UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-08918
HC Capital Trust
(Exact name of registrant as specified in charter)
Five Tower Bridge, 300 Barr Harbor Drive, Suite 500, West Conshohocken, PA 19428
(Address of principal executive offices) (Zip code)
Citi Fund Services Ohio, Inc., 3435 Stelzer Road, Columbus, OH 43219
(Name and address of agent for service)
Registrant’s telephone number, including area code: (800) 242-9596
Date of fiscal year end: June 30
Date of reporting period: December 31, 2012
Item 1. Reports to Stockholders.
Semiannual Report
The Value Equity Portfolio
The Institutional Value Equity Portfolio
The Growth Equity Portfolio
The Institutional Growth Equity Portfolio
The Small Capitalization Equity Portfolio
The Institutional Small Capitalization Equity Portfolio
The Real Estate Securities Portfolio
The Commodity Returns Strategy Portfolio
The International Equity Portfolio
The Institutional International Equity Portfolio
The Emerging Markets Portfolio
The Core Fixed Income Portfolio
The Fixed Income Opportunity Portfolio
The U.S. Government Fixed Income Securities Portfolio
The U.S. Corporate Fixed Income Securities Portfolio
The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio
The Short-Term Municipal Bond Portfolio
The Intermediate Term Municipal Bond Portfolio
The Intermediate Term Municipal Bond II Portfolio
December 31, 2012
December 31, 2012
We are pleased to present the December 31, 2012 Semiannual Report for the HC Capital Trust (the “Trust”).
The Trust is an open-end, series, management investment company. The Trust currently consists of nineteen separate investment portfolios (the “Portfolios”). Day-to-day portfolio management services are provided to each of the Trust’s Portfolios by one or more independent money management organizations (“Specialist Managers”). Each Specialist Manager is subject to the supervision of HC Capital Solutions which serves as the Trust’s primary investment adviser and to the general oversight of the Trust’s Board of Trustees.
The Value Equity Portfolio, seeks total return by investing in a diversified portfolio of equity securities of large companies with relatively low price-earnings ratios and high dividend yields.
The Institutional Value Equity Portfolio, seeks total return by investing in a diversified portfolio of equity securities of large companies with relatively low price-earnings ratios and high dividend yields.
The Growth Equity Portfolio, seeks capital appreciation by investing in a diversified portfolio of equity securities of large and mid-capitalization companies with superior prospects for earnings growth.
The Institutional Growth Equity Portfolio, seeks capital appreciation by investing in a diversified portfolio of equity securities of large and mid-capitalization companies with superior prospects for earnings growth.
The Small Capitalization Equity Portfolio, seeks long-term capital appreciation by investing in a diversified portfolio of equity securities of small-capitalization companies.
The Institutional Small Capitalization Equity Portfolio, seeks long-term capital appreciation by investing in a diversified portfolio of equity securities of small-capitalization companies.
The Real Estate Securities Portfolio, seeks to provide a total return consisting of both capital appreciation and current income.
The Commodity Returns Strategy Portfolio, seeks capital appreciation by investing in a diversified portfolio of commodity-related instruments.
The International Equity Portfolio, seeks total return by investing in a diversified portfolio of equity securities of companies based in countries other than the United States of America.
The Institutional International Equity Portfolio, seeks total return by investing in a diversified portfolio of equity securities of companies based in countries other than the United States of America.
The Emerging Markets Portfolio, seeks total return by investing in a diversified portfolio of securities issued by companies domiciled, or doing a substantial portion of their business, in countries with a developing or emerging economy or securities market.
The Core Fixed Income Portfolio, seeks current income by investing in a diversified portfolio of debt securities, including U.S. and non-U.S. government securities, corporate debt securities, and asset-backed issues.
The Fixed Income Opportunity Portfolio, seeks to achieve above-average total return by investing in high yield securities (commonly referred to as “junk bonds”).
The U.S. Government Fixed Income Securities Portfolio, seeks to provide a moderate and sustainable level of current income, consistent with the preservation of capital by investing primarily in a diversified portfolio of U.S. Treasury and government related fixed income securities.
The U.S. Corporate Fixed Income Securities Portfolio, seeks to provide a moderate and sustainable level of current income, consistent with the preservation of capital by investing primarily in a diversified portfolio of investment grade fixed income securities issued by U.S. corporations.
The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio, seeks to provide a moderate and sustainable level of current income, consistent with the preservation of capital by investing primarily in a diversified portfolio of publicly issued mortgage and asset backed securities.
The Short-Term Municipal Bond Portfolio, seeks current income exempt from Federal income tax, consistent with preservation of capital, by investing primarily in securities issued by municipalities and related securities.
The Intermediate Term Municipal Bond Portfolio, seeks current income exempt from Federal income tax by investing in securities issued by municipalities and related entities.
The Intermediate Term Municipal Bond II Portfolio, seeks current income exempt from Federal income tax by investing in securities issued by municipalities and related entities.
HC CAPITAL TRUST
Semiannual Report
December 31, 2012
Table of Contents
HC CAPITAL TRUST
The Value Equity Portfolio
Portfolio of Investments — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks — 99.12% | ||||||||
Aerospace & Defense — 4.80% | ||||||||
24,473 | Exelis, Inc. | $ | 276 | |||||
39,597 | General Dynamics Corp. | 2,743 | ||||||
164,394 | Honeywell International, Inc. | 10,434 | ||||||
12,100 | L-3 Communications Holdings, Inc. | 927 | ||||||
32,340 | Lockheed Martin Corp. | 2,985 | ||||||
31,788 | Northrop Grumman Corp. | 2,148 | ||||||
41,493 | Raytheon Co. | 2,388 | ||||||
68,800 | The Boeing Co. | 5,185 | ||||||
60,645 | United Technologies Corp. | 4,973 | ||||||
32,059 | ||||||||
Agricultural Products — 0.45% | ||||||||
81,800 | Archer-Daniels-Midland Co. | 2,241 | ||||||
10,800 | Bunge Ltd. | 785 | ||||||
3,026 | ||||||||
Air Freight & Logistics — 0.73% | ||||||||
66,200 | United Parcel Service, Inc., Class – B | 4,881 | ||||||
Airlines — 0.38% | ||||||||
4,140 | Copa Holdings SA, Class – A | 412 | ||||||
178,000 | Delta Air Lines, Inc. (a) | 2,113 | ||||||
2,525 | ||||||||
Apparel Retail — 0.48% | ||||||||
8,400 | Guess?, Inc. | 206 | ||||||
71,100 | The TJX Cos., Inc. | 3,018 | ||||||
3,224 | ||||||||
Application Software — 0.36% | ||||||||
63,800 | Adobe Systems, Inc. (a) | 2,404 | ||||||
Asset Management & Custody Banks — 1.82% | ||||||||
31,927 | Ares Capital Corp. | 559 | ||||||
28,002 | BlackRock, Inc., Class – A | 5,788 | ||||||
14,500 | Eaton Vance Corp. | 462 | ||||||
11,500 | Federated Investors, Inc., Class – B | 233 | ||||||
57,500 | Invesco Ltd. | 1,500 | ||||||
24,000 | Janus Capital Group, Inc. | 204 | ||||||
27,583 | Northern Trust Corp. | 1,384 | ||||||
35,000 | State Street Corp. | 1,645 | ||||||
10,900 | Waddell & Reed Financial, Inc., Class – A | 380 | ||||||
12,155 | ||||||||
Auto Parts & Equipment — 1.42% | ||||||||
18,200 | Gentex Corp. | 342 | ||||||
203,504 | Johnson Controls, Inc. | 6,248 | ||||||
44,600 | Lear Corp. | 2,089 | ||||||
14,479 | TRW Automotive Holdings Corp. (a) | 776 | ||||||
9,455 | ||||||||
Automobile Manufacturers — 0.57% | ||||||||
294,800 | Ford Motor Co. | 3,818 | ||||||
Biotechnology — 0.35% | ||||||||
17,650 | Gilead Sciences, Inc. (a) | 1,296 | ||||||
24,200 | Vertex Pharmaceuticals, Inc. (a) | 1,015 | ||||||
2,311 |
Shares | Security Description | Value (000) | ||||||
Brewers — 0.10% | ||||||||
15,912 | Molson Coors Brewing Co., Class – B | $ | 681 | |||||
Building Products — 0.11% | ||||||||
25,500 | Fortune Brands Home & Security, Inc. (a) | 745 | ||||||
Cable & Satellite — 1.18% | ||||||||
25,700 | Cablevision Systems Corp., Class – A | 384 | ||||||
107,400 | Comcast Corp., Class – A | 4,015 | ||||||
26,200 | DIRECTV (a) | 1,314 | ||||||
22,423 | Time Warner Cable, Inc. | 2,179 | ||||||
7,892 | ||||||||
Casinos & Gaming — 0.46% | ||||||||
263,400 | MGM Resorts International (a) | 3,066 | ||||||
Commercial Printing — 0.03% | ||||||||
23,400 | R.R. Donnelley & Sons Co. | 211 | ||||||
Commodity Chemicals — 0.01% | ||||||||
2,690 | Kronos Worldwide, Inc. | 52 | ||||||
Communications Equipment — 2.18% | ||||||||
652,900 | Cisco Systems, Inc. | 12,829 | ||||||
35,000 | Harris Corp. | 1,714 | ||||||
14,543 | ||||||||
Computer & Electronics Retail — 0.31% | ||||||||
34,800 | Best Buy Co., Inc. | 412 | ||||||
65,360 | GameStop Corp., Class – A | 1,640 | ||||||
2,052 | ||||||||
Computer Hardware — 1.54% | ||||||||
187,500 | Dell, Inc. | 1,899 | ||||||
8,100 | Diebold, Inc. | 248 | ||||||
570,989 | Hewlett-Packard Co. | 8,137 | ||||||
10,284 | ||||||||
Computer Storage & Peripherals — 0.22% | ||||||||
9,400 | Lexmark International, Inc., Class – A | 218 | ||||||
29,800 | Western Digital Corp. | 1,266 | ||||||
1,484 | ||||||||
Construction & Farm Machinery & Heavy Trucks — 0.68% | ||||||||
41,750 | Cummins, Inc. | 4,524 | ||||||
Consumer Electronics — 0.08% | ||||||||
13,900 | Garmin Ltd. | 567 | ||||||
Consumer Finance — 1.58% | ||||||||
28,200 | Ameriprise Financial, Inc. | 1,766 | ||||||
72,750 | Capital One Financial Corp. | 4,215 | ||||||
90,500 | Discover Financial Services | 3,489 | ||||||
61,900 | SLM Corp. | 1,060 | ||||||
10,530 | ||||||||
Data Processing & Outsourced Services — 1.06% | ||||||||
61,500 | Automatic Data Processing, Inc. | 3,506 | ||||||
16,200 | Broadridge Financial Solutions, Inc. | 371 | ||||||
19,800 | Computer Sciences Corp. | 793 | ||||||
31,300 | Fidelity National Information Services, Inc. | 1,089 | ||||||
42,000 | Paychex, Inc. | 1,308 | ||||||
7,067 |
See accompanying notes to financial statements.
1
HC CAPITAL TRUST
The Value Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Department Stores — 0.63% | ||||||||
31,283 | Kohl's Corp. | $ | 1,344 | |||||
73,800 | Macy's, Inc. | 2,880 | ||||||
4,224 | ||||||||
Distributors — 0.19% | ||||||||
19,500 | Genuine Parts Co. | 1,240 | ||||||
Diversified Banks — 2.79% | ||||||||
92,800 | CIT Group, Inc. (a) | 3,586 | ||||||
63,100 | U.S. Bancorp | 2,015 | ||||||
381,736 | Wells Fargo & Co. | 13,048 | ||||||
18,649 | ||||||||
Diversified Chemicals — 1.43% | ||||||||
94,618 | E.I. du Pont de Nemours & Co. | 4,255 | ||||||
24,600 | Huntsman Corp. | 391 | ||||||
151,279 | The Dow Chemical Co. | 4,889 | ||||||
9,535 | ||||||||
Diversified Metals & Mining — 0.78% | ||||||||
4,200 | Compass Minerals International, Inc. | 314 | ||||||
121,100 | Freeport-McMoRan Copper & Gold, Inc. | 4,142 | ||||||
20,428 | Southern Copper Corp. | 773 | ||||||
5,229 | ||||||||
Diversified Real Estate Investment Trusts — 0.07% | ||||||||
2,600 | Liberty Property Trust | 93 | ||||||
4,900 | Vornado Realty Trust | 392 | ||||||
485 | ||||||||
Diversified Support Services — 0.10% | ||||||||
21,347 | Iron Mountain, Inc. | 663 | ||||||
Drug Retail — 0.59% | ||||||||
106,378 | Walgreen Co. | 3,937 | ||||||
Electric Utilities — 1.36% | ||||||||
12,681 | American Electric Power, Inc. | 541 | ||||||
18,789 | Duke Energy Corp. | 1,199 | ||||||
24,117 | Edison International | 1,090 | ||||||
4,657 | Entergy Corp. | 297 | ||||||
22,431 | Exelon Corp. | 667 | ||||||
10,943 | FirstEnergy Corp. | 457 | ||||||
4,000 | Great Plains Energy, Inc. | 81 | ||||||
2,300 | Hawaiian Electric Industries, Inc. | 58 | ||||||
10,860 | NextEra Energy, Inc. | 751 | ||||||
8,217 | Northeast Utilities | 321 | ||||||
102,800 | NV Energy, Inc. | 1,865 | ||||||
6,300 | Pepco Holdings, Inc. | 124 | ||||||
3,000 | Pinnacle West Capital Corp. | 153 | ||||||
15,300 | PPL Corp. | 438 | ||||||
22,760 | The Southern Co. | 974 | ||||||
3,300 | Westar Energy, Inc. | 94 | ||||||
9,110 | ||||||||
Electrical Components & Equipment — 1.34% | ||||||||
43,525 | Eaton Corp. PLC | 2,359 | ||||||
95,100 | Emerson Electric Co. | 5,037 |
Shares | Security Description | Value (000) | ||||||
Electrical Components & Equipment — 1.34% | ||||||||
18,600 | Rockwell Automation, Inc. | $ | 1,562 | |||||
8,958 | ||||||||
Electronic Manufacturing Services — 0.07% | ||||||||
17,500 | Molex, Inc. | 478 | ||||||
Environmental & Facilities Services — 0.50% | ||||||||
14,000 | Covanta Holding Corp. | 258 | ||||||
38,000 | Republic Services, Inc., Class – A | 1,114 | ||||||
58,376 | Waste Management, Inc. | 1,970 | ||||||
3,342 | ||||||||
Fertilizers & Agricultural Chemicals — 0.66% | ||||||||
42,187 | Monsanto Co. | 3,993 | ||||||
2,700 | The Mosaic Co. | 153 | ||||||
5,300 | The Scotts Miracle-Gro Co. | 233 | ||||||
4,379 | ||||||||
Food Distributors — 0.35% | ||||||||
73,400 | Sysco Corp. | 2,324 | ||||||
Food Retail — 1.02% | ||||||||
29,100 | Safeway, Inc. | 527 | ||||||
242,400 | The Kroger Co. | 6,307 | ||||||
6,834 | ||||||||
Gas Utilities — 0.11% | ||||||||
3,200 | AGL Resources, Inc. | 128 | ||||||
2,700 | Atmos Energy Corp. | 95 | ||||||
1,800 | National Fuel Gas Co. | 91 | ||||||
5,500 | ONEOK, Inc. | 235 | ||||||
4,300 | Questar Corp. | 85 | ||||||
3,200 | UGI Corp. | 105 | ||||||
739 | ||||||||
Gold — 0.84% | ||||||||
78,850 | Barrick Gold Corp. | 2,760 | ||||||
61,403 | Newmont Mining Corp. | 2,852 | ||||||
5,612 | ||||||||
Health Care Distributors — 0.63% | ||||||||
43,100 | Cardinal Health, Inc. | 1,775 | ||||||
24,900 | McKesson Corp. | 2,414 | ||||||
4,189 | ||||||||
Health Care Equipment — 1.88% | ||||||||
117,050 | Baxter International, Inc. | 7,803 | ||||||
51,602 | Covidien PLC | 2,979 | ||||||
43,900 | Medtronic, Inc. | 1,801 | ||||||
12,583 | ||||||||
Home Furnishings — 0.07% | ||||||||
17,400 | Leggett & Platt, Inc. | 474 | ||||||
Home Improvement Retail — 0.14% | ||||||||
27,100 | Lowe's Cos., Inc. | 963 | ||||||
Homebuilding — 0.26% | ||||||||
96,600 | PulteGroup, Inc. (a) | 1,754 | ||||||
Hotels, Resorts & Cruise Lines — 0.29% | ||||||||
51,857 | Carnival Corp. | 1,907 |
See accompanying notes to financial statements.
2
HC CAPITAL TRUST
The Value Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Household Products — 1.50% | ||||||||
49,134 | Kimberly-Clark Corp. | $ | 4,148 | |||||
16,300 | The Clorox Co. | 1,194 | ||||||
68,617 | The Procter & Gamble Co. | 4,658 | ||||||
10,000 | ||||||||
Housewares & Specialties — 0.07% | ||||||||
7,100 | Tupperware Brands Corp. | 455 | ||||||
Industrial Conglomerates — 2.06% | ||||||||
51,429 | 3M Co. | 4,775 | ||||||
427,160 | General Electric Co. | 8,966 | ||||||
13,741 | ||||||||
Industrial Gases — 0.33% | ||||||||
26,600 | Air Products & Chemicals, Inc. | 2,235 | ||||||
Industrial Machinery — 1.55% | ||||||||
6,200 | Crane Co. | 287 | ||||||
11,300 | Flowserve Corp. | 1,659 | ||||||
10,400 | Harsco Corp. | 244 | ||||||
53,837 | Illinois Tool Works, Inc. | 3,274 | ||||||
55,950 | Stanley Black & Decker, Inc. | 4,138 | ||||||
15,800 | The Timken Co. | 756 | ||||||
10,358 | ||||||||
Industrial Real Estate Investment Trust — 0.07% | ||||||||
12,285 | Prologis, Inc. | 448 | ||||||
Insurance Brokers — 0.43% | ||||||||
14,900 | Arthur J. Gallagher & Co. | 516 | ||||||
69,100 | Marsh & McLennan Cos., Inc. | 2,382 | ||||||
2,898 | ||||||||
Integrated Oil & Gas — 5.94% | ||||||||
127,900 | BP PLC – Sponsored ADR | 5,326 | ||||||
40,823 | Chevron Corp. | 4,415 | ||||||
83,136 | ConocoPhillips | 4,821 | ||||||
187,534 | Exxon Mobil Corp. | 16,231 | ||||||
85,200 | Marathon Oil Corp. | 2,612 | ||||||
81,375 | Occidental Petroleum Corp. | 6,234 | ||||||
39,639 | ||||||||
Integrated Telecommunication Services — 2.55% | ||||||||
162,977 | AT&T, Inc. | 5,494 | ||||||
66,229 | BCE, Inc. | 2,844 | ||||||
77,822 | CenturyLink, Inc. | 3,044 | ||||||
124,700 | Frontier Communications Corp. | 534 | ||||||
104,613 | Verizon Communications, Inc. | 4,526 | ||||||
73,900 | Windstream Corp. | 612 | ||||||
17,054 | ||||||||
Investment Banking & Brokerage — 0.07% | ||||||||
14,800 | Lazard Ltd., Class – A | 442 | ||||||
IT Consulting & Other Services — 0.07% | ||||||||
3,200 | Booz Allen Hamilton Holding Corp. | 44 | ||||||
36,100 | SAIC, Inc. | 409 | ||||||
453 | ||||||||
Leisure Products — 0.31% | ||||||||
14,600 | Hasbro, Inc. | 524 |
Shares | Security Description | Value (000) | ||||||
Leisure Products (continued) | ||||||||
43,100 | Mattel, Inc. | $ | 1,578 | |||||
2,102 | ||||||||
Life & Health Insurance — 1.48% | ||||||||
59,216 | Aflac, Inc. | 3,146 | ||||||
35,557 | MetLife, Inc. | 1,171 | ||||||
38,300 | Principal Financial Group, Inc. | 1,092 | ||||||
10,400 | Protective Life Corp. | 297 | ||||||
59,900 | Prudential Financial, Inc. | 3,194 | ||||||
5,800 | StanCorp Financial Group, Inc. | 213 | ||||||
36,500 | Unum Group | 760 | ||||||
9,873 | ||||||||
Managed Health Care — 1.22% | ||||||||
25,805 | Health Net, Inc. (a) | 627 | ||||||
52,500 | UnitedHealth Group, Inc. | 2,848 | ||||||
76,300 | WellPoint, Inc. | 4,648 | ||||||
8,123 | ||||||||
Marine — 0.02% | ||||||||
4,869 | Matson, Inc. | 120 | ||||||
Metal & Glass Containers — 0.26% | ||||||||
4,200 | Greif, Inc., Class – A | 187 | ||||||
73,387 | Owens-Illinois, Inc. (a) | 1,561 | ||||||
1,748 | ||||||||
Mortgage Real Estate Investment Trusts — 0.12% | ||||||||
9,100 | American Capital Agency Corp. | 263 | ||||||
25,800 | Annaly Capital Management, Inc. | 362 | ||||||
23,600 | Chimera Investment Corp. | 62 | ||||||
2,400 | Hatteras Financial Corp. | 60 | ||||||
8,800 | MFA Financial, Inc. | 71 | ||||||
818 | ||||||||
Movies & Entertainment — 2.18% | ||||||||
14,500 | Cinemark Holdings, Inc. | 377 | ||||||
10,000 | Regal Entertainment Group, Class – A | 139 | ||||||
141,140 | Time Warner, Inc. | 6,751 | ||||||
137,941 | Viacom, Inc., Class – B | 7,275 | ||||||
14,542 | ||||||||
Multi-line Insurance — 0.03% | ||||||||
6,252 | Kemper Corp. | 184 | ||||||
Multi-Utilities — 0.74% | ||||||||
3,100 | Alliant Energy Corp. | 136 | ||||||
6,200 | Ameren Corp. | 190 | ||||||
11,000 | CenterPoint Energy, Inc. | 212 | ||||||
6,900 | CMS Energy Corp. | 168 | ||||||
7,700 | Consolidated Edison, Inc. | 428 | ||||||
15,042 | Dominion Resources, Inc. | 779 | ||||||
4,448 | DTE Energy Co. | 267 | ||||||
2,200 | Integrys Energy Group, Inc. | 115 | ||||||
5,200 | MDU Resources Group, Inc. | 110 | ||||||
7,561 | NiSource, Inc. | 188 | ||||||
2,600 | OGE Energy Corp. | 146 | ||||||
11,142 | PG&E Corp. | 448 | ||||||
13,302 | Public Service Enterprise Group, Inc. | 407 |
See accompanying notes to financial statements.
3
HC CAPITAL TRUST
The Value Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Multi-Utilities (continued) | ||||||||
3,100 | SCANA Corp. | $ | 142 | |||||
6,300 | Sempra Energy | 447 | ||||||
6,200 | TECO Energy, Inc. | 104 | ||||||
2,500 | Vectren Corp. | 74 | ||||||
6,000 | Wisconsin Energy Corp. | 221 | ||||||
12,500 | Xcel Energy, Inc. | 334 | ||||||
4,916 | ||||||||
Office Real Estate Investment Trusts — 0.15% | ||||||||
1,800 | Alexandria Real Estate Equities, Inc. | 125 | ||||||
3,800 | BioMed Realty Trust, Inc. | 73 | ||||||
4,300 | Brandywine Realty Trust | 52 | ||||||
1,800 | CommonWealth REIT | 29 | ||||||
1,600 | Corporate Office Properties Trust | 40 | ||||||
3,300 | Digital Realty Trust, Inc. | 224 | ||||||
4,100 | Douglas Emmett, Inc. | 96 | ||||||
7,200 | Duke Realty Corp. | 100 | ||||||
2,200 | Kilroy Realty Corp. | 104 | ||||||
2,100 | Mack-Cali Realty Corp. | 55 | ||||||
5,100 | Piedmont Office Realty Trust, Inc., Class – A | 92 | ||||||
990 | ||||||||
Office Services & Supplies — 0.10% | ||||||||
12,900 | Avery Dennison Corp. | 450 | ||||||
21,700 | Pitney Bowes, Inc. | 231 | ||||||
681 | ||||||||
Oil & Gas Drilling — 0.49% | ||||||||
20,700 | Diamond Offshore Drilling, Inc. | 1,407 | ||||||
33,100 | Helmerich & Payne, Inc. | 1,854 | ||||||
3,261 | ||||||||
Oil & Gas Equipment & Services — 0.69% | ||||||||
85,750 | Halliburton Co. | 2,975 | ||||||
22,650 | National Oilwell Varco, Inc. | 1,548 | ||||||
7,900 | RPC, Inc. | 97 | ||||||
4,620 | ||||||||
Oil & Gas Exploration & Production — 0.80% | ||||||||
95,000 | Encana Corp. | 1,877 | ||||||
19,400 | Royal Dutch Shell PLC – Sponsored ADR | 1,338 | ||||||
64,350 | Southwestern Energy Co. (a) | 2,150 | ||||||
5,365 | ||||||||
Oil & Gas Refining & Marketing — 0.40% | ||||||||
42,405 | Marathon Petroleum Corp. | 2,672 | ||||||
Oil & Gas Storage & Transportation — 1.10% | ||||||||
5,634 | Golar LNG Ltd. | 207 | ||||||
61,527 | Kinder Morgan, Inc. | 2,174 | ||||||
81,600 | Spectra Energy Corp. | 2,234 | ||||||
4,995 | Teekay Shipping Corp. | 161 | ||||||
77,621 | The Williams Cos., Inc. | 2,541 | ||||||
7,317 | ||||||||
Other Diversified Financial Services — 3.91% | ||||||||
279,700 | Bank of America Corp. | 3,245 |
Shares | Security Description | Value (000) | ||||||
Other Diversified Financial Services (continued) | ||||||||
290,150 | Citigroup, Inc. | $ | 11,478 | |||||
259,088 | JPMorgan Chase & Co. | 11,392 | ||||||
26,115 | ||||||||
Packaged Foods & Meats — 2.55% | ||||||||
21,900 | Campbell Soup Co. | 764 | ||||||
52,200 | ConAgra Foods, Inc. | 1,540 | ||||||
14,100 | Flowers Foods, Inc. | 328 | ||||||
80,936 | General Mills, Inc. | 3,271 | ||||||
40,300 | H.J. Heinz Co. | 2,325 | ||||||
30,279 | Kellogg Co. | 1,691 | ||||||
38,432 | Kraft Foods Group, Inc. | 1,747 | ||||||
115,057 | Mondelez International, Inc., Class – A | 2,930 | ||||||
124,800 | Tyson Foods, Inc., Class – A | 2,421 | ||||||
17,017 | ||||||||
Paper Packaging — 0.26% | ||||||||
12,900 | Bemis Co., Inc. | 432 | ||||||
12,100 | Packaging Corp. of America | 465 | ||||||
25,200 | Sealed Air Corp. | 441 | ||||||
13,000 | Sonoco Products Co. | 387 | ||||||
1,725 | ||||||||
Paper Products — 0.44% | ||||||||
55,900 | International Paper Co. | 2,227 | ||||||
21,700 | MeadWestvaco Corp. | 692 | ||||||
2,919 | ||||||||
Personal Products — 0.19% | ||||||||
54,200 | Avon Products, Inc. | 778 | ||||||
14,800 | Herbalife Ltd. | 488 | ||||||
1,266 | ||||||||
Pharmaceuticals — 8.58% | ||||||||
68,437 | Abbott Laboratories | 4,483 | ||||||
127,800 | AstraZeneca PLC – Sponsored ADR | 6,041 | ||||||
140,047 | Bristol-Myers Squibb Co. | 4,564 | ||||||
100,641 | Eli Lilly & Co. | 4,964 | ||||||
142,656 | Johnson & Johnson | 10,000 | ||||||
105,849 | Merck & Co., Inc. | 4,333 | ||||||
61,400 | Novartis AG – Sponsored ADR | 3,887 | ||||||
759,937 | Pfizer, Inc. | 19,059 | ||||||
57,331 | ||||||||
Property & Casualty Insurance — 2.13% | ||||||||
80,410 | ACE Ltd. | 6,417 | ||||||
22,500 | Assured Guaranty Ltd. | 320 | ||||||
13,800 | AXIS Capital Holdings Ltd. | 478 | ||||||
18,300 | Cincinnati Financial Corp. | 716 | ||||||
5,300 | Endurance Specialty Holdings Ltd. | 210 | ||||||
79,700 | Fidelity National Financial, Inc., Class – A | 1,877 | ||||||
5,700 | Hanover Insurance Group, Inc. | 221 | ||||||
3,400 | Mercury General Corp. | 135 | ||||||
32,300 | Old Republic International Corp. | 344 | ||||||
48,438 | The Travelers Cos., Inc. | 3,479 | ||||||
14,197 |
See accompanying notes to financial statements.
4
HC CAPITAL TRUST
The Value Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Publishing — 0.83% | ||||||||
95,192 | Gannett Co., Inc. | $ | 1,714 | |||||
40,800 | The McGraw-Hill Cos., Inc. | 2,231 | ||||||
600 | The Washington Post Co., Class – B | 219 | ||||||
46,985 | Thomson Reuters Corp. | 1,365 | ||||||
5,529 | ||||||||
Railroads — 0.77% | ||||||||
131,000 | CSX Corp. | 2,585 | ||||||
41,446 | Norfolk Southern Corp. | 2,563 | ||||||
5,148 | ||||||||
Regional Banks — 1.89% | ||||||||
5,700 | Bank of Hawaii Corp. | 251 | ||||||
147,660 | BB&T Corp. | 4,298 | ||||||
6,700 | Cullen/Frost Bankers, Inc. | 364 | ||||||
116,400 | Fifth Third Bancorp | 1,768 | ||||||
24,500 | Fulton Financial Corp. | 235 | ||||||
16,000 | M&T Bank Corp. | 1,576 | ||||||
67,260 | PNC Financial Services Group, Inc. | 3,922 | ||||||
24,425 | Valley National Bancorp | 227 | ||||||
12,641 | ||||||||
Reinsurance — 0.49% | ||||||||
26,400 | PartnerRe Ltd. | 2,125 | ||||||
33,800 | Validus Holdings Ltd. | 1,169 | ||||||
3,294 | ||||||||
Residential Real Estate Investment Trusts — 0.20% | ||||||||
2,500 | American Campus Communities, Inc. | 115 | ||||||
3,900 | Apartment Investment & Management Co., Class – A | 106 | ||||||
2,500 | AvalonBay Communities, Inc. | 339 | ||||||
2,100 | BRE Properties, Inc. | 107 | ||||||
2,300 | Camden Property Trust | 157 | ||||||
1,000 | Equity Lifestyle Properties, Inc. | 67 | ||||||
900 | Essex Property Trust, Inc. | 132 | ||||||
1,200 | Home Properties, Inc. | 74 | ||||||
1,000 | Mid-America Apartment Communities, Inc. | 65 | ||||||
7,000 | UDR, Inc. | 166 | ||||||
1,328 | ||||||||
Restaurants — 1.13% | ||||||||
16,200 | Darden Restaurants, Inc. | 730 | ||||||
77,650 | McDonald's Corp. | 6,850 | ||||||
7,580 | ||||||||
Retail Real Estate Investment Trusts — 0.39% | ||||||||
3,700 | CBL & Associates Properties, Inc. | 78 | ||||||
6,483 | DDR Corp. | 102 | ||||||
1,700 | Federal Realty Investment Trust | 177 | ||||||
10,900 | Kimco Realty Corp. | 211 | ||||||
2,700 | National Retail Properties, Inc. | 84 | ||||||
3,600 | Realty Income Corp. | 145 | ||||||
2,600 | Regency Centers Corp. | 122 | ||||||
2,400 | Retail Properties of America, Inc., Class – A | 29 |
Shares | Security Description | Value (000) | ||||||
Retail Real Estate Investment Trusts (continued) | ||||||||
8,129 | Simon Property Group, Inc. | $ | 1,285 | |||||
2,300 | Tanger Factory Outlet Centers, Inc. | 79 | ||||||
3,400 | The Macerich Co. | 198 | ||||||
3,600 | Weingarten Realty Investors | 96 | ||||||
2,606 | ||||||||
Security & Alarm Services — 0.07% | ||||||||
12,500 | Corrections Corp. of America | 443 | ||||||
Semiconductor Equipment — 0.94% | ||||||||
461,022 | Applied Materials, Inc. | 5,274 | ||||||
20,900 | KLA-Tencor Corp. | 998 | ||||||
6,272 | ||||||||
Semiconductors — 3.46% | ||||||||
38,100 | Analog Devices, Inc. | 1,603 | ||||||
20,800 | Cypress Semiconductor Corp. | 225 | ||||||
211,180 | Intel Corp. | 4,357 | ||||||
29,300 | Linear Technology Corp. | 1,005 | ||||||
59,700 | Marvell Technology Group Ltd. | 433 | ||||||
37,300 | Maxim Integrated Products, Inc. | 1,097 | ||||||
24,600 | Microchip Technology, Inc. | 802 | ||||||
349,400 | Micron Technology, Inc. (a) | 2,219 | ||||||
329,160 | Texas Instruments, Inc. | 10,184 | ||||||
33,300 | Xilinx, Inc. | 1,195 | ||||||
23,120 | ||||||||
Soft Drinks — 1.72% | ||||||||
26,800 | Dr. Pepper Snapple Group, Inc. | 1,184 | ||||||
67,680 | PepsiCo, Inc. | 4,631 | ||||||
155,544 | The Coca-Cola Co. | 5,639 | ||||||
11,454 | ||||||||
Specialized Consumer Services — 0.10% | ||||||||
34,300 | H&R Block, Inc. | 637 | ||||||
Specialized Finance — 0.48% | ||||||||
42,095 | CME Group, Inc. | 2,135 | ||||||
4,900 | Interactive Brokers Group, Inc., Class – A | 67 | ||||||
32,100 | NYSE Euronext | 1,012 | ||||||
3,214 | ||||||||
Specialized Real Estate Investment Trusts — 0.37% | ||||||||
11,200 | HCP, Inc. | 506 | ||||||
6,100 | Health Care REIT, Inc. | 374 | ||||||
3,000 | Hospitality Properties Trust | 70 | ||||||
4,400 | Plum Creek Timber Co., Inc. | 195 | ||||||
3,843 | Public Storage | 557 | ||||||
3,400 | Rayonier, Inc. | 176 | ||||||
4,800 | Senior Housing Properties Trust | 114 | ||||||
7,714 | Ventas, Inc. | 499 | ||||||
2,491 | ||||||||
Specialty Chemicals — 0.93% | ||||||||
92,362 | LyondellBasell Industries NV, Class – A | 5,273 | ||||||
9,000 | Rockwood Holdings, Inc. | 445 | ||||||
16,500 | RPM, Inc. | 485 | ||||||
6,203 |
See accompanying notes to financial statements.
5
HC CAPITAL TRUST
The Value Equity Portfolio
Portfolio of Investments (concluded) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Specialty Stores — 0.15% | ||||||||
89,500 | Staples, Inc. | $ | 1,020 | |||||
Steel — 0.46% | ||||||||
18,500 | Cliffs Natural Resources, Inc. | 713 | ||||||
14,772 | Commercial Metals Co. | 220 | ||||||
41,000 | Nucor Corp. | 1,770 | ||||||
28,751 | Steel Dynamics, Inc. | 395 | ||||||
3,098 | ||||||||
Systems Software — 1.04% | ||||||||
44,700 | CA, Inc. | 982 | ||||||
222,510 | Microsoft Corp. | 5,948 | ||||||
6,930 | ||||||||
Thrifts & Mortgage Finance — 0.37% | ||||||||
4,185 | BankUnited, Inc. | 102 | ||||||
20,600 | Capitol Federal Financial, Inc. | 241 | ||||||
45,200 | First Niagara Financial Group, Inc. | 358 | ||||||
66,000 | Hudson City Bancorp, Inc. | 537 | ||||||
55,100 | New York Community Bancorp, Inc. | 722 | ||||||
44,300 | People's United Financial, Inc. | 536 | ||||||
2,496 | ||||||||
Tobacco — 2.68% | ||||||||
226,601 | Altria Group, Inc. | 7,120 | ||||||
39,500 | Lorillard, Inc. | 4,608 | ||||||
52,996 | Philip Morris International, Inc. | 4,433 | ||||||
41,451 | Reynolds American, Inc. | 1,717 | ||||||
17,878 | ||||||||
Trading Companies & Distributors — 0.04% | ||||||||
6,100 | GATX Corp. | 264 | ||||||
Trucking — 0.05% | ||||||||
6,600 | Ryder System, Inc. | 330 |
Shares or Principal Amount (000) | Security Description | Value (000) | ||||||
Water Utilities — 0.04% | ||||||||
4,700 | American Water Works Co., Inc. | $ | 175 | |||||
3,700 | Aqua America, Inc. | 94 | ||||||
269 | ||||||||
Wireless Telecommunication Services — 0.73% | ||||||||
192,730 | Vodafone Group PLC – Sponsored ADR | 4,855 | ||||||
Total Common Stocks | 661,889 | |||||||
Time Deposit — 0.57% | ||||||||
$3,830 | State Street Liquidity Management Control System Time Deposit, 0.01%, 1/2/13 | 3,830 | ||||||
Total Time Deposit | 3,830 | |||||||
Mutual Fund — 0.20% | ||||||||
1,358,298 | Alliance Money Market Fund Prime Portfolio, 0.11% (b) | 1,358 | ||||||
Total Mutual Fund | 1,358 | |||||||
Total Investments (cost $602,028) — 99.89% | 667,077 | |||||||
Other assets in excess of liabilities — 0.11% | 726 | |||||||
Net Assets — 100.00% | $ | 667,803 |
(a) | Represents non-income producing security. |
(b) | The rate disclosed is the rate in effect on December 31, 2012. ADR — American Depositary Receipt |
REIT — Real Estate Investment Trust |
The following table reflects the percentage of the total net assets of the Portfolio attributable to each Specialist Manager; see Note 3 in the Notes to Financial Statements.
The Value Equity Portfolio | Alliance Bernstein L.P. | Institutional Capital, LLC | SSgA Funds Management, Inc. | Total | ||||||||||||
Common Stocks | 21.43 | % | 20.77 | % | 56.92 | % | 99.12 | % | ||||||||
Time Deposit | 0.41 | % | 0.16 | % | — | 0.57 | % | |||||||||
Mutual Fund | — | — | 0.20 | % | 0.20 | % | ||||||||||
Other Assets (Liabilities) | 0.12 | % | 0.03 | % | -0.04 | % | 0.11 | % | ||||||||
Total Net Assets | 21.96 | % | 20.96 | % | 57.08 | % | 100.00 | % |
See accompanying notes to financial statements.
6
HC CAPITAL TRUST
The Institutional Value Equity Portfolio
Portfolio of Investments — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks — 99.81% | ||||||||
Aerospace & Defense — 4.89% | ||||||||
38,185 | Exelis, Inc. | $ | 430 | |||||
62,851 | General Dynamics Corp. | 4,354 | ||||||
252,091 | Honeywell International, Inc. | 16,000 | ||||||
19,200 | L-3 Communications Holdings, Inc. | 1,471 | ||||||
51,314 | Lockheed Martin Corp. | 4,736 | ||||||
50,431 | Northrop Grumman Corp. | 3,408 | ||||||
65,820 | Raytheon Co. | 3,789 | ||||||
108,900 | The Boeing Co. | 8,207 | ||||||
96,177 | United Technologies Corp. | 7,887 | ||||||
50,282 | ||||||||
Agricultural Products — 0.46% | ||||||||
129,800 | Archer-Daniels-Midland Co. | 3,555 | ||||||
16,700 | Bunge Ltd. | 1,214 | ||||||
4,769 | ||||||||
Air Freight & Logistics — 0.75% | ||||||||
105,100 | United Parcel Service, Inc., Class – B | 7,749 | ||||||
Airlines — 0.37% | ||||||||
6,606 | Copa Holdings SA, Class – A | 657 | ||||||
265,600 | Delta Air Lines, Inc. (a) | 3,153 | ||||||
3,810 | ||||||||
Apparel Retail — 0.47% | ||||||||
13,300 | Guess?, Inc. | 326 | ||||||
106,100 | The TJX Cos., Inc. | 4,504 | ||||||
4,830 | ||||||||
Application Software — 0.34% | ||||||||
93,700 | Adobe Systems, Inc. (a) | 3,531 | ||||||
Asset Management & Custody Banks — 1.81% | ||||||||
50,707 | Ares Capital Corp. | 887 | ||||||
43,269 | BlackRock, Inc., Class – A | 8,944 | ||||||
23,100 | Eaton Vance Corp. | 736 | ||||||
18,600 | Federated Investors, Inc., Class – B | 376 | ||||||
91,100 | Invesco Ltd. | 2,377 | ||||||
39,600 | Janus Capital Group, Inc. | 338 | ||||||
43,651 | Northern Trust Corp. | 2,190 | ||||||
45,700 | State Street Corp. | 2,148 | ||||||
17,700 | Waddell & Reed Financial, Inc., Class – A | 616 | ||||||
18,612 | ||||||||
Auto Parts & Equipment — 1.39% | ||||||||
28,900 | Gentex Corp. | 544 | ||||||
311,039 | Johnson Controls, Inc. | 9,549 | ||||||
64,800 | Lear Corp. | 3,035 | ||||||
21,445 | TRW Automotive Holdings Corp. (a) | 1,150 | ||||||
14,278 | ||||||||
Automobile Manufacturers — 0.55% | ||||||||
438,050 | Ford Motor Co. | 5,673 | ||||||
Biotechnology — 0.34% | ||||||||
26,200 | Gilead Sciences, Inc. (a) | 1,924 | ||||||
36,500 | Vertex Pharmaceuticals, Inc. (a) | 1,531 | ||||||
3,455 |
Shares | Security Description | Value (000) | ||||||
Brewers — 0.11% | ||||||||
25,279 | Molson Coors Brewing Co., Class – B | $ | 1,082 | |||||
Building Products — 0.12% | ||||||||
40,473 | Fortune Brands Home & Security, Inc. (a) | 1,183 | ||||||
Cable & Satellite — 1.12% | ||||||||
40,800 | Cablevision Systems Corp., Class – A | 610 | ||||||
145,700 | Comcast Corp., Class – A | 5,446 | ||||||
40,200 | DIRECTV (a) | 2,016 | ||||||
34,900 | Time Warner Cable, Inc. | 3,392 | ||||||
11,464 | ||||||||
Casinos & Gaming — 0.47% | ||||||||
418,800 | MGM Resorts International (a) | 4,875 | ||||||
Commercial Printing — 0.03% | ||||||||
37,100 | R.R. Donnelley & Sons Co. | 334 | ||||||
Commodity Chemicals — 0.01% | ||||||||
4,306 | Kronos Worldwide, Inc. | 84 | ||||||
Communications Equipment — 2.15% | ||||||||
987,300 | Cisco Systems, Inc. | 19,401 | ||||||
54,600 | Harris Corp. | 2,673 | ||||||
22,074 | ||||||||
Computer & Electronics Retail — 0.32% | ||||||||
55,200 | Best Buy Co., Inc. | 654 | ||||||
106,400 | GameStop Corp., Class – A | 2,670 | ||||||
3,324 | ||||||||
Computer Hardware — 1.58% | ||||||||
297,400 | Dell, Inc. | 3,012 | ||||||
12,900 | Diebold, Inc. | 395 | ||||||
897,953 | Hewlett-Packard Co. | 12,796 | ||||||
16,203 | ||||||||
Computer Storage & Peripherals — 0.23% | ||||||||
14,900 | Lexmark International, Inc., Class – A | 345 | ||||||
47,300 | Western Digital Corp. | 2,010 | ||||||
2,355 | ||||||||
Construction & Farm Machinery & Heavy Trucks — 0.66% | ||||||||
62,250 | Cummins, Inc. | 6,745 | ||||||
Consumer Electronics — 0.09% | ||||||||
22,000 | Garmin Ltd. | 898 | ||||||
Consumer Finance — 1.59% | ||||||||
44,500 | Ameriprise Financial, Inc. | 2,787 | ||||||
107,900 | Capital One Financial Corp. | 6,251 | ||||||
146,500 | Discover Financial Services | 5,647 | ||||||
98,300 | SLM Corp. | 1,684 | ||||||
16,369 | ||||||||
Data Processing & Outsourced Services — 1.09% | ||||||||
97,600 | Automatic Data Processing, Inc. | 5,564 | ||||||
25,700 | Broadridge Financial Solutions, Inc. | 588 | ||||||
31,400 | Computer Sciences Corp. | 1,258 | ||||||
50,400 | Fidelity National Information Services, Inc. | 1,754 | ||||||
66,500 | Paychex, Inc. | 2,071 | ||||||
11,235 |
See accompanying notes to financial statements.
7
HC CAPITAL TRUST
The Institutional Value Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Department Stores — 0.64% | ||||||||
49,565 | Kohl's Corp. | $ | 2,131 | |||||
114,000 | Macy's, Inc. | 4,448 | ||||||
6,579 | ||||||||
Distributors — 0.19% | ||||||||
31,300 | Genuine Parts Co. | 1,990 | ||||||
Diversified Banks — 2.80% | ||||||||
140,300 | CIT Group, Inc. (a) | 5,421 | ||||||
94,300 | U.S. Bancorp | 3,012 | ||||||
595,643 | Wells Fargo & Co. | 20,359 | ||||||
28,792 | ||||||||
Diversified Chemicals — 1.47% | ||||||||
149,719 | E.I. du Pont de Nemours & Co. | 6,733 | ||||||
39,700 | Huntsman Corp. | 631 | ||||||
240,790 | The Dow Chemical Co. | 7,782 | ||||||
15,146 | ||||||||
Diversified Metals & Mining — 0.81% | ||||||||
6,600 | Compass Minerals International, Inc. | 493 | ||||||
192,200 | Freeport-McMoRan Copper & Gold, Inc. | 6,573 | ||||||
32,521 | Southern Copper Corp. | 1,232 | ||||||
8,298 | ||||||||
Diversified Real Estate Investment Trusts — 0.08% | ||||||||
4,700 | Liberty Property Trust | 168 | ||||||
8,000 | Vornado Realty Trust | 641 | ||||||
809 | ||||||||
Diversified Support Services — 0.10% | ||||||||
33,931 | Iron Mountain, Inc. | 1,054 | ||||||
Drug Retail — 0.61% | ||||||||
169,550 | Walgreen Co. | 6,275 | ||||||
Electric Utilities — 1.37% | ||||||||
20,567 | American Electric Power, Inc. | 878 | ||||||
29,774 | Duke Energy Corp. | 1,899 | ||||||
35,268 | Edison International | 1,594 | ||||||
7,382 | Entergy Corp. | 471 | ||||||
35,644 | Exelon Corp. | 1,060 | ||||||
17,471 | FirstEnergy Corp. | 729 | ||||||
6,200 | Great Plains Energy, Inc. | 126 | ||||||
4,400 | Hawaiian Electric Industries, Inc. | 111 | ||||||
17,315 | NextEra Energy, Inc. | 1,198 | ||||||
12,823 | Northeast Utilities | 501 | ||||||
149,100 | NV Energy, Inc. | 2,705 | ||||||
10,100 | Pepco Holdings, Inc. | 198 | ||||||
4,400 | Pinnacle West Capital Corp. | 224 | ||||||
24,700 | PPL Corp. | 707 | ||||||
36,149 | The Southern Co. | 1,547 | ||||||
5,300 | Westar Energy, Inc. | 152 | ||||||
14,100 | ||||||||
Electrical Components & Equipment — 1.38% | ||||||||
69,058 | Eaton Corp. PLC | 3,743 | ||||||
150,900 | Emerson Electric Co. | 7,991 |
Shares | Security Description | Value (000) | ||||||
Electrical Components & Equipment (continued) | ||||||||
29,300 | Rockwell Automation, Inc. | $ | 2,461 | |||||
14,195 | ||||||||
Electronic Manufacturing Services — 0.07% | ||||||||
27,800 | Molex, Inc. | 760 | ||||||
Environmental & Facilities Services — 0.52% | ||||||||
22,000 | Covanta Holding Corp. | 405 | ||||||
61,200 | Republic Services, Inc., Class – A | 1,795 | ||||||
92,569 | Waste Management, Inc. | 3,123 | ||||||
5,323 | ||||||||
Fertilizers & Agricultural Chemicals — 0.64% | ||||||||
62,557 | Monsanto Co. | 5,921 | ||||||
4,000 | The Mosaic Co. | 226 | ||||||
8,800 | The Scotts Miracle-Gro Co. | 388 | ||||||
6,535 | ||||||||
Food Distributors — 0.36% | ||||||||
116,400 | Sysco Corp. | 3,685 | ||||||
Food Retail — 1.00% | ||||||||
46,200 | Safeway, Inc. | 836 | ||||||
363,000 | The Kroger Co. | 9,445 | ||||||
10,281 | ||||||||
Gas Utilities — 0.11% | ||||||||
4,800 | AGL Resources, Inc. | 192 | ||||||
4,100 | Atmos Energy Corp. | 144 | ||||||
2,861 | National Fuel Gas Co. | 145 | ||||||
8,700 | ONEOK, Inc. | 372 | ||||||
8,000 | Questar Corp. | 158 | ||||||
4,367 | UGI Corp. | 143 | ||||||
1,154 | ||||||||
Gold — 0.84% | ||||||||
116,950 | Barrick Gold Corp. | 4,095 | ||||||
97,466 | Newmont Mining Corp. | 4,526 | ||||||
8,621 | ||||||||
Health Care Distributors — 0.62% | ||||||||
68,400 | Cardinal Health, Inc. | 2,817 | ||||||
37,150 | McKesson Corp. | 3,602 | ||||||
6,419 | ||||||||
Health Care Equipment — 1.86% | ||||||||
180,550 | Baxter International, Inc. | 12,036 | ||||||
76,834 | Covidien PLC | 4,436 | ||||||
65,700 | Medtronic, Inc. | 2,695 | ||||||
19,167 | ||||||||
Home Furnishings — 0.07% | ||||||||
27,700 | Leggett & Platt, Inc. | 754 | ||||||
Home Improvement Retail — 0.14% | ||||||||
40,200 | Lowe's Cos., Inc. | 1,428 | ||||||
Homebuilding — 0.27% | ||||||||
152,200 | PulteGroup, Inc. (a) | 2,764 | ||||||
Hotels, Resorts & Cruise Lines — 0.29% | ||||||||
82,198 | Carnival Corp. | 3,022 |
See accompanying notes to financial statements.
8
HC CAPITAL TRUST
The Institutional Value Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Household Products — 1.54% | ||||||||
77,794 | Kimberly-Clark Corp. | $ | 6,568 | |||||
26,200 | The Clorox Co. | 1,918 | ||||||
108,555 | The Procter & Gamble Co. | 7,370 | ||||||
15,856 | ||||||||
Housewares & Specialties — 0.07% | ||||||||
11,200 | Tupperware Brands Corp. | 718 | ||||||
Industrial Conglomerates — 2.09% | ||||||||
81,369 | 3M Co. | 7,555 | ||||||
662,718 | General Electric Co. | 13,911 | ||||||
21,466 | ||||||||
Industrial Gases — 0.34% | ||||||||
42,200 | Air Products & Chemicals, Inc. | 3,546 | ||||||
Industrial Machinery — 1.55% | ||||||||
9,900 | Crane Co. | 458 | ||||||
16,900 | Flowserve Corp. | 2,481 | ||||||
16,600 | Harsco Corp. | 390 | ||||||
85,543 | Illinois Tool Works, Inc. | 5,202 | ||||||
85,050 | Stanley Black & Decker, Inc. | 6,291 | ||||||
23,700 | The Timken Co. | 1,134 | ||||||
15,956 | ||||||||
Industrial Real Estate Investment Trust — 0.07% | ||||||||
19,902 | Prologis, Inc. | 726 | ||||||
Insurance Brokers — 0.45% | ||||||||
23,600 | Arthur J. Gallagher & Co. | 818 | ||||||
109,600 | Marsh & McLennan Cos., Inc. | 3,778 | ||||||
4,596 | ||||||||
Integrated Oil & Gas — 5.91% | ||||||||
191,100 | BP PLC – Sponsored ADR | 7,957 | ||||||
64,830 | Chevron Corp. | 7,011 | ||||||
131,880 | ConocoPhillips | 7,648 | ||||||
283,981 | Exxon Mobil Corp. | 24,578 | ||||||
125,400 | Marathon Oil Corp. | 3,845 | ||||||
126,685 | Occidental Petroleum Corp. | 9,705 | ||||||
60,744 | ||||||||
Integrated Telecommunication Services — 2.59% | ||||||||
254,292 | AT&T, Inc. | 8,572 | ||||||
98,595 | BCE, Inc. | 4,234 | ||||||
123,501 | CenturyLink, Inc. | 4,831 | ||||||
197,900 | Frontier Communications Corp. | 847 | ||||||
165,533 | Verizon Communications, Inc. | 7,163 | ||||||
117,300 | Windstream Corp. | 971 | ||||||
26,618 | ||||||||
Investment Banking & Brokerage — 0.07% | ||||||||
23,476 | Lazard Ltd., Class – A | 700 | ||||||
IT Consulting & Other Services — 0.07% | ||||||||
5,100 | Booz Allen Hamilton Holding Corp. | 71 | ||||||
57,200 | SAIC, Inc. | 647 | ||||||
718 | ||||||||
Leisure Products — 0.32% | ||||||||
23,100 | Hasbro, Inc. | 829 |
Shares | Security Description | Value (000) | ||||||
Leisure Products (continued) | ||||||||
68,300 | Mattel, Inc. | $ | 2,501 | |||||
3,330 | ||||||||
Life & Health Insurance — 1.52% | ||||||||
94,031 | Aflac, Inc. | 4,995 | ||||||
53,014 | MetLife, Inc. | 1,746 | ||||||
61,700 | Principal Financial Group, Inc. | 1,760 | ||||||
16,500 | Protective Life Corp. | 472 | ||||||
95,100 | Prudential Financial, Inc. | 5,072 | ||||||
9,300 | StanCorp Financial Group, Inc. | 341 | ||||||
57,900 | Unum Group | 1,205 | ||||||
15,591 | ||||||||
Managed Health Care — 1.23% | ||||||||
41,211 | Health Net, Inc. (a) | 1,001 | ||||||
78,200 | UnitedHealth Group, Inc. | 4,242 | ||||||
122,200 | WellPoint, Inc. | 7,444 | ||||||
12,687 | ||||||||
Marine — 0.02% | ||||||||
7,781 | Matson, Inc. | 192 | ||||||
Metal & Glass Containers — 0.26% | ||||||||
6,700 | Greif, Inc., Class – A | 298 | ||||||
109,389 | Owens-Illinois, Inc. (a) | 2,327 | ||||||
2,625 | ||||||||
Mortgage Real Estate Investment Trusts — 0.13% | ||||||||
14,400 | American Capital Agency Corp. | 417 | ||||||
41,000 | Annaly Capital Management, Inc. | 576 | ||||||
38,086 | Chimera Investment Corp. | 99 | ||||||
3,800 | Hatteras Financial Corp. | 94 | ||||||
13,900 | MFA Financial, Inc. | 113 | ||||||
1,299 | ||||||||
Movies & Entertainment — 2.13% | ||||||||
23,100 | Cinemark Holdings, Inc. | 600 | ||||||
15,900 | Regal Entertainment Group, Class – A | 222 | ||||||
209,341 | Time Warner, Inc. | 10,013 | ||||||
209,969 | Viacom, Inc., Class – B | 11,073 | ||||||
21,908 | ||||||||
Multi-line Insurance — 0.03% | ||||||||
10,257 | Kemper Corp. | 303 | ||||||
Multi-Utilities — 0.76% | ||||||||
4,500 | Alliant Energy Corp. | 198 | ||||||
9,900 | Ameren Corp. | 304 | ||||||
17,400 | CenterPoint Energy, Inc. | 335 | ||||||
11,500 | CMS Energy Corp. | 280 | ||||||
12,500 | Consolidated Edison, Inc. | 694 | ||||||
23,910 | Dominion Resources, Inc. | 1,238 | ||||||
6,922 | DTE Energy Co. | 416 | ||||||
3,500 | Integrys Energy Group, Inc. | 183 | ||||||
7,700 | MDU Resources Group, Inc. | 163 | ||||||
11,500 | NiSource, Inc. | 286 | ||||||
4,000 | OGE Energy Corp. | 225 | ||||||
17,677 | PG&E Corp. | 710 | ||||||
21,655 | Public Service Enterprise Group, Inc. | 663 |
See accompanying notes to financial statements.
9
HC CAPITAL TRUST
The Institutional Value Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Multi-Utilities (continued) | ||||||||
4,800 | SCANA Corp. | $ | 219 | |||||
10,300 | Sempra Energy | 731 | ||||||
8,800 | TECO Energy, Inc. | 147 | ||||||
3,800 | Vectren Corp. | 112 | ||||||
9,600 | Wisconsin Energy Corp. | 354 | ||||||
20,800 | Xcel Energy, Inc. | 556 | ||||||
7,814 | ||||||||
Office Real Estate Investment Trusts — 0.16% | ||||||||
2,500 | Alexandria Real Estate Equities, Inc. | 173 | ||||||
6,000 | BioMed Realty Trust, Inc. | 116 | ||||||
7,300 | Brandywine Realty Trust | 89 | ||||||
4,000 | CommonWealth REIT | 63 | ||||||
3,700 | Corporate Office Properties Trust | 92 | ||||||
5,200 | Digital Realty Trust, Inc. | 353 | ||||||
6,300 | Douglas Emmett, Inc. | 147 | ||||||
11,500 | Duke Realty Corp. | 160 | ||||||
3,500 | Kilroy Realty Corp. | 166 | ||||||
4,100 | Mack-Cali Realty Corp. | 107 | ||||||
7,900 | Piedmont Office Realty Trust, Inc., Class – A | 143 | ||||||
1,609 | ||||||||
Office Services & Supplies — 0.11% | ||||||||
20,500 | Avery Dennison Corp. | 716 | ||||||
34,400 | Pitney Bowes, Inc. | 366 | ||||||
1,082 | ||||||||
Oil & Gas Drilling — 0.48% | ||||||||
32,600 | Diamond Offshore Drilling, Inc. | 2,216 | ||||||
49,000 | Helmerich & Payne, Inc. | 2,744 | ||||||
4,960 | ||||||||
Oil & Gas Equipment & Services — 0.67% | ||||||||
127,200 | Halliburton Co. | 4,413 | ||||||
33,300 | National Oilwell Varco, Inc. | 2,276 | ||||||
12,500 | RPC, Inc. | 153 | ||||||
6,842 | ||||||||
Oil & Gas Exploration & Production — 0.80% | ||||||||
141,450 | Encana Corp. | 2,795 | ||||||
31,600 | Royal Dutch Shell PLC – Sponsored ADR | 2,179 | ||||||
95,850 | Southwestern Energy Co. (a) | 3,202 | ||||||
8,176 | ||||||||
Oil & Gas Refining & Marketing — 0.41% | ||||||||
67,283 | Marathon Petroleum Corp. | 4,239 | ||||||
Oil & Gas Storage & Transportation — 1.13% | ||||||||
8,942 | Golar LNG Ltd. | 329 | ||||||
97,613 | Kinder Morgan, Inc. | 3,449 | ||||||
129,400 | Spectra Energy Corp. | 3,543 | ||||||
7,928 | Teekay Shipping Corp. | 254 | ||||||
123,052 | The Williams Cos., Inc. | 4,029 | ||||||
11,604 | ||||||||
Other Diversified Financial Services — 3.83% | ||||||||
418,600 | Bank of America Corp. | 4,856 |
Shares | Security Description | Value (000) | ||||||
Other Diversified Financial Services (continued) | ||||||||
432,350 | Citigroup, Inc. | $ | 17,104 | |||||
396,431 | JPMorgan Chase & Co. | 17,431 | ||||||
39,391 | ||||||||
Packaged Foods & Meats — 2.61% | ||||||||
34,700 | Campbell Soup Co. | 1,211 | ||||||
83,200 | ConAgra Foods, Inc. | 2,454 | ||||||
22,450 | Flowers Foods, Inc. | 522 | ||||||
128,538 | General Mills, Inc. | 5,194 | ||||||
64,000 | H.J. Heinz Co. | 3,692 | ||||||
48,042 | Kellogg Co. | 2,683 | ||||||
60,962 | Kraft Foods, Inc. | 2,772 | ||||||
182,642 | Mondelez International, Inc., Class – A | 4,652 | ||||||
187,100 | Tyson Foods, Inc., Class – A | 3,630 | ||||||
26,810 | ||||||||
Paper Packaging — 0.27% | ||||||||
20,500 | Bemis Co., Inc. | 686 | ||||||
19,200 | Packaging Corp. of America | 739 | ||||||
39,900 | Sealed Air Corp. | 699 | ||||||
20,600 | Sonoco Products Co. | 612 | ||||||
2,736 | ||||||||
Paper Products — 0.45% | ||||||||
88,700 | International Paper Co. | 3,534 | ||||||
34,400 | MeadWestvaco Corp. | 1,096 | ||||||
4,630 | ||||||||
Personal Products — 0.20% | ||||||||
86,000 | Avon Products, Inc. | 1,235 | ||||||
23,500 | Herbalife Ltd. | 774 | ||||||
2,009 | ||||||||
Pharmaceuticals — 8.54% | ||||||||
108,937 | Abbott Laboratories | 7,135 | ||||||
191,300 | AstraZeneca PLC – Sponsored ADR | 9,043 | ||||||
222,315 | Bristol-Myers Squibb Co. | 7,245 | ||||||
159,594 | Eli Lilly & Co. | 7,871 | ||||||
217,264 | Johnson & Johnson | 15,230 | ||||||
167,380 | Merck & Co., Inc. | 6,853 | ||||||
91,050 | Novartis AG – Sponsored ADR | 5,763 | ||||||
1,140,176 | Pfizer, Inc. | 28,596 | ||||||
87,736 | ||||||||
Property & Casualty Insurance — 2.15% | ||||||||
122,900 | ACE Ltd. | 9,808 | ||||||
35,700 | Assured Guaranty Ltd. | 508 | ||||||
22,000 | AXIS Capital Holdings Ltd. | 762 | ||||||
29,100 | Cincinnati Financial Corp. | 1,140 | ||||||
8,500 | Endurance Specialty Holdings Ltd. | 337 | ||||||
124,200 | Fidelity National Financial, Inc., Class – A | 2,925 | ||||||
9,300 | Hanover Insurance Group, Inc. | 360 | ||||||
5,300 | Mercury General Corp. | 210 | ||||||
50,700 | Old Republic International Corp. | 540 | ||||||
76,914 | The Travelers Cos., Inc. | 5,524 | ||||||
22,114 |
See accompanying notes to financial statements.
10
HC CAPITAL TRUST
The Institutional Value Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Publishing — 0.84% | ||||||||
149,238 | Gannett Co., Inc. | $ | 2,688 | |||||
62,900 | The McGraw-Hill Cos., Inc. | 3,438 | ||||||
832 | The Washington Post Co., Class – B | 304 | ||||||
74,471 | Thomson Reuters Corp. | 2,164 | ||||||
8,594 | ||||||||
Railroads — 0.79% | ||||||||
207,800 | CSX Corp. | 4,100 | ||||||
65,818 | Norfolk Southern Corp. | 4,070 | ||||||
8,170 | ||||||||
Regional Banks — 1.91% | ||||||||
9,100 | Bank of Hawaii Corp. | 401 | ||||||
219,687 | BB&T Corp. | 6,395 | ||||||
10,900 | Cullen/Frost Bankers, Inc. | 592 | ||||||
183,700 | Fifth Third Bancorp | 2,790 | ||||||
39,000 | Fulton Financial Corp. | 375 | ||||||
25,400 | M&T Bank Corp. | 2,501 | ||||||
106,709 | PNC Financial Services Group, Inc. | 6,222 | ||||||
40,320 | Valley National Bancorp | 375 | ||||||
19,651 | ||||||||
Reinsurance — 0.48% | ||||||||
40,170 | PartnerRe Ltd. | 3,233 | ||||||
49,100 | Validus Holdings Ltd. | 1,698 | ||||||
4,931 | ||||||||
Residential Real Estate Investment Trusts — 0.21% | ||||||||
3,900 | American Campus Communities, Inc. | 180 | ||||||
6,600 | Apartment Investment & Management Co., Class – A | 178 | ||||||
4,100 | AvalonBay Communities, Inc. | 556 | ||||||
3,400 | BRE Properties, Inc. | 173 | ||||||
3,200 | Camden Property Trust | 218 | ||||||
1,600 | Equity Lifestyle Properties, Inc. | 108 | ||||||
1,600 | Essex Property Trust, Inc. | 235 | ||||||
1,900 | Home Properties, Inc. | 116 | ||||||
1,600 | Mid-America Apartment Communities, Inc. | 104 | ||||||
10,500 | UDR, Inc. | 250 | ||||||
2,118 | ||||||||
Restaurants — 1.15% | ||||||||
25,700 | Darden Restaurants, Inc. | 1,158 | ||||||
120,500 | McDonald's Corp. | 10,630 | ||||||
11,788 | ||||||||
Retail Real Estate Investment Trusts — 0.40% | ||||||||
5,800 | CBL & Associates Properties, Inc. | 123 | ||||||
9,318 | DDR Corp. | 146 | ||||||
2,800 | Federal Realty Investment Trust | 291 | ||||||
17,900 | Kimco Realty Corp. | 346 | ||||||
4,200 | National Retail Properties, Inc. | 131 | ||||||
5,500 | Realty Income Corp. | 221 | ||||||
4,000 | Regency Centers Corp. | 189 | ||||||
3,800 | Retail Properties of America, Inc., Class – A | 46 | ||||||
12,875 | Simon Property Group, Inc. | 2,035 |
Shares | Security Description | Value (000) | ||||||
Retail Real Estate Investment Trusts (continued) | ||||||||
3,600 | Tanger Factory Outlet Centers, Inc. | $ | 123 | |||||
5,800 | The Macerich Co. | 338 | ||||||
5,500 | Weingarten Realty Investors | 147 | ||||||
4,136 | ||||||||
Security & Alarm Services — 0.07% | ||||||||
19,900 | Corrections Corp. of America | 706 | ||||||
Semiconductor Equipment — 1.01% | ||||||||
765,987 | Applied Materials, Inc. | 8,763 | ||||||
33,100 | KLA-Tencor Corp. | 1,581 | ||||||
10,344 | ||||||||
Semiconductors — 3.49% | ||||||||
60,700 | Analog Devices, Inc. | 2,553 | ||||||
33,100 | Cypress Semiconductor Corp. | 359 | ||||||
335,165 | Intel Corp. | 6,914 | ||||||
46,400 | Linear Technology Corp. | 1,592 | ||||||
94,800 | Marvell Technology Group Ltd. | 688 | ||||||
58,200 | Maxim Integrated Products, Inc. | 1,711 | ||||||
39,000 | Microchip Technology, Inc. | 1,271 | ||||||
525,000 | Micron Technology, Inc. (a) | 3,334 | ||||||
503,333 | Texas Instruments, Inc. | 15,573 | ||||||
53,600 | Xilinx, Inc. | 1,924 | ||||||
35,919 | ||||||||
Soft Drinks — 1.76% | ||||||||
42,400 | Dr. Pepper Snapple Group, Inc. | 1,873 | ||||||
107,338 | PepsiCo, Inc. | 7,345 | ||||||
244,060 | The Coca-Cola Co. | 8,847 | ||||||
18,065 | ||||||||
Specialized Consumer Services — 0.10% | ||||||||
55,600 | H&R Block, Inc. | 1,032 | ||||||
Specialized Finance — 0.50% | ||||||||
66,780 | CME Group, Inc. | 3,387 | ||||||
7,300 | Interactive Brokers Group, Inc., Class – A | 100 | ||||||
50,900 | NYSE Euronext | 1,605 | ||||||
5,092 | ||||||||
Specialized Real Estate Investment Trusts — 0.38% | ||||||||
17,700 | HCP, Inc. | 800 | ||||||
9,700 | Health Care REIT, Inc. | 595 | ||||||
5,600 | Hospitality Properties Trust | 131 | ||||||
6,600 | Plum Creek Timber Co., Inc. | 293 | ||||||
6,150 | Public Storage | 891 | ||||||
5,000 | Rayonier, Inc. | 259 | ||||||
7,300 | Senior Housing Properties Trust | 173 | ||||||
12,150 | Ventas, Inc. | 786 | ||||||
3,928 | ||||||||
Specialty Chemicals — 0.93% | ||||||||
141,938 | LyondellBasell Industries NV, Class – A | 8,103 | ||||||
14,200 | Rockwood Holdings, Inc. | 702 | ||||||
26,600 | RPM, Inc. | 781 | ||||||
9,586 | ||||||||
Specialty Stores — 0.16% | ||||||||
142,000 | Staples, Inc. | 1,619 |
See accompanying notes to financial statements.
11
HC CAPITAL TRUST
The Institutional Value Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Steel — 0.48% | ||||||||
29,300 | Cliffs Natural Resources, Inc. | $ | 1,130 | |||||
23,664 | Commercial Metals Co. | 352 | ||||||
64,797 | Nucor Corp. | 2,798 | ||||||
45,613 | Steel Dynamics, Inc. | 626 | ||||||
4,906 | ||||||||
Systems Software — 1.05% | ||||||||
71,000 | CA, Inc. | 1,561 | ||||||
346,252 | Microsoft Corp. | 9,255 | ||||||
10,816 | ||||||||
Thrifts & Mortgage Finance — 0.39% | ||||||||
6,661 | BankUnited, Inc. | 163 | ||||||
33,800 | Capitol Federal Financial, Inc. | 395 | ||||||
73,500 | First Niagara Financial Group, Inc. | 583 | ||||||
104,800 | Hudson City Bancorp, Inc. | 852 | ||||||
87,500 | New York Community Bancorp, Inc. | 1,146 | ||||||
70,400 | People's United Financial, Inc. | 851 | ||||||
3,990 |
Shares or Principal Amount (000) | Security Description | Value (000) | ||||||
Tobacco — 2.74% | ||||||||
353,020 | Altria Group, Inc. | $ | 11,092 | |||||
63,100 | Lorillard, Inc. | 7,362 | ||||||
83,850 | Philip Morris International, Inc. | 7,013 | ||||||
65,667 | Reynolds American, Inc. | 2,721 | ||||||
28,188 | ||||||||
Trading Companies & Distributors — 0.04% | ||||||||
9,500 | GATX Corp. | 411 | ||||||
Trucking — 0.05% | ||||||||
10,400 | Ryder System, Inc. | 519 | ||||||
Water Utilities — 0.04% | ||||||||
7,200 | American Water Works Co., Inc. | 267 | ||||||
6,300 | Aqua America, Inc. | 160 | ||||||
427 | ||||||||
Wireless Telecommunication Services — 0.70% | ||||||||
285,775 | Vodafone Group PLC – Sponsored ADR | 7,199 | ||||||
Total Common Stocks | 1,025,831 | |||||||
Time Deposit — 0.47% | ||||||||
$4,795 | State Street Liquidity Management Control System Time Deposit, 0.01, 1/2/13 | 4,795 | ||||||
Total Time Deposit | 4,795 | |||||||
Mutual Fund — 0.20% | ||||||||
2,018,368 | Alliance Money Market Fund Prime Portfolio, 0.11 (b) | 2,018 | ||||||
Total Mutual Fund | 2,018 | |||||||
Total Investments (cost $941,577) — 100.48% | 1,032,644 | |||||||
Liabilities in excess of other assets — (0.48)% | (4,904) | |||||||
Net Assets — 100.00% | $ | 1,027,740 |
(a) | Represents non-income producing security. |
(b) | The rate disclosed is the rate in effect on December 31, 2012. |
ADR — American Depositary Receipt
REIT — Real Estate Investment Trust
See accompanying notes to financial statements.
12
HC CAPITAL TRUST
The Institutional Value Equity Portfolio
Portfolio of Investments (concluded) — December 31, 2012 (Unaudited)
The following table reflects the percentage of the total net assets of the Portfolio attributable to each Specialist Manager; see Note 3 in the Notes to Financial Statements.
The Institutional Value Equity Portfolio | Alliance Bernstein L.P. | Institutional Capital, LLC | SSgA Funds Management, Inc. | Total | ||||||||||||
Common Stocks | 21.11 | % | 20.00 | % | 58.70 | % | 99.81 | % | ||||||||
Time Deposit | 0.19 | % | 0.28 | % | — | 0.47 | % | |||||||||
Mutual Fund | — | — | 0.20 | % | 0.20 | % | ||||||||||
Other Assets (Liabilities) | -0.46 | % | 0.02 | % | -0.04 | % | -0.48 | % | ||||||||
Total Net Assets | 20.84 | % | 20.30 | % | 58.86 | % | 100.00 | % |
See accompanying notes to financial statements.
13
HC CAPITAL TRUST
The Growth Equity Portfolio
Portfolio of Investments — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks — 99.62% | ||||||||
Advertising — 0.15% | ||||||||
20,951 | Omnicom Group, Inc. | $ | 1,047 | |||||
Aerospace & Defense — 2.69% | ||||||||
4,580 | Engility Holdings, Inc. (a) | 88 | ||||||
24,769 | General Dynamics Corp. | 1,716 | ||||||
7,583 | L-3 Communications Holdings, Inc. | 581 | ||||||
30,685 | Precision Castparts Corp. | 5,812 | ||||||
11,267 | Rockwell Collins, Inc. | 656 | ||||||
23,447 | The Boeing Co. | 1,767 | ||||||
96,724 | United Technologies Corp. | 7,932 | ||||||
18,552 | ||||||||
Air Freight & Logistics — 0.21% | ||||||||
12,686 | C.H. Robinson Worldwide, Inc. | 802 | ||||||
16,562 | Expeditors International of Washington, Inc. | 655 | ||||||
1,457 | ||||||||
Apparel Retail — 1.42% | ||||||||
6,608 | Abercrombie & Fitch Co., Class – A | 317 | ||||||
9,456 | Ascena Retail Group, Inc. (a) | 175 | ||||||
5,095 | Guess?, Inc. | 125 | ||||||
103,089 | Industria de Diseno Textil SA – Unsponsored ADR | 2,941 | ||||||
17,306 | Ross Stores, Inc. | 937 | ||||||
116,944 | The TJX Cos., Inc. | 4,964 | ||||||
7,996 | Urban Outfitters, Inc. (a) | 315 | ||||||
9,774 | ||||||||
Apparel, Accessories & Luxury Goods — 1.50% | ||||||||
12,300 | Burberry Group PLC – Sponsored ADR | 502 | ||||||
56,092 | Coach, Inc. | 3,114 | ||||||
4,107 | Fossil, Inc. (a) | 382 | ||||||
22,839 | Lululemon Athletica, Inc. (a) | 1,741 | ||||||
6,762 | Michael Kors Holdings Ltd. (a) | 345 | ||||||
19,332 | Ralph Lauren Corp. | 2,898 | ||||||
6,254 | Under Armour, Inc., Class – A (a) | 303 | ||||||
6,788 | V.F. Corp. | 1,025 | ||||||
10,310 | ||||||||
Application Software — 1.89% | ||||||||
38,554 | Adobe Systems, Inc. (a) | 1,453 | ||||||
7,179 | ANSYS, Inc. (a) | 483 | ||||||
14,304 | Citrix Systems, Inc. (a) | 940 | ||||||
3,528 | FactSet Research Systems, Inc. | 311 | ||||||
46,151 | Intuit, Inc. | 2,746 | ||||||
15,447 | Salesforce.com, Inc. (a) | 2,597 | ||||||
46,610 | SAP AG – Sponsored ADR | 3,746 | ||||||
4,725 | SolarWinds, Inc. (a) | 248 | ||||||
8,621 | Workday, Inc. Class – A (a) | 470 | ||||||
12,994 | ||||||||
Asset Management & Custody Banks — 1.58% | ||||||||
10,062 | BlackRock, Inc., Class – A | 2,080 | ||||||
7,023 | Federated Investors, Inc., Class – B | 142 | ||||||
10,816 | Franklin Resources, Inc. | 1,360 | ||||||
10,528 | SEI Investments Co. | 246 |
Shares | Security Description | Value (000) | ||||||
Asset Management & Custody Banks (continued) | ||||||||
117,856 | State Street Corp. | $ | 5,540 | |||||
20,008 | T. Rowe Price Group, Inc. | 1,303 | ||||||
6,728 | Waddell & Reed Financial, Inc., Class – A | 234 | ||||||
10,905 | ||||||||
Auto Parts & Equipment — 0.13% | ||||||||
9,938 | BorgWarner, Inc. (a) | 712 | ||||||
11,199 | Gentex Corp. | 211 | ||||||
923 | ||||||||
Automotive Retail — 0.33% | ||||||||
5,588 | Advance Auto Parts, Inc. | 404 | ||||||
2,858 | AutoZone, Inc. (a) | 1,013 | ||||||
9,415 | O'Reilly Automotive, Inc. (a) | 842 | ||||||
2,259 | ||||||||
Biotechnology — 1.82% | ||||||||
21,401 | Alexion Pharmaceuticals, Inc. (a) | 2,008 | ||||||
60,551 | Amgen, Inc. | 5,227 | ||||||
13,663 | Biogen Idec, Inc. (a) | 2,004 | ||||||
21,256 | Gilead Sciences, Inc. (a) | 1,561 | ||||||
42,003 | Vertex Pharmaceuticals, Inc. (a) | 1,761 | ||||||
12,561 | ||||||||
Brewers — 0.54% | ||||||||
89,236 | Companhia de Bebidas das Americas – Sponsored ADR | 3,747 | ||||||
Broadcasting — 0.06% | ||||||||
6,561 | Scripps Networks Interactive., Class – A | 380 | ||||||
Communications Equipment — 3.43% | ||||||||
425,923 | Cisco Systems, Inc. | 8,369 | ||||||
6,112 | F5 Networks, Inc. (a) | 594 | ||||||
235,697 | Qualcomm, Inc. | 14,618 | ||||||
23,581 | ||||||||
Computer & Electronics Retail — 0.04% | ||||||||
20,995 | Best Buy Co., Inc. | 249 | ||||||
Computer Hardware — 4.96% | ||||||||
61,920 | Apple, Inc. | 33,005 | ||||||
115,359 | Dell, Inc. | 1,169 | ||||||
34,174 | ||||||||
Computer Storage & Peripherals — 0.43% | ||||||||
110,877 | EMC Corp. (a) | 2,805 | ||||||
5,888 | Lexmark International, Inc., Class – A | 137 | ||||||
2,942 | ||||||||
Construction & Engineering — 0.09% | ||||||||
8,706 | AECOM Technology Corp. (a) | 207 | ||||||
10,150 | Jacobs Engineering Group, Inc. (a) | 432 | ||||||
639 | ||||||||
Construction & Farm Machinery & Heavy Trucks — 0.31% | ||||||||
28,590 | Joy Global, Inc. | 1,824 | ||||||
3,679 | Wabtec Corp. | 322 | ||||||
2,146 | ||||||||
Consumer Electronics — 0.05% | ||||||||
8,479 | Garmin Ltd. | 346 |
See accompanying notes to financial statements.
14
HC CAPITAL TRUST
The Growth Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Consumer Finance — 0.69% | ||||||||
82,880 | American Express Co. | $ | 4,764 | |||||
Data Processing & Outsourced Services — 4.33% | ||||||||
146,391 | Automatic Data Processing, Inc. | 8,346 | ||||||
9,538 | Broadridge Financial Solutions, Inc. | 218 | ||||||
3,680 | FleetCor Technologies, Inc. (a) | 197 | ||||||
5,988 | Global Payments, Inc. | 271 | ||||||
6,690 | Jack Henry & Associates, Inc. | 263 | ||||||
6,527 | Lender Processing Services, Inc. | 161 | ||||||
9,405 | MasterCard, Inc., Class – A | 4,620 | ||||||
5,140 | NeuStar, Inc., Class – A (a) | 216 | ||||||
25,229 | Paychex, Inc. | 786 | ||||||
12,511 | Total System Services, Inc. | 268 | ||||||
91,141 | Visa, Inc., Class – A | 13,815 | ||||||
48,189 | Western Union Co. | 656 | ||||||
29,817 | ||||||||
Department Stores — 0.12% | ||||||||
18,991 | Kohl's Corp. | 816 | ||||||
Distillers & Vintners — 0.10% | ||||||||
11,363 | Brown-Forman Corp., Class – B | 719 | ||||||
Distributors — 0.11% | ||||||||
12,013 | Genuine Parts Co. | 764 | ||||||
Diversified Support Services — 0.08% | ||||||||
8,479 | Cintas Corp. | 347 | ||||||
7,804 | Copart, Inc. (a) | 230 | ||||||
577 | ||||||||
Drug Retail — 1.05% | ||||||||
98,117 | CVS Caremark Corp. | 4,744 | ||||||
66,490 | Walgreen Co. | 2,461 | ||||||
7,205 | ||||||||
Education Services — 0.03% | ||||||||
7,934 | Apollo Group, Inc., Class – A (a) | 166 | ||||||
1,901 | ITT Educational Services, Inc. (a) | 33 | ||||||
199 | ||||||||
Electrical Components & Equipment — 0.95% | ||||||||
18,848 | AMETEK, Inc. | 708 | ||||||
9,512 | Eaton Corp. PLC | 516 | ||||||
57,467 | Emerson Electric Co. | 3,043 | ||||||
4,528 | Hubbell, Inc., Class – B | 383 | ||||||
17,115 | Roper Industries, Inc. | 1,908 | ||||||
6,558 | ||||||||
Electronic Components — 0.14% | ||||||||
12,588 | Amphenol Corp., Class – A | 814 | ||||||
3,887 | Dolby Laboratories, Inc., Class – A | 114 | ||||||
928 | ||||||||
Electronic Equipment & Instruments — 0.07% | ||||||||
11,962 | FLIR Systems, Inc. | 267 | ||||||
7,226 | National Instruments Corp. | 186 | ||||||
453 |
Shares | Security Description | Value (000) | ||||||
Environmental & Facilities Services (continued) | ||||||||
4,862 | Rollins, Inc. | 107 | ||||||
6,602 | Stericycle, Inc. (a) | $ | 616 | |||||
9,356 | Waste Connections, Inc. | 316 | ||||||
1,039 | ||||||||
Fertilizers & Agricultural Chemicals — 1.47% | ||||||||
107,077 | Monsanto Co. | 10,135 | ||||||
Food Distributors — 0.21% | ||||||||
46,205 | Sysco Corp. | 1,463 | ||||||
Food Retail — 0.55% | ||||||||
2,130 | The Fresh Market, Inc. (a) | 102 | ||||||
40,563 | Whole Foods Market, Inc. | 3,705 | ||||||
3,807 | ||||||||
Footwear — 0.86% | ||||||||
3,366 | Deckers Outdoor Corp. (a) | 135 | ||||||
112,300 | NIKE, Inc., Class – B | 5,795 | ||||||
5,930 | ||||||||
General Merchandise Stores — 0.28% | ||||||||
17,877 | Dollar Tree, Inc. (a) | 725 | ||||||
19,404 | Family Dollar Stores, Inc. | 1,231 | ||||||
1,956 | ||||||||
Health Care Distributors — 1.33% | ||||||||
19,628 | AmerisourceBergen Corp. | 847 | ||||||
105,674 | Express Scripts Holding Co. (a) | 5,706 | ||||||
7,143 | Henry Schein, Inc. (a) | 575 | ||||||
18,213 | McKesson Corp. | 1,766 | ||||||
7,263 | Patterson Cos., Inc. | 249 | ||||||
9,143 | ||||||||
Health Care Equipment — 3.11% | ||||||||
42,734 | Baxter International, Inc. | 2,849 | ||||||
15,854 | Becton, Dickinson & Co. | 1,240 | ||||||
6,576 | C.R. Bard, Inc. | 643 | ||||||
37,711 | Covidien PLC | 2,177 | ||||||
8,941 | Edwards Lifesciences Corp. (a) | 806 | ||||||
4,389 | IDEXX Laboratories, Inc. (a) | 407 | ||||||
11,715 | Intuitive Surgical, Inc. (a) | 5,745 | ||||||
81,255 | Medtronic, Inc. | 3,333 | ||||||
11,080 | ResMed, Inc. | 460 | ||||||
24,404 | St. Jude Medical, Inc. | 882 | ||||||
24,260 | Stryker Corp. | 1,330 | ||||||
8,656 | Varian Medical Systems, Inc. (a) | 608 | ||||||
13,680 | Zimmer Holdings, Inc. | 912 | ||||||
21,392 | ||||||||
Health Care Services — 0.24% | ||||||||
7,467 | Laboratory Corp. of America Holdings (a) | 647 | ||||||
3,804 | MEDNAX, Inc. (a) | 302 | ||||||
11,799 | Quest Diagnostics, Inc. | 688 | ||||||
1,637 | ||||||||
Health Care Supplies — 0.06% | ||||||||
11,194 | Dentsply International, Inc. | 443 | ||||||
Health Care Technology — 0.90% | ||||||||
79,435 | Cerner Corp. (a) | 6,167 |
See accompanying notes to financial statements.
15
HC CAPITAL TRUST
The Growth Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Home Improvement Retail — 1.07% | ||||||||
119,042 | The Home Depot, Inc. | $ | 7,363 | |||||
Homefurnishing Retail — 0.17% | ||||||||
5,815 | Aaron's, Inc. | 165 | ||||||
18,050 | Bed Bath & Beyond, Inc. (a) | 1,009 | ||||||
1,174 | ||||||||
Hotels, Resorts & Cruise Lines — 0.52% | ||||||||
62,030 | Starwood Hotels & Resorts Worldwide, Inc. | 3,558 | ||||||
Household Products — 3.99% | ||||||||
10,802 | Church & Dwight Co., Inc. | 579 | ||||||
109,389 | Colgate-Palmolive Co. | 11,436 | ||||||
30,424 | Kimberly-Clark Corp. | 2,569 | ||||||
10,031 | The Clorox Co. | 734 | ||||||
179,262 | The Procter & Gamble Co. | 12,170 | ||||||
27,488 | ||||||||
Human Resource & Employment Services — 0.04% | ||||||||
4,661 | Towers Watson & Co., Class – A | 262 | ||||||
Hypermarkets & Super Centers — 2.20% | ||||||||
63,118 | Costco Wholesale Corp. | 6,234 | ||||||
130,987 | Wal-Mart Stores, Inc. | 8,937 | ||||||
15,171 | ||||||||
Industrial Conglomerates — 0.74% | ||||||||
54,701 | 3M Co. | 5,079 | ||||||
Industrial Gases — 1.05% | ||||||||
65,977 | Praxair, Inc. | 7,221 | ||||||
Industrial Machinery — 0.90% | ||||||||
45,629 | Danaher Corp. | 2,551 | ||||||
11,301 | Donaldson Co., Inc. | 371 | ||||||
6,440 | IDEX Corp. | 300 | ||||||
33,158 | Illinois Tool Works, Inc. | 2,016 | ||||||
8,917 | Pall Corp. | 537 | ||||||
14,954 | Xylem, Inc. | 405 | ||||||
6,180 | ||||||||
Insurance Brokers — 0.03% | ||||||||
8,967 | Brown & Brown, Inc. | 228 | ||||||
Integrated Oil & Gas — 3.70% | ||||||||
108,727 | Chevron Corp. | 11,758 | ||||||
158,364 | Exxon Mobil Corp. | 13,705 | ||||||
25,463 | ||||||||
Internet Retail — 1.32% | ||||||||
27,509 | Amazon.com, Inc. (a) | 6,909 | ||||||
3,130 | Priceline.com, Inc. (a) | 1,944 | ||||||
6,313 | TripAdvisor, Inc. (a) | 265 | ||||||
9,118 | ||||||||
Internet Software & Services — 6.91% | ||||||||
12,631 | Baidu, Inc. – Sponsored ADR (a) | 1,267 | ||||||
255,622 | eBay, Inc. (a) | 13,042 | ||||||
85,135 | Facebook, Inc., Class – A (a) | 2,267 | ||||||
35,976 | Google, Inc., Class – A (a) | 25,520 | ||||||
18,619 | LinkedIn Corp., Class – A (a) | 2,138 | ||||||
25,020 | Rackspace Hosting, Inc. (a) | 1,858 |
Shares | Security Description | Value (000) | ||||||
Internet Software & Services (continued) | ||||||||
21,773 | Splunk, Inc. (a) | $ | 632 | |||||
21,326 | Tencent Holdings Ltd. – ADR | 696 | ||||||
7,005 | Youku, Inc. – Sponsored ADR (a) | 128 | ||||||
47,548 | ||||||||
Investment Banking & Brokerage — 0.55% | ||||||||
17,460 | Goldman Sachs Group, Inc. | 2,227 | ||||||
80,661 | Morgan Stanley | 1,542 | ||||||
3,769 | ||||||||
IT Consulting & Other Services — 3.09% | ||||||||
49,867 | Accenture PLC, Class – A | 3,316 | ||||||
24,102 | Cognizant Technology Solutions Corp. (a) | 1,785 | ||||||
74,950 | International Business Machines Corp. | 14,356 | ||||||
22,004 | SAIC, Inc. | 249 | ||||||
24,847 | Teradata Corp. (a) | 1,538 | ||||||
21,244 | ||||||||
Leisure Products — 0.06% | ||||||||
5,094 | Polaris Industries, Inc. | 429 | ||||||
Life & Health Insurance — 0.06% | ||||||||
7,586 | Torchmark Corp. | 392 | ||||||
Life Sciences Tools & Services — 0.59% | ||||||||
17,747 | Agilent Technologies, Inc. | 726 | ||||||
4,259 | Covance, Inc. (a) | 246 | ||||||
2,505 | Mettler-Toledo International, Inc. (a) | 484 | ||||||
2,792 | Techne Corp. | 191 | ||||||
28,564 | Thermo Electron Corp. | 1,822 | ||||||
6,894 | Waters Corp. (a) | 601 | ||||||
4,070 | ||||||||
Managed Health Care — 1.20% | ||||||||
12,742 | Humana, Inc. | 875 | ||||||
107,044 | UnitedHealth Group, Inc. | 5,806 | ||||||
25,919 | WellPoint, Inc. | 1,579 | ||||||
8,260 | ||||||||
Marine — 0.04% | ||||||||
4,651 | Kirby Corp. (a) | 288 | ||||||
Metal & Glass Containers — 0.04% | ||||||||
5,114 | AptarGroup, Inc. | 244 | ||||||
Movies & Entertainment — 0.28% | ||||||||
38,622 | The Walt Disney Co. | 1,923 | ||||||
Office Electronics — 0.02% | ||||||||
4,000 | Zebra Technologies Corp., Class – A (a) | 157 | ||||||
Oil & Gas Equipment & Services — 2.28% | ||||||||
1,578 | CARBO Ceramics, Inc. | 124 | ||||||
18,854 | FMC Technologies, Inc. (a) | 808 | ||||||
124,263 | National Oilwell Varco, Inc. | 8,493 | ||||||
8,425 | Oceaneering International, Inc. | 453 | ||||||
83,954 | Schlumberger Ltd. | 5,817 | ||||||
15,695 | ||||||||
Oil & Gas Exploration & Production — 0.43% | ||||||||
21,160 | Concho Resources, Inc. (a) | 1,705 | ||||||
10,137 | EOG Resources, Inc. | 1,224 | ||||||
$ | 2,929 |
See accompanying notes to financial statements.
16
HC CAPITAL TRUST
The Growth Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Oil & Gas Refining & Marketing — 0.03% | ||||||||
5,492 | World Fuel Services Corp. | $ | 226 | |||||
Packaged Foods & Meats — 1.52% | ||||||||
267,589 | DANONE SA – Sponsored ADR | 3,583 | ||||||
9,576 | Flowers Foods, Inc. | 223 | ||||||
24,957 | H.J. Heinz Co. | 1,440 | ||||||
10,451 | Hormel Foods Corp. | 326 | ||||||
18,830 | Kellogg Co. | 1,052 | ||||||
10,300 | McCormick & Co., Inc. | 654 | ||||||
15,957 | Mead Johnson Nutrition Co. | 1,051 | ||||||
55,427 | Mondelez International, Inc., Class – A | 1,412 | ||||||
8,628 | The J.M. Smucker Co. | 744 | ||||||
10,485 | ||||||||
Personal Products — 0.50% | ||||||||
4,383 | Nu Skin Enterprises, Inc., Class – A | 162 | ||||||
55,042 | The Estee Lauder Cos., Inc., Class – A | 3,295 | ||||||
3,457 | ||||||||
Pharmaceuticals — 8.80% | ||||||||
141,532 | Abbott Laboratories | 9,270 | ||||||
46,077 | Allergan, Inc. | 4,227 | ||||||
52,243 | Bristol-Myers Squibb Co. | 1,703 | ||||||
79,462 | Eli Lilly & Co. | 3,919 | ||||||
20,532 | Forest Laboratories, Inc. (a) | 725 | ||||||
12,959 | Hospira, Inc. (a) | 405 | ||||||
168,681 | Johnson & Johnson | 11,824 | ||||||
226,602 | Merck & Co., Inc. | 9,277 | ||||||
167,869 | Mylan, Inc. (a) | 4,613 | ||||||
37,853 | Novo Nordisk A/S – Sponsored ADR | 6,178 | ||||||
57,543 | Perrigo Co. | 5,986 | ||||||
26,587 | Shire PLC – Sponsored ADR | 2,451 | ||||||
60,578 | ||||||||
Publishing — 0.21% | ||||||||
4,002 | John Wiley & Sons, Inc., Class – A | 156 | ||||||
2,120 | Morningstar, Inc. | 133 | ||||||
21,668 | The McGraw-Hill Cos., Inc. | 1,185 | ||||||
1,474 | ||||||||
Railroads — 0.48% | ||||||||
2,526 | Canadian Pacific Railway Ltd. | 257 | ||||||
8,399 | Kansas City Southern | 701 | ||||||
18,787 | Union Pacific Corp. | 2,362 | ||||||
3,320 | ||||||||
Regional Banks — 0.03% | ||||||||
4,129 | Cullen/Frost Bankers, Inc. | 224 | ||||||
Research and Consulting Services — 0.16% | ||||||||
9,295 | Equifax, Inc. | 503 | ||||||
11,439 | Versik Analytics, Inc., Class – A (a) | 583 | ||||||
1,086 | ||||||||
Restaurants — 4.34% | ||||||||
5,655 | Chipotle Mexican Grill, Inc. (a) | 1,682 | ||||||
10,084 | Darden Restaurants, Inc. | 454 | ||||||
44,521 | Dunkin' Brands Group, Inc. | 1,477 |
Shares | Security Description | Value (000) | ||||||
Restaurants (continued) | ||||||||
76,760 | McDonald's Corp. | $ | 6,771 | |||||
6,716 | Panera Bread Co., Class – A (a) | 1,067 | ||||||
163,413 | Starbucks Corp. | 8,762 | ||||||
146,034 | YUM! Brands, Inc. | 9,697 | ||||||
29,910 | ||||||||
Semiconductors — 1.77% | ||||||||
25,289 | Altera Corp. | 871 | ||||||
35,694 | ARM Holdings PLC – Sponsored ADR | 1,350 | ||||||
37,060 | Avago Technologies Ltd. | 1,174 | ||||||
400,533 | Intel Corp. | 8,263 | ||||||
15,190 | Microchip Technology, Inc. | 495 | ||||||
12,153 | ||||||||
Soft Drinks — 3.74% | ||||||||
11,187 | Monster Beverage Corp. (a) | 591 | ||||||
121,798 | PepsiCo, Inc. | 8,335 | ||||||
463,964 | The Coca-Cola Co. | 16,819 | ||||||
25,745 | ||||||||
Specialized Finance — 0.13% | ||||||||
6,675 | CBOE Holdings, Inc. | 197 | ||||||
5,648 | InterContinental Exchange, Inc. (a) | 699 | ||||||
896 | ||||||||
Specialized Real Estate Investment Trust — 0.44% | ||||||||
38,809 | American Tower Corp. | 2,999 | ||||||
Specialty Chemicals — 1.49% | ||||||||
113,082 | Ecolab, Inc. | 8,131 | ||||||
6,328 | International Flavors & Fragrances, Inc. | 421 | ||||||
9,315 | Sigma-Aldrich Corp. | 685 | ||||||
6,711 | The Sherwin-Williams Co. | 1,032 | ||||||
10,269 | ||||||||
Specialty Stores — 0.42% | ||||||||
7,241 | Dick's Sporting Goods, Inc. | 330 | ||||||
8,263 | PetSmart, Inc. | 565 | ||||||
6,559 | Signet Jewelers Ltd. | 350 | ||||||
54,486 | Staples, Inc. | 621 | ||||||
9,946 | Tiffany & Co. | 570 | ||||||
4,893 | Ulta Salon, Cosmetics & Fragrance, Inc. | 481 | ||||||
2,917 | ||||||||
Systems Software — 3.13% | ||||||||
12,550 | BMC Software, Inc. (a) | 498 | ||||||
6,393 | MICROS Systems, Inc. (a) | 271 | ||||||
300,542 | Oracle Corp. | 10,014 | ||||||
150,001 | Red Hat, Inc. (a) | 7,944 | ||||||
29,855 | VMware, Inc., Class – A (a) | 2,811 | ||||||
21,538 | ||||||||
Tobacco — 1.72% | ||||||||
10,134 | Lorillard, Inc. | 1,182 | ||||||
127,089 | Philip Morris International, Inc. | 10,630 | ||||||
11,812 |
See accompanying notes to financial statements.
17
HC CAPITAL TRUST
The Growth Equity Portfolio
Portfolio of Investments (concluded) — December 31, 2012 (Unaudited)
Shares or Principal Amount (000) | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Trading Companies & Distributors — 0.71% | ||||||||
80,034 | Fastenal Co. | $ | 3,737 | |||||
3,387 | MSC Industrial Direct Co., Inc., Class – A | 255 | ||||||
4,417 | W.W. Grainger, Inc. | 894 | ||||||
4,886 | ||||||||
Trucking — 0.03% | ||||||||
3,571 | Landstar System, Inc. | 187 | ||||||
Wireless Telecommunication Services — 0.23% | ||||||||
21,657 | Crown Castle International Corp. (a) | 1,563 | ||||||
Total Common Stocks | 685,876 | |||||||
Time Deposit — 0.06% | ||||||||
$397 | State Street Liquidity Management Control System Time Deposit, 0.01%, 1/2/13 | 397 | ||||||
Total Time Deposit | 397 |
Shares | Security Description | Value (000) | ||||||
Mutual Fund — 0.14% | ||||||||
970,000 | Alliance Money Market Fund Prime Portfolio, 0.11% (b) | $ | 970 | |||||
Total Mutual Fund | 970 | |||||||
Total Investments (cost $518,326) — 99.82% | 687,243 | |||||||
Other assets in excess of liabilities — 0.18% | 1,265 | |||||||
Net Assets — 100.00% | $ | 688,508 |
(a) | Represents non-income producing security. |
(b) | The rate disclosed is the rate in effect on December 31, 2012. |
ADR — American Depositary Receipt
The following table reflects the percentage of the total net assets of the Portfolio attributable to each Specialist Manager; see Note 3 in the Notes to Financial Statements.
The Growth Equity Portfolio | Jennison Associates LLC | SSgA Funds Management, Inc. | Sustainable Growth Advisers | Total | ||||||||||||
Common Stocks | 19.73 | % | 57.63 | % | 22.26 | % | 99.62 | % | ||||||||
Time Deposit | — | — | 0.06 | % | 0.06 | % | ||||||||||
Mutual Fund | — | 0.14 | % | — | 0.14 | % | ||||||||||
Other Assets (Liabilities) | 0.20 | % | -0.03 | % | 0.01 | % | 0.18 | % | ||||||||
Total Net Assets | 19.93 | % | 57.74 | % | 22.33 | % | 100.00 | % |
See accompanying notes to financial statements.
18
HC CAPITAL TRUST
The Institutional Growth Equity Portfolio
Portfolio of Investments — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks — 82.87% | ||||||||
Advertising — 0.15% | ||||||||
32,143 | Omnicom Group, Inc. | $ | 1,606 | |||||
Aerospace & Defense — 2.33% | ||||||||
7,028 | Engility Holdings, Inc. (a) | 135 | ||||||
38,049 | General Dynamics Corp. | 2,636 | ||||||
11,583 | L-3 Communications Holdings, Inc. | 887 | ||||||
35,221 | Precision Castparts Corp. | 6,672 | ||||||
17,337 | Rockwell Collins, Inc. | 1,008 | ||||||
25,327 | The Boeing Co. | 1,909 | ||||||
134,839 | United Technologies Corp. | 11,058 | ||||||
24,305 | ||||||||
Air Freight & Logistics — 0.21% | ||||||||
19,513 | C.H. Robinson Worldwide, Inc. | 1,234 | ||||||
25,308 | Expeditors International of Washington, Inc. | 1,001 | ||||||
2,235 | ||||||||
Apparel Retail — 1.13% | ||||||||
10,140 | Abercrombie & Fitch Co., Class – A | 486 | ||||||
14,510 | Ascena Retail Group, Inc. (a) | 268 | ||||||
7,819 | Guess?, Inc. | 192 | ||||||
96,844 | Industria de Diseno Textil SA – Unsponsored ADR | 2,763 | ||||||
26,750 | Ross Stores, Inc. | 1,449 | ||||||
143,904 | The TJX Cos., Inc. | 6,109 | ||||||
12,270 | Urban Outfitters, Inc. (a) | 483 | ||||||
11,750 | ||||||||
Apparel, Accessories & Luxury Goods — 1.16% | ||||||||
10,728 | Burberry Group PLC – Sponsored ADR | 438 | ||||||
67,184 | Coach, Inc. | 3,729 | ||||||
6,402 | Fossil, Inc. (a) | 596 | ||||||
21,428 | Lululemon Athletica, Inc. (a) | 1,633 | ||||||
10,376 | Michael Kors Holdings Ltd. (a) | 529 | ||||||
20,884 | Ralph Lauren Corp. | 3,131 | ||||||
9,560 | Under Armour, Inc., Class – A (a) | 464 | ||||||
10,364 | V.F. Corp. | 1,565 | ||||||
12,085 | ||||||||
Application Software — 1.43% | ||||||||
59,096 | Adobe Systems, Inc. (a) | 2,227 | ||||||
11,063 | ANSYS, Inc. (a) | 745 | ||||||
21,843 | Citrix Systems, Inc. (a) | 1,436 | ||||||
5,414 | FactSet Research Systems, Inc. | 477 | ||||||
56,939 | Intuit, Inc. | 3,388 | ||||||
14,461 | Salesforce.com, Inc. (a) | 2,431 | ||||||
42,780 | SAP AG – Sponsored ADR | 3,439 | ||||||
7,251 | SolarWinds, Inc. (a) | 380 | ||||||
7,991 | Workday, Inc. Class – A (a) | 435 | ||||||
14,958 |
Shares | Security Description | Value (000) | ||||||
Asset Management & Custody Banks — 1.20% | ||||||||
15,391 | BlackRock, Inc., Class – A | $ | 3,181 | |||||
10,777 | Federated Investors, Inc., Class – B | 218 | ||||||
16,645 | Franklin Resources, Inc. | 2,092 | ||||||
16,157 | SEI Investments Co. | 377 | ||||||
91,123 | State Street Corp. | 4,284 | ||||||
30,643 | T. Rowe Price Group, Inc. | 1,996 | ||||||
10,324 | Waddell & Reed Financial, Inc., Class – A | 360 | ||||||
12,508 | ||||||||
Auto Parts & Equipment — 0.10% | ||||||||
9,440 | BorgWarner, Inc. (a) | 676 | ||||||
17,186 | Gentex Corp. | 324 | ||||||
1,000 | ||||||||
Automotive Retail — 0.33% | ||||||||
8,521 | Advance Auto Parts, Inc. | 617 | ||||||
4,413 | AutoZone, Inc. (a) | 1,564 | ||||||
14,594 | O'Reilly Automotive, Inc. (a) | 1,305 | ||||||
3,486 | ||||||||
Biotechnology — 1.44% | ||||||||
20,732 | Alexion Pharmaceuticals, Inc. (a) | 1,945 | ||||||
92,892 | Amgen, Inc. | 8,018 | ||||||
12,912 | Biogen Idec, Inc. (a) | 1,894 | ||||||
20,235 | Gilead Sciences, Inc. (a) | 1,486 | ||||||
40,213 | Vertex Pharmaceuticals, Inc. (a) | 1,687 | ||||||
15,030 | ||||||||
Brewers — 0.29% | ||||||||
72,790 | Companhia de Bebidas das Americas – Sponsored ADR | 3,056 | ||||||
Broadcasting — 0.06% | ||||||||
10,268 | Scripps Networks Interactive., Class – A | 595 | ||||||
Communications Equipment — 3.05% | ||||||||
653,611 | Cisco Systems, Inc. | 12,843 | ||||||
9,426 | F5 Networks, Inc. (a) | 916 | ||||||
291,018 | Qualcomm, Inc. | 18,049 | ||||||
31,808 | ||||||||
Computer & Electronics Retail — 0.04% | ||||||||
32,218 | Best Buy Co., Inc. | 382 | ||||||
Computer Hardware — 4.06% | ||||||||
76,219 | Apple, Inc. | 40,627 | ||||||
177,638 | Dell, Inc. | 1,800 | ||||||
42,427 | ||||||||
Computer Storage & Peripherals — 0.27% | ||||||||
103,855 | EMC Corp. (a) | 2,628 | ||||||
9,035 | Lexmark International, Inc., Class – A | 209 | ||||||
2,837 | ||||||||
Construction & Engineering — 0.09% | ||||||||
13,360 | AECOM Technology Corp. (a) | 318 | ||||||
15,469 | Jacobs Engineering Group, Inc. (a) | 659 |
See accompanying notes to financial statements.
19
HC CAPITAL TRUST
The Institutional Growth Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Construction & Engineering (continued) | ||||||||
$ | 977 | |||||||
Construction & Farm Machinery & Heavy Trucks — 0.19% | ||||||||
23,240 | Joy Global, Inc. | 1,482 | ||||||
5,645 | Wabtec Corp. | 494 | ||||||
1,976 | ||||||||
Consumer Electronics — 0.05% | ||||||||
13,111 | Garmin Ltd. | 535 | ||||||
Consumer Finance — 0.37% | ||||||||
67,740 | American Express Co. | 3,894 | ||||||
Data Processing & Outsourced Services — 3.19% | ||||||||
148,352 | Automatic Data Processing, Inc. | 8,457 | ||||||
14,637 | Broadridge Financial Solutions, Inc. | 335 | ||||||
5,648 | FleetCor Technologies, Inc. (a) | 303 | ||||||
9,188 | Global Payments, Inc. | 416 | ||||||
10,267 | Jack Henry & Associates, Inc. | 403 | ||||||
10,016 | Lender Processing Services, Inc. | 247 | ||||||
8,981 | MasterCard, Inc., Class – A | 4,412 | ||||||
7,888 | NeuStar, Inc., Class – A (a) | 331 | ||||||
38,555 | Paychex, Inc. | 1,201 | ||||||
19,198 | Total System Services, Inc. | 411 | ||||||
104,460 | Visa, Inc., Class – A | 15,834 | ||||||
74,189 | Western Union Co. | 1,010 | ||||||
33,360 | ||||||||
Department Stores — 0.12% | ||||||||
29,136 | Kohl's Corp. | 1,252 | ||||||
Distillers & Vintners — 0.11% | ||||||||
17,486 | Brown-Forman Corp., Class – B | 1,106 | ||||||
Distributors — 0.11% | ||||||||
18,481 | Genuine Parts Co. | 1,175 | ||||||
Diversified Support Services — 0.08% | ||||||||
13,011 | Cintas Corp. | 532 | ||||||
11,976 | Copart, Inc. (a) | 353 | ||||||
885 | ||||||||
Drug Retail — 1.06% | ||||||||
150,572 | CVS Caremark Corp. | 7,280 | ||||||
102,005 | Walgreen Co. | 3,775 | ||||||
11,055 | ||||||||
Education Services — 0.03% | ||||||||
12,175 | Apollo Group, Inc., Class – A (a) | 255 | ||||||
2,918 | ITT Educational Services, Inc. (a) | 50 | ||||||
305 | ||||||||
Electrical Components & Equipment — 0.91% | ||||||||
28,917 | AMETEK, Inc. | 1,086 | ||||||
14,634 | Eaton Corp. PLC | 793 | ||||||
87,958 | Emerson Electric Co. | 4,658 |
Shares | Security Description | Value (000) | ||||||
Electrical Components & Equipment (continued) | ||||||||
7,148 | Hubbell, Inc., Class – B | $ | 605 | |||||
21,355 | Roper Industries, Inc. | 2,381 | ||||||
9,523 | ||||||||
Electronic Components — 0.14% | ||||||||
19,364 | Amphenol Corp., Class – A | 1,253 | ||||||
5,965 | Dolby Laboratories, Inc., Class – A | 175 | ||||||
1,428 | ||||||||
Electronic Equipment & Instruments — 0.07% | ||||||||
18,356 | FLIR Systems, Inc. | 410 | ||||||
11,088 | National Instruments Corp. | 286 | ||||||
696 | ||||||||
Environmental & Facilities Services — 0.15% | ||||||||
7,461 | Rollins, Inc. | 165 | ||||||
10,078 | Stericycle, Inc. (a) | 940 | ||||||
14,358 | Waste Connections, Inc. | 485 | ||||||
1,590 | ||||||||
Fertilizers & Agricultural Chemicals — 0.81% | ||||||||
89,790 | Monsanto Co. | 8,499 | ||||||
Food Distributors — 0.21% | ||||||||
70,883 | Sysco Corp. | 2,244 | ||||||
Food Retail — 0.42% | ||||||||
3,269 | The Fresh Market, Inc. (a) | 157 | ||||||
46,421 | Whole Foods Market, Inc. | 4,240 | ||||||
4,397 | ||||||||
Footwear — 0.71% | ||||||||
5,114 | Deckers Outdoor Corp. (a) | 206 | ||||||
138,851 | NIKE, Inc., Class – B | 7,165 | ||||||
7,371 | ||||||||
General Merchandise Stores — 0.25% | ||||||||
27,427 | Dollar Tree, Inc. (a) | 1,113 | ||||||
22,820 | Family Dollar Stores, Inc. | 1,447 | ||||||
2,560 | ||||||||
Health Care Distributors — 1.21% | ||||||||
30,114 | AmerisourceBergen Corp. | 1,300 | ||||||
136,322 | Express Scripts Holding Co. (a) | 7,361 | ||||||
11,009 | Henry Schein, Inc. (a) | 886 | ||||||
27,943 | McKesson Corp. | 2,709 | ||||||
11,146 | Patterson Cos., Inc. | 382 | ||||||
12,638 | ||||||||
Health Care Equipment — 2.87% | ||||||||
65,711 | Baxter International, Inc. | 4,380 | ||||||
24,421 | Becton, Dickinson & Co. | 1,910 | ||||||
10,038 | C.R. Bard, Inc. | 981 | ||||||
57,907 | Covidien PLC | 3,344 | ||||||
13,668 | Edwards Lifesciences Corp. (a) | 1,232 | ||||||
6,682 | IDEXX Laboratories, Inc. (a) | 620 |
See accompanying notes to financial statements.
20
HC CAPITAL TRUST
The Institutional Growth Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Health Care Equipment (continued) | ||||||||
12,044 | Intuitive Surgical, Inc. (a) | $ | 5,906 | |||||
124,702 | Medtronic, Inc. | 5,115 | ||||||
16,996 | ResMed, Inc. | 707 | ||||||
37,542 | St. Jude Medical, Inc. | 1,357 | ||||||
37,215 | Stryker Corp. | 2,040 | ||||||
13,229 | Varian Medical Systems, Inc. (a) | 929 | ||||||
21,039 | Zimmer Holdings, Inc. | 1,402 | ||||||
29,923 | ||||||||
Health Care Services — 0.24% | ||||||||
11,404 | Laboratory Corp. of America Holdings (a) | 988 | ||||||
5,838 | MEDNAX, Inc. (a) | 464 | ||||||
18,153 | Quest Diagnostics, Inc. | 1,058 | ||||||
2,510 | ||||||||
Health Care Supplies — 0.07% | ||||||||
17,172 | Dentsply International, Inc. | 680 | ||||||
Health Care Technology — 0.55% | ||||||||
73,592 | Cerner Corp. (a) | 5,714 | ||||||
Home Improvement Retail — 1.08% | ||||||||
182,622 | The Home Depot, Inc. | 11,295 | ||||||
Homefurnishing Retail — 0.17% | ||||||||
8,923 | Aaron's, Inc. | 252 | ||||||
27,892 | Bed Bath & Beyond, Inc. (a) | 1,560 | ||||||
1,812 | ||||||||
Hotels, Resorts & Cruise Lines — 0.27% | ||||||||
49,010 | Starwood Hotels & Resorts Worldwide, Inc. | 2,811 | ||||||
Household Products — 3.55% | ||||||||
16,469 | Church & Dwight Co., Inc. | 882 | ||||||
119,299 | Colgate-Palmolive Co. | 12,471 | ||||||
46,774 | Kimberly-Clark Corp. | 3,949 | ||||||
15,540 | The Clorox Co. | 1,138 | ||||||
275,159 | The Procter & Gamble Co. | 18,681 | ||||||
37,121 | ||||||||
Human Resource & Employment Services — 0.04% | ||||||||
7,153 | Towers Watson & Co., Class – A | 402 | ||||||
Hypermarkets & Super Centers — 2.07% | ||||||||
79,742 | Costco Wholesale Corp. | 7,876 | ||||||
200,999 | Wal-Mart Stores, Inc. | 13,714 | ||||||
21,590 | ||||||||
Industrial Conglomerates — 0.75% | ||||||||
83,967 | 3M Co. | 7,796 | ||||||
Industrial Gases — 0.79% | ||||||||
75,222 | Praxair, Inc. | 8,233 | ||||||
Industrial Machinery — 0.91% | ||||||||
70,053 | Danaher Corp. | 3,916 | ||||||
17,541 | Donaldson Co., Inc. | 576 |
Shares | Security Description | Value (000) | ||||||
Industrial Machinery (continued) | ||||||||
9,883 | IDEX Corp. | $ | 460 | |||||
50,839 | Illinois Tool Works, Inc. | 3,092 | ||||||
13,730 | Pall Corp. | 827 | ||||||
22,855 | Xylem, Inc. | 619 | ||||||
9,490 | ||||||||
Insurance Brokers — 0.03% | ||||||||
13,761 | Brown & Brown, Inc. | 350 | ||||||
Integrated Oil & Gas — 3.74% | ||||||||
166,899 | Chevron Corp. | 18,048 | ||||||
243,050 | Exxon Mobil Corp. | 21,036 | ||||||
39,084 | ||||||||
Internet Retail — 0.80% | ||||||||
24,567 | Amazon.com, Inc. (a) | 6,170 | ||||||
2,913 | Priceline.com, Inc. (a) | 1,810 | ||||||
9,687 | TripAdvisor, Inc. (a) | 406 | ||||||
8,386 | ||||||||
Internet Software & Services — 5.32% | ||||||||
11,866 | Baidu, Inc. – Sponsored ADR (a) | 1,190 | ||||||
275,959 | eBay, Inc. (a) | 14,080 | ||||||
105,383 | Facebook, Inc., Class – A (a) | 2,806 | ||||||
45,063 | Google, Inc., Class – A (a) | 31,966 | ||||||
17,307 | LinkedIn Corp., Class – A (a) | 1,987 | ||||||
28,590 | Rackspace Hosting, Inc. (a) | 2,123 | ||||||
21,111 | Splunk, Inc. (a) | 613 | ||||||
20,334 | Tencent Holdings Ltd. – ADR | 664 | ||||||
8,780 | Youku, Inc. – ADR (a) | 160 | ||||||
55,589 | ||||||||
Investment Banking & Brokerage — 0.33% | ||||||||
16,256 | Goldman Sachs Group, Inc. | 2,074 | ||||||
74,189 | Morgan Stanley | 1,418 | ||||||
3,492 | ||||||||
IT Consulting & Other Services — 2.95% | ||||||||
76,549 | Accenture PLC, Class – A | 5,091 | ||||||
36,925 | Cognizant Technology Solutions Corp. (a) | 2,734 | ||||||
107,774 | International Business Machines Corp. | 20,644 | ||||||
33,766 | SAIC, Inc. | 382 | ||||||
30,968 | Teradata Corp. (a) | 1,917 | ||||||
30,768 | ||||||||
Leisure Products — 0.06% | ||||||||
7,763 | Polaris Industries, Inc. | 653 | ||||||
Life & Health Insurance — 0.06% | ||||||||
11,842 | Torchmark Corp. | 612 | ||||||
Life Sciences Tools & Services — 0.56% | ||||||||
16,984 | Agilent Technologies, Inc. | 695 | ||||||
6,536 | Covance, Inc. (a) | 377 | ||||||
3,790 | Mettler-Toledo International, Inc. (a) | 733 |
See accompanying notes to financial statements.
