
0.68%
66,900
Advanced
Info
Service
PCL,
Class
F
(Wireless
Telecommunication
Services)
....................
765
203,800
Airports
of
Thailand
PCL,
Class
F
(Transportation
Infrastructure)
.....
325
117,800
Bangkok
Dusit
Medical
Services
PCL
-
NVDR
(Health
Care
Providers
&
Services)
....................
67
23,100
Bumrungrad
Hospital
PCL
-
NVDR
(Health
Care
Providers
&
Services)
.......
115
44,100
Charoen
Pokphand
Foods
PCL
-
NVDR
(Food
Products)
...............
28
108,500
CP
ALL
PCL
-
NVDR
(Consumer
Staples
Distribution
&
Retail)
...........
151
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
Thailand
(continued)
144,100
Delta
Electronics
Thailand
PCL
-
NVDR
(Electronic
Equipment,
Instruments
&
Components)
.................
$
1,172
263,202
Gulf
Development
PCL,
Class
F
(Independent
Power
and
Renewable
Electricity
Producers)
...........
479
29,803
Gulf
Development
PCL
-
NVDR,
Class
R
(Independent
Power
and
Renewable
Electricity
Producers)
...........
54
346,800
Krung
Thai
Bank
PCL,
Class
F
(Banks)
..
371
344,000
Minor
International
PCL,
Class
F
(Hotels,
Restaurants
&
Leisure)
..........
229
104,375
PTT
Exploration
&
Production
PCL,
Class
F
(Oil,
Gas
&
Consumable
Fuels)
....
504
260,400
PTT
PCL
(Oil,
Gas
&
Consumable
Fuels)
276
45,800
SCB
X
PCL
(Banks)
................
201
19,800
The
Siam
Cement
PCL
-
NVDR
(Construction
Materials)
.........
126
362,200
True
Corp
PCL,
Class
R
(Diversified
Telecommunication
Services)
.....
159
5,022
Turkey
—
0.31%
159,726
Akbank
TAS
(Banks)
...............
239
69,432
Aselsan
Elektronik
Sanayi
Ve
Ticaret
A/S
(Aerospace
&
Defense)
.........
499
27,356
BIM
Birlesik
Magazalar
A/S
(Consumer
Staples
Distribution
&
Retail)
.....
422
315,062
Eregli
Demir
ve
Celik
Fabrikalari
TAS
(Metals
&
Mining)
.............
202
1
Kardemir
Karabuk
Demir
Celik
Sanayi
ve
Ticaret
A/S
(Metals
&
Mining)(a)
..
—
37,262
KOC
Holding
A/S
(Industrial
Conglomerates)
...............
164
22,507
Turk
Hava
Yollari
AO
(Passenger
Airlines)
150
54,686
Turkcell
Iletisim
Hizmetleri
AS
(Wireless
Telecommunication
Services)
.....
131
53,765
Turkiye
Petrol
Rafinerileri
AS
(Oil,
Gas
&
Consumable
Fuels)
.............
312
239,232
Yapi
ve
Kredi
Bankasi
AS
(Banks)(a)
...
179
2,298
United
Arab
Emirates
—
0.86%
193,564
Abu
Dhabi
Commercial
Bank
PJSC
(Banks)
661
34,021
Abu
Dhabi
Islamic
Bank
PJSC
(Banks)
..
196
157,883
Abu
Dhabi
National
Oil
Co.
for
Distribution
PJSC
(Specialty
Retail)(b)
.......
164
69,985
ADNOC
Drilling
Co.
PJSC
(Energy
Equipment
&
Services)(b)
.......
99
101,455
Adnoc
Gas
PLC
(Oil,
Gas
&
Consumable
Fuels)(b)
....................
89
94,477
Air
Arabia
PJSC
(Passenger
Airlines)
....
105
189,948
Aldar
Properties
PJSC
(Real
Estate
Management
&
Development)(a)
...
411
59,352
Dubai
Electricity
&
Water
Authority
PJSC
(Multi-Utilities)
...............
44
100
HC
CAPITAL
TRUST
The
Emerging
Markets
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Value
(000)
Common
Stocks
(continued)
United
Arab
Emirates
(continued)
302,343
Dubai
Islamic
Bank
PJSC
(Banks)(a)
....
$
613
30,986
Emaar
Development
PJSC
(Real
Estate
Management
&
Development)
.....
117
311,686
Emaar
Properties
PJSC
(Real
Estate
Management
&
Development)
.....
1,020
52,445
Emirates
NBD
Bank
PJSC
(Banks)
.....
395
186,697
Emirates
Telecommunications
Group
Co.
PJSC
(Diversified
Telecommunication
Services)
....................
964
286,780
First
Abu
Dhabi
Bank
PJSC
(Banks)
....
1,361
122,403
Salik
Co.
PJSC
(Transportation
Infrastructure)
................
172
6,411
United
Kingdom
—
0.31%
23,277
Anglogold
Ashanti
PLC
(Metals
&
Mining)
2,324
United
States
—
0.22%
39,800
BeOne
Medicines
Ltd.,
Class
H
(Biotechnology)(a)
.............
893
4,494
Legend
Biotech
Corp.,
ADR
(Biotechnology)(a)
.............
81
3,928
Southern
Copper
Corp.
(Metals
&
Mining)
676
1,650
Total
Common
Stocks
(cost
$302,257
)
..
497,312
Preferred
Stock
—
0.00%
India
—
0.00%
22,008
TVS
Motor
Co.
Ltd.,
6.00%
(Automobiles)
2
Total
Preferred
Stock
(cost
$2
)
.......
2
Investment
Companies
—
32.42%
International
Equity
Funds
—
29.58%
699,855
Aberdeen
Asia
Focus
PLC
...........
3,460
20,495
Aberdeen
India
Fund,
Inc.
............
232
279,081
Aberdeen
New
India
Investment
Trust
PLC
2,373
428,928
abrdn
Emerging
Markets
ex
China
Fund,
Inc.
........................
3,127
458,848
Baillie
Gifford
China
Growth
Trust
PLC
.
1,797
39,266
Barings
Emerging
EMEA
Opportunities
PLC
.......................
387
537,690
BlackRock
Frontiers
Investment
Trust
PLC
1,210
166,281
BlackRock
Latin
American
Investment
Trust
PLC
.......................
1,002
665,296
Fidelity
China
Special
Situations
PLC
...
2,490
319,341
Fidelity
Emerging
Markets
Ltd.
........
4,755
465,332
INVESCO
Asia
Dragon
Trust
PLC
.....
2,571
5,515
iShares
MSCI
Emerging
Markets
ex
China
ETF
.......................
434
279,700
iShares
MSCI
India
ETF
.............
13,101
16,250
iShares
MSCI
South
Korea
ETF
.......
1,999
Shares
Security
Description
Value
(000)
Investment
Companies
(continued)
International
Equity
Funds
(continued)
30,478
iShares
MSCI
Taiwan
ETF
...........
$
2,161
15,733
iShares
MSCI
Taiwan
UCITS
ETF
.....
2,067
22,916
JPMorgan
Asia
Growth
&
Income
PLC
..
145
641,171
JPMorgan
China
Growth
&
Income
.....
2,356
2,941,841
JPMorgan
Emerging
Markets
Growth
&
Income
PLC
.................
5,496
47,711
JPMorgan
India
Growth
&
Income
PLC
..
517
492,678
Mobius
Investment
Trust
PLC
.........
913
133,657
Morgan
Stanley
China
A
Share
Fund,
Inc.
2,339
21,793
Morgan
Stanley
India
Investment
Fund,
Inc.
448
395,286
Pacific
Assets
Trust
PLC
.............
1,885
212,796
Pacific
Horizon
Investment
Trust
PLC
...
2,426
585,491
Schroder
AsiaPacific
Fund
PLC
........
5,162
449,661
Scottish
Oriental
Smaller
Companies
Trust
PLC
.......................
1,495
374,957
Templeton
Dragon
Fund,
Inc.
.........
3,978
110,473
Templeton
Emerging
Markets
Fund
.....
1,932
4,183,490
Templeton
Emerging
Markets
Investment
Trust
PLC
...................
13,750
94,213
The
Korea
Fund,
Inc.
...............
4,230
39,134
The
Mexico
Equity
and
Income
Fund,
Inc.
505
110,082
The
Mexico
Fund,
Inc.
..............
2,304
116,074
The
Taiwan
Fund,
Inc.
..............
7,631
890,830
The
Utilico
Emerging
Markets
Trust
PLC
.
3,224
488,440
Vanguard
FTSE
Europe
ETF
..........
40,261
385,079
VinaCapital
Vietnam
Opportunity
Fund
Ltd.
2,298
1,235
Weiss
Korea
Opportunity
Fund
Ltd.
(c)
...
—
2,232,746
Xtrackers
Harvest
CSI
300
China
A-Shares
ETF
.......................
72,876
219,337
International
Fixed
Income
—
0.24%
124,763
Aberdeen
Asian
Income
Fund
Ltd.
......
437
583,050
JPMorgan
Emerging
Markets
Dividend
Income
PLC
.................
1,334
1,771
Money
Market
Funds
—
2.60%
19,254,833
State
Street
Institutional
Treasury
Plus
Money
Market
Fund,
Trust
Class
,
3.55%(d)
....................
19,255
19,255
Total
Investment
Companies
(cost
$205,810
)
.......................
240,363
Total
Investments
(cost
$508,069
)
—
99.50%
.....................
737,677
Other
assets
in
excess
of
liabilities
—
0.50%
......................
3,744
Net
Assets
-
100.00%
..............
$
741,421
101
HC
CAPITAL
TRUST
The
Emerging
Markets
Portfolio
Portfolio
of
Investments
(concluded)
—
March
31,
2026
(Unaudited)
The
following
table
reflects
the
percentage
of
total
net
assets
of
the
Portfolio
attributable
to
each
Specialist
Manager
as
of
March
31,
2026
.
Amounts
designated
as
"—"
are
$0
or
have
been
rounded
to
$0.
^
All
or
part
of
this
security
was
on
loan
as
of
March
31,
2026.
(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,
2026.
(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
PLC
—
Public
Limited
Company
REIT—Real
Estate
Investment
Trust
The
Emerging
Markets
Portfolio
City
of
London
Investment
Management
Company,
Limited
Mellon
Investments
Corporation
Parametric
Portfolio
Associates,
LLC
Total
Common
Stocks
...............................................................................................................................
0.80
%
66.28
%
—
67.08
%
Preferred
Stock
.................................................................................................................................
—
—
—
—
%
Investment
Companies
.....................................................................................................................
12.80
%
0.07
%
19.55
%
32.42
%
Other
Assets
(Liabilities)
.................................................................................................................
0.06
%
0.27
%
0.17
%
0.50
%
Total
Net
Assets
..........................................................................................................................
13.66
%
66.62
%
19.72
%
100.00
%
The
following
table
reflects
the
open
derivative
positions
held
by
the
Portfolio
as
of
March
31,
2026
.
Futures
Contracts
Purchased
*
Description
Number
of
Contracts
Expiration
Date
Notional
Amount
(000)
Value
and
Unrealized
Appreciation/
(Depreciation)
(000)
Mini
MSCI
Emerging
Markets
Index
Future
..........
319
6/18/26
$
23,201
$
(648)
$
23,201
$
(648)
Total
Unrealized
Appreciation
.....................
$
—
Total
Unrealized
Depreciation
.....................
(648)
Total
Net
Unrealized
Appreciation/(Depreciation)
.......
$
(648)
*
Cash
has
been
pledged
as
collateral
for
futures
contracts
held
by
the
Portfolio.
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
—
March
31,
2026
(Unaudited)
102
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
Asset
Backed
Securities
—
0.18%
$
100
American
Express
Credit
Account
Master
Trust,
Series
2025-2,
Class
A
........
4.28
4/15/30
$
100
120
American
Express
Credit
Account
Master
Trust,
Series
2025-3,
Class
A
........
4.51
4/15/32
121
100
American
Express
Credit
Account
Master
Trust,
Series
2024-1,
Class
A
........
5.23
4/15/29
101
100
BA
Credit
Card
Trust,
Series
2024-A1,
Class
A
..........................
4.93
5/15/29
101
155
Capital
One
Multi-Asset
Execution
Trust,
Series
2021-A2,
Class
A2
..........
1.39
7/15/30
146
100
Capital
One
Multi-Asset
Execution
Trust,
Series
2024-A1,
Class
A
...........
3.92
9/15/29
100
125
Carmax
Auto
Owner
Trust,
Series
2025-1,
Class
A4,
Callable
11/15/28
@
100.00
.
4.95
8/15/30
127
100
Chase
Issuance
Trust,
Series
2024-A2,
Class
A
..........................
4.63
1/15/31
101
50
CNH
Equipment
Trust,
Series
2024-C,
Class
A3,
Callable
5/15/29
@
100.00
....
4.03
1/15/30
50
100
Ford
Credit
Auto
Owner
Trust,
Series
2024-C,
Class
A4,
Callable
8/15/28
@
100.00
4.11
7/15/30
100
150
Ford
Credit
Floorplan
Master
Owner
Trust
A,
Series
2018-4,
Class
A
..........
4.06
11/15/30
149
50
GM
Financial
Automobile
Leasing
Trust,
Series
2025-3,
Class
A3,
Callable
12/20/27
@
100.00
................................................
4.17
8/21/28
50
100
GM
Financial
Automobile
Leasing
Trust,
Series
2025-3,
Class
A4,
Callable
12/20/27
@
100.00
................................................
4.20
8/20/29
100
60
GM
Financial
Consumer
Automobile
Receivables
Trust,
Series
2023-1,
Class
B,
Callable
12/16/26
@
100.00
...................................
5.03
9/18/28
60
200
Harley-Davidson
Motorcycle
Trust,
Series
2024-A,
Class
A4,
Callable
11/15/27
@
100.00
...................................................
5.29
12/15/31
203
110
Honda
Auto
Receivables
Owner
Trust,
Series
2023-3,
Class
A4,
Callable
12/18/26
@
100.00
...................................................
5.30
12/18/29
111
200
Hyundai
Auto
Receivables
Trust,
Series
2025-C,
Class
A3,
Callable
8/15/29
@
100.00
...................................................
3.88
4/15/30
199
110
Mercedes-Benz
Auto
Lease
Trust,
Series
2025-A,
Class
A4,
Callable
5/15/28
@
100.00
...................................................
4.69
2/18/31
111
220
Santander
Drive
Auto
Receivables
Trust,
Series
2025-4,
Class
A3,
Callable
8/15/29
@
100.00
................................................
4.17
4/15/30
221
160
Synchrony
Card
Funding
LLC,
Series
2024-A1,
Class
A
...................
5.04
3/15/30
161
100
Synchrony
Card
Issuance
Trust,
Series
2025-A3,
Class
A
...................
4.06
11/15/31
100
215
Toyota
Auto
Receivables
Owner
Trust,
Series
2024-A,
Class
A4,
Callable
1/15/28
@
100.00
...................................................
4.77
4/16/29
217
25
Toyota
Auto
Receivables
Owner
Trust,
Series
2024-C,
Class
A4,
Callable
5/15/28
@
100.00
...................................................
4.83
11/15/29
25
250
Verizon
Master
Trust,
Series
2024-6,
Class
A1A,
Callable
8/20/27
@
100.00
.....
4.17
8/20/30
251
120
Verizon
Master
Trust,
Series
2025-1,
Class
A,
Callable
1/20/28
@
100.00
.......
4.71
1/21/31
121
200
Volkswagen
Auto
Lease
Trust,
Series
2025-A,
Class
A3,
Callable
11/20/27
@
100.00
4.50
6/20/28
201
100
World
Omni
Auto
Receivables
Trust,
Series
2025-A,
Class
A4,
Callable
4/15/28
@
100.00
...................................................
4.86
11/15/30
101
Total
Asset
Backed
Securities
(cost
$3,433)
...........................
3,428
Collateralized
Mortgage-Backed
Securities
—
0.68%
150
BANK,
Series
2020-BN26,
Class
A4,
Callable
3/15/30
@
100.00
.............
2.40
3/15/63
137
300
BANK,
Series
2021-BN37,
Class
A5,
Callable
11/15/31
@
100.00
............
2.62(a)
11/15/64
267
120
BANK,
Series
2019-BN21,
Class
A5,
Callable
10/15/29
@
100.00
............
2.85
10/17/52
112
100
BANK,
Series
2019-BN19,
Class
A3,
Callable
7/15/29
@
100.00
.............
3.18
8/15/61
95
300
BANK,
Series
2018-BN10,
Class
A5,
Callable
2/15/28
@
100.00
.............
3.69
2/15/61
295
100
BANK,
Series
2019-BN17,
Class
A4,
Callable
4/15/29
@
100.00
.............
3.71
4/15/52
98
175
BANK,
Series
2022-BNK41,
Class
A4
................................
3.79(a)
4/15/65
166
100
BANK,
Series
2019-BN16,
Class
AS,
Callable
2/15/29
@
100.00
............
4.27
2/15/52
98
25
BANK,
Series
2024-5YR12,
Class
A2,
Callable
12/15/29
@
100.00
...........
5.42
12/15/57
26
150
BANK,
Series
2024-5YR8,
Class
AS,
Callable
8/15/29
@
100.00
............
6.38(a)
8/15/57
155
80
BBCMS
Mortgage
Trust,
Series
2020-C7,
Class
AS,
Callable
4/15/30
@
100.00
..
2.44
4/15/53
69
400
BBCMS
Mortgage
Trust,
Series
2022-C15,
Class
A5,
Callable
4/15/32
@
100.00
.
3.66(a)
4/15/55
369
50
BBCMS
Mortgage
Trust,
Series
2024-5C29,
Class
A3,
Callable
9/15/29
@
100.00
5.21
9/15/57
51
150
BBCMS
Mortgage
Trust,
Series
2024-C28,
Class
A5,
Callable
8/15/34
@
100.00
.
5.40
9/15/57
154
60
BBCMS
Mortgage
Trust,
Series
2023-C21,
Class
A5,
Callable
9/15/33
@
100.00
.
6.00(a)
9/15/56
64
125
BBCMS
Mortgage
Trust,
Series
2023-C22,
Class
A5,
Callable
10/15/33
@
100.00
6.80(a)
11/15/56
137
103
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
Collateralized
Mortgage-Backed
Securities
(continued)
$
165
Benchmark
Mortgage
Trust,
Series
2021-B25,
Class
ASB,
Callable
4/15/31
@
100.00
...................................................
2.27
4/15/54
$
156
110
Benchmark
Mortgage
Trust,
Series
2020-IG1,
Class
AS,
Callable
1/15/30
@
100.00
2.91(a)
9/15/43
92
200
Benchmark
Mortgage
Trust,
Series
2022-B33,
Class
A5,
Callable
3/15/32
@
100.00
3.46
3/15/55
183
260
Benchmark
Mortgage
Trust,
Series
2019-B9,
Class
A5,
Callable
2/15/29
@
100.00
4.02
3/15/52
254
200
Benchmark
Mortgage
Trust,
Series
2018-B6,
Class
A4,
Callable
10/10/28
@
100.00
4.26
10/10/51
197
150
Benchmark
Mortgage
Trust,
Series
2024-V8,
Class
A3,
Callable
7/15/29
@
100.00
6.19(a)
7/15/57
157
125
Benchmark
Mortgage
Trust,
Series
2024-V11,
Class
AM,
Callable
11/15/29
@
100.00
...................................................
6.20(a)
11/15/57
130
150
BMO
Mortgage
Trust,
Series
2025-C11,
Class
ASB,
Callable
2/15/35
@
100.00
..
5.68
2/15/58
157
125
BMO
Mortgage
Trust,
Series
2025-C11,
Class
A5,
Callable
2/15/35
@
100.00
...
5.69
2/15/58
130
286
BMO
Mortgage
Trust,
Series
2024-5C4,
Class
A3,
Callable
5/15/29
@
100.00
...
6.53(a)
5/15/57
299
115
Citigroup
Commercial
Mortgage
Trust,
Series
2020-GC46,
Class
AS,
Callable
2/15/30
@
100.00
..........................................
2.92
2/15/53
104
160
Citigroup
Commercial
Mortgage
Trust,
Series
2019-C7,
Class
A4,
Callable
12/15/29
@
100.00
................................................
3.10
12/15/72
151
9
Fannie
Mae-ACES,
Series
2020-M52,
Class
A2
.........................
1.32(a)
10/25/30
8
18
Fannie
Mae-ACES,
Series
2020-M14,
Class
A2
.........................
1.78
5/25/30
16
181
Fannie
Mae-ACES,
Series
2020-M8,
Class
A2
..........................
1.82
2/25/30
166
—
Fannie
Mae-ACES,
Series
2017-M7,
Class
A2
..........................
2.96(a)
2/25/27
—
137
Fannie
Mae-ACES,
Series
2022-M11,
Class
A2
.........................
2.97(a)
10/25/27
135
82
Fannie
Mae-ACES,
Series
2017-M11,
Class
A2
.........................
2.98
8/25/29
79
15
Fannie
Mae-ACES,
Series
2018-M1,
Class
A2
..........................
2.99(a)
12/25/27
14
156
Fannie
Mae-ACES,
Series
2017-M12,
Class
A2
.........................
3.07(a)
6/25/27
154
145
Fannie
Mae-ACES,
Series
2017-M15,
Class
ATS2
.......................
3.16(a)
11/25/27
143
18
Fannie
Mae-ACES,
Series
2019-M5,
Class
A2
..........................
3.27
2/25/29
17
23
Fannie
Mae-ACES,
Series
2018-M10,
Class
A2
.........................
3.37(a)
7/25/28
23
227
Fannie
Mae-ACES,
Series
2018-M14,
Class
A2
.........................
3.58(a)
8/25/28
224
149
Fannie
Mae-ACES,
Series
2019-M2,
Class
A2
..........................
3.65(a)
11/25/28
147
100
Fannie
Mae-ACES,
Series
2023-M4,
Class
A2
..........................
3.77(a)
9/25/32
97
20
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates,
Series
K112,
Class
A2,
Callable
5/25/30
@
100.00
.................................
1.31
5/25/30
18
25
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates,
Series
K116,
Class
A2,
Callable
7/25/30
@
100.00
.................................
1.38
7/25/30
22
300
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates,
Series
K117,
Class
A2,
Callable
8/25/30
@
100.00
.................................
1.41
8/25/30
267
320
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates,
Series
K-1516,
Class
A2,
Callable
5/25/35
@
100.00
.................................
1.72
5/25/35
253
47
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates,
Series
K106,
Class
A1,
Callable
10/25/29
@
100.00
................................
1.78
10/25/29
45
415
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates,
Series
K126,
Class
A2,
Callable
1/25/31
@
100.00
.................................
2.07
1/25/31
377
200
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates,
Series
K133,
Class
A2,
Callable
9/25/31
@
100.00
.................................
2.10
9/25/31
179
165
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates,
Series
K749,
Class
A2,
Callable
3/25/29
@
100.00
.................................
2.12(a)
3/25/29
156
200
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates,
Series
K749,
Class
AM,
Callable
4/25/29
@
100.00
................................
2.12
4/25/29
188
100
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates,
Series
K136,
Class
A2
.....................................................
2.13
11/25/31
89
310
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates,
Series
K-1521,
Class
A2,
Callable
8/25/36
@
100.00
.................................
2.18
8/25/36
249
30
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates,
Series
K099,
Class
A1,
Callable
6/25/29
@
100.00
.................................
2.26
6/25/29
29
163
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates,
Series
K143,
Class
A1,
Callable
4/25/32
@
100.00
.................................
2.71
4/25/55
153
75
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates,
Series
K-1514,
Class
A2,
Callable
10/25/34
@
100.00
................................
2.86
10/25/34
66
104
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
Collateralized
Mortgage-Backed
Securities
(continued)
$
200
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates,
Series
K147,
Class
A2
.....................................................
3.00(a)
6/25/32
$
185
100
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates,
Series
K092,
Class
A2,
Callable
4/25/29
@
100.00
.................................
3.30
4/25/29
98
300
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates,
Series
K091,
Class
A2
.....................................................
3.51
3/25/29
295
243
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates,
Series
K087,
Class
A2
.....................................................
3.77
12/25/28
240
170
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates,
Series
K-152,
Class
A2,
Callable
11/25/32
@
100.00
................................
3.78
11/25/32
164
75
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates,
Series
K-153,
Class
AM,
Callable
12/25/32
@
100.00
...............................
3.82
12/25/32
72
350
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates,
Series
K077,
Class
A2,
Callable
5/25/28
@
100.00
.................................
3.85
5/25/28
348
400
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates,
Series
K081,
Class
A2,
Callable
8/25/28
@
100.00
.................................
3.90(a)
8/25/28
399
65
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates,
Series
K082,
Class
A2,
Callable
9/25/28
@
100.00
.................................
3.92(a)
9/25/28
65
163
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates,
Series
K-168,
Class
A1,
Callable
10/25/34
@
100.00
................................
4.13
10/25/34
159
540
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates,
Series
K761,
Class
A2,
Callable
6/25/32
@
100.00
.................................
4.40(a)
6/25/32
542
150
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates,
Series
K-171,
Class
A2,
Callable
6/25/35
@
100.00
.................................
4.40
6/25/35
148
175
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates,
Series
K751,
Class
A2,
Callable
3/25/30
@
100.00
.................................
4.41
3/25/30
176
50
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates,
Series
K-165,
Class
A2,
Callable
9/25/34
@
100.00
.................................
4.49
9/25/34
50
140
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates,
Series
K-164,
Class
A2,
Callable
5/25/34
@
100.00
.................................
5.00
5/25/34
144
275
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates,
Series
K-162,
Class
A2,
Callable
12/25/33
@
100.00
................................
5.15
12/25/33
286
200
GS
Mortgage
Securities
Trust,
Series
2019-GC42,
Class
A4,
Callable
9/10/29
@
100.00
...................................................
3.00
9/10/52
189
100
GS
Mortgage
Securities
Trust,
Series
2020-GC45,
Class
AS,
Callable
1/13/30
@
100.00
...................................................
3.17(a)
2/13/53
93
25
GS
Mortgage
Securities
Trust,
Series
2018-GS9,
Class
A4,
Callable
3/10/28
@
100.00
...................................................
3.99(a)
3/10/51
25
100
GS
Mortgage
Securities
Trust,
Series
2018-GS10,
Class
A5,
Callable
7/10/28
@
100.00
...................................................
4.16(a)
7/10/51
99
225
Morgan
Stanley
Bank
of
America
Merrill
Lynch
Trust,
Series
2017-C33,
Class
A5,
Callable
5/15/27
@
100.00
....................................
3.60
5/15/50
223
400
Morgan
Stanley
Capital
I
Trust,
Series
2021-L7,
Class
A5,
Callable
10/15/31
@
100.00
...................................................
2.57
10/15/54
354
100
MSWF
Commercial
Mortgage
Trust,
Series
2023-1,
Class
A5,
Callable
6/15/33
@
100.00
...................................................
5.75
5/15/56
105
100
UBS
Commercial
Mortgage
Trust,
Series
2018-C9,
Class
A4,
Callable
4/15/28
@
100.00
...................................................
4.12(a)
3/15/51
98
122
Wells
Fargo
Commercial
Mortgage
Trust,
Series
2019-C53,
Class
A4,
Callable
10/15/29
@
100.00
..........................................
3.04
10/15/52
116
20
Wells
Fargo
Commercial
Mortgage
Trust,
Series
2022-C62,
Class
A4,
Callable
4/15/32
@
100.00
..........................................
4.00(a)
4/15/55
19
125
Wells
Fargo
Commercial
Mortgage
Trust,
Series
2018-C47,
Class
A4,
Callable
10/15/28
@
100.00
..........................................
4.44
9/15/61
125
200
Wells
Fargo
Commercial
Mortgage
Trust,
Series
2025-C64,
Class
A5,
Callable
2/15/35
@
100.00
..........................................
5.65
2/15/58
208
105
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
Collateralized
Mortgage-Backed
Securities
(continued)
$
100
Wells
Fargo
Commercial
Mortgage
Trust,
Series
2025-5C3,
Class
AS,
Callable
1/15/30
@
100.00
..........................................
6.39(a)
1/15/58
$
105
Total
Collateralized
Mortgage-Backed
Securities
(cost
$13,343)
...........
12,747
U.S.
Government
Agency
Mortgages
—
11.30%
215
Fannie
Mae,
Pool
#BQ3141
.......................................
1.50
10/1/35
195
327
Fannie
Mae,
Pool
#CA7695
.......................................
1.50
11/1/50
252
116
Fannie
Mae,
Pool
#MA4310
.......................................
1.50
4/1/41
97
364
Fannie
Mae,
Pool
#MA4280
.......................................
1.50
3/1/51
280
332
Fannie
Mae,
Pool
#MA4304
.......................................
1.50
4/1/51
256
380
Fannie
Mae,
Pool
#MA4354
.......................................
1.50
6/1/51
293
272
Fannie
Mae,
Pool
#MA4417
.......................................
1.50
9/1/36
244
294
Fannie
Mae,
Pool
#MA4236
.......................................
1.50
1/1/51
227
165
Fannie
Mae,
Pool
#CB0711
........................................
1.50
6/1/51
128
347
Fannie
Mae,
Pool
#FM6579
.......................................
1.50
3/1/51
270
138
Fannie
Mae,
Pool
#MA4386
.......................................
1.50
7/1/41
116
88
Fannie
Mae,
Pool
#MA4445
.......................................
1.50
10/1/41
74
394
Fannie
Mae,
Pool
#MA4397
.......................................
1.50
8/1/51
304
286
Fannie
Mae,
Pool
#MA4266
.......................................
1.50
2/1/41
241
72
Fannie
Mae,
Pool
#BT2055
........................................
1.50
3/1/37
65
245
Fannie
Mae,
Pool
#CB0310
.......................................
1.50
4/1/36
220
89
Fannie
Mae,
Pool
#MA4122
.......................................
1.50
9/1/35
81
309
Fannie
Mae,
Pool
#MA4441
.......................................
1.50
10/1/36
279
64
Fannie
Mae,
Pool
#MA4286
.......................................
1.50
3/1/41
54
12
Fannie
Mae,
Pool
#MA4205
.......................................
1.50
12/1/35
11
375
Fannie
Mae,
Pool
#MA4343
.......................................
1.50
5/1/51
288
33
Fannie
Mae,
Pool
#FS2037
........................................
1.50
5/1/37
30
148
Fannie
Mae,
Pool
#MA4302
.......................................
1.50
4/1/36
134
192
Fannie
Mae,
Pool
#BQ5781
.......................................
1.50
11/1/35
174
17
Fannie
Mae,
Pool
#MA4181
.......................................
1.50
11/1/50
13
234
Fannie
Mae,
Pool
#CA7696
.......................................
1.50
11/1/50
181
51
Fannie
Mae,
Pool
#MA4342
.......................................
1.50
5/1/41
43
107
Fannie
Mae,
Pool
#FM9249
.......................................
1.50
10/1/41
90
226
Fannie
Mae,
Pool
#FS1327
........................................
1.50
6/1/36
204
9
Fannie
Mae,
Pool
#BJ4362
........................................
2.00
11/1/32
8
360
Fannie
Mae,
Pool
#MA4182
.......................................
2.00
11/1/50
292
336
Fannie
Mae,
Pool
#CA7833
.......................................
2.00
11/1/50
277
296
Fannie
Mae,
Pool
#FM6555
.......................................
2.00
4/1/51
242
150
Fannie
Mae,
Pool
#MA4176
.......................................
2.00
11/1/40
133
429
Fannie
Mae,
Pool
#FM7411
.......................................
2.00
5/1/51
345
378
Fannie
Mae,
Pool
#CB2840
.......................................
2.00
2/1/52
310
220
Fannie
Mae,
Pool
#MA4119
.......................................
2.00
9/1/50
179
194
Fannie
Mae,
Pool
#FM5044
.......................................
2.00
12/1/50
159
240
Fannie
Mae,
Pool
#MA4208
.......................................
2.00
12/1/50
195
383
Fannie
Mae,
Pool
#BK8461
.......................................
2.00
1/1/51
311
374
Fannie
Mae,
Pool
#CA8252
.......................................
2.00
12/1/45
305
383
Fannie
Mae,
Pool
#MA4158
.......................................
2.00
10/1/50
311
417
Fannie
Mae,
Pool
#CB3102
.......................................
2.00
3/1/52
342
364
Fannie
Mae,
Pool
#FM9579
.......................................
2.00
7/1/51
295
84
Fannie
Mae,
Pool
#CA8687
.......................................
2.00
1/1/51
68
141
Fannie
Mae,
Pool
#MA4303
.......................................
2.00
4/1/36
130
333
Fannie
Mae,
Pool
#MA4255
.......................................
2.00
2/1/51
270
427
Fannie
Mae,
Pool
#FM4788
.......................................
2.00
11/1/50
348
81
Fannie
Mae,
Pool
#MA4155
.......................................
2.00
10/1/35
75
165
Fannie
Mae,
Pool
#FM4039
.......................................
2.00
10/1/35
153
220
Fannie
Mae,
Pool
#FM3755
.......................................
2.00
9/1/35
203
15
Fannie
Mae,
Pool
#CA7225
.......................................
2.00
10/1/50
13
6
Fannie
Mae,
Pool
#AY4232
.......................................
2.00
5/1/30
5
106
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
430
Fannie
Mae,
Pool
#MA4413
.......................................
2.00
9/1/51
$
349
280
Fannie
Mae,
Pool
#MA4602
.......................................
2.00
5/1/37
257
290
Fannie
Mae,
Pool
#CA7799
.......................................
2.00
11/1/50
235
324
Fannie
Mae,
Pool
#MA4536
.......................................
2.00
2/1/37
298
251
Fannie
Mae,
Pool
#MA4403
.......................................
2.00
8/1/36
232
23
Fannie
Mae,
Pool
#MA4333
.......................................
2.00
5/1/41
20
380
Fannie
Mae,
Pool
#BT0240
........................................
2.00
9/1/51
309
383
Fannie
Mae,
Pool
#FM4969
.......................................
2.00
12/1/50
313
408
Fannie
Mae,
Pool
#BR0948
.......................................
2.00
4/1/51
331
341
Fannie
Mae,
Pool
#CB1620
.......................................
2.00
9/1/51
276
444
Fannie
Mae,
Pool
#BR4094
.......................................
2.00
1/1/51
362
47
Fannie
Mae,
Pool
#BU8781
.......................................
2.00
4/1/37
44
272
Fannie
Mae,
Pool
#CA7224
.......................................
2.00
10/1/50
222
107
Fannie
Mae,
Pool
#MA4287
.......................................
2.00
3/1/41
93
411
Fannie
Mae,
Pool
#BQ5112
.......................................
2.00
11/1/50
335
349
Fannie
Mae,
Pool
#MA4305
.......................................
2.00
4/1/51
283
30
Fannie
Mae,
Pool
#FM9724
.......................................
2.00
11/1/36
28
339
Fannie
Mae,
Pool
#MA4281
.......................................
2.00
3/1/51
275
100
Fannie
Mae,
Pool
#FM5453
.......................................
2.00
1/1/41
88
327
Fannie
Mae,
Pool
#MA4237
.......................................
2.00
1/1/51
266
90
Fannie
Mae,
Pool
#FS0317
........................................
2.00
2/1/42
77
371
Fannie
Mae,
Pool
#CA8933
.......................................
2.00
2/1/51
304
85
Fannie
Mae,
Pool
#MA4474
.......................................
2.00
11/1/41
74
245
Fannie
Mae,
Pool
#CA9183
.......................................
2.00
2/1/36
227
296
Fannie
Mae,
Pool
#BP9370
........................................
2.00
7/1/50
241
330
Fannie
Mae,
Pool
#BQ3004
.......................................
2.00
10/1/50
269
272
Fannie
Mae,
Pool
#BQ7777
.......................................
2.00
3/1/36
250
328
Fannie
Mae,
Pool
#BQ8341
.......................................
2.00
12/1/50
267
17
Fannie
Mae,
Pool
#CA8893
.......................................
2.00
2/1/51
13
5
Fannie
Mae,
Pool
#AS0001
........................................
2.00
7/1/28
5
155
Fannie
Mae,
Pool
#BQ5160
.......................................
2.00
12/1/50
126
340
Fannie
Mae,
Pool
#CA8850
.......................................
2.00
2/1/51
277
324
Fannie
Mae,
Pool
#BQ9685
.......................................
2.00
1/1/51
263
263
Fannie
Mae,
Pool
#BU7103
.......................................
2.00
12/1/51
212
33
Fannie
Mae,
Pool
#AS1058
........................................
2.00
11/1/28
32
315
Fannie
Mae,
Pool
#MA4128
.......................................
2.00
9/1/40
274
125
Fannie
Mae,
Pool
#BP6626
........................................
2.00
8/1/50
102
429
Fannie
Mae,
Pool
#MA4511
.......................................
2.00
1/1/52
347
24
Fannie
Mae,
Pool
#MA4093
.......................................
2.00
8/1/40
21
32
Fannie
Mae,
Pool
#MA4071
.......................................
2.00
7/1/40
29
366
Fannie
Mae,
Pool
#MA4378
.......................................
2.00
7/1/51
297
228
Fannie
Mae,
Pool
#BR4435
.......................................
2.00
4/1/51
185
189
Fannie
Mae,
Pool
#CA8118
.......................................
2.00
12/1/50
155
18
Fannie
Mae,
Pool
#FM6559
.......................................
2.00
3/1/51
15
231
Fannie
Mae,
Pool
#MA4325
.......................................
2.00
5/1/51
187
5
Fannie
Mae,
Pool
#CA0052
.......................................
2.00
7/1/32
5
263
Fannie
Mae,
Pool
#BR2176
.......................................
2.00
7/1/36
242
214
Fannie
Mae,
Pool
#MA4355
.......................................
2.00
6/1/51
174
2
Fannie
Mae,
Pool
#AS2673
........................................
2.00
5/1/29
2
366
Fannie
Mae,
Pool
#FM9441
.......................................
2.00
4/1/51
298
211
Fannie
Mae,
Pool
#MA4437
.......................................
2.00
10/1/51
171
339
Fannie
Mae,
Pool
#FM5308
.......................................
2.00
12/1/50
276
358
Fannie
Mae,
Pool
#CA8110
.......................................
2.00
12/1/50
293
272
Fannie
Mae,
Pool
#MA4360
.......................................
2.00
6/1/36
251
117
Fannie
Mae,
Pool
#MA4204
.......................................
2.00
12/1/40
103
351
Fannie
Mae,
Pool
#CB0684
.......................................
2.00
6/1/51
286
351
Fannie
Mae,
Pool
#FM6448
.......................................
2.00
3/1/51
288
299
Fannie
Mae,
Pool
#FM6852
.......................................
2.00
5/1/51
246
387
Fannie
Mae,
Pool
#CA9273
.......................................
2.00
2/1/51
313
107
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
244
Fannie
Mae,
Pool
#FS1621
........................................
2.00
7/1/51
$
198
279
Fannie
Mae,
Pool
#MA4442
.......................................
2.00
10/1/36
257
22
Fannie
Mae,
Pool
#MA2906
.......................................
2.00
2/1/32
21
172
Fannie
Mae,
Pool
#CB0497
.......................................
2.00
5/1/51
141
373
Fannie
Mae,
Pool
#FS1334
........................................
2.00
11/1/51
301
363
Fannie
Mae,
Pool
#CB0325
.......................................
2.00
4/1/51
294
228
Fannie
Mae,
Pool
#FS0355
........................................
2.00
9/1/51
183
21
Fannie
Mae,
Pool
#MA1277
.......................................
2.50
12/1/27
21
216
Fannie
Mae,
Pool
#FM3494
.......................................
2.50
4/1/48
188
18
Fannie
Mae,
Pool
#MA1210
.......................................
2.50
10/1/27
18
23
Fannie
Mae,
Pool
#AT2717
........................................
2.50
5/1/43
21
10
Fannie
Mae,
Pool
#AO3019
.......................................
2.50
5/1/27
10
289
Fannie
Mae,
Pool
#BQ5110
.......................................
2.50
11/1/50
245
373
Fannie
Mae,
Pool
#CB2523
.......................................
2.50
1/1/52
318
19
Fannie
Mae,
Pool
#CA6074
.......................................
2.50
6/1/50
17
199
Fannie
Mae,
Pool
#CA6304
.......................................
2.50
7/1/50
170
20
Fannie
Mae,
Pool
#AS8246
........................................
2.50
11/1/31
19
10
Fannie
Mae,
Pool
#AS8437
........................................
2.50
12/1/36
9
196
Fannie
Mae,
Pool
#MA4517
.......................................
2.50
1/1/37
185
83
Fannie
Mae,
Pool
#MA4099
.......................................
2.50
8/1/35
78
203
Fannie
Mae,
Pool
#BK2588
.......................................
2.50
5/1/50
172
10
Fannie
Mae,
Pool
#MA2868
.......................................
2.50
1/1/32
10
186
Fannie
Mae,
Pool
#MA4210
.......................................
2.50
12/1/50
157
41
Fannie
Mae,
Pool
#BC9041
.......................................
2.50
11/1/31
40
370
Fannie
Mae,
Pool
#BU1451
.......................................
2.50
1/1/52
314
340
Fannie
Mae,
Pool
#BU5917
.......................................
2.50
12/1/51
293
153
Fannie
Mae,
Pool
#CA7237
.......................................
2.50
10/1/50
131
63
Fannie
Mae,
Pool
#MA3827
.......................................
2.50
11/1/34
60
15
Fannie
Mae,
Pool
#AS0513
........................................
2.50
8/1/43
13
377
Fannie
Mae,
Pool
#FM9501
.......................................
2.50
11/1/51
323
210
Fannie
Mae,
Pool
#CA6075
.......................................
2.50
6/1/50
180
277
Fannie
Mae,
Pool
#CA8131
.......................................
2.50
12/1/50
237
193
Fannie
Mae,
Pool
#CB1131
........................................
2.50
7/1/51
163
349
Fannie
Mae,
Pool
#CB1784
.......................................
2.50
10/1/51
298
26
Fannie
Mae,
Pool
#AS4946
........................................
2.50
5/1/30
26
421
Fannie
Mae,
Pool
#FS0235
........................................
2.50
1/1/52
354
35
Fannie
Mae,
Pool
#FM9543
.......................................
2.50
12/1/51
30
18
Fannie
Mae,
Pool
#AP4742
........................................
2.50
8/1/27
18
17
Fannie
Mae,
Pool
#FM9033
.......................................
2.50
10/1/51
14
361
Fannie
Mae,
Pool
#FS0030
........................................
2.50
4/1/51
304
176
Fannie
Mae,
Pool
#FM3027
.......................................
2.50
12/1/46
154
170
Fannie
Mae,
Pool
#CA8132
.......................................
2.50
12/1/50
145
93
Fannie
Mae,
Pool
#MA3246
.......................................
2.50
1/1/33
90
380
Fannie
Mae,
Pool
#CB1666
.......................................
2.50
9/1/51
325
408
Fannie
Mae,
Pool
#FM8745
.......................................
2.50
9/1/51
344
345
Fannie
Mae,
Pool
#FM8997
.......................................
2.50
10/1/51
295
230
Fannie
Mae,
Pool
#FM3878
.......................................
2.50
7/1/50
199
330
Fannie
Mae,
Pool
#BR7857
.......................................
2.50
5/1/51
280
376
Fannie
Mae,
Pool
#CB1828
.......................................
2.50
10/1/51
318
32
Fannie
Mae,
Pool
#MA3965
.......................................
2.50
3/1/40
29
6
Fannie
Mae,
Pool
#AS8893
........................................
2.50
2/1/32
5
7
Fannie
Mae,
Pool
#MA3788
.......................................
2.50
9/1/39
6
9
Fannie
Mae,
Pool
#AS4660
........................................
2.50
3/1/30
9
13
Fannie
Mae,
Pool
#MA3737
.......................................
2.50
8/1/34
12
338
Fannie
Mae,
Pool
#MA4399
.......................................
2.50
8/1/51
286
397
Fannie
Mae,
Pool
#CA9289
.......................................
2.50
2/1/51
334
6
Fannie
Mae,
Pool
#MA2789
.......................................
2.50
10/1/36
6
162
Fannie
Mae,
Pool
#MA4414
.......................................
2.50
9/1/51
138
213
Fannie
Mae,
Pool
#MA4096
.......................................
2.50
8/1/50
180
108
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
6
Fannie
Mae,
Pool
#MA2888
.......................................
2.50
1/1/47
$
5
17
Fannie
Mae,
Pool
#CB2868
.......................................
2.50
2/1/52
15
107
Fannie
Mae,
Pool
#FS1340
........................................
2.50
3/1/52
92
56
Fannie
Mae,
Pool
#FS0547
........................................
2.50
2/1/52
48
4
Fannie
Mae,
Pool
#AS8172
........................................
2.50
10/1/36
4
255
Fannie
Mae,
Pool
#MA4541
.......................................
2.50
2/1/42
228
123
Fannie
Mae,
Pool
#MA2730
.......................................
2.50
8/1/46
107
86
Fannie
Mae,
Pool
#MA3765
.......................................
2.50
9/1/49
73
204
Fannie
Mae,
Pool
#FM2881
.......................................
2.50
4/1/50
176
45
Fannie
Mae,
Pool
#FM3296
.......................................
2.50
5/1/35
43
207
Fannie
Mae,
Pool
#BO4657
.......................................
2.50
11/1/49
177
220
Fannie
Mae,
Pool
#FM4231
.......................................
2.50
9/1/50
188
123
Fannie
Mae,
Pool
#MA3902
.......................................
2.50
1/1/50
105
70
Fannie
Mae,
Pool
#AB7391
.......................................
2.50
12/1/42
63
206
Fannie
Mae,
Pool
#BP5878
........................................
2.50
6/1/50
174
19
Fannie
Mae,
Pool
#MA4016
.......................................
2.50
5/1/40
18
31
Fannie
Mae,
Pool
#MA3955
.......................................
2.50
3/1/35
30
9
Fannie
Mae,
Pool
#AZ6458
.......................................
2.50
7/1/30
9
7
Fannie
Mae,
Pool
#BJ3742
........................................
2.50
12/1/32
7
127
Fannie
Mae,
Pool
#BQ0329
.......................................
2.50
7/1/50
107
17
Fannie
Mae,
Pool
#MA3217
.......................................
2.50
12/1/32
16
28
Fannie
Mae,
Pool
#AS8892
........................................
2.50
2/1/32
27
35
Fannie
Mae,
Pool
#BE3032
........................................
2.50
1/1/32
34
24
Fannie
Mae,
Pool
#FM4638
.......................................
2.50
10/1/50
21
43
Fannie
Mae,
Pool
#MA4053
.......................................
2.50
6/1/35
41
121
Fannie
Mae,
Pool
#MA3990
.......................................
2.50
4/1/50
102
210
Fannie
Mae,
Pool
#MA4078
.......................................
2.50
7/1/50
179
14
Fannie
Mae,
Pool
#MA3282
.......................................
2.50
2/1/33
13
59
Fannie
Mae,
Pool
#MA4075
.......................................
2.50
7/1/35
56
21
Fannie
Mae,
Pool
#BJ3944
........................................
2.50
1/1/33
20
4
Fannie
Mae,
Pool
#AU6677
.......................................
2.50
9/1/28
4
22
Fannie
Mae,
Pool
#MA3801
.......................................
2.50
10/1/49
19
255
Fannie
Mae,
Pool
#FM4309
.......................................
2.50
9/1/50
215
55
Fannie
Mae,
Pool
#MA3154
.......................................
2.50
10/1/32
53
211
Fannie
Mae,
Pool
#MA4159
.......................................
2.50
10/1/50
180
25
Fannie
Mae,
Pool
#AU6387
.......................................
2.50
11/1/28
25
9
Fannie
Mae,
Pool
#AU5334
.......................................
2.50
11/1/28
9
229
Fannie
Mae,
Pool
#MA4256
.......................................
2.50
2/1/51
194
15
Fannie
Mae,
Pool
#CB2979
.......................................
2.50
2/1/37
14
6
Fannie
Mae,
Pool
#BD8046
.......................................
2.50
9/1/31
6
31
Fannie
Mae,
Pool
#MA3896
.......................................
2.50
1/1/35
29
16
Fannie
Mae,
Pool
#MA4423
.......................................
2.50
9/1/41
14
326
Fannie
Mae,
Pool
#CB1556
.......................................
2.50
9/1/51
278
162
Fannie
Mae,
Pool
#MA4183
.......................................
2.50
11/1/50
137
6
Fannie
Mae,
Pool
#MA1511
.......................................
2.50
7/1/33
5
10
Fannie
Mae,
Pool
#MA1270
.......................................
2.50
11/1/32
9
324
Fannie
Mae,
Pool
#CB0415
.......................................
2.50
5/1/51
274
30
Fannie
Mae,
Pool
#MA3764
.......................................
2.50
9/1/34
28
17
Fannie
Mae,
Pool
#AU2619
.......................................
2.50
8/1/28
17
18
Fannie
Mae,
Pool
#MA2854
.......................................
2.50
12/1/46
15
4
Fannie
Mae,
Pool
#MA3930
.......................................
2.50
2/1/35
4
8
Fannie
Mae,
Pool
#MA3830
.......................................
2.50
11/1/39
8
8
Fannie
Mae,
Pool
#MA2087
.......................................
3.00
11/1/34
7
8
Fannie
Mae,
Pool
#AS3117
........................................
3.00
8/1/29
8
60
Fannie
Mae,
Pool
#MA2833
.......................................
3.00
12/1/46
54
29
Fannie
Mae,
Pool
#MA1527
.......................................
3.00
8/1/33
28
9
Fannie
Mae,
Pool
#AS2312
........................................
3.00
5/1/29
9
31
Fannie
Mae,
Pool
#AS8186
........................................
3.00
10/1/46
28
12
Fannie
Mae,
Pool
#BK1015
.......................................
3.00
2/1/33
11
109
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
54
Fannie
Mae,
Pool
#BE1901
........................................
3.00
12/1/46
$
49
4
Fannie
Mae,
Pool
#AQ3223
.......................................
3.00
11/1/27
4
112
Fannie
Mae,
Pool
#CA5668
.......................................
3.00
5/1/50
100
5
Fannie
Mae,
Pool
#MA2065
.......................................
3.00
10/1/34
5
8
Fannie
Mae,
Pool
#AW8295
.......................................
3.00
8/1/29
8
93
Fannie
Mae,
Pool
#AS7904
........................................
3.00
9/1/46
84
4
Fannie
Mae,
Pool
#MA3377
.......................................
3.00
5/1/48
4
79
Fannie
Mae,
Pool
#BN7703
.......................................
3.00
8/1/49
70
363
Fannie
Mae,
Pool
#CB2755
.......................................
3.00
2/1/52
323
59
Fannie
Mae,
Pool
#MA3106
.......................................
3.00
8/1/47
53
362
Fannie
Mae,
Pool
#CB2756
.......................................
3.00
2/1/52
321
90
Fannie
Mae,
Pool
#MA2737
.......................................
3.00
9/1/46
82
39
Fannie
Mae,
Pool
#BO9169
.......................................
3.00
12/1/49
35
72
Fannie
Mae,
Pool
#MA3082
.......................................
3.00
7/1/47
65
12
Fannie
Mae,
Pool
#MA2832
.......................................
3.00
12/1/36
12
90
Fannie
Mae,
Pool
#BO8947
.......................................
3.00
1/1/50
80
20
Fannie
Mae,
Pool
#MA3331
.......................................
3.00
4/1/48
18
80
Fannie
Mae,
Pool
#BO3192
.......................................
3.00
10/1/49
72
14
Fannie
Mae,
Pool
#MA2897
.......................................
3.00
2/1/37
13
108
Fannie
Mae,
Pool
#BD2446
.......................................
3.00
1/1/47
98
24
Fannie
Mae,
Pool
#CA3754
.......................................
3.00
6/1/34
23
61
Fannie
Mae,
Pool
#AS8784
........................................
3.00
2/1/47
55
19
Fannie
Mae,
Pool
#AS8438
........................................
3.00
12/1/36
18
5
Fannie
Mae,
Pool
#AU7890
.......................................
3.00
9/1/28
5
12
Fannie
Mae,
Pool
#BJ2996
........................................
3.00
1/1/33
11
30
Fannie
Mae,
Pool
#MA3127
.......................................
3.00
9/1/37
29
20
Fannie
Mae,
Pool
#AL9996
.......................................
3.00
4/1/32
19
144
Fannie
Mae,
Pool
#MA4048
.......................................
3.00
6/1/50
128
5
Fannie
Mae,
Pool
#MA3657
.......................................
3.00
5/1/34
5
63
Fannie
Mae,
Pool
#AU3735
.......................................
3.00
8/1/43
58
14
Fannie
Mae,
Pool
#AW7383
.......................................
3.00
8/1/29
14
201
Fannie
Mae,
Pool
#FS1374
........................................
3.00
3/1/52
177
70
Fannie
Mae,
Pool
#MA3774
.......................................
3.00
9/1/49
62
10
Fannie
Mae,
Pool
#AR7426
.......................................
3.00
7/1/43
9
95
Fannie
Mae,
Pool
#AT7620
........................................
3.00
6/1/43
87
51
Fannie
Mae,
Pool
#AY4829
.......................................
3.00
5/1/45
47
12
Fannie
Mae,
Pool
#AS4334
........................................
3.00
1/1/45
11
32
Fannie
Mae,
Pool
#CA3788
.......................................
3.00
7/1/49
29
48
Fannie
Mae,
Pool
#AS4333
........................................
3.00
1/1/45
44
156
Fannie
Mae,
Pool
#MA4579
.......................................
3.00
4/1/52
137
33
Fannie
Mae,
Pool
#FM4317
.......................................
3.00
9/1/50
29
175
Fannie
Mae,
Pool
#MA3834
.......................................
3.00
11/1/49
157
4
Fannie
Mae,
Pool
#MA3890
.......................................
3.00
1/1/40
4
49
Fannie
Mae,
Pool
#FM2132
.......................................
3.00
1/1/50
44
27
Fannie
Mae,
Pool
#MA3744
.......................................
3.00
8/1/49
24
6
Fannie
Mae,
Pool
#MA2287
.......................................
3.00
6/1/35
6
39
Fannie
Mae,
Pool
#AY4200
.......................................
3.00
5/1/45
36
80
Fannie
Mae,
Pool
#AT2014
........................................
3.00
4/1/43
73
46
Fannie
Mae,
Pool
#FM1552
.......................................
3.00
12/1/47
41
3
Fannie
Mae,
Pool
#MA3691
.......................................
3.00
7/1/49
3
165
Fannie
Mae,
Pool
#FS0831
........................................
3.00
3/1/52
145
19
Fannie
Mae,
Pool
#MA3934
.......................................
3.00
2/1/40
18
13
Fannie
Mae,
Pool
#MA3090
.......................................
3.00
8/1/32
13
100
Fannie
Mae,
Pool
#FM1370
.......................................
3.00
4/1/46
92
4
Fannie
Mae,
Pool
#AS8074
........................................
3.00
10/1/46
4
14
Fannie
Mae,
Pool
#MA1338
.......................................
3.00
2/1/33
14
6
Fannie
Mae,
Pool
#FM1585
.......................................
3.00
9/1/49
5
18
Fannie
Mae,
Pool
#AS0302
........................................
3.00
8/1/43
17
100
Fannie
Mae,
Pool
#BO2201
.......................................
3.00
9/1/49
90
110
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
99
Fannie
Mae,
Pool
#AT0682
........................................
3.00
4/1/43
$
90
7
Fannie
Mae,
Pool
#AU3353
.......................................
3.00
8/1/43
7
102
Fannie
Mae,
Pool
#AB8897
.......................................
3.00
4/1/43
93
14
Fannie
Mae,
Pool
#MA3631
.......................................
3.00
4/1/34
14
18
Fannie
Mae,
Pool
#AS1527
........................................
3.00
1/1/29
18
91
Fannie
Mae,
Pool
#AS8414
........................................
3.00
11/1/46
82
15
Fannie
Mae,
Pool
#AL8861
.......................................
3.00
7/1/31
14
15
Fannie
Mae,
Pool
#MA3060
.......................................
3.00
7/1/32
15
51
Fannie
Mae,
Pool
#CA5519
.......................................
3.00
4/1/50
45
18
Fannie
Mae,
Pool
#CA4860
.......................................
3.00
12/1/49
16
147
Fannie
Mae,
Pool
#BP1932
........................................
3.00
4/1/50
131
3
Fannie
Mae,
Pool
#AX8309
.......................................
3.00
11/1/29
3
15
Fannie
Mae,
Pool
#BD5076
.......................................
3.00
2/1/32
14
162
Fannie
Mae,
Pool
#FM3395
.......................................
3.00
6/1/50
144
385
Fannie
Mae,
Pool
#CA5229
.......................................
3.00
2/1/50
339
77
Fannie
Mae,
Pool
#CA5729
.......................................
3.00
5/1/50
69
16
Fannie
Mae,
Pool
#MA2425
.......................................
3.00
10/1/30
16
5
Fannie
Mae,
Pool
#AL9848
.......................................
3.00
3/1/47
5
122
Fannie
Mae,
Pool
#BU8883
.......................................
3.00
3/1/52
107
85
Fannie
Mae,
Pool
#BC4764
.......................................
3.00
10/1/46
77
17
Fannie
Mae,
Pool
#MA3304
.......................................
3.00
3/1/48
15
35
Fannie
Mae,
Pool
#MA3147
.......................................
3.00
10/1/47
32
13
Fannie
Mae,
Pool
#AT1575
........................................
3.00
5/1/43
12
26
Fannie
Mae,
Pool
#MA3831
.......................................
3.00
11/1/39
25
84
Fannie
Mae,
Pool
#BC9003
.......................................
3.00
11/1/46
76
12
Fannie
Mae,
Pool
#MA3247
.......................................
3.00
1/1/33
12
12
Fannie
Mae,
Pool
#MA2149
.......................................
3.00
1/1/30
12
40
Fannie
Mae,
Pool
#AS7238
........................................
3.00
5/1/46
37
74
Fannie
Mae,
Pool
#MA2806
.......................................
3.00
11/1/46
67
43
Fannie
Mae,
Pool
#AS8483
........................................
3.00
12/1/46
38
10
Fannie
Mae,
Pool
#MA3185
.......................................
3.00
11/1/37
9
152
Fannie
Mae,
Pool
#AQ7920
.......................................
3.00
12/1/42
139
54
Fannie
Mae,
Pool
#FM1134
.......................................
3.00
4/1/48
49
5
Fannie
Mae,
Pool
#BA4786
.......................................
3.00
2/1/31
5
7
Fannie
Mae,
Pool
#AL9263
.......................................
3.00
10/1/46
7
134
Fannie
Mae,
Pool
#AP6493
........................................
3.00
9/1/42
123
327
Fannie
Mae,
Pool
#CB3364
.......................................
3.00
4/1/52
289
7
Fannie
Mae,
Pool
#MA3078
.......................................
3.00
7/1/37
6
37
Fannie
Mae,
Pool
#BE4400
........................................
3.00
1/1/47
33
12
Fannie
Mae,
Pool
#MA3802
.......................................
3.00
10/1/49
11
18
Fannie
Mae,
Pool
#AZ0538
.......................................
3.00
9/1/30
17
8
Fannie
Mae,
Pool
#MA3738
.......................................
3.00
8/1/34
8
16
Fannie
Mae,
Pool
#BE3861
........................................
3.00
1/1/47
15
5
Fannie
Mae,
Pool
#AZ4358
.......................................
3.00
7/1/30
5
315
Fannie
Mae,
Pool
#CB2759
.......................................
3.00
2/1/52
278
25
Fannie
Mae,
Pool
#MA2523
.......................................
3.00
2/1/36
23
69
Fannie
Mae,
Pool
#BO7242
.......................................
3.00
1/1/50
62
69
Fannie
Mae,
Pool
#MA1307
.......................................
3.00
1/1/33
66
24
Fannie
Mae,
Pool
#CA5423
.......................................
3.00
3/1/50
21
89
Fannie
Mae,
Pool
#MA3871
.......................................
3.00
12/1/49
80
15
Fannie
Mae,
Pool
#MA3958
.......................................
3.00
3/1/40
14
56
Fannie
Mae,
Pool
#MA3960
.......................................
3.00
3/1/50
50
123
Fannie
Mae,
Pool
#BO6219
.......................................
3.00
12/1/49
110
68
Fannie
Mae,
Pool
#MA2895
.......................................
3.00
2/1/47
61
9
Fannie
Mae,
Pool
#AS8056
........................................
3.00
10/1/46
8
99
Fannie
Mae,
Pool
#MA3937
.......................................
3.00
2/1/50
88
122
Fannie
Mae,
Pool
#MA4020
.......................................
3.00
5/1/50
108
95
Fannie
Mae,
Pool
#MA3905
.......................................
3.00
1/1/50
85
16
Fannie
Mae,
Pool
#MA3897
.......................................
3.00
1/1/35
16
111
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
186
Fannie
Mae,
Pool
#FS2122
........................................
3.00
3/1/52
$
165
4
Fannie
Mae,
Pool
#FM1299
.......................................
3.00
7/1/49
3
98
Fannie
Mae,
Pool
#MA2956
.......................................
3.00
4/1/47
89
23
Fannie
Mae,
Pool
#MA2773
.......................................
3.00
10/1/36
21
47
Fannie
Mae,
Pool
#AS8521
........................................
3.00
12/1/46
42
266
Fannie
Mae,
Pool
#AB7099
.......................................
3.00
11/1/42
244
276
Fannie
Mae,
Pool
#AP6375
........................................
3.00
9/1/42
253
28
Fannie
Mae,
Pool
#MA1401
.......................................
3.00
4/1/33
27
115
Fannie
Mae,
Pool
#BP6466
........................................
3.00
7/1/50
102
5
Fannie
Mae,
Pool
#AZ2936
.......................................
3.00
9/1/45
5
92
Fannie
Mae,
Pool
#AL9865
.......................................
3.00
2/1/47
83
14
Fannie
Mae,
Pool
#BE9547
........................................
3.00
4/1/47
12
41
Fannie
Mae,
Pool
#MA2246
.......................................
3.00
4/1/30
40
36
Fannie
Mae,
Pool
#AS0196
........................................
3.00
8/1/28
36
2
Fannie
Mae,
Pool
#BA0826
.......................................
3.00
10/1/30
2
7
Fannie
Mae,
Pool
#MA1058
.......................................
3.00
5/1/32
6
57
Fannie
Mae,
Pool
#BD4225
.......................................
3.00
11/1/46
52
12
Fannie
Mae,
Pool
#BM1370
.......................................
3.00
4/1/37
11
13
Fannie
Mae,
Pool
#BC4276
.......................................
3.00
4/1/46
12
68
Fannie
Mae,
Pool
#MA2863
.......................................
3.00
1/1/47
61
17
Fannie
Mae,
Pool
#AS8424
........................................
3.00
12/1/36
16
35
Fannie
Mae,
Pool
#BD5787
.......................................
3.00
9/1/46
31
11
Fannie
Mae,
Pool
#MA2579
.......................................
3.00
4/1/36
10
1
Fannie
Mae,
Pool
#AK0006
.......................................
3.00
1/1/27
1
19
Fannie
Mae,
Pool
#MA2230
.......................................
3.00
4/1/35
18
52
Fannie
Mae,
Pool
#BD5545
.......................................
3.00
10/1/46
47
16
Fannie
Mae,
Pool
#MA3339
.......................................
3.00
4/1/33
15
100
Fannie
Mae,
Pool
#MA4079
.......................................
3.00
7/1/50
89
38
Fannie
Mae,
Pool
#MA3991
.......................................
3.00
4/1/50
34
10
Fannie
Mae,
Pool
#AP2465
........................................
3.00
8/1/42
9
3
Fannie
Mae,
Pool
#MA3100
.......................................
3.00
8/1/37
3
19
Fannie
Mae,
Pool
#BU1241
.......................................
3.00
3/1/52
17
5
Fannie
Mae,
Pool
#AB4483
.......................................
3.00
2/1/27
5
52
Fannie
Mae,
Pool
#AS4884
........................................
3.00
5/1/45
48
72
Fannie
Mae,
Pool
#AS8276
........................................
3.00
11/1/46
65
21
Fannie
Mae,
Pool
#MA3237
.......................................
3.00
1/1/48
19
40
Fannie
Mae,
Pool
#MA3179
.......................................
3.00
11/1/47
36
35
Fannie
Mae,
Pool
#AS7908
........................................
3.00
9/1/46
31
14
Fannie
Mae,
Pool
#AK3302
.......................................
3.00
3/1/27
14
6
Fannie
Mae,
Pool
#MA3218
.......................................
3.00
12/1/32
6
181
Fannie
Mae,
Pool
#AO0752
.......................................
3.00
4/1/42
165
11
Fannie
Mae,
Pool
#MA2961
.......................................
3.00
4/1/37
11
356
Fannie
Mae,
Pool
#CB3172
.......................................
3.00
3/1/52
316
35
Fannie
Mae,
Pool
#AS4773
........................................
3.50
4/1/45
33
20
Fannie
Mae,
Pool
#AS4772
........................................
3.50
4/1/45
19
44
Fannie
Mae,
Pool
#AO4385
.......................................
3.50
6/1/42
41
3
Fannie
Mae,
Pool
#AL8776
.......................................
3.50
7/1/46
3
21
Fannie
Mae,
Pool
#BC7633
.......................................
3.50
6/1/46
20
20
Fannie
Mae,
Pool
#BC0163
.......................................
3.50
1/1/46
18
23
Fannie
Mae,
Pool
#BC3126
.......................................
3.50
1/1/46
22
15
Fannie
Mae,
Pool
#CA1191
.......................................
3.50
11/1/47
14
14
Fannie
Mae,
Pool
#AS5892
........................................
3.50
10/1/45
13
34
Fannie
Mae,
Pool
#AS7239
........................................
3.50
5/1/46
32
23
Fannie
Mae,
Pool
#BM2001
.......................................
3.50
12/1/46
21
5
Fannie
Mae,
Pool
#AS6102
........................................
3.50
11/1/45
5
3
Fannie
Mae,
Pool
#AS2081
........................................
3.50
4/1/29
3
3
Fannie
Mae,
Pool
#MA2522
.......................................
3.50
2/1/46
3
19
Fannie
Mae,
Pool
#MA2923
.......................................
3.50
3/1/37
18
429
Fannie
Mae,
Pool
#MA4600
.......................................
3.50
5/1/52
394
112
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
15
Fannie
Mae,
Pool
#MA3462
.......................................
3.50
9/1/33
$
14
77
Fannie
Mae,
Pool
#BD2436
.......................................
3.50
1/1/47
72
68
Fannie
Mae,
Pool
#BH5155
.......................................
3.50
9/1/47
63
63
Fannie
Mae,
Pool
#BH9215
.......................................
3.50
1/1/48
59
65
Fannie
Mae,
Pool
#BJ2692
........................................
3.50
4/1/48
60
68
Fannie
Mae,
Pool
#MA3182
.......................................
3.50
11/1/47
63
58
Fannie
Mae,
Pool
#MA3305
.......................................
3.50
3/1/48
54
3
Fannie
Mae,
Pool
#MA3148
.......................................
3.50
10/1/47
3
58
Fannie
Mae,
Pool
#MA2125
.......................................
3.50
12/1/44
54
79
Fannie
Mae,
Pool
#BH9277
.......................................
3.50
2/1/48
73
2
Fannie
Mae,
Pool
#BM1231
.......................................
3.50
11/1/31
2
38
Fannie
Mae,
Pool
#MA1982
.......................................
3.50
8/1/34
37
73
Fannie
Mae,
Pool
#AU1635
.......................................
3.50
7/1/43
69
6
Fannie
Mae,
Pool
#MA3152
.......................................
3.50
10/1/37
6
58
Fannie
Mae,
Pool
#MA2292
.......................................
3.50
6/1/45
54
49
Fannie
Mae,
Pool
#MA3026
.......................................
3.50
6/1/47
46
52
Fannie
Mae,
Pool
#AS0024
........................................
3.50
7/1/43
49
8
Fannie
Mae,
Pool
#BC2926
.......................................
3.50
3/1/46
7
22
Fannie
Mae,
Pool
#BJ0647
........................................
3.50
3/1/48
20
4
Fannie
Mae,
Pool
#MA2909
.......................................
3.50
2/1/37
4
6
Fannie
Mae,
Pool
#MA2706
.......................................
3.50
8/1/46
6
4
Fannie
Mae,
Pool
#BJ3716
........................................
3.50
12/1/47
4
3
Fannie
Mae,
Pool
#AS4236
........................................
3.50
1/1/45
2
3
Fannie
Mae,
Pool
#AS6394
........................................
3.50
12/1/45
3
41
Fannie
Mae,
Pool
#AS7491
........................................
3.50
7/1/46
39
30
Fannie
Mae,
Pool
#AS6649
........................................
3.50
2/1/46
28
56
Fannie
Mae,
Pool
#BM2000
.......................................
3.50
5/1/47
53
41
Fannie
Mae,
Pool
#MA3332
.......................................
3.50
4/1/48
38
51
Fannie
Mae,
Pool
#FM1001
.......................................
3.50
11/1/48
48
52
Fannie
Mae,
Pool
#AS4771
........................................
3.50
4/1/45
49
33
Fannie
Mae,
Pool
#AO9140
.......................................
3.50
7/1/42
31
29
Fannie
Mae,
Pool
#AS5068
........................................
3.50
6/1/45
27
43
Fannie
Mae,
Pool
#MA3057
.......................................
3.50
7/1/47
40
3
Fannie
Mae,
Pool
#MA2996
.......................................
3.50
5/1/37
3
1
Fannie
Mae,
Pool
#BA5031
.......................................
3.50
1/1/46
1
24
Fannie
Mae,
Pool
#AS5319
........................................
3.50
7/1/45
23
7
Fannie
Mae,
Pool
#BJ4916
........................................
3.50
3/1/48
7
42
Fannie
Mae,
Pool
#AS7388
........................................
3.50
6/1/46
39
12
Fannie
Mae,
Pool
#MA3835
.......................................
3.50
11/1/49
11
57
Fannie
Mae,
Pool
#AY1306
.......................................
3.50
3/1/45
53
54
Fannie
Mae,
Pool
#AO8137
.......................................
3.50
8/1/42
51
25
Fannie
Mae,
Pool
#AS5696
........................................
3.50
8/1/45
23
11
Fannie
Mae,
Pool
#FS1774
........................................
3.50
5/1/37
11
60
Fannie
Mae,
Pool
#BD5046
.......................................
3.50
2/1/47
56
33
Fannie
Mae,
Pool
#FM1028
.......................................
3.50
6/1/49
31
18
Fannie
Mae,
Pool
#MA3597
.......................................
3.50
2/1/49
17
1
Fannie
Mae,
Pool
#AX0159
.......................................
3.50
9/1/29
1
70
Fannie
Mae,
Pool
#AO3760
.......................................
3.50
5/1/42
67
16
Fannie
Mae,
Pool
#MA3692
.......................................
3.50
7/1/49
15
43
Fannie
Mae,
Pool
#MA1980
.......................................
3.50
8/1/44
40
16
Fannie
Mae,
Pool
#AP9390
........................................
3.50
10/1/42
15
118
Fannie
Mae,
Pool
#AQ0546
.......................................
3.50
11/1/42
112
40
Fannie
Mae,
Pool
#AU3742
.......................................
3.50
8/1/43
38
9
Fannie
Mae,
Pool
#MA3059
.......................................
3.50
7/1/37
9
48
Fannie
Mae,
Pool
#MA3663
.......................................
3.50
5/1/49
45
22
Fannie
Mae,
Pool
#MA3775
.......................................
3.50
9/1/49
21
58
Fannie
Mae,
Pool
#AS3133
........................................
3.50
8/1/44
55
1
Fannie
Mae,
Pool
#MA1021
.......................................
3.50
3/1/27
1
37
Fannie
Mae,
Pool
#AK7497
.......................................
3.50
4/1/42
35
113
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
168
Fannie
Mae,
Pool
#AO2548
.......................................
3.50
4/1/42
$
160
9
Fannie
Mae,
Pool
#MA2495
.......................................
3.50
1/1/46
8
18
Fannie
Mae,
Pool
#BA1893
.......................................
3.50
8/1/45
17
66
Fannie
Mae,
Pool
#BC1158
........................................
3.50
2/1/46
62
28
Fannie
Mae,
Pool
#AY3913
.......................................
3.50
2/1/45
27
22
Fannie
Mae,
Pool
#AY8856
.......................................
3.50
9/1/45
20
23
Fannie
Mae,
Pool
#AZ6383
.......................................
3.50
9/1/45
21
96
Fannie
Mae,
Pool
#MA3276
.......................................
3.50
2/1/48
89
57
Fannie
Mae,
Pool
#MA3238
.......................................
3.50
1/1/48
53
14
Fannie
Mae,
Pool
#MA3637
.......................................
3.50
4/1/49
13
4
Fannie
Mae,
Pool
#MA3210
.......................................
3.50
12/1/47
4
34
Fannie
Mae,
Pool
#AX2486
.......................................
3.50
10/1/44
32
121
Fannie
Mae,
Pool
#BM1568
.......................................
3.50
7/1/47
114
12
Fannie
Mae,
Pool
#AE0981
.......................................
3.50
3/1/41
12
1
Fannie
Mae,
Pool
#AK0706
.......................................
3.50
2/1/27
1
45
Fannie
Mae,
Pool
#CA0487
.......................................
3.50
10/1/47
42
203
Fannie
Mae,
Pool
#AB6017
.......................................
3.50
8/1/42
193
13
Fannie
Mae,
Pool
#AL1717
.......................................
3.50
5/1/27
13
7
Fannie
Mae,
Pool
#CA0234
.......................................
3.50
8/1/47
7
43
Fannie
Mae,
Pool
#AX9530
.......................................
3.50
2/1/45
41
2
Fannie
Mae,
Pool
#AV6407
.......................................
3.50
2/1/29
2
399
Fannie
Mae,
Pool
#FS5725
........................................
3.50
12/1/51
372
18
Fannie
Mae,
Pool
#AZ2614
.......................................
3.50
8/1/45
17
67
Fannie
Mae,
Pool
#AZ0862
.......................................
3.50
7/1/45
63
30
Fannie
Mae,
Pool
#BE5258
........................................
3.50
1/1/47
28
6
Fannie
Mae,
Pool
#MA2692
.......................................
3.50
7/1/36
6
66
Fannie
Mae,
Pool
#BM4703
.......................................
3.50
2/1/48
62
50
Fannie
Mae,
Pool
#FM1566
.......................................
3.50
11/1/48
47
17
Fannie
Mae,
Pool
#MA3614
.......................................
3.50
3/1/49
16
4
Fannie
Mae,
Pool
#BC0443
.......................................
3.50
12/1/45
4
32
Fannie
Mae,
Pool
#FM0020
.......................................
3.50
7/1/49
29
60
Fannie
Mae,
Pool
#FM1911
.......................................
3.50
7/1/48
56
19
Fannie
Mae,
Pool
#AX7655
.......................................
3.50
1/1/45
18
43
Fannie
Mae,
Pool
#AZ9576
.......................................
3.50
12/1/45
40
49
Fannie
Mae,
Pool
#MA3745
.......................................
3.50
8/1/49
45
2
Fannie
Mae,
Pool
#AJ4093
........................................
3.50
10/1/26
2
63
Fannie
Mae,
Pool
#FM1543
.......................................
3.50
11/1/48
58
38
Fannie
Mae,
Pool
#AO4647
.......................................
3.50
6/1/42
36
32
Fannie
Mae,
Pool
#AY4300
.......................................
3.50
1/1/45
30
29
Fannie
Mae,
Pool
#AY3802
.......................................
3.50
2/1/45
27
4
Fannie
Mae,
Pool
#BM5446
.......................................
3.50
2/1/49
4
39
Fannie
Mae,
Pool
#BM5485
.......................................
3.50
2/1/49
36
64
Fannie
Mae,
Pool
#MA3520
.......................................
3.50
11/1/48
59
42
Fannie
Mae,
Pool
#MA3414
.......................................
3.50
7/1/48
40
20
Fannie
Mae,
Pool
#MA3494
.......................................
3.50
10/1/48
19
10
Fannie
Mae,
Pool
#AX5201
.......................................
3.50
10/1/29
10
10
Fannie
Mae,
Pool
#MA3906
.......................................
3.50
1/1/50
9
34
Fannie
Mae,
Pool
#BE3767
........................................
3.50
7/1/47
32
5
Fannie
Mae,
Pool
#MA3634
.......................................
3.50
4/1/39
5
112
Fannie
Mae,
Pool
#BP1947
........................................
3.50
4/1/50
104
194
Fannie
Mae,
Pool
#CB3601
.......................................
3.50
5/1/52
179
40
Fannie
Mae,
Pool
#BK9038
.......................................
3.50
10/1/33
39
2
Fannie
Mae,
Pool
#CA4026
.......................................
3.50
5/1/49
2
30
Fannie
Mae,
Pool
#MA1059
.......................................
3.50
5/1/32
30
43
Fannie
Mae,
Pool
#MA1107
.......................................
3.50
7/1/32
42
42
Fannie
Mae,
Pool
#AY5303
.......................................
3.50
3/1/45
39
218
Fannie
Mae,
Pool
#MA4654
.......................................
3.50
7/1/52
200
321
Fannie
Mae,
Pool
#BU8723
.......................................
3.50
6/1/52
295
17
Fannie
Mae,
Pool
#MA2389
.......................................
3.50
9/1/35
16
114
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
33
Fannie
Mae,
Pool
#FM3387
.......................................
3.50
3/1/35
$
32
7
Fannie
Mae,
Pool
#MA3243
.......................................
3.50
1/1/38
7
50
Fannie
Mae,
Pool
#AJ8476
........................................
3.50
12/1/41
47
29
Fannie
Mae,
Pool
#AS7601
........................................
4.00
7/1/46
28
316
Fannie
Mae,
Pool
#FS0016
........................................
4.00
6/1/49
302
50
Fannie
Mae,
Pool
#BD7081
.......................................
4.00
3/1/47
48
8
Fannie
Mae,
Pool
#BM1066
.......................................
4.00
2/1/47
7
34
Fannie
Mae,
Pool
#MA3277
.......................................
4.00
2/1/48
33
20
Fannie
Mae,
Pool
#AS3903
........................................
4.00
11/1/44
19
18
Fannie
Mae,
Pool
#AS8823
........................................
4.00
2/1/47
18
42
Fannie
Mae,
Pool
#BJ9169
........................................
4.00
5/1/48
40
5
Fannie
Mae,
Pool
#AS3448
........................................
4.00
9/1/44
5
315
Fannie
Mae,
Pool
#FS3526
........................................
4.00
12/1/52
297
30
Fannie
Mae,
Pool
#MA4797
.......................................
4.00
11/1/37
29
102
Fannie
Mae,
Pool
#AJ7857
........................................
4.00
12/1/41
99
25
Fannie
Mae,
Pool
#BE8050
........................................
4.00
4/1/47
24
117
Fannie
Mae,
Pool
#AJ7689
........................................
4.00
12/1/41
114
50
Fannie
Mae,
Pool
#MA3804
.......................................
4.00
10/1/49
47
18
Fannie
Mae,
Pool
#MA3521
.......................................
4.00
11/1/48
17
2
Fannie
Mae,
Pool
#CA2316
.......................................
4.00
7/1/48
2
11
Fannie
Mae,
Pool
#MA3536
.......................................
4.00
12/1/48
10
25
Fannie
Mae,
Pool
#CA0237
.......................................
4.00
8/1/47
24
31
Fannie
Mae,
Pool
#BK0909
.......................................
4.00
7/1/48
29
2
Fannie
Mae,
Pool
#BD7060
.......................................
4.00
3/1/47
2
44
Fannie
Mae,
Pool
#CA1015
.......................................
4.00
1/1/48
42
33
Fannie
Mae,
Pool
#FM1415
.......................................
4.00
12/1/48
31
407
Fannie
Mae,
Pool
#FS7579
........................................
4.00
6/1/53
387
21
Fannie
Mae,
Pool
#MA5127
.......................................
4.00
8/1/53
20
16
Fannie
Mae,
Pool
#BN5258
.......................................
4.00
2/1/49
16
119
Fannie
Mae,
Pool
#AJ5303
........................................
4.00
11/1/41
116
35
Fannie
Mae,
Pool
#AS8532
........................................
4.00
12/1/46
34
7
Fannie
Mae,
Pool
#AW5109
.......................................
4.00
8/1/44
6
44
Fannie
Mae,
Pool
#MA3027
.......................................
4.00
6/1/47
42
5
Fannie
Mae,
Pool
#AS9314
........................................
4.00
3/1/47
5
22
Fannie
Mae,
Pool
#BA6910
.......................................
4.00
2/1/46
21
23
Fannie
Mae,
Pool
#BC5559
.......................................
4.00
3/1/46
22
38
Fannie
Mae,
Pool
#AL8387
.......................................
4.00
3/1/46
37
5
Fannie
Mae,
Pool
#AS7028
........................................
4.00
4/1/46
5
3
Fannie
Mae,
Pool
#MA2415
.......................................
4.00
10/1/45
3
7
Fannie
Mae,
Pool
#MA2455
.......................................
4.00
11/1/35
7
6
Fannie
Mae,
Pool
#AS2117
........................................
4.00
4/1/44
6
26
Fannie
Mae,
Pool
#AW5063
.......................................
4.00
7/1/44
25
29
Fannie
Mae,
Pool
#MA0641
.......................................
4.00
2/1/31
28
8
Fannie
Mae,
Pool
#MA0493
.......................................