21
HC CAPITAL TRUST
The Institutional Growth Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Life Sciences Tools & Services (continued) | ||||||||
4,284 | Techne Corp. | $ | 293 | |||||
43,872 | Thermo Electron Corp. | 2,798 | ||||||
10,625 | Waters Corp. (a) | 926 | ||||||
5,822 | ||||||||
Managed Health Care — 1.14% | ||||||||
19,600 | Humana, Inc. | 1,345 | ||||||
149,755 | UnitedHealth Group, Inc. | 8,123 | ||||||
39,813 | WellPoint, Inc. | 2,425 | ||||||
11,893 | ||||||||
Marine — 0.04% | ||||||||
7,100 | Kirby Corp. (a) | 439 | ||||||
Metal & Glass Containers — 0.04% | ||||||||
7,848 | AptarGroup, Inc. | 375 | ||||||
Movies & Entertainment — 0.18% | ||||||||
37,373 | The Walt Disney Co. | 1,861 | ||||||
Office Electronics — 0.02% | ||||||||
6,138 | Zebra Technologies Corp., Class – A (a) | 241 | ||||||
Oil & Gas Equipment & Services — 1.52% | ||||||||
2,419 | CARBO Ceramics, Inc. | 189 | ||||||
28,926 | FMC Technologies, Inc. (a) | 1,239 | ||||||
124,809 | National Oilwell Varco, Inc. | 8,531 | ||||||
12,975 | Oceaneering International, Inc. | 698 | ||||||
74,883 | Schlumberger Ltd. | 5,189 | ||||||
15,846 | ||||||||
Oil & Gas Exploration & Production — 0.27% | ||||||||
19,889 | Concho Resources, Inc. (a) | 1,602 | ||||||
9,939 | EOG Resources, Inc. | 1,201 | ||||||
2,803 | ||||||||
Oil & Gas Refining & Marketing — 0.03% | ||||||||
8,427 | World Fuel Services Corp. | 347 | ||||||
Packaged Foods & Meats — 1.21% | ||||||||
216,748 | DANONE SA – Sponsored ADR | 2,902 | ||||||
14,589 | Flowers Foods, Inc. | 340 | ||||||
38,337 | H.J. Heinz Co. | 2,211 | ||||||
16,038 | Hormel Foods Corp. | 501 | ||||||
28,888 | Kellogg Co. | 1,613 | ||||||
15,752 | McCormick & Co., Inc. | 1,001 | ||||||
24,580 | Mead Johnson Nutrition Co. | 1,620 | ||||||
52,927 | Mondelez International, Inc., Class – A | 1,348 | ||||||
13,186 | The J.M. Smucker Co. | 1,137 | ||||||
12,673 | ||||||||
Personal Products — 0.38% | ||||||||
6,726 | Nu Skin Enterprises, Inc., Class – A | 249 | ||||||
62,331 | The Estee Lauder Cos., Inc., Class – A | 3,731 | ||||||
3,980 |
�� | ||||||||
Shares | Security Description | Value (000) | ||||||
Pharmaceuticals — 7.36% | ||||||||
205,670 | Abbott Laboratories | $ | 13,471 | |||||
57,302 | Allergan, Inc. | 5,256 | ||||||
49,299 | Bristol-Myers Squibb Co. | 1,607 | ||||||
121,952 | Eli Lilly & Co. | 6,015 | ||||||
31,500 | Forest Laboratories, Inc. (a) | 1,113 | ||||||
19,879 | Hospira, Inc. (a) | 621 | ||||||
258,875 | Johnson & Johnson | 18,147 | ||||||
347,631 | Merck & Co., Inc. | 14,232 | ||||||
143,725 | Mylan, Inc. (a) | 3,950 | ||||||
32,612 | Novo Nordisk A/S – Sponsored ADR | 5,323 | ||||||
46,894 | Perrigo Co. | 4,878 | ||||||
24,739 | Shire PLC – Sponsored ADR | 2,280 | ||||||
76,893 | ||||||||
Publishing — 0.21% | ||||||||
5,587 | John Wiley & Sons, Inc., Class – A | 218 | ||||||
3,300 | Morningstar, Inc. | 207 | ||||||
33,244 | The McGraw-Hill Cos., Inc. | 1,817 | ||||||
2,242 | ||||||||
Railroads — 0.30% | ||||||||
2,364 | Canadian Pacific Railway Ltd. | 240 | ||||||
7,943 | Kansas City Southern | 663 | ||||||
17,450 | Union Pacific Corp. | 2,194 | ||||||
3,097 | ||||||||
Regional Banks — 0.03% | ||||||||
6,337 | Cullen/Frost Bankers, Inc. | 344 | ||||||
Research and Consulting Services — 0.16% | ||||||||
14,310 | Equifax, Inc. | 774 | ||||||
17,546 | Versik Analytics, Inc., Class – A (a) | 895 | ||||||
1,669 | ||||||||
Restaurants — 3.31% | ||||||||
5,260 | Chipotle Mexican Grill, Inc. (a) | 1,565 | ||||||
15,368 | Darden Restaurants, Inc. | 693 | ||||||
41,965 | Dunkin' Brands Group, Inc. | 1,392 | ||||||
117,859 | McDonald's Corp. | 10,396 | ||||||
7,622 | Panera Bread Co., Class – A (a) | 1,211 | ||||||
172,409 | Starbucks Corp. | 9,244 | ||||||
151,507 | YUM! Brands, Inc. | 10,060 | ||||||
34,561 | ||||||||
Semiconductors — 1.65% | ||||||||
38,900 | Altera Corp. | 1,340 | ||||||
33,575 | ARM Holdings PLC – Sponsored ADR | 1,270 | ||||||
35,557 | Avago Technologies Ltd. | 1,126 | ||||||
614,608 | Intel Corp. | 12,679 | ||||||
23,404 | Microchip Technology, Inc. | 763 | ||||||
17,178 | ||||||||
See accompanying notes to financial statements.
22
HC CAPITAL TRUST
The Institutional Growth Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Soft Drinks — 3.41% | ||||||||
17,199 | Monster Beverage Corp. (a) | $ | 909 | |||||
186,951 | PepsiCo, Inc. | 12,793 | ||||||
603,410 | The Coca-Cola Co. | 21,874 | ||||||
35,576 | ||||||||
Specialized Finance — 0.13% | ||||||||
10,243 | CBOE Holdings, Inc. | 302 | ||||||
8,614 | InterContinental Exchange, Inc. (a) | 1,066 | ||||||
1,368 | ||||||||
Specialized Real Estate Investment Trust — 0.27% | ||||||||
36,590 | American Tower Corp. | 2,827 | ||||||
Specialty Chemicals — 1.06% | ||||||||
108,866 | Ecolab, Inc. | 7,827 | ||||||
9,757 | International Flavors & Fragrances, Inc. | 649 | ||||||
14,241 | Sigma-Aldrich Corp. | 1,048 | ||||||
10,245 | The Sherwin-Williams Co. | 1,576 | ||||||
11,100 | ||||||||
Specialty Stores — 0.43% | ||||||||
11,111 | Dick's Sporting Goods, Inc. | 505 | ||||||
12,727 | PetSmart, Inc. | 870 | ||||||
10,065 | Signet Jewelers Ltd. | 537 | ||||||
83,644 | Staples, Inc. | 954 | ||||||
15,210 | Tiffany & Co. | 872 | ||||||
7,455 | Ulta Salon, Cosmetics & Fragrance, Inc. | 733 | ||||||
4,471 | ||||||||
Systems Software — 2.53% | ||||||||
19,406 | BMC Software, Inc. (a) | 770 | ||||||
9,811 | MICROS Systems, Inc. (a) | 416 | ||||||
461,215 | Oracle Corp. | 15,368 | ||||||
130,214 | Red Hat, Inc. (a) | 6,896 | ||||||
31,969 | VMware, Inc., Class – A (a) | 3,009 | ||||||
26,459 | ||||||||
Tobacco — 1.74% | ||||||||
15,598 | Lorillard, Inc. | 1,820 | ||||||
194,917 | Philip Morris International, Inc. | 16,303 | ||||||
18,123 | ||||||||
Trading Companies & Distributors — 0.54% | ||||||||
82,602 | Fastenal Co. | 3,856 | ||||||
5,198 | MSC Industrial Direct Co., Inc., Class – A | 392 | ||||||
6,725 | W.W. Grainger, Inc. | 1,361 | ||||||
5,609 | ||||||||
Trucking — 0.03% | ||||||||
5,481 | Landstar System, Inc. | 288 |
Shares or Principal Amount (000) | Security Description | Value (000) | ||||||
Wireless Telecommunication Services — 0.14% | ||||||||
20,365 | Crown Castle International Corp. (a) | $ | 1,470 | |||||
Total Common Stocks | 865,400 | |||||||
Corporate Bonds — 0.59% | ||||||||
Consumer Finance — 0.07% | ||||||||
$700 | SLM Corp., Series A, MTN, 0.62%, 1/27/14 (b) | 693 | ||||||
Diversified Financial Services — 0.31% | ||||||||
1,500 | Bank of America Corp. Series L, MTN, 5.65%, 5/1/18 | 1,745 | ||||||
50 | Bank of America Corp., MTN, 7.38%, 5/15/14 | 54 | ||||||
200 | Goldman Sachs Group, Inc., 0.84%, 1/12/15 (b) | 197 | ||||||
500 | Goldman Sachs Group, Inc., 3.70%, 8/1/15 | 528 | ||||||
200 | Goldman Sachs Group, Inc., 0.76%, 3/22/16 (b) | 194 | ||||||
400 | JPMorgan Chase Bank NA, 6.00%, 10/1/17 | 474 | ||||||
3,192 | ||||||||
Insurance — 0.01% | ||||||||
100 | American International Group, Inc., 3.75%, 11/30/13 (c) | 101 | ||||||
Oil, Gas & Consumable Fuels — 0.02% | ||||||||
100 | El Paso Pipeline Partners Operating Co. LLC, 6.50%, 4/1/20 | 122 | ||||||
100 | Southwestern Energy Co., 4.10%, 3/15/22, Callable 12/15/21 @ 100.00 | 107 | ||||||
229 | ||||||||
Thrifts & Mortgage Finance — 0.18% | ||||||||
1,900 | SSIF Nevada LP, 1.04%, 4/14/14 (b)(c) | 1,911 | ||||||
Total Corporate Bonds | 6,126 | |||||||
Asset Backed Securities — 0.29% | ||||||||
492 | Asset Backed Funding Certificates, Series 2004-0PT5, Class A1, 0.91%, 6/25/34 (b) | 452 | ||||||
199 | Asset Backed Securities Corp. Home Equity Loan Trust, Series 2007-HE2, Class A2, 0.29%, 5/25/37 (b) | 163 | ||||||
172 | Bear Stearns Asset Backed Securities Trust, Series 2007-HE5, Class 1A1, 0.30%, 6/25/47 (b) | 169 | ||||||
240 | BlueMountain CLO Ltd., Series 2005-1A, Class A1F, 0.55%, 11/15/17 (b)(c) | 237 | ||||||
42 | Carrington Mortgage Loan Trust, Series 2006-RFC1, Class A2, 0.31%, 5/25/36 (b) | 42 | ||||||
111 | Harvest CLO, Series IX, Class A1, 0.94%, 3/29/17 (b) | 146 | ||||||
853 | Kingsland Ltd., Series 2005-1A, Class A1A, 0.56%, 6/13/19 (b)(c) | 846 |
See accompanying notes to financial statements.
23
HC CAPITAL TRUST
The Institutional Growth Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Principal Amount (000) | Security Description | Value (000) | ||||||
Asset Backed Securities (continued) | ||||||||
$239 | Morgan Stanley Capital, Inc., Series 2007-HE6, Class A1, 0.27%, 5/25/37 (b) | $ | 150 | |||||
180 | SLM Student Loan Trust, Series 2005-4, Class A2, 0.40%, 4/26/21 (b) | 180 | ||||||
549 | Small Business Administration Participation Certificates, Series 2006-20L, Class 1, 5.12%, 12/1/26 | 618 | ||||||
37 | Small Business Administration Participation Certificates, Series 2008-20E, Class 1, 5.49%, 5/1/28 | 42 | ||||||
Total Asset Backed Securities | 3,045 | |||||||
Collateralized Mortgage Obligations — 2.95% | ||||||||
489 | American Home Mortgage Investment Trust, Series 2004-3, Class 5A, 2.53%, 10/25/34 (b) | 488 | ||||||
16 | American Home Mortgage Investment Trust, Series 2005-2, Class 4A1, 2.03%, 9/25/45 (b) | 15 | ||||||
120 | Banc of America Commercial Mortgage, Inc., Series 2006-5, Class A4, 5.41%, 9/10/16 | 136 | ||||||
824 | Banc of America Large Loan, Inc., Series 2012-HLTN, Class HLTN, 2.51%, 11/15/13 (b)(c) | 822 | ||||||
20 | Banc of America Mortgage Securities, Inc., Series 2006-A, Class 2A1, 3.01%, 2/25/36 (b) | 17 | ||||||
61 | Bear Stearns Adjustable Rate Mortgage Trust, Series 2002-11, Class 1A1, 4.13%, 2/25/33 (b) | 62 | ||||||
38 | Bear Stearns Adjustable Rate Mortgage Trust, Series 2002-11, Class 1A2, 2.91%, 2/25/33 (b) | 34 | ||||||
678 | Bear Stearns Adjustable Rate Mortgage Trust, Series 2003-5, Class 2A1, 2.76%, 8/25/33 (b) | 691 | ||||||
639 | Bear Stearns Adjustable Rate Mortgage Trust, Series 2004-6, Class 2A1, 3.13%, 9/25/34 (b) | 584 | ||||||
611 | Bear Stearns Adjustable Rate Mortgage Trust, Series 2004-7, Class 1A1, 3.12%, 10/25/34 (b) | 517 | ||||||
34 | Bear Stearns Adjustable Rate Mortgage Trust, Series 2004-9, Class 22A1, 3.48%, 11/25/34 (b) | 34 | ||||||
20 | Bear Stearns Adjustable Rate Mortgage Trust, Series 2005-2, Class A1, 2.57%, 3/25/35 (b) | 20 | ||||||
566 | Bear Stearns Adjustable Rate Mortgage Trust, Series 2005-2, Class A2, 3.08%, 3/25/35 (b) | 568 | ||||||
959 | Bear Stearns ALT-A Trust, Series 2004-9, Class 2A1, 2.99%, 9/25/34 (b) | 829 | ||||||
326 | Citigroup Mortgage Loan Trust, Inc., Series 2005-11, Class A1A, 2.60%, 5/25/35 (b) | 319 |
Principal Amount (000) | Security Description | Value (000) | ||||||
Collateralized Mortgage Obligations (continued) | ||||||||
$933 | Citigroup Mortgage Loan Trust, Inc., Series 2005-3, Class 2A2A, 2.69%, 8/25/35 (b) | $ | 928 | |||||
95 | Citigroup Mortgage Loan Trust, Inc., Series 2005-6, Class A2, 2.34%, 9/25/35 (b) | 93 | ||||||
171 | Citigroup Mortgage Loan Trust, Inc., Series 2005-6, Class A3, 1.99%, 9/25/35 (b) | 169 | ||||||
129 | Countrywide Alternative Loan Trust, Series 2003-J2, Class A1, 6.08%, 10/25/33 | 134 | ||||||
913 | Countrywide Alternative Loan Trust, Series 2005-14, Class 2A1, 0.42%, 5/25/35 (b) | 654 | ||||||
32 | Countrywide Alternative Loan Trust, Series 2005-81, Class A1, 0.49%, 2/25/37 (b) | 21 | ||||||
368 | Countrywide Alternative Loan Trust, Series 2006-0A6, 1A2, 0.42%, 7/25/46 (b) | 275 | ||||||
27 | Countrywide Alternative Loan Trust, Series 2006-HY13, Class 4A1, 2.91%, 2/25/37 (b)(d) | 21 | ||||||
35 | Countrywide Alternative Loan Trust, Series 2006-OA11, Class A1B, 0.40%, 9/25/46 (b) | 24 | ||||||
28 | Countrywide Alternative Loan Trust, Series 2006-OA9, Class 2A1A, 0.42%, 7/20/46 (b)(d) | 14 | ||||||
78 | Countrywide Home Loans, Series 2005-3, Class 2A1, 0.50%, 4/25/35 (b) | 57 | ||||||
800 | Countrywide Home Loans, Series 2005-9, Class 1A3, 0.44%, 5/25/35 (b) | 628 | ||||||
570 | Countrywide Home Loans, Series 2005-HYB9, Class 3A2A, 2.78%, 2/20/36 (b) | 490 | ||||||
160 | Fannie Mae Whole Loan, 6.00%, 7/25/44 | 176 | ||||||
415 | Fannie Mae, Series 2006-82, Class F, 0.78%, 9/25/36 (b) | 419 | ||||||
181 | First Horizon Mortgage Pass-Through Trust, Series 2004-AR1, Class 2A1, 2.54%, 2/25/34 (b) | 182 | ||||||
10 | Freddie Mac, Series 2395, Class FT, 0.66%, 12/15/31 (b) | 10 | ||||||
429 | Freddie Mac, Series 3174, Class FM, 0.45%, 5/15/36 (b) | 429 | ||||||
11 | Freddie Mac, Series 3346, Class FA, 0.44%, 2/15/19 (b) | 11 | ||||||
976 | Freddie Mac, Series 3616, Class FG, 0.86%, 3/15/32 (b) | 988 | ||||||
64 | Government National Mortgage Association, Series 2000-14, Class F, 0.86%, 2/16/30 (b) | 65 | ||||||
3,559 | Government National Mortgage Association, Series 2005-16, Class FA, 0.46%, 2/20/35 (b) | 3,570 | ||||||
3,587 | Government National Mortgage Association, Series 2005-3, Class FC, 0.46%, 1/16/35 (b) | 3,600 | ||||||
925 | Government National Mortgage Association, Series 2008-6, Class FA, 0.70%, 2/20/38 (b) | 932 | ||||||
1,598 | Greenpoint Mortgage Funding Trust, Series 2005-AR1, Class A2, 0.43%, 6/25/45 (b) | 1,275 |
See accompanying notes to financial statements.
24
HC CAPITAL TRUST
The Institutional Growth Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Principal Amount (000) | Security Description | Value (000) | ||||||
Collateralized Mortgage Obligations (continued) | ||||||||
$356 | GSR Mortgage Loan Trust, Series 2005-AR6, Class 2A1, 2.66%, 9/25/35 (b) | $ | 357 | |||||
876 | HarborView Mortgage Loan Trust, Series 2005-2, Class 2A1A, 0.43%, 5/19/35 (b) | 689 | ||||||
285 | MLCC Mortgage Investors, Inc., Series 2005-2, Class 1A, 1.99%, 10/25/35 (b) | 280 | ||||||
120 | Morgan Stanley Capital I, Series 2007-IQ16, Class A4, 5.81%, 12/12/49 | 143 | ||||||
708 | Nomura Asset Acceptance Corp., Series 2005-AR5, Class 2A1, 2.81%, 10/25/35 (b) | 603 | ||||||
2,196 | Residential Accredit Loans, Inc., Series 2005-Q01, Class A1, 0.51%, 8/25/35 (b) | 1,611 | ||||||
1,393 | Structured Asset Securities Corp., Series 2003-40A, Class 3A2, 2.74%, 1/25/34 (b) | 1,371 | ||||||
1,783 | WaMu Mortgage Pass-Through Certificates, Series 2005-AR13, Class A1A1, 0.50%, 10/25/45 (b) | 1,693 | ||||||
525 | WaMu Mortgage Pass-Through Certificates, Series 2005-AR2, Class 2A1A, 0.52%, 1/25/45 (b) | 512 | ||||||
604 | WaMu Mortgage Pass-Through Certificates, Series 2005-AR6, Class 2A1A, 0.44%, 4/25/45 (b) | 565 | ||||||
216 | Wells Fargo Mortgage Backed Securities Trust, Series 2003-M, Class A1, 4.68%, 12/25/33 (b) | 223 | ||||||
310 | Wells Fargo Mortgage Backed Securities Trust, Series 2004-CC, Class A1, 2.64%, 1/25/35 (b) | 309 | ||||||
554 | Wells Fargo Mortgage Backed Securities Trust, Series 2005-AR16, Class 4A2, 2.65%, 10/25/35 (b) | 543 | ||||||
179 | Wells Fargo Mortgage Backed Securities Trust, Series 2005-AR2, Class 2A2, 2.62%, 3/25/35 (b) | 178 | ||||||
1,423 | Wells Fargo Mortgage Backed Securities Trust, Series 2006-AR2, Class 2A1, 2.63%, 3/25/36 (b) | 1,392 | ||||||
Total Collateralized Mortgage Obligations | 30,770 | |||||||
Certificates of Deposit — 0.36% | ||||||||
1,700 | Banco do Brasil New York, 2.20%, 3/26/13 (e) | 1,699 | ||||||
100 | Banco do Brasil New York, 1.35%, 11/1/13 (e) | 99 | ||||||
2,000 | Itau Unibanco New York, 2.43%, 3/26/13 (e) | 1,994 | ||||||
Total Certificates of Deposit | 3,792 | |||||||
Global Bonds — 0.83% | ||||||||
Mexico — 0.23% | ||||||||
22,300 | Mexican Bonos Desarr Fixed Rate, Series M 20, 10.00%, 12/5/24 (b)(d) | 2,414 | ||||||
United Kingdom — 0.44% | ||||||||
100 | U.K. Treasury, 3.75%, 9/7/21 (f) | 191 | ||||||
2,000 | U.K. Treasury, 4.00%, 3/7/22 (f) | 3,895 | ||||||
300 | U.K. Treasury, 1.75%, 9/7/22 (f) | 484 | ||||||
4,570 |
Principal Amount (000) | Security Description | Value (000) | ||||||
United States — 0.16% | ||||||||
$900 | Citigroup, Inc., Series E, MTN, 6.39%, 3/6/23 | $ | 1,281 | |||||
100 | Goldman Sachs Group, Inc., 0.54%, 5/18/15 (b) | 129 | ||||||
100 | JPMorgan Chase Bank NA, 0.87%, 5/31/17, Callable 10/29/12 @ 100.00 (b) | 128 | ||||||
100 | JPMorgan Chase Bank NA, 4.38%, 11/30/21, Callable 11/14/16 @ 100.00 (b) | 140 | ||||||
1,678 | ||||||||
Total Global Bonds | 8,662 | |||||||
Municipal Bonds — 0.09% | ||||||||
California — 0.07% | ||||||||
700 | Irvine Ranch California Water District Joint Powers Agency Revenue, 2.61%, 3/15/14 | 718 | ||||||
Washington — 0.02% | ||||||||
200 | Port of Seattle Washington Revenue, Series B1, 7.00%, 5/1/36 | 237 | ||||||
Total Municipal Bonds | 955 | |||||||
U.S. Government Agency Mortgages — 0.85% | ||||||||
7,000 | Fannie Mae, 30 YR TBA, 4.50%, 1/25/43 | 7,562 | ||||||
312 | Fannie Mae, Pool #735591, 2.59%, 10/1/35 (b) | 332 | ||||||
16 | Fannie Mae, Pool #796295, 4.50%, 12/1/34 | 17 | ||||||
10 | Fannie Mae, Pool #889414, 6.00%, 11/1/37 | 11 | ||||||
292 | Fannie Mae, Pool #AC3286, 4.00%, 10/1/24 | 313 | ||||||
262 | Fannie Mae, Pool #AC7210, 4.00%, 11/1/24 | 280 | ||||||
339 | Fannie Mae, Pool #AE0218, 4.50%, 8/1/40 | 366 | ||||||
12 | Fannie Mae, Pool #AH3151, 4.50%, 3/1/41 | 13 | ||||||
Total U.S. Government Agency Mortgages | 8,894 | |||||||
U.S. Treasury Obligations — 2.54% | ||||||||
200 | U.S. Treasury Inflation Index Bond, 2.38%, 1/15/25 | 331 | ||||||
560 | U.S. Treasury Inflation Index Bond, 2.00%, 1/15/26 | 856 | ||||||
100 | U.S. Treasury Inflation Index Bond, 2.38%, 1/15/27 | 158 | ||||||
1,100 | U.S. Treasury Inflation Index Bond, 1.75%, 1/15/28 | 1,572 | ||||||
350 | U.S. Treasury Inflation Index Bond, 2.50%, 1/15/29 | 538 | ||||||
100 | U.S. Treasury Inflation Index Bond, 3.88%, 4/15/29 | 233 | ||||||
5,800 | U.S. Treasury Note, 0.25%, 8/31/14 | 5,802 | ||||||
7,600 | U.S. Treasury Note, 0.63%, 9/30/17 | 7,586 | ||||||
3,600 | U.S. Treasury Note, 1.00%, 8/31/19 | 3,579 | ||||||
5,300 | U.S. Treasury Note, 1.75%, 5/15/22 | 5,346 | ||||||
500 | U.S. Treasury Note, 1.63%, 11/15/22 | 495 | ||||||
Total U.S. Treasury Obligations | 26,496 |
See accompanying notes to financial statements.
25
HC CAPITAL TRUST
The Institutional Growth Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Contracts, Shares or Principal Amount (000) | Security Description | Value (000) | ||||||
Yankee Dollars — 0.62% | ||||||||
Aerospace & Defense — 0.01% | ||||||||
$96 | Waha Aerospace BV, 3.93%, 7/28/20 | $ | 104 | |||||
Airlines — 0.02% | ||||||||
200 | Doric Nimrod Air 2012-1A, 5.13%, 11/30/24 (c) | 209 | ||||||
Commercial Banks — 0.47% | ||||||||
500 | Banco Bradesco SA, 2.41%, 5/16/14 (b)(c) | 504 | ||||||
1,000 | Banco Votorantim, 5.25%, 2/11/16 (c) | 1,052 | ||||||
1,100 | DNB Bank ASA, 3.20%, 4/3/17 (c) | 1,172 | ||||||
200 | Export-Import Bank of Korea, 5.88%, 1/14/15 | 219 | ||||||
200 | Export-Import Bank of Korea, 4.13%, 9/9/15 | 215 | ||||||
200 | Export-Import Bank of Korea, 5.13%, 6/29/20 | 230 | ||||||
200 | Export-Import Bank of Korea, 5.00%, 4/11/22 | 231 | ||||||
1,300 | Nordea Bank AB, 1.24%, 1/14/14 (b)(c) | 1,309 | ||||||
4,932 | ||||||||
Oil, Gas & Consumable Fuels — 0.03% | ||||||||
300 | TNK-BP Finance SA, Series 6, MTN, 7.88%, 3/13/18 | 364 | ||||||
Sovereign — 0.09% | ||||||||
500 | Republic of Korea, 5.75%, 4/16/14 | 531 | ||||||
300 | Republic of Korea, 7.13%, 4/16/19 | 389 | ||||||
920 | ||||||||
Total Yankee Dollars | 6,529 | |||||||
Time Deposit — 2.00% | ||||||||
20,853 | State Street Liquidity Management Control System Time Deposit, 0.01%, 1/2/13 | 20,853 | ||||||
Total Time Deposit | 20,853 | |||||||
Mutual Funds — 0.85% | ||||||||
1,484,151 | Alliance Money Market Fund Prime Portfolio, 0.11% (g) | 1,484 | ||||||
7,383,000 | SSgA U.S. Government Money Market, 0.00% (g) | 7,383 | ||||||
Total Mutual Funds | 8,867 | |||||||
Call Option Purchased — 0.00% | ||||||||
70 | Call Option on Interest Rate Swap, with Morgan Stanley, based on the U.S. Dollar 25-Year Interest Index, Expiring 3/18/13 at $3 | 5 | ||||||
Total Call Options Purchased | 5 |
Contracts or Principal Amount (000) | Security Description | Value (000) | ||||||
Put Options Purchased — 0.00% | ||||||||
180 | Put Option on Interest Rate Swap, with Goldman Sachs International, based on the U.S. Dollar 25-Year Interest Index, Expiring 1/14/13 at $4 | $ | 1 | |||||
70 | Put Option on Interest Rate Swap, with Morgan Stanley, based on the U.S. Dollar 25-Year Interest Index, Expiring 3/18/13 at $3 | 6 | ||||||
350 | Put Option on Interest Rate Swap, with Royal Bank of Scotland, PLC, based on the U.S. Dollar 25-Year Interest Index, Expiring 1/14/13 at $4 | 1 | ||||||
115 | S&P 500 Index Future, Expiring 3/15/13 at $700* | 1 | ||||||
70 | S&P 500 Index Future, Expiring 3/15/13 at $725* | 1 | ||||||
Total Put Options Purchased (cost $230) | 10 | |||||||
Repurchase Agreements — 8.01% | ||||||||
$4,100 | Barclays Capital, Inc., 0.23%, 1/2/13 (Purchased on 12/31/12, proceeds at maturity $4,100,052 collateralized by U.S. Treasury Inflation Protected Bonds, 3.88%, 4/15/29 fair value $4,205,679) | 4,100 | ||||||
5,500 | Citigroup Global Markets, Inc., 0.27%, 1/2/13 (Purchased on 12/31/12, proceeds at maturity $5,500,083 collateralized by U.S. Government Agency Security, 0.75%, 10/5/16 fair value $5,610,190) | 5,500 | ||||||
21,500 | Credit Suisse Securities, 0.22%, 1/2/13 (Purchased on 12/31/12, proceeds at maturity $21,500,263 collateralized by U.S. Treasury Note, 2.13%, 12/31/15 fair value $22,001,934) | 21,500 | ||||||
12,500 | Credit Suisse Securities, 0.23%, 1/2/13 (Purchased on 12/31/12, proceeds at maturity $12,500,160 collateralized by U.S. Treasury Note, 1.00% – 2.13%, 12/31/15 – 3/31/17 fair value $12,779,201) | 12,500 | ||||||
18,500 | JPMorgan Securities LLC, 0.25%, 1/2/13 (Purchased on 12/31/12, proceeds at maturity $18,500,257 collateralized by U.S. Treasury Note, 1.75%, 7/31/15 fair value $18,895,726) | 18,500 | ||||||
21,500 | RBS Securities, Inc., 0.22%, 1/2/13 (Purchased on 12/31/12, proceeds at maturity $21,500,263 collateralized by U.S. Treasury Note, 0.25%, 11/30/13 fair value $21,929,113) | 21,500 | ||||||
Total Repurchase Agreements | 83,600 | |||||||
Total Investments (cost $917,439) — 102.85% | 1,074,004 |
See accompanying notes to financial statements.
26
HC CAPITAL TRUST
The Institutional Growth Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Value (000) | ||||||||
Liabilities in excess of other assets — (2.85)% | $ | (29,783) | ||||||
Net Assets — 100.00% | $ | 1,044,221 |
* | Security was not fair valued on December 31, 2012 and represents a Level 1 security. All other stocks were fair valued and represent a Level 2 securities. Refer to Note 2 in the Notes to Financial Statements. |
(a) | Represents non-income producing security. |
(b) | Variable Rate Security. The rate reflected is the rate in effect on December 31, 2012. |
(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) | Issuer has defaulted on the payment of interest. |
(e) | Rate disclosed represents effective yield at purchase. |
(f) | The principal amount is disclosed in local currency and the value is disclosed in U.S. Dollars. |
(g) | The rate disclosed is the rate in effect on December 31, 2012. |
ADR — American Depositary Receipt
MTN — Medium Term Note
TBA — Security is subject to delayed delivery.
The following table reflects the percentage of the total net assets of the Portfolio attributable to each Specialist Manager; see Note 3 in the Notes to Financial Statements.
The Institutional Growth Equity Portfolio | Jennison Associates LLC | PIMCO | SSgA Funds Management, Inc. | Sustainable Growth Advisers | Total | |||||||||||||||
Common Stocks | 12.34 | % | — | 58.30 | % | 12.23 | % | 82.87 | % | |||||||||||
Corporate Bonds | — | 0.59 | % | — | — | 0.59 | % | |||||||||||||
Asset Backed Securities | — | 0.29 | % | — | — | 0.29 | % | |||||||||||||
Collateralized Mortgage Obligations | — | 2.95 | % | — | — | 2.95 | % | |||||||||||||
Certificates of Deposit | — | 0.36 | % | — | — | 0.36 | % | |||||||||||||
Global Bonds | — | 0.83 | % | — | — | 0.83 | % | |||||||||||||
Municipal Bonds | — | 0.09 | % | — | — | 0.09 | % | |||||||||||||
U.S. Government Agency Mortgages | — | 0.85 | % | — | — | 0.85 | % | |||||||||||||
U.S. Treasury Obligations | — | 2.54 | % | — | — | 2.54 | % | |||||||||||||
Yankee Dollars | — | 0.62 | % | — | — | 0.62 | % | |||||||||||||
Time Deposit | — | 2.00 | % | — | — | 2.00 | % | |||||||||||||
Mutual Funds | — | 0.71 | % | 0.14 | % | — | 0.85 | % | ||||||||||||
Call Option Purchased | — | 0.00 | % | — | — | 0.00 | % | |||||||||||||
Put Options Purchased | — | 0.00 | % | — | — | 0.00 | % | |||||||||||||
Repurchase Areements | — | 8.01 | % | — | — | 8.01 | % | |||||||||||||
Other Assets (Liabilities) | -0.33 | % | -2.17 | % | -0.04 | % | -0.31 | % | -2.85 | % | ||||||||||
Total Net Assets | 12.01 | % | 17.67 | % | 58.40 | % | 11.92 | % | 100.00 | % |
The following tables reflect the open derivative positions held by the Portfolio as of December 31, 2012.
Long Futures
Number of Contracts | Futures Contracts Positions^ | Value (000) | Expiration | Unrealized Appreciation/ (Depreciation) (000) | ||||||||||||
326 | S&P 500 E-Mini Future | $ | 23,148 | 3/18/13 | $ | (57) | ||||||||||
457 | S&P 500 Future | 162,246 | 3/15/13 | 236 | ||||||||||||
Net Unrealized Appreciation/(Depreciation) | $ | 179 |
^ | Cash has been pledged as collateral for futures contracts held by the Portfolio. |
See accompanying notes to financial statements.
27
HC CAPITAL TRUST
The Institutional Growth Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Currency Contracts
Contract Amount (Local Currency) | Currency | Counterparty | Settlement Date | Settlement Value (000) | Value (000) | Unrealized Appreciation/ (Depreciation) (000) | ||||||||||||||||||
Currencies Purchased | ||||||||||||||||||||||||
452,000 | Australian Dollar | BNP Paribas | 1/10/13 | $ | 466 | $ | 469 | $ | 3 | |||||||||||||||
20,250 | Brazilian Real | Barclays Bank | 2/4/13 | 10 | 10 | — | ||||||||||||||||||
89,969 | Brazilian Real | HSBC | 2/4/13 | 43 | 44 | 1 | ||||||||||||||||||
10,400,000 | Chinese Renminbi | Royal Bank of Scotland | 9/8/15 | 1,600 | 1,610 | 10 | ||||||||||||||||||
11,520,000 | Chinese Renminbi | Royal Bank of Scotland | 9/8/15 | 1,800 | 1,783 | (17) | ||||||||||||||||||
3,857,750 | Chinese Renminbi | JPMorgan Chase | 4/7/16 | 650 | 597 | (53) | ||||||||||||||||||
12,485,660 | Chinese Renminbi | Deutsche Bank | 4/7/16 | 1,957 | 1,933 | (24) | ||||||||||||||||||
22,406,430 | Chinese Renminbi | JPMorgan Chase | 11/25/13 | 3,540 | 3,529 | (11) | ||||||||||||||||||
Total Currencies Purchased | $ | 10,066 | $ | 9,975 | $ | (91) | ||||||||||||||||||
Currencies Sold | ||||||||||||||||||||||||
3,340,000 | Australian Dollar | JPMorgan Chase | 1/10/13 | $ | 3,451 | $ | 3,465 | $ | (14) | |||||||||||||||
24,842 | Brazilian Real | HSBC | 2/4/13 | 12 | 12 | — | ||||||||||||||||||
1,732,744 | Brazilian Real | Barclays Bank | 2/4/13 | 823 | 843 | (20) | ||||||||||||||||||
2,868,000 | British Pound Sterling | Deutsche Bank | 3/12/13 | 4,613 | 4,657 | (44) | ||||||||||||||||||
13,164,450 | Chinese Renminbi | Deutsche Bank | 2/1/13 | 2,041 | 2,108 | (67) | ||||||||||||||||||
23,265,863 | Chinese Renminbi | JPMorgan Chase | 2/1/13 | 3,652 | 3,725 | (73) | ||||||||||||||||||
2,690,000 | Euro | Royal Bank of Scotland | 3/18/13 | 3,474 | 3,553 | (79) | ||||||||||||||||||
27,825,282 | Mexican Peso | JPMorgan Chase | 4/3/13 | 2,129 | 2,134 | (5) | ||||||||||||||||||
4,862,200 | Mexican Peso | Deutsche Bank | 4/3/13 | 367 | 373 | (6) | ||||||||||||||||||
Total Currencies Sold | $ | 20,562 | $ | 20,870 | $ | (308) | ||||||||||||||||||
Net Unrealized Appreciation/(Depreciation) | $ | (399) |
Amounts designated as “—” are $0 or have been rounded to $0.
Written Options
Number of Contracts | Security Description | Exercise Price | Premium (000) | Value (000) | Expiration | Unrealized Appreciation/ (Depreciation) (000) | ||||||||||||||||||
(1,320) | Put Option on Interest Rate Swap, with Royal Bank of Scotland PLC, based on the U.S. Dollar 5 – Year Interest | $ | 4 | $ | (181) | $ | — | 1/14/13 | $ | 181 | ||||||||||||||
(680) | Put Option on Interest Rate Swap, with Goldman Sachs International, based on the U.S. Dollar 5 – Year Interest | 4 | (84) | — | 1/14/13 | 84 | ||||||||||||||||||
(890) | Put Option on Interest Rate Swap, with JP Morgan Chase, based on the U.S. Dollar 5 – Year Interest | 1 | (16) | (8) | 3/18/13 | 8 | ||||||||||||||||||
(890) | Call Option on Interest Rate Swap, with JP Morgan Chase, based on the U.S. Dollar 5 – Year Interest | 1 | (10) | (15) | 3/18/13 | (5) | ||||||||||||||||||
Total | $ | (291) | $ | (23) | $ | 268 |
See accompanying notes to financial statements.
28
HC CAPITAL TRUST
The Institutional Growth Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Interest Rate Swap Agreements^
Notional Amount (000) | Swap Premiums Received/ (Paid) (000) | Amount at Value (000) | Expiration Date | Fixed Rate | Pay/ Receive Floating Rate | Unrealized Appreciation/ (Depreciation) (000) | ||||||||||||||||||||||
Interest Rate Swap Agreement with Deutsche Bank, based on the London Interbank Offer Rate Index | 1300 (AUD) | $ | — | $ | — | 3/15/23 | 4.00 | % | Receive | $ | — | |||||||||||||||||
Interest Rate Swap Agreement with Morgan Stanley Capital Services, Inc., based on the London Interbank Offer Rate Index | $ | 2,700 | — | — | 12/19/22 | 1.75 | % | Pay | — | |||||||||||||||||||
Interest Rate Swap Agreement with Barclays Bank, based on the London Interbank Offer Rate Index | $ | 1,400 | — | — | 12/19/42 | 2.50 | % | Pay | — | |||||||||||||||||||
Interest Rate Swap Agreement with Goldman Sachs, based on the London Interbank Offer Rate Index | $ | 5,300 | 1 | 10 | 7/10/16 | 0.78 | % | Receive | 9 | |||||||||||||||||||
Interest Rate Swap Agreement with Deutsche Bank, based on the Bank Bill Rate Index | 2,400 (AUD) | — | — | 3/15/23 | 3.75 | % | Receive | — | ||||||||||||||||||||
Interest Rate Swap Agreement with Goldman Sachs, based on the London Interbank Offer Rate Index | $ | 8,600 | — | — | 1/4/18 | 1.50 | % | Pay | — | |||||||||||||||||||
Interest Rate Swap Agreement with Barclays Bank, based on the London Interbank Offer Rate Index | 1,900 (AUD) | (12) | 153 | 6/15/22 | 4.75 | % | Receive | 165 | ||||||||||||||||||||
Interest Rate Swap Agreement with Morgan Stanley Capital Services, Inc., based on the Brazil Cetip Interbank Deposit Rate Index | 800 (BRL) | (1) | 1/2/17 | 8.22 | % | Receive | (1) | |||||||||||||||||||||
Interest Rate Swap Agreement with Barclays Bank, based on the London Interbank Offer Rate Index | $ | 11,900 | 1 | — | 6/20/32 | 2.75 | % | Pay | (1) | |||||||||||||||||||
Interest Rate Swap Agreement with Credit Suisse, based on the London Interbank Offer Rate Index | $ | 5,800 | — | — | 6/20/42 | 2.75 | % | Pay | — | |||||||||||||||||||
Interest Rate Swap Agreement with JPMorgan Chase Bank, NA, based on the Bank Bill Interest Rate Index | 7,500 (AUD) | (34) | 604 | 6/15/22 | 4.75 | % | Receive | 638 | ||||||||||||||||||||
Interest Rate Swap Agreement with Citibank, NA, based on the Bank Bill Interest Rate Index | 2,300 (AUD) | (17) | 185 | 6/15/22 | 4.75 | % | Receive | 202 | ||||||||||||||||||||
Interest Rate Swap Agreement with Deutsche Bank, based on the Bank Bill Interest Rate Index | 100 (AUD) | (1) | 8 | 6/15/22 | 4.75 | % | Receive | 9 | ||||||||||||||||||||
Interest Rate Swap Agreement with HSBC Bank, based on the Brazil Cetip Interbank Deposit Rate Index | 18,000 (BRL) | 20 | 452 | 1/2/15 | 10.14 | % | Receive | 432 | ||||||||||||||||||||
Interest Rate Swap Agreement with Deutsche Bank, based on the Brazil Cetip Interbank Deposit Rate Index | 5,800 (BRL) | 2 | 146 | 1/2/15 | 10.14 | % | Receive | 144 | ||||||||||||||||||||
Interest Rate Swap Agreement with Barclays Bank, based on the Brazil Cetip Interbank Deposit Rate Index | 10,900 (BRL) | — | 272 | 1/2/15 | 10.12 | % | Receive | 272 | ||||||||||||||||||||
Interest Rate Swap Agreement with Bank of America NA, based on the Brazil Cetip Interbank Deposit Rate Index | 4,000 (BRL) | 38 | 37 | 1/2/17 | 8.86 | % | Receive | (1) | ||||||||||||||||||||
$ | (2) | $ | 1,866 | $ | 1,868 |
See accompanying notes to financial statements.
29
HC CAPITAL TRUST
The Institutional Growth Equity Portfolio
Portfolio of Investments (concluded) — December 31, 2012 (Unaudited)
^ | Cash has been pledged as collateral for swap agreements held by the Portfolio. |
Amounts designated as “ — ” are $0 or have been rounded to $0.
AUD — Australian Dollar
BRL — Brazilian Real
See accompanying notes to financial statements.
30
HC CAPITAL TRUST
The Small Capitalization Equity Portfolio
Portfolio of Investments — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks — 98.31% | ||||||||
Advertising — 0.50% | ||||||||
1,000 | Arbitron, Inc. | $ | 47 | |||||
100,077 | Harte-Hanks, Inc. | 590 | ||||||
400 | MDC Partners, Inc., Class – A | 5 | ||||||
700 | National CineMedia, Inc. | 10 | ||||||
400 | ReachLocal, Inc. (a) | 5 | ||||||
657 | ||||||||
Aerospace & Defense — 2.73% | ||||||||
8,234 | AAR Corp. | 154 | ||||||
400 | Aerovironment, Inc. (a) | 9 | ||||||
2,162 | Alliant Techsystems, Inc. | 134 | ||||||
60 | American Science & Engineering, Inc. | 4 | ||||||
500 | Astronics Corp. (a) | 11 | ||||||
200 | CPI Aerostructures, Inc. (a) | 2 | ||||||
2,537 | Cubic Corp. | 122 | ||||||
18,994 | Curtiss-Wright Corp. | 624 | ||||||
950 | DigitalGlobe, Inc. (a) | 23 | ||||||
14,465 | Engility Holdings, Inc. (a) | 279 | ||||||
4,297 | Esterline Technologies Corp. (a) | 273 | ||||||
10,832 | Exelis, Inc. | 122 | ||||||
1,700 | GenCorp, Inc. (a) | 15 | ||||||
6,678 | GeoEye, Inc. (a) | 205 | ||||||
1,950 | HEICO Corp. | 87 | ||||||
3,700 | Hexcel Corp. (a) | 100 | ||||||
10,829 | Huntington Ingalls Industries, Inc. | 469 | ||||||
100 | LMI Aerospace, Inc. (a) | 2 | ||||||
5,328 | Moog, Inc., Class – A (a) | 219 | ||||||
1,511 | National Presto Industries, Inc. | 104 | ||||||
20,818 | Orbital Sciences Corp. (a) | 287 | ||||||
300 | Sypris Solutions, Inc. | 1 | ||||||
2,000 | TASER International, Inc. (a) | 18 | ||||||
456 | Teledyne Technologies, Inc. (a) | 30 | ||||||
400 | The KEYW Holding Corp. (a) | 5 | ||||||
4,391 | Triumph Group, Inc. | 287 | ||||||
3,586 | ||||||||
Agricultural Products — 0.10% | ||||||||
100 | Alico, Inc. | 4 | ||||||
7,766 | Darling International, Inc. (a) | 124 | ||||||
300 | Limoneira Co. | 6 | ||||||
134 | ||||||||
Air Freight & Logistics — 0.49% | ||||||||
20,750 | Air Transport Services Group, Inc. (a) | 83 | ||||||
2,576 | Atlas Air Worldwide Holdings, Inc. (a) | 114 | ||||||
1,100 | Forward Air Corp. | 39 | ||||||
7,147 | Hub Group, Inc., Class – A (a) | 240 | ||||||
100 | Pacer International, Inc. (a) | — |
Shares | Security Description | Value (000) | ||||||
Air Freight & Logistics (continued) | ||||||||
300 | Park-Ohio Holdings Corp. (a) | $ | 7 | |||||
11,430 | UTI Worldwide, Inc. | 153 | ||||||
700 | XPO Logistics, Inc. (a) | 12 | ||||||
648 | ||||||||
Airlines — 1.44% | ||||||||
8,616 | Alaska Air Group, Inc. (a) | 371 | ||||||
533 | Allegiant Travel Co. | 39 | ||||||
16,620 | Hawaiian Holdings, Inc. (a) | 109 | ||||||
37,891 | JetBlue Airways Corp. (a) | 217 | ||||||
1,000 | Republic Airways Holdings, Inc. (a) | 6 | ||||||
100 | SkyWest, Inc. | 1 | ||||||
1,600 | Spirit Airlines, Inc. (a) | 28 | ||||||
40,640 | United Continental Holdings, Inc. (a) | 950 | ||||||
12,400 | US Airways Group, Inc. (a) | 168 | ||||||
1,889 | ||||||||
Airport Services — 0.00% | ||||||||
200 | Wesco Aircraft Holdings, Inc. (a) | 3 | ||||||
Alternative Carriers — 0.22% | ||||||||
2,700 | 8x8, Inc. (a) | 20 | ||||||
600 | Boingo Wireless, Inc. (a) | 4 | ||||||
1,300 | inContact, Inc. (a) | 7 | ||||||
300 | Iridium Communications, Inc. (a) | 2 | ||||||
600 | Lumos Networks Corp. | 6 | ||||||
400 | MagicJack VocalTec Ltd. (a) | 7 | ||||||
24,103 | Premiere Global Services, Inc. (a) | 236 | ||||||
1,800 | Towerstream Corp. (a) | 6 | ||||||
288 | ||||||||
Aluminum — 0.01% | ||||||||
1,200 | Noranda Aluminum Holding Corp. | 7 | ||||||
Apparel Retail — 1.43% | ||||||||
46,290 | Aeropostale, Inc. (a) | 602 | ||||||
1,800 | Ann, Inc. (a) | 61 | ||||||
600 | Body Central Corp. (a) | 6 | ||||||
30,457 | Casual Male Retail Group, Inc. (a) | 128 | ||||||
12,768 | Chico's FAS, Inc. | 236 | ||||||
200 | Destination Maternity Corp. | 4 | ||||||
3,300 | Express, Inc. (a) | 50 | ||||||
1,300 | Francesca's Holdings Corp. (a) | 34 | ||||||
900 | Genesco, Inc. (a) | 50 | ||||||
1,500 | Hot Topic, Inc. | 14 | ||||||
952 | Jos. A. Bank Clothiers, Inc. (a) | 41 | ||||||
700 | New York & Co., Inc. (a) | 3 | ||||||
3,500 | Rue21, Inc. (a) | 99 | ||||||
5,035 | Shoe Carnival, Inc. | 103 | ||||||
13,671 | Stein Mart, Inc. | 103 | ||||||
3,687 | The Buckle, Inc. | 165 |
See accompanying notes to financial statements.
31
HC CAPITAL TRUST
The Small Capitalization Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Apparel Retail (continued) | ||||||||
4,500 | The Cato Corp., Class – A | $ | 123 | |||||
344 | The Children's Place Retail Stores, Inc. (a) | 15 | ||||||
700 | The Finish Line, Inc., Class – A | 13 | ||||||
400 | The Men's Wearhouse, Inc. | 12 | ||||||
300 | Tilly's, Inc., Class – A Shares (a) | 4 | ||||||
800 | Zumiez, Inc. (a) | 16 | ||||||
1,882 | ||||||||
Apparel, Accessories & Luxury Goods — 1.10% | ||||||||
300 | Cherokee, Inc. | 4 | ||||||
200 | Fifth & Pacific Cos., Inc. (a) | 2 | ||||||
4,719 | G-III Apparel Group Ltd. (a) | 162 | ||||||
4,090 | Hanesbrands, Inc. (a) | 147 | ||||||
6,100 | Maidenform Brands, Inc. (a) | 119 | ||||||
53 | Movado Group, Inc. | 2 | ||||||
500 | Oxford Industries, Inc. | 23 | ||||||
49,833 | The Jones Group, Inc. | 551 | ||||||
1,330 | The Warnaco Group, Inc. (a) | 95 | ||||||
1,000 | True Religion Apparel, Inc. | 25 | ||||||
4,672 | Under Armour, Inc., Class – A (a) | 227 | ||||||
3,200 | Vera Bradley, Inc. (a) | 80 | ||||||
1,437 | ||||||||
Application Software — 1.95% | ||||||||
1,458 | ACI Worldwide, Inc. (a) | 64 | ||||||
1,700 | Actuate Corp. (a) | 10 | ||||||
6,130 | Advent Software, Inc. (a) | 131 | ||||||
900 | American Software, Inc., Class – A | 7 | ||||||
3,300 | Aspen Technology, Inc. (a) | 91 | ||||||
1,700 | Blackbaud, Inc. | 39 | ||||||
400 | Bottomline Technologies, Inc. (a) | 11 | ||||||
1,000 | BroadSoft, Inc. (a) | 36 | ||||||
1,200 | Callidus Software, Inc. (a) | 5 | ||||||
11,562 | Compuware Corp. (a) | 126 | ||||||
790 | Comverse, Inc. (a) | 23 | ||||||
300 | Digimarc Corp. | 6 | ||||||
6,188 | Ebix, Inc. | 99 | ||||||
900 | Ellie Mae, Inc. (a) | 25 | ||||||
100 | EPIQ Systems, Inc. | 1 | ||||||
3,238 | ePlus, Inc. | 134 | ||||||
200 | Exa Corp. (a) | 2 | ||||||
3,762 | Fair Isaac Corp. | 158 | ||||||
600 | Guidance Software, Inc. (a) | 7 | ||||||
800 | Guidewire Software, Inc. (a) | 24 | ||||||
600 | Interactive Intelligence Group (a) | 20 | ||||||
600 | Jive Software, Inc. (a) | 9 | ||||||
748 | Manhattan Associates, Inc. (a) | 45 | ||||||
8,876 | Mentor Graphics Corp. (a) | 151 |
Shares | Security Description | Value (000) | ||||||
Application Software (continued) | ||||||||
304 | MicroStrategy, Inc., Class – A (a) | $ | 28 | |||||
1,400 | Monotype Imaging Holdings, Inc. | 22 | ||||||
1,400 | NetScout Systems, Inc. (a) | 36 | ||||||
15,336 | Parametric Technology Corp. (a) | 345 | ||||||
600 | Pegasystems, Inc. | 14 | ||||||
800 | PROS Holdings, Inc. (a) | 15 | ||||||
209 | QAD, Inc., Class – A | 3 | ||||||
3,200 | QLIK Technologies, Inc. (a) | 70 | ||||||
1,300 | RealPage, Inc. (a) | 28 | ||||||
3,053 | SolarWinds, Inc. (a) | 160 | ||||||
400 | SS&C Technologies Holdings, Inc. (a) | 9 | ||||||
1,000 | Synchronoss Technologies, Inc. (a) | 21 | ||||||
1,100 | Tangoe, Inc. (a) | 13 | ||||||
992 | The Ultimate Software Group, Inc. (a) | 94 | ||||||
3,570 | TIBCO Software, Inc. (a) | 79 | ||||||
22,211 | TiVo, Inc. (a) | 274 | ||||||
1,100 | Tyler Technologies, Inc. (a) | 53 | ||||||
800 | Verint Systems, Inc. (a) | 23 | ||||||
1,600 | VirnetX Holding Corp. (a) | 47 | ||||||
2,558 | ||||||||
Asset Management & Custody Banks — 0.66% | ||||||||
9,209 | Calamos Asset Management, Inc., Class – A | 97 | ||||||
700 | Cohen & Steers, Inc. | 21 | ||||||
100 | Diamond Hill Investment Group, Inc. | 7 | ||||||
600 | Epoch Holding Corp. | 17 | ||||||
17,003 | Fifth Street Finance Corp. | 177 | ||||||
1,700 | Financial Engines, Inc. (a) | 47 | ||||||
247 | GAMCO Investors, Inc., Class – A | 13 | ||||||
100 | ICG Group, Inc. (a) | 1 | ||||||
4,554 | Main Street Capital Corp. | 139 | ||||||
300 | Pzena Investment Management, Inc., Class – A | 2 | ||||||
100 | Stellus Capital Investment Corp. | 2 | ||||||
125 | Virtus Investment Partners, Inc. (a) | 15 | ||||||
8,909 | Waddell & Reed Financial, Inc., Class – A | 310 | ||||||
258 | Westwood Holdings Group, Inc. | 11 | ||||||
2,100 | WisdomTree Investments, Inc. (a) | 13 | ||||||
872 | ||||||||
Auto Parts & Equipment — 0.77% | ||||||||
3,128 | Autoliv, Inc. | 211 | ||||||
14,850 | Dana Holding Corp. | 232 | ||||||
908 | Dorman Products, Inc. | 32 | ||||||
400 | Drew Industries, Inc. | 13 | ||||||
9,863 | Federal-Mogul Corp. (a) | 79 | ||||||
100 | Fuel Systems Solutions, Inc. (a) | 1 | ||||||
1,100 | Gentherm, Inc. (a) | 15 | ||||||
15,061 | Modine Manufacturing Co. (a) | 122 | ||||||
7,694 | Standard Motor Products, Inc. | 171 |
See accompanying notes to financial statements.
32
HC CAPITAL TRUST
The Small Capitalization Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Auto Parts & Equipment (continued) | ||||||||
3,800 | Tenneco, Inc. (a) | $ | 133 | |||||
200 | Tower International, Inc. (a) | 2 | ||||||
1,011 | ||||||||
Automobile Manufacturers — 0.19% | ||||||||
6,400 | Thor Industries, Inc. | 240 | ||||||
300 | Winnebago Industries, Inc. (a) | 5 | ||||||
245 | ||||||||
Automotive Retail — 0.31% | ||||||||
300 | America's Car-Mart, Inc. (a) | 12 | ||||||
900 | Asbury Automotive Group, Inc. (a) | 29 | ||||||
2,305 | Group 1 Automotive, Inc. | 143 | ||||||
1,200 | Monro Muffler Brake, Inc. | 42 | ||||||
400 | Penske Automotive Group, Inc. | 12 | ||||||
7,792 | Sonic Automotive, Inc., Class – A | 163 | ||||||
401 | ||||||||
Biotechnology — 2.21% | ||||||||
2,200 | Achillion Pharmaceuticals, Inc. (a) | 18 | ||||||
1,500 | Acorda Therapeutics, Inc. (a) | 37 | ||||||
1,400 | Affymax, Inc. (a) | 27 | ||||||
500 | Agenus, Inc. (a) | 2 | ||||||
4,600 | Alkermes PLC (a) | 85 | ||||||
1,700 | Alnylam Pharmaceuticals, Inc. (a) | 31 | ||||||
600 | AMAG Pharmaceuticals, Inc. (a) | 9 | ||||||
1,100 | Amicus Therapeutics, Inc. (a) | 3 | ||||||
600 | Anacor Pharmaceuticals, Inc. (a) | 3 | ||||||
7,100 | Arena Pharmaceuticals, Inc. (a) | 64 | ||||||
2,200 | ArQule, Inc. (a) | 6 | ||||||
4,300 | Array BioPharma, Inc. (a) | 16 | ||||||
51,129 | Astex Pharmaceuticals, Inc. (a) | 149 | ||||||
1,257 | Aveo Phamaceuticals, Inc. (a) | 10 | ||||||
1,800 | BioCryst Pharmaceuticals, Inc. (a) | 3 | ||||||
1,154 | BioMarin Pharmaceutical, Inc. (a) | 57 | ||||||
200 | BioSpecifics Technologies Corp. (a) | 3 | ||||||
1,200 | BioTime, Inc. (a) | 4 | ||||||
2,300 | Celldex Therapeutics, Inc. (a) | 15 | ||||||
8,785 | Cepheid, Inc. (a) | 297 | ||||||
200 | ChemoCentryx, Inc. (a) | 2 | ||||||
500 | Clovis Oncology, Inc. (a) | 8 | ||||||
500 | Coronado Biosciences, Inc. (a) | 2 | ||||||
5,704 | Cubist Pharmaceuticals, Inc. (a) | 240 | ||||||
2,200 | Curis, Inc. (a) | 8 | ||||||
1,900 | Cytori Therapeutics, Inc. (a) | 5 | ||||||
5,800 | Dendreon Corp. (a) | 31 | ||||||
1,600 | Discovery Laboratories, Inc. (a) | 3 | ||||||
300 | Durata Therapeutics, Inc. (a) | 2 |
Shares | Security Description | Value (000) | ||||||
Biotechnology (continued) | ||||||||
3,600 | Dyax Corp. (a) | $ | 13 | |||||
5,500 | Dynavax Technologies Corp. (a) | 16 | ||||||
7,162 | Emergent BioSolutions, Inc. (a) | 115 | ||||||
2,300 | Exact Sciences Corp. (a) | 24 | ||||||
600 | Genomic Health, Inc. (a) | 16 | ||||||
900 | GTx, Inc. (a) | 4 | ||||||
3,400 | Halozyme Therapeutics, Inc. (a) | 23 | ||||||
500 | Horizon Pharma, Inc. (a) | 1 | ||||||
100 | Hyperion Therapeutics, Inc. (a) | 1 | ||||||
3,000 | Idenix Pharmaceuticals, Inc. (a) | 15 | ||||||
2,000 | ImmunoCellular Therapeutics Ltd. (a) | 4 | ||||||
2,400 | ImmunoGen, Inc. (a) | 31 | ||||||
2,700 | Immunomedics, Inc. (a) | 8 | ||||||
1,100 | Infinity Pharmaceuticals, Inc. (a) | 39 | ||||||
100 | Intercept Pharmaceuticals, Inc. (a) | 3 | ||||||
10,000 | InterMune, Inc. (a) | 97 | ||||||
2,800 | Ironwood Pharmaceuticals, Inc. (a) | 31 | ||||||
3,800 | Isis Pharmaceuticals, Inc. (a) | 40 | ||||||
2,800 | Keryx Biopharmaceuticals, Inc. (a) | 7 | ||||||
200 | KYTHERA Biopharmaceuticals, Inc. (a) | 6 | ||||||
3,300 | Lexicon Pharmaceuticals, Inc. (a) | 7 | ||||||
616 | Ligand Pharmaceuticals, Inc., Class – B (a) | 13 | ||||||
4,100 | MannKind Corp. (a) | 9 | ||||||
16,662 | Maxygen, Inc. | 41 | ||||||
600 | Merrimack Pharmaceuticals, Inc. (a) | 4 | ||||||
700 | Momenta Pharmaceuticals, Inc. (a) | 8 | ||||||
6,973 | Myriad Genetics, Inc. (a) | 190 | ||||||
26,695 | Nanosphere, Inc. (a) | 77 | ||||||
2,400 | Neurocrine Biosciences, Inc. (a) | 18 | ||||||
500 | NewLink Genetics Corp. (a) | 6 | ||||||
4,400 | Novavax, Inc. (a) | 8 | ||||||
2,100 | NPS Pharmaceuticals, Inc. (a) | 19 | ||||||
1,000 | Omeros Corp. (a) | 5 | ||||||
600 | OncoGenex Pharmaceutical, Inc. (a) | 8 | ||||||
2,100 | Oncothyreon, Inc. (a) | 4 | ||||||
4,000 | Opko Health, Inc. (a) | 19 | ||||||
2,700 | Orexigen Therapeutics, Inc. (a) | 14 | ||||||
700 | Osiris Therapeutics, Inc. (a) | 6 | ||||||
20,306 | PDL BioPharma, Inc. | 143 | ||||||
2,000 | Pharmacyclics, Inc. (a) | 116 | ||||||
1,600 | Progenics Pharmaceuticals, Inc. (a) | 5 | ||||||
400 | Regulus Therapeutics, Inc. (a) | 3 | ||||||
1,000 | Repligen Corp. (a) | 6 | ||||||
2,500 | Rigel Pharmaceuticals, Inc. (a) | 16 | ||||||
1,900 | Sangamo BioSciences, Inc. (a) | 11 | ||||||
17,120 | SciClone Pharmaceuticals, Inc. (a) | 74 | ||||||
3,500 | Seattle Genetics, Inc. (a) | 81 |
See accompanying notes to financial statements.
33
HC CAPITAL TRUST
The Small Capitalization Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Biotechnology (continued) | ||||||||
1,300 | SIGA Technologies, Inc. (a) | $ | 3 | |||||
8,999 | Spectrum Pharmaceuticals, Inc. | 101 | ||||||
1,200 | Sunesis Pharmaceuticals, Inc. (a) | 5 | ||||||
400 | Synageva BioPharma Corp. (a) | 19 | ||||||
1,500 | Synergy Pharmaceuticals, Inc. (a) | 8 | ||||||
1,400 | Synta Pharmaceuticals Corp. (a) | 13 | ||||||
100 | Tesaro, Inc. (a) | 2 | ||||||
2,300 | Theravance, Inc. (a) | 51 | ||||||
1,600 | Threshold Pharmaceuticals, Inc. (a) | 7 | ||||||
200 | Transcept Pharmaceuticals, Inc. (a) | 1 | ||||||
900 | Trius Therapeutics, Inc. (a) | 4 | ||||||
2,100 | United Therapeutics Corp. (a) | 112 | ||||||
1,200 | Vanda Pharmaceuticals, Inc. (a) | 4 | ||||||
200 | Verastem, Inc. (a) | 2 | ||||||
3,000 | Vical, Inc. (a) | 9 | ||||||
2,600 | XOMA Corp. (a) | 6 | ||||||
2,400 | ZIOPHARM Oncology, Inc. (a) | 10 | ||||||
2,198 | Zogenix, Inc. (a) | 3 | ||||||
2,905 | ||||||||
Brewers — 0.03% | ||||||||
200 | Craft Brew Alliance, Inc. (a) | 1 | ||||||
282 | The Boston Beer Co., Inc., Class – A (a) | 38 | ||||||
39 | ||||||||
Broadcasting — 0.01% | ||||||||
1,200 | Belo Corp., Class – A | 9 | ||||||
100 | Nexstar Broadcasting Group, Inc., Class – A (a) | 1 | ||||||
100 | Sinclair Broadcast Group, Inc., Class – A | 2 | ||||||
12 | ||||||||
Building Products — 1.89% | ||||||||
4,472 | A.O. Smith Corp. | 282 | ||||||
750 | AAON, Inc. | 16 | ||||||
600 | Ameresco, Inc., Class – A (a) | 6 | ||||||
100 | American Woodmark Corp. (a) | 3 | ||||||
7,240 | Apogee Enterprises, Inc. | 173 | ||||||
1,700 | Builders FirstSource, Inc. (a) | 9 | ||||||
14,827 | Fortune Brands Home & Security, Inc. (a) | 433 | ||||||
65,747 | Griffon Corp. | 753 | ||||||
6,640 | Lennox International, Inc. | 349 | ||||||
300 | Nortek, Inc. (a) | 20 | ||||||
100 | Owens Corning, Inc. (a) | 4 | ||||||
200 | Patrick Industries, Inc. (a) | 3 | ||||||
400 | PGT, Inc. (a) | 2 | ||||||
200 | Simpson Manufacturing Co., Inc. | 6 | ||||||
3,430 | Trex Co., Inc. (a) | 128 | ||||||
5,436 | Universal Forest Products, Inc. | 207 |
Shares | Security Description | Value (000) | ||||||
Building Products (continued); | ||||||||
2,800 | USG Corp. (a) | $ | 79 | |||||
2,473 | ||||||||
Cable & Satellite — 0.00% | ||||||||
200 | Outdoor Channel Holdings, Inc. | 2 | ||||||
Casinos & Gaming — 0.39% | ||||||||
1,100 | Ameristar Casinos, Inc. | 29 | ||||||
200 | Boyd Gaming Corp. (a) | 1 | ||||||
1,200 | Caesars Entertainment Corp. (a) | 8 | ||||||
1,983 | Churchill Downs, Inc. | 132 | ||||||
11,700 | Monarch Casino & Resort, Inc. (a) | 128 | ||||||
800 | MTR Gaming Group, Inc. (a) | 3 | ||||||
1,000 | Multimedia Games Holding Co., Inc. (a) | 15 | ||||||
200 | Pinnacle Entertainment, Inc. (a) | 3 | ||||||
300 | Scientific Games Corp., Class – A (a) | 3 | ||||||
2,000 | SHFL Entertainment, Inc. (a) | 29 | ||||||
9,058 | WMS Industries, Inc. (a) | 158 | ||||||
509 | ||||||||
Catalog Retail — 0.05% | ||||||||
1,300 | HSN, Inc. | 72 | ||||||
Coal & Consumable Fuels — 0.30% | ||||||||
6,357 | Cloud Peak Energy, Inc. (a) | 123 | ||||||
2,100 | CONSOL Energy, Inc. | 67 | ||||||
13,962 | Hallador Energy Co. | 115 | ||||||
11,600 | KiOR, Inc., Class – A (a) | 74 | ||||||
1,200 | Solazyme, Inc. (a) | 10 | ||||||
2,600 | Uranerz Energy Corp. (a) | 4 | ||||||
1,500 | Uranium Energy Corp. (a) | 4 | ||||||
397 | ||||||||
Commercial Printing — 0.23% | ||||||||
5,565 | Deluxe Corp. | 179 | ||||||
6,985 | Ennis, Inc. | 108 | ||||||
1,200 | InnerWorkings, Inc. (a) | 17 | ||||||
304 | ||||||||
Commodity Chemicals — 0.49% | ||||||||
700 | Arabian American Development Co. (a) | 6 | ||||||
1,800 | Calgon Carbon Corp. (a) | 25 | ||||||
3,520 | Georgia Gulf Corp. | 145 | ||||||
300 | Hawkins, Inc. | 12 | ||||||
800 | Koppers Holdings, Inc. | 30 | ||||||
7,768 | Methanex Corp. | 248 | ||||||
2,062 | Westlake Chemical Corp. | 163 | ||||||
900 | Zagg, Inc. (a) | 7 | ||||||
636 | ||||||||
Communications Equipment — 1.20% | ||||||||
5,295 | ADTRAN, Inc. | 103 | ||||||
100 | Anaren, Inc. (a) | 2 |
See accompanying notes to financial statements.
34
HC CAPITAL TRUST
The Small Capitalization Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Communications Equipment (continued) | ||||||||
11,808 | Arris Group, Inc. (a) | $ | 176 | |||||
11,689 | Aruba Networks, Inc. (a) | 243 | ||||||
400 | Aware, Inc. | 2 | ||||||
3,625 | Black Box Corp. | 88 | ||||||
1,100 | CalAmp Corp. (a) | 9 | ||||||
546 | Calix, Inc. (a) | 4 | ||||||
2,800 | Ciena Corp. (a) | 44 | ||||||
8,200 | Comverse Technology, Inc. | 31 | ||||||
3,400 | Extreme Networks, Inc. (a) | 12 | ||||||
11,387 | Globecomm Systems, Inc. (a) | 129 | ||||||
3,700 | Infinera Corp. (a) | 22 | ||||||
1,548 | InterDigital, Inc. | 64 | ||||||
1,600 | Ixia (a) | 27 | ||||||
500 | KVH Industries, Inc. (a) | 7 | ||||||
379 | Loral Space & Communications, Inc. | 21 | ||||||
600 | NETGEAR, Inc. (a) | 24 | ||||||
400 | NumereX Corp., Class – A (a) | 5 | ||||||
7,914 | Oplink Communications, Inc. (a) | 123 | ||||||
700 | ORBCOMM, Inc. (a) | 3 | ||||||
2,800 | ParkerVision, Inc. (a) | 6 | ||||||
500 | Plantronics, Inc. | 18 | ||||||
9,816 | Polycom, Inc. (a) | 103 | ||||||
700 | Procera Networks, Inc. (a) | 13 | ||||||
6,787 | Riverbed Technology, Inc. (a) | 134 | ||||||
100 | Ruckus Wireless, Inc. (a) | 2 | ||||||
1,900 | ShoreTel, Inc. (a) | 8 | ||||||
700 | Sonus Networks, Inc. (a) | 1 | ||||||
400 | Telular Corp. | 4 | ||||||
400 | Ubiquiti Networks, Inc. | 5 | ||||||
1,444 | ViaSat, Inc. (a) | 56 | ||||||
44,125 | Westell Technologies, Inc., Class – A (a) | 82 | ||||||
1,571 | ||||||||
Computer & Electronics Retail — 0.69% | ||||||||
5,778 | GameStop Corp., Class – A | 145 | ||||||
9,423 | hhgregg, Inc. (a) | 66 | ||||||
26,302 | RadioShack Corp. | 56 | ||||||
13,002 | Rent-A-Center, Inc. | 446 | ||||||
5,539 | REX American Resources Corp. (a) | 107 | ||||||
9,006 | Systemax, Inc. | 87 | ||||||
907 | ||||||||
Computer Hardware — 0.03% | ||||||||
1,400 | Cray, Inc. (a) | 23 | ||||||
100 | Silicon Graphics International Corp. (a) | 1 | ||||||
1,000 | Super Micro Computer, Inc. (a) | 10 | ||||||
34 |
Shares | Security Description | Value (000) | ||||||
Computer Storage & Peripherals (continued) | ||||||||
600 | Datalink Corp. (a) | $ | 5 | |||||
100 | Electronics for Imaging, Inc. (a) | 2 | ||||||
1,000 | Immersion Corp. (a) | 7 | ||||||
300 | Intermec, Inc. (a) | 3 | ||||||
4,010 | Lexmark International, Inc., Class – A | 93 | ||||||
8,763 | QLogic Corp. (a) | 85 | ||||||
5,450 | Synaptics, Inc. (a) | 163 | ||||||
5,918 | Western Digital Corp. | 252 | ||||||
610 | ||||||||
Construction & Engineering — 1.67% | ||||||||
6,516 | AECOM Technology Corp. (a) | 155 | ||||||
200 | Aegion Corp. (a) | 4 | ||||||
100 | Argan, Inc. | 2 | ||||||
1,100 | Dycom Industries, Inc. (a) | 22 | ||||||
5,873 | Foster Wheeler AG (a) | 143 | ||||||
300 | Great Lakes Dredge & Dock Co. | 3 | ||||||
1,766 | Jacobs Engineering Group, Inc. (a) | 75 | ||||||
8,425 | MasTec, Inc. (a) | 210 | ||||||
13,050 | McDermott International, Inc. (a) | 144 | ||||||
4,077 | Michael Baker Corp. | 102 | ||||||
400 | MYR Group, Inc. (a) | 9 | ||||||
19,631 | Pike Electric Corp. | 187 | ||||||
14,451 | Primoris Services Corp. | 217 | ||||||
10,637 | Quanta Services, Inc. (a) | 290 | ||||||
10,354 | Sterling Construction Co., Inc. (a) | 103 | ||||||
38,245 | Tutor Perini Corp. (a) | 524 | ||||||
2,190 | ||||||||
Construction & Farm Machinery & Heavy Trucks — 1.13% | ||||||||
3,296 | Alamo Group, Inc. | 108 | ||||||
2,844 | CNH Global NV – NYS | 115 | ||||||
1,000 | Commercial Vehicle Group, Inc. (a) | 8 | ||||||
200 | Federal Signal Corp. (a) | 1 | ||||||
454 | Lindsay Corp. | 36 | ||||||
17,710 | Meritor, Inc. (a) | 84 | ||||||
6,500 | Miller Industries, Inc. | 99 | ||||||
913 | NACCO Industries, Inc., Class – A | 55 | ||||||
5,220 | Oshkosh Corp. (a) | 155 | ||||||
400 | Sauer-Danfoss, Inc. | 21 | ||||||
1,800 | Titan International, Inc. | 39 | ||||||
4,406 | Trinity Industries, Inc. | 158 | ||||||
39,220 | Wabash National Corp. (a) | 352 | ||||||
2,785 | WABCO Holdings, Inc. (a) | 182 | ||||||
2,702 | Westport Innovations, Inc. (a) | 72 | ||||||
1,485 |
See accompanying notes to financial statements.
35
HC CAPITAL TRUST
The Small Capitalization Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Construction Materials — 0.49% | ||||||||
8,396 | Eagle Materials, Inc. | $ | 491 | |||||
2,200 | Headwaters, Inc. (a) | 19 | ||||||
1,300 | Martin Marietta Materials, Inc. | 122 | ||||||
100 | United States Lime & Minerals, Inc. (a) | 5 | ||||||
637 | ||||||||
Consumer Electronics — 0.27% | ||||||||
4,008 | Harman International Industries, Inc. | 179 | ||||||
600 | Skullcandy, Inc. (a) | 5 | ||||||
8,596 | Universal Electronics, Inc. (a) | 166 | ||||||
350 | ||||||||
Consumer Finance — 0.57% | ||||||||
2,918 | Cash America International, Inc. | 116 | ||||||
278 | Credit Acceptance Corp. (a) | 28 | ||||||
1,300 | DFC Global Corp. (a) | 24 | ||||||
6,326 | EZCORP, Inc., Class – A (a) | 126 | ||||||
1,052 | First Cash Financial Services, Inc. (a) | 52 | ||||||
7,900 | Green Dot Corp., Class – A (a) | 96 | ||||||
4,627 | Nelnet, Inc., Class – A | 138 | ||||||
1,100 | Netspend Holdings, Inc. (a) | 13 | ||||||
200 | Regional Management Corp. (a) | 3 | ||||||
1,966 | World Acceptance Corp. (a) | 147 | ||||||
743 | ||||||||
Data Processing & Outsourced Services — 1.43% | ||||||||
4,962 | Broadridge Financial Solutions, Inc. | 114 | ||||||
1,613 | Cardtronics, Inc. (a) | 38 | ||||||
3,360 | Cass Information Systems, Inc. | 142 | ||||||
7,289 | Convergys Corp. | 120 | ||||||
5,710 | CoreLogic, Inc. (a) | 154 | ||||||
6,909 | CSG Systems International, Inc. (a) | 126 | ||||||
1,953 | DST Systems, Inc. | 118 | ||||||
600 | Echo Global Logistics, Inc. (a) | 11 | ||||||
900 | Exlservice Holdings, Inc. (a) | 24 | ||||||
16,974 | Global Cash Access Holdings, Inc. (a) | 133 | ||||||
1,834 | Global Payments, Inc. | 83 | ||||||
1,400 | Heartland Payment Systems, Inc. | 41 | ||||||
800 | Innodata Isogen, Inc. (a) | 3 | ||||||
5,151 | Jack Henry & Associates, Inc. | 202 | ||||||
187 | MoneyGram International, Inc. (a) | 2 | ||||||
3,514 | Syntel, Inc. | 188 | ||||||
6,615 | TeleTech Holdings, Inc. (a) | 118 | ||||||
900 | TNS, Inc. (a) | 19 | ||||||
4,660 | VeriFone Systems, Inc. (a) | 138 | ||||||
1,419 | WEX, Inc. (a) | 107 | ||||||
1,881 |
Shares | Security Description | Value (000) | ||||||
Department Stores — 0.10% | ||||||||
1,633 | Dillard's, Inc., Class – A | $ | 137 | |||||
Distributors — 0.12% | ||||||||
100 | Core-Mark Holding Co., Inc. | 5 | ||||||
1,800 | Pool Corp. | 76 | ||||||
11,705 | VOXX International Corp. (a) | 79 | ||||||
160 | ||||||||
Diversified Banks — 0.08% | ||||||||
5,011 | Banco Latinoamericano de Comercio Exterior SA, Class – E | 108 | ||||||
Diversified Capital Markets — 0.01% | ||||||||
1,000 | HFF, Inc., Class – A | 15 | ||||||
Diversified Chemicals — 0.90% | ||||||||
12,857 | Cabot Corp. | 512 | ||||||
8,431 | FMC Corp. | 493 | ||||||
400 | LSB Industries, Inc. (a) | 14 | ||||||
7,250 | Olin Corp. | 157 | ||||||
1,176 | ||||||||
Diversified Metals & Mining — 0.18% | ||||||||
900 | AMCOL International Corp. | 28 | ||||||
400 | General Moly, Inc. (a) | 2 | ||||||
150 | Globe Specialty Metals, Inc. | 2 | ||||||
10,100 | Horsehead Holding Corp. (a) | 103 | ||||||
100 | Materion Corp. | 3 | ||||||
2,006 | RTI International Metals, Inc. (a) | 55 | ||||||
1,800 | SunCoke Energy, Inc. (a) | 28 | ||||||
2,000 | United States Antimony Corp. (a) | 3 | ||||||
400 | US Silica Holdings, Inc. | 7 | ||||||
231 | ||||||||
Diversified Real Estate Activities — 0.23% | ||||||||
5,686 | Alexander & Baldwin, Inc. (a) | 167 | ||||||
4,462 | Coresite Realty Corp. | 123 | ||||||
500 | Tejon Ranch Co. (a) | 14 | ||||||
304 | ||||||||
Diversified Real Estate Investment Trusts — 0.56% | ||||||||
25,488 | CapLease, Inc. | 142 | ||||||
4,810 | Colonial Properties Trust | 103 | ||||||
13,592 | Cousins Properties, Inc. | 113 | ||||||
42,085 | Gramercy Capital Corp. (a) | 124 | ||||||
40 | Gyrodyne Co. of America, Inc. | 3 | ||||||
2,091 | PS Business Parks, Inc. | 136 | ||||||
200 | Spirit Realty Capital, Inc. | 3 | ||||||
800 | Washington Real Estate Investment Trust | 21 | ||||||
8,623 | Winthrop Realty Trust, Inc. | 95 | ||||||
740 |
See accompanying notes to financial statements.
36
HC CAPITAL TRUST
The Small Capitalization Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Diversified Support Services — 0.34% | ||||||||
400 | Comfort Systems USA, Inc. | $ | 5 | |||||
300 | EnerNOC, Inc. (a) | 4 | ||||||
2,500 | Healthcare Services Group, Inc. | 58 | ||||||
3,500 | Higher One Holdings, Inc. (a) | 37 | ||||||
200 | Intersections, Inc. | 2 | ||||||
6,620 | KAR Auction Services, Inc. | 134 | ||||||
500 | McGrath Rentcorp | 14 | ||||||
200 | Performant Financial Corp. (a) | 2 | ||||||
800 | PRGX Global, Inc. (a) | 5 | ||||||
2,951 | Ritchie Bros. Auctioneers, Inc. | 62 | ||||||
200 | TMS International Corp., Class – A (a) | 2 | ||||||
1,627 | UniFirst Corp. | 119 | ||||||
444 | ||||||||
Drug Retail — 0.00% | ||||||||
1,800 | Rite Aid Corp. (a) | 2 | ||||||
Education Services — 0.84% | ||||||||
700 | American Public Education, Inc. (a) | 25 | ||||||
5,415 | Bridgepoint Education, Inc. (a) | 56 | ||||||
3,456 | Capella Education Co. (a) | 98 | ||||||
14,453 | DeVry, Inc. | 343 | ||||||
1,450 | Grand Canyon Education, Inc. (a) | 34 | ||||||
1,779 | ITT Educational Services, Inc. (a) | 31 | ||||||
19,149 | K12, Inc. (a) | 391 | ||||||
17,000 | Lincoln Educational Services Corp. | 95 | ||||||
300 | National American University Holdings, Inc. | 1 | ||||||
423 | Strayer Education, Inc. | 24 | ||||||
500 | Universal Technical Institute, Inc. | 5 | ||||||
1,103 | ||||||||
Electric Utilities — 0.86% | ||||||||
2,507 | ALLETE, Inc. | 103 | ||||||
3,840 | Avista Corp. | 92 | ||||||
2,489 | Cleco Corp. | 100 | ||||||
7,450 | El Paso Electric Co. | 238 | ||||||
2,487 | IDACORP, Inc. | 108 | ||||||
2,138 | ITC Holdings Corp. | 164 | ||||||
100 | Otter Tail Corp. | 2 | ||||||
4,012 | Portland General Electric Co. | 110 | ||||||
5,030 | The Empire District Electric Co. | 102 | ||||||
2,683 | UNS Energy Corp. | 114 | ||||||
1,133 | ||||||||
Electrical Components & Equipment — 2.45% | ||||||||
1,545 | Acuity Brands, Inc. | 105 | ||||||
437 | Analogic Corp. | 32 | ||||||
8,098 | Anixter International, Inc. | 518 | ||||||
11,452 | Belden, Inc. | 515 |
Shares | Security Description | Value (000) | ||||||
Electrical Components & Equipment (continued) | ||||||||
23,600 | Brady Corp., Class – A | $ | 788 | |||||
8,803 | Chase Corp. | 164 | ||||||
300 | Coleman Cable, Inc. | 3 | ||||||
5,824 | Encore Wire Corp. | 177 | ||||||
8,222 | EnerSys (a) | 309 | ||||||
300 | Enphase Energy, Inc. (a) | 1 | ||||||
800 | Franklin Electric Co., Inc. | 50 | ||||||
1,600 | FuelCell Energy, Inc. (a) | 1 | ||||||
400 | Generac Holdings, Inc. | 14 | ||||||
10,465 | GrafTech International Ltd. (a) | 98 | ||||||
2,075 | Hubbell, Inc., Class – B | 176 | ||||||
1,700 | II-VI, Inc. (a) | 31 | ||||||
145 | Powell Industries, Inc. (a) | 6 | ||||||
1,835 | Preformed Line Products Co. | 109 | ||||||
600 | Thermon Group Holdings, Inc. (a) | 14 | ||||||
200 | Vicor Corp. (a) | 1 | ||||||
2,600 | Woodward, Inc. | 99 | ||||||
3,211 | ||||||||
Electronic Components — 1.08% | ||||||||
9,926 | AVX Corp. | 107 | ||||||
2,547 | Dolby Laboratories, Inc., Class – A | 75 | ||||||
10,713 | DTS, Inc. (a) | 179 | ||||||
1,300 | InvenSense, Inc. (a) | 14 | ||||||
3,876 | Littelfuse, Inc. | 239 | ||||||
12,813 | Rogers Corp. (a) | 636 | ||||||
1,452 | Universal Display Corp. (a) | 37 | ||||||
11,525 | Vishay Intertechnology, Inc. (a) | 123 | ||||||
1,410 | ||||||||
Electronic Equipment & Instruments — 0.51% | ||||||||
1,600 | Cognex Corp. | 59 | ||||||
246 | Coherent, Inc. | 12 | ||||||
300 | Daktronics, Inc. | 3 | ||||||
600 | FARO Technologies, Inc. (a) | 21 | ||||||
2,100 | Itron, Inc. (a) | 94 | ||||||
100 | Mesa Laboratories, Inc. | 5 | ||||||
600 | MTS Systems Corp. | 31 | ||||||
5,796 | National Instruments Corp. | 150 | ||||||
8,769 | Newport Corp. (a) | 118 | ||||||
729 | OSI Systems, Inc. (a) | 47 | ||||||
5,649 | Rofin-Sinar Technologies, Inc. (a) | 122 | ||||||
100 | TESSCO Technologies, Inc. | 2 | ||||||
664 | ||||||||
Electronic Manufacturing Services — 0.77% | ||||||||
800 | Echelon Corp. (a) | 2 | ||||||
32,021 | Flextronics International Ltd. (a) | 199 | ||||||
2,580 | IPG Photonics Corp. | 172 |
See accompanying notes to financial statements.
37
HC CAPITAL TRUST
The Small Capitalization Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Electronic Manufacturing Services — 0.77% | ||||||||
7,747 | Jabil Circuit, Inc. | $ | 149 | |||||
1,100 | Maxwell Technologies, Inc. (a) | 9 | ||||||
500 | Measurement Specialties, Inc. (a) | 17 | ||||||
4,449 | Multi-Fineline Electronix, Inc. (a) | 90 | ||||||
800 | Neonode, Inc. (a) | 4 | ||||||
4,308 | Plexus Corp. (a) | 111 | ||||||
2,432 | Trimble Navigation Ltd. (a) | 145 | ||||||
11,687 | TTM Technologies, Inc. (a) | 108 | ||||||
100 | Zygo Corp. (a) | 2 | ||||||
1,008 | ||||||||
Environmental & Facilities Services — 0.22% | ||||||||
700 | Acorn Energy, Inc. | 6 | ||||||
100 | Casella Waste Systems, Inc., Class – A (a) | 1 | ||||||
200 | CECO Environmental Corp. | 2 | ||||||
1,444 | Clean Harbors, Inc. (a) | 79 | ||||||
700 | EnergySolutions, Inc. (a) | 2 | ||||||
311 | Heritage-Crystal Clean, Inc. (a) | 5 | ||||||
48,404 | Metalico, Inc. (a) | 95 | ||||||
596 | Standard Parking Corp. (a) | 13 | ||||||
700 | Team, Inc. (a) | 27 | ||||||
1,900 | Tetra Tech, Inc. (a) | 50 | ||||||
700 | TRC Cos., Inc. (a) | 4 | ||||||
400 | US Ecology, Inc. | 9 | ||||||
293 | ||||||||
Fertilizers & Agricultural Chemicals — 0.02% | ||||||||
1,000 | American Vanguard Corp. | 31 | ||||||
Food Distributors — 0.23% | ||||||||
400 | Chefs' Warehouse Holdings LLC (a) | 6 | ||||||
5,108 | Nash Finch Co. | 109 | ||||||
5,925 | Spartan Stores, Inc. | 91 | ||||||
1,783 | United Natural Foods, Inc. (a) | 96 | ||||||
302 | ||||||||
Food Retail — 0.39% | ||||||||
50 | Arden Group, Inc., Class – A | 5 | ||||||
1,459 | Casey's General Stores, Inc. | 78 | ||||||
200 | Harris Teeter Supermarkets, Inc. | 8 | ||||||
6,742 | Ingles Markets, Inc., Class – A | 116 | ||||||
100 | Natural Grocers by Vitamin Cottage, Inc. (a) | 2 | ||||||
700 | Roundy's, Inc. | 3 | ||||||
5,800 | SUPERVALU, Inc. | 14 | ||||||
200 | Susser Holdings Corp. (a) | 7 | ||||||
2,501 | The Andersons, Inc. | 107 | ||||||
3,519 | The Fresh Market, Inc. (a) | 169 | ||||||
100 | The Pantry, Inc. (a) | 1 | ||||||
510 |
Shares | Security Description | Value (000) | ||||||
Footwear — 0.91% | ||||||||
3,300 | Crocs, Inc. (a) | $ | 47 | |||||
6,776 | Deckers Outdoor Corp. (a) | 273 | ||||||
6,227 | Iconix Brand Group, Inc. (a) | 139 | ||||||
8,280 | R.G. Barry Corp. | 117 | ||||||
17,358 | Skechers USA, Inc., Class – A (a) | 321 | ||||||
1,439 | Steven Madden Ltd. (a) | 61 | ||||||
800 | Tumi Holdings, Inc. (a) | 17 | ||||||
5,372 | Wolverine World Wide, Inc. | 220 | ||||||
1,195 | ||||||||
Forest Products — 0.02% | ||||||||
389 | Deltic Timber Corp. | 27 | ||||||
Gas Utilities — 0.50% | ||||||||
2,395 | Chesapeake Utilities Corp. | 109 | ||||||
200 | Piedmont Natural Gas Co., Inc. | 6 | ||||||
246 | South Jersey Industries, Inc. | 12 | ||||||
2,378 | Southwest Gas Corp. | 101 | ||||||
2,633 | The Laclede Group, Inc. | 102 | ||||||
10,140 | UGI Corp. | 332 | ||||||
662 | ||||||||
General Merchandise Stores — 0.18% | ||||||||
2,788 | Dollar Tree, Inc. (a) | 113 | ||||||
9,285 | Fred's, Inc., Class – A | 124 | ||||||
300 | Gordmans Stores, Inc. (a) | 4 | ||||||
241 | ||||||||
Gold — 0.16% | ||||||||
3,970 | Agnico-Eagle Mines Ltd. | 208 | ||||||
4,900 | Midway Gold Corp. (a) | 7 | ||||||
215 | ||||||||
Health Care Distributors — 0.70% | ||||||||
2,311 | MWI Veterinary Supply, Inc. (a) | 254 | ||||||
16,555 | Owens & Minor, Inc. | 472 | ||||||
9,598 | PharMerica Corp. (a) | 137 | ||||||
1,900 | PSS World Medical, Inc. (a) | 55 | ||||||
918 | ||||||||
Health Care Equipment — 1.94% | ||||||||
800 | Abaxis, Inc. | 30 | ||||||
1,200 | ABIOMED, Inc. (a) | 16 | ||||||
2,615 | Accuray, Inc. (a) | 17 | ||||||
900 | ArthroCare Corp. (a) | 31 | ||||||
600 | AtriCure, Inc. (a) | 4 | ||||||
800 | Cantel Medical Corp. | 24 | ||||||
600 | Cardiovascular Systems, Inc. (a) | 8 | ||||||
1,200 | Conceptus, Inc. (a) | 25 | ||||||
20,828 | CryoLife, Inc. | 130 | ||||||
1,000 | Cyberonics, Inc. (a) | 52 | ||||||
27,477 | DexCom, Inc. (a) | 374 |
See accompanying notes to financial statements.
38
HC CAPITAL TRUST
The Small Capitalization Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Health Care Equipment (continued) | ||||||||
1,000 | EnteroMedics, Inc. (a) | $ | 3 | |||||
100 | Exactech, Inc. (a) | 2 | ||||||
300 | Globus Medical, Inc., Class – A (a) | 3 | ||||||
4,790 | Greatbatch, Inc. (a) | 111 | ||||||
2,200 | Hansen Medical, Inc. (a) | 5 | ||||||
500 | HeartWare International, Inc. (a) | 42 | ||||||
4,163 | Hill-Rom Holdings, Inc. | 119 | ||||||
23,064 | Insulet Corp. (a) | 489 | ||||||
400 | Integra LifeSciences Holdings Corp. (a) | 16 | ||||||
7,072 | Invacare Corp. | 115 | ||||||
16,390 | MAKO Surgical Corp. (a) | 211 | ||||||
1,900 | Masimo Corp. | 40 | ||||||
700 | Natus Medical, Inc. (a) | 8 | ||||||
3,600 | Navidea Biopharmaceuticals, Inc. (a) | 10 | ||||||
400 | NuVasive, Inc. (a) | 6 | ||||||
1,900 | NxStage Medical, Inc. (a) | 21 | ||||||
600 | Orthofix International NV (a) | 24 | ||||||
400 | PhotoMedex, Inc. (a) | 6 | ||||||
800 | Rockwell Medical Technologies, Inc. (a) | 6 | ||||||
2,999 | Sirona Dental Systems, Inc. (a) | 193 | ||||||
1,563 | STERIS Corp. | 54 | ||||||
100 | SurModics, Inc. (a) | 2 | ||||||
12,800 | Symmetry Medical, Inc. (a) | 135 | ||||||
17,354 | Syneron Medical Ltd. (a) | 150 | ||||||
400 | Tornier NV (a) | 7 | ||||||
2,000 | Volcano Corp. (a) | 47 | ||||||
100 | Young Innovations, Inc. | 4 | ||||||
200 | Zeltiq Aesthetics, Inc. (a) | 1 | ||||||
2,541 | ||||||||
Health Care Facilities — 1.81% | ||||||||
1,000 | Acadia Healthcare Co., Inc. (a) | 23 | ||||||
3,853 | AmSurg Corp. (a) | 116 | ||||||
7,704 | Assisted Living Concepts, Inc., Class – A | 75 | ||||||
900 | Capital Senior Living Corp. (a) | 17 | ||||||
3,807 | Community Health Systems, Inc. | 117 | ||||||
1,100 | Emeritus Corp. (a) | 27 | ||||||
13,963 | Health Management Associates, Inc., Class – A (a) | 130 | ||||||
7,561 | HealthSouth Corp. (a) | 160 | ||||||
9,880 | LifePoint Hospitals, Inc. (a) | 373 | ||||||
2,331 | National Healthcare Corp. | 110 | ||||||
10,274 | Select Medical Holdings Corp. | 97 | ||||||
700 | Skilled Healthcare Group, Inc., Class – A (a) | 5 | ||||||
1,700 | Sunrise Senior Living, Inc. (a) | 24 | ||||||
4,962 | Tenet Healthcare Corp. (a) | 161 | ||||||
4,129 | The Ensign Group, Inc. | 112 |
Shares | Security Description | Value (000) | ||||||
Health Care Facilities (continued) | ||||||||
500 | U.S. Physical Therapy, Inc. | $ | 14 | |||||
1,000 | Vanguard Health Systems, Inc. (a) | 12 | ||||||
38,310 | VCA Antech, Inc. (a) | 806 | ||||||
2,379 | ||||||||
Health Care Services — 1.10% | ||||||||
2,100 | Accretive Health, Inc. (a) | 24 | ||||||
1,374 | Air Methods Corp. | 51 | ||||||
4,769 | Almost Family, Inc. | 97 | ||||||
900 | AMN Healthcare Services, Inc. (a) | 10 | ||||||
900 | Bio-Reference Laboratories, Inc. (a) | 26 | ||||||
500 | BioScrip, Inc. (a) | 5 | ||||||
4,074 | Catamaran Corp. (a) | 192 | ||||||
2,374 | Chemed Corp. | 163 | ||||||
249 | CorVel Corp. (a) | 11 | ||||||
200 | ExamWorks Group, Inc. (a) | 3 | ||||||
10,826 | HMS Holdings Corp. (a) | 280 | ||||||
600 | IPC The Hospitalist Co., Inc. (a) | 24 | ||||||
337 | Landauer, Inc. | 21 | ||||||
6,306 | LHC Group, Inc. (a) | 134 | ||||||
2,875 | MEDNAX, Inc. (a) | 229 | ||||||
100 | National Research Corp. | 5 | ||||||
7,905 | Providence Service Corp. (a) | 134 | ||||||
1,100 | Team Health Holdings, Inc. (a) | 32 | ||||||
1,441 | ||||||||
Health Care Supplies — 0.90% | ||||||||
2,700 | Align Technology, Inc. (a) | 75 | ||||||
400 | Anika Therapeutics, Inc. (a) | 4 | ||||||
3,900 | Antares Pharma, Inc. (a) | 15 | ||||||
66 | Atrion Corp. | 13 | ||||||
2,000 | Cerus Corp. (a) | 6 | ||||||
200 | Cynosure, Inc., Class – A (a) | 5 | ||||||
2,000 | Endologix, Inc. (a) | 28 | ||||||
1,858 | Haemonetics Corp. (a) | 76 | ||||||
400 | ICU Medical, Inc. (a) | 24 | ||||||
1,500 | Meridian Bioscience, Inc. | 30 | ||||||
80 | Merit Medical Systems, Inc. (a) | 1 | ||||||
3,878 | Neogen Corp. (a) | 176 | ||||||
2,000 | OraSure Technologies, Inc. (a) | 14 | ||||||
1,100 | Quidel Corp. (a) | 21 | ||||||
400 | Rochester Medical Corp. (a) | 4 | ||||||
1,300 | STAAR Surgical Co. (a) | 8 | ||||||
6,004 | The Cooper Cos., Inc. | 555 | ||||||
1,300 | The Spectranetics Corp. (a) | 19 | ||||||
21,100 | Unilife Corp. (a) | 48 |
See accompanying notes to financial statements.
39
HC CAPITAL TRUST
The Small Capitalization Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Health Care Supplies (continued) | ||||||||
100 | Utah Medical Products, Inc. | $ | 4 | |||||
700 | Vascular Solutions, Inc. (a) | 11 | ||||||
800 | West Pharmaceutical Services, Inc. | 44 | ||||||
1,181 | ||||||||
Health Care Technology — 0.27% | ||||||||
3,208 | athenahealth, Inc. (a) | 236 | ||||||
395 | Computer Programs & Systems, Inc. | 20 | ||||||
600 | ePocrates, Inc. (a) | 5 | ||||||
200 | Greenway Medical Technologies, Inc. (a) | 3 | ||||||
700 | HealthStream, Inc. (a) | 17 | ||||||
700 | MedAssets, Inc. (a) | 12 | ||||||
800 | Medidata Solutions, Inc. (a) | 31 | ||||||
1,800 | Merge Healthcare, Inc. (a) | 4 | ||||||
200 | Omnicell, Inc. (a) | 3 | ||||||
1,480 | Quality Systems, Inc. | 26 | ||||||
100 | Vocera Communications, Inc. (a) | 3 | ||||||
360 | ||||||||
Heavy Electrical Equipment — 0.03% | ||||||||
900 | AZZ, Inc. | 35 | ||||||
11,200 | Capstone Turbine Corp. (a) | 10 | ||||||
45 | ||||||||
Home Entertainment Software — 0.13% | ||||||||
8,300 | Electronic Arts, Inc. (a) | 121 | ||||||
2,000 | Glu Mobile, Inc. (a) | 4 | ||||||
1,400 | RealD, Inc. (a) | 16 | ||||||
200 | Rosetta Stone, Inc. (a) | 2 | ||||||
2,900 | Take-Two Interactive Software, Inc. (a) | 32 | ||||||
175 | ||||||||
Home Furnishings — 0.02% | ||||||||
800 | Ethan Allen Interiors, Inc. | 21 | ||||||
600 | La-Z-Boy, Inc. | 8 | ||||||
29 | ||||||||
Home Improvement Retail — 0.04% | ||||||||
1,000 | Lumber Liquidators Holdings, Inc. (a) | 53 | ||||||
Homebuilding — 0.04% | ||||||||
200 | Cavco Industries, Inc. (a) | 10 | ||||||
300 | Meritage Homes Corp. (a) | 11 | ||||||
900 | The Ryland Group, Inc. | 33 | ||||||
54 | ||||||||
Homefurnishing Retail — 0.30% | ||||||||
9,162 | Kirkland's, Inc. (a) | 97 | ||||||
400 | Mattress Firm Holding Corp. (a) | 10 | ||||||
3,600 | Pier 1 Imports, Inc. | 72 | ||||||
100 | Restoration Hardware Holdings, Inc. (a) | 3 |
Shares | Security Description | Value (000) | ||||||
Homefurnishing Retail (continued) | ||||||||
7,978 | Select Comfort Corp. (a) | $ | 209 | |||||
391 | ||||||||
Hotels, Resorts & Cruise Lines — 0.02% | ||||||||
1,500 | Interval Leisure Group, Inc. | 29 | ||||||
300 | Morgans Hotel Group Co. (a) | 2 | ||||||
31 | ||||||||
Household Appliances — 0.26% | ||||||||
3,129 | Helen of Troy Ltd. (a) | 104 | ||||||
1,000 | iRobot Corp. (a) | 19 | ||||||
2,711 | Snap-on, Inc. | 214 | ||||||
337 | ||||||||
Household Products — 0.05% | ||||||||
200 | Central Garden & Pet Co., Class – A (a) | 2 | ||||||
100 | Orchids Paper Products Co. | 2 | ||||||
700 | Spectrum Brands Holdings, Inc. | 32 | ||||||
600 | WD-40 Co. | 28 | ||||||
64 | ||||||||
Housewares & Specialties — 0.42% | ||||||||
7,139 | American Greetings Corp., Class – A | 121 | ||||||
400 | Blyth, Inc. | 6 | ||||||
5,134 | CSS Industries, Inc. | 112 | ||||||
8,534 | Lifetime Brands, Inc. | 90 | ||||||
3,491 | Tupperware Brands Corp. | 224 | ||||||
553 | ||||||||
Human Resource & Employment Services — 0.28% | ||||||||
300 | Barrett Business Services, Inc. | 11 | ||||||
100 | CDI Corp. | 2 | ||||||
500 | GP Strategies Corp. (a) | 10 | ||||||
800 | Insperity, Inc. | 26 | ||||||
8,398 | Kelly Services, Inc., Class – A | 132 | ||||||
1,000 | Kforce, Inc. | 14 | ||||||
7,672 | Korn/Ferry International (a) | 122 | ||||||
1,600 | On Assignment, Inc. (a) | 33 | ||||||
1,100 | TrueBlue, Inc. (a) | 17 | ||||||
200 | WageWorks, Inc. (a) | 4 | ||||||
371 | ||||||||
Hypermarkets & Super Centers — 0.04% | ||||||||
649 | PriceSmart, Inc. | 50 | ||||||
Independent Power Producers & Energy Traders — 0.01% | ||||||||
900 | American DG Energy, Inc. (a) | 2 | ||||||
400 | Atlantic Power Corp. | 4 | ||||||
200 | Ormat Technologies, Inc. | 4 | ||||||
10 |
See accompanying notes to financial statements.
40
HC CAPITAL TRUST
The Small Capitalization Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Industrial Conglomerates — 0.45% | ||||||||
1,978 | Carlisle Cos., Inc. | $ | 116 | |||||
13,636 | Kimball International, Inc., Class – B | 158 | ||||||
800 | Libbey, Inc. (a) | 16 | ||||||
1,380 | Raven Industries, Inc. | 37 | ||||||
49 | Seaboard Corp. | 124 | ||||||
2,655 | Standex International Corp. | 136 | ||||||
587 | ||||||||
Industrial Machinery — 3.51% | ||||||||
1,741 | 3D Systems Corp. (a) | 93 | ||||||
24,150 | Actuant Corp., Class – A | 674 | ||||||
600 | Altra Holdings, Inc. | 13 | ||||||
5,973 | Ampco-Pittsburgh Corp. | 119 | ||||||
500 | Badger Meter, Inc. | 24 | ||||||
1,800 | Blount International, Inc. (a) | 29 | ||||||
6,266 | Briggs & Stratton Corp. | 132 | ||||||
1,114 | Chart Industries, Inc. (a) | 74 | ||||||
11,674 | CIRCOR International, Inc. | 462 | ||||||
1,900 | CLARCOR, Inc. | 91 | ||||||
200 | Dynamic Materials Corp. | 3 | ||||||
400 | ENPRO Industries, Inc. (a) | 16 | ||||||
300 | ESCO Technologies, Inc. | 11 | ||||||
400 | Flow International Corp. (a) | 1 | ||||||
400 | Graham Corp. | 8 | ||||||
29,144 | Harsco Corp. | 685 | ||||||
1,770 | Hyster-Yale Materials Handling, Inc. | 86 | ||||||
3,135 | IDEX Corp. | 146 | ||||||
8,958 | John Bean Technologies Corp. | 159 | ||||||
3,931 | Kennametal, Inc. | 157 | ||||||
5,014 | Lincoln Electric Holdings, Inc. | 244 | ||||||
100 | Mueller Industries, Inc. | 5 | ||||||
95,396 | Mueller Water Products, Inc., Class – A | 535 | ||||||
100 | Omega Flex, Inc. | 1 | ||||||
3,360 | Pall Corp. | 202 | ||||||
1,443 | Pentair Ltd. – Registered | 71 | ||||||
200 | Proto Labs, Inc. (a) | 8 | ||||||
800 | RBC Bearings, Inc. (a) | 40 | ||||||
200 | Rexnord Corp. (a) | 4 | ||||||
600 | Robbins & Myers, Inc. | 36 | ||||||
750 | Sun Hydraulics Corp. | 20 | ||||||
700 | Tennant Co. | 31 | ||||||
625 | The Gorman-Rupp Co. | 19 | ||||||
678 | The Middleby Corp. (a) | 87 | ||||||
1,100 | TriMas Corp. (a) | 31 | ||||||
2,120 | Valmont Industries, Inc. | 290 | ||||||
4,607 |
Shares | Security Description | Value (000) | ||||||
Industrial Real Estate Investment Trusts (continued) | ||||||||
1,100 | DuPont Fabros Technology, Inc. | $ | 26 | |||||
3,768 | EastGroup Properties, Inc. | 203 | ||||||
8,583 | First Industrial Realty Trust, Inc. (a) | 121 | ||||||
700 | Monmouth Real Estate Investment Corp., Class - A | 7 | ||||||
357 | ||||||||
Insurance Brokers — 0.02% | ||||||||
700 | eHealth, Inc. (a) | 19 | ||||||
Integrated Oil & Gas — 0.22% | ||||||||
5,178 | Interoil Corp. (a) | 288 | ||||||
Integrated Telecommunication Services — 0.06% | ||||||||
300 | Atlantic Tele-Network, Inc. | 11 | ||||||
100 | Cbeyond, Inc. (a) | 1 | ||||||
2,600 | Cincinnati Bell, Inc. (a) | 14 | ||||||
1,000 | Consolidated Communications Holdings, Inc. | 16 | ||||||
700 | FairPoint Communications, Inc. (a) | 6 | ||||||
1,300 | General Communication, Inc., Class – A (a) | 12 | ||||||
500 | HickoryTech Corp. | 5 | ||||||
500 | IDT Corp., Class – B | 5 | ||||||
400 | Primus Telecommunications Group, Inc. | 4 | ||||||
74 | ||||||||
Internet Retail — 0.05% | ||||||||
500 | Blue Nile, Inc. (a) | 19 | ||||||
200 | CafePress, Inc. (a) | 1 | ||||||
200 | Geeknet, Inc. (a) | 3 | ||||||
100 | Kayak Software Corp. (a) | 4 | ||||||
1,000 | NutriSystem, Inc. | 8 | ||||||
900 | Orbitz Worldwide, Inc. (a) | 3 | ||||||
400 | Overstock.com, Inc. (a) | 6 | ||||||
700 | PetMed Express, Inc. | 8 | ||||||
395 | Shutterfly, Inc. (a) | 12 | ||||||
500 | U.S. Auto Parts Network, Inc. (a) | 1 | ||||||
800 | Vitacost.com, Inc. (a) | 5 | ||||||
70 | ||||||||
Internet Software & Services — 2.44% | ||||||||
2,900 | Akamai Technologies, Inc. (a) | 119 | ||||||
1,300 | Angie's List, Inc. (a) | 16 | ||||||
1,500 | Bankrate, Inc. (a) | 19 | ||||||
300 | Bazaarvoice, Inc. (a) | 3 | ||||||
8,626 | Blucora, Inc. (a) | 136 | ||||||
200 | Brightcove, Inc. (a) | 2 | ||||||
400 | Carbonite, Inc. (a) | 4 | ||||||
17,757 | Cogent Communications Group, Inc. | 402 | ||||||
4,273 | comScore, Inc. (a) | 59 | ||||||
4,660 | Constant Contact, Inc. (a) | 66 | ||||||
1,300 | Cornerstone OnDemand, Inc. (a) | 38 | ||||||
1,400 | DealerTrack Holdings, Inc. (a) | 40 |
See accompanying notes to financial statements.
41
HC CAPITAL TRUST
The Small Capitalization Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Internet Software & Services (continued) | ||||||||
800 | Demand Media, Inc. (a) | $ | 7 | |||||
200 | Demandware, Inc. (a) | 5 | ||||||
1,700 | Dice Holdings, Inc. (a) | 16 | ||||||
6,421 | Digital River, Inc. (a) | 92 | ||||||
100 | E2open, Inc. (a) | 1 | ||||||
14,227 | EarthLink, Inc. | 92 | ||||||
800 | Envestnet, Inc. (a) | 11 | ||||||
400 | ExactTarget, Inc. (a) | 8 | ||||||
16,419 | Global Sources Ltd. (a) | 106 | ||||||
1,000 | Internap Network Services Corp. (a) | 7 | ||||||
5,000 | Intralinks Holdings, Inc. (a) | 31 | ||||||
1,800 | iPass, Inc. (a) | 3 | ||||||
5,427 | j2 Global, Inc. | 166 | ||||||
7,164 | Keynote Systems, Inc. | 101 | ||||||
841 | Liquidity Services, Inc. (a) | 34 | ||||||
2,000 | LivePerson, Inc. (a) | 26 | ||||||
800 | LogMeln, Inc. (a) | 18 | ||||||
700 | Market Leader, Inc. (a) | 5 | ||||||
300 | MeetMe, Inc. (a) | 1 | ||||||
400 | Millennial Media, Inc. (a) | 5 | ||||||
69,635 | Monster Worldwide, Inc. (a) | 391 | ||||||
1,425 | Move, Inc. (a) | 11 | ||||||
2,400 | NIC, Inc. | 39 | ||||||
844 | OpenTable, Inc. (a) | 41 | ||||||
900 | Perficient, Inc. (a) | 11 | ||||||
30,162 | QuinStreet, Inc. (a) | 203 | ||||||
14,400 | Responsys, Inc. (a) | 86 | ||||||
1,200 | Saba Software, Inc. (a) | 10 | ||||||
700 | SciQuest, Inc. (a) | 11 | ||||||
400 | Spark Networks, Inc. (a) | 3 | ||||||
466 | SPS Commerce, Inc. (a) | 17 | ||||||
500 | Stamps.com, Inc. (a) | 13 | ||||||
1,200 | Support.com, Inc. (a) | 5 | ||||||
200 | Synacor, Inc. (a) | 1 | ||||||
1,400 | The Active Network, Inc. (a) | 7 | ||||||
300 | Travelzoo, Inc. (a) | 6 | ||||||
200 | Trulia, Inc. (a) | 3 | ||||||
25,220 | United Online, Inc. | 141 | ||||||
3,000 | Unwired Planet, Inc. (a) | 4 | ||||||
9,146 | ValueClick, Inc. (a) | 178 | ||||||
2,430 | VeriSign, Inc. (a) | 94 | ||||||
1,300 | VistaPrint NV (a) | 43 | ||||||
800 | Vocus, Inc. (a) | 14 | ||||||
5,910 | Web.com Group, Inc. (a) | 87 | ||||||
1,000 | XO Group, Inc. (a) | 9 | ||||||
300 | Yelp, Inc. (a) | 6 |
Shares | Security Description | Value (000) | ||||||
Internet Software & Services (continued) | ||||||||
100 | Zillow, Inc., Class – A (a) | $ | 3 | |||||
44,288 | Zix Corp. (a) | 124 | ||||||
3,200 | ||||||||
Investment Banking & Brokerage — 0.91% | ||||||||
3,500 | BGC Partners, Inc., Class – A | 12 | ||||||
300 | Duff & Phelps Corp., Class – A | 5 | ||||||
100 | Evercore Partners, Inc., Class – A | 3 | ||||||
9,004 | FXCM, Inc., Class – A | 91 | ||||||
1,100 | Greenhill & Co., Inc. | 57 | ||||||
10,500 | Jefferies Group, Inc. | 195 | ||||||
18,116 | KKR Financial Holdings LLC | 191 | ||||||
4,400 | Ladenburg Thalmann Financial Services, Inc. (a) | 6 | ||||||
2,900 | LPL Financial Holdings, Inc. | 82 | ||||||
6,780 | Oppenheimer Holdings, Inc., Class – A | 117 | ||||||
5,525 | Raymond James Financial, Inc. | 213 | ||||||
6,837 | Stifel Financial Corp. (a) | 218 | ||||||
1,190 | ||||||||
IT Consulting & Other Services — 0.70% | ||||||||
7,460 | Acxiom Corp. (a) | 130 | ||||||
6,858 | Booz Allen Hamilton Holding Corp. | 95 | ||||||
2,033 | CACI International, Inc., Class – A (a) | 112 | ||||||
7,785 | Computer Task Group, Inc. (a) | 142 | ||||||
200 | EPAM Systems, Inc. (a) | 4 | ||||||
500 | Forrester Research, Inc. | 13 | ||||||
1,150 | iGATE Corp. (a) | 18 | ||||||
2,500 | Lionbridge Technologies, Inc. (a) | 10 | ||||||
4,592 | ManTech International Corp., Class – A | 119 | ||||||
400 | Mattersight Corp. (a) | 2 | ||||||
2,893 | MAXIMUS, Inc. | 183 | ||||||
4,600 | Sapient Corp. (a) | 49 | ||||||
1,800 | ServiceSource International, Inc. (a) | 11 | ||||||
815 | The Hackett Group, Inc. | 3 | ||||||
800 | Unisys Corp. (a) | 14 | ||||||
700 | Virtusa Corp. (a) | 12 | ||||||
917 | ||||||||
Leisure Facilities — 0.15% | ||||||||
1,454 | Life Time Fitness, Inc. (a) | 72 | ||||||
1,000 | Premier Exhibitions, Inc. (a) | 3 | ||||||
1,437 | Six Flags Entertainment Corp. | 88 | ||||||
800 | Town Sports International Holdings, Inc. | 8 | ||||||
442 | Vail Resorts, Inc. | 24 | ||||||
195 | ||||||||
Leisure Products — 0.47% | ||||||||
500 | Arctic Cat, Inc. (a) | 17 | ||||||
3,300 | Brunswick Corp. | 96 | ||||||
14,896 | JAKKS Pacific, Inc. | 186 |
See accompanying notes to financial statements.