4.00
8/1/30
8
26
Fannie
Mae,
Pool
#AL7347
.......................................
4.00
9/1/45
25
69
Fannie
Mae,
Pool
#AH5859
.......................................
4.00
2/1/41
67
1
Fannie
Mae,
Pool
#BA0847
.......................................
4.00
3/1/46
1
4
Fannie
Mae,
Pool
#AW9041
.......................................
4.00
8/1/44
4
—
Fannie
Mae,
Pool
#AH6242
.......................................
4.00
4/1/26
—
24
Fannie
Mae,
Pool
#AY1595
.......................................
4.00
1/1/45
23
219
Fannie
Mae,
Pool
#190405
........................................
4.00
10/1/40
212
8
Fannie
Mae,
Pool
#MA3216
.......................................
4.00
12/1/37
8
50
Fannie
Mae,
Pool
#MA3183
.......................................
4.00
11/1/47
47
4
Fannie
Mae,
Pool
#MA2655
.......................................
4.00
6/1/36
4
—
Fannie
Mae,
Pool
#BM5525
.......................................
4.00
3/1/31
—
31
Fannie
Mae,
Pool
#BN0334
.......................................
4.00
12/1/48
30
30
Fannie
Mae,
Pool
#BM5685
.......................................
4.00
6/1/48
29
1
Fannie
Mae,
Pool
#AZ8874
.......................................
4.00
9/1/45
1
24
Fannie
Mae,
Pool
#MA5643
.......................................
4.00
3/1/55
22
115
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
6
Fannie
Mae,
Pool
#AT3872
........................................
4.00
6/1/43
$
5
33
Fannie
Mae,
Pool
#AV2340
.......................................
4.00
12/1/43
32
36
Fannie
Mae,
Pool
#BK7608
.......................................
4.00
9/1/48
35
2
Fannie
Mae,
Pool
#BK0920
.......................................
4.00
7/1/48
2
—
Fannie
Mae,
Pool
#AL9742
.......................................
4.00
7/1/29
—
50
Fannie
Mae,
Pool
#MA3746
.......................................
4.00
8/1/49
48
63
Fannie
Mae,
Pool
#BK7943
.......................................
4.00
11/1/48
61
5
Fannie
Mae,
Pool
#MA3413
.......................................
4.00
7/1/38
5
15
Fannie
Mae,
Pool
#MA3244
.......................................
4.00
1/1/38
14
31
Fannie
Mae,
Pool
#CA1894
.......................................
4.00
6/1/48
30
45
Fannie
Mae,
Pool
#MA3211
.......................................
4.00
12/1/47
43
26
Fannie
Mae,
Pool
#BN0594
.......................................
4.00
12/1/48
24
9
Fannie
Mae,
Pool
#FM1101
.......................................
4.00
7/1/34
9
16
Fannie
Mae,
Pool
#CA2474
.......................................
4.00
7/1/48
16
216
Fannie
Mae,
Pool
#MA4732
.......................................
4.00
9/1/52
204
29
Fannie
Mae,
Pool
#BK9697
.......................................
4.00
12/1/48
28
14
Fannie
Mae,
Pool
#AY0025
.......................................
4.00
2/1/45
14
85
Fannie
Mae,
Pool
#AZ8067
.......................................
4.00
9/1/45
81
25
Fannie
Mae,
Pool
#AC7328
.......................................
4.00
12/1/39
24
18
Fannie
Mae,
Pool
#AY8981
.......................................
4.00
8/1/45
17
41
Fannie
Mae,
Pool
#AZ7362
.......................................
4.00
11/1/45
40
67
Fannie
Mae,
Pool
#FM5134
.......................................
4.00
1/1/49
64
4
Fannie
Mae,
Pool
#MA2536
.......................................
4.00
2/1/36
4
31
Fannie
Mae,
Pool
#MA3615
.......................................
4.00
3/1/49
29
13
Fannie
Mae,
Pool
#MA3592
.......................................
4.00
2/1/49
12
3
Fannie
Mae,
Pool
#MA3037
.......................................
4.00
6/1/37
3
19
Fannie
Mae,
Pool
#AY2291
.......................................
4.00
3/1/45
18
27
Fannie
Mae,
Pool
#AS2498
........................................
4.00
5/1/44
27
10
Fannie
Mae,
Pool
#CA2469
.......................................
4.00
10/1/48
9
19
Fannie
Mae,
Pool
#MA3638
.......................................
4.00
4/1/49
18
8
Fannie
Mae,
Pool
#AH3394
.......................................
4.00
1/1/41
8
20
Fannie
Mae,
Pool
#BK0915
.......................................
4.00
7/1/48
19
74
Fannie
Mae,
Pool
#AY1377
.......................................
4.00
4/1/45
72
29
Fannie
Mae,
Pool
#MA3563
.......................................
4.00
1/1/49
27
38
Fannie
Mae,
Pool
#FM1960
.......................................
4.00
5/1/49
37
2
Fannie
Mae,
Pool
#CA3084
.......................................
4.00
2/1/49
2
7
Fannie
Mae,
Pool
#MA3427
.......................................
4.00
7/1/33
7
34
Fannie
Mae,
Pool
#AS9486
........................................
4.00
4/1/47
32
59
Fannie
Mae,
Pool
#MA2995
.......................................
4.00
5/1/47
56
11
Fannie
Mae,
Pool
#AL4778
.......................................
4.00
10/1/32
11
36
Fannie
Mae,
Pool
#AS3216
........................................
4.00
9/1/44
35
39
Fannie
Mae,
Pool
#AX0841
.......................................
4.00
9/1/44
38
41
Fannie
Mae,
Pool
#AS9831
........................................
4.00
6/1/47
39
46
Fannie
Mae,
Pool
#BM2002
.......................................
4.00
10/1/47
44
45
Fannie
Mae,
Pool
#MA3121
.......................................
4.00
9/1/47
43
66
Fannie
Mae,
Pool
#AO2959
.......................................
4.00
5/1/42
64
—
Fannie
Mae,
Pool
#AL2689
.......................................
4.00
2/1/27
—
56
Fannie
Mae,
Pool
#AU3753
.......................................
4.00
8/1/43
54
108
Fannie
Mae,
Pool
#AS0531
........................................
4.00
9/1/43
105
6
Fannie
Mae,
Pool
#AU8849
.......................................
4.00
11/1/43
6
34
Fannie
Mae,
Pool
#AS3467
........................................
4.00
10/1/44
33
33
Fannie
Mae,
Pool
#AS3293
........................................
4.00
9/1/44
32
27
Fannie
Mae,
Pool
#AS3468
........................................
4.00
10/1/44
27
27
Fannie
Mae,
Pool
#AS7600
........................................
4.00
7/1/46
26
48
Fannie
Mae,
Pool
#CA0183
.......................................
4.00
8/1/47
46
9
Fannie
Mae,
Pool
#BJ0639
........................................
4.00
3/1/48
9
11
Fannie
Mae,
Pool
#BH2623
.......................................
4.00
8/1/47
10
42
Fannie
Mae,
Pool
#FM0021
.......................................
4.00
3/1/49
40
6
Fannie
Mae,
Pool
#MA0695
.......................................
4.00
4/1/31
6
116
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
73
Fannie
Mae,
Pool
#AS7558
........................................
4.00
7/1/46
$
69
77
Fannie
Mae,
Pool
#BN6677
.......................................
4.00
6/1/49
73
31
Fannie
Mae,
Pool
#FM1571
.......................................
4.00
12/1/48
30
18
Fannie
Mae,
Pool
#BM4991
.......................................
4.00
9/1/48
18
20
Fannie
Mae,
Pool
#CA0623
.......................................
4.50
10/1/47
20
2
Fannie
Mae,
Pool
#BN0877
.......................................
4.50
11/1/48
2
15
Fannie
Mae,
Pool
#BK5283
.......................................
4.50
6/1/48
15
—
Fannie
Mae,
Pool
#930998
........................................
4.50
4/1/29
—
470
Fannie
Mae,
Pool
#FA3844
........................................
4.50
12/1/55
453
13
Fannie
Mae,
Pool
#BE6489
........................................
4.50
1/1/47
13
40
Fannie
Mae,
Pool
#AI4815
........................................
4.50
6/1/41
40
4
Fannie
Mae,
Pool
#AS2751
........................................
4.50
6/1/44
4
35
Fannie
Mae,
Pool
#AS8157
........................................
4.50
10/1/46
34
8
Fannie
Mae,
Pool
#AH6790
.......................................
4.50
3/1/41
8
81
Fannie
Mae,
Pool
#AS9394
........................................
4.50
4/1/47
79
8
Fannie
Mae,
Pool
#AA0860
.......................................
4.50
1/1/39
8
425
Fannie
Mae,
Pool
#MA5612
.......................................
4.50
2/1/55
410
333
Fannie
Mae,
Pool
#MA5070
.......................................
4.50
7/1/53
322
7
Fannie
Mae,
Pool
#AS0861
........................................
4.50
10/1/43
7
38
Fannie
Mae,
Pool
#AB3192
.......................................
4.50
6/1/41
38
9
Fannie
Mae,
Pool
#AB1470
.......................................
4.50
9/1/40
9
142
Fannie
Mae,
Pool
#AL1107
........................................
4.50
11/1/41
141
361
Fannie
Mae,
Pool
#BV7928
.......................................
4.50
8/1/52
350
12
Fannie
Mae,
Pool
#AE0954
.......................................
4.50
2/1/41
12
3
Fannie
Mae,
Pool
#BK8830
.......................................
4.50
8/1/48
3
16
Fannie
Mae,
Pool
#MA3522
.......................................
4.50
11/1/48
16
1
Fannie
Mae,
Pool
#BN4309
.......................................
4.50
1/1/49
1
102
Fannie
Mae,
Pool
#AH9055
.......................................
4.50
4/1/41
101
45
Fannie
Mae,
Pool
#BK1416
.......................................
4.50
5/1/48
44
23
Fannie
Mae,
Pool
#AS2276
........................................
4.50
4/1/44
23
20
Fannie
Mae,
Pool
#AB1389
.......................................
4.50
8/1/40
20
16
Fannie
Mae,
Pool
#MA3537
.......................................
4.50
12/1/48
16
3
Fannie
Mae,
Pool
#BK4850
.......................................
4.50
5/1/48
3
61
Fannie
Mae,
Pool
#AE0217
.......................................
4.50
8/1/40
61
41
Fannie
Mae,
Pool
#AD8529
.......................................
4.50
8/1/40
41
32
Fannie
Mae,
Pool
#BE5992
........................................
4.50
2/1/47
32
22
Fannie
Mae,
Pool
#AL5082
.......................................
4.50
3/1/44
22
9
Fannie
Mae,
Pool
#FM3619
.......................................
4.50
1/1/50
9
5
Fannie
Mae,
Pool
#MA3747
.......................................
4.50
8/1/49
4
34
Fannie
Mae,
Pool
#AL4450
.......................................
4.50
12/1/43
33
9
Fannie
Mae,
Pool
#CA1218
.......................................
4.50
2/1/48
8
44
Fannie
Mae,
Pool
#CA1711
.......................................
4.50
5/1/48
43
12
Fannie
Mae,
Pool
#MA3593
.......................................
4.50
2/1/49
12
12
Fannie
Mae,
Pool
#AU5302
.......................................
4.50
10/1/43
12
21
Fannie
Mae,
Pool
#AS1638
........................................
4.50
2/1/44
21
110
Fannie
Mae,
Pool
#AH7521
.......................................
4.50
3/1/41
109
31
Fannie
Mae,
Pool
#CA0148
.......................................
4.50
8/1/47
30
3
Fannie
Mae,
Pool
#BM3286
.......................................
4.50
11/1/47
3
1
Fannie
Mae,
Pool
#BK6328
.......................................
4.50
6/1/48
1
15
Fannie
Mae,
Pool
#MA0481
.......................................
4.50
8/1/30
15
7
Fannie
Mae,
Pool
#AL8816
.......................................
4.50
9/1/45
7
186
Fannie
Mae,
Pool
#MA3184
.......................................
4.50
11/1/47
183
11
Fannie
Mae,
Pool
#AS8576
........................................
4.50
12/1/46
11
40
Fannie
Mae,
Pool
#MA3639
.......................................
4.50
4/1/49
39
13
Fannie
Mae,
Pool
#BM1285
.......................................
4.50
5/1/47
12
229
Fannie
Mae,
Pool
#FA0621
........................................
5.00
7/1/53
229
7
Fannie
Mae,
Pool
#MA3617
.......................................
5.00
3/1/49
7
9
Fannie
Mae,
Pool
#CA0349
.......................................
5.00
9/1/47
9
417
Fannie
Mae,
Pool
#CB9309
.......................................
5.00
10/1/54
412
117
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
8
Fannie
Mae,
Pool
#CA1795
.......................................
5.00
5/1/48
$
8
11
Fannie
Mae,
Pool
#890603
........................................
5.00
8/1/41
11
94
Fannie
Mae,
Pool
#MA5539
.......................................
5.00
11/1/44
94
15
Fannie
Mae,
Pool
#725238
........................................
5.00
3/1/34
15
167
Fannie
Mae,
Pool
#889117
........................................
5.00
10/1/35
167
7
Fannie
Mae,
Pool
#MA3527
.......................................
5.00
11/1/48
7
6
Fannie
Mae,
Pool
#MA3708
.......................................
5.00
6/1/49
6
9
Fannie
Mae,
Pool
#MA3472
.......................................
5.00
9/1/48
9
15
Fannie
Mae,
Pool
#MA3594
.......................................
5.00
2/1/49
15
910
Fannie
Mae,
Pool
#MA5909
.......................................
5.00
12/1/55
897
219
Fannie
Mae,
Pool
#MA5860
.......................................
5.00
10/1/40
221
138
Fannie
Mae,
Pool
#MA5805
.......................................
5.00
8/1/45
138
18
Fannie
Mae,
Pool
#BM3904
.......................................
5.00
5/1/48
18
239
Fannie
Mae,
Pool
#MA4918
.......................................
5.00
2/1/53
237
25
Fannie
Mae,
Pool
#AH5988
.......................................
5.00
3/1/41
25
335
Fannie
Mae,
Pool
#FS7252
........................................
5.00
11/1/53
332
—
Fannie
Mae,
Pool
#BM3781
.......................................
5.00
11/1/30
—
21
Fannie
Mae,
Pool
#MA5164
.......................................
5.00
10/1/53
21
8
Fannie
Mae,
Pool
#890621
........................................
5.00
5/1/42
8
19
Fannie
Mae,
Pool
#AL5788
.......................................
5.00
5/1/42
19
16
Fannie
Mae,
Pool
#AS0837
........................................
5.00
10/1/43
16
277
Fannie
Mae,
Pool
#MA4761
.......................................
5.00
9/1/52
275
2
Fannie
Mae,
Pool
#725027
........................................
5.00
11/1/33
2
433
Fannie
Mae,
Pool
#MA5585
.......................................
5.00
1/1/55
427
203
Fannie
Mae,
Pool
#MA5496
.......................................
5.00
10/1/54
200
343
Fannie
Mae,
Pool
#MA5071
.......................................
5.00
7/1/53
340
10
Fannie
Mae,
Pool
#MA3669
.......................................
5.00
5/1/49
10
17
Fannie
Mae,
Pool
#AS0575
........................................
5.00
9/1/43
17
17
Fannie
Mae,
Pool
#836750
........................................
5.00
10/1/35
17
313
Fannie
Mae,
Pool
#MA5072
.......................................
5.50
7/1/53
316
292
Fannie
Mae,
Pool
#MA4919
.......................................
5.50
2/1/53
295
331
Fannie
Mae,
Pool
#MA5010
.......................................
5.50
5/1/53
334
307
Fannie
Mae,
Pool
#MA5190
.......................................
5.50
11/1/53
309
263
Fannie
Mae,
Pool
#890221
........................................
5.50
12/1/33
268
307
Fannie
Mae,
Pool
#MA5165
.......................................
5.50
10/1/53
309
313
Fannie
Mae,
Pool
#FA3660
........................................
5.50
11/1/55
315
300
Fannie
Mae,
Pool
#FS3360
........................................
5.50
12/1/52
305
255
Fannie
Mae,
Pool
#FA1252
........................................
5.50
4/1/55
258
382
Fannie
Mae,
Pool
#MA5470
.......................................
5.50
9/1/54
384
5
Fannie
Mae,
Pool
#929451
........................................
5.50
5/1/38
5
324
Fannie
Mae,
Pool
#MA5138
.......................................
5.50
9/1/53
327
19
Fannie
Mae,
Pool
#MA5215
.......................................
5.50
12/1/53
19
415
Fannie
Mae,
Pool
#MA5879
.......................................
5.50
11/1/55
417
368
Fannie
Mae,
Pool
#MA5444
.......................................
5.50
8/1/54
370
414
Fannie
Mae,
Pool
#CB9331
.......................................
5.50
10/1/54
422
65
Fannie
Mae,
Pool
#MA5393
.......................................
5.50
6/1/39
66
93
Fannie
Mae,
Pool
#FA2026
........................................
5.50
9/1/54
95
402
Fannie
Mae,
Pool
#MA5107
.......................................
5.50
8/1/53
404
383
Fannie
Mae,
Pool
#FS4840
........................................
5.50
5/1/53
386
378
Fannie
Mae,
Pool
#CC0102
.......................................
5.50
3/1/55
383
130
Fannie
Mae,
Pool
#MA5563
.......................................
5.50
12/1/44
132
364
Fannie
Mae,
Pool
#FA0608
........................................
5.50
2/1/55
366
334
Fannie
Mae,
Pool
#CB8916
.......................................
6.00
7/1/54
341
300
Fannie
Mae,
Pool
#MA5247
.......................................
6.00
1/1/54
306
356
Fannie
Mae,
Pool
#CC0262
.......................................
6.00
4/1/55
368
407
Fannie
Mae,
Pool
#CC0721
.......................................
6.00
7/1/55
421
484
Fannie
Mae,
Pool
#MA5854
.......................................
6.00
10/1/55
493
138
Fannie
Mae,
Pool
#CC0878
.......................................
6.00
8/1/55
141
106
Fannie
Mae,
Pool
#CC1027
.......................................
6.00
9/1/55
110
118
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
199
Fannie
Mae,
Pool
#MA5073
.......................................
6.00
7/1/53
$
202
266
Fannie
Mae,
Pool
#MA5166
.......................................
6.00
10/1/53
271
260
Fannie
Mae,
Pool
#MA5108
.......................................
6.00
8/1/53
265
392
Fannie
Mae,
Pool
#CC0405
.......................................
6.00
5/1/55
406
478
Fannie
Mae,
Pool
#CB9160
.......................................
6.00
9/1/54
496
296
Fannie
Mae,
Pool
#MA5445
.......................................
6.00
8/1/54
302
110
Fannie
Mae,
Pool
#CB8159
.......................................
6.00
3/1/54
114
276
Fannie
Mae,
Pool
#MA5191
.......................................
6.00
11/1/53
282
352
Fannie
Mae,
Pool
#FA0872
........................................
6.00
10/1/54
364
317
Fannie
Mae,
Pool
#MA5471
.......................................
6.00
9/1/54
323
321
Fannie
Mae,
Pool
#MA5587
.......................................
6.00
1/1/55
328
227
Fannie
Mae,
Pool
#MA5498
.......................................
6.00
10/1/54
232
159
Fannie
Mae,
Pool
#725228
........................................
6.00
3/1/34
164
372
Fannie
Mae,
Pool
#CB8854
.......................................
6.00
7/1/54
381
7
Fannie
Mae,
Pool
#959451
........................................
6.00
12/1/37
8
414
Fannie
Mae,
Pool
#CB9991
.......................................
6.00
2/1/55
429
16
Fannie
Mae,
Pool
#MA5389
.......................................
6.00
6/1/54
16
34
Fannie
Mae,
Pool
#CB5704
.......................................
6.00
2/1/53
35
285
Fannie
Mae,
Pool
#MA5631
.......................................
6.50
2/1/55
295
41
Fannie
Mae,
Pool
#889984
........................................
6.50
10/1/38
43
131
Fannie
Mae,
Pool
#MA5824
.......................................
6.50
9/1/55
135
286
Fannie
Mae,
Pool
#MA5472
.......................................
6.50
9/1/54
295
249
Fannie
Mae,
Pool
#MA5422
.......................................
6.50
7/1/54
257
370
Fannie
Mae,
Pool
#FA3200
........................................
6.50
8/1/55
386
309
Fannie
Mae,
Pool
#FS9978
........................................
6.50
9/1/54
321
169
Fannie
Mae,
Pool
#MA5273
.......................................
6.50
2/1/54
175
192
Fannie
Mae,
Pool
#MA5217
.......................................
6.50
12/1/53
200
216
Fannie
Mae,
Pool
#MA5140
.......................................
6.50
9/1/53
225
142
Fannie
Mae,
Pool
#MA5855
.......................................
6.50
10/1/55
147
451
Fannie
Mae,
Pool
#CB7651
.......................................
6.50
12/1/53
471
237
Fannie
Mae,
Pool
#MA5738
.......................................
7.00
6/1/55
249
200
Fannie
Mae,
Pool
#FA1000
........................................
7.00
2/1/55
210
425
Fannie
Mae,
15
YR
TBA
.........................................
1.50
4/25/41
382
25
Fannie
Mae,
15
YR
TBA
.........................................
1.50
5/25/40
22
500
Fannie
Mae,
15
YR
TBA
.........................................
2.00
4/25/41
459
25
Fannie
Mae,
15
YR
TBA
.........................................
2.00
5/25/40
23
25
Fannie
Mae,
15
YR
TBA
.........................................
2.50
5/25/40
24
150
Fannie
Mae,
15
YR
TBA
.........................................
2.50
4/25/41
142
175
Fannie
Mae,
15
YR
TBA
.........................................
3.00
4/25/41
167
125
Fannie
Mae,
15
YR
TBA
.........................................
3.50
4/25/41
120
275
Fannie
Mae,
15
YR
TBA
.........................................
4.00
4/25/41
268
450
Fannie
Mae,
15
YR
TBA
.........................................
4.50
4/25/41
446
400
Fannie
Mae,
15
YR
TBA
.........................................
5.00
4/25/41
403
325
Fannie
Mae,
15
YR
TBA
.........................................
5.50
4/25/41
331
150
Fannie
Mae,
15
YR
TBA
.........................................
6.00
4/25/41
155
25
Fannie
Mae,
15
YR
TBA
.........................................
6.00
5/25/40
26
625
Fannie
Mae,
30
YR
TBA
.........................................
1.50
4/25/56
480
25
Fannie
Mae,
30
YR
TBA
.........................................
1.50
5/25/56
19
275
Fannie
Mae,
30
YR
TBA
.........................................
2.00
5/25/56
221
2,000
Fannie
Mae,
30
YR
TBA
.........................................
2.00
4/25/56
1,608
1,625
Fannie
Mae,
30
YR
TBA
.........................................
2.50
4/25/56
1,367
175
Fannie
Mae,
30
YR
TBA
.........................................
2.50
5/25/56
147
50
Fannie
Mae,
30
YR
TBA
.........................................
3.00
5/25/56
44
1,200
Fannie
Mae,
30
YR
TBA
.........................................
3.00
4/25/56
1,054
550
Fannie
Mae,
30
YR
TBA
.........................................
3.50
4/25/56
504
75
Fannie
Mae,
30
YR
TBA
.........................................
3.50
5/25/55
69
50
Fannie
Mae,
30
YR
TBA
.........................................
4.00
5/25/41
47
875
Fannie
Mae,
30
YR
TBA
.........................................
4.00
4/25/56
825
500
Fannie
Mae,
30
YR
TBA
.........................................
4.50
4/25/41
482
119
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
275
Fannie
Mae,
30
YR
TBA
.........................................
4.50
5/25/56
$
265
875
Fannie
Mae,
30
YR
TBA
.........................................
5.00
5/25/56
861
1,500
Fannie
Mae,
30
YR
TBA
.........................................
5.00
4/25/56
1,480
525
Fannie
Mae,
30
YR
TBA
.........................................
5.50
5/25/56
527
1,700
Fannie
Mae,
30
YR
TBA
.........................................
5.50
4/25/56
1,708
1,075
Fannie
Mae,
30
YR
TBA
.........................................
6.00
4/25/56
1,096
175
Fannie
Mae,
30
YR
TBA
.........................................
6.00
5/25/56
178
450
Fannie
Mae,
30
YR
TBA
.........................................
6.50
4/25/56
465
125
Fannie
Mae,
30
YR
TBA
.........................................
6.50
5/25/56
129
350
Fannie
Mae,
30
YR
TBA
.........................................
7.00
4/25/56
368
317
Freddie
Mac,
Pool
#SB8144
.......................................
1.50
3/1/37
285
157
Freddie
Mac,
Pool
#SD8139
.......................................
1.50
4/1/51
121
60
Freddie
Mac,
Pool
#SD8082
.......................................
1.50
10/1/50
47
174
Freddie
Mac,
Pool
#QN9521
.......................................
1.50
2/1/37
157
282
Freddie
Mac,
Pool
#SB8106
.......................................
1.50
6/1/36
254
373
Freddie
Mac,
Pool
#SD8154
.......................................
1.50
7/1/51
288
363
Freddie
Mac,
Pool
#QC0962
.......................................
1.50
4/1/51
280
67
Freddie
Mac,
Pool
#RB5110
.......................................
1.50
5/1/41
57
309
Freddie
Mac,
Pool
#SB8088
.......................................
1.50
2/1/36
279
277
Freddie
Mac,
Pool
#SB8097
.......................................
1.50
4/1/36
249
304
Freddie
Mac,
Pool
#SB8083
.......................................
1.50
1/1/36
276
371
Freddie
Mac,
Pool
#QC3697
.......................................
2.00
6/1/51
301
434
Freddie
Mac,
Pool
#SD8193
.......................................
2.00
2/1/52
351
183
Freddie
Mac,
Pool
#RA5256
.......................................
2.00
5/1/51
148
106
Freddie
Mac,
Pool
#RB5141
.......................................
2.00
1/1/42
93
331
Freddie
Mac,
Pool
#SD8128
.......................................
2.00
2/1/51
268
354
Freddie
Mac,
Pool
#QC4423
.......................................
2.00
7/1/51
287
297
Freddie
Mac,
Pool
#RB5153
.......................................
2.00
4/1/42
256
352
Freddie
Mac,
Pool
#QC1333
.......................................
2.00
5/1/51
285
396
Freddie
Mac,
Pool
#QD5748
.......................................
2.00
2/1/52
321
164
Freddie
Mac,
Pool
#SB8061
.......................................
2.00
9/1/35
152
378
Freddie
Mac,
Pool
#SD8172
.......................................
2.00
10/1/51
305
427
Freddie
Mac,
Pool
#SD8188
.......................................
2.00
1/1/52
345
360
Freddie
Mac,
Pool
#QB9896
.......................................
2.00
3/1/51
292
226
Freddie
Mac,
Pool
#QC0423
.......................................
2.00
4/1/51
183
94
Freddie
Mac,
Pool
#QO0110
.......................................
2.00
4/1/37
87
117
Freddie
Mac,
Pool
#QD3162
.......................................
2.00
12/1/51
95
428
Freddie
Mac,
Pool
#SB8128
.......................................
2.00
11/1/36
394
53
Freddie
Mac,
Pool
#ZS7735
.......................................
2.00
1/1/32
51
375
Freddie
Mac,
Pool
#SD8199
.......................................
2.00
3/1/52
303
435
Freddie
Mac,
Pool
#SD8113
.......................................
2.00
12/1/50
353
265
Freddie
Mac,
Pool
#SB8115
.......................................
2.00
8/1/36
244
375
Freddie
Mac,
Pool
#SL1729
.......................................
2.00
2/1/52
309
226
Freddie
Mac,
Pool
#RA6026
.......................................
2.00
10/1/51
183
104
Freddie
Mac,
Pool
#RB5138
.......................................
2.00
12/1/41
91
71
Freddie
Mac,
Pool
#SD0731
.......................................
2.00
5/1/51
58
348
Freddie
Mac,
Pool
#RA5040
.......................................
2.00
4/1/51
282
338
Freddie
Mac,
Pool
#SD8134
.......................................
2.00
3/1/51
274
222
Freddie
Mac,
Pool
#RA5257
.......................................
2.00
5/1/51
180
366
Freddie
Mac,
Pool
#SD8079
.......................................
2.00
7/1/50
298
211
Freddie
Mac,
Pool
#RB5114
.......................................
2.00
6/1/41
184
369
Freddie
Mac,
Pool
#QD0433
.......................................
2.00
11/1/51
299
186
Freddie
Mac,
Pool
#QD1254
.......................................
2.00
11/1/51
151
374
Freddie
Mac,
Pool
#RA6333
.......................................
2.00
11/1/51
301
375
Freddie
Mac,
Pool
#QC7473
.......................................
2.00
9/1/51
305
15
Freddie
Mac,
Pool
#RA3575
.......................................
2.00
9/1/50
13
206
Freddie
Mac,
Pool
#RA6025
.......................................
2.00
10/1/51
168
370
Freddie
Mac,
Pool
#SD8160
.......................................
2.00
8/1/51
300
151
Freddie
Mac,
Pool
#RB5121
.......................................
2.00
8/1/41
131
120
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
130
Freddie
Mac,
Pool
#RB5111
.......................................
2.00
5/1/41
$
113
351
Freddie
Mac,
Pool
#RA6507
.......................................
2.00
12/1/51
284
360
Freddie
Mac,
Pool
#QC6925
.......................................
2.00
9/1/51
292
401
Freddie
Mac,
Pool
#SD8177
.......................................
2.00
11/1/51
324
353
Freddie
Mac,
Pool
#QB6893
.......................................
2.00
12/1/50
288
385
Freddie
Mac,
Pool
#SD8182
.......................................
2.00
12/1/51
311
210
Freddie
Mac,
Pool
#SD8146
.......................................
2.00
5/1/51
170
342
Freddie
Mac,
Pool
#RA3328
.......................................
2.00
8/1/50
279
410
Freddie
Mac,
Pool
#RA3606
.......................................
2.00
10/1/50
335
267
Freddie
Mac,
Pool
#SB8107
.......................................
2.00
6/1/36
247
294
Freddie
Mac,
Pool
#SB8510
.......................................
2.00
2/1/36
271
225
Freddie
Mac,
Pool
#RC1727
.......................................
2.00
12/1/35
207
117
Freddie
Mac,
Pool
#RB5095
.......................................
2.00
1/1/41
103
325
Freddie
Mac,
Pool
#SD8121
.......................................
2.00
1/1/51
264
336
Freddie
Mac,
Pool
#RA4214
.......................................
2.00
12/1/50
274
232
Freddie
Mac,
Pool
#SD8150
.......................................
2.00
6/1/51
188
218
Freddie
Mac,
Pool
#SD7537
.......................................
2.00
3/1/51
178
333
Freddie
Mac,
Pool
#QC6815
.......................................
2.00
9/1/51
270
303
Freddie
Mac,
Pool
#QB3716
.......................................
2.00
9/1/50
247
338
Freddie
Mac,
Pool
#RA5928
.......................................
2.00
9/1/51
274
314
Freddie
Mac,
Pool
#QB3926
.......................................
2.00
10/1/50
256
315
Freddie
Mac,
Pool
#QC1075
.......................................
2.00
4/1/51
255
315
Freddie
Mac,
Pool
#QB8064
.......................................
2.00
1/1/51
256
421
Freddie
Mac,
Pool
#QB7708
.......................................
2.00
1/1/51
342
390
Freddie
Mac,
Pool
#RA5155
.......................................
2.00
5/1/51
314
284
Freddie
Mac,
Pool
#SB8079
.......................................
2.00
12/1/35
263
321
Freddie
Mac,
Pool
#RA3205
.......................................
2.00
8/1/50
264
363
Freddie
Mac,
Pool
#SD8098
.......................................
2.00
10/1/50
295
298
Freddie
Mac,
Pool
#RA4986
.......................................
2.00
4/1/51
244
212
Freddie
Mac,
Pool
#RB5148
.......................................
2.00
3/1/42
182
366
Freddie
Mac,
Pool
#QC3597
.......................................
2.00
6/1/51
297
333
Freddie
Mac,
Pool
#RA5802
.......................................
2.50
9/1/51
284
14
Freddie
Mac,
Pool
#RA4527
.......................................
2.50
2/1/51
12
138
Freddie
Mac,
Pool
#RA2643
.......................................
2.50
6/1/50
119
372
Freddie
Mac,
Pool
#RA6765
.......................................
2.50
2/1/52
318
356
Freddie
Mac,
Pool
#RA5832
.......................................
2.50
9/1/51
303
337
Freddie
Mac,
Pool
#QC9156
.......................................
2.50
10/1/51
286
300
Freddie
Mac,
Pool
#SD8021
.......................................
2.50
9/1/49
257
6
Freddie
Mac,
Pool
#ZT2094
.......................................
2.50
6/1/34
6
92
Freddie
Mac,
Pool
#QE2352
.......................................
2.50
5/1/52
78
424
Freddie
Mac,
Pool
#SD1011
.......................................
2.50
4/1/52
358
50
Freddie
Mac,
Pool
#RB5054
.......................................
2.50
6/1/40
45
399
Freddie
Mac,
Pool
#SD8212
.......................................
2.50
5/1/52
337
90
Freddie
Mac,
Pool
#RB5086
.......................................
2.50
11/1/40
82
203
Freddie
Mac,
Pool
#RB5157
.......................................
2.50
5/1/42
182
67
Freddie
Mac,
Pool
#SB8045
.......................................
2.50
5/1/35
63
318
Freddie
Mac,
Pool
#SD8141
.......................................
2.50
4/1/51
270
91
Freddie
Mac,
Pool
#SB8108
.......................................
2.50
6/1/36
86
354
Freddie
Mac,
Pool
#RA6019
.......................................
2.50
10/1/51
302
36
Freddie
Mac,
Pool
#RA6815
.......................................
2.50
2/1/52
31
41
Freddie
Mac,
Pool
#RB5072
.......................................
2.50
9/1/40
37
48
Freddie
Mac,
Pool
#RB5043
.......................................
2.50
4/1/40
43
378
Freddie
Mac,
Pool
#RA6621
.......................................
2.50
1/1/52
324
403
Freddie
Mac,
Pool
#RA6493
.......................................
2.50
12/1/51
339
407
Freddie
Mac,
Pool
#SD7226
.......................................
2.50
5/1/52
348
188
Freddie
Mac,
Pool
#QA9142
.......................................
2.50
5/1/50
160
172
Freddie
Mac,
Pool
#SD8067
.......................................
2.50
6/1/50
145
222
Freddie
Mac,
Pool
#RA3528
.......................................
2.50
9/1/50
187
106
Freddie
Mac,
Pool
#SB0301
.......................................
2.50
4/1/35
100
121
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
341
Freddie
Mac,
Pool
#RA6340
.......................................
2.50
11/1/51
$
290
364
Freddie
Mac,
Pool
#QD5204
.......................................
2.50
1/1/52
309
337
Freddie
Mac,
Pool
#RA5286
.......................................
2.50
5/1/51
284
368
Freddie
Mac,
Pool
#SD8189
.......................................
2.50
1/1/52
311
268
Freddie
Mac,
Pool
#SD8122
.......................................
2.50
1/1/51
227
364
Freddie
Mac,
Pool
#SD8183
.......................................
2.50
12/1/51
309
23
Freddie
Mac,
Pool
#SB8062
.......................................
2.50
9/1/35
22
350
Freddie
Mac,
Pool
#SD0780
.......................................
2.50
12/1/51
297
213
Freddie
Mac,
Pool
#SD8205
.......................................
2.50
4/1/52
180
141
Freddie
Mac,
Pool
#RA2645
.......................................
2.50
6/1/50
120
357
Freddie
Mac,
Pool
#QC7457
.......................................
2.50
9/1/51
303
269
Freddie
Mac,
Pool
#SD0578
.......................................
2.50
3/1/51
229
269
Freddie
Mac,
Pool
#SD8129
.......................................
2.50
2/1/51
228
414
Freddie
Mac,
Pool
#SD8194
.......................................
2.50
2/1/52
351
12
Freddie
Mac,
Pool
#ZS8483
.......................................
2.50
3/1/28
12
254
Freddie
Mac,
Pool
#RA2634
.......................................
2.50
5/1/50
217
253
Freddie
Mac,
Pool
#QB3287
.......................................
2.50
8/1/50
214
200
Freddie
Mac,
Pool
#RA2595
.......................................
2.50
5/1/50
171
285
Freddie
Mac,
Pool
#SD8114
.......................................
2.50
12/1/50
240
330
Freddie
Mac,
Pool
#QC2031
.......................................
2.50
5/1/51
280
28
Freddie
Mac,
Pool
#ZK8425
.......................................
2.50
12/1/31
27
235
Freddie
Mac,
Pool
#QB3703
.......................................
2.50
9/1/50
198
20
Freddie
Mac,
Pool
#RA6136
.......................................
2.50
10/1/51
17
264
Freddie
Mac,
Pool
#SD8151
.......................................
2.50
6/1/51
224
268
Freddie
Mac,
Pool
#SD0412
.......................................
2.50
8/1/50
232
61
Freddie
Mac,
Pool
#ZS4687
.......................................
2.50
11/1/46
53
166
Freddie
Mac,
Pool
#RA2897
.......................................
2.50
6/1/50
142
15
Freddie
Mac,
Pool
#SB8053
.......................................
2.50
7/1/35
14
335
Freddie
Mac,
Pool
#QC2251
.......................................
2.50
5/1/51
284
262
Freddie
Mac,
Pool
#SD8167
.......................................
2.50
9/1/51
223
130
Freddie
Mac,
Pool
#QA5290
.......................................
2.50
12/1/49
111
141
Freddie
Mac,
Pool
#SD8083
.......................................
2.50
8/1/50
119
242
Freddie
Mac,
Pool
#SD8099
.......................................
2.50
10/1/50
206
391
Freddie
Mac,
Pool
#SD8147
.......................................
2.50
5/1/51
332
115
Freddie
Mac,
Pool
#SD8055
.......................................
2.50
4/1/50
97
28
Freddie
Mac,
Pool
#ZS8692
.......................................
2.50
4/1/33
27
111
Freddie
Mac,
Pool
#ZS4697
.......................................
3.00
1/1/47
100
44
Freddie
Mac,
Pool
#RA2594
.......................................
3.00
5/1/50
40
90
Freddie
Mac,
Pool
#ZM2285
.......................................
3.00
12/1/46
81
9
Freddie
Mac,
Pool
#ZA2304
.......................................
3.00
6/1/33
8
40
Freddie
Mac,
Pool
#ZS4688
.......................................
3.00
11/1/46
36
105
Freddie
Mac,
Pool
#QA9049
.......................................
3.00
4/1/50
94
80
Freddie
Mac,
Pool
#SD8242
.......................................
3.00
9/1/52
71
76
Freddie
Mac,
Pool
#SB8046
.......................................
3.00
5/1/35
73
26
Freddie
Mac,
Pool
#ZS4641
.......................................
3.00
12/1/45
24
9
Freddie
Mac,
Pool
#ZT2019
.......................................
3.00
5/1/34
9
46
Freddie
Mac,
Pool
#ZM2721
.......................................
3.00
2/1/47
42
66
Freddie
Mac,
Pool
#ZM2089
.......................................
3.00
11/1/46
60
68
Freddie
Mac,
Pool
#QA1033
.......................................
3.00
7/1/49
60
25
Freddie
Mac,
Pool
#SD8030
.......................................
3.00
12/1/49
22
109
Freddie
Mac,
Pool
#SD8184
.......................................
3.00
12/1/51
97
85
Freddie
Mac,
Pool
#SD8024
.......................................
3.00
11/1/49
76
39
Freddie
Mac,
Pool
#ZT1323
.......................................
3.00
10/1/48
35
398
Freddie
Mac,
Pool
#ZS4522
.......................................
3.00
7/1/43
364
47
Freddie
Mac,
Pool
#ZM2169
.......................................
3.00
11/1/46
42
62
Freddie
Mac,
Pool
#QA8065
.......................................
3.00
3/1/50
55
34
Freddie
Mac,
Pool
#ZT0195
.......................................
3.00
9/1/46
31
183
Freddie
Mac,
Pool
#QB1382
.......................................
3.00
7/1/50
163
18
Freddie
Mac,
Pool
#ZS4511
.......................................
3.00
3/1/43
17
122
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
29
Freddie
Mac,
Pool
#ZT0715
.......................................
3.00
9/1/48
$
26
133
Freddie
Mac,
Pool
#ZS4519
.......................................
3.00
6/1/43
122
314
Freddie
Mac,
Pool
#QD9881
.......................................
3.00
3/1/52
277
22
Freddie
Mac,
Pool
#ZS4703
.......................................
3.00
2/1/47
20
46
Freddie
Mac,
Pool
#ZS4779
.......................................
3.00
6/1/48
41
88
Freddie
Mac,
Pool
#ZS4658
.......................................