42
HC CAPITAL TRUST
The Small Capitalization Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Leisure Products (continued) | ||||||||
5,467 | Johnson Outdoors, Inc., Class – A (a) | $ | 109 | |||||
17,945 | Leapfrog Enterprises, Inc. (a) | 155 | ||||||
400 | Marine Products Corp. | 2 | ||||||
2,400 | Smith & Wesson Holding Corp. (a) | 20 | ||||||
700 | Sturm, Ruger & Co., Inc. | 32 | ||||||
617 | ||||||||
Life & Health Insurance — 1.41% | ||||||||
52,571 | American Equity Investment Life Holding Co. | 642 | ||||||
3,810 | FBL Financial Group, Inc., Class – A | 130 | ||||||
732 | National Western Life Insurance Co., Class – A | 116 | ||||||
15,606 | Primerica, Inc. | 468 | ||||||
13,415 | Protective Life Corp. | 383 | ||||||
8,476 | Symetra Financial Corp. | 110 | ||||||
1,849 | ||||||||
Life Sciences Tools & Services — 0.96% | ||||||||
22,609 | Affymetrix, Inc. (a) | 72 | ||||||
300 | BG Medicine, Inc. (a) | 1 | ||||||
1,047 | Bio-Rad Laboratories, Inc., Class – A (a) | 110 | ||||||
600 | Cambrex Corp. (a) | 7 | ||||||
3,247 | Charles River Laboratories International, Inc. (a) | 122 | ||||||
2,434 | Covance, Inc. (a) | 140 | ||||||
6,700 | Exelixis, Inc. (a) | 30 | ||||||
900 | Fluidigm Corp. (a) | 13 | ||||||
300 | Furiex Pharmaceuticals, Inc. (a) | 6 | ||||||
28,318 | Harvard Bioscience, Inc. (a) | 124 | ||||||
3,310 | Illumina, Inc. (a) | 184 | ||||||
8,470 | Luminex Corp. (a) | 142 | ||||||
6,053 | PAREXEL International Corp. (a) | 179 | ||||||
6,047 | QIAGEN NV (a) | 110 | ||||||
3,200 | Sequenom, Inc. (a) | 15 | ||||||
1,255 | ||||||||
Managed Health Care — 0.33% | ||||||||
1,900 | Centene Corp. (a) | 78 | ||||||
2,353 | Magellan Health Services, Inc. (a) | 115 | ||||||
100 | Molina Heathcare, Inc. (a) | 3 | ||||||
5,822 | Triple-S Management Corp., Class – B (a) | 108 | ||||||
2,633 | WellCare Health Plans, Inc. (a) | 128 | ||||||
432 | ||||||||
Marine — 0.26% | ||||||||
5,719 | International Shipholding Corp. | 94 | ||||||
1,741 | Kirby Corp. (a) | 108 | ||||||
5,686 | Matson, Inc. | 141 | ||||||
343 | ||||||||
Marine Ports & Services — 0.09% | ||||||||
5,645 | CAI International, Inc. (a) | 124 |
Shares | Security Description | Value (000) | ||||||
Metal & Glass Containers — 0.49% | ||||||||
200 | AEP Industries, Inc. (a) | $ | 12 | |||||
3,937 | AptarGroup, Inc. | 188 | ||||||
400 | Berry Plastics Group, Inc. (a) | 6 | ||||||
11,438 | Crown Holdings, Inc. (a) | 421 | ||||||
1,200 | Myers Industries, Inc. | 18 | ||||||
645 | ||||||||
Mortgage Real Estate Investment Trusts — 0.64% | ||||||||
14,851 | Anworth Mortgage Asset Corp. | 86 | ||||||
7,541 | Capstead Mortgage Corp. | 86 | ||||||
9,932 | Dynex Capital, Inc. | 94 | ||||||
100 | JAVELIN Mortgage Investment Corp. | 2 | ||||||
14,764 | New York Mortgage Trust, Inc. | 93 | ||||||
16,555 | Redwood Trust, Inc. | 280 | ||||||
4,557 | Walter Investment Management Corp. (a) | 196 | ||||||
837 | ||||||||
Movies & Entertainment — 0.42% | ||||||||
200 | Carmike Cinemas, Inc. (a) | 3 | ||||||
7,800 | Imax Corp. (a) | 176 | ||||||
22,090 | Lions Gate Entertainment Corp. (a) | 362 | ||||||
200 | Rentrak Corp. (a) | 4 | ||||||
900 | World Wrestling Entertainment, Inc., Class – A | 7 | ||||||
552 | ||||||||
Multi-line Insurance — 0.32% | ||||||||
7,117 | American Financial Group, Inc. | 281 | ||||||
3,730 | HCC Insurance Holdings, Inc. | 139 | ||||||
420 | ||||||||
Multi-Sector Holdings — 0.04% | ||||||||
2,836 | PICO Holdings, Inc. (a) | 57 | ||||||
Multi-Utilities — 0.37% | ||||||||
4,942 | Black Hills Corp. | 179 | ||||||
2,813 | NorthWestern Corp. | 98 | ||||||
5,297 | PNM Resources, Inc. | 109 | ||||||
3,400 | Vectren Corp. | 100 | ||||||
486 | ||||||||
Office Real Estate Investment Trusts — 0.78% | ||||||||
3,316 | Alexandria Real Estate Equities, Inc. | 230 | ||||||
8,734 | Brandywine Realty Trust | 107 | ||||||
5,609 | CommonWealth REIT | 89 | ||||||
10,383 | Corporate Office Properties Trust | 259 | ||||||
2,400 | Highwoods Properties, Inc. | 80 | ||||||
12,629 | Lexington Realty Trust | 132 | ||||||
9,301 | Parkway Properties, Inc. | 130 | ||||||
1,027 |
See accompanying notes to financial statements.
43
HC CAPITAL TRUST
The Small Capitalization Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Office Services & Supplies — 1.18% | ||||||||
400 | A.T. Cross Co., Class – A (a) | $ | 4 | |||||
1,900 | ACCO Brands Corp. (a) | 14 | ||||||
61,667 | American Reprographics Co. (a) | 158 | ||||||
20,245 | Herman Miller, Inc. | 434 | ||||||
1,600 | HNI Corp. | 48 | ||||||
2,200 | Interface, Inc. | 35 | ||||||
1,200 | Knoll, Inc. | 19 | ||||||
1,000 | Mine Safety Appliances Co. | 43 | ||||||
400 | Steelcase, Inc., Class – A | 5 | ||||||
6,725 | Sykes Enterprises, Inc. (a) | 102 | ||||||
22,169 | United Stationers, Inc. | 687 | ||||||
1,549 | ||||||||
Oil & Gas Drilling — 0.75% | ||||||||
8,896 | Atwood Oceanics, Inc. (a) | 407 | ||||||
7,511 | Patterson-UTI Energy, Inc. | 140 | ||||||
445 | Pioneer Energy Services Corp. (a) | 3 | ||||||
9,719 | Unit Corp. (a) | 438 | ||||||
988 | ||||||||
Oil & Gas Equipment & Services — 1.30% | ||||||||
6,077 | C&J Energy Services, Inc. (a) | 130 | ||||||
1,518 | Core Laboratories NV | 166 | ||||||
4,605 | Dawson Geophysical Co. (a) | 121 | ||||||
5,158 | Dril-Quip, Inc. (a) | 377 | ||||||
800 | Forum Energy Technologies, Inc. (a) | 20 | ||||||
494 | Geospace Technologies Corp. (a) | 44 | ||||||
700 | Global Geophysical Services, Inc. (a) | 3 | ||||||
200 | GulfMark Offshore, Inc., Class – A | 7 | ||||||
4,800 | ION Geophysical Corp. (a) | 31 | ||||||
1,248 | Lufkin Industries, Inc. | 72 | ||||||
10,083 | Matrix Service Co. (a) | 116 | ||||||
300 | Mitcham Industries, Inc. (a) | 4 | ||||||
7,465 | Natural Gas Services Group, Inc. (a) | 123 | ||||||
17,300 | Newpark Resources, Inc. (a) | 136 | ||||||
100 | PHI, Inc. (a) | 3 | ||||||
500 | RigNet, Inc. (a) | 10 | ||||||
8,983 | RPC, Inc. | 110 | ||||||
11,138 | Superior Energy Services, Inc. (a) | 231 | ||||||
500 | TGC Industries, Inc. | 4 | ||||||
300 | Willbros Group, Inc. (a) | 2 | ||||||
1,710 | ||||||||
Oil & Gas Exploration & Production — 1.79% | ||||||||
22,490 | Abraxas Petroleum Corp. (a) | 49 | ||||||
366 | Apco Oil & Gas International, Inc. | 5 | ||||||
1,200 | Approach Resources, Inc. (a) | 30 | ||||||
5,856 | Berry Petroleum Co., Class – A | 196 |
Shares | Security Description | Value (000) | ||||||
Oil & Gas Exploration & Production (continued) | ||||||||
5,726 | Bill Barrett Corp. (a) | $ | 102 | |||||
100 | Bonanza Creek Energy, Inc. (a) | 3 | ||||||
1,000 | BPZ Resources, Inc. (a) | 3 | ||||||
4,806 | Cabot Oil & Gas Corp. | 239 | ||||||
13,450 | Carrizo Oil & Gas, Inc. (a) | 281 | ||||||
2,162 | Contango Oil & Gas Co. | 92 | ||||||
3,116 | Continental Resources, Inc. (a) | 229 | ||||||
300 | Diamondback Energy, Inc. (a) | 6 | ||||||
1,600 | Endeavour International Corp. (a) | 8 | ||||||
2,100 | Energy XXI (Bermuda) Ltd. | 68 | ||||||
6,476 | EPL Oil & Gas, Inc. (a) | 146 | ||||||
600 | Evolution Petroleum Corp. (a) | 5 | ||||||
2,100 | FX Energy, Inc. (a) | 9 | ||||||
900 | Goodrich Petroleum Corp. (a) | 8 | ||||||
675 | Gulfport Energy Corp. (a) | 26 | ||||||
3,545 | Halcon Resources Corp. (a) | 25 | ||||||
43 | Isramco, Inc. (a) | 4 | ||||||
18,929 | Kodiak Oil & Gas Corp. (a) | 168 | ||||||
39,080 | Magnum Hunter Resources Corp. (a) | 156 | ||||||
400 | Matador Resources Co. (a) | 3 | ||||||
400 | Midstates Petroleum Co., Inc. (a) | 3 | ||||||
2,400 | Northern Oil & Gas, Inc. (a) | 40 | ||||||
3,000 | Oasis Petroleum, Inc. (a) | 95 | ||||||
300 | Panhandle Oil & Gas, Inc., Class – A | 8 | ||||||
16,668 | Renewable Energy Group, Inc. (a) | 98 | ||||||
1,950 | Rosetta Resources, Inc. (a) | 88 | ||||||
400 | Sanchez Energy Corp. (a) | 7 | ||||||
700 | Saratoga Resources, Inc. (a) | 3 | ||||||
7,634 | Swift Energy Co. (a) | 118 | ||||||
2,100 | VAALCO Energy, Inc. (a) | 18 | ||||||
100 | W&T Offshore, Inc. | 2 | ||||||
500 | Warren Resources, Inc. (a) | 1 | ||||||
500 | ZaZa Energy Corp. (a) | 1 | ||||||
2,343 | ||||||||
Oil & Gas Refining & Marketing — 0.95% | ||||||||
300 | Alon USA Energy, Inc. | 5 | ||||||
100 | Ceres, Inc. (a) | — | ||||||
2,400 | Clean Energy Fuels Corp. (a) | 30 | ||||||
4,387 | CVR Energy, Inc. (a) | 214 | ||||||
5,939 | Delek US Holdings, Inc. | 150 | ||||||
700 | Gevo, Inc. (a) | 1 | ||||||
16,518 | Green Plains Renewable Energy, Inc. (a) | 131 | ||||||
5,600 | Rentech, Inc. | 15 | ||||||
11,521 | Rex Energy Corp. (a) | 150 | ||||||
1,300 | Western Refining, Inc. | 37 | ||||||
12,405 | World Fuel Services Corp. | 511 | ||||||
1,244 |
See accompanying notes to financial statements.
44
HC CAPITAL TRUST
The Small Capitalization Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Oil & Gas Storage & Transportation — 0.20% | ||||||||
1,400 | Crosstex Energy, Inc. | $ | 20 | |||||
136,440 | Enbridge Energy Management LLC (a) | — | ||||||
400 | GasLog Ltd. | 5 | ||||||
13,232 | Knightsbridge Tankers Ltd. | 69 | ||||||
6,776 | Ship Finance International Ltd. | 113 | ||||||
1,100 | Targa Resources Corp. | 58 | ||||||
265 | ||||||||
Packaged Foods & Meats — 0.96% | ||||||||
100 | Annie's, Inc. (a) | 3 | ||||||
1,975 | B&G Foods, Inc., Class – A | 56 | ||||||
3,213 | Cal-Maine Foods, Inc. | 129 | ||||||
500 | Calavo Growers, Inc. | 13 | ||||||
21,132 | Chiquita Brands International, Inc. (a) | 174 | ||||||
12,232 | Dole Food Co., Inc. (a) | 140 | ||||||
4,900 | Ingredion, Inc. | 316 | ||||||
500 | Inventure Foods, Inc. (a) | 3 | ||||||
540 | J&J Snack Foods Corp. | 35 | ||||||
675 | Lancaster Colony Corp. | 47 | ||||||
200 | Lifeway Foods, Inc. | 2 | ||||||
14,177 | Omega Protein Corp. (a) | 87 | ||||||
1,800 | Pilgrim's Pride Corp. (a) | 13 | ||||||
700 | Post Holdings, Inc. (a) | 24 | ||||||
841 | Sanderson Farms, Inc. | 40 | ||||||
1,500 | Snyder's-Lance, Inc. | 36 | ||||||
1,369 | The Hain Celestial Group, Inc. (a) | 74 | ||||||
854 | Tootsie Roll Industries, Inc. | 22 | ||||||
880 | TreeHouse Foods, Inc. (a) | 46 | ||||||
1,260 | ||||||||
Paper Packaging — 0.23% | ||||||||
16,004 | Boise, Inc. | 127 | ||||||
4,615 | Packaging Corp. of America | 178 | ||||||
305 | ||||||||
Paper Products — 0.38% | ||||||||
900 | Buckeye Technologies, Inc. | 26 | ||||||
700 | Clearwater Paper Corp. (a) | 27 | ||||||
6,874 | KapStone Paper & Packaging Corp. | 153 | ||||||
4,506 | Neenah Paper, Inc. | 128 | ||||||
6,867 | P.H. Glatfelter Co. | 120 | ||||||
900 | Schweitzer-Mauduit International, Inc. | 35 | ||||||
1,500 | Wausau Paper Corp. | 13 | ||||||
502 | ||||||||
Personal Products — 0.23% | ||||||||
800 | Elizabeth Arden, Inc. (a) | 36 | ||||||
500 | Inter Parfums, Inc. | 10 | ||||||
500 | Medifast, Inc. (a) | 13 |
Shares | Security Description | Value (000) | ||||||
Personal Products (continued) | ||||||||
300 | Nature's Sunshine Products, Inc. | $ | 4 | |||||
6,707 | Nutraceutical International Corp. | 111 | ||||||
1,200 | Prestige Brands Holdings, Inc. (a) | 24 | ||||||
800 | Synutra International, Inc. (a) | 4 | ||||||
700 | The Female Health Co. | 5 | ||||||
2,741 | USANA Health Sciences, Inc. (a) | 90 | ||||||
297 | ||||||||
Pharmaceuticals — 1.23% | ||||||||
400 | Acura Pharmaceuticals, Inc. (a) | 1 | ||||||
967 | Aegerion Pharmaceuticals, Inc. (a) | 25 | ||||||
2,100 | Akorn, Inc. (a) | 28 | ||||||
800 | Ampio Pharmaceuticals, Inc. (a) | 3 | ||||||
1,800 | Auxilium Pharmaceuticals, Inc. (a) | 33 | ||||||
4,500 | AVANIR Pharmaceuticals, Inc., Class – A (a) | 12 | ||||||
800 | BioDelivery Sciences International, Inc. (a) | 3 | ||||||
2,100 | Cadence Pharmaceuticals, Inc. (a) | 10 | ||||||
200 | Cempra Holdings LLC (a) | 1 | ||||||
1,600 | Corcept Therapeutics, Inc. (a) | 2 | ||||||
300 | Cumberland Pharmaceuticals, Inc. (a) | 1 | ||||||
2,000 | DepoMed, Inc. (a) | 12 | ||||||
1,100 | Endocyte, Inc. (a) | 10 | ||||||
3,399 | Hi-Tech Pharmacal Co., Inc. | 119 | ||||||
7,323 | Impax Laboratories, Inc. (a) | 150 | ||||||
1,500 | Jazz Pharmaceuticals PLC (a) | 80 | ||||||
1,000 | MAP Pharmaceuticals, Inc. (a) | 16 | ||||||
12,838 | Nektar Therapeutics (a) | 95 | ||||||
7,956 | Obagi Medical Products, Inc. (a) | 108 | ||||||
1,700 | Optimer Pharmaceuticals, Inc. (a) | 15 | ||||||
700 | Pacira Pharmaceuticals, Inc. (a) | 12 | ||||||
1,500 | Pain Therapeutics, Inc. | 4 | ||||||
15,856 | Pernix Therapeutics Holdings, Inc. (a) | 123 | ||||||
1,567 | Perrigo Co. | 163 | ||||||
1,100 | POZEN, Inc. (a) | 6 | ||||||
2,000 | Questcor Pharmaceuticals, Inc. | 53 | ||||||
1,800 | Raptor Pharmaceuticals Corp. (a) | 11 | ||||||
600 | Repros Therapeutics, Inc. (a) | 9 | ||||||
400 | Sagent Pharmaceuticals, Inc. (a) | 6 | ||||||
2,056 | Santarus, Inc. (a) | 23 | ||||||
500 | Sucampo Pharmaceuticals, Inc., Class – A (a) | 2 | ||||||
6,657 | The Medicines Co. (a) | 160 | ||||||
500 | Ventrus Biosciences, Inc. (a) | 1 | ||||||
4,458 | ViroPharma, Inc. (a) | 102 | ||||||
3,700 | VIVUS, Inc. (a) | 50 | ||||||
1,800 | Watson Pharmaceuticals, Inc. (a) | 155 | ||||||
1,400 | XenoPort, Inc. (a) | 11 | ||||||
1,615 |
See accompanying notes to financial statements.
45
HC CAPITAL TRUST
The Small Capitalization Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Precious Metals & Minerals — 0.05% | ||||||||
1,400 | Coeur d'Alene Mines Corp. (a) | $ | 34 | |||||
1,100 | Gold Resource Corp. | 17 | ||||||
4,700 | Paramount Gold & Silver Corp. (a) | 11 | ||||||
62 | ||||||||
Property & Casualty Insurance — 2.19% | ||||||||
1,125 | Alleghany Corp. (a) | 377 | ||||||
5,634 | American Safety Insurance Holdings Ltd. (a) | 107 | ||||||
210 | AmTrust Financial Services, Inc. | 6 | ||||||
22,041 | Argo Group International Holdings Ltd. | 740 | ||||||
21,441 | Aspen Insurance Holdings Ltd. | 688 | ||||||
200 | Employers Holdings, Inc. | 4 | ||||||
7,100 | Fidelity National Financial, Inc., Class – A | 167 | ||||||
4,916 | First American Financial Corp. | 118 | ||||||
200 | Hallmark Financial Services, Inc. (a) | 2 | ||||||
100 | Homeowners Choice, Inc. | 2 | ||||||
100 | State Auto Financial Corp. | 2 | ||||||
7,970 | Stewart Information Services Corp. | 207 | ||||||
150 | The Navigators Group, Inc. (a) | 8 | ||||||
700 | Tower Group, Inc. | 12 | ||||||
30,707 | Universal Insurance Holdings, Inc. | 135 | ||||||
7,876 | W.R. Berkley Corp. | 297 | ||||||
2,872 | ||||||||
Publishing — 0.94% | ||||||||
3,694 | Scholastic Corp. | 109 | ||||||
43,654 | Valassis Communications, Inc. | 1,125 | ||||||
100 | Value Line, Inc. | 1 | ||||||
1,235 | ||||||||
Railroads — 0.25% | ||||||||
1,645 | Genesee & Wyoming, Inc., Class – A (a) | 125 | ||||||
2,441 | Kansas City Southern | 204 | ||||||
329 | ||||||||
Regional Banks — 5.11% | ||||||||
3,118 | Alliance Financial Corp. | 136 | ||||||
7,271 | BancorpSouth, Inc. | 106 | ||||||
800 | Bank of the Ozarks, Inc. | 27 | ||||||
54,181 | BBCN Bancorp, Inc. | 627 | ||||||
100 | Bridge Capital Holdings (a) | 2 | ||||||
2,901 | Camden National Corp. | 99 | ||||||
53,101 | CapitalSource, Inc. | 402 | ||||||
3,730 | Century Bancorp, Inc., Class – A | 123 | ||||||
12,822 | Columbia Banking System, Inc. | 230 | ||||||
6,780 | Cullen/Frost Bankers, Inc. | 368 | ||||||
6,055 | First Bancorp, Inc. Maine | 100 | ||||||
622 | First Citizens BancShares, Inc., Class – A | 102 | ||||||
7,435 | First Community Bancshares, Inc. | 119 |
Shares | Security Description | Value (000) | ||||||
Regional Banks (continued) | ||||||||
7,435 | First Interstate BancSystem, Inc. | $ | 115 | |||||
300 | FNB United Corp. (a) | 3 | ||||||
3,860 | Great Southern Bancorp, Inc. | 98 | ||||||
4,493 | Heartland Financial USA, Inc. | 117 | ||||||
5,188 | IBERIABANK Corp. | 255 | ||||||
5,468 | International Bancshares Corp. | 99 | ||||||
300 | Investors Bancorp, Inc. | 5 | ||||||
9,006 | MainSource Financial Group, Inc. | 114 | ||||||
88,652 | National Penn Bancshares, Inc. | 826 | ||||||
4,875 | Peoples Bancorp, Inc. | 100 | ||||||
8,670 | Popular, Inc. (a) | 180 | ||||||
4,906 | Republic Bancorp, Inc., Class – A | 104 | ||||||
8,818 | Suffolk Bancorp (a) | 115 | ||||||
88,300 | Synovus Financial Corp. | 216 | ||||||
82,116 | TCF Financial Corp. | 998 | ||||||
1,300 | Texas Capital Bancshares, Inc. (a) | 58 | ||||||
7,352 | Union First Market Bankshares Corp. | 116 | ||||||
12,424 | Virginia Commerce Bancorp, Inc. (a) | 111 | ||||||
24,403 | Webster Financial Corp. | 501 | ||||||
4,951 | WesBanco, Inc. | 110 | ||||||
548 | Westamerica Bancorp | 23 | ||||||
6,705 | ||||||||
Reinsurance — 0.18% | ||||||||
2,029 | Everest Re Group Ltd. | 223 | ||||||
300 | Greenlight Capital Re Ltd., Class – A (a) | 7 | ||||||
200 | Montpelier Re Holdings Ltd. | 5 | ||||||
235 | ||||||||
Research and Consulting Services — 0.65% | ||||||||
1,850 | Acacia Research Corp./Acacia Technologies LLC (a) | 47 | ||||||
17,898 | CBIZ, Inc. (a) | 106 | ||||||
1,051 | CoStar Group, Inc. (a) | 94 | ||||||
500 | Exponent, Inc. (a) | 28 | ||||||
400 | Franklin Covey Co. (a) | 5 | ||||||
900 | Huron Consulting Group, Inc. (a) | 30 | ||||||
4,661 | ICF International, Inc. (a) | 109 | ||||||
600 | Mistras Group, Inc. (a) | 15 | ||||||
2,700 | Odyssey Marine Exploration, Inc. (a) | 8 | ||||||
21,100 | RPX Corp. (a) | 191 | ||||||
1,245 | The Advisory Board Co. (a) | 58 | ||||||
1,200 | The Corporate Executive Board Co. | 57 | ||||||
4,438 | VSE Corp. | 109 | ||||||
857 | ||||||||
Residential Real Estate Investment Trusts — 0.47% | ||||||||
7,771 | Associated Estates Realty Corp. | 125 | ||||||
6,940 | Mid-America Apartment Communities, Inc. | 449 | ||||||
1,064 | Sun Communities, Inc. | 43 |
See accompanying notes to financial statements.
46
HC CAPITAL TRUST
The Small Capitalization Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Residential Real Estate Investment Trusts (continued) | ||||||||
100 | UMH Properties, Inc. | $ | 1 | |||||
618 | ||||||||
Restaurants — 1.19% | ||||||||
900 | AFC Enterprises, Inc. (a) | 24 | ||||||
171 | Biglari Holdings, Inc. (a) | 67 | ||||||
900 | BJ's Restaurant, Inc. (a) | 30 | ||||||
500 | Bloomin' Brands, Inc. (a) | 8 | ||||||
2,837 | Bob Evans Farms, Inc. | 114 | ||||||
700 | Bravo Brio Restaurant Group, Inc. (a) | 9 | ||||||
3,877 | Buffalo Wild Wings, Inc. (a) | 282 | ||||||
800 | Caribou Coffee Co., Inc. (a) | 13 | ||||||
19,288 | Carrols Restaurant Group, Inc. (a) | 115 | ||||||
3,583 | CEC Entertainment, Inc. | 119 | ||||||
200 | Chuy's Holdings, Inc. (a) | 4 | ||||||
2,352 | Cracker Barrel Old Country Store, Inc. | 151 | ||||||
200 | Del Frisco's Restaurant Group, Inc. (a) | 3 | ||||||
26,648 | Denny's Corp. (a) | 130 | ||||||
555 | DineEquity, Inc. (a) | 37 | ||||||
2,200 | Domino's Pizza, Inc. | 96 | ||||||
200 | Einstein Noah Restaurant Group, Inc. | 2 | ||||||
500 | Fiesta Restaurant Group, Inc. (a) | 8 | ||||||
200 | Ignite Restaurant Group, Inc. (a) | 3 | ||||||
1,300 | Jack in the Box, Inc. (a) | 37 | ||||||
2,500 | Jamba, Inc. (a) | 6 | ||||||
100 | Nathan's Famous, Inc. (a) | 3 | ||||||
657 | Papa John's International, Inc. (a) | 36 | ||||||
300 | Red Robin Gourmet Burgers, Inc. (a) | 11 | ||||||
15,627 | Ruby Tuesday, Inc. (a) | 123 | ||||||
1,300 | Ruth's Hospitality Group, Inc. (a) | 9 | ||||||
1,800 | Sonic Corp. (a) | 19 | ||||||
2,350 | Texas Roadhouse, Inc., Class – A | 40 | ||||||
2,000 | The Cheesecake Factory, Inc. | 65 | ||||||
1,564 | ||||||||
Retail Real Estate Investment Trusts — 0.50% | ||||||||
6,463 | Acadia Realty Trust | 162 | ||||||
75 | Alexander's, Inc. | 25 | ||||||
4,648 | Glimcher Realty Trust | 51 | ||||||
1,300 | Inland Real Estate Corp. | 11 | ||||||
7,386 | Pennsylvania Real Estate Investment Trust | 130 | ||||||
8,617 | Ramco-Gershenson Properties Trust | 115 | ||||||
10,829 | Retail Properties of America, Inc., Class – A | 130 | ||||||
300 | Saul Centers, Inc. | 13 | ||||||
700 | Urstadt Biddle Properties, Inc., Class – A | 14 | ||||||
651 |
Shares | Security Description | Value (000) | ||||||
Security & Alarm Services — 0.14% | ||||||||
6,374 | The Brink's Co. | $ | 182 | |||||
Semiconductor Equipment — 1.30% | ||||||||
7,909 | Advanced Energy Industries, Inc. (a) | 109 | ||||||
21,295 | Amkor Technology, Inc. (a) | 91 | ||||||
100 | ATMI, Inc. (a) | 2 | ||||||
3,386 | Cabot Microelectronics Corp. | 120 | ||||||
3,161 | Cymer, Inc. (a) | 286 | ||||||
12,689 | Entegris, Inc. (a) | 116 | ||||||
3,704 | FEI Co. | 205 | ||||||
3,600 | GT Advanced Technologies, Inc. (a) | 11 | ||||||
15,740 | MEMC Electronic Materials, Inc. (a) | 51 | ||||||
3,625 | MKS Instruments, Inc. | 93 | ||||||
900 | PDF Solutions, Inc. (a) | 12 | ||||||
7,791 | Teradyne, Inc. (a) | 132 | ||||||
3,400 | Tessera Technologies, Inc. | 56 | ||||||
8,520 | Ultratech, Inc. (a) | 318 | ||||||
3,515 | Veeco Instruments, Inc. (a) | 104 | ||||||
1,706 | ||||||||
Semiconductors — 3.33% | ||||||||
11,529 | Alpha & Omega Semiconductor Ltd. (a) | 97 | ||||||
5,225 | Altera Corp. | 180 | ||||||
1,900 | Cavium, Inc. (a) | 59 | ||||||
700 | CEVA, Inc. (a) | 11 | ||||||
2,453 | Cirrus Logic, Inc. (a) | 71 | ||||||
37,215 | Cypress Semiconductor Corp. | 403 | ||||||
39,176 | Diodes, Inc. (a) | 680 | ||||||
200 | Exar Corp. (a) | 2 | ||||||
24,245 | Fairchild Semiconductor International, Inc. (a) | 349 | ||||||
22,529 | GSI Technology, Inc. (a) | 141 | ||||||
1,151 | Hittite Microwave Corp. (a) | 72 | ||||||
400 | Inphi Corp. (a) | 4 | ||||||
10,419 | Integrated Silicon Solution, Inc. (a) | 94 | ||||||
600 | Intermolecular, Inc. (a) | 5 | ||||||
13,000 | International Rectifier Corp. (a) | 231 | ||||||
10,192 | IXYS Corp. | 93 | ||||||
8,446 | Maxim Integrated Products, Inc. | 248 | ||||||
200 | MaxLinear, Inc., Class – A (a) | 1 | ||||||
1,800 | Micrel, Inc. | 17 | ||||||
10,306 | Microsemi Corp. (a) | 217 | ||||||
1,500 | MIPS Technologies, Inc. (a) | 12 | ||||||
14,960 | Monolithic Power Systems, Inc. | 333 | ||||||
200 | NVE Corp. (a) | 11 | ||||||
15,030 | ON Semiconductor Corp. (a) | 106 | ||||||
100 | Peregrine Semiconductor Corp. (a) | 2 | ||||||
1,500 | PLX Technology, Inc. (a) | 5 | ||||||
1,100 | Power Integrations, Inc. | 37 | ||||||
1,300 | QuickLogic Corp. (a) | 3 |
See accompanying notes to financial statements.
47
HC CAPITAL TRUST
The Small Capitalization Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Semiconductors (continued) | ||||||||
300 | Rambus, Inc. (a) | $ | 1 | |||||
1,200 | RF Micro Devices, Inc. (a) | 5 | ||||||
8,513 | Semtech Corp. (a) | 246 | ||||||
2,600 | Silicon Image, Inc. (a) | 13 | ||||||
2,457 | Silicon Laboratories, Inc. (a) | 103 | ||||||
14,118 | Skyworks Solutions, Inc. (a) | 287 | ||||||
9,998 | Spansion, Inc., Class – A (a) | 139 | ||||||
700 | SunPower Corp. (a) | 4 | ||||||
13,950 | TriQuint Semiconductor, Inc. (a) | 68 | ||||||
900 | Volterra Semiconductor Corp. (a) | 15 | ||||||
4,365 | ||||||||
Soft Drinks — 0.10% | ||||||||
1,760 | Coca-Cola Bottling Co. Consolidated | 117 | ||||||
400 | Heckmann Corp. (a) | 2 | ||||||
500 | National Beverage Corp. | 7 | ||||||
126 | ||||||||
Specialized Consumer Services — 0.50% | ||||||||
4,879 | Coinstar, Inc. (a) | 254 | ||||||
200 | Collectors Universe, Inc. | 2 | ||||||
7,791 | Hillenbrand, Inc. | 176 | ||||||
600 | LifeLock, Inc. (a) | 5 | ||||||
100 | Mac-Gray Corp. | 1 | ||||||
500 | Matthews International Corp., Class – A | 16 | ||||||
5,980 | Regis Corp. | 101 | ||||||
2,379 | Sotheby's | 80 | ||||||
545 | Steiner Leisure Ltd. (a) | 27 | ||||||
662 | ||||||||
Specialized Finance — 0.97% | ||||||||
4,240 | Encore Capital Group, Inc. (a) | 130 | ||||||
21,673 | Gain Capital Holdings, Inc. | 89 | ||||||
6,949 | Interactive Brokers Group, Inc., Class – A | 95 | ||||||
1,400 | MarketAxess Holdings, Inc. | 49 | ||||||
100 | MicroFinancial, Inc. | 1 | ||||||
2,460 | Moody's Corp. | 124 | ||||||
26,469 | PHH Corp. (a) | 602 | ||||||
620 | Portfolio Recovery Associates, Inc. (a) | 66 | ||||||
4,744 | The NASDAQ OMX Group, Inc. | 119 | ||||||
1,275 | ||||||||
Specialized Real Estate Investment Trusts — 1.16% | ||||||||
9,348 | CubeSmart | 136 | ||||||
62,393 | DiamondRock Hospitality Co. | 562 | ||||||
2,800 | FelCor Lodging Trust, Inc. (a) | 13 | ||||||
3,633 | LaSalle Hotel Properties | 92 | ||||||
300 | LTC Properties, Inc. | 11 | ||||||
900 | National Health Investors, Inc. | 51 |
Shares | Security Description | Value (000) | ||||||
Specialized Real Estate Investment Trusts (continued) | ||||||||
4,200 | OMEGA Healthcare Investors, Inc. | $ | 100 | |||||
5,115 | Potlatch Corp. | 200 | ||||||
932 | Ryman Hospitality Properties, Inc. | 36 | ||||||
959 | Sovran Self Storage, Inc. | 60 | ||||||
22,171 | Strategic Hotels & Resorts, Inc. (a) | 142 | ||||||
9,707 | Sunstone Hotel Investors, Inc. (a) | 104 | ||||||
300 | Universal Health Realty Income Trust | 15 | ||||||
1,522 | ||||||||
Specialty Chemicals — 1.25% | ||||||||
5,417 | A. Schulman, Inc. | 157 | ||||||
300 | ADA-ES, Inc. (a) | 5 | ||||||
3,853 | Albemarle Corp. | 239 | ||||||
1,100 | Balchem Corp. | 40 | ||||||
1,700 | Celanese Corp., Series A | 76 | ||||||
2,600 | Chemtura Corp. (a) | 55 | ||||||
1,800 | Flotek Industries, Inc. (a) | 22 | ||||||
200 | GSE Holding, Inc. (a) | 1 | ||||||
1,900 | H.B. Fuller Co. | 66 | ||||||
2,723 | Innophos Holdings, Inc. | 127 | ||||||
100 | Innospec, Inc. | 3 | ||||||
300 | KMG Chemicals, Inc. | 5 | ||||||
300 | Landec Corp. (a) | 3 | ||||||
3,084 | Minerals Technologies, Inc. | 123 | ||||||
891 | NewMarket Corp. | 234 | ||||||
5,704 | OM Group, Inc. (a) | 127 | ||||||
1,700 | Omnova Solutions, Inc. (a) | 12 | ||||||
2,672 | PolyOne Corp. | 55 | ||||||
2,424 | Quaker Chemical Corp. | 130 | ||||||
2,860 | Stepan Co. | 159 | ||||||
300 | Zep, Inc. | 4 | ||||||
1,643 | ||||||||
Specialty Stores — 0.63% | ||||||||
100 | Barnes & Noble, Inc. (a) | 1 | ||||||
6,347 | Cabela's, Inc. (a) | 265 | ||||||
100 | Conn's, Inc. (a) | 3 | ||||||
200 | Five Below, Inc. (a) | 6 | ||||||
948 | Hibbett Sports, Inc. (a) | 50 | ||||||
13,915 | OfficeMax, Inc. | 136 | ||||||
300 | Teavana Holdings, Inc. (a) | 5 | ||||||
2,185 | Tractor Supply Co. | 193 | ||||||
1,097 | Vitamin Shoppe, Inc. (a) | 63 | ||||||
9,143 | West Marine, Inc. (a) | 98 | ||||||
100 | Winmark Corp. | 6 | ||||||
826 |
See accompanying notes to financial statements.
48
HC CAPITAL TRUST
The Small Capitalization Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Steel — 0.66% | ||||||||
700 | AK Steel Holding Corp. | $ | 3 | |||||
7,380 | Allegheny Technologies, Inc. | 224 | ||||||
4,232 | Carpenter Technology Corp. | 218 | ||||||
200 | Handy & Harman Ltd. (a) | 3 | ||||||
400 | Haynes International, Inc. | 21 | ||||||
100 | Metals USA Holdings Corp. | 2 | ||||||
6,619 | Olympic Steel, Inc. | 147 | ||||||
3,928 | Schnitzer Steel Industries, Inc., Class – A | 119 | ||||||
9,094 | Steel Dynamics, Inc. | 125 | ||||||
862 | ||||||||
Systems Software — 0.60% | ||||||||
8,525 | AVG Technologies NV (a) | 135 | ||||||
1,636 | CommVault Systems, Inc. (a) | 114 | ||||||
300 | Eloqua, Inc. (a) | 7 | ||||||
1,200 | FalconStor Software, Inc. (a) | 3 | ||||||
200 | Fleetmatics Group Ltd. (a) | 5 | ||||||
400 | Imperva, Inc. (a) | 13 | ||||||
300 | Infoblox, Inc. (a) | 5 | ||||||
5,243 | Progress Software Corp. (a) | 110 | ||||||
200 | Proofpoint, Inc. (a) | 2 | ||||||
200 | Qualys, Inc. (a) | 3 | ||||||
20,131 | Rovi Corp. (a) | 311 | ||||||
1,055 | Sourcefire, Inc. (a) | 50 | ||||||
500 | VASCO Data Security International, Inc. (a) | 4 | ||||||
1,400 | Websense, Inc. (a) | 21 | ||||||
783 | ||||||||
Technology Distributors — 1.62% | ||||||||
100 | Electro Rent Corp. | 2 | ||||||
46,104 | Ingram Micro, Inc., Class – A (a) | 780 | ||||||
41,705 | Insight Enterprises, Inc. (a) | 724 | ||||||
10,343 | PC Connection, Inc. | 119 | ||||||
3,188 | ScanSource, Inc. (a) | 101 | ||||||
8,611 | SYNNEX Corp. (a) | 296 | ||||||
2,216 | Tech Data Corp. (a) | 101 | ||||||
2,123 | ||||||||
Thrifts & Mortgage Finance — 1.20% | ||||||||
100 | Apollo Residential Mortgage, Inc. | 2 | ||||||
10,605 | Astoria Financial Corp. | 99 | ||||||
200 | Beneficial Mutual Bancorp, Inc. (a) | 2 | ||||||
5,366 | Bofl Holding, Inc. (a) | 150 | ||||||
7,863 | Dime Community Bancshares | 109 | ||||||
6,096 | First Defiance Financial Corp. | 117 | ||||||
13,518 | First Niagara Financial Group, Inc. | 107 | ||||||
7,830 | Flushing Financial Corp. | 120 | ||||||
700 | Nationstar Mortgage Holdings, Inc. (a) | 22 |
Shares | Security Description | Value (000) | ||||||
Thrifts & Mortgage Finance (continued) | ||||||||
7,266 | OceanFirst Financial Corp. | $ | 100 | |||||
300 | Ocwen Financial Corp. (a) | 10 | ||||||
600 | Oritani Financial Corp. | 9 | ||||||
15,080 | Provident Financial Services, Inc. | 225 | ||||||
100 | Tree.com, Inc. | 2 | ||||||
8,301 | Walker & Dunlop, Inc. (a) | 138 | ||||||
8,518 | WSFS Financial Corp. | 360 | ||||||
1,572 | ||||||||
Tires & Rubber — 0.15% | ||||||||
7,860 | Cooper Tire & Rubber Co. | 199 | ||||||
Tobacco — 0.11% | ||||||||
5,200 | Star Scientific, Inc. (a) | 14 | ||||||
2,276 | Universal Corp. | 113 | ||||||
1,538 | Vector Group Ltd. | 23 | ||||||
150 | ||||||||
Trading Companies & Distributors — 1.11% | ||||||||
200 | Aceto Corp. | 2 | ||||||
8,699 | Aircastle Ltd. | 109 | ||||||
7,167 | Applied Industrial Technologies, Inc. | 301 | ||||||
1,700 | Beacon Roofing Supply, Inc. (a) | 57 | ||||||
300 | DXP Enterprises, Inc. (a) | 15 | ||||||
200 | Edgen Group, Inc. (a) | 1 | ||||||
3,051 | GATX Corp. | 132 | ||||||
600 | H&E Equipment Services, Inc. | 9 | ||||||
200 | Houston Wire & Cable Co. | 3 | ||||||
1,000 | Kaman Corp. | 37 | ||||||
9,987 | MRC Global, Inc. (a) | 277 | ||||||
6,322 | SeaCube Container Leasing Ltd. | 119 | ||||||
600 | TAL International Group, Inc. | 22 | ||||||
500 | Textainer Group Holdings Ltd. | 16 | ||||||
600 | Titan Machinery, Inc. (a) | 15 | ||||||
4,504 | Watsco, Inc. | 337 | ||||||
1,452 | ||||||||
Trucking — 1.17% | ||||||||
1,201 | AMERCO, Inc. | 152 | ||||||
4,000 | Avis Budget Group, Inc. (a) | 79 | ||||||
800 | Celadon Group, Inc. | 15 | ||||||
23,413 | Con-way, Inc. | 651 | ||||||
1,400 | Heartland Express, Inc. | 18 | ||||||
2,100 | Knight Transportation, Inc. | 31 | ||||||
2,549 | Landstar System, Inc. | 134 | ||||||
2,650 | Old Dominion Freight Line, Inc. (a) | 91 | ||||||
200 | Quality Distribution, Inc. (a) | 1 | ||||||
300 | Roadrunner Transportation Systems, Inc. (a) | 5 | ||||||
2,963 | Ryder System, Inc. | 148 | ||||||
100 | Saia, Inc. (a) | 2 |
See accompanying notes to financial statements.
49
HC CAPITAL TRUST
The Small Capitalization Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||||||
Common Stocks (continued) | ||||||||||||
Trucking (continued) | ||||||||||||
2,900 | Swift Transportation Co. (a) | $ | 27 | |||||||||
7,600 | Universal Truckload Services, Inc. | 139 | ||||||||||
1,400 | Werner Enterprises, Inc. | 30 | ||||||||||
800 | Zipcar, Inc. (a) | 7 | ||||||||||
1,530 | ||||||||||||
Water Utilities — 0.03% | ||||||||||||
100 | American States Water Co. | 5 | ||||||||||
500 | Cadiz, Inc. (a) | 4 | ||||||||||
800 | California Water Service Group | 15 | ||||||||||
300 | Connecticut Water Service, Inc. | 9 | ||||||||||
200 | SJW Corp. | 5 | ||||||||||
400 | The York Water Co. | 7 | ||||||||||
45 | ||||||||||||
Wireless Telecommunication Services — 0.72% | ||||||||||||
500 | Leap Wireless International, Inc. (a) | 3 | ||||||||||
9,037 | MetroPCS Communications, Inc. (a) | 90 | ||||||||||
46,142 | NII Holdings, Inc. (a) | 329 | ||||||||||
600 | NTELOS Holding Corp. | 8 | ||||||||||
4,290 | SBA Communications Corp., Class – A (a) | 305 | ||||||||||
5,024 | Telephone & Data Systems, Inc. | 111 | ||||||||||
8,341 | USA Mobility, Inc. | 97 | ||||||||||
943 | ||||||||||||
Total Common Stocks | 129,000 | |||||||||||
Contingent Rights — 0.00% | ||||||||||||
Biotechnology — 0.00% | ||||||||||||
2,000 | Allos Therapeutics, Inc. (a)* | — | ||||||||||
— | ||||||||||||
Oil & Gas Refining & Marketing — 0.00% | ||||||||||||
7,574 | CVR Energy, Inc. (a)* | — | ||||||||||
Total Contingent Rights | — |
Shares or Principal Amount (000) | Security Description | Value (000) | ||||||
Warrant — 0.00% | ||||||||
Oil & Gas Exploration & Production — 0.00% | ||||||||
450 | Magnum Hunter Resources Corp. (a)* | $ | — | |||||
Total Warrant | — | |||||||
U.S. Treasury Obligations — 0.04% | ||||||||
$35 | U.S. Treasury Bills, 0.09%, 3/7/13 (b) (c) | 35 | ||||||
14 | U.S. Treasury Bills, 0.09%, 2/7/13 (b) (c) | 14 | ||||||
Total U.S. Treasury Obligations | 49 | |||||||
Time Deposit — 1.20% | ||||||||
1,575 | State Street Liquidity Management Control System Time Deposit, 0.01%, 1/2/13 | 1,575 | ||||||
Total Time Deposit | 1,575 | |||||||
Mutual Fund — 0.55% | ||||||||
727,000 | Alliance Money Market Fund Prime Portfolio, 0.11% (d) | 727 | ||||||
Total Mutual Fund | 727 | |||||||
Total Investments (cost $110,702) — 100.10% | 131,351 | |||||||
Liabilities in excess of other assets — (0.10)% | (135) | |||||||
Net Assets — 100.00% | $ | 131,216 |
Amounts designated as “ — ” are $0 or have been rounded to $0.
* | Security was fair valued on December 31, 2012 and represents a Level 2 security. Refer to Note 2 in the Notes to Financial Statements. |
(a) | Represents non-income producing security. |
(b) | Rate disclosed represents effective yield at purchase. |
(c) | All or part of this security has been pledged as collateral for futures contracts held by the Portfolio. |
(d) | The rate disclosed is the rate in effect on December 31, 2012. |
NYS — New York Registered Shares
REIT — Real Estate Investment Trust
See accompanying notes to financial statements.
50
HC CAPITAL TRUST
The Small Capitalization Equity Portfolio
Portfolio of Investments (concluded) — December 31, 2012 (Unaudited)
The following table reflects the percentage of the total net assets of the Portfolio attributable to each Specialist Manager; see Note 3 in the Notes to Financial Statements.
The Small Capitalization Equity Portfolio | Frontier Capital Management Company, LLC | IronBridge Capital Management LP | Pzena Investment Management, LLC | SSgA Funds Management, Inc. | SSgA Funds Management, Inc. - Fundamental Value Index | Total | ||||||||||||||||||
Common Stocks | 19.85 | % | 15.69 | % | 16.85 | % | 16.46 | % | 29.46 | % | 98.31 | % | ||||||||||||
Contingent Rights | — | — | — | — | 0.00 | % | 0.00 | % | ||||||||||||||||
Warrant | — | — | — | 0.00 | % | — | 0.00 | % | ||||||||||||||||
U.S. Treasury Obligations | — | — | — | 0.04 | % | — | 0.04 | % | ||||||||||||||||
Time Deposits | 0.61 | % | 0.47 | % | 0.12 | % | — | — | 1.20 | % | ||||||||||||||
Mutual Funds | — | — | — | 0.31 | % | 0.24 | % | 0.55 | % | |||||||||||||||
Other Assets (Liabilities) | 0.03 | % | -0.15 | % | 0.10 | % | 0.06 | % | -0.14 | % | -0.10 | % | ||||||||||||
Total Investments | 20.49 | % | 16.01 | % | 17.07 | % | 16.87 | % | 29.56 | % | 100.00 | % |
The following table reflects the open derivative positions held by the Portfolio as of December 31, 2012.
Long Futures
Number of Contracts | Futures Contracts Positions | Value (000) | Expiration | Unrealized Appreciation/ (Depreciation) (000) | ||||||||||||
6 | Russell 2000 Mini Index Future | $ | 508 | 3/18/13 | $ | 15 | ||||||||||
Net Unrealized Appreciation/(Depreciation) | $ | 15 |
See accompanying notes to financial statements.
51
HC CAPITAL TRUST
The Institutional Small Capitalization Equity Portfolio
Portfolio of Investments — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks — 99.19% | ||||||||
Advertising — 0.44% | ||||||||
157,717 | Harte-Hanks, Inc. | $ | 931 | |||||
Aerospace & Defense — 2.81% | ||||||||
13,485 | AAR Corp. | 252 | ||||||
3,541 | Alliant Techsystems, Inc. | 219 | ||||||
3,666 | Cubic Corp. | 176 | ||||||
36,821 | Curtiss-Wright Corp. | 1,209 | ||||||
29,810 | Engility Holdings, Inc. (a) | 574 | ||||||
9,005 | Esterline Technologies Corp. (a) | 573 | ||||||
17,814 | Exelis, Inc. | 201 | ||||||
11,021 | GeoEye, Inc. (a) | 339 | ||||||
19,037 | Huntington Ingalls Industries, Inc. | 825 | ||||||
9,061 | Moog, Inc., Class – A (a) | 372 | ||||||
2,556 | National Presto Industries, Inc. | 176 | ||||||
36,264 | Orbital Sciences Corp. (a) | 499 | ||||||
8,405 | Triumph Group, Inc. | 549 | ||||||
5,964 | ||||||||
Agricultural Products — 0.08% | ||||||||
10,442 | Darling International, Inc. (a) | 168 | ||||||
Air Freight & Logistics — 0.40% | ||||||||
34,141 | Air Transport Services Group, Inc. (a) | 137 | ||||||
4,183 | Atlas Air Worldwide Holdings, Inc. (a) | 185 | ||||||
8,848 | Hub Group, Inc., Class – A (a) | 297 | ||||||
17,600 | UTI Worldwide, Inc. | 236 | ||||||
855 | ||||||||
Airlines — 1.41% | ||||||||
9,889 | Alaska Air Group, Inc. (a) | 426 | ||||||
25,569 | Hawaiian Holdings, Inc. (a) | 168 | ||||||
61,087 | JetBlue Airways Corp. (a) | 349 | ||||||
62,480 | United Continental Holdings, Inc. (a) | 1,461 | ||||||
42,927 | US Airways Group, Inc. (a) | 579 | ||||||
2,983 | ||||||||
Alternative Carriers — 0.17% | ||||||||
36,428 | Premiere Global Services, Inc. (a) | 356 | ||||||
Apparel Retail — 1.14% | ||||||||
77,257 | Aeropostale, Inc. (a) | 1,005 | ||||||
50,060 | Casual Male Retail Group, Inc. (a) | 210 | ||||||
19,635 | Chico's FAS, Inc. | 362 | ||||||
4,530 | Rue21, Inc. (a) | 129 | ||||||
8,188 | Shoe Carnival, Inc. | 168 | ||||||
22,098 | Stein Mart, Inc. | 167 | ||||||
4,806 | The Buckle, Inc. | 214 | ||||||
5,892 | The Cato Corp., Class – A | 162 | ||||||
2,417 | ||||||||
Apparel, Accessories & Luxury Goods — 1.18% | ||||||||
10,193 | G-III Apparel Group Ltd. (a) | 349 | ||||||
6,260 | Hanesbrands, Inc. (a) | 224 | ||||||
9,000 | Maidenform Brands, Inc. (a) | 175 | ||||||
8,826 | Movado Group, Inc. | 271 | ||||||
88,920 | The Jones Group, Inc. | 984 |
Shares | Security Description | Value (000) | ||||||
Apparel, Accessories & Luxury Goods (continued) | ||||||||
8,349 | Under Armour, Inc., Class – A (a) | $ | 405 | |||||
3,700 | Vera Bradley, Inc. (a) | 93 | ||||||
2,501 | ||||||||
Application Software — 1.98% | ||||||||
7,200 | Advent Software, Inc. (a) | 154 | ||||||
19,095 | Compuware Corp. (a) | 207 | ||||||
8,775 | Ebix, Inc. | 141 | ||||||
5,355 | Ellie Mae, Inc. (a) | 149 | ||||||
5,326 | ePlus, Inc. | 220 | ||||||
4,124 | Fair Isaac Corp. | 173 | ||||||
12,022 | Guidewire Software, Inc. (a) | 357 | ||||||
11,580 | Mentor Graphics Corp. (a) | 197 | ||||||
26,328 | Parametric Technology Corp. (a) | 593 | ||||||
11,824 | SolarWinds, Inc. (a) | 620 | ||||||
9,205 | The Ultimate Software Group, Inc. (a) | 869 | ||||||
6,213 | TIBCO Software, Inc. (a) | 137 | ||||||
30,665 | TiVo, Inc. (a) | 378 | ||||||
4,195 | ||||||||
Asset Management & Custody Banks — 0.93% | ||||||||
15,454 | Calamos Asset Management, Inc., Class – A | 163 | ||||||
29,373 | Fifth Street Finance Corp. | 306 | ||||||
25,400 | Financial Engines, Inc. (a) | 705 | ||||||
7,155 | Main Street Capital Corp. | 218 | ||||||
16,696 | Waddell & Reed Financial, Inc., Class – A | 582 | ||||||
1,974 | ||||||||
Auto Parts & Equipment — 0.90% | ||||||||
4,824 | Autoliv, Inc. | 325 | ||||||
56,950 | Dana Holding Corp. | 889 | ||||||
15,899 | Federal-Mogul Corp. (a) | 127 | ||||||
26,840 | Modine Manufacturing Co. (a) | 218 | ||||||
12,496 | Standard Motor Products, Inc. | 278 | ||||||
2,300 | Tenneco, Inc. (a) | 81 | ||||||
1,918 | ||||||||
Automobile Manufacturers — 0.80% | ||||||||
15,730 | Tesla Motors, Inc. (a) | 533 | ||||||
31,055 | Thor Industries, Inc. | 1,162 | ||||||
1,695 | ||||||||
Automotive Retail — 0.48% | ||||||||
3,785 | Group 1 Automotive, Inc. | 235 | ||||||
13,816 | Lithia Motors, Inc., Class – A | 517 | ||||||
12,840 | Sonic Automotive, Inc., Class – A | 268 | ||||||
1,020 | ||||||||
Biotechnology — 1.57% | ||||||||
53,310 | Arena Pharmaceuticals, Inc. (a) | 481 | ||||||
84,087 | Astex Pharmaceuticals, Inc. (a) | 245 | ||||||
1,773 | BioMarin Pharmaceutical, Inc. (a) | 87 | ||||||
17,189 | Cepheid, Inc. (a) | 581 | ||||||
6,333 | Cubist Pharmaceuticals, Inc. (a) | 266 | ||||||
11,722 | Emergent BioSolutions, Inc. (a) | 188 | ||||||
12,815 | Exact Sciences Corp. (a) | 136 | ||||||
1,493 | Genomic Health, Inc. (a) | 41 |
See accompanying notes to financial statements.
52
HC CAPITAL TRUST
The Institutional Small Capitalization Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Biotechnology (continued) | ||||||||
13,400 | InterMune, Inc. (a) | $ | 130 | |||||
27,362 | Maxygen, Inc. | 67 | ||||||
11,327 | Myriad Genetics, Inc. (a) | 309 | ||||||
41,027 | Nanosphere, Inc. (a) | 118 | ||||||
9,143 | NPS Pharmaceuticals, Inc. (a) | 83 | ||||||
25,781 | PDL BioPharma, Inc. | 182 | ||||||
23,784 | SciClone Pharmaceuticals, Inc. (a) | 102 | ||||||
11,272 | Spectrum Pharmaceuticals, Inc. | 126 | ||||||
3,475 | United Therapeutics Corp. (a) | 186 | ||||||
3,328 | ||||||||
Building Products — 1.81% | ||||||||
7,765 | A.O. Smith Corp. | 490 | ||||||
11,200 | Apogee Enterprises, Inc. | 269 | ||||||
27,813 | Fortune Brands Home & Security, Inc. (a) | 813 | ||||||
105,916 | Griffon Corp. | 1,214 | ||||||
10,270 | Lennox International, Inc. | 539 | ||||||
100 | Owens Corning, Inc. (a) | 4 | ||||||
4,310 | Trex Co., Inc. (a) | 160 | ||||||
9,313 | Universal Forest Products, Inc. | 354 | ||||||
3,843 | ||||||||
Casinos & Gaming — 0.31% | ||||||||
3,089 | Churchill Downs, Inc. | 205 | ||||||
18,953 | Monarch Casino & Resort, Inc. (a) | 207 | ||||||
14,386 | WMS Industries, Inc. (a) | 252 | ||||||
664 | ||||||||
Coal & Consumable Fuels — 0.28% | ||||||||
10,263 | Cloud Peak Energy, Inc. (a) | 198 | ||||||
3,300 | CONSOL Energy, Inc. | 106 | ||||||
22,977 | Hallador Energy Co. | 190 | ||||||
16,500 | KiOR, Inc., Class – A (a) | 106 | ||||||
600 | ||||||||
Commercial Printing — 0.32% | ||||||||
6,985 | Deluxe Corp. | 225 | ||||||
11,495 | Ennis, Inc. | 178 | ||||||
20,135 | InnerWorkings, Inc. (a) | 277 | ||||||
680 | ||||||||
Commodity Chemicals — 0.45% | ||||||||
5,050 | Georgia Gulf Corp. | 208 | ||||||
14,898 | Methanex Corp. | 475 | ||||||
3,356 | Westlake Chemical Corp. | 266 | ||||||
949 | ||||||||
Communications Equipment — 0.88% | ||||||||
4,524 | ADTRAN, Inc. | 88 | ||||||
17,436 | Arris Group, Inc. (a) | 261 | ||||||
12,247 | Aruba Networks, Inc. (a) | 254 | ||||||
6,098 | Black Box Corp. | 148 | ||||||
17,737 | Globecomm Systems, Inc. (a) | 201 | ||||||
12,759 | Oplink Communications, Inc. (a) | 199 |
Shares | Security Description | Value (000) | ||||||
Communications Equipment (continued) | ||||||||
17,146 | Polycom, Inc. (a) | $ | 179 | |||||
11,919 | Riverbed Technology, Inc. (a) | 235 | ||||||
7,395 | Ruckus Wireless, Inc. (a) | 167 | ||||||
72,414 | Westell Technologies, Inc., Class – A (a) | 134 | ||||||
1,866 | ||||||||
Computer & Electronics Retail — 0.70% | ||||||||
9,574 | GameStop Corp., Class – A | 240 | ||||||
15,140 | hhgregg, Inc. (a) | 106 | ||||||
43,238 | RadioShack Corp. | 92 | ||||||
21,313 | Rent-A-Center, Inc. | 733 | ||||||
8,974 | REX American Resources Corp. (a) | 173 | ||||||
15,120 | Systemax, Inc. | 146 | ||||||
1,490 | ||||||||
Computer Hardware — 0.29% | ||||||||
7,760 | Stratasys Ltd. (a) | 622 | ||||||
Computer Storage & Peripherals — 0.69% | ||||||||
26,335 | Fusion-io, Inc. (a) | 604 | ||||||
6,467 | Lexmark International, Inc., Class – A | 150 | ||||||
12,976 | QLogic Corp. (a) | 126 | ||||||
6,340 | Synaptics, Inc. (a) | 190 | ||||||
9,086 | Western Digital Corp. | 386 | ||||||
1,456 | ||||||||
Construction & Engineering — 1.66% | ||||||||
10,724 | AECOM Technology Corp. (a) | 255 | ||||||
9,046 | Foster Wheeler AG (a) | 220 | ||||||
2,760 | Jacobs Engineering Group, Inc. (a) | 118 | ||||||
12,636 | MasTec, Inc. (a) | 315 | ||||||
20,040 | McDermott International, Inc. (a) | 221 | ||||||
6,677 | Michael Baker Corp. | 167 | ||||||
41,883 | Pike Electric Corp. | 400 | ||||||
22,648 | Primoris Services Corp. | 341 | ||||||
16,385 | Quanta Services, Inc. (a) | 447 | ||||||
17,337 | Sterling Construction Co., Inc. (a) | 172 | ||||||
62,588 | Tutor Perini Corp. (a) | 857 | ||||||
3,513 | ||||||||
Construction & Farm Machinery & Heavy Trucks — 1.33% | ||||||||
5,457 | Alamo Group, Inc. | 178 | ||||||
1,330 | Astec Industries, Inc. | 44 | ||||||
4,651 | CNH Global NV – NYS | 187 | ||||||
25,900 | Meritor, Inc. (a) | 122 | ||||||
10,663 | Miller Industries, Inc. | 163 | ||||||
1,512 | NACCO Industries, Inc., Class – A | 92 | ||||||
8,656 | Oshkosh Corp. (a) | 257 | ||||||
31,872 | The Manitowoc Co., Inc. | 500 | ||||||
7,217 | Trinity Industries, Inc. | 258 | ||||||
62,160 | Wabash National Corp. (a) | 558 | ||||||
4,255 | WABCO Holdings, Inc. (a) | 277 | ||||||
7,072 | Westport Innovations, Inc. (a) | 189 | ||||||
2,825 |
See accompanying notes to financial statements.
53
HC CAPITAL TRUST
The Institutional Small Capitalization Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Construction Materials — 0.51% | ||||||||
10,120 | Eagle Materials, Inc. | $ | 592 | |||||
2,000 | Martin Marietta Materials, Inc. | 189 | ||||||
5,870 | Texas Industries, Inc. (a) | 299 | ||||||
1,080 | ||||||||
Consumer Electronics — 0.26% | ||||||||
6,154 | Harman International Industries, Inc. | 275 | ||||||
14,081 | Universal Electronics, Inc. (a) | 272 | ||||||
547 | ||||||||
Consumer Finance — 0.45% | ||||||||
3,912 | Cash America International, Inc. | 155 | ||||||
12,073 | EZCORP, Inc., Class – A (a) | 240 | ||||||
10,690 | Green Dot Corp., Class – A (a) | 130 | ||||||
7,681 | Nelnet, Inc., Class – A | 229 | ||||||
2,641 | World Acceptance Corp. (a) | 197 | ||||||
951 | ||||||||
Data Processing & Outsourced Services — 1.21% | ||||||||
8,233 | Broadridge Financial Solutions, Inc. | 188 | ||||||
4,941 | Cass Information Systems, Inc. | 208 | ||||||
11,931 | Convergys Corp. | 196 | ||||||
9,462 | CoreLogic, Inc. (a) | 255 | ||||||
10,120 | CSG Systems International, Inc. (a) | 184 | ||||||
3,148 | DST Systems, Inc. | 191 | ||||||
24,019 | Global Cash Access Holdings, Inc. (a) | 188 | ||||||
2,813 | Global Payments, Inc. | 127 | ||||||
8,675 | Jack Henry & Associates, Inc. | 341 | ||||||
5,266 | Syntel, Inc. | 282 | ||||||
10,887 | TeleTech Holdings, Inc. (a) | 194 | ||||||
7,140 | VeriFone Systems, Inc. (a) | 212 | ||||||
2,566 | ||||||||
Department Stores — 0.11% | ||||||||
2,709 | Dillard's, Inc., Class – A | 227 | ||||||
Distributors — 0.06% | ||||||||
19,249 | VOXX International Corp. (a) | 130 | ||||||
Diversified Banks — 0.08% | ||||||||
8,241 | Banco Latinoamericano de Comercio Exterior SA, Class – E | 178 | ||||||
Diversified Chemicals — 0.91% | ||||||||
21,159 | Cabot Corp. | 842 | ||||||
15,415 | FMC Corp. | 902 | ||||||
8,331 | Olin Corp. | 180 | ||||||
1,924 | ||||||||
Diversified Metals & Mining — 0.19% | ||||||||
15,500 | Horsehead Holding Corp. (a) | 158 | ||||||
3,069 | RTI International Metals, Inc. (a) | 85 | ||||||
9,770 | US Silica Holdings, Inc. | 163 | ||||||
406 | ||||||||
Diversified Real Estate Activities — 0.23% | ||||||||
10,055 | Alexander & Baldwin, Inc. (a) | 295 | ||||||
6,819 | Coresite Realty Corp. | 189 | ||||||
484 |
Shares | Security Description | Value (000) | ||||||
Diversified Real Estate Investment Trusts — 0.53% | ||||||||
41,748 | CapLease, Inc. | $ | 233 | |||||
7,982 | Colonial Properties Trust | 171 | ||||||
22,798 | Cousins Properties, Inc. | 190 | ||||||
69,214 | Gramercy Capital Corp. (a) | 203 | ||||||
2,572 | PS Business Parks, Inc. | 167 | ||||||
14,225 | Winthrop Realty Trust, Inc. | 157 | ||||||
1,121 | ||||||||
Diversified Support Services — 0.25% | ||||||||
3,400 | Higher One Holdings, Inc. (a) | 36 | ||||||
10,220 | KAR Auction Services, Inc. | 207 | ||||||
4,600 | Ritchie Bros. Auctioneers, Inc. | 96 | ||||||
2,745 | UniFirst Corp. | 201 | ||||||
540 | ||||||||
Education Services — 0.78% | ||||||||
7,955 | Bridgepoint Education, Inc. (a) | 82 | ||||||
5,000 | Capella Education Co. (a) | 141 | ||||||
26,242 | DeVry, Inc. | 623 | ||||||
2,861 | ITT Educational Services, Inc. (a) | 49 | ||||||
29,453 | K12, Inc. (a) | 602 | ||||||
27,681 | Lincoln Educational Services Corp. | 155 | ||||||
1,652 | ||||||||
Electric Utilities — 0.93% | ||||||||
4,123 | ALLETE, Inc. | 169 | ||||||
6,476 | Avista Corp. | 156 | ||||||
4,129 | Cleco Corp. | 165 | ||||||
14,790 | El Paso Electric Co. | 472 | ||||||
4,047 | IDACORP, Inc. | 176 | ||||||
4,021 | ITC Holdings Corp. | 309 | ||||||
6,614 | Portland General Electric Co. | 181 | ||||||
8,180 | The Empire District Electric Co. | 167 | ||||||
4,416 | UNS Energy Corp. | 187 | ||||||
1,982 | ||||||||
Electrical Components & Equipment — 2.47% | ||||||||
13,115 | Anixter International, Inc. | 839 | ||||||
15,277 | Belden, Inc. | 687 | ||||||
44,184 | Brady Corp., Class – A | 1,476 | ||||||
14,477 | Chase Corp. | 269 | ||||||
9,245 | Encore Wire Corp. | 280 | ||||||
14,385 | EnerSys (a) | 541 | ||||||
21,766 | GrafTech International Ltd. (a) | 205 | ||||||
3,146 | Hubbell, Inc., Class – B | 266 | ||||||
10,680 | Polypore International, Inc. (a) | 497 | ||||||
3,084 | Preformed Line Products Co. | 183 | ||||||
5,243 | ||||||||
Electronic Components — 1.01% | ||||||||
16,632 | AVX Corp. | 179 | ||||||
4,125 | Dolby Laboratories, Inc., Class – A | 121 | ||||||
15,409 | DTS, Inc. (a) | 257 | ||||||
6,693 | Littelfuse, Inc. | 413 |
See accompanying notes to financial statements.
54
HC CAPITAL TRUST
The Institutional Small Capitalization Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Electronic Components (continued) | ||||||||
19,392 | Rogers Corp. (a) | $ | 963 | |||||
19,034 | Vishay Intertechnology, Inc. (a) | 203 | ||||||
2,136 | ||||||||
Electronic Equipment & Instruments — 0.47% | ||||||||
3,200 | Itron, Inc. (a) | 143 | ||||||
10,668 | National Instruments Corp. | 275 | ||||||
14,529 | Newport Corp. (a) | 195 | ||||||
2,875 | OSI Systems, Inc. (a) | 184 | ||||||
9,363 | Rofin-Sinar Technologies, Inc. (a) | 203 | ||||||
1,000 | ||||||||
Electronic Manufacturing Services — 1.14% | ||||||||
49,255 | Flextronics International Ltd. (a) | 306 | ||||||
16,598 | IPG Photonics Corp. | 1,106 | ||||||
11,855 | Jabil Circuit, Inc. | 229 | ||||||
7,125 | Multi-Fineline Electronix, Inc. (a) | 144 | ||||||
6,250 | Plexus Corp. (a) | 161 | ||||||
4,840 | Trimble Navigation Ltd. (a) | 289 | ||||||
19,299 | TTM Technologies, Inc. (a) | 178 | ||||||
2,413 | ||||||||
Environmental & Facilities Services — 0.13% | ||||||||
2,162 | Clean Harbors, Inc. (a) | 119 | ||||||
77,994 | Metalico, Inc. (a) | 153 | ||||||
272 | ||||||||
Food Distributors — 0.15% | ||||||||
8,308 | Nash Finch Co. | 177 | ||||||
9,752 | Spartan Stores, Inc. | 150 | ||||||
327 | ||||||||
Food Retail — 0.47% | ||||||||
11,096 | Ingles Markets, Inc., Class – A | 191 | ||||||
4,148 | The Andersons, Inc. | 178 | ||||||
13,013 | The Fresh Market, Inc. (a) | 626 | ||||||
995 | ||||||||
Footwear — 0.96% | ||||||||
11,049 | Deckers Outdoor Corp. (a) | 445 | ||||||
10,249 | Iconix Brand Group, Inc. (a) | 229 | ||||||
13,135 | R.G. Barry Corp. | 186 | ||||||
30,781 | Skechers USA, Inc., Class – A (a) | 569 | ||||||
15,572 | Tumi Holdings, Inc. (a) | 325 | ||||||
6,784 | Wolverine World Wide, Inc. | 278 | ||||||
2,032 | ||||||||
Forest Products — 0.17% | ||||||||
18,391 | Louisiana-Pacific Corp. (a) | 355 | ||||||
Gas Utilities — 0.53% | ||||||||
3,930 | Chesapeake Utilities Corp. | 178 | ||||||
3,947 | Southwest Gas Corp. | 167 | ||||||
4,367 | The Laclede Group, Inc. | 169 | ||||||
18,702 | UGI Corp. | 612 | ||||||
1,126 |
Shares | Security Description | Value (000) | ||||||
General Merchandise Stores — 0.19% | ||||||||
4,362 | Dollar Tree, Inc. (a) | $ | 177 | |||||
16,914 | Fred's, Inc., Class – A | 225 | ||||||
402 | ||||||||
Gold — 0.15% | ||||||||
6,080 | Agnico-Eagle Mines Ltd. | 319 | ||||||
Health Care Distributors — 0.65% | ||||||||
3,460 | MWI Veterinary Supply, Inc. (a) | 380 | ||||||
27,009 | Owens & Minor, Inc. | 770 | ||||||
15,928 | PharMerica Corp. (a) | 227 | ||||||
1,377 | ||||||||
Health Care Equipment — 2.06% | ||||||||
34,012 | CryoLife, Inc. | 212 | ||||||
11,325 | Cyberonics, Inc. (a) | 595 | ||||||
60,011 | DexCom, Inc. (a) | 817 | ||||||
7,946 | Greatbatch, Inc. (a) | 185 | ||||||
7,741 | Hill-Rom Holdings, Inc. | 220 | ||||||
49,808 | Insulet Corp. (a) | 1,057 | ||||||
11,638 | Invacare Corp. | 190 | ||||||
22,000 | MAKO Surgical Corp. (a) | 283 | ||||||
5,961 | Sirona Dental Systems, Inc. (a) | 384 | ||||||
19,000 | Symmetry Medical, Inc. (a) | 200 | ||||||
26,704 | Syneron Medical Ltd. (a) | 231 | ||||||
4,374 | ||||||||
Health Care Facilities — 1.83% | ||||||||
4,857 | Acadia Healthcare Co., Inc. (a) | 113 | ||||||
5,814 | AmSurg Corp. (a) | 174 | ||||||
12,414 | Assisted Living Concepts, Inc., Class – A | 121 | ||||||
6,133 | Community Health Systems, Inc. | 189 | ||||||
22,900 | Health Management Associates, Inc., Class – A (a) | 213 | ||||||
7,372 | HealthSouth Corp. (a) | 156 | ||||||
18,372 | LifePoint Hospitals, Inc. (a) | 694 | ||||||
3,824 | National Healthcare Corp. | 180 | ||||||
17,304 | Select Medical Holdings Corp. | 163 | ||||||
8,160 | Tenet Healthcare Corp. (a) | 265 | ||||||
6,104 | The Ensign Group, Inc. | 166 | ||||||
68,372 | VCA Antech, Inc. (a) | 1,439 | ||||||
3,873 | ||||||||
Health Care Services — 0.83% | ||||||||
7,716 | Almost Family, Inc. | 156 | ||||||
6,200 | Catamaran Corp. (a) | 292 | ||||||
2,845 | Chemed Corp. | 195 | ||||||
12,685 | HMS Holdings Corp. (a) | 329 | ||||||
10,378 | LHC Group, Inc. (a) | 221 | ||||||
4,370 | MEDNAX, Inc. (a) | 348 | ||||||
12,836 | Providence Service Corp. (a) | 218 | ||||||
1,759 | ||||||||
Health Care Supplies — 0.60% | ||||||||
3,590 | Haemonetics Corp. (a) | 147 | ||||||
4,799 | Neogen Corp. (a) | 217 |
See accompanying notes to financial statements.
55
HC CAPITAL TRUST
The Institutional Small Capitalization Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Health Care Supplies (continued) | ||||||||
9,167 | The Cooper Cos., Inc. | $ | 848 | |||||
27,400 | Unilife Corp. (a) | 62 | ||||||
1,274 | ||||||||
Health Care Technology — 0.56% | ||||||||
8,980 | athenahealth, Inc. (a) | 659 | ||||||
8,267 | Medidata Solutions, Inc. (a) | 324 | ||||||
8,470 | Vocera Communications, Inc. (a) | 213 | ||||||
1,196 | ||||||||
Home Entertainment Software — 0.08% | ||||||||
12,300 | Electronic Arts, Inc. (a) | 179 | ||||||
Home Improvement Retail — 0.15% | ||||||||
5,865 | Lumber Liquidators Holdings, Inc. (a) | 310 | ||||||
Homebuilding — 0.21% | ||||||||
11,845 | Meritage Homes Corp. (a) | 442 | ||||||
Homefurnishing Retail — 0.43% | ||||||||
14,975 | Kirkland's, Inc. (a) | 159 | ||||||
28,809 | Select Comfort Corp. (a) | 754 | ||||||
913 | ||||||||
Household Appliances — 0.48% | ||||||||
5,181 | Helen of Troy Ltd. (a) | 173 | ||||||
4,741 | Snap-on, Inc. | 375 | ||||||
10,680 | SodaStream International Ltd. (a) | 479 | ||||||
1,027 | ||||||||
Housewares & Specialties — 0.46% | ||||||||
11,685 | American Greetings Corp., Class – A | 197 | ||||||
8,350 | CSS Industries, Inc. | 183 | ||||||
13,815 | Lifetime Brands, Inc. | 147 | ||||||
6,884 | Tupperware Brands Corp. | 441 | ||||||
968 | ||||||||
Human Resource & Employment Services — 0.20% | ||||||||
13,855 | Kelly Services, Inc., Class – A | 218 | ||||||
12,361 | Korn/Ferry International (a) | 196 | ||||||
414 | ||||||||
Industrial Conglomerates — 0.41% | ||||||||
3,025 | Carlisle Cos., Inc. | 178 | ||||||
22,455 | Kimball International, Inc., Class – B | 261 | ||||||
81 | Seaboard Corp. | 205 | ||||||
4,237 | Standex International Corp. | 217 | ||||||
861 | ||||||||
Industrial Machinery — 3.96% | ||||||||
42,825 | Actuant Corp., Class – A | 1,195 | ||||||
9,631 | Ampco-Pittsburgh Corp. | 192 | ||||||
10,313 | Briggs & Stratton Corp. | 217 | ||||||
7,198 | Chart Industries, Inc. (a) | 480 | ||||||
20,456 | CIRCOR International, Inc. | 810 | ||||||
41,857 | Harsco Corp. | 984 | ||||||
2,911 | Hyster-Yale Materials Handling, Inc. | 142 | ||||||
5,800 | IDEX Corp. | 270 | ||||||
12,666 | John Bean Technologies Corp. | 225 | ||||||
9,346 | Kennametal, Inc. | 374 |
Shares | Security Description | Value (000) | ||||||
Industrial Machinery (continued) | ||||||||
9,283 | Lincoln Electric Holdings, Inc. | $ | 452 | |||||
188,005 | Mueller Water Products, Inc., Class – A | 1,055 | ||||||
4,865 | Pall Corp. | 293 | ||||||
2,182 | Pentair Ltd. – Registered | 107 | ||||||
15,531 | Proto Labs, Inc. (a) | 612 | ||||||
3,880 | Tennant Co. | 171 | ||||||
2,112 | The Middleby Corp. (a) | 271 | ||||||
3,985 | Valmont Industries, Inc. | 544 | ||||||
8,394 | ||||||||
Industrial Real Estate Investment Trusts — 0.22% | ||||||||
4,956 | EastGroup Properties, Inc. | 267 | ||||||
14,159 | First Industrial Realty Trust, Inc. (a) | 199 | ||||||
466 | ||||||||
Integrated Oil & Gas — 0.20% | ||||||||
7,837 | Interoil Corp. (a) | 435 | ||||||
Internet Software & Services — 2.95% | ||||||||
4,400 | Akamai Technologies, Inc. (a) | 180 | ||||||
13,946 | Blucora, Inc. (a) | 219 | ||||||
41,234 | Cogent Communications Group, Inc. | 934 | ||||||
4,500 | comScore, Inc. (a) | 62 | ||||||
5,520 | Constant Contact, Inc. (a) | 78 | ||||||
18,803 | Demandware, Inc. (a) | 514 | ||||||
10,667 | Digital River, Inc. (a) | 153 | ||||||
23,413 | EarthLink, Inc. | 151 | ||||||
27,413 | Global Sources Ltd. (a) | 178 | ||||||
7,700 | Intralinks Holdings, Inc. (a) | 47 | ||||||
6,620 | j2 Global, Inc. | 202 | ||||||
11,782 | Keynote Systems, Inc. | 166 | ||||||
4,852 | LivePerson, Inc. (a) | 64 | ||||||
21,864 | Millennial Media, Inc. (a) | 274 | ||||||
122,020 | Monster Worldwide, Inc. (a) | 686 | ||||||
47,201 | QuinStreet, Inc. (a) | 317 | ||||||
7,833 | Rackspace Hosting, Inc. (a) | 582 | ||||||
20,300 | Responsys, Inc. (a) | 121 | ||||||
41,454 | United Online, Inc. | 232 | ||||||
12,088 | ValueClick, Inc. (a) | 235 | ||||||
3,800 | VeriSign, Inc. (a) | 147 | ||||||
7,030 | Web.com Group, Inc. (a) | 104 | ||||||
22,266 | Yelp, Inc. (a) | 420 | ||||||
69,583 | Zix Corp. (a) | 195 | ||||||
6,261 | ||||||||
Investment Banking & Brokerage — 0.90% | ||||||||
14,808 | FXCM, Inc., Class – A | 149 | ||||||
16,100 | Jefferies Group, Inc. | 299 | ||||||
32,283 | KKR Financial Holdings LLC | 341 | ||||||
4,400 | LPL Financial Holdings, Inc. | 124 | ||||||
11,158 | Oppenheimer Holdings, Inc., Class – A | 193 | ||||||
8,558 | Raymond James Financial, Inc. | 330 | ||||||
14,644 | Stifel Financial Corp. (a) | 468 | ||||||
1,904 |
See accompanying notes to financial statements.
56
HC CAPITAL TRUST
The Institutional Small Capitalization Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
IT Consulting & Other Services — 0.72% | ||||||||
12,212 | Acxiom Corp. (a) | $ | 213 | |||||
11,260 | Booz Allen Hamilton Holding Corp. | 157 | ||||||
3,116 | CACI International, Inc., Class – A (a) | 171 | ||||||
12,146 | Computer Task Group, Inc. (a) | 221 | ||||||
15,355 | InterXion Holding NV (a) | 365 | ||||||
7,623 | ManTech International Corp., Class – A | 198 | ||||||
3,064 | MAXIMUS, Inc. | 194 | ||||||
1,519 | ||||||||
Leisure Facilities — 0.13% | ||||||||
5,275 | Vail Resorts, Inc. | 285 | ||||||
Leisure Products — 0.78% | ||||||||
18,237 | Brunswick Corp. | 531 | ||||||
49,306 | JAKKS Pacific, Inc. | 617 | ||||||
8,991 | Johnson Outdoors, Inc., Class – A (a) | 179 | ||||||
39,148 | Leapfrog Enterprises, Inc. (a) | 338 | ||||||
1,665 | ||||||||
Life & Health Insurance — 1.51% | ||||||||
95,714 | American Equity Investment Life Holding Co. | 1,169 | ||||||
6,318 | FBL Financial Group, Inc., Class – A | 216 | ||||||
1,217 | National Western Life Insurance Co., Class – A | 192 | ||||||
27,875 | Primerica, Inc. | 836 | ||||||
21,426 | Protective Life Corp. | 612 | ||||||
13,684 | Symetra Financial Corp. | 178 | ||||||
3,203 | ||||||||
Life Sciences Tools & Services — 0.91% | ||||||||
35,913 | Affymetrix, Inc. (a) | 114 | ||||||
1,741 | Bio-Rad Laboratories, Inc., Class – A (a) | 183 | ||||||
5,304 | Charles River Laboratories International, Inc. (a) | 199 | ||||||
3,962 | Covance, Inc. (a) | 229 | ||||||
46,571 | Harvard Bioscience, Inc. (a) | 204 | ||||||
4,965 | ICON PLC – Sponsored ADR (a) | 138 | ||||||
5,152 | Illumina, Inc. (a) | 286 | ||||||
13,118 | Luminex Corp. (a) | 220 | ||||||
6,209 | PAREXEL International Corp. (a) | 183 | ||||||
9,253 | QIAGEN NV (a) | 168 | ||||||
1,924 | ||||||||
Managed Health Care — 0.24% | ||||||||
3,775 | Magellan Health Services, Inc. (a) | 185 | ||||||
9,482 | Triple-S Management Corp., Class – B (a) | 175 | ||||||
3,127 | WellCare Health Plans, Inc. (a) | 152 | ||||||
512 | ||||||||
Marine — 0.27% | ||||||||
9,414 | International Shipholding Corp. | 155 | ||||||
2,663 | Kirby Corp. (a) | 165 | ||||||
10,015 | Matson, Inc. | 248 | ||||||
568 |
Shares | Security Description | Value (000) | ||||||
Marine Ports & Services — 0.09% | ||||||||
9,027 | CAI International, Inc. (a) | $ | 198 | |||||
Metal & Glass Containers — 0.47% | ||||||||
7,486 | AptarGroup, Inc. | 357 | ||||||
17,581 | Crown Holdings, Inc. (a) | 647 | ||||||
1,004 | ||||||||
Mortgage Real Estate Investment Trusts — 0.65% | ||||||||
23,975 | Anworth Mortgage Asset Corp. | 139 | ||||||
12,254 | Capstead Mortgage Corp. | 140 | ||||||
16,294 | Dynex Capital, Inc. | 154 | ||||||
24,225 | New York Mortgage Trust, Inc. | 153 | ||||||
28,406 | Redwood Trust, Inc. | 480 | ||||||
7,466 | Walter Investment Management Corp. (a) | 321 | ||||||
1,387 | ||||||||
Movies & Entertainment — 0.35% | ||||||||
12,020 | Imax Corp. (a) | 270 | ||||||
29,010 | Lions Gate Entertainment Corp. (a) | 476 | ||||||
746 | ||||||||
Multi-line Insurance — 0.33% | ||||||||
12,573 | American Financial Group, Inc. | 497 | ||||||
5,700 | HCC Insurance Holdings, Inc. | 212 | ||||||
709 | ||||||||
Multi-Sector Holdings — 0.05% | ||||||||
4,967 | PICO Holdings, Inc. (a) | 101 | ||||||
Multi-Utilities — 0.39% | ||||||||
8,603 | Black Hills Corp. | 313 | ||||||
4,662 | NorthWestern Corp. | 162 | ||||||
8,783 | PNM Resources, Inc. | 180 | ||||||
5,588 | Vectren Corp. | 164 | ||||||
819 | ||||||||
Office Real Estate Investment Trusts — 0.75% | ||||||||
5,722 | Alexandria Real Estate Equities, Inc. | 397 | ||||||
14,207 | Brandywine Realty Trust | 173 | ||||||
9,033 | CommonWealth REIT | 143 | ||||||
17,501 | Corporate Office Properties Trust | 437 | ||||||
20,950 | Lexington Realty Trust | 219 | ||||||
15,340 | Parkway Properties, Inc. | 215 | ||||||
1,584 | ||||||||
Office Services & Supplies — 1.26% | ||||||||
102,106 | American Reprographics Co. (a) | 261 | ||||||
40,500 | Herman Miller, Inc. | 868 | ||||||
6,460 | Steelcase, Inc., Class – A | 82 | ||||||
11,068 | Sykes Enterprises, Inc. (a) | 168 | ||||||
41,975 | United Stationers, Inc. | 1,301 | ||||||
2,680 | ||||||||
Oil & Gas Drilling — 0.85% | ||||||||
17,052 | Atwood Oceanics, Inc. (a) | 781 | ||||||
12,196 | Patterson-UTI Energy, Inc. | 227 | ||||||
17,858 | Unit Corp. (a) | 805 | ||||||
1,813 |
See accompanying notes to financial statements.
57
HC CAPITAL TRUST
The Institutional Small Capitalization Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Oil & Gas Equipment & Services — 1.36% | ||||||||
9,171 | C&J Energy Services, Inc. (a) | $ | 196 | |||||
2,262 | Core Laboratories NV | 247 | ||||||
7,646 | Dawson Geophysical Co. (a) | 202 | ||||||
5,661 | Dril-Quip, Inc. (a) | 413 | ||||||
6,070 | Geospace Technologies Corp. (a) | 539 | ||||||
16,316 | Matrix Service Co. (a) | 188 | ||||||
12,221 | Natural Gas Services Group, Inc. (a) | 201 | ||||||
28,496 | Newpark Resources, Inc. (a) | 224 | ||||||
14,882 | RPC, Inc. | 182 | ||||||
23,589 | Superior Energy Services, Inc. (a) | 489 | ||||||
2,881 | ||||||||
Oil & Gas Exploration & Production — 1.43% | ||||||||
29,600 | Abraxas Petroleum Corp. (a) | 65 | ||||||
7,125 | Berry Petroleum Co., Class – A | 239 | ||||||
10,619 | Bill Barrett Corp. (a) | 189 | ||||||
7,446 | Cabot Oil & Gas Corp. | 370 | ||||||
17,950 | Carrizo Oil & Gas, Inc. (a) | 375 | ||||||
2,962 | Contango Oil & Gas Co. | 125 | ||||||
4,814 | Continental Resources, Inc. (a) | 354 | ||||||
10,587 | EPL Oil & Gas, Inc. (a) | 239 | ||||||
6,845 | Gulfport Energy Corp. (a) | 262 | ||||||
14,000 | Kodiak Oil & Gas Corp. (a) | 124 | ||||||
57,100 | Magnum Hunter Resources Corp. (a) | 228 | ||||||
27,083 | Renewable Energy Group, Inc. (a) | 159 | ||||||
19,485 | Swift Energy Co. (a) | 300 | ||||||
3,029 | ||||||||
Oil & Gas Refining & Marketing — 0.87% | ||||||||
6,536 | CVR Energy, Inc. (a) | 319 | ||||||
9,839 | Delek US Holdings, Inc. | 249 | ||||||
27,117 | Green Plains Renewable Energy, Inc. (a) | 215 | ||||||
17,749 | Rex Energy Corp. (a) | 231 | ||||||
20,460 | World Fuel Services Corp. | 842 | ||||||
1,856 | ||||||||
Oil & Gas Storage & Transportation — 0.14% | ||||||||
21,155 | Knightsbridge Tankers Ltd. | 111 | ||||||
11,251 | Ship Finance International Ltd. | 187 | ||||||
298 | ||||||||
Packaged Foods & Meats — 1.00% | ||||||||
3,319 | Annie's, Inc. (a) | 111 | ||||||
4,499 | Cal-Maine Foods, Inc. | 181 | ||||||
34,676 | Chiquita Brands International, Inc. (a) | 286 | ||||||
20,132 | Dole Food Co., Inc. (a) | 231 | ||||||
9,010 | Ingredion, Inc. | 580 | ||||||
23,879 | Omega Protein Corp. (a) | 146 | ||||||
45,005 | Smart Balance, Inc. (a) | 581 | ||||||
2,116 | ||||||||
Paper Packaging — 0.23% | ||||||||
26,321 | Boise, Inc. | 209 | ||||||
7,157 | Packaging Corp. of America | 276 | ||||||
485 |
Shares | Security Description | Value (000) | ||||||
Paper Products — 0.29% | ||||||||
11,313 | KapStone Paper & Packaging Corp. | $ | 251 | |||||
6,625 | Neenah Paper, Inc. | 189 | ||||||
10,608 | P.H. Glatfelter Co. | 185 | ||||||
625 | ||||||||
Personal Products — 0.15% | ||||||||
11,029 | Nutraceutical International Corp. | 183 | ||||||
4,173 | USANA Health Sciences, Inc. (a) | 137 | ||||||
320 | ||||||||
Pharmaceuticals — 0.79% | ||||||||
5,296 | Hi-Tech Pharmacal Co., Inc. | 185 | ||||||
8,003 | Impax Laboratories, Inc. (a) | 164 | ||||||
17,572 | Nektar Therapeutics (a) | 130 | ||||||
12,042 | Obagi Medical Products, Inc. (a) | 164 | ||||||
25,420 | Pernix Therapeutics Holdings, Inc. (a) | 197 | ||||||
2,441 | Perrigo Co. | 254 | ||||||
7,566 | The Medicines Co. (a) | 182 | ||||||
7,203 | ViroPharma, Inc. (a) | 164 | ||||||
2,770 | Watson Pharmaceuticals, Inc. (a) | 238 | ||||||
1,678 | ||||||||
Property & Casualty Insurance — 2.33% | ||||||||
2,329 | Alleghany Corp. (a) | 781 | ||||||
9,265 | American Safety Insurance Holdings Ltd. (a) | 175 | ||||||
37,235 | Argo Group International Holdings Ltd. | 1,251 | ||||||
38,722 | Aspen Insurance Holdings Ltd. | 1,242 | ||||||
10,980 | Fidelity National Financial, Inc., Class – A | 259 | ||||||
8,417 | First American Financial Corp. | 203 | ||||||
13,983 | Stewart Information Services Corp. | 363 | ||||||
50,501 | Universal Insurance Holdings, Inc. | 221 | ||||||
12,131 | W.R. Berkley Corp. | 458 | ||||||
4,953 | ||||||||
Publishing — 1.02% | ||||||||
6,027 | Scholastic Corp. | 178 | ||||||
76,990 | Valassis Communications, Inc. | 1,985 | ||||||
2,163 | ||||||||
Railroads — 0.15% | ||||||||
3,688 | Kansas City Southern | 308 | ||||||
Regional Banks — 5.35% | ||||||||
5,129 | Alliance Financial Corp. | 223 | ||||||
12,066 | BancorpSouth, Inc. | 175 | ||||||
89,677 | BBCN Bancorp, Inc. | 1,038 | ||||||
4,806 | Camden National Corp. | 163 | ||||||
81,664 | CapitalSource, Inc. | 619 | ||||||
6,134 | Century Bancorp, Inc., Class – A | 202 | ||||||
24,088 | Columbia Banking System, Inc. | 432 | ||||||
11,646 | Cullen/Frost Bankers, Inc. | 632 | ||||||
9,931 | First Bancorp, Inc. Maine | 164 | ||||||
1,035 | First Citizens BancShares, Inc., Class – A | 169 | ||||||
12,171 | First Community Bancshares, Inc. | 194 | ||||||
12,171 | First Interstate BancSystem, Inc. | 188 | ||||||
6,297 | Great Southern Bancorp, Inc. | 160 | ||||||
7,461 | Heartland Financial USA, Inc. | 195 |
See accompanying notes to financial statements.
58
HC CAPITAL TRUST
The Institutional Small Capitalization Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Regional Banks (continued) | ||||||||
8,887 | IBERIABANK Corp. | $ | 437 | |||||
9,001 | International Bancshares Corp. | 162 | ||||||
14,920 | MainSource Financial Group, Inc. | 189 | ||||||
151,304 | National Penn Bancshares, Inc. | 1,410 | ||||||
8,089 | Peoples Bancorp, Inc. | 165 | ||||||
13,372 | Popular, Inc. (a) | 278 | ||||||
13,016 | PrivateBancorp, Inc. | 199 | ||||||
8,140 | Republic Bancorp, Inc., Class – A | 172 | ||||||
14,246 | Suffolk Bancorp (a) | 187 | ||||||
179,525 | Synovus Financial Corp. | 440 | ||||||
127,605 | TCF Financial Corp. | 1,550 | ||||||
4,750 | Texas Capital Bancshares, Inc. (a) | 213 | ||||||
12,034 | Union First Market Bankshares Corp. | 190 | ||||||
20,433 | Virginia Commerce Bancorp, Inc. (a) | 183 | ||||||
41,147 | Webster Financial Corp. | 846 | ||||||
8,214 | WesBanco, Inc. | 183 | ||||||
11,358 | ||||||||
Reinsurance — 0.16% | ||||||||
3,084 | Everest Re Group Ltd. | 339 | ||||||
Research and Consulting Services — 0.38% | ||||||||
28,922 | CBIZ, Inc. (a) | 171 | ||||||
7,737 | ICF International, Inc. (a) | 181 | ||||||
31,710 | RPX Corp. (a) | 287 | ||||||
7,170 | VSE Corp. | 176 | ||||||
815 | ||||||||
Residential Real Estate Investment Trusts — 0.46% | ||||||||
11,573 | Associated Estates Realty Corp. | 186 | ||||||
12,320 | Mid-America Apartment Communities, Inc. | 798 | ||||||
984 | ||||||||
Restaurants — 1.01% | ||||||||
302 | Biglari Holdings, Inc. (a) | 118 | ||||||
4,372 | Bob Evans Farms, Inc. | 176 | ||||||
6,025 | Buffalo Wild Wings, Inc. (a) | 439 | ||||||
30,921 | Carrols Restaurant Group, Inc. (a) | 185 | ||||||
4,788 | CEC Entertainment, Inc. | 159 | ||||||
6,463 | Chuy's Holdings, Inc. (a) | 144 | ||||||
2,748 | Cracker Barrel Old Country Store, Inc. | 177 | ||||||
12,028 | Del Frisco's Restaurant Group, Inc. (a) | 187 | ||||||
39,909 | Denny's Corp. (a) | 195 | ||||||
3,041 | Papa John's International, Inc. (a) | 167 | ||||||
25,586 | Ruby Tuesday, Inc. (a) | 201 | ||||||
2,148 | ||||||||
Retail Real Estate Investment Trusts — 0.38% | ||||||||
7,576 | Acadia Realty Trust | 190 | ||||||
12,090 | Pennsylvania Real Estate Investment Trust | 214 | ||||||
13,914 | Ramco-Gershenson Properties Trust | 185 | ||||||
17,810 | Retail Properties of America, Inc., Class – A | 213 | ||||||
802 |
Shares | Security Description | Value (000) | ||||||
Security & Alarm Services — 0.10% | ||||||||
7,595 | The Brink's Co. | $ | 217 | |||||
Semiconductor Equipment — 1.70% | ||||||||
12,750 | Advanced Energy Industries, Inc. (a) | 176 | ||||||
35,039 | Amkor Technology, Inc. (a) | 149 | ||||||
3,733 | Cabot Microelectronics Corp. | 133 | ||||||
4,336 | Cymer, Inc. (a) | 392 | ||||||
20,648 | Entegris, Inc. (a) | 190 | ||||||
12,136 | FEI Co. | 673 | ||||||
21,260 | MEMC Electronic Materials, Inc. (a) | 68 | ||||||
6,098 | MKS Instruments, Inc. | 157 | ||||||
3,955 | Rudolph Technologies, Inc. (a) | 53 | ||||||
12,557 | Teradyne, Inc. (a) | 212 | ||||||
5,300 | Tessera Technologies, Inc. | 87 | ||||||
26,651 | Ultratech, Inc. (a) | 994 | ||||||
10,929 | Veeco Instruments, Inc. (a) | 323 | ||||||
3,607 | ||||||||
Semiconductors — 3.25% | ||||||||
18,654 | Alpha & Omega Semiconductor Ltd. (a) | 157 | ||||||
8,044 | Altera Corp. | 277 | ||||||
10,945 | Applied Micro Circuits Corp. (a) | 92 | ||||||
8,736 | Cavium, Inc. (a) | 273 | ||||||
64,851 | Cypress Semiconductor Corp. | 703 | ||||||
61,554 | Diodes, Inc. (a) | 1,068 | ||||||
37,878 | Fairchild Semiconductor International, Inc. (a) | 545 | ||||||
37,052 | GSI Technology, Inc. (a) | 232 | ||||||
17,105 | Integrated Silicon Solution, Inc. (a) | 154 | ||||||
23,152 | International Rectifier Corp. (a) | 411 | ||||||
16,640 | IXYS Corp. | 152 | ||||||
12,962 | Maxim Integrated Products, Inc. | 381 | ||||||
3,153 | Mellanox Technologies Ltd. (a) | 187 | ||||||
10,786 | Microsemi Corp. (a) | 227 | ||||||
21,550 | Monolithic Power Systems, Inc. | 480 | ||||||
23,100 | ON Semiconductor Corp. (a) | 163 | ||||||
11,609 | Semtech Corp. (a) | 336 | ||||||
3,713 | Silicon Laboratories, Inc. (a) | 155 | ||||||
27,712 | Skyworks Solutions, Inc. (a) | 563 | ||||||
16,486 | Spansion, Inc., Class – A (a) | 229 | ||||||
21,610 | TriQuint Semiconductor, Inc. (a) | 105 | ||||||
6,890 | ||||||||
Soft Drinks — 0.08% | ||||||||
2,692 | Coca-Cola Bottling Co. Consolidated | 179 | ||||||
Specialized Consumer Services — 0.71% | ||||||||
7,639 | Coinstar, Inc. (a) | 398 | ||||||
9,432 | Hillenbrand, Inc. | 213 | ||||||
20,310 | Matthews International Corp., Class – A | 652 | ||||||
9,817 | Regis Corp. | 166 | ||||||
2,321 | Sotheby's | 78 | ||||||
1,507 |
See accompanying notes to financial statements.
59
HC CAPITAL TRUST
The Institutional Small Capitalization Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Specialized Finance — 0.92% | ||||||||
5,957 | Encore Capital Group, Inc. (a) | $ | 182 | |||||
35,560 | Gain Capital Holdings, Inc. | 145 | ||||||
11,600 | Interactive Brokers Group, Inc., Class – A | 159 | ||||||
3,710 | Moody's Corp. | 187 | ||||||
47,247 | PHH Corp. (a) | 1,075 | ||||||
7,874 | The NASDAQ OMX Group, Inc. | 197 | ||||||
1,945 | ||||||||
Specialized Real Estate Investment Trusts — 0.90% | ||||||||
15,374 | CubeSmart | 224 | ||||||
98,488 | DiamondRock Hospitality Co. | 886 | ||||||
6,110 | LaSalle Hotel Properties | 155 | ||||||
7,376 | Potlatch Corp. | 289 | ||||||
27,468 | Strategic Hotels & Resorts, Inc. (a) | 176 | ||||||
15,972 | Sunstone Hotel Investors, Inc. (a) | 171 | ||||||
1,901 | ||||||||
Specialty Chemicals — 1.15% | ||||||||
8,981 | A. Schulman, Inc. | 260 | ||||||
5,952 | Albemarle Corp. | 370 | ||||||
2,600 | Celanese Corp., Series A | 116 | ||||||
21,555 | Flotek Industries, Inc. (a) | 263 | ||||||
3,098 | Innophos Holdings, Inc. | 144 | ||||||
5,724 | Minerals Technologies, Inc. | 228 | ||||||
1,648 | NewMarket Corp. | 432 | ||||||
9,452 | OM Group, Inc. (a) | 210 | ||||||
3,858 | Quaker Chemical Corp. | 208 | ||||||
3,790 | Stepan Co. | 210 | ||||||
2,441 | ||||||||
Specialty Stores — 0.66% | ||||||||
9,144 | Cabela's, Inc. (a) | 382 | ||||||
6,635 | Five Below, Inc. (a) | 212 | ||||||
25,060 | OfficeMax, Inc. | 245 | ||||||
4,599 | Tractor Supply Co. | 406 | ||||||
15,271 | West Marine, Inc. (a) | 164 | ||||||
1,409 | ||||||||
Steel — 0.65% | ||||||||
11,420 | Allegheny Technologies, Inc. | 347 | ||||||
7,806 | Carpenter Technology Corp. | 403 | ||||||
10,894 | Olympic Steel, Inc. | 241 | ||||||
6,408 | Schnitzer Steel Industries, Inc., Class – A | 194 | ||||||
14,857 | Steel Dynamics, Inc. | 204 | ||||||
1,389 | ||||||||
Systems Software — 1.18% | ||||||||
13,526 | AVG Technologies NV (a) | 214 | ||||||
4,931 | CommVault Systems, Inc. (a) | 344 | ||||||
9,540 | Infoblox, Inc. (a) | 171 | ||||||
16,665 | NetSuite, Inc. (a) | 1,122 | ||||||
8,694 | Progress Software Corp. (a) | 182 | ||||||
30,899 | Rovi Corp. (a) | 477 | ||||||
2,510 |
Shares | Security Description | Value (000) | ||||||
Technology Distributors — 1.79% | ||||||||
84,487 | Ingram Micro, Inc., Class – A (a) | $ | 1,430 | |||||
72,461 | Insight Enterprises, Inc. (a) | 1,259 | ||||||
16,898 | PC Connection, Inc. | 194 | ||||||
6,142 | ScanSource, Inc. (a) | 195 | ||||||
16,272 | SYNNEX Corp. (a) | 559 | ||||||
3,631 | Tech Data Corp. (a) | 165 | ||||||
3,802 | ||||||||
Thrifts & Mortgage Finance — 1.25% | ||||||||
17,449 | Astoria Financial Corp. | 163 | ||||||
8,824 | Bofl Holding, Inc. (a) | 246 | ||||||
12,676 | Dime Community Bancshares | 176 | ||||||
9,725 | EverBank Financial Corp. | 145 | ||||||
9,877 | First Defiance Financial Corp. | 190 | ||||||
21,847 | First Niagara Financial Group, Inc. | 173 | ||||||
12,797 | Flushing Financial Corp. | 196 | ||||||
11,921 | OceanFirst Financial Corp. | 164 | ||||||
26,135 | Provident Financial Services, Inc. | 390 | ||||||
13,651 | Walker & Dunlop, Inc. (a) | 227 | ||||||
13,645 | WSFS Financial Corp. | 577 | ||||||
2,647 | ||||||||
Tires & Rubber — 0.12% | ||||||||
9,810 | Cooper Tire & Rubber Co. | 249 | ||||||
Tobacco — 0.09% | ||||||||
3,718 | Universal Corp. | 186 | ||||||
Trading Companies & Distributors — 1.14% | ||||||||
14,250 | Aircastle Ltd. | 179 | ||||||
10,950 | Applied Industrial Technologies, Inc. | 460 | ||||||
5,442 | GATX Corp. | 235 | ||||||
14,640 | MRC Global, Inc. (a) | 407 | ||||||
10,233 | SeaCube Container Leasing Ltd. | 193 | ||||||
11,825 | United Rentals, Inc. (a) | 538 | ||||||
5,312 | Watsco, Inc. | 398 | ||||||
2,410 | ||||||||
Trucking — 1.03% | ||||||||
1,953 | AMERCO, Inc. | 248 | ||||||
43,257 | Con-way, Inc. | 1,203 | ||||||
3,897 | Landstar System, Inc. | 205 | ||||||
4,871 | Ryder System, Inc. | 243 | ||||||
5,720 | Swift Transportation Co. (a) | 52 | ||||||
12,548 | Universal Truckload Services, Inc. | 229 | ||||||
2,180 | ||||||||
Wireless Telecommunication Services — 0.69% | ||||||||
13,896 | MetroPCS Communications, Inc. (a) | 138 | ||||||
72,393 | NII Holdings, Inc. (a) | 516 | ||||||
6,660 | SBA Communications Corp., Class – A (a) | 473 | ||||||
8,212 | Telephone & Data Systems, Inc. | 182 | ||||||
13,461 | USA Mobility, Inc. | 157 | ||||||
1,466 | ||||||||
Total Common Stocks | 210,458 |
See accompanying notes to financial statements.
60
HC CAPITAL TRUST
The Institutional Small Capitalization Equity Portfolio
Portfolio of Investments (concluded) — December 31, 2012 (Unaudited)
Shares or Principal Amount (000) | Security Description | Value (000) | ||||||
Contingent Right — 0.00% | ||||||||
Oil & Gas Refining & Marketing — 0.00% | ||||||||
6,600 | CVR Energy, Inc. (a)* | $ | — | |||||
Total Contingent Right | — | |||||||
Time Deposit — 1.64% | ||||||||
$ 3,469 | State Street Liquidity Management Control System Time Deposit, 0.01%, 1/2/13 | 3,469 | ||||||
Total Time Deposit | 3,469 | |||||||
Mutual Funds — 0.33% | ||||||||
521,815 | Alliance Money Market Fund Prime Portfolio, 0.11% (b) | 522 | ||||||
179,747 | SSgA Prime Money Market Fund, 0.08% (b) | 180 | ||||||
Total Mutual Funds | 702 |
Value (000) | ||||||||
Total Investments (cost $180,719) — 101.16% | $ | 214,629 | ||||||
Liabilities in excess of other assets — (1.16)% | (2,460) | |||||||
Net Assets — 100.00% | $ | 212,169 |
Amounts designated as “—” are $0 or have been rounded to $0.
* | Security was fair valued on December 31, 2012 and represents a Level 2 security. Refer to Note 2 in the Notes to Financial Statements. |
(a) | Represents non-income producing security. |
(b) | The rate disclosed is the rate in effect on December 31, 2012. |
ADR — American Depositary Receipt
NYS — New York Registered Shares
REIT — Real Estate Investment Trust
The following table reflects the percentage of the total net assets of the Portfolio attributable to each Specialist Manager; see Note 3 in the Notes to Financial Statements.
The Institutional Small Capitalization Equity Portfolio | Cupps Capital Management, LLC | Frontier Capital Management Company, LLC | IronBridge Capital Management LP | Pzena Investment Management, LLC | SSgA Funds Management, Inc. | Total | ||||||||||||||||||
Common Stocks | 12.87 | % | 18.84 | % | 18.24 | % | 19.29 | % | 29.95 | % | 99.19 | % | ||||||||||||
Contigent Rights | — | — | — | — | 0.00 | % | 0.00 | % | ||||||||||||||||
Time Deposit | — | 0.79 | % | 0.51 | % | 0.34 | % | — | 1.64 | % | ||||||||||||||
Mutual Funds | 0.08 | % | — | — | — | 0.25 | % | 0.33 | % | |||||||||||||||
Other Assets (Liabilities) | 0.04 | % | -0.29 | % | -0.48 | % | -0.24 | % | -0.19 | % | -1.16 | % | ||||||||||||
Total Net Assets | 12.99 | % | 19.34 | % | 18.27 | % | 19.39 | % | 30.01 | % | 100.00 | % |
See accompanying notes to financial statements.
61
HC CAPITAL TRUST
The Real Estate Securities Portfolio
Portfolio of Investments — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks — 99.93% | ||||||||
Diversified Real Estate Activities — 1.56% | ||||||||
41,370 | Coresite Realty Corp. | $ | 1,144 | |||||
Diversified Real Estate Investment Trusts — 4.87% | ||||||||
52,300 | American Assets Trust, Inc. | 1,461 | ||||||
71,570 | Excel Trust, Inc. | 907 | ||||||
18,440 | PS Business Parks, Inc. | 1,198 | ||||||
3,566 | ||||||||
Hotels, Resorts & Cruise Lines — 5.65% | ||||||||
24,670 | Marriott International, Inc., Class – A | 919 | ||||||
27,860 | Starwood Hotels & Resorts Worldwide, Inc. | 1,598 | ||||||
30,425 | Wyndham Worldwide Corp. | 1,619 | ||||||
4,136 | ||||||||
Industrial Real Estate Investment Trusts — 3.31% | ||||||||
21,150 | EastGroup Properties, Inc. | 1,138 | ||||||
21,630 | First Industrial Realty Trust, Inc. (a) | 305 | ||||||
54,510 | STAG Industrial, Inc. | 979 | ||||||
2,422 | ||||||||
Office Real Estate Investment Trusts — 9.94% | ||||||||
33,455 | Boston Properties, Inc. | 3,540 | ||||||
75,710 | Douglas Emmett, Inc. | 1,764 | ||||||
34,000 | Kilroy Realty Corp. | 1,611 | ||||||
4,820 | SL Green Realty Corp. | 369 | ||||||
7,284 | ||||||||
Real Estate Operating Companies — 3.75% | ||||||||
170,190 | Forest City Enterprises, Inc., Class – A (a) | 2,749 | ||||||
Residential Real Estate Investment Trusts — 19.73% | ||||||||
43,090 | American Campus Communities, Inc. | 1,988 | ||||||
24,540 | AvalonBay Communities, Inc. | 3,327 | ||||||
37,120 | Camden Property Trust | 2,532 | ||||||
64,600 | Education Realty Trust, Inc. | 687 | ||||||
27,420 | Equity Lifestyle Properties, Inc. | 1,845 | ||||||
18,020 | Essex Property Trust, Inc. | 2,643 | ||||||
28,570 | Post Properties, Inc. | 1,427 | ||||||
14,449 | ||||||||
Retail Real Estate Investment Trusts — 23.27% | ||||||||
41,650 | Acadia Realty Trust | 1,045 | ||||||
88,500 | DDR Corp. | 1,386 | ||||||
100,570 | Glimcher Realty Trust | 1,115 | ||||||
56,959 | Simon Property Group, Inc. | 9,005 | ||||||
46,110 | Taubman Centers, Inc. | 3,630 | ||||||
77,829 | Westfield Group* | 859 | ||||||
17,040 | ||||||||
Specialized Real Estate Investment Trusts — 27.85% | ||||||||
50,680 | American Tower Corp. | 3,916 | ||||||
21,940 | Extra Space Storage, Inc. | 798 | ||||||
79 | GLP J-REIT (a)* | 60 | ||||||
51,870 | HCP, Inc. | 2,344 | ||||||
76,600 | Health Care REIT, Inc. | 4,695 | ||||||
31,630 | Public Storage | 4,585 | ||||||
56,095 | Rayonier, Inc. | 2,908 | ||||||
102,090 | Sunstone Hotel Investors, Inc. (a) | 1,093 | ||||||
20,399 | ||||||||
Total Common Stocks | 73,189 |
Principal Amount (000) | Security Description | Value (000) | ||||||
Time Deposit — 1.28% | ||||||||
$ 938 | State Street Liquidity Management Control System Time Deposit, 0.01%, 1/2/13 | $ | 938 | |||||
Total Time Deposit | 938 | |||||||
Total Investments (cost $51,418) — 101.21% | 74,127 | |||||||
Liabilities in excess of other assets — (1.21)% | (887) | |||||||
Net Assets — 100.00% | $ | 73,240 |
* | Security was fair valued on December 31, 2012 and represents a level 2 security. Refer to Note 2 in the Notes to Financial Statements. |
(a) | Represents non-income producing security. |
REIT — Real Estate Investment Trust |
See accompanying notes to financial statements.
62
HC CAPITAL TRUST
The Commodity Returns Strategy Portfolio
Portfolio of Investments — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks — 71.59% | ||||||||
Australia — 2.87% | ||||||||
4,080,451 | Alumina Ltd. (Aluminum) | $ | 3,915 | |||||
65,565 | Amcor Ltd. (Paper Packaging) | 554 | ||||||
143,456 | BHP Billiton Ltd. (Diversified Metals & Mining) | 5,599 | ||||||
43,002 | Boral Ltd. (Construction Materials) | 197 | ||||||
7,841 | Caltex Australia Ltd. (Oil & Gas Refining & Marketing) | 158 | ||||||
947,842 | Fortescue Metals Group Ltd. (Steel) | 4,722 | ||||||
23,479 | Iluka Resources Ltd. (Diversified Metals & Mining) | 227 | ||||||
91,331 | Incitec Pivot Ltd. (Fertilizers & Agricultural Chemicals) | 311 | ||||||
40,987 | Newcrest Mining Ltd. (Gold) | 959 | ||||||
21,040 | Orica Ltd. (Commodity Chemicals) | 553 | ||||||
58,473 | Origin Energy Ltd. (Integrated Oil & Gas) | 719 | ||||||
18,044 | OZ Minerals Ltd. (Diversified Metals & Mining) | 128 | ||||||
23,533 | Rio Tinto Ltd. (Diversified Metals & Mining) | 1,654 | ||||||
53,343 | Santos Ltd. (Oil & Gas Exploration & Production) | 625 | ||||||
9,295 | Sims Metal Management Ltd. (Steel) | 92 | ||||||
25,863 | Whitehaven Coal Ltd. (Coal & Consumable Fuels) | 97 | ||||||
36,056 | Woodside Petroleum Ltd. (Oil & Gas Exploration & Production) | 1,285 | ||||||
10,894 | WorleyParsons Ltd. (Oil & Gas Equipment & Services) | 268 | ||||||
22,063 | ||||||||
Austria — 0.07% | ||||||||
8,000 | OMV AG (Integrated Oil & Gas) | 290 | ||||||
6,257 | Voestalpine AG (Steel) | 230 | ||||||
520 | ||||||||
Belgium — 0.11% | ||||||||
3,338 | Solvay SA (Diversified Chemicals) | 486 | ||||||
6,430 | Umicore SA (Specialty Chemicals) | 356 | ||||||
842 | ||||||||
Bermuda — 0.19% | ||||||||
117,000 | Huabao International Holdings Ltd. (Specialty Chemicals) | 58 | ||||||
174,000 | Kunlun Energy Co. Ltd. (Oil & Gas Exploration & Production) | 368 | ||||||
16,100 | Nabors Industries Ltd. (Oil & Gas Drilling) (a) | 233 | ||||||
98,000 | Nine Dragons Paper Holdings Ltd. (Paper Products) | 91 | ||||||
19,543 | Seadrill Ltd. (Oil & Gas Drilling) | 720 | ||||||
1,470 | ||||||||
Brazil — 1.14% | ||||||||
40,900 | Companhia Siderurgica Nacional SA (CSN) (Steel)* | 237 | ||||||
6,513 | Cosan SA Industria e Comercio (Oil & Gas Refining & Marketing) (a)* | 133 | ||||||
14,700 | Duratex SA (Forest Products)* | 106 | ||||||
14,000 | Fibria Celulose SA (Paper Products) (a)* | 154 |
Shares | Security Description | Value (000) | ||||||
Brazil (continued) | ||||||||
72,844 | OGX Petroleo e Gas Participacoes SA (Oil & Gas Exploration & Production) (a)* | $ | 156 | |||||
169,812 | Petroleo Brasileiro SA (Integrated Oil & Gas)* | 1,622 | ||||||
228,700 | Petroleo Brasileiro SA – Sponsored ADR (Integrated Oil & Gas)* | 4,453 | ||||||
18,403 | Ultrapar Participacoes SA (Oil & Gas Storage & Transportation)* | 416 | ||||||
72,910 | Vale SA (Steel)* | 1,506 | ||||||
8,783 | ||||||||
Canada — 9.11% | ||||||||
9,600 | Agnico-Eagle Mines Ltd. (Gold)* | 503 | ||||||
8,187 | Agrium, Inc. (Fertilizers & Agricultural Chemicals)* | 816 | ||||||
16,200 | ARC Resources Ltd. (Oil & Gas Exploration & Production)* | 398 | ||||||
17,028 | Athabasca Oil Corp. (Integrated Oil & Gas) (a)* | 179 | ||||||
123,329 | Barrick Gold Corp. (Gold)* | 4,319 | ||||||
6,600 | Baytex Energy Corp. (Oil & Gas Exploration & Production)* | 285 | ||||||
9,200 | Bonavista Energy Corp. (Oil & Gas Exploration & Production)* | 137 | ||||||
22,200 | Cameco Corp. (Coal & Consumable Fuels)* | 437 | ||||||
201,369 | Canadian Natural Resources Ltd. (Oil & Gas Exploration & Production)* | 5,800 | ||||||
27,000 | Canadian Oil Sands Ltd. (Oil & Gas Exploration & Production)* | 548 | ||||||
42,814 | Cenovus Energy, Inc. (Integrated Oil & Gas)* | 1,433 | ||||||
9,600 | Centerra Gold, Inc. (Gold)* | 90 | ||||||
18,877 | Crescent Point Energy Corp. (Oil & Gas Exploration & Production)* | 714 | ||||||
37,604 | Eldorado Gold Corp. (Gold)* | 484 | ||||||
41,411 | Enbridge, Inc. (Oil & Gas Storage & Transportation)* | 1,792 | ||||||
163,667 | EnCana Corp. (Oil & Gas Exploration & Production)* | 3,236 | ||||||
11,100 | Enerplus Corp. (Oil & Gas Exploration & Production)* | 144 | ||||||
273,000 | First Quantum Minerals Ltd. (Diversified Metals & Mining)* | 6,015 | ||||||
8,040 | Franco-Nevada Corp. (Gold)* | 459 | ||||||
113,453 | Goldcorp, Inc. (Gold)* | 4,172 | ||||||
18,815 | Husky Energy, Inc. (Integrated Oil & Gas)* | 556 | ||||||
21,200 | IAMGOLD Corp. (Gold)* | 243 | ||||||
216,800 | Imperial Oil Ltd. (Integrated Oil & Gas)* | 9,322 | ||||||
16,560 | Imperial Oil Ltd. (Integrated Oil & Gas)* | 712 | ||||||
3,000 | Inmet Mining Corp. (Diversified Metals & Mining)* | 223 | ||||||
63,421 | Kinross Gold Corp. (Gold)* | 616 | ||||||
7,100 | Meg Energy Corp. (Oil & Gas Exploration & Production) (a)* | 217 | ||||||
25,750 | New Gold, Inc. (Gold) (a)* | 285 | ||||||
30,092 | Nexen, Inc. (Oil & Gas Exploration & Production)* | 804 | ||||||
21,807 | Osisko Mining Corp. (Gold) (a)* | 176 |
See accompanying notes to financial statements.