3.00
4/1/46
80
35
Freddie
Mac,
Pool
#ZA2313
.......................................
3.00
9/1/33
33
39
Freddie
Mac,
Pool
#SD8056
.......................................
3.00
4/1/50
35
12
Freddie
Mac,
Pool
#ZS4606
.......................................
3.00
3/1/45
11
60
Freddie
Mac,
Pool
#SD8074
.......................................
3.00
7/1/50
53
69
Freddie
Mac,
Pool
#ZS4512
.......................................
3.00
5/1/43
63
57
Freddie
Mac,
Pool
#ZS4693
.......................................
3.00
12/1/46
51
77
Freddie
Mac,
Pool
#ZS4621
.......................................
3.00
7/1/45
70
306
Freddie
Mac,
Pool
#SD8174
.......................................
3.00
10/1/51
271
388
Freddie
Mac,
Pool
#SD5277
.......................................
3.00
7/1/52
342
66
Freddie
Mac,
Pool
#ZA1283
.......................................
3.00
1/1/43
61
18
Freddie
Mac,
Pool
#ZS8686
.......................................
3.00
2/1/33
17
68
Freddie
Mac,
Pool
#ZS4609
.......................................
3.00
4/1/45
62
57
Freddie
Mac,
Pool
#ZS4706
.......................................
3.00
3/1/47
51
116
Freddie
Mac,
Pool
#ZM4908
.......................................
3.50
11/1/47
108
15
Freddie
Mac,
Pool
#SB8007
.......................................
3.50
9/1/34
15
35
Freddie
Mac,
Pool
#ZS4704
.......................................
3.50
2/1/47
33
79
Freddie
Mac,
Pool
#ZS4618
.......................................
3.50
6/1/45
75
3
Freddie
Mac,
Pool
#ZA5052
.......................................
3.50
11/1/47
3
479
Freddie
Mac,
Pool
#SD8214
.......................................
3.50
5/1/52
440
—
Freddie
Mac,
Pool
#SB0031
.......................................
3.50
10/1/27
—
63
Freddie
Mac,
Pool
#QA8794
.......................................
3.50
4/1/50
59
50
Freddie
Mac,
Pool
#ZS4713
.......................................
3.50
4/1/47
47
7
Freddie
Mac,
Pool
#ZS4747
.......................................
3.50
12/1/47
6
23
Freddie
Mac,
Pool
#ZS4663
.......................................
3.50
5/1/46
21
81
Freddie
Mac,
Pool
#ZS4599
.......................................
3.50
1/1/45
76
11
Freddie
Mac,
Pool
#ZT0711
.......................................
3.50
10/1/48
10
29
Freddie
Mac,
Pool
#ZS4771
.......................................
3.50
6/1/48
27
19
Freddie
Mac,
Pool
#RA1508
.......................................
3.50
10/1/49
18
20
Freddie
Mac,
Pool
#ZS4759
.......................................
3.50
3/1/48
19
22
Freddie
Mac,
Pool
#ZT1951
.......................................
3.50
5/1/49
21
46
Freddie
Mac,
Pool
#SD8001
.......................................
3.50
7/1/49
43
67
Freddie
Mac,
Pool
#ZS4642
.......................................
3.50
12/1/45
62
83
Freddie
Mac,
Pool
#SD8226
.......................................
3.50
7/1/52
76
59
Freddie
Mac,
Pool
#ZS4651
.......................................
3.50
3/1/46
55
221
Freddie
Mac,
Pool
#ZS4487
.......................................
3.50
6/1/42
210
37
Freddie
Mac,
Pool
#SD8011
.......................................
3.50
9/1/49
34
43
Freddie
Mac,
Pool
#ZS4630
.......................................
3.50
9/1/45
40
33
Freddie
Mac,
Pool
#ZA5128
.......................................
3.50
12/1/47
30
97
Freddie
Mac,
Pool
#ZS4536
.......................................
3.50
10/1/43
92
20
Freddie
Mac,
Pool
#SD2253
.......................................
3.50
12/1/52
19
123
Freddie
Mac,
Pool
#RA2469
.......................................
3.50
4/1/50
113
59
Freddie
Mac,
Pool
#SB8183
.......................................
3.50
10/1/37
57
354
Freddie
Mac,
Pool
#SD0968
.......................................
3.50
4/1/52
327
246
Freddie
Mac,
Pool
#SD8038
.......................................
3.50
1/1/50
228
323
Freddie
Mac,
Pool
#SD8221
.......................................
3.50
6/1/52
296
23
Freddie
Mac,
Pool
#ZS4659
.......................................
3.50
4/1/46
22
48
Freddie
Mac,
Pool
#ZS4622
.......................................
3.50
7/1/45
45
35
Freddie
Mac,
Pool
#ZS4573
.......................................
4.00
7/1/44
34
5
Freddie
Mac,
Pool
#ZT1800
.......................................
4.00
3/1/34
5
161
Freddie
Mac,
Pool
#QE6074
.......................................
4.00
7/1/52
152
331
Freddie
Mac,
Pool
#SD8313
.......................................
4.00
4/1/53
312
28
Freddie
Mac,
Pool
#ZT1952
.......................................
4.00
5/1/49
27
77
Freddie
Mac,
Pool
#SD0290
.......................................
4.00
4/1/50
73
123
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
52
Freddie
Mac,
Pool
#ZA4988
.......................................
4.00
8/1/47
$
50
10
Freddie
Mac,
Pool
#ZN5030
.......................................
4.00
4/1/49
9
19
Freddie
Mac,
Pool
#ZT1840
.......................................
4.00
9/1/48
18
44
Freddie
Mac,
Pool
#ZS4731
.......................................
4.00
8/1/47
42
303
Freddie
Mac,
Pool
#SD1132
.......................................
4.00
6/1/52
288
62
Freddie
Mac,
Pool
#ZS4708
.......................................
4.00
3/1/47
59
58
Freddie
Mac,
Pool
#ZL7781
.......................................
4.00
2/1/44
56
338
Freddie
Mac,
Pool
#QE5462
.......................................
4.00
7/1/52
321
51
Freddie
Mac,
Pool
#ZS4631
.......................................
4.00
9/1/45
49
20
Freddie
Mac,
Pool
#ZA6946
.......................................
4.00
5/1/49
19
31
Freddie
Mac,
Pool
#SD8039
.......................................
4.00
1/1/50
29
95
Freddie
Mac,
Pool
#SD8070
.......................................
4.00
6/1/50
91
28
Freddie
Mac,
Pool
#ZT2106
.......................................
4.00
3/1/49
26
367
Freddie
Mac,
Pool
#SD8244
.......................................
4.00
9/1/52
346
248
Freddie
Mac,
Pool
#SD8286
.......................................
4.00
1/1/53
234
24
Freddie
Mac,
Pool
#ZT1320
.......................................
4.00
11/1/48
23
11
Freddie
Mac,
Pool
#ZS4652
.......................................
4.00
2/1/46
11
325
Freddie
Mac,
Pool
#SD8256
.......................................
4.00
10/1/52
306
57
Freddie
Mac,
Pool
#ZS4627
.......................................
4.00
8/1/45
55
78
Freddie
Mac,
Pool
#SB8348
.......................................
4.50
12/1/39
78
67
Freddie
Mac,
Pool
#SD8002
.......................................
4.50
7/1/49
66
345
Freddie
Mac,
Pool
#SD8266
.......................................
4.50
11/1/52
334
385
Freddie
Mac,
Pool
#SD8245
.......................................
4.50
9/1/52
374
257
Freddie
Mac,
Pool
#SD8365
.......................................
4.50
10/1/53
249
79
Freddie
Mac,
Pool
#RA7928
.......................................
4.50
9/1/52
76
362
Freddie
Mac,
Pool
#SD8340
.......................................
4.50
7/1/53
351
34
Freddie
Mac,
Pool
#ZT1711
.......................................
4.50
2/1/49
33
330
Freddie
Mac,
Pool
#SD8287
.......................................
4.50
1/1/53
319
118
Freddie
Mac,
Pool
#QE9161
.......................................
4.50
9/1/52
114
453
Freddie
Mac,
Pool
#SD8513
.......................................
4.50
3/1/55
438
16
Freddie
Mac,
Pool
#ZT1321
.......................................
4.50
11/1/48
16
43
Freddie
Mac,
Pool
#RB5323
.......................................
4.50
12/1/44
42
17
Freddie
Mac,
Pool
#ZS4781
.......................................
4.50
7/1/48
17
19
Freddie
Mac,
Pool
#ZS4774
.......................................
4.50
5/1/48
19
367
Freddie
Mac,
Pool
#SD8306
.......................................
4.50
3/1/53
357
122
Freddie
Mac,
Pool
#RB5377
.......................................
4.50
12/1/45
120
340
Freddie
Mac,
Pool
#SD8288
.......................................
5.00
1/1/53
337
360
Freddie
Mac,
Pool
#SD4977
.......................................
5.00
11/1/53
356
211
Freddie
Mac,
Pool
#SD8371
.......................................
5.00
11/1/53
208
375
Freddie
Mac,
Pool
#RJ2854
.......................................
5.00
11/1/54
374
397
Freddie
Mac,
Pool
#RJ5759
.......................................
5.00
1/1/56
396
405
Freddie
Mac,
Pool
#SD8315
.......................................
5.00
4/1/53
401
345
Freddie
Mac,
Pool
#SD8323
.......................................
5.00
5/1/53
342
277
Freddie
Mac,
Pool
#SD4823
.......................................
5.00
12/1/53
276
448
Freddie
Mac,
Pool
#SL4197
.......................................
5.00
2/1/56
444
432
Freddie
Mac,
Pool
#SD8505
.......................................
5.00
2/1/55
426
431
Freddie
Mac,
Pool
#SD8491
.......................................
5.00
12/1/54
425
4
Freddie
Mac,
Pool
#SD0093
.......................................
5.00
10/1/49
4
314
Freddie
Mac,
Pool
#SD8299
.......................................
5.00
2/1/53
311
185
Freddie
Mac,
Pool
#SD6602
.......................................
5.00
5/1/53
183
43
Freddie
Mac,
Pool
#RB5349
.......................................
5.00
6/1/45
42
366
Freddie
Mac,
Pool
#SD8341
.......................................
5.00
7/1/53
363
354
Freddie
Mac,
Pool
#SD8361
.......................................
5.00
9/1/53
350
43
Freddie
Mac,
Pool
#ZT1779
.......................................
5.00
3/1/49
43
449
Freddie
Mac,
Pool
#SD6764
.......................................
5.00
11/1/54
443
325
Freddie
Mac,
Pool
#SD8372
.......................................
5.50
11/1/53
328
20
Freddie
Mac,
Pool
#SD8469
.......................................
5.50
10/1/54
20
310
Freddie
Mac,
Pool
#SD8331
.......................................
5.50
6/1/53
312
392
Freddie
Mac,
Pool
#SL2723
.......................................
5.50
10/1/54
397
124
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
196
Freddie
Mac,
Pool
#RQ0056
.......................................
5.50
10/1/55
$
197
285
Freddie
Mac,
Pool
#SD8438
.......................................
5.50
6/1/54
286
372
Freddie
Mac,
Pool
#SD8431
.......................................
5.50
5/1/54
374
496
Freddie
Mac,
Pool
#RJ5519
.......................................
5.50
12/1/55
508
294
Freddie
Mac,
Pool
#SD8300
.......................................
5.50
2/1/53
297
393
Freddie
Mac,
Pool
#SD8493
.......................................
5.50
12/1/54
395
207
Freddie
Mac,
Pool
#SL0331
.......................................
5.50
2/1/55
210
389
Freddie
Mac,
Pool
#SD8475
.......................................
5.50
11/1/54
390
342
Freddie
Mac,
Pool
#SD8362
.......................................
5.50
9/1/53
345
399
Freddie
Mac,
Pool
#SL1542
.......................................
5.50
6/1/55
404
506
Freddie
Mac,
Pool
#SD7132
.......................................
5.50
12/1/54
512
235
Freddie
Mac,
Pool
#SD8349
.......................................
5.50
8/1/53
237
397
Freddie
Mac,
Pool
#SD6699
.......................................
5.50
10/1/54
404
391
Freddie
Mac,
Pool
#SD8446
.......................................
5.50
7/1/54
393
369
Freddie
Mac,
Pool
#SL1558
.......................................
5.50
6/1/55
373
365
Freddie
Mac,
Pool
#SL0620
.......................................
5.50
3/1/55
371
321
Freddie
Mac,
Pool
#SD8342
.......................................
5.50
7/1/53
323
247
Freddie
Mac,
Pool
#SD8384
.......................................
6.00
12/1/53
252
295
Freddie
Mac,
Pool
#SD8432
.......................................
6.00
5/1/54
301
255
Freddie
Mac,
Pool
#RQ0050
.......................................
6.00
9/1/55
260
175
Freddie
Mac,
Pool
#SD8325
.......................................
6.00
5/1/53
179
272
Freddie
Mac,
Pool
#SD8421
.......................................
6.00
4/1/54
278
274
Freddie
Mac,
Pool
#SD8363
.......................................
6.00
9/1/53
280
364
Freddie
Mac,
Pool
#SL1127
.......................................
6.00
12/1/54
371
281
Freddie
Mac,
Pool
#SD8373
.......................................
6.00
11/1/53
287
375
Freddie
Mac,
Pool
#SD6226
.......................................
6.00
8/1/54
386
113
Freddie
Mac,
Pool
#SD8534
.......................................
6.00
5/1/55
115
268
Freddie
Mac,
Pool
#SD8350
.......................................
6.00
8/1/53
275
311
Freddie
Mac,
Pool
#SD8463
.......................................
6.00
9/1/54
317
436
Freddie
Mac,
Pool
#SL2561
.......................................
6.00
7/1/54
447
325
Freddie
Mac,
Pool
#SL1901
.......................................
6.00
8/1/55
332
15
Freddie
Mac,
Pool
#SD8409
.......................................
6.00
3/1/54
15
322
Freddie
Mac,
Pool
#SD8496
.......................................
6.00
1/1/55
328
318
Freddie
Mac,
Pool
#SD8454
.......................................
6.00
8/1/54
324
210
Freddie
Mac,
Pool
#SL1803
.......................................
6.00
7/1/55
216
281
Freddie
Mac,
Pool
#SD8343
.......................................
6.00
7/1/53
289
186
Freddie
Mac,
Pool
#SD5987
.......................................
6.50
2/1/54
195
256
Freddie
Mac,
Pool
#SD8471
.......................................
6.50
10/1/54
265
180
Freddie
Mac,
Pool
#SD8397
.......................................
6.50
1/1/54
186
228
Freddie
Mac,
Pool
#SL1881
.......................................
6.50
7/1/55
236
320
Freddie
Mac,
Pool
#SL1882
.......................................
6.50
5/1/55
332
150
Freddie
Mac,
Pool
#SD8374
.......................................
6.50
11/1/53
155
172
Freddie
Mac,
Pool
#SD8385
.......................................
6.50
12/1/53
179
320
Freddie
Mac,
Pool
#SL0216
.......................................
6.50
1/1/55
335
195
Freddie
Mac,
Pool
#SD8386
.......................................
7.00
12/1/53
205
149
Freddie
Mac,
Pool
#RQ0043
.......................................
7.00
8/1/55
157
7
Freddie
Mac
Gold,
Pool
#G18547
...................................
2.00
3/1/30
7
18
Freddie
Mac
Gold,
Pool
#G18634
...................................
2.00
3/1/32
17
4
Freddie
Mac
Gold,
Pool
#J25759
....................................
2.00
8/1/28
4
7
Freddie
Mac
Gold,
Pool
#J25777
....................................
2.00
9/1/28
7
25
Freddie
Mac
Gold,
Pool
#C09026
...................................
2.50
2/1/43
22
50
Freddie
Mac
Gold,
Pool
#J38477
....................................
2.50
2/1/33
49
6
Freddie
Mac
Gold,
Pool
#G07445
...................................
2.50
7/1/43
5
3
Freddie
Mac
Gold,
Pool
#G18687
...................................
2.50
5/1/33
3
23
Freddie
Mac
Gold,
Pool
#J35643
....................................
2.50
11/1/31
22
20
Freddie
Mac
Gold,
Pool
#Q42878
...................................
2.50
9/1/46
17
30
Freddie
Mac
Gold,
Pool
#G18568
...................................
2.50
9/1/30
29
33
Freddie
Mac
Gold,
Pool
#J37902
....................................
2.50
11/1/32
32
9
Freddie
Mac
Gold,
Pool
#C91904
...................................
2.50
11/1/36
9
125
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
3
Freddie
Mac
Gold,
Pool
#G18472
...................................
2.50
7/1/28
$
3
9
Freddie
Mac
Gold,
Pool
#J25585
....................................
2.50
9/1/28
9
7
Freddie
Mac
Gold,
Pool
#G08638
...................................
2.50
4/1/45
6
7
Freddie
Mac
Gold,
Pool
#G08755
...................................
2.50
2/1/47
6
21
Freddie
Mac
Gold,
Pool
#G18470
...................................
2.50
6/1/28
21
25
Freddie
Mac
Gold,
Pool
#J26408
....................................
2.50
11/1/28
25
20
Freddie
Mac
Gold,
Pool
#G18533
...................................
2.50
12/1/29
19
2
Freddie
Mac
Gold,
Pool
#J30875
....................................
2.50
3/1/30
2
13
Freddie
Mac
Gold,
Pool
#J23440
....................................
2.50
4/1/28
13
48
Freddie
Mac
Gold,
Pool
#G18680
...................................
2.50
3/1/33
47
15
Freddie
Mac
Gold,
Pool
#G18704
...................................
2.50
6/1/33
15
7
Freddie
Mac
Gold,
Pool
#G18665
...................................
2.50
11/1/32
7
66
Freddie
Mac
Gold,
Pool
#G18611
...................................
2.50
9/1/31
64
6
Freddie
Mac
Gold,
Pool
#J18954
....................................
2.50
4/1/27
6
31
Freddie
Mac
Gold,
Pool
#G18635
...................................
2.50
3/1/32
30
12
Freddie
Mac
Gold,
Pool
#G18485
...................................
2.50
10/1/28
12
20
Freddie
Mac
Gold,
Pool
#G18569
...................................
3.00
9/1/30
20
6
Freddie
Mac
Gold,
Pool
#C91943
...................................
3.00
7/1/37
6
6
Freddie
Mac
Gold,
Pool
#C91826
...................................
3.00
5/1/35
6
23
Freddie
Mac
Gold,
Pool
#G15145
...................................
3.00
7/1/29
22
37
Freddie
Mac
Gold,
Pool
#Q20067
...................................
3.00
7/1/43
34
25
Freddie
Mac
Gold,
Pool
#G18514
...................................
3.00
6/1/29
24
22
Freddie
Mac
Gold,
Pool
#G15217
...................................
3.00
11/1/29
22
31
Freddie
Mac
Gold,
Pool
#Q41795
...................................
3.00
7/1/46
28
2
Freddie
Mac
Gold,
Pool
#Q39527
...................................
3.00
3/1/46
1
10
Freddie
Mac
Gold,
Pool
#Q18599
...................................
3.00
6/1/43
9
25
Freddie
Mac
Gold,
Pool
#G08648
...................................
3.00
6/1/45
22
33
Freddie
Mac
Gold,
Pool
#G08783
...................................
3.00
10/1/47
29
29
Freddie
Mac
Gold,
Pool
#G08640
...................................
3.00
5/1/45
26
3
Freddie
Mac
Gold,
Pool
#C91939
...................................
3.00
6/1/37
3
10
Freddie
Mac
Gold,
Pool
#G18715
...................................
3.00
12/1/33
10
47
Freddie
Mac
Gold,
Pool
#G18673
...................................
3.00
1/1/33
45
7
Freddie
Mac
Gold,
Pool
#J38807
....................................
3.00
4/1/33
7
10
Freddie
Mac
Gold,
Pool
#C91924
...................................
3.00
4/1/37
9
15
Freddie
Mac
Gold,
Pool
#G30945
...................................
3.00
9/1/36
14
4
Freddie
Mac
Gold,
Pool
#Q18882
...................................
3.00
5/1/43
4
5
Freddie
Mac
Gold,
Pool
#G30999
...................................
3.00
2/1/37
5
3
Freddie
Mac
Gold,
Pool
#C91949
...................................
3.00
9/1/37
3
64
Freddie
Mac
Gold,
Pool
#G60187
...................................
3.00
8/1/45
58
6
Freddie
Mac
Gold,
Pool
#G61680
...................................
3.00
4/1/47
5
8
Freddie
Mac
Gold,
Pool
#G18575
...................................
3.00
11/1/30
8
8
Freddie
Mac
Gold,
Pool
#C91969
...................................
3.00
1/1/38
7
6
Freddie
Mac
Gold,
Pool
#J33135
....................................
3.00
11/1/30
6
7
Freddie
Mac
Gold,
Pool
#J17774
....................................
3.00
1/1/27
7
4
Freddie
Mac
Gold,
Pool
#J29932
....................................
3.00
11/1/29
4
—
Freddie
Mac
Gold,
Pool
#J17111
....................................
3.00
10/1/26
—
10
Freddie
Mac
Gold,
Pool
#J38675
....................................
3.00
3/1/33
10
13
Freddie
Mac
Gold,
Pool
#C91798
...................................
3.00
12/1/34
13
18
Freddie
Mac
Gold,
Pool
#C91927
...................................
3.00
5/1/37
17
18
Freddie
Mac
Gold,
Pool
#C91819
...................................
3.00
4/1/35
18
4
Freddie
Mac
Gold,
Pool
#G08803
...................................
3.00
3/1/48
4
12
Freddie
Mac
Gold,
Pool
#G18582
...................................
3.00
1/1/31
12
10
Freddie
Mac
Gold,
Pool
#G08737
...................................
3.00
12/1/46
9
9
Freddie
Mac
Gold,
Pool
#C91905
...................................
3.00
11/1/36
9
6
Freddie
Mac
Gold,
Pool
#G18663
...................................
3.00
10/1/32
6
41
Freddie
Mac
Gold,
Pool
#C91581
...................................
3.00
11/1/32
40
4
Freddie
Mac
Gold,
Pool
#Q13086
...................................
3.00
11/1/42
4
76
Freddie
Mac
Gold,
Pool
#Q43734
...................................
3.00
10/1/46
69
4
Freddie
Mac
Gold,
Pool
#G08635
...................................
3.00
4/1/45
3
126
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
5
Freddie
Mac
Gold,
Pool
#G18534
...................................
3.00
12/1/29
$
5
93
Freddie
Mac
Gold,
Pool
#Q16222
...................................
3.00
3/1/43
85
24
Freddie
Mac
Gold,
Pool
#C91707
...................................
3.00
6/1/33
23
102
Freddie
Mac
Gold,
Pool
#Q45735
...................................
3.00
1/1/47
92
17
Freddie
Mac
Gold,
Pool
#Q19754
...................................
3.00
7/1/43
16
109
Freddie
Mac
Gold,
Pool
#G60989
...................................
3.00
12/1/46
99
2
Freddie
Mac
Gold,
Pool
#G18601
...................................
3.00
5/1/31
2
3
Freddie
Mac
Gold,
Pool
#C91809
...................................
3.00
2/1/35
3
20
Freddie
Mac
Gold,
Pool
#G18518
...................................
3.00
7/1/29
20
177
Freddie
Mac
Gold,
Pool
#Q21065
...................................
3.00
8/1/43
163
59
Freddie
Mac
Gold,
Pool
#C04422
...................................
3.00
12/1/42
53
19
Freddie
Mac
Gold,
Pool
#J36428
....................................
3.00
2/1/32
18
82
Freddie
Mac
Gold,
Pool
#C04619
...................................
3.00
3/1/43
75
17
Freddie
Mac
Gold,
Pool
#G08540
...................................
3.00
8/1/43
16
18
Freddie
Mac
Gold,
Pool
#G18531
...................................
3.00
11/1/29
18
7
Freddie
Mac
Gold,
Pool
#J38057
....................................
3.00
12/1/32
7
17
Freddie
Mac
Gold,
Pool
#G08846
...................................
3.50
11/1/48
16
18
Freddie
Mac
Gold,
Pool
#G08813
...................................
3.50
5/1/48
17
45
Freddie
Mac
Gold,
Pool
#Q09896
...................................
3.50
8/1/42
42
8
Freddie
Mac
Gold,
Pool
#C91742
...................................
3.50
1/1/34
8
61
Freddie
Mac
Gold,
Pool
#G08766
...................................
3.50
6/1/47
57
23
Freddie
Mac
Gold,
Pool
#Q58422
...................................
3.50
9/1/48
21
11
Freddie
Mac
Gold,
Pool
#A96409
...................................
3.50
1/1/41
11
16
Freddie
Mac
Gold,
Pool
#G08599
...................................
3.50
8/1/44
15
7
Freddie
Mac
Gold,
Pool
#C92003
...................................
3.50
7/1/38
7
68
Freddie
Mac
Gold,
Pool
#Q20860
...................................
3.50
8/1/43
65
47
Freddie
Mac
Gold,
Pool
#G08761
...................................
3.50
5/1/47
43
10
Freddie
Mac
Gold,
Pool
#G08620
...................................
3.50
12/1/44
9
61
Freddie
Mac
Gold,
Pool
#G08804
...................................
3.50
3/1/48
56
5
Freddie
Mac
Gold,
Pool
#G08784
...................................
3.50
10/1/47
5
12
Freddie
Mac
Gold,
Pool
#C91950
...................................
3.50
9/1/37
12
35
Freddie
Mac
Gold,
Pool
#Q57871
...................................
3.50
8/1/48
33
4
Freddie
Mac
Gold,
Pool
#Q43933
...................................
3.50
10/1/46
4
25
Freddie
Mac
Gold,
Pool
#Q37449
...................................
3.50
11/1/45
24
3
Freddie
Mac
Gold,
Pool
#G08770
...................................
3.50
7/1/47
3
—
Freddie
Mac
Gold,
Pool
#J15105
....................................
3.50
4/1/26
—
49
Freddie
Mac
Gold,
Pool
#G08632
...................................
3.50
3/1/45
46
39
Freddie
Mac
Gold,
Pool
#Q51461
...................................
3.50
10/1/47
36
3
Freddie
Mac
Gold,
Pool
#C91760
...................................
3.50
5/1/34
3
26
Freddie
Mac
Gold,
Pool
#G08733
...................................
3.50
11/1/46
24
4
Freddie
Mac
Gold,
Pool
#C91925
...................................
3.50
4/1/37
4
17
Freddie
Mac
Gold,
Pool
#C03920
...................................
3.50
5/1/42
17
45
Freddie
Mac
Gold,
Pool
#Q08903
...................................
3.50
6/1/42
43
9
Freddie
Mac
Gold,
Pool
#Q31134
...................................
3.50
2/1/45
8
4
Freddie
Mac
Gold,
Pool
#V83453
...................................
3.50
10/1/47
3
38
Freddie
Mac
Gold,
Pool
#Q08998
...................................
3.50
6/1/42
36
92
Freddie
Mac
Gold,
Pool
#G08636
...................................
3.50
4/1/45
86
55
Freddie
Mac
Gold,
Pool
#G08641
...................................
3.50
5/1/45
51
18
Freddie
Mac
Gold,
Pool
#G18707
...................................
3.50
9/1/33
18
29
Freddie
Mac
Gold,
Pool
#Q12052
...................................
3.50
10/1/42
28
27
Freddie
Mac
Gold,
Pool
#Q06749
...................................
3.50
3/1/42
26
3
Freddie
Mac
Gold,
Pool
#J30284
....................................
3.50
11/1/29
3
19
Freddie
Mac
Gold,
Pool
#G30776
...................................
3.50
7/1/35
19
74
Freddie
Mac
Gold,
Pool
#G08627
...................................
3.50
2/1/45
70
25
Freddie
Mac
Gold,
Pool
#Q04087
...................................
3.50
10/1/41
24
26
Freddie
Mac
Gold,
Pool
#C91403
...................................
3.50
3/1/32
25
32
Freddie
Mac
Gold,
Pool
#G08687
...................................
3.50
1/1/46
30
27
Freddie
Mac
Gold,
Pool
#Q36040
...................................
3.50
9/1/45
25
33
Freddie
Mac
Gold,
Pool
#Q53176
...................................
3.50
12/1/47
30
127
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
15
Freddie
Mac
Gold,
Pool
#G08605
...................................
3.50
9/1/44
$
14
54
Freddie
Mac
Gold,
Pool
#G61148
...................................
3.50
9/1/47
50
29
Freddie
Mac
Gold,
Pool
#C91456
...................................
3.50
6/1/32
29
52
Freddie
Mac
Gold,
Pool
#Q49490
...................................
3.50
7/1/47
48
6
Freddie
Mac
Gold,
Pool
#C91940
...................................
3.50
6/1/37
6
8
Freddie
Mac
Gold,
Pool
#Q55002
...................................
3.50
3/1/48
8
13
Freddie
Mac
Gold,
Pool
#G08554
...................................
3.50
10/1/43
13
68
Freddie
Mac
Gold,
Pool
#G08562
...................................
3.50
1/1/44
64
29
Freddie
Mac
Gold,
Pool
#G08698
...................................
3.50
3/1/46
27
8
Freddie
Mac
Gold,
Pool
#J27494
....................................
3.50
2/1/29
8
39
Freddie
Mac
Gold,
Pool
#G08567
...................................
4.00
1/1/44
37
6
Freddie
Mac
Gold,
Pool
#G08775
...................................
4.00
8/1/47
5
2
Freddie
Mac
Gold,
Pool
#G08642
...................................
4.00
5/1/45
2
37
Freddie
Mac
Gold,
Pool
#G08588
...................................
4.00
5/1/44
36
9
Freddie
Mac
Gold,
Pool
#G08672
...................................
4.00
10/1/45
9
3
Freddie
Mac
Gold,
Pool
#G08771
...................................
4.00
7/1/47
3
24
Freddie
Mac
Gold,
Pool
#G08767
...................................
4.00
6/1/47
23
16
Freddie
Mac
Gold,
Pool
#C91738
...................................
4.00
11/1/33
16
7
Freddie
Mac
Gold,
Pool
#C91994
...................................
4.00
5/1/38
6
—
Freddie
Mac
Gold,
Pool
#G14453
...................................
4.00
6/1/26
—
17
Freddie
Mac
Gold,
Pool
#G08483
...................................
4.00
3/1/42
16
157
Freddie
Mac
Gold,
Pool
#A96286
...................................
4.00
1/1/41
152
3
Freddie
Mac
Gold,
Pool
#C91395
...................................
4.00
9/1/31
3
18
Freddie
Mac
Gold,
Pool
#G08601
...................................
4.00
8/1/44
17
34
Freddie
Mac
Gold,
Pool
#G08459
...................................
4.00
9/1/41
33
5
Freddie
Mac
Gold,
Pool
#C92019
...................................
4.00
10/1/38
5
19
Freddie
Mac
Gold,
Pool
#Q34081
...................................
4.00
6/1/45
18
61
Freddie
Mac
Gold,
Pool
#G06506
...................................
4.00
12/1/40
60
15
Freddie
Mac
Gold,
Pool
#G08831
...................................
4.00
8/1/48
14
17
Freddie
Mac
Gold,
Pool
#C91765
...................................
4.00
6/1/34
16
37
Freddie
Mac
Gold,
Pool
#G08785
...................................
4.00
10/1/47
36
2
Freddie
Mac
Gold,
Pool
#Q27456
...................................
4.00
7/1/44
2
3
Freddie
Mac
Gold,
Pool
#G08801
...................................
4.00
2/1/48
3
7
Freddie
Mac
Gold,
Pool
#G08606
...................................
4.00
9/1/44
7
32
Freddie
Mac
Gold,
Pool
#Q27594
...................................
4.00
8/1/44
31
5
Freddie
Mac
Gold,
Pool
#G08633
...................................
4.00
3/1/45
4
30
Freddie
Mac
Gold,
Pool
#C09070
...................................
4.00
12/1/44
29
15
Freddie
Mac
Gold,
Pool
#G08836
...................................
4.00
9/1/48
14
4
Freddie
Mac
Gold,
Pool
#C91923
...................................
4.00
3/1/37
4
4
Freddie
Mac
Gold,
Pool
#Q52321
...................................
4.50
11/1/47
4
11
Freddie
Mac
Gold,
Pool
#G08781
...................................
4.50
9/1/47
11
9
Freddie
Mac
Gold,
Pool
#G01890
...................................
4.50
10/1/35
9
4
Freddie
Mac
Gold,
Pool
#A90437
...................................
4.50
1/1/40
4
3
Freddie
Mac
Gold,
Pool
#Q58217
...................................
4.50
9/1/48
3
10
Freddie
Mac
Gold,
Pool
#G08596
...................................
4.50
7/1/44
10
8
Freddie
Mac
Gold,
Pool
#C09059
...................................
4.50
3/1/44
8
5
Freddie
Mac
Gold,
Pool
#Q25432
...................................
4.50
3/1/44
5
12
Freddie
Mac
Gold,
Pool
#G60512
...................................
4.50
12/1/45
12
16
Freddie
Mac
Gold,
Pool
#Q59805
...................................
4.50
11/1/48
16
29
Freddie
Mac
Gold,
Pool
#A97495
...................................
4.50
3/1/41
29
17
Freddie
Mac
Gold,
Pool
#G08754
...................................
4.50
3/1/47
17
15
Freddie
Mac
Gold,
Pool
#Q22671
...................................
4.50
11/1/43
15
26
Freddie
Mac
Gold,
Pool
#G08759
...................................
4.50
4/1/47
26
25
Freddie
Mac
Gold,
Pool
#Q57957
...................................
4.50
8/1/48
25
331
Freddie
Mac
Gold,
Pool
#A97692
...................................
4.50
3/1/41
327
6
Freddie
Mac
Gold,
Pool
#G01962
...................................
5.00
12/1/35
6
6
Freddie
Mac
Gold,
Pool
#G04817
...................................
5.00
9/1/38
6
6
Freddie
Mac
Gold,
Pool
#G05904
...................................
5.00
9/1/39
7
62
Freddie
Mac
Gold,
Pool
#G04913
...................................
5.00
3/1/38
63
128
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
7
Freddie
Mac
Gold,
Pool
#G08838
...................................
5.00
9/1/48
$
7
26
Freddie
Mac
Gold,
Pool
#Q00763
...................................
5.00
5/1/41
27
4
Freddie
Mac
Gold,
Pool
#G07068
...................................
5.00
7/1/41
4
10
Freddie
Mac
Gold,
Pool
#G05205
...................................
5.00
1/1/39
10
120
Freddie
Mac
Gold,
Pool
#C01598
...................................
5.00
8/1/33
121
—
Freddie
Mac
Gold,
Pool
#A79636
...................................
5.50
7/1/38
—
21
Freddie
Mac
Gold,
Pool
#G06031
...................................
5.50
3/1/40
22
85
Freddie
Mac
Gold,
Pool
#G01665
...................................
5.50
3/1/34
88
1
Freddie
Mac
Gold,
Pool
#G06091
...................................
5.50
5/1/40
1
1
Freddie
Mac
Gold,
Pool
#A69671
...................................
5.50
12/1/37
1
85
Freddie
Mac
Gold,
Pool
#G02794
...................................
6.00
5/1/37
89
—
Freddie
Mac
Gold,
Pool
#C90989
...................................
6.00
9/1/26
—
10
Freddie
Mac
Gold,
Pool
#G05709
...................................
6.00
6/1/38
10
19
Freddie
Mac
Gold,
Pool
#G03551
...................................
6.00
11/1/37
19
2
Freddie
Mac
Gold,
Pool
#A62706
...................................
6.00
6/1/37
2
354
Government
National
Mortgage
Association,
Pool
#MA7986
................
2.00
4/20/52
292
173
Government
National
Mortgage
Association,
Pool
#MA6864
................
2.00
9/20/50
142
274
Government
National
Mortgage
Association,
Pool
#MA7135
................
2.00
1/20/51
226
339
Government
National
Mortgage
Association,
Pool
#MA7588
................
2.00
9/20/51
280
253
Government
National
Mortgage
Association,
Pool
#MA6818
................
2.00
8/20/50
209
282
Government
National
Mortgage
Association,
Pool
#MA7366
................
2.00
5/20/51
233
403
Government
National
Mortgage
Association,
Pool
#MA7471
................
2.00
7/20/51
332
500
Government
National
Mortgage
Association,
Pool
#MA7826
................
2.00
1/20/52
413
325
Government
National
Mortgage
Association,
Pool
#MA8041
................
2.00
5/20/52
269
172
Government
National
Mortgage
Association,
Pool
#MA7880
................
2.00
2/20/52
142
1,052
Government
National
Mortgage
Association,
Pool
#MA7704
................
2.00
11/20/51
868
426
Government
National
Mortgage
Association,
Pool
#MA7311
................
2.00
4/20/51
351
348
Government
National
Mortgage
Association,
Pool
#MA6994
................
2.00
11/20/50
287
373
Government
National
Mortgage
Association,
Pool
#MA7766
................
2.00
12/20/51
308
202
Government
National
Mortgage
Association,
Pool
#MA7533
................
2.00
8/20/51
166
411
Government
National
Mortgage
Association,
Pool
#MA7192
................
2.00
2/20/51
339
405
Government
National
Mortgage
Association,
Pool
#MA7935
................
2.00
3/20/52
334
304
Government
National
Mortgage
Association,
Pool
#MA7051
................
2.00
12/20/50
251
272
Government
National
Mortgage
Association,
Pool
#MA6930
................
2.00
10/20/50
224
299
Government
National
Mortgage
Association,
Pool
#MA7254
................
2.00
3/20/51
246
660
Government
National
Mortgage
Association,
Pool
#MA7417
................
2.00
6/20/51
545
142
Government
National
Mortgage
Association,
Pool
#MA4260
................
2.50
2/20/47
125
294
Government
National
Mortgage
Association,
Pool
#MA7367
................
2.50
5/20/51
253
3
Government
National
Mortgage
Association,
Pool
#MA1133
................
2.50
7/20/28
3
255
Government
National
Mortgage
Association,
Pool
#MA8042
................
2.50
5/20/52
219
4
Government
National
Mortgage
Association,
Pool
#AA8341
................
2.50
2/15/28
4
323
Government
National
Mortgage
Association,
Pool
#MA7987
................
2.50
4/20/52
278
362
Government
National
Mortgage
Association,
Pool
#MA6709
................
2.50
6/20/50
311
484
Government
National
Mortgage
Association,
Pool
#MA7767
................
2.50
12/20/51
416
276
Government
National
Mortgage
Association,
Pool
#MA7312
................
2.50
4/20/51
237
281
Government
National
Mortgage
Association,
Pool
#MA7255
................
2.50
3/20/51
242
318
Government
National
Mortgage
Association,
Pool
#MA7472
................
2.50
7/20/51
274
305
Government
National
Mortgage
Association,
Pool
#MA7534
................
2.50
8/20/51
263
223
Government
National
Mortgage
Association,
Pool
#MA6995
................
2.50
11/20/50
192
6
Government
National
Mortgage
Association,
Pool
#MA4355
................
2.50
4/20/32
6
638
Government
National
Mortgage
Association,
Pool
#MA7589
................
2.50
9/20/51
549
339
Government
National
Mortgage
Association,
Pool
#MA7649
................
2.50
10/20/51
292
14
Government
National
Mortgage
Association,
Pool
#MA4067
................
2.50
11/20/46
12
115
Government
National
Mortgage
Association,
Pool
#MA6540
................
2.50
3/20/50
99
9
Government
National
Mortgage
Association,
Pool
#MA4194
................
2.50
1/20/47
8
13
Government
National
Mortgage
Association,
Pool
#MA4717
................
2.50
9/20/47
12
208
Government
National
Mortgage
Association,
Pool
#MA6931
................
2.50
10/20/50
179
147
Government
National
Mortgage
Association,
Pool
#MA7705
................
2.50
11/20/51
127
119
Government
National
Mortgage
Association,
Pool
#MA7193
................
2.50
2/20/51
102
129
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
336
Government
National
Mortgage
Association,
Pool
#MA7052
................
2.50
12/20/50
$
290
25
Government
National
Mortgage
Association,
Pool
#MA1283
................
2.50
9/20/43
22
325
Government
National
Mortgage
Association,
Pool
#MA7881
................
2.50
2/20/52
280
146
Government
National
Mortgage
Association,
Pool
#MA6655
................
2.50
5/20/50
126
295
Government
National
Mortgage
Association,
Pool
#MA7418
................
2.50
6/20/51
254
6
Government
National
Mortgage
Association,
Pool
#MA4424
................
2.50
5/20/32
6
69
Government
National
Mortgage
Association,
Pool
#MA6598
................
2.50
4/20/50
60
3
Government
National
Mortgage
Association,
Pool
#MA0601
................
2.50
12/20/27
3
9
Government
National
Mortgage
Association,
Pool
#711729
.................
2.50
3/15/43
8
144
Government
National
Mortgage
Association,
Pool
#MA4125
................
2.50
12/20/46
126
3
Government
National
Mortgage
Association,
Pool
#MA0908
................
2.50
4/20/28
2
299
Government
National
Mortgage
Association,
Pool
#MA8147
................
2.50
7/20/52
257
174
Government
National
Mortgage
Association,
Pool
#MA6819
................
2.50
8/20/50
150
354
Government
National
Mortgage
Association,
Pool
#MA7827
................
2.50
1/20/52
305
11
Government
National
Mortgage
Association,
Pool
#776954
.................
2.50
11/15/42
9
4
Government
National
Mortgage
Association,
Pool
#MA2890
................
2.50
6/20/45
4
349
Government
National
Mortgage
Association,
Pool
#MA7136
................
2.50
1/20/51
300
198
Government
National
Mortgage
Association,
Pool
#MA6865
................
2.50
9/20/50
170
338
Government
National
Mortgage
Association,
Pool
#MA7936
................
2.50
3/20/52
291
3
Government
National
Mortgage
Association,
Pool
#MA1155
................
2.50
7/20/43
3
94
Government
National
Mortgage
Association,
Pool
#MA3936
................
3.00
9/20/46
85
59
Government
National
Mortgage
Association,
Pool
#MA6710
................
3.00
6/20/50
53
60
Government
National
Mortgage
Association,
Pool
#MA3802
................
3.00
7/20/46
54
62
Government
National
Mortgage
Association,
Pool
#MA0153
................
3.00
6/20/42
57
176
Government
National
Mortgage
Association,
Pool
#MA6656
................
3.00
5/20/50
157
189
Government
National
Mortgage
Association,
Pool
#MA6599
................
3.00
4/20/50
169
36
Government
National
Mortgage
Association,
Pool
#MA2825
................
3.00
5/20/45
33
60
Government
National
Mortgage
Association,
Pool
#MA6283
................
3.00
11/20/49
54
27
Government
National
Mortgage
Association,
Pool
#MA6766
................
3.00
7/20/50
24
109
Government
National
Mortgage
Association,
Pool
#MA6474
................
3.00
2/20/50
99
27
Government
National
Mortgage
Association,
Pool
#MA4068
................
3.00
11/20/46
24
34
Government
National
Mortgage
Association,
Pool
#MA0851
................
3.00
3/20/43
32
58
Government
National
Mortgage
Association,
Pool
#MA4961
................
3.00
1/20/48
52
2
Government
National
Mortgage
Association,
Pool
#MA1890
................
3.00
5/20/29
2
99
Government
National
Mortgage
Association,
Pool
#MA0391
................
3.00
9/20/42
92
44
Government
National
Mortgage
Association,
Pool
#MA3309
................
3.00
12/20/45
40
55
Government
National
Mortgage
Association,
Pool
#MA0461
................
3.00
10/20/42
51
30
Government
National
Mortgage
Association,
Pool
#779084
.................
3.00
4/15/42
28
57
Government
National
Mortgage
Association,
Pool
#MA6089
................
3.00
8/20/49
51
37
Government
National
Mortgage
Association,
Pool
#MA4899
................
3.00
12/20/47
33
54
Government
National
Mortgage
Association,
Pool
#MA4320
................
3.00
3/20/47
49
138
Government
National
Mortgage
Association,
Pool
#MA4003
................
3.00
10/20/46
125
103
Government
National
Mortgage
Association,
Pool
#MA3735
................
3.00
6/20/46
94
122
Government
National
Mortgage
Association,
Pool
#MA4195
................
3.00
1/20/47
110
43
Government
National
Mortgage
Association,
Pool
#MA3873
................
3.00
8/20/46
39
7
Government
National
Mortgage
Association,
Pool
#MA1265
................
3.00
9/20/28
6
57
Government
National
Mortgage
Association,
Pool
#MA4777
................
3.00
10/20/47
51
22
Government
National
Mortgage
Association,
Pool
#MA6820
................
3.00
8/20/50
20
3
Government
National
Mortgage
Association,
Pool
#MA5815
................
3.00
3/20/49
3
101
Government
National
Mortgage
Association,
Pool
#MA6409
................
3.00
1/20/50
91
14
Government
National
Mortgage
Association,
Pool
#MA2600
................
3.00
2/20/45
13
4
Government
National
Mortgage
Association,
Pool
#MA2797
................
3.00
5/20/30
4
23
Government
National
Mortgage
Association,
Pool
#MA3243
................
3.00
11/20/45
21
95
Government
National
Mortgage
Association,
Pool
#AD8433
................
3.00
7/15/43
87
10
Government
National
Mortgage
Association,
Pool
#AG0440
................
3.00
8/15/43
9
350
Government
National
Mortgage
Association,
Pool
#MA0624
................
3.00
12/20/42
323
53
Government
National
Mortgage
Association,
Pool
#MA3662
................
3.00
5/20/46
48
78
Government
National
Mortgage
Association,
Pool
#MA2147
................
3.00
8/20/44
71
299
Government
National
Mortgage
Association,
Pool
#MA7828
................
3.00
1/20/52
267
130
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
346
Government
National
Mortgage
Association,
Pool
#MA8098
................
3.00
6/20/52
$
309
16
Government
National
Mortgage
Association,
Pool
#MA3520
................
3.00
3/20/46
14
114
Government
National
Mortgage
Association,
Pool
#MA4261
................
3.00
2/20/47
104
6
Government
National
Mortgage
Association,
Pool
#AA5897
................
3.00
12/15/42
5
279
Government
National
Mortgage
Association,
Pool
#MA7706
................
3.00
11/20/51
249
9
Government
National
Mortgage
Association,
Pool
#AK7285
................
3.00
3/15/45
8
6
Government
National
Mortgage
Association,
Pool
#AN5756
................
3.00
7/15/45
6
87
Government
National
Mortgage
Association,
Pool
#MA6338
................
3.00
12/20/49
78
43
Government
National
Mortgage
Association,
Pool
#MA2960
................
3.00
7/20/45
39
48
Government
National
Mortgage
Association,
Pool
#MA4381
................
3.00
4/20/47
43
282
Government
National
Mortgage
Association,
Pool
#MA6218
................
3.00
10/20/49
253
287
Government
National
Mortgage
Association,
Pool
#MA7768
................
3.00
12/20/51
256
61
Government
National
Mortgage
Association,
Pool
#MA4450
................
3.00
5/20/47
55
—
Government
National
Mortgage
Association,
Pool
#5276
..................
3.00
1/20/27
—
9
Government
National
Mortgage
Association,
Pool
#MA4559
................
3.00
7/20/32
9
84
Government
National
Mortgage
Association,
Pool
#MA4836
................
3.00
11/20/47
75
70
Government
National
Mortgage
Association,
Pool
#MA4509
................
3.00
6/20/47
63
115
Government
National
Mortgage
Association,
Pool
#MA5076
................
3.00
3/20/48
104
4
Government
National
Mortgage
Association,
Pool
#MA0205
................
3.00
7/20/27
4
8
Government
National
Mortgage
Association,
Pool
#MA3375
................
3.00
1/20/46
8
65
Government
National
Mortgage
Association,
Pool
#MA1374
................
3.00
10/20/43
60
71
Government
National
Mortgage
Association,
Pool
#MA2520
................
3.00
1/20/45
65
2
Government
National
Mortgage
Association,
Pool
#MA4935
................
3.00
1/20/33
2
28
Government
National
Mortgage
Association,
Pool
#MA2753
................
3.00
4/20/45
26
34
Government
National
Mortgage
Association,
Pool
#MA3172
................
3.00
10/20/45
32
39
Government
National
Mortgage
Association,
Pool
#MA2444
................
3.00
12/20/44
36
54
Government
National
Mortgage
Association,
Pool
#MA3033
................
3.00
8/20/45
49
4
Government
National
Mortgage
Association,
Pool
#AA2934
................
3.00
7/15/42
4
71
Government
National
Mortgage
Association,
Pool
#AA6149
................
3.00
3/20/43
64
11
Government
National
Mortgage
Association,
Pool
#MA1011
................
3.00
5/20/43
10
75
Government
National
Mortgage
Association,
Pool
#MA4651
................
3.00
8/20/47
67
41
Government
National
Mortgage
Association,
Pool
#MA3104
................
3.00
9/20/45
37
32
Government
National
Mortgage
Association,
Pool
#AA2654
................
3.00
6/15/43
29
3
Government
National
Mortgage
Association,
Pool
#AL5058
................
3.00
3/15/45
3
46
Government
National
Mortgage
Association,
Pool
#MA3596
................
3.00
4/20/46
42
116
Government
National
Mortgage
Association,
Pool
#MA5018
................
3.00
2/20/48
105
135
Government
National
Mortgage
Association,
Pool
#MA4126
................
3.00
12/20/46
123
—
Government
National
Mortgage
Association,
Pool
#738602
.................
3.50
8/15/26
—
80
Government
National
Mortgage
Association,
Pool
#MA4196
................
3.50
1/20/47
75
70
Government
National
Mortgage
Association,
Pool
#MA3034
................
3.50
8/20/45
66
43
Government
National
Mortgage
Association,
Pool
#MA3663
................
3.50
5/20/46
40
60
Government
National
Mortgage
Association,
Pool
#MA3376
................
3.50
1/20/46
57
60
Government
National
Mortgage
Association,
Pool
#MA2303
................
3.50
10/20/44
57
83
Government
National
Mortgage
Association,
Pool
#MA0934
................
3.50
4/20/43
79
43
Government
National
Mortgage
Association,
Pool
#MA4586
................
3.50
7/20/47
40
75
Government
National
Mortgage
Association,
Pool
#MA4127
................
3.50
12/20/46
70
47
Government
National
Mortgage
Association,
Pool
#783976
.................
3.50
4/20/43
45
83
Government
National
Mortgage
Association,
Pool
#MA0852
................
3.50
3/20/43
79
24
Government
National
Mortgage
Association,
Pool
#MA4451
................
3.50
5/20/47
22
51
Government
National
Mortgage
Association,
Pool
#MA4069
................
3.50
11/20/46
48
42
Government
National
Mortgage
Association,
Pool
#MA4510
................
3.50
6/20/47
40
56
Government
National
Mortgage
Association,
Pool
#MA2892
................
3.50
6/20/45
52
109
Government
National
Mortgage
Association,
Pool
#MA1157
................
3.50
7/20/43
103
18
Government
National
Mortgage
Association,
Pool
#BD5909
................
3.50
10/15/47
16
46
Government
National
Mortgage
Association,
Pool
#MA5136
................
3.50
4/20/48
44
225
Government
National
Mortgage
Association,
Pool
#MA8199
................
3.50
8/20/52
207
27
Government
National
Mortgage
Association,
Pool
#MA1919
................
3.50
5/20/44
26
59
Government
National
Mortgage
Association,
Pool
#MA3597
................
3.50
4/20/46
56
52
Government
National
Mortgage
Association,
Pool
#MA2678
................
3.50
3/20/45
49
131
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
96
Government
National
Mortgage
Association,
Pool
#MA0462
................
3.50
10/20/42
$
92
31
Government
National
Mortgage
Association,
Pool
#740798
.................
3.50
1/15/42
29
74
Government
National
Mortgage
Association,
Pool
#MA3521
................
3.50
3/20/46
69
34
Government
National
Mortgage
Association,
Pool
#MA5263
................
3.50
6/20/48
32
4
Government
National
Mortgage
Association,
Pool
#MA5191
................
3.50
5/20/48
3
51
Government
National
Mortgage
Association,
Pool
#MA4900
................
3.50
12/20/47
48
50
Government
National
Mortgage
Association,
Pool
#MA4262
................
3.50
2/20/47
47
299
Government
National
Mortgage
Association,
Pool
#MA8149
................
3.50
7/20/52
275
45
Government
National
Mortgage
Association,
Pool
#MA2961
................
3.50
7/20/45
42
96
Government
National
Mortgage
Association,
Pool
#MA2073
................
3.50
7/20/44
91
12
Government
National
Mortgage
Association,
Pool
#MA6219
................
3.50
10/20/49
11
64
Government
National
Mortgage
Association,
Pool
#MA4004
................
3.50
10/20/46
60
6
Government
National
Mortgage
Association,
Pool
#MA3105
................
3.50
9/20/45
5
7
Government
National
Mortgage
Association,
Pool
#MA6410
................
3.50
1/20/50
6
2
Government
National
Mortgage
Association,
Pool
#AL8566
................
3.50
3/15/45
2
94
Government
National
Mortgage
Association,
Pool
#MA1090
................
3.50
6/20/43
89
33
Government
National
Mortgage
Association,
Pool
#MA3454
................
3.50
2/20/46
31
61
Government
National
Mortgage
Association,
Pool
#MA0699
................
3.50
1/20/43
58
12
Government
National
Mortgage
Association,
Pool
#MA5875
................
3.50
4/20/49
11
34
Government
National
Mortgage
Association,
Pool
#MA2754
................
3.50
4/20/45
32
33
Government
National
Mortgage
Association,
Pool
#MA2445
................
3.50
12/20/44
31
60
Government
National
Mortgage
Association,
Pool
#MA4321
................
3.50
3/20/47
56
48
Government
National
Mortgage
Association,
Pool
#MA3874
................
3.50
8/20/46
45
50
Government
National
Mortgage
Association,
Pool
#MA3803
................
3.50
7/20/46
47
66
Government
National
Mortgage
Association,
Pool
#MA0088
................
3.50
5/20/42
64
48
Government
National
Mortgage
Association,
Pool
#MA3310
................
3.50
12/20/45
44
32
Government
National
Mortgage
Association,
Pool
#AC3938
................
3.50
1/15/43
30
1
Government
National
Mortgage
Association,
Pool
#MA1266
................
3.50
9/20/28
1
6
Government
National
Mortgage
Association,
Pool
#MA2223
................
3.50
9/20/44
5
4
Government
National
Mortgage
Association,
Pool
#MA2826
................
3.50
5/20/45
4
11
Government
National
Mortgage
Association,
Pool
#AD2416
................
3.50
5/15/43
10
322
Government
National
Mortgage
Association,
Pool
#MB0742
................
3.50
11/20/55
295
71
Government
National
Mortgage
Association,
Pool
#MA4837
................
3.50
11/20/47
66
38
Government
National
Mortgage
Association,
Pool
#MA4778
................
3.50
10/20/47
36
92
Government
National
Mortgage
Association,
Pool
#MA5019
................
3.50
2/20/48
87
4
Government
National
Mortgage
Association,
Pool
#MA1574
................
3.50
1/20/29
4
87
Government
National
Mortgage
Association,
Pool
#MA3173
................
3.50
10/20/45
82
12
Government
National
Mortgage
Association,
Pool
#MA3937
................
3.50
9/20/46
11
8
Government
National
Mortgage
Association,
Pool
#MA6475
................
3.50
2/20/50
7
9
Government
National
Mortgage
Association,
Pool
#MA6711
................
3.50
6/20/50
9
59
Government
National
Mortgage
Association,
Pool
#AM4971
................
3.50
4/20/45
55
190
Government
National
Mortgage
Association,
Pool
#MA8266
................
3.50
9/20/52
175
12
Government
National
Mortgage
Association,
Pool
#796271
.................
3.50
7/15/42
11
15
Government
National
Mortgage
Association,
Pool
#MA6339
................
3.50
12/20/49
13
35
Government
National
Mortgage
Association,
Pool
#MA2371
................
3.50
11/20/44
33
67
Government
National
Mortgage
Association,
Pool
#MA3244
................
3.50
11/20/45
62
45
Government
National
Mortgage
Association,
Pool
#MA3736
................
3.50
6/20/46
42
31
Government
National
Mortgage
Association,
Pool
#MA1838
................
3.50
4/20/44
29
168
Government
National
Mortgage
Association,
Pool
#MA0220
................
3.50
7/20/42
162
136
Government
National
Mortgage
Association,
Pool
#MA2148
................
3.50
8/20/44
129
12
Government
National
Mortgage
Association,
Pool
#MA5762
................
3.50
2/20/49
11
63
Government
National
Mortgage
Association,
Pool
#MA4382
................
3.50
4/20/47
59
46
Government
National
Mortgage
Association,
Pool
#MA4719
................
3.50
9/20/47
44
58
Government
National
Mortgage
Association,
Pool
#MA4652
................
3.50
8/20/47
55
46
Government
National
Mortgage
Association,
Pool
#778157
.................
3.50
3/15/42
43
42
Government
National
Mortgage
Association,
Pool
#MA5077
................
3.50
3/20/48
39
3
Government
National
Mortgage
Association,
Pool
#AB9211
................
3.50
11/15/42
3
51
Government
National
Mortgage
Association,
Pool
#MA0022
................
3.50
4/20/42
49
17
Government
National
Mortgage
Association,
Pool
#AD5627
................
4.00
4/15/43
16
132
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
12
Government
National
Mortgage
Association,
Pool
#MA3455
................
4.00
2/20/46
$
11
5
Government
National
Mortgage
Association,
Pool
#779401
.................
4.00
6/15/42
5
385
Government
National
Mortgage
Association,
Pool
#MA8267
................
4.00
9/20/52
365
408
Government
National
Mortgage
Association,
Pool
#MA9302
................
4.00
11/20/53
387
46
Government
National
Mortgage
Association,
Pool
#MA4653
................
4.00
8/20/47
44
38
Government
National
Mortgage
Association,
Pool
#MA1376
................
4.00
10/20/43
36
14
Government
National
Mortgage
Association,
Pool
#740068
.................
4.00
9/15/40
13
19
Government
National
Mortgage
Association,
Pool
#MA2149
................
4.00
8/20/44
18
20
Government
National
Mortgage
Association,
Pool
#MA1091
................
4.00
6/20/43
20
58
Government
National
Mortgage
Association,
Pool
#MA1839
................
4.00
4/20/44
56
32
Government
National
Mortgage
Association,
Pool
#713876
.................
4.00
8/15/39
31
9
Government
National
Mortgage
Association,
Pool
#MA5330
................
4.00
7/20/48
9
26
Government
National
Mortgage
Association,
Pool
#MA1996
................
4.00
6/20/44
25
44
Government
National
Mortgage
Association,
Pool
#MA4511
................
4.00
6/20/47
42
14
Government
National
Mortgage
Association,
Pool
#738710
.................
4.00
9/15/41
14
20
Government
National
Mortgage
Association,
Pool
#MA1286
................
4.00
9/20/43
20
33
Government
National
Mortgage
Association,
Pool
#MA5078
................
4.00
3/20/48
31
2
Government
National
Mortgage
Association,
Pool
#MA5651
................
4.00
12/20/48
2
24
Government
National
Mortgage
Association,
Pool
#MA9962
................
4.00
10/20/54
22
62
Government
National
Mortgage
Association,
Pool
#MA4452
................
4.00
5/20/47
59
42
Government
National
Mortgage
Association,
Pool
#AB1483
................
4.00
8/15/42
40
327
Government
National
Mortgage
Association,
Pool
#MA8200
................
4.00
8/20/52
309
69
Government
National
Mortgage
Association,
Pool
#MA4587
................
4.00
7/20/47
66
148
Government
National
Mortgage
Association,
Pool
#MA8488
................
4.00
12/20/52
139
37
Government
National
Mortgage
Association,
Pool
#MA4383
................
4.00
4/20/47
36
13
Government
National
Mortgage
Association,
Pool
#MA5986
................
4.00
6/20/49
12
10
Government
National
Mortgage
Association,
Pool
#MA3106
................
4.00
9/20/45
10
36
Government
National
Mortgage
Association,
Pool
#MA0319
................
4.00
8/20/42
35
11
Government
National
Mortgage
Association,
Pool
#AV6086
................
4.00
7/15/47
11
14
Government
National
Mortgage
Association,
Pool
#AM8203
................
4.00
5/15/45
13
61
Government
National
Mortgage
Association,
Pool
#MA5466
................
4.00
9/20/48
58
44
Government
National
Mortgage
Association,
Pool
#MA5595
................
4.00
11/20/48
42
47
Government
National
Mortgage
Association,
Pool
#MA1761
................
4.00
3/20/44
46
29
Government
National
Mortgage
Association,
Pool
#MA1678
................
4.00
2/20/44
28
30
Government
National
Mortgage
Association,
Pool
#MA4263
................
4.00
2/20/47
28
33
Government
National
Mortgage
Association,
Pool
#MA5876
................
4.00
4/20/49
32
34
Government
National
Mortgage
Association,
Pool
#MA5710
................
4.00
1/20/49
33
16
Government
National
Mortgage
Association,
Pool
#MA6091
................
4.00
8/20/49
15
118
Government
National
Mortgage
Association,
Pool
#5139
..................
4.00
8/20/41
115
8
Government
National
Mortgage
Association,
Pool
#4922
..................
4.00
1/20/41
8
13
Government
National
Mortgage
Association,
Pool
#MA5931
................
4.00
5/20/49
12
8
Government
National
Mortgage
Association,
Pool
#766495
.................
4.00
10/15/41
7
57
Government
National
Mortgage
Association,
Pool
#MA2074
................
4.00
7/20/44
55
35
Government
National
Mortgage
Association,
Pool
#MA2522
................
4.00
1/20/45
34
36
Government
National
Mortgage
Association,
Pool
#MA3598
................
4.00
4/20/46
34
14
Government
National
Mortgage
Association,
Pool
#MA4322
................
4.00
3/20/47
13
3
Government
National
Mortgage
Association,
Pool
#MA3522
................
4.00
3/20/46
3
38
Government
National
Mortgage
Association,
Pool
#MA1449
................
4.00
11/20/43
36
12
Government
National
Mortgage
Association,
Pool
#MA6040
................
4.00
7/20/49
11
15
Government
National
Mortgage
Association,
Pool
#MA0155
................
4.00
6/20/42
15
33
Government
National
Mortgage
Association,
Pool
#MA4197
................
4.00
1/20/47
32
18
Government
National
Mortgage
Association,
Pool
#753254
.................
4.00
9/15/43
17
20
Government
National
Mortgage
Association,
Pool
#MA3245
................
4.00
11/20/45
19
10
Government
National
Mortgage
Association,
Pool
#MA6155
................
4.00
9/20/49
10
6
Government
National
Mortgage
Association,
Pool
#MA3174
................
4.00
10/20/45
6
24
Government
National
Mortgage
Association,
Pool
#MA2602
................
4.00
2/20/45
23
50
Government
National
Mortgage
Association,
Pool
#MA2224
................
4.00
9/20/44
48
35
Government
National
Mortgage
Association,
Pool
#MA3377
................
4.00
1/20/46
34
29
Government
National
Mortgage
Association,
Pool
#MA3737
................
4.00
6/20/46
27
133
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
42
Government
National
Mortgage
Association,
Pool
#MA2304
................
4.00
10/20/44
$
41
293
Government
National
Mortgage
Association,
Pool
#MA8151
................
4.50
7/20/52
285
11
Government
National
Mortgage
Association,
Pool
#MA5399
................
4.50
8/20/48
11
8
Government
National
Mortgage
Association,
Pool
#729511
.................
4.50
4/15/40
8
11
Government
National
Mortgage
Association,
Pool
#MA5987
................
4.50
6/20/49
11
4
Government
National
Mortgage
Association,
Pool
#MA2373
................
4.50
11/20/44
4
47
Government
National
Mortgage
Association,
Pool
#MA1762
................
4.50
3/20/44
45
17
Government
National
Mortgage
Association,
Pool
#MA5467
................
4.50
9/20/48
17
11
Government
National
Mortgage
Association,
Pool
#MA4780
................
4.50
10/20/47
10
24
Government
National
Mortgage
Association,
Pool
#MA9849
................
4.50
8/20/54
23
98
Government
National
Mortgage
Association,
Pool
#MB0422
................
4.50
6/20/55
95
4
Government
National
Mortgage
Association,
Pool
#MA5529
................
4.50
10/20/48
4
360
Government
National
Mortgage
Association,
Pool
#MA8946
................
4.50
6/20/53
348
23
Government
National
Mortgage
Association,
Pool
#MA4512
................
4.50
6/20/47
23
11
Government
National
Mortgage
Association,
Pool
#MA4721
................
4.50
9/20/47
11
3
Government
National
Mortgage
Association,
Pool
#MA5877
................
4.50
4/20/49
3
26
Government
National
Mortgage
Association,
Pool
#MA5818
................
4.50
3/20/49
26
9
Government
National
Mortgage
Association,
Pool
#MA5711
................
4.50
1/20/49
9
43
Government
National
Mortgage
Association,
Pool
#MA2756
................
4.50
4/20/45
42
6
Government
National
Mortgage
Association,
Pool
#MA5764
................
4.50
2/20/49
6
30
Government
National
Mortgage
Association,
Pool
#MA4384
................
4.50
4/20/47
29
10
Government
National
Mortgage
Association,
Pool
#MA5596
................
4.50
11/20/48
9
29
Government
National
Mortgage
Association,
Pool
#MA5652
................
4.50
12/20/48
28
592
Government
National
Mortgage
Association,
Pool
#MB0090
................
4.50
12/20/54
573
7
Government
National
Mortgage
Association,
Pool
#MA4129
................
4.50
12/20/46
7
14
Government
National
Mortgage
Association,
Pool
#MA1092
................
4.50
6/20/43
14
25
Government
National
Mortgage
Association,
Pool
#MA0701
................
4.50
1/20/43
25
9
Government
National
Mortgage
Association,
Pool
#738793
.................
4.50
9/15/41
9
2
Government
National
Mortgage
Association,
Pool
#MA5193
................
4.50
5/20/48
2
131
Government
National
Mortgage
Association,
Pool
#721760
.................
4.50
8/15/40
131
14
Government
National
Mortgage
Association,
Pool
#MA3805
................
4.50
7/20/46
14
275
Government
National
Mortgage
Association,
Pool
#MB0483
................
4.50
7/20/55
266
249
Government
National
Mortgage
Association,
Pool
#MA9486
................
4.50
2/20/54
241
71
Government
National
Mortgage
Association,
Pool
#717148
.................
4.50
5/15/39
71
432
Government
National
Mortgage
Association,
Pool
#MB0145
................
4.50
1/20/55
417
4
Government
National
Mortgage
Association,
Pool
#BB7097
................
4.50
8/15/47
3
184
Government
National
Mortgage
Association,
Pool
#4801
..................
4.50
9/20/40
182
494
Government
National
Mortgage
Association,
Pool
#MA8877
................
4.50
5/20/53
480
332
Government
National
Mortgage
Association,
Pool
#MA8724
................
4.50
3/20/53
322
44
Government
National
Mortgage
Association,
Pool
#5260
..................
4.50
12/20/41
43
585
Government
National
Mortgage
Association,
Pool
#MA8428
................
5.00
11/20/52
584
12
Government
National
Mortgage
Association,
Pool
#MA5597
................
5.00
11/20/48
12
7
Government
National
Mortgage
Association,
Pool
#782468
.................
5.00
11/15/38
7
432
Government
National
Mortgage
Association,
Pool
#MB0146
................
5.00
1/20/55
427
129
Government
National
Mortgage
Association,
Pool
#4559
..................
5.00
10/20/39
131
48
Government
National
Mortgage
Association,
Pool
#782523
.................
5.00
11/15/35
48
25
Government
National
Mortgage
Association,
Pool
#MA2076
................
5.00
7/20/44
25
23
Government
National
Mortgage
Association,
Pool
#MB0204
................
5.00
2/20/55
23
349
Government
National
Mortgage
Association,
Pool
#MA9170
................
5.00
9/20/53
347
8
Government
National
Mortgage
Association,
Pool
#MA5530
................
5.00
10/20/48
8
375
Government
National
Mortgage
Association,
Pool
#MB0307
................
5.00
4/20/55
371
11
Government
National
Mortgage
Association,
Pool
#675179
.................
5.00
3/15/38
11
344
Government
National
Mortgage
Association,
Pool
#MA9016
................
5.00
7/20/53
342
7
Government
National
Mortgage
Association,
Pool
#MA5400
................
5.00
8/20/48
7
323
Government
National
Mortgage
Association,
Pool
#MA8800
................
5.00
4/20/53
321
452
Government
National
Mortgage
Association,
Pool
#MB0813
................
5.00
12/20/55
448
33
Government
National
Mortgage
Association,
Pool
#694531
.................
5.00
11/15/38
34
325
Government
National
Mortgage
Association,
Pool
#MA9105
................
5.00
8/20/53
323
4
Government
National
Mortgage
Association,
Pool
#MA0465
................
5.00
10/20/42
4
134
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
7
Government
National
Mortgage
Association,
Pool
#MA5819
................
5.00
3/20/49
$
7
240
Government
National
Mortgage
Association,
Pool
#MB0423
................
5.00
6/20/55
238
299
Government
National
Mortgage
Association,
Pool
#MB0871
................
5.00
1/20/56
296
621
Government
National
Mortgage
Association,
Pool
#MB0025
................
5.00
11/20/54
615
23
Government
National
Mortgage
Association,
Pool
#604285
.................
5.00
5/15/33
23
5
Government
National
Mortgage
Association,
Pool
#MA5988
................
5.00
6/20/49
5
292
Government
National
Mortgage
Association,
Pool
#MA8647
................
5.00
2/20/53
290
8
Government
National
Mortgage
Association,
Pool
#697946
.................
5.00
3/15/39
8
3
Government
National
Mortgage
Association,
Pool
#MA5712
................
5.00
1/20/49
3
10
Government
National
Mortgage
Association,
Pool
#MA5933
................
5.00
5/20/49
10
15
Government
National
Mortgage
Association,
Pool
#MA4007
................
5.00
10/20/46
15
172
Government
National
Mortgage
Association,
Pool
#MA9240
................
5.00
10/20/53
171
6
Government
National
Mortgage
Association,
Pool
#MA5765
................
5.00
2/20/49
6
16
Government
National
Mortgage
Association,
Pool
#712690
.................
5.00
4/15/39
16
4
Government
National
Mortgage
Association,
Pool
#MA5653
................
5.00
12/20/48
4
6
Government
National
Mortgage
Association,
Pool
#MA5080
................
5.00
3/20/48
7
321
Government
National
Mortgage
Association,
Pool
#MA9362
................
5.50
12/20/53
324
33
Government
National
Mortgage
Association,
Pool
#783284
.................
5.50
6/20/40
35
323
Government
National
Mortgage
Association,
Pool
#MB0259
................
5.50
3/20/55
326
298
Government
National
Mortgage
Association,
Pool
#MA9017
................
5.50
7/20/53
301
240
Government
National
Mortgage
Association,
Pool
#MB0485
................
5.50
7/20/55
241
74
Government
National
Mortgage
Association,
Pool
#MB0686
................
5.50
10/20/55
74
416
Government
National
Mortgage
Association,
Pool
#MB0556
................
5.50
8/20/55
419
365
Government
National
Mortgage
Association,
Pool
#MA9668
................
5.50
5/20/54
368
349
Government
National
Mortgage
Association,
Pool
#MB0308
................
5.50
4/20/55
351
288
Government
National
Mortgage
Association,
Pool
#MA8570
................
5.50
1/20/53
293
359
Government
National
Mortgage
Association,
Pool
#MB0424
................
5.50
6/20/55
361
5
Government
National
Mortgage
Association,
Pool
#658181
.................
5.50
11/15/36
5
4
Government
National
Mortgage
Association,
Pool
#MA0466
................
5.50
10/20/42
4
304
Government
National
Mortgage
Association,
Pool
#MA8948
................
5.50
6/20/53
308
336
Government
National
Mortgage
Association,
Pool
#MA9906
................
5.50
9/20/54
339
21
Government
National
Mortgage
Association,
Pool
#510835
.................
5.50
2/15/35
21
18
Government
National
Mortgage
Association,
Pool
#MA9541
................
5.50
3/20/54
18
213
Government
National
Mortgage
Association,
Pool
#MA9241
................
5.50
10/20/53
215
373
Government
National
Mortgage
Association,
Pool
#MA9965
................
5.50
10/20/54
377
337
Government
National
Mortgage
Association,
Pool
#MA9851
................
5.50
8/20/54
339
336
Government
National
Mortgage
Association,
Pool
#MA9488
................
5.50
2/20/54
340
257
Government
National
Mortgage
Association,
Pool
#MA9305
................
5.50
11/20/53
259
125
Government
National
Mortgage
Association,
Pool
#MA8801
................
5.50
4/20/53
127
440
Government
National
Mortgage
Association,
Pool
#MB0092
................
5.50
12/20/54
444
256
Government
National
Mortgage
Association,
Pool
#MA9606
................
6.00
4/20/54
261
254
Government
National
Mortgage
Association,
Pool
#MB0309
................
6.00
4/20/55
258
231
Government
National
Mortgage
Association,
Pool
#MA9018
................
6.00
7/20/53
235
236
Government
National
Mortgage
Association,
Pool
#MA9424
................
6.00
1/20/54
241
249
Government
National
Mortgage
Association,
Pool
#MB0624
................
6.00
9/20/55
253
268
Government
National
Mortgage
Association,
Pool
#MB0260
................
6.00
3/20/55
273
316
Government
National
Mortgage
Association,
Pool
#MB0206
................
6.00
2/20/55
322
275
Government
National
Mortgage
Association,
Pool
#MA9907
................
6.00
9/20/54
280
17
Government
National
Mortgage
Association,
Pool
#781959
.................
6.00
7/15/35
17
166
Government
National
Mortgage
Association,
Pool
#MA9780
................
6.00
7/20/54
169
13
Government
National
Mortgage
Association,
Pool
#MA9542
................
6.00
3/20/54
13
18
Government
National
Mortgage
Association,
Pool
#4222
..................
6.00
8/20/38
19
22
Government
National
Mortgage
Association,
Pool
#4245
..................
6.00
9/20/38
22
100
Government
National
Mortgage
Association,
Pool
#MA9852
................
6.00
8/20/54
102
283
Government
National
Mortgage
Association,
Pool
#MA9966
................
6.00
10/20/54
288
311
Government
National
Mortgage
Association,
Pool
#MB0148
................
6.00
1/20/55
317
143
Government
National
Mortgage
Association,
Pool
#MA9364
................
6.50
12/20/53
149
286
Government
National
Mortgage
Association,
Pool
#MB0558
................
6.50
8/20/55
297
209
Government
National
Mortgage
Association,
Pool
#MA9727
................
6.50
6/20/54
218
135
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Mortgages
(continued)
$
88
Government
National
Mortgage
Association,
Pool
#MA9908
................
6.50
9/20/54
$
91
7
Government
National
Mortgage
Association,
Pool
#699237
.................
6.50
9/15/38
7
144
Government
National
Mortgage
Association,
Pool
#MB0261
................
6.50
3/20/55
149
75
Government
National
Mortgage
Association,
30
YR
TBA
..................
2.00
5/20/56
62
500
Government
National
Mortgage
Association,
30
YR
TBA
..................
2.00
4/20/56
412
50
Government
National
Mortgage
Association,
30
YR
TBA
..................
2.50
5/20/56
43
675
Government
National
Mortgage
Association,
30
YR
TBA
..................
2.50
4/20/56
580
25
Government
National
Mortgage
Association,
30
YR
TBA
..................
3.00
5/20/55
22
700
Government
National
Mortgage
Association,
30
YR
TBA
..................
3.00
4/20/56
625
50
Government
National
Mortgage
Association,
30
YR
TBA
..................
3.50
5/20/55
46
600
Government
National
Mortgage
Association,
30
YR
TBA
..................
3.50
4/20/56
550
50
Government
National
Mortgage
Association,
30
YR
TBA
..................
4.00
5/20/55
47
600
Government
National
Mortgage
Association,
30
YR
TBA
..................
4.00
4/20/56
562
400
Government
National
Mortgage
Association,
30
YR
TBA
..................
4.50
4/20/56
386
25
Government
National
Mortgage
Association,
30
YR
TBA
..................
4.50
5/20/55
24
25
Government
National
Mortgage
Association,
30
YR
TBA
..................
5.00
5/20/56
25
1,200
Government
National
Mortgage
Association,
30
YR
TBA
..................
5.00
4/20/56
1,188
700
Government
National
Mortgage
Association,
30
YR
TBA
..................
5.50
4/20/56
704
50
Government
National
Mortgage
Association,
30
YR
TBA
..................
5.50
5/20/56
50
50
Government
National
Mortgage
Association,
30
YR
TBA
..................
6.00
5/20/55
51
600
Government
National
Mortgage
Association,
30
YR
TBA
..................
6.00
4/20/56
610
25
Government
National
Mortgage
Association,
30
YR
TBA
..................
6.50
5/20/56
26
375
Government
National
Mortgage
Association,
30
YR
TBA
..................
6.50
4/20/56
390
300
Government
National
Mortgage
Association,
30
YR
TBA
..................
7.00
4/20/56
310
Total
U.S.
Government
Agency
Mortgages
(cost
$229,217)
...............
213,096
U.S.
Government
Agency
Securities
—
0.41%
375
Fannie
Mae
...................................................
0.75
10/8/27
358
200
Fannie
Mae
...................................................
0.88
8/5/30
176
10
Fannie
Mae
...................................................
5.63
7/15/37
11
300
Fannie
Mae
...................................................
6.25
5/15/29
321
180
Fannie
Mae
...................................................
6.63
11/15/30
200
180
Fannie
Mae
...................................................
7.25
5/15/30
203
75
Federal
Farm
Credit
Banks
Funding
Corp.,
Callable
4/13/26
@
100.00
.........
1.24
12/23/30
66
496
Federal
Farm
Credit
Banks
Funding
Corp.,
Callable
4/13/26
@
100.00
.........
1.55
7/26/30
447
500
Federal
Farm
Credit
Banks
Funding
Corp.,
Callable
1/22/27
@
100.00
.........
3.74
1/22/29
495
115
Federal
Farm
Credit
Banks
Funding
Corp.
.............................
3.75
7/3/28
115
250
Federal
Farm
Credit
Banks
Funding
Corp.,
Callable
4/13/26
@
100.00
.........
4.89
9/12/33
249
25
Federal
Home
Loan
Banks
........................................
3.25
11/16/28
25
300
Federal
Home
Loan
Banks
........................................
3.25
6/9/28
296
500
Federal
Home
Loan
Banks
........................................
3.50
3/3/28
497
500
Federal
Home
Loan
Banks
........................................
3.50
9/9/27
497
175
Federal
Home
Loan
Banks
........................................
3.50
10/4/27
174
250
Federal
Home
Loan
Banks
........................................
3.88
6/4/27
250
300
Federal
Home
Loan
Banks
........................................
4.00
6/30/28
301
125
Federal
Home
Loan
Banks
........................................
4.75
4/9/27
126
165
Federal
Home
Loan
Banks
........................................
5.50
7/15/36
179
10
Freddie
Mac
..................................................
0.00(b)
11/15/38
5
100
Freddie
Mac
..................................................
0.00(b)
11/15/38
55
1,000
Freddie
Mac,
Callable
6/18/26
@
100.00
..............................
4.75
12/18/29
1,000
265
Freddie
Mac
..................................................
6.25
7/15/32
295
190
Freddie
Mac
..................................................
6.75
3/15/31
213
5
Tennessee
Valley
Authority
........................................
3.50
12/15/42
4
25
Tennessee
Valley
Authority
........................................
3.88
3/15/28
25
200
Tennessee
Valley
Authority
........................................
3.88
8/1/30
199
10
Tennessee
Valley
Authority
........................................
4.25
9/15/52
9
125
Tennessee
Valley
Authority
........................................
4.88
5/15/35
129
85
Tennessee
Valley
Authority
........................................
5.25
9/15/39
89
136
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Government
Agency
Securities
(continued)
$
250
Tennessee
Valley
Authority
........................................
5.25
2/1/55
$
248
200
Tennessee
Valley
Authority
........................................
5.38
4/1/56
202
100
Tennessee
Valley
Authority
........................................
5.88
4/1/36
111
140
Tennessee
Valley
Authority
........................................
6.15
1/15/38
159
Total
U.S.
Government
Agency
Securities
(cost
$7,851)
..................
7,729
Corporate
Bonds
—
12.13%
2,254
AbbVie,
Inc.
(Biotechnology)  
.....................................
4.40
11/6/42
1,962
573
AbbVie,
Inc.
(Biotechnology),
Callable
9/15/63
@
100.00 
.................
5.50
3/15/64
543
915
Alabama
Power
Co.,
Series
B
(Electric
Utilities),
Callable
6/1/47
@
100.00 
.....
3.70
12/1/47
676
1,335
Alphabet,
Inc.
(Interactive
Media
&
Services),
Callable
5/15/55
@
100.00 
......
5.45
11/15/55
1,287
1,440
Amazon.com,
Inc.
(Broadline
Retail),
Callable
5/20/55
@
100.00 
............
5.45
11/20/55
1,377
2,050
American
Express
Co.
(Consumer
Finance),
Callable
4/25/35
@
100.00 
.......
5.67
(SOFR
+
179
bps)(c)
4/25/36
2,112
1,025
Amgen,
Inc.
(Biotechnology),
Callable
11/25/30
@
100.00 
.................
2.30
2/25/31
921
1,360
Amgen,
Inc.