63
HC CAPITAL TRUST
The Commodity Returns Strategy Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Canada (continued) | ||||||||
16,198 | Pacific Rubiales Energy Corp. (Oil & Gas Exploration & Production)* | $ | 377 | |||||
8,794 | Pan American Silver Corp. (Precious Metals & Minerals)* | 165 | ||||||
15,969 | Pembina Pipelines Corp. (Oil & Gas Storage & Transportation)* | 457 | ||||||
27,958 | Pengrowth Energy Corp. (Oil & Gas Exploration & Production)* | 139 | ||||||
26,500 | Penn West Petroleum Ltd. (Oil & Gas Exploration & Production)* | 288 | ||||||
48,046 | Potash Corp. of Saskatchewan, Inc. (Fertilizers & Agricultural Chemicals)* | 1,956 | ||||||
19,751 | Silver Wheaton Corp. (Precious Metals & Minerals)* | 712 | ||||||
368,400 | Sino-Forest Corp. (Forest Products) (a)* | — | ||||||
280,198 | Suncor Energy, Inc. (Integrated Oil & Gas)* | 9,217 | ||||||
57,486 | Talisman Energy, Inc. (Oil & Gas Exploration & Production)* | 650 | ||||||
32,597 | Teck Cominco Ltd., Class – B (Diversified Metals & Mining)* | 1,185 | ||||||
151,876 | Teck Resources Ltd., Class – B (Diversified Metals & Mining)* | 5,521 | ||||||
7,145 | Tourmaline Oil Corp. (Oil & Gas Exploration & Production) (a)* | 224 | ||||||
39,400 | TransCanada Corp. (Multi-Utilities)* | 1,863 | ||||||
22,680 | Turquoise Hill Resources Ltd. (Diversified Metals & Mining) (a)* | 173 | ||||||
170,600 | Uranium Participation Corp. (Asset Management & Custody Banks) (a)* | 927 | ||||||
5,000 | Vermilion Energy, Inc. (Oil & Gas Exploration & Production)* | 261 | ||||||
41,800 | Yamana Gold, Inc. (Gold)* | 719 | ||||||
69,949 | ||||||||
Cayman Islands — 0.03% | ||||||||
108,000 | China Resources Cement Holdings Ltd. (Construction Materials) | 73 | ||||||
94,000 | China Shanshui Cement Group Ltd. (Construction Materials) | 70 | ||||||
103,000 | Lee & Man Paper Manufacturing Ltd. (Paper Products) | 66 | ||||||
209 | ||||||||
Chile — 0.10% | ||||||||
4,267 | Cap SA (Steel)* | 143 | ||||||
62,433 | Empresas CMPC SA (Paper Products)* | 231 | ||||||
25,363 | Empresas Copec SA (Oil & Gas Exploration & Production) | 360 | ||||||
734 | ||||||||
China — 0.74% | ||||||||
222,000 | Aluminum Corp. of China Ltd., H Shares (Aluminum) (a) | 104 | ||||||
60,000 | Angang Steel Co. Ltd., H Shares (Steel) (a) | 45 | ||||||
69,000 | Anhui Conch Cement Co. Ltd., H Shares (Construction Materials) | 258 | ||||||
67,500 | BBMG Corp., H Shares (Construction Materials) | 63 |
Shares | Security Description | Value (000) | ||||||
China — (continued) | ||||||||
98,000 | China BlueChemical Ltd., H Shares (Fertilizers & Agricultural Chemicals) | $ | 67 | |||||
230,000 | China Coal Energy Co. Ltd., H Shares (Coal & Consumable Fuels) | 256 | ||||||
158,000 | China National Building Material Co. Ltd., H Shares (Construction Materials) | 237 | ||||||
88,000 | China Oilfield Services Ltd., H Shares (Oil & Gas Drilling) | 184 | ||||||
940,515 | China Petroleum & Chemical Corp., H Shares (Integrated Oil & Gas) | 1,083 | ||||||
190,500 | China Shenhua Energy Co. Ltd., H Shares (Coal & Consumable Fuels) | 853 | ||||||
33,900 | Inner Mongolia Yitai Coal Co. Ltd., Class – B (Coal & Consumable Fuels) | 194 | ||||||
79,000 | Jiangxi Copper Co. Ltd., H Shares (Diversified Metals & Mining) | 213 | ||||||
1,152,729 | PetroChina Co. Ltd., H Shares (Integrated Oil & Gas) | 1,663 | ||||||
146,000 | Sinopec Shanghai Petrochemical Co. Ltd., H Shares (Commodity Chemicals) | 53 | ||||||
112,000 | Yanzhou Coal Mining Co. Ltd., H Shares (Coal & Consumable Fuels) | 191 | ||||||
52,000 | Zhaojin Mining Industry Co. Ltd., H Shares (Gold) | 83 | ||||||
348,000 | Zijin Mining Group Co. Ltd., H Shares (Gold) | 140 | ||||||
5,687 | ||||||||
Colombia — 0.15% | ||||||||
21,187 | Cementos Argos SA (Construction Materials)* | 121 | ||||||
276,674 | Ecopetrol SA (Integrated Oil & Gas)* | 856 | ||||||
16,566 | Grupo Argos SA (Construction Materials) (a)* | 197 | ||||||
1,174 | ||||||||
Curaçao — 1.57% | ||||||||
174,538 | Schlumberger Ltd. (Oil & Gas Equipment & Services) | 12,094 | ||||||
Denmark — 0.05% | ||||||||
12,976 | Novozymes A/S, B Shares (Specialty Chemicals) | 368 | ||||||
Finland — 0.09% | ||||||||
7,588 | Neste Oil Oyj (Oil & Gas Refining & Marketing) | 99 | ||||||
33,038 | Stora Enso Oyj, R Shares (Paper Products) | 231 | ||||||
29,601 | UPM-Kymmene Oyj (Paper Products) | 348 | ||||||
678 | ||||||||
France — 1.26% | ||||||||
17,251 | Air Liquide SA (Industrial Gases) | 2,179 | ||||||
3,379 | Arkema SA (Commodity Chemicals) | 355 | ||||||
9,501 | Compagnie Generale de Geophysique-Veritas (Oil & Gas Equipment & Services) (a) | 289 | ||||||
1,904 | Imerys SA (Precious Metals & Minerals) | 122 | ||||||
10,393 | Lafarge SA (Construction Materials) | 671 | ||||||
5,537 | Technip SA (Oil & Gas Equipment & Services) | 640 |
See accompanying notes to financial statements.
64
HC CAPITAL TRUST
The Commodity Returns Strategy Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
France (continued) | ||||||||
104,426 | Total SA (Integrated Oil & Gas) | $ | 5,433 | |||||
9,689 | ||||||||
Germany — 1.11% | ||||||||
50,486 | BASF SE (Diversified Chemicals) | 4,773 | ||||||
7,920 | HeidelbergCement AG (Construction Materials) | 485 | ||||||
9,687 | K+S AG – Registered (Fertilizers & Agricultural Chemicals) | 450 | ||||||
4,696 | Lanxess AG (Diversified Chemicals) | 414 | ||||||
10,025 | Linde AG (Industrial Gases) | 1,754 | ||||||
2,190 | Salzgitter AG (Steel) | 115 | ||||||
21,745 | ThyssenKrupp AG (Steel) | 513 | ||||||
8,504 | ||||||||
Hong Kong — 0.31% | ||||||||
992,302 | CNOOC Ltd. (Oil & Gas Exploration & Production) | 2,186 | ||||||
97,500 | Fosun International (Steel) | 63 | ||||||
100,000 | Minmetals Resources Ltd. (Diversified Metals & Mining) (a) | 43 | ||||||
178,000 | Shougang Fushan Resources Group Ltd. (Diversified Metals & Mining) | 67 | ||||||
55,000 | Yingde Gases Group Co. Ltd. (Industrial Gases) | 56 | ||||||
2,415 | ||||||||
Hungary — 0.03% | ||||||||
2,381 | MOL Hungarian Oil & Gas PLC (Integrated Oil & Gas) | 192 | ||||||
India — 0.82% | ||||||||
190,649 | Reliance Industries Ltd. – Sponsored GDR (Oil & Gas Refining & Marketing) (b) | 5,842 | ||||||
29,000 | Sterlite Industries (India) Ltd. – Sponsored ADR (Diversified Metals & Mining)* | 250 | ||||||
27,000 | Tata Steel Ltd. – Sponsored GDR, Registered Shares (Steel) | 220 | ||||||
6,312 | ||||||||
Indonesia — 0.11% | ||||||||
835,500 | PT Adaro Energy Tbk (Coal & Consumable Fuels) | 139 | ||||||
904,500 | PT Bumi Resources Tbk (Coal & Consumable Fuels) | 56 | ||||||
22,000 | PT Indo Tambangraya Megah Tbk (Coal & Consumable Fuels) | 95 | ||||||
84,000 | PT Indocement Tunggal Prakarsa Tbk (Construction Materials) | 196 | ||||||
168,500 | PT Semen Gresik (Persero) Tbk (Construction Materials) | 279 | ||||||
45,000 | PT Tambang Batubara Bukit Asam Tbk (Coal & Consumable Fuels) | 71 | ||||||
836 | ||||||||
Ireland — 0.75% | ||||||||
40,834 | CRH PLC (Construction Materials) | 830 | ||||||
227,873 | CRH PLC (Construction Materials) | 4,707 | ||||||
24,761 | James Hardie Industries SE (Construction Materials) | 240 | ||||||
5,777 |
Shares | Security Description | Value (000) | ||||||
Israel — 0.05% | ||||||||
23,185 | Israel Chemicals Ltd. (Fertilizers & Agricultural Chemicals) | $ | 279 | |||||
129 | The Israel Corp. Ltd. (Fertilizers & Agricultural Chemicals) | 85 | ||||||
364 | ||||||||
Italy — 0.98% | ||||||||
142,236 | Eni SpA (Integrated Oil & Gas) | 3,484 | ||||||
104,802 | Saipem SpA (Oil & Gas Equipment & Services) | 4,082 | ||||||
7,566 | ||||||||
Japan — 1.30% | ||||||||
9,000 | Air Water, Inc. (Industrial Gases) | 115 | ||||||
71,000 | Asahi Kasei Corp. (Commodity Chemicals) | 420 | ||||||
17,000 | Daicel Corp. (Specialty Chemicals) | 113 | ||||||
16,000 | Daido Steel Co. Ltd. (Steel) | 81 | ||||||
27,000 | Denki Kagaku Kogyo Kabushiki Kaisha (Commodity Chemicals) | 92 | ||||||
5,500 | Hitachi Chemical Co. Ltd. (Specialty Chemicals) | 83 | ||||||
9,000 | Hitachi Metals Ltd. (Steel) | 77 | ||||||
1,300 | Idemitsu Kosan Co. Ltd. (Oil & Gas Refining & Marketing) | 113 | ||||||
123 | INPEX Corp. (Oil & Gas Exploration & Production) | 658 | ||||||
1,700 | Japan Petroleum Exploration Co. Ltd. (Oil & Gas Exploration & Production) | 60 | ||||||
27,000 | JFE Holdings, Inc. (Steel) | 509 | ||||||
10,200 | JSR Corp. (Specialty Chemicals) | 195 | ||||||
125,144 | JX Holdings, Inc. (Oil & Gas Refining & Marketing) | 707 | ||||||
16,000 | Kaneka Corp. (Commodity Chemicals) | 81 | ||||||
13,000 | Kansai Paint Co. Ltd. (Specialty Chemicals) | 140 | ||||||
142,000 | Kobe Steel Ltd. (Steel) (a) | 182 | ||||||
19,300 | Kuraray Co. Ltd. (Commodity Chemicals) | 253 | ||||||
2,800 | Maruichi Steel Tube Ltd. (Steel) | 65 | ||||||
76,500 | Mitsubishi Chemical Holdings Corp. (Diversified Chemicals) | 381 | ||||||
22,000 | Mitsubishi Gas Chemical Co., Inc. (Diversified Chemicals) | 135 | ||||||
64,000 | Mitsubishi Materials Corp. (Diversified Metals & Mining) | 219 | ||||||
47,000 | Mitsui Chemicals, Inc. (Commodity Chemicals) | 123 | ||||||
423,082 | Nippon Steel & Sumitomo Metal Corp. (Steel) | 1,042 | ||||||
9,300 | Nitto Denko Corp. (Specialty Chemicals) | 458 | ||||||
48,000 | Oji Paper Co. Ltd. (Paper Products) | 166 | ||||||
23,015 | Shin-Etsu Chemical Co. Ltd. (Specialty Chemicals) | 1,405 | ||||||
85,000 | Showa Denko K.K. (Diversified Chemicals) | 130 | ||||||
11,200 | Showa Shell Sekiyu K.K. (Oil & Gas Refining & Marketing) | 63 | ||||||
88,000 | Sumitomo Chemical Co. Ltd. (Diversified Chemicals) | 277 | ||||||
29,000 | Sumitomo Metal Mining Co. Ltd. (Diversified Metals & Mining) | 409 | ||||||
64,000 | Taiheiyo Cement Corp. (Construction Materials) | 176 |
See accompanying notes to financial statements.
65
HC CAPITAL TRUST
The Commodity Returns Strategy Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Japan (continued) | ||||||||
15,000 | Taiyo Nippon Sanso Corp. (Industrial Gases) | $ | 86 | |||||
53,000 | Teijin Ltd. (Commodity Chemicals) | 132 | ||||||
16,000 | TonenGeneral Sekiyu K.K. (Oil & Gas Refining & Marketing) | 138 | ||||||
82,000 | Toray Industries, Inc. (Commodity Chemicals) | 504 | ||||||
58,000 | Ube Industries Ltd. (Diversified Chemicals) | 139 | ||||||
2,500 | Yamato Kogyo Co. Ltd. (Steel) | 73 | ||||||
10,000 | ||||||||
Jersey — 1.44% | ||||||||
1,768,729 | Glencore International PLC (Diversified Metals & Mining) | 10,216 | ||||||
14,605 | Petrofac Ltd. (Oil & Gas Equipment & Services) | 390 | ||||||
4,802 | Randgold Resources Ltd. (Gold) | 475 | ||||||
11,081 | ||||||||
Luxembourg — 0.87% | ||||||||
52,168 | ArcelorMittal (Steel) | 909 | ||||||
277,500 | ArcelorMittal – NYS (Steel)* | 4,848 | ||||||
15,868 | Subsea 7 SA (Oil & Gas Equipment & Services) | 382 | ||||||
26,517 | Tenaris SA (Oil & Gas Equipment & Services) | 553 | ||||||
6,692 | ||||||||
Malaysia — 0.09% | ||||||||
52,300 | Bumi Armada Berhad (Oil & Gas Equipment & Services) | 68 | ||||||
25,500 | Lafarge Malayan Cement Berhad (Construction Materials) | 80 | ||||||
153,400 | Petronas Chemicals Group Berhad (Commodity Chemicals) | 322 | ||||||
13,900 | Petronas Dagangan Berhad (Oil & Gas Refining & Marketing) | 107 | ||||||
126,300 | SapuraKencana Petroleum Berhad (Oil & Gas Equipment & Services) (a) | 131 | ||||||
708 | ||||||||
Mexico — 0.30% | ||||||||
21,815 | Alpek SA de CV (Diversified Chemicals)* | 59 | ||||||
597,716 | Cemex SAB de CV (Construction Materials) (a)* | 588 | ||||||
213,134 | Grupo Mexico SAB de CV, Series B (Diversified Metals & Mining)* | 769 | ||||||
9,139 | Industrias CH SAB de CV, Series B (Steel) (a)* | 69 | ||||||
7,850 | Industrias Penoles SA de CV (Precious Metals & Minerals)* | 396 | ||||||
55,232 | Mexichem SAB de CV (Commodity Chemicals)* | 307 | ||||||
36,300 | Minera Frisco SAB de CV, Class – A1 (Diversified Metals & Mining) (a)* | 153 | ||||||
2,341 | ||||||||
Mongolia — 0.44% | ||||||||
6,781,000 | Mongolian Mining Corp. (Diversified Metals & Mining) (a) | 3,361 | ||||||
Netherlands — 1.42% | ||||||||
13,179 | Akzo Nobel NV (Diversified Chemicals) | 872 |
Shares | Security Description | Value (000) | ||||||
Netherlands — (continued) | ||||||||
2,589 | Core Laboratories NV (Oil & Gas Equipment & Services)* | $ | 283 | |||||
3,853 | Fugro NV (Oil & Gas Equipment & Services) | 229 | ||||||
8,905 | Koninklijke DSM NV (Diversified Chemicals) | 543 | ||||||
157,928 | LyondellBasell Industries NV, Class – A (Specialty Chemicals)* | 9,016 | ||||||
10,943 | ||||||||
New Zealand — 0.04% | ||||||||
39,725 | Fletcher Building Ltd. (Construction Materials) | 279 | ||||||
Norway — 1.05% | ||||||||
9,508 | Aker Solutions ASA (Oil & Gas Equipment & Services) | 197 | ||||||
52,209 | Norsk Hydro ASA (Aluminum) | 265 | ||||||
62,407 | Statoil ASA (Integrated Oil & Gas) | 1,574 | ||||||
219,500 | Statoil ASA – Sponsored ADR (Integrated Oil & Gas)* | 5,496 | ||||||
10,504 | Yara International ASA (Fertilizers & Agricultural Chemicals) | 524 | ||||||
8,056 | ||||||||
Papua New Guinea — 0.60% | ||||||||
621,563 | Oil Search Ltd. (Oil & Gas Exploration & Production) | 4,595 | ||||||
Peru — 0.43% | ||||||||
92,500 | Compania de Minas Buenaventura SA – Sponsored ADR (Gold)* | 3,325 | ||||||
Poland — 0.15% | ||||||||
3,641 | Grupa Lotos SA (Oil & Gas Refining & Marketing) (a) | 49 | ||||||
2,488 | Jastrzebska Spolka Weglowa SA (Diversified Metals & Mining) | 75 | ||||||
7,887 | KGHM Polska Miedz SA (Diversified Metals & Mining) | 488 | ||||||
18,219 | Polski Koncern Naftowy Orlen SA (Oil & Gas Refining & Marketing) (a) | 292 | ||||||
102,417 | Polskie Gornictwo Naftowe i Gazownictwo SA (Integrated Oil & Gas) (a) | 173 | ||||||
35,895 | Synthos SA (Commodity Chemicals) | 63 | ||||||
1,140 | ||||||||
Portugal — 0.18% | ||||||||
86,825 | Galp Energia SGPS SA, B Shares (Integrated Oil & Gas) | 1,352 | ||||||
Russia — 1.16% | ||||||||
301,217 | Gazprom OAO – Sponsored ADR (Integrated Oil & Gas)* | 2,911 | ||||||
18,423 | LUKOIL (Integrated Oil & Gas) | 1,237 | ||||||
10,112 | LUKOIL – Sponsored ADR (Integrated Oil & Gas)* | 682 | ||||||
8,895 | Mechel OAO – Sponsored ADR (Steel)* | 62 | ||||||
26,770 | Mining & Metallurgical Co. Norilsk Nickel OJSC – Sponsored ADR (Diversified Metals & Mining)* | 507 | ||||||
5,084 | NovaTek OAO – Sponsored GDR, Registered Shares (Oil & Gas Exploration & Production) | 621 |
See accompanying notes to financial statements.
66
HC CAPITAL TRUST
The Commodity Returns Strategy Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Russia (continued) | ||||||||
3,950 | Novolipetsk Steel – Sponsored GDR, Registered Shares (Steel) | $ | 82 | |||||
88,641 | Rosneft Oil Co. OJSC – Sponsored GDR, Registered Shares (Integrated Oil & Gas) | 803 | ||||||
11,561 | Severstal – Sponsored GDR, Registered Shares (Steel) | 144 | ||||||
65,266 | Surgutneftegas – Sponsored ADR (Integrated Oil & Gas)* | 589 | ||||||
13,248 | Tatneft – Sponsored GDR, Registered Shares (Oil & Gas Exploration & Production) | 590 | ||||||
3,640 | TMK OAO – Sponsored GDR, Registered Shares (Oil & Gas Equipment & Services) | 56 | ||||||
15,528 | Uralkali – Sponsored GDR, Registered Shares (Fertilizers & Agricultural Chemicals) | 602 | ||||||
8,886 | ||||||||
South Africa — 1.72% | ||||||||
6,147 | African Rainbow Minerals Ltd. (Diversified Metals & Mining) | 139 | ||||||
56,402 | Anglo Platinum Ltd. (Precious Metals & Minerals) | 2,991 | ||||||
21,431 | AngloGold Ashanti Ltd. (Gold) | 671 | ||||||
70,800 | AngloGold Ashanti Ltd. – Sponsored ADR (Gold)* | 2,221 | ||||||
10,610 | ArcelorMittal South Africa Ltd. (Steel) (a) | 46 | ||||||
2,065 | Assore Ltd. (Diversified Metals & Mining) | 99 | ||||||
7,144 | Exxaro Resources Ltd. (Diversified Metals & Mining) | 144 | ||||||
40,357 | Gold Fields Ltd. (Gold) | 502 | ||||||
21,135 | Harmony Gold Mining Co. Ltd. (Gold) | 187 | ||||||
29,122 | Impala Platinum Holdings Ltd. (Precious Metals & Minerals) | 583 | ||||||
4,541 | Kumba Iron Ore Ltd. (Steel) | 308 | ||||||
13,757 | Northam Platinum Ltd. (Precious Metals & Minerals) | 62 | ||||||
27,561 | PPC Ltd. (Construction Materials) | 111 | ||||||
31,249 | Sappi Ltd. (Paper Products) (a) | 115 | ||||||
29,808 | Sasol Ltd. (Integrated Oil & Gas) | 1,287 | ||||||
87,000 | Sasol Ltd. – Sponsored ADR (Integrated Oil & Gas)* | 3,766 | ||||||
13,232 | ||||||||
South Korea — 0.57% | ||||||||
2,646 | Cheil Industries, Inc. (Diversified Chemicals) (a) | 234 | ||||||
2,929 | GS Holdings (Oil & Gas Refining & Marketing) (a) | 200 | ||||||
4,670 | Hanwha Chemical Corp. (Commodity Chemicals) (a) | 81 | ||||||
2,690 | Hanwha Corp. (Commodity Chemicals) (a) | 86 | ||||||
817 | Honam Petrochemical Corp. (Commodity Chemicals) (a) | 190 | ||||||
1,370 | Hyosung Corp. (Commodity Chemicals) (a) | 95 | ||||||
1,920 | Hyundai Hysco (Steel) (a) | 82 | ||||||
3,110 | Hyundai Steel Co. (Steel) (a) | 258 | ||||||
675 | Korea Kumho Petrochemical Co. Ltd. (Commodity Chemicals) (a) | 84 |
Shares | Security Description | Value (000) | ||||||
South Korea —(continued) | ||||||||
485 | Korea Zinc Co. Ltd. (Diversified Metals & Mining) (a) | $ | 186 | |||||
2,760 | KP Chemical Corp. (Commodity Chemicals) (a) | 31 | ||||||
2,456 | LG Chem Ltd. (Commodity Chemicals) (a) | 768 | ||||||
885 | OCI Co. Ltd. (Diversified Chemicals) (a) | 138 | ||||||
3,493 | POSCO (Steel) | 1,144 | ||||||
2,551 | S-Oil Corp. (Oil & Gas Refining & Marketing) | 252 | ||||||
3,148 | SK Innovation Co. Ltd. (Oil & Gas Refining & Marketing) (a) | 521 | ||||||
4,350 | ||||||||
Spain — 0.93% | ||||||||
349,079 | Repsol YPF SA (Integrated Oil & Gas) | 7,125 | ||||||
Sweden — 0.08% | ||||||||
15,489 | Boliden AB (Diversified Metals & Mining) | 294 | ||||||
12,479 | Lundin Petroleum AB (Oil & Gas Exploration & Production) (a) | 289 | ||||||
583 | ||||||||
Switzerland — 1.11% | ||||||||
430 | EMS-Chemie Holding AG – Registered (Diversified Chemicals) | 101 | ||||||
466 | Givaudan SA – Registered (Specialty Chemicals) | 493 | ||||||
12,445 | Holcim Ltd. – Registered (Construction Materials) | 917 | ||||||
95,200 | Noble Corp. (Oil & Gas Drilling)* | 3,315 | ||||||
112 | Sika AG (Specialty Chemicals) | 259 | ||||||
5,149 | Syngenta AG – Registered (Fertilizers & Agricultural Chemicals) | 2,081 | ||||||
19,731 | Transocean Ltd. (Oil & Gas Drilling) | 885 | ||||||
42,300 | Weatherford International Ltd. (Oil & Gas Equipment & Services) (a)* | 473 | ||||||
8,524 | ||||||||
Taiwan — 0.41% | ||||||||
111,240 | Asia Cement Corp. (Construction Materials) | 143 | ||||||
116,325 | China Petrochemical Development Corp. (Commodity Chemicals) | 73 | ||||||
638,435 | China Steel Corp. (Steel) | 603 | ||||||
32,000 | Eternal Chemical Co. Ltd. (Diversified Chemicals) | 28 | ||||||
27,000 | Feng Hsin Iron & Steel Co. Ltd. (Steel) | 48 | ||||||
159,000 | Formosa Chemicals & Fibre Corp. (Specialty Chemicals) | 413 | ||||||
65,000 | Formosa Petrochemical Corp. (Oil & Gas Refining & Marketing) | 193 | ||||||
222,000 | Formosa Plastics Corp. (Commodity Chemicals) | 604 | ||||||
29,394 | LCY Chemical Corp. (Commodity Chemicals) | 37 | ||||||
264,000 | Nan Ya Plastics Corp. (Commodity Chemicals) | 512 | ||||||
28,000 | Oriental Union Chemical Corp. (Diversified Chemicals) | 34 | ||||||
186,000 | Taiwan Cement Corp. (Construction Materials) | 251 | ||||||
43,000 | Taiwan Fertilizer Co. Ltd. (Fertilizers & Agricultural Chemicals) | 113 |
See accompanying notes to financial statements.
67
HC CAPITAL TRUST
The Commodity Returns Strategy Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Taiwan (continued) | ||||||||
33,000 | TSRC Corp. (Commodity Chemicals) | $ | 67 | |||||
46,000 | Tung Ho Steel Enterprise Corp. (Steel) | 47 | ||||||
3,166 | ||||||||
Thailand — 0.24% | ||||||||
7,950 | Banpu Public Co. Ltd. (Coal & Consumable Fuels) | 108 | ||||||
80,600 | Indorama Ventures Public Co. Ltd. (Commodity Chemicals) | 67 | ||||||
594,100 | IRPC Public Co. Ltd. – NVDR (Oil & Gas Refining & Marketing) | 81 | ||||||
78,204 | PTT Exploration & Production Public Co. Ltd. (Oil & Gas Exploration & Production) | 422 | ||||||
94,855 | PTT Global Chemical Public Co. Ltd. (Diversified Chemicals) | 219 | ||||||
47,800 | PTT Public Co. Ltd. (Integrated Oil & Gas) | 523 | ||||||
45,400 | Thai Oil Public Co. Ltd. (Oil & Gas Refining & Marketing) | 101 | ||||||
6,900 | The Siam Cement Public Co. Ltd. (Construction Materials) | 100 | ||||||
16,300 | The Siam Cement Public Co. Ltd. – Foreign Registered Shares (Construction Materials) | 250 | ||||||
1,871 | ||||||||
Turkey — 0.04% | ||||||||
46,673 | Eregli Demir ve Celik Fabrikalari TAS (Steel) | 64 | ||||||
2,762 | Koza Altin Isletmeleri AS (Gold) | 67 | ||||||
7,156 | Tupras-Turkiye Petrol Rafinerileri AS (Oil & Gas Refining & Marketing) | 208 | ||||||
339 | ||||||||
United Kingdom — 12.14% | ||||||||
18,693 | AMEC PLC (Oil & Gas Equipment & Services) | 309 | ||||||
76,793 | Anglo American PLC (Diversified Metals & Mining) | 2,420 | ||||||
22,179 | Antofagasta PLC (Diversified Metals & Mining) | 486 | ||||||
1,128,660 | BG Group PLC (Integrated Oil & Gas) | 18,823 | ||||||
549,752 | BHP Billiton PLC (Diversified Metals & Mining) | 19,389 | ||||||
741,779 | BP PLC (Integrated Oil & Gas) | 5,157 | ||||||
166,900 | BP PLC – Sponsored ADR (Integrated Oil & Gas)* | 6,950 | ||||||
7,620 | Croda International PLC (Specialty Chemicals) | 298 | ||||||
12,646 | Ensco PLC, Class – A (Oil & Gas Drilling)* | 750 | ||||||
13,471 | Eurasian Natural Resources Corp. (Diversified Metals & Mining) | 64 | ||||||
17,562 | Evraz PLC (Steel) | 75 | ||||||
9,667 | Fresnillo PLC (Precious Metals & Minerals) | 296 | ||||||
11,506 | Johnson Matthey PLC (Specialty Chemicals) | 452 | ||||||
12,234 | Kazakhmys PLC (Diversified Metals & Mining) | 158 | ||||||
177,246 | Ophir Energy PLC (Oil & Gas Exploration & Production) (a) | 1,465 | ||||||
49,434 | Rexam PLC (Metal & Glass Containers) | 354 | ||||||
299,288 | Rio Tinto PLC (Diversified Metals & Mining) | 17,453 |
Shares | Security Description | Value (000) | ||||||
United Kingdom — 12.14% | ||||||||
7,008 | Rowan Cos. PLC, Class – A (Oil & Gas Drilling) (a) | $ | 219 | |||||
156,442 | Royal Dutch Shell PLC, A Shares (Integrated Oil & Gas) | 5,429 | ||||||
145,862 | Royal Dutch Shell PLC, B Shares (Integrated Oil & Gas) | 5,203 | ||||||
50,726 | Tullow Oil PLC (Oil & Gas Exploration & Production) | 1,057 | ||||||
227,795 | Vedanta Resources PLC (Diversified Metals & Mining) | 4,397 | ||||||
116,371 | Xstrata PLC (Diversified Metals & Mining) | 2,031 | ||||||
93,235 | ||||||||
United States — 23.24% | ||||||||
11,836 | Air Products & Chemicals, Inc. (Industrial Gases)* | 994 | ||||||
3,625 | Airgas, Inc. (Industrial Gases)* | 331 | ||||||
4,778 | Albemarle Corp. (Specialty Chemicals)* | 297 | ||||||
59,424 | Alcoa, Inc. (Aluminum)* | 516 | ||||||
5,700 | Allegheny Technologies, Inc. (Steel)* | 173 | ||||||
149,397 | Anadarko Petroleum Corp. (Oil & Gas Exploration & Production)* | 11,102 | ||||||
21,515 | Apache Corp. (Oil & Gas Exploration & Production)* | 1,689 | ||||||
101,725 | Baker Hughes, Inc. (Oil & Gas Equipment & Services)* | 4,154 | ||||||
8,700 | Ball Corp. (Metal & Glass Containers)* | 389 | ||||||
11,800 | Cabot Oil & Gas Corp. (Oil & Gas Exploration & Production)* | 587 | ||||||
70,446 | Cameron International Corp. (Oil & Gas Equipment & Services) (a)* | 3,977 | ||||||
8,800 | Celanese Corp., Series A (Specialty Chemicals)* | 392 | ||||||
3,445 | CF Industries Holdings, Inc. (Fertilizers & Agricultural Chemicals)* | 700 | ||||||
36,746 | Chesapeake Energy Corp. (Oil & Gas Exploration & Production)* | 611 | ||||||
178,518 | Chevron Corp. (Integrated Oil & Gas)* | 19,305 | ||||||
4,800 | Cimarex Energy Co. (Oil & Gas Exploration & Production)* | 277 | ||||||
8,000 | Cliffs Natural Resources, Inc. (Steel)* | 308 | ||||||
135,723 | Cobalt International Energy, Inc. (Oil & Gas Exploration & Production) (a)* | 3,333 | ||||||
5,500 | Concho Resources, Inc. (Oil & Gas Exploration & Production) (a)* | 443 | ||||||
159,371 | ConocoPhillips (Integrated Oil & Gas)* | 9,242 | ||||||
145,300 | CONSOL Energy, Inc. (Coal & Consumable Fuels)* | 4,664 | ||||||
2,562 | Continental Resources, Inc. (Oil & Gas Exploration & Production) (a)* | 188 | ||||||
8,500 | Crown Holdings, Inc. (Metal & Glass Containers) (a)* | 313 | ||||||
22,100 | Denbury Resources, Inc. (Oil & Gas Exploration & Production) (a)* | 358 | ||||||
21,491 | Devon Energy Corp. (Oil & Gas Exploration & Production)* | 1,118 | ||||||
3,830 | Diamond Offshore Drilling, Inc. (Oil & Gas Drilling)* | 260 |
See accompanying notes to financial statements.
68
HC CAPITAL TRUST
The Commodity Returns Strategy Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
United States (continued) | ||||||||
36,500 | Dril-Quip, Inc. (Oil & Gas Equipment & Services) (a)* | $ | 2,666 | |||||
50,886 | E.I. du Pont de Nemours & Co. (Diversified Chemicals)* | 2,288 | ||||||
8,456 | Eastman Chemical Co. (Diversified Chemicals)* | 575 | ||||||
16,036 | Ecolab, Inc. (Specialty Chemicals)* | 1,153 | ||||||
4,100 | Energen Corp. (Oil & Gas Exploration & Production)* | 185 | ||||||
54,557 | EOG Resources, Inc. (Oil & Gas Exploration & Production)* | 6,590 | ||||||
8,438 | EQT Corp. (Oil & Gas Exploration & Production)* | 498 | ||||||
58,700 | Exxon Mobil Corp. (Integrated Oil & Gas)* | 5,081 | ||||||
7,362 | FMC Corp. (Diversified Chemicals)* | 431 | ||||||
13,300 | FMC Technologies, Inc. (Oil & Gas Equipment & Services) (a)* | 570 | ||||||
168,613 | Freeport-McMoRan Copper & Gold, Inc. (Diversified Metals & Mining)* | 5,767 | ||||||
51,448 | Halliburton Co. (Oil & Gas Equipment & Services)* | 1,785 | ||||||
6,100 | Helmerich & Payne, Inc. (Oil & Gas Drilling)* | 342 | ||||||
17,348 | Hess Corp. (Integrated Oil & Gas) | 919 | ||||||
10,642 | HollyFrontier Corp. (Oil & Gas Refining & Marketing)* | 495 | ||||||
4,600 | International Flavors & Fragrances, Inc. (Specialty Chemicals)* | 306 | ||||||
23,300 | International Paper Co. (Paper Products)* | 928 | ||||||
119,500 | KBR, Inc. (Construction & Engineering)* | 3,575 | ||||||
5,527 | Kinder Morgan Management LLC (Oil & Gas Storage & Transportation) (a)* | 417 | ||||||
34,666 | Kinder Morgan, Inc. (Oil & Gas Storage & Transportation)* | 1,225 | ||||||
40,034 | Marathon Oil Corp. (Integrated Oil & Gas)* | 1,227 | ||||||
119,685 | Marathon Petroleum Corp. (Oil & Gas Refining & Marketing)* | 7,540 | ||||||
2,628 | Martin Marietta Materials, Inc. (Construction Materials)* | 248 | ||||||
9,600 | MeadWestvaco Corp. (Paper Products)* | 306 | ||||||
29,270 | Monsanto Co. (Fertilizers & Agricultural Chemicals)* | 2,770 | ||||||
10,300 | Murphy Oil Corp. (Integrated Oil & Gas)* | 613 | ||||||
64,758 | National Oilwell Varco, Inc. (Oil & Gas Equipment & Services)* | 4,426 | ||||||
7,600 | Newfield Exploration Co. (Oil & Gas Exploration & Production) (a)* | 204 | ||||||
27,675 | Newmont Mining Corp. (Gold)* | 1,285 | ||||||
9,860 | Noble Energy, Inc. (Oil & Gas Exploration & Production)* | 1,003 | ||||||
17,800 | Nucor Corp. (Steel)* | 769 | ||||||
45,110 | Occidental Petroleum Corp. (Integrated Oil & Gas)* | 3,456 | ||||||
5,958 | Oceaneering International, Inc. (Oil & Gas Equipment & Services)* | 321 | ||||||
9,300 | Owens-Illinois, Inc. (Metal & Glass Containers) (a)* | 198 |
Shares | Security Description | Value (000) | ||||||
United States (continued) | ||||||||
212,500 | Patterson-UTI Energy, Inc. (Oil & Gas Drilling)* | $ | 3,959 | |||||
228,000 | Peabody Energy Corp. (Coal & Consumable Fuels)* | 6,067 | ||||||
167,284 | Phillips 66 (Oil & Gas Refining & Marketing)* | 8,883 | ||||||
40,857 | Pioneer Natural Resources Co. (Oil & Gas Exploration & Production)* | 4,355 | ||||||
7,900 | Plains Exploration & Production Co. (Oil & Gas Exploration & Production) (a)* | 371 | ||||||
8,618 | PPG Industries, Inc. (Diversified Chemicals)* | 1,166 | ||||||
16,450 | Praxair, Inc. (Industrial Gases)* | 1,800 | ||||||
10,000 | QEP Resources, Inc. (Oil & Gas Exploration & Production)* | 303 | ||||||
9,229 | Range Resources Corp. (Oil & Gas Exploration & Production)* | 580 | ||||||
4,000 | Rock-Tenn Co., Class – A (Paper Packaging) | 280 | ||||||
9,900 | Sealed Air Corp. (Paper Packaging)* | 173 | ||||||
6,700 | Sigma-Aldrich Corp. (Specialty Chemicals)* | 493 | ||||||
9,560 | Southern Copper Corp. (Diversified Metals & Mining)* | 362 | ||||||
87,069 | Southwestern Energy Co. (Oil & Gas Exploration & Production) (a)* | 2,909 | ||||||
36,478 | Spectra Energy Corp. (Oil & Gas Storage & Transportation)* | 999 | ||||||
8,859 | Superior Energy Services, Inc. (Oil & Gas Equipment & Services) (a)* | 184 | ||||||
80,000 | Tesoro Corp. (Oil & Gas Refining & Marketing)* | 3,524 | ||||||
65,333 | The Dow Chemical Co. (Diversified Chemicals)* | 2,112 | ||||||
89,453 | The Mosaic Co. (Fertilizers & Agricultural Chemicals)* | 5,066 | ||||||
4,951 | The Sherwin-Williams Co. (Specialty Chemicals)* | 762 | ||||||
34,978 | The Williams Cos., Inc. (Oil & Gas Storage & Transportation)* | 1,145 | ||||||
49,600 | Tidewater, Inc. (Oil & Gas Equipment & Services)* | 2,216 | ||||||
8,700 | Ultra Petroleum Corp. (Oil & Gas Exploration & Production) (a)* | 158 | ||||||
8,200 | United States Steel Corp. (Steel)* | 196 | ||||||
31,400 | Valero Energy Corp. (Oil & Gas Refining & Marketing)* | 1,071 | ||||||
7,300 | Vulcan Materials Co. (Construction Materials)* | 380 | ||||||
73,100 | Whiting Petroleum Corp. (Oil & Gas Exploration & Production) (a)* | 3,170 | ||||||
178,567 | ||||||||
Total Common Stocks | 549,977 |
See accompanying notes to financial statements.
69
HC CAPITAL TRUST
The Commodity Returns Strategy Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares or Principal Amount (000) | Security Description | Value (000) | ||||||
Preferred Stocks — 0.81% | ||||||||
Brazil — 0.73% | ||||||||
12,900 | Bradespar SA – Preferred (Steel)* | $ | 207 | |||||
9,500 | Braskem SA – Preferred, Class – A (Commodity Chemicals)* | 59 | ||||||
48,300 | Gerdau SA – Preferred (Steel)* | 423 | ||||||
26,100 | Klabin SA – Preferred (Paper Packaging)* | 163 | ||||||
15,700 | Metalurgica Gerdau SA – Preferred (Steel)* | 176 | ||||||
238,775 | Petroleo Brasileiro SA – Preferred (Integrated Oil & Gas)* | 2,277 | ||||||
20,387 | Usinas Siderurgicas de Minas Gerais SA – Preferred, Class – A (Steel)* | 128 | ||||||
109,504 | Vale SA – Preferred (Steel)* | 2,186 | ||||||
5,619 | ||||||||
Chile — 0.04% | ||||||||
5,418 | Sociedad Quimica y Minera de Chile SA – Preferred, Class – B (Fertilizers & Agricultural Chemicals)* | 312 | ||||||
Colombia — 0.01% | ||||||||
5,474 | Grupo Argos SA – Preferred (Construction Materials) (a)* | 66 | ||||||
Russia — 0.02% | ||||||||
86 | AK Transneft OAO – Preferred (Oil & Gas Storage & Transportation) | 194 | ||||||
South Korea — 0.01% | ||||||||
488 | LG Chem Ltd. – Preferred (Commodity Chemicals) (a) | 47 | ||||||
Total Preferred Stocks | 6,238 | |||||||
Warrant — 0.00% | ||||||||
United States — 0.00% | ||||||||
5,760 | Kinder Morgan, Inc. (Oil & Gas Storage & Transportation) (a) | 22 | ||||||
Total Warrant | 22 | |||||||
Commercial Paper — 1.66% | ||||||||
Australia — 0.13% | ||||||||
$1,000 | Amcor Ltd., 0.42%, 1/25/13 (Paper Packaging) (c) | 1,000 | ||||||
Luxembourg — 0.13% | ||||||||
1,000 | Holcim U.S. Finance Sarl & Cie SCS, 0.54%, 3/13/13 (Building Products) (c) | 999 | ||||||
Spain — 0.06% | ||||||||
500 | Santander Commercial Paper SA, 2.20%, 4/2/13 (Diversified Banks) (c) | 499 | ||||||
United States — 1.34% | ||||||||
1,000 | DCP Midstream LLC, 0.47%, 1/11/13 (Oil & Gas Exploration & Production) (c) | 1,000 | ||||||
1,000 | Enbridge Energy Partners LP, 0.43%, 1/18/13 (Oil & Gas Storage & Transportation) (c) | 1,000 | ||||||
1,000 | Enterprise Products Operating LLC, 0.45%, 1/23/13 (Oil & Gas Equipment & Services) (c) | 1,000 | ||||||
1,100 | Kansas City Power & Light Co., 0.45%, 1/22/13 (Electric Utilities) (c) | 1,100 | ||||||
1,000 | Kinder Morgan Energy Partners LP, 0.43%, 1/11/13 (Integrated Oil & Gas) (c) | 1,000 |
Principal Amount (000) | Security Description | Value (000) | ||||||
United Kingdom (continued) | ||||||||
$1,100 | NextEra Energy Capital Holdings, Inc., 0.42%, 1/7/13 (Electric Utilities) (c) | $ | 1,100 | |||||
1,000 | Nissan Motor Acceptance Corp., 0.45%, 1/28/13 (Automobile Manufacturers) (c) | 999 | ||||||
1,000 | Northeast Utlilities, 0.43%, 1/2/13 (Electric Utilities) (c) | 1,000 | ||||||
1,100 | Standard Chartered Bank PLC, 0.95%, 9/26/13 (Diversified Banks) (c) | 1,095 | ||||||
1,000 | Virginia Electric & Power Co., 0.43%, 1/22/13 (Electric Utilities) (c) | 1,000 | ||||||
10,294 | ||||||||
Total Commercial Paper | 12,792 | |||||||
Corporate Bonds — 0.49% | ||||||||
400 | Citigroup, Inc., 6.50%, 8/19/13 (Other Diversified Financial Services) | 414 | ||||||
1,400 | HSBC Finance Corp., 0.59%, 1/15/14 (Other Diversified Financial Services) (d) | 1,396 | ||||||
1,000 | Morgan Stanley, MTN, 6.00%, 5/13/14 (Investment Banking & Brokerage) | 1,059 | ||||||
800 | SLM Corp., MTN, 6.25%, 1/25/16 (Consumer Finance) | 870 | ||||||
Total Corporate Bonds | 3,739 | |||||||
Asset Backed Securities — 0.88% | ||||||||
492 | AIMCO, Series 2005-AA, Class A1B, 0.57%, 10/20/19 (b)(d) | 475 | ||||||
283 | Avenue CLO Ltd., Series 2004-1A, Class A1L, 0.66%, 2/15/17 (b)(d) | 282 | ||||||
1,057 | BlueMountain CLO Ltd., Series 2005-1A, Class A1F, 0.55%, 11/15/17 (b)(d) | 1,044 | ||||||
1,000 | Citibank Omni Master Trust, Series 2009-A14A, Class A14, 2.96%, 8/15/18 (b)(d) | 1,040 | ||||||
600 | Commercial Industrial Finance Corp., Series 2007-1A, Class A1L, 0.57%, 5/10/21 (b)(d) | 578 | ||||||
600 | First Franklin Mortgage Loan Asset Backed Certificates, Series 2005-FF11, Class A2D, 0.55%, 11/25/35 (d) | 583 | ||||||
1,200 | Fore CLO Ltd., Series 2007-1A, Class A1B, 0.56%, 7/20/19 (b)(d) | 1,160 | ||||||
452 | Four Corners CLO Ltd., Series 2006-2A, Class A, 0.58%, 1/26/20 (b)(d) | 445 | ||||||
781 | Oak Hill Credit Partners, Series 2005-4A, Class A1B, 0.56%, 5/17/21 (b)(d) | 772 | ||||||
368 | Stanfield Bristol CLO Ltd., Series 2005-1A, Class A1, 0.57%, 10/15/19 (b)(d) | 362 | ||||||
23 | Whitney CLO Ltd., Series 2004-1X, Class A1LA, 0.60%, 3/1/17 (d) | 23 | ||||||
Total Asset Backed Securities | 6,764 | |||||||
Collateralized Mortgage Obligations — 0.95% | ||||||||
400 | Banc of America Commercial Mortgage, Inc., Series 2007-2, Class A4, 5.80%, 4/10/49 (d) | 468 | ||||||
861 | Bear Stearns ALT-A Trust, Series 2007-8, Class 1A, 0.91%, 9/25/34 (d) | 837 | ||||||
278 | Commercial Mortgage Pass-Through Certificates, Series 2006-FL12, Class A2, 0.31%, 12/15/20 (b)(d) | 276 |
See accompanying notes to financial statements.
70
HC CAPITAL TRUST
The Commodity Returns Strategy Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Principal Amount (000) | Security Description | Value (000) | ||||||
Collateralized Mortgage Obligations (continued) | ||||||||
$807 | Fannie Mae, Series 2006-98, Class FA, 0.64%, 10/25/36 (d) | $ | 815 | |||||
795 | Freddie Mac, Series 278, Class F1, 0.66%, 9/15/42 (d) | 796 | ||||||
986 | Freddie Mac, Series 3096, Class FX, 0.66%, 5/15/32 (d) | 993 | ||||||
428 | Freddie Mac, Series 3179, Class FP, 0.59%, 7/15/36 (d) | 430 | ||||||
1,000 | Goldman Sachs Mortgage Securities Corp. II, Series 2007-EOP, Class A2, 1.26%, 3/6/20 (b)(d) | 1,001 | ||||||
120 | Granite Mortgages PLC, Series 2004-2, Class 2A1, 0.46%, 6/20/44 (d) | 157 | ||||||
947 | JPMorgan Chase Commercial Mortgage Securities Corp., Series 2010-C1, Class A1, 3.85%, 6/15/15 (b) | 1,006 | ||||||
486 | Wells Fargo Mortgage Backed Securities Trust, Series 2005-14, Class 1A9, 5.50%, 12/25/35 | 490 | ||||||
Total Collateralized Mortgage Obligations | 7,269 | |||||||
Global Bonds — 0.61% | ||||||||
France — 0.05% | ||||||||
300 | Dexia Credit Local SA NY, Series B, MTN, 1.08%, 9/18/13 (e) | 396 | ||||||
Germany — 0.37% | ||||||||
2,100 | FMS Wertmanagement, 2.25%, 7/14/14 (e) | 2,861 | ||||||
Spain — 0.19% | ||||||||
600 | Bonos y Obligaciones del Estado, 3.75%, 10/31/15 (e) | 797 | ||||||
500 | Comunidad de Madrid, 4.20%, 9/24/14 (e) | 637 | ||||||
1,434 | ||||||||
Total Global Bonds | 4,691 | |||||||
U.S. Government Agency Securities — 4.40% | ||||||||
300 | Fannie Mae, 0.18%, 2/20/13 (f) | 300 | ||||||
1,000 | Fannie Mae, 0.16%, 2/27/13 (f) | 1,000 | ||||||
2,700 | Fannie Mae, 1.92%, 10/9/19 (f) | 2,365 | ||||||
4,400 | Fannie Mae, 2.70%, 3/28/22, Callable 3/28/13 @ 100.00 | 4,421 | ||||||
5,300 | Federal Home Loan Bank, 0.17%, 2/20/13 (f) | 5,300 | ||||||
100 | Federal Home Loan Bank, 0.15%, 2/22/13 (f) | 100 | ||||||
1,000 | Freddie Mac, 0.18%, 2/25/13 (f) | 1,000 | ||||||
1,400 | Freddie Mac, 0.15%, 2/26/13 (f) | 1,400 | ||||||
800 | Freddie Mac, 0.14%, 3/5/13 (f) | 800 | ||||||
9,700 | Freddie Mac, 0.16%, 4/24/13 (f) | 9,698 | ||||||
5,600 | Freddie Mac, 0.55%, 2/13/15, Callable 2/13/14 @ 100.00 | 5,620 | ||||||
1,300 | Freddie Mac, 3.00%, 8/1/19, Callable 8/1/13 @ 100.00 | 1,320 | ||||||
500 | Freddie Mac, 2.50%, 10/2/19, Callable 10/2/14 @ 100.00 | 518 | ||||||
Total U.S. Government Agency Securities | 33,842 |
Contracts, Shares or Principal Amount (000) | Security Description | Value (000) | ||||||
U.S. Treasury Obligations — 2.76% | ||||||||
$9,100 | U.S. Treasury Bills, 0.17%, 8/22/13 (c) | $ | 9,092 | |||||
1,000 | U.S. Treasury Bills, 0.18%, 11/14/13 (c) | 999 | ||||||
200 | U.S. Treasury Inflation Index Note, 2.00%, 7/15/14 | 259 | ||||||
100 | U.S. Treasury Inflation Index Note, 1.88%, 7/15/15 | 130 | ||||||
4,000 | U.S. Treasury Note, 0.38%, 7/31/13 | 4,006 | ||||||
1,233 | U.S. Treasury Note, 0.50%, 10/15/13 | 1,236 | ||||||
2,238 | U.S. Treasury Note, 0.75%, 12/15/13 | 2,250 | ||||||
3,200 | U.S. Treasury Note, 0.25%, 5/31/14 | 3,201 | ||||||
Total U.S. Treasury Obligations | 21,173 | |||||||
Yankee Dollars — 0.65% | ||||||||
France — 0.07% | ||||||||
500,000 | Dexia Credit Local SA NY (Diversified Banks) | 501 | ||||||
Netherlands — 0.06% | ||||||||
462,000 | Achmea Hypotheekbank NV (Diversified Banks) (b) | 484 | ||||||
Norway — 0.12% | ||||||||
500,000 | Kommunalbanken AS (Diversified Banks) (b)(d) | 503 | ||||||
400,000 | Nordea Eiendomskreditt AS (Diversified Banks) (b) | 416 | ||||||
919 | ||||||||
Switzerland — 0.10% | ||||||||
750,000 | UBS AG Stamford CT (Diversified Banks) | 761 | ||||||
United Kingdom — 0.13% | ||||||||
1,000,000 | HSBC Bank PLC (Diversified Banks) (g) | 1,017 | ||||||
United States — 0.17% | ||||||||
1,000,000 | Merrill Lynch & Co., Series E (Investment Banking & Brokerage) (d) | 1,306 | ||||||
Total Yankee Dollars | 4,988 | |||||||
Time Deposit — 1.03% | ||||||||
7,925 | State Street Liquidity Management Control System Time Deposit, 0.01%, 1/2/13 | 7,925 | ||||||
Total Time Deposit | 7,925 | |||||||
Mutual Fund — 0.06% | ||||||||
477,046 | Alliance Money Market Fund Prime Portfolio, 0.11% (h) | 477 | ||||||
Total Mutual Fund | 477 | |||||||
Call Options Purchased — 0.01% | ||||||||
48 | Corn Future Expiring 2/22/13 at $800* | 9 | ||||||
5 | Crude Oil Future Expiring 11/18/15 at $145* | 8 | ||||||
7 | Crude Oil Future Expiring 11/15/13 at $117* | 14 | ||||||
21 | Live Cattle Future Expiring 8/2/13 at $140* | 5 | ||||||
100 | London Gold Market Fixing Ltd. Expiring 6/25/13 at $1,555 | 2 | ||||||
500 | London Gold Market Fixing Ltd. Expiring 11/29/13 at $1,550 | 22 |
See accompanying notes to financial statements.
71
HC CAPITAL TRUST
The Commodity Returns Strategy Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Contracts or Principal Amount (000) | Security Description | Value (000) | ||||||
Call Options Purchased (continued) | ||||||||
30 | Natural Gas Future Expiring 2/25/13 at $4* | $ | 9 | |||||
55 | Natural Gas Future Expiring 1/28/13 at $6* | 1 | ||||||
14 | Soybean Future Expiring 2/22/13 at $1,600* | 4 | ||||||
48 | Sugar No.11 Future Expiring 6/17/13 at $23* | 15 | ||||||
Total Call Options Purchased (Cost $177) | 89 | |||||||
Put Options Purchased — 0.04% | ||||||||
33 | Corn No. 2 Yellow Future Expiring 11/22/13 at $550* | 62 | ||||||
11 | Electrolytic Copper Future Expiring 12/3/14 at $7,000 | 192 | ||||||
20 | Primary Aluminum Future Expiring 12/14/13 at $1,800 | 18 | ||||||
Total Put Options Purchased (Cost $377) | 272 | |||||||
Repurchase Agreements — 13.81% | ||||||||
$22,200 | Bank of America, 0.15%, 1/2/13 (Purchased on 12/31/12, proceeds at maturity $22,200,185 collateralized by U.S. Treasury Notes, 0.88%, 2/28/17 fair value $22,644,065) | 22,200 | ||||||
2,400 | Barclays Capital, Inc., 0.23%, 1/2/13 (Purchased on 12/31/12, proceeds at maturity $2,400,031 collateralized by U.S. Treasury Inflation Protected Bond, 3.88%, 4/15/29 fair value $2,456,841) | 2,400 | ||||||
20,800 | BNP Paribas, 0.17%, 1/2/13 (Purchased on 12/31/12, proceeds at maturity $20,800,196 collateralized by U.S. Treasury Inflation Protected Note, 2.00%, 1/15/14 fair value $21,216,040) | 20,800 | ||||||
14,900 | Credit Suisse Securities, 0.20%, 1/2/13 (Purchased on 12/31/12, proceeds at maturity $14,900,166 collateralized by U.S. Treasury Bond, 4.25%, 11/15/40 fair value $15,201,678) | 14,900 | ||||||
21,300 | Deutsche Bank Securities, Inc., 0.15%, 1/2/13 (Purchased on 12/31/12, proceeds at maturity $21,300,178 collateralized by U.S. Treasury Notes, 0.13%, 12/31/14 fair value $21,726,102) | 21,300 | ||||||
5,100 | JPMorgan Securities LLC, 0.25%, 1/2/13, (Purchased on 12/31/12, proceeds at maturity $5,100,071 collateralized by U.S. Treasury Notes, 1.75%, 7/31/15 fair value $5,209,068) | 5,100 | ||||||
19,400 | Morgan Stanley & Co., LLC, 0.18%, 1/2/13 (Purchased on 12/31/12, proceeds at maturity $19,400,194 collateralized by U.S. Treasury Notes, 1.00% – 1.38%, 2/15/13 – 6/30/19 fair value $19,788,137) | 19,400 | ||||||
Total Repurchase Agreements | 106,100 |
Value (000) | ||||||||
Total Investments (cost $720,377) — 99.75% | $ | 766,358 | ||||||
Other assets in excess of liabilities — 0.25% | 1,892 | |||||||
Net Assets — 100.00% | $ | 768,250 |
* | Security was not Fair valued on December 31, 2012 and represents a Level 1 security. All other stocks were fair valued and represent Level 2 securities. Refer to Note 2 in the Notes to Financial Statements. |
(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) | Rate disclosed represents effective yield at purchase. |
(d) | Variable Rate Security. The rate reflected is the rate in effect on December 31, 2012. |
(e) | The principal amount is disclosed in local currency and the value is disclosed in U.S. Dollars. |
(f) | Zero Coupon Security. Effective rate shown is as of December 31, 2012. |
(g) | 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. This security may be resold in transactions exempt from registration, normally to qualified institutional buyers. This security has been deemed illiquid by the Specialist Manager and represents 0.13% of the Portfolio. |
(h) | The rate disclosed is the rate in effect on December 31, 2012. |
ADR — American Depositary Receipt
GDR — Global Depositary Receipt
MTN — Medium Term Note
NVDR — Non-Voting Depository Receipt
NYS — New York Registered Shares
See accompanying notes to financial statements.
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HC CAPITAL TRUST
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Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
The following table reflects the percentage of the total net assets of the Portfolio attributable to each Specialist Manager; see Note 3 in the Notes to Financial Statements.
The Commodity Returns Strategy Portfolio | PIMCO | SSgA Funds Management, Inc. | Wellington Management Company, LLP; Global National Resources Equity Strategy | Wellington Management Company, LLP; Commodity Futures Strategy | Total | |||||||||||||||
Common Stocks | 0.00 | % | 34.33 | % | 37.14 | % | 0.12 | % | 71.59 | % | ||||||||||
Preferred Stocks | — | 0.81 | % | — | — | 0.81 | % | |||||||||||||
Warrant | — | 0.00 | % | — | — | 0.00 | % | |||||||||||||
Commercial Papers | 1.66 | % | — | — | — | 1.66 | % | |||||||||||||
Corporate Bonds | 0.49 | % | — | — | — | 0.49 | % | |||||||||||||
Asset Backed Securities | 0.88 | % | — | — | — | 0.88 | % | |||||||||||||
Collateralized Mortgage Obligations | 0.95 | % | — | — | — | 0.95 | % | |||||||||||||
Global Bonds | 0.61 | % | — | — | — | 0.61 | % | |||||||||||||
U.S. Government Agency Securities | 4.40 | % | — | — | — | 4.40 | % | |||||||||||||
U.S. Treasury Obligations | 2.76 | % | — | — | — | 2.76 | % | |||||||||||||
Yankee Dollars | 0.65 | % | — | — | — | 0.65 | % | |||||||||||||
Time Deposit | 0.10 | % | — | 0.91 | % | 0.02 | % | 1.03 | % | |||||||||||
Mutual Fund | — | 0.06 | % | — | — | 0.06 | % | |||||||||||||
Call Options Purchased | 0.00 | % | — | — | 0.01 | % | 0.01 | % | ||||||||||||
Put Options Purchased | — | — | — | 0.04 | % | 0.04 | % | |||||||||||||
Repurchase Agreements | 0.98 | % | — | — | 12.83 | % | 13.81 | % | ||||||||||||
Other Assets (Liabilities) | -0.22 | % | 0.18 | % | -0.27 | % | 0.56 | % | 0.25 | % | ||||||||||
Total Net Assets | 13.26 | % | 35.38 | % | 37.78 | % | 13.58 | % | 100.00 | % |
See accompanying notes to financial statements.
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HC CAPITAL TRUST
The Commodity Returns Strategy Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
The following tables reflect the open derivative positions held by the Portfolio as of December 31, 2012.
Long/(Short) Futures
Number of Contracts | Futures Contracts Positions^ | Value (000) | Expiration | Unrealized Appreciation/ (Depreciation) (000) | ||||||||||||
69 | Brent Crude Future | $ | 7,667 | 1/17/13 | $ | 295 | ||||||||||
(9) | Brent Crude Future | (20) | 5/14/13 | 11 | ||||||||||||
9 | Brent Crude Future | 33 | 5/14/13 | (10) | ||||||||||||
(31) | Brent Crude Future | (3,249) | 11/15/13 | (83) | ||||||||||||
(15) | Brent Crude Future | (1,572) | 11/15/13 | (12) | ||||||||||||
(10) | Brent Crude Future | (1,005) | 11/14/14 | (19) | ||||||||||||
13 | Coffee “C” Future | 701 | 3/19/13 | (100) | ||||||||||||
135 | Corn Future | 4,713 | 3/15/13 | (414) | ||||||||||||
(5) | Corn Future | (175) | 3/15/13 | 14 | ||||||||||||
(22) | Corn Future | (660) | 12/16/13 | 36 | ||||||||||||
10 | Cotton No. 2 Future | 376 | 3/7/13 | (4) | ||||||||||||
34 | Gas Oil Future | 3,152 | 1/11/13 | 59 | ||||||||||||
6 | Gas Oil Future | 552 | 4/12/13 | 3 | ||||||||||||
(25) | Gas Oil Future | (2,280) | 6/13/13 | (7) | ||||||||||||
(13) | Gas Oil Future | (1,152) | 6/13/14 | (3) | ||||||||||||
6 | Gas Oil Future | 545 | 8/13/13 | 5 | ||||||||||||
26 | Gas Oil Future | 2,344 | 12/13/13 | 8 | ||||||||||||
4 | Gasoline RBOB Future | 464 | 2/1/13 | 10 | ||||||||||||
9 | Gasoline RBOB Future | 962 | 12/2/13 | (34) | ||||||||||||
1 | Gold 100 Oz. Future | 168 | 2/27/13 | (7) | ||||||||||||
131 | Gold 100 Oz. Future | 21,982 | 4/29/13 | (158) | ||||||||||||
29 | Hard Red Winter Wheat Future | 1,205 | 3/15/13 | (137) | ||||||||||||
(1) | Hard Red Winter Wheat Future | (42) | 7/15/13 | 4 | ||||||||||||
1 | Hard Red Winter Wheat Future | 44 | 12/16/13 | (3) | ||||||||||||
10 | Heating Oil Future | 1,273 | 1/13/13 | (24) | ||||||||||||
(4) | Heating Oil Future | (501) | 12/2/13 | 5 | ||||||||||||
36 | Lean Hogs Future | 1,278 | 4/15/13 | (21) | ||||||||||||
(28) | Lean Hogs Future | (1,096) | 6/17/13 | 24 | ||||||||||||
6 | Live Cattle Future | 314 | 7/1/13 | (3) | ||||||||||||
63 | London Metal Exchange Copper Future | 12,490 | 3/19/13 | (109) | ||||||||||||
31 | London Metal Exchange Lead Future | 1,803 | 3/19/13 | 71 | ||||||||||||
20 | London Metal Exchange Nickel Future | 2,047 | 3/19/13 | (48) | ||||||||||||
78 | London Metal Exchange Zinc Future | 4,054 | 3/19/13 | 85 | ||||||||||||
44 | Mill Wheat Euro Future | 655 | 11/12/13 | (25) | ||||||||||||
100 | Mill Wheat Euro Future | 1,488 | 11/12/13 | 37 | ||||||||||||
(29) | Natural Gas Future | (874) | 3/28/13 | 9 | ||||||||||||
(31) | Natural Gas Future | (950) | 4/30/13 | 10 | ||||||||||||
36 | Natural Gas Future | 1,458 | 12/30/13 | 2 | ||||||||||||
39 | Natural Gas Future | 1,307 | 1/30/13 | (123) | ||||||||||||
17 | Natural Gas Future | 572 | 2/27/13 | 23 | ||||||||||||
(8) | Natural Gas Future | (269) | 2/27/13 | 20 | ||||||||||||
39 | Natural Gas Future | 1,560 | 2/27/14 | 104 | ||||||||||||
(53) | Natural Gas Future | (1,803) | 3/27/13 | 28 | ||||||||||||
61 | Natural Gas Future | 2,214 | 9/27/13 | (133) | ||||||||||||
42 | Platinum Future | 3,239 | 4/29/13 | (147) | ||||||||||||
65 | Primary Aluminum Future | 3,326 | 1/15/13 | (31) | ||||||||||||
19 | Primary Aluminum Future | 1,018 | 12/17/13 | (18) | ||||||||||||
7 | Red Spring Wheat Future | 303 | 3/15/13 | (25) |
See accompanying notes to financial statements.
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HC CAPITAL TRUST
The Commodity Returns Strategy Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Long/(Short) Futures (continued)
Number of Contracts | Futures Contracts Positions^ | Value (000) | Expiration | Unrealized Appreciation/ (Depreciation) (000) | ||||||||||||
25 | Silver Future | $ | 3,778 | 3/27/13 | $ | (349) | ||||||||||
(4) | Soybean Future | (282) | 3/15/13 | 2 | ||||||||||||
37 | Soybean Future | 2,608 | 3/15/13 | (71) | ||||||||||||
4 | Soybean Future | 282 | 3/15/13 | (5) | ||||||||||||
4 | Soybean Future | 280 | 5/15/13 | (26) | ||||||||||||
11 | Soybean Future | 717 | 11/15/13 | (7) | ||||||||||||
90 | Sugar #11 Future | 1,967 | 3/1/13 | (72) | ||||||||||||
(14) | Sugar #11 Future | (306) | 3/1/13 | 13 | ||||||||||||
43 | Wheat Future | 1,673 | 3/15/13 | (263) | ||||||||||||
(23) | Wheat Future | (895) | 3/15/13 | 125 | ||||||||||||
(10) | Wheat Future | (394) | 5/15/13 | 65 | ||||||||||||
26 | Wheat Future | 1,032 | 7/15/13 | (66) | ||||||||||||
5 | Wheat Future | 198 | 7/15/13 | (25) | ||||||||||||
(27) | Wheat Future | (1,108) | 12/16/13 | 69 | ||||||||||||
(15) | Wheat Future | (616) | 12/16/13 | 35 | ||||||||||||
14 | White Sugar Future | 367 | 2/14/13 | (20) | ||||||||||||
38 | WTI Crude Future | 3,489 | 1/23/13 | 172 | ||||||||||||
38 | WTI Crude Future | 3,506 | 2/20/13 | 233 | ||||||||||||
64 | WTI Crude Future | 5,983 | 5/22/13 | 25 | ||||||||||||
(5) | WTI Crude Future | (467) | 5/22/13 | (18) | ||||||||||||
13 | WTI Crude Future | 1,214 | 11/21/13 | 52 | ||||||||||||
5 | WTI Crude Future | 467 | 11/21/13 | 15 | ||||||||||||
15 | WTI Crude Future | 1,401 | 11/20/13 | 11 | ||||||||||||
Net Unrealized Appreciation/(Depreciation) | $ | (940) |
^ | Cash has been pledged as collateral for futures contracts held by the Portfolio. |
Currency Contracts
Contract Amount (Local Currency) | Currency | Counterparty | Settlement Date | Settlement Value (000) | Value on 12/31/12 (000) | Unrealized Appreciation/ (Depreciation) (000) | ||||||||||||||||||
Currencies Purchased | ||||||||||||||||||||||||
47,065 | Brazilian Real. | Barclays Bank | 2/4/13 | $ | 23 | $ | 23 | $ | — | |||||||||||||||
25,827 | Chinese Renminbi . | JP Morgan Chase | 2/1/13 | 4 | 4 | — | ||||||||||||||||||
1,299,000 | Euro | Barclays Bank | 3/18/13 | 1,696 | 1,716 | 20 | ||||||||||||||||||
164,515 | Mexican Peso. | JP Morgan Chase | 4/3/13 | 13 | 13 | — | ||||||||||||||||||
Total Currencies Purchased | $ | 1,736 | $ | 1,756 | $ | 20 | ||||||||||||||||||
Currencies Sold | ||||||||||||||||||||||||
37,000 | British Pound Sterling.. | Deutsche Bank | 3/12/13 | $ | 59 | $ | 60 | $ | (1) | |||||||||||||||
4,713,000 | Euro | Barclays Bank | 3/18/13 | 6,153 | 6,224 | (71) | ||||||||||||||||||
41,000 | Euro | JP Morgan Chase | 3/18/13 | 54 | 54 | — | ||||||||||||||||||
130,000 | Euro | Barclays Bank | 3/18/13 | 171 | 172 | (1) | ||||||||||||||||||
30,000 | Euro | Barclays Bank | 3/18/13 | 40 | 40 | — | ||||||||||||||||||
Total Currencies Sold | $ | 6,477 | $ | 6,550 | $ | (73) | ||||||||||||||||||
Net Unrealized Appreciation/(Depreciation).. | $ | (53) |
Amounts designated as “—” are $0 or have been rounded to $0.
See accompanying notes to financial statements.
75
HC CAPITAL TRUST
The Commodity Returns Strategy Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Written Options
Number of Contracts | Security Description | Exercise Price | Premium (000) | Value (000) | Expiration | Unrealized Appreciation/ (Depreciation) (000) | ||||||||||||||||||
(40) | Call Option on an Interest Rate Swap, with Goldman Sachs International, based on the U.S. Dollar 7 – Year Interest | $ | 1 | $ | (1) | $ | (1) | 3/18/13 | $ | — | ||||||||||||||
(320) | Call Option on an Interest Rate Swap, with Deutsche Bank, based on the U.S. Dollar 5 – Year Interest. | 2 | (37) | (126) | 3/18/13 | (89) | ||||||||||||||||||
(40) | Put Option on an Interest Rate Swap, with Goldman Sachs International, based on the U.S. Dollar 7 – Year Interest | 2 | (1) | (1) | 3/18/13 | — | ||||||||||||||||||
(320) | Put Option on an Interest Rate Swap, with Deutsche Bank, based on the U.S. Dollar 5 – Year Interest.. | 2 | (63) | — | 3/18/13 | 63 | ||||||||||||||||||
(40) | Put Option on an Interest Rate Swap, with Deutsche Bank, based on the U.S. Dollar 5 – Year Interest.. | 2 | (4) | — | 3/18/13 | 4 | ||||||||||||||||||
(11) | Call – Electrolytic Copper Future Option.. | 9,000 | (204) | (186) | 12/3/14 | 18 | ||||||||||||||||||
(20) | Call – Primary Aluminum Future Option | 2,500 | (30) | (35) | 12/4/13 | (5) | ||||||||||||||||||
(2) | Call – Soybean Future Option.. | 1,900 | (5) | — | 2/22/13 | 5 | ||||||||||||||||||
(500) | Put – London Platinum & Palladium Market Index Option | 1,440 | (30) | (40) | 11/29/13 | (10) | ||||||||||||||||||
(100) | Put – London Platinum & Palladium Market Index Option | 1,433 | (3) | (4) | 6/25/13 | (1) | ||||||||||||||||||
(5) | Put – Crude Oil Future Option. | 70 | (37) | (28) | 11/18/15 | 9 | ||||||||||||||||||
(7) | Put – Crude Oil Future Option. | 77 | (34) | (25) | 11/15/13 | 9 | ||||||||||||||||||
(29) | Put – Natural Gas Future Option. | 4 | (35) | (64) | 1/28/13 | (29) | ||||||||||||||||||
(2) | Put – Natural Gas Future Option. | 3 | (1) | (1) | 1/28/13 | — | ||||||||||||||||||
(48) | Put – Sugar No.11 Future Option | 18 | (23) | (8) | 2/15/13 | 15 | ||||||||||||||||||
Total | $ | (508) | $ | (519) | $ | (11) |
Amounts designated as “ — ” are $0 or have been rounded to $0.
See accompanying notes to financial statements.
76
HC CAPITAL TRUST
The Commodity Returns Strategy Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Swap Agreements^
Notional Amount (000) | Swap Premiums Paid (000) | Amount at Value (000) | Expiration Date | Unrealized Appreciation/ (Depreciation) (000) | ||||||||||||||||
Variance Swap Agreement with Goldman Sachs International, based on the Platinum Index, 0.04% (b) | $ | 810 | $ | — | $ | (1) | 11/29/13 | $ | (1) | |||||||||||
Variance Swap Agreement with Goldman Sachs International, based on the Silver Index, 0.09% (b) | (510) | — | — | 11/29/13 | — | |||||||||||||||
Variance Swap Agreement with Deutsche Bank, based on the WTI Crude Future Index, 0.11% (b) | 60 | — | 2 | 5/16/13 | 2 | |||||||||||||||
Variance Swap Agreement with Goldman Sachs International, based on the Dow-Jones UBS Commodity Index, 0.04% | 100 | — | 1 | 4/4/13 | 1 | |||||||||||||||
Variance Swap Agreement with Deutsche Bank, based on the Nickel Index, 0.11% | (60) | — | (2) | 5/1/13 | (2) | |||||||||||||||
Variance Swap Agreement with Goldman Sachs International, based on the Platinum Index, 0.07% | 100 | — | 4 | 5/31/13 | 4 | |||||||||||||||
Variance Swap Agreement with Goldman Sachs International, based on the Platinum Index, 0.05% | 170 | — | 5 | 2/26/13 | 5 | |||||||||||||||
Variance Swap Agreement with Barclays Bank, based on the Platinum Index, 0.05% | 170 | — | 5 | 3/12/13 | 5 | |||||||||||||||
Variance Swap Agreement with JPMorgan Chase Bank, based on the Platinum Index, 0.08% | 170 | — | 2 | 9/30/14 | 2 | |||||||||||||||
Variance Swap Agreement with Deutsche Bank, based on the British Pound, 0.11% | (120) | — | 6 | 6/4/14 | 6 | |||||||||||||||
Variance Swap Agreement with Deutsche Bank, based on the Hardwood Pulp Index, 0.05% | 130 | — | 5 | 6/4/14 | 5 | |||||||||||||||
Variance Swap Agreement with Goldman Sachs International, based on the Platinum Index, 0.07% | (100) | — | (4) | 5/31/13 | (4) | |||||||||||||||
Variance Swap Agreement with JPMorgan Chase Bank, based on the Platinum Index, 0.05% | 440 | — | 13 | 2/20/13 | 13 | |||||||||||||||
Variance Swap Agreement with Goldman Sachs International, based on the Platinum Index, 0.05% | 260 | — | 8 | 2/28/13 | 8 | |||||||||||||||
Variance Swap Agreement with JPMorgan Chase Bank, based on the Platinum Index, 0.05% | 300 | — | 9 | 2/20/13 | 9 | |||||||||||||||
Variance Swap Agreement with JPMorgan Chase Bank, based on the Platinum Index, 0.05% | 500 | — | 16 | 2/20/13 | 16 | |||||||||||||||
Variance Swap Agreement with JPMorgan Chase Bank, based on the C K3 Index, 0.10% | (90) | — | (4) | 4/26/13 | (4) | |||||||||||||||
Variance Swap Agreement with Barclays Bank, based on the SPX Index, 0.07% | 200 | — | 5 | 12/20/13 | 5 | |||||||||||||||
Variance Swap Agreement with Goldman Sachs International, based on the SPX Index, 0.07% | 300 | — | 7 | 12/20/13 | 7 | |||||||||||||||
Variance Swap Agreement with Goldman Sachs International, based on the Platinum Index, 0.06% | 180 | — | 7 | 5/24/13 | 7 | |||||||||||||||
Variance Swap Agreement with Goldman Sachs International, based on the Platinum Index, 0.07% | (170) | — | (6) | 5/24/13 | (6) | |||||||||||||||
Variance Swap Agreement with Barclays Bank, based on the S&P 500 Index (b) | 400 | — | — | 2/15/13 | — | |||||||||||||||
Total Return Swap Agreement with Goldman Sachs International, based on the S&P GSCI Brent Crude Index (b) | 3,004 | — | (212) | 8/30/13 | (212) | |||||||||||||||
Total Return Swap Agreement with Goldman Sachs International, based on the S&P GSCI Brent Crude Index (b) | 4,738 | — | (334) | 7/31/13 | (334) | |||||||||||||||
Total Return Swap Agreement with Goldman Sachs International, based on the S&P GSCI Brent Crude Index (b) | 1,054 | — | (18) | 7/31/13 | (18) | |||||||||||||||
Commodity Swap Agreement with Deutsche Bank, based on the Platinum Index, $1,579 | — | — | (16) | 1/29/13 | (16) | |||||||||||||||
Commodity Swap Agreement with Deutsche Bank, based on the Platinum Index, $1,615 | — | — | 8 | 1/29/13 | 8 |
See accompanying notes to financial statements.
77
HC CAPITAL TRUST
The Commodity Returns Strategy Portfolio
Portfolio of Investments (concluded) — December 31, 2012 (Unaudited)
Swap Agreements^ (continued)
Notional Amount (000) | Swap Premiums Paid (000) | Amount at Value (000) | Expiration Date | Unrealized Appreciation/ (Depreciation) (000) | ||||||||||||||||
Commodity Swap Agreement with Deutsche Bank, based on the Dow-Jones UBS Commodity Total Return Index Index | $ | 9,642 | $ | — | $ | (91) | 2/15/13 | $ | (91) | |||||||||||
Commodity Swap Agreement with JPMorgan Chase Bank, based on the Dow-Jones UBS Commodity Total Return Index Index | 4,335 | (40) | (43) | 2/15/13 | (3) | |||||||||||||||
Commodity Swap Agreement with JPMorgan Chase Bank, based on the Dow-Jones UBS Commodity Total Return Index Index | 3,086 | — | 2 | 2/15/13 | 2 | |||||||||||||||
Commodity Swap Agreement with JPMorgan Chase Bank, based on the Dow-Jones UBS Commodity Total Return Index Index | 10,098 | — | (106) | 2/15/13 | (106) | |||||||||||||||
Commodity Swap Agreement with Deutsche Bank, based on the Dow-Jones UBS Commodity Total Return Index Index | 51,645 | 289 | (515) | 2/15/13 | (804) | |||||||||||||||
Commodity Swap Agreement with JPMorgan Chase Bank, based on the Dow-Jones UBS Commodity Total Return Index Index | 6,742 | (50) | (58) | 2/15/13 | (8) | |||||||||||||||
Commodity Swap Agreement with Goldman Sachs International, based on the Dow-Jones UBS Commodity Total Return Index Index | 18,143 | — | 12 | 2/15/13 | 12 | |||||||||||||||
Interest Rate Swap Agreement with Goldman Sachs International, based on the CME, 1.50% (a) | 3,400 | — | — | 1/4/18 | — | |||||||||||||||
Interest Rate Swap Agreement with Deutsche Bank, based on the CPI Urban Consumers NSA, 1.50% (b) | 500 | 4 | 8 | 7/15/22 | 4 | |||||||||||||||
$ | 203 | $ | (1,285) | $ | (1,488) |
Amounts designated as “ — ” are $0 or have been rounded to $0.
^ | Cash has been pledged as collateral for swap agreements held by the Portfolio. |
(a) | The Portfolio makes periodic payments when credit spreads, as represented by the Reference Entity, widen. |
(b) | The Portfolio receives periodic payments when credit spreads, as represented by the Reference Entity, widen. |
See accompanying notes to financial statements.
78
HC CAPITAL TRUST
The International Equity Portfolio
Portfolio of Investments — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks — 99.61% | ||||||||
Australia — 3.11% | ||||||||
187,734 | AMP Ltd. (Life & Health Insurance) | $ | 952 | |||||
52,363 | APA Group (Gas Utilities) | 302 | ||||||
11,270 | ASX Ltd. (Specialized Finance) | 368 | ||||||
174,197 | Australia & New Zealand Banking Group Ltd. (Diversified Banks) | 4,587 | ||||||
25,343 | Bendigo & Adelaide Bank Ltd. (Regional Banks) | 226 | ||||||
128,779 | CFS Retail Property Trust (Retail Real Estate Investment Trusts) | 257 | ||||||
132,941 | Coca-Cola Amatil Ltd. (Soft Drinks) | 1,868 | ||||||
102,555 | Commonwealth Bank of Australia (Diversified Banks) | 6,677 | ||||||
300,482 | Dexus Property Group (Diversified Real Estate Investment Trusts) | 319 | ||||||
90,418 | GPT Group (Diversified Real Estate Investment Trusts) | 348 | ||||||
137,102 | Harvey Norman Holdings Ltd. (General Merchandise Stores) | 273 | ||||||
68,593 | Iluka Resources Ltd. (Diversified Metals & Mining) | 663 | ||||||
367 | Macquarie Group Ltd. (Investment Banking & Brokerage) | 14 | ||||||
224,109 | Metcash Ltd. (Food Distributors) | 777 | ||||||
217,927 | Mirvac Group (Diversified Real Estate Investment Trusts) | 339 | ||||||
149,725 | National Australia Bank Ltd. (Diversified Banks) | 3,937 | ||||||
28,172 | Newcrest Mining Ltd. (Gold) | 659 | ||||||
76,608 | OZ Minerals Ltd. (Diversified Metals & Mining) | 544 | ||||||
106,579 | QBE Insurance Group Ltd. (Property & Casualty Insurance) | 1,221 | ||||||
80,713 | SP AusNet (Electric Utilities) | 94 | ||||||
144,231 | Stockland Trust Group (Diversified Real Estate Investment Trusts) | 533 | ||||||
47,891 | Sydney Airport (Airport Services) | 169 | ||||||
185,601 | Tabcorp Holdings Ltd. (Casinos & Gaming) | 593 | ||||||
341,852 | Tatts Group Ltd. (Casinos & Gaming) | 1,076 | ||||||
777,411 | Telstra Corp. Ltd. (Integrated Telecommunication Services) | 3,541 | ||||||
173,933 | Toll Holdings Ltd. (Air Freight & Logistics) | 833 | ||||||
337,720 | Transurban Group (Highways & Railtracks) | 2,146 | ||||||
65,640 | Westfield Group (Retail Real Estate Investment Trusts) | 725 | ||||||
188,987 | Westfield Retail Trust (Retail Real Estate Investment Trusts) | 596 | ||||||
204,541 | Westpac Banking Corp. (Diversified Banks) | 5,603 | ||||||
20,416 | WorleyParsons Ltd. (Oil & Gas Equipment & Services) | 503 | ||||||
40,743 | ||||||||
Austria — 0.25% | ||||||||
24,006 | Andritz AG (Industrial Machinery) | 1,542 | ||||||
43,717 | Immofinanz AG (Real Estate Operating Companies) | 184 |
Shares | Security Description | Value (000) | ||||||
Austria (continued) | ||||||||
27,954 | OMV AG (Integrated Oil & Gas) | $ | 1,013 | |||||
21,802 | Telekom Austria AG (Integrated Telecommunication Services) | 166 | ||||||
3,194 | Verbund AG (Electric Utilities) | 79 | ||||||
4,443 | Vienna Insurance Group Wiener Staedtische Versicherung AG (Multi-line Insurance) | 237 | ||||||
3,221 | ||||||||
Belgium — 1.03% | ||||||||
113,145 | Anheuser-Busch InBev NV (Brewers) | 9,852 | ||||||
14,724 | Belgacom SA (Integrated Telecommunication Services) | 433 | ||||||
19,761 | Delhaize Group (Food Retail) | 796 | ||||||
3,912 | Groupe Bruxelles Lambert SA (Multi-Sector Holdings) | 312 | ||||||
9,763 | Telenet Group Holding NV (Alternative Carriers) | 462 | ||||||
28,635 | UCB SA (Pharmaceuticals) | 1,640 | ||||||
13,495 | ||||||||
Bermuda — 0.31% | ||||||||
110,808 | Seadrill Ltd. (Oil & Gas Drilling) | 4,084 | ||||||
Brazil — 0.16% | ||||||||
13,400 | Banco Bradesco SA – Sponsored ADR (Diversified Banks)* | 233 | ||||||
68,500 | Hypermarcas SA (Personal Products) (a)* | 556 | ||||||
128,100 | Oi SA (Integrated Telecommunication Services)* | 573 | ||||||
23,141 | Oi SA – Sponsored ADR (Integrated Telecommunication Services)* | 99 | ||||||
156,522 | Oi SA – Sponsored ADR (Integrated Telecommunication Services)* | 628 | ||||||
2,089 | ||||||||
British Virgin Islands — 0.08% | ||||||||
91,541 | Arcos Dorados Holdings, Inc., Class – A (Restaurants)* | 1,095 | ||||||
Canada — 1.93% | ||||||||
22,400 | Barrick Gold Corp. (Gold)* | 784 | ||||||
46,600 | CAE, Inc. (Aerospace & Defense)* | 472 | ||||||
35,000 | Cameco Corp. (Coal & Consumable Fuels)* | 690 | ||||||
120,224 | Canadian Pacific Railway Ltd. (Railroads)* | 12,217 | ||||||
43,700 | Cenovus Energy, Inc. (Integrated Oil & Gas)* | 1,463 | ||||||
108,800 | Centerra Gold, Inc. (Gold)(b)* | 1,019 | ||||||
67,700 | EnCana Corp. (Oil & Gas Exploration & Production)* | 1,338 | ||||||
18,800 | First Quantum Minerals Ltd. (Diversified Metals & Mining)* | 414 | ||||||
52,700 | Inmet Mining Corp. (Diversified Metals & Mining)* | 3,922 | ||||||
14,200 | Intact Financial Corp. (Property & Casualty Insurance)* | 925 | ||||||
65,700 | Progressive Waste Solutions Ltd. (Environmental & Facilities Services)* | 1,419 | ||||||
9,700 | Telus Corp. (Integrated Telecommunication Services)* | 631 | ||||||
25,294 |
See accompanying notes to financial statements.
79
HC CAPITAL TRUST
The International Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Cayman Islands — 0.02% | ||||||||
100,500 | Stella International Holdings Ltd. (Footwear) | $ | 274 | |||||
China — 2.00% | ||||||||
76,500 | Baidu, Inc. – Sponsored ADR (Internet Software & Services) (a)* | 7,672 | ||||||
2,762,613 | Bank of China Ltd., H Shares (Diversified Banks) | 1,251 | ||||||
2,850,101 | China Construction Bank Corp., H Shares (Diversified Banks) | 2,329 | ||||||
170,000 | China Petroleum & Chemical Corp., H Shares (Integrated Oil & Gas) | 196 | ||||||
1,160,654 | China Resources Land Ltd. (Real Estate Development) | 3,216 | ||||||
142,000 | China Shenhua Energy Co. Ltd., H Shares (Coal & Consumable Fuels) | 636 | ||||||
485,000 | Dongfeng Motor Group Co. Ltd., H Shares (Automobile Manufacturers) | 764 | ||||||
2,795,058 | Industrial & Commercial Bank of China Ltd., H Shares (Diversified Banks) | 2,018 | ||||||
18,000 | Jardine Matheson Holdings Ltd. (Industrial Conglomerates) | 1,123 | ||||||
93,847 | Tencent Holdings Ltd. (Internet Software & Services) | 3,078 | ||||||
1,158,500 | Yue Yuen Industrial (Holdings) Ltd. (Footwear) | 3,918 | ||||||
26,201 | ||||||||
Curaçao — 0.35% | ||||||||
67,011 | Schlumberger Ltd. (Oil & Gas Equipment & Services) | 4,643 | ||||||
Denmark — 0.40% | ||||||||
108 | A.P. Moller – Maersk A/S, Class – A (Marine) | 769 | ||||||
251 | A.P. Moller – Maersk A/S, Class – B (Marine) | 1,901 | ||||||
13,868 | Novo Nordisk A/S, Class – B (Pharmaceuticals) | 2,259 | ||||||
46,017 | TDC A/S (Integrated Telecommunication Services) | 326 | ||||||
5,255 | ||||||||
Finland — 0.40% | ||||||||
13,685 | Elisa Oyj (Integrated Telecommunication Services) | 303 | ||||||
21,641 | Fortum Oyj (Electric Utilities) | 405 | ||||||
18,755 | Orion Oyj, Class – B (Integrated Oil & Gas) | 552 | ||||||
122,214 | Sampo Oyj, A Shares (Multi-line Insurance) | 3,958 | ||||||
5,218 | ||||||||
France — 8.87% | ||||||||
15,670 | Air Liquide SA (Industrial Gases) | 1,980 | ||||||
168,494 | AXA SA (Multi-line Insurance) | 3,025 | ||||||
184,336 | BNP Paribas (Diversified Banks) | 10,493 | ||||||
79,553 | Bouygues SA (Construction & Engineering) | 2,367 | ||||||
24,485 | Casino Guichard-Perrachon SA (Food Retail) | 2,345 | ||||||
39,968 | Compagnie de Saint-Gobain (Building Products) | 1,716 |
Shares | Security Description | Value (000) | ||||||
France — 8.87% | ||||||||
18,029 | Danone SA (Packaged Foods & Meats) | $ | 1,191 | |||||
20,274 | Electricite de France SA (Electric Utilities) | 376 | ||||||
2,280 | Fonciere des Regions (Diversified Real Estate Investment Trusts) | 192 | ||||||
113,498 | GDF Suez (Multi-Utilities) | 2,337 | ||||||
1,856 | Gecina SA (Diversified Real Estate Investment Trusts) | 210 | ||||||
28,043 | JC Decaux SA (Advertising) | 669 | ||||||
7,933 | Klepierre (Retail Real Estate Investment Trusts) | 317 | ||||||
3,846 | L'Oreal SA (Personal Products) | 535 | ||||||
41,454 | Lagardere SCA (Publishing) | 1,394 | ||||||
129,542 | Legrand SA (Electrical Components & Equipment) | 5,497 | ||||||
15,966 | LVMH Moet Hennessy Louis Vuitton SA (Apparel, Accessories & Luxury Goods) | 2,946 | ||||||
93,527 | Pernod Ricard SA (Distillers & Vintners) | 10,850 | ||||||
38,206 | Rexel SA (Trading Companies & Distributors) | 781 | ||||||
76,801 | Sanofi-Aventis (Pharmaceuticals) | 7,282 | ||||||
134,169 | Schneider Electric SA (Electrical Components & Equipment) | 9,826 | ||||||
13,784 | SCOR SE (Reinsurance) | 373 | ||||||
38,343 | Societe Generale (Diversified Banks) (a) | 1,458 | ||||||
23,735 | Suez Environnement Co. (Multi-Utilities) | 286 | ||||||
53,190 | Technip SA (Oil & Gas Equipment & Services) | 6,150 | ||||||
338,025 | Total SA (Integrated Oil & Gas) | 17,586 | ||||||
32,885 | Unibail-Rodamco SE (Retail Real Estate Investment Trusts) | 7,974 | ||||||
162,475 | Vinci SA (Construction & Engineering) | 7,822 | ||||||
229,691 | Vivendi (Movies & Entertainment) | 5,194 | ||||||
29,133 | Zodiac Aerospace (Aerospace & Defense) | 3,225 | ||||||
116,397 | ||||||||
Germany — 11.26% | ||||||||
40,255 | Allianz SE (Multi-line Insurance) | 5,611 | ||||||
7,150 | Axel Springer AG (Publishing) | 306 | ||||||
107,725 | BASF SE (Diversified Chemicals) | 10,185 | ||||||
128,165 | Bayer AG (Pharmaceuticals) | 12,221 | ||||||
11,454 | Bayerische Motoren Werke AG (Automobile Manufacturers) | 1,115 | ||||||
61,243 | Beiersdorf AG (Personal Products) | 5,014 | ||||||
4,650 | Bilfinger Berger SE (Construction & Engineering) | 451 | ||||||
40,354 | Brenntag AG (Trading Companies & Distributors) (b) | 5,316 | ||||||
294,907 | Daimler AG (Automobile Manufacturers) | �� | 16,234 | |||||
45,012 | Deutsche Bank AG (Diversified Capital Markets) | 1,980 | ||||||
92,061 | Deutsche Boerse AG (Specialized Finance) | 5,645 | ||||||
578,809 | Deutsche Post AG (Air Freight & Logistics) (b) | 12,747 | ||||||
287,592 | Deutsche Telekom AG – Registered (Integrated Telecommunication Services) | 3,273 |
See accompanying notes to financial statements.
80
HC CAPITAL TRUST
The International Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Germany (continued) | ||||||||
55,964 | Deutsche Wohnen AG (Real Estate Operating Companies) | $ | 1,039 | |||||
81,504 | E.ON AG (Electric Utilities) | 1,529 | ||||||
15,363 | ElringKlinger AG (Auto Parts & Equipment) | 521 | ||||||
3,201 | Hannover Rueckversicherung AG – Registered (Reinsurance) | 251 | ||||||
49,689 | HeidelbergCement AG (Construction Materials) | 3,040 | ||||||
30,691 | K+S AG – Registered (Fertilizers & Agricultural Chemicals) | 1,425 | ||||||
42,434 | Kabel Deutschland Holding AG (Cable & Satellite) | 3,193 | ||||||
118,908 | Linde AG (Industrial Gases) (b) | 20,800 | ||||||
23,294 | Metro AG (Hypermarkets & Super Centers) | 647 | ||||||
8,555 | MTU Aero Engines Holding AG (Aerospace & Defense) | 781 | ||||||
79,915 | Muenchener Rueckversicherungs-Gesellschaft AG (Reinsurance) | 14,425 | ||||||
22,351 | RWE AG (Multi-Utilities) | 927 | ||||||
69,249 | SAP AG (Application Software) | 5,568 | ||||||
121,829 | Siemens AG (Industrial Conglomerates) | 13,321 | ||||||
3,059 | Wacker Chemie AG (Specialty Chemicals) | 201 | ||||||
147,766 | ||||||||
Hong Kong — 4.56% | ||||||||
3,746,180 | AIA Group Ltd. (Life & Health Insurance) (b) | 14,859 | ||||||
324,062 | BOC Hong Kong (Holdings) Ltd. (Diversified Banks) | 1,019 | ||||||
237,738 | Cathay Pacific Airways Ltd. (Airlines) | 442 | ||||||
155,975 | Cheung Kong (Holdings) Ltd. (Diversified Real Estate Activities) | 2,427 | ||||||
29,759 | Cheung Kong Infrastructure Holdings Ltd. (Electric Utilities) | 184 | ||||||
436,000 | China Merchants Holdings (International) Co. Ltd. (Marine Ports & Services) | 1,424 | ||||||
360,605 | China Mobile Ltd. (Wireless Telecommunication Services) | 4,244 | ||||||
90,583 | CLP Holdings Ltd. (Electric Utilities) | 761 | ||||||
2,058,000 | CNOOC Ltd. (Oil & Gas Exploration & Production) | 4,534 | ||||||
199,458 | Hang Seng Bank Ltd. (Diversified Banks) | 3,079 | ||||||
1,746,337 | HKT Trust and HKT Ltd. (Integrated Telecommunication Services) | 1,715 | ||||||
241,246 | Hong Kong & China Gas Co. Ltd. (Gas Utilities) | 663 | ||||||
52,600 | Hong Kong Exchanges & Clearing Ltd. (Specialized Finance) | 910 | ||||||
279,768 | HongKong Land Holdings Ltd. (Real Estate Operating Companies) | 1,976 | ||||||
111,189 | Hopewell Holdings Ltd. (Diversified Real Estate Activities) | 482 | ||||||
460,000 | Li & Fung Ltd. (Distributors) | 830 | ||||||
400,000 | PCCW Ltd. (Integrated Telecommunication Services) | 177 |
Shares | Security Description | Value (000) | ||||||
Hong Kong (continued) | ||||||||
70,181 | Power Assets Holdings Ltd. (Electric Utilities) | $ | 602 | |||||
397,495 | Sands China Ltd. (Casinos & Gaming) | 1,777 | ||||||
1,373,325 | Sino Land Co. Ltd. (Real Estate Development) | 2,515 | ||||||
733,476 | SJM Holdings Ltd. (Casinos & Gaming) | 1,731 | ||||||
453,063 | Sun Hung Kai Properties Ltd. (Diversified Real Estate Activities) | 6,871 | ||||||
59,696 | Swire Pacific Ltd., Class – A (Diversified Real Estate Activities) | 747 | ||||||
68,888 | The Bank of East Asia Ltd. (Diversified Banks) | 267 | ||||||
446,178 | The Link Real Estate Investment Trust (Retail Real Estate Investment Trusts) | 2,235 | ||||||
77,000 | The Wharf (Holdings) Ltd. (Diversified Real Estate Activities) | 614 | ||||||
150,000 | Tingyi (Cayman Islands) Holding Corp. (Packaged Foods & Meats) | 422 | ||||||
857,330 | Wynn Macau Ltd. (Casinos & Gaming) (a) | 2,361 | ||||||
59,868 | ||||||||
India — 0.05% | ||||||||
14,800 | ICICI Bank Ltd. – Sponsored ADR (Diversified Banks)* | 645 | ||||||
Indonesia — 0.09% | ||||||||
667,500 | PT Astra International Tbk (Automobile Manufacturers) | 529 | ||||||
942,500 | PT Bank Rakyat Indonesia Persero Tbk (Diversified Banks) | 684 | ||||||
1,213 | ||||||||
Ireland — 1.46% | ||||||||
109,963 | Covidien PLC (Health Care Equipment)* | 6,349 | ||||||
213,505 | CRH PLC (Construction Materials) | 4,341 | ||||||
14,603 | Elan Corp. PLC (Pharmaceuticals) | 150 | ||||||
174,300 | Elan Corp. PLC – Sponsored ADR (Pharmaceuticals)* | 1,780 | ||||||
46,046 | Glanbia PLC (Packaged Foods & Meats) (b) | 507 | ||||||
4,607 | Prothena Corp. PLC (Biotechnology) (a)* | 34 | ||||||
79,300 | Ryanair Holdings PLC – Sponsored ADR (Airlines)* | 2,718 | ||||||
274,811 | Smurfit Kappa Group PLC (Paper Packaging) | 3,229 | ||||||
19,108 | ||||||||
Italy — 1.56% | ||||||||
64,152 | Atlantia SpA (Highways & Railtracks) | 1,165 | ||||||
320,276 | Enel SpA (Electric Utilities) | 1,332 | ||||||
448,093 | Eni SpA (Integrated Oil & Gas) | 10,976 | ||||||
242,275 | Fiat Industrial SpA (Construction & Farm Machinery & Heavy Trucks) | 2,654 | ||||||
767,279 | Snam Rete Gas SpA (Gas Utilities) | 3,581 | ||||||
563,731 | Telecom Italia SpA (Integrated Telecommunication Services) | 448 | ||||||
63,421 | Terna – Rete Elettrica Nationale SpA (Electric Utilities) | 254 | ||||||
20,410 |
See accompanying notes to financial statements.
81
HC CAPITAL TRUST
The International Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Japan — 20.31% | ||||||||
800 | ABC-Mart, Inc. (Apparel Retail) | $ | 35 | |||||
1,190 | ACOM Co. Ltd. (Consumer Finance) (a) | 34 | ||||||
4,500 | ADVANTEST Corp. (Semiconductor Equipment) | 71 | ||||||
98,675 | Aeon Co. Ltd. (Hypermarkets & Super Centers) | 1,128 | ||||||
4,700 | Aeon Credit Service Co. Ltd. (Consumer Finance) | 95 | ||||||
2,200 | AEON Mall Co. Ltd. (Real Estate Operating Companies) | 54 | ||||||
4,000 | Air Water, Inc. (Industrial Gases) | 51 | ||||||
5,700 | Aisin Seiki Co. Ltd. (Auto Parts & Equipment) | 178 | ||||||
115,000 | Ajinomoto Co., Inc. (Packaged Foods & Meats) | 1,522 | ||||||
6,606 | Alfresa Holdings Corp. (Health Care Distributors) | 258 | ||||||
34,000 | All Nippon Airways Co. Ltd. (Airlines) | 71 | ||||||
59,250 | Amada Co. Ltd. (Industrial Machinery) | 386 | ||||||
17,000 | Aozora Bank Ltd. (Diversified Banks) | 52 | ||||||
163,380 | Asahi Glass Co. Ltd. (Building Products) | 1,193 | ||||||
11,500 | Asahi Group Holdings Ltd. (Brewers) | 245 | ||||||
206,577 | Asahi Kasei Corp. (Commodity Chemicals) | 1,222 | ||||||
4,500 | ASICS Corp. (Footwear) | 69 | ||||||
72,013 | Astellas Pharma, Inc. (Pharmaceuticals) | 3,238 | ||||||
10,703 | Benesse Holdings, Inc. (Education Services) | 445 | ||||||
77,499 | Bridgestone Corp. (Tires & Rubber) | 2,018 | ||||||
7,000 | Brother Industries Ltd. (Office Electronics) | 75 | ||||||
500 | CALBEE, Inc. (Packaged Foods & Meats) | 35 | ||||||
186,393 | Canon, Inc. (Office Electronics) | 7,226 | ||||||
40,562 | Casio Computer Co. Ltd. (Consumer Electronics) | 356 | ||||||
4,300 | Central Japan Railway Co. (Railroads) | 349 | ||||||
4,443 | Chiyoda Corp. (Construction & Engineering) | 64 | ||||||
19,200 | Chubu Electric Power Co., Inc. (Electric Utilities) | 256 | ||||||
36,846 | Chugai Pharmaceutical Co. Ltd. (Pharmaceuticals) | 706 | ||||||
7,800 | Citizen Holdings Co. Ltd. (Electronic Equipment & Instruments) | 41 | ||||||
11,344 | Coca-Cola West Co. Ltd. (Soft Drinks) | 175 | ||||||
100,808 | Cosmo Oil Co. Ltd. (Oil & Gas Refining & Marketing) | 226 | ||||||
4,700 | Credit Saison Co. Ltd. (Consumer Finance) | 118 | ||||||
91,592 | Dai Nippon Printing Co. Ltd. (Commercial Printing) | 718 | ||||||
9,000 | Daicel Corp. (Specialty Chemicals) | 60 | ||||||
8,000 | Daido Steel Co. Ltd. (Steel) | 41 | ||||||
31,469 | Daihatsu Motor Co. Ltd. (Automobile Manufacturers) | 627 | ||||||
110,602 | Daiichi Sankyo Co. Ltd. (Pharmaceuticals) | 1,698 | ||||||
7,000 | Daikin Industries Ltd. (Building Products) | 240 | ||||||
4,700 | Dainippon Sumitomo Pharma Co. Ltd. (Pharmaceuticals) | 56 |
Shares | Security Description | Value (000) | ||||||
Japan (continued) | ||||||||
5,004 | Daito Trust Construction Co. Ltd. (Diversified Real Estate Activities) | $ | 473 | |||||
15,000 | Daiwa House Industry Co. Ltd. (Diversified Real Estate Activities) | 258 | ||||||
49,000 | Daiwa Securities Group, Inc. (Investment Banking & Brokerage) | 273 | ||||||
3,100 | DeNA Co. Ltd. (Internet Software & Services) | 102 | ||||||
76,200 | Denki Kagaku Kogyo Kabushiki Kaisha (Commodity Chemicals) | 261 | ||||||
30,100 | Denso Corp. (Auto Parts & Equipment) | 1,048 | ||||||
5,400 | Dentsu, Inc. (Advertising) | 145 | ||||||
1,600 | Don Quijote Co. Ltd. (General Merchandise Stores) | 59 | ||||||
10,100 | East Japan Railway Co. (Railroads) | 653 | ||||||
41,330 | Eisai Co. Ltd. (Pharmaceuticals) | 1,726 | ||||||
7,612 | Electric Power Development Co. Ltd. (Independent Power Producers & Energy Traders) | 181 | ||||||
9,443 | FamilyMart Co. Ltd. (Food Retail) | 389 | ||||||
29,600 | Fanuc Ltd. (Industrial Machinery) | 5,508 | ||||||
4,566 | Fast Retailing Co. Ltd. (Apparel Retail) | 1,165 | ||||||
17,000 | Fuji Electric Co. Ltd. (Electrical Components & Equipment) | 42 | ||||||
17,000 | Fuji Heavy Industries Ltd. (Automobile Manufacturers) | 214 | ||||||
75,840 | FUJIFILM Holdings Corp. (Electronic Equipment & Instruments) | 1,526 | ||||||
304,582 | Fujitsu Ltd. (Computer Hardware) | 1,278 | ||||||
23,000 | Fukuoka Financial Group, Inc. (Regional Banks) | 92 | ||||||
19,000 | Furukawa Electric Co. Ltd. (Electrical Components & Equipment) (a) | 43 | ||||||
2,800 | Gree, Inc. (Internet Software & Services) | 43 | ||||||
57,401 | GS Yuasa Corp. (Electrical Components & Equipment) | 231 | ||||||
690 | Hakuhodo DY Holdings, Inc. (Advertising) | 45 | ||||||
52,600 | Hamamatsu Photonics K.K. (Electronic Components) | 1,913 | ||||||
34,000 | Hankyu Hanshin Holdings, Inc. (Railroads) | 176 | ||||||
8,000 | Hino Motors Ltd. (Construction & Farm Machinery & Heavy Trucks) | 72 | ||||||
900 | Hirose Electric Co. Ltd. (Electronic Components) | 108 | ||||||
1,800 | Hisamitsu Pharmaceutical Co., Inc. (Pharmaceuticals) | 90 | ||||||
19,418 | Hitachi Chemical Co. Ltd. (Specialty Chemicals) | 293 | ||||||
3,200 | Hitachi Construction Machinery Co. Ltd. (Construction & Farm Machinery & Heavy Trucks) | 67 | ||||||
1,800 | Hitachi High-Technologies Corp. (Technology Distributors) | 37 | ||||||
736,000 | Hitachi Ltd. (Electronic Equipment & Instruments) | 4,332 | ||||||
5,000 | Hitachi Metals Ltd. (Steel) | 43 |
See accompanying notes to financial statements.
82
HC CAPITAL TRUST
The International Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Japan (continued) | ||||||||
5,400 | Hokkaido Electric Power Co., Inc. (Electric Utilities) | $ | 66 | |||||
5,000 | Hokuriku Electric Power Co. (Electric Utilities) | 59 | ||||||
553,520 | Honda Motor Co. Ltd. (Automobile Manufacturers) | 20,503 | ||||||
71,185 | HOYA Corp. (Electronic Components) | 1,403 | ||||||
7,100 | Hulic Co. Ltd. (Real Estate Operating Companies) | 48 | ||||||
3,600 | IBIDEN Co. Ltd. (Electronic Components) | 58 | ||||||
3,692 | Idemitsu Kosan Co. Ltd. (Oil & Gas Refining & Marketing) | 322 | ||||||
39,000 | IHI Corp. (Industrial Machinery) | 101 | ||||||
65 | INPEX Corp. (Oil & Gas Exploration & Production) | 348 | ||||||
10,600 | Isetan Mitsukoshi Holdings Ltd. (Department Stores) | 104 | ||||||
35,000 | Isuzu Motors Ltd. (Automobile Manufacturers) | 209 | ||||||
245,690 | ITOCHU Corp. (Trading Companies & Distributors) | 2,597 | ||||||
3,977 | ITOCHU Techno-Solutions Corp. (IT Consulting & Other Services) | 164 | ||||||
14,000 | J. Front Retailing Co. Ltd. (Department Stores) | 78 | ||||||
1,714 | Japan Airlines Co. Ltd. (Airlines) (a) | 74 | ||||||
900 | Japan Petroleum Exploration Co. Ltd. (Oil & Gas Exploration & Production) | 32 | ||||||
47 | Japan Prime Realty Investment Corp. (Office Real Estate Investment Trusts) | 136 | ||||||
38 | Japan Real Estate Investment Corp. (Office Real Estate Investment Trusts) | 374 | ||||||
129 | Japan Retail Fund Investment Corp. (Retail Real Estate Investment Trusts) | 237 | ||||||
434,600 | Japan Tobacco, Inc. (Tobacco) | 12,279 | ||||||
14,600 | JFE Holdings, Inc. (Steel) | 275 | ||||||
198,000 | JGC Corp. (Construction & Engineering) | 6,171 | ||||||
7,900 | JS Group Corp. (Building Products) | 176 | ||||||
5,300 | JSR Corp. (Specialty Chemicals) | 101 | ||||||
6,600 | JTEKT Corp. (Industrial Machinery) | 63 | ||||||
62 | Jupiter Telecommunications Co. Ltd. (Cable & Satellite) | 77 | ||||||
373,724 | JX Holdings, Inc. (Oil & Gas Refining & Marketing) | 2,110 | ||||||
25,000 | Kajima Corp. (Construction & Engineering) | 83 | ||||||
40,200 | Kakaku.com, Inc. (Internet Software & Services) | 1,327 | ||||||
7,000 | Kamigumi Co. Ltd. (Marine Ports & Services) | 56 | ||||||
52,398 | Kaneka Corp. (Commodity Chemicals) | 265 | ||||||
6,000 | Kansai Paint Co. Ltd. (Specialty Chemicals) | 65 | ||||||
85,129 | Kao Corp. (Personal Products) | 2,219 | ||||||
42,000 | Kawasaki Heavy Industries Ltd. (Industrial Machinery) | 114 | ||||||
106,208 | KDDI Corp. (Wireless Telecommunication Services) | 7,510 |
Shares | Security Description | Value (000) | ||||||
Japan (continued) | ||||||||
14,000 | Keikyu Corp. (Railroads) | $ | 124 | |||||
17,000 | Keio Corp. (Railroads) | 127 | ||||||
8,000 | Keisei Electric Railway Co. Ltd. (Railroads) | 68 | ||||||
19,567 | Keyence Corp. (Electronic Equipment & Instruments) | 5,427 | ||||||
5,000 | Kikkoman Corp. (Packaged Foods & Meats) | 71 | ||||||
4,000 | Kinden Corp. (Construction & Engineering) | 26 | ||||||
48,000 | Kintetsu Corp. (Railroads) | 197 | ||||||
142,386 | Kirin Holdings Co. Ltd. (Brewers) | 1,676 | ||||||
74,000 | Kobe Steel Ltd. (Steel) (a) | 95 | ||||||
3,000 | Koito Manufacturing Co. Ltd. (Auto Parts & Equipment) | 44 | ||||||
27,800 | Komatsu Ltd. (Construction & Farm Machinery & Heavy Trucks) | 713 | ||||||
3,000 | Konami Corp. (Home Entertainment Software) | 68 | ||||||
77,981 | Konica Minolta Holdings, Inc. (Office Electronics) | 561 | ||||||
73,256 | Kubota Corp. (Construction & Farm Machinery & Heavy Trucks) | 842 | ||||||
57,026 | Kuraray Co. Ltd. (Commodity Chemicals) | 748 | ||||||
3,400 | Kurita Water Industries Ltd. (Industrial Machinery) | 75 | ||||||
4,524 | Kyocera Corp. (Electronic Components) | 410 | ||||||
8,000 | Kyowa Hakko Kirin Co. Ltd. (Pharmaceuticals) | 79 | ||||||
12,700 | Kyushu Electric Power Co., Inc. (Electric Utilities) | 145 | ||||||
9,784 | Lawson, Inc. (Food Retail) | 664 | ||||||
19 | M3, Inc. (Health Care Technology) | 30 | ||||||
700 | Mabuchi Motor Co. Ltd. (Electrical Components & Equipment) | 30 | ||||||
3,300 | Makita Corp. (Industrial Machinery) | 153 | ||||||
336,286 | Marubeni Corp. (Trading Companies & Distributors) | 2,413 | ||||||
6,600 | Marui Group Co. Ltd. (Department Stores) | 53 | ||||||
1,400 | Maruichi Steel Tube Ltd. (Steel) | 32 | ||||||
80,000 | Mazda Motor Corp. (Automobile Manufacturers) (a) | 164 | ||||||
2,000 | McDonald's Holdings Co. (Japan) Ltd. (Restaurants) | 53 | ||||||
4,400 | Medipal Holdings Corp. (Health Care Distributors) | 49 | ||||||
1,800 | MEIJI Holdings Co. Ltd. (Packaged Foods & Meats) | 78 | ||||||
1,700 | Miraca Holdings, Inc. (Health Care Services) | 69 | ||||||
221,189 | Mitsubishi Chemical Holdings Corp. (Diversified Chemicals) | 1,102 | ||||||
260,411 | Mitsubishi Corp. (Trading Companies & Distributors) | 5,015 | ||||||
58,000 | Mitsubishi Electric Corp. (Heavy Electrical Equipment) | 494 | ||||||
37,000 | Mitsubishi Estate Co. Ltd. (Diversified Real Estate Activities) | 886 |
See accompanying notes to financial statements.
83
HC CAPITAL TRUST
The International Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Japan (continued) | ||||||||
12,000 | Mitsubishi Gas Chemical Co., Inc. (Diversified Chemicals) | $ | 74 | |||||
90,000 | Mitsubishi Heavy Industries Ltd. (Industrial Machinery) | 435 | ||||||
3,428 | Mitsubishi Logistics Corp. (Marine Ports & Services) | 49 | ||||||
33,000 | Mitsubishi Materials Corp. (Diversified Metals & Mining) | 113 | ||||||
115,000 | Mitsubishi Motors Corp. (Automobile Manufacturers) (a) | 119 | ||||||
36,750 | Mitsubishi Tanabe Pharma Corp. (Pharmaceuticals) | 479 | ||||||
924,789 | Mitsubishi UFJ Financial Group, Inc. (Diversified Banks) | 5,005 | ||||||
1,730 | Mitsubishi UFJ Lease & Finance Co. Ltd. (Specialized Finance) | 74 | ||||||
282,384 | Mitsui & Co. Ltd. (Trading Companies & Distributors) | 4,233 | ||||||
26,000 | Mitsui Chemicals, Inc. (Commodity Chemicals) | 68 | ||||||
45,000 | Mitsui Fudosan Co. Ltd. (Diversified Real Estate Activities) | 1,101 | ||||||
32,000 | Mitsui O.S.K. Lines Ltd. (Marine) | 95 | ||||||
1,441,797 | Mizuho Financial Group, Inc. (Diversified Banks) | 2,644 | ||||||
32,204 | MS&AD Insurance Group Holdings, Inc. (Property & Casualty Insurance) | 643 | ||||||
78,800 | Murata Manufacturing Co. Ltd. (Electronic Components) | 4,649 | ||||||
3,000 | Nabtesco Corp. (Industrial Machinery) | 67 | ||||||
5,300 | Namco Bandai Holdings, Inc. (Leisure Products) | 69 | ||||||
78,000 | NEC Corp. (Computer Hardware) (a) | 165 | ||||||
3,200 | Nexon Co. Ltd. (Home Entertainment Software) (a) | 32 | ||||||
314,167 | NGK Insulators Ltd. (Industrial Machinery) | 3,727 | ||||||
5,000 | NGK Spark Plug Co. Ltd. (Auto Parts & Equipment) | 67 | ||||||
4,700 | NHK Spring Co. Ltd. (Auto Parts & Equipment) | 39 | ||||||
3,200 | Nidec Corp. (Electronic Components) | 187 | ||||||
19,400 | Nikon Corp. (Photographic Products) | 573 | ||||||
17,774 | Nintendo Co. Ltd. (Home Entertainment Software) | 1,898 | ||||||
42 | Nippon Building Fund, Inc. (Office Real Estate Investment Trusts) | 435 | ||||||
11,000 | Nippon Electric Glass Co. Ltd. (Electronic Components) | 63 | ||||||
140,003 | Nippon Express Co. Ltd. (Trucking) | 579 | ||||||
5,000 | Nippon Meat Packers, Inc. (Packaged Foods & Meats) | 69 | ||||||
16,156 | Nippon Paper Group, Inc. (Paper Products) | 225 | ||||||
226,000 | Nippon Steel & Sumitomo Metal Corp. (Steel) | 557 | ||||||
41,717 | Nippon Telegraph & Telephone Corp. (Integrated Telecommunication Services) | 1,757 |
Shares | Security Description | Value (000) | ||||||
Japan (continued) | ||||||||
48,000 | Nippon Yusen Kabushiki Kaisha (Marine) | $ | 113 | |||||
787,116 | Nissan Motor Co. Ltd. (Automobile Manufacturers) | 7,470 | ||||||
5,500 | Nisshin Seifun Group, Inc. (Packaged Foods & Meats) | 69 | ||||||
1,700 | Nissin Foods Holdings Co. Ltd. (Packaged Foods & Meats) | 64 | ||||||
1,000 | Nitori Holdings Co. Ltd. (Homefurnishing Retail) | 73 | ||||||
26,979 | Nitto Denko Corp. (Specialty Chemicals) | 1,329 | ||||||
23,547 | NKSJ Holdings, Inc. (Property & Casualty Insurance) | 505 | ||||||
3,100 | NOK Corp. (Auto Parts & Equipment) | 49 | ||||||
108,100 | Nomura Holdings, Inc. (Investment Banking & Brokerage) | 640 | ||||||
2,800 | Nomura Real Estate Holdings, Inc. (Diversified Real Estate Activities) | 54 | ||||||
17 | Nomura Real Estate Office Fund, Inc. (Office Real Estate Investment Trusts) | 98 | ||||||
16,650 | Nomura Research Institute Ltd. (IT Consulting & Other Services) | 347 | ||||||
13,000 | NSK Ltd. (Industrial Machinery) | 93 | ||||||
38 | NTT Data Corp. (IT Consulting & Other Services) | 119 | ||||||
1,461 | NTT DoCoMo, Inc. (Wireless Telecommunication Services) | 2,106 | ||||||
34 | NTT Urban Development Corp. (Real Estate Operating Companies) | 33 | ||||||
19,000 | Obayashi Corp. (Construction & Engineering) | 107 | ||||||
19,000 | Odakyu Electric Railway Co. Ltd. (Railroads) | 198 | ||||||
128,005 | Oji Paper Co. Ltd. (Paper Products) | 442 | ||||||
6,500 | Olympus Corp. (Health Care Equipment) (a) | 126 | ||||||
6,000 | OMRON Corp. (Electronic Components) | 144 | ||||||
13,393 | Ono Pharmaceutical Co. Ltd. (Pharmaceuticals) | 684 | ||||||
24,000 | Oracle Corp. Japan (Systems Software) | 1,000 | ||||||
1,500 | Oriental Land Co. Ltd. (Leisure Facilities) | 182 | ||||||
3,120 | ORIX Corp. (Consumer Finance) | 352 | ||||||
56,000 | Osaka Gas Co. Ltd. (Gas Utilities) | 203 | ||||||
2,616 | Otsuka Corp. (IT Consulting & Other Services) | 198 | ||||||
10,800 | Otsuka Holdings Co. Ltd. (Pharmaceuticals) | 304 | ||||||
65,700 | Panasonic Corp. (Consumer Electronics) | 402 | ||||||
2,900 | Park24 Co. Ltd. (Environmental & Facilities Services) | 46 | ||||||
21,600 | Rakuten, Inc. (Internet Retail) | 168 | ||||||
119,481 | Resona Holdings, Inc. (Regional Banks) | 546 | ||||||
19,000 | Ricoh Co. Ltd. (Office Electronics) | 202 | ||||||
1,000 | Rinnai Corp. (Household Appliances) | 68 | ||||||
15,567 | Rohm Co. Ltd. (Semiconductors) | 509 | ||||||
26,667 | Sankyo Co. Ltd. (Leisure Products) | 1,058 | ||||||
1,300 | Sanrio Co. Ltd. (Specialty Stores) | 41 | ||||||
12,003 | Santen Pharmaceutical Co. Ltd. (Pharmaceuticals) | 461 |
See accompanying notes to financial statements.
84
HC CAPITAL TRUST
The International Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Japan (continued) | ||||||||
6,700 | SBI Holdings, Inc. (Asset Management & Custody Banks) | $ | 60 | |||||
6,200 | SECOM Co. Ltd. (Security & Alarm Services) | 312 | ||||||
33,582 | Sega Sammy Holdings, Inc. (Leisure Products) | 567 | ||||||
68,543 | Sekisui Chemical Co. Ltd. (Homebuilding) | 598 | ||||||
87,122 | Sekisui House Ltd. (Homebuilding) | 954 | ||||||
121,963 | Seven & I Holdings Co. Ltd. (Food Retail) | 3,439 | ||||||
33,704 | Seven Bank Ltd. (Regional Banks) | 89 | ||||||
30,000 | Sharp Corp. (Consumer Electronics) | 106 | ||||||
5,000 | Shikoku Electric Power Co., Inc. (Electric Utilities) | 80 | ||||||
7,000 | Shimadzu Corp. (Electronic Equipment & Instruments) | 48 | ||||||
629 | Shimamura Co. Ltd. (Apparel Retail) | 61 | ||||||
2,200 | Shimano, Inc. (Leisure Products) | 141 | ||||||
96,532 | Shimizu Corp. (Construction & Engineering) | 363 | ||||||
76,100 | Shin-Etsu Chemical Co. Ltd. (Specialty Chemicals) | 4,645 | ||||||
45,000 | Shinsei Bank Ltd. (Regional Banks) | 90 | ||||||
48,514 | Shionogi & Co. Ltd. (Pharmaceuticals) | 809 | ||||||
57,594 | Shiseido Co. Ltd. (Personal Products) | 813 | ||||||
42,000 | Showa Denko K.K. (Diversified Chemicals) | 64 | ||||||
32,630 | Showa Shell Sekiyu K.K. (Oil & Gas Refining & Marketing) | 185 | ||||||
6,200 | SMC Corp. (Industrial Machinery) | 1,126 | ||||||
155,000 | SOFTBANK Corp. (Wireless Telecommunication Services) | 5,680 | ||||||
202,236 | Sojitz Corp. (Trading Companies & Distributors) | 299 | ||||||
29,900 | Sony Corp. (Electronic Equipment & Instruments) | 335 | ||||||
233,700 | Sony Financial Holdings, Inc. (Life & Health Insurance) | 4,202 | ||||||
10,383 | Square Enix Holdings Co. Ltd. (Home Entertainment Software) | 132 | ||||||
4,300 | Stanley Electric Co. Ltd. (Auto Parts & Equipment) | 61 | ||||||
14,700 | Start Today Co. Ltd. (Internet Retail) | 136 | ||||||
3,500 | Sumco Corp. (Semiconductor Equipment) (a) | 34 | ||||||
44,000 | Sumitomo Chemical Co. Ltd. (Diversified Chemicals) | 139 | ||||||
241,203 | Sumitomo Corp. (Trading Companies & Distributors) | 3,095 | ||||||
155,300 | Sumitomo Electric Industries Ltd. (Electrical Components & Equipment) | 1,795 | ||||||
16,000 | Sumitomo Heavy Industries Ltd. (Industrial Machinery) | 77 | ||||||
84,726 | Sumitomo Metal Mining Co. Ltd. (Diversified Metals & Mining) | 1,196 | ||||||
146,329 | Sumitomo Mitsui Financial Group, Inc. (Diversified Banks) | 5,319 | ||||||
196,435 | Sumitomo Mitsui Trust Holdings, Inc. (Diversified Banks) | 692 |
Shares | Security Description | Value (000) | ||||||
Japan (continued) | ||||||||
10,521 | Sumitomo Realty & Development Co. Ltd. (Diversified Real Estate Activities) | $ | 351 | |||||
5,100 | Sumitomo Rubber Industries Ltd. (Tires & Rubber) | 62 | ||||||
5,000 | Suruga Bank Ltd. (Regional Banks) | 61 | ||||||
2,100 | Suzuken Co. Ltd. (Health Care Distributors) | 59 | ||||||
54,600 | Suzuki Motor Corp. (Automobile Manufacturers) | 1,429 | ||||||
51,000 | Sysmex Corp. (Health Care Equipment) | 2,349 | ||||||
36,579 | T&D Holdings, Inc. (Life & Health Insurance) | 445 | ||||||
33,000 | Taiheiyo Cement Corp. (Construction Materials) | 91 | ||||||
31,000 | Taisei Corp. (Construction & Engineering) | 103 | ||||||
1,100 | Taisho Pharmaceutical Holdings Co. Ltd. (Pharmaceuticals) | 76 | ||||||
38,630 | Taiyo Nippon Sanso Corp. (Industrial Gases) | 222 | ||||||
8,000 | Takashimaya Co. Ltd. (Department Stores) | 57 | ||||||
129,211 | Takeda Pharmaceutical Co. Ltd. (Pharmaceuticals) | 5,776 | ||||||
3,700 | TDK Corp. (Electronic Components) | 135 | ||||||
149,662 | Teijin Ltd. (Commodity Chemicals) | 373 | ||||||
4,500 | Terumo Corp. (Health Care Equipment) | 179 | ||||||
10,000 | The Bank of Kyoto Ltd. (Regional Banks) | 85 | ||||||
357,250 | The Bank of Yokohama Ltd. (Regional Banks) | 1,661 | ||||||
21,638 | The Chiba Bank Ltd. (Regional Banks) | 127 | ||||||
5,000 | The Chugoku Bank Ltd. (Regional Banks) | 70 | ||||||
8,800 | The Chugoku Electric Power Co., Inc. (Electric Utilities) | 138 | ||||||
253 | The Dai-ichi Life Insurance Co. Ltd. (Life & Health Insurance) | 356 | ||||||
11,000 | The Gunma Bank Ltd. (Regional Banks) | 54 | ||||||
12,000 | The Hachijuni Bank Ltd. (Regional Banks) | 60 | ||||||
15,000 | The Hiroshima Bank Ltd. (Regional Banks) | 63 | ||||||
8,000 | The Iyo Bank Ltd. (Regional Banks) | 63 | ||||||
9,000 | The Japan Steel Works Ltd. (Industrial Machinery) | 59 | ||||||
19,000 | The Joyo Bank Ltd. (Regional Banks) | 90 | ||||||
22,300 | The Kansai Electric Power Co., Inc. (Electric Utilities) | 234 | ||||||
20,000 | The Nishi-Nippon City Bank Ltd. (Regional Banks) | 50 | ||||||
16,000 | The Shizuoka Bank Ltd. (Regional Banks) | 156 | ||||||
3,600 | THK Co. Ltd. (Industrial Machinery) | 65 | ||||||
30,000 | Tobu Railway Co. Ltd. (Railroads) | 159 | ||||||
3,400 | Toho Co. Ltd. (Movies & Entertainment) | 60 | ||||||
12,000 | Toho Gas Co. Ltd. (Gas Utilities) | 64 | ||||||
13,500 | Tohoku Electric Power Co., Inc. (Electric Utilities) (a) | 126 | ||||||
61,336 | Tokio Marine Holdings, Inc. (Property & Casualty Insurance) | 1,709 | ||||||
43,000 | Tokyo Electric Power Co., Inc. (Electric Utilities) (a) | 104 |
See accompanying notes to financial statements.
85
HC CAPITAL TRUST
The International Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Japan (continued) | ||||||||
88,616 | Tokyo Electron Ltd. (Semiconductor Equipment) | $ | 4,088 | |||||
73,000 | Tokyo Gas Co. Ltd. (Gas Utilities) | 334 | ||||||
34,000 | Tokyu Corp. (Railroads) | 192 | ||||||
13,000 | Tokyu Land Corp. (Diversified Real Estate Activities) | 95 | ||||||
45,020 | TonenGeneral Sekiyu K.K. (Oil & Gas Refining & Marketing) | 389 | ||||||
91,911 | Toppan Printing Co. Ltd. (Commercial Printing) | 570 | ||||||
44,000 | Toray Industries, Inc. (Commodity Chemicals) | 270 | ||||||
661,087 | Toshiba Corp. (Computer Hardware) | 2,617 | ||||||
8,000 | TOTO Ltd. (Building Products) | 60 | ||||||
4,500 | Toyo Seikan Kaisha Ltd. (Metal & Glass Containers) | 61 | ||||||
2,527 | Toyo Suisan Kaisha Ltd. (Packaged Foods & Meats) | 67 | ||||||
1,900 | Toyoda Gosei Co. Ltd. (Auto Parts & Equipment) | 39 | ||||||
2,000 | Toyota Boshoku Corp. (Auto Parts & Equipment) | 23 | ||||||
4,800 | Toyota Industries Corp. (Auto Parts & Equipment) | 153 | ||||||
326,600 | Toyota Motor Corp. (Automobile Manufacturers) | 15,254 | ||||||
6,300 | Toyota Tsusho Corp. (Trading Companies & Distributors) | 156 | ||||||
60,657 | Trend Micro, Inc. (Systems Software) | 1,833 | ||||||
1,800 | Tsumura & Co. (Pharmaceuticals) | 54 | ||||||
162,555 | Ube Industries Ltd. (Diversified Chemicals) | 391 | ||||||
3,400 | Unicharm Corp. (Household Products) | 177 | ||||||
3,100 | Ushio, Inc. (Electrical Components & Equipment) | 34 | ||||||
3,529 | USS Co. Ltd. (Automotive Retail) | 368 | ||||||
27,577 | West Japan Railway Co. (Railroads) | 1,087 | ||||||
1,447 | Yahoo Japan Corp. (Internet Software & Services) | 469 | ||||||
2,900 | Yakult Honsha Co. Ltd. (Packaged Foods & Meats) | 127 | ||||||
2,590 | Yamada Denki Co. Ltd. (Computer & Electronics Retail) | 100 | ||||||
6,000 | Yamaguchi Financial Group, Inc. (Regional Banks) | 53 | ||||||
4,700 | Yamaha Corp. (Leisure Products) | 50 | ||||||
8,300 | Yamaha Motor Co. Ltd. (Motorcycle Manufacturers) | 92 | ||||||
11,100 | Yamato Holdings Co. Ltd. (Air Freight & Logistics) | 169 | ||||||
1,200 | Yamato Kogyo Co. Ltd. (Steel) | 35 | ||||||
3,000 | Yamazaki Baking Co. Ltd. (Packaged Foods & Meats) | 33 | ||||||
6,000 | Yaskawa Electric Corp. (Electronic Components) | 58 |
Shares | Security Description | Value (000) | ||||||
Japan (continued) | ||||||||
6,000 | Yokogawa Electric Corp. (Electronic Equipment & Instruments) | $ | 66 | |||||
266,423 | ||||||||
Jersey — 0.66% | ||||||||
278,931 | Glencore International PLC (Diversified Metals & Mining) | 1,611 | ||||||
199,359 | Petrofac Ltd. (Oil & Gas Equipment & Services) | 5,327 | ||||||
36,519 | Wolseley PLC (Trading Companies & Distributors) | 1,746 | ||||||
8,684 | ||||||||
Luxembourg — 0.40% | ||||||||
182,768 | SES – FDR, Class – A (Cable & Satellite) | 5,263 | ||||||
Malaysia — 0.03% | ||||||||
405,400 | Astro Malaysia Holdings Berhad (Broadcasting) (b) | 398 | ||||||
Netherlands — 5.15% | ||||||||
181,212 | Akzo Nobel NV (Diversified Chemicals) | 11,994 | ||||||
9,261 | ASML Holding NV (Semiconductor Equipment) | 3,282 | ||||||
9,261 | ASML Holding NV – NYS (Semiconductor Equipment)* | 596 | ||||||
2,225 | Corio NV (Retail Real Estate Investment Trusts) | 102 | ||||||
27,613 | European Aeronautic Defence & Space Co. (Aerospace & Defense) | 1,088 | ||||||
57,895 | Fugro NV (Oil & Gas Equipment & Services) | 3,435 | ||||||
40,030 | Gemalto NV (Computer Storage & Peripherals) | 3,613 | ||||||
114,470 | Koninklijke Ahold NV (Food Retail) | 1,535 | ||||||
9,107 | Koninklijke Boskalis Westminster NV (Construction & Engineering) | 412 | ||||||
61,522 | Koninklijke DSM NV (Diversified Chemicals) | 3,749 | ||||||
118,917 | Koninklijke Philips Electronics NV (Industrial Conglomerates) | 3,149 | ||||||
34,693 | Koninklijke Vopak NV (Marine Ports & Services) | 2,452 | ||||||
695,042 | Reed Elsevier NV (Publishing) | 10,305 | ||||||
875,552 | TNT NV (Air Freight & Logistics) | 3,415 | ||||||
424,160 | Unilever NV (Packaged Foods & Meats) | 16,228 | ||||||
36,642 | Wolters Kluwer NV (Publishing) | 753 | ||||||
42,863 | Ziggo NV (Alternative Carriers) (b) | 1,401 | ||||||
67,509 | ||||||||
New Zealand — 0.03% | ||||||||
177,940 | Telecom Corp. of New Zealand Ltd. (Integrated Telecommunication Services) | 337 | ||||||
Nigeria — 0.09% | ||||||||
1,201,375 | Nigerian Breweries PLC (Brewers) | 1,131 | ||||||
Norway — 0.47% | ||||||||
8,100 | Gjensidige Forsikring ASA (Multi-line Insurance) | 117 | ||||||
132,911 | Orkla ASA (Industrial Conglomerates) | 1,165 | ||||||
191,355 | Statoil ASA (Integrated Oil & Gas) | 4,825 | ||||||
$ | 6,107 |
See accompanying notes to financial statements.
86
HC CAPITAL TRUST
The International Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Papua New Guinea — 0.17% | ||||||||
306,335 | Oil Search Ltd. (Oil & Gas Exploration & Production) (b) | $ | 2,265 | |||||
Portugal — 0.02% | ||||||||
92,898 | EDP – Energias de Portugal SA (Electric Utilities) | 283 | ||||||
Russia — 0.21% | ||||||||
147,440 | Gazprom OAO – Sponsored GDR (Integrated Oil & Gas)* | 1,435 | ||||||
15,577 | LUKOIL – Sponsored ADR (Integrated Oil & Gas)* | 1,051 | ||||||
18,264 | Sberbank of Russia – Sponsored ADR (Diversified Banks)* | 229 | ||||||
2,715 | ||||||||
Singapore — 1.94% | ||||||||
91,000 | Ascendas Real Estate Investment Trust (Industrial Real Estate Investment Trusts) | 178 | ||||||
93,624 | CapitaCommercial Trust (Office Real Estate Investment Trusts) | 130 | ||||||
112,000 | CapitaMall Trust (Retail Real Estate Investment Trusts) | 197 | ||||||
90,570 | City Developments Ltd. (Diversified Real Estate Activities) | 969 | ||||||
353,101 | ComfortDelGro Corp. Ltd. (Trucking) | 520 | ||||||
333,655 | DBS Group Holdings Ltd. (Diversified Banks) | 4,097 | ||||||
982,703 | Hutchison Port Holdings Trust (Marine Ports & Services) | 787 | ||||||
271,233 | Keppel Corp. Ltd. (Industrial Conglomerates) | 2,477 | ||||||
36,000 | Keppel Land Ltd. (Real Estate Development) | 121 | ||||||
1,143,608 | Olam International Ltd. (Food Distributors) | 1,469 | ||||||
428,000 | SembCorp Industries Ltd. (Industrial Conglomerates) | 1,867 | ||||||
1,063,000 | SembCorp Marine Ltd. (Construction & Farm Machinery & Heavy Trucks) | 4,062 | ||||||
392,139 | Singapore Airlines Ltd. (Airlines) | 3,479 | ||||||
41,601 | Singapore Exchange Ltd. (Specialized Finance) | 242 | ||||||
311,270 | Singapore Press Holdings Ltd. (Publishing) | 1,031 | ||||||
1,299,000 | Singapore Telecommunications Ltd. (Integrated Telecommunication Services) (b) | 3,536 | ||||||
362,443 | Yangzijiang Shipbuilding Holdings Ltd. (Construction & Farm Machinery & Heavy Trucks) | 290 | ||||||
25,452 |
Shares | Security Description | Value (000) | ||||||
South Korea — 1.22% | ||||||||
14,220 | Hana Financial Group, Inc. (Diversified Banks) | $ | 465 | |||||
57,840 | Hynix Semiconductor, Inc. (Semiconductors) (a) | 1,407 | ||||||
5,579 | Hyundai Mobis (Auto Parts & Equipment) (a) | 1,514 | ||||||
77,093 | KT&G Corp. (Tobacco) (a) | 5,836 | ||||||
4,731 | Samsung Electronics Co. Ltd. (Semiconductors) | 6,798 | ||||||
16,020 | ||||||||
Spain — 1.63% | ||||||||
432,384 | Banco Popular Espanol SA (Diversified Banks) | 338 | ||||||
491,305 | Banco Santander SA (Diversified Banks) | 3,993 | ||||||
173,576 | Enagas (Gas Utilities) | 3,718 | ||||||
53,514 | Grifols SA (Biotechnology) (a) | 1,871 | ||||||
2,675 | Grifols SA, Class – B (Biotechnology) (a) | 68 | ||||||
5,515 | Industria de Diseno Textil SA (Apparel Retail) | 775 | ||||||
19,262 | Red Electrica Corporacion SA (Electric Utilities) | 951 | ||||||
91,493 | Tecnicas Reunidas SA (Oil & Gas Equipment & Services) | 4,285 | ||||||
393,209 | Telefonica SA (Integrated Telecommunication Services) | 5,323 | ||||||
21,322 | ||||||||
Sweden — 2.20% | ||||||||
95,424 | Assa Abloy AB, Class – B (Building Products) | 3,594 | ||||||
7,241 | Electrolux AB, Series B (Household Appliances) | 191 | ||||||
188,948 | Hennes & Mauritz AB, B Shares (Apparel Retail) | 6,551 | ||||||
4,544 | Industrivarden AB, C Shares (Multi-Sector Holdings) | 76 | ||||||
7,936 | Investment AB Kinnevik, B Shares (Multi-Sector Holdings) | 166 | ||||||
20,306 | Investor AB, B Shares (Diversified Capital Markets) | 534 | ||||||
35,274 | Lundin Petroleum AB (Oil & Gas Exploration & Production) (a) | 817 | ||||||
119,521 | Nordea Bank AB (Diversified Banks) | 1,150 | ||||||
7,394 | Ratos AB, B Shares (Asset Management & Custody Banks) | 71 | ||||||
57,518 | Securitas AB, B Shares (Security & Alarm Services) | 505 | ||||||
368,504 | Skandinaviska Enskilda Banken AB, Class – A (Diversified Banks) | 3,154 | ||||||
68,985 | Skanska AB, B Shares (Construction & Engineering) | 1,133 | ||||||
78,273 | Svenska Handelsbanken AB, A Shares (Diversified Banks) | 2,815 | ||||||
35,959 | Swedbank AB, A Shares (Diversified Banks) | 707 |
See accompanying notes to financial statements.
87
HC CAPITAL TRUST
The International Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Sweden (continued) | ||||||||
29,643 | Tele2 AB, B Shares (Integrated Telecommunication Services) | $ | 536 | |||||
551,761 | Telefonaktiebolaget LM Ericsson, B Shares (Communications Equipment) | 5,576 | ||||||
199,092 | TeliaSonera AB (Integrated Telecommunication Services) | 1,352 | ||||||
28,928 | ||||||||
Switzerland — 8.39% | ||||||||
402,187 | ABB Ltd. – Registered (Heavy Electrical Equipment) | 8,343 | ||||||
9,340 | Actelion Ltd. – Registered (Biotechnology) | 447 | ||||||
24,602 | Adecco SA – Registered (Human Resource & Employment Services) | 1,303 | ||||||
2,432 | Baloise Holding AG – Registered (Multi-line Insurance) | 210 | ||||||
143 | Banque Cantonale Vaudoise – Registered (Regional Banks) | 76 | ||||||
43,351 | Compagnie Financiere Richemont SA, Class – A (Apparel, Accessories & Luxury Goods) | 3,404 | ||||||
12,718 | DKSH Holding Ltd. (Advertising) (a) | 920 | ||||||
5,724 | Givaudan SA – Registered (Specialty Chemicals) | 6,051 | ||||||
17,599 | Holcim Ltd. – Registered (Construction Materials) | 1,297 | ||||||
10,297 | Lonza Group AG – Registered (Life Sciences Tools & Services) | 558 | ||||||
213,500 | Nestle SA (Packaged Foods & Meats) | 13,933 | ||||||
295,674 | Novartis AG – Registered (Pharmaceuticals) | 18,684 | ||||||
1,384 | Pargesa Holding SA (Multi-Sector Holdings) | 95 | ||||||
5,414 | Partners Group Holding AG (Asset Management & Custody Banks) (b) | 1,252 | ||||||
112,808 | Roche Holding AG – Genusscheine (Pharmaceuticals) | 22,814 | ||||||
5,675 | Sonova Holding AG – Registered (Health Care Equipment) | 631 | ||||||
2,369 | Swiss Prime Site AG – Registered (Real Estate Operating Companies) | 198 | ||||||
16,458 | Swiss Re AG (Reinsurance) | 1,193 | ||||||
6,093 | Swisscom AG – Registered (Integrated Telecommunication Services) | 2,641 | ||||||
6,261 | Syngenta AG – Registered (Fertilizers & Agricultural Chemicals) | 2,530 | ||||||
4,714 | The Swatch Group AG (Apparel, Accessories & Luxury Goods) | 2,391 | ||||||
7,064 | The Swatch Group AG – Registered (Apparel, Accessories & Luxury Goods) | 611 | ||||||
81,344 | Transocean Ltd. (Oil & Gas Drilling) | 3,648 | ||||||
659,472 | UBS AG – Registered (Diversified Capital Markets) | 10,323 | ||||||
24,415 | Zurich Financial Services AG (Multi-line Insurance) | 6,544 | ||||||
110,097 |
Shares | Security Description | Value (000) | ||||||
Taiwan — 0.10% | ||||||||
5,178 | Asustek Computer, Inc. – Sponsored GDR, Registered Shares (Computer Hardware)* | $ | 291 | |||||
28,793 | Hon Hai Precision Industry Co. Ltd. – Sponsored GDR, Registered Shares (Electronic Manufacturing Services)* | 176 | ||||||
47,600 | Taiwan Semiconductor Manufacturing Co. Ltd. – Sponsored ADR (Semiconductors) | 817 | ||||||
1,284 | ||||||||
United Kingdom — 18.50% | ||||||||
10,079 | Admiral Group PLC (Property & Casualty Insurance) | 192 | ||||||
20,037 | Anglo American PLC (Diversified Metals & Mining) | 632 | ||||||
6,224 | ASOS PLC (Internet Retail) (a) | 275 | ||||||
195,873 | AstraZeneca PLC (Pharmaceuticals) | 9,281 | ||||||
868,075 | Aviva PLC (Multi-line Insurance) | 5,371 | ||||||
627,779 | BAE Systems PLC (Aerospace & Defense) | 3,489 | ||||||
943,709 | Balfour Beatty PLC (Construction & Engineering) | 4,247 | ||||||
2,049,903 | Barclays PLC (Diversified Banks) | 8,903 | ||||||
307,664 | BG Group PLC (Integrated Oil & Gas) | 5,131 | ||||||
26,940 | BHP Billiton PLC (Diversified Metals & Mining) | 950 | ||||||
1,308,771 | BP PLC (Integrated Oil & Gas) | 9,098 | ||||||
312,620 | British American Tobacco PLC (Tobacco) | 15,890 | ||||||
154,787 | British Land Co. PLC (Diversified Real Estate Investment Trusts) | 1,430 | ||||||
23,834 | Capital Shopping Centres Group PLC (Retail Real Estate Investment Trusts) | 137 | ||||||
12,256 | Carnival PLC (Hotels, Resorts & Cruise Lines) | 476 | ||||||
259,171 | Centrica PLC (Multi-Utilities) | 1,414 | ||||||
213,966 | Cobham PLC (Aerospace & Defense) | 777 | ||||||
63,559 | Diageo PLC (Distillers & Vintners) | 1,851 | ||||||
1,058,479 | Dixons Retail PLC (Computer & Electronics Retail) (a) | 499 | ||||||
26,100 | Ensco PLC, Class – A (Oil & Gas Drilling)* | 1,547 | ||||||
412,794 | GKN PLC (Auto Parts & Equipment) (b) | 1,557 | ||||||
486,759 | GlaxoSmithKline PLC (Pharmaceuticals) | 10,596 | ||||||
159,500 | Grainger PLC (Real Estate Operating Companies) | 309 | ||||||
26,600 | Greene King PLC (Restaurants) | 273 | ||||||
344,633 | Home Retail Group PLC (Catalog Retail) | 719 | ||||||
1,892,712 | HSBC Holdings PLC (Diversified Banks) | 20,053 | ||||||
811,954 | HSBC Holdings PLC (HK) (Diversified Banks) | 8,606 | ||||||
23,488 | ICAP PLC (Investment Banking & Brokerage) | 119 | ||||||
465,720 | Imperial Tobacco Group PLC (Tobacco) | 18,054 | ||||||
44,886 | Inmarsat PLC (Alternative Carriers) | 433 | ||||||
42,420 | InterContinental Hotels Group PLC (Hotels, Resorts & Cruise Lines) | 1,189 | ||||||
22,891 | Investec PLC (Diversified Capital Markets) | 159 |
See accompanying notes to financial statements.
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HC CAPITAL TRUST
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Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
United Kingdom (continued) | ||||||||
244,280 | J Sainsbury PLC (Food Retail) | $ | 1,382 | |||||
20,009 | John Wood Group PLC (Oil & Gas Equipment & Services) | 239 | ||||||
55,235 | Johnson Matthey PLC (Specialty Chemicals) | 2,169 | ||||||
235,015 | Land Securities Group PLC (Diversified Real Estate Investment Trusts) | 3,135 | ||||||
294,036 | Legal & General Group PLC (Life & Health Insurance) | 705 | ||||||
856,297 | Lloyds Banking Group PLC (Diversified Banks) (a) | 682 | ||||||
321,685 | Marks & Spencer Group PLC (Department Stores) | 2,020 | ||||||
229,907 | Meggitt PLC (Aerospace & Defense) | 1,439 | ||||||
381,711 | Michael Page International PLC (Human Resource & Employment Services) | 2,495 | ||||||
320,467 | National Grid PLC (Multi-Utilities) | 3,675 | ||||||
483,554 | Prudential PLC (Life & Health Insurance) | 6,898 | ||||||
2,761 | RecKitt Benckiser Group PLC (Household Products) | 175 | ||||||
60,284 | Resolution Ltd. (Life & Health Insurance) | 245 | ||||||
553,144 | Rexam PLC (Metal & Glass Containers) | 3,957 | ||||||
112,075 | Rio Tinto PLC (Diversified Metals & Mining) | 6,536 | ||||||
453,728 | Rolls-Royce Holdings PLC (Aerospace & Defense) | 6,507 | ||||||
21,299 | Rotork PLC (Industrial Machinery) | 889 | ||||||
120,987 | Royal Dutch Shell PLC, A Shares (Integrated Oil & Gas) | 4,199 | ||||||
44,946 | Royal Dutch Shell PLC, A Shares (Integrated Oil & Gas) | 1,547 | ||||||
152,701 | Royal Dutch Shell PLC, B Shares (Integrated Oil & Gas) | 5,447 | ||||||
175,387 | RSA Insurance Group PLC (Multi-line Insurance) | 362 | ||||||
136,642 | SABMiller PLC (Brewers) | 6,341 | ||||||
31,609 | SEGRO PLC (Industrial Real Estate Investment Trusts) | 128 | ||||||
11,991 | Severn Trent PLC (Water Utilities) | 309 | ||||||
33,737 | Spirax-Sarco Engineering PLC (Industrial Machinery) | 1,263 | ||||||
47,250 | SSE PLC (Electric Utilities) | 1,099 | ||||||
124,131 | Standard Chartered PLC (Diversified Banks) | 3,212 | ||||||
116,243 | Standard Life PLC (Life & Health Insurance) | 635 | ||||||
2,892,779 | Tesco PLC (Food Retail) | 15,933 | ||||||
87,065 | Tui Travel PLC (Hotels, Resorts & Cruise Lines) | 404 | ||||||
92,953 | Tullow Oil PLC (Oil & Gas Exploration & Production) | 1,938 | ||||||
34,111 | United Utilities Group PLC (Multi-Utilities) | 375 |
Shares or Principal Amount (000) | Security Description | Value (000) | ||||||
United Kingdom (continued) | ||||||||
5,252,986 | Vodafone Group PLC (Wireless Telecommunication Services) | $ | 13,221 | |||||
68,242 | Whitbread PLC (Restaurants) | 2,742 | ||||||
459,030 | William Morrison Supermarkets PLC (Food Retail) | 1,971 | ||||||
245,933 | WPP PLC (Broadcasting) | 3,592 | ||||||
69,433 | Xstrata PLC (Diversified Metals & Mining) | 1,212 | ||||||
242,735 | ||||||||
United States — 0.20% | ||||||||
26,189 | Liberty Global, Inc., Class – A (Cable & Satellite) (a)* | 1,650 | ||||||
27,375 | Virgin Media, Inc. (Cable & Satellite)* | 1,006 | ||||||
2,656 | ||||||||
Total Common Stocks | 1,306,628 | |||||||
Preferred Stocks — 0.47% | ||||||||
Brazil — 0.00% | ||||||||
6,800 | Oi SA – Preferred (Integrated Telecommunication Services)* | 28 | ||||||
Germany — 0.47% | ||||||||
9,329 | Bayerische Motoren Werke AG – Preferred (Automobile Manufacturers) | 604 | ||||||
5,101 | Fuchs Petrolub AG – Preferred (Oil & Gas Exploration & Production) | 381 | ||||||
57,074 | Henkel AG & Co. KGaA – Preferred (Household Products) | 4,695 | ||||||
15,846 | ProSiebenSat.1 Media AG – Preferred (Broadcasting) | 451 | ||||||
6,131 | ||||||||
Total Preferred Stocks | 6,159 | |||||||
Right — 0.00% | ||||||||
Singapore — 0.00% | ||||||||
357,949 | Olam International Ltd., Class – R1 (Food Distributors) (a) | 45 | ||||||
Total Right | 45 | |||||||
Time Deposit — 0.81% | ||||||||
$ 10,560 | State Street Liquidity Management Control System Time Deposit, 0.01, 1/2/13 | 10,560 | ||||||
Total Time Deposit | 10,560 | |||||||
Mutual Fund — 0.04% | ||||||||
512,682 | Alliance Money Market Fund Prime Portfolio, 0.11 (c) | 513 | ||||||
Total Mutual Fund | 513 | |||||||
Total Investments (cost $1,099,883) — 100.93% | 1,323,905 | |||||||
Liabilities in excess of other assets — (0.93)% | (12,176) | |||||||
Net Assets — 100.00% | $ | 1,311,729 |
* | Security was not fair valued on December 31, 2012 and represents a Level 1 security. All other stocks were fair valued and represent Level 2 securities. Refer to Note 2 in the Notes to Financial Statements. |
(a) | Represents non-income producing security. |
See accompanying notes to financial statements.
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HC CAPITAL TRUST
The International Equity Portfolio
Portfolio of Investments (concluded) — December 31, 2012 (Unaudited)
(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) | The rate disclosed is the rate in effect on December 31, 2012. |
ADR — American Depositary Receipt
FDR — Fiduciary Depositary Receipt
GDR — Global Depositary Receipt
NYS — New York Registered Shares
The following table reflects the percentage of the total net assets of the Portfolio attributable to each Specialist Manager; see Note 3 in the Notes to Financial Statements.
The International Equity Portfolio | Artisan Partners LP | Capital Guardian Trust Co. | Causeway Capital Management LLC | SSgA Funds Management, Inc. – MSCI Japan | SSgA Funds Management, Inc. – Quality Yield | Total | ||||||||||||||||||
Common Stocks | 20.64 | % | 20.12 | % | 20.36 | % | 4.99 | % | 33.50 | % | 99.61 | % | ||||||||||||
Preferred Stocks | 0.36 | % | 0.03 | % | — | — | 0.08 | % | 0.47 | % | ||||||||||||||
Right | — | 0.00 | % | — | — | — | 0.00 | % | ||||||||||||||||
Time Deposit | 0.14 | % | 0.54 | % | 0.13 | % | — | — | 0.81 | % | ||||||||||||||
Mutual Fund | — | — | — | — | 0.04 | % | 0.04 | % | ||||||||||||||||
Other Assets (Liabilities) | -0.44 | % | -0.49 | % | -0.21 | % | 0.04 | % | 0.17 | % | -0.93 | % | ||||||||||||
Total Net Assets | 20.70 | % | 20.20 | % | 20.28 | % | 5.03 | % | 33.79 | % | 100.00 | % |
The following table reflects the open derivative positions held by the Portfolio as of December 31, 2012.
Long Futures
Number of Contracts | Futures Contracts Positions^ | Value (000) | Expiration | Unrealized Appreciation/ (Depreciation) (000) | ||||||||||||
5 | Tokyo Price Index Future | $ | 497 | 3/8/13 | $ | 44 | ||||||||||
Net Unrealized Appreciation/(Depreciation) | $ | 44 |
^ | Cash has been pledged as collateral for futures contracts held by the Portfolio. |
Currency Contracts
Contract Amount (Local Currency) | Currency | Counterparty | Settlement Date | Settlement Value (000) | Value on 12/31/12 (000) | Unrealized Appreciation/ (Depreciation) (000) | ||||||||||||||||||
Currencies Purchased | ||||||||||||||||||||||||
98,291,023 | Japanese Yen | Merrill Lynch | 1/7/13 | $ | 1,146 | $ | 1,135 | $ | (11) | |||||||||||||||
49,965,000 | Japanese Yen | Bank of New York | 1/8/13 | 579 | 577 | (2) | ||||||||||||||||||
69,789,710 | Japanese Yen | Morgan Stanley | 1/8/13 | 812 | 806 | (6) | ||||||||||||||||||
Total Currencies Purchased | $ | 2,537 | $ | 2,518 | $ | (19) | ||||||||||||||||||
Currencies Sold | ||||||||||||||||||||||||
1,936,000 | Euro | Bank of America | 1/17/13 | $ | 2,549 | $ | 2,556 | $ | (7) | |||||||||||||||
792,500 | Euro | State Street | 2/19/13 | 1,013 | 1,046 | (33) | ||||||||||||||||||
1,557,800 | Euro | State Street | 2/19/13 | 1,992 | 2,057 | (65) | ||||||||||||||||||
2,330,400 | Euro | State Street | 2/19/13 | 2,972 | 3,077 | (105) | ||||||||||||||||||
74,637,600 | Japanese Yen | Mellon Bank | 1/7/13 | 867 | 862 | 5 | ||||||||||||||||||
49,965,000 | Japanese Yen | Bank of New York | 1/8/13 | 608 | 577 | 31 | ||||||||||||||||||
61,612,000 | Japanese Yen | Bank of New York | 2/7/13 | 714 | 711 | 3 | ||||||||||||||||||
320,251,000 | Japanese Yen | UBS Warburg | 1/18/13 | 3,813 | 3,698 | 115 | ||||||||||||||||||
Total Currencies Sold | $ | 14,528 | $ | 14,584 | $ | (56) | ||||||||||||||||||
Net Unrealized Appreciation/(Depreciation) | $ | (75) |
See accompanying notes to financial statements.
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HC CAPITAL TRUST
The Institutional International Equity Portfolio
Portfolio of Investments — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks — 98.61% | ||||||||
Australia — 3.68% | ||||||||
274,530 | AMP Ltd. (Life & Health Insurance) | $ | 1,392 | |||||
76,572 | APA Group (Gas Utilities) | 442 | ||||||
16,480 | ASX Ltd. (Specialized Finance) | 538 | ||||||
254,734 | Australia & New Zealand Banking Group Ltd. (Diversified Banks) | 6,707 | ||||||
37,060 | Bendigo & Adelaide Bank Ltd. (Regional Banks) | 330 | ||||||
150,610 | BHP Billiton Ltd. (Diversified Metals & Mining) | 5,878 | ||||||
96,824 | carsales.com Ltd. (Internet Software & Services) | 745 | ||||||
188,317 | CFS Retail Property Trust (Retail Real Estate Investment Trusts) | 377 | ||||||
205,129 | Coca-Cola Amatil Ltd. (Soft Drinks) | 2,882 | ||||||
149,970 | Commonwealth Bank of Australia (Diversified Banks) | 9,765 | ||||||
439,404 | Dexus Property Group (Diversified Real Estate Investment Trusts) | 467 | ||||||
172,588 | DuluxGroup Ltd. (Diversified Banks) | 684 | ||||||
470,966 | Evolution Mining Ltd. (Specialty Chemicals) (a) | 847 | ||||||
202,648 | Fortescue Metals Group Ltd. (Steel) | 1,010 | ||||||
132,221 | GPT Group (Diversified Real Estate Investment Trusts) | 509 | ||||||
200,489 | Harvey Norman Holdings Ltd. (General Merchandise Stores) | 399 | ||||||
117,167 | Iluka Resources Ltd. (Diversified Metals & Mining) | 1,132 | ||||||
24,983 | Macquarie Group Ltd. (Investment Banking & Brokerage) | 936 | ||||||
327,721 | Metcash Ltd. (Food Distributors) | 1,136 | ||||||
318,681 | Mirvac Group (Diversified Real Estate Investment Trusts) | 496 | ||||||
58,790 | Monadelphous Group Ltd. (Construction & Engineering) | 1,513 | ||||||
245,023 | National Australia Bank Ltd. (Diversified Banks) | 6,443 | ||||||
41,167 | Newcrest Mining Ltd. (Gold) | 963 | ||||||
112,027 | OZ Minerals Ltd. (Diversified Metals & Mining) | 795 | ||||||
278,179 | Primary Health Care Ltd. (Health Care Services) | 1,160 | ||||||
155,204 | QBE Insurance Group Ltd. (Property & Casualty Insurance) | 1,778 | ||||||
109,029 | Seek Ltd. (Human Resource & Employment Services) | 805 | ||||||
11,798 | Shopping Centres Australasia Property Group (Retail Real Estate Investment Trusts) (a) | 18 | ||||||
160,680 | SP AusNet (Electric Utilities) | 187 | ||||||
210,914 | Stockland Trust Group (Diversified Real Estate Investment Trusts) | 780 | ||||||
70,033 | Sydney Airport (Airport Services) | 247 | ||||||
271,410 | Tabcorp Holdings Ltd. (Casinos & Gaming) | 867 |
Shares | Security Description | Value (000) | ||||||
Australia (continued) | ||||||||
499,901 | Tatts Group Ltd. (Casinos & Gaming) | $ | 1,574 | |||||
1,685,890 | Telstra Corp. Ltd. (Integrated Telecommunication Services) | 7,680 | ||||||
254,348 | Toll Holdings Ltd. (Air Freight & Logistics) | 1,219 | ||||||
493,858 | Transurban Group (Highways & Railtracks) | 3,138 | ||||||
96,375 | Westfield Group (Retail Real Estate Investment Trusts) | 1,064 | ||||||
276,362 | Westfield Retail Trust (Retail Real Estate Investment Trusts) | 872 | ||||||
412,784 | Westpac Banking Corp. (Diversified Banks) | 11,307 | ||||||
58,991 | Woolworths Ltd. (Food Retail) | 1,809 | ||||||
29,873 | WorleyParsons Ltd. (Oil & Gas Equipment & Services) | 736 | ||||||
81,627 | ||||||||
Austria — 0.24% | ||||||||
4,484 | AMS AG (Semiconductors) | 483 | ||||||
37,336 | Andritz AG (Industrial Machinery) | 2,399 | ||||||
63,929 | Immofinanz AG (Real Estate Operating Companies) | 269 | ||||||
40,879 | OMV AG (Integrated Oil & Gas) | 1,481 | ||||||
31,882 | Telekom Austria AG (Integrated Telecommunication Services) | 242 | ||||||
4,670 | Verbund AG (Electric Utilities) | 116 | ||||||
6,003 | Vienna Insurance Group Wiener Staedtische Versicherung AG (Multi-line Insurance) | 321 | ||||||
5,311 | ||||||||
Belgium — 0.97% | ||||||||
20,007 | Ageas (Multi-line Insurance) | 591 | ||||||
164,864 | Anheuser-Busch InBev NV (Brewers) | 14,356 | ||||||
21,590 | Belgacom SA (Integrated Telecommunication Services) | 635 | ||||||
62,460 | Delhaize Group (Food Retail) | 2,516 | ||||||
5,735 | Groupe Bruxelles Lambert SA (Multi-Sector Holdings) | 457 | ||||||
13,271 | Telenet Group Holding NV (Alternative Carriers) | 627 | ||||||
42,180 | UCB SA (Pharmaceuticals) | 2,416 | ||||||
21,598 | ||||||||
Bermuda — 0.26% | ||||||||
159,036 | Seadrill Ltd. (Oil & Gas Drilling) | 5,861 | ||||||
Brazil — 0.13% | ||||||||
17,800 | Banco Bradesco SA – Sponsored ADR (Diversified Banks)* | 309 | ||||||
87,400 | Hypermarcas SA (Personal Products) (a)* | 710 | ||||||
231,000 | Oi SA (Integrated Telecommunication Services)* | 1,034 | ||||||
28,035 | Oi SA – Sponsored ADR (Integrated Telecommunication Services)* | 120 | ||||||
181,786 | Oi SA – Sponsored ADR (Integrated Telecommunication Services)* | 729 | ||||||
2,902 |
See accompanying notes to financial statements.
91
HC CAPITAL TRUST
The Institutional International Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
British Virgin Islands — 0.07% | ||||||||
133,842 | Arcos Dorados Holdings, Inc., Class – A (Restaurants)* | $ | 1,601 | |||||
Canada — 1.75% | ||||||||
32,700 | Barrick Gold Corp. (Gold)* | 1,145 | ||||||
65,500 | CAE, Inc. (Aerospace & Defense)* | 663 | ||||||
50,300 | Cameco Corp. (Coal & Consumable Fuels)* | 991 | ||||||
182,201 | Canadian Pacific Railway Ltd. (Railroads)* | 18,515 | ||||||
75,300 | Cenovus Energy, Inc. (Integrated Oil & Gas)* | 2,521 | ||||||
180,100 | Centerra Gold, Inc. (Gold) (b)* | 1,686 | ||||||
108,000 | EnCana Corp. (Oil & Gas Exploration & Production)* | 2,135 | ||||||
25,600 | First Quantum Minerals Ltd. (Diversified Metals & Mining)* | 564 | ||||||
79,400 | Inmet Mining Corp. (Diversified Metals & Mining)* | 5,910 | ||||||
24,300 | Intact Financial Corp. (Property & Casualty Insurance)* | 1,583 | ||||||
80,900 | Progressive Waste Solutions Ltd. (Environmental & Facilities Services)* | 1,748 | ||||||
19,500 | Telus Corp. (Integrated Telecommunication Services)* | 1,268 | ||||||
38,729 | ||||||||
Cayman Islands — 0.05% | ||||||||
195,500 | AAC Technologies Holdings, Inc. (Communications Equipment) | 693 | ||||||
151,500 | Stella International Holdings Ltd. (Footwear) | 413 | ||||||
1,106 | ||||||||
China — 1.79% | ||||||||
114,330 | Baidu, Inc. – Sponsored ADR (Internet Software & Services) (a)* | 11,466 | ||||||
3,967,335 | Bank of China Ltd., H Shares (Diversified Banks) | 1,797 | ||||||
4,163,666 | China Construction Bank Corp., H Shares (Diversified Banks) | 3,402 | ||||||
224,000 | China Petroleum & Chemical Corp., H Shares (Integrated Oil & Gas) | 258 | ||||||
1,695,809 | China Resources Land Ltd. (Real Estate Development) | 4,699 | ||||||
204,000 | China Shenhua Energy Co. Ltd., H Shares (Coal & Consumable Fuels) | 914 | ||||||
714,000 | Dongfeng Motor Group Co. Ltd., H Shares (Automobile Manufacturers) | 1,124 | ||||||
4,029,952 | Industrial & Commercial Bank of China Ltd., H Shares (Diversified Banks) | 2,909 | ||||||
49,200 | Jardine Matheson Holdings Ltd. (Industrial Conglomerates) | 3,070 | ||||||
137,773 | Tencent Holdings Ltd. (Internet Software & Services) | 4,518 | ||||||
1,630,500 | Yue Yuen Industrial (Holdings) Ltd. (Footwear) | 5,515 | ||||||
39,672 |
Shares | Security Description | Value (000) | ||||||
Curaçao — 0.31% | ||||||||
100,605 | Schlumberger Ltd. (Oil & Gas Equipment & Services) | $ | 6,971 | |||||
Denmark — 0.76% | ||||||||
158 | A.P. Moller – Maersk A/S, Class – A (Marine) | 1,125 | ||||||
368 | A.P. Moller – Maersk A/S, Class – B (Marine) | 2,787 | ||||||
83,205 | Coloplast A/S, Class – B (Health Care Supplies) | 4,081 | ||||||
51,631 | Novo Nordisk A/S, Class – B (Pharmaceuticals) | 8,409 | ||||||
61,700 | TDC A/S (Integrated Telecommunication Services) | 437 | ||||||
16,839 | ||||||||
Finland — 0.39% | ||||||||
20,066 | Elisa Oyj (Integrated Telecommunication Services) | 445 | ||||||
31,732 | Fortum Oyj (Electric Utilities) | 594 | ||||||
6,054 | Kone Oyj, Class – B (Industrial Machinery) | 448 | ||||||
27,500 | Orion Oyj, Class – B (Integrated Oil & Gas) | 809 | ||||||
199,970 | Sampo Oyj, A Shares (Multi-line Insurance) | 6,475 | ||||||
8,771 | ||||||||
France — 8.67% | ||||||||
21,487 | Air Liquide SA (Industrial Gases) | 2,714 | ||||||
377,038 | AXA SA (Multi-line Insurance) | 6,769 | ||||||
308,008 | BNP Paribas (Diversified Banks) | 17,533 | ||||||
121,112 | Bouygues SA (Construction & Engineering) | 3,604 | ||||||
36,241 | Casino Guichard-Perrachon SA (Food Retail) | 3,471 | ||||||
69,568 | Compagnie de Saint-Gobain (Building Products) | 2,987 | ||||||
37,609 | Compagnie Generale des Etablissements Michelin, Class – B (Tires & Rubber) | 3,603 | ||||||
90,928 | Credit Agricole SA (Diversified Banks) (a) | 740 | ||||||
34,378 | Danone SA (Packaged Foods & Meats) | 2,272 | ||||||
29,728 | Electricite de France SA (Electric Utilities) | 551 | ||||||
3,342 | Fonciere des Regions (Diversified Real Estate Investment Trusts) | 281 | ||||||
165,972 | GDF Suez (Multi-Utilities) | 3,418 | ||||||
2,721 | Gecina SA (Diversified Real Estate Investment Trusts) | 308 | ||||||
41,248 | JC Decaux SA (Advertising) | 984 | ||||||
11,632 | Klepierre (Retail Real Estate Investment Trusts) | 465 | ||||||
11,474 | L'Oreal SA (Personal Products) | 1,596 | ||||||
60,619 | Lagardere SCA (Publishing) | 2,039 | ||||||
188,109 | Legrand SA (Electrical Components & Equipment) | 7,982 | ||||||
23,452 | LVMH Moet Hennessy Louis Vuitton SA (Apparel, Accessories & Luxury Goods) | 4,328 | ||||||
137,476 | Pernod Ricard SA (Distillers & Vintners) | 15,948 | ||||||
55,869 | Rexel SA (Trading Companies & Distributors) | 1,143 |
See accompanying notes to financial statements.
92
HC CAPITAL TRUST
The Institutional International Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
France (continued) | ||||||||
131,477 | Sanofi-Aventis (Pharmaceuticals) | $ | 12,467 | |||||
198,521 | Schneider Electric SA (Electrical Components & Equipment) | 14,538 | ||||||
20,211 | SCOR SE (Reinsurance) | 546 | ||||||
146,657 | Societe Generale (Diversified Banks) (a) | 5,576 | ||||||
34,802 | Suez Environnement Co. (Multi-Utilities) | 420 | ||||||
72,971 | Technip SA (Oil & Gas Equipment & Services) | 8,437 | ||||||
14,726 | Teleperformance (Research and Consulting Services) | 535 | ||||||
597,386 | Total SA (Integrated Oil & Gas) | 31,080 | ||||||
50,093 | Unibail-Rodamco SE (Retail Real Estate Investment Trusts) | 12,146 | ||||||
237,592 | Vinci SA (Construction & Engineering) | 11,438 | ||||||
335,884 | Vivendi (Movies & Entertainment) | 7,596 | ||||||
42,878 | Zodiac Aerospace (Aerospace & Defense) | 4,747 | ||||||
192,262 | ||||||||
Germany — 10.95% | ||||||||
75,834 | Allianz SE (Multi-line Insurance) | 10,570 | ||||||
10,456 | Axel Springer AG (Publishing) | 448 | ||||||
196,065 | BASF SE (Diversified Chemicals) | 18,538 | ||||||
237,500 | Bayer AG (Pharmaceuticals) | 22,646 | ||||||
14,646 | Bayerische Motoren Werke AG (Automobile Manufacturers) | 1,425 | ||||||
87,405 | Beiersdorf AG (Personal Products) | 7,156 | ||||||
6,171 | Bilfinger Berger SE (Construction & Engineering) | 598 | ||||||
60,774 | Brenntag AG (Trading Companies & Distributors) (b) | 8,006 | ||||||
13,536 | Continental AG (Auto Parts & Equipment) | 1,577 | ||||||
430,896 | Daimler AG (Automobile Manufacturers) | 23,721 | ||||||
78,308 | Deutsche Bank AG (Diversified Capital Markets) | 3,445 | ||||||
138,699 | Deutsche Boerse AG (Specialized Finance) | 8,504 | ||||||
844,286 | Deutsche Post AG (Air Freight & Logistics) (b) | 18,594 | ||||||
420,900 | Deutsche Telekom AG – Registered (Integrated Telecommunication Services) | 4,790 | ||||||
80,281 | Deutsche Wohnen AG (Real Estate Operating Companies) | 1,490 | ||||||
119,185 | E.ON AG (Electric Utilities) | 2,235 | ||||||
16,357 | ElringKlinger AG (Auto Parts & Equipment) | 555 | ||||||
34,346 | Hannover Rueckversicherung AG – Registered (Reinsurance) | 2,690 | ||||||
84,115 | HeidelbergCement AG (Construction Materials) | 5,147 | ||||||
44,881 | K+S AG – Registered (Fertilizers & Agricultural Chemicals) | 2,084 | ||||||
63,093 | Kabel Deutschland Holding AG (Cable & Satellite) | 4,748 | ||||||
13,819 | Lanxess AG (Diversified Chemicals) | 1,218 | ||||||
176,216 | Linde AG (Industrial Gases) (b) | 30,825 |
Shares | Security Description | Value (000) | ||||||
Germany (continued) | ||||||||
34,063 | Metro AG (Hypermarkets & Super Centers) | $ | 946 | |||||
12,516 | MTU Aero Engines Holding AG (Aerospace & Defense) | 1,142 | ||||||
135,739 | Muenchener Rueckversicherungs-Gesellschaft AG (Reinsurance) | 24,502 | ||||||
54,581 | RWE AG (Multi-Utilities) | 2,264 | ||||||
131,185 | SAP AG (Application Software) | 10,548 | ||||||
187,241 | Siemens AG (Industrial Conglomerates) | 20,473 | ||||||
7,447 | Volkswagen AG – Preferred (Automobile Manufacturers) | 1,708 | ||||||
4,411 | Wacker Chemie AG (Specialty Chemicals) | 290 | ||||||
242,883 | ||||||||
Hong Kong — 4.33% | ||||||||
5,568,718 | AIA Group Ltd. (Life & Health Insurance) (b) | 22,088 | ||||||
476,723 | BOC Hong Kong (Holdings) Ltd. (Diversified Banks) | 1,500 | ||||||
347,651 | Cathay Pacific Airways Ltd. (Airlines) | 646 | ||||||
369,025 | Cheung Kong (Holdings) Ltd. (Diversified Real Estate Activities) | 5,742 | ||||||
43,534 | Cheung Kong Infrastructure Holdings Ltd. (Electric Utilities) | 269 | ||||||
650,000 | China Merchants Holdings (International) Co. Ltd. (Marine Ports & Services) | 2,123 | ||||||
527,376 | China Mobile Ltd. (Wireless Telecommunication Services) | 6,206 | ||||||
132,417 | CLP Holdings Ltd. (Electric Utilities) | 1,113 | ||||||
3,132,000 | CNOOC Ltd. (Oil & Gas Exploration & Production) | 6,900 | ||||||
126,000 | Galaxy Entertainment Group Ltd. (Casinos & Gaming) (a) | 505 | ||||||
294,525 | Hang Seng Bank Ltd. (Diversified Banks) | 4,547 | ||||||
2,555,905 | HKT Trust and HKT Ltd. (Integrated Telecommunication Services) | 2,511 | ||||||
349,175 | Hong Kong & China Gas Co. Ltd. (Gas Utilities) | 959 | ||||||
76,900 | Hong Kong Exchanges & Clearing Ltd. (Specialized Finance) | 1,331 | ||||||
416,543 | HongKong Land Holdings Ltd. (Real Estate Operating Companies) | 2,942 | ||||||
162,595 | Hopewell Holdings Ltd. (Diversified Real Estate Activities) | 705 | ||||||
678,000 | Li & Fung Ltd. (Distributors) | 1,223 | ||||||
343,000 | New World Development Co. Ltd. (Diversified Real Estate Activities) | 543 | ||||||
585,000 | PCCW Ltd. (Integrated Telecommunication Services) | 259 | ||||||
102,319 | Power Assets Holdings Ltd. (Electric Utilities) | 878 | ||||||
586,154 | Sands China Ltd. (Casinos & Gaming) | 2,621 | ||||||
2,043,937 | Sino Land Co. Ltd. (Real Estate Development) | 3,743 | ||||||
1,988,524 | SJM Holdings Ltd. (Casinos & Gaming) | 4,693 | ||||||
666,081 | Sun Hung Kai Properties Ltd. (Diversified Real Estate Activities) | 10,102 |
See accompanying notes to financial statements.
93
HC CAPITAL TRUST
The Institutional International Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Hong Kong (continued) | ||||||||
129,304 | Swire Pacific Ltd., Class – A (Diversified Real Estate Activities) | $ | 1,617 | |||||
100,738 | The Bank of East Asia Ltd. (Diversified Banks) | 391 | ||||||
646,771 | The Link Real Estate Investment Trust (Retail Real Estate Investment Trusts) | 3,239 | ||||||
336,300 | The Wharf (Holdings) Ltd. (Diversified Real Estate Activities) | 2,680 | ||||||
212,000 | Tingyi (Cayman Islands) Holding Corp. (Packaged Foods & Meats) | 596 | ||||||
1,270,432 | Wynn Macau Ltd. (Casinos & Gaming) (a) | 3,498 | ||||||
96,170 | ||||||||
India — 0.04% | ||||||||
18,500 | ICICI Bank Ltd. – Sponsored ADR (Diversified Banks)* | 807 | ||||||
Indonesia — 0.08% | ||||||||
982,500 | PT Astra International Tbk (Automobile Manufacturers) | 779 | ||||||
1,367,500 | PT Bank Rakyat Indonesia Persero Tbk (Diversified Banks) | 992 | ||||||
1,771 | ||||||||
Ireland — 1.27% | ||||||||
168,239 | Covidien PLC (Health Care Equipment)* | 9,714 | ||||||
313,992 | CRH PLC (Construction Materials) | 6,385 | ||||||
19,177 | Elan Corp. PLC (Pharmaceuticals) | 197 | ||||||
260,300 | Elan Corp. PLC – Sponsored ADR (Pharmaceuticals)* | 2,658 | ||||||
67,094 | Glanbia PLC (Packaged Foods & Meats) (b) | 739 | ||||||
6,816 | Prothena Corp. PLC (Biotechnology) (a)* | 50 | ||||||
115,400 | Ryanair Holdings PLC – Sponsored ADR (Airlines)* | 3,956 | ||||||
379,207 | Smurfit Kappa Group PLC (Paper Packaging) | 4,455 | ||||||
28,154 | ||||||||
Isle of Man — 0.02% | ||||||||
69,642 | Playtech Ltd. (Construction Materials) (a) | 483 | ||||||
Israel — 0.04% | ||||||||
68,542 | Israel Chemicals Ltd. (Fertilizers & Agricultural Chemicals) | 826 | ||||||
Italy — 1.56% | ||||||||
94,066 | Atlantia SpA (Highways & Railtracks) | 1,708 | ||||||
469,617 | Enel SpA (Electric Utilities) | 1,953 | ||||||
851,245 | Eni SpA (Integrated Oil & Gas) | 20,851 | ||||||
361,392 | Fiat Industrial SpA (Construction & Farm Machinery & Heavy Trucks) | 3,959 | ||||||
1,115,848 | Snam Rete Gas SpA (Gas Utilities) | 5,207 | ||||||
826,590 | Telecom Italia SpA (Integrated Telecommunication Services) | 658 | ||||||
90,935 | Terna – Rete Elettrica Nationale SpA (Electric Utilities) | 364 | ||||||
34,700 |
Shares | Security Description | Value (000) | ||||||
Japan — 20.70% | ||||||||
1,400 | ABC-Mart, Inc. (Apparel Retail) | $ | 61 | |||||
1,960 | ACOM Co. Ltd. (Consumer Finance) (a) | 56 | ||||||
7,800 | ADVANTEST Corp. (Semiconductor Equipment) | 123 | ||||||
149,425 | Aeon Co. Ltd. (Hypermarkets & Super Centers) | 1,708 | ||||||
7,400 | Aeon Credit Service Co. Ltd. (Consumer Finance) | 150 | ||||||
3,800 | AEON Mall Co. Ltd. (Real Estate Operating Companies) | 94 | ||||||
8,000 | Air Water, Inc. (Industrial Gases) | 102 | ||||||
37,700 | Aisin Seiki Co. Ltd. (Auto Parts & Equipment) | 1,177 | ||||||
163,200 | Ajinomoto Co., Inc. (Packaged Foods & Meats) | 2,160 | ||||||
10,006 | Alfresa Holdings Corp. (Health Care Distributors) | 391 | ||||||
59,000 | All Nippon Airways Co. Ltd. (Airlines) | 124 | ||||||
89,750 | Amada Co. Ltd. (Industrial Machinery) | 584 | ||||||
25,400 | Aoyama Trading Co. Ltd. (Apparel Retail) | 487 | ||||||
30,000 | Aozora Bank Ltd. (Diversified Banks) | 92 | ||||||
248,046 | Asahi Glass Co. Ltd. (Building Products) | 1,811 | ||||||
20,200 | Asahi Group Holdings Ltd. (Brewers) | 430 | ||||||
312,515 | Asahi Kasei Corp. (Commodity Chemicals) | 1,848 | ||||||
7,800 | ASICS Corp. (Footwear) | 119 | ||||||
109,204 | Astellas Pharma, Inc. (Pharmaceuticals) | 4,911 | ||||||
16,297 | Benesse Holdings, Inc. (Education Services) | 678 | ||||||
126,144 | Bridgestone Corp. (Tires & Rubber) | 3,284 | ||||||
12,300 | Brother Industries Ltd. (Office Electronics) | 132 | ||||||
800 | CALBEE, Inc. (Packaged Foods & Meats) | 56 | ||||||
352,187 | Canon, Inc. (Office Electronics) | 13,653 | ||||||
60,438 | Casio Computer Co. Ltd. (Consumer Electronics) | 531 | ||||||
31,100 | Central Japan Railway Co. (Railroads) | 2,525 | ||||||
32,800 | Century Tokyo Leasing Corp. (Specialized Finance) | 681 | ||||||
8,000 | Chiyoda Corp. (Construction & Engineering) | 115 | ||||||
33,600 | Chubu Electric Power Co., Inc. (Electric Utilities) | 448 | ||||||
55,784 | Chugai Pharmaceutical Co. Ltd. (Pharmaceuticals) | 1,069 | ||||||
13,700 | Citizen Holdings Co. Ltd. (Electronic Equipment & Instruments) | 72 | ||||||
17,156 | Coca-Cola West Co. Ltd. (Soft Drinks) | 265 | ||||||
151,192 | Cosmo Oil Co. Ltd. (Oil & Gas Refining & Marketing) | 339 | ||||||
8,200 | Credit Saison Co. Ltd. (Consumer Finance) | 205 | ||||||
138,079 | Dai Nippon Printing Co. Ltd. (Commercial Printing) | 1,083 | ||||||
15,000 | Daicel Corp. (Specialty Chemicals) | 99 | ||||||
15,000 | Daido Steel Co. Ltd. (Steel) | 76 | ||||||
47,912 | Daihatsu Motor Co. Ltd. (Automobile Manufacturers) | 955 |
See accompanying notes to financial statements.
94
HC CAPITAL TRUST
The Institutional International Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Japan (continued) | ||||||||
167,591 | Daiichi Sankyo Co. Ltd. (Pharmaceuticals) | $ | 2,573 | |||||
12,200 | Daikin Industries Ltd. (Building Products) | 419 | ||||||
8,300 | Dainippon Sumitomo Pharma Co. Ltd. (Pharmaceuticals) | 100 | ||||||
36,167 | Daito Trust Construction Co. Ltd. (Diversified Real Estate Activities) | 3,419 | ||||||
92,000 | Daiwa House Industry Co. Ltd. (Diversified Real Estate Activities) | 1,582 | ||||||
87,000 | Daiwa Securities Group, Inc. (Investment Banking & Brokerage) | 485 | ||||||
47,000 | DCM Holdings Co. Ltd. (Home Improvement Retail) | 309 | ||||||
19,900 | DeNA Co. Ltd. (Internet Software & Services) | 657 | ||||||
115,956 | Denki Kagaku Kogyo Kabushiki Kaisha (Commodity Chemicals) | 397 | ||||||
48,900 | Denso Corp. (Auto Parts & Equipment) | 1,703 | ||||||
9,400 | Dentsu, Inc. (Advertising) | 252 | ||||||
2,700 | Don Quijote Co. Ltd. (General Merchandise Stores) | 99 | ||||||
60,400 | East Japan Railway Co. (Railroads) | 3,906 | ||||||
62,571 | Eisai Co. Ltd. (Pharmaceuticals) | 2,612 | ||||||
11,988 | Electric Power Development Co. Ltd. (Independent Power Producers & Energy Traders) | 284 | ||||||
14,457 | FamilyMart Co. Ltd. (Food Retail) | 596 | ||||||
46,300 | Fanuc Ltd. (Industrial Machinery) | 8,616 | ||||||
7,500 | Fast Retailing Co. Ltd. (Apparel Retail) | 1,914 | ||||||
29,000 | Fuji Electric Co. Ltd. (Electrical Components & Equipment) | 71 | ||||||
30,000 | Fuji Heavy Industries Ltd. (Automobile Manufacturers) | 378 | ||||||
36,200 | Fuji Machine Mfg. Co. Ltd. (Industrial Machinery) | 342 | ||||||
114,823 | FUJIFILM Holdings Corp. (Electronic Equipment & Instruments) | 2,311 | ||||||
461,971 | Fujitsu Ltd. (Computer Hardware) | 1,938 | ||||||
40,000 | Fukuoka Financial Group, Inc. (Regional Banks) | 160 | ||||||
33,000 | Furukawa Electric Co. Ltd. (Electrical Components & Equipment) (a) | 74 | ||||||
4,900 | Gree, Inc. (Internet Software & Services) | 76 | ||||||
87,316 | GS Yuasa Corp. (Electrical Components & Equipment) | 352 | ||||||
1,210 | Hakuhodo DY Holdings, Inc. (Advertising) | 78 | ||||||
79,800 | Hamamatsu Photonics K.K. (Electronic Components) | 2,902 | ||||||
60,000 | Hankyu Hanshin Holdings, Inc. (Railroads) | 310 | ||||||
70,000 | Hino Motors Ltd. (Construction & Farm Machinery & Heavy Trucks) | 633 | ||||||
1,600 | Hirose Electric Co. Ltd. (Electronic Components) | 192 |
Shares | Security Description | Value (000) | ||||||
Japan (continued) | ||||||||
3,200 | Hisamitsu Pharmaceutical Co., Inc. (Pharmaceuticals) | $ | 159 | |||||
29,282 | Hitachi Chemical Co. Ltd. (Specialty Chemicals) | 441 | ||||||
5,600 | Hitachi Construction Machinery Co. Ltd. (Construction & Farm Machinery & Heavy Trucks) | 118 | ||||||
3,200 | Hitachi High-Technologies Corp. (Technology Distributors) | 66 | ||||||
1,326,000 | Hitachi Ltd. (Electronic Equipment & Instruments) | 7,804 | ||||||
9,000 | Hitachi Metals Ltd. (Steel) | 77 | ||||||
9,500 | Hokkaido Electric Power Co., Inc. (Electric Utilities) | 115 | ||||||
8,800 | Hokuriku Electric Power Co. (Electric Utilities) | 104 | ||||||
855,759 | Honda Motor Co. Ltd. (Automobile Manufacturers) | 31,698 | ||||||
107,932 | HOYA Corp. (Electronic Components) | 2,127 | ||||||
12,500 | Hulic Co. Ltd. (Real Estate Operating Companies) | 85 | ||||||
6,300 | IBIDEN Co. Ltd. (Electronic Components) | 101 | ||||||
5,476 | Idemitsu Kosan Co. Ltd. (Oil & Gas Refining & Marketing) | 477 | ||||||
69,000 | IHI Corp. (Industrial Machinery) | 179 | ||||||
114 | INPEX Corp. (Oil & Gas Exploration & Production) | 610 | ||||||
18,500 | Isetan Mitsukoshi Holdings Ltd. (Department Stores) | 181 | ||||||
62,000 | Isuzu Motors Ltd. (Automobile Manufacturers) | 370 | ||||||
550,368 | ITOCHU Corp. (Trading Companies & Distributors) | 5,818 | ||||||
6,093 | ITOCHU Techno-Solutions Corp. (IT Consulting & Other Services) | 251 | ||||||
25,000 | J. Front Retailing Co. Ltd. (Department Stores) | 139 | ||||||
3,000 | Japan Airlines Co. Ltd. (Airlines) (a) | 129 | ||||||
54,000 | Japan Aviation Electronics Industry Ltd. (Electronic Components) | 402 | ||||||
1,500 | Japan Petroleum Exploration Co. Ltd. (Oil & Gas Exploration & Production) | 53 | ||||||
74 | Japan Prime Realty Investment Corp. (Office Real Estate Investment Trusts) | 214 | ||||||
60 | Japan Real Estate Investment Corp. (Office Real Estate Investment Trusts) | 591 | ||||||
216 | Japan Retail Fund Investment Corp. (Retail Real Estate Investment Trusts) | 397 | ||||||
705,400 | Japan Tobacco, Inc. (Tobacco) | 19,931 | ||||||
25,600 | JFE Holdings, Inc. (Steel) | 483 | ||||||
306,000 | JGC Corp. (Construction & Engineering) | 9,537 | ||||||
13,900 | JS Group Corp. (Building Products) | 310 | ||||||
9,300 | JSR Corp. (Specialty Chemicals) | 178 | ||||||
11,600 | JTEKT Corp. (Industrial Machinery) | 111 | ||||||
109 | Jupiter Telecommunications Co. Ltd. (Cable & Satellite) | 136 |
See accompanying notes to financial statements.
95
HC CAPITAL TRUST
The Institutional International Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued); | ||||||||
Japan (continued) | ||||||||
699,424 | JX Holdings, Inc. (Oil & Gas Refining & Marketing) | $ | 3,949 | |||||
44,000 | Kajima Corp. (Construction & Engineering) | 146 | ||||||
69,500 | Kakaku.com, Inc. (Internet Software & Services) | 2,295 | ||||||
12,000 | Kamigumi Co. Ltd. (Marine Ports & Services) | 96 | ||||||
79,602 | Kaneka Corp. (Commodity Chemicals) | 403 | ||||||
11,000 | Kansai Paint Co. Ltd. (Specialty Chemicals) | 119 | ||||||
128,928 | Kao Corp. (Personal Products) | 3,360 | ||||||
74,000 | Kawasaki Heavy Industries Ltd. (Industrial Machinery) | 201 | ||||||
157,088 | KDDI Corp. (Wireless Telecommunication Services) | 11,108 | ||||||
24,000 | Keikyu Corp. (Railroads) | 213 | ||||||
30,000 | Keio Corp. (Railroads) | 224 | ||||||
14,000 | Keisei Electric Railway Co. Ltd. (Railroads) | 118 | ||||||
28,750 | Keyence Corp. (Electronic Equipment & Instruments) | 7,974 | ||||||
9,000 | Kikkoman Corp. (Packaged Foods & Meats) | 129 | ||||||
7,000 | Kinden Corp. (Construction & Engineering) | 46 | ||||||
85,000 | Kintetsu Corp. (Railroads) | 348 | ||||||
215,194 | Kirin Holdings Co. Ltd. (Brewers) | 2,532 | ||||||
130,000 | Kobe Steel Ltd. (Steel) (a) | 166 | ||||||
5,000 | Koito Manufacturing Co. Ltd. (Auto Parts & Equipment) | 73 | ||||||
48,700 | Komatsu Ltd. (Construction & Farm Machinery & Heavy Trucks) | 1,250 | ||||||
5,200 | Konami Corp. (Home Entertainment Software) | 117 | ||||||
118,561 | Konica Minolta Holdings, Inc. (Office Electronics) | 853 | ||||||
117,000 | Kubota Corp. (Construction & Farm Machinery & Heavy Trucks) | 1,345 | ||||||
86,329 | Kuraray Co. Ltd. (Commodity Chemicals) | 1,132 | ||||||
5,900 | Kurita Water Industries Ltd. (Industrial Machinery) | 130 | ||||||
8,000 | Kyocera Corp. (Electronic Components) | 725 | ||||||
13,000 | Kyowa Hakko Kirin Co. Ltd. (Pharmaceuticals) | 128 | ||||||
22,200 | Kyushu Electric Power Co., Inc. (Electric Utilities) | 253 | ||||||
14,775 | Lawson, Inc. (Food Retail) | 1,002 | ||||||
31 | M3, Inc. (Health Care Technology) | 50 | ||||||
1,200 | Mabuchi Motor Co. Ltd. (Electrical Components & Equipment) | 51 | ||||||
5,800 | Makita Corp. (Industrial Machinery) | 269 | ||||||
753,131 | Marubeni Corp. (Trading Companies & Distributors) | 5,405 |
Shares | Security Description | Value (000) | ||||||
Japan (continued) | ||||||||
11,600 | Marui Group Co. Ltd. (Department Stores) | $ | 93 | |||||
2,400 | Maruichi Steel Tube Ltd. (Steel) | 55 | ||||||
141,000 | Mazda Motor Corp. (Automobile Manufacturers) (a) | 289 | ||||||
3,500 | McDonald's Holdings Co. (Japan) Ltd. (Restaurants) | 92 | ||||||
35,700 | Medipal Holdings Corp. (Health Care Distributors) | 396 | ||||||
3,200 | MEIJI Holdings Co. Ltd. (Packaged Foods & Meats) | 139 | ||||||
2,900 | Miraca Holdings, Inc. (Health Care Services) | 117 | ||||||
334,727 | Mitsubishi Chemical Holdings Corp. (Diversified Chemicals) | 1,668 | ||||||
386,587 | Mitsubishi Corp. (Trading Companies & Distributors) | 7,444 | ||||||
478,000 | Mitsubishi Electric Corp. (Heavy Electrical Equipment) | 4,071 | ||||||
65,000 | Mitsubishi Estate Co. Ltd. (Diversified Real Estate Activities) | 1,556 | ||||||
20,000 | Mitsubishi Gas Chemical Co., Inc. (Diversified Chemicals) | 123 | ||||||
158,000 | Mitsubishi Heavy Industries Ltd. (Industrial Machinery) | 764 | ||||||
6,000 | Mitsubishi Logistics Corp. (Marine Ports & Services) | 86 | ||||||
58,000 | Mitsubishi Materials Corp. (Diversified Metals & Mining) | 198 | ||||||
202,000 | Mitsubishi Motors Corp. (Automobile Manufacturers) (a) | 209 | ||||||
55,643 | Mitsubishi Tanabe Pharma Corp. (Pharmaceuticals) | 726 | ||||||
1,560,982 | Mitsubishi UFJ Financial Group, Inc. (Diversified Banks) | 8,448 | ||||||
3,030 | Mitsubishi UFJ Lease & Finance Co. Ltd. (Specialized Finance) | 130 | ||||||
427,937 | Mitsui & Co. Ltd. (Trading Companies & Distributors) | 6,415 | ||||||
45,000 | Mitsui Chemicals, Inc. (Commodity Chemicals) | 117 | ||||||
72,000 | Mitsui Fudosan Co. Ltd. (Diversified Real Estate Activities) | 1,762 | ||||||
57,000 | Mitsui O.S.K. Lines Ltd. (Marine) | 170 | ||||||
2,694,592 | Mizuho Financial Group, Inc. (Diversified Banks) | 4,941 | ||||||
51,411 | MS&AD Insurance Group Holdings, Inc. (Property & Casualty Insurance) | 1,026 | ||||||
127,300 | Murata Manufacturing Co. Ltd. (Electronic Components) | 7,511 | ||||||
5,300 | Nabtesco Corp. (Industrial Machinery) | 118 | ||||||
9,300 | Namco Bandai Holdings, Inc. (Leisure Products) | 121 | ||||||
136,000 | NEC Corp. (Computer Hardware) (a) | 287 | ||||||
5,600 | Nexon Co. Ltd. (Home Entertainment Software) (a) | 57 |
See accompanying notes to financial statements.
96
HC CAPITAL TRUST
The Institutional International Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Japan (continued) | ||||||||
452,327 | NGK Insulators Ltd. (Industrial Machinery) | $ | 5,367 | |||||
9,000 | NGK Spark Plug Co. Ltd. (Auto Parts & Equipment) | 120 | ||||||
8,300 | NHK Spring Co. Ltd. (Auto Parts & Equipment) | 68 | ||||||
5,700 | Nidec Corp. (Electronic Components) | 333 | ||||||
31,600 | Nikon Corp. (Photographic Products) | 933 | ||||||
26,901 | Nintendo Co. Ltd. (Home Entertainment Software) | 2,873 | ||||||
67 | Nippon Building Fund, Inc. (Office Real Estate Investment Trusts) | 693 | ||||||
19,000 | Nippon Electric Glass Co. Ltd. (Electronic Components) | 108 | ||||||
212,172 | Nippon Express Co. Ltd. (Trucking) | 877 | ||||||
9,000 | Nippon Meat Packers, Inc. (Packaged Foods & Meats) | 125 | ||||||
24,485 | Nippon Paper Group, Inc. (Paper Products) | 340 | ||||||
396,000 | Nippon Steel & Sumitomo Metal Corp. (Steel) | 975 | ||||||
64,794 | Nippon Telegraph & Telephone Corp. (Integrated Telecommunication Services) | 2,729 | ||||||
84,000 | Nippon Yusen Kabushiki Kaisha (Marine) | 198 | ||||||
1,181,000 | Nissan Motor Co. Ltd. (Automobile Manufacturers) | 11,208 | ||||||
10,000 | Nisshin Seifun Group, Inc. (Packaged Foods & Meats) | 125 | ||||||
3,100 | Nissin Foods Holdings Co. Ltd. (Packaged Foods & Meats) | 118 | ||||||
1,800 | Nitori Holdings Co. Ltd. (Homefurnishing Retail) | 132 | ||||||
40,886 | Nitto Denko Corp. (Specialty Chemicals) | 2,014 | ||||||
37,702 | NKSJ Holdings, Inc. (Property & Casualty Insurance) | 809 | ||||||
5,400 | NOK Corp. (Auto Parts & Equipment) | 85 | ||||||
189,300 | Nomura Holdings, Inc. (Investment Banking & Brokerage) | 1,121 | ||||||
5,000 | Nomura Real Estate Holdings, Inc. (Diversified Real Estate Activities) | 96 | ||||||
28 | Nomura Real Estate Office Fund, Inc. (Office Real Estate Investment Trusts) | 161 | ||||||
25,261 | Nomura Research Institute Ltd. (IT Consulting & Other Services) | 526 | ||||||
23,000 | NSK Ltd. (Industrial Machinery) | 164 | ||||||
66 | NTT Data Corp. (IT Consulting & Other Services) | 207 | ||||||
3,006 | NTT DoCoMo, Inc. (Wireless Telecommunication Services) | 4,334 | ||||||
60 | NTT Urban Development Corp. (Real Estate Operating Companies) | 58 |
Shares | Security Description | Value (000) | ||||||
Japan (continued) | ||||||||
34,000 | Obayashi Corp. (Construction & Engineering) | $ | 192 | |||||
33,000 | Odakyu Electric Railway Co. Ltd. (Railroads) | 343 | ||||||
194,090 | Oji Paper Co. Ltd. (Paper Products) | 670 | ||||||
11,300 | Olympus Corp. (Health Care Equipment) (a) | 219 | ||||||
10,600 | OMRON Corp. (Electronic Components) | 254 | ||||||
20,229 | Ono Pharmaceutical Co. Ltd. (Pharmaceuticals) | 1,034 | ||||||
36,900 | Oracle Corp. Japan (Systems Software) | 1,537 | ||||||
2,600 | Oriental Land Co. Ltd. (Leisure Facilities) | 315 | ||||||
9,850 | ORIX Corp. (Consumer Finance) | 1,113 | ||||||
243,000 | Osaka Gas Co. Ltd. (Gas Utilities) | 883 | ||||||
3,895 | Otsuka Corp. (IT Consulting & Other Services) | 295 | ||||||
18,900 | Otsuka Holdings Co. Ltd. (Pharmaceuticals) | 533 | ||||||
115,100 | Panasonic Corp. (Consumer Electronics) | 704 | ||||||
4,900 | Park24 Co. Ltd. (Environmental & Facilities Services) | 77 | ||||||
37,800 | Rakuten, Inc. (Internet Retail) | 295 | ||||||
485,585 | Resona Holdings, Inc. (Regional Banks) | 2,221 | ||||||
33,000 | Ricoh Co. Ltd. (Office Electronics) | 350 | ||||||
1,700 | Rinnai Corp. (Household Appliances) | 116 | ||||||
23,533 | Rohm Co. Ltd. (Semiconductors) | 769 | ||||||
39,304 | Sankyo Co. Ltd. (Leisure Products) | 1,560 | ||||||
2,300 | Sanrio Co. Ltd. (Specialty Stores) | 73 | ||||||
18,235 | Santen Pharmaceutical Co. Ltd. (Pharmaceuticals) | 701 | ||||||
11,700 | SBI Holdings, Inc. (Asset Management & Custody Banks) | 105 | ||||||
10,900 | SECOM Co. Ltd. (Security & Alarm Services) | 549 | ||||||
50,880 | Sega Sammy Holdings, Inc. (Leisure Products) | 859 | ||||||
103,457 | Sekisui Chemical Co. Ltd. (Homebuilding) | 903 | ||||||
132,004 | Sekisui House Ltd. (Homebuilding) | 1,446 | ||||||
184,894 | Seven & I Holdings Co. Ltd. (Food Retail) | 5,213 | ||||||
53,996 | Seven Bank Ltd. (Regional Banks) | 142 | ||||||
52,000 | Sharp Corp. (Consumer Electronics) | 183 | ||||||
8,700 | Shikoku Electric Power Co., Inc. (Electric Utilities) | 139 | ||||||
12,000 | Shimadzu Corp. (Electronic Equipment & Instruments) | 82 | ||||||
1,200 | Shimamura Co. Ltd. (Apparel Retail) | 117 | ||||||
3,900 | Shimano, Inc. (Leisure Products) | 250 | ||||||
145,840 | Shimizu Corp. (Construction & Engineering) | 548 | ||||||
111,500 | Shin-Etsu Chemical Co. Ltd. (Specialty Chemicals) | 6,806 |
See accompanying notes to financial statements.
97
HC CAPITAL TRUST
The Institutional International Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Japan (continued) | ||||||||
79,000 | Shinsei Bank Ltd. (Regional Banks) | $ | 158 | |||||
73,529 | Shionogi & Co. Ltd. (Pharmaceuticals) | 1,226 | ||||||
87,374 | Shiseido Co. Ltd. (Personal Products) | 1,234 | ||||||
38,000 | Shizuoka Gas Co. Ltd. (Gas Utilities) | 257 | ||||||
74,000 | Showa Denko K.K. (Diversified Chemicals) | 113 | ||||||
52,370 | Showa Shell Sekiyu K.K. (Oil & Gas Refining & Marketing) | 297 | ||||||
9,700 | SMC Corp. (Industrial Machinery) | 1,762 | ||||||
275,100 | SOFTBANK Corp. (Wireless Telecommunication Services) | 10,082 | ||||||
306,537 | Sojitz Corp. (Trading Companies & Distributors) | 453 | ||||||
135,200 | Sony Corp. (Electronic Equipment & Instruments) | 1,517 | ||||||
351,500 | Sony Financial Holdings, Inc. (Life & Health Insurance) | 6,320 | ||||||
15,705 | Square Enix Holdings Co. Ltd. (Home Entertainment Software) | 200 | ||||||
7,500 | Stanley Electric Co. Ltd. (Auto Parts & Equipment) | 107 | ||||||
21,400 | Start Today Co. Ltd. (Internet Retail) | 198 | ||||||
6,000 | Sumco Corp. (Semiconductor Equipment) (a) | 59 | ||||||
78,000 | Sumitomo Chemical Co. Ltd. (Diversified Chemicals) | 246 | ||||||
386,900 | Sumitomo Corp. (Trading Companies & Distributors) | 4,965 | ||||||
301,700 | Sumitomo Electric Industries Ltd. (Electrical Components & Equipment) | 3,488 | ||||||
29,000 | Sumitomo Heavy Industries Ltd. (Industrial Machinery) | 139 | ||||||
128,449 | Sumitomo Metal Mining Co. Ltd. (Diversified Metals & Mining) | 1,814 | ||||||
315,023 | Sumitomo Mitsui Financial Group, Inc. (Diversified Banks) | 11,451 | ||||||
313,257 | Sumitomo Mitsui Trust Holdings, Inc. (Diversified Banks) | 1,104 | ||||||
18,000 | Sumitomo Realty & Development Co. Ltd. (Diversified Real Estate Activities) | 600 | ||||||
8,900 | Sumitomo Rubber Industries Ltd. (Tires & Rubber) | 108 | ||||||
9,000 | Suruga Bank Ltd. (Regional Banks) | 111 | ||||||
3,700 | Suzuken Co. Ltd. (Health Care Distributors) | 104 | ||||||
80,800 | Suzuki Motor Corp. (Automobile Manufacturers) | 2,115 | ||||||
62,900 | Sysmex Corp. (Health Care Equipment) | 2,897 | ||||||
58,539 | T&D Holdings, Inc. (Life & Health Insurance) | 713 | ||||||
58,000 | Taiheiyo Cement Corp. (Construction Materials) | 160 | ||||||
53,000 | Taisei Corp. (Construction & Engineering) | 176 | ||||||
1,900 | Taisho Pharmaceutical Holdings Co. Ltd. (Pharmaceuticals) | 131 |
Shares | Security Description | Value (000) | ||||||
Japan (continued) | ||||||||
59,253 | Taiyo Nippon Sanso Corp. (Industrial Gases) | $ | 341 | |||||
14,000 | Takashimaya Co. Ltd. (Department Stores) | 100 | ||||||
195,585 | Takeda Pharmaceutical Co. Ltd. (Pharmaceuticals) | 8,743 | ||||||
6,400 | TDK Corp. (Electronic Components) | 233 | ||||||
226,910 | Teijin Ltd. (Commodity Chemicals) | 565 | ||||||
7,900 | Terumo Corp. (Health Care Equipment) | 314 | ||||||
17,000 | The Bank of Kyoto Ltd. (Regional Banks) | 144 | ||||||
543,750 | The Bank of Yokohama Ltd. (Regional Banks) | 2,529 | ||||||
38,000 | The Chiba Bank Ltd. (Regional Banks) | 223 | ||||||
9,000 | The Chugoku Bank Ltd. (Regional Banks) | 126 | ||||||
53,600 | The Chugoku Electric Power Co., Inc. (Electric Utilities) | 844 | ||||||
443 | The Dai-ichi Life Insurance Co. Ltd. (Life & Health Insurance) | 623 | ||||||
20,000 | The Gunma Bank Ltd. (Regional Banks) | 98 | ||||||
22,000 | The Hachijuni Bank Ltd. (Regional Banks) | 110 | ||||||
25,000 | The Hiroshima Bank Ltd. (Regional Banks) | 105 | ||||||
13,000 | The Iyo Bank Ltd. (Regional Banks) | 103 | ||||||
16,000 | The Japan Steel Works Ltd. (Industrial Machinery) | 104 | ||||||
34,000 | The Joyo Bank Ltd. (Regional Banks) | 162 | ||||||
39,100 | The Kansai Electric Power Co., Inc. (Electric Utilities) | 411 | ||||||
35,000 | The Nishi-Nippon City Bank Ltd. (Regional Banks) | 87 | ||||||
89,000 | The San-in Godo Bank Ltd. (Regional Banks) | 627 | ||||||
28,000 | The Shizuoka Bank Ltd. (Regional Banks) | 274 | ||||||
165,000 | The Yokohama Rubber Co. Ltd. (Tires & Rubber) | 1,196 | ||||||
6,300 | THK Co. Ltd. (Industrial Machinery) | 113 | ||||||
53,000 | Tobu Railway Co. Ltd. (Railroads) | 281 | ||||||
5,900 | Toho Co. Ltd. (Movies & Entertainment) | 104 | ||||||
21,000 | Toho Gas Co. Ltd. (Gas Utilities) | 113 | ||||||
23,600 | Tohoku Electric Power Co., Inc. (Electric Utilities) (a) | 220 | ||||||
92,625 | Tokio Marine Holdings, Inc. (Property & Casualty Insurance) | 2,581 | ||||||
75,400 | Tokyo Electric Power Co., Inc. (Electric Utilities) (a) | 182 | ||||||
129,188 | Tokyo Electron Ltd. (Semiconductor Equipment) | 5,959 | ||||||
772,000 | Tokyo Gas Co. Ltd. (Gas Utilities) | 3,528 | ||||||
59,000 | Tokyu Corp. (Railroads) | 332 | ||||||
22,000 | Tokyu Land Corp. (Diversified Real Estate Activities) | 161 | ||||||
69,135 | TonenGeneral Sekiyu K.K. (Oil & Gas Refining & Marketing) | 598 | ||||||
138,545 | Toppan Printing Co. Ltd. (Commercial Printing) | 859 |
See accompanying notes to financial statements.
98
HC CAPITAL TRUST
The Institutional International Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Japan (continued) | ||||||||
77,000 | Toray Industries, Inc. (Commodity Chemicals) | $ | 473 | |||||
1,284,248 | Toshiba Corp. (Computer Hardware) | 5,084 | ||||||
15,000 | TOTO Ltd. (Building Products) | 113 | ||||||
7,900 | Toyo Seikan Kaisha Ltd. (Metal & Glass Containers) | 106 | ||||||
4,000 | Toyo Suisan Kaisha Ltd. (Packaged Foods & Meats) | 107 | ||||||
3,400 | Toyoda Gosei Co. Ltd. (Auto Parts & Equipment) | 69 | ||||||
3,400 | Toyota Boshoku Corp. (Auto Parts & Equipment) | 39 | ||||||
8,500 | Toyota Industries Corp. (Auto Parts & Equipment) | 271 | ||||||
499,300 | Toyota Motor Corp. (Automobile Manufacturers) | 23,319 | ||||||
11,100 | Toyota Tsusho Corp. (Trading Companies & Distributors) | 274 | ||||||
91,756 | Trend Micro, Inc. (Systems Software) | 2,773 | ||||||
3,100 | Tsumura & Co. (Pharmaceuticals) | 94 | ||||||
246,839 | Ube Industries Ltd. (Diversified Chemicals) | 593 | ||||||
5,900 | Unicharm Corp. (Household Products) | 307 | ||||||
90,500 | UNY Co. Ltd. (Hypermarkets & Super Centers) | 671 | ||||||
5,500 | Ushio, Inc. (Electrical Components & Equipment) | 60 | ||||||
5,350 | USS Co. Ltd. (Automotive Retail) | 557 | ||||||
122,168 | West Japan Railway Co. (Railroads) | 4,814 | ||||||
2,459 | Yahoo Japan Corp. (Internet Software & Services) | 796 | ||||||
5,000 | Yakult Honsha Co. Ltd. (Packaged Foods & Meats) | 219 | ||||||
4,530 | Yamada Denki Co. Ltd. (Computer & Electronics Retail) | 175 | ||||||
11,000 | Yamaguchi Financial Group, Inc. (Regional Banks) | 97 | ||||||
8,200 | Yamaha Corp. (Leisure Products) | 87 | ||||||
14,600 | Yamaha Motor Co. Ltd. (Motorcycle Manufacturers) | 162 | ||||||
19,500 | Yamato Holdings Co. Ltd. (Air Freight & Logistics) | 296 | ||||||
2,200 | Yamato Kogyo Co. Ltd. (Steel) | 64 | ||||||
6,000 | Yamazaki Baking Co. Ltd. (Packaged Foods & Meats) | 67 | ||||||
11,000 | Yaskawa Electric Corp. (Electronic Components) | 106 | ||||||
10,500 | Yokogawa Electric Corp. (Electronic Equipment & Instruments) | 115 | ||||||
34,000 | Zeon Corp. (Specialty Chemicals) | 295 | ||||||
459,259 |
Shares | Security Description | Value (000) | ||||||
Jersey (continued) | ||||||||
469,086 | Glencore International PLC (Diversified Metals & Mining) | $ | 2,709 | |||||
425,366 | Petrofac Ltd. (Oil & Gas Equipment & Services) | 11,367 | ||||||
87,372 | Shire PLC (Pharmaceuticals) | 2,687 | ||||||
53,080 | Wolseley PLC (Trading Companies & Distributors) | 2,538 | ||||||
19,301 | ||||||||
Luxembourg — 0.35% | ||||||||
266,640 | SES – FDR, Class – A (Cable & Satellite) | 7,679 | ||||||
Malaysia — 0.03% | ||||||||
590,600 | Astro Malaysia Holdings Berhad (Broadcasting) (b) | 580 | ||||||
Netherlands — 4.82% | ||||||||
457,890 | AEGON NV (Life & Health Insurance) | 2,958 | ||||||
281,275 | Akzo Nobel NV (Diversified Chemicals) | 18,617 | ||||||
70,438 | ASML Holding NV (Semiconductor Equipment) | 4,517 | ||||||
17,919 | ASML Holding NV – NYS (Semiconductor Equipment)* | 1,154 | ||||||
3,124 | Corio NV (Retail Real Estate Investment Trusts) | 143 | ||||||
56,953 | European Aeronautic Defence & Space Co. (Aerospace & Defense) | 2,245 | ||||||
97,160 | Fugro NV (Oil & Gas Equipment & Services) | 5,765 | ||||||
64,918 | Gemalto NV (Computer Storage & Peripherals) | 5,859 | ||||||
177,492 | ING Groep NV (Other Diversified Financial Services) (a) | 1,686 | ||||||
167,394 | Koninklijke Ahold NV (Food Retail) | 2,244 | ||||||
13,341 | Koninklijke Boskalis Westminster NV (Construction & Engineering) | 604 | ||||||
89,513 | Koninklijke DSM NV (Diversified Chemicals) | 5,455 | ||||||
173,896 | Koninklijke Philips Electronics NV (Industrial Conglomerates) | 4,604 | ||||||
51,817 | Koninklijke Vopak NV (Marine Ports & Services) | 3,662 | ||||||
1,021,684 | Reed Elsevier NV (Publishing) | 15,147 | ||||||
1,069,734 | TNT NV (Air Freight & Logistics) | 4,173 | ||||||
650,283 | Unilever NV (Packaged Foods & Meats) | 24,879 | ||||||
53,728 | Wolters Kluwer NV (Publishing) | 1,104 | ||||||
61,709 | Ziggo NV (Alternative Carriers) (b) | 2,017 | ||||||
106,833 | ||||||||
New Zealand — 0.02% | ||||||||
260,207 | Telecom Corp. of New Zealand Ltd. (Integrated Telecommunication Services) | 492 | ||||||
Nigeria — 0.08% | ||||||||
1,802,793 | Nigerian Breweries PLC (Brewers) | 1,698 | ||||||
Norway — 0.67% | ||||||||
105,130 | DNB ASA (Diversified Banks) | 1,344 | ||||||
18,705 | Fred. Olsen Energy ASA ( Oil & Gas Drilling) | 822 |
See accompanying notes to financial statements.
99
HC CAPITAL TRUST
The Institutional International Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Norway (continued) | ||||||||
11,877 | Gjensidige Forsikring ASA ( Multi-line Insurance) | $ | 171 | |||||
194,360 | Orkla ASA (Industrial Conglomerates) | 1,704 | ||||||
414,481 | Statoil ASA (Integrated Oil & Gas) | 10,451 | ||||||
6,867 | Yara International ASA (Fertilizers & Agricultural Chemicals) | 342 | ||||||
14,834 | ||||||||
Papua New Guinea — 0.15% | ||||||||
448,292 | Oil Search Ltd. (Oil & Gas Exploration & Production) (b) | 3,314 | ||||||
Portugal — 0.02% | ||||||||
136,215 | EDP – Energias de Portugal SA (Electric Utilities) | 414 | ||||||
Russia — 0.17% | ||||||||
178,130 | Gazprom OAO – Sponsored GDR (Integrated Oil & Gas) | 1,733 | ||||||
24,789 | LUKOIL – Sponsored ADR (Integrated Oil & Gas)* | 1,673 | ||||||
26,613 | Sberbank of Russia – Sponsored ADR (Diversified Banks)* | 335 | ||||||
3,741 | ||||||||
Singapore — 1.83% | ||||||||
133,000 | Ascendas Real Estate Investment Trust (Industrial Real Estate Investment Trusts) | 260 | ||||||
136,909 | CapitaCommercial Trust (Office Real Estate Investment Trusts) | 190 | ||||||
165,000 | CapitaMall Trust (Retail Real Estate Investment Trusts) | 290 | ||||||
145,377 | City Developments Ltd. (Diversified Real Estate Activities) | 1,555 | ||||||
516,350 | ComfortDelGro Corp. Ltd. (Trucking) | 760 | ||||||
485,260 | DBS Group Holdings Ltd. (Diversified Banks) | 5,959 | ||||||
1,441,297 | Hutchison Port Holdings Trust (Marine Ports & Services) | 1,154 | ||||||
646,632 | Keppel Corp. Ltd. (Industrial Conglomerates) | 5,906 | ||||||
53,000 | Keppel Land Ltd. (Real Estate Development) | 178 | ||||||
1,558,897 | Olam International Ltd. (Food Distributors) | 2,003 | ||||||
639,000 | SembCorp Industries Ltd. (Industrial Conglomerates) | 2,787 | ||||||
1,496,000 | SembCorp Marine Ltd. (Construction & Farm Machinery & Heavy Trucks) | 5,717 | ||||||
582,291 | Singapore Airlines Ltd. (Airlines) | 5,166 | ||||||
60,399 | Singapore Exchange Ltd. (Specialized Finance) | 351 | ||||||
455,730 | Singapore Press Holdings Ltd. (Publishing) | 1,510 | ||||||
1,898,000 | Singapore Telecommunications Ltd. (Integrated Telecommunication Services) (b) | 5,166 |
Shares | Security Description | Value (000) | ||||||
Singapore (continued) | ||||||||
1,115,000 | STX OSV Holdings Ltd. (Construction & Farm Machinery & Heavy Trucks) | $ | 1,207 | |||||
530,011 | Yangzijiang Shipbuilding Holdings Ltd. (Construction & Farm Machinery & Heavy Trucks) | 425 | ||||||
40,584 | ||||||||
South Korea — 1.05% | ||||||||
19,410 | Hana Financial Group, Inc. (Diversified Banks) | 635 | ||||||
79,990 | Hynix Semiconductor, Inc. (Semiconductors) (a) | 1,945 | ||||||
8,096 | Hyundai Mobis (Auto Parts & Equipment) (a) | 2,197 | ||||||
119,360 | KT&G Corp. (Tobacco) (a) | 9,036 | ||||||
6,618 | Samsung Electronics Co. Ltd. (Semiconductors) | 9,510 | ||||||
23,323 | ||||||||
Spain — 1.81% | ||||||||
26,719 | ACS, Actividades de Construccion y Servicios SA (Construction & Engineering) | 677 | ||||||
634,000 | Banco Popular Espanol SA (Diversified Banks) | 496 | ||||||
810,699 | Banco Santander SA (Diversified Banks) | 6,588 | ||||||
346,463 | Enagas (Gas Utilities) | 7,422 | ||||||
91,806 | Grifols SA (Biotechnology) (a) | 3,210 | ||||||
4,590 | Grifols SA, Class – B (Biotechnology) (a) | 116 | ||||||
20,756 | Industria de Diseno Textil SA (Apparel Retail) | 2,916 | ||||||
62,096 | Red Electrica Corporacion SA (Electric Utilities) | 3,067 | ||||||
141,081 | Tecnicas Reunidas SA (Oil & Gas Equipment & Services) | 6,607 | ||||||
575,002 | Telefonica SA (Integrated Telecommunication Services) | 7,784 | ||||||
20,941 | Viscofan SA (Packaged Foods & Meats) | 1,186 | ||||||
40,069 | ||||||||
Sweden — 2.17% | ||||||||
133,094 | Assa Abloy AB, Class – B (Building Products) | 5,012 | ||||||
112,450 | Atlas Copco AB, A Shares (Industrial Machinery) | 3,120 | ||||||
10,706 | Electrolux AB, Series B (Household Appliances) | 283 | ||||||
278,271 | Hennes & Mauritz AB, B Shares (Apparel Retail) | 9,648 | ||||||
6,219 | Industrivarden AB, C Shares (Multi-Sector Holdings) | 104 | ||||||
11,308 | Investment AB Kinnevik, B Shares (Multi-Sector Holdings) | 237 | ||||||
29,694 | Investor AB, B Shares (Diversified Capital Markets) | 780 | ||||||
62,325 | Lundin Petroleum AB (Oil & Gas Exploration & Production) (a) | 1,443 |
See accompanying notes to financial statements.
100
HC CAPITAL TRUST
The Institutional International Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Sweden (continued) | ||||||||
174,779 | Nordea Bank AB (Diversified Banks) | $ | 1,682 | |||||
10,344 | Ratos AB, B Shares (Asset Management & Custody Banks) | 100 | ||||||
84,110 | Securitas AB, B Shares (Security & Alarm Services) | 738 | ||||||
770,385 | Skandinaviska Enskilda Banken AB, Class – A (Diversified Banks) | 6,594 | ||||||
100,879 | Skanska AB, B Shares (Construction & Engineering) | 1,656 | ||||||
110,428 | Svenska Handelsbanken AB, A Shares (Diversified Banks) | 3,972 | ||||||
52,584 | Swedbank AB, A Shares (Diversified Banks) | 1,033 | ||||||
43,348 | Tele2 AB, B Shares (Integrated Telecommunication Services) | 784 | ||||||
806,857 | Telefonaktiebolaget LM Ericsson, B Shares (Communications Equipment) | 8,154 | ||||||
291,138 | TeliaSonera AB (Integrated Telecommunication Services) | 1,977 | ||||||
59,000 | Volvo AB, B Shares (Construction & Farm Machinery & Heavy Trucks) | 814 | ||||||
48,131 | ||||||||
Switzerland — 7.96% | ||||||||
588,130 | ABB Ltd. – Registered (Heavy Electrical Equipment) | 12,200 | ||||||
12,641 | Actelion Ltd. – Registered (Biotechnology) | 605 | ||||||
35,976 | Adecco SA – Registered (Human Resource & Employment Services) | 1,906 | ||||||
3,470 | Baloise Holding AG – Registered (Multi-line Insurance) | 300 | ||||||
209 | Banque Cantonale Vaudoise – Registered (Regional Banks) | 111 | ||||||
96,044 | Compagnie Financiere Richemont SA, Class - A (Apparel, Accessories & Luxury Goods) | 7,541 | ||||||
19,049 | DKSH Holding Ltd. (Advertising) (a) | 1,378 | ||||||
8,443 | Givaudan SA – Registered (Specialty Chemicals) | 8,925 | ||||||
22,668 | Holcim Ltd. – Registered (Construction Materials) | 1,670 | ||||||
14,890 | Lonza Group AG – Registered (Life Sciences Tools & Services) | 807 | ||||||
409,704 | Nestle SA (Packaged Foods & Meats) | 26,738 | ||||||
430,591 | Novartis AG – Registered (Pharmaceuticals) | 27,209 | ||||||
1,934 | Pargesa Holding SA (Multi-Sector Holdings) | 133 | ||||||
7,862 | Partners Group Holding AG (Asset Management & Custody Banks) (b) | 1,818 | ||||||
200,150 | Roche Holding AG – Genusscheine (Pharmaceuticals) | 40,478 |
Shares | Security Description | Value (000) | ||||||
Switzerland (continued) | ||||||||
298 | SGS SA – Registered (Research and Consulting Services) | $ | 662 | |||||
8,264 | Sonova Holding AG – Registered (Health Care Equipment) | 919 | ||||||
3,474 | Swiss Prime Site AG – Registered (Real Estate Operating Companies) | 290 | ||||||
24,067 | Swiss Re AG (Reinsurance) | 1,745 | ||||||
8,315 | Swisscom AG – Registered (Integrated Telecommunication Services) | 3,604 | ||||||
8,464 | Syngenta AG – Registered (Fertilizers & Agricultural Chemicals) | 3,420 | ||||||
5,912 | The Swatch Group AG (Apparel, Accessories & Luxury Goods) | 2,999 | ||||||
18,733 | The Swatch Group AG – Registered (Apparel, Accessories & Luxury Goods) | 1,621 | ||||||
115,752 | Transocean Ltd. (Oil & Gas Drilling) | 5,191 | ||||||
935,851 | UBS AG – Registered (Diversified Capital Markets) | 14,649 | ||||||
36,486 | Zurich Financial Services AG (Multi-line Insurance) | 9,779 | ||||||
176,698 | ||||||||
Taiwan — 0.06% | ||||||||
6,142 | Asustek Computer, Inc. – Sponsored GDR, Registered Shares (Computer Hardware) | 345 | ||||||
41,458 | Hon Hai Precision Industry Co. Ltd. – Sponsored GDR, Registered Shares (Electronic Manufacturing Services) | 254 | ||||||
45,900 | Taiwan Semiconductor Manufacturing Co. Ltd. – Sponsored ADR (Semiconductors)* | 788 | ||||||
1,387 | ||||||||
United Kingdom — 18.31% | ||||||||
320,122 | Aberdeen Asset Management PLC (Asset Management & Custody Banks) | 1,926 | ||||||
14,740 | Admiral Group PLC (Property & Casualty Insurance) | 281 | ||||||
22,316 | Anglo American PLC (Diversified Metals & Mining) | 703 | ||||||
21,653 | Antofagasta PLC (Diversified Metals & Mining) | 474 | ||||||
26,327 | ARM Holdings PLC (Semiconductors) | 332 | ||||||
13,461 | ASOS PLC (Internet Retail) (a) | 594 | ||||||
293,579 | AstraZeneca PLC (Pharmaceuticals) | 13,910 | ||||||
1,357,548 | Aviva PLC (Multi-line Insurance) | 8,399 | ||||||
918,020 | BAE Systems PLC (Aerospace & Defense) | 5,102 | ||||||
1,415,040 | Balfour Beatty PLC (Construction & Engineering) | 6,368 | ||||||
3,866,791 | Barclays PLC (Diversified Banks) | 16,795 | ||||||
453,248 | BG Group PLC (Integrated Oil & Gas) | 7,559 | ||||||
33,447 | BHP Billiton PLC (Diversified Metals & Mining) | 1,180 | ||||||
2,142,528 | BP PLC (Integrated Oil & Gas) | 14,894 |
See accompanying notes to financial statements.
101
HC CAPITAL TRUST
The Institutional International Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
United Kingdom (continued) | ||||||||
570,853 | British American Tobacco PLC (Tobacco) | $ | 29,015 | |||||
225,650 | British Land Co. PLC (Diversified Real Estate Investment Trusts) | 2,084 | ||||||
265,564 | British Sky Broadcasting Group PLC (Cable & Satellite) | 3,349 | ||||||
536,852 | BT Group PLC (Integrated Telecommunication Services) | 2,048 | ||||||
33,606 | Capital Shopping Centres Group PLC (Retail Real Estate Investment Trusts) | 193 | ||||||
14,589 | Carnival PLC (Hotels, Resorts & Cruise Lines) | 566 | ||||||
718,621 | Centrica PLC (Multi-Utilities) | 3,921 | ||||||
312,889 | Cobham PLC (Aerospace & Defense) | 1,137 | ||||||
268,152 | Diageo PLC (Distillers & Vintners) | 7,809 | ||||||
27,000 | Ensco PLC, Class – A (Oil & Gas Drilling)* | 1,601 | ||||||
30,609 | Fresnillo PLC (Precious Metals & Minerals) | 939 | ||||||
615,658 | GKN PLC (Auto Parts & Equipment) (b) | 2,322 | ||||||
947,626 | GlaxoSmithKline PLC (Pharmaceuticals) | 20,629 | ||||||
233,000 | Grainger PLC (Real Estate Operating Companies) | 452 | ||||||
40,600 | Greene King PLC (Restaurants) | 416 | ||||||
507,354 | Home Retail Group PLC (Catalog Retail) | 1,058 | ||||||
3,501,991 | HSBC Holdings PLC (Diversified Banks) | 37,104 | ||||||
1,149,118 | HSBC Holdings PLC (HK) (Diversified Banks) | 12,180 | ||||||
33,279 | ICAP PLC (Investment Banking & Brokerage) | 168 | ||||||
659,623 | Imperial Tobacco Group PLC (Tobacco) | 25,571 | ||||||
65,639 | Inmarsat PLC (Alternative Carriers) | 633 | ||||||
61,505 | InterContinental Hotels Group PLC (Hotels, Resorts & Cruise Lines) | 1,724 | ||||||
32,383 | Investec PLC (Diversified Capital Markets) | 225 | ||||||
623,384 | ITV PLC (Broadcasting) | 1,081 | ||||||
452,879 | J Sainsbury PLC (Food Retail) | 2,562 | ||||||
28,964 | John Wood Group PLC (Oil & Gas Equipment & Services) | 346 | ||||||
81,363 | Johnson Matthey PLC (Specialty Chemicals) | 3,196 | ||||||
344,606 | Land Securities Group PLC (Diversified Real Estate Investment Trusts) | 4,597 | ||||||
429,978 | Legal & General Group PLC (Life & Health Insurance) | 1,031 | ||||||
470,409 | Marks & Spencer Group PLC (Department Stores) | 2,954 | ||||||
362,897 | Meggitt PLC (Aerospace & Defense) | 2,272 | ||||||
674,442 | Michael Page International PLC (Human Resource & Employment Services) | 4,408 |
Shares | Security Description | Value (000) | ||||||
United Kingdom (continued) | ||||||||
46,683 | Micro Focus International PLC (Independent Power Producers & Energy Traders) | $ | 446 | |||||
136,921 | Mondi PLC (Paper Products) | 1,511 | ||||||
507,788 | National Grid PLC (Multi-Utilities) | 5,823 | ||||||
10,645 | Next PLC (Department Stores) | 646 | ||||||
40,044 | Provident Financial PLC (Consumer Finance) | 893 | ||||||
727,816 | Prudential PLC (Life & Health Insurance) | 10,382 | ||||||
4,450 | RecKitt Benckiser Group PLC (Household Products) | 282 | ||||||
268,348 | Resolution Ltd. (Life & Health Insurance) | 1,092 | ||||||
805,184 | Rexam PLC (Metal & Glass Containers) | 5,760 | ||||||
169,824 | Rio Tinto PLC (Diversified Metals & Mining) | 9,904 | ||||||
646,682 | Rolls-Royce Holdings PLC (Aerospace & Defense) | 9,274 | ||||||
28,237 | Rotork PLC (Industrial Machinery) | 1,179 | ||||||
196,072 | Royal Dutch Shell PLC, A Shares (Integrated Oil & Gas) | 6,805 | ||||||
61,052 | Royal Dutch Shell PLC, A Shares (Integrated Oil & Gas) | 2,101 | ||||||
223,300 | Royal Dutch Shell PLC, B Shares (Integrated Oil & Gas) | 7,965 | ||||||
256,474 | RSA Insurance Group PLC (Multi-line Insurance) | 530 | ||||||
202,033 | SABMiller PLC (Brewers) | 9,375 | ||||||
44,473 | SEGRO PLC (Industrial Real Estate Investment Trusts) | 181 | ||||||
17,534 | Severn Trent PLC (Water Utilities) | 451 | ||||||
64,661 | Spirax-Sarco Engineering PLC (Industrial Machinery) | 2,421 | ||||||
69,095 | SSE PLC (Electric Utilities) | 1,607 | ||||||
184,693 | Standard Chartered PLC (Diversified Banks) | 4,779 | ||||||
169,986 | Standard Life PLC (Life & Health Insurance) | 929 | ||||||
4,290,789 | Tesco PLC (Food Retail) | 23,632 | ||||||
127,318 | Tui Travel PLC (Hotels, Resorts & Cruise Lines) | 591 | ||||||
136,896 | Tullow Oil PLC (Oil & Gas Exploration & Production) | 2,853 | ||||||
49,882 | United Utilities Group PLC (Multi-Utilities) | 549 | ||||||
20,064 | Vedanta Resources PLC (Diversified Metals & Mining) | 387 | ||||||
8,550,175 | Vodafone Group PLC (Wireless Telecommunication Services) | 21,520 | ||||||
87,985 | WH Smith PLC (Specialty Stores) | 963 | ||||||
102,656 | Whitbread PLC (Restaurants) | 4,125 | ||||||
784,526 | William Morrison Supermarkets PLC (Food Retail) | 3,368 | ||||||
366,888 | WPP PLC (Broadcasting) | 5,359 |
See accompanying notes to financial statements.
102
HC CAPITAL TRUST
The Institutional International Equity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares or Principal Amount (000) | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
United Kingdom (continued) | ||||||||
140,775 | Xstrata PLC (Diversified Metals & Mining) | $ | 2,457 | |||||
406,248 | ||||||||
United States — 0.18% | ||||||||
38,211 | Liberty Global, Inc., Class – A (Cable & Satellite) (a)* | 2,407 | ||||||
43,053 | Virgin Media, Inc. (Cable & Satellite)* | 1,582 | ||||||
3,989 | ||||||||
Total Common Stocks | 2,187,618 | |||||||
Preferred Stocks — 0.39% | ||||||||
Brazil — 0.00% | ||||||||
10,100 | Oi SA – Preferred (Integrated Telecommunication Services)* | 41 | ||||||
Germany — 0.39% | ||||||||
13,643 | Bayerische Motoren Werke AG – Preferred (Automobile Manufacturers) | 884 | ||||||
6,842 | Fuchs Petrolub AG – Preferred (Oil & Gas Exploration & Production) | 511 | ||||||
81,346 | Henkel AG & Co. KGaA – Preferred (Household Products) | 6,692 | ||||||
23,173 | ProSiebenSat.1 Media AG – Preferred (Broadcasting) | 660 | ||||||
8,747 | ||||||||
Total Preferred Stocks | 8,788 | |||||||
Right — 0.00% | ||||||||
Singapore — 0.00% | ||||||||
487,934 | Olam International Ltd., Class – R1 (Food Distributors) (a) | 61 | ||||||
Total Right | 61 | |||||||
Time Deposit — 0.43% | ||||||||
$ 9,496 | State Street Liquidity Management Control System Time Deposit, 0.01%, 1/2/13 | 9,496 | ||||||
Total Time Deposit | 9,496 |
Shares | Security Description | Value (000) | ||||||
Mutual Funds — 0.15% | ||||||||
United States — 0.15% | ||||||||
1,675,902 | Alliance Money Market Fund Prime Portfolio, 0.11% (c) | $ | 1,676 | |||||
1,583,979 | SSgA U.S. Government Money Market Fund, 0.00% (c) | 1,584 | ||||||
Total Mutual Funds | 3,260 | |||||||
Total Investments (cost $1,925,137) — 99.58% | 2,209,223 | |||||||
Other assets in excess of liabilities — 0.42% | 9,207 | |||||||
Net Assets — 100.00% | $ | 2,218,430 |
* | Security was not Fair valued on December 31, 2012 and represents a Level 1 security. All other stocks were fair valued and represent Level 2 securities. Refer to Note 2 in the Notes to Financial Statements. |
(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) | The rate disclosed is the rate in effect on December 31, 2012. |
ADR — American Depositary Receipt
FDR — Fiduciary Depositary Receipt
GDR — Global Depositary Receipt
NYS — New York Registered Shares
See accompanying notes to financial statements.
103
HC CAPITAL TRUST
The Institutional International Equity Portfolio
Portfolio of Investments (concluded) — December 31, 2012 (Unaudited)
The following table reflects the percentage of the total net assets of the Portfolio attributable to each Specialist Manager; see Note 3 in the Notes to Financial Statements.
The Institutional International Equity Portfolio | Artisan Partners LP | Capital Guardian Trust Co. | Causeway Capital Management LLC | Lazard Asset Management LLC | SSgA Funds Management, Inc. – Quality Yield | SSgA Funds Management, Inc. – Japan | Total | |||||||||||||||||||||
Common Stocks | 18.04 | % | 17.46 | % | 17.85 | % | 11.13 | % | 28.97 | % | 5.16 | % | 98.61 | % | ||||||||||||||
Preferred Stocks | 0.30 | % | 0.02 | % | — | — | 0.07 | % | — | 0.39 | % | |||||||||||||||||
Right | — | 0.00 | % | — | — | — | — | 0.00 | % | |||||||||||||||||||
Time Deposit | 0.06 | % | 0.37 | % | — | — | — | — | 0.43 | % | ||||||||||||||||||
Mutual Funds | — | — | — | 0.07 | % | 0.05 | % | 0.03 | % | 0.15 | % | |||||||||||||||||
Other Assets (Liabilities) | 0.06 | % | 0.05 | % | 0.15 | % | 0.02 | % | 0.13 | % | 0.01 | % | 0.42 | % | ||||||||||||||
Total Investments | 18.46 | % | 17.90 | % | 18.00 | % | 11.22 | % | 29.22 | % | 5.20 | % | 100.00 | % |
The following table reflects the open derivative positions held by the Portfolio as of December 31, 2012.
Long Futures
Number of Contracts | Futures Contracts Positions^ | Value (000) | Expiration | Unrealized Appreciation/(Depreciation) (000) | ||||||||||||
8 | Tokyo Price Index Future | $ | 796 | 3/8/13 | $ | 71 | ||||||||||
Net Unrealized Appreciation/(Depreciation) | $ | 71 |
^ | Cash has been pledged as collateral for futures contracts held by the Portfolio. |
Currency Contracts
Contract Amount (Local Currency) | Currency | Counterparty | Settlement Date | Settlement Value (000) | Value on 12/31/12 (000) | Unrealized Appreciation/ (Depreciation) (000) | ||||||||||||||||||
Currencies Purchased | ||||||||||||||||||||||||
49,263,536 | Japanese Yen | Commerzbank AG | 3/22/13 | $ | 584 | $ | 569 | $ | (15) | |||||||||||||||
163,288,279 | Japanese Yen | Merrill Lynch | 1/7/13 | 1,904 | 1,885 | (19) | ||||||||||||||||||
102,412,859 | Japanese Yen | Morgan Stanley | 1/8/13 | 1,190 | 1,182 | (8) | ||||||||||||||||||
73,394,000 | Japanese Yen | Bank of New York | 1/8/13 | 850 | 847 | (3) | ||||||||||||||||||
Total Currencies Purchased | $ | 4,528 | $ | 4,483 | $ | (45) | ||||||||||||||||||
Currencies Sold | ||||||||||||||||||||||||
1,150,400 | Euro | State Street | 2/19/13 | $ | 1,471 | $ | 1,519 | $ | (48) | |||||||||||||||
3,336,300 | Euro | State Street | 2/19/13 | 4,255 | 4,405 | (150) | ||||||||||||||||||
2,261,300 | Euro | State Street | 2/19/13 | 2,891 | 2,986 | (95) | ||||||||||||||||||
2,938,000 | Euro | Bank of America | 1/17/13 | 3,868 | 3,878 | (10) | ||||||||||||||||||
66,831,567 | Japanese Yen | Mellon Bank | 1/8/13 | 777 | 772 | 5 | ||||||||||||||||||
73,394,000 | Japanese Yen | Bank of New York | 1/8/13 | 893 | 848 | 45 | ||||||||||||||||||
476,486,000 | Japanese Yen | UBS Warburg | 1/18/13 | 5,674 | 5,502 | 172 | ||||||||||||||||||
91,920,000 | Japanese Yen | Bank of New York | 2/7/13 | 1,066 | 1,062 | 4 | ||||||||||||||||||
Total Currencies Sold | $ | 20,895 | $ | 20,972 | $ | (77) | ||||||||||||||||||
Net Unrealized Appreciation/(Depreciation) | $ | (122) |
See accompanying notes to financial statements.