(Biotechnology),
Callable
12/15/50
@
100.00 
.................
4.66
6/15/51
1,134
670
Amgen,
Inc.
(Biotechnology),
Callable
9/2/42
@
100.00 
..................
5.60
3/2/43
655
300
Amgen,
Inc.
(Biotechnology),
Callable
9/2/62
@
100.00 
..................
5.75
3/2/63
285
2,120
Anheuser-Busch
Cos.
LLC/Anheuser-Busch
InBev
Worldwide,
Inc.
(Beverages),
Callable
8/1/45
@
100.00 
....................................
4.90
2/1/46
1,910
545
Anheuser-Busch
InBev
Worldwide,
Inc.
(Beverages)  
.....................
4.95
1/15/42
506
455
Apple,
Inc.
(Technology
Hardware,
Storage
&
Peripherals),
Callable
2/8/62
@
100.00 
..................................................
4.10
8/8/62
343
2,135
Apple,
Inc.
(Technology
Hardware,
Storage
&
Peripherals),
Callable
8/23/45
@
100.00 
..................................................
4.65
2/23/46
1,910
1,225
Arthur
J
Gallagher
&
Co
(Insurance),
Callable
9/9/51
@
100.00 
.............
3.05
3/9/52
748
1,175
Arthur
J
Gallagher
&
Co
(Insurance),
Callable
11/15/34
@
100.00 
...........
5.15
2/15/35
1,162
3,275
AT&T,
Inc.
(Diversified
Telecommunication
Services),
Callable
3/15/55
@
100.00 
3.55
9/15/55
2,127
405
AT&T,
Inc.
(Diversified
Telecommunication
Services),
Callable
9/9/48
@
100.00 
.
4.55
3/9/49
325
90
Atmos
Energy
Corp.
(Gas
Utilities),
Callable
4/15/44
@
100.00 
.............
4.13
10/15/44
74
645
Atmos
Energy
Corp.
(Gas
Utilities),
Callable
7/15/42
@
100.00 
.............
4.15
1/15/43
535
2,085
Atmos
Energy
Corp.
(Gas
Utilities)  
.................................
6.75
7/15/28
2,184
2,865
Bank
of
America
Corp.
(Banks),
Callable
4/22/31
@
100.00 
................
2.69
(SOFR
+
132
bps)(c)
4/22/32
2,592
3,183
Bank
of
America
Corp.,
MTN
(Banks),
Callable
2/7/29
@
100.00 
...........
3.97
(TSFR3M
+
147
bps)(c)
2/7/30
3,139
2,690
Bank
of
America
Corp.
(Banks),
Callable
1/24/35
@
100.00 
................
5.51
(SOFR
+
131
bps)(c)
1/24/36
2,724
1,290
Bank
of
America
Corp.
(Banks),
Callable
9/15/33
@
100.00 
................
5.87
(SOFR
+
184
bps)(c)
9/15/34
1,348
1,155
BAT
Capital
Corp.
(Tobacco),
Callable
12/25/30
@
100.00 
.................
2.73
3/25/31
1,051
1,300
BP
Capital
Markets
America,
Inc.
(Oil,
Gas
&
Consumable
Fuels),
Callable
8/24/49
@
100.00 
................................................
3.00
2/24/50
829
230
Bristol-Myers
Squibb
Co.
(Pharmaceuticals),
Callable
11/22/33
@
100.00 
......
5.20
2/22/34
234
345
Bristol-Myers
Squibb
Co.
(Pharmaceuticals),
Callable
8/22/63
@
100.00 
.......
5.65
2/22/64
331
1,935
Brown
&
Brown,
Inc.
(Insurance),
Callable
12/17/31
@
100.00 
.............
4.20
3/17/32
1,822
3,575
Brown
&
Brown,
Inc.
(Insurance),
Callable
12/15/28
@
100.00 
.............
4.50
3/15/29
3,549
2,455
Bunge
Ltd.
Finance
Corp.
(Consumer
Staples
Distribution
&
Retail),
Callable
1/1/32
@
100.00 
................................................
5.25
4/21/32
2,490
550
Capital
One
Financial
Corp.
(Consumer
Finance),
Callable
7/29/31
@
100.00 
...
2.36
(SOFR
+
134
bps)(c)
7/29/32
474
1,125
Capital
One
Financial
Corp.
(Consumer
Finance),
Callable
11/2/31
@
100.00 
...
2.62
(SOFR
+
127
bps)(c)
11/2/32
989
3,940
Capital
One
Financial
Corp.
(Consumer
Finance),
Callable
7/26/29
@
100.00 
...
5.46
(SOFR
+
156
bps)(c)
7/26/30
4,024
2,194
Carlisle
Cos.,
Inc.
(Building
Products),
Callable
12/1/31
@
100.00 
...........
2.20
3/1/32
1,885
735
CF
Industries,
Inc.
(Chemicals)  
....................................
5.38
3/15/44
686
137
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
Corporate
Bonds
(continued)
$
4,010
Charter
Communications
Operating
LLC/Charter
Communications
Operating
Capital
(Media),
Callable
1/1/31
@
100.00 
..............................
2.80
4/1/31
$
3,592
845
Cheniere
Energy
Partners
LP
(Oil,
Gas
&
Consumable
Fuels),
Callable
1/31/27
@
101.63 
..................................................
3.25
1/31/32
773
771
Cheniere
Energy
Partners
LP
(Oil,
Gas
&
Consumable
Fuels),
Callable
4/12/26
@
101.50 
..................................................
4.50
10/1/29
768
1,325
Chubb
INA
Holdings
LLC
(Insurance),
Callable
12/15/33
@
100.00 
..........
5.00
3/15/34
1,332
3,710
Citigroup,
Inc.
(Banks),
Callable
3/17/32
@
100.00 
......................
3.79
(SOFR
+
194
bps)(c)
3/17/33
3,478
3,380
Citigroup,
Inc.
(Banks),
Callable
3/31/30
@
100.00 
......................
4.41
(SOFR
+
391
bps)(c)
3/31/31
3,342
105
Comcast
Corp.
(Diversified
Telecommunication
Services),
Callable
5/1/49
@
100.00 
..................................................
4.00
11/1/49
76
25
Comcast
Corp.
(Diversified
Telecommunication
Services)  
.................
4.65
7/15/42
22
2,185
Comcast
Corp.
(Diversified
Telecommunication
Services)  
.................
4.75
3/1/44
1,848
210
ConocoPhillips
Co.
(Oil,
Gas
&
Consumable
Fuels),
Callable
11/15/52
@
100.00 
.
5.30
5/15/53
194
165
ConocoPhillips
Co.
(Oil,
Gas
&
Consumable
Fuels),
Callable
3/15/63
@
100.00 
.
5.70
9/15/63
157
420
Consolidated
Edison
Co.
of
New
York,
Inc.
(Multi-Utilities),
Callable
9/15/43
@
100.00 
..................................................
4.45
3/15/44
357
285
Constellation
Brands,
Inc.
(Beverages),
Callable
5/1/29
@
100.00 
............
3.15
8/1/29
273
2,335
Constellation
Brands,
Inc.
(Beverages),
Callable
2/1/33
@
100.00 
............
4.90
5/1/33
2,298
1,726
Constellation
Energy
Generation
LLC
(Independent
Power
and
Renewable
Electricity
Producers),
Callable
9/15/53
@
100.00 
...................
5.75
3/15/54
1,674
440
Constellation
Energy
Generation
LLC
(Independent
Power
and
Renewable
Electricity
Producers),
Callable
10/15/33
@
100.00 
..................
6.13
1/15/34
469
2,780
COPT
Defense
Properties
LP
(Office
REITs),
Callable
11/15/28
@
100.00 
......
2.00
1/15/29
2,593
628
COPT
Defense
Properties
LP
(Office
REITs),
Callable
9/15/30
@
100.00 
.......
4.50
10/15/30
618
615
CSX
Corp.
(Ground
Transportation),
Callable
5/15/52
@
100.00 
.............
4.50
11/15/52
511
710
CSX
Corp.
(Ground
Transportation)  
.................................
6.22
4/30/40
763
2,000
CVS
Health
Corp.
(Health
Care
Providers
&
Services),
Callable
1/1/30
@
100.00 
3.75
4/1/30
1,930
2,480
CVS
Health
Corp.
(Health
Care
Providers
&
Services),
Callable
12/25/27
@
100.00 
4.30
3/25/28
2,467
1,380
CVS
Health
Corp.
(Health
Care
Providers
&
Services),
Callable
1/20/45
@
100.00 
5.13
7/20/45
1,209
500
CVS
Health
Corp.
(Health
Care
Providers
&
Services),
Callable
12/1/62
@
100.00 
6.00
6/1/63
474
1,980
Dell
International
LLC/EMC
Corp.
(Technology
Hardware,
Storage
&
Peripherals),
Callable
11/1/34
@
100.00 
....................................
4.85
2/1/35
1,916
2,308
Delta
Air
Lines,
Inc.
(Passenger
Airlines),
Callable
7/28/29
@
100.00 
.........
3.75
10/28/29
2,219
340
Devon
Energy
Corp.
(Oil,
Gas
&
Consumable
Fuels),
Callable
11/15/41
@
100.00 
4.75
5/15/42
297
458
Devon
Energy
Corp.
(Oil,
Gas
&
Consumable
Fuels),
Callable
1/15/41
@
100.00 
.
5.60
7/15/41
438
1,490
Devon
Energy
Corp.
(Oil,
Gas
&
Consumable
Fuels)  
....................
7.88
9/30/31
1,706
814
DTE
Electric
Co.
(Multi-Utilities),
Callable
2/15/47
@
100.00 
..............
3.75
8/15/47
610
285
DTE
Energy
Co.
(Multi-Utilities),
Callable
2/1/29
@
100.00 
...............
5.10
3/1/29
289
1,020
DTE
Energy
Co.
(Multi-Utilities),
Callable
3/1/34
@
100.00 
...............
5.85
6/1/34
1,068
15
Duke
Energy
Corp.
(Electric
Utilities),
Callable
2/15/52
@
100.00 
...........
5.00
8/15/52
13
195
Eaton
Corp.
(Electrical
Equipment),
Callable
2/23/52
@
100.00 
.............
4.70
8/23/52
169
380
Elevance
Health,
Inc.
(Health
Care
Providers
&
Services)  
.................
4.63
5/15/42
331
820
Elevance
Health,
Inc.
(Health
Care
Providers
&
Services)  
.................
4.65
1/15/43
706
1,340
Eli
Lilly
&
Co.
(Pharmaceuticals),
Callable
8/9/53
@
100.00 
...............
5.00
2/9/54
1,211
1,535
Energy
Transfer
LP
(Oil,
Gas
&
Consumable
Fuels),
Callable
7/15/42
@
100.00 
.
4.95
1/15/43
1,331
350
Energy
Transfer
LP
(Oil,
Gas
&
Consumable
Fuels),
Callable
2/15/34
@
100.00 
.
5.55
5/15/34
355
355
Energy
Transfer
LP
(Oil,
Gas
&
Consumable
Fuels),
Callable
12/15/47
@
100.00 
6.00
6/15/48
338
2,450
Energy
Transfer
LP
(Oil,
Gas
&
Consumable
Fuels),
Callable
4/17/26
@
103.69 (d)
7.38
2/1/31
2,542
1,586
Enterprise
Products
Operating
LLC
(Oil,
Gas
&
Consumable
Fuels),
Callable
9/15/43
@
100.00 
..........................................
4.85
3/15/44
1,421
2,372
Federal
Express
Corp.
Pass
Through
Trusts,
Series
2020-1
(Air
Freight
&
Logistics)  
1.88
2/20/34
2,046
620
Fiserv,
Inc.
(Financial
Services),
Callable
12/15/33
@
100.00 
...............
5.45
3/15/34
613
1,055
Fiserv,
Inc.
(Financial
Services),
Callable
12/2/32
@
100.00 
................
5.60
3/2/33
1,064
305
General
Motors
Co.
(Automobiles),
Callable
7/1/27
@
100.00 
..............
4.20
10/1/27
303
4,065
General
Motors
Financial
Co.,
Inc.
(Automobiles),
Callable
2/6/30
@
100.00 
....
5.85
4/6/30
4,195
1,070
Georgia
Power
Co.
(Electric
Utilities)  
...............................
4.30
3/15/42
922
138
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
Corporate
Bonds
(continued)
$
1,216
Gilead
Sciences,
Inc.
(Biotechnology),
Callable
8/1/44
@
100.00 
............
4.50
2/1/45
$
1,045
230
Gilead
Sciences,
Inc.
(Biotechnology),
Callable
4/15/53
@
100.00 
...........
5.55
10/15/53
222
75
HCA,
Inc.
(Health
Care
Providers
&
Services),
Callable
3/1/30
@
100.00 
......
3.50
9/1/30
71
1,025
HCA,
Inc.
(Health
Care
Providers
&
Services),
Callable
3/1/33
@
100.00 
......
5.50
6/1/33
1,045
585
HCA,
Inc.
(Health
Care
Providers
&
Services),
Callable
1/1/34
@
100.00 
......
5.60
4/1/34
598
1,565
HCA,
Inc.
(Health
Care
Providers
&
Services),
Callable
8/1/28
@
100.00 
......
5.88
2/1/29
1,607
280
HCA,
Inc.
(Health
Care
Providers
&
Services),
Callable
10/1/53
@
100.00 
.....
6.00
4/1/54
270
865
Howmet
Aerospace,
Inc.
(Aerospace
&
Defense),
Callable
8/15/31
@
100.00 
....
4.85
10/15/31
872
580
International
Paper
Co.
(Containers
&
Packaging),
Callable
5/15/41
@
100.00 
...
6.00
11/15/41
574
6,085
JPMorgan
Chase
&
Co.
(Banks),
Callable
4/22/31
@
100.00 
................
2.58
(TSFR3M
+
125
bps)(c)
4/22/32
5,501
2,750
JPMorgan
Chase
&
Co.
(Banks),
Callable
1/23/34
@
100.00 
................
5.34
(SOFR
+
162
bps)(c)
1/23/35
2,791
300
Kinder
Morgan,
Inc.
(Oil,
Gas
&
Consumable
Fuels),
Callable
5/1/30
@
100.00 
..
5.15
6/1/30
307
1,710
Kinder
Morgan,
Inc.
(Oil,
Gas
&
Consumable
Fuels),
Callable
12/1/44
@
100.00 
.
5.55
6/1/45
1,629
320
Kinder
Morgan,
Inc.
(Oil,
Gas
&
Consumable
Fuels),
Callable
3/1/35
@
100.00 
..
5.85
6/1/35
335
675
Lincoln
National
Corp.
(Insurance),
Callable
10/15/30
@
100.00 
............
3.40
1/15/31
626
2,380
Lincoln
National
Corp.
(Insurance),
Callable
12/15/33
@
100.00 
............
5.85
3/15/34
2,417
1,660
Lowe's
Cos.,
Inc.
(Specialty
Retail),
Callable
1/15/33
@
100.00 
.............
5.00
4/15/33
1,668
560
Lowe's
Cos.,
Inc.
(Specialty
Retail),
Callable
10/15/52
@
100.00 
............
5.63
4/15/53
524
1,000
Martin
Marietta
Materials,
Inc.
(Construction
Materials),
Callable
4/15/31
@
100.00 
2.40
7/15/31
886
890
Marvell
Technology,
Inc.
(Semiconductors
&
Semiconductor
Equipment),
Callable
1/15/31
@
100.00 
..........................................
2.95
4/15/31
813
1,650
Marvell
Technology,
Inc.
(Semiconductors
&
Semiconductor
Equipment),
Callable
6/15/33
@
100.00 
..........................................
5.95
9/15/33
1,744
615
MetLife,
Inc.
(Insurance)  
........................................
4.88
11/13/43
549
760
MetLife,
Inc.
(Insurance),
Callable
7/15/53
@
100.00 
.....................
5.25
1/15/54
694
870
Microsoft
Corp.
(Software),
Callable
12/1/49
@
100.00 
...................
2.53
6/1/50
521
1,555
Microsoft
Corp.
(Software),
Callable
2/8/46
@
100.00 
....................
3.70
8/8/46
1,224
436
Mohawk
Industries,
Inc.
(Household
Durables),
Callable
2/15/30
@
100.00 
.....
3.63
5/15/30
418
802
Mohawk
Industries,
Inc.
(Household
Durables),
Callable
8/18/28
@
100.00 
.....
5.85
9/18/28
825
2,065
Morgan
Stanley,
MTN
(Capital
Markets),
Callable
1/22/30
@
100.00 
.........
2.70
(SOFR
+
114
bps)(c)
1/22/31
1,916
5,340
Morgan
Stanley
(Capital
Markets),
Callable
1/21/32
@
100.00 
..............
2.94
(SOFR
+
129
bps)(c)
1/21/33
4,782
755
Morgan
Stanley
(Capital
Markets),
Callable
1/18/34
@
100.00 
..............
5.47
(SOFR
+
173
bps)(c)
1/18/35
764
90
Morgan
Stanley
(Capital
Markets),
Callable
11/1/33
@
100.00 
..............
6.63
(SOFR
+
205
bps)(c)
11/1/34
98
1,375
Motorola
Solutions,
Inc.
(Communications
Equipment),
Callable
1/15/34
@
100.00 
5.40
4/15/34
1,390
500
Motorola
Solutions,
Inc.
(Communications
Equipment),
Callable
3/1/32
@
100.00 
5.60
6/1/32
517
1,628
National
Rural
Utilities
Cooperative
Finance
Corp.
(Financial
Services),
Callable
7/15/32
@
100.00 
..........................................
5.80
1/15/33
1,727
285
National
Rural
Utilities
Cooperative
Finance
Corp.
(Financial
Services)  
.......
8.00
3/1/32
329
2,415
News
Corp.
(Media),
Callable
4/12/26
@
100.97 (d)
......................
3.88
5/15/29
2,327
665
NextEra
Energy
Capital
Holdings,
Inc.
(Electric
Utilities),
Callable
11/28/32
@
100.00 
..................................................
5.05
2/28/33
670
1,755
NextEra
Energy
Capital
Holdings,
Inc.
(Electric
Utilities),
Callable
8/28/52
@
100.00 
..................................................
5.25
2/28/53
1,581
1,220
NiSource,
Inc.
(Multi-Utilities),
Callable
1/1/34
@
100.00 
.................
5.35
4/1/34
1,243
1,085
NiSource,
Inc.
(Multi-Utilities),
Callable
10/1/54
@
100.00 
................
5.85
4/1/55
1,054
1,295
NNN
REIT,
Inc.
(Retail
REITs),
Callable
1/15/30
@
100.00 
................
2.50
4/15/30
1,191
952
NNN
REIT,
Inc.
(Retail
REITs),
Callable
7/15/33
@
100.00 
................
5.60
10/15/33
977
1,505
Northrop
Grumman
Corp.
(Aerospace
&
Defense),
Callable
4/15/47
@
100.00 
..
4.03
10/15/47
1,180
195
Nucor
Corp.
(Metals
&
Mining),
Callable
1/1/32
@
100.00 
.................
3.13
4/1/32
178
462
Nucor
Corp.
(Metals
&
Mining),
Callable
2/1/43
@
100.00 
.................
5.20
8/1/43
435
2,195
Oracle
Corp.
(Software),
Callable
1/1/30
@
100.00 
......................
2.95
4/1/30
1,998
1,400
Oracle
Corp.
(Software),
Callable
11/15/44
@
100.00 
....................
4.13
5/15/45
958
100
PG&E
Wildfire
Recovery
Funding
LLC,
Series
A-2
(Electric
Utilities)  
........
4.26
6/1/36
96
139
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
Corporate
Bonds
(continued)
$
225
PG&E
Wildfire
Recovery
Funding
LLC,
Series
A-5
(Electric
Utilities)  
........
5.10
6/1/52
$
209
1,515
Philip
Morris
International,
Inc.
(Tobacco)  
............................
4.50
3/20/42
1,320
560
Philip
Morris
International,
Inc.
(Tobacco),
Callable
11/13/33
@
100.00 
.......
5.25
2/13/34
570
980
Potomac
Electric
Power
Co.
(Electric
Utilities),
Callable
9/15/42
@
100.00 
.....
4.15
3/15/43
806
1,145
Potomac
Electric
Power
Co.
(Electric
Utilities),
Callable
9/15/53
@
100.00 
.....
5.50
3/15/54
1,080
845
Principal
Financial
Group,
Inc.
(Insurance),
Callable
3/15/30
@
100.00 
........
2.13
6/15/30
765
2,324
Progress
Energy,
Inc.
(Electric
Utilities)  
..............................
6.00
12/1/39
2,395
1,148
Progress
Energy,
Inc.
(Electric
Utilities)  
..............................
7.75
3/1/31
1,296
355
Prudential
Financial,
Inc.
(Insurance),
Callable
6/7/49
@
100.00 
.............
3.94
12/7/49
264
1,060
Prudential
Financial,
Inc.
(Insurance)  
................................
4.60
5/15/44
906
430
Prudential
Financial,
Inc.
(Insurance),
Callable
6/1/32
@
100.00 
.............
6.00
(H15T5Y
+
323
bps)(c)
9/1/52
428
15
Prudential
Financial,
Inc.,
MTN
(Insurance)  
..........................
6.63
6/21/40
16
295
Public
Service
Electric
and
Gas
Co.
(Electric
Utilities),
Callable
3/1/42
@
100.00 
3.65
9/1/42
230
2,656
Radian
Group,
Inc.
(Financial
Services),
Callable
9/15/26
@
100.00 
..........
4.88
3/15/27
2,647
1,270
Reliance,
Inc.
(Metals
&
Mining),
Callable
5/15/30
@
100.00 
...............
2.15
8/15/30
1,137
1,310
RELX
Capital,
Inc.
(Financial
Services),
Callable
2/20/32
@
100.00 
..........
4.75
5/20/32
1,302
420
RELX
Capital,
Inc.
(Financial
Services),
Callable
12/27/34
@
100.00 
.........
5.25
3/27/35
423
1,399
Rockwell
Collins,
Inc.
(Aerospace
&
Defense),
Callable
12/15/26
@
100.00 
....
3.50
3/15/27
1,382
896
Roper
Technologies,
Inc.
(Software),
Callable
7/15/34
@
100.00 
.............
4.90
10/15/34
861
2,109
RTX
Corp.
(Aerospace
&
Defense)  
.................................
4.50
6/1/42
1,864
125
RTX
Corp.
(Aerospace
&
Defense),
Callable
8/27/52
@
100.00 
.............
5.38
2/27/53
117
1,355
Sabra
Health
Care
LP
(Retail
REITs),
Callable
9/1/31
@
100.00 
.............
3.20
12/1/31
1,221
660
Sabra
Health
Care
LP
(Health
Care
REITs),
Callable
7/15/29
@
100.00 
........
3.90
10/15/29
640
1,447
Safehold
GL
Holdings
LLC
(Diversified
REITs),
Callable
10/15/34
@
100.00 
...
5.65
1/15/35
1,461
25
Shell
Finance
US,
Inc.
(Oil,
Gas
&
Consumable
Fuels)  
...................
4.38
5/11/45
21
1,295
Shell
Finance
US,
Inc.
(Oil,
Gas
&
Consumable
Fuels)  
...................
4.55
8/12/43
1,133
1,000
Southern
Co.
Gas
Capital
Corp.
(Gas
Utilities),
Callable
11/30/46
@
100.00 
....
4.40
5/30/47
814
1,330
Spectra
Energy
Partners
LP
(Oil,
Gas
&
Consumable
Fuels),
Callable
9/15/44
@
100.00 
..................................................
4.50
3/15/45
1,104
1,130
Steel
Dynamics,
Inc.
(Metals
&
Mining),
Callable
5/15/34
@
100.00 
..........
5.38
8/15/34
1,137
1,055
Sysco
Corp.
(Consumer
Staples
Distribution
&
Retail),
Callable
12/23/34
@
100.00 
5.40
3/23/35
1,045
790
Sysco
Corp.
(Consumer
Staples
Distribution
&
Retail),
Callable
10/1/49
@
100.00 
6.60
4/1/50
815
5,415
The
Goldman
Sachs
Group,
Inc.
(Capital
Markets),
Callable
7/21/31
@
100.00 
..
2.38
(SOFR
+
125
bps)(c)
7/21/32
4,778
1,175
The
Goldman
Sachs
Group,
Inc.
(Capital
Markets),
Callable
10/21/31
@
100.00 
.
2.65
(SOFR
+
126
bps)(c)
10/21/32
1,043
1,015
The
Goldman
Sachs
Group,
Inc.
(Capital
Markets),
Callable
10/21/35
@
100.00 
.
4.94
(SOFR
+
133
bps)(c)
10/21/36
984
1,680
The
Home
Depot,
Inc.
(Specialty
Retail),
Callable
6/6/48
@
100.00 
..........
4.50
12/6/48
1,406
2,350
The
PNC
Financial
Services
Group,
Inc.
(Banks),
Callable
1/22/34
@
100.00 
...
5.68
(SOFR
+
190
bps)(c)
1/22/35
2,415
700
The
Travelers
Cos.,
Inc.
(Insurance),
Callable
12/8/50
@
100.00 
.............
3.05
6/8/51
447
635
The
Travelers
Cos.,
Inc.
(Insurance),
Callable
2/25/45
@
100.00 
.............
4.30
8/25/45
521
920
The
Travelers
Cos.,
Inc.
(Insurance),
Callable
4/24/35
@
100.00 
.............
5.05
7/24/35
918
390
The
Walt
Disney
Co.
(Entertainment),
Callable
3/15/44
@
100.00 
............
4.75
9/15/44
346
570
T-Mobile
USA,
Inc.
(Wireless
Telecommunication
Services),
Callable
4/15/33
@
100.00 
..................................................
5.05
7/15/33
574
1,580
T-Mobile
USA,
Inc.
(Wireless
Telecommunication
Services),
Callable
7/15/52
@
100.00 
..................................................
5.65
1/15/53
1,486
1,534
Toyota
Motor
Credit
Corp.,
MTN
(Consumer
Finance)  
...................
4.80
1/5/34
1,519
165
Truist
Financial
Corp.,
MTN
(Banks),
Callable
10/23/35
@
100.00 
..........
4.96
(SOFR
+
140
bps)(c)
10/23/36
159
1,720
Truist
Financial
Corp.,
MTN
(Banks),
Callable
6/8/33
@
100.00 
............
5.87
(SOFR
+
236
bps)(c)
6/8/34
1,785
582
UDR,
Inc.,
MTN
(Residential
REITs),
Callable
5/1/32
@
100.00 
............
2.10
8/1/32
492
375
UDR,
Inc.
(Residential
REITs),
Callable
5/15/31
@
100.00 
.................
3.00
8/15/31
342
176
UDR,
Inc.
(Residential
REITs),
Callable
10/26/28
@
100.00 
................
4.40
1/26/29
175
1,223
United
Airlines
Pass
Through
Trusts,
Series
2023-1,
Class
A
(Passenger
Airlines)  
5.80
1/15/36
1,257
140
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
Corporate
Bonds
(continued)
$
1,285
Valero
Energy
Corp.
(Oil,
Gas
&
Consumable
Fuels)  
.....................
6.63
6/15/37
$
1,395
1,245
Ventas
Realty
LP
(Health
Care
REITs),
Callable
6/1/31
@
100.00 
............
2.50
9/1/31
1,105
1,085
Ventas
Realty
LP
(Health
Care
REITs),
Callable
10/15/28
@
100.00 
..........
4.40
1/15/29
1,080
140
Ventas
Realty
LP
(Health
Care
REITs),
Callable
4/1/34
@
100.00 
............
5.63
7/1/34
143
170
Verizon
Communications,
Inc.
(Diversified
Telecommunication
Services),
Callable
5/20/50
@
100.00 
..........................................
2.88
11/20/50
103
3,557
Verizon
Communications,
Inc.
(Diversified
Telecommunication
Services),
Callable
9/22/40
@
100.00 
..........................................
3.40
3/22/41
2,722
710
Virginia
Electric
and
Power
Co.,
Series
B
(Electric
Utilities),
Callable
3/15/47
@
100.00 
..................................................
3.80
9/15/47
526
720
Virginia
Electric
and
Power
Co.,
Series
D
(Electric
Utilities),
Callable
2/15/43
@
100.00 
..................................................
4.65
8/15/43
623
345
Vulcan
Materials
Co.
(Construction
Materials),
Callable
3/1/30
@
100.00 
......
3.50
6/1/30
330
2,035
Wells
Fargo
&
Co.,
MTN
(Banks),
Callable
10/30/29
@
100.00 
.............
2.88
(TSFR3M
+
143
bps)(c)
10/30/30
1,921
100
Wells
Fargo
&
Co.,
MTN
(Banks),
Callable
4/4/30
@
100.00 
...............
4.48
(TSFR3M
+
403
bps)(c)
4/4/31
99
3,520
Wells
Fargo
&
Co.
(Banks),
Callable
7/25/32
@
100.00 
...................
4.90
(SOFR
+
210
bps)(c)
7/25/33
3,496
1,320
Wells
Fargo
&
Co.
(Banks),
Callable
7/25/33
@
100.00 
...................
5.56
(SOFR
+
199
bps)(c)
7/25/34
1,350
395
WestRock
MWV
LLC
(Containers
&
Packaging)  
.......................
8.20
1/15/30
441
Total
Corporate
Bonds
(cost
$235,845)
..............................
228,841
U.S.
Treasury
Obligations
—
36.01%
3,613
U.S.
Treasury
Bond
.............................................
1.13
8/15/40
2,253
2,470
U.S.
Treasury
Bond
.............................................
1.13
5/15/40
1,556
2,920
U.S.
Treasury
Bond
.............................................
1.25
5/15/50
1,385
3,873
U.S.
Treasury
Bond
.............................................
1.38
11/15/40
2,495
4,945
U.S.
Treasury
Bond
.............................................
1.38
8/15/50
2,417
3,925
U.S.
Treasury
Bond
.............................................
1.63
11/15/50
2,048
3,355
U.S.
Treasury
Bond
.............................................
1.75
8/15/41
2,244
3,890
U.S.
Treasury
Bond
.............................................
1.88
2/15/41
2,694
3,306
U.S.
Treasury
Bond
.............................................
1.88
2/15/51
1,835
2,363
U.S.
Treasury
Bond
.............................................
1.88
11/15/51
1,298
3,751
U.S.
Treasury
Bond
.............................................
2.00
2/15/50
2,183
4,529
U.S.
Treasury
Bond
.............................................
2.00
8/15/51
2,579
3,465
U.S.
Treasury
Bond
.............................................
2.00
11/15/41
2,396
3,183
U.S.
Treasury
Bond
.............................................
2.25
2/15/52
1,918
2,550
U.S.
Treasury
Bond
.............................................
2.25
5/15/41
1,858
2,967
U.S.
Treasury
Bond
.............................................
2.25
8/15/46
1,933
1,961
U.S.
Treasury
Bond
.............................................
2.25
8/15/49
1,219
3,970
U.S.
Treasury
Bond
.............................................
2.38
5/15/51
2,484
1,556
U.S.
Treasury
Bond
.............................................
2.38
11/15/49
991
1,990
U.S.
Treasury
Bond
.............................................
2.38
2/15/42
1,451
2,885
U.S.
Treasury
Bond
.............................................
2.50
2/15/46
1,990
2,520
U.S.
Treasury
Bond
.............................................
2.50
2/15/45
1,767
2,860
U.S.
Treasury
Bond
.............................................
2.50
5/15/46
1,964
2,005
U.S.
Treasury
Bond
.............................................
2.75
11/15/42
1,525
1,165
U.S.
Treasury
Bond
.............................................
2.75
8/15/47
824
2,400
U.S.
Treasury
Bond
.............................................
2.75
11/15/47
1,692
450
U.S.
Treasury
Bond
.............................................
2.75
8/15/42
344
2,242
U.S.
Treasury
Bond
.............................................
2.88
5/15/52
1,555
906
U.S.
Treasury
Bond
.............................................
2.88
5/15/43
696
1,035
U.S.
Treasury
Bond
.............................................
2.88
11/15/46
756
2,030
U.S.
Treasury
Bond
.............................................
2.88
8/15/45
1,508
2,444
U.S.
Treasury
Bond
.............................................
2.88
5/15/49
1,737
2,540
U.S.
Treasury
Bond
.............................................
3.00
11/15/44
1,945
141
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Treasury
Obligations
(continued)
$
1,940
U.S.
Treasury
Bond
.............................................
3.00
5/15/45
$
1,475
720
U.S.
Treasury
Bond
.............................................
3.00
2/15/49
526
515
U.S.
Treasury
Bond
.............................................
3.00
2/15/47
384
1,130
U.S.
Treasury
Bond
.............................................
3.00
5/15/47
840
800
U.S.
Treasury
Bond
.............................................
3.00
11/15/45
605
1,555
U.S.
Treasury
Bond
.............................................
3.00
8/15/48
1,141
1,420
U.S.
Treasury
Bond
.............................................
3.00
2/15/48
1,047
1,125
U.S.
Treasury
Bond
.............................................
3.00
5/15/42
897
1,785
U.S.
Treasury
Bond
.............................................
3.00
8/15/52
1,269
1,327
U.S.
Treasury
Bond
.............................................
3.13
8/15/44
1,040
1,510
U.S.
Treasury
Bond
.............................................
3.13
5/15/48
1,136
1,267
U.S.
Treasury
Bond
.............................................
3.13
2/15/43
1,015
1,075
U.S.
Treasury
Bond
.............................................
3.13
2/15/42
875
1,100
U.S.
Treasury
Bond
.............................................
3.13
11/15/41
900
975
U.S.
Treasury
Bond
.............................................
3.25
5/15/42
804
1,325
U.S.
Treasury
Bond
.............................................
3.38
8/15/42
1,107
2,560
U.S.
Treasury
Bond
.............................................
3.38
11/15/48
2,004
1,720
U.S.
Treasury
Bond
.............................................
3.38
5/15/44
1,406
8
U.S.
Treasury
Bond
.............................................
3.50
2/15/39
7
3,740
U.S.
Treasury
Bond
.............................................
3.63
5/15/53
2,998
1,545
U.S.
Treasury
Bond
.............................................
3.63
8/15/43
1,320
2,295
U.S.
Treasury
Bond
.............................................
3.63
2/15/44
1,950
1,198
U.S.
Treasury
Bond
.............................................
3.63
2/15/53
962
33
U.S.
Treasury
Bond
.............................................
3.75
8/15/41
29
1,295
U.S.
Treasury
Bond
.............................................
3.75
11/15/43
1,123
1,305
U.S.
Treasury
Bond
.............................................
3.88
2/15/43
1,160
185
U.S.
Treasury
Bond
.............................................
3.88
5/15/43
164
235
U.S.
Treasury
Bond
.............................................
3.88
8/15/40
215
998
U.S.
Treasury
Bond
.............................................
4.00
11/15/52
858
25
U.S.
Treasury
Bond
.............................................
4.00
11/15/42
23
3,150
U.S.
Treasury
Bond
.............................................
4.13
8/15/53
2,764
1,555
U.S.
Treasury
Bond
.............................................
4.13
8/15/44
1,411
715
U.S.
Treasury
Bond
.............................................
4.25
11/15/40
682
4,625
U.S.
Treasury
Bond
.............................................
4.25
8/15/54
4,144
2,585
U.S.
Treasury
Bond
.............................................
4.25
2/15/54
2,316
130
U.S.
Treasury
Bond
.............................................
4.25
5/15/39
126
30
U.S.
Treasury
Bond
.............................................
4.38
8/15/43
28
1,205
U.S.
Treasury
Bond
.............................................
4.38
11/15/39
1,174
586
U.S.
Treasury
Bond
.............................................
4.38
5/15/41
565
178
U.S.
Treasury
Bond
.............................................
4.38
5/15/40
173
555
U.S.
Treasury
Bond
.............................................
4.38
2/15/38
554
730
U.S.
Treasury
Bond
.............................................
4.50
2/15/44
698
255
U.S.
Treasury
Bond
.............................................
4.50
5/15/38
257
3,290
U.S.
Treasury
Bond
.............................................
4.50
11/15/54
3,074
1,150
U.S.
Treasury
Bond
.............................................
4.50
8/15/39
1,138
695
U.S.
Treasury
Bond
.............................................
4.50
2/15/36
708
3,395
U.S.
Treasury
Bond
.............................................
4.63
11/15/55
3,244
3,270
U.S.
Treasury
Bond
.............................................
4.63
2/15/55
3,120
105
U.S.
Treasury
Bond
.............................................
4.63
11/15/45
101
780
U.S.
Treasury
Bond
.............................................
4.63
2/15/46
752
1,480
U.S.
Treasury
Bond
.............................................
4.63
11/15/44
1,433
708
U.S.
Treasury
Bond
.............................................
4.63
2/15/40
706
3,460
U.S.
Treasury
Bond
.............................................
4.63
5/15/54
3,300
605
U.S.
Treasury
Bond
.............................................
4.63
5/15/44
587
545
U.S.
Treasury
Bond
.............................................
4.75
2/15/37
564
1,570
U.S.
Treasury
Bond
.............................................
4.75
2/15/41
1,578
1,945
U.S.
Treasury
Bond
.............................................
4.75
2/15/56
1,897
4,010
U.S.
Treasury
Bond
.............................................
4.75
8/15/55
3,908
1,925
U.S.
Treasury
Bond
.............................................
4.75
11/15/43
1,902
142
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Treasury
Obligations
(continued)
$
1,955
U.S.
Treasury
Bond
.............................................
4.75
11/15/53
$
1,902
835
U.S.
Treasury
Bond
.............................................
4.75
2/15/45
820
3,840
U.S.
Treasury
Bond
.............................................
4.75
5/15/55
3,739
1,195
U.S.
Treasury
Bond
.............................................
4.88
8/15/45
1,191
275
U.S.
Treasury
Bond
.............................................
5.00
5/15/37
291
1,250
U.S.
Treasury
Bond
.............................................
5.00
5/15/45
1,266
445
U.S.
Treasury
Bond
.............................................
5.25
2/15/29
462
282
U.S.
Treasury
Bond
.............................................
5.25
11/15/28
291
255
U.S.
Treasury
Bond
.............................................
5.38
2/15/31
270
400
U.S.
Treasury
Bond
.............................................
5.50
8/15/28
414
625
U.S.
Treasury
Bond
.............................................
6.13
11/15/27
646
305
U.S.
Treasury
Bond
.............................................
6.13
8/15/29
326
1,125
U.S.
Treasury
Bond
.............................................
6.25
5/15/30
1,222
100
U.S.
Treasury
Bond
.............................................
6.38
8/15/27
103
4,100
U.S.
Treasury
Note
..............................................
0.38
9/30/27
3,895
2,340
U.S.
Treasury
Note
..............................................
0.38
7/31/27
2,235
1,705
U.S.
Treasury
Note
..............................................
0.50
8/31/27
1,627
2,685
U.S.
Treasury
Note
..............................................
0.50
6/30/27
2,577
1,215
U.S.
Treasury
Note
..............................................
0.50
4/30/27
1,173
1,715
U.S.
Treasury
Note
..............................................
0.50
5/31/27
1,651
3,890
U.S.
Treasury
Note
..............................................
0.50
10/31/27
3,692
6,575
U.S.
Treasury
Note
..............................................
0.63
8/15/30
5,710
2,965
U.S.
Treasury
Note
..............................................
0.63
12/31/27
2,805
4,815
U.S.
Treasury
Note
..............................................
0.63
5/15/30
4,218
2,490
U.S.
Treasury
Note
..............................................
0.63
11/30/27
2,362
4,355
U.S.
Treasury
Note
..............................................
0.75
1/31/28
4,119
6,890
U.S.
Treasury
Note
..............................................
0.88
11/15/30
6,004
3,615
U.S.
Treasury
Note
..............................................
1.00
7/31/28
3,390
5,186
U.S.
Treasury
Note
..............................................
1.13
2/15/31
4,546
4,235
U.S.
Treasury
Note
..............................................
1.13
8/31/28
3,974
3,925
U.S.
Treasury
Note
..............................................
1.13
2/29/28
3,732
15
U.S.
Treasury
Note
..............................................
1.25
3/31/28
14
1,480
U.S.
Treasury
Note
..............................................
1.25
4/30/28
1,405
6,545
U.S.
Treasury
Note
..............................................
1.25
8/15/31
5,679
3,485
U.S.
Treasury
Note
..............................................
1.25
9/30/28
3,273
2,185
U.S.
Treasury
Note
..............................................
1.25
5/31/28
2,069
3,965
U.S.
Treasury
Note
..............................................
1.25
6/30/28
3,747
6,302
U.S.
Treasury
Note
..............................................
1.38
11/15/31
5,465
3,235
U.S.
Treasury
Note
..............................................
1.38
12/31/28
3,030
4,135
U.S.
Treasury
Note
..............................................
1.38
10/31/28
3,888
3,915
U.S.
Treasury
Note
..............................................
1.50
11/30/28
3,687
3,768
U.S.