104
HC CAPITAL TRUST
The Emerging Markets Portfolio
Portfolio of Investments — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks — 91.46% | ||||||||
Bermuda — 0.50% | ||||||||
3,405,577 | Cosco Pacific Ltd. (Marine Ports & Services) | $ | 4,938 | |||||
Brazil — 11.59% | ||||||||
45,054 | AES Tiete SA – Preferred (Independent Power Producers & Energy Traders)* | 519 | ||||||
130,200 | Arteris SA (Highways & Railtracks) (a)* | 1,205 | ||||||
107,128 | Banco Bradesco SA – Sponsored ADR (Diversified Banks)* | 1,861 | ||||||
401,947 | Banco do Brasil SA (Diversified Banks)* | 5,027 | ||||||
346,168 | Banco Santander Brasil SA (Biotechnology)* | 2,532 | ||||||
987,840 | Banco Santander Brasil SA – Sponsored ADR (Diversified Banks)* | 7,182 | ||||||
913,516 | BM&F BOVESPA SA (Specialized Finance)* | 6,248 | ||||||
312,300 | Brasil Insurance Participacoes e Adminstracao SA (Insurance Brokers)* | 3,051 | ||||||
31,200 | Cia de Saneamento Basico do Estado de Sao Paulo SABESP – Sponsored ADR (Water Utilities)* | 2,607 | ||||||
70,700 | Companhia de Bebidas das Americas – Sponsored ADR (Brewers)* | 2,969 | ||||||
138,600 | Cosan SA Industria e Comercio (Oil & Gas Refining & Marketing) (a)* | 2,827 | ||||||
105,784 | CPFL Energia SA (Electric Utilities)* | 1,106 | ||||||
280,500 | Diagnosticos da America SA (Health Care Services)* | 1,807 | ||||||
584,847 | EDP – Energias do Brasil SA (Electric Utilities)* | 3,569 | ||||||
95,100 | EZ Tec Empreendimentos e Participacoes SA (Homebuilding)* | 1,194 | ||||||
295,400 | Gafisa SA – Sponsored ADR (Homebuilding) (a)* | 1,374 | ||||||
35,240 | Gerdau SA – Sponsored ADR (Steel)* | 317 | ||||||
57,200 | Iochpe-Maxion SA (Construction & Farm Machinery & Heavy Trucks)* | 764 | ||||||
351,668 | Itau Unibanco Holding SA (Diversified Banks)* | 5,736 | ||||||
297,350 | Itau Unibanco Holding SA – Sponsored ADR (Diversified Banks)* | 4,894 | ||||||
1,123,101 | Itausa – Investimentos Itau SA – Preferred (Diversified Banks)* | 5,317 | ||||||
914,700 | JBS SA (Packaged Foods & Meats) (a)* | 2,681 | ||||||
27,569 | Light SA (Electric Utilities)* | 301 | ||||||
244,900 | Magnesita Refratarios SA (Construction Materials)* | 987 | ||||||
43,600 | Natura Cosmeticos SA (Personal Products)* | 1,249 | ||||||
940,400 | Petroleo Brasileiro SA – Sponsored ADR (Integrated Oil & Gas)* | 18,310 | ||||||
242,121 | Porto Seguro SA (Multi-line Insurance)* | 2,778 | ||||||
114,700 | Souza Cruz SA (Tobacco)* | 1,726 | ||||||
300,555 | Sul America SA (Multi-line Insurance)* | 2,599 |
Shares | Security Description | Value (000) | ||||||
Brazil (continued) | ||||||||
152,300 | Telefonica Brasil SA – Sponsored ADR (Integrated Telecommunication Services)* | $ | 3,664 | |||||
71,692 | Tractebel Energia SA (Independent Power Producers & Energy Traders)* | 1,168 | ||||||
200,353 | Vale SA (Steel)* | 4,138 | ||||||
623,480 | Vale SA – Sponsored ADR (Steel)* | 13,068 | ||||||
114,775 | ||||||||
Cayman Islands — 0.11% | ||||||||
429,000 | Asia Cement China Holdings Corp. (Construction Materials) | 216 | ||||||
1,070,000 | Bosideng International Holdings Ltd. (Apparel, Accessories & Luxury Goods) | 322 | ||||||
111,000 | Chailease Holding Co. Ltd. (Diversified Banks) | 256 | ||||||
391,000 | Dongyue Group (Specialty Chemicals) | 264 | ||||||
1,058 | ||||||||
Chile — 0.56% | ||||||||
461,373 | AES Gener SA (Home Entertainment Software) (a)* | 297 | ||||||
443,281 | Aguas Andinas SA, Class – A (Water Utilities)* | 315 | ||||||
3,445,050 | Banco de Chile SA (Diversified Banks)* | 557 | ||||||
108,102 | Banco de Chile, T Shares (Diversified Banks) (a)* | 16 | ||||||
6,163 | Banco de Credito e Inversiones (Diversified Banks)* | 424 | ||||||
12,890,720 | Banco Santander Chile (Diversified Banks)* | 909 | ||||||
14,415 | Cap SA (Steel)* | 484 | ||||||
18,320,494 | CorpBanca (Diversified Banks)* | 246 | ||||||
634,531 | Empresa Nacional de Electricidad SA (Independent Power Producers & Energy Traders)* | 1,032 | ||||||
2,585,982 | Enersis SA (Electric Utilities)* | 950 | ||||||
160,862 | Vina Concha y Toro SA (Distillers & Vintners)* | 314 | ||||||
5,544 | ||||||||
China — 14.44% | ||||||||
4,221,000 | Agricultural Bank of China Ltd., H Shares (Diversified Banks) | 2,130 | ||||||
483,500 | Anhui Conch Cement Co. Ltd., H Shares (Construction Materials) | 1,806 | ||||||
24,300,100 | Bank of China Ltd., H Shares (Diversified Banks) | 11,006 | ||||||
2,862,000 | Beijing Capital International Airport Co. Ltd., H Shares (Airport Services) | 2,078 | ||||||
5,791,000 | BYD Electronic International Co. Ltd. (Communications Equipment) | 1,523 | ||||||
400,000 | China BlueChemical Ltd., H Shares (Fertilizers & Agricultural Chemicals) | 273 | ||||||
1,435,000 | China CITIC Bank Corp. Ltd., H Shares (Real Estate Development) | 870 | ||||||
5,181,000 | China Coal Energy Co. Ltd., H Shares (Coal & Consumable Fuels) | 5,758 |
See accompanying notes to financial statements.
105
HC CAPITAL TRUST
The Emerging Markets Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
China (continued) | ||||||||
3,744,000 | China Communications Services Corp. Ltd., H Shares (Integrated Telecommunication Services) | $ | 2,188 | |||||
21,240,250 | China Construction Bank Corp., H Shares (Diversified Banks) | 17,358 | ||||||
210,500 | China International Marine Containers Group Co. Ltd., H Shares (Industrial Machinery) (a) | 323 | ||||||
1,064,000 | China Life Insurance Co. Ltd., H Shares (Life & Health Insurance) | 3,524 | ||||||
766,500 | China Merchants Bank Co. Ltd., H Shares (Diversified Banks) | 1,723 | ||||||
3,196,500 | China Minsheng Banking Corp. Ltd., H Shares (Diversified Banks) | 3,755 | ||||||
80,230 | China Mobile Ltd. – Sponsored ADR (Wireless Telecommunication Services)* | 4,711 | ||||||
722,000 | China National Building Material Co. Ltd., H Shares (Construction Materials) | 1,084 | ||||||
7,380,000 | China Petroleum & Chemical Corp., H Shares (Integrated Oil & Gas) | 8,497 | ||||||
3,524,000 | China Power International Development Ltd. (Independent Power Producers & Energy Traders) | 1,127 | ||||||
2,100,000 | China Railway Construction Corp. Ltd., H Shares (Construction & Engineering) | 2,430 | ||||||
3,327,000 | China Railway Group Ltd., H Shares (Construction & Engineering) | 1,978 | ||||||
1,240,000 | China Shenhua Energy Co. Ltd., H Shares (Coal & Consumable Fuels) | 5,555 | ||||||
692,000 | China Southern Airlines Co. Ltd., H Shares (Airlines) | 354 | ||||||
574,000 | Datang International Power Generation Co. Ltd., H Shares (Independent Power Producers & Energy Traders) | 221 | ||||||
445,000 | Dongfeng Motor Group Co. Ltd., H Shares (Automobile Manufacturers) | 701 | ||||||
230,000 | ENN Energy Holdings Ltd. (Gas Utilities) | 1,008 | ||||||
9,981,200 | Global Bio-Chem Technology Group Co. Ltd. (Agricultural Products) | 1,150 | ||||||
239,500 | Great Wall Motor Co. Ltd., H Shares (Automobile Manufacturers) | 770 | ||||||
5,219,324 | Guangzhou Automobile Group Co. Ltd., H Shares (Automobile Manufacturers) | 4,706 | ||||||
51,644 | Huaneng Power International, Inc. – Sponsored ADR (Electric Utilities)* | 1,919 | ||||||
910,000 | Huaneng Power International, Inc., H Shares (Electric Utilities) | 850 | ||||||
21,986,440 | Industrial & Commercial Bank of China Ltd., H Shares (Diversified Banks) | 15,870 | ||||||
304,360 | Inner Mongolia Yitai Coal Co. Ltd., Class – B (Coal & Consumable Fuels) | 1,738 | ||||||
446,000 | Jiangsu Expressway Co. Ltd., H Shares (Highways & Railtracks) | 464 |
Shares | Security Description | Value (000) | ||||||
China (continued) | ||||||||
744,000 | Jiangxi Copper Co. Ltd., H Shares (Diversified Metals & Mining) | $ | 2,004 | |||||
2,532,000 | Lianhua Supermarket Holdings Ltd., H shares (Hypermarkets & Super Centers) | 2,441 | ||||||
24,120 | PetroChina Co. Ltd. – Sponsored ADR (Integrated Oil & Gas)* | 3,468 | ||||||
5,980,000 | PetroChina Co. Ltd., H Shares (Integrated Oil & Gas) | 8,627 | ||||||
2,186,000 | PICC Property & Casualty Co. Ltd., H Shares (Property & Casualty Insurance) | 3,122 | ||||||
762,500 | Shimao Property Holdings Ltd. (Real Estate Development) | 1,472 | ||||||
509,000 | Shui On Land Ltd. (Independent Power Producers & Energy Traders) | 250 | ||||||
9,185,000 | Sinotrans Ltd., H Shares (Air Freight & Logistics) | 1,502 | ||||||
393,500 | Soho China Ltd. (Real Estate Development) | 320 | ||||||
131,300 | Tencent Holdings Ltd. (Internet Software & Services) | 4,306 | ||||||
514,000 | TPV Technology Ltd. (Computer Storage & Peripherals) | 141 | ||||||
1,080,000 | Weiqiao Textile Co. Ltd., H Shares (Textiles) | 428 | ||||||
1,140,000 | Yanzhou Coal Mining Co. Ltd., H Shares (Coal & Consumable Fuels) | 1,943 | ||||||
4,342,000 | Zhejiang Expressway Co. Ltd., H Shares (Highways & Railtracks) | 3,435 | ||||||
142,907 | ||||||||
Colombia — 0.53% | ||||||||
1,685,899 | Ecopetrol SA (Integrated Oil & Gas)* | 5,212 | ||||||
Czech Republic — 0.27% | ||||||||
9,894 | Komercni Banka A/S (Diversified Banks) | 2,093 | ||||||
36,743 | Telefonica O2 Czech Republic A/S (Integrated Telecommunication Services) | 626 | ||||||
2,719 | ||||||||
Egypt — 0.25% | ||||||||
110,236 | Commercial International Bank Egypt SAE (Diversified Banks) | 600 | ||||||
33,430 | Orascom Construction Industries (Construction & Engineering) (a) | 1,329 | ||||||
634,613 | Orascom Telecom Holding SAE (Wireless Telecommunication Services) | 400 | ||||||
43,618 | Telecom Egypt Co. (Integrated Telecommunication Services) | 97 | ||||||
2,426 | ||||||||
Hong Kong — 3.27% | ||||||||
164,000 | China Everbright Ltd. (Commodity Chemicals) | 323 | ||||||
442,297 | China Merchants Holdings (International) Co. Ltd. (Marine Ports & Services) | 1,445 | ||||||
1,248,500 | China Mobile Ltd. (Wireless Telecommunication Services) | 14,693 |
See accompanying notes to financial statements.
106
HC CAPITAL TRUST
The Emerging Markets Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Hong Kong (continued) | ||||||||
492,000 | CITIC Pacific Ltd. (Industrial Conglomerates) | $ | 744 | |||||
1,741,000 | CNOOC Ltd. (Oil & Gas Exploration & Production) | 3,836 | ||||||
2,319,337 | Evergrande Real Estate Group Ltd. (Real Estate Development) | 1,308 | ||||||
376,000 | Fosun International (Steel) | 243 | ||||||
912,000 | Guangdong Investment Ltd. (Water Utilities) | 722 | ||||||
884,000 | Guangzhou R&F Properties Co. Ltd., H Shares (Real Estate Development) | 1,498 | ||||||
503,656 | NWS Holdings Ltd. (Industrial Conglomerates) | 856 | ||||||
1,305,000 | Shanghai Industrial Holdings Ltd. (Industrial Conglomerates) | 4,653 | ||||||
2,636,000 | Shougang Fushan Resources Group Ltd. (Diversified Metals & Mining) | 989 | ||||||
3,172,000 | Yuexiu Property Co. Ltd. (Diversified Real Estate Activities) | 1,020 | ||||||
32,330 | ||||||||
Hungary — 0.32% | ||||||||
87,987 | Magyar Telekom Telecommunications PLC (Integrated Telecommunication Services) | 150 | ||||||
85,219 | OTP Bank Nyrt PLC (Electrical Components & Equipment) | 1,609 | ||||||
8,800 | Richter Gedeon Nyrt (Pharmaceuticals) | 1,447 | ||||||
3,206 | ||||||||
India — 7.67% | ||||||||
15,932 | ACC Ltd. (Construction Materials) | 420 | ||||||
80,852 | Ambuja Cements Ltd. (Construction Materials) | 300 | ||||||
8,497 | Asian Paints Ltd. (Specialty Chemicals) | 692 | ||||||
29,550 | Axis Bank Ltd. (Diversified Banks) | 742 | ||||||
22,488 | Bajaj Auto Ltd. (Motorcycle Manufacturers) | 880 | ||||||
3,000 | Bank of Baroda (Diversified Banks) | 48 | ||||||
639,580 | Bharat Heavy Electricals Ltd. (Heavy Electrical Equipment) | 2,703 | ||||||
134,455 | Coal India Ltd. (Coal & Consumable Fuels) | 877 | ||||||
118,614 | HCL Technologies Ltd. (IT Consulting & Other Services) | 1,348 | ||||||
124,117 | HDFC Bank Ltd. (Diversified Banks) | 1,547 | ||||||
10,541 | Hero MotoCorp Ltd. (Motorcycle Manufacturers) | 369 | ||||||
266,640 | Hindustan Petroleum Corp. Ltd. (Oil & Gas Refining & Marketing) | 1,416 | ||||||
373,231 | Hindustan Unilever Ltd. (Household Products) | 3,596 | ||||||
128,348 | ICICI Bank Ltd. (Diversified Banks) | 2,686 | ||||||
55,000 | ICICI Bank Ltd. – Sponsored ADR (Diversified Banks)* | 2,399 | ||||||
1,356,284 | India Cements Ltd. (Construction Materials) | 2,270 |
Shares | Security Description | Value (000) | ||||||
India (continued) | ||||||||
75,000 | Infosys Ltd. (IT Consulting & Other Services) | $ | 3,177 | |||||
35,318 | Infosys Ltd. – Sponsored ADR (IT Consulting & Other Services)* | 1,494 | ||||||
930,985 | ITC Ltd. (Tobacco) | 4,903 | ||||||
267,026 | Jubilant Life Sciences Ltd. (Diversified Chemicals) | 1,098 | ||||||
38,150 | LIC Housing Finance Ltd. (Thrifts & Mortgage Finance) | 204 | ||||||
614,790 | NMDC Ltd. (Diversified Metals & Mining) | 1,868 | ||||||
30,000 | NTPC Ltd. (Specialty Chemicals) | 86 | ||||||
242,339 | Oil & Natural Gas Corp. Ltd. (Oil & Gas Exploration & Production) | 1,195 | ||||||
375,492 | Oriental Bank of Commerce (Diversified Banks) | 2,425 | ||||||
300,650 | Power Grid Corp. of India Ltd. (Electric Utilities) | 634 | ||||||
121,320 | Punjab National Bank (Diversified Capital Markets) | 1,951 | ||||||
448,270 | Reliance Industries Ltd. (Oil & Gas Refining & Marketing) | 6,941 | ||||||
139,050 | Reliance Industries Ltd. – Sponsored GDR (Oil & Gas Refining & Marketing) (b) | 4,261 | ||||||
888,289 | Rolta India Ltd. (IT Consulting & Other Services) | 1,009 | ||||||
234,312 | Rural Electrification Corp. Ltd. (Specialized Finance) | 1,062 | ||||||
130,302 | Satyam Computer Services Ltd. (IT Consulting & Other Services) (a) | 256 | ||||||
151,515 | State Bank of India (Diversified Banks) | 6,687 | ||||||
1,197,510 | Steel Authority of India Ltd. (Steel) | 2,003 | ||||||
1,274,840 | Sterlite Industries (India) Ltd. (Diversified Metals & Mining) | 2,727 | ||||||
80,180 | Sterlite Industries (India) Ltd. – Sponsored ADR (Diversified Metals & Mining)* | 690 | ||||||
74,740 | Sun Pharmaceutical Industries Ltd. (Pharmaceuticals) | 1,011 | ||||||
30,974 | Tata Consultancy Services Ltd. (IT Consulting & Other Services) | 714 | ||||||
530,969 | Tata Motors Ltd. (Construction & Farm Machinery & Heavy Trucks) | 3,052 | ||||||
58,952 | Tata Motors Ltd. – Sponsored ADR (Construction & Farm Machinery & Heavy Trucks)* | 1,693 | ||||||
13,845 | Tata Steel Ltd. (Steel) | 110 | ||||||
20,000 | Tata Steel Ltd. – Sponsored GDR, Registered Shares (Steel) | 163 | ||||||
24,233 | Ultra Tech Cement Ltd. (Construction Materials) | 885 | ||||||
44,150 | Wipro Ltd. (IT Consulting & Other Services) | 320 | ||||||
118,150 | Wipro Ltd. – Sponsored ADR (IT Consulting & Other Services)* | 1,035 | ||||||
75,947 |
See accompanying notes to financial statements.
107
HC CAPITAL TRUST
The Emerging Markets Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Indonesia — 1.52% | ||||||||
5,559,500 | PT Adaro Energy Tbk (Coal & Consumable Fuels) | $ | 923 | |||||
3,494,000 | PT Aneka Tambang Tbk (Diversified Metals & Mining) | 467 | ||||||
150,025 | PT Astra Agro Lestari Tbk (Agricultural Products) | 308 | ||||||
689,500 | PT Bank Mandiri Tbk (Diversified Banks) | 583 | ||||||
6,515,500 | PT Bank Negara Indonesia Persero Tbk (Diversified Banks) | 2,513 | ||||||
291,538 | PT Indo Tambangraya Megah Tbk (Coal & Consumable Fuels) | 1,263 | ||||||
1,698,500 | PT Indofood Sukses Makmur Tbk (Packaged Foods & Meats) | 1,034 | ||||||
1,619,000 | PT Indosat Tbk (Wireless Telecommunication Services) | 1,088 | ||||||
4,214,000 | PT Medco Energi Internasional Tbk (Oil & Gas Exploration & Production) | 717 | ||||||
2,918,637 | PT Perusahaan Gas Negara Tbk (Gas Utilities) | 1,399 | ||||||
310,169 | PT Tambang Batubara Bukit Asam Tbk (Coal & Consumable Fuels) | 489 | ||||||
3,058,370 | PT Telekomunikasi Indonesia Tbk (Integrated Telecommunication Services) | 2,885 | ||||||
649,500 | PT United Tractors Tbk (Construction & Farm Machinery & Heavy Trucks) | 1,341 | ||||||
15,010 | ||||||||
Malaysia — 1.81% | ||||||||
197,000 | Alliance Financial Group Berhad (Diversified Banks) | 285 | ||||||
455,500 | Axiata Group Berhad (Wireless Telecommunication Services) | 986 | ||||||
238,700 | Berjaya Sports Toto Berhard (Casinos & Gaming) | 348 | ||||||
593,800 | Gamuda Berhad (Construction & Engineering) | 709 | ||||||
1,072,800 | Genting Berhad (Casinos & Gaming) | 3,244 | ||||||
1,152,700 | IOI Corp. Berhad (Agricultural Products) | 1,928 | ||||||
171,800 | Kuala Lumpur Kepong Berhad (Agricultural Products) | 1,354 | ||||||
77,100 | Lafarge Malayan Cement Berhad (Construction Materials) | 243 | ||||||
758,145 | Malayan Banking Berhad (Diversified Banks) | 2,287 | ||||||
389,500 | Maxis Berhad (Wireless Telecommunication Services) | 847 | ||||||
396,900 | MISC Berhad (Marine) (a) | 561 | ||||||
238,800 | Parkson Holdings Berhad (Department Stores) | 408 | ||||||
990,900 | Sime Darby Berhad (Other Diversified Financial Services) | 3,096 |
Shares | Security Description | Value (000) | ||||||
Malaysia (continued) | ||||||||
212,200 | Telekom Malaysia Berhad (Integrated Telecommunication Services) | $ | 419 | |||||
304,100 | UMW Holdings Berhad (Auto Parts & Equipment) | 1,192 | ||||||
17,907 | ||||||||
Mexico — 2.95% | ||||||||
481,400 | Alfa SAB, Class – A (Industrial Conglomerates)* | 1,023 | ||||||
216,060 | America Movil SAB de CV, Series L – Sponsored ADR (Wireless Telecommunication Services)* | 5,000 | ||||||
133,072 | Arca Continental SAB de CV (Soft Drinks)* | 991 | ||||||
90,900 | Cemex SAB de CV – Sponsored ADR (Construction Materials) (a)* | 897 | ||||||
181,672 | Coca-Cola FEMSA SAB de CV, Series L (Soft Drinks)* | 2,701 | ||||||
204,954 | Compartamos SAB de CV (Consumer Finance)* | 293 | ||||||
1,374,200 | Consorcio ARA SAB de CV (Homebuilding) (a)* | 439 | ||||||
186,830 | Desarrolladora Homex SA de CV – Sponsored ADR (Homebuilding) (a)* | 2,332 | ||||||
3,700 | Fomento Economico Mexicano SAB de CV - Sponsored ADR (Soft Drinks)* | 373 | ||||||
127,437 | Grupo Aeroportuario del Pacifico SAB de CV, B Shares (Airport Services)* | 728 | ||||||
85,697 | Grupo Aeroportuario del Sureste SAB de CV, Class – B (Airport Services)* | 974 | ||||||
236,108 | Grupo Carso SAB de CV, Series A1 (Industrial Conglomerates)* | 1,160 | ||||||
211,000 | Grupo Financiero Banorte SAB de CV (Diversified Banks)* | 1,363 | ||||||
42,100 | Grupo Financiero Santander Mexico SAB de CV – Sponsored ADR, Class – B (Diversified Banks) (a)* | 681 | ||||||
1,782,845 | Grupo Mexico SAB de CV, Series B (Diversified Metals & Mining)* | 6,432 | ||||||
267,744 | Grupo Modelo SAB de CV, Series C (Brewers)* | 2,402 | ||||||
28,935 | Industrias Penoles SA de CV (Precious Metals & Minerals)* | 1,460 | ||||||
29,249 | ||||||||
Morocco — 0.02% | ||||||||
14,875 | Maroc Telecom (Integrated Telecommunication Services) | 186 | ||||||
Peru — 0.59% | ||||||||
60,900 | Compania de Minas Buenaventura SA – Sponsored ADR (Gold)* | 2,189 | ||||||
24,600 | Credicorp Ltd. (Diversified Banks)* | 3,606 | ||||||
5,795 | ||||||||
Philippines — 0.73% | ||||||||
747,197 | Aboitiz Equity Ventures, Inc. (Industrial Conglomerates) | 967 |
See accompanying notes to financial statements.
108
HC CAPITAL TRUST
The Emerging Markets Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Philippines (continued) | ||||||||
870,300 | Aboitiz Power Corp. (Independent Power Producers & Energy Traders) | $ | 784 | |||||
1,583,668 | Alliance Global Group, Inc. (Food Distributors) | 649 | ||||||
359,129 | Bank of the Philippine Islands (Diversified Banks) | 834 | ||||||
572,360 | DMCI Holdings, Inc. (Industrial Conglomerates) | 752 | ||||||
137,230 | First Philippine Holdings Corp. (Electric Utilities) | 301 | ||||||
6,085 | Globe Telecom, Inc. (Wireless Telecommunication Services) | 163 | ||||||
447,849 | Metropolitan Bank & Trust Co. (Diversified Banks) | 1,115 | ||||||
2,850 | Philippine Long Distance Telephone Co. (Wireless Telecommunication Services) | 176 | ||||||
9,900 | Philippine Long Distance Telephone Co. – Sponsored ADR (Wireless Telecommunication Services)* | 607 | ||||||
40,370 | SM Investments Corp. (Industrial Conglomerates) | 871 | ||||||
7,219 | ||||||||
Poland — 1.61% | ||||||||
138,055 | Asseco Poland SA (Systems Software) | 2,026 | ||||||
33,915 | Bank Pekao SA (Diversified Banks) | 1,842 | ||||||
6,809 | Jastrzebska Spolka Weglowa SA (Diversified Metals & Mining) | 204 | ||||||
76,689 | KGHM Polska Miedz SA (Diversified Metals & Mining) | 4,741 | ||||||
144,480 | PGE SA (Electric Utilities) | 853 | ||||||
82,929 | Polski Koncern Naftowy Orlen SA (Oil & Gas Refining & Marketing) (a) | 1,330 | ||||||
27,769 | Powszechny Zaklad Ubezpieczen SA (Multi-line Insurance) | 3,935 | ||||||
101,126 | Synthos SA (Commodity Chemicals) | 179 | ||||||
200,312 | Tauron Polska Energia SA (Electric Utilities) | 308 | ||||||
138,414 | Telekomunikacja Polska SA (Integrated Telecommunication Services) | 547 | ||||||
15,965 | ||||||||
Russia — 6.36% | ||||||||
507,079 | Gazprom OAO – Sponsored ADR (Integrated Oil & Gas) | 4,901 | ||||||
1,807,129 | Gazprom OAO – Sponsored GDR (Integrated Oil & Gas)* | 17,583 | ||||||
65,605 | Globaltrans Investment PLC (Railroads) | 1,083 | ||||||
107,702 | LUKOIL (Integrated Oil & Gas) | 7,154 | ||||||
67,960 | LUKOIL – Sponsored ADR (Integrated Oil & Gas)* | 4,587 | ||||||
29,113 | Magnit OJSC – Sponsored GDR, Registered Shares (Food Retail) | 1,184 | ||||||
35,416 | MegaFon OAO – Sponsored GDR (Wireless Telecommunication Services) (a) | 843 |
Shares | Security Description | Value (000) | ||||||
Russia (continued) | ||||||||
128,505 | Mining & Metallurgical Co. Norilsk Nickel OJSC – Sponsored ADR (Diversified Metals & Mining)* | $ | 2,434 | |||||
125,022 | Mining & Metallurgical Co. Norilsk Nickel OJSC – Sponsored ADR (Diversified Metals & Mining)* | 2,341 | ||||||
117,203 | Mobile TeleSystems OJSC – Sponsored ADR (Wireless Telecommunication Services)* | 2,186 | ||||||
184,796 | Pharmstandard – Registered Shares GDR (Pharmaceuticals) (a) | 3,099 | ||||||
447,461 | Rosneft Oil Co. OJSC – Sponsored GDR, Registered Shares (Integrated Oil & Gas) | 4,054 | ||||||
1,305,521 | Sberbank (Diversified Banks) | 4,070 | ||||||
57,980 | Sberbank of Russia – Sponsored ADR (Diversified Banks)* | 727 | ||||||
48,073 | Severstal (Steel) | 591 | ||||||
411,256 | Surgutneftegaz OAO – Sponsored ADR Preferred (Integrated Oil & Gas)* | 2,731 | ||||||
26,307 | Tatneft – Sponsored GDR, Registered Shares (Oil & Gas Exploration & Production) | 1,171 | ||||||
207,350 | VimpelCom Ltd. – Sponsored ADR (Wireless Telecommunication Services)* | 2,175 | ||||||
62,914 | ||||||||
South Africa — 6.43% | ||||||||
159,105 | ABSA Group Ltd. (Diversified Banks) | 3,102 | ||||||
226,746 | Adcock Ingram Holdings Ltd. (Pharmaceuticals) | 1,446 | ||||||
220,409 | African Bank Investments Ltd. (Other Diversified Financial Services) | 842 | ||||||
78,416 | Anglo Platinum Ltd. (Precious Metals & Minerals) | 4,158 | ||||||
12,484 | Assore Ltd. (Diversified Metals & Mining) | 601 | ||||||
156,493 | AVI Ltd. (Packaged Foods & Meats) | 1,110 | ||||||
60,451 | Clicks Group Ltd. (Drug Retail) | 467 | ||||||
41,325 | Exxaro Resources Ltd. (Diversified Metals & Mining) | 834 | ||||||
1,198,886 | FirstRand Ltd. (Other Diversified Financial Services) | 4,418 | ||||||
410,539 | Growthpoint Properties Ltd. (Specialized Real Estate Investment Trusts) | 1,190 | ||||||
139,391 | Imperial Holdings Ltd. (Distributors) | 3,292 | ||||||
41,758 | Investec Ltd. (Diversified Capital Markets) | 292 | ||||||
325,150 | JD Group Ltd. (Home Improvement Retail) | 1,728 | ||||||
13,302 | Kumba Iron Ore Ltd. (Steel) | 901 | ||||||
60,851 | Liberty Holdings Ltd. (Life & Health Insurance) | 803 | ||||||
174,410 | MMI Holdings Ltd. (Life & Health Insurance) | 459 | ||||||
396,790 | MTN Group Ltd. (Wireless Telecommunication Services) | 8,364 |
See accompanying notes to financial statements.
109
HC CAPITAL TRUST
The Emerging Markets Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
South Africa (continued) | ||||||||
869,756 | Murray & Roberts Holdings Ltd. (Construction & Engineering) (a) | $ | 2,543 | |||||
33,586 | Nedbank Group Ltd. (Diversified Banks) | 752 | ||||||
234,512 | Redefine Properties International Ltd. (Specialized Finance) | 138 | ||||||
384,357 | Redefine Properties Ltd. (Real Estate Operating Companies) | 427 | ||||||
62,785 | Reunert Ltd. (Industrial Conglomerates) | 565 | ||||||
117,997 | RMI Holdings Ltd. (Life & Health Insurance) | 290 | ||||||
52,850 | Samsung Heavy Industries Co. Ltd. (Construction & Farm Machinery & Heavy Trucks) (a) | 1,931 | ||||||
574,526 | Sanlam Ltd. (Life & Health Insurance) | 3,064 | ||||||
100,014 | Sasol Ltd. (Integrated Oil & Gas) | 4,319 | ||||||
648,819 | Standard Bank Group Ltd. (Diversified Banks) | 9,165 | ||||||
743,260 | Telkom South Africa Ltd. (Integrated Telecommunication Services) (a) | 1,484 | ||||||
67,633 | The Foschini Group Ltd. (Apparel Retail) | 1,131 | ||||||
147,181 | Truworths International Ltd. (Apparel Retail) | 1,898 | ||||||
61,462 | Vodacom Group Ltd. (Wireless Telecommunication Services) | 906 | ||||||
120,845 | Woolworths Holdings Ltd. (Department Stores) | 1,019 | ||||||
63,639 | ||||||||
South Korea — 15.87% | ||||||||
33,310 | BS Financial Group, Inc. (Regional Banks) (a) | 413 | ||||||
31,120 | Daewoo Securities Co. Ltd. (Investment Banking & Brokerage) | 354 | ||||||
25,570 | DGB Financial Group, Inc. (Regional Banks) (a) | 349 | ||||||
30,910 | Dongbu Insurance Co. Ltd. (Property & Casualty Insurance) | 1,336 | ||||||
2,769 | Doosan Corp. (Industrial Conglomerates) | 336 | ||||||
18,381 | Doosan Heavy Industries & Construction Co. Ltd. (Construction & Engineering) (a) | 782 | ||||||
20,347 | GS Holdings (Oil & Gas Refining & Marketing) (a) | 1,387 | ||||||
75,350 | Hana Financial Group, Inc. (Diversified Banks) | 2,464 | ||||||
15,960 | Hanwha Chemical Corp. (Commodity Chemicals) (a) | 276 | ||||||
31,820 | Hanwha Corp. (Commodity Chemicals) (a) | 1,020 | ||||||
4,342 | Hyosung Corp. (Commodity Chemicals) (a) | 301 | ||||||
124,880 | Hyundai Development Co. (Construction & Engineering) (a) | 2,547 | ||||||
16,405 | Hyundai Heavy Industries Co. Ltd. (Construction & Farm Machinery & Heavy Trucks) (a) | 3,733 |
Shares | Security Description | Value (000) | ||||||
South Korea (continued) | ||||||||
59,010 | Hyundai Marine & Fire Insurance Co. Ltd. (Property & Casualty Insurance) | $ | 1,842 | |||||
2,862 | Hyundai Mobis (Auto Parts & Equipment) (a) | 777 | ||||||
26,468 | Hyundai Motor Co. Ltd. (Automobile Manufacturers) (a) | 5,457 | ||||||
14,554 | Hyundai Motor Co. Ltd. – Preferred (Automobile Manufacturers) (a) | 1,033 | ||||||
9,192 | Hyundai Motor Co. Ltd. – Preferred (Automobile Manufacturers) (a) | 601 | ||||||
20,650 | Hyundai Securities Co. Ltd. (Investment Banking & Brokerage) | 176 | ||||||
186,890 | Industrial Bank of Korea (Diversified Banks) (a) | 2,090 | ||||||
86,191 | Jinro Ltd. (Distillers & Vintners) (a) | 2,447 | ||||||
37,270 | Kangwon Land, Inc. (Casinos & Gaming) (a) | 1,019 | ||||||
229,684 | KB Financial Group, Inc. (Diversified Banks) (a) | 8,205 | ||||||
63,190 | KB Financial Group, Inc. – Sponsored ADR (Diversified Banks) (a)* | 2,269 | ||||||
5,197 | KCC Corp. (Building Products) | 1,453 | ||||||
100,092 | Kia Motors Corp. (Automobile Manufacturers) (a) | 5,323 | ||||||
82,920 | Korea Electric Power Corp. (Electric Utilities) (a) | 2,355 | ||||||
443,750 | Korea Electric Power Corp. – Sponsored ADR (Electric Utilities) (a)* | 6,199 | ||||||
230,380 | Korea Exchange Bank (Diversified Banks) (a) | 1,648 | ||||||
32,920 | Korea Life Insurance Co. Ltd. (Life & Health Insurance) | 238 | ||||||
49,620 | KT Corp. (Integrated Telecommunication Services) (a) | 1,650 | ||||||
39,610 | KT Corp. – Sponsored ADR (Integrated Telecommunication Services) (a)* | 663 | ||||||
71,613 | KT&G Corp. (Tobacco) (a) | 5,421 | ||||||
37,245 | LG Corp. (Industrial Conglomerates) (a) | 2,282 | ||||||
67,661 | LG Electronics, Inc. (Consumer Electronics) (a) | 4,696 | ||||||
44,230 | LG UPlus Corp. (Integrated Telecommunication Services) (a) | 324 | ||||||
6,822 | LS Corp. (Electrical Components & Equipment) (a) | 604 | ||||||
25,431 | Mando Corp. (Auto Parts & Equipment) (a) | 3,078 | ||||||
113,160 | Mirae Asset Securities Co. Ltd. (Asset Management & Custody Banks) | 3,802 | ||||||
3,135 | Nong Shim Co. Ltd. (Packaged Foods & Meats) (a) | 795 | ||||||
26,483 | POSCO (Steel) | 8,677 | ||||||
26,790 | POSCO – Sponsored ADR (Steel)* | 2,201 | ||||||
17,669 | S-Oil Corp. (Oil & Gas Refining & Marketing) | 1,745 | ||||||
6,558 | S1 Corp. (Security & Alarm Services) (a) | 429 |
See accompanying notes to financial statements.
110
HC CAPITAL TRUST
The Emerging Markets Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
South Korea (continued) | ||||||||
8,200 | Samsung Card Co. Ltd. (Consumer Finance) (a) | $ | 281 | |||||
16,031 | Samsung Electronics Co. Ltd. (Semiconductors) | 23,036 | ||||||
31,638 | Samsung Fire & Marine Insurance Co. Ltd. (Property & Casualty Insurance) | 6,428 | ||||||
11,609 | Samsung Life Insurance Co. Ltd. (Life & Health Insurance) | 1,024 | ||||||
11,757 | Samsung Securities Co. Ltd. (Investment Banking & Brokerage) | 593 | ||||||
180,040 | Shinhan Financial Group Co. Ltd. (Diversified Banks) (a) | 6,590 | ||||||
21,238 | Shinsegae Co. Ltd. (Hypermarkets & Super Centers) (a) | 4,332 | ||||||
16,619 | SK Holdings Co. Ltd. (Industrial Conglomerates) (a) | 2,811 | ||||||
28,931 | SK Innovation Co. Ltd. (Oil & Gas Refining & Marketing) (a) | 4,788 | ||||||
47,490 | SK Networks Co. Ltd. (Trading Companies & Distributors) (a) | 376 | ||||||
29,410 | SK Telecom Co. Ltd. (Wireless Telecommunication Services) | 4,194 | ||||||
191,870 | SK Telecom Co. Ltd. – Sponsored ADR (Wireless Telecommunication Services)* | 3,037 | ||||||
71,620 | Tong Yang Life Insurance Co. Ltd. (Life & Health Insurance) | 708 | ||||||
343,840 | Woori Finance Holdings Co. Ltd. (Diversified Banks) (a) | 3,836 | ||||||
24,530 | Woori Investment & Securities Co. Ltd. (Diversified Banks) | 275 | ||||||
157,106 | ||||||||
Taiwan — 8.98% | ||||||||
812,000 | Acer, Inc. (Computer Hardware) (a) | 708 | ||||||
91,000 | Advantech Co. Ltd. (Computer Hardware) | 386 | ||||||
873,542 | Asia Cement Corp. (Construction Materials) | 1,128 | ||||||
319,000 | Asustek Computer, Inc. (Computer Storage & Peripherals) | 3,613 | ||||||
55,070 | AU Optronics Corp. – Sponsored ADR (Electronic Components) (a)* | 248 | ||||||
157,575 | Chicony Electronics Co. Ltd. (Computer Storage & Peripherals) | 367 | ||||||
183,000 | China Motor Corp. (Automobile Manufacturers) | 173 | ||||||
270,000 | China Petrochemical Development Corp. (Commodity Chemicals) | 169 | ||||||
1,942,915 | China Steel Corp. (Steel) | 1,835 | ||||||
7,663,771 | Chinatrust Financial Holding Co. Ltd. (Diversified Banks) | 4,557 | ||||||
548,000 | CHIPBOND Technology Corp. (Semiconductors) | 1,082 | ||||||
871,108 | Chunghwa Telecom Co. Ltd. (Integrated Telecommunication Services) | 2,838 |
Shares | Security Description | Value (000) | ||||||
Taiwan (continued) | ||||||||
6,600 | Chunghwa Telecom Co. Ltd. – Sponsored ADR (Integrated Telecommunication Services)* | $ | 213 | |||||
158,794 | Clevo Co. (Computer Hardware) | 197 | ||||||
2,182,000 | Compal Electronics, Inc. (Computer Hardware) | 1,478 | ||||||
608,000 | Coretronic Corp. (Electronic Equipment & Instruments) | 474 | ||||||
190,000 | CTCI Corp. (Construction & Engineering) | 377 | ||||||
100,000 | Eternal Chemical Co. Ltd. (Diversified Chemicals) | 87 | ||||||
1,386,275 | Far Eastern New Century Corp. (Industrial Conglomerates) | 1,592 | ||||||
264,000 | Far EasTone Telecommunications Co. Ltd. (Wireless Telecommunication Services) | 674 | ||||||
201,000 | Farglory Land Development Co. Ltd. (Real Estate Development) | 364 | ||||||
62,000 | Feng Hsin Iron & Steel Co. Ltd. (Steel) | 111 | ||||||
531,000 | Formosa Chemicals & Fibre Corp. (Specialty Chemicals) | 1,379 | ||||||
675,000 | Formosa Plastics Corp. (Commodity Chemicals) | 1,835 | ||||||
221,000 | Formosa Taffeta Co. Ltd. (Textiles) | 214 | ||||||
966,996 | Fubon Financial Holding Co. Ltd. (Other Diversified Financial Services) | 1,174 | ||||||
199,200 | Highwealth Construction Corp. (Real Estate Development) | 376 | ||||||
2,216,040 | Hon Hai Precision Industry Co. Ltd. (Electronic Manufacturing Services) | 6,860 | ||||||
306,627 | Hon Hai Precision Industry Co. Ltd. – Sponsored GDR (Electronic Manufacturing Services) (b) | 1,877 | ||||||
83,052 | HTC Corp. (Computer Hardware) | 868 | ||||||
668,015 | Inventec Corp. (Computer Hardware) | 258 | ||||||
91,240 | LCY Chemical Corp. (Commodity Chemicals) | 114 | ||||||
1,058,995 | Lite-On Technology Corp. (Computer Storage & Peripherals) | 1,413 | ||||||
141 | Macronix International Co. Ltd. (Semiconductors) | — | ||||||
513,000 | MediaTek, Inc. (Semiconductors) | 5,739 | ||||||
893,608 | Mega Financial Holding Co. Ltd. (Diversified Banks) | 700 | ||||||
799,000 | Nan Ya Plastics Corp. (Commodity Chemicals) | 1,550 | ||||||
1,993,740 | Nan Ya Printed Circuit Board Corp. (Electronic Components) | 2,481 | ||||||
347,000 | Novatek Microelectronics Corp. (Semiconductors) | 1,418 | ||||||
62,000 | Oriental Union Chemical Corp. (Diversified Chemicals) | 75 | ||||||
1,343,620 | Pou Chen Corp. (Footwear) | 1,415 | ||||||
1,479,900 | Powertech Technology, Inc. (Semiconductors) | 2,403 | ||||||
801,000 | Quanta Computer, Inc. (Computer Hardware) | 1,896 |
See accompanying notes to financial statements.
111
HC CAPITAL TRUST
The Emerging Markets Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Taiwan (continued) | ||||||||
148,000 | Realtek Semiconductor Corp. (Semiconductors) | $ | 315 | |||||
1,093,000 | Siliconware Precision Industries Co. (Semiconductors) | 1,177 | ||||||
536,510 | Siliconware Precision Industries Co. – Sponsored ADR (Semiconductors)* | 2,865 | ||||||
347,000 | Simplo Technology Co. Ltd. (Technology Distributors) | 1,764 | ||||||
6,980,739 | SinoPac Financial Holdings Co. Ltd. (Diversified Banks) | 3,013 | ||||||
375,000 | Synnex Technology International Corp. (Commodity Chemicals) | 694 | ||||||
523,000 | Taiwan Cement Corp. (Construction Materials) | 705 | ||||||
477,500 | Taiwan Mobile Co. Ltd. (Wireless Telecommunication Services) | 1,765 | ||||||
2,044,000 | Taiwan Semiconductor Manufacturing Co. Ltd. (Semiconductors) | 6,837 | ||||||
63,530 | Taiwan Semiconductor Manufacturing Co. Ltd. – Sponsored ADR (Semiconductors)* | 1,090 | ||||||
528,000 | Teco Electric & Machinery Co. Ltd. (Technology Distributors) | 406 | ||||||
713,000 | Transcend Information, Inc. (Semiconductors) | 1,995 | ||||||
401,350 | Tripod Technology Corp. (Electronic Components) | 868 | ||||||
342,000 | TSRC Corp. (Commodity Chemicals) | 698 | ||||||
122,000 | Tung Ho Steel Enterprise Corp. (Steel) | 125 | ||||||
124,000 | U-Ming Marine Transport Corp. (Marine) | 199 | ||||||
410,000 | Unimicron Technology Corp. (Electronic Components) | 438 | ||||||
4,589,000 | United Microelectronics Corp. (Semiconductors) | 1,855 | ||||||
1,647,670 | United Microelectronics Corp. – Sponsored ADR (Semiconductors)* | 3,279 | ||||||
695,800 | Wistron Corp. (Computer Hardware) | 728 | ||||||
468,000 | WPG Holdings Ltd. (Technology Distributors) | 616 | ||||||
383,336 | Young Fast Optoelectronics Co. Ltd. (Electronic Components) | 786 | ||||||
88,934 | ||||||||
Tanzania — 0.10% | ||||||||
139,350 | African Barrick Gold Ltd. (Gold) | 1,009 | ||||||
Thailand — 2.46% | ||||||||
646,385 | Advanced Info Service Public Co. Ltd. (Wireless Telecommunication Services) | 4,449 | ||||||
62,000 | Bangkok Bank Public Co. Ltd. (Diversified Banks) | 399 | ||||||
390,100 | Bangkok Bank Public Co. Ltd. – Foreign Registered Shares (Diversified Banks) | 2,678 | ||||||
346,300 | Bangkok Bank Public Co. Ltd. – NVDR (Diversified Banks) | 2,228 |
Shares | Security Description | Value (000) | ||||||
Thailand (continued) | ||||||||
39,300 | Banpu Public Co. Ltd. (Coal & Consumable Fuels) | $ | 534 | |||||
1,127,100 | Charoen Pokphand Foods Public Co. Ltd. (Packaged Foods & Meats) | 1,250 | ||||||
436,500 | Charoen Pokphand Foods Public Co. Ltd. – NVDR (Packaged Foods & Meats) | 484 | ||||||
839,700 | CP ALL Public Co. Ltd. (Department Stores) | 1,263 | ||||||
55,000 | Glow Energy Public Co. Ltd. (Independent Power Producers & Energy Traders) | 139 | ||||||
26,000 | Glow Energy Public Co. Ltd. (Independent Power Producers & Energy Traders) | 66 | ||||||
453,475 | PTT Exploration & Production Public Co. Ltd. (Oil & Gas Exploration & Production) | 2,448 | ||||||
282,542 | PTT Global Chemical Public Co. Ltd. (Diversified Chemicals) | 654 | ||||||
455,900 | PTT Public Co. Ltd. (Integrated Oil & Gas) | 4,987 | ||||||
9,809,400 | Sansiri Public Co. Ltd. (Real Estate Development) | 1,134 | ||||||
83,200 | Thai Oil Public Co. Ltd. (Oil & Gas Refining & Marketing) | 186 | ||||||
643,400 | Thai Oil Public Co. Ltd. – NVDR (Oil & Gas Refining & Marketing) | 1,437 | ||||||
24,336 | ||||||||
Turkey — 1.93% | ||||||||
189,134 | Arcelik AS (Household Appliances) | 1,241 | ||||||
972,040 | Asya Katilim Bankasi AS (Diversified Banks) (a) | 1,211 | ||||||
205,926 | Eregli Demir ve Celik Fabrikalari TAS (Steel) | 285 | ||||||
50,567 | Ford Otomotiv Sanayi AS (Automobile Manufacturers) | 609 | ||||||
1,788,460 | Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS, Class – D (Steel) | 1,272 | ||||||
39,588 | Koza Altin Isletmeleri AS (Gold) | 958 | ||||||
62,386 | TAV Havalimanlari Holding AS (Airport Services) | 320 | ||||||
47,660 | Tofas Turk Otomobil Fabrikasi AS (Independent Power Producers & Energy Traders) | 281 | ||||||
49,831 | Tupras-Turkiye Petrol Rafinerileri AS (Oil & Gas Refining & Marketing) | 1,448 | ||||||
738,360 | Turk Hava Yollari Anonim Ortakligi (Airlines) (a) | 2,606 | ||||||
100,487 | Turk Telekomunikasyon AS (Integrated Telecommunication Services) | 391 | ||||||
46,950 | Turkcell lletisim Hizmetleri AS – Sponsored ADR (Wireless Telecommunication Services) (a)* | 758 | ||||||
650,856 | Turkiye Garanti Bankasi AS (Diversified Banks) | 3,399 |
See accompanying notes to financial statements.
112
HC CAPITAL TRUST
The Emerging Markets Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stock (continued) | ||||||||
Turkey (continued) | ||||||||
237,052 | Turkiye Halk Bankasi AS (Diversified Banks) | $ | 2,338 | |||||
246,547 | Turkiye Is Bankasi AS, Class – C (Diversified Banks) | 860 | ||||||
172,190 | Turkiye Sise ve Cam Fabrikalari AS (Housewares & Specialties) | 286 | ||||||
306,642 | Turkiye Vakiflar Bankasi TAO, Class – D (Diversified Banks) | 798 | ||||||
19,061 | ||||||||
Ukraine — 0.03% | ||||||||
271,395 | JKX Oil & Gas PLC (Oil & Gas Exploration & Production) (a) | 344 | ||||||
United Arab Emirates — 0.18% | ||||||||
1,764,771 | Emaar Properties PJSC (Real Estate Operating Companies) | 1,823 | ||||||
United States — 0.38% | ||||||||
100,183 | Southern Copper Corp. (Diversified Metals & Mining)* | 3,793 | ||||||
Total Common Stocks | 905,352 | |||||||
Preferred Stocks — 3.29% | ||||||||
Brazil — 1.92% | ||||||||
100,317 | Bradespar SA – Preferred (Steel)* | 1,609 | ||||||
366,480 | Companhia Energetica de Minas Gerais – Preferred (Electric Utilities)* | 4,046 | ||||||
45,464 | Companhia Paranaense de Energia-Copel – Preferred, B Shares (Electric Utilities)* | 704 | ||||||
222,800 | Gerdau SA – Preferred (Steel)* | 1,952 | ||||||
313,460 | Klabin SA – Preferred (Paper Packaging)* | 1,959 | ||||||
55,100 | Petroleo Brasileiro SA – Sponsored ADR (Integrated Oil & Gas)* | 1,063 | ||||||
132,156 | Telefonica Brasil SA – Preferred (Integrated Telecommunication Services)* | 3,163 | ||||||
227,081 | Vale SA – Preferred (Steel)* | 4,534 | ||||||
19,030 | ||||||||
Russia — 0.18% | ||||||||
770 | AK Transneft OAO – Preferred (Oil & Gas Storage & Transportation) | 1,742 | ||||||
South Korea — 1.19% | ||||||||
1,843 | LG Chem Ltd. – Preferred (Commodity Chemicals) (a) | 177 | ||||||
14,429 | Samsung Electronics Co. Ltd. – Preferred (Semiconductors) | 11,596 | ||||||
11,773 |
Shares or Principal Amount (000) | Security Description | Value (000) | ||||||
Total Preferred Stocks | $ | 32,545 | ||||||
Time Deposit — 1.03% | ||||||||
$ 10,228 | State Street Liquidity Management Control System Time Deposit, 0.01%, 1/2/13 | 10,228 | ||||||
Total Time Deposit | 10,228 | |||||||
Mutual Funds — 2.50% | ||||||||
100 | Alliance Money Market Fund Prime Portfolio, 0.11% (c) | — | ||||||
2,880,278 | Federated Prime Obligations Portfolio, 0.11% (c) | 2,880 | ||||||
2,839,900 | iShares Asia Trust – iShares FTSE A50 China Index ETF, 0.19% | 4,082 | ||||||
244,250 | iShares MSCI Emerging Markets Index Fund ETF, 0.01% | 10,832 | ||||||
18,480 | iShares MSCI Taiwan Index Fund ETF, 0.27% | 252 | ||||||
342,590 | WisdomTree India Earnings Fund ETF, 0.02% | 6,636 | ||||||
Total Mutual Funds | 24,682 | |||||||
Total Investments (cost $877,903) — 98.28% | 972,807 | |||||||
Other assets in excess of liabilities — 1.72% | 17,050 | |||||||
Net Assets — 100.00% | $ | 989,857 |
Amounts designated as “—” are $0 or have been rounded to $0.
* | Security was not fair valued on December 31, 2012 and represents a Level 1 security. All other stocks were fair valued and represent Level 2 securities. Refer to Note 2 in the Notes to Financial Statements. |
(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) | The rate disclosed is the rate in effect on December 31, 2012. |
ADR — American Depositary Receipt
ETF — Exchange Traded Fund
GDR — Global Depositary Receipt
NVDR — Non-Voting Depository Receipt
See accompanying notes to financial statements.
113
HC CAPITAL TRUST
The Emerging Markets Portfolio
Portfolio of Investments (concluded) — December 31, 2012 (Unaudited)
The following table reflects the percentage of the total net assets of the Portfolio attributable to each Specialist Manager; see Note 3 in the Notes to Financial Statements.
The Emerging Markets Portfolio | Boston Company Asset Management, LLC | SSgA Funds Management, Inc. | SSgA Funds Management, Inc. – Quality Yield | Total | ||||||||||||
Common Stocks | 33.57 | % | 28.36 | % | 29.53 | % | 91.46 | % | ||||||||
Preferred Stocks | 0.60 | % | 0.89 | % | 1.80 | % | 3.29 | % | ||||||||
Time Deposit | 1.03 | % | — | — | 1.03 | % | ||||||||||
Mutual Funds | 1.69 | % | 0.29 | % | 0.52 | % | 2.50 | % | ||||||||
Other Assets (Liabilities) | 0.39 | % | 1.21 | % | 0.12 | % | 1.72 | % | ||||||||
Total Net Assets | 37.28 | % | 30.75 | % | 31.97 | % | 100.00 | % |
The following tables reflect the open derivative positions held by the Portfolio as of December 31, 2012.
Long Futures
Number of Contracts | Futures Contracts Positions^ | Value (000) | Expiration | Unrealized Appreciation/ (Depreciation) (000) | ||||||||||||
30 | E-Mini MSCI Emerging Markets Index Future | $ | 1,610 | 3/18/13 | $ | 45 | ||||||||||
83 | FTSE Bursa Malaysia KLCI Index Future | 2,287 | 2/1/13 | 15 | ||||||||||||
21 | Hang Seng Index Future | 3,072 | 1/31/13 | 23 | ||||||||||||
410 | ISE 30 Future | 2,264 | 3/1/13 | 42 | ||||||||||||
36 | KOSPI 200 Future | 4,475 | 3/15/13 | 16 | ||||||||||||
Net Unrealized Appreciation/(Depreciation) | $ | 141 |
^ | Cash has been pledged as collateral for futures contracts held by the Portfolio. |
Currency Contracts
Contract Amount (Local Currency) | Currency | Counterparty | Settlement Date | Settlement Value (000) | Value (000) | Unrealized Appreciation/ (Depreciation) (000) | ||||||||||||||||||
Currencies Purchased | ||||||||||||||||||||||||
2,614,680,000 | Chilean Peso | Barclays Bank | 3/14/13 | $ | 5,400 | $ | 5,415 | $ | 15 | |||||||||||||||
616,561,680 | Hungarian Forint | Credit Suisse | 3/14/13 | 2,815 | 2,778 | (37) | ||||||||||||||||||
300,384,000 | Indian Rupee | Deutsche Bank | 3/14/13 | 5,449 | 5,409 | (40) | ||||||||||||||||||
53,844,000,000 | Indonesian Rupiah | Deutsche Bank | 3/14/13 | 5,503 | 5,546 | 43 | ||||||||||||||||||
6,100,000 | Malaysian Ringgit | Deutsche Bank | 3/14/13 | 1,989 | 1,985 | (4) | ||||||||||||||||||
88,396,000 | Russian Ruble | JP Morgan Chase | 3/14/13 | 2,837 | 2,860 | 23 | ||||||||||||||||||
10,730,970 | Turkish Lira | Standard Chartered Bank | 3/14/13 | 5,955 | 5,963 | 8 | ||||||||||||||||||
Total Currencies Purchased | $ | 29,948 | $ | 29,956 | $ | 8 | ||||||||||||||||||
Currencies Sold | ||||||||||||||||||||||||
65,124,786 | Hong Kong Dollar | Societe Generale | 3/14/13 | $ | 8,404 | $ | 8,405 | $ | (1) | |||||||||||||||
6,100,000 | Malaysian Ringgit | Deutsche Bank | 3/14/13 | 1,986 | 1,985 | 1 | ||||||||||||||||||
35,594,818 | Mexican Peso | Credit Suisse | 3/14/13 | 2,700 | 2,736 | (36) | ||||||||||||||||||
46,738,597 | South African Rand | Goldman Sachs | 3/14/13 | 5,310 | 5,467 | (157) | ||||||||||||||||||
167,329,700 | Taiwan Dollar | Barclays Bank | 3/14/13 | 5,782 | 5,764 | 18 | ||||||||||||||||||
10,730,970 | Turkish Lira | Credit Suisse | 3/14/13 | 5,958 | 5,963 | (5) | ||||||||||||||||||
Total Currencies Sold | $ | 30,140 | $ | 30,320 | $ | (180) | ||||||||||||||||||
Net Unrealized Appreciation/(Depreciation) | $ | (172) |
See accompanying notes to financial statements.
114
HC CAPITAL TRUST
The Core Fixed Income Portfolio
Portfolio of Investments — December 31, 2012 (Unaudited)
Principal Amount (000) | Rate % | Maturity Date | Value (000) | |||||||||||||
Asset Backed Security — 0.28% | ||||||||||||||||
$ 260 | Citibank Omni Master Trust, Series 2009-A17, Class A17 (a) | 4.90 | 11/15/18 | $ | 280 | |||||||||||
Total Asset Backed Security | 280 | |||||||||||||||
Collateralized Mortgage Obligations — 2.44% | ||||||||||||||||
140 | Banc of America Commercial Mortgage, Inc., Series 2006-2, Class AJ (b) | 5.95 | 5/10/45 | 143 | ||||||||||||
255 | Banc of America Commercial Mortgage, Inc., Series 2007-2, Class A4 (b) | 5.80 | 4/10/49 | 298 | ||||||||||||
210 | CS First Boston Mortgage Securities Corp., Series 2004-C1, Class B | 4.86 | 1/15/37 | 217 | ||||||||||||
170 | CS First Boston Mortgage Securities Corp., Series 2005-C6, Class A4 (b) | 5.23 | 10/15/15 | 187 | ||||||||||||
140 | Greenwich Capital Commercial Funding Corp., Series 2005-GG5, Class AM (b) | 5.28 | 4/10/37 | 152 | ||||||||||||
255 | JP Morgan Chase Commercial Mortgage Securities Corp., Series 2006-CB17, Class A4 | 5.43 | 12/12/43 | 291 | ||||||||||||
110 | JP Morgan Chase Commercial Mortgage Securities Corp., Series 2006-LDP8, Class A3A | 5.39 | 5/15/45 | 112 | ||||||||||||
34 | JP Morgan Chase Commercial Mortgage Securities Corp., Series 2007-CB18, Class A3 | 5.45 | 6/12/47 | 35 | ||||||||||||
25 | LB-UBS Commercial Mortgage Trust, Series 2006-C7, Class AM | 5.38 | 10/15/16 | 28 | ||||||||||||
140 | Merrill Lynch Mortgage Trust, Series 2007-C1, Class A3 (b) | 6.04 | 11/12/16 | 149 | ||||||||||||
255 | Morgan Stanley Capital I, Series 2007-HQ11, Class A4 (b) | 5.45 | 2/12/44 | 295 | ||||||||||||
190 | Morgan Stanley Capital I, Series 2007-IQ15, Class A4 (b) | 6.08 | 7/11/17 | 223 | ||||||||||||
255 | Wachovia Bank Commercial Mortgage Trust, Series 2007-C33, Class A4 (b) | 5.92 | 7/15/17 | 299 | ||||||||||||
Total Collateralized Mortgage Obligations | 2,429 | |||||||||||||||
U.S. Government Agency Mortgages — 38.39% | ||||||||||||||||
200 | Fannie Mae, 15 YR TBA | 3.50 | 1/25/28 | 212 | ||||||||||||
200 | Fannie Mae, 15 YR TBA | 4.00 | 1/25/28 | 214 | ||||||||||||
500 | Fannie Mae, 15 YR TBA | 4.50 | 1/25/28 | 538 | ||||||||||||
400 | Fannie Mae, 15 YR TBA | 5.00 | 1/25/28 | 433 | ||||||||||||
100 | Fannie Mae, 30 YR TBA | 3.50 | 1/25/42 | 107 | ||||||||||||
100 | Fannie Mae, 30 YR TBA | 4.50 | 1/25/43 | 108 | ||||||||||||
1,100 | Fannie Mae, 30 YR TBA | 5.00 | 1/25/43 | 1,191 | ||||||||||||
719 | Fannie Mae, Pool #190405 | 4.00 | 10/1/40 | 770 | ||||||||||||
211 | Fannie Mae, Pool #603083 | 5.50 | 1/1/17 | 226 | ||||||||||||
814 | Fannie Mae, Pool #725228 | 6.00 | 3/1/34 | 904 | ||||||||||||
41 | Fannie Mae, Pool #888596 | 6.50 | 7/1/37 | 47 | ||||||||||||
629 | Fannie Mae, Pool #889117 | 5.00 | 10/1/35 | 685 | ||||||||||||
187 | Fannie Mae, Pool #889984 | 6.50 | 10/1/38 | 210 | ||||||||||||
929 | Fannie Mae, Pool #890221 | 5.50 | 12/1/33 | 1,021 | ||||||||||||
760 | Fannie Mae, Pool #959451 | 6.00 | 12/1/37 | 832 | ||||||||||||
149 | Fannie Mae, Pool #AA9781 | 4.50 | 7/1/24 | 161 | ||||||||||||
118 | Fannie Mae, Pool #AB3192 | 4.50 | 6/1/41 | 128 | ||||||||||||
167 | Fannie Mae, Pool #AB4483 | 3.00 | 2/1/27 | 176 | ||||||||||||
472 | Fannie Mae, Pool #AB4689 | 3.50 | 3/1/42 | 505 | ||||||||||||
477 | Fannie Mae, Pool #AB6017 | 3.50 | 8/1/42 | 510 | ||||||||||||
399 | Fannie Mae, Pool #AB7099 | 3.00 | 11/1/42 | 418 | ||||||||||||
169 | Fannie Mae, Pool #AC7328 | 4.00 | 12/1/39 | 181 | ||||||||||||
759 | Fannie Mae, Pool #AD0527 | 5.50 | 6/1/39 | 825 | ||||||||||||
563 | Fannie Mae, Pool #AE0217 | 4.50 | 8/1/40 | 609 | ||||||||||||
236 | Fannie Mae, Pool #AE0442 | 6.50 | 1/1/39 | 259 | ||||||||||||
225 | Fannie Mae, Pool #AE0954 | 4.50 | 2/1/41 | 244 | ||||||||||||
145 | Fannie Mae, Pool #AH5859 | 4.00 | 2/1/41 | 155 |
See accompanying notes to financial statements.
115
HC CAPITAL TRUST
The Core Fixed Income Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Principal Amount (000) | Rate % | Maturity Date | Value (000) | |||||||||||||
U.S. Government Agency Mortgages (continued) | ||||||||||||||||
$357 | Fannie Mae, Pool #AH5988 | 5.00 | 3/1/41 | $ | 397 | |||||||||||
778 | Fannie Mae, Pool #AH6242 | 4.00 | 4/1/26 | 834 | ||||||||||||
884 | Fannie Mae, Pool #AH7521 | 4.50 | 3/1/41 | 959 | ||||||||||||
199 | Fannie Mae, Pool #AI1186 | 4.00 | 4/1/41 | 214 | ||||||||||||
510 | Fannie Mae, Pool #AI8534 | 4.00 | 8/1/41 | 548 | ||||||||||||
373 | Fannie Mae, Pool #AJ1300 (b) | 2.95 | 10/1/41 | 390 | ||||||||||||
399 | Fannie Mae, Pool #AJ3079 | 3.00 | 11/1/26 | 421 | ||||||||||||
222 | Fannie Mae, Pool #AJ5303 | 4.00 | 11/1/41 | 238 | ||||||||||||
452 | Fannie Mae, Pool #AJ7689 | 4.00 | 12/1/41 | 485 | ||||||||||||
218 | Fannie Mae, Pool #AK0006 | 3.00 | 1/1/27 | 230 | ||||||||||||
171 | Fannie Mae, Pool #AL0583 | 6.50 | 10/1/39 | 192 | ||||||||||||
506 | Fannie Mae, Pool #AL1107 | 4.50 | 11/1/41 | 549 | ||||||||||||
437 | Fannie Mae, Pool #AL1717 | 3.50 | 5/1/27 | 467 | ||||||||||||
185 | Fannie Mae, Pool #AO0752 | 3.00 | 4/1/42 | 194 | ||||||||||||
591 | Fannie Mae, Pool #AO2548 | 3.50 | 4/1/42 | 632 | ||||||||||||
176 | Fannie Mae, Pool #AO3019 | 2.50 | 5/1/27 | 184 | ||||||||||||
196 | Fannie Mae, Pool #AO3760 | 3.50 | 5/1/42 | 211 | ||||||||||||
581 | Fannie Mae, Pool #AO8137 | 3.50 | 8/1/42 | 621 | ||||||||||||
192 | Fannie Mae, Pool #AP2465 | 3.00 | 8/1/42 | 201 | ||||||||||||
194 | Fannie Mae, Pool #AP4742 | 2.50 | 8/1/27 | 203 | ||||||||||||
396 | Fannie Mae, Pool #AP6375 | 3.00 | 9/1/42 | 416 | ||||||||||||
298 | Fannie Mae, Pool #AP6493 | 3.00 | 9/1/42 | 312 | ||||||||||||
199 | Fannie Mae, Pool #AP9390 | 3.50 | 10/1/42 | 213 | ||||||||||||
199 | Fannie Mae, Pool #AQ0546 | 3.50 | 11/1/42 | 213 | ||||||||||||
400 | Fannie Mae, Pool #AQ7920 | 3.00 | 12/1/42 | 420 | ||||||||||||
197 | Fannie Mae, Pool #MA1210 | 2.50 | 9/1/49 | 206 | ||||||||||||
199 | Fannie Mae, Pool #MA1277 | 2.50 | 12/1/27 | 208 | ||||||||||||
479 | Freddie Mac, Pool #1B7911 (b) | 2.71 | 12/1/40 | 498 | ||||||||||||
851 | Freddie Mac, Pool #A96286 | 4.00 | 1/1/41 | 910 | ||||||||||||
2,477 | Freddie Mac, Pool #A97692 | 4.50 | 3/1/41 | 2,673 | ||||||||||||
447 | Freddie Mac, Pool #C01598 | 5.00 | 8/1/33 | 485 | ||||||||||||
636 | Freddie Mac, Pool #G01665 | 5.50 | 3/1/34 | 691 | ||||||||||||
371 | Freddie Mac, Pool #G02794 | 6.00 | 5/1/37 | 404 | ||||||||||||
300 | Freddie Mac, Pool #G04688 | 5.50 | 9/1/38 | 324 | ||||||||||||
374 | Freddie Mac, Pool #G04913 | 5.00 | 3/1/38 | 403 | ||||||||||||
649 | Freddie Mac, Pool #G08495 | 3.50 | 6/1/42 | 693 | ||||||||||||
300 | Government National Mortgage Association, 30 YR TBA | 3.50 | 1/15/42 | 326 | ||||||||||||
200 | Government National Mortgage Association, 30 YR TBA | 3.50 | 1/20/42 | 217 | ||||||||||||
500 | Government National Mortgage Association, 30 YR TBA | 4.00 | 1/20/42 | 544 | ||||||||||||
600 | Government National Mortgage Association, 30 YR TBA | 4.00 | 1/15/43 | 658 | ||||||||||||
500 | Government National Mortgage Association, 30 YR TBA | 4.50 | 1/20/42 | 547 | ||||||||||||
300 | Government National Mortgage Association, 30 YR TBA | 4.50 | 1/15/43 | 328 | ||||||||||||
700 | Government National Mortgage Association, 30 YR TBA | 5.00 | 1/15/43 | 764 | ||||||||||||
100 | Government National Mortgage Association, 30 YR TBA | 5.50 | 1/15/43 | 110 | ||||||||||||
400 | Government National Mortgage Association, 30 YR TBA | 5.50 | 1/20/43 | 439 | ||||||||||||
200 | Government National Mortgage Association, 30 YR TBA | 6.00 | 1/20/43 | 223 |
See accompanying notes to financial statements.
116
HC CAPITAL TRUST
The Core Fixed Income Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Principal Amount (000) | Rate % | Maturity Date | Value (000) | |||||||||||||
U.S. Government Agency Mortgages (continued) | ||||||||||||||||
$659 | Government National Mortgage Association, Pool #4559 | 5.00 | 10/20/39 | $ | 730 | |||||||||||
644 | Government National Mortgage Association, Pool #4801 | 4.50 | 9/20/40 | 712 | ||||||||||||
163 | Government National Mortgage Association, Pool #510835 | 5.50 | 2/15/35 | 180 | ||||||||||||
475 | Government National Mortgage Association, Pool #5139 | 4.00 | 8/20/41 | 521 | ||||||||||||
128 | Government National Mortgage Association, Pool #582199 | 6.50 | 1/15/32 | 150 | ||||||||||||
47 | Government National Mortgage Association, Pool #658181 | 5.50 | 11/15/36 | 52 | ||||||||||||
400 | Government National Mortgage Association, Pool #721760 | 4.50 | 8/15/40 | 445 | ||||||||||||
484 | Government National Mortgage Association, Pool #737310 | 4.50 | 8/15/40 | 538 | ||||||||||||
194 | Government National Mortgage Association, Pool #781959 | 6.00 | 7/15/35 | 217 | ||||||||||||
154 | Government National Mortgage Association, Pool #782523 | 5.00 | 11/15/35 | 169 | ||||||||||||
384 | Government National Mortgage Association, Pool #MA0088 | 3.50 | 5/20/42 | 418 | ||||||||||||
390 | Government National Mortgage Association, Pool #MA0220 | 3.50 | 7/20/42 | 425 | ||||||||||||
199 | Government National Mortgage Association, Pool #MA0462 | 3.50 | 10/20/42 | 216 | ||||||||||||
400 | Government National Mortgage Association, Pool #MA0624 | 3.00 | 12/20/42 | 426 | ||||||||||||
Total U.S. Government Agency Mortgages | 38,263 | |||||||||||||||
U.S. Government Agency Securities — 3.02% | ||||||||||||||||
50 | Fannie Mae, Callable 3/4/13 @ 100.00 | 0.63 | 9/4/15 | 50 | ||||||||||||
65 | Fannie Mae | 0.88 | 8/28/17 | 65 | ||||||||||||
60 | Fannie Mae, Callable 8/23/13 @ 100.00 | 0.95 | 8/23/17 | 60 | ||||||||||||
250 | Fannie Mae, Callable 9/27/13 @ 100.00 | 1.07 | 9/27/17 | 251 | ||||||||||||
30 | Fannie Mae, Callable 3/8/13 @ 100.00 | 1.20 | 3/8/17 | 30 | ||||||||||||
20 | Fannie Mae, Callable 4/17/13 @ 100.00 | 1.50 | 4/17/17 | 20 | ||||||||||||
152 | Fannie Mae | 1.63 | 10/26/15 | 157 | ||||||||||||
150 | Fannie Mae (c) | 1.70 | 6/1/17 | 144 | ||||||||||||
200 | Fannie Mae | 2.75 | 2/5/14 | 206 | ||||||||||||
62 | Fannie Mae | 2.75 | 3/13/14 | 64 | ||||||||||||
75 | Fannie Mae (c) | 3.56 | 10/9/19 | 66 | ||||||||||||
70 | Fannie Mae | 5.00 | 3/15/16 | 80 | ||||||||||||
10 | Fannie Mae, Callable 11/13/14 @ 100.00 | 5.38 | 11/13/28 | 11 | ||||||||||||
5 | Fannie Mae | 5.63 | 7/15/37 | 7 | ||||||||||||
20 | Fannie Mae, Callable 4/18/16 @ 100.00 | 6.00 | 4/18/36 | 23 | ||||||||||||
25 | Fannie Mae | 7.13 | 1/15/30 | 39 | ||||||||||||
40 | Fannie Mae | 7.25 | 5/15/30 | 64 | ||||||||||||
10 | Federal Farm Credit Bank, Callable 7/9/13 @ 100.00 | 0.55 | 7/9/15 | 10 | ||||||||||||
30 | Federal Farm Credit Bank | 2.63 | 4/17/14 | 31 | ||||||||||||
20 | Federal Farm Credit Bank | 5.13 | 8/25/16 | 23 | ||||||||||||
80 | Federal Home Loan Bank | 1.38 | 5/28/14 | 81 | ||||||||||||
25 | Federal Home Loan Bank | 3.63 | 3/12/21 | 29 | ||||||||||||
50 | Federal Home Loan Bank | 4.13 | 3/13/20 | 59 | ||||||||||||
10 | Federal Home Loan Bank | 4.75 | 12/16/16 | 12 | ||||||||||||
15 | Federal Home Loan Bank | 5.63 | 6/11/21 | 20 | ||||||||||||
265 | Federal Home Loan Bank, Series 656 | 5.38 | 5/18/16 | 309 | ||||||||||||
90 | Freddie Mac, Callable 2/27/13 @ 100.00 | 0.40 | 2/27/14 | 90 | ||||||||||||
150 | Freddie Mac | 0.63 | 12/29/14 | 151 | ||||||||||||
85 | Freddie Mac | 1.00 | 8/20/14 | 86 | ||||||||||||
100 | Freddie Mac | 1.00 | 3/8/17 | 101 |
See accompanying notes to financial statements.
117
HC CAPITAL TRUST
The Core Fixed Income Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Principal Amount (000) | Rate % | Maturity Date | Value (000) | |||||||||||||
U.S. Government Agency Securities (continued) | ||||||||||||||||
$65 | Freddie Mac | 1.00 | 7/28/17 | $ | 66 | |||||||||||
70 | Freddie Mac | 1.38 | 2/25/14 | 71 | ||||||||||||
20 | Freddie Mac, MTN, Callable 8/22/14 @ 100.00 | 1.40 | 8/22/19 | 20 | ||||||||||||
80 | �� | Freddie Mac | 2.38 | 1/13/22 | 84 | |||||||||||
100 | Freddie Mac | 2.50 | 1/7/14 | 102 | ||||||||||||
100 | Freddie Mac | 2.88 | 2/9/15 | 105 | ||||||||||||
106 | Freddie Mac | 5.25 | 4/18/16 | 123 | ||||||||||||
25 | Freddie Mac | 6.25 | 7/15/32 | 37 | ||||||||||||
50 | Tennessee Valley Authority | 5.25 | 9/15/39 | 66 | ||||||||||||
Total U.S. Government Agency Securities | 3,013 | |||||||||||||||
Corporate Bonds — 25.41% | ||||||||||||||||
210 | 3M Co. (Industrial Conglomerates) | 1.38 | 9/29/16 | 214 | ||||||||||||
10 | Alabama Power Co. (Electric Utilities) | 5.80 | 11/15/13 | 11 | ||||||||||||
309 | American Express Credit Corp., MTN (Diversified Financial Services) | 2.38 | 3/24/17 | 323 | ||||||||||||
103 | Analog Devices, Inc. (Semiconductors & Semiconductor Equipment) | 3.00 | 4/15/16 | 109 | ||||||||||||
576 | Anheuser-Busch InBev Worldwide, Inc. (Beverages) | 2.50 | 7/15/22 | 580 | ||||||||||||
203 | AT&T, Inc. (Wireless Telecommunication Services) | 4.35 | 6/15/45 | 204 | ||||||||||||
117 | AT&T, Inc. (Wireless Telecommunication Services) | 5.10 | 9/15/14 | 126 | ||||||||||||
326 | AT&T, Inc. (Wireless Telecommunication Services) | 5.55 | 8/15/41 | 391 | ||||||||||||
273 | AutoZone, Inc. (Specialty Retail) Callable 1/15/22 @ 100.00 | 3.70 | 4/15/22 | 287 | ||||||||||||
226 | Aviation Capital Group (Machinery) (a) | 6.75 | 4/6/21 | 234 | ||||||||||||
370 | Aviation Capital Group (Machinery) (a) | 7.13 | 10/15/20 | 390 | ||||||||||||
305 | Baker Hughes, Inc. (Energy Equipment & Services) | 5.13 | 9/15/40 | 367 | ||||||||||||
905 | Berkshire Hathaway, Inc. (Insurance) | 3.20 | 2/11/15 | 953 | ||||||||||||
283 | BioMed Realty LP (Real Estate Investment Trusts) Callable 3/15/16 @ 100.00 | 3.85 | 4/15/16 | 299 | ||||||||||||
102 | Caterpillar, Inc. (Machinery) | 3.80 | 8/15/42 | 102 | ||||||||||||
231 | CC Holdings GS V LLC (Diversified Telecommunication Services) (a) | 3.85 | 4/15/23 | 235 | ||||||||||||
310 | CC Holdings GS V LLC (Diversified Telecommunication Services) Callable 5/1/13 @ 103.88 (a) | 7.75 | 5/1/17 | 329 | ||||||||||||
220 | Cellco Partnership/Verizon Wireless Capital LLC (Wireless Telecommunication Services) | 5.55 | 2/1/14 | 231 | ||||||||||||
244 | Cisco Systems, Inc. (Communications Equipment) | 5.50 | 2/22/16 | 279 | ||||||||||||
403 | Cisco Systems, Inc. (Communications Equipment) | 5.50 | 1/15/40 | 512 | ||||||||||||
136 | CME Group, Inc. (Diversified Financial Services) | 5.40 | 8/1/13 | 140 | ||||||||||||
418 | CME Group, Inc. (Diversified Financial Services) | 5.75 | 2/15/14 | 441 | ||||||||||||
150 | Colgate-Palmolive Co., MTN (Household Products) | 0.60 | 11/15/14 | 151 | ||||||||||||
319 | Comcast Corp. (Media) | 3.13 | 7/15/22 | 332 | ||||||||||||
436 | Comcast Corp. (Media) | 4.65 | 7/15/42 | 460 | ||||||||||||
270 | Deere & Co. (Machinery) Callable 12/9/41 @ 100.00 | 3.90 | 6/9/42 | 276 | ||||||||||||
415 | Digital Realty Trust LP (Real Estate Investment Trusts) | 5.88 | 2/1/20 | 474 | ||||||||||||
155 | Dominion Resources, Inc. (Multi-Utilities) | 1.95 | 8/15/16 | 159 | ||||||||||||
216 | eBay, Inc. (Internet Software & Services) Callable 4/15/22 @ 100.00 | 2.60 | 7/15/22 | 218 | ||||||||||||
149 | El Paso Natural Gas Co. (Oil, Gas & Consumable Fuels) | 5.95 | 4/15/17 | 172 | ||||||||||||
220 | Enbridge Energy Partners LP (Oil, Gas & Consumable Fuels) Callable 3/15/40 @ 100.00 | 5.50 | 9/15/40 | 244 | ||||||||||||
149 | Energy Transfer Partners LP (Oil, Gas & Consumable Fuels) Callable 12/1/40 @ 100.00 | 6.05 | 6/1/41 | 170 | ||||||||||||
207 | Energy Transfer Partners LP (Oil, Gas & Consumable Fuels) | 6.63 | 10/15/36 | 243 | ||||||||||||
309 | ERAC USA Finance Co. (Diversified Financial Services) (a) | 5.25 | 10/1/20 | 353 |
See accompanying notes to financial statements.
118
HC CAPITAL TRUST
The Core Fixed Income Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Principal Amount (000) | Rate % | Maturity Date | Value (000) | |||||||||||||
Corporate Bonds (continued) | ||||||||||||||||
$142 | ERAC USA Finance Co. (Diversified Financial Services) (a) | 5.60 | 5/1/15 | $ | 156 | |||||||||||
300 | Exelon Generation Co. LLC (Independent Power Producers & Energy Traders) | 6.20 | 10/1/17 | 354 | ||||||||||||
567 | Ford Motor Credit Co. LLC (Diversified Financial Services) | 5.00 | 5/15/18 | 626 | ||||||||||||
200 | General Electric Capital Corp., Series A (Diversified Financial Services) Callable 6/15/22 @ 100.00, Perpetual Bond (b)(d) | 7.13 | — | 226 | ||||||||||||
700 | General Electric Capital Corp., Series B (Diversified Financial Services) Callable 12/15/22 @ 100.00, Perpetual Bond (b)(d) | 6.25 | — | 762 | ||||||||||||
213 | General Electric Co. (Industrial Conglomerates) | 4.13 | 10/9/42 | 219 | ||||||||||||
180 | General Electric Co. (Industrial Conglomerates) | 5.25 | 12/6/17 | 212 | ||||||||||||
417 | Healthcare Realty Trust (Real Estate Investment Trusts) | 6.50 | 1/17/17 | 477 | ||||||||||||
396 | IBM Corp. (IT Services) | 0.88 | 10/31/14 | 399 | ||||||||||||
281 | IBM Corp. (IT Services) | 4.00 | 6/20/42 | 297 | ||||||||||||
245 | Intel Corp. (Semiconductors & Semiconductor Equipment) | 1.95 | 10/1/16 | 253 | ||||||||||||
151 | Intel Corp. (Semiconductors & Semiconductor Equipment) | 4.80 | 10/1/41 | 166 | ||||||||||||
296 | John Deere Capital Corp., MTN (Machinery) | 1.25 | 12/2/14 | 300 | ||||||||||||
80 | Juniper Networks, Inc. (Communications Equipment) | 3.10 | 3/15/16 | 83 | ||||||||||||
100 | Juniper Networks, Inc. (Communications Equipment) | 4.60 | 3/15/21 | 106 | ||||||||||||
732 | Kinder Morgan Energy Partners LP (Oil, Gas & Consumable Fuels) Callable 2/15/42 @ 100.00 | 5.00 | 8/15/42 | 776 | ||||||||||||
639 | Lazard Group LLC (Diversified Financial Services) | 7.13 | 5/15/15 | 710 | ||||||||||||
103 | Life Technologies Corp. (Biotechnology) Callable 10/15/20 @ 100.00 | 5.00 | 1/15/21 | 116 | ||||||||||||
357 | Macy's Retail Holdings, Inc. (Multiline Retail) Callable 8/15/42 @ 100.00 | 4.30 | 2/15/43 | 347 | ||||||||||||
290 | MassMutual Global Funding LLC (Thrifts & Mortgage Finance) (a) | 2.00 | 4/5/17 | 299 | ||||||||||||
146 | MidAmerican Energy Holdings Co. (Electric Utilities) | 6.13 | 4/1/36 | 184 | ||||||||||||
237 | Newmont Mining Corp. (Metals & Mining) | 6.25 | 10/1/39 | 285 | ||||||||||||
408 | Northern Trust Corp. (Capital Markets) | 4.63 | 5/1/14 | 430 | ||||||||||||
290 | Phillips 66 (Oil, Gas & Consumable Fuels) | 4.30 | 4/1/22 | 324 | ||||||||||||
26 | Private Export Funding Corp. (Diversified Financial Services) | 2.13 | 7/15/16 | 28 | ||||||||||||
139 | Roche Holdings, Inc. (Health Care Providers & Services) (a) | 7.00 | 3/1/39 | 210 | ||||||||||||
455 | Sabmiller Holdings, Inc. (Beverages) (a) | 2.45 | 1/15/17 | 474 | ||||||||||||
91 | Southern California Edison Co. (Electric Utilities) | 5.75 | 3/15/14 | 97 | ||||||||||||
222 | Stryker Corp. (Health Care Equipment & Supplies) | 2.00 | 9/30/16 | 231 | ||||||||||||
322 | TC Pipelines LP (Oil, Gas & Consumable Fuels) | 4.65 | 6/15/21 | 342 | ||||||||||||
337 | TD Ameritrade Holding Corp. (Diversified Financial Services) | 5.60 | 12/1/19 | 400 | ||||||||||||
293 | Teachers Insurance & Annuity Association (Insurance) (a) | 6.85 | 12/16/39 | 397 | ||||||||||||
182 | The Clorox Co. (Household Products) Callable 6/15/22 @ 100.00 | 3.05 | 9/15/22 | 188 | ||||||||||||
120 | The Kroger Co. (Food & Staples Retailing) | 7.50 | 1/15/14 | 128 | ||||||||||||
319 | The NASDAQ OMX Group, Inc. (Diversified Financial Services) | 5.55 | 1/15/20 | 348 | ||||||||||||
264 | The Walt Disney Co. (Media) | 2.75 | 8/16/21 | 276 | ||||||||||||
220 | The Walt Disney Co., Series E, MTN (Media) | 3.75 | 6/1/21 | 243 | ||||||||||||
145 | Thermo Fisher Scientific, Inc. (Health Care Equipment & Supplies) | 2.25 | 8/15/16 | 150 | ||||||||||||
523 | Time Warner Cable, Inc. (Media) | 5.85 | 5/1/17 | 618 | ||||||||||||
278 | Time Warner Cable, Inc. (Media) | 8.25 | 2/14/14 | 301 | ||||||||||||
103 | Time Warner, Inc. (Media) | 6.20 | 3/15/40 | 126 | ||||||||||||
210 | Toyota Motor Credit Corp., MTN (Diversified Financial Services) | 3.20 | 6/17/15 | 223 | ||||||||||||
217 | United Technologies Corp. (Aerospace & Defense) | 4.50 | 6/1/42 | 241 | ||||||||||||
158 | UnitedHealth Group, Inc. (Health Care Providers & Services) | 1.40 | 10/15/17 | 158 |
See accompanying notes to financial statements.
119
HC CAPITAL TRUST
The Core Fixed Income Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Principal Amount (000) | Rate % | Maturity Date | Value (000) | |||||||||||||
Corporate Bonds (continued) | ||||||||||||||||
$72 | Verizon Communications, Inc. (Diversified Telecommunication Services) | 5.55 | 2/15/16 | $ | 82 | |||||||||||
134 | Verizon Communications, Inc. (Diversified Telecommunication Services) | 5.85 | 9/15/35 | 168 | ||||||||||||
347 | Wal-Mart Stores, Inc. (Specialty Retail) | 6.50 | 8/15/37 | 488 | ||||||||||||
191 | Watson Pharmaceuticals, Inc. (Pharmaceuticals) Callable 7/1/22 @ 100.00 | 3.25 | 10/1/22 | 195 | ||||||||||||
544 | Wells Fargo & Co., MTN (Commercial Banks) | 1.25 | 2/13/15 | 549 | ||||||||||||
344 | Williams Partners LP (Oil, Gas & Consumable Fuels) Callable 8/15/20 @ 100.00 | 4.13 | 11/15/20 | 374 | ||||||||||||
168 | Xerox Corp. (Office Electronics) | 2.95 | 3/15/17 | 172 | ||||||||||||
Total Corporate Bonds | 25,323 | |||||||||||||||
U.S. Treasury Obligations — 27.53% | ||||||||||||||||
1,000 | U.S. Treasury Bills (c) | 0.03 | 1/24/13 | 1,000 | ||||||||||||
1,000 | U.S. Treasury Bills (c) | 0.09 | 1/3/13 | 1,000 | ||||||||||||
3,000 | U.S. Treasury Bills (c) | 0.14 | 4/4/13 | 3,000 | ||||||||||||
8 | U.S. Treasury Bond | 2.75 | 8/15/42 | 8 | ||||||||||||
27 | U.S. Treasury Bond | 2.75 | 11/15/42 | 26 | ||||||||||||
174 | U.S. Treasury Bond | 3.00 | 5/15/42 | 177 | ||||||||||||
104 | U.S. Treasury Bond | 3.13 | 11/15/41 | 109 | ||||||||||||
162 | U.S. Treasury Bond | 3.13 | 2/15/42 | 169 | ||||||||||||
40 | U.S. Treasury Bond | 3.50 | 2/15/39 | 45 | ||||||||||||
135 | U.S. Treasury Bond | 3.75 | 8/15/41 | 159 | ||||||||||||
214 | U.S. Treasury Bond | 3.88 | 8/15/40 | 257 | ||||||||||||
142 | U.S. Treasury Bond | 4.25 | �� | 5/15/39 | 181 | |||||||||||
190 | U.S. Treasury Bond | 4.25 | 11/15/40 | 243 | ||||||||||||
75 | U.S. Treasury Bond | 4.38 | 2/15/38 | 97 | ||||||||||||
223 | U.S. Treasury Bond | 4.38 | 11/15/39 | 290 | ||||||||||||
100 | U.S. Treasury Bond | 4.38 | 5/15/40 | 130 | ||||||||||||
3 | U.S. Treasury Bond | 4.50 | 2/15/36 | 4 | ||||||||||||
100 | U.S. Treasury Bond | 4.63 | 2/15/40 | 135 | ||||||||||||
143 | U.S. Treasury Bond | 4.75 | 2/15/41 | 197 | ||||||||||||
70 | U.S. Treasury Bond | 5.38 | 2/15/31 | 100 | ||||||||||||
71 | U.S. Treasury Bond | 5.50 | 8/15/28 | 100 | ||||||||||||
61 | U.S. Treasury Bond | 6.00 | 2/15/26 | 88 | ||||||||||||
50 | U.S. Treasury Bond | 6.13 | 8/15/29 | 76 | ||||||||||||
77 | U.S. Treasury Bond | 7.50 | 11/15/24 | 123 | ||||||||||||
178 | U.S. Treasury Bond | 7.63 | 2/15/25 | 287 | ||||||||||||
200 | U.S. Treasury Bond | 9.00 | 11/15/18 | 293 | ||||||||||||
269 | U.S. Treasury Bond | 9.13 | 5/15/18 | 387 | ||||||||||||
168 | U.S. Treasury Bond | 11.25 | 2/15/15 | 207 | ||||||||||||
261 | U.S. Treasury Note | 0.25 | 1/31/14 | 261 | ||||||||||||
205 | U.S. Treasury Note | 0.25 | 2/28/14 | 205 | ||||||||||||
80 | U.S. Treasury Note | 0.25 | 3/31/14 | 80 | ||||||||||||
120 | U.S. Treasury Note | 0.25 | 5/31/14 | 120 | ||||||||||||
288 | U.S. Treasury Note | 0.25 | 9/15/14 | 288 | ||||||||||||
240 | U.S. Treasury Note | 0.25 | 12/15/14 | 240 | ||||||||||||
509 | U.S. Treasury Note | 0.25 | 5/15/15 | 508 | ||||||||||||
503 | U.S. Treasury Note | 0.25 | 7/15/15 | 502 | ||||||||||||
59 | U.S. Treasury Note | 0.25 | 8/15/15 | 59 |
See accompanying notes to financial statements.
120
HC CAPITAL TRUST
The Core Fixed Income Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Principal Amount (000) | Rate % | Maturity Date | Value (000) | |||||||||||||
U.S. Treasury Obligations (continued) | ||||||||||||||||
$405 | U.S. Treasury Note | 0.38 | 11/15/14 | $ | 406 | |||||||||||
225 | U.S. Treasury Note | 0.38 | 4/15/15 | 225 | ||||||||||||
375 | U.S. Treasury Note | 0.38 | 6/15/15 | 376 | ||||||||||||
45 | U.S. Treasury Note | 0.50 | 8/15/14 | 45 | ||||||||||||
20 | U.S. Treasury Note | 0.63 | 7/15/14 | 20 | ||||||||||||
400 | U.S. Treasury Note | 0.63 | 5/31/17 | 401 | ||||||||||||
270 | U.S. Treasury Note | 0.63 | 9/30/17 | 270 | ||||||||||||
60 | U.S. Treasury Note | 0.63 | 11/30/17 | 60 | ||||||||||||
282 | U.S. Treasury Note | 0.75 | 12/31/17 | 282 | ||||||||||||
250 | U.S. Treasury Note | 0.88 | 12/31/16 | 253 | ||||||||||||
70 | U.S. Treasury Note | 0.88 | 2/28/17 | 71 | ||||||||||||
145 | U.S. Treasury Note | 0.88 | 4/30/17 | 147 | ||||||||||||
107 | U.S. Treasury Note | 1.00 | 1/15/14 | 108 | ||||||||||||
458 | U.S. Treasury Note | 1.00 | 5/15/14 | 463 | ||||||||||||
208 | U.S. Treasury Note | 1.00 | 8/31/16 | 212 | ||||||||||||
18 | U.S. Treasury Note | 1.00 | 9/30/16 | 18 | ||||||||||||
176 | U.S. Treasury Note | 1.00 | 10/31/16 | 179 | ||||||||||||
310 | U.S. Treasury Note | 1.00 | 3/31/17 | 316 | ||||||||||||
310 | U.S. Treasury Note | 1.00 | 6/30/19 | 309 | ||||||||||||
139 | U.S. Treasury Note | 1.00 | 8/31/19 | 138 | ||||||||||||
144 | U.S. Treasury Note | 1.25 | 9/30/15 | 148 | ||||||||||||
299 | U.S. Treasury Note | 1.25 | 10/31/15 | 307 | ||||||||||||
20 | U.S. Treasury Note | 1.38 | 11/30/15 | 21 | ||||||||||||
5 | U.S. Treasury Note | 1.38 | 12/31/18 | 5 | ||||||||||||
185 | U.S. Treasury Note | 1.50 | 6/30/16 | 192 | ||||||||||||
137 | U.S. Treasury Note | 1.50 | 8/31/18 | 142 | ||||||||||||
207 | U.S. Treasury Note | 1.63 | 8/15/22 | 206 | ||||||||||||
80 | U.S. Treasury Note | 1.63 | 11/15/22 | 79 | ||||||||||||
418 | U.S. Treasury Note | 1.75 | 3/31/14 | 426 | ||||||||||||
212 | U.S. Treasury Note | 1.75 | 7/31/15 | 220 | ||||||||||||
90 | U.S. Treasury Note | 1.75 | 5/15/22 | 91 | ||||||||||||
300 | U.S. Treasury Note | 1.88 | 10/31/17 | 317 | ||||||||||||
129 | U.S. Treasury Note | 2.00 | 1/31/16 | 135 | ||||||||||||
98 | U.S. Treasury Note | 2.00 | 4/30/16 | 103 | ||||||||||||
170 | U.S. Treasury Note | 2.00 | 11/15/21 | 176 | ||||||||||||
240 | U.S. Treasury Note | 2.00 | 2/15/22 | 248 | ||||||||||||
376 | U.S. Treasury Note | 2.13 | 5/31/15 | 392 | ||||||||||||
284 | U.S. Treasury Note | 2.13 | 8/15/21 | 299 | ||||||||||||
344 | U.S. Treasury Note | 2.25 | 5/31/14 | 354 | ||||||||||||
214 | U.S. Treasury Note | 2.25 | 1/31/15 | 223 | ||||||||||||
290 | U.S. Treasury Note | 2.25 | 3/31/16 | 307 | ||||||||||||
154 | U.S. Treasury Note | 2.25 | 7/31/18 | 166 | ||||||||||||
158 | U.S. Treasury Note | 2.38 | 8/31/14 | 164 | ||||||||||||
117 | U.S. Treasury Note | 2.38 | 9/30/14 | 121 | ||||||||||||
300 | U.S. Treasury Note | 2.38 | 10/31/14 | 312 | ||||||||||||
380 | U.S. Treasury Note | 2.38 | 5/31/18 | 412 |
See accompanying notes to financial statements.
121
HC CAPITAL TRUST
The Core Fixed Income Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Principal Amount (000) | Rate % | Maturity Date | Value (000) | |||||||||||||
U.S. Treasury Obligations (continued) | ||||||||||||||||
$134 | U.S. Treasury Note | 2.50 | 3/31/15 | $ | 141 | |||||||||||
149 | U.S. Treasury Note | 2.50 | 4/30/15 | 157 | ||||||||||||
146 | U.S. Treasury Note | 2.63 | 6/30/14 | 151 | ||||||||||||
211 | U.S. Treasury Note | 2.63 | 7/31/14 | 219 | ||||||||||||
32 | U.S. Treasury Note | 2.63 | 12/31/14 | 33 | ||||||||||||
252 | U.S. Treasury Note | 2.63 | 8/15/20 | 277 | ||||||||||||
224 | U.S. Treasury Note | 2.63 | 11/15/20 | 246 | ||||||||||||
164 | U.S. Treasury Note | 2.75 | 11/30/16 | 178 | ||||||||||||
9 | U.S. Treasury Note | 2.75 | 5/31/17 | 10 | ||||||||||||
310 | U.S. Treasury Note | 2.75 | 2/15/19 | 343 | ||||||||||||
251 | U.S. Treasury Note | 3.00 | 8/31/16 | 274 | ||||||||||||
146 | U.S. Treasury Note | 3.00 | 9/30/16 | 160 | ||||||||||||
100 | U.S. Treasury Note | 3.13 | 1/31/17 | 110 | ||||||||||||
113 | U.S. Treasury Note | 3.13 | 4/30/17 | 125 | ||||||||||||
191 | U.S. Treasury Note | 3.13 | 5/15/19 | 216 | ||||||||||||
154 | U.S. Treasury Note | 3.13 | 5/15/21 | 175 | ||||||||||||
279 | U.S. Treasury Note | 3.25 | �� | 6/30/16 | 306 | |||||||||||
223 | U.S. Treasury Note | 3.25 | 7/31/16 | 245 | ||||||||||||
235 | U.S. Treasury Note | 3.25 | 12/31/16 | 260 | ||||||||||||
245 | U.S. Treasury Note | 3.25 | 3/31/17 | 272 | ||||||||||||
231 | U.S. Treasury Note | 3.38 | 11/15/19 | 266 | ||||||||||||
149 | U.S. Treasury Note | 3.50 | 5/15/20 | 173 | ||||||||||||
136 | U.S. Treasury Note | 3.63 | 8/15/19 | 158 | ||||||||||||
245 | U.S. Treasury Note | 3.63 | 2/15/20 | 286 | ||||||||||||
185 | U.S. Treasury Note | 3.63 | 2/15/21 | 217 | ||||||||||||
98 | U.S. Treasury Note | 3.75 | 11/15/18 | 114 | ||||||||||||
181 | U.S. Treasury Note | 4.00 | 2/15/14 | 189 | ||||||||||||
207 | U.S. Treasury Note | 4.00 | 2/15/15 | 223 | ||||||||||||
30 | U.S. Treasury Note | 4.00 | 8/15/18 | 35 | ||||||||||||
167 | U.S. Treasury Note | 4.25 | 8/15/14 | 178 | ||||||||||||
191 | U.S. Treasury Note | 4.25 | 8/15/15 | 210 | ||||||||||||
300 | U.S. Treasury Note | 4.75 | 5/15/14 | 319 | ||||||||||||
137 | U.S. Treasury Note | 4.88 | 8/15/16 | 159 | ||||||||||||
Total U.S. Treasury Obligations | 27,441 | |||||||||||||||
Yankee Dollars — 6.14% | ||||||||||||||||
167 | Allied World Assurance Co. Ltd. (Insurance) | 5.50 | 11/15/20 | 185 | ||||||||||||
255 | Barrick (PD) Australia Finance Pty Ltd. (Metals & Mining) | 5.95 | 10/15/39 | 295 | ||||||||||||
207 | Barrick International (Barbados) Corp. (Metals & Mining) (a) | 6.35 | 10/15/36 | 244 | ||||||||||||
309 | BHP Billiton Finance USA Ltd. (Metals & Mining) | 1.13 | 11/21/14 | 313 | ||||||||||||
393 | BP Capital Markets PLC (Oil, Gas & Consumable Fuels) | 2.25 | 11/1/16 | 409 | ||||||||||||
419 | Covidien International Finance SA (Health Care Equipment & Supplies) Callable 3/15/22 @ 100.00 | 3.20 | 6/15/22 | 439 | ||||||||||||
373 | Ensco PLC (Energy Equipment & Services) | 4.70 | 3/15/21 | 420 | ||||||||||||
279 | Fairfax Financial Holdings Ltd. (Insurance) (a) | 5.80 | 5/15/21 | 288 | ||||||||||||
218 | HSBC Bank PLC (Commercial Banks) (a) | 3.10 | 5/24/16 | 231 | ||||||||||||
334 | HSBC Bank PLC (Commercial Banks) (a) | 3.50 | 6/28/15 | 354 |
See accompanying notes to financial statements.
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Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares or Principal Amount (000) | Rate % | Maturity Date | Value (000) | |||||||||||||
Yankee Dollars (continued) | ||||||||||||||||
$651 | Kinross Gold Corp. (Metals & Mining) | 5.13 | 9/1/21 | $ | 672 | |||||||||||
202 | Shell International Finance BV (Oil, Gas & Consumable Fuels) | 2.38 | 8/21/22 | 203 | ||||||||||||
204 | Shell International Finance BV (Oil, Gas & Consumable Fuels) | 3.63 | 8/21/42 | 202 | ||||||||||||
162 | Shell International Finance BV (Oil, Gas & Consumable Fuels) | 6.38 | 12/15/38 | 228 | ||||||||||||
4 | Statoil ASA (Oil, Gas & Consumable Fuels) | 3.13 | 8/17/17 | 4 | ||||||||||||
184 | TransCanada PipeLines Ltd. (Oil, Gas & Consumable Fuels) | 6.10 | 6/1/40 | 245 | ||||||||||||
354 | Volkswagen International Finance N.V. (Diversified Financial Services) (a) | 2.38 | 3/22/17 | 365 | ||||||||||||
101 | Weatherford Bermuda Holdings Ltd. (Energy Equipment & Services) | 5.13 | 9/15/20 | 111 | ||||||||||||
179 | Weatherford International Ltd. (Energy Equipment & Services) | 6.50 | 8/1/36 | 199 | ||||||||||||
210 | Wesfarmers Ltd. (Multiline Retail) (a) | 7.00 | 4/10/13 | 213 | ||||||||||||
452 | Woodside Finance Ltd. (Thrifts & Mortgage Finance) Callable 2/10/21 @ 100.00 (a) | 4.60 | 5/10/21 | 498 | ||||||||||||
Total Yankee Dollars | 6,118 | |||||||||||||||
Preferred Stocks — 1.94% | ||||||||||||||||
7,425 | Arch Capital Group Ltd., Series C (Insurance) Callable 4/2/17 @ 25.00 | 199 | ||||||||||||||
17,125 | PNC Financial Services Group, Inc., Series P (Commercial Banks) Callable 5/1/22 @ 25.00 | 475 | ||||||||||||||
3,075 | Public Storage, Inc., Series U (Real Estate Investment Trusts) Callable 6/15/17 @ 25.00 | 80 | ||||||||||||||
9,700 | Reinsurance Group of America (Insurance) Callable 9/15/22 @ 25.00 | 263 | ||||||||||||||
8,600 | SCE Trust I (Electric Utilities) Callable 6/15/17 @ 25.00 | 222 | ||||||||||||||
11,950 | U.S. Bancorp, Series F (Commercial Banks) Callable 1/15/22 @ 25.00 | 342 | ||||||||||||||
12,725 | U.S. Bancorp, Series G (Commercial Banks) Callable 4/15/17 @ 25.00 | 353 | ||||||||||||||
Total Preferred Stocks | 1,934 | |||||||||||||||
Time Deposit — 0.08% | ||||||||||||||||
$80 | State Street Liquidity Management Control System Time Deposit | 0.01 | 1/2/13 | 80 | ||||||||||||
Total Time Deposit | 80 | |||||||||||||||
Mutual Funds — 2.09% | ||||||||||||||||
837,340 | SSgA Institutional Treasury Money Market Fund | (e) | 0.00 | 837 | ||||||||||||
1,244,000 | SSgA U.S. Government Money Market Fund | (e) | 0.00 | 1,244 | ||||||||||||
Total Mutual Funds | 2,081 | |||||||||||||||
Total Investments Before TBA Sale Commitments (cost $103,221) — 107.32% | 106,962 | |||||||||||||||
TBA Sale Commitments (f) — (2.17)% | ||||||||||||||||
$(300) | Fannie Mae, 30 YR TBA | 5.50 | 1/25/43 | (326) | ||||||||||||
(600) | Fannie Mae, 30 YR TBA | 6.00 | 1/25/43 | (655) | ||||||||||||
(1,100) | Freddie Mac, Gold 30 YR TBA | 4.50 | 1/15/43 | (1,181) | ||||||||||||
Total TBA Sale Commitments | (2,162) | |||||||||||||||
Liabilities in excess of other assets — (5.15)% | (5,131) | |||||||||||||||
Net Assets — 100.00% | $ | 99,669 |
(a) | Represents a security purchased under Rule 144A or Section 4(2) and is exempt from registration under the Securities Act of 1933, as amended, or is otherwise restricted to resale. Certain of these securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. These securities have been deemed liquid by the Specialist Manager. |
(b) | Variable Rate Security. The rate reflected is the rate in effect on December 31, 2012. |
(c) | Rate disclosed represents effective yield at purchase. |
(d) | A perpetual bond is one with no maturity date that pays a fixed interest rate forever. |
See accompanying notes to financial statements.
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HC CAPITAL TRUST
The Core Fixed Income Portfolio
Portfolio of Investments (concluded) — December 31, 2012 (Unaudited)
(e) | The rate disclosed is the rate in effect on December 31, 2012. |
(f) | Represents a “to-be-announced” transaction. The Portfolio has committed to sell securities for which all specific information is not available at this time. (See Note 2 in the Notes to Financial Statements). |
MTN — Medium Term Note
TBA — Security is subject to delayed delivery.
The following table reflects the percentage of the total net assets of the Portfolio attributable to each Specialist Manager; see Note 3 in the Notes to Financial Statements.
The Core Fixed Income Portfolio | BlackRock Financial Management, Inc. | Mellon Capital Management Corp. | Seix Investment Advisors LLC | Total | ||||||||||||
Asset Backed Security | 0.28 | % | — | — | 0.28 | % | ||||||||||
Collateralized Mortgage Obligations | 2.44 | % | — | — | 2.44 | % | ||||||||||
U.S. Government Agency Mortgages | 38.39 | % | — | — | 38.39 | % | ||||||||||
U.S. Government Agency Securities | — | 3.02 | % | — | 3.02 | % | ||||||||||
Corporate Bonds | — | 0.03 | % | 25.38 | % | 25.41 | % | |||||||||
U.S. Treasury Obligations | 5.01 | % | 22.52 | % | — | 27.53 | % | |||||||||
Yankee Dollars | — | — | 6.14 | % | 6.14 | % | ||||||||||
Preferred Stocks | — | — | 1.94 | % | 1.94 | % | ||||||||||
Time Deposit | — | 0.08 | % | — | 0.08 | % | ||||||||||
Mutual Funds | 0.84 | % | — | 1.25 | % | 2.09 | % | |||||||||
Other Assets (Liabilities) | -7.73 | % | 0.10 | % | 0.31 | % | -7.32 | % | ||||||||
Total Net Assets | 39.23 | % | 25.75 | % | 35.02 | % | 100.00 | % |
See accompanying notes to financial statements.
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Portfolio of Investments — December 31, 2012 (Unaudited)
Principal Amount (000) | Rate % | Maturity Date | Value (000) | |||||||||||||
Corporate Bonds — 81.26% | ||||||||||||||||
$ 1,160 | 313 Group, Inc. (Aerospace & Defense) Callable 12/1/15 @ 104.78 (a) | 6.38 | 12/1/19 | $ | 1,150 | |||||||||||
1,585 | 313 Group, Inc. (Aerospace & Defense) Callable 12/1/15 @ 106.56 (a) | 8.75 | 12/1/20 | 1,557 | ||||||||||||
1,835 | A-S Co.-Issuer Subsidiary Inc./A-S Merger Sub LLC (Insurance) Callable 12/15/15 @ 103.94 (a) | 7.88 | 12/15/20 | 1,835 | ||||||||||||
1,196 | Accellent, Inc. (Health Care Equipment & Supplies) Callable 2/1/13 @ 106.28 | 8.38 | 2/1/17 | 1,256 | ||||||||||||
945 | Access Midstream Partners LP (Oil, Gas & Consumable Fuels) Callable 12/15/17 @ 102.44 | 4.88 | 5/15/23 | 959 | ||||||||||||
1,335 | Access Midstream Partners LP (Oil, Gas & Consumable Fuels) Callable 1/15/17 @ 103.06 | 6.13 | 7/15/22 | 1,438 | ||||||||||||
750 | Accuride Corp. (Machinery) Callable 8/1/14 @ 104.75 | 9.50 | 8/1/18 | 724 | ||||||||||||
781 | AES Ironwood LLC (Electric Utilities) | 8.86 | 11/30/25 | 915 | ||||||||||||
293 | Affinia Group, Inc. (Auto Components) Callable 2/8/13 @ 108.06 (a) | 10.75 | 8/15/16 | 318 | ||||||||||||
1,000 | AK Steel Holding Corp. (Metals & Mining) Callable 4/1/17 @ 104.19 | 8.38 | 4/1/22 | 860 | ||||||||||||
1,008 | Aleris International, Inc. (Metals & Mining) Callable 2/15/14 @ 105.72 | 7.63 | 2/15/18 | 1,026 | ||||||||||||
1,264 | Aleris International, Inc. (Metals & Mining) Callable 11/1/15 @ 105.91 (a) | 7.88 | 11/1/20 | 1,264 | ||||||||||||
960 | Ally Financial, Inc. (Diversified Financial Services) | 5.50 | 2/15/17 | 1,027 | ||||||||||||
2,495 | Ally Financial, Inc. (Diversified Financial Services) | 6.25 | 12/1/17 | 2,763 | ||||||||||||
1,000 | Ally Financial, Inc. (Diversified Financial Services) | 8.00 | 12/31/18 | 1,170 | ||||||||||||
541 | AMC Networks, Inc. (Media) Callable 12/15/17 @ 102.38 | 4.75 | 12/15/22 | 544 | ||||||||||||
1,000 | AMC Networks, Inc. (Media) Callable 7/15/16 @ 103.88 | 7.75 | 7/15/21 | 1,145 | ||||||||||||
500 | AmerenEnergy Generating Co., Series H (Electric Utilities) | 7.00 | 4/15/18 | 363 | ||||||||||||
600 | American General Institutional Capital, Series B (Diversified Financial Services) (a) | 8.13 | 3/15/46 | 750 | ||||||||||||
1,100 | American International Group, Inc. (Insurance) Callable 5/15/38 @ 100.00 (b) | 8.18 | 5/15/58 | 1,433 | ||||||||||||
850 | American Petroleum Tankers LLC (Energy Equipment & Services) Callable 2/8/13 @ 105.13 | 10.25 | 5/1/15 | 888 | ||||||||||||
575 | AmeriGas Finance LLC/AmeriGas Finance Corp. (Multiline Retail) Callable 5/20/17 @ 103.50 | 7.00 | 5/20/22 | 640 | ||||||||||||
230 | Ameristar Casinos, Inc. (Hotels, Restaurants & Leisure) Callable 4/15/15 @ 105.62 | 7.50 | 4/15/21 | 249 | ||||||||||||
610 | Amsted Industries, Inc. (Machinery) Callable 3/15/14 @ 104.06 (a) | 8.13 | 3/15/18 | 653 | ||||||||||||
625 | Antero Resources Finance Corp. (Oil, Gas & Consumable Fuels) Callable 12/1/15 @ 104.50 (a) | 6.00 | 12/1/20 | 633 | ||||||||||||
2,104 | Apria Healthcare Group, Inc., Series A1 (Health Care Providers & Services) Callable 2/8/13 @ 102.81 | 11.25 | 11/1/14 | 2,175 | ||||||||||||
125 | Arch Coal, Inc. (Oil, Gas & Consumable Fuels) Callable 6/15/15 @ 103.50 | 7.00 | 6/15/19 | 116 | ||||||||||||
745 | Arch Coal, Inc. (Oil, Gas & Consumable Fuels) Callable 6/15/16 @ 103.63 | 7.25 | 6/15/21 | 687 | ||||||||||||
1,000 | Assured Guaranty Municipal Corp. (Insurance) Callable 12/15/36 @ 100.00 (a) | 6.40 | 12/15/66 | 800 | ||||||||||||
1,270 | Assured Guaranty US Holdings, Inc., Series A (Diversified Financial Services) Callable 12/15/16 @ 100.00 (b) | 6.40 | 12/15/66 | 1,092 | ||||||||||||
750 | Asurion Corp. (Insurance) (a)(b) | 5.55 | 5/24/18 | 757 | ||||||||||||
300 | Atlas Pipeline Partners LP/Atlas Pipeline Finance Corp. (Oil, Gas & Consumable Fuels) Callable 10/1/16 @ 103.31 (a) | 6.63 | 10/1/20 | 311 | ||||||||||||
2,133 | Atlas Pipeline Partners LP/Atlas Pipeline Finance Corp. (Oil, Gas & Consumable Fuels) Callable 10/1/16 @ 103.31 (a) | 6.63 | 10/1/20 | 2,208 | ||||||||||||
1,130 | Atlas Pipeline Partners LP/Atlas Pipeline Finance Corp. (Oil, Gas & Consumable Fuels) Callable 6/15/13 @ 104.38 | 8.75 | 6/15/18 | 1,203 | ||||||||||||
810 | AutoNation, Inc. (Specialty Retail) | 5.50 | 2/1/20 | 870 | ||||||||||||
1,100 | Aviation Capital Group (Machinery) (a) | 6.75 | 4/6/21 | 1,137 | ||||||||||||
830 | Avis Budget Car Rental LLC (Road & Rail) Callable 10/15/14 @ 104.13 | 8.25 | 1/15/19 | 917 | ||||||||||||
580 | Avis Budget Car Rental LLC (Road & Rail) Callable 3/15/14 @ 104.81 | 9.63 | 3/15/18 | 647 | ||||||||||||
750 | Ball Corp. (Containers & Packaging) | 5.00 | 3/15/22 | 803 | ||||||||||||
375 | Bank of America Corp. (Diversified Financial Services) | 5.70 | 1/24/22 | 451 | ||||||||||||
1,452 | Basic Energy Services, Inc. (Energy Equipment & Services) Callable 2/15/15 @ 103.88 | 7.75 | 2/15/19 | 1,445 | ||||||||||||
502 | Basic Energy Services, Inc. (Energy Equipment & Services) Callable 10/15/17 @ 103.88 (a) | 7.75 | 10/15/22 | 489 | ||||||||||||
2,520 | BE Aerospace, Inc. (Aerospace & Defense) Callable 4/1/17 @ 102.63 | 5.25 | 4/1/22 | 2,671 | ||||||||||||
2,346 | Belden, Inc. (Electrical Equipment) Callable 9/1/17 @ 102.75 (a) | 5.50 | 9/1/22 | 2,411 | ||||||||||||
1,575 | Berry Petroleum Co. (Oil, Gas & Consumable Fuels) Callable 11/1/15 @ 103.38 | 6.75 | 11/1/20 | 1,693 | ||||||||||||
1,650 | BI-LO LLC/BI-LO Finance Corp. (Food & Staples Retailing) Callable 2/15/15 @ 104.63 (a) | 9.25 | 2/15/19 | 1,765 |
See accompanying notes to financial statements.
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Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Principal Amount (000) | Rate % | Maturity Date | Value (000) | |||||||||||||
Corporate Bonds (continued) | ||||||||||||||||
$1,000 | Bill Barrett Corp. (Oil, Gas & Consumable Fuels) Callable 10/15/17 @ 103.50 | 7.00 | 10/15/22 | $ | 1,030 | |||||||||||
2,505 | Biomet, Inc. (Health Care Equipment & Supplies) Callable 8/1/15 @ 104.88 (a) | 6.50 | 8/1/20 | 2,662 | ||||||||||||
565 | Block Communications, Inc. (Media) Callable 2/1/16 @ 103.63 (a) | 7.25 | 2/1/20 | 600 | ||||||||||||
975 | Boyd Gaming Corp. (Hotels, Restaurants & Leisure) Callable 7/1/16 @ 104.50 (a) | 9.00 | 7/1/20 | 960 | ||||||||||||
1,040 | Bristow Group, Inc. (Energy Equipment & Services) Callable 10/15/17 @ 103.13 | 6.25 | 10/15/22 | 1,113 | ||||||||||||
960 | Bruce Mansfield Unit 1 2007 Pass-Through Trust (Multi-Utilities) | 6.85 | 6/1/34 | 1,000 | ||||||||||||
450 | Building Materials Corp. of America (Building Products) Callable 5/1/16 @ 103.38 (a) | 6.75 | 5/1/21 | 497 | ||||||||||||
1,350 | Cablevision Systems Corp. (Media) | 8.00 | 4/15/20 | 1,520 | ||||||||||||
535 | Caesars Entertainment Operating Co., Inc. (a)(b) | 3.21 | 1/28/15 | 526 | ||||||||||||
525 | Caesars Entertainment Operating Co., Inc. (Hotels, Restaurants & Leisure) Callable 2/15/16 @ 104.25 | 8.50 | 2/15/20 | 521 | ||||||||||||
1,365 | Caesars Entertainment Operating Co., Inc. (Hotels, Restaurants & Leisure) Callable 6/1/13 @ 105.62 | 11.25 | 6/1/17 | 1,462 | ||||||||||||
900 | Calpine Corp. (Independent Power Producers & Energy Traders) Callable 11/1/15 @ 103.75 (a) | 7.50 | 2/15/21 | 994 | ||||||||||||
2,627 | Calpine Corp. (Independent Power Producers & Energy Traders) Callable 1/15/17 @ 103.94 (a) | 7.88 | 1/15/23 | 2,969 | ||||||||||||
1,500 | Capella Healthcare, Inc. (Health Care Providers & Services) Callable 7/1/13 @ 106.94 | 9.25 | 7/1/17 | 1,609 | ||||||||||||
565 | Carmike Cinemas, Inc. (Media) Callable 5/15/15 @ 105.53 | 7.38 | 5/15/19 | 610 | ||||||||||||
1,399 | Carrizo Oil & Gas, Inc. (Oil, Gas & Consumable Fuels) Callable 9/15/16 @ 103.75 | 7.50 | 9/15/20 | 1,437 | ||||||||||||
1,000 | Carrizo Oil & Gas, Inc. (Oil, Gas & Consumable Fuels) Callable 10/15/14 @ 104.31 | 8.63 | 10/15/18 | 1,080 | ||||||||||||
2,000 | Case New Holland, Inc. (Machinery) | 7.88 | 12/1/17 | 2,365 | ||||||||||||
1,310 | CCO Holdings LLC/CCO Holdings Capital Corp. (Media) Callable 2/15/18 @ 102.56 | 5.13 | 2/15/23 | 1,307 | ||||||||||||
1,200 | CCO Holdings LLC/CCO Holdings Capital Corp. (Media) Callable 4/30/15 @ 104.88 | 6.50 | 4/30/21 | 1,294 | ||||||||||||
1,150 | CCO Holdings LLC/CCO Holdings Capital Corp. (Media) Callable 1/15/14 @ 105.25 | 7.00 | 1/15/19 | 1,241 | ||||||||||||
775 | CCO Holdings LLC/CCO Holdings Capital Corp. (Media) Callable 10/30/13 @ 105.44 | 7.25 | 10/30/17 | 845 | ||||||||||||
1,145 | CCO Holdings LLC/CCO Holdings Capital Corp. (Media) Callable 4/30/13 @ 105.91 | 7.88 | 4/30/18 | 1,232 | ||||||||||||
490 | CCO Holdings LLC/CCO Holdings Capital Corp. (Media) Callable 4/30/15 @ 104.06 | 8.13 | 4/30/20 | 549 | ||||||||||||
1,970 | CDW LLC (a)(b) | 4.00 | 7/15/17 | 1,959 | ||||||||||||
1,250 | Cemex Finance LLC/Cemex SAB de CV (Construction Materials) Callable 10/12/17 @ 104.69 (a) | 9.38 | 10/12/22 | 1,406 | ||||||||||||
500 | Central Garden & Pet Co. (Household Products) Callable 3/1/14 @ 104.13 | 8.25 | 3/1/18 | 529 | ||||||||||||
1,500 | CenturyLink, Inc., Series T (Diversified Telecommunication Services) | 5.80 | 3/15/22 | 1,586 | ||||||||||||
245 | CenturyLink, Inc. (Diversified Telecommunication Services) | 6.45 | 6/15/21 | 271 | ||||||||||||
1,250 | Cenveo Corp. (Commercial Services & Supplies) Callable 2/1/14 @ 104.44 | 8.88 | 2/1/18 | 1,187 | ||||||||||||
2,075 | Cenveo Corp. (Commercial Services & Supplies) Callable 5/15/15 @ 105.75 | 11.50 | 5/15/17 | 1,756 | ||||||||||||
2,988 | Cequel Communications Holdings I LLC/Cequel Capital Corp. (Diversified Telecommunication Services) Callable 9/15/15 @ 104.78 (a) | 6.38 | 9/15/20 | 3,111 | ||||||||||||
1,995 | Cequel Communications Holdings I LLC/Cequel Capital Corp. (Diversified Telecommunication Services) Callable 2/13/13 @ 106.47 (a) | 8.63 | 11/15/17 | 2,135 | ||||||||||||
1,318 | Cequel Communications LLC (Diversified Telecommunication Services) (a)(b) | 4.00 | 2/14/19 | 1,324 | ||||||||||||
1,980 | Charter Communications Operating LLC (Media) (a)(b) | 4.00 | 5/5/19 | 1,995 | ||||||||||||
220 | Chesapeake Energy Corp. (Oil, Gas & Consumable Fuels) | 6.13 | 2/15/21 | 228 | ||||||||||||
275 | Chesapeake Energy Corp. (Oil, Gas & Consumable Fuels) | 6.50 | 8/15/17 | 298 | ||||||||||||
775 | Chesapeake Energy Corp. (Oil, Gas & Consumable Fuels) | 6.63 | 8/15/20 | 831 | ||||||||||||
310 | Chesapeake Energy Corp. (Oil, Gas & Consumable Fuels) | 6.88 | 11/15/20 | 336 | ||||||||||||
535 | Chesapeake Energy Corp. (Oil, Gas & Consumable Fuels) | 7.25 | 12/15/18 | 583 | ||||||||||||
935 | Chesapeake Energy Corp. (Oil, Gas & Consumable Fuels) | 7.63 | 7/15/13 | 963 | ||||||||||||
925 | Chesapeake Energy Corp. (Oil, Gas & Consumable Fuels) | 9.50 | 2/15/15 | 1,045 | ||||||||||||
270 | Chesapeake Midstream Partners LLC (Oil, Gas & Consumable Fuels) Callable 4/15/15 @ 104.41 | 5.88 | 4/15/21 | 287 | ||||||||||||
385 | Chester Downs & Marina LLC (Hotels, Restaurants & Leisure) Callable 2/1/16 @ 104.63 (a) | 9.25 | 2/1/20 | 378 | ||||||||||||
694 | Chrysler Group LLC/Chrysler Group Co-Issuer, Inc. (Automobiles) Callable 6/15/16 @ 104.13 | 8.25 | 6/15/21 | 763 |
See accompanying notes to financial statements.
126
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Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Principal Amount (000) | Rate % | Maturity Date | Value (000) | |||||||||||||
Corporate Bonds (continued) | ||||||||||||||||
$927 | CHS/Community Health Systems, Inc. (Health Care Providers & Services) Callable 8/15/15 @ 102.56 | 5.13 | 8/15/18 | $ | 966 | |||||||||||
2,576 | CHS/Community Health Systems, Inc. (Health Care Providers & Services) Callable 7/15/16 @ 103.56 | 7.13 | 7/15/20 | 2,750 | ||||||||||||
750 | Cincinnati Bell, Inc. (Diversified Telecommunication Services) Callable 10/15/13 @ 104.13 | 8.25 | 10/15/17 | 808 | ||||||||||||
405 | Cincinnati Bell, Inc. (Diversified Telecommunication Services) Callable 10/15/15 @ 104.19 | 8.38 | 10/15/20 | 438 | ||||||||||||
370 | Cinemark USA, Inc. (Hotels, Restaurants & Leisure) Callable 12/15/17 @ 102.56 (a) | 5.13 | 12/15/22 | 375 | ||||||||||||
255 | Cinemark USA, Inc. (Hotels, Restaurants & Leisure) Callable 6/15/16 @ 103.69 | 7.38 | 6/15/21 | 282 | ||||||||||||
2,585 | CIT Group, Inc. (Diversified Financial Services) (a) | 4.75 | 2/15/15 | 2,688 | ||||||||||||
1,570 | CIT Group, Inc. (Diversified Financial Services) | 5.00 | 5/15/17 | 1,664 | ||||||||||||
1,080 | CIT Group, Inc. (Diversified Financial Services) | 5.25 | 3/15/18 | 1,156 | ||||||||||||
2,015 | CIT Group, Inc. (Diversified Financial Services) (a) | 6.63 | 4/1/18 | 2,277 | ||||||||||||
505 | Citgo Petroleum Corp. (Oil, Gas & Consumable Fuels) Callable 7/1/14 @ 105.75 (a) | 11.50 | 7/1/17 | 583 | ||||||||||||
645 | Claire's Stores, Inc. (Multiline Retail) Callable 3/15/15 @ 106.75 (a) | 9.00 | 3/15/19 | 692 | ||||||||||||
515 | Clean Harbors, Inc. (Commercial Services & Supplies) Callable 12/1/16 @ 102.56 (a) | 5.13 | 6/1/21 | 533 | ||||||||||||
630 | Clean Harbors, Inc. (Commercial Services & Supplies) Callable 8/1/16 @ 102.63 | 5.25 | 8/1/20 | 657 | ||||||||||||
1,110 | Clear Channel Worldwide Holdings, Inc., Series A (Media) Callable 11/15/17 @ 103.25 (a) | 6.50 | 11/15/22 | 1,141 | ||||||||||||
3,005 | Clear Channel Worldwide Holdings, Inc., Series B (Media) Callable 11/15/17 @ 103.25 (a) | 6.50 | 11/15/22 | 3,118 | ||||||||||||
1,975 | Clear Channel Worldwide Holdings, Inc., Series B (Media) Callable 3/15/15 @ 105.72 | 7.63 | 3/15/20 | 1,990 | ||||||||||||
710 | Cloud Peak Energy Resources LLC/Cloud Peak Energy Finance Corp. (Oil, Gas & Consumable Fuels) Callable 12/15/14 @ 104.25 | 8.50 | 12/15/19 | 779 | ||||||||||||
745 | ClubCorp Club Operations, Inc. (Hotels, Restaurants & Leisure) Callable 12/1/14 @ 105.00 | 10.00 | 12/1/18 | 829 | ||||||||||||
1,625 | CNG Holdings, Inc. (Energy Equipment & Services) Callable 5/15/16 @ 104.69 (a) | 9.38 | 5/15/20 | 1,649 | ||||||||||||
1,785 | Coffeyville Resources LLC (Oil, Gas & Consumable Fuels) Callable 4/1/13 @ 108.16 (a) | 10.88 | 4/1/17 | 1,963 | ||||||||||||
1,050 | Community Choice Financial, Inc. (Thrifts & Mortgage Finance) Callable 5/1/15 @ 105.38 | 10.75 | 5/1/19 | 1,011 | ||||||||||||
159 | Community Health Systems, Inc. (Health Care Providers & Services) (a)(b) | 3.81 | 1/25/17 | 160 | ||||||||||||
1,225 | Community Health Systems, Inc. (Health Care Providers & Services) Callable 11/15/15 @ 104.00 | 8.00 | 11/15/19 | 1,326 | ||||||||||||
500 | Consol Energy, Inc. (Oil, Gas & Consumable Fuels) Callable 4/1/15 @ 104.13 | 8.25 | 4/1/20 | 541 | ||||||||||||
635 | Consolidated Communications Finance Co. (Communications Equipment) Callable 6/1/16 @ 105.44 (a) | 10.88 | 6/1/20 | 699 | ||||||||||||
760 | Consolidated Container Co. LLC/Consolidated Container Capital, Inc. (Containers & Packaging) Callable 7/15/15 @ 107.59 (a) | 10.13 | 7/15/20 | 813 | ||||||||||||
1,595 | Constellation Brands, Inc. (Beverages) | 4.63 | 3/1/23 | 1,667 | ||||||||||||
493 | Continental Airlines 2003-ERJ1 Pass-Through Trust, Series RJ03 (Airlines) | 7.88 | 1/2/20 | 507 | ||||||||||||
530 | Continental Airlines, Inc., Series 2012-1, Class B (Airlines) | 6.25 | 4/11/20 | 562 | ||||||||||||
1,555 | Cooper-Standard Automotive, Inc. (Auto Components) Callable 5/1/14 @ 104.25 | 8.50 | 5/1/18 | 1,672 | ||||||||||||
1,000 | Copano Energy LLC/Copano Energy Finance Corp. (Oil, Gas & Consumable Fuels) Callable 4/1/16 @ 103.56 | 7.13 | 4/1/21 | 1,074 | ||||||||||||
230 | Cott Beverages USA, Inc. (Beverages) Callable 9/1/14 @ 104.06 | 8.13 | 9/1/18 | 254 | ||||||||||||
900 | Covanta Holding Corp. (Commercial Services & Supplies) Callable 12/1/15 @ 103.63 | 7.25 | 12/1/20 | 992 | ||||||||||||
2,550 | Crestwood Midstream Partners LP (Energy Equipment & Services) Callable 4/1/15 @ 103.88 | 7.75 | 4/1/19 | 2,646 | ||||||||||||
385 | Cricket Communications, Inc. (Wireless Telecommunication Services) Callable 2/8/13 @ 105.81 | 7.75 | 5/15/16 | 408 | ||||||||||||
2,075 | Crown Castle International Corp. (Wireless Telecommunication Services) (a)(b) | 4.00 | 1/25/19 | 2,084 | ||||||||||||
868 | Crown Castle International Corp. (Wireless Telecommunication Services) (a) | 5.25 | 1/15/23 | 929 | ||||||||||||
1,000 | CSC Holdings LLC (Construction & Engineering) | 7.63 | 7/15/18 | 1,155 | ||||||||||||
165 | CVR Refining LLC/Coffeyville Finance, Inc. (Oil, Gas & Consumable Fuels) Callable 11/1/17 @ 103.25 (a) | 6.50 | 11/1/22 | 164 | ||||||||||||
345 | CyrusOne LP/CyrusOne Finance Corp. (Communications Equipment) Callable 11/15/17 @ 103.19 (a) | 6.38 | 11/15/22 | 360 | ||||||||||||
475 | Darling International, Inc. (Food Products) Callable 12/15/14 @ 104.25 | 8.50 | 12/15/18 | 546 | ||||||||||||
2,245 | DaVita, Inc. (Health Care Providers & Services) Callable 8/15/17 @ 102.88 | 5.75 | 8/15/22 | 2,366 | ||||||||||||
154 | Delta Air Lines, Inc. (Airlines) (a) | 8.95 | 8/10/14 | 160 |
See accompanying notes to financial statements.
127
HC CAPITAL TRUST
The Fixed Income Opportunity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Principal Amount (000) | Rate % | Maturity Date | Value (000) | |||||||||||||
Corporate Bonds (continued) | ||||||||||||||||
$3,325 | Diamond Resorts Corp. (Hotels, Restaurants & Leisure) Callable 8/15/14 @ 106.00 | 12.00 | 8/15/18 | $ | 3,599 | |||||||||||
1,219 | Digital Global, Inc. (Aerospace & Defense) (a)(b) | 5.75 | 10/7/18 | 1,221 | ||||||||||||
1,645 | DISH DBS Corp. (Media) | 5.88 | 7/15/22 | 1,768 | ||||||||||||
1,000 | DISH DBS Corp. (Media) | 6.75 | 6/1/21 | 1,140 | ||||||||||||
965 | DISH DBS Corp. (Media) | 7.88 | 9/1/19 | 1,144 | ||||||||||||
880 | Ducommun, Inc. (Aerospace & Defense) Callable 7/15/15 @ 104.88 | 9.75 | 7/15/18 | 946 | ||||||||||||
675 | Dycom Investments, Inc. (Construction & Engineering) Callable 1/15/16 @ 103.56 | 7.13 | 1/15/21 | 714 | ||||||||||||
470 | Eagle Rock Energy Partners LP/Eagle Rock Energy Finance Corp. (Oil, Gas & Consumable Fuels) Callable 6/1/15 @ 104.19 (a) | 8.38 | 6/1/19 | 479 | ||||||||||||
420 | EchoStar DBS Corp. (Media) | 7.13 | 2/1/16 | 470 | ||||||||||||
695 | EchoStar DBS Corp. (Media) | 7.75 | 5/31/15 | 778 | ||||||||||||
330 | El Paso Corp. (Oil, Gas & Consumable Fuels) | 6.50 | 9/15/20 | 373 | ||||||||||||
530 | El Paso Corp. (Oil, Gas & Consumable Fuels) | 7.00 | 6/15/17 | 605 | ||||||||||||
135 | El Paso Natural Gas Co. (Oil, Gas & Consumable Fuels) | 8.63 | 1/15/22 | 186 | ||||||||||||
1,230 | Endeavour International Corp. (Oil, Gas & Consumable Fuels) Callable 3/1/15 @ 106.00 (a) | 12.00 | 3/1/18 | 1,285 | ||||||||||||
505 | Endo Pharmaceuticals Holdings, Inc. (Pharmaceuticals) Callable 7/15/15 @ 103.50 | 7.00 | 7/15/19 | 538 | ||||||||||||
520 | Endo Pharmaceuticals Holdings, Inc. (Pharmaceuticals) Callable 12/15/15 @ 103.50 | 7.00 | 12/15/20 | 554 | ||||||||||||
705 | Endo Pharmaceuticals Holdings, Inc. (Pharmaceuticals) Callable 7/15/16 @ 103.63 | 7.25 | 1/15/22 | 756 | ||||||||||||
1,410 | Energy Future Holdings Corp. (Electric Utilities) Callable 1/15/15 @ 105.00 (c) | 10.00 | 1/15/20 | 1,576 | ||||||||||||
2,025 | Energy Transfer Equity LP (Oil, Gas & Consumable Fuels) (a)(b) | 3.75 | 3/23/17 | 2,038 | ||||||||||||
2,850 | Entravision Communications Corp. (Media) Callable 8/1/13 @ 106.56 | 8.75 | 8/1/17 | 3,092 | ||||||||||||
1,235 | EP Energy/Everest Acquisition Finance, Inc. (Oil, Gas & Consumable Fuels) Callable 5/1/15 @ 103.44 | 6.88 | 5/1/19 | 1,340 | ||||||||||||
2,350 | Equinix, Inc. (Internet Software & Services) Callable 7/15/16 @ 103.50 | 7.00 | 7/15/21 | 2,608 | ||||||||||||
275 | Equinox Holdings, Inc. (Hotels, Restaurants & Leisure) Callable 2/1/13 @ 104.75 (a) | 9.50 | 2/1/16 | 290 | ||||||||||||
1,500 | Exide Technologies, Inc. (Auto Components) Callable 2/1/15 @ 104.31 | 8.63 | 2/1/18 | 1,271 | ||||||||||||
1,500 | Exterran Holdings, Inc. (Energy Equipment & Services) Callable 12/1/13 @ 105.44 | 7.25 | 12/1/18 | 1,590 | ||||||||||||
1,065 | FelCor Lodging LP (Real Estate Investment Trusts) Callable 3/1/18 @ 102.81 (a) | 5.63 | 3/1/23 | 1,060 | ||||||||||||
2,500 | Fidelity National Information Services, Inc. (IT Services) Callable 3/15/17 @ 102.50 | 5.00 | 3/15/22 | 2,681 | ||||||||||||
3,995 | First Data Corp. (Software) Callable 11/1/15 @ 105.06 (a) | 6.75 | 11/1/20 | 4,035 | ||||||||||||
820 | First Wind Capital LLC (Oil, Gas & Consumable Fuels) Callable 6/1/14 @ 107.69 (a) | 10.25 | 6/1/18 | 843 | ||||||||||||
1,894 | Forest Oil Corp. (Oil, Gas & Consumable Fuels) Callable 2/8/13 @ 103.63 | 7.25 | 6/15/19 | 1,903 | ||||||||||||
215 | Fortescue Metals Group Ltd. (a)(b) | 5.25 | 10/31/17 | 217 | ||||||||||||
1,261 | Frac Tech International LLC (Energy Equipment & Services) (a)(b) | 8.50 | 5/6/16 | 1,044 | ||||||||||||
495 | Freescale Semiconductor, Inc. (Semiconductors & Semiconductor Equipment) Callable 4/15/14 @ 104.63 (a) | 9.25 | 4/15/18 | 541 | ||||||||||||
540 | Fresenius Medical Care US Finance II, Inc. (Health Care Providers & Services) (a) | 5.63 | 7/31/19 | 580 | ||||||||||||
500 | Frontier Communications Corp. (Diversified Telecommunication Services) | 8.13 | 10/1/18 | 575 | ||||||||||||
1,500 | Frontier Communications Corp. (Diversified Telecommunication Services) | 8.50 | 4/15/20 | 1,725 | ||||||||||||
240 | FTI Consulting, Inc. (IT Services) Callable 11/15/17 @ 103.00 (a) | 6.00 | 11/15/22 | 248 | ||||||||||||
1,000 | GCI, Inc. (Media) Callable 6/1/16 @ 103.38 | 6.75 | 6/1/21 | 980 | ||||||||||||
835 | General Cable Corp. (Electrical Equipment) Callable 10/1/17 @ 102.88 (a) | 5.75 | 10/1/22 | 864 | ||||||||||||
990 | General Motors Financial Co., Inc. (Diversified Financial Services) | 6.75 | 6/1/18 | 1,136 | ||||||||||||
2,192 | Genesis Energy LP (Oil, Gas & Consumable Fuels) Callable 12/15/14 @ 103.94 | 7.88 | 12/15/18 | 2,340 | ||||||||||||
3,365 | GenOn Energy, Inc. (Multi-Utilities) | 9.50 | 10/15/18 | 3,971 | ||||||||||||
655 | Genworth Financial, Inc. (Insurance) Callable 11/15/16 @ 100.00 (b) | 6.15 | 11/15/66 | 486 | ||||||||||||
135 | Genworth Financial, Inc. (Insurance) | 7.63 | 9/24/21 | 149 | ||||||||||||
525 | GeoEye, Inc. (Aerospace & Defense) Callable 10/1/13 @ 104.31 | 8.63 | 10/1/16 | 572 | ||||||||||||
725 | GeoEye, Inc. (Aerospace & Defense) Callable 10/1/13 @ 104.31 | 9.63 | 10/1/15 | 801 | ||||||||||||
5,145 | GMAC, Inc. (Consumer Finance) | 8.00 | 11/1/31 | 6,515 | ||||||||||||
660 | GrafTech International Ltd. (Electronic Equipment, Instruments & Components) Callable 11/15/16 @ 103.19 (a) | 6.38 | 11/15/20 | 684 | ||||||||||||
1,000 | Griffon Corp. (Building Products) Callable 4/1/14 @ 105.34 | 7.13 | 4/1/18 | 1,060 | ||||||||||||
1,850 | Halcon Resources Corp. (Oil, Gas & Consumable Fuels) Callable 11/15/16 @ 104.44 (a) | 8.88 | 5/15/21 | 1,961 |
See accompanying notes to financial statements.
128
HC CAPITAL TRUST
The Fixed Income Opportunity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Principal Amount (000) | Rate % | Maturity Date | Value (000) | |||||||||||||
Corporate Bonds (continued) | ||||||||||||||||
$1,505 | Harland Clarke Holdings Corp. (IT Services) Callable 8/1/15 @ 104.88 (a) | 9.75 | 8/1/18 | $ | 1,464 | |||||||||||
345 | HCA Holdings, Inc. (Health Care Providers & Services) | 6.25 | 2/15/21 | 354 | ||||||||||||
1,000 | HCA Holdings, Inc. (Health Care Providers & Services) Callable 11/15/15 @ 103.88 | 7.75 | 5/15/21 | 1,085 | ||||||||||||
2,350 | HCA, Inc. (Health Care Providers & Services) | 4.75 | 5/1/23 | 2,391 | ||||||||||||
2,120 | HCA, Inc. (Health Care Providers & Services) | 5.88 | 3/15/22 | 2,305 | ||||||||||||
1,155 | HCA, Inc. (Health Care Providers & Services) | 6.50 | 2/15/20 | 1,299 | ||||||||||||
895 | HCA, Inc. (Health Care Providers & Services) | 7.50 | 2/15/22 | 1,025 | ||||||||||||
748 | HCA, Inc. (Health Care Providers & Services) Callable 2/15/13 @ 104.94 | 9.88 | 2/15/17 | 790 | ||||||||||||
1,750 | Health Management Associates, Inc. (Health Care Providers & Services) Callable 1/15/16 @ 103.69 | 7.38 | 1/15/20 | 1,890 | ||||||||||||
660 | Heckmann Corp. (Beverages) Callable 4/15/15 @ 104.94 (a) | 9.88 | 4/15/18 | 677 | ||||||||||||
1,385 | Heckmann Corp. (Beverages) Callable 4/15/15 @ 104.94 | 9.88 | 4/15/18 | 1,430 | ||||||||||||
910 | Hercules Offshore, Inc. (Energy Equipment & Services) Callable 4/1/14 @ 105.34 (a) | 7.13 | 4/1/17 | 953 | ||||||||||||
415 | Hertz Corp. (Road & Rail) Callable 10/15/14 @ 103.75 | 7.50 | 10/15/18 | 459 | ||||||||||||
575 | Hiland Partners LP (Energy Equipment & Services) Callable 10/1/16 @ 103.63 (a) | 7.25 | 10/1/20 | 615 | ||||||||||||
2,300 | Hilcorp Energy Co. (Oil, Gas & Consumable Fuels) Callable 2/15/15 @ 104.00 (a) | 8.00 | 2/15/20 | 2,518 | ||||||||||||
1,000 | Holly Energy Partners LP (Oil, Gas & Consumable Fuels) Callable 3/15/14 @ 104.13 | 8.25 | 3/15/18 | 1,087 | ||||||||||||
265 | Host Hotels & Resorts LP (Hotels, Restaurants & Leisure) Callable 5/15/13 @ 104.50 | 9.00 | 5/15/17 | 284 | ||||||||||||
700 | Hughes Satellite Systems Corp. (Media) | 6.50 | 6/15/19 | 772 | ||||||||||||
175 | Hughes Satellite Systems Corp. (Media) | 7.63 | 6/15/21 | 199 | ||||||||||||
185 | Huntington Ingalls Industries, Inc. (Aerospace & Defense) Callable 3/15/15 @ 103.44 | 6.88 | 3/15/18 | 201 | ||||||||||||
150 | Huntsman International LLC (Chemicals) Callable 2/8/13 @ 100.00 | 5.50 | 6/30/16 | 150 | ||||||||||||
280 | Huntsman International LLC (Chemicals) Callable 3/15/15 @ 104.31 | 8.63 | 3/15/20 | 317 | ||||||||||||
170 | Huntsman International LLC (Chemicals) Callable 9/15/15 @ 104.31 | 8.63 | 3/15/21 | 194 | ||||||||||||
1,061 | IAC/InterActiveCorp (Internet Software & Services) Callable 12/15/17 @ 102.38 (a) | 4.75 | 12/15/22 | 1,056 | ||||||||||||
385 | Icahn Enterprises LP/Icahn Enterprises Finance Corp. (Auto Components) Callable 1/15/13 @ 103.88 | 7.75 | 1/15/16 | 399 | ||||||||||||
2,050 | Icahn Enterprises LP/Icahn Enterprises Finance Corp. (Auto Components) Callable 1/15/14 @ 104.00 | 8.00 | 1/15/18 | 2,201 | ||||||||||||
2,550 | ILFC E-Capital Trust I (Diversified Financial Services) Callable 2/8/13 @ 100.00 (a)(b) | 4.52 | 12/21/65 | 1,935 | ||||||||||||
500 | ILFC E-Capital Trust ll (Diversified Financial Services) (a)(b) | 6.25 | 12/21/65 | 428 | ||||||||||||
1,140 | INC Research LLC (Health Care Providers & Services) Callable 7/15/15 @ 105.75 (a) | 11.50 | 7/15/19 | 1,180 | ||||||||||||
1,995 | Integra Telecom, Inc. (Diversified Telecommunication Services) Callable 4/15/13 @ 105.38 (a) | 10.75 | 4/15/16 | 2,085 | ||||||||||||
2,160 | International Lease Finance Corp. (Diversified Financial Services) | 5.88 | 4/1/19 | 2,277 | ||||||||||||
2,577 | International Lease Finance Corp. (Diversified Financial Services) | 5.88 | 8/15/22 | 2,730 | ||||||||||||
55 | International Lease Finance Corp. (Diversified Financial Services) | 6.25 | 5/15/19 | 59 | ||||||||||||
430 | International Lease Finance Corp., Series R, MTN (Diversified Financial Services) | 6.63 | 11/15/13 | 446 | ||||||||||||
980 | Iron Mountain, Inc. (Commercial Services & Supplies) Callable 10/1/15 @ 103.88 | 7.75 | 10/1/19 | 1,105 | ||||||||||||
500 | Iron Mountain, Inc. (Commercial Services & Supplies) Callable 6/15/13 @ 104.00 | 8.00 | 6/15/20 | 529 | ||||||||||||
307 | iStar Financial, Inc. (Real Estate Investment Trusts) (a)(b) | 5.25 | 3/19/16 | 309 | ||||||||||||
1,100 | J.B. Poindexter & Co., Inc. (Machinery) Callable 4/1/17 @ 104.50 (a) | 9.00 | 4/1/22 | 1,137 | ||||||||||||
1,410 | j2 Global Communications, Inc. (IT Services) Callable 8/1/16 @ 104.00 | 8.00 | 8/1/20 | 1,466 | ||||||||||||
490 | Jabil Circuit, Inc. (Electronic Equipment, Instruments & Components) | 8.25 | 3/15/18 | 595 | ||||||||||||
1,650 | Jarden Corp. (Household Durables) Callable 1/15/15 @ 103.75 | 7.50 | 1/15/20 | 1,811 | ||||||||||||
2,500 | JBS USA LLC/JBS USA Finance, Inc. (Food Products) Callable 6/1/15 @ 105.44 (a) | 7.25 | 6/1/21 | 2,506 | ||||||||||||
400 | JC Penney Corp., Inc. (Multiline Retail) | 5.65 | 6/1/20 | 347 | ||||||||||||
365 | JC Penney Corp., Inc. (Multiline Retail) | 5.75 | 2/15/18 | 321 | ||||||||||||
715 | JC Penney Corp., Inc. (Multiline Retail) | 6.38 | 10/15/36 | 536 | ||||||||||||
1,630 | JMC Steel Group, Inc. (Metals & Mining) Callable 3/15/14 @ 106.19 (a) | 8.25 | 3/15/18 | 1,703 | ||||||||||||
440 | KB Home (Household Durables) | 7.50 | 9/15/22 | 480 | ||||||||||||
565 | KB Home (Household Durables) | 9.10 | 9/15/17 | 657 | ||||||||||||
1,510 | KEMET Corp. (Electronic Equipment, Instruments & Components) Callable 5/1/14 @ 105.25 | 10.50 | 5/1/18 | 1,489 |
See accompanying notes to financial statements.
129
HC CAPITAL TRUST
The Fixed Income Opportunity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Principal Amount (000) | Rate % | Maturity Date | Value (000) | |||||||||||||
Corporate Bonds (continued) | ||||||||||||||||
$2,665 | Kindred Healthcare, Inc. (Health Care Providers & Services) Callable 6/1/14 @ 106.19 | 8.25 | 6/1/19 | $ | 2,592 | |||||||||||
2,080 | Kinetic Concepts, Inc./KCI USA (Health Care Equipment & Supplies) Callable 11/1/15 @ 105.25 (a) | 10.50 | 11/1/18 | 2,181 | ||||||||||||
1,000 | Koppers, Inc. (Chemicals) Callable 12/1/14 @ 103.94 | 7.88 | 12/1/19 | 1,100 | ||||||||||||
500 | Lamar Media Corp. (Media) Callable 2/1/17 @ 102.94 | 5.88 | 2/1/22 | 543 | ||||||||||||
1,000 | Lamar Media Corp. (Media) Callable 4/15/14 @ 103.94 | 7.88 | 4/15/18 | 1,105 | ||||||||||||
1,305 | Lender Process Services, Inc. (IT Services) Callable 10/1/17 @ 102.88 | 5.75 | 4/15/23 | 1,354 | ||||||||||||
1,145 | Level 3 Communications, Inc. (Diversified Telecommunication Services) (a)(b) | 5.25 | 8/1/19 | 1,155 | ||||||||||||
1,200 | Level 3 Financing, Inc. (Diversified Telecommunication Services) Callable 2/8/13 @ 100.00 (b) | 4.51 | 2/15/15 | 1,199 | ||||||||||||
1,665 | Level 3 Financing, Inc. (Diversified Telecommunication Services) Callable 7/1/15 @ 104.06 | 8.13 | 7/1/19 | 1,815 | ||||||||||||
690 | Level 3 Financing, Inc. (Diversified Telecommunication Services) Callable 1/15/16 @ 104.31 | 8.63 | 7/15/20 | 766 | ||||||||||||
1,025 | Level 3 Financing, Inc. (Diversified Telecommunication Services) Callable 4/1/15 @ 104.69 | 9.38 | 4/1/19 | 1,145 | ||||||||||||
2,280 | Libbey Glass, Inc. (Household Durables) Callable 5/15/15 @ 105.16 | 6.88 | 5/15/20 | 2,451 | ||||||||||||
615 | Liberty Mutual Group, Inc. (Insurance) Callable 3/15/17 @ 100.00 (a)(b) | 7.00 | 3/15/37 | 611 | ||||||||||||
1,740 | Liberty Mutual Group, Inc. (Insurance) (a) | 7.80 | 3/15/37 | 1,936 | ||||||||||||
2,452 | Limited Brands, Inc. (Specialty Retail) | 5.63 | 2/15/22 | 2,667 | ||||||||||||
500 | Limited Brands, Inc. (Specialty Retail) | 6.63 | 4/1/21 | 573 | ||||||||||||
570 | Limited Brands, Inc. (Specialty Retail) | 7.00 | 5/1/20 | 656 | ||||||||||||
1,000 | Limited Brands, Inc. (Specialty Retail) | 7.60 | 7/15/37 | 1,047 | ||||||||||||
475 | LIN Television Corp. (Media) Callable 1/15/17 @ 103.19 (a) | 6.38 | 1/15/21 | 499 | ||||||||||||
2,855 | Linn Energy LLC/Linn Energy Finance Corp. (Oil, Gas & Consumable Fuels) Callable 5/15/15 @ 103.25 | 6.50 | 5/15/19 | 2,884 | ||||||||||||
3,588 | Linn Energy LLC/Linn Energy Finance Corp. (Oil, Gas & Consumable Fuels) Callable 4/15/15 @ 104.31 | 8.63 | 4/15/20 | 3,911 | ||||||||||||
620 | Live Nation Entertainment, Inc. (Media) Callable 9/1/16 @ 103.50 (a) | 7.00 | 9/1/20 | 647 | ||||||||||||
745 | Live Nation Entertainment, Inc. (Media) Callable 5/15/14 @ 104.06 (a) | 8.13 | 5/15/18 | 803 | ||||||||||||
1,955 | Longview Fibre Paper & Packaging, Inc. (Paper & Forest Products) Callable 6/1/13 @ 104.00 (a) | 8.00 | 6/1/16 | 2,053 | ||||||||||||
455 | Marina District Finance Co., Inc. (Hotels, Restaurants & Leisure) Callable 8/15/14 @ 104.94 | 9.88 | 8/15/18 | 437 | ||||||||||||
656 | MarkWest Energy Partners LP/MarkWest Energy Finance Corp. (Oil, Gas & Consumable Fuels) Callable 8/15/17 @ 102.75 | 5.50 | 2/15/23 | 712 | ||||||||||||
985 | Masco Corp. (Building Products) | 5.95 | 3/15/22 | 1,092 | ||||||||||||
1,325 | Mediacom Broadband LLC/Mediacom Broadband Corp. (Media) Callable 4/1/18 @ 103.19 (a) | 6.38 | 4/1/23 | 1,348 | ||||||||||||
220 | Mediacom LLC/Mediacom Capital Corp. (Media) Callable 8/15/14 @ 104.56 | 9.13 | 8/15/19 | 244 | ||||||||||||
1,735 | MedImpact Holdings, Inc. (Health Care Providers & Services) Callable 2/1/15 @ 105.25 (a) | 10.50 | 2/1/18 | 1,924 | ||||||||||||
563 | MEG Energy Corp. (Oil, Gas & Consumable Fuels) (a)(b) | 4.00 | 3/16/18 | 567 | ||||||||||||
1,575 | Meritage Homes Corp. (Household Durables) | 7.15 | 4/15/20 | 1,725 | ||||||||||||
1,000 | MetLife, Inc. (Insurance) Callable 8/1/34 @ 100.00 | 10.75 | 8/1/39 | 1,510 | ||||||||||||
500 | MetroPCS Wireless, Inc. (Wireless Telecommunication Services) Callable 9/1/14 @ 103.94 | 7.88 | 9/1/18 | 541 | ||||||||||||
385 | MGM Resorts International (Hotels, Restaurants & Leisure) | 6.63 | 7/15/15 | 413 | ||||||||||||
750 | MGM Resorts International (Hotels, Restaurants & Leisure) (a) | 6.75 | 10/1/20 | 766 | ||||||||||||
1,510 | Microsemi Corp. (Semiconductors & Semiconductor Equipment) (a)(b) | 4.00 | 2/2/18 | 1,520 | ||||||||||||
70 | Monitronics International, Inc. (Commercial Services & Supplies) Callable 4/1/16 @ 104.56 | 9.13 | 4/1/20 | 72 | ||||||||||||
1,400 | MPT Operating Partnership LP/MPT Finance Corp. (Real Estate Investment Trusts) Callable 2/15/17 @ 103.19 | 6.38 | 2/15/22 | 1,470 | ||||||||||||
1,965 | MPT Operating Partnership LP/MPT Finance Corp. (Real Estate Investment Trusts) Callable 5/1/16 @ 103.44 | 6.88 | 5/1/21 | 2,132 | ||||||||||||
850 | Nationstar Mortgage LLC/Nationstar Capital Corp. (Diversified Financial Services) Callable 10/1/16 @ 103.94 (a) | 7.88 | 10/1/20 | 897 | ||||||||||||
560 | Nationstar Mortgage LLC/Nationstar Capital Corp. (Diversified Financial Services) Callable 5/1/15 @ 107.22 (a) | 9.63 | 5/1/19 | 630 |
See accompanying notes to financial statements.
130
HC CAPITAL TRUST
The Fixed Income Opportunity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Principal Amount (000) | Rate % | Maturity Date | Value (000) | |||||||||||||
Corporate Bonds (continued) | ||||||||||||||||
$840 | Nationstar Mortgage LLC/Nationstar Capital Corp. (Diversified Financial Services) Callable 5/1/15 @ 107.22 (a) | 9.63 | 5/1/19 | $ | 941 | |||||||||||
1,031 | NBTY, Inc. (Pharmaceuticals) Callable 10/1/14 @ 104.50 | 9.00 | 10/1/18 | 1,165 | ||||||||||||
1,990 | NCR Corp. (Computers & Peripherals) Callable 2/15/17 @ 102.31 (a) | 4.63 | 2/15/21 | 1,990 | ||||||||||||
1,060 | NCR Corp. (Computers & Peripherals) Callable 7/15/17 @ 102.50 (a) | 5.00 | 7/15/22 | 1,077 | ||||||||||||
185 | Neuberger Berman Group LLC/Neuberger Berman Finance Corp. (Capital Markets) Callable 3/15/17 @ 102.94 (a) | 5.88 | 3/15/22 | 196 | ||||||||||||
1,500 | Newfield Exploration Co. (Oil, Gas & Consumable Fuels) Callable 2/1/15 @ 103.44 | 6.88 | 2/1/20 | 1,605 | ||||||||||||
295 | Nexstar Broadcasting, Inc./Mission Broadcasting, Inc. (Media) Callable 4/15/14 @ 104.44 | 8.88 | 4/15/17 | 324 | ||||||||||||
712 | Nielsen Finance LLC/Nielsen Finance Co. (Software) Callable 10/1/16 @ 102.25 (a) | 4.50 | 10/1/20 | 708 | ||||||||||||
909 | NII Capital Corp. (Wireless Telecommunication Services) Callable 4/1/16 @ 103.81 | 7.63 | 4/1/21 | 689 | ||||||||||||
803 | NII Capital Corp. (Wireless Telecommunication Services) Callable 12/15/14 @ 104.44 | 8.88 | 12/15/19 | 638 | ||||||||||||
1,480 | Niska Gas Storage US LLC/Niska Gas Storage Canada ULC (Oil, Gas & Consumable Fuels) Callable 3/15/14 @ 104.44 | 8.88 | 3/15/18 | 1,521 | ||||||||||||
1,915 | NRG Energy, Inc. (Independent Power Producers & Energy Traders) (a)(b) | 4.00 | 6/29/18 | 1,934 | ||||||||||||
1,265 | NRG Energy, Inc. (Independent Power Producers & Energy Traders) Callable 5/15/16 @ 103.94 | 7.88 | 5/15/21 | 1,404 | ||||||||||||
2,305 | NRG Energy, Inc. (Independent Power Producers & Energy Traders) Callable 9/1/15 @ 104.13 | 8.25 | 9/1/20 | 2,582 | ||||||||||||
955 | NRG Energy, Inc. (Independent Power Producers & Energy Traders) Callable 6/15/14 @ 104.25 | 8.50 | 6/15/19 | 1,050 | ||||||||||||
2,556 | Nuance Communications, Inc. (Software) Callable 8/15/16 @ 102.69 (a) | 5.38 | 8/15/20 | 2,671 | ||||||||||||
860 | Oasis Petroleum, Inc. (Oil, Gas & Consumable Fuels) Callable 7/15/17 @ 103.44 | 6.88 | 1/15/23 | 922 | ||||||||||||
1,105 | Oil States International, Inc. (Energy Equipment & Services) Callable 1/15/18 @ 102.56 (a) | 5.13 | 1/15/23 | 1,120 | ||||||||||||
1,695 | Oil States International, Inc. (Energy Equipment & Services) Callable 6/1/14 @ 104.88 | 6.50 | 6/1/19 | 1,805 | ||||||||||||
1,000 | Omega Healthcare Investors, Inc. (Real Estate Investment Trusts) Callable 10/15/15 @ 103.38 | 6.75 | 10/15/22 | 1,087 | ||||||||||||
1,000 | Omega Healthcare Investors, Inc. (Real Estate Investment Trusts) Callable 2/15/15 @ 103.75 | 7.50 | 2/15/20 | 1,097 | ||||||||||||
2,089 | Omnicare, Inc. (Health Care Providers & Services) Callable 6/1/15 @ 103.88 | 7.75 | 6/1/20 | 2,319 | ||||||||||||
2,360 | Onex USI Acquisition Corp. (Insurance) Callable 1/15/16 @ 103.88 (a) | 7.75 | 1/15/21 | 2,325 | ||||||||||||
60 | Paetec Holding Corp. (Diversified Telecommunication Services) Callable 6/30/13 @ 104.44 | 8.88 | 6/30/17 | 64 | ||||||||||||
890 | Party City Holdings, Inc. (Multiline Retail) Callable 8/1/15 @ 106.66 (a) | 8.88 | 8/1/20 | 955 | ||||||||||||
1,000 | Peabody Energy Corp. (Oil, Gas & Consumable Fuels) | 6.00 | 11/15/18 | 1,062 | ||||||||||||
2,390 | Peabody Energy Corp. (Oil, Gas & Consumable Fuels) | 6.25 | 11/15/21 | 2,539 | ||||||||||||
1,352 | Penske Automotive Group, Inc. (Specialty Retail) Callable 10/1/17 @ 102.88 (a) | 5.75 | 10/1/22 | 1,393 | ||||||||||||
2,110 | PHH Corp. (Diversified Financial Services) | 7.38 | 9/1/19 | 2,342 | ||||||||||||
215 | Phillips-Van Heusen Corp. (Textiles, Apparel & Luxury Goods) Callable 5/15/15 @ 103.69 | 7.38 | 5/15/20 | 241 | ||||||||||||
575 | Physio-Control International, Inc. (Health Care Equipment & Supplies) Callable 1/15/15 @ 107.41 (a) | 9.88 | 1/15/19 | 631 | ||||||||||||
375 | Pinnacle Entertainment, Inc. (Hotels, Restaurants & Leisure) Callable 4/1/17 @ 103.88 | 7.75 | 4/1/22 | 399 | ||||||||||||
580 | Pinnacle Entertainment, Inc. (Hotels, Restaurants & Leisure) Callable 5/15/15 @ 104.38 | 8.75 | 5/15/20 | 626 | ||||||||||||
730 | Pioneer Drilling Co. (Energy Equipment & Services) Callable 3/15/14 @ 104.94 | 9.88 | 3/15/18 | 794 | ||||||||||||
1,250 | Plains Exploration & Production Co. (Oil, Gas & Consumable Fuels) Callable 6/15/16 @ 103.06 | 6.13 | 6/15/19 | 1,362 | ||||||||||||
1,625 | Plains Exploration & Production Co. (Oil, Gas & Consumable Fuels) Callable 5/1/16 @ 103.31 | 6.63 | 5/1/21 | 1,790 | ||||||||||||
4,419 | Plains Exploration & Production Co. (Oil, Gas & Consumable Fuels) Callable 2/15/18 @ 103.44 | 6.88 | 2/15/23 | 5,049 | ||||||||||||
330 | Plains Exploration & Production Co. (Oil, Gas & Consumable Fuels) Callable 6/1/13 @ 103.81 | 7.63 | 6/1/18 | 347 | ||||||||||||
385 | Plains Exploration & Production Co. (Oil, Gas & Consumable Fuels) Callable 10/15/14 @ 104.81 | 8.63 | 10/15/19 | 438 | ||||||||||||
355 | Plastipak Holdings, Inc. (Containers & Packaging) Callable 8/15/14 @ 105.31 (a) | 10.63 | 8/15/19 | 406 | ||||||||||||
865 | Polymer Group, Inc. (Construction Materials) Callable 2/1/15 @ 103.88 | 7.75 | 2/1/19 | 928 | ||||||||||||
2,100 | PolyOne Corp. (Chemicals) Callable 9/15/15 @ 103.69 | 7.38 | 9/15/20 | 2,294 |
See accompanying notes to financial statements.
131
HC CAPITAL TRUST
The Fixed Income Opportunity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Principal Amount (000) | Rate % | Maturity Date | Value (000) | |||||||||||||
Corporate Bonds (continued) | ||||||||||||||||
$2,870 | Post Holdings, Inc. (Food Products) Callable 2/15/17 @ 103.69 (a) | 7.38 | 2/15/22 | $ | 3,144 | |||||||||||
1,935 | Prospect Medical Holdings, Inc. (Commercial Services & Supplies) Callable 5/1/15 @ 106.28 (a) | 8.38 | 5/1/19 | 2,037 | ||||||||||||
440 | Provident Funding Associates LP (Diversified Financial Services) Callable 4/15/14 @ 105.13 (a) | 10.25 | 4/15/17 | 485 | ||||||||||||
480 | Provident Funding Associates LP/PFG Finance Corp. (Diversified Financial Services) Callable 2/15/15 @ 105.06 (a) | 10.13 | 2/15/19 | 506 | ||||||||||||
480 | PVH Corp. (Specialty Retail) Callable 12/15/17 @ 102.25 | 4.50 | 12/15/22 | 485 | ||||||||||||
1,730 | Quapaw Downstream Development Authority (Hotels, Restaurants & Leisure) Callable 7/1/15 @ 105.25 (a) | 10.50 | 7/1/19 | 1,868 | ||||||||||||
1,230 | QVC, Inc. (Internet & Catalog Retail) Callable 10/1/14 @ 103.75 (a) | 7.50 | 10/1/19 | 1,357 | ||||||||||||
2,540 | Qwest Capital Funding, Inc. (Diversified Telecommunication Services) | 6.88 | 7/15/28 | 2,589 | ||||||||||||
805 | Qwest Capital Funding, Inc. (Diversified Telecommunication Services) | 7.75 | 2/15/31 | 843 | ||||||||||||
475 | Qwest Corp. (Diversified Telecommunication Services) Callable 10/15/15 @ 101.94 | 7.25 | 10/15/35 | 502 | ||||||||||||
745 | RBS Capital Trust II, (Commercial Banks) Callable 1/3/34 @ 100.00, Perpetual Bond (d) | 6.43 | — | 648 | ||||||||||||
500 | R.R. Donnelley & Sons Co. (Commercial Services & Supplies) | 8.25 | 3/15/19 | 505 | ||||||||||||
895 | Range Resources Corp. (Oil, Gas & Consumable Fuels) Callable 2/15/17 @ 102.50 | 5.00 | 8/15/22 | 935 | ||||||||||||
935 | Reckson Operating Partnership LP (Real Estate Investment Trusts) | 7.75 | 3/15/20 | 1,163 | ||||||||||||
1,100 | Regency Energy Partners LP (Oil, Gas & Consumable Fuels) Callable 7/15/16 @ 103.25 | 6.50 | 7/15/21 | 1,204 | ||||||||||||
750 | Regions Bank (Commercial Banks) | 6.45 | 6/26/37 | 791 | ||||||||||||
400 | Regions Bank (Commercial Banks) | 7.50 | 5/15/18 | 483 | ||||||||||||
1,170 | Regions Financial Corp. (Commercial Banks) | 5.75 | 6/15/15 | 1,265 | ||||||||||||
184 | Res-Care, Inc. (Health Care Providers & Services) Callable 1/15/15 @ 105.38 | 10.75 | 1/15/19 | 204 | ||||||||||||
1,130 | Revlon Consumer Products Corp. (Personal Products) Callable 2/8/13 @ 104.88 | 9.75 | 11/15/15 | 1,189 | ||||||||||||
1,700 | Reynolds Group Issuer, Inc./Reynolds Group Issuer LLC (Household Products) Callable 8/15/15 @ 103.94 | 7.88 | 8/15/19 | 1,891 | ||||||||||||
535 | Rite Aid Corp. (Food & Staples Retailing) Callable 2/8/13 @ 103.75 | 7.50 | 3/1/17 | 550 | ||||||||||||
870 | Rouse Co. (Oil, Gas & Consumable Fuels) Callable 5/9/13 @ 103.38 | 6.75 | 11/9/15 | 912 | ||||||||||||
3,265 | Sabine Pass LNG LP (Oil, Gas & Consumable Fuels) Callable 11/1/16 @ 103.25 (a) | 6.50 | 11/1/20 | 3,322 | ||||||||||||
1,210 | Sabine Pass LNG LP (Oil, Gas & Consumable Fuels) | 7.50 | 11/30/16 | 1,334 | ||||||||||||
1,000 | Sabre, Inc. (Leisure Equipment & Products) Callable 5/15/15 @ 106.38 (a) | 8.50 | 5/15/19 | 1,065 | ||||||||||||
1,765 | SandRidge Energy, Inc. (Oil, Gas & Consumable Fuels) Callable 3/15/16 @ 103.75 | 7.50 | 3/15/21 | 1,889 | ||||||||||||
3,600 | SandRidge Energy, Inc. (Oil, Gas & Consumable Fuels) Callable 6/1/13 @ 104.00 (a) | 8.00 | 6/1/18 | 3,816 | ||||||||||||
345 | SandRidge Energy, Inc. (Oil, Gas & Consumable Fuels) Callable 1/15/15 @ 104.38 | 8.75 | 1/15/20 | 378 | ||||||||||||
2,210 | SBA Telecommunications Corp. (Communications Equipment) Callable 7/15/16 @ 102.88 (a) | 5.75 | 7/15/20 | 2,348 | ||||||||||||
1,230 | Scientific Games International, Inc. (Hotels, Restaurants & Leisure) Callable 9/1/15 @ 104.69 (a) | 6.25 | 9/1/20 | 1,270 | ||||||||||||
460 | Sealed Air Corp. (Containers & Packaging) Callable 9/1/20 @ 100.00 (a) | 6.50 | 12/1/20 | 497 | ||||||||||||
755 | Sealed Air Corp. (Containers & Packaging) Callable 9/15/15 @ 104.06 (a) | 8.13 | 9/15/19 | 849 | ||||||||||||
1,020 | Sealed Air Corp. (Containers & Packaging) Callable 9/15/16 @ 104.19 (a) | 8.38 | 9/15/21 | 1,165 | ||||||||||||
2,560 | Sears Holdings Corp. (Multiline Retail) | 6.63 | 10/15/18 | 2,330 | ||||||||||||
1,560 | Serta Simmons Holdings LLC (Thrifts & Mortgage Finance) Callable 10/1/15 @ 106.09 (a) | 8.13 | 10/1/20 | 1,572 | ||||||||||||
4,290 | ServiceMaster Co. (Diversified Consumer Services) Callable 2/15/15 @ 106.00 | 8.00 | 2/15/20 | 4,472 | ||||||||||||
645 | Sinclair Television Group, Inc. (Media) Callable 10/1/17 @ 103.06 (a) | 6.13 | 10/1/22 | 685 | ||||||||||||
545 | Sinclair Television Group, Inc. (Media) Callable 11/1/13 @ 104.63 (a) | 9.25 | 11/1/17 | 600 | ||||||||||||
1,055 | Sirius XM Radio, Inc. (Media) Callable 8/15/17 @ 102.63 (a) | 5.25 | 8/15/22 | 1,066 | ||||||||||||
2,533 | Smithfield Foods, Inc. (Food Products) Callable 8/15/17 @ 103.31 | 6.63 | 8/15/22 | 2,799 | ||||||||||||
320 | Spectrum Brands Corp. (Household Products) Callable 11/15/17 @ 103.31 (a) | 6.63 | 11/15/22 | 343 | ||||||||||||
555 | Speedway Motorsports, Inc. (Hotels, Restaurants & Leisure) Callable 6/1/13 @ 104.38 | 8.75 | 6/1/16 | 593 | ||||||||||||
805 | Speedy Cash, Inc. (IT Services) Callable 5/15/15 @ 105.38 (a) | 10.75 | 5/15/18 | 857 | ||||||||||||
3,695 | Sprint Capital Corp. (Wireless Telecommunication Services) | 6.88 | 11/15/28 | 3,843 | ||||||||||||
3,280 | Sprint Capital Corp. (Wireless Telecommunication Services) | 6.90 | 5/1/19 | 3,575 | ||||||||||||
1,830 | Sprint Capital Corp. (Wireless Telecommunication Services) | 8.75 | 3/15/32 | 2,237 | ||||||||||||
744 | Sprint Nextel Corp. (Wireless Telecommunication Services) | 6.00 | 11/15/22 | 764 |
See accompanying notes to financial statements.
132
HC CAPITAL TRUST
The Fixed Income Opportunity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Principal Amount (000) | Rate % | Maturity Date | Value (000) | |||||||||||||
Corporate Bonds (continued) | ||||||||||||||||
$175 | Sprint Nextel Corp. (Wireless Telecommunication Services) (a) | 7.00 | 3/1/20 | $ | 203 | |||||||||||
1,410 | Sprint Nextel Corp. (Wireless Telecommunication Services) | 7.00 | 8/15/20 | 1,540 | ||||||||||||
1,100 | Sprint Nextel Corp. (Wireless Telecommunication Services) | 8.38 | 8/15/17 | 1,279 | ||||||||||||
735 | Sprint Nextel Corp. (Wireless Telecommunication Services) | 11.50 | 11/15/21 | 1,000 | ||||||||||||
900 | SquareTwo Financial Corp. (Thrifts & Mortgage Finance) Callable 4/1/14 @ 105.80 | 11.63 | 4/1/17 | 853 | ||||||||||||
925 | Standard Pacific Corp. (Household Durables) | 8.38 | 5/15/18 | 1,073 | ||||||||||||
821 | Starz LLC/Starz Finance Corp. (Software) Callable 9/15/15 @ 102.50 (a) | 5.00 | 9/15/19 | 842 | ||||||||||||
710 | Stater Brothers Holdings (Food & Staples Retailing) Callable 2/8/13 @ 101.94 | 7.75 | 4/15/15 | 724 | ||||||||||||
2,000 | Stewart Enterprises, Inc. (Diversified Consumer Services) Callable 4/15/14 @ 104.88 | 6.50 | 4/15/19 | 2,140 | ||||||||||||
1,135 | StoneMor Partners LP/Cornerstone/OSIR (IT Services) Callable 12/1/13 @ 105.13 | 10.25 | 12/1/17 | 1,169 | ||||||||||||
485 | SunGard Data Systems, Inc. (IT Services) Callable 11/15/15 @ 103.81 | 7.63 | 11/15/20 | 530 | ||||||||||||
1,600 | Targa Resources Partners LP (Oil, Gas & Consumable Fuels) Callable 2/1/17 @ 103.19 (a) | 6.38 | 8/1/22 | 1,744 | ||||||||||||
1,070 | Tenet Healthcare Corp. (Health Care Providers & Services) | 6.25 | 11/1/18 | 1,174 | ||||||||||||
455 | Tenet Healthcare Corp. (Health Care Providers & Services) Callable 7/1/14 @ 104.44 | 8.88 | 7/1/19 | 510 | ||||||||||||
2,125 | Tenneco, Inc. (Auto Components) Callable 8/15/14 @ 103.88 | 7.75 | 8/15/18 | 2,306 | ||||||||||||
265 | Tennessee Gas Pipeline Co. (Oil, Gas & Consumable Fuels) | 8.00 | 2/1/16 | 315 | ||||||||||||
2,350 | Tesoro Logistics LP/Tesoro Corp. (Oil, Gas & Consumable Fuels) Callable 10/1/16 @ 102.94 (a) | 5.88 | 10/1/20 | 2,441 | ||||||||||||
1,250 | The AES Corp. (Independent Power Producers & Energy Traders) Callable 6/1/21 @ 100.00 | 7.38 | 7/1/21 | 1,387 | ||||||||||||
95 | The AES Corp. (Independent Power Producers & Energy Traders) | 7.75 | 10/15/15 | 107 | ||||||||||||
250 | The AES Corp. (Independent Power Producers & Energy Traders) | 8.00 | 6/1/20 | 288 | ||||||||||||
1,610 | The AES Corp. (Independent Power Producers & Energy Traders) | 9.75 | 4/15/16 | 1,924 | ||||||||||||
2,000 | The Goodyear Tier & Rubber Co. (Auto Components) | 8.75 | 8/15/20 | 2,305 | ||||||||||||
825 | The Manitowoc Co., Inc. (Machinery) Callable 11/1/15 @ 104.25 | 8.50 | 11/1/20 | 926 | ||||||||||||
800 | The Manitowoc Co., Inc. (Machinery) Callable 2/15/14 @ 104.75 | 9.50 | 2/15/18 | 890 | ||||||||||||
361 | Tomkins LLC/Tomkins, Inc. (Machinery) Callable 10/1/14 @ 104.50 | 9.00 | 10/1/18 | 404 | ||||||||||||
679 | Tower Automotive Holdings USA LLC/TA Holdings Finance, Inc. (Auto Components) Callable 9/1/14 @ 105.31 (a) | 10.63 | 9/1/17 | 744 | ||||||||||||
660 | Toys“R”Us Property Co. I LLC (Real Estate Investment Trusts) Callable 7/15/13 @ 105.38 | 10.75 | 7/15/17 | 711 | ||||||||||||
475 | Toys“R”Us, Inc. (Speciality Retail) | 7.38 | 10/15/18 | 432 | ||||||||||||
125 | Toys“R”Us, Inc. (Specialty Retail) Callable 2/15/15 @ 105.19 | 10.38 | 8/15/17 | 130 | ||||||||||||
2,000 | TransDigm Group, Inc. (Aerospace & Defense) Callable 12/15/14 @ 103.88 | 7.75 | 12/15/18 | 2,212 | ||||||||||||
5,230 | Trilogy International Partners LLC (Wireless Telecommunication Services) Callable 8/15/13 @ 105.13 (a) | 10.25 | 8/15/16 | 4,602 | ||||||||||||
430 | Trinseo Materials Operating SCA (Fka Styron SA) (a)(b) | 8.00 | 8/2/17 | 418 | ||||||||||||
490 | Triumph Group, Inc. (Aerospace & Defense) Callable 11/15/13 @ 104.00 | 8.00 | 11/15/17 | 529 | ||||||||||||
855 | Tutor Perini Corp. (Construction & Engineering) Callable 11/1/14 @ 103.81 | 7.63 | 11/1/18 | 883 | ||||||||||||
765 | TW Telecom Holdings, Inc. (Diversified Telecommunication Services) Callable 10/1/17 @ 102.69 (a) | 5.38 | 10/1/22 | 801 | ||||||||||||
500 | TW Telecom Holdings, Inc. (Diversified Telecommunication Services) Callable 3/1/14 @ 104.00 | 8.00 | 3/1/18 | 548 | ||||||||||||
1,860 | United Refining Co. (Oil, Gas & Consumable Fuels) Callable 2/28/15 @ 105.25 | 10.50 | 2/28/18 | 2,018 | ||||||||||||
668 | Universal Hospital Services, Inc. (Health Care Equipment & Supplies) Callable 8/15/15 @ 105.72 (a) | 7.63 | 8/15/20 | 704 | ||||||||||||
3,905 | Univision Communications, Inc. (Media) Callable 9/15/17 @ 103.38 (a) | 6.75 | 9/15/22 | 4,032 | ||||||||||||
305 | Univision Communications, Inc. (Media) Callable 11/1/15 @ 103.94 (a) | 7.88 | 11/1/20 | 330 | ||||||||||||
1,215 | UR Financing Escrow Corp. (IT Services) Callable 7/15/15 @ 102.88 (a) | 5.75 | 7/15/18 | 1,309 | ||||||||||||
1,515 | UR Financing Escrow Corp. (IT Services) Callable 5/15/16 @ 103.69 (a) | 7.38 | 5/15/20 | 1,663 | ||||||||||||
1,890 | UR Financing Escrow Corp. (IT Services) Callable 4/15/17 @ 103.81 (a) | 7.63 | 4/15/22 | 2,112 | ||||||||||||
1,289 | USG Corp. (Building Products) Callable 10/15/14 @ 104.19 (a) | 8.38 | 10/15/18 | 1,431 | ||||||||||||
335 | USG Corp. (Building Products) (a) | 9.75 | 8/1/14 | 372 | ||||||||||||
930 | USG Corp. (Building Products) | 9.75 | 1/15/18 | 1,053 | ||||||||||||
1,255 | Valassis Communications, Inc. (Media) Callable 2/1/16 @ 103.31 | 6.63 | 2/1/21 | 1,330 | ||||||||||||
1,785 | Valeant Pharmaceuticals International, Inc. (Pharmaceuticals) Callable 7/15/13 @ 103.25 (a) | 6.50 | 7/15/16 | 1,876 |
See accompanying notes to financial statements.
133
HC CAPITAL TRUST
The Fixed Income Opportunity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Principal Amount (000) | Rate % | Maturity Date | Value (000) | |||||||||||||
Corporate Bonds (continued) | ||||||||||||||||
$1,365 | ViaSat, Inc. (Communications Equipment) Callable 6/15/16 @ 103.44 | 6.88 | 6/15/20 | $ | 1,426 | |||||||||||
1,413 | ViaSat, Inc. (Communications Equipment) Callable 6/15/16 @ 103.44 (a) | 6.88 | 6/15/20 | 1,477 | ||||||||||||
2,475 | Visteon Corp. (Auto Components) Callable 4/15/14 @ 105.06 | 6.75 | 4/15/19 | 2,636 | ||||||||||||
1,800 | Vulcan Materials Co. (Construction Materials) | 7.50 | 6/15/21 | 2,052 | ||||||||||||
1,265 | Walter Energy Corp. (Metals & Mining) (a)(b) | 5.75 | 3/4/18 | 1,270 | ||||||||||||
2,075 | WaveDivision Escrow LLC/WaveDivision Escrow Corp. (Industrial Conglomerates) Callable 9/1/16 @ 104.06 (a) | 8.13 | 9/1/20 | 2,148 | ||||||||||||
2,480 | West Corp. (Diversified Telecommunication Services) Callable 11/15/14 @ 103.94 | 7.88 | 1/15/19 | 2,567 | ||||||||||||
662 | West Corp. (Diversified Telecommunication Services) Callable 10/1/14 @ 104.31 | 8.63 | 10/1/18 | 693 | ||||||||||||
1,035 | Western Refining, Inc. (Oil, Gas & Consumable Fuels) Callable 6/15/13 @ 105.62 (a) | 11.25 | 6/15/17 | 1,132 | ||||||||||||
120 | Windstream Corp. (Diversified Telecommunication Services) Callable 2/8/13 @ 103.50 | 7.00 | 3/15/19 | 123 | ||||||||||||
1,355 | Windstream Corp. (Diversified Telecommunication Services) Callable 6/1/17 @ 103.75 | 7.50 | 6/1/22 | 1,436 | ||||||||||||
815 | Windstream Corp. (Diversified Telecommunication Services) Callable 4/1/16 @ 103.75 | 7.50 | 4/1/23 | 858 | ||||||||||||
600 | Windstream Corp. (Diversified Telecommunication Services) Callable 10/15/15 @ 103.88 | 7.75 | 10/15/20 | 648 | ||||||||||||
250 | Windstream Corp. (Diversified Telecommunication Services) | 7.88 | 11/1/17 | 281 | ||||||||||||
760 | Wolverine World Wide, Inc. (Textiles, Apparel & Luxury Goods) Callable 10/15/16 @ 103.06 (a) | 6.13 | 10/15/20 | 798 | ||||||||||||
1,240 | WPX Energy, Inc. (Oil, Gas & Consumable Fuels) Callable 10/15/21 @ 100.00 | 6.00 | 1/15/22 | 1,336 | ||||||||||||
525 | XM Satellite Radio, Inc. (Media) Callable 11/1/14 @ 103.81 (a) | 7.63 | 11/1/18 | 585 | ||||||||||||
960 | Zayo Group LLC/Zayo Capital, Inc. (Communications Equipment) Callable 7/1/15 @ 104.06 | 8.13 | 1/1/20 | 1,068 | ||||||||||||
Total Corporate Bonds | 530,210 | |||||||||||||||
Yankee Dollars — 14.05% | ||||||||||||||||
1,415 | Aguila 3 SA (Transportation Infrastructure) Callable 1/31/14 @ 105.91 (a) | 7.88 | 1/31/18 | 1,500 | ||||||||||||
2,035 | Air Canada, Inc. (Airlines) Callable 2/8/13 @ 106.94 (a) | 9.25 | 8/1/15 | 2,126 | ||||||||||||
292 | Aircastle Ltd. (Trading Companies & Distributors) (a) | 6.25 | 12/1/19 | 304 | ||||||||||||
1,705 | Aircastle Ltd. (Trading Companies & Distributors) | 6.75 | 4/15/17 | 1,824 | ||||||||||||
1,730 | Aircastle Ltd. (Trading Companies & Distributors) | 7.63 | 4/15/20 | 1,933 | ||||||||||||
705 | Aircastle Ltd. (Trading Companies & Distributors) Callable 8/1/14 @ 104.88 | 9.75 | 8/1/18 | 797 | ||||||||||||
448 | Albea Beauty Holdings SA (Personal Products) Callable 11/1/15 @ 106.28 (a) | 8.38 | 11/1/19 | 473 | ||||||||||||
425 | Aperam SA (Metals & Mining) Callable 10/1/13 @ 103.69 (a) | 7.38 | 4/1/16 | 396 | ||||||||||||
600 | Aperam SA (Metals & Mining) Callable 4/1/15 @ 103.88 (a) | 7.75 | 4/1/18 | 528 | ||||||||||||
725 | ArcelorMittal (Metals & Mining) | 5.75 | 8/5/20 | 726 | ||||||||||||
1,035 | ArcelorMittal (Metals & Mining) | 7.50 | 10/15/39 | 973 | ||||||||||||
683 | Ardagh Packaging Finance PLC (Containers & Packaging) Callable 10/15/14 @ 103.69 (a) | 7.38 | 10/15/17 | 742 | ||||||||||||
1,180 | Bombardier, Inc. (Aerospace & Defense) (a) | 5.75 | 3/15/22 | 1,212 | ||||||||||||
200 | Bombardier, Inc. (Aerospace & Defense) (a) | 7.75 | 3/15/20 | 227 | ||||||||||||
510 | Brookfield Residential Properties, Inc. (Real Estate Management & Development) Callable 12/15/15 @ 104.88 (a) | 6.50 | 12/15/20 | 523 | ||||||||||||
1,600 | Calcipar SA (Construction Materials) Callable 5/1/15 @ 103.44 (a) | 6.88 | 5/1/18 | 1,632 | ||||||||||||
1,310 | CGGVeritas (Energy Equipment & Services) Callable 6/1/16 @ 103.25 | 6.50 | 6/1/21 | 1,402 | ||||||||||||
2,605 | CHC Helicopter SA (Air Freight & Logistics) Callable 10/15/15 @ 104.63 | 9.25 | 10/15/20 | 2,742 | ||||||||||||
230 | Consolidated Minerals Ltd. (Metals & Mining) Callable 5/1/14 @ 104.44 (a) | 8.88 | 5/1/16 | 198 | ||||||||||||
1,110 | ConvaTec Healthcare E SA (Health Care Providers & Services) Callable 12/15/14 @ 105.25 (a) | 10.50 | 12/15/18 | 1,224 | ||||||||||||
665 | Dematic SA/DH Services Luxembourg Sarl (Machinery) Callable 12/15/15 @ 105.81 (a) | 7.75 | 12/15/20 | 665 | ||||||||||||
2,202 | Drill Rigs Holdings, Inc. (Oil, Gas & Consumable Fuels) Callable 10/1/15 @ 103.25 (a) | 6.50 | 10/1/17 | 2,191 | ||||||||||||
1,000 | Dufry Finance SCA (Consumer Finance) Callable 10/15/15 @ 104.13 (a) | 5.50 | 10/15/20 | 1,045 | ||||||||||||
2,000 | Expro Finance Luxembourg SCA (Oil, Gas & Consumable Fuels) Callable 12/15/13 @ 104.25 (a) | 8.50 | 12/15/16 | 2,090 | ||||||||||||
620 | Fairfax Financial Holdings Ltd. (Insurance) | 7.38 | 4/15/18 | 707 | ||||||||||||
205 | FMG Resources (August 2006) Pty Ltd. (Metals & Mining) Callable 2/1/14 @ 105.16 (a) | 6.88 | 2/1/18 | 212 | ||||||||||||
1,525 | FMG Resources (August 2006) Pty Ltd. (Metals & Mining) Callable 4/1/17 @ 103.44 (a) | 6.88 | 4/1/22 | 1,559 | ||||||||||||
4,210 | FMG Resources (August 2006) Pty Ltd. (Metals & Mining) Callable 11/1/15 @ 104.13 (a) | 8.25 | 11/1/19 | 4,484 |
See accompanying notes to financial statements.
134
HC CAPITAL TRUST
The Fixed Income Opportunity Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Shares or Principal Amount (000) | Rate % | Maturity Date | Value (000) | |||||||||||||
Yankee Dollars (continued) | ||||||||||||||||
$685 | HBOS PLC (Commercial Banks) (a) | 6.00 | 11/1/33 | $ | 619 | |||||||||||
2,979 | HudBay Minerals, Inc. (Metals & Mining) Callable 10/1/16 @ 104.75 (a) | 9.50 | 10/1/20 | 3,150 | ||||||||||||
800 | INEOS Finance PLC (Chemicals) Callable 5/1/15 @ 105.62 (a) | 7.50 | 5/1/20 | 838 | ||||||||||||
460 | INEOS Finance PLC (Chemicals) Callable 5/15/13 @ 104.50 (a) | 9.00 | 5/15/15 | 489 | ||||||||||||
985 | Inmarsat Finance PLC (Diversified Telecommunication Services) Callable 12/1/13 @ 103.69 (a) | 7.38 | 12/1/17 | 1,059 | ||||||||||||
1,115 | Inmet Mining Corp. (Metals & Mining) Callable 12/1/16 @ 103.75 (a) | 7.50 | 6/1/21 | 1,157 | ||||||||||||
3,635 | Inmet Mining Corp. (Metals & Mining) Callable 6/1/16 @ 104.38 (a) | 8.75 | 6/1/20 | 3,971 | ||||||||||||
1,650 | Intelsat Jackson Holdings SA (Diversified Telecommunication Services) Callable 4/1/16 @ 103.75 | 7.50 | 4/1/21 | 1,819 | ||||||||||||
2,000 | InterGen NV (Electric Utilities) Callable 2/8/13 @ 104.50 (a) | 9.00 | 6/30/17 | 1,790 | ||||||||||||
529 | Kinove German Bondco GmbH (Chemicals) Callable 6/15/14 @ 107.22 (a) | 9.63 | 6/15/18 | 578 | ||||||||||||
925 | Lloyds Banking Group PLC (Commercial Banks) Callable 11/14/16 @ 100.00, Perpetual Bond (a)(b)(d) | 6.27 | — | 708 | ||||||||||||
795 | Lloyds Banking Group PLC (Commercial Banks) Callable 10/1/35 @ 100.00, Perpetual Bond (a)(d) | 6.41 | — | 696 | ||||||||||||
745 | Lloyds Banking Group PLC (Commercial Banks) Callable 5/21/37 @ 100.00, Perpetual Bond (a)(d) | 6.66 | — | 661 | ||||||||||||
2,950 | LyondellBasell Industries NV (Chemicals) Callable 8/17/21 @ 100.00 | 6.00 | 11/15/21 | 3,459 | ||||||||||||
1,305 | MEG Energy Corp. (Oil, Gas & Consumable Fuels) Callable 7/30/17 @ 103.19 (a) | 6.38 | 1/30/23 | 1,360 | ||||||||||||
1,595 | MMI International Ltd. (Industrial Conglomerates) Callable 3/1/15 @ 104.00 (a) | 8.00 | 3/1/17 | 1,691 | ||||||||||||
1,065 | Mood Media Corp. (Media) Callable 10/15/15 @ 106.94 (a) | 9.25 | 10/15/20 | 1,122 | ||||||||||||
510 | National Money Mart Co. (Diversified Financial Services) Callable 12/15/13 @ 105.19 | 10.38 | 12/15/16 | 563 | ||||||||||||
595 | New Gold, Inc. (Metals & Mining) Callable 11/15/17 @ 103.13 (a) | 6.25 | 11/15/22 | 616 | ||||||||||||
530 | Nova Chemicals Corp. (Chemicals) Callable 11/1/14 @ 104.31 | 8.63 | 11/1/19 | 601 | ||||||||||||
1,555 | Novelis, Inc. (Metals & Mining) Callable 12/15/13 @ 106.28 | 8.38 | 12/15/17 | 1,714 | ||||||||||||
700 | Nufarm Australia Ltd. (Chemicals) Callable 10/15/15 @ 104.78 (a) | 6.38 | 10/15/19 | 731 | ||||||||||||
1,715 | Offshore Group Investment Ltd. (Energy Equipment & Services) Callable 11/1/15 @ 105.62 (a) | 7.50 | 11/1/19 | 1,732 | ||||||||||||
1,667 | Offshore Group Investment Ltd. (Energy Equipment & Services) Callable 2/1/13 @ 108.62 | 11.50 | 8/1/15 | 1,817 | ||||||||||||
385 | OXEA Finance & Cy SCA (Chemicals) Callable 7/15/13 @ 107.12 (a) | 9.50 | 7/15/17 | 422 | ||||||||||||
1,119 | Pacific Drilling V Ltd. (Oil, Gas & Consumable Fuels) Callable 12/1/15 @ 103.63 (a) | 7.25 | 12/1/17 | 1,161 | ||||||||||||
1,143 | Quebecor Media, Inc. (Media) (a) | 5.75 | 1/15/23 | 1,204 | ||||||||||||
152 | Quebecor Media, Inc. (Media) Callable 2/8/13 @ 102.58 | 7.75 | 3/15/16 | 156 | ||||||||||||
910 | RDS Ultra-Deepwater Ltd. (Energy Equipment & Services) Callable 3/15/14 @ 105.94 (a) | 11.88 | 3/15/17 | 1,024 | ||||||||||||
200 | Royal Bank of Scotland Group PLC (Commercial Banks) Callable 9/29/17 @ 100.00, Perpetual Bond(b)(d) | 7.64 | — | 180 | ||||||||||||
375 | Royal Bank of Scotland Group PLC (Commercial Banks) Callable 9/30/31 @ 100.00, Perpetual Bond(b)(d) | 7.65 | — | 379 | ||||||||||||
518 | Royal Caribbean Cruises Ltd. (Hotels, Restaurants & Leisure) | 5.25 | 11/15/22 | 548 | ||||||||||||
605 | Sable International Finance Ltd. (Communications Equipment) Callable 2/1/16 @ 104.38 (a) | 8.75 | 2/1/20 | 693 | ||||||||||||
3,095 | Satmex Escrow SA de CV (Diversified Telecommunication Services) Callable 5/15/14 @ 104.75 | 9.50 | 5/15/17 | 3,250 | ||||||||||||
2,260 | Seagate HDD Cayman (Computers & Peripherals) Callable 5/1/15 @ 103.44 | 6.88 | 5/1/20 | 2,404 | ||||||||||||
104 | Seagate Technology International Ltd. (Computers & Peripherals) Callable 5/1/13 @ 105.00 (a) | 10.00 | 5/1/14 | 112 | ||||||||||||
2,375 | Silver II Borrower SCA/Silver II US Holdings LLC (Aerospace & Defense) Callable 12/15/15 @ 105.81 (a) | 7.75 | 12/15/20 | 2,458 | ||||||||||||
650 | Tembec Industries, Inc. (Paper & Forest Products) Callable 12/15/14 @ 105.62 | 11.25 | 12/15/18 | 689 | ||||||||||||
590 | UPC Holding BV (Diversified Telecommunication Services) Callable 4/15/14 @ 104.94 (a) | 9.88 | 4/15/18 | 667 | ||||||||||||
1,420 | UPCB Finance V Ltd. (Diversified Telecommunication Services) Callable 11/15/16 @ 103.63 (a) | 7.25 | 11/15/21 | 1,562 | ||||||||||||
1,000 | UPCB Finance VI Ltd. (Diversified Telecommunication Services) Callable 1/15/17 @ 103.44 (a) | 6.88 | 1/15/22 | 1,082 |
See accompanying notes to financial statements.
135
HC CAPITAL TRUST
The Fixed Income Opportunity Portfolio
Portfolio of Investments (concluded) — December 31, 2012 (Unaudited)
Shares or Principal Amount (000) | Rate % | Maturity Date | Value (000) | |||||||||||||
Yankee Dollars (continued) | ||||||||||||||||
$1,261 | Videotron Ltee (Software) | 5.00 | 7/15/22 | $ | 1,322 | |||||||||||
695 | Viking Cruises Ltd. (Hotels, Restaurants & Leisure) Callable 10/15/17 @ 104.25 (a) | 8.50 | 10/15/22 | 751 | ||||||||||||
905 | White Mountains Re Group Ltd. (Insurance) Callable 6/30/17 @ 100.00 (a)(b) | 7.51 | 5/29/49 | 934 | ||||||||||||
2,000 | Wind Acquisition Finance SA (Diversified Telecommunication Services) Callable 11/15/13 @ 105.44 (a) | 7.25 | 2/15/18 | 2,025 | ||||||||||||
1,226 | Wind Acquisition Holdings Finance SA (Diversified Telecommunication Services) Callable 7/15/13 @ 106.12 (a) | 12.25 | 7/15/17 | 1,251 | ||||||||||||
Total Yankee Dollars | 91,650 | |||||||||||||||
Common/Preferred Stocks and Rights — 0.88% | ||||||||||||||||
108,934 | Countrywide Capital V (Diversified Financial Services) Callable 1/18/13 @ 25.00 | 2,744 | ||||||||||||||
33,900 | General Motors Co., Series B (Automobiles) | 1,496 | ||||||||||||||
55,515 | GMAC Capital Trust I (Consumer Finance) Callable 2/15/16 @ 25.00 | 1,480 | ||||||||||||||
Total Common/Preferred Stocks and Rights | 5,720 | |||||||||||||||
Time Deposit — 3.14% | ||||||||||||||||
$ 20,495 | State Street Liquidity Management Control System Time Deposit | 0.01 | 1/2/13 | 20,495 | ||||||||||||
Total Time Deposit | 20,495 | |||||||||||||||
Total Investments (cost $610,273) — 99.33% | 648,075 | |||||||||||||||
Other assets in excess of liabilities — 0.67% | 4,349 | |||||||||||||||
Net Assets — 100.00% | �� | $ | 652,424 |
(a) | Represents a security purchased under Rule 144A or Section 4(2) and is exempt from registration under the Securities Act of 1933, as amended, or is otherwise restricted to resale. Certain of these securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. These securities have been deemed liquid by the Specialist Manager. |
(b) | Variable Rate Security. The rate reflected is the rate in effect on December 31, 2012. |
(c) | Step Bond: Coupon rate is set for an initial period and then increased to a higher coupon rate at a specified date. The rate shown is the rate in effect at December 31, 2012. |
(d) | A perpetual bond is one with no maturity date that pays a fixed interest rate forever. |
MTN — Medium Term Note
ULC — Unlimited Liability Co.
The following table reflects the percentage of the total net assets of the Portfolio attributable to each Specialist Manager; see Note 3 in the Notes to Financial Statements.
The Fixed Income Opportunity Portfolio | Fort Washington Investment Advisors, Inc. | Seix Investment Advisors LLC | Total | |||||||||
Corporate Bonds | 33.79 | % | 47.47 | % | 81.26 | % | ||||||
Yankee Dollars | 5.15 | % | 8.90 | % | 14.05 | % | ||||||
Common/Preferred Stocks and Rights | 0.42 | % | 0.46 | % | 0.88 | % | ||||||
Time Deposit | 0.58 | % | 2.56 | % | 3.14 | % | ||||||
Other Assets (Liabilities) | 0.66 | % | 0.01 | % | 0.67 | % | ||||||
Total Net Assets | 40.60 | % | 59.40 | % | 100.00 | % |
See accompanying notes to financial statements.
136
HC CAPITAL TRUST
The U.S. Government Fixed Income Securities Portfolio
Portfolio of Investments — December 31, 2012 (Unaudited)
Principal Amount (000) | Rate % | Maturity Date | Value (000) | |||||||||||||
U.S. Treasury Obligations — 88.63% | ||||||||||||||||
$ 333 | U.S. Treasury Bond | 2.75 | 11/15/42 | $ | 321 | |||||||||||
1,039 | U.S. Treasury Bond | 3.00 | 5/15/42 | 1,058 | ||||||||||||
2,446 | U.S. Treasury Bond | 3.13 | 11/15/41 | 2,560 | ||||||||||||
1,731 | U.S. Treasury Bond | 3.13 | 2/15/42 | 1,810 | ||||||||||||
1,240 | U.S. Treasury Bond | 3.75 | 8/15/41 | 1,457 | ||||||||||||
2,190 | U.S. Treasury Bond | 3.88 | 8/15/40 | 2,632 | ||||||||||||
690 | U.S. Treasury Bond | 4.25 | 11/15/40 | 881 | ||||||||||||
1,075 | U.S. Treasury Bond | 4.38 | 2/15/38 | 1,395 | ||||||||||||
1,782 | U.S. Treasury Bond | 4.38 | 11/15/39 | 2,318 | ||||||||||||
1,211 | U.S. Treasury Bond | 4.38 | 5/15/40 | 1,576 | ||||||||||||
52 | U.S. Treasury Bond | 4.50 | 2/15/36 | 68 | ||||||||||||
992 | U.S. Treasury Bond | 4.50 | 8/15/39 | 1,315 | ||||||||||||
973 | U.S. Treasury Bond | 4.63 | 2/15/40 | 1,315 | ||||||||||||
2,187 | U.S. Treasury Bond | 4.75 | 2/15/41 | 3,015 | ||||||||||||
850 | U.S. Treasury Bond | 5.25 | 11/15/28 | 1,174 | ||||||||||||
605 | U.S. Treasury Bond | 5.38 | 2/15/31 | 864 | ||||||||||||
313 | U.S. Treasury Bond | 5.50 | 8/15/28 | 442 | ||||||||||||
900 | U.S. Treasury Bond | 6.00 | 2/15/26 | 1,302 | ||||||||||||
1,235 | U.S. Treasury Bond | 6.13 | 11/15/27 | 1,835 | ||||||||||||
1,722 | U.S. Treasury Bond | 6.25 | 8/15/23 | 2,469 | ||||||||||||
135 | U.S. Treasury Bond | 6.25 | 5/15/30 | 209 | ||||||||||||
474 | U.S. Treasury Bond | 7.13 | 2/15/23 | 715 | ||||||||||||
7 | U.S. Treasury Bond | 7.88 | 2/15/21 | 11 | ||||||||||||
110 | U.S. Treasury Bond | 8.13 | 8/15/21 | 170 | ||||||||||||
1,304 | U.S. Treasury Bond | 9.13 | 5/15/18 | 1,877 | ||||||||||||
1,500 | U.S. Treasury Note | 0.25 | 2/28/14 | 1,501 | ||||||||||||
3,000 | U.S. Treasury Note | 0.25 | 5/31/14 | 3,001 | ||||||||||||
3,686 | U.S. Treasury Note | 0.25 | 9/15/14 | 3,687 | ||||||||||||
1,250 | U.S. Treasury Note | 0.25 | 9/30/14 | 1,250 | ||||||||||||
600 | U.S. Treasury Note | 0.25 | 12/15/14 | 600 | ||||||||||||
3,000 | U.S. Treasury Note | 0.25 | 5/15/15 | 2,996 | ||||||||||||
4,537 | U.S. Treasury Note | 0.25 | 7/15/15 | 4,530 | ||||||||||||
1,485 | U.S. Treasury Note | 0.38 | 11/15/14 | 1,488 | ||||||||||||
3,897 | U.S. Treasury Note | 0.38 | 6/15/15 | 3,903 | ||||||||||||
1,000 | U.S. Treasury Note | 0.50 | 10/15/14 | 1,005 | ||||||||||||
2,950 | U.S. Treasury Note | 0.63 | 5/31/17 | 2,955 | ||||||||||||
650 | U.S. Treasury Note | 0.63 | 9/30/17 | 649 | ||||||||||||
2,200 | U.S. Treasury Note | 0.63 | 11/30/17 | 2,193 | ||||||||||||
3,000 | U.S. Treasury Note | 0.75 | 6/15/14 | 3,023 | ||||||||||||
2,005 | U.S. Treasury Note | 0.75 | 12/31/17 | 2,008 | ||||||||||||
1,522 | U.S. Treasury Note | 0.88 | 11/30/16 | 1,544 | ||||||||||||
50 | U.S. Treasury Note | 0.88 | 12/31/16 | 51 | ||||||||||||
2,000 | U.S. Treasury Note | 0.88 | 2/28/17 | 2,026 | ||||||||||||
2,665 | U.S. Treasury Note | 0.88 | 4/30/17 | 2,698 |
See accompanying notes to financial statements.
137
HC CAPITAL TRUST
The U.S. Government Fixed Income Securities Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Principal Amount (000) | Rate % | Maturity Date | Value (000) | |||||||||||||
U.S. Treasury Obligations (continued) | ||||||||||||||||
$3,000 | U.S. Treasury Note | 1.00 | 1/15/14 | $ | 3,025 | |||||||||||
3,666 | U.S. Treasury Note | 1.00 | 5/15/14 | 3,705 | ||||||||||||
2,303 | U.S. Treasury Note | 1.00 | 9/30/16 | 2,347 | ||||||||||||
2,100 | U.S. Treasury Note | 1.00 | 3/31/17 | 2,138 | ||||||||||||
200 | U.S. Treasury Note | 1.13 | 5/31/19 | 201 | ||||||||||||
652 | U.S. Treasury Note | 1.25 | 10/31/15 | 669 | ||||||||||||
1,285 | U.S. Treasury Note | 1.25 | 4/30/19 | 1,304 | ||||||||||||
1,726 | U.S. Treasury Note | 1.38 | 11/30/15 | 1,777 | ||||||||||||
10 | U.S. Treasury Note | 1.38 | 11/30/18 | 10 | ||||||||||||
1,893 | U.S. Treasury Note | 1.38 | 12/31/18 | 1,942 | ||||||||||||
1,715 | U.S. Treasury Note | 1.38 | 2/28/19 | 1,757 | ||||||||||||
1,100 | U.S. Treasury Note | 1.50 | 7/31/16 | 1,141 | ||||||||||||
2,497 | U.S. Treasury Note | 1.50 | 8/31/18 | 2,585 | ||||||||||||
820 | U.S. Treasury Note | 1.50 | 3/31/19 | 846 | ||||||||||||
1,250 | U.S. Treasury Note | 1.63 | 8/15/22 | 1,242 | ||||||||||||
207 | U.S. Treasury Note | 1.63 | 11/15/22 | 205 | ||||||||||||
2,478 | U.S. Treasury Note | 1.75 | 3/31/14 | 2,525 | ||||||||||||
2,400 | U.S. Treasury Note | 1.75 | 7/31/15 | 2,488 | ||||||||||||
711 | U.S. Treasury Note | 1.75 | 5/31/16 | 743 | ||||||||||||
2,127 | U.S. Treasury Note | 1.75 | 5/15/22 | 2,145 | ||||||||||||
3,140 | U.S. Treasury Note | 1.88 | 6/30/15 | 3,262 | ||||||||||||
166 | U.S. Treasury Note | 1.88 | 9/30/17 | 175 | ||||||||||||
200 | U.S. Treasury Note | 1.88 | 10/31/17 | 211 | ||||||||||||
1,823 | U.S. Treasury Note | 2.00 | 1/31/16 | 1,913 | ||||||||||||
2,016 | U.S. Treasury Note | 2.00 | 4/30/16 | 2,121 | ||||||||||||
1,714 | U.S. Treasury Note | 2.00 | 11/15/21 | 1,779 | ||||||||||||
2,297 | U.S. Treasury Note | 2.00 | 2/15/22 | 2,375 | ||||||||||||
3,259 | U.S. Treasury Note | 2.13 | 11/30/14 | 3,375 | ||||||||||||
2,265 | U.S. Treasury Note | 2.13 | 5/31/15 | 2,363 | ||||||||||||
1,761 | U.S. Treasury Note | 2.13 | 2/29/16 | 1,857 | ||||||||||||
2,147 | U.S. Treasury Note | 2.13 | 8/15/21 | 2,257 | ||||||||||||
1,811 | U.S. Treasury Note | 2.25 | 1/31/15 | 1,885 | ||||||||||||
1,074 | U.S. Treasury Note | 2.25 | 11/30/17 | 1,155 | ||||||||||||
1 | U.S. Treasury Note | 2.25 | 7/31/18 | 1 | ||||||||||||
3,202 | U.S. Treasury Note | 2.38 | 8/31/14 | 3,315 | ||||||||||||
3,820 | U.S. Treasury Note | 2.38 | 9/30/14 | 3,962 | ||||||||||||
3,635 | U.S. Treasury Note | 2.38 | 10/31/14 | 3,775 | ||||||||||||
2,570 | U.S. Treasury Note | 2.38 | 2/28/15 | 2,686 | ||||||||||||
1,445 | U.S. Treasury Note | 2.38 | 3/31/16 | 1,536 | ||||||||||||
1,365 | U.S. Treasury Note | 2.38 | 7/31/17 | 1,472 | ||||||||||||
600 | U.S. Treasury Note | 2.38 | 5/31/18 | 650 | ||||||||||||
1,612 | U.S. Treasury Note | 2.50 | 3/31/15 | 1,692 | ||||||||||||
2,590 | U.S. Treasury Note | 2.50 | 4/30/15 | 2,722 | ||||||||||||
2,750 | U.S. Treasury Note | 2.50 | 6/30/17 | 2,979 |
See accompanying notes to financial statements.
138
HC CAPITAL TRUST
The U.S. Government Fixed Income Securities Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Principal Amount (000) | Rate % | Maturity Date | Value (000) | |||||||||||||
U.S. Treasury Obligations (continued) | ||||||||||||||||
$3,716 | U.S. Treasury Note | 2.63 | 7/31/14 | $ | 3,856 | |||||||||||
2,000 | U.S. Treasury Note | 2.63 | 2/29/16 | 2,140 | ||||||||||||
825 | U.S. Treasury Note | 2.63 | 4/30/16 | 885 | ||||||||||||
998 | U.S. Treasury Note | 2.63 | 1/31/18 | 1,092 | ||||||||||||
377 | U.S. Treasury Note | 2.63 | 4/30/18 | 413 | ||||||||||||
1,697 | U.S. Treasury Note | 2.63 | 8/15/20 | 1,864 | ||||||||||||
1,993 | U.S. Treasury Note | 2.63 | 11/15/20 | 2,187 | ||||||||||||
765 | U.S. Treasury Note | 2.75 | 12/31/17 | 842 | ||||||||||||
1,029 | U.S. Treasury Note | 2.75 | 2/15/19 | 1,139 | ||||||||||||
2,367 | U.S. Treasury Note | 3.00 | 8/31/16 | 2,583 | ||||||||||||
401 | U.S. Treasury Note | 3.00 | 9/30/16 | 438 | ||||||||||||
2,181 | U.S. Treasury Note | 3.13 | 1/31/17 | 2,408 | ||||||||||||
1,382 | U.S. Treasury Note | 3.13 | 4/30/17 | 1,531 | ||||||||||||
1,430 | U.S. Treasury Note | 3.13 | 5/15/19 | 1,619 | ||||||||||||
2,110 | U.S. Treasury Note | 3.13 | 5/15/21 | 2,393 | ||||||||||||
1,780 | U.S. Treasury Note | 3.25 | 6/30/16 | 1,953 | ||||||||||||
349 | U.S. Treasury Note | 3.25 | 7/31/16 | 384 | ||||||||||||
2,202 | U.S. Treasury Note | 3.25 | 12/31/16 | 2,439 | ||||||||||||
2,417 | U.S. Treasury Note | 3.25 | 3/31/17 | 2,688 | ||||||||||||
1,382 | U.S. Treasury Note | 3.38 | 11/15/19 | 1,589 | ||||||||||||
1,149 | U.S. Treasury Note | 3.50 | 2/15/18 | 1,308 | ||||||||||||
2,391 | U.S. Treasury Note | 3.50 | 5/15/20 | 2,776 | ||||||||||||
2,009 | U.S. Treasury Note | 3.63 | 8/15/19 | 2,339 | ||||||||||||
2,540 | U.S. Treasury Note | 3.63 | 2/15/20 | 2,968 | ||||||||||||
1,752 | U.S. Treasury Note | 3.63 | 2/15/21 | 2,057 | ||||||||||||
2,855 | U.S. Treasury Note | 3.75 | 11/15/18 | 3,324 | ||||||||||||
1,165 | U.S. Treasury Note | 3.88 | 5/15/18 | 1,354 | ||||||||||||
1,110 | U.S. Treasury Note | 4.00 | 2/15/14 | 1,157 | ||||||||||||
2,167 | U.S. Treasury Note | 4.00 | 2/15/15 | 2,337 | ||||||||||||
548 | U.S. Treasury Note | 4.13 | 5/15/15 | 597 | ||||||||||||
2,290 | U.S. Treasury Note | 4.25 | 8/15/14 | 2,438 | ||||||||||||
131 | U.S. Treasury Note | 4.25 | 8/15/15 | 144 | ||||||||||||
2,426 | U.S. Treasury Note | 4.25 | 11/15/17 | 2,841 | ||||||||||||
1,032 | U.S. Treasury Note | 4.50 | 11/15/15 | 1,154 | ||||||||||||
648 | U.S. Treasury Note | 4.50 | 5/15/17 | 757 | ||||||||||||
2,718 | U.S. Treasury Note | 4.75 | 5/15/14 | 2,886 | ||||||||||||
1 | U.S. Treasury Note | 4.75 | 8/15/17 | 1 | ||||||||||||
156 | U.S. Treasury Note | 8.88 | 2/15/19 | 230 | ||||||||||||
Total U.S. Treasury Obligations | 221,321 | |||||||||||||||
U.S. Government Agency Securities — 11.25% | ||||||||||||||||
500 | Fannie Mae, Callable 3/4/13 @ 100.00 | 0.63 | 9/4/15 | 500 | ||||||||||||
800 | Fannie Mae | 0.88 | 8/28/17 | 802 | ||||||||||||
450 | Fannie Mae, Callable 8/23/13 @ 100.00 | 0.95 | 8/23/17 | 451 | ||||||||||||
250 | Fannie Mae, Callable 9/27/13 @ 100.00 | 1.07 | 9/27/17 | 251 |
See accompanying notes to financial statements.
139
HC CAPITAL TRUST
The U.S. Government Fixed Income Securities Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Principal Amount (000) | Rate % | Maturity Date | Value (000) | |||||||||||||
U.S. Government Agency Securities (continued) | ||||||||||||||||
$350 | Fannie Mae | 1.25 | 9/28/16 | $ | 359 | |||||||||||
30 | Fannie Mae, Callable 4/17/13 @ 100.00 | 1.50 | 4/17/17 | 30 | ||||||||||||
900 | Fannie Mae | 1.63 | 10/26/15 | 931 | ||||||||||||
271 | Fannie Mae | 2.63 | 11/20/14 | 283 | ||||||||||||
1,590 | Fannie Mae | 2.75 | 2/5/14 | 1,636 | ||||||||||||
1,400 | Fannie Mae | 2.75 | 3/13/14 | 1,443 | ||||||||||||
580 | Fannie Mae (a) | 3.21 | 10/9/19 | 508 | ||||||||||||
1,000 | Fannie Mae | 5.00 | 3/15/16 | 1,144 | ||||||||||||
610 | Fannie Mae | 5.00 | 2/13/17 | 718 | ||||||||||||
1,500 | Fannie Mae | 5.25 | 9/15/16 | 1,756 | ||||||||||||
30 | Fannie Mae, Callable 11/13/14 @ 100.00 | 5.38 | 11/13/28 | 33 | ||||||||||||
150 | Fannie Mae, Callable 4/18/16 @ 100.00 | 6.00 | 4/18/36 | 175 | ||||||||||||
85 | Fannie Mae | 6.21 | 8/6/38 | 129 | ||||||||||||
230 | Fannie Mae | 7.25 | 5/15/30 | 366 | ||||||||||||
250 | Federal Farm Credit Bank | 2.63 | 4/17/14 | 256 | ||||||||||||
250 | Federal Farm Credit Bank | 5.13 | 8/25/16 | 291 | ||||||||||||
1,820 | Federal Home Loan Bank | 2.38 | 3/14/14 | 1,867 | ||||||||||||
590 | Federal Home Loan Bank | 2.75 | 3/13/15 | 621 | ||||||||||||
880 | Federal Home Loan Bank | 5.25 | 12/11/20 | 1,124 | ||||||||||||
260 | Federal Home Loan Bank | 5.50 | 7/15/36 | 358 | ||||||||||||
800 | Federal Home Loan Bank, Series 656 | 5.38 | 5/18/16 | 932 | ||||||||||||
500 | Freddie Mac, Callable 2/27/13 @ 100.00 | 0.40 | 2/27/14 | 500 | ||||||||||||
500 | Freddie Mac, Callable 1/24/13 @ 100.00 | 0.60 | 1/24/14 | 500 | ||||||||||||
500 | Freddie Mac, Callable 2/24/14 @ 100.00 | 0.85 | 2/24/16 | 503 | ||||||||||||
400 | Freddie Mac | 1.00 | 8/27/14 | 405 | ||||||||||||
400 | Freddie Mac | 1.25 | 8/1/19 | 401 | ||||||||||||
250 | Freddie Mac, MTN, Callable 8/22/14 @ 100.00 | 1.40 | 8/22/19 | 250 | ||||||||||||
700 | Freddie Mac | 1.75 | 9/10/15 | 726 | ||||||||||||
750 | Freddie Mac | 2.38 | 1/13/22 | 784 | ||||||||||||
767 | Freddie Mac | 2.88 | 2/9/15 | 808 | ||||||||||||
1,150 | Freddie Mac | 3.75 | 3/27/19 | 1,329 | ||||||||||||
1,100 | Freddie Mac | 4.75 | 1/19/16 | 1,245 | ||||||||||||
1,940 | Freddie Mac | 5.25 | 4/18/16 | 2,244 | ||||||||||||
80 | Freddie Mac | 6.75 | 3/15/31 | 123 | ||||||||||||
500 | Freddie Mac, Series 0001, Callable 2/27/14 @ 100.00 | 0.55 | 2/27/15 | 502 | ||||||||||||
290 | Tennessee Valley Authority | 4.70 | 7/15/33 | 353 | ||||||||||||
135 | Tennessee Valley Authority | 5.25 | 9/15/39 | 178 | ||||||||||||
190 | Tennessee Valley Authority | 6.15 | 1/15/38 | 277 | ||||||||||||
Total U.S. Government Agency Securities | 28,092 | |||||||||||||||
Corporate Bond — 0.12% | ||||||||||||||||
250 | Private Export Funding Corp. (Thrifts & Mortgage Finance) | 4.38 | 3/15/19 | 298 | ||||||||||||
Total Corporate Bond | 298 | |||||||||||||||
Time Deposit — 0.37% | ||||||||||||||||
926 | State Street Liquidity Management Control System Time Deposit | 0.01 | 1/2/13 | 926 |
See accompanying notes to financial statements.
140
HC CAPITAL TRUST
The U.S. Government Fixed Income Securities Portfolio
Portfolio of Investments (concluded) — December 31, 2012 (Unaudited)
| Value (000) | |||||||||||||||
Time Deposit (continued) | ||||||||||||||||
Total Time Deposit | $ | 926 | ||||||||||||||
Total Investments (cost $242,961) — 100.37% | 250,637 | |||||||||||||||
Liabilities in excess of other assets — (0.37)% | (923) | |||||||||||||||
Net Assets — 100.00% | $ | 249,714 |
(a) | Rate disclosed represents effective yield at purchase. |
MTN — Medium Term Note
See accompanying notes to financial statements.
141
HC CAPITAL TRUST
The U.S. Corporate Fixed Income Securities Portfolio
Portfolio of Investments — December 31, 2012 (Unaudited)
Principal Amount (000) | Rate % | Maturity Date | Value (000) | |||||||||||||
Corporate Bonds — 72.93% | ||||||||||||||||
$1,104 | 3M Co. (Industrial Conglomerates) | 1.38 | 9/29/16 | $ | 1,127 | |||||||||||
59 | Alabama Power Co. (Electric Utilities) | 5.80 | 11/15/13 | 62 | ||||||||||||
1,617 | American Express Credit Corp., MTN (Diversified Financial Services) | 2.38 | 3/24/17 | 1,692 | ||||||||||||
699 | Analog Devices, Inc. (Semiconductors & Semiconductor Equipment) | 3.00 | 4/15/16 | 741 | ||||||||||||
3,610 | Anheuser-Busch InBev Worldwide, Inc. (Beverages) | 2.50 | 7/15/22 | 3,633 | ||||||||||||
1,545 | AT&T, Inc. (Wireless Telecommunication Services) | 4.35 | 6/15/45 | 1,552 | ||||||||||||
856 | AT&T, Inc. (Wireless Telecommunication Services) | 5.10 | 9/15/14 | 920 | ||||||||||||
1,998 | AT&T, Inc. (Wireless Telecommunication Services) | 5.55 | 8/15/41 | 2,398 | ||||||||||||
1,580 | AutoZone, Inc. (Specialty Retail) Callable 1/15/22 @ 100.00 | 3.70 | 4/15/22 | 1,661 | ||||||||||||
1,258 | Aviation Capital Group (Machinery) (a) | 6.75 | 4/6/21 | 1,300 | ||||||||||||
2,690 | Aviation Capital Group (Machinery) (a) | 7.13 | 10/15/20 | 2,833 | ||||||||||||
1,949 | Baker Hughes, Inc. (Energy Equipment & Services) | 5.13 | 9/15/40 | 2,346 | ||||||||||||
4,327 | Berkshire Hathaway, Inc. (Insurance) | 3.20 | 2/11/15 | 4,555 | ||||||||||||
1,915 | BioMed Realty LP (Real Estate Investment Trusts) Callable 3/15/16 @ 100.00 | 3.85 | 4/15/16 | 2,020 | ||||||||||||
592 | Caterpillar, Inc. (Machinery) | 3.80 | 8/15/42 | 590 | ||||||||||||
1,446 | CC Holdings GS V LLC (Diversified Telecommunication Services) (a) | 3.85 | 4/15/23 | 1,471 | ||||||||||||
1,787 | CC Holdings GS V LLC (Diversified Telecommunication Services) Callable 5/1/13 @ 103.88 (a) | 7.75 | 5/1/17 | 1,897 | ||||||||||||
1,793 | Cellco Partnership/Verizon Wireless Capital LLC (Wireless Telecommunication Services) | 5.55 | 2/1/14 | 1,882 | ||||||||||||
1,850 | Cisco Systems, Inc. (Communications Equipment) | 5.50 | 2/22/16 | 2,115 | ||||||||||||
3,139 | Cisco Systems, Inc. (Communications Equipment) | 5.50 | 1/15/40 | 3,989 | ||||||||||||
3,171 | CME Group, Inc. (Diversified Financial Services) | 5.75 | 2/15/14 | 3,349 | ||||||||||||
897 | Colgate-Palmolive Co., MTN (Household Products) | 0.60 | 11/15/14 | 900 | ||||||||||||
1,957 | Comcast Corp. (Media) | 3.13 | 7/15/22 | 2,039 | ||||||||||||
3,212 | Comcast Corp. (Media) | 4.65 | 7/15/42 | 3,386 | ||||||||||||
1,578 | Deere & Co. (Machinery) Callable 12/9/41 @ 100.00 | 3.90 | 6/9/42 | 1,613 | ||||||||||||
3,169 | Digital Realty Trust LP (Real Estate Investment Trusts) | 5.88 | 2/1/20 | 3,621 | ||||||||||||
883 | Dominion Resources, Inc. (Multi-Utilities) | 1.95 | 8/15/16 | 907 | ||||||||||||
1,348 | eBay, Inc. (Internet Software & Services) Callable 4/15/22 @ 100.00 | 2.60 | 7/15/22 | 1,362 | ||||||||||||
774 | El Paso Natural Gas Co. (Oil, Gas & Consumable Fuels) | 5.95 | 4/15/17 | 895 | ||||||||||||
1,617 | Enbridge Energy Partners LP (Oil, Gas & Consumable Fuels) Callable 3/15/40 @ 100.00 | 5.50 | 9/15/40 | 1,794 | ||||||||||||
1,126 | Energy Transfer Partners LP (Oil, Gas & Consumable Fuels) Callable 12/1/40 @ 100.00 | 6.05 | 6/1/41 | 1,281 | ||||||||||||
1,525 | Energy Transfer Partners LP (Oil, Gas & Consumable Fuels) | 6.63 | 10/15/36 | 1,791 | ||||||||||||
2,372 | ERAC USA Finance Co. (Diversified Financial Services) (a) | 5.25 | 10/1/20 | 2,713 | ||||||||||||
658 | ERAC USA Finance Co. (Diversified Financial Services) (a) | 5.60 | 5/1/15 | 720 | ||||||||||||
1,932 | Exelon Generation Co. LLC (Independent Power Producers & Energy Traders) | 6.20 | 10/1/17 | 2,282 | ||||||||||||
3,444 | Ford Motor Credit Co. LLC (Diversified Financial Services) | 5.00 | 5/15/18 | 3,800 | ||||||||||||
1,300 | General Electric Capital Corp., Series A (Diversified Financial Services) Callable 6/15/22 @ 100.00, Perpetual Bond (b)(c) | 7.13 | — | 1,469 | ||||||||||||
4,000 | General Electric Capital Corp., Series B (Diversified Financial Services) Callable 12/15/22 @ 100.00, Perpetual Bond (b)(c) | 6.25 | — | 4,356 | ||||||||||||
1,360 | General Electric Co. (Industrial Conglomerates) | 4.13 | 10/9/42 | 1,399 | ||||||||||||
1,111 | General Electric Co. (Industrial Conglomerates) | 5.25 | 12/6/17 | 1,310 | ||||||||||||
2,736 | Healthcare Realty Trust (Real Estate Investment Trusts) | 6.50 | 1/17/17 | 3,128 | ||||||||||||
1,308 | Intel Corp. (Semiconductors & Semiconductor Equipment) | 1.95 | 10/1/16 | 1,351 |
See accompanying notes to financial statements.
142
HC CAPITAL TRUST
The U.S. Corporate Fixed Income Securities Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Principal Amount (000) | Rate % | Maturity Date | Value (000) | |||||||||||||
Corporate Bonds (continued) | ||||||||||||||||
$1,159 | Intel Corp. (Semiconductors & Semiconductor Equipment) | 4.80 | 10/1/41 | $ | 1,276 | |||||||||||
1,768 | John Deere Capital Corp., MTN (Machinery) | 1.25 | 12/2/14 | 1,791 | ||||||||||||
605 | Juniper Networks, Inc. (Communications Equipment) | 3.10 | 3/15/16 | 627 | ||||||||||||
562 | Juniper Networks, Inc. (Communications Equipment) | 4.60 | 3/15/21 | 596 | ||||||||||||
4,554 | Kinder Morgan Energy Partners LP (Oil, Gas & Consumable Fuels) Callable 2/15/42 @ 100.00 | 5.00 | 8/15/42 | 4,826 | ||||||||||||
3,379 | Lazard Group LLC (Diversified Financial Services) | 7.13 | 5/15/15 | 3,756 | ||||||||||||
561 | Life Technologies Corp. (Biotechnology) Callable 10/15/20 @ 100.00 | 5.00 | 1/15/21 | 632 | ||||||||||||
2,222 | Macy's Retail Holdings, Inc. (Multiline Retail) Callable 8/15/42 @ 100.00 | 4.30 | 2/15/43 | 2,162 | ||||||||||||
1,522 | MassMutual Global Funding LLC (Thrifts & Mortgage Finance) (a) | 2.00 | 4/5/17 | 1,568 | ||||||||||||
1,074 | MidAmerican Energy Holdings Co. (Electric Utilities) | 6.13 | 4/1/36 | 1,356 | ||||||||||||
1,573 | Newmont Mining Corp. (Metals & Mining) | 6.25 | 10/1/39 | 1,894 | ||||||||||||
3,091 | Northern Trust Corp. (Capital Markets) | 4.63 | 5/1/14 | 3,257 | ||||||||||||
2,927 | PACCAR Financial Corp., MTN (Machinery) | 1.55 | 9/29/14 | 2,975 | ||||||||||||
1,680 | Phillips 66 (Oil, Gas & Consumable Fuels) | 4.30 | 4/1/22 | 1,877 | ||||||||||||
1,018 | Roche Holdings, Inc. (Health Care Providers & Services) (a) | 7.00 | 3/1/39 | 1,534 | ||||||||||||
2,300 | Sabmiller Holdings, Inc. (Beverages) (a) | 2.45 | 1/15/17 | 2,397 | ||||||||||||
661 | Southern California Edison Co. (Electric Utilities) | 5.75 | 3/15/14 | 702 | ||||||||||||
1,181 | Stryker Corp. (Health Care Equipment & Supplies) | 2.00 | 9/30/16 | 1,230 | ||||||||||||
1,799 | TC Pipelines LP (Oil, Gas & Consumable Fuels) | 4.65 | 6/15/21 | 1,913 | ||||||||||||
4,046 | TD Ameritrade Holding Corp. (Diversified Financial Services) | 5.60 | 12/1/19 | 4,802 | ||||||||||||
1,854 | Teachers Insurance & Annuity Association (Insurance) (a) | 6.85 | 12/16/39 | 2,515 | ||||||||||||
1,154 | The Clorox Co. (Household Products) Callable 6/15/22 @ 100.00 | 3.05 | 9/15/22 | 1,190 | ||||||||||||
878 | The Kroger Co. (Food & Staples Retailing) | 7.50 | 1/15/14 | 939 | ||||||||||||
1,860 | The NASDAQ OMX Group, Inc. (Diversified Financial Services) | 5.55 | 1/15/20 | 2,026 | ||||||||||||
1,482 | The Walt Disney Co. (Media) | 2.75 | 8/16/21 | 1,547 | ||||||||||||
1,236 | The Walt Disney Co., Series E, MTN (Media) | 3.75 | 6/1/21 | 1,366 | ||||||||||||
828 | Thermo Fisher Scientific, Inc. (Health Care Equipment & Supplies) | 2.25 | 8/15/16 | 857 | ||||||||||||
3,369 | Time Warner Cable, Inc. (Media) | 5.85 | 5/1/17 | 3,980 | ||||||||||||
756 | Time Warner, Inc. (Media) | 6.20 | 3/15/40 | 926 | ||||||||||||
1,530 | Toyota Motor Credit Corp., MTN (Diversified Financial Services) | 3.20 | 6/17/15 | 1,622 | ||||||||||||
1,418 | United Technologies Corp. (Aerospace & Defense) | 4.50 | 6/1/42 | 1,576 | ||||||||||||
1,000 | UnitedHealth Group, Inc. (Health Care Providers & Services) | 1.40 | 10/15/17 | 1,002 | ||||||||||||
522 | Verizon Communications, Inc. (Diversified Telecommunication Services) | 5.55 | 2/15/16 | 594 | ||||||||||||
987 | Verizon Communications, Inc. (Diversified Telecommunication Services) | 5.85 | 9/15/35 | 1,240 | ||||||||||||
1,722 | Wal-Mart Stores, Inc. (Specialty Retail) | 6.50 | 8/15/37 | 2,421 | ||||||||||||
1,218 | Watson Pharmaceuticals, Inc. (Pharmaceuticals) Callable 7/1/22 @ 100.00 | 3.25 | 10/1/22 | 1,243 | ||||||||||||
3,241 | Wells Fargo & Co., MTN (Commercial Banks) | 1.25 | 2/13/15 | 3,271 | ||||||||||||
2,453 | Williams Partners LP (Oil, Gas & Consumable Fuels) Callable 8/15/20 @ 100.00 | 4.13 | 11/15/20 | 2,664 | ||||||||||||
878 | Xerox Corp. (Office Electronics) | 2.95 | 3/15/17 | 901 | ||||||||||||
Total Corporate Bonds | 157,301 |
See accompanying notes to financial statements.