Treasury
Note
..............................................
1.50
2/15/30
3,448
2,435
U.S.
Treasury
Note
..............................................
1.63
8/15/29
2,266
5,025
U.S.
Treasury
Note
..............................................
1.63
5/15/31
4,481
3,300
U.S.
Treasury
Note
..............................................
1.75
1/31/29
3,118
2,540
U.S.
Treasury
Note
..............................................
1.75
11/15/29
2,361
5,032
U.S.
Treasury
Note
..............................................
1.88
2/15/32
4,462
4,075
U.S.
Treasury
Note
..............................................
1.88
2/28/29
3,858
3,145
U.S.
Treasury
Note
..............................................
2.25
8/15/27
3,079
1,955
U.S.
Treasury
Note
..............................................
2.25
11/15/27
1,906
1,835
U.S.
Treasury
Note
..............................................
2.38
3/31/29
1,760
3,005
U.S.
Treasury
Note
..............................................
2.38
5/15/29
2,877
3,540
U.S.
Treasury
Note
..............................................
2.38
5/15/27
3,484
370
U.S.
Treasury
Note
..............................................
2.63
7/31/29
356
4,615
U.S.
Treasury
Note
..............................................
2.63
2/15/29
4,465
2,795
U.S.
Treasury
Note
..............................................
2.63
5/31/27
2,757
2,815
U.S.
Treasury
Note
..............................................
2.75
5/31/29
2,724
3,305
U.S.
Treasury
Note
..............................................
2.75
2/15/28
3,241
3,925
U.S.
Treasury
Note
..............................................
2.75
4/30/27
3,883
143
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Treasury
Obligations
(continued)
$
2,246
U.S.
Treasury
Note
..............................................
2.75
7/31/27
$
2,215
5,743
U.S.
Treasury
Note
..............................................
2.75
8/15/32
5,312
3,795
U.S.
Treasury
Note
..............................................
2.88
8/15/28
3,715
3,155
U.S.
Treasury
Note
..............................................
2.88
5/15/28
3,095
2,815
U.S.
Treasury
Note
..............................................
2.88
4/30/29
2,736
5,273
U.S.
Treasury
Note
..............................................
2.88
5/15/32
4,932
2,055
U.S.
Treasury
Note
..............................................
3.13
8/31/29
2,007
3,065
U.S.
Treasury
Note
..............................................
3.13
8/31/27
3,035
3,570
U.S.
Treasury
Note
..............................................
3.13
11/15/28
3,508
2,270
U.S.
Treasury
Note
..............................................
3.25
6/30/27
2,254
2,910
U.S.
Treasury
Note
..............................................
3.25
6/30/29
2,857
3,715
U.S.
Treasury
Note
..............................................
3.38
9/15/27
3,691
3,685
U.S.
Treasury
Note
..............................................
3.38
9/15/28
3,647
270
U.S.
Treasury
Note
..............................................
3.38
12/31/27
268
4,165
U.S.
Treasury
Note
..............................................
3.38
5/15/33
3,968
3,355
U.S.
Treasury
Note
..............................................
3.38
2/29/28
3,329
140
U.S.
Treasury
Note
..............................................
3.38
11/30/27
139
3,405
U.S.
Treasury
Note
..............................................
3.50
2/28/31
3,339
2,835
U.S.
Treasury
Note
..............................................
3.50
12/15/28
2,812
2,250
U.S.
Treasury
Note
..............................................
3.50
9/30/29
2,223
2,805
U.S.
Treasury
Note
..............................................
3.50
11/15/28
2,783
2,780
U.S.
Treasury
Note
..............................................
3.50
3/15/29
2,755
2,735
U.S.
Treasury
Note
..............................................
3.50
1/15/29
2,712
190
U.S.
Treasury
Note
..............................................
3.50
10/31/27
189
2,715
U.S.
Treasury
Note
..............................................
3.50
9/30/27
2,702
1,585
U.S.
Treasury
Note
..............................................
3.50
4/30/28
1,575
2,820
U.S.
Treasury
Note
..............................................
3.50
2/15/29
2,796
2,615
U.S.
Treasury
Note
..............................................
3.50
1/31/30
2,579
5,785
U.S.
Treasury
Note
..............................................
3.50
2/15/33
5,566
2,790
U.S.
Treasury
Note
..............................................
3.50
10/15/28
2,769
4,865
U.S.
Treasury
Note
..............................................
3.50
1/31/28
4,838
2,290
U.S.
Treasury
Note
..............................................
3.50
11/30/30
2,248
2,195
U.S.
Treasury
Note
..............................................
3.50
4/30/30
2,162
2,165
U.S.
Treasury
Note
..............................................
3.63
8/31/27
2,159
2,815
U.S.
Treasury
Note
..............................................
3.63
8/31/29
2,793
3,430
U.S.
Treasury
Note
..............................................
3.63
10/31/30
3,386
1,010
U.S.
Treasury
Note
..............................................
3.63
9/30/31
991
2,475
U.S.
Treasury
Note
..............................................
3.63
8/15/28
2,465
4,380
U.S.
Treasury
Note
..............................................
3.63
9/30/30
4,326
1,790
U.S.
Treasury
Note
..............................................
3.63
3/31/28
1,784
2,495
U.S.
Treasury
Note
..............................................
3.63
12/31/30
2,461
1,720
U.S.
Treasury
Note
..............................................
3.63
3/31/30
1,702
2,840
U.S.
Treasury
Note
..............................................
3.63
5/31/28
2,829
3,730
U.S.
Treasury
Note
..............................................
3.63
8/31/30
3,684
1,560
U.S.
Treasury
Note
..............................................
3.75
11/30/32
1,527
2,245
U.S.
Treasury
Note
..............................................
3.75
5/31/30
2,231
2,290
U.S.
Treasury
Note
..............................................
3.75
4/15/28
2,287
2,600
U.S.
Treasury
Note
..............................................
3.75
8/31/31
2,568
3,090
U.S.
Treasury
Note
..............................................
3.75
12/31/28
3,084
2,550
U.S.
Treasury
Note
..............................................
3.75
12/31/30
2,528
925
U.S.
Treasury
Note
..............................................
3.75
4/30/27
925
3,855
U.S.
Treasury
Note
..............................................
3.75
8/15/27
3,850
3,190
U.S.
Treasury
Note
..............................................
3.75
6/30/27
3,188
2,670
U.S.
Treasury
Note
..............................................
3.75
6/30/30
2,653
2,925
U.S.
Treasury
Note
..............................................
3.75
10/31/32
2,865
1,560
U.S.
Treasury
Note
..............................................
3.75
2/28/33
1,525
2,355
U.S.
Treasury
Note
..............................................
3.75
5/15/28
2,352
4,120
U.S.
Treasury
Note
..............................................
3.88
6/30/30
4,114
2,455
U.S.
Treasury
Note
..............................................
3.88
7/15/28
2,458
144
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Treasury
Obligations
(continued)
$
2,370
U.S.
Treasury
Note
..............................................
3.88
6/15/28
$
2,374
2,840
U.S.
Treasury
Note
..............................................
3.88
11/30/27
2,842
1,785
U.S.
Treasury
Note
..............................................
3.88
12/31/29
1,784
1,840
U.S.
Treasury
Note
..............................................
3.88
11/30/29
1,840
2,690
U.S.
Treasury
Note
..............................................
3.88
12/31/27
2,692
4,220
U.S.
Treasury
Note
..............................................
3.88
7/31/30
4,214
3,305
U.S.
Treasury
Note
..............................................
3.88
3/31/28
3,310
5,740
U.S.
Treasury
Note
..............................................
3.88
8/15/34
5,593
2,165
U.S.
Treasury
Note
..............................................
3.88
3/15/28
2,168
1,115
U.S.
Treasury
Note
..............................................
3.88
7/31/27
1,115
2,850
U.S.
Treasury
Note
..............................................
3.88
9/30/32
2,813
4,825
U.S.
Treasury
Note
..............................................
3.88
8/15/33
4,737
1,475
U.S.
Treasury
Note
..............................................
3.88
9/30/29
1,475
2,470
U.S.
Treasury
Note
..............................................
3.88
10/15/27
2,472
505
U.S.
Treasury
Note
..............................................
3.88
12/31/32
498
3,355
U.S.
Treasury
Note
..............................................
3.88
3/31/31
3,344
5,150
U.S.
Treasury
Note
..............................................
3.88
8/31/32
5,086
720
U.S.
Treasury
Note
..............................................
3.88
4/30/30
719
1,620
U.S.
Treasury
Note
..............................................
3.88
5/31/27
1,621
2,715
U.S.
Treasury
Note
..............................................
4.00
2/29/28
2,724
2,175
U.S.
Treasury
Note
..............................................
4.00
1/31/31
2,180
2,220
U.S.
Treasury
Note
..............................................
4.00
1/31/29
2,230
5,385
U.S.
Treasury
Note
..............................................
4.00
2/15/34
5,314
1,815
U.S.
Treasury
Note
..............................................
4.00
10/31/29
1,822
2,120
U.S.
Treasury
Note
..............................................
4.00
3/31/30
2,128
1,335
U.S.
Treasury
Note
..............................................
4.00
6/30/28
1,341
3,140
U.S.
Treasury
Note
..............................................
4.00
2/28/30
3,152
1,420
U.S.
Treasury
Note
..............................................
4.00
5/31/30
1,425
845
U.S.
Treasury
Note
..............................................
4.00
6/30/32
841
3,525
U.S.
Treasury
Note
..............................................
4.00
7/31/32
3,508
1,825
U.S.
Treasury
Note
..............................................
4.00
4/30/32
1,819
4,220
U.S.
Treasury
Note
..............................................
4.00
12/15/27
4,232
2,045
U.S.
Treasury
Note
..............................................
4.00
7/31/30
2,052
5,750
U.S.
Treasury
Note
..............................................
4.00
11/15/35
5,609
2,630
U.S.
Treasury
Note
..............................................
4.00
7/31/29
2,642
2,860
U.S.
Treasury
Note
..............................................
4.13
7/31/31
2,878
1,910
U.S.
Treasury
Note
..............................................
4.13
2/29/32
1,918
3,205
U.S.
Treasury
Note
..............................................
4.13
3/31/32
3,216
2,970
U.S.
Treasury
Note
..............................................
4.13
8/31/30
2,993
625
U.S.
Treasury
Note
..............................................
4.13
10/31/29
630
1,285
U.S.
Treasury
Note
..............................................
4.13
7/31/28
1,294
2,690
U.S.
Treasury
Note
..............................................
4.13
10/31/27
2,701
1,905
U.S.
Treasury
Note
..............................................
4.13
3/31/29
1,921
2,135
U.S.
Treasury
Note
..............................................
4.13
11/15/27
2,144
2,590
U.S.
Treasury
Note
..............................................
4.13
9/30/27
2,601
930
U.S.
Treasury
Note
..............................................
4.13
3/31/31
937
6,382
U.S.
Treasury
Note
..............................................
4.13
11/15/32
6,383
980
U.S.
Treasury
Note
..............................................
4.13
10/31/31
985
3,585
U.S.
Treasury
Note
..............................................
4.13
2/15/36
3,529
1,775
U.S.
Treasury
Note
..............................................
4.13
5/31/32
1,780
1,670
U.S.
Treasury
Note
..............................................
4.13
11/30/31
1,678
2,625
U.S.
Treasury
Note
..............................................
4.13
11/30/29
2,647
6,720
U.S.
Treasury
Note
..............................................
4.25
5/15/35
6,701
2,545
U.S.
Treasury
Note
..............................................
4.25
1/31/30
2,578
2,505
U.S.
Treasury
Note
..............................................
4.25
1/15/28
2,523
2,565
U.S.
Treasury
Note
..............................................
4.25
2/15/28
2,585
5,875
U.S.
Treasury
Note
..............................................
4.25
8/15/35
5,854
5,305
U.S.
Treasury
Note
..............................................
4.25
11/15/34
5,303
1,825
U.S.
Treasury
Note
..............................................
4.25
2/28/31
1,849
145
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
U.S.
Treasury
Obligations
(continued)
$
2,730
U.S.
Treasury
Note
..............................................
4.25
6/30/29
$
2,764
2,105
U.S.
Treasury
Note
..............................................
4.25
3/31/33
2,119
2,975
U.S.
Treasury
Note
..............................................
4.25
2/28/29
3,009
1,535
U.S.
Treasury
Note
..............................................
4.25
6/30/31
1,554
2,625
U.S.
Treasury
Note
..............................................
4.38
12/31/29
2,670
2,815
U.S.
Treasury
Note
..............................................
4.38
7/15/27
2,834
2,420
U.S.
Treasury
Note
..............................................
4.38
11/30/30
2,464
1,810
U.S.
Treasury
Note
..............................................
4.38
11/30/28
1,835
2,020
U.S.
Treasury
Note
..............................................
4.38
1/31/32
2,054
5,020
U.S.
Treasury
Note
..............................................
4.38
5/15/34
5,074
2,595
U.S.
Treasury
Note
..............................................
4.38
8/31/28
2,628
2,865
U.S.
Treasury
Note
..............................................
4.50
5/15/27
2,886
5,220
U.S.
Treasury
Note
..............................................
4.50
11/15/33
5,328
3,530
U.S.
Treasury
Note
..............................................
4.50
4/15/27
3,557
1,145
U.S.
Treasury
Note
..............................................
4.50
12/31/31
1,172
130
U.S.
Treasury
Note
..............................................
4.50
5/31/29
133
1,125
U.S.
Treasury
Note
..............................................
4.63
9/30/30
1,157
3,100
U.S.
Treasury
Note
..............................................
4.63
9/30/28
3,159
2,670
U.S.
Treasury
Note
..............................................
4.63
5/31/31
2,749
3,330
U.S.
Treasury
Note
..............................................
4.63
4/30/29
3,405
1,495
U.S.
Treasury
Note
..............................................
4.63
4/30/31
1,539
2,460
U.S.
Treasury
Note
..............................................
4.63
6/15/27
2,483
6,130
U.S.
Treasury
Note
..............................................
4.63
2/15/35
6,288
2,490
U.S.
Treasury
Note
..............................................
4.88
10/31/30
2,587
3,655
U.S.
Treasury
Note
..............................................
4.88
10/31/28
3,748
Total
U.S.
Treasury
Obligations
(cost
$696,546)
.......................
679,191
Yankee
Dollars
—
0.88%
445
America
Movil
SAB
de
CV
(Wireless
Telecommunication
Services)  
.........
6.13
11/15/37
468
1,000
Aptiv
Swiss
Holdings
Ltd.
(Automobile
Components)  
....................
4.65
9/13/29
1,000
2,000
Barclays
PLC
(Banks)  
..........................................
5.20
5/12/26
2,000
2,110
British
Telecommunications
PLC
(Diversified
Telecommunication
Services)  
....
9.63
12/15/30
2,518
260
Canadian
Pacific
Railway
Co.
(Ground
Transportation),
Callable
6/2/51
@
100.00 
3.10
12/2/51
167
1,025
Canadian
Pacific
Railway
Co.
(Ground
Transportation)  
...................
7.13
10/15/31
1,143
1,356
Deutsche
Telekom
International
Finance
BV
(Diversified
Telecommunication
Services)  
................................................
8.75
6/15/30
1,554
1
Enbridge,
Inc.
(Oil,
Gas
&
Consumable
Fuels),
Callable
4/15/27
@
100.00 
.....
3.70
7/15/27
1
1,505
Iberdrola
International
BV
(Electric
Utilities)  
..........................
6.75
7/15/36
1,689
700
Nutrien
Ltd.
(Chemicals),
Callable
9/27/52
@
100.00 
.....................
5.80
3/27/53
685
1,508
Orange
SA
(Diversified
Telecommunication
Services)  
....................
9.00
3/1/31
1,782
825
Pfizer
Investment
Enterprises
Pte
Ltd.
(Pharmaceuticals),
Callable
2/19/33
@
100.00 
..................................................
4.75
5/19/33
822
710
Pfizer
Investment
Enterprises
Pte
Ltd.
(Pharmaceuticals),
Callable
11/19/62
@
100.00 
..................................................
5.34
5/19/63
644
1,665
Telefonica
Europe
BV
(Financial
Services)  
............................
8.25
9/15/30
1,883
335
Waste
Connections,
Inc.
(Commercial
Services
&
Supplies),
Callable
12/1/33
@
100.00 
..................................................
5.00
3/1/34
336
Total
Yankee
Dollars
(cost
$16,872)
.................................
16,692
Shares
Investment
Companies
—
38.07%
Domestic
Fixed
Income
—
30.05%
13,362,284
iShares
U.S.
Treasury
Bond
ETF
....................................
306,130
16,947
State
Street
SPDR
Portfolio
Corporate
Bond
ETF
........................
492
4,354,337
Vanguard
Intermediate-Term
Treasury
ETF
............................
259,301
146
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Shares
Security
Description
Rate
%
Maturity  
Date
Value
(000)
Investment
Companies
(continued)
Domestic
Fixed
Income
(continued)
11,090
Vanguard
Total
Corporate
Bond
Fund
................................
$
852
566,775
Money
Market
Funds
—
8.02%
4,041,895
State
Street
Institutional
Treasury
Money
Market
Fund,
Premier
Class
.........
3.60(e)
4,042
147,406,110
State
Street
Institutional
Treasury
Plus
Money
Market
Fund,
Trust
Class
........
3.55(e)
147,406
151,448
Total
Investment
Companies
(cost
$710,289)
..........................
718,223
Purchased
Options
on
Futures
—
0.01%
Total
Purchased
Options
on
Futures
(cost
$320)
.......................
231
Total
Investments
(cost
$1,913,716)
—
99.67%
........................
1,880,178
Other
assets
in
excess
of
liabilities
—
0.33%
..........................
6,142
Net
Assets
—
100.00%
..........................................
$
1,886,320
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,
2026.
(b)
Zero
Coupon
Security.
Effective
rate
shown
is
as
of
March
31,
2026.
(c)
Variable
Rate
Security.
The
rate
disclosed
is
the
rate
in
effect
on
March
31,
2026.
(d)
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.
(e)
Annualized
7-day
yield
as
of
period-end.
bps—Basis
Points
ETF
—
Exchange-Traded
Fund
H15T5Y—5
Year
Treasury
Constant
Maturity
Rate
MTN—Medium
Term
Note
PLC
—
Public
Limited
Company
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
147
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
The
following
table
reflects
the
percentage
of
total
net
assets
of
the
Portfolio
attributable
to
each
Specialist
Manager
as
of
March
31,
2026
The
Core
Fixed
Income
Portfolio
Agincourt
Capital
Management,
LLC
Mellon
Investments
Corporation
Parametric
Portfolio
Associates,
LLC
HC
Capital
Solutions
Total
Asset
Backed
Securities
.........................................................................................
—
0.18
%
—
—
0.18
%
Collateralized
Mortgage-Backed
Securities
...........................................................
—
0.68
%
—
—
0.68
%
U.S.
Government
Agency
Mortgages
....................................................................
—
11.30
%
—
—
11.30
%
U.S.
Government
Agency
Securities
.....................................................................
—
0.41
%
—
—
0.41
%
Corporate
Bonds
.....................................................................................................
12.11
%
0.02
%
—
—
12.13
%
U.S.
Treasury
Obligations
......................................................................................
—
36.01
%
—
—
36.01
%
Yankee
Dollars
.......................................................................................................
0.88
%
—
—
—
0.88
%
Investment
Companies
...........................................................................................
0.21
%
1.28
%
36.58
%
—
38.07
%
Purchased
Options
on
Futures
................................................................................
—
—
0.01
%
—
0.01
%
Other
Assets
(Liabilities)
........................................................................................
0.14
%
(0.90)
%
1.09
%
—
0.33
%
Total
Net
Assets
.................................................................................................
13.34
%
48.98
%
37.68
%
0.00
%
100.00
%
The
following
table
reflects
the
open
derivative
positions
held
by
the
Portfolio
as
of
March
31,
2026
.
Futures
Contracts
Purchased
*
Description
Number
of
Contracts
Expiration
Date
Notional
Amount
(000)
Value
and
Unrealized
Appreciation/
(Depreciation)
(000)
10
Year
US
Treasury
Note
Future
..................
1,238
6/18/26
$
137,477
$
(2,252)
2
Year
US
Treasury
Note
Future
...................
16
6/30/26
3,319
12
30-Year
U.S.
Treasury
Bond
Future
................
561
6/18/26
63,884
(1,687)
5
Year
US
Treasury
Note
Future
...................
25
6/30/26
2,704
18
Ultra
10-Year
U.S.
Treasury
Bond
Future
............
6
6/18/26
699
5
Ultra
U.S.
Treasury
Bond
Future
..................
8
6/18/26
908
8
$
208,991
$
(3,896)
Total
Unrealized
Appreciation
.....................
$
43
Total
Unrealized
Depreciation
.....................
(3,939)
Total
Net
Unrealized
Appreciation/(Depreciation)
.......
$
(3,896)
*
Cash
has
been
pledged
as
collateral
for
futures
contracts
held
by
the
Portfolio.
148
HC
CAPITAL
TRUST
The
Core
Fixed
Income
Portfolio
Portfolio
of
Investments
(concluded)
—
March
31,
2026
(Unaudited)
Options
on
Futures
Contracts
Exchange-traded
options
on
futures
contacts
written
as
of
March
31,
2026
were
as
follows:
Description
Put/Call
Number
of
Contracts
Notional
Amount
(000)
Exercise
Price
Expiration
Date
Value
(000)
US
Treasury
Bond
Future
Option
............
Put
100
$
11,400
$
114.00
4/24/26
$
(137)
US
Treasury
Bond
Future
Option
............
Put
100
11,300
113.00
5/22/26
(153)
US
Treasury
Bond
Future
Option
............
Put
100
11,100
111.00
5/22/26
(91)
US
Treasury
Bond
Future
Option
............
Put
100
11,200
112.00
5/22/26
(119)
US
Treasury
Bond
Future
Option
............
Put
100
11,500
115.00
5/22/26
(250)
US
Treasury
Bond
Future
Option
............
Put
100
11,400
114.00
5/22/26
(197)
US
Treasury
Bond
Future
Option
............
Put
200
22,600
113.00
6/26/26
(494)
US
Treasury
Bond
Future
Option
............
Put
200
22,400
112.00
6/26/26
(409)
US
Treasury
Bond
Future
Option
............
Put
200
22,200
111.00
6/26/26
(334)
$
(2,184)
Exchanged-traded
options
on
futures
contacts
purchased
as
of
March
31,
2026
were
as
follows:
Description
Put/Call
Number
of
Contracts
Notional
Amount
(000)
Exercise
Price
Expiration
Date
Value
(000)
US
Treasury
Bond
Future
Option
............
Call
100
$
11,900
$
119.00
4/24/26
$
14
US
Treasury
Bond
Future
Option
............
Call
100
11,700
117.00
5/22/26
72
US
Treasury
Bond
Future
Option
............
Call
100
11,900
119.00
5/22/26
39
US
Treasury
Bond
Future
Option
............
Call
200
23,600
118.00
5/22/26
106
$
231
HC
CAPITAL
TRUST
The
Corporate
Opportunities
Portfolio
Portfolio
of
Investments
—
March
31,
2026
(Unaudited)
149
Shares
Security
Description
Rate
%
Maturity  
Date
Value
(000)
Common
Stocks
—
0.68%
1,740,900
ACC
Claims
Holding
LLC,
Class
A
(Financial
Services)^(a)(b)
..............
$
–
1,310
Blackstone,
Inc.
(Capital
Markets)
...................................
151
395,833
Chrysalis
Investments
Ltd.
(Financial
Services)(c)(d)
.....................
432
1,562
KKR
&
Co.,
Inc.
(Capital
Markets)
..................................
144
84,213
Molten
Ventures
PLC
(Capital
Markets)(d)
.............................
513
3,695
The
Carlyle
Group,
Inc.
(Capital
Markets)
.............................
179
Total
Common
Stocks
(cost
$1,554)
.................................
1,419
Investment
Companies
—
96.90%
Domestic
Equity
Funds
—
14.30%
409,550
Invesco
S&P
500
Low
Volatility
ETF
.................................
29,955
International
Equity
Funds
—
24.67%
50,447
3i
Infrastructure
PLC
............................................
224
207,095
Augmentum
Fintech
PLC(d)
.......................................
296
10,923
CT
Private
Equity
Trust
PLC
.......................................
67
143,013
HarbourVest
Global
Private
Equity
Ltd.(d)
.............................
5,765
166,801
HgCapital
Trust
PLC
............................................
856
143,733
ICG
Enterprise
Trust
PLC
.........................................
2,518
36,000
Literacy
Capital
PLC
............................................
155
173,962
NB
Private
Equity
Partners
Ltd.
....................................
3,073
290,970
Oakley
Capital
Investments
Ltd.
....................................
1,802
94,586
Partners
Group
Private
Equity
Ltd.
..................................
960
1,169,940
The
Pantheon
International
PLC(d)
..................................
5,605
368,300
Vanguard
FTSE
Europe
ETF
.......................................
30,360
51,681
Money
Market
Funds
—
57.93%
1,177,000
Federated
Hermes
Treasury
Obligations
Fund,
Institutional
Shares^^
..........
3.53(e)
1,177
119,960,833
State
Street
Institutional
Treasury
Plus
Money
Market
Fund,
Trust
Class
........
3.55(e)
119,960
214,155
State
Street
Institutional
U.S.
Government
Money
Market
Fund,
Administrative
Class
....................................................
3.35(e)
214
121,351
Total
Investment
Companies
(cost
$200,523)
..........................
202,987
Total
Investments
(cost
$202,077)
—
97.58%
.........................
204,406
Other
assets
in
excess
of
liabilities
—
2.42%
..........................
5,067
Net
Assets
—
100.00%
..........................................
$
209,473
Amounts
designated
as
"—"
are
$0
or
have
been
rounded
to
$0.
^
All
or
part
of
this
security
was
on
loan
as
of
March
31,
2026.
^^
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,
2026.
(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)
Represents
non-income
producing
security.
150
HC
CAPITAL
TRUST
The
Corporate
Opportunities
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
The
following
table
reflects
the
percentage
of
total
net
assets
of
the
Portfolio
attributable
to
each
Specialist
Manager
as
of
March
31,
2026.
(e)
Annualized
7-day
yield
as
of
period-end.
ETF
—
Exchange-Traded
Fund
PLC
—
Public
Limited
Company
The
Corporate
Opportunities
Portfolio
City
of
London
Investment
Management
Company,
Limited
Parametric
Portfolio
Associates,
LLC
HC
Capital
Solutions
Total
Common
Stocks
...............................................................................................................................
0.68
%
—
—
0.68
%
Investment
Companies
.....................................................................................................................
10.28
%
86.61
%
0.01
%
96.90
%
Other
Assets
(Liabilities)
.................................................................................................................
(0.01)
%
2.41
%
0.02
%
2.42
%
Total
Net
Assets
10.95
%
89.02
%
0.03
%
100.00
%
The
following
table
reflects
the
open
derivative
positions
held
by
the
Portfolio
as
of
March
31,
2026
.
Futures
Contracts
Purchased
*
Description
Number
of
Contracts
Expiration
Date
Notional
Amount
(000)
Value
and
Unrealized
Appreciation/
(Depreciation)
(000)
10
Year
US
Treasury
Note
Future
.............................
848
6/18/26
$
94,168
$
(1,320)
5
Year
US
Treasury
Note
Future
..............................
289
6/30/26
31,264
(397)
$
125,432
$
(1,717)
Total
Unrealized
Appreciation
.....................
$
—
Total
Unrealized
Depreciation
.....................
(1,717)
Total
Net
Unrealized
Appreciation/(Depreciation)
.......
$
(1,717)
*
Cash
has
been
pledged
as
collateral
for
futures
contracts
held
by
the
Portfolio.
Centrally
Cleared
Swap
Agreements(a)
Credit
Default
Swap
Agreements
-
Buy
Protection
Underlying
Instrument
Payment
Frequency
Fixed
Deal
Pay
Rate
(%)
Maturity
Date
Implied
Credit
Spread
at
March
31,
2026
(%)(b)
Notional
Amount
(000)(c)
Value
(000)
Premiums
Paid/
(Received)
(000)
Unrealized
Appreciation/
(Depreciation)
(000)
CDX
High
Yield
Index
Swap
Agreement,
Series
46
Daily
5.00
6/20/2031
3.87
$
75,240
$
(3,632)
$
(2,977)
$
(655)
$
(3,632)
$
(2,977)
$
(655)
(a)
When
a
credit
event
occurs
as
defined
under
the
terms
of
the
swap
agreement,
the
Fund
as
a
buyer
of
credit
protection
will
either
(i)
receive
from
the
seller
of
protection
an
amount
equal
to
the
par
value
of
the
defaulted
reference
entity
and
deliver
the
reference
entity
or
(ii)
receive
a
net
amount
equal
to
the
par
value
of
the
defaulted
reference
entity
less
its
recovery
value.
151
HC
CAPITAL
TRUST
The
Corporate
Opportunities
Portfolio
Portfolio
of
Investments
(concluded)
—
March
31,
2026
(Unaudited)
(b)
Implied
credit
spread,
represented
in
absolute
terms,
utilized
in
determining
the
value
of
the
credit
default
swap
agreements
as
of
period
end
will
serve
as
an
indicator
of
the
current
status
of
the
payment/performance
risk
and
represent
the
likelihood
or
risk
of
default
or
other
credit
event
for
the
credit
derivative.
The
implied
credit
spread
of
a
referenced
entity
reflects
the
cost
of
buying/selling
protection
and
may
include
payments
required
to
be
made
to
enter
into
the
agreement.
Generally,
wider
credit
spreads
represent
a
perceived
deterioration
of
the
referenced
entity's
credit
soundness
and
a
greater
likelihood
or
risk
of
default
or
other
credit
event
occurring
as
defined
under
the
terms
of
the
swap
agreement.
(c)
The
notional
amount
represents
the
maximum
potential
amount
the
Fund
may
receive
as
a
buyer
of
credit
protection
if
a
credit
event
occurs,
as
defined
under
the
terms
of
the
swap
agreement,
for
each
security
included
in
the
CDX
North
America
High
Yield
Index.
HC
CAPITAL
TRUST
The
Short-Term
Municipal
Bond
Portfolio
Portfolio
of
Investments
—
March
31,
2026
(Unaudited)
152
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
Municipal
Bonds
—
96.41%
Alabama
—
3.33%
$
2,315
City
of
Huntsville
AL,
GO,
Series
A 
.................................
5.00
3/1/27
$
2,369
Arizona
—
1.46%
990
Arizona
Department
of
Transportation
State
Highway
Fund
Revenue 
.........
5.00
7/1/28
1,042
California
—
1.61%
1,100
Los
Angeles
Department
of
Water
&
Power
Revenue,
Series
A
Continuously
Callable
@100 
...................................................
5.00
7/1/28
1,144
Florida
—
1.96%
1,325
State
of
Florida
Department
of
Transportation
Turnpike
System
Revenue,
Series
C 
5.00
7/1/28
1,393
Georgia
—
1.85%
1,300
State
of
Georgia,
GO,
Series
C 
.....................................
4.00
1/1/27
1,315
Illinois
—
3.95%
1,795
Regional
Transportation
Authority
Revenue,
Series
A 
.....................
5.00
7/1/27
1,845
935
State
of
Illinois,
GO,
Series
D 
.....................................
5.00
11/1/27
965
2,810
Indiana
—
1.77%
1,160
Indiana
Finance
Authority
Revenue
Continuously
Callable
@101 
............
5.00(a)
10/1/59
1,261
Iowa
—
2.44%
1,625
Davenport
Co.mmunity
School
District
Infrastructure
Sales
Services
&
Use
Tax
Revenue
(BAM)
...........................................
5.00
6/1/29
1,738
Kansas
—
2.13%
1,465
Riley
County
Unified
School
District
No.
383
Manhattan-Ogden,
GO,
Series
A
(Pre-
Refunded/Escrowed
to
Maturity) 
...............................
5.00
9/1/36
1,513
Maryland
—
3.83%
900
County
of
Baltimore
MD,
GO 
.....................................
5.00
3/1/31
995
1,640
County
of
Prince
George's
MD,
GO,
Series
A 
..........................
5.00
8/1/28
1,732
2,727
Minnesota
—
5.52%
1,730
City
of
Minneapolis
MN,
GO 
......................................
5.00
12/1/26
1,758
1,270
State
of
Minnesota,
GO,
Series
A 
...................................
5.00
9/1/28
1,344
750
University
of
Minnesota
Revenue,
Series
B 
............................
5.00
2/1/32
829
3,931
Missouri
—
0.85%
600
Lindbergh
School
District,
GO 
.....................................
4.00
3/1/27
608
Nevada
—
5.03%
1,770
Clark
County
School
District,
GO,
Series
A 
............................
5.00
6/15/27
1,822
1,720
State
of
Nevada,
GO,
Series
A 
.....................................
5.00
4/1/27
1,761
3,583
New
Hampshire
—
1.48%
940
New
Hampshire
Municipal
Bond
Bank
Revenue,
Series
B 
.................
5.00
8/15/32
1,055
New
Jersey
—
8.49%
1,735
New
Jersey
Educational
Facilities
Authority
Revenue,
Series
A 
..............
5.00
3/1/27
1,772
153
HC
CAPITAL
TRUST
The
Short-Term
Municipal
Bond
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
Municipal
Bonds
(continued)
New
Jersey
(continued)
$
1,250
New
Jersey
Health
Care
Facilities
Financing
Authority
Revenue,
Series
A
Continuously
Callable
@100 
..................................
5.00
7/1/30
$
1,256
3,000
State
of
New
Jersey,
GO,
Series
A 
...................................
5.00
6/1/26
3,013
6,041
New
Mexico
—
4.41%
1,740
Albuquerque
Municipal
School
District
No.
12,
GO,
Series
A
(State
Aid
Withholding)
..............................................
5.00
8/1/26
1,755
1,225
New
Mexico
Finance
Authority
Revenue,
Series
C 
.......................
5.00
12/15/32
1,386
3,141
New
York
—
4.87%
1,605
New
York
City
Transitional
Finance
Authority
Future
Tax
Secured
Revenue,
Series
C-1 
....................................................
5.00
5/1/28
1,684
1,610
New
York
State
Dormitory
Authority
Revenue,
Series
A-1 
.................
5.00
3/15/31
1,786
3,470
Ohio
—
1.06%
680
American
Municipal
Power,
Inc.
Revenue,
Series
A 
......................
5.00
2/15/33
757
Oregon
—
1.11%
775
Oregon
State
Lottery
Revenue,
Series
A
Continuously
Callable
@100 
.........
5.00
4/1/30
792
South
Carolina
—
2.30%
1,495
South
Carolina
Jobs-Economic
Development
Authority
Revenue,
Series
A 
......
5.00
11/1/31
1,640
South
Dakota
—
2.92%
1,905
South
Dakota
Conservancy
District
Revenue,
Series
B 
....................
5.00
8/1/30
2,079
Tennessee
—
3.85%
1,500
County
of
Wilson
TN,
GO 
........................................
5.00
4/1/30
1,631
1,000
Metropolitan
Government
of
Nashville
&
Davidson
County
TN,
GO,
Series
A 
...
5.00
1/1/32
1,110
2,741
Texas
—
16.52%
1,670
City
of
Cedar
Park
TX,
GO 
.......................................
5.00
2/15/27
1,705
1,550
City
of
Plano
TX,
GO 
...........................................
5.00
9/1/29
1,665
1,425
Conroe
Independent
School
District,
GO
(PSF-GTD)
.....................
5.00
2/15/28
1,491
1,245
County
of
Williamson
TX,
GO 
.....................................
5.00
2/15/28
1,298
1,475
Goose
Creek
Consolidated
Independent
School
District,
GO,
Series
B 
.........
5.00
2/15/28
1,537
1,450
Humble
Independent
School
District,
GO
(PSF-GTD)
.....................
5.00
2/15/28
1,518
1,400
Lower
Colorado
River
Authority
Revenue 
.............................
5.00
5/15/32
1,553
970
Marble
Falls
Independent
School
District,
GO
(PSF-GTD)
.................
5.00
2/15/27
989
11,756
Virginia
—
5.68%
900
City
of
Fredericksburg
VA,
GO,
Series
A
(State
Aid
Withholding)
............
5.00
10/1/29
971
1,500
County
of
Fairfax
VA,
GO,
Series
B
(State
Aid
Withholding)
................
5.00
10/1/27
1,556
1,505
Hampton
Roads
Transportation
Accountability
Commission
Revenue,
Series
A
(Pre-
Refunded/Escrowed
to
Maturity) 
...............................
5.00
7/1/26
1,514
4,041
Washington
—
1.92%
1,365
State
of
Washington,
GO,
Series
R-2022C 
.............................
4.00
7/1/26
1,370
Wisconsin
—
6.07%
1,260
City
of
Kenosha
WI,
GO,
Series
A 
..................................
5.00
9/1/32
1,409
1,595
Franklin
Public
School
District,
GO,
Series
A 
..........................
6.00
4/1/29
1,752
154
HC
CAPITAL
TRUST
The
Short-Term
Municipal
Bond
Portfolio
Portfolio
of
Investments
(concluded)
—
March
31,
2026
(Unaudited)
As
of
March
31,
2026,
100%
of
the
Portfolio’s
net
assets
were
managed
by
Breckinridge
Capital
Advisors,
Inc.
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
Municipal
Bonds
(continued)
Wisconsin
(continued)
$
1,150
Wisconsin
Housing
&
Economic
Development
Authority
Home
Ownership
Revenue,
Series
B 
.................................................
5.00
9/1/26
$
1,163
4,324
Total
Municipal
Bonds
(cost
$68,535)
...............................
68,641
U.S.
Treasury
Obligation
—
1.93%
1,355
U.S.
Treasury
Note
..............................................
4.25
2/28/29
1,371
Total
U.S.
Treasury
Obligation
(cost
$1,377)
..........................
1,371
Shares
Investment
Company
—
0.78%
Money
Market
Funds
—
0.78%
554,506
State
Street
Institutional
Treasury
Plus
Money
Market
Fund,
Trust
Class
........
3.55(b)
555
Total
Investment
Company
(cost
$555)
..............................
555
Total
Investments
(cost
$70,467)
—
99.12%
..........................
70,567
Other
assets
in
excess
of
liabilities
—
0.88%
..........................
623
Net
Assets
—
100.00%
..........................................
$
71,190
(a)
Interest
rate
is
determined
by
the
Remarketing
Agent.  The
rate
disclosed
is
the
rate
in
effect
on
March
31,
2026.
(b)
Annualized
7-day
yield
as
of
period-end.
BAM—Build
America
Mutual
GO—General
Obligation
PSF-GTD—Public
School
Fund
Guaranteed
HC
CAPITAL
TRUST
The
Intermediate
Term
Municipal
Bond
Portfolio
Portfolio
of
Investments
—
March
31,
2026
(Unaudited)
155
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
Municipal
Bonds
—
84.64%
Alabama
—
3.38%
$
2,895
Black
Belt
Energy
Gas
District
Revenue
Continuously
Callable
@101 
.........
4.00(a)
6/1/51
$
2,945
1,000
Black
Belt
Energy
Gas
District
Revenue,
Series
B
Continuously
Callable
@100 
..
5.00
10/1/35
1,009
1,500
Black
Belt
Energy
Gas
District
Revenue,
Series
B,
Callable
9/1/30
@
100.32 
....
5.25(a)
12/1/53
1,594
1,805
County
of
Jefferson
AL
Sewer
Revenue
Continuously
Callable
@100 
.........
5.00
10/1/36
1,958
4,075
Energy
Southeast
A
Cooperative
District
Revenue,
Series
B
Continuously
Callable
@100 
...................................................
5.00
9/1/33
4,148
1,000
Energy
Southeast
A
Cooperative
District
Revenue,
Series
B-1
Continuously
Callable
@100 
...................................................
5.75(a)
4/1/54
1,083
5,000
Southeast
Energy
Authority
A
Cooperative
District
Revenue,
Series
E
Continuously
Callable
@100 
............................................
5.00
10/1/30
5,305
1,000
Troy
University
Revenue,
Series
A
(BAM)
.............................
5.00
11/1/26
1,014
19,056
Arizona
—
1.63%
1,250
Arizona
Industrial
Development
Authority
Revenue,
Series
A
Continuously
Callable
@100 
...................................................
5.00
11/1/31
1,352
3,425
Chandler
Industrial
Development
Authority
Revenue
Continuously
Callable
@100
(AMT)
..................................................
4.00(a)
6/1/49
3,469
1,685
City
of
Phoenix
Civic
Improvement
Corp.
Revenue,
Series
A
Continuously
Callable
@100 
...................................................
5.00
7/1/32
1,827
1,555
City
of
Phoenix
Civic
Improvement
Corp.
Revenue,
Series
B
Continuously
Callable
@100
(AMT)
.............................................
5.00
7/1/30
1,638
785
Salt
River
Project
Agricultural
Improvement
&
Power
District
Revenue,
Series
B
Continuously
Callable
@100 
..................................
5.00
5/1/39
873
9,159
California
—
4.95%
3,000
California
Community
Choice
Financing
Authority
Revenue,
Series
D
Continuously
Callable
@100 
............................................
5.00(a)
10/1/55
3,030
1,365
California
Municipal
Finance
Authority
Revenue,
Series
A-1 
...............
4.05
7/20/41
1,327
1,700
Inglewood
Unified
School
District,
GO,
Series
B
Continuously
Callable
@100 
..
5.50
8/1/43
1,924
1,000
Los
Angeles
Department
of
Water
&
Power
Revenue,
Series
A
Continuously
Callable
@100
(BAM)
.............................................
5.00
7/1/40
1,084
1,000
Los
Angeles
Department
of
Water
&
Power
Revenue,
Series
C
Continuously
Callable
@100 
............................................
5.00
7/1/36
1,121
1,900
Los
Angeles
Department
of
Water
&
Power
Revenue,
Series
E 
..............
5.00
7/1/34
2,138
945
Los
Angeles
Unified
School
District,
Series
A 
..........................
5.00
7/1/30
1,050
1,000
Ontario
Public
Financing
Authority
Revenue,
Series
A
Continuously
Callable
@100 
5.00
11/1/39
1,125
1,025
Ontario
Public
Financing
Authority
Revenue,
Series
A
Continuously
Callable
@100 
5.00
11/1/42
1,128
7,960
San
Bernardino
City
Unified
School
District
Certificates
of
Participation
Continuously
Callable
@100
(AGM)
.............................
5.00
10/1/41
8,825
650
Southern
California
Public
Power
Authority
Revenue,
Series
1 
..............
5.00
7/1/31
710
1,000
Southern
California
Public
Power
Authority
Revenue,
Series
1 
..............
5.00
7/1/32
1,119
1,000
State
of
California,
GO
Continuously
Callable
@100 
.....................
5.00
4/1/35
1,051
2,000
State
of
California,
GO
Continuously
Callable
@100 
.....................
5.00
9/1/33
2,254
27,886
Colorado
—
1.23%
500
Canyons
Metropolitan
District
No.
5,
GO,
Series
A
(BAM)
.................
5.00
12/1/33
552
2,340
Southern
Ute
Indian
Tribe
of
the
Southern
Ute
Reservation
of
Colorado,
GO,
Series
A (b)
....................................................
5.00
4/1/35
2,496
3,740
State
of
Colorado
Certificates
of
Participation,
Series
M
Continuously
Callable
@100 
...................................................
5.00
3/15/29
3,895
6,943
Connecticut
—
1.24%
1,085
Connecticut
State
Health
&
Educational
Facilities
Authority
Revenue,
Series
B 
..
5.00
12/1/26
1,101
2,500
Connecticut
State
Health
Educational
Facilities
Revenue,
Series
A
Continuously
Callable
@102 
............................................
5.00
7/1/31
2,717
1,500
State
of
Connecticut
Special
Tax
Revenue,
Series
D
Continuously
Callable
@100 
5.00
11/1/34
1,647
156
HC
CAPITAL
TRUST
The
Intermediate
Term
Municipal
Bond
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
Municipal
Bonds
(continued)
Connecticut
(continued)
$
1,000
State
of
Connecticut,
GO,
Series
A 
..................................
4.00
1/15/29
$
1,037
465
State
of
Connecticut,
GO,
Series
E
Continuously
Callable
@100 
.............
5.00
9/15/32
486
6,988
Delaware
—
0.12%
620
Delaware
Transportation
Authority
Revenue
Continuously
Callable
@100 
......
5.00
7/1/32
673
District
of
Columbia
—
1.74%
2,500
District
of
Columbia
Revenue
Continuously
Callable
@100 
................
5.00
7/15/32
2,502
2,000
Metropolitan
Washington
Airports
Authority
Aviation
Revenue,
Series
A
(AMT)
..
5.00
10/1/29
2,134
2,075
Metropolitan
Washington
Airports
Authority
Aviation
Revenue,
Series
A
Continuously
Callable
@100
(AMT)
.............................
4.00
10/1/36
2,069
2,815
Washington
Metropolitan
Area
Transit
Authority
Dedicated
Revenue,
Series
A 
...
5.00
7/15/31
3,094
9,799
Florida
—
4.46%
2,000
Alachua
County
Health
Facilities
Authority
Revenue
Continuously
Callable
@100 
5.00(a)
12/1/37
2,017
3,000
County
of
Miami-Dade
FL
Aviation
Revenue,
Series
A 
....................
5.00
10/1/34
3,318
2,500
County
of
Miami-Dade
FL
Water
&
Sewer
System
Revenue,
Series
B 
.........
5.00
10/1/33
2,834
960
County
of
Miami-Dade
FL,
GO,
Series
A 
.............................
5.00
7/1/33
1,085
955
County
of
Polk
FL
Utility
System
Revenue 
............................
5.00
10/1/27
991
2,030
JEA
Electric
System
Revenue,
Series
3A
Continuously
Callable
@100 
........
5.00
10/1/34
2,156
530
Manatee
County
School
District
Certificate
of
Participation,
Series
A 
.........
5.00
7/1/34
596
1,000
Miami
Beach
Redevelopment
Agency
Tax
allocation
(AGM)
................
5.00
2/1/31
1,086
2,000
Mid-Bay
Bridge
Authority
Revenue
Continuously
Callable
@100
(AGM)
......
5.00
10/1/36
2,220
3,295
Orlando
Utilities
Commission
Revenue,
Series
A
Continuously
Callable
@100 
..
5.00
10/1/32
3,390
1,025
Palm
Beach
County
School
District
Certificates
of
Participation,
Series
A
Continuously
Callable
@100 
..................................
5.00
8/1/36
1,121
3,875
Volusia
County
Educational
Facility
Authority
Revenue
Continuously
Callable
@100 
...................................................
5.00
10/15/39
4,300
25,114
Georgia
—
1.36%
5,000
Main
Street
Natural
Gas,
Inc.
Revenue,
Series
C
Continuously
Callable
@100 
...
4.00(a)
3/1/50
5,010
1,500
Municipal
Electric
Authority
of
Georgia
Revenue,
Series
A 
.................
5.00
1/1/34
1,666
1,000
State
of
Georgia,
GO,
Series
A
Continuously
Callable
@100 
................
3.00
8/1/36
976
7,652
Illinois
—
7.04%
3,475
Chicago
Board
of
Education,
Series
A
Continuously
Callable
@100
(AGM)
.....
5.00
12/1/29
3,625
4,000
Chicago
Midway
International
Airport
Revenue,
Series
C
Continuously
Callable
@100 
...................................................
5.00
1/1/41
4,134
400
Chicago
O'Hare
International
Airport
Revenue,
Series
C
Continuously
Callable
@100
(AMT)
.............................................
5.00
1/1/33
423
455
Chicago
O'Hare
International
Airport
Revenue,
Series
C
(AMT)
.............
5.00
1/1/32
483
4,335
Chicago
O'Hare
International
Airport
Revenue,
Series
D
Continuously
Callable
@100 
...................................................
5.00
1/1/42
4,346
1,025
Chicago
O'Hare
International
Airport
Revenue,
Series
F 
...................
5.00
1/1/32
1,116
1,465
Chicago
Transit
Authority
Sales
Tax
Receipts
Fund
Revenue,
Series
A
Continuously
Callable
@100 
............................................
5.00
12/1/36
1,639
1,000
Chicago
Transit
Authority
Sales
Tax
Receipts
Revenue
Fund,
Series
A
Continuously
Callable
@100 
............................................
5.00
12/1/44
1,060
1,200
City
of
Chicago
IL
Wastewater
Transmission
Revenue,
Series
B
Continuously
Callable
@100
(BAM)
.......................................
5.00
1/1/37
1,307
2,335
City
of
Chicago
IL,
GO,
Series
A
Continuously
Callable
@100 
..............
4.00
1/1/36
2,215
500
Illinois
Finance
Authority
Revenue,
Series
A
Continuously
Callable
@100 
......
5.00
7/1/44
535
1,390
Illinois
Finance
Authority
Revenue,
Series
A 
...........................
5.00
4/1/34
1,566
1,375
Illinois
Finance
Authority
Revenue,
Series
B-2
Continuously
Callable
@100 
....
5.00(a)
5/15/50
1,377
850
Illinois
State
Toll
Highway
Authority
Revenue,
Series
A
Continuously
Callable
@100 
...................................................
5.00
1/1/30
902
157
HC
CAPITAL
TRUST
The
Intermediate
Term
Municipal
Bond
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
Municipal
Bonds
(continued)
Illinois
(continued)
$
3,000
Sales
Tax
Securitization
Corp.
Revenue,
Series
A 
........................
5.00
1/1/29
$
3,154
1,270
Sales
Tax
Securitization
Corp.
Revenue,
Series
C
Continuously
Callable
@100 
..
5.00
1/1/35
1,382
5,945
State
of
Illinois
Sales
Tax
Revenue,
Series
C
Continuously
Callable
@100 
......
5.00
6/15/43
6,287
1,000
State
of
Illinois,
GO,
Series
D 
.....................................
5.00
7/1/27
1,028
2,995
The
Board
of
Trustees
of
the
University
of
Illinois
Certificates
of
Participation,
Series
B
Continuously
Callable
@100 
............................
5.00
10/1/27
3,022
39,601
Indiana
—
1.51%
2,500
City
of
Whiting
IN
Revenue
(AMT)
.................................
5.00(a)
12/1/44
2,522
1,350
Indiana
Finance
Authority
Revenue,
Series
A
Continuously
Callable
@100 
.....
5.00
10/1/34
1,495
530
Indiana
Finance
Authority
Revenue,
Series
A1 
..........................
5.00
11/15/27
549
3,655
Indiana
Finance
Authority
Revenue,
Series
B-3,
Callable
7/1/31
@
101.64 
......
5.00(a)
10/1/55
3,963
8,529
Iowa
—
0.08%
450
Iowa
Tobacco
Settlement
Authority
Revenue,
Series
A2
Continuously
Callable
@100 
...................................................
5.00
6/1/32
478
Kansas
—
0.18%
920
State
of
Kansas
Department
of
Transportation
Revenue,
Series
A 
............
5.00
9/1/32
1,033
Kentucky
—
1.57%
3,115
Kentucky
Public
Energy
Authority
Revenue,
Series
A-1
Continuously
Callable
@100 
...................................................
5.25(a)
4/1/54
3,323
3,000
Kentucky
Public
Energy
Authority
Revenue,
Series
B
Continuously
Callable
@100 
5.00
12/1/33
3,033
1,150
Louisville/Jefferson
County
Metropolitan
Government,
GO,
Series
A 
.........
5.00
12/1/30
1,259
1,170
University
of
Kentucky
Revenue,
Series
A
Continuously
Callable
@100 
.......
5.00
4/1/43
1,248
8,863
Lousiana
—
0.41%
2,180
Ernest
N
Morial
New
Orleans
Exhibition
Hall
Authority
Special
Tax
Continuously
Callable
@100 
............................................
5.25
7/15/44
2,325
Maine
—
0.38%
1,025
Finance
Authority
of
Maine
Revenue,
Series
A1
(AGM)
...................
5.00
12/1/26
1,039
1,000
Regional
School
Unit
No.
14,
GO
Continuously
Callable
@100 
.............
5.00
11/1/42
1,090
2,129
Maryland
—
2.09%
2,000
County
of
Baltimore
MD,
GO
Continuously
Callable
@100 
................
4.00
3/1/33
2,049
1,190
County
of
Howard
MD,
GO,
Series
A
Continuously
Callable
@100 
...........
5.00
8/15/34
1,330
2,090
Maryland
State
Transportation
Authority
Passenger
Facility
Charge
Revenue
(AMT)
5.00
6/1/28
2,170
1,000
State
of
Maryland
Department
of
Transportation
Revenue
Continuously
Callable
@100 
...................................................
4.00
10/1/32
1,011
2,000
State
of
Maryland
Department
of
Transportation
Revenue
Continuously
Callable
@100 
...................................................
5.00
10/1/32
2,191
1,240
State
of
Maryland,
GO,
Series
A
Continuously
Callable
@100 
..............
5.00
3/15/31
1,346
1,495
State
of
Maryland,
GO,
Series
A
Continuously
Callable
@100 
..............
5.00
6/1/34
1,656
11,753
Massachusetts
—
2.23%
780
Commonwealth
of
Massachusetts,
GO,
Series
A
Continuously
Callable
@100 
...
5.00
5/1/35
874
1,500
Massachusetts
Bay
Transportation
Authority
Sales
Tax
Revenue,
Series
A-1
Continuously
Callable
@100 
..................................
4.00
7/1/37
1,542
425
Massachusetts
Development
Finance
Agency
Revenue
Continuously
Callable
@100 
5.25
6/1/43
457
2,400
Massachusetts
Development
Finance
Agency
Revenue,
Series
F 
.............
5.00
7/1/33
2,690
3,550
Massachusetts
Development
Finance
Agency
Revenue,
Series
N-2
Continuously
Callable
@100 
............................................
5.00
7/1/35
3,900
1,400
Massachusetts
Educational
Financing
Authority
Revenue,
Series
B
(AMT)
......
5.00
7/1/29
1,454
158
HC
CAPITAL
TRUST
The
Intermediate
Term
Municipal
Bond
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
Municipal
Bonds
(continued)
Massachusetts
(continued)
$
1,500
Massachusetts
Port
Authority
Revenue,
Series
A
(AMT)
...................
5.00
7/1/32
$
1,636
12,553
Michigan
—
4.34%
1,000
Detroit
Downtown
Development
Authority
Tax
allocation
Continuously
Callable
@100 
...................................................
5.00
7/1/37
1,090
2,000
Detroit
Regional
Convention
Facility
Authority
Revenue,
Series
C
Continuously
Callable
@100 
............................................
5.00
10/1/38
2,129
1,000
Forest
Hills
Public
Schools,
GO,
Series
I
Continuously
Callable
@100 
........
5.00
5/1/44
1,063
1,250
Great
Lakes
Water
Authority
Sewage
Disposal
System
Revenue,
Series
A
Continuously
Callable
@100 
..................................
5.00
7/1/37
1,386
2,500
Great
Lakes
Water
Authority
Water
Supply
System
Revenue,
Series
B 
.........
5.00
7/1/34
2,836
1,000
Michigan
Finance
Authority
Revenue
Continuously
Callable
@100 
...........
5.50
12/1/29
1,010
1,000
Michigan
Finance
Authority
Revenue
Continuously
Callable
@100 
...........
4.00
2/15/44
933
1,425
Michigan
Finance
Authority
Revenue 
................................
5.00
2/28/34
1,552
1,100
Michigan
Finance
Authority
Revenue 
................................
5.00
10/1/29
1,184
6,000
Michigan
Finance
Authority
Revenue
Continuously
Callable
@100 
...........
5.00(a)
11/15/44
6,012
1,280
Michigan
Finance
Authority
Revenue,
Series
B 
.........................
5.00
10/1/30
1,396
2,000
Michigan
State
Hospital
Finance
Authority
Revenue,
Series
C
Continuously
Callable
@100 
...................................................
5.00
5/15/33
2,208
790
Novi
Community
School
District,
GO,
Series
III 
........................
5.00
5/1/26
792
800
Oakland
University
Revenue,
Series
A
Continuously
Callable
@100 
..........
5.00
3/1/45
839
24,430
Minnesota
—
2.19%
1,750
Minnesota
Agricultural
&
Economic
Development
Board
Revenue
Continuously
Callable
@100 
............................................
5.00
1/1/36
1,926
1,985
Minnesota
Housing
Finance
Agency
Revenue,
Series
B 
...................
5.00
8/1/28
2,092
1,240
Minnesota
Housing
Finance
Agency
Revenue,
Series
B 
...................
5.00
8/1/29
1,324
2,195
Minnesota
Housing
Finance
Agency
Revenue,
Series
B 
...................
5.00
8/1/30
2,386
1,345
State
of
Minnesota
Certificates
of
Participation 
.........................
5.00
11/1/33
1,533
1,500
State
of
Minnesota,
GO,
Series
B
Continuously
Callable
@100 
..............
5.00
8/1/35
1,688
1,260
State
of
Minnesota,
GO,
Series
E 
...................................
5.00
8/1/30
1,382
12,331
Missouri
—
0.47%
1,545
City
of
Kansas
City
MO
Water
Revenue,
Series
A
Continuously
Callable
@100 
..
5.00
12/1/44
1,639
995
St.
Joseph
School
District,
GO
(ST
AID
DIR
DEP)
.......................
5.00
3/1/27
1,018
2,657
Nebraska
—
0.63%
1,000
City
of
Omaha
NE
Sewer
Revenue,
Series
A
Continuously
Callable
@100 
......
4.00
4/1/31
1,029
1,000
City
of
Omaha
NE
Sewer
Revenue,
Series
A
Continuously
Callable
@100 
......
4.00
4/1/32
1,025
1,350
Omaha
Public
Power
District
Revenue,
Series
B
Continuously
Callable
@100 
...
5.00
2/1/34
1,500
3,554
Nevada
—
1.71%
750
City
of
North
Las
Vegas
N.V.,
GO,
Series
B 
...........................
5.00
6/1/33
842
2,915
Clark
County
School
District,
GO,
Series
A
Continuously
Callable
@100
(AGM)
.
5.00
6/15/32
3,134
5,435
Las
Vegas
Valley
Water
District,
GO,
Series
C
Continuously
Callable
@100 
....
4.00
6/1/34
5,647
9,623
New
Jersey
—
2.87%
1,210
New
Jersey
Economic
Development
Authority
Revenue 
...................
5.00
6/15/28
1,265
430
New
Jersey
Economic
Development
Authority
Revenue
Continuously
Callable
@100 
...................................................
5.00
11/1/30
460
1,000
New
Jersey
Economic
Development
Authority
Revenue,
Series
RRR 
.........
5.00
3/1/28
1,046
2,815
New
Jersey
Educational
Facilities
Authority
Revenue,
Series
A
Continuously
Callable
@100 
............................................
5.00(a)
7/1/64
3,329
1,725
New
Jersey
Higher
Education
Student
Assistance
Authority
Revenue,
Series
B
(AMT)
..................................................
5.00
12/1/29
1,828
159
HC
CAPITAL
TRUST
The
Intermediate
Term
Municipal
Bond
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
Municipal
Bonds
(continued)
New
Jersey
(continued)
$
2,000
New
Jersey
Institute
of
Technology
Revenue,
Series
A
Continuously
Callable
@100
(BAM)
..................................................
5.00
7/1/42
$
2,145
1,000
New
Jersey
Transportation
Trust
Fund
Authority
Revenue,
Series
AA 
.........
5.00
6/15/30
1,079
750
New
Jersey
Transportation
Trust
Fund
Authority
Revenue,
Series
AA
Continuously
Callable
@100 
............................................
5.00
6/15/36
823
1,750
New
Jersey
Transportation
Trust
Fund
Authority
Revenue,
Series
BB
Continuously
Callable
@100 
............................................
5.00
6/15/36
1,936
1,100
State
of
New
Jersey,
GO,
Series
A 
...................................
4.00
6/1/31
1,164
1,035
Tobacco
Settlement
Financing
Corp.
Revenue,
Series
A
Continuously
Callable
@100 
...................................................
5.00
6/1/33
1,069
16,144
New
Mexico
—
0.19%
1,025
Albuquerque
Municipal
School
District
No.
12,
GO
Continuously
Callable
@100
(State
Aid
Withholding)
......................................
5.00
8/1/29
1,076
New
York
—
6.19%
1,250
Albany
Capital
Resource
Corp.
Revenue,
Series
A
Continuously
Callable
@100 
..
5.25
5/1/42
1,367
2,890
City
of
New
York
NY,
GO,
Series
1-A
Continuously
Callable
@100 
..........
5.00
4/1/32
3,132
740
City
of
New
York
NY,
GO,
Series
B-1 
................................
5.00
8/1/32
821
5,000
City
of
New
York
NY,
GO,
Series
E
Continuously
Callable
@100 
............
5.00
8/1/43
5,315
1,165
Empire
State
Development
Corp.
Revenue,
Series
A
Continuously
Callable
@100 
5.00
3/15/35
1,311
865
New
York
City
Municipal
Water
Finance
Authority
Revenue,
Series
CC 
.......
5.00
6/15/31
960
1,000
New
York
City
Municipal
Water
Finance
Authority
Revenue,
Series
DD
Continuously
Callable
@100 
..................................
5.00
6/15/34
1,121
930
New
York
City
Transitional
Finance
Authority
Future
Tax
Secured
Revenue,
Series
A-1 
....................................................
5.00
11/1/32
1,031
1,500
New
York
City
Transitional
Finance
Authority
Future
Tax
Secured
Revenue,
Series
D-1
Continuously
Callable
@100 
...............................
5.00
11/1/36
1,670
3,000
New
York
Energy
Finance
Development
Corp.
Revenue
Continuously
Callable
@100 
...................................................
5.00(a)
7/1/56
3,059
1,000
New
York
State
Dormitory
Authority
Revenue,
Series
A
Continuously
Callable
@100 
...................................................
5.00
2/15/31
1,020
4,710
New
York
State
Thruway
Authority
Revenue,
Series
A
Continuously
Callable
@100 
5.00
3/15/35
5,215
1,795
New
York
Transportation
Development
Corp.
Revenue
(AMT)
..............
5.00
12/1/27
1,846
1,750
New
York
Transportation
Development
Corp.
Revenue
Continuously
Callable
@100
(AGM)
..................................................
6.00
6/30/43
1,936
4,970
Port
Authority
of
New
York
&
New
Jersey
Revenue,
Series
207
Continuously
Callable
@100
(AMT)
.......................................
4.00
3/15/30
5,032
34,836
North
Carolina
—
0.57%
820
City
of
Fayetteville
NC
Public
Works
Commission
Revenue 
................
5.00
3/1/31
906
1,130
Nash
Health
Care
Systems
Revenue
Continuously
Callable
@100 
............
5.50
2/1/43
1,224
1,000
The
Charlotte-Mecklenburg
Hospital
Authority
Revenue,
Series
SE 
...........
5.00(a)
1/15/50
1,057
3,187
Ohio
—
4.20%
3,000
Buckeye
Tobacco
Settlement
Financing
Authority
Revenue,
Series
A-2
Continuously
Callable
@100 
............................................
5.00
6/1/32
3,188
1,450
City
of
Columbus
OH
Sewerage
Revenue
Continuously
Callable
@100 
........
5.00
6/1/29
1,455
5,645
County
of
Allen
OH
Hospital
Facilities
Revenue,
Series
A
Continuously
Callable
@100 
...................................................
5.00
11/1/39
6,207
1,000
County
of
Butler
OH
Revenue,
Series
X 
..............................
5.00
5/15/29
1,066
800
County
of
Montgomery
OH
Revenue
Continuously
Callable
@100 
...........
5.00
8/1/33
862
1,130
County
of
Warren
OH
Revenue
Continuously
Callable
@100 
...............
5.00
7/1/36
1,219
3,050
Ohio
Water
Development
Authority
Water
Pollution
Control
Loan
Fund
Revenue,
Series
B
Continuously
Callable
@100 
............................
5.00
6/1/35
3,450
2,000
State
of
Ohio
Revenue 
...........................................
2.75(a)
1/1/52
1,979
160
HC
CAPITAL
TRUST
The
Intermediate
Term
Municipal
Bond
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
Municipal
Bonds
(continued)
Ohio
(continued)
$
950
Summit
County
Development
Finance
Authority
Revenue,
Series
A
Continuously
Callable
@100
(BAM)
.......................................
5.00
7/1/37
$
1,019
1,045
The
Ohio
State
University
Revenue,
Series
A 
...........................
5.00
6/1/35
1,202
775
University
of
Cincinnati
Revenue,
Series
A 
............................
5.00
6/1/26
778
1,150
University
of
Cincinnati
Revenue,
Series
A
Continuously
Callable
@100 
.......
5.25
6/1/43
1,255
23,680
Oklahoma
—
0.48%
1,925
Grand
River
Dam
Authority
Revenue,
Series
A
Continuously
Callable
@100 
....
5.00
6/1/37
2,147
530
Oklahoma
Municipal
Power
Authority
Revenue,
Series
A
Continuously
Callable
@100
(AGM)
.............................................
4.00
1/1/32
554
2,701
Oregon
—
1.50%
1,250
Clackamas
Community
College
District,
GO
Continuously
Callable
@100
(SCH
BD
GTY)
...................................................
5.00
6/15/44
1,347
2,000
Multnomah
County
School
District
No.
1J
Portland,
GO
(SCH
BD
GTY)
.......
5.00
6/15/29
2,150
2,500
Port
of
Portland
OR
Airport
Revenue,
Series
29
Continuously
Callable
@100
(AMT)
5.00
7/1/35
2,717
2,000
Portland
Community
College
District,
GO
Continuously
Callable
@100 
.......
5.00
6/15/35
2,240
8,454
Pennsylvania
—
5.09%
1,000
City
of
Philadelphia
PA
Water
&
Wastewater
Revenue,
Series
B 
.............
5.00
11/1/27
1,037
1,000
City
of
Philadelphia
PA
Water
&
Wastewater
Revenue,
Series
B
(AGM)
........
5.00
9/1/29
1,072
1,735
City
of
Philadelphia
PA,
GO,
Series
B
Continuously
Callable
@100 
..........
5.00
2/1/31
1,841
2,600
City
of
Philadelphia
PA,
GO,
Series
B
Continuously
Callable
@100 
..........
5.00
2/1/30
2,789
1,000
Commonwealth
Financing
Authority
Revenue
Continuously
Callable
@100 
....
5.00
6/1/32
1,036
1,860
Luzerne
County
Industrial
Development
Authority
Revenue
Continuously
Callable
@100
(AMT)
.............................................
2.45(a)
12/1/39
1,723
4,000
Montgomery
County
Industrial
Development
Authority
Revenue,
Series
A
Continuously
Callable
@103 
..................................
5.00
11/15/42
4,143
3,625
Pennsylvania
Economic
Development
Financing
Authority
Revenue
Continuously
Callable
@100
(AMT)
.......................................
5.00
12/31/33
3,894
1,000
Pennsylvania
Economic
Development
Financing
Authority
Revenue,
Series
B
Continuously
Callable
@100 
..................................
5.00
3/15/38
1,069
1,000
Pennsylvania
Higher
Education
Assistance
Agency
Revenue,
Series
1A
(AMT)
...
5.00
6/1/32
1,052
1,000
Pennsylvania
Higher
Education
Assistance
Agency
Revenue,
Series
A
(AMT)
....
5.00
6/1/29
1,048
1,100
Pennsylvania
Turnpike
Commission
Revenue
Continuously
Callable
@100 
.....
5.00
12/1/41
1,171
2,455
Pennsylvania
Turnpike
Commission
Revenue,
Series
1
Continuously
Callable
@100 
5.00
6/1/35
2,776
1,620
Pennsylvania
Turnpike
Commission
Revenue,
Series
A
Continuously
Callable
@100 
...................................................
5.00
12/1/44
1,673
1,130
Temple
University-of
The
Commonwealth
System
of
Higher
Education
Revenue
Continuously
Callable
@100
(AGM)
.............................
5.00
4/1/40
1,243
1,000
The
School
District
of
Philadelphia,
GO,
Series
A
Continuously
Callable
@100
(State
Aid
Withholding)
......................................
5.25
9/1/36
1,099
28,666
Rhode
Island
—
0.60%
730
Rhode
Island
Health
and
Educational
Building
Corp.
Revenue,
Series
A
Continuously
Callable
@100
(AGM)
.............................
5.00
7/1/39
765
1,875
Rhode
Island
Student
Loan
Authority
Revenue,
Series
A
(AMT)
.............
5.00
12/1/29
1,981
625
Rhode
Island
Student
Loan
Authority
Revenue,
Series
A
(AMT)
.............
5.00
12/1/29
651
3,397
South
Carolina
—
0.51%
1,000
Piedmont
Municipal
Power
Agency
Revenue,
Series
B 
....................
5.00
1/1/29
1,055
1,000
South
Carolina
Public
Service
Authority
Revenue,
Series
A 
................
5.00
12/1/31
1,121
680
South
Carolina
Public
Service
Authority
Revenue,
Series
A 
................
5.00
12/1/27
709
2,885
161
HC
CAPITAL
TRUST
The
Intermediate
Term
Municipal
Bond
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
Municipal
Bonds
(continued)
Tennessee
—
1.34%
$
1,215
County
of
Hamblen
TN,
GO 
......................................
5.00
5/1/29
$
1,299
1,235
Metropolitan
Government
Nashville
&
Davidson
County
Health
&
Educational
Facs
Bd
Revenue 
..............................................
5.00
5/1/31
1,337
1,000
Metropolitan
Government
Nashville
&
Davidson
County
Health
&
Educational
Facs
Bd
Revenue
Continuously
Callable
@100 
.........................
5.00
5/1/35
1,068
1,000
Metropolitan
Government
Nashville
&
Davidson
County
Health
&
Educational
Facs
Bd
Revenue,
Series
A 
.......................................
5.00
7/1/34
1,121
500
Metropolitan
Government
Nashville
&
Davidson
County
Health
&
Educational
Facs
Bd
Revenue,
Series
A 
.......................................
5.00
7/1/29
532
1,350
Metropolitan
Government
of
Nashville
&
Davidson
County
TN,
GO
Continuously
Callable
@100 
............................................
4.00
7/1/33
1,377
730
Metropolitan
Government
of
Nashville
&
Davidson
County
TN,
GO,
Series
A 
...
5.00
1/1/32
811
7,545
Texas
—
8.66%
1,025
Arlington
Higher
Education
Finance
Corp.
Revenue
(PSF-GTD)
.............
5.00
8/15/27
1,056
1,000
Arlington
Higher
Education
Finance
Corp.
Revenue
Continuously
Callable
@100
(PSF-GTD)
...............................................
5.00
8/15/39
1,082
2,500
Central
Texas
Turnpike
System
Revenue,
Series
C
Continuously
Callable
@100 
.
5.00
8/15/37
2,745
920
City
of
College
Station
TX,
GO 
....................................
5.00
2/15/31
1,004
850
City
of
Houston
Tx
Hotel
Occupancy
Tax
Special
Revenue,
Series
C
Continuously
Callable
@100
(AGM)
.......................................
5.00
9/1/43
918
300
City
of
Pearland
TX,
GO
Continuously
Callable
@100 
....................
5.00
3/1/29
306
670
City
of
Round
Rock
TX,
GO
Continuously
Callable
@100 
.................
5.00
8/15/39
739
1,300
City
of
San
Antonio
TX
Electric
&
Gas
Systems
Revenue,
Series
B 
...........
4.00
2/1/33
1,369
980
City
of
San
Antonio
TX
Electric
&
Gas
Systems
Revenue,
Series
B 
...........
5.00
2/1/32
1,092
6,000
Clifton
Higher
Education
Finance
Corp.
Revenue,
Series
A
Continuously
Callable
@100
(PSF-GTD)
..........................................
5.00
2/15/38
6,465
950
Clifton
Higher
Education
Finance
Corp.
Revenue,
Series
T
Continuously
Callable
@100
(PSF-GTD)
..........................................
4.00
8/15/34
971
1,545
County
of
Harris
TX
Revenue,
Series
A
Continuously
Callable
@100 
.........
5.00
8/15/30
1,558
4,730
Dallas
Area
Rapid
Transit
Revenue
Continuously
Callable
@100 
............
5.00
12/1/33
5,039
545
Dallas
Fort
Worth
International
Airport
Revenue 
........................
5.00
11/1/30
598
1,700
El
Paso
County
Hospital
District,
GO
Continuously
Callable
@100
(AGM)
.....
5.00
2/15/39
1,814
1,500
Harris
County
Cultural
Education
Facilities
Finance
Corp.
Revenue
Continuously
Callable
@100 
............................................
5.00
10/1/27
1,502
2,100
Harris
County
Cultural
Education
Facilities
Finance
Corp.
Revenue 
..........
5.00
11/15/27
2,139
655
Love
Field
Airport
Modernization
Corp.
Revenue
Continuously
Callable
@100 
..
5.00
11/1/28
655
530
Lower
Colorado
River
Authority
Revenue
(AGM)
.......................
5.00
5/15/29
565
1,000
Lower
Colorado
River
Authority
Revenue
Continuously
Callable
@100
(AGM)
..
5.00
5/15/34
1,104
2,180
Lower
Colorado
River
Authority
Revenue
Continuously
Callable
@100 
.......
5.00
5/15/32
2,337
2,410
Midland
Independent
School
District,
GO
Continuously
Callable
@100
(PSF-GTD)
5.00
2/15/37
2,651
1,545
Tarrant
County
Cultural
Education
Facilities
Finance
Corp.
Revenue
Continuously
Callable
@103 
............................................
5.00
10/1/36
1,657
1,280
Tarrant
County
Cultural
Education
Facilities
Finance
Corp.
Revenue,
Series
A
Continuously
Callable
@100 
..................................
5.00
7/1/32
1,389
2,000
Tarrant
County
Cultural
Education
Facilities
Finance
Corp.
Revenue,
Series
A
Continuously
Callable
@100 
..................................
5.00(a)
7/1/53
2,157
3,500
Texas
Municipal
Gas
Acquisition
&
Supply
Corp.
IV
Revenue,
Series
B
Continuously
Callable
@100 
..................................
5.50(a)
1/1/54
3,816
900
Texas
Municipal
Power
Agency
Revenue
Continuously
Callable
@100
(BAM)
...
5.00
9/1/41
969
925
Texas
Transportation
Commission,
GO 
...............................
5.00
4/1/32
1,033
48,730
Vermont
—
0.22%
1,200
Vermont
Student
Assistance
Corp.
Revenue,
Series
A 
.....................
5.00
6/15/33
1,252
162
HC
CAPITAL
TRUST
The
Intermediate
Term
Municipal
Bond
Portfolio
Portfolio
of
Investments
(continued)
—
March
31,
2026
(Unaudited)
Principal
Amount  
(000)
Security
Description
Rate
%
Maturity  
Date
Value
(000)
Municipal
Bonds
(continued)
Virginia
—
0.15%
$
760
Chesterfield
County
Economic
Development
Authority
Revenue
Continuously
Callable
@100 
............................................
5.00
4/1/38
$
844
Washington
—
3.94%
790
City
of
Seattle
WA
Municipal
Light
&
Power
Revenue 
....................
5.00
2/1/32
879
955
City
of
Seattle
WA,
GO
Continuously
Callable
@100 
.....................
5.00
5/1/38
1,057
1,550
Kitsap
County
School
District
No
100-C
Bremerton,
GO,
Series
C
Continuously
Callable
@100
(SCH
BD
GTY)
................................
5.00
12/1/36
1,731
1,500
Port
of
Seattle
WA
Revenue
(AMT)
..................................
5.00
4/1/26
1,500
1,555
Port
of
Seattle
WA
Revenue
Continuously
Callable
@100
(AMT)
............
5.00
8/1/33
1,697
3,665
Port
of
Seattle
WA
Revenue,
Series
B
Continuously
Callable
@100 
...........
5.00
7/1/36
3,986
715
Snohomish
County
Public
Utility
District
No.
1
Electric
System
Revenue,
Series
A 
5.00
12/1/35
818
1,300
State
of
Washington,
GO,
Series
C
Continuously
Callable
@100 
.............
5.00
2/1/33
1,422
790
State
of
Washington,
GO,
Series
C 
..................................
5.00
2/1/32
879
7,065
State
of
Washington,
GO,
Series
R-2017A
Continuously
Callable
@100 
.......
5.00
8/1/32
7,110
1,000
University
of
Washington
Revenue,
Series
A
Continuously
Callable
@100 
......
5.00
4/1/37
1,127
22,206
Wisconsin
—
3.19%
580
Madison
Metropolitan
School
District
Continuously
Callable
@100 
..........
5.00
3/1/34
618
2,500
Public
Finance
Authority
Revenue
Continuously
Callable
@100 
.............
5.00
7/1/35
2,738
540
Public
Finance
Authority
Revenue 
..................................
5.00
6/1/32
564
1,250
Public
Finance
Authority
Revenue 
..................................
5.00
6/1/31
1,305
600
Public
Finance
Authority
Revenue,
Series
A
Continuously
Callable
@100
(BAM)
.
5.00
7/1/38
634
3,455
Public
Finance
Authority
Revenue,
Series
A-2 
..........................
3.70(a)
10/1/46
3,424
1,000
Racine
Unified
School
District,
GO
Continuously
Callable
@100
(AGM)
.......
4.00
4/1/44
963
1,000
University
of
Wisconsin
Hospitals
&
Clinics
Revenue,
Series
B
Continuously
Callable
@102 
............................................
5.00(a)
4/1/54
1,074
1,000
West
Allis
West
Milwaukee
School
District,
GO
Continuously
Callable
@100 
...
3.00
4/1/38
914
1,100
Wisconsin
Health
&
Educational
Facilities
Authority
Revenue 
..............
4.00
11/15/26
1,108
2,460
Wisconsin
Health
&
Educational
Facilities
Authority
Revenue,
Series
A
Continuously
Callable
@100 
..................................
5.00
11/15/35
2,464
2,000
Wisconsin
Health
&
Educational
Facilities
Authority
Revenue,
Series
A
Continuously
Callable
@100
(AGM)
.............................
5.00
8/15/40
2,154
17,960
Total
Municipal
Bonds
(cost
$477,416)
..............................
476,692
Shares
Investment
Companies
—
14.17%
Domestic
Fixed
Income
—
12.00%
453,640
AllianceBernstein
National
Municipal
Income
Fund,
Inc.
..................
4,849
319,133
BlackRock
Municipal
2030
Target
Term
Trust
..........................
7,244
371,024
BlackRock
MuniHoldings
California
Quality
Fund,
Inc.
...................
3,859
453,034
BlackRock
MuniHoldings
Fund,
Inc.
.................................
5,110
225,559
BlackRock
MuniYield
New
York
Quality
Fund,
Inc.
......................
2,165
527,505
BlackRock
MuniYield
Quality
Fund
III,
Inc.
...........................
5,544
524,838
BlackRock
MuniYield
Quality
Fund,
Inc.
..............................
5,763
270,829
BNY
Mellon
Strategic
Municipals,
Inc.
...............................
1,704
71,012
DTF
Tax-Free
Income
2028
Term
Fund,
Inc.
...........................
813
229,813
Eaton
Vance
Municipal
Bond
Fund
..................................
2,245
157,714
Federated
Hermes
Premier
Municipal
Income
Fund
......................
1,724
117,331
iShares
National
Muni
Bond
ETF
...................................
12,454
475,885
MFS
High
Income
Municipal
Trust
..................................
1,766
676,122
MFS
High
Yield
Municipal
Trust
....................................
2,421
87,267
NYLI
MacKay
DefinedTerm
Muni
Opportunities
Fund
....................
1,296
163
HC
CAPITAL
TRUST
The
Intermediate
Term
Municipal
Bond
Portfolio
Portfolio
of
Investments
(concluded)
—
March
31,
2026
(Unaudited)
The
following
table
reflects
the
percentage
of
total
net
assets
of
the
Portfolio
attributable
to
each
Specialist
Manager
as
of
March
31,
2026.
Shares
Security
Description
Rate
%
Maturity  
Date
Value
(000)
Investment
Companies
(continued)
Domestic
Fixed
Income
(continued)
201,590
PIMCO
California
Municipal
Income
Fund
............................
$
1,730
461,349
PIMCO
Municipal
Income
Fund
II
..................................
3,492
333,471
Western
Asset
Managed
Municipals
Fund,
Inc.
..........................
3,428
67,607
Money
Market
Funds
—
2.17%
12,204,254
BlackRock
Liquidity
Funds
MuniCash
................................
2.23(c)
12,206
Total
Investment
Companies
(cost
$80,230)
...........................
79,813
Total
Investments
(cost
$557,646)
—
98.81%
.........................
556,505
Other
assets
in
excess
of
liabilities
—
1.19%
..........................
6,725
Net
Assets
—
100.00%
..........................................
$
563,230
(a)
Interest
rate
is
determined
by
the
Remarketing
Agent.  The
rate
disclosed
is
the
rate
in
effect
on
March
31,
2026.
(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)
Annualized
7-day
yield
as
of
period-end.
AGM—Assured
Guaranty
Municipal
Corporation
AMT—Alternative
Minimum
Tax
BAM—Build
America
Mutual
ETF
—
Exchange-Traded
Fund
GO—General
Obligation
PSF-GTD—Public
School
Fund
Guaranteed
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
.....................................................................................................
76.87
%
7.77
%
—
—
84.64
%
Investment
Companies
............................................................................................
0.10
%
—
12.00
%
2.07
%
14.17
%
Other
Assets
(Liabilities)
........................................................................................
0.84
%
0.13
%
0.31
%
(0.09)
%
1.19
%
Total
Net
Assets
.................................................................................................
77.81
%
7.90
%
12.31
%
1.98
%
100.00
%