143
HC CAPITAL TRUST
The U.S. Corporate Fixed Income Securities Portfolio
Portfolio of Investments (concluded) — December 31, 2012 (Unaudited)
Shares or Principal Amount (000) | Rate % | Maturity Date | Value (000) | |||||||||||||
Yankee Dollars — 18.47% | ||||||||||||||||
$1,188 | Allied World Assurance Co. Ltd. (Insurance) | 5.50 | 11/15/20 | $ | 1,317 | |||||||||||
1,741 | Barrick (PD) Australia Finance Pty Ltd. (Metals & Mining) | 5.95 | 10/15/39 | 2,011 | ||||||||||||
1,507 | Barrick International (Barbados) Corp. (Metals & Mining) (a) | 6.35 | 10/15/36 | 1,775 | ||||||||||||
1,853 | BHP Billiton Finance USA Ltd. (Metals & Mining) | 1.13 | 11/21/14 | 1,875 | ||||||||||||
1,986 | BP Capital Markets PLC (Oil, Gas & Consumable Fuels) | 2.25 | 11/1/16 | 2,066 | ||||||||||||
2,394 | Covidien International Finance SA (Health Care Equipment & Supplies) Callable 3/15/22 @ 100.00 | 3.20 | 6/15/22 | 2,506 | ||||||||||||
2,359 | Ensco PLC (Energy Equipment & Services) | 4.70 | 3/15/21 | 2,655 | ||||||||||||
1,826 | Fairfax Financial Holdings Ltd. (Insurance) (a) | 5.80 | 5/15/21 | 1,887 | ||||||||||||
1,433 | HSBC Bank PLC (Commercial Banks) (a) | 3.10 | 5/24/16 | 1,515 | ||||||||||||
2,436 | HSBC Bank PLC (Commercial Banks) (a) | 3.50 | 6/28/15 | 2,584 | ||||||||||||
4,120 | Kinross Gold Corp. (Metals & Mining) | 5.13 | 9/1/21 | 4,253 | ||||||||||||
1,208 | Shell International Finance BV (Oil, Gas & Consumable Fuels) | 2.38 | 8/21/22 | 1,214 | ||||||||||||
1,551 | Shell International Finance BV (Oil, Gas & Consumable Fuels) | 3.63 | 8/21/42 | 1,537 | ||||||||||||
1,191 | Shell International Finance BV (Oil, Gas & Consumable Fuels) | 6.38 | 12/15/38 | 1,673 | ||||||||||||
55 | Statoil ASA (Oil, Gas & Consumable Fuels) | 3.13 | 8/17/17 | 60 | ||||||||||||
1,094 | TransCanada PipeLines Ltd. (Oil, Gas & Consumable Fuels) | 6.10 | 6/1/40 | 1,458 | ||||||||||||
1,858 | Volkswagen International Finance N.V. (Diversified Financial Services) (a) | 2.38 | 3/22/17 | 1,914 | ||||||||||||
614 | Weatherford Bermuda Holdings Ltd. (Energy Equipment & Services) | 5.13 | 9/15/20 | 677 | ||||||||||||
1,094 | Weatherford International Ltd. (Energy Equipment & Services) | 6.50 | 8/1/36 | 1,218 | ||||||||||||
1,223 | Wesfarmers Ltd. (Multiline Retail) (a) | 7.00 | 4/10/13 | 1,243 | ||||||||||||
3,991 | Woodside Finance Ltd. (Thrifts & Mortgage Finance) Callable 2/10/21 @ 100.00 (a) | 4.60 | 5/10/21 | 4,399 | ||||||||||||
Total Yankee Dollars | 39,837 | |||||||||||||||
Preferred Stocks — 5.58% | ||||||||||||||||
45,975 | Arch Capital Group Ltd., Series C (Insurance) Callable 4/2/17 @ 25.00 | 1,233 | ||||||||||||||
104,725 | PNC Financial Services Group, Inc., Series P (Commercial Banks) Callable 5/1/22 @ 25.00 | 2,902 | ||||||||||||||
18,300 | Public Storage, Inc., Series U (Real Estate Investment Trusts) Callable 6/15/17 @ 25.00 | 475 | ||||||||||||||
61,325 | Reinsurance Group of America (Insurance) Callable 9/15/22 @ 25.00 | 1,663 | ||||||||||||||
50,525 | SCE Trust I (Electric Utilities) Callable 6/15/17 @ 25.00 | 1,304 | ||||||||||||||
67,800 | U.S. Bancorp, Series F (Commercial Banks) Callable 1/15/22 @ 25.00 | 1,942 | ||||||||||||||
90,300 | U.S. Bancorp, Series G (Commercial Banks) Callable 4/15/17 @ 25.00 | 2,505 | ||||||||||||||
Total Preferred Stocks | 12,024 | |||||||||||||||
Mutual Fund — 3.45% | ||||||||||||||||
7,450,517 | SSgA U.S. Government Money Market Fund (d) | 0.00 | 7,451 | |||||||||||||
Total Mutual Fund | 7,451 | |||||||||||||||
Total Investments (cost $204,413) — 100.43% | 216,613 | |||||||||||||||
Liabilities in excess of other assets — (0.43)% | (927) | |||||||||||||||
Net Assets — 100.00% | $ | 215,686 |
(a) | Represents a security purchased under Rule 144A or Section 4(2) and is exempt from registration under the Securities Act of 1933, as amended, or is otherwise restricted to resale. Certain of these securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. These securities have been deemed liquid by the Specialist Manager. |
(b) | Variable Rate Security. The rate reflected is the rate in effect on December 31, 2012. |
(c) | A perpetual bond is one with no maturity date that pays a fixed interest rate forever. |
(d) | The rate disclosed is the rate in effect on December 31, 2012. |
MTN — Medium Term Note
See accompanying notes to financial statements.
144
HC CAPITAL TRUST
The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio
Portfolio of Investments — December 31, 2012 (Unaudited)
Principal Amount (000) | Rate % | Maturity Date | Value (000) | |||||||||||||
U.S. Government Agency Mortgages — 101.53% | ||||||||||||||||
$ 1,700 | Fannie Mae, 15 YR TBA | 3.00 | 1/25/28 | $ | 1,794 | |||||||||||
1,600 | Fannie Mae, 15 YR TBA | 3.50 | 1/25/28 | 1,697 | ||||||||||||
2,800 | Fannie Mae, 15 YR TBA | 4.50 | 1/25/28 | 3,012 | ||||||||||||
2,200 | Fannie Mae, 15 YR TBA | 5.00 | 1/25/28 | 2,381 | ||||||||||||
1,500 | Fannie Mae, 30 YR TBA | 5.00 | 1/25/43 | 1,625 | ||||||||||||
4,534 | Fannie Mae, Pool #190405 | 4.00 | 10/1/40 | 4,860 | ||||||||||||
382 | Fannie Mae, Pool #545400 | 5.50 | 1/1/17 | 411 | ||||||||||||
123 | Fannie Mae, Pool #545900 | 5.50 | 7/1/17 | 133 | ||||||||||||
224 | Fannie Mae, Pool #625938 | 5.50 | 3/1/17 | 241 | ||||||||||||
126 | Fannie Mae, Pool #627241 | 5.50 | 9/1/17 | 136 | ||||||||||||
17 | Fannie Mae, Pool #630942 | 5.50 | 2/1/17 | 18 | ||||||||||||
5,548 | Fannie Mae, Pool #725228 | 6.00 | 3/1/34 | 6,163 | ||||||||||||
310 | Fannie Mae, Pool #888596 | 6.50 | 7/1/37 | 349 | ||||||||||||
4,346 | Fannie Mae, Pool #889117 | 5.00 | 10/1/35 | 4,735 | ||||||||||||
1,403 | Fannie Mae, Pool #889984 | 6.50 | 10/1/38 | 1,575 | ||||||||||||
6,541 | Fannie Mae, Pool #890221 | 5.50 | 12/1/33 | 7,195 | ||||||||||||
163 | Fannie Mae, Pool #909662 | 5.50 | 2/1/22 | 176 | ||||||||||||
213 | Fannie Mae, Pool #949500 | 5.50 | 9/1/22 | 230 | ||||||||||||
6,503 | Fannie Mae, Pool #959451 | 6.00 | 12/1/37 | 7,119 | ||||||||||||
279 | Fannie Mae, Pool #976945 | 5.50 | 2/1/23 | 301 | ||||||||||||
822 | Fannie Mae, Pool #AA9781 | 4.50 | 7/1/24 | 884 | ||||||||||||
931 | Fannie Mae, Pool #AB3192 | 4.50 | 6/1/41 | 1,011 | ||||||||||||
833 | Fannie Mae, Pool #AB4483 | 3.00 | 2/1/27 | 880 | ||||||||||||
2,828 | Fannie Mae, Pool #AB4689 | 3.50 | 3/1/42 | 3,029 | ||||||||||||
2,864 | Fannie Mae, Pool #AB6017 | 3.50 | 8/1/42 | 3,063 | ||||||||||||
2,294 | Fannie Mae, Pool #AB7099 | 3.00 | 11/1/42 | 2,406 | ||||||||||||
1,184 | Fannie Mae, Pool #AC7328 | 4.00 | 12/1/39 | 1,270 | ||||||||||||
6,477 | Fannie Mae, Pool #AD0527 | 5.50 | 6/1/39 | 7,038 | ||||||||||||
1,604 | Fannie Mae, Pool #AE0442 | 6.50 | 1/1/39 | 1,764 | ||||||||||||
1,143 | Fannie Mae, Pool #AH5859 | 4.00 | 2/1/41 | 1,227 | ||||||||||||
5,047 | Fannie Mae, Pool #AH5988 | 5.00 | 3/1/41 | 5,621 | ||||||||||||
5,837 | Fannie Mae, Pool #AH6242 | 4.00 | 4/1/26 | 6,254 | ||||||||||||
7,828 | Fannie Mae, Pool #AH7521 | 4.50 | 3/1/41 | 8,498 | ||||||||||||
1,888 | Fannie Mae, Pool #AH9055 | 4.50 | 4/1/41 | 2,050 | ||||||||||||
1,135 | Fannie Mae, Pool #AI4815 | 4.50 | 6/1/41 | 1,232 | ||||||||||||
737 | Fannie Mae, Pool #AI6016 | 4.00 | 7/1/41 | 791 | ||||||||||||
2,236 | Fannie Mae, Pool #AJ1300 (a) | 2.95 | 10/1/41 | 2,342 | ||||||||||||
1,996 | Fannie Mae, Pool #AJ5303 | 4.00 | 11/1/41 | 2,143 | ||||||||||||
77 | Fannie Mae, Pool #AJ6181 | 3.50 | 12/1/26 | 82 | ||||||||||||
2,559 | Fannie Mae, Pool #AJ7689 | 4.00 | 12/1/41 | 2,746 | ||||||||||||
1,872 | Fannie Mae, Pool #AJ7857 | 4.00 | 12/1/41 | 2,010 | ||||||||||||
1,162 | Fannie Mae, Pool #AK0006 | 3.00 | 1/1/27 | 1,228 | ||||||||||||
258 | Fannie Mae, Pool #AK0706 | 3.50 | 2/1/27 | 273 | ||||||||||||
1,549 | Fannie Mae, Pool #AK3302 | 3.00 | 3/1/27 | 1,637 | ||||||||||||
4,687 | Fannie Mae, Pool #AK7497 | 3.50 | 4/1/42 | 5,011 | ||||||||||||
622 | Fannie Mae, Pool #AK8522 | 3.00 | 3/1/27 | 658 |
See accompanying notes to financial statements.
145
HC CAPITAL TRUST
The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Principal Amount (000) | Rate % | Maturity Date | Value (000) | |||||||||||||
U.S. Government Agency Mortgages (continued) | ||||||||||||||||
$1,072 | Fannie Mae, Pool #AL0583 | 6.50 | 10/1/39 | $ | 1,203 | |||||||||||
222 | Fannie Mae, Pool #AL0725 | 5.50 | 6/1/24 | 239 | ||||||||||||
2,167 | Fannie Mae, Pool #AL1107 | 4.50 | 11/1/41 | 2,352 | ||||||||||||
3,144 | Fannie Mae, Pool #AL1717 | 3.50 | 5/1/27 | 3,359 | ||||||||||||
1,478 | Fannie Mae, Pool #AO0752 | 3.00 | 4/1/42 | 1,550 | ||||||||||||
3,546 | Fannie Mae, Pool #AO2548 | 3.50 | 4/1/42 | 3,791 | ||||||||||||
880 | Fannie Mae, Pool #AO3019 | 2.50 | 5/1/27 | 921 | ||||||||||||
882 | Fannie Mae, Pool #AO3760 | 3.50 | 5/1/42 | 948 | ||||||||||||
3,677 | Fannie Mae, Pool #AO8137 | 3.50 | 8/1/42 | 3,931 | ||||||||||||
1,149 | Fannie Mae, Pool #AP2465 | 3.00 | 8/1/42 | 1,205 | ||||||||||||
972 | Fannie Mae, Pool #AP4742 | 2.50 | 8/1/27 | 1,017 | ||||||||||||
2,280 | Fannie Mae, Pool #AP6375 | 3.00 | 9/1/42 | 2,391 | ||||||||||||
1,986 | Fannie Mae, Pool #AP6493 | 3.00 | 9/1/42 | 2,083 | ||||||||||||
1,194 | Fannie Mae, Pool #AP9390 | 3.50 | 10/1/42 | 1,277 | ||||||||||||
1,096 | Fannie Mae, Pool #AQ0546 | 3.50 | 11/1/42 | 1,172 | ||||||||||||
2,700 | Fannie Mae, Pool #AQ7920 | 3.00 | 12/1/42 | 2,832 | ||||||||||||
90 | Fannie Mae, Pool #MA1021 | 3.50 | 3/1/27 | 95 | ||||||||||||
1,180 | Fannie Mae, Pool #MA1210 | 2.50 | 9/1/49 | 1,234 | ||||||||||||
1,094 | Fannie Mae, Pool #MA1277 | 2.50 | 12/1/27 | 1,145 | ||||||||||||
3,247 | Freddie Mac, Pool #1B7911 (a) | 2.71 | 12/1/40 | 3,375 | ||||||||||||
27 | Freddie Mac, Pool #A69671 | 5.50 | 12/1/37 | 29 | ||||||||||||
19 | Freddie Mac, Pool #A79636 | 5.50 | 7/1/38 | 20 | ||||||||||||
5,689 | Freddie Mac, Pool #A96286 | 4.00 | 1/1/41 | 6,079 | ||||||||||||
911 | Freddie Mac, Pool #A97495 | 4.50 | 3/1/41 | 981 | ||||||||||||
11,721 | Freddie Mac, Pool #A97692 | 4.50 | 3/1/41 | 12,648 | ||||||||||||
3,074 | Freddie Mac, Pool #C01598 | 5.00 | 8/1/33 | 3,339 | ||||||||||||
4,374 | Freddie Mac, Pool #G01665 | 5.50 | 3/1/34 | 4,758 | ||||||||||||
2,518 | Freddie Mac, Pool #G02794 | 6.00 | 5/1/37 | 2,744 | ||||||||||||
5,625 | Freddie Mac, Pool #G04913 | 5.00 | 3/1/38 | 6,058 | ||||||||||||
1,727 | Freddie Mac, Pool #G06031 | 5.50 | 3/1/40 | 1,866 | ||||||||||||
27 | Freddie Mac, Pool #G06091 | 5.50 | 5/1/40 | 29 | ||||||||||||
674 | Freddie Mac, Pool #G08459 | 4.00 | 9/1/41 | 721 | ||||||||||||
184 | Freddie Mac, Pool #G08483 | 4.00 | 3/1/42 | 199 | ||||||||||||
4,268 | Freddie Mac, Pool #G08495 | 3.50 | 6/1/42 | 4,551 | ||||||||||||
306 | Freddie Mac, Pool #Q04411 | 4.00 | 11/1/41 | 327 | ||||||||||||
4,500 | Government National Mortgage Association, 30 YR TBA | 3.50 | 1/20/42 | 4,889 | ||||||||||||
3,200 | Government National Mortgage Association, 30 YR TBA | 4.00 | 1/20/42 | 3,485 | ||||||||||||
2,600 | Government National Mortgage Association, 30 YR TBA | 4.00 | 1/15/43 | 2,851 | ||||||||||||
400 | Government National Mortgage Association, 30 YR TBA | 4.50 | 1/15/43 | 438 | ||||||||||||
3,800 | Government National Mortgage Association, 30 YR TBA | 5.00 | 1/15/43 | 4,145 | ||||||||||||
2,700 | Government National Mortgage Association, 30 YR TBA | 5.50 | 1/20/43 | 2,963 | ||||||||||||
1,600 | Government National Mortgage Association, 30 YR TBA | 6.00 | 1/20/43 | 1,784 | ||||||||||||
4,820 | Government National Mortgage Association, Pool #4559 | 5.00 | 10/20/39 | 5,341 | ||||||||||||
5,221 | Government National Mortgage Association, Pool #4801 | 4.50 | 9/20/40 | 5,773 | ||||||||||||
1,157 | Government National Mortgage Association, Pool #510835 | 5.50 | 2/15/35 | 1,275 | ||||||||||||
2,757 | Government National Mortgage Association, Pool #5139 | 4.00 | 8/20/41 | 3,024 |
See accompanying notes to financial statements.
146
HC CAPITAL TRUST
The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Principal Amount (000) | Rate % | Maturity Date | Value (000) | |||||||||||||
U.S. Government Agency Mortgages (continued) | ||||||||||||||||
$302 | Government National Mortgage Association, Pool #658181 | 5.50 | 11/15/36 | $ | 332 | |||||||||||
9 | Government National Mortgage Association, Pool #690789 | 6.50 | 5/15/38 | 10 | ||||||||||||
327 | Government National Mortgage Association, Pool #694642 | 6.50 | 8/15/38 | 372 | ||||||||||||
104 | Government National Mortgage Association, Pool #695773 | 6.50 | 11/15/38 | 119 | ||||||||||||
235 | Government National Mortgage Association, Pool #699237 | 6.50 | 9/15/38 | 268 | ||||||||||||
3,974 | Government National Mortgage Association, Pool #717148 | 4.50 | 5/15/39 | 4,417 | ||||||||||||
3,442 | Government National Mortgage Association, Pool #721760 | 4.50 | 8/15/40 | 3,826 | ||||||||||||
1,356 | Government National Mortgage Association, Pool #781959 | 6.00 | 7/15/35 | 1,520 | ||||||||||||
906 | Government National Mortgage Association, Pool #782523 | 5.00 | 11/15/35 | 995 | ||||||||||||
960 | Government National Mortgage Association, Pool #MA0088 | 3.50 | 5/20/42 | 1,044 | ||||||||||||
2,928 | Government National Mortgage Association, Pool #MA0220 | 3.50 | 7/20/42 | 3,185 | ||||||||||||
1,194 | Government National Mortgage Association, Pool #MA0462 | 3.50 | 10/20/42 | 1,299 | ||||||||||||
2,700 | Government National Mortgage Association, Pool #MA0624 | 3.00 | 12/20/42 | 2,875 | ||||||||||||
Total U.S. Government Agency Mortgages | 245,998 | |||||||||||||||
U.S. Treasury Obligations — 7.43% | ||||||||||||||||
4,000 | U.S. Treasury Bills (b) | 0.03 | 1/24/13 | 4,000 | ||||||||||||
5,000 | U.S. Treasury Bills (b) | 0.04 | 1/3/13 | 5,000 | ||||||||||||
9,000 | U.S. Treasury Bills (b) | 0.14 | 4/4/13 | 8,998 | ||||||||||||
Total U.S. Treasury Obligations | 17,998 | |||||||||||||||
Asset Backed Security — 0.89% | ||||||||||||||||
2,000 | Citibank Omni Master Trust, Series 2009-A17, Class A17 (c) | 4.90 | 11/15/18 | 2,158 | ||||||||||||
Total Asset Backed Security | 2,158 | |||||||||||||||
Collateralized Mortgage Obligations — 6.25% | ||||||||||||||||
860 | Banc of America Commercial Mortgage, Inc., Series 2006-2, Class AJ (a) | 5.95 | 5/10/45 | 878 | ||||||||||||
900 | Citigroup/Deutsche Bank Commercial Mortgage Trust, Series 2006-CD2, Class AM (a) | 5.35 | 1/15/46 | 983 | ||||||||||||
1,240 | CS First Boston Mortgage Securities Corp., Series 2004-C1, Class B | 4.86 | 1/15/37 | 1,280 | ||||||||||||
1,174 | CS First Boston Mortgage Securities Corp., Series 2005-C6, Class A4 (a) | 5.23 | 10/15/15 | 1,292 | ||||||||||||
860 | Greenwich Capital Commercial Funding Corp., Series 2005-GG5, Class AM (a) | 5.28 | 4/10/37 | 931 | ||||||||||||
1,745 | JPMorgan Chase Commercial Mortgage Securities Corp., Series 2006-CB17, Class A4 | 5.43 | 12/12/43 | 1,991 | ||||||||||||
690 | JPMorgan Chase Commercial Mortgage Securities Corp., Series 2006-LDP8, Class A3A | 5.39 | 5/15/45 | 702 | ||||||||||||
423 | JPMorgan Chase Commercial Mortgage Securities Corp., Series 2007-CB18, Class A3 | 5.45 | 6/12/47 | 437 | ||||||||||||
115 | LB-UBS Commercial Mortgage Trust, Series 2006-C7, Class AM | 5.38 | 10/15/16 | 128 | ||||||||||||
860 | Merrill Lynch Mortgage Trust, Series 2007-C1, Class A3 (a) | 6.04 | 11/12/16 | 915 |
See accompanying notes to financial statements.
147
HC CAPITAL TRUST
The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio
Portfolio of Investments (concluded) — December 31, 2012 (Unaudited)
Shares or Principal Amount (000) | Rate % | Maturity Date | Value (000) | |||||||||||||
Collateralized Mortgage Obligations (continued) | ||||||||||||||||
$1,745 | Morgan Stanley Capital I, Series 2007-HQ11, Class A4 (a) | 5.45 | 2/12/44 | $ | 2,017 | |||||||||||
1,310 | Morgan Stanley Capital I, Series 2007-IQ15, Class A4 (a) | 6.08 | 7/11/17 | 1,540 | ||||||||||||
1,745 | Wachovia Bank Commercial Mortgage Trust, Series 2007-C33, Class A4 (a) | 5.92 | 7/15/17 | 2,047 | ||||||||||||
Total Collateralized Mortgage Obligations | 15,141 | |||||||||||||||
Mutual Fund — 0.08% | ||||||||||||||||
193,013 | SSgA U.S. Government Money Market Fund (d) | 0.00 | 193 | |||||||||||||
Total Mutual Fund | 193 | |||||||||||||||
Total Investments Before TBA Sale Commitments (cost $274,632) — 116.18% | 281,488 | |||||||||||||||
TBA Sale Commitments (e) — (10.36)% | ||||||||||||||||
$(5,900) | Fannie Mae, 30 YR TBA | 3.50 | 1/25/42 | (6,290) | ||||||||||||
(4,500) | Fannie Mae, 30 YR TBA | 5.50 | 1/25/43 | (4,889) | ||||||||||||
(9,900) | Fannie Mae, 30 YR TBA | 6.00 | 1/25/43 | (10,813) | ||||||||||||
(2,800) | Freddie Mac, Gold 30 YR TBA | 4.50 | 1/15/43 | (3,004) | ||||||||||||
(100) | Government National Mortgage Association, 30 YR TBA | 6.00 | 1/15/43 | (112) | ||||||||||||
Total TBA Sale Commitments | (25,108) | |||||||||||||||
Liabilities in excess of other assets — (5.82)% | (14,093) | |||||||||||||||
Net Assets — 100.00% | $ | 242,287 |
(a) | Variable Rate Security. The rate reflected is the rate in effect on December 31, 2012. |
(b) | Rate disclosed represents effective yield at purchase. |
(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) | The rate disclosed is the rate in effect on December 31, 2012. |
(e) | Represents a “to-be-announced” transaction. The Portfolio has committed to sell securities for which all specific information is not available at this time. (See Note 2 in the Notes to Financial Statements). |
TBA — Security is subject to delayed delivery.
See accompanying notes to financial statements.
148
HC CAPITAL TRUST
The Short-Term Municipal Bond Portfolio
Portfolio of Investments — December 31, 2012 (Unaudited)
Principal Amount (000) | Rate % | Maturity Date | Value (000) | |||||||||||||
Municipal Bonds — 91.75% | ||||||||||||||||
Arizona — 7.10% | ||||||||||||||||
$ 650 | Arizona State Transportation Board Grant Anticipation Notes, Revenue, Series A | 5.00 | 7/1/17 | $ | 762 | |||||||||||
1,000 | Phoenix Arizona Civic Improvement Corp. Excise Tax Revenue, Senior Lien, Series A | 3.00 | 7/1/15 | 1,060 | ||||||||||||
1,822 | ||||||||||||||||
California — 3.27% | ||||||||||||||||
765 | California State, GO | 5.00 | 4/1/15 | 838 | ||||||||||||
Colorado — 2.14% | ||||||||||||||||
500 | Colorado Springs Co. Utilities Revenue, Series C-1 | 4.00 | 11/15/15 | 548 | ||||||||||||
Delaware — 2.78% | ||||||||||||||||
670 | New Castle County Delaware, Series A, GO | 3.00 | 7/15/15 | 714 | ||||||||||||
Florida — 3.82% | ||||||||||||||||
500 | JEA Florida Electric System Revenue, Series 3-D-1 | 3.00 | 10/1/14 | 522 | ||||||||||||
255 | Port St. Lucie Florida Utility Revenue (NATL-RE) | 5.00 | 9/1/16 | 289 | ||||||||||||
150 | Tallahassee Florida Energy System Revenue | 5.00 | 10/1/16 | 170 | ||||||||||||
981 | ||||||||||||||||
Illinois — 11.63% | ||||||||||||||||
755 | Cook County Township Illinois High School District #211 Palatine/Schaumburg, GO | 1.00 | 12/1/14 | 762 | ||||||||||||
500 | Kane County Illinois Forest Preserve District, GO | 4.00 | 12/15/15 | 549 | ||||||||||||
310 | Lake County Illinois Adlai E. Stevenson High School District No. 125 Prairie, GO, Prerefunded 1/1/15 @ 100.00 | 5.00 | 1/1/19 | 338 | ||||||||||||
90 | Lake County Illinois Adlai E. Stevenson High School District No. 125 Prairie, GO, Callable 1/1/15 @ 100.00 | 5.00 | 1/1/19 | 97 | ||||||||||||
650 | Naperville Illinois, GO | 2.00 | 12/1/13 | 661 | ||||||||||||
500 | Regional Transportation Authority Revenue (AGM/GO of Authority) | 5.75 | 6/1/16 | 579 | ||||||||||||
2,986 | ||||||||||||||||
Kentucky — 2.63% | ||||||||||||||||
650 | Kentucky State Property & Buildings Commission Revenues, Series A | 5.00 | 11/1/13 | 675 | ||||||||||||
Michigan — 8.23% | ||||||||||||||||
400 | Grand Rapids Michigan Water Supply System Revenue | 4.00 | 1/1/15 | 427 | ||||||||||||
500 | Michigan State Trunk Line Revenue (NATL-RE/FGIC) | 5.25 | 11/1/15 | 563 | ||||||||||||
1,000 | Michigan State, Series A, GO | 4.00 | 11/1/16 | 1,122 | ||||||||||||
2,112 | ||||||||||||||||
Nebraska — 4.08% | ||||||||||||||||
1,000 | Nebraska Public Power District Revenue, Series A (NATL-RE/FGIC) | 5.00 | 1/1/14 | 1,047 | ||||||||||||
New Hampshire — 0.99% | ||||||||||||||||
250 | Portsmouth New Hampshire, GO | 2.00 | 9/15/13 | 253 | ||||||||||||
New Jersey — 2.40% | ||||||||||||||||
600 | West Windsor-Plainsboro New Jersey Regional School District, GO (School Bond Reserve Fund) | 3.00 | 12/1/13 | 615 | ||||||||||||
New Mexico — 2.32% | ||||||||||||||||
500 | New Mexico Finance Authority State Transportation Revenue, Series A-2 | 5.00 | 12/15/17 | 596 | ||||||||||||
New York — 8.94% | ||||||||||||||||
500 | Berne-Knox-Westerlo New York Central School District, GO (State Aid Withholding) | 2.00 | 12/15/13 | 507 | ||||||||||||
1,500 | New York City Transitional Finance Authority Revenue, Series D | 5.00 | 11/1/17 | 1,788 | ||||||||||||
2,295 | ||||||||||||||||
North Carolina — 1.64% | ||||||||||||||||
400 | North Carolina State Turnpike Authority Monroe Connector System Appropriation Revenue | 4.00 | 7/1/14 | 420 |
See accompanying notes to financial statements.
149
HC CAPITAL TRUST
The Short-Term Municipal Bond Portfolio
Portfolio of Investments (concluded) — December 31, 2012 (Unaudited)
Shares or Principal Amount (000) | Rate % | Maturity Date | Value (000) | |||||||||||||
Municipal Bonds (continued) | ||||||||||||||||
Ohio — 3.03% | ||||||||||||||||
$730 | Ohio State, GO | 3.00 | 11/1/15 | $ | 778 | |||||||||||
South Carolina — 2.58% | ||||||||||||||||
650 | Anderson South Carolina Regional Joint Water System Revenue, Series A | 4.00 | 7/15/13 | 662 | ||||||||||||
Texas — 16.72% | ||||||||||||||||
735 | Austin Texas Independent School District, Series A, GO | 3.00 | 8/1/14 | 766 | ||||||||||||
745 | College Station Texas, GO | 5.00 | 2/15/16 | 843 | ||||||||||||
310 | League City Texas, Series A, GO | 4.00 | 2/15/15 | 331 | ||||||||||||
500 | Tarrant County Texas, GO | 3.00 | 7/15/13 | 507 | ||||||||||||
1,285 | Texas State University Systems Financing Revenue, Series A | 4.00 | 3/15/14 | 1,341 | ||||||||||||
500 | Texas Tech University Revenue, Financing System, Series 9 (AMBAC) | 5.00 | 2/15/13 | 503 | ||||||||||||
4,291 | ||||||||||||||||
Washington — 3.48% | ||||||||||||||||
800 | Washington State Health Care Facilities Authority, Catholic Health, Revenue, Series A | 5.00 | 2/1/16 | 894 | ||||||||||||
Wisconsin — 3.97% | ||||||||||||||||
500 | Milwaukee Wisconsin, Series B-6, GO, Callable 10/1/13 @ 100.00 | 5.00 | 10/1/14 | 517 | ||||||||||||
500 | River Falls Wisconsin School District, Series A, GO | 2.00 | 4/1/13 | 502 | ||||||||||||
1,019 | ||||||||||||||||
Total Municipal Bonds | 23,546 | |||||||||||||||
Mutual Fund — 7.24% | ||||||||||||||||
1,859,095 | State Street Institutional Tax Free Money Market Fund, Institutional Shares (a) | 0.00 | 1,859 | |||||||||||||
Total Mutual Fund | 1,859 | |||||||||||||||
Total Investments (cost $24,834) — 98.99% | 25,405 | |||||||||||||||
Other assets in excess of liabilities — 1.01% | 258 | |||||||||||||||
Net Assets — 100.00% | $ | 25,663 |
(a) | The rate disclosed is the rate in effect on December 31, 2012. |
AGM — Assured Guaranty Municipal Corporation
AMBAC — American Municipal Bond Assurance Corporation
FGIC — Financial Guaranty Insurance Company
GO — General Obligation
NATL-RE — Reinsurance provided by National Reinsurance
See accompanying notes to financial statements.
150
HC CAPITAL TRUST
The Intermediate Term Municipal Bond Portfolio
Portfolio of Investments — December 31, 2012 (Unaudited)
Principal Amount (000) | Rate % | Maturity Date | Value (000) | |||||||||||||
Municipal Bonds — 100.64 % | ||||||||||||||||
Alabama — 1.86% | ||||||||||||||||
$1,500 | Alabama State Public School & College Authority Revenue, Series A | 5.00 | 5/1/18 | $ | 1,786 | |||||||||||
2,500 | Birmingham Alabama Waterworks Board Water Revenue, Series A, Callable 1/1/19 @ 100.00 (Assured GTY) | 5.00 | 1/1/21 | 2,884 | ||||||||||||
2,920 | Birmingham Alabama Waterworks Board Water Revenue, Series A, Callable 1/1/19 @ 100.00 (Assured GTY) | 5.00 | 1/1/22 | 3,350 | ||||||||||||
8,020 | ||||||||||||||||
Alaska — 0.63 % | ||||||||||||||||
2,265 | Alaska Industrial Development & Export Authority Revenue, Revolving Fund, Series A, Callable 4/1/20 @ 100.00 (GO of Authority) | 5.25 | 4/1/22 | 2,720 | ||||||||||||
Arizona — 1.68 % | ||||||||||||||||
250 | Oro Valley Arizona Oracle Road Improvement District | 5.00 | 1/1/13 | 250 | ||||||||||||
2,000 | Pima County Arizona Sewer System Revenue, Callable 7/1/20 @ 100.00 (AGM) | 5.00 | 7/1/23 | 2,399 | ||||||||||||
1,895 | Pinal County Arizona Certificates of Participation | 5.00 | 12/1/14 | 2,009 | ||||||||||||
2,420 | Pinal County Arizona Certificates of Participation | 5.25 | 12/1/15 | 2,592 | ||||||||||||
7,250 | ||||||||||||||||
Arkansas — 0.17 % | ||||||||||||||||
515 | Arkansas State, Development Authority Economic Development Revenue, Series B, AMT, Unrefunded (ADFA/ADED) | 4.25 | 3/1/13 | 517 | ||||||||||||
15 | Arkansas State, Development Authority Economic Development Revenue, Series B, AMT, ETM (ADFA/ADED) | 4.25 | 3/1/13 | 15 | ||||||||||||
185 | Fayetteville Arkansas Sales & Use Tax Revenue, Capital Improvements, Series B (MBIA) | 4.00 | 12/1/15 | 190 | ||||||||||||
722 | ||||||||||||||||
California — 14.33 % | ||||||||||||||||
4,400 | California State Department of Water Resources Revenue, Central Valley Project, Callable 2/8/13 @ 100.00 | 5.25 | 7/1/22 | 4,410 | ||||||||||||
5,000 | California State Economic Recovery, Series A, GO, Callable 7/1/19 @ 100.00 | 5.00 | 7/1/20 | 6,079 | ||||||||||||
3,200 | California State Kindergarten, Series A4, GO (Citibank NA) (a) | 0.10 | 5/1/34 | 3,200 | ||||||||||||
1,000 | California State Public Works Board Lease Revenue, Department of Forestry & Fire, Series E | 5.00 | 11/1/22 | 1,116 | ||||||||||||
5,000 | California State, GO, Callable 10/1/19 @ 100.00 | 5.25 | 10/1/20 | 6,162 | ||||||||||||
5,000 | California State, GO, Callable 4/1/19 @ 100.00 | 5.50 | 4/1/21 | 6,171 | ||||||||||||
765 | California Statewide Communities Development Authority, Multi-Family, Pioneer Park, Series T, AMT (GNMA) | 6.10 | 12/20/20 | 766 | ||||||||||||
2,792 | Knightsen School District Lease Certificates California, Flexfund Program (b) | 4.75 | 12/1/27 | 2,897 | ||||||||||||
1,650 | Los Angeles California Department of Water & Power System Revenue, Series A | 5.00 | 7/1/21 | 2,080 | ||||||||||||
4,200 | Los Angeles California Harbor Department Revenue, Series B, AMT (NATL-RE/FGIC) | 5.00 | 8/1/16 | 4,771 | ||||||||||||
5,000 | Los Angeles California Harbor Department Revenue, Series C, Callable 8/1/19 @ 100.00 | 5.25 | 8/1/22 | 6,124 | ||||||||||||
5,000 | Orange County California Sanitation District Wastewater Revenue, Series A | 5.00 | 2/1/22 | 6,368 | ||||||||||||
2,500 | San Francisco Bay Area California Toll Authority Toll Bridge Revenue | 5.00 | 4/1/22 | 3,154 | ||||||||||||
3,500 | San Francisco California City & County Airports Commission International Terminal Revenue, AMT | 5.25 | 5/1/18 | 4,122 | ||||||||||||
1,350 | Stockton California Unified School District, GO, Callable 7/1/22 @ 100.00 (AGM) | 5.00 | 7/1/24 | 1,546 | ||||||||||||
2,500 | University of California Revenue, Series Q, Callable 5/15/17 @ 101.00 | 5.25 | 5/15/23 | 2,953 | ||||||||||||
61,919 |
See accompanying notes to financial statements.
151
HC CAPITAL TRUST
The Intermediate Term Municipal Bond Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Principal Amount (000) | Rate % | Maturity Date | Value (000) | |||||||||||||
Municipal Bonds (continued) | ||||||||||||||||
Connecticut — 0.65 % | ||||||||||||||||
$2,420 | Connecticut State Special Tax Obligation Revenue, Transportation Infrastructure | 5.00 | 1/1/17 | $ | 2,796 | |||||||||||
Delaware — 0.28 % | ||||||||||||||||
1,165 | Delaware State Housing Authority Revenue, Single Family Mortgage, Series A, AMT (AGM) | 5.80 | 7/1/35 | 1,227 | ||||||||||||
Florida — 11.17 % | ||||||||||||||||
5,000 | Citizens Property Insurance Corp. Florida Revenue, Series A-1 | 6.00 | 6/1/16 | 5,765 | ||||||||||||
3,000 | Citizens Property Insurance Corp. Florida Revenue, Series A-1 | 5.25 | 6/1/17 | 3,467 | ||||||||||||
2,000 | Citizens Property Insurance Corp. Florida Revenue, Series A-1 | 5.00 | 6/1/19 | 2,342 | ||||||||||||
2,795 | Clearwater Florida Water & Sewer Revenue, Series B | 5.00 | 12/1/17 | 3,229 | ||||||||||||
1,100 | Escambia County Florida Housing Finance Authority, Single Family Mortgage Revenue (FHLMC/GNMA/FNMA) | 4.63 | 10/1/28 | 1,167 | ||||||||||||
2,000 | Florida Hurricane Catastrophe Fund Finance Corp. Revenue, Series A | 5.00 | 7/1/16 | 2,269 | ||||||||||||
2,000 | Florida State Municipal Power Agency Revenue, Series A, Callable 10/1/19 @ 100.00 | 5.25 | 10/1/22 | 2,338 | ||||||||||||
3,180 | Greater Orlando Aviation Authority, Florida Airport Facilities Revenue, Series A, AMT (AGM) | 5.00 | 10/1/15 | 3,531 | ||||||||||||
2,245 | Hillsborough County Florida Solid Waste & Resource Recovery Revenue, Series A, AMT, Callable 9/1/16 @ 100.00 (AMBAC) | 5.00 | 9/1/18 | 2,429 | ||||||||||||
4,475 | Hillsborough County Port District Revenue, Tampa Port Authority Project, Series A, AMT, Callable 6/1/15 @ 100.00 (NATL-RE) | 5.00 | 6/1/19 | 4,807 | ||||||||||||
1,000 | Lakeland Florida Electric & Water Revenue, ETM | 5.75 | 10/1/19 | 1,096 | ||||||||||||
4,700 | Lakeland Florida Energy System Revenue, Series B (AGM) | 5.00 | 10/1/17 | 5,467 | ||||||||||||
4,240 | Miami-Dade County Florida Transit Sales Surtax Revenue, Series A (Assured GTY) | 5.00 | 7/1/15 | 4,699 | ||||||||||||
3,250 | Orlando & Orange County Expressway Authority Revenue, Series B | 5.00 | 7/1/17 | 3,771 | ||||||||||||
1,700 | Orlando Florida Utilities Commission Utility System Revenue | 5.00 | 10/1/15 | 1,907 | ||||||||||||
48,284 | ||||||||||||||||
Georgia — 3.75 % | ||||||||||||||||
3,650 | Atlanta Georgia Water & Wastewater Revenue, Series A, Callable 11/1/19 @ 100.00 | 6.00 | 11/1/21 | 4,673 | ||||||||||||
5,000 | DeKalb County Georgia School District, Sales Tax, GO (State Aid Withholding) | 4.00 | 11/1/17 | 5,710 | ||||||||||||
2,500 | Georgia Private Colleges & Universities Authority Revenue, Emory University, Series A | 5.00 | 9/1/16 | 2,880 | ||||||||||||
1,000 | Municipal Electric Authority of Georgia Revenue, Series D, SUB, Callable 7/1/18 @ 100.00 | 5.75 | 1/1/19 | 1,222 | ||||||||||||
1,500 | Savannah Georgia Economic Development Authority Solid Waste Disposal Revenue, Waste Management Project, Series A, AMT | 5.50 | 7/1/16 | 1,707 | ||||||||||||
16,192 | ||||||||||||||||
Hawaii — 1.58 % | ||||||||||||||||
6,100 | Hawaii State Airports System Revenue, Series B, AMT | 5.00 | 7/1/16 | 6,832 | ||||||||||||
Idaho — 0.45 % | ||||||||||||||||
1,610 | Idaho Housing & Finance Association, Single Family Mortgage Revenue, Series B, Class III, AMT | 5.40 | 7/1/28 | 1,680 | ||||||||||||
260 | Idaho Housing & Finance Association, Single Family Mortgage Revenue, Series E, Class III, AMT | 5.30 | 1/1/22 | 260 | ||||||||||||
1,940 | ||||||||||||||||
Illinois — 2.99 % | ||||||||||||||||
2,820 | Chicago Illinois Certificates of Participation, Tax Increment Allocation Revenue, Diversey/Narragansett Project, Series NT, Callable 2/7/13 @ 100.00 (b) | 7.46 | 2/15/26 | 2,247 | ||||||||||||
2,500 | Chicago Illinois, Series A, GO, Callable 1/1/15 @ 100.00 (AGM) | 5.00 | 1/1/17 | 2,697 | ||||||||||||
725 | Illinois State Educational Facilities Authority Revenue (c) | 5.20 | 7/1/14 | 677 |
See accompanying notes to financial statements.
152
HC CAPITAL TRUST
The Intermediate Term Municipal Bond Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Principal Amount (000) | Rate % | Maturity Date | Value (000) | |||||||||||||
Municipal Bonds (continued) | ||||||||||||||||
Illinois — 2.99 % | ||||||||||||||||
$380 | Illinois State Educational Facilities Authority Revenue, Art Institute of Chicago, Mandatory Put 3/1/14 @ 100.00 (a) | 4.25 | 3/1/34 | $ | 395 | |||||||||||
2,000 | Illinois State Toll Highway Authority Toll Highway Revenue, Series A-1, Callable 1/1/20 @ 100.00 | 5.00 | 1/1/25 | 2,278 | ||||||||||||
2,500 | Illinois State Unemployment Insurance Fund Building Receipts Revenue, Series B, Callable 6/15/15 @ 100.00 | 5.00 | 6/15/19 | 2,751 | ||||||||||||
1,000 | Railsplitter Tobacco Settlement Authority Illinois Revenue | 5.00 | 6/1/17 | 1,139 | ||||||||||||
340 | Rockford-Concord Commons Housing Finance Corp. Illinois Mortgage Revenue, Concord Commons Project, Series A (FHA) | 6.15 | 11/1/22 | 340 | ||||||||||||
300 | Round Lake Beach Illinois Tax Increment Revenue | 4.65 | 12/15/13 | 301 | ||||||||||||
100 | Upper Illinois River Valley Development Authority, Solid Waste Disposal Revenue, AMT (b) | 5.90 | 2/1/14 | 100 | ||||||||||||
12,925 | ||||||||||||||||
Indiana — 2.03 % | ||||||||||||||||
2,000 | Indiana State Finance Authority Environmental Facilities Revenue, Indianapolis Power & Light Co., Series C | 4.90 | 1/1/16 | 2,187 | ||||||||||||
2,500 | Indiana State Finance Authority Industrial Revenue, Midwest Fertilizer Corp. Project, Mandatory Put 7/1/13 @ 100.00 | 0.20 | 7/1/46 | 2,500 | ||||||||||||
1,655 | Indianapolis Indiana Thermal Energy System Revenue (AGM) | 5.00 | 10/1/17 | 1,890 | ||||||||||||
2,000 | Shelbyville Indiana Central Renovation School Building Corp. Revenue, First Mortgage (MBIA) | 5.00 | 7/15/18 | 2,180 | ||||||||||||
8,757 | ||||||||||||||||
Iowa — 0.92 % | ||||||||||||||||
4,000 | Iowa State Finance Authority Midwestern Disaster Area Revenue, Iowa Fertilizer Co. Project, Mandatory Put 4/12/13 @ 100.00 | 0.18 | 12/1/50 | 4,000 | ||||||||||||
Louisiana — 0.22 % | ||||||||||||||||
945 | Louisiana Housing Financial Agency Mortgage Revenue, Multi-Family Section 8-202, Project A (HUD/FHA) | 4.25 | 12/1/14 | 950 | ||||||||||||
Maryland — 6.71 % | ||||||||||||||||
7,000 | Baltimore County Maryland, Consolidated Public Improvement, GO | 5.00 | 8/1/16 | 8,064 | ||||||||||||
5,000 | Baltimore County Maryland, Consolidated Public Improvement, GO | 5.00 | 8/1/19 | 6,219 | ||||||||||||
10,000 | Montgomery County Maryland, Consolidated Public Improvement, Series A, GO | 5.00 | 11/1/16 | 11,620 | ||||||||||||
635 | Morgan State University Maryland Academic & Auxiliary Fees Revenue (MBIA) | 6.05 | 7/1/15 | 682 | ||||||||||||
2,000 | Washington Maryland Suburban Sanitary District, Consolidated Public Improvement, GO | 5.00 | 6/1/18 | 2,428 | ||||||||||||
29,013 | ||||||||||||||||
Massachusetts — 8.99 % | ||||||||||||||||
3,000 | Massachusetts Bay Transportation Authority, Sales Tax Revenue, Series C | 5.50 | 7/1/15 | 3,372 | ||||||||||||
3,405 | Massachusetts State College Building Authority Revenue, Series C | 4.00 | 5/1/16 | 3,775 | ||||||||||||
2,315 | Massachusetts State Development Finance Agency Revenue, Bentley University, Callable 7/1/20 @ 100.00 | 5.00 | 7/1/21 | 2,684 | ||||||||||||
2,180 | Massachusetts State Development Finance Agency Revenue, Bentley University, Callable 7/1/20 @ 100.00 | 5.00 | 7/1/22 | 2,500 | ||||||||||||
2,920 | Massachusetts State Development Finance Agency Revenue, Tufts Medical Center, Inc., Series I | 5.25 | 1/1/21 | 3,440 | ||||||||||||
1,390 | Massachusetts State Health & Educational Facilities Authority Revenue, Massachusetts Eye & Ear Infirmary, Series C | 5.00 | 7/1/18 | 1,570 | ||||||||||||
1,250 | Massachusetts State Health & Educational Facilities Authority Revenue, Massachusetts Eye & Ear Infirmary, Series C | 5.00 | 7/1/19 | 1,416 |
See accompanying notes to financial statements.
153
HC CAPITAL TRUST
The Intermediate Term Municipal Bond Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Principal Amount (000) | Rate % | Maturity Date | Value (000) | |||||||||||||
Municipal Bonds (continued) | ||||||||||||||||
Massachusetts (continued) | ||||||||||||||||
$4,170 | Massachusetts State Health & Educational Facilities Authority Revenue, Northeastern University, Series A | 5.00 | 10/1/17 | $ | 4,869 | |||||||||||
6,800 | Massachusetts State Health & Educational Facilities Authority Revenue, Stonehill College, Series K (JPMorgan Chase Bank NA) (a) | 0.12 | 7/1/37 | 6,800 | ||||||||||||
2,000 | Massachusetts State School Building Authority Sales Tax Revenue, Series B | 5.00 | 10/15/16 | 2,319 | ||||||||||||
5,000 | Massachusetts State School Building Authority Sales Tax Revenue, Series B | 5.00 | 10/15/18 | 6,099 | ||||||||||||
38,844 | ||||||||||||||||
Michigan — 4.80 % | ||||||||||||||||
1,440 | Detroit Michigan Water Supply System Revenue, Senior Lien, Series B, Callable 7/1/16 @ 100.00 (NATL-RE) | 5.00 | 7/1/18 | 1,578 | ||||||||||||
1,200 | Kent Hospital Finance Authority Revenue, Spectrum Health Hospitals, Series A | 5.00 | 11/15/16 | 1,370 | ||||||||||||
6,000 | Michigan State Finance Authority Revenue, Series B, Callable 7/1/18 @ 100.00 | 5.00 | 7/1/21 | 7,152 | ||||||||||||
2,500 | Michigan State Finance Authority Revenue, State Revolving Fund, Clean Water | 5.00 | 10/1/17 | 2,968 | ||||||||||||
565 | Michigan State Hospital Finance Authority Revenue, Series P, ETM (MBIA) | 5.38 | 8/15/14 | 590 | ||||||||||||
65 | Michigan State Hospital Finance Authority Revenue, St. John Hospital, Series A, ETM (MBIA-IBC) | 6.00 | 5/15/13 | 66 | ||||||||||||
2,000 | Michigan State, Series A, GO | 5.00 | 11/1/19 | 2,473 | ||||||||||||
1,665 | Wayne County Michigan Airport Authority Revenue, Detroit Metropolitan Airport, Junior Lien, AMT, Callable 12/1/17 @ 100.00 (NATL-RE/FGIC) | 5.00 | 12/1/22 | 1,842 | ||||||||||||
2,500 | Wayne County Michigan Airport Authority Revenue, Detroit Metropolitan Airport, Series A, AMT | 5.00 | 12/1/14 | 2,690 | ||||||||||||
20,729 | ||||||||||||||||
Missouri — 1.58 % | ||||||||||||||||
5,000 | Missouri State Highways & Transit Commission State Road Revenue, Callable 5/1/17 @ 100.00 | 5.25 | 5/1/21 | 5,883 | ||||||||||||
960 | Missouri State Housing Development Commission Single-Family Mortgage Revenue, Home Ownership Loan Program, Series D, AMT (GNMA/FNMA) | 5.55 | 9/1/34 | 966 | ||||||||||||
6,849 | ||||||||||||||||
Nebraska — 0.15 % | ||||||||||||||||
1,000 | Nebraska Educational Finance Authority Revenue, Dana College, Series A, Callable 2/8/13 @ 101.00 (d) | (e) | 5.50 | 3/15/25 | 300 | |||||||||||
475 | Nebraska Educational Finance Authority Revenue, Dana College, Series D (d) | (e) | 5.45 | 3/15/30 | 143 | |||||||||||
765 | Nebraska Educational Finance Authority Revenue, Dana College, Series D (d) | (e) | 5.55 | 3/15/35 | 229 | |||||||||||
672 | ||||||||||||||||
New Jersey — 1.91 % | ||||||||||||||||
1,250 | New Jersey State Transportation Trust Fund Authority, Transportation System Revenue, Series B, Callable 12/15/15 @ 100.00 (NATL-RE/FGIC) | 5.25 | 12/15/18 | 1,396 | ||||||||||||
3,830 | Casino Reinvestment Development Authority, New Jersey Revenue, Series A (MBIA) | 5.00 | 6/1/16 | 4,091 | ||||||||||||
2,500 | New Jersey Economic Development Authority Revenue, School Facilities Construction, Series N-1, Callable 9/1/15 @ 100.00 (NATL-RE) | 5.00 | 9/1/18 | 2,753 | ||||||||||||
8,240 | ||||||||||||||||
New York — 7.60 % | ||||||||||||||||
1,435 | Metropolitan Transportation Authority Revenue, Series A-2 | 5.00 | 11/15/16 | 1,650 | ||||||||||||
2,000 | Metropolitan Transportation Authority Revenue, Series G | 5.00 | 11/15/17 | 2,351 | ||||||||||||
2,500 | New York City Health & Hospital Corp. Revenue, Health System, Series A, Callable 2/15/20 @ 100.00 (GO of Corp.) | 5.00 | 2/15/22 | 2,900 | ||||||||||||
5,915 | New York NY, Series D, GO | 5.00 | 8/1/17 | 6,953 | ||||||||||||
1,700 | New York NY, Sub Series A-7, GO (JPMorgan Chase Bank NA) (a) | 0.12 | 8/1/21 | 1,700 |
See accompanying notes to financial statements.
154
HC CAPITAL TRUST
The Intermediate Term Municipal Bond Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Principal Amount (000) | Rate % | Maturity Date | Value (000) | |||||||||||||
Municipal Bonds (continued) | ||||||||||||||||
New York (continued) | ||||||||||||||||
$2,500 | New York NY, Sub Series B-3, GO (JPMorgan Chase Bank NA) (a) | 0.12 | 8/15/18 | $ | 2,500 | |||||||||||
2,500 | New York State Dormitory Authority Revenue, State Supported Debt, University of Rochester, Series A (JPMorgan Chase Bank NA) (a) | 0.12 | 7/1/31 | 2,500 | ||||||||||||
165 | New York State Housing Finance Agency Revenue, Multi-Family Housing, Northfield Apartment, Series A (SONYMA) | 4.30 | 8/15/14 | 169 | ||||||||||||
845 | New York State Housing Finance Agency Revenue, St. Philips Housing, Series A (FNMA) | 4.05 | 11/15/16 | 873 | ||||||||||||
3,250 | New York State, Series B, GO | 5.00 | 8/1/17 | 3,820 | ||||||||||||
3,020 | New York State, Series E, GO, Callable 8/1/19 @ 100.00 | 5.00 | 8/1/21 | 3,660 | ||||||||||||
3,000 | Port Authority of New York & New Jersey NY Revenue, Consolidated 175th Series | 5.00 | 12/1/17 | 3,570 | ||||||||||||
200 | Triborough Bridge & Tunnel Authority New York Revenue, General Purposes, Series A (GO of Authority) | 5.20 | 1/1/20 | 218 | ||||||||||||
32,864 | ||||||||||||||||
Ohio — 3.43 % | ||||||||||||||||
6,535 | Kent State University Revenue, Series B, Callable 5/1/19 @ 100.00 (Assured GTY) | 5.00 | 5/1/22 | 7,745 | ||||||||||||
990 | Mahoning County Ohio Hospital Facilities Revenue, Western Reserve Care System, ETM (MBIA) | 5.50 | 10/15/25 | 1,246 | ||||||||||||
2,500 | Montgomery County Ohio Revenue, Miami Valley Hospital, Series A, Callable 11/15/20 @ 100.00 | 5.75 | 11/15/22 | 3,051 | ||||||||||||
250 | Ohio State Higher Education Facility Revenue, Kenyon College Project, Callable 7/1/15 @ 100.00 (a) | 4.95 | 7/1/37 | 269 | ||||||||||||
2,205 | Ohio State Water Development Authority Revenue, Fresh Water, Series B | 5.00 | 6/1/16 | 2,524 | ||||||||||||
14,835 | ||||||||||||||||
Pennsylvania — 7.49 % | ||||||||||||||||
20 | McKeesport Pennsylvania Area School District, Series C, GO, ETM (AGM) | 5.00 | 4/1/13 | 20 | ||||||||||||
1,230 | Montgomery County Pennsylvania Industrial Development Authority Revenue, Acts Retirement-Life Communities, Inc., Series B, Callable 11/15/16 @ 100.00 | 5.00 | 11/15/17 | 1,382 | ||||||||||||
2,500 | Pennsylvania Intergovernmental Cooperative Authority, Special Tax Revenue | 5.00 | 6/15/18 | 2,986 | ||||||||||||
3,500 | Pennsylvania State Economic Development Finance Authority, Unemployement Compensation Revenue, Series B, Callable 7/1/17 @ 100.00 | 5.00 | 1/1/22 | 4,093 | ||||||||||||
2,960 | Pennsylvania State Economic Development Finance Authority, Unemployment Compensation Revenue, Series B, Callable 1/1/18 @ 100.00 | 5.00 | 7/1/21 | 3,503 | ||||||||||||
240 | Pennsylvania State Higher Educational Facilities Authority Revenue, Allegheny Delaware Valley Obligation Group, Series A (NATL-RE) | 5.88 | 11/15/16 | 240 | ||||||||||||
1,000 | Pennsylvania State Higher Educational Facilities Authority Revenue, St. Joseph's University (RADIAN) | 5.25 | 12/15/18 | 1,013 | ||||||||||||
5,000 | Pennsylvania State Higher Educational Facilities Authority Revenue, University of Pennsylvania, Series A | 5.00 | 9/1/17 | 5,921 | ||||||||||||
2,530 | Pennsylvania State, GO | 5.00 | 7/1/18 | 3,055 | ||||||||||||
950 | Philadelphia Pennsylvania Municipal Authority Revenue, Series B (AGM) | 5.25 | 11/15/15 | 987 | ||||||||||||
2,500 | Philadelphia Pennsylvania School District, Series C, GO (State Aid Withholding) | 5.00 | 9/1/14 | 2,671 | ||||||||||||
3,650 | Philadelphia Pennsylvania Water & Wastewater Revenue, Series A | 5.00 | 6/15/15 | 4,015 | ||||||||||||
2,000 | University of Pittsburgh Revenue, Commonwealth Systems of Higher Education, Series B, Callable 3/15/19 @ 100.00 (GO of University) | 5.50 | 9/15/21 | 2,466 | ||||||||||||
32,352 |
See accompanying notes to financial statements.
155
HC CAPITAL TRUST
The Intermediate Term Municipal Bond Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Principal Amount (000) | Rate % | Maturity Date | Value (000) | |||||||||||||
Municipal Bonds (continued) | ||||||||||||||||
Puerto Rico — 0.59 % | ||||||||||||||||
$2,500 | Puerto Rico Electric Power Authority Power Revenue, Series DDD, Callable 7/1/20 @ 100.00 | 5.00 | 7/1/22 | $ | 2,550 | |||||||||||
South Carolina — 0.96 % | ||||||||||||||||
3,500 | Piedmont Municipal Power Agency Electric Revenue, Series A-2, Callable 1/1/21 @ 100.00 | 5.00 | 1/1/22 | 4,136 | ||||||||||||
South Dakota — 0.07 % | ||||||||||||||||
280 | Heartland Consumers Power District South Dakota Electric Revenue, ETM | 6.38 | 1/1/16 | 304 | ||||||||||||
Texas — 8.59 % | ||||||||||||||||
1,650 | Allen Texas Independent School District, GO (PSF-GTD) | 5.00 | 2/15/21 | 2,072 | ||||||||||||
885 | Bexar County Texas Housing Finance Corp., Multi-Family Housing Revenue, Perkin Square Project, Series A-1 (GNMA) | 6.55 | 12/20/34 | 925 | ||||||||||||
6,400 | Dallas Texas, Series A, GO | 5.00 | 2/15/18 | 7,634 | ||||||||||||
5,000 | Fort Worth Texas Independent School District, GO, Callable 2/15/18 @ 100.00 (PSF-GTD) | 5.00 | 2/15/21 | 5,880 | ||||||||||||
3,275 | Fort Worth Texas Water & Sewer Revenue | 5.00 | 2/15/16 | 3,714 | ||||||||||||
2,000 | Houston Texas Hotel Occupancy Tax & Special Revenue, Series A | 5.00 | 9/1/20 | 2,333 | ||||||||||||
1,945 | Retama Texas Development Corp., Special Facilities Revenue, ETM | 10.00 | 12/15/17 | 2,769 | ||||||||||||
2,345 | Retama Texas Development Corp., Special Facilities Revenue, ETM | 8.75 | 12/15/18 | 3,352 | ||||||||||||
2,500 | San Antonio Texas Electricity & Gas Revenue, Series D | 5.00 | 2/1/18 | 2,999 | ||||||||||||
2,065 | Texas State College Student Loan, GO | 5.00 | 8/1/16 | 2,380 | ||||||||||||
2,500 | Texas State College Student Loan, GO, AMT | 5.50 | 8/1/19 | 3,085 | ||||||||||||
37,143 | ||||||||||||||||
Utah — 0.06 % | ||||||||||||||||
280 | Utah Housing Corp., Single Family Mortgage, Series D-2, Class III, SUB, AMT | 5.00 | 7/1/18 | 280 | ||||||||||||
Virginia — 0.78 % | ||||||||||||||||
3,050 | Virginia Beach Development Authority Public Facility Revenue, Series A | 5.00 | 5/1/15 | 3,353 | ||||||||||||
Washington — 3.78 % | ||||||||||||||||
1,500 | Energy Northwest Washington Electric Revenue, Columbia Station, Series A, Callable 7/1/16 @ 100.00 | 5.00 | 7/1/21 | 1,703 | ||||||||||||
3,500 | Energy Northwest Washington Electric Revenue, Columbia Station, Series A, Callable 7/1/16 @ 100.00 | 5.00 | 7/1/23 | 3,959 | ||||||||||||
3,500 | Energy Northwest Washington Electric Revenue, Project 3, Series A | 5.25 | 7/1/18 | 4,270 | ||||||||||||
1,710 | King County Washington Housing Authority Revenue, Vashon Community Center, Series A, SUB (GNMA) | 7.25 | 9/20/42 | 1,801 | ||||||||||||
1,875 | King County Washington Sewer Revenue, Series B | 5.00 | 1/1/17 | 2,175 | ||||||||||||
1,000 | Port of Seattle Washington, GO, AMT, Callable 6/1/21 @ 100.00 | 5.25 | 12/1/21 | 1,229 | ||||||||||||
1,000 | Washington State Health Care Facilities Authority Revenue, Providence Health & Services, Series B | 5.00 | 10/1/19 | 1,213 | ||||||||||||
16,350 | ||||||||||||||||
Wisconsin — 0.44 % | ||||||||||||||||
1,625 | Wisconsin State, Series 1, GO | 5.00 | 5/1/17 | 1,905 | ||||||||||||
Total Municipal Bonds | 434,953 |
See accompanying notes to financial statements.
156
HC CAPITAL TRUST
The Intermediate Term Municipal Bond Portfolio
Portfolio of Investments (concluded) — December 31, 2012 (Unaudited)
Principal Amount (000) | Rate % | Maturity Date | Value (000) | |||||||||||||
Corporate Bond — 0.0 % | ||||||||||||||||
Diversified Financial Services — 0.0 % | ||||||||||||||||
$3,939 | ASC Equipment (d)(f)^ | 5.13 | 3/1/08 | $ | — | |||||||||||
Total Corporate Bond | — | |||||||||||||||
Time Deposit — 0.91 % | ||||||||||||||||
3,921 | State Street Liquidity Management Control System Time Deposit | 0.01 | 1/2/13 | 3,921 | ||||||||||||
Total Time Deposit | 3,921 | |||||||||||||||
Total Investments (cost $420,320) — 101.55 % | 438,874 | |||||||||||||||
Liabilities in excess of other assets — (1.55) % | (6,697) | |||||||||||||||
Net Assets — 100.00 % | $ | 432,177 |
Amounts designated as “—” are $0 or have been rounded to $0.
^ | Security was fair valued on December 31, 2012, and represents a Level 2 security. Refer to Note 2 in the Notes to Financial Statements. |
(a) | Variable Rate Security. The rate reflected is the rate in effect on December 31, 2012. The maturity date represents actual maturity date. |
(b) | These securities have been deemed illiquid by the Specialist Manager and represent 1.21% of the Portfolio's net assets. |
(c) | Zero Coupon Security. Effective rate shown is as of December 31, 2012. |
(d) | Escrow security due to bankruptcy. |
(e) | Issuer has defaulted on the payment of interest. The securities have been deemed illiquid by the Specialist Manager and represent 0.15% of the Portfolio’s net assets. |
(f) | Issuer has defaulted on the payment of principal and interest. The securities have been deemed illiquid by the Specialist Manager and represent 0.00% of the Portfolio’s net assets. |
ADFA/ADED — Arkansas Development Finance Authority/Arkansas Department of Economic Development
AGM — Assured Guaranty Municipal Corporation
AMBAC — American Municipal Bond Assurance Corporation
AMT — Alternative Minimum Tax
ETM — Escrowed to Maturity
FGIC — Financial Guaranty Insurance Company
FHA — Federal Housing Administration
FHLMC — Federal Home Loan Mortgage Corp.
FNMA — Federal National Mortgage Association
GNMA — Government National Mortgage Association
GO — General Obligation
GTY — Guaranty
HUD — Housing and Urban Development
MBIA — Municipal Bond Insurance Association
MBIA-IBC — MBIA Insured Bond Certificate
NATL-RE — Reinsurance provided by National Reinsurance
PSF-GTD — Permanent School Fund Guaranteed
RADIAN — Radian Group, Inc.
SONYMA — State of New York Mortgage Agency
SUB — Subordinate Bond
See accompanying notes to financial statements.
157
HC CAPITAL TRUST
The Intermediate Term Municipal Bond II Portfolio
Portfolio of Investments — December 31, 2012 (Unaudited)
Principal Amount (000) | Rate % | Maturity Date | Value (000) | |||||||||||||
Municipal Bonds — 98.65% | ||||||||||||||||
Alabama — 7.36% | ||||||||||||||||
$1,500 | Alabama State Public School & College Authority Revenue, Series A | 5.00 | 5/1/19 | $ | 1,827 | |||||||||||
1,000 | Alexander City, Series A, GO (Assured GTY) | 5.00 | 5/1/18 | 1,160 | ||||||||||||
1,015 | Foley Utilities Board Utilities Revenue | 3.00 | 11/1/13 | 1,036 | ||||||||||||
1,050 | Foley Utilities Board Utilities Revenue | 4.00 | 11/1/14 | 1,116 | ||||||||||||
5,139 | ||||||||||||||||
Arizona — 0.23% | ||||||||||||||||
140 | Yuma County Arizona Jail District Revenue, Pledge Obligation | 5.00 | 7/1/20 | 163 | ||||||||||||
California — 4.13% | ||||||||||||||||
1,000 | California State Department of Water Resources, Power Supply Revenue, Series L, Callable 5/1/20 @ 100.00 | 5.00 | 5/1/22 | 1,226 | ||||||||||||
1,500 | Los Angeles California Unified School District, Series A-2, GO, Callable 7/1/15 @ 100.00 (NATL-RE) | 5.00 | 7/1/19 | 1,660 | ||||||||||||
2,886 | ||||||||||||||||
Florida — 16.22% | ||||||||||||||||
655 | Broward County Florida Airport System Revenue, Series L (AMBAC) | 5.00 | 10/1/13 | 678 | ||||||||||||
445 | Broward County Florida Airport System Revenue, Series L, ETM (AMBAC) | 5.00 | 10/1/13 | 461 | ||||||||||||
1,740 | Florida Hurricane Catastrophe Fund Finance Corp. Revenue, Series A | 5.00 | 7/1/13 | 1,779 | ||||||||||||
1,550 | Florida Water Pollution Control Financing Corp. Revenue, Series A | 5.00 | 7/15/16 | 1,776 | ||||||||||||
875 | Jacksonville Florida Special Revenue, Series A | 5.00 | 10/1/15 | 979 | ||||||||||||
400 | JEA Florida Electric System Revenue, Series A | 5.00 | 10/1/15 | 447 | ||||||||||||
895 | Lee County Florida Water & Sewer Revenue | 4.00 | 10/1/15 | 961 | ||||||||||||
1,000 | Miami-Dade County Florida Water & Sewer Revenue, Series B (AGM) | 5.25 | 10/1/20 | 1,241 | ||||||||||||
1,000 | Palm Beach County Florida Public Improvement Revenue, Series 2 | 5.00 | 11/1/16 | 1,157 | ||||||||||||
1,500 | West Palm Beach Florida Utility System Revenue, Series A, Callable 10/1/21 @ 100.00 | 5.00 | 10/1/22 | 1,847 | ||||||||||||
11,326 | ||||||||||||||||
Hawaii — 2.62% | ||||||||||||||||
1,500 | Honolulu City & County Hawaii, Series B, GO, Callable 12/1/20 @ 100.00 | 5.00 | 12/1/23 | 1,832 | ||||||||||||
Illinois — 5.88% | ||||||||||||||||
2,000 | Cook County Illinois, Series B, GO, Callable 11/15/13 @ 100.00 (NATL-RE) | 5.25 | 11/15/16 | 2,086 | ||||||||||||
425 | Lake County Illinois Adlai E. Stevenson High School District No. 125 Prairie, GO, Prerefunded 1/1/15 @ 100.00 | 5.00 | 1/1/19 | 463 | ||||||||||||
125 | Lake County Illinois Adlai E. Stevenson High School District No. 125 Prairie, GO, Callable 1/1/15 @ 100.00 | 5.00 | 1/1/19 | 135 | ||||||||||||
1,000 | Lake County Illinois Community High School District No. 124 Grant, GO | 5.00 | 12/1/14 | 1,082 | ||||||||||||
320 | Northbrook Illinois, GO | 3.00 | 12/1/15 | 339 | ||||||||||||
4,105 | ||||||||||||||||
Kentucky — 1.53% | ||||||||||||||||
1,005 | Kentucky State Property & Buildings Commission Revenues | 5.00 | 8/1/14 | 1,072 | ||||||||||||
Maine — 2.28% | ||||||||||||||||
1,500 | Maine Municipal Bond Bank Grant Anticipation Revenue, Department of Transportation, Series A | 4.00 | 9/1/14 | 1,590 | ||||||||||||
Maryland — 2.34% | ||||||||||||||||
1,330 | Maryland State Transportation Authority Revenue, Transportation Facilities Project, Series A | 5.00 | 7/1/19 | 1,632 | ||||||||||||
Massachusetts — 3.67% | ||||||||||||||||
2,000 | Massachusetts Bay Transportation Authority Sales Tax Revenue, Series B | 5.25 | 7/1/21 | 2,561 | ||||||||||||
Michigan — 1.70% | ||||||||||||||||
1,000 | Grand Rapids Michigan Community College, GO (AGM) | 5.00 | 5/1/18 | 1,189 | ||||||||||||
Nevada — 2.94% | ||||||||||||||||
800 | Clark County Nevada Highway Improvement Revenue | 5.00 | 7/1/23 | 970 | ||||||||||||
1,000 | Nevada State, Capital Improvement, Series A, GO, Callable 2/1/15 @ 100.00 | 5.00 | 2/1/19 | 1,085 | ||||||||||||
2,055 | ||||||||||||||||
New Mexico — 0.77% | ||||||||||||||||
500 | New Mexico Finance Authority State Transportation Revenue, Sub Lien, Series B (XLCA) | 4.00 | 12/15/14 | 535 |
See accompanying notes to financial statements.
158
HC CAPITAL TRUST
The Intermediate Term Municipal Bond II Portfolio
Portfolio of Investments (continued) — December 31, 2012 (Unaudited)
Principal Amount (000) | Rate % | Maturity Date | Value (000) | |||||||||||||
Municipal Bonds (continued) | ||||||||||||||||
New York — 5.67% | ||||||||||||||||
$2,245 | New York City Transitional Finance Authority Revenue, Series D, Callable 2/1/21 @ 100.00 | 5.25 | 2/1/22 | $ | 2,809 | |||||||||||
1,025 | New York City Transitional Finance Authority Revenue, Sub Series E | 5.00 | 11/1/15 | 1,153 | ||||||||||||
3,962 | ||||||||||||||||
Ohio — 3.48% | ||||||||||||||||
1,000 | Ohio State Building Authority State Facilities Revenue | 5.00 | 10/1/21 | 1,245 | ||||||||||||
1,000 | Ohio State, Series B, GO | 5.00 | 9/15/17 | 1,182 | ||||||||||||
2,427 | ||||||||||||||||
Oklahoma — 2.76% | ||||||||||||||||
1,650 | Oklahoma State Capitol Improvement Authority State Facilities Revenue, Series A | 5.00 | 7/1/17 | 1,930 | ||||||||||||
Pennsylvania — 1.79% | ||||||||||||||||
1,000 | Pennsylvania State, Series A, GO | 5.00 | 5/1/20 | 1,248 | ||||||||||||
South Carolina — 2.22% | ||||||||||||||||
1,100 | Richland County School District No. 2, Series A, GO, Callable 2/1/19 @ 100.00 (SCSDE) | 5.00 | 2/1/20 | 1,333 | ||||||||||||
215 | South Carolina State Public Service Authority Revenue, Series D, Prerefunded 1/1/13 @ 100.00 (AGM) | 5.25 | 1/1/14 | 215 | ||||||||||||
1,548 | ||||||||||||||||
Texas — 11.16% | ||||||||||||||||
1,250 | Dallas Texas Waterworks & Sewer System Revenue, Callable 10/1/21 @ 100.00 | 5.00 | 10/1/23 | 1,539 | ||||||||||||
1,025 | Galveston County Texas, GO (AGM) | 5.25 | 2/1/14 | 1,079 | ||||||||||||
465 | Potter County Texas, GO | 3.00 | 3/1/14 | 478 | ||||||||||||
1,435 | Sugar Land Texas, GO, Callable 2/15/19 @ 100.00 | 5.00 | 2/15/21 | 1,710 | ||||||||||||
1,800 | Texas State University Systems Financing Revenue | 5.00 | 3/15/17 | 2,106 | ||||||||||||
750 | Webb County Texas, GO | 4.50 | 2/15/19 | 881 | ||||||||||||
7,793 | ||||||||||||||||
Utah — 1.61% | ||||||||||||||||
1,050 | Intermountain Power Agency Power Supply Revenue, Series A, Callable 7/1/14 @ 100.00 | 5.00 | 7/1/16 | 1,122 | ||||||||||||
Washington — 15.30% | ||||||||||||||||
1,500 | King County Washington Sewer Revenue | 5.00 | 1/1/20 | 1,862 | ||||||||||||
1,400 | King County Washington Sewer Revenue, Callable 1/1/22 @ 100.00 | 5.00 | 1/1/24 | 1,708 | ||||||||||||
1,000 | King County Washington, GO | 5.25 | 1/1/23 | 1,297 | ||||||||||||
1,580 | Port of Seattle Washington Revenue, Intermediate Lien, Series B | 5.00 | 6/1/18 | 1,870 | ||||||||||||
1,500 | Tacoma Washington Water Revenue, Series A, Callable 6/1/20 @ 100.00 | 5.00 | 12/1/22 | 1,805 | ||||||||||||
1,800 | Washington State, GO, Series R-2011-A | 5.00 | 1/1/18 | 2,143 | ||||||||||||
10,685 | ||||||||||||||||
Wisconsin — 2.99% | ||||||||||||||||
1,220 | Menomonee Falls Wisconsin School District, GO, Callable 4/1/17 @ 100.00 (NATL-RE/FGIC) | 4.75 | 4/1/21 | 1,385 | ||||||||||||
150 | Northeast Wisconsin Technical College District, GO, Series A | 1.63 | 4/1/13 | 150 | ||||||||||||
500 | Wisconsin State, Series C, GO | 5.00 | 5/1/15 | 552 | ||||||||||||
2,087 | ||||||||||||||||
Total Municipal Bonds | 68,887 | |||||||||||||||
Total Investments (cost $64,949) — 98.65% | 68,887 | |||||||||||||||
Other assets in excess of liabilities — 1.35% | 940 | |||||||||||||||
Net Assets — 100.00% | $ | 69,827 |
AGM — Assured Guaranty Municipal Corporation
AMBAC — American Municipal Bond Assurance Corporation
ETM — Escrowed to Maturity
FGIC — Financial Guaranty Insurance Company
GO — General Obligation
GTY — Guaranty
See accompanying notes to financial statements.
159
HC CAPITAL TRUST
The Intermediate Term Municipal Bond II Portfolio
Portfolio of Investments (concluded) — December 31, 2012 (Unaudited)
NATL-RE — Reinsurance provided by National Reinsurance
SCSDE — Insured by South Carolina School Discount Enhancement
XLCA — XL Capital Assurance, Inc.
See accompanying notes to financial statements.
160
HC CAPITAL TRUST
Statements of Assets and Liabilities
As of December 31, 2012 (Unaudited)
(Amounts in thousands, except per share amounts)
The Value Equity Portfolio | The Institutional Value Equity Portfolio | The Growth Equity Portfolio | The Institutional Growth Equity Portfolio | |||||||||||||
ASSETS: | ||||||||||||||||
Investments, at cost | $ | 602,028 | $ | 941,577 | $ | 518,326 | $ | 917,439 | ||||||||
Unrealized net appreciation | 65,049 | 91,067 | 168,917 | 156,565 | ||||||||||||
Investments, at value | 667,077 | 1,032,644 | 687,243 | 1,074,004 | ||||||||||||
Cash | 1 | 1 | — | — | ||||||||||||
Foreign currency, at value (Cost $0, $0, $0 and $202, respectively) | — | — | — | 200 | ||||||||||||
Unrealized appreciation on forward currency contracts | — | — | — | 14 | ||||||||||||
Net swap agreements, at value | — | — | — | 1,866 | ||||||||||||
Dividends and interest receivable | 1,044 | 1,633 | 557 | 1,075 | ||||||||||||
Receivable for portfolio shares issued | 200 | 36 | 163 | 40 | ||||||||||||
Receivable from investments sold | 1,079 | 6,733 | 1,671 | 4,669 | ||||||||||||
Foreign tax reclaims receivable | 4 | 7 | 66 | 61 | ||||||||||||
Segregated cash for collateral | — | — | — | 452 | ||||||||||||
Variation margin receivable on futures contracts | — | — | — | 4,713 | ||||||||||||
Variation margin receivable on interest rate swap agreements | — | — | — | 269 | ||||||||||||
Prepaid expenses | 22 | 24 | 21 | 20 | ||||||||||||
Total Assets | 669,427 | 1,041,078 | 689,721 | 1,087,383 | ||||||||||||
LIABILITIES: | ||||||||||||||||
Cash overdraft | — | — | 72 | 1,503 | ||||||||||||
Written options, at value (premiums received $0, $0, $0 and $291, respectively) | — | — | — | 23 | ||||||||||||
Unrealized depreciation on forward currency contracts | — | — | — | 413 | ||||||||||||
Payable for investments purchased | 1,425 | 2,928 | 797 | 30,191 | ||||||||||||
Payable for portfolio shares redeemed | 11 | 10,050 | 111 | 9,802 | ||||||||||||
Payable to broker for futures collateral | — | — | — | 930 | ||||||||||||
Advisory fees payable | 151 | 231 | 158 | 187 | ||||||||||||
Management fees payable | 28 | 44 | 29 | 45 | ||||||||||||
Administrative services fees payable | 5 | 7 | 5 | 7 | ||||||||||||
Trustee fees payable | 1 | 9 | 5 | 6 | ||||||||||||
Other accrued expenses | 3 | 69 | 36 | 55 | ||||||||||||
Total Liabilities | 1,624 | 13,338 | 1,213 | 43,162 | ||||||||||||
NET ASSETS: | $ | 667,803 | $ | 1,027,740 | $ | 688,508 | $ | 1,044,221 | ||||||||
NET ASSETS CONSIST OF: | ||||||||||||||||
Shares of beneficial interest, at par value | $ | 52 | $ | 82 | $ | 45 | $ | 77 | ||||||||
Additional paid-in capital | 825,238 | 951,197 | 635,613 | 885,785 | ||||||||||||
Accumulated net investment income/(distributions in excess of net investment income) | 187 | 272 | (25) | 1,990 | ||||||||||||
Accumulated net realized losses from investments, futures, options, swaps and foreign currency transactions | (222,723) | (14,878) | (116,042) | (1,990) | ||||||||||||
Net unrealized appreciation/(depreciation) on investments, futures, options, swaps and foreign currency translations | 65,049 | 91,067 | 168,917 | 158,359 | ||||||||||||
Net Assets | $ | 667,803 | $ | 1,027,740 | $ | 688,508 | $ | 1,044,221 | ||||||||
NET ASSETS: | ||||||||||||||||
HC Strategic Shares | $ | 666,578 | $ | 1,026,076 | $ | 687,115 | $ | 1,042,581 | ||||||||
HC Advisors Shares | 1,225 | 1,664 | 1,393 | 1,640 | ||||||||||||
Total | $ | 667,803 | $ | 1,027,740 | $ | 688,508 | $ | 1,044,221 | ||||||||
SHARES OF BENEFICIAL INTEREST OUTSTANDING (Unlimited number of shares authorized, par value $0.001): | ||||||||||||||||
HC Strategic Shares | 51,809 | 81,721 | 44,557 | 76,949 | ||||||||||||
HC Advisors Shares | 95 | 132 | 90 | 121 | ||||||||||||
Total | 51,904 | 81,853 | 44,647 | 77,070 | ||||||||||||
Net Asset Value, offering and redemption price per share:(a) | ||||||||||||||||
HC Strategic Shares | $ | 12.87 | $ | 12.56 | $ | 15.42 | $ | 13.55 | ||||||||
HC Advisors Shares | $ | 12.87 | $ | 12.56 | $ | 15.40 | $ | 13.55 |
(a) | Per share amounts may not recalculate due to rounding of net assets and/or shares outstanding. |
Amounts designated as “—” are $0 or have been rounded to $0.
See accompanying notes to financial statements.
161
HC CAPITAL TRUST
Statements of Assets and Liabilities (continued)
As of December 31, 2012 (Unaudited)
(Amounts in thousands, except per share amounts)
The Small Capitalization Equity Portfolio | The Institutional Small Capitalization Equity Portfolio | The Real Estate Securities Portfolio | The Commodity Returns Strategy Portfolio(a) | |||||||||||||||||
ASSETS: | ||||||||||||||||||||
Investments, at cost | $ | 110,702 | $ | 180,719 | $ | 51,418 | $ | 720,377 | ||||||||||||
Unrealized net appreciation | 20,649 | 33,910 | 22,709 | 45,981 | ||||||||||||||||
Investments, at value | 131,351 | 214,629 | 74,127 | 766,358 | ||||||||||||||||
Cash | 19 | 1 | — | 58 | ||||||||||||||||
Foreign currency, at value (Cost $0, $0, $0 and $1,136, respectively) | — | — | — | 1,147 | ||||||||||||||||
Unrealized appreciation on futures | — | — | — | 7 | ||||||||||||||||
Unrealized appreciation on forward currency contracts | — | — | — | 20 | ||||||||||||||||
Dividends and interest receivable | 85 | 139 | 187 | 626 | ||||||||||||||||
Margin deposits | — | — | — | 7,303 | ||||||||||||||||
Receivable for portfolio shares issued | 198 | 10 | 1 | 6 | ||||||||||||||||
Receivable from investments sold | 209 | 731 | 182 | 5 | ||||||||||||||||
Foreign tax reclaims receivable | — | — | — | 51 | ||||||||||||||||
Segregated cash for collateral | — | — | — | 38 | ||||||||||||||||
Variation margin receivable on future contracts | 13 | — | — | 108 | ||||||||||||||||
Variation margin receivable on interest rate swap agreements | — | — | — | 3 | ||||||||||||||||
Prepaid expenses | 12 | 14 | 9 | 96 | ||||||||||||||||
Total Assets | 131,887 | 215,524 | 74,506 | 775,826 | ||||||||||||||||
LIABILITIES: | ||||||||||||||||||||
Written options, at value (premiums received $0, $0, $0 and $508, respectively) | — | — | — | 519 | ||||||||||||||||
Unrealized depreciation on futures | — | — | — | 1,056 | ||||||||||||||||
Net swap agreements, at value | — | — | — | 1,285 | ||||||||||||||||
Unrealized depreciation on forward currency contracts | — | — | — | 73 | ||||||||||||||||
Payable for investments purchased | 604 | 1,397 | 232 | 355 | ||||||||||||||||
Payable for portfolio shares redeemed | 2 | 1,827 | 896 | 3,661 | ||||||||||||||||
Payable to broker for futures collateral | — | — | — | 25 | ||||||||||||||||
Variation margin payable on future contracts | — | — | — | 106 | ||||||||||||||||
Variation margin payable on interest rate swap agreements | — | — | — | 8 | ||||||||||||||||
Advisory fees payable | 48 | 104 | 121 | 330 | ||||||||||||||||
Management fees payable | 5 | 9 | 3 | 32 | ||||||||||||||||
Administrative services fees payable | 1 | 1 | 1 | 5 | ||||||||||||||||
Trustee fees payable | 1 | 2 | 1 | 1 | ||||||||||||||||
Other accrued expenses | 10 | 15 | 12 | 120 | ||||||||||||||||
Total Liabilities | 671 | 3,355 | 1,266 | 7,576 | ||||||||||||||||
NET ASSETS: | $ | 131,216 | $ | 212,169 | $ | 73,240 | $ | 768,250 | ||||||||||||
NET ASSETS CONSIST OF: | ||||||||||||||||||||
Shares of beneficial interest, at par value | $ | 9 | $ | 15 | $ | 9 | $ | 67 | ||||||||||||
Additional paid-in capital | 176,207 | 191,837 | 50,875 | 784,420 | ||||||||||||||||
Accumulated net investment income | 157 | 131 | (646) | 714 | ||||||||||||||||
Accumulated net realized losses from investments, futures, options, swaps and foreign currency translations | (65,821) | (13,724) | 293 | (68,132) | ||||||||||||||||
Net unrealized appreciation on investments, futures, options, swaps and foreign currency translations | 20,664 | 33,910 | 22,709 | 46,181 | ||||||||||||||||
Net Assets | $ | 131,216 | $ | 212,169 | $ | 73,240 | $ | 768,250 | ||||||||||||
NET ASSETS: | ||||||||||||||||||||
HC Strategic Shares | $ | 130,968 | $ | 211,877 | $ | 73,144 | $ | 767,215 | ||||||||||||
HC Advisors Shares | 248 | 292 | 96 | 1,035 | ||||||||||||||||
Total | $ | 131,216 | $ | 212,169 | $ | 73,240 | $ | 768,250 | ||||||||||||
SHARES OF BENEFICIAL INTEREST OUTSTANDING | ||||||||||||||||||||
(Unlimited number of shares authorized, par value $0.001): | ||||||||||||||||||||
HC Strategic Shares | 8,994 | 14,799 | 8,932 | 70,569 | ||||||||||||||||
HC Advisors Shares | 17 | 20 | 12 | 95 | ||||||||||||||||
Total | 9,011 | 14,819 | 8,944 | 70,664 | ||||||||||||||||
Net Asset Value, offering and redemption price per share:(b) | ||||||||||||||||||||
HC Strategic Shares | $ | 14.56 | $ | 14.32 | $ | 8.19 | $ | 10.87 | ||||||||||||
HC Advisors Shares | $ | 14.55 | $ | 14.31 | $ | 8.19 | $ | 10.87 |
(a) | Statement has been consolidated. Please see Note 2L in the notes to financial statements for basis of consolidation. |
(b) | Per share amounts may not recalculate due to rounding of net assets and/or shares outstanding. |
Amounts designated as “—” are $0 or have been rounded to $0.
See accompanying notes to financial statements.
162
HC CAPITAL TRUST
Statements of Assets and Liabilities (continued)
As of December 31, 2012 (Unaudited)
(Amounts in thousands, except per share amounts)
The International Equity Portfolio | The Institutional International Equity Portfolio | The Emerging Markets Portfolio | The Core Fixed Income Portfolio | |||||||||||||
ASSETS: | ||||||||||||||||
Investments, at cost | $ | 1,099,883 | $ | 1,925,137 | $ | 877,903 | $ | 103,221 | ||||||||
Unrealized net appreciation | 224,022 | 284,086 | 94,904 | 3,741 | ||||||||||||
Investments, at value | 1,323,905 | 2,209,223 | 972,807 | 106,962 | ||||||||||||
Cash | — | — | 175 | — | ||||||||||||
Foreign currency, at value (Cost $2,113, $2,129, $14,738 and $0, respectively) | 2,093 | 2,130 | 14,823 | — | ||||||||||||
Unrealized appreciation on futures | 43 | 69 | — | — | ||||||||||||
Unrealized appreciation on forward currency contracts | 154 | 226 | 108 | — | ||||||||||||
Dividends and interest receivable | 1,359 | 2,287 | 1,735 | 603 | ||||||||||||
Receivable for portfolio shares issued | 224 | 44 | 748 | 246 | ||||||||||||
Receivable from investments sold | 6,992 | 8,761 | 3,411 | 1,249 | ||||||||||||
Foreign tax reclaims receivable | 843 | 2,607 | 23 | — | ||||||||||||
TBA sale commitments receivable | — | — | — | 2,164 | ||||||||||||
Segregated cash for collateral | — | — | 2,851 | — | ||||||||||||
Prepaid expenses | 38 | 145 | 19 | 3 | ||||||||||||
Total Assets | 1,335,651 | 2,225,492 | 996,700 | 111,227 | ||||||||||||
LIABILITIES: | ||||||||||||||||
Cash overdraft | 1 | 1,254 | — | — | ||||||||||||
TBA sale commitments, at value | — | — | — | 2,162 | ||||||||||||
Unrealized depreciation on forward currency contracts | 229 | 348 | 280 | — | ||||||||||||
Distributions payable | — | — | — | 270 | ||||||||||||
Payable for investments purchased | 2,663 | 4,074 | 2,479 | 9,061 | ||||||||||||
Payable for portfolio shares redeemed | 20,487 | 400 | 2,145 | 22 | ||||||||||||
Payable to broker for futures collateral | 17 | 28 | — | — | ||||||||||||
Accrued foreign capital gains tax | — | — | 1,422 | — | ||||||||||||
Advisory fees payable | 457 | 757 | 427 | 29 | ||||||||||||
Management fees payable | 56 | 93 | 40 | 4 | ||||||||||||
Administrative services fees payable | 9 | 15 | 8 | 1 | ||||||||||||
Trustee fees payable | 1 | 1 | 1 | 1 | ||||||||||||
Other accrued expenses | 2 | 92 | 41 | 8 | ||||||||||||
Total Liabilities | 23,922 | 7,062 | 6,843 | 11,558 | ||||||||||||
NET ASSETS: | $ | 1,311,729 | $ | 2,218,430 | $ | 989,857 | $ | 99,669 | ||||||||
NET ASSETS CONSIST OF: | ||||||||||||||||
Shares of beneficial interest, at par value | $ | 119 | $ | 210 | $ | 50 | $ | 10 | ||||||||
Additional paid-in capital | 1,172,009 | 1,964,642 | 920,834 | 95,885 | ||||||||||||
Accumulated net investment income/(distributions in excess of net investment income) | 2,865 | 1,737 | (149) | (228) | ||||||||||||
Accumulated net realized gains/(losses) from investments, futures, and foreign currency transactions | (87,113) | (32,017) | (24,646) | 259 | ||||||||||||
Net unrealized appreciation on investments, futures, and foreign currency translations | 223,849 | 283,858 | 93,768 | 3,743 | ||||||||||||
Net Assets | $ | 1,311,729 | $ | 2,218,430 | $ | 989,857 | $ | 99,669 | ||||||||
NET ASSETS: | ||||||||||||||||
HC Strategic Shares | $ | 1,309,253 | $ | 2,215,005 | $ | 988,179 | $ | 97,344 | ||||||||
HC Advisors Shares | 2,476 | 3,425 | 1,678 | 2,325 | ||||||||||||
Total | $ | 1,311,729 | $ | 2,218,430 | $ | 989,857 | $ | 99,669 | ||||||||
SHARES OF BENEFICIAL INTEREST OUTSTANDING (Unlimited number of shares authorized, par value $0.001): | ||||||||||||||||
HC Strategic Shares | 118,575 | 209,495 | 49,825 | 9,594 | ||||||||||||
HC Advisors Shares | 224 | 324 | 85 | 229 | ||||||||||||
Total | 118,799 | 209,819 | 49,910 | 9,823 | ||||||||||||
Net Asset Value, offering and redemption price per share:(a) | ||||||||||||||||
HC Strategic Shares | $ | 11.04 | $ | 10.57 | $ | 19.83 | $ | 10.15 | ||||||||
HC Advisors Shares | $ | 11.05 | $ | 10.57 | $ | 19.83 | $ | 10.14 |
(a) | Per share amounts may not recalculate due to rounding of net assets and/or shares outstanding. |
Amounts designated as “—” are $0 or have been rounded to $0.
See accompanying notes to financial statements.
163
HC CAPITAL TRUST
Statements of Assets and Liabilities (continued)
As of December 31, 2012 (Unaudited)
(Amounts in thousands, except per share amounts)
The Fixed Income Opportunity Portfolio | The U.S. Government Fixed Income Securities Portfolio | The U.S. Corporate Fixed Income Securities Portfolio | The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio | |||||||||||||
ASSETS: | ||||||||||||||||
Investments, at cost | $ | 610,273 | $ | 242,961 | $ | 204,413 | $ | 274,632 | ||||||||
Unrealized net appreciation | 37,802 | 7,676 | 12,200 | 6,856 | ||||||||||||
Investments, at value | 648,075 | 250,637 | 216,613 | 281,488 | ||||||||||||
Dividends and interest receivable | 10,881 | 1,441 | 2,082 | 905 | ||||||||||||
Receivable for portfolio shares issued | 11 | 258 | 704 | 712 | ||||||||||||
Receivable from investments sold | — | 10,816 | — | 81 | ||||||||||||
TBA sale commitments receivable | — | — | — | 25,166 | ||||||||||||
Prepaid expenses | 15 | 14 | 13 | 14 | ||||||||||||
Total Assets | 658,982 | 263,166 | 219,412 | 308,366 | ||||||||||||
LIABILITIES: | ||||||||||||||||
TBA sale commitments, at value | — | — | — | 25,108 | ||||||||||||
Distributions payable | — | 342 | 784 | 953 | ||||||||||||
Payable for investments purchased | 257 | 9,808 | — | 36,747 | ||||||||||||
Payable for portfolio shares redeemed | 5,686 | 3,259 | 2,872 | 3,116 | ||||||||||||
Advisory fees payable | 537 | 13 | 41 | 119 | ||||||||||||
Management fees payable | 28 | 11 | 9 | 10 | ||||||||||||
Administrative services fees payable | 5 | 2 | 2 | 2 | ||||||||||||
Trustee fees payable | 5 | 2 | 2 | 3 | ||||||||||||
Other accrued expenses | 40 | 15 | 16 | 21 | ||||||||||||
Total Liabilities | 6,558 | 13,452 | 3,726 | 66,079 | ||||||||||||
NET ASSETS: | $ | 652,424 | $ | 249,714 | $ | 215,686 | $ | 242,287 | ||||||||
NET ASSETS CONSIST OF: | ||||||||||||||||
Shares of beneficial interest, at par value | $ | 87 | $ | 25 | $ | 20 | $ | 24 | ||||||||
Additional paid-in capital | 618,043 | 241,930 | 202,566 | 237,585 | ||||||||||||
Accumulated net investment income/(distributions in excess of net investment income) | 106 | (4) | (3) | (1,897) | ||||||||||||
Accumulated net realized gains/(losses) from investments and futures | (3,614) | 87 | 903 | (341) | ||||||||||||
Net unrealized appreciation on investments | 37,802 | 7,676 | 12,200 | 6,916 | ||||||||||||
Net Assets | $ | 652,424 | $ | 249,714 | $ | 215,686 | $ | 242,287 | ||||||||
NET ASSETS: | ||||||||||||||||
HC Strategic Shares | $ | 651,613 | $ | 249,714 | $ | 215,686 | $ | 242,287 | ||||||||
HC Advisors Shares | 811 | — | — | — | ||||||||||||
Total | $ | 652,424 | $ | 249,714 | $ | 215,686 | $ | 242,287 | ||||||||
SHARES OF BENEFICIAL INTEREST OUTSTANDING (Unlimited number of shares authorized, par value $0.001): | ||||||||||||||||
HC Strategic Shares | 86,450 | 24,510 | 20,429 | 23,868 | ||||||||||||
HC Advisors Shares | 107 | — | — | — | ||||||||||||
Total | 86,557 | 24,510 | 20,429 | 23,868 | ||||||||||||
Net Asset Value, offering and redemption price per share:(a) | ||||||||||||||||
HC Strategic Shares | $ | 7.54 | $ | 10.19 | $ | 10.56 | $ | 10.15 | ||||||||
HC Advisors Shares | $ | 7.54 | $ | — | $ | — | $ | — |
(a) | Per share amounts may not recalculate due to rounding of net assets and/or shares outstanding. |
Amounts designated as “—” are $0 or have been rounded to $0.
See accompanying notes to financial statements.
164
HC CAPITAL TRUST
Statements of Assets and Liabilities (concluded)
As of December 31, 2012 (Unaudited)
(Amounts in thousands, except per share amounts)
The Short-Term Municipal Bond Portfolio | The Intermediate Term Municipal Bond Portfolio | The Intermediate Term Municipal Bond II Portfolio | ||||||||||
ASSETS: | ||||||||||||
Investments, at cost | $ | 24,834 | $ | 420,320 | $ | 64,949 | ||||||
Unrealized net appreciation | 571 | 18,554 | 3,938 | |||||||||
Investments, at value | 25,405 | 438,874 | 68,887 | |||||||||
Cash | — | — | 35 | |||||||||
Dividends and interest receivable | 257 | 5,081 | 935 | |||||||||
Receivable for portfolio shares issued | 36 | 1,272 | 144 | |||||||||
Prepaid expenses | 8 | 21 | 8 | |||||||||
Total Assets | 25,706 | 445,248 | 70,009 | |||||||||
LIABILITIES: | ||||||||||||
Distributions payable | 37 | 1,325 | 148 | |||||||||
Payable for investments purchased | — | 10,778 | — | |||||||||
Payable for portfolio shares redeemed | 2 | 559 | 23 | |||||||||
Advisory fees payable | 3 | 386 | 8 | |||||||||
Management fees payable | 1 | 19 | 3 | |||||||||
Administrative services fees payable | — | 3 | — | |||||||||
Trustee fees payable | — | 1 | — | |||||||||
Total Liabilities | 43 | 13,071 | 182 | |||||||||
NET ASSETS: | $ | 25,663 | $ | 432,177 | $ | 69,827 | ||||||
NET ASSETS CONSIST OF: | ||||||||||||
Shares of beneficial interest, at par value | $ | 3 | $ | 42 | $ | 7 | ||||||
Additional paid-in capital | 25,081 | 426,133 | 65,692 | |||||||||
Accumulated net investment income/(distributions in excess of net investment income) | (21) | (81) | (31) | |||||||||
Accumulated net realized gains/(losses) from investments | 29 | (12,471) | 221 | |||||||||
Net unrealized appreciation on investments | 571 | 18,554 | 3,938 | |||||||||
Net Assets | $ | 25,663 | $ | 432,177 | $ | 69,827 | ||||||
NET ASSETS: | ||||||||||||
HC Strategic Shares | $ | 25,663 | $ | 430,519 | $ | 69,392 | ||||||
HC Advisors Shares | — | 1,658 | 435 | |||||||||
Total | $ | 25,663 | $ | 432,177 | $ | 69,827 | ||||||
SHARES OF BENEFICIAL INTEREST OUTSTANDING (Unlimited number of shares authorized, par value $0.001): | ||||||||||||
HC Strategic Shares | 2,534 | 42,152 | 6,557 | |||||||||
HC Advisors Shares | — | 162 | 41 | |||||||||
Total | 2,534 | 42,314 | 6,598 | |||||||||
Net Asset Value, offering and redemption price per share:(a) | ||||||||||||
HC Strategic Shares | $ | 10.13 | $ | 10.21 | $ | 10.58 | ||||||
HC Advisors Shares | $ | — | $ | 10.21 | $ | 10.58 |
(a) | Per share amounts may not recalculate due to rounding of net assets and/or shares outstanding. |
Amounts designated as “—” are $0 or have been rounded to $0.
See accompanying notes to financial statements.
165
HC CAPITAL TRUST
Statements of Operations
For the Six Months Ended December 31, 2012 (Unaudited)
(Amounts in thousands)
The Value Equity Portfolio | The Institutional Value Equity Portfolio | The Growth Equity Portfolio | The Institutional Growth Equity Portfolio | |||||||||||||
INVESTMENT INCOME: | ||||||||||||||||
Interest | $ | 12 | $ | 19 | $ | — | $ | 1,374 | ||||||||
Dividends (net of foreign withholding tax of $61, $101, $5 and $3, respectively) | 10,549 | 16,621 | 6,818 | 9,131 | ||||||||||||
Total Investment Income | 10,561 | 16,640 | 6,818 | 10,505 | ||||||||||||
EXPENSES: | ||||||||||||||||
Advisory fees | 572 | 887 | 600 | 821 | ||||||||||||
Management fees | 162 | 254 | 182 | 273 | ||||||||||||
Administrative services fees | 104 | 164 | 117 | 176 | ||||||||||||
Distribution fees – HC Advisors Shares | 1 | 1 | 1 | 1 | ||||||||||||
Professional fees | 32 | 63 | 47 | 68 | ||||||||||||
Transfer agent fees | — | 3 | — | 3 | ||||||||||||
Compliance service fees | 3 | 9 | 6 | 9 | ||||||||||||
Custodian fees | 9 | 24 | 23 | 42 | ||||||||||||
Registration and filing fees | 8 | 7 | 8 | 6 | ||||||||||||
Trustee fees | 10 | 27 | 19 | 27 | ||||||||||||
Other | 12 | 23 | 16 | 22 | ||||||||||||
Total Expenses before waivers and expenses paid indirectly | 913 | 1,462 | 1,019 | 1,448 | ||||||||||||
Less: Expenses waived by Specialist Manager | (48) | (73) | (7) | (7) | ||||||||||||
Distribution fees waived – HC Advisors Shares | (1) | (1) | (1) | (1) | ||||||||||||
Expenses paid indirectly | (17) | (23) | (6) | (7) | ||||||||||||
Net Expenses | 847 | 1,365 | 1,005 | 1,433 | ||||||||||||
Net Investment Income | 9,714 | 15,275 | 5,813 | 9,072 | ||||||||||||
NET REALIZED/UNREALIZED GAIN/(LOSS) ON INVESTMENTS: | ||||||||||||||||
Net realized gains/(losses) from investment transactions | 12,970 | 19,068 | 25,095 | 30,776 | ||||||||||||
Net realized gains/(losses) from futures transactions | — | — | — | 17,563 | ||||||||||||
Net realized gains/(losses) from written options transactions | — | — | — | 117 | ||||||||||||
Net realized gains/(losses) from swap transactions | — | — | — | 661 | ||||||||||||
Net realized gains/(losses) from foreign currency transactions | — | — | — | (1,162) | ||||||||||||
Net realized gains/(losses) from investments, futures, written options, swaps and foreign currency transactions | 12,970 | 19,068 | 25,095 | 47,955 | ||||||||||||
Change in unrealized appreciation/(depreciation) on investments | 19,692 | 33,017 | 2,662 | 6,101 | ||||||||||||
Change in unrealized appreciation/(depreciation) on futures | — | — | — | (7,889) | ||||||||||||
Change in unrealized appreciation/(depreciation) on written options | — | — | — | 108 | ||||||||||||
Change in unrealized appreciation/(depreciation) on swaps | — | — | — | 77 | ||||||||||||
Change in unrealized appreciation/(depreciation) on foreign currency translations | — | (1) | — | 822 | ||||||||||||
Change in unrealized appreciation/(depreciation) on investments, futures, written options, swaps and foreign currency translations | 19,692 | 33,016 | 2,662 | (781) | ||||||||||||
Net realized/unrealized gains/(losses) from investments, futures, written options, swaps and foreign currency translations | 32,662 | 52,084 | 27,757 | 47,174 | ||||||||||||
Change in net assets resulting from operations | $ | 42,376 | $ | 67,359 | $ | 33,570 | $ | 56,246 |
Amounts designated as “—” are $0 or have been rounded to $0.
See accompanying notes to financial statements.
166
HC CAPITAL TRUST
Statements of Operations (continued)
For the Six Months Ended December 31, 2012 (Unaudited)
(Amounts in thousands)
The Small Capitalization Equity Portfolio | The Institutional Small Capitalization Equity Portfolio | The Real Estate Securities Portfolio | The Commodity Returns Strategy Portfolio(a) | |||||||||||||
INVESTMENT INCOME: | ||||||||||||||||
Interest | $ | 8 | $ | 13 | $ | — | $ | 544 | ||||||||
Dividends (net of foreign withholding tax of $1, $2, $1 and $454, respectively) | 1,418 | 2,094 | 800 | 6,120 | ||||||||||||
Total Investment Income | 1,426 | 2,107 | 800 | 6,664 | ||||||||||||
EXPENSES: | ||||||||||||||||
Advisory fees | 281 | 595 | 271 | 1,909 | ||||||||||||
Management fees | 32 | 51 | 19 | 187 | ||||||||||||
Administrative services fees | 21 | 33 | 12 | 121 | ||||||||||||
Distribution fees – HC Advisors Shares | — | — | — | 1 | ||||||||||||
Professional fees | 9 | 14 | 7 | 28 | ||||||||||||
Transfer agent fees | — | 1 | — | — | ||||||||||||
Compliance service fees | 1 | 2 | 1 | 4 | ||||||||||||
Custodian fees | 3 | 5 | 1 | 49 | ||||||||||||
Registration and filing fees | 6 | 4 | 5 | 10 | ||||||||||||
Trustee fees | 4 | 6 | 2 | 12 | ||||||||||||
Other | 3 | 5 | 4 | 27 | ||||||||||||
Total Expenses before waivers and expenses paid indirectly | 360 | 716 | 322 | 2,348 | ||||||||||||
Less: Distribution fees waived – HC Advisors Shares | — | — | — | (1) | ||||||||||||
Expenses paid indirectly | — | (3) | — | — | ||||||||||||
Net Expenses | 360 | 713 | 322 | 2,347 | ||||||||||||
Net Investment Income | 1,066 | 1,394 | 478 | 4,317 | ||||||||||||
NET REALIZED/UNREALIZED GAIN/(LOSS) ON INVESTMENTS: | ||||||||||||||||
Net realized gains/(losses) from investment transactions | 3,001 | 2,657 | 3,370 | (4,021) | ||||||||||||
Net realized gains/(losses) from futures transactions | 39 | — | — | 4,072 | ||||||||||||
Net realized gains/(losses) from written options transactions | — | — | — | 242 | ||||||||||||
Net realized gains/(losses) from swap transactions | — | — | — | 7,614 | ||||||||||||
Net realized gains/(losses) from foreign currency transactions | — | — | (1) | (129) | ||||||||||||
Net realized gains/(losses) from investments, futures, written options, swaps and foreign currency transactions | 3,040 | 2,657 | 3,369 | 7,778 | ||||||||||||
Change in unrealized appreciation/(depreciation) on investments | 4,776 | 9,123 | (1,453) | 55,830 | ||||||||||||
Change in unrealized appreciation/(depreciation) on futures | (3) | — | — | 767 | ||||||||||||
Change in unrealized appreciation/(depreciation) on written options | — | — | — | (48) | ||||||||||||
Change in unrealized appreciation/(depreciation) on swaps | — | — | — | (3,871) | ||||||||||||
Change in unrealized appreciation/(depreciation) on foreign currency translations | — | — | — | (932) | ||||||||||||
Change in unrealized appreciation/(depreciation) on investments, futures, written options, swaps and foreign currency translations | 4,773 | 9,123 | (1,453) | 51,746 | ||||||||||||
Net realized/unrealized gains/(losses) from investments, futures, written options and foreign currency transactions | 7,813 | 11,780 | 1,916 | 59,524 | ||||||||||||
Change in net assets resulting from operations | $ | 8,879 | $ | 13,174 | $ | 2,394 | $ | 63,841 |
(a) | Statement has been consolidated. Please see Note 2L in the notes to financial statements for basis of consolidation. |
Amounts designated as “—” are $0 or have been rounded to $0. |
See accompanying notes to financial statements.
167
HC CAPITAL TRUST
Statements of Operations (continued)
For the Six Months Ended December 31, 2012 (Unaudited)
(Amounts in thousands)
The International Equity Portfolio | The Institutional International Equity Portfolio | The Emerging Markets Portfolio | The Core Fixed Income Portfolio | |||||||||||||
INVESTMENT INCOME: | ||||||||||||||||
Interest | $ | 1 | $ | 1 | $ | 9 | $ | 1,169 | ||||||||
Dividends (net of foreign withholding tax of $1,067, $1,838, $890 and $0, respectively) | 14,288 | 23,906 | 9,783 | 54 | ||||||||||||
Total Investment Income | 14,289 | 23,907 | 9,792 | 1,223 | ||||||||||||
EXPENSES: | ||||||||||||||||
Advisory fees | 1,907 | 3,316 | 2,324 | 88 | ||||||||||||
Management fees | 319 | 530 | 200 | 25 | ||||||||||||
Administrative services fees | 205 | 342 | 129 | 16 | ||||||||||||
Distribution fees – HC Advisors Shares | 1 | 2 | 1 | 1 | ||||||||||||
Professional fees | 35 | 58 | 48 | 7 | ||||||||||||
Transfer agent fees | 2 | 3 | 2 | — | ||||||||||||
Compliance service fees | 5 | 8 | 5 | 1 | ||||||||||||
Custodian fees | 81 | 134 | 391 | 2 | ||||||||||||
Registration and filing fees | 9 | 7 | 15 | 4 | ||||||||||||
Trustee fees | 15 | 25 | 16 | 3 | ||||||||||||
Other | 26 | 45 | 26 | 6 | ||||||||||||
Total Expenses before waivers and expenses paid indirectly | 2,605 | 4,470 | 3,157 | 153 | ||||||||||||
Less: Expenses waived by Specialist Manager | — | — | — | (5) | ||||||||||||
Distribution fees waived – HC Advisors Shares | (1) | (2) | (1) | (1) | ||||||||||||
Expenses paid indirectly | (6) | (10) | (4) | — | ||||||||||||
Net Expenses | 2,598 | 4,458 | 3,152 | 147 | ||||||||||||
Net Investment Income | 11,691 | 19,449 | 6,640 | 1,076 | ||||||||||||
NET REALIZED/UNREALIZED GAIN/(LOSS) ON INVESTMENTS: | ||||||||||||||||
Net realized gains/(losses) from investment transactions | 25,461 | 13,096 | (5,019) | 897 | ||||||||||||
Net realized gains/(losses) from futures transactions | 25 | 48 | 1,928 | 2 | ||||||||||||
Net realized gains/(losses) from foreign currency transactions | 80 | (103) | (24) | — | ||||||||||||
Net realized gains/(losses) from investments, futures and foreign currency transactions | 25,566 | 13,041 | (3,115) | 899 | ||||||||||||
Change in unrealized appreciation/(depreciation) on investments (Net of deferred foreign tax) | 133,068 | 256,368 | 102,248 | (67) | ||||||||||||
Change in unrealized appreciation/(depreciation) on futures | 44 | 71 | (69) | — | ||||||||||||
Change in unrealized appreciation/(depreciation) on foreign currency translations | (648) | (662) | (1,264) | — | ||||||||||||
Change in unrealized appreciation/(depreciation) on investments, futures and foreign currency translations | 132,464 | 255,777 | 100,915 | (67) | ||||||||||||
Net realized/unrealized gains/(losses) from investments, futures and foreign currency translations | 158,030 | 268,818 | 97,800 | 832 | ||||||||||||
Change in net assets resulting from operations | $ | 169,721 | $ | 288,267 | $ | 104,440 | $ | 1,908 |
Amounts designated as “—” are $0 or have been rounded to $0.
See accompanying notes to financial statements.
168
HC CAPITAL TRUST
Statements of Operations (continued)
For the Six Months Ended December 31, 2012 (Unaudited)
(Amounts in thousands)
The Fixed Income Opportunity Portfolio | The U.S. Government Fixed Income Securities Portfolio | The U.S. Corporate Fixed Income Securities Portfolio | The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio | |||||||||||||
INVESTMENT INCOME: | ||||||||||||||||
Interest | $ | 22,356 | $ | 1,799 | $ | 3,764 | $ | 2,748 | ||||||||
Dividends | 183 | — | 331 | — | ||||||||||||
Total Investment Income | 22,539 | 1,799 | 4,095 | 2,748 | ||||||||||||
EXPENSES: | ||||||||||||||||
Advisory fees | 1,045 | 153 | 240 | 209 | ||||||||||||
Management fees | 159 | 64 | 55 | 61 | ||||||||||||
Administrative services fees | 102 | 41 | 35 | 40 | ||||||||||||
Distribution fees – HC Advisors Shares | — | — | — | — | ||||||||||||
Professional fees | 43 | 17 | 15 | 25 | ||||||||||||
Transfer agent fees | 2 | 1 | 1 | 1 | ||||||||||||
Compliance service fees | 6 | 2 | 2 | 2 | ||||||||||||
Custodian fees | 16 | 5 | 5 | 9 | ||||||||||||
Registration and filing fees | 8 | 4 | 4 | 5 | ||||||||||||
Trustee fees | 18 | 7 | 6 | — | ||||||||||||
Other | 24 | 9 | 7 | 5 | ||||||||||||
Total Expenses before waivers | 1,423 | 303 | 370 | 357 | ||||||||||||
Less: Expenses waived by Specialist Manager | — | (50) | — | — | ||||||||||||
Distribution fees waived – HC Advisors Shares | — | — | — | — | ||||||||||||
Net Expenses | 1,423 | 253 | 370 | 357 | ||||||||||||
Net Investment Income | 21,116 | 1,546 | 3,725 | 2,391 | ||||||||||||
NET REALIZED/UNREALIZED GAIN/(LOSS) ON INVESTMENTS: | ||||||||||||||||
Net realized gains/(losses) from investment transactions | 4,376 | 2,602 | 4,093 | 461 | ||||||||||||
Net realized gains/(losses) from futures transactions | — | — | — | 20 | ||||||||||||
Net realized gains/(losses) from investments and futures | 4,376 | 2,602 | 4,093 | 481 | ||||||||||||
Change in unrealized appreciation/(depreciation) on investments | 24,447 | (3,040) | 909 | (260) | ||||||||||||
Net realized/unrealized gains/(losses) from investments and futures | 28,823 | (438) | 5,002 | 221 | ||||||||||||
Change in net assets resulting from operations | $ | 49,939 | $ | 1,108 | $ | 8,727 | $ | 2,612 |
Amounts designated as “—” are $0 or have been rounded to $0.
See accompanying notes to financial statements.
169
HC CAPITAL TRUST
Statements of Operations (concluded)
For the Six Months Ended December 31, 2012 (Unaudited)
(Amounts in thousands)
The Short-Term Municipal Bond Portfolio | The Intermediate Term Municipal Bond Portfolio | The Intermediate Term Municipal Bond II Portfolio | ||||||||||
INVESTMENT INCOME: | ||||||||||||
Interest | $ | 205 | $ | 7,593 | $ | 861 | ||||||
Total Investment Income | 205 | 7,593 | 861 | |||||||||
EXPENSES: | ||||||||||||
Advisory fees | 16 | 392 | 46 | |||||||||
Management fees | 6 | 114 | 18 | |||||||||
Administrative services fees | 4 | 73 | 12 | |||||||||
Distribution fees – HC Advisors Shares | — | 1 | — | |||||||||
Professional fees | 2 | 33 | 6 | |||||||||
Transfer agent fees | — | 1 | — | |||||||||
Compliance service fees | — | 3 | 2 | |||||||||
Custodian fees | 1 | 17 | 2 | |||||||||
Registration and filing fees | 3 | 5 | 4 | |||||||||
Other | 2 | 7 | 2 | |||||||||
Total Expenses before waivers | 34 | 646 | 92 | |||||||||
Less: Distribution fees waived – HC Advisors Shares | — | (1) | — | |||||||||
Net Expenses | 34 | 645 | 92 | |||||||||
Net Investment Income | 171 | 6,948 | 769 | |||||||||
NET REALIZED/UNREALIZED GAIN/(LOSS) ON INVESTMENTS: | ||||||||||||
Net realized gains/(losses) from investment transactions | 39 | 12,498 | 222 | |||||||||
Change in unrealized appreciation/(depreciation) on investments | (109) | (6,683) | 205 | |||||||||
Net realized/unrealized gains/(losses) from investments | (70) | 5,815 | 427 | |||||||||
Change in net assets resulting from operations | $ | 101 | $ | 12,763 | $ | 1,196 |
Amounts designated as “—” are $0 or have been rounded to $0.
See accompanying notes to financial statements.
170
HC CAPITAL TRUST
Statements of Changes in Net Assets
(Amounts in thousands)
The Value Equity Portfolio | The Institutional Value Equity Portfolio | The Growth Equity Portfolio | ||||||||||||||||||||||
For the Six Months Ended December 31, 2012 | For the Year Ended June 30, 2012 | For the Six Months Ended December 31, 2012 | For the Year Ended June 30, 2012 | For the Six Months Ended December 31, 2012 | For the Year Ended June 30, 2012 | |||||||||||||||||||
(Unaudited) | (Unaudited) | (Unaudited) | ||||||||||||||||||||||
Operations: | ||||||||||||||||||||||||
Net investment income | $ | 9,714 | $ | 14,674 | $ | 15,275 | $ | 22,963 | $ | 5,813 | $ | 7,965 | ||||||||||||
Net realized gains from investments, futures, written options, swaps and foreign currency transactions | 12,970 | 32,179 | 19,068 | 33,400 | 25,095 | 105,278 | ||||||||||||||||||
Change in unrealized appreciation/(depreciation) on investments, futures, written options, swaps and foreign currency translations | 19,692 | (36,156) | 33,016 | (31,062) | 2,662 | (53,481) | ||||||||||||||||||
Change in net assets resulting from operations | 42,376 | 10,697 | 67,359 | 25,301 | 33,570 | 59,762 | ||||||||||||||||||
Distributions to Shareholders from: | ||||||||||||||||||||||||
Net investment income: | ||||||||||||||||||||||||
HC Strategic Shares | (9,824) | (14,617) | (15,927) | (22,041) | (6,315) | (7,914) | ||||||||||||||||||
HC Advisors Shares | (18) | (18) | (26) | (36) | (12) | (10) | ||||||||||||||||||
Net realized gains from investment, futures, options and foreign currency transactions: | ||||||||||||||||||||||||
HC Strategic Shares | — | — | (51,203) | (13,397) | — | — | ||||||||||||||||||
HC Advisors Shares | — | — | (87) | (20) | — | — | ||||||||||||||||||
Change in net assets resulting from distributions | (9,842) | (14,635) | (67,243) | (35,494) | (6,327) | (7,924) | ||||||||||||||||||
Shares of Beneficial Interest: | ||||||||||||||||||||||||
HC Strategic Shares | ||||||||||||||||||||||||
Proceeds from shares issued | 109,697 | 192,440 | 47,501 | 343,758 | 25,515 | 144,801 | ||||||||||||||||||
Proceeds from reinvestment of dividends | 8,449 | 12,769 | 65,727 | 33,211 | 5,290 | 6,620 | ||||||||||||||||||
Cost of shares redeemed | (92,345) | (127,705) | (46,063) | (228,109) | (102,484) | (206,892) | ||||||||||||||||||
Change in net assets from HC Strategic Shares of beneficial interest | 25,801 | 77,504 | 67,165 | 148,860 | (71,679) | (55,471) | ||||||||||||||||||
HC Advisors Shares | ||||||||||||||||||||||||
Proceeds from shares issued | 368 | 217 | 5 | 500 | 437 | 180 | ||||||||||||||||||
Cost of shares redeemed | (5) | (151) | — | (122) | (7) | (255) | ||||||||||||||||||
Change in net assets from HC Advisors Shares of beneficial interest | 363 | 66 | 5 | 378 | 430 | (75) | ||||||||||||||||||
Change in net assets from shares of beneficial interest | 26,164 | 77,570 | 67,170 | 149,238 | (71,249) | (55,546) | ||||||||||||||||||
Change in net assets | 58,698 | 73,632 | 67,286 | 139,045 | (44,006) | (3,708) | ||||||||||||||||||
Net Assets: | ||||||||||||||||||||||||
Beginning of period | 609,105 | 535,473 | 960,454 | 821,409 | 732,514 | 736,222 | ||||||||||||||||||
End of period | $ | 667,803 | $ | 609,105 | $ | 1,027,740 | $ | 960,454 | $ | 688,508 | $ | 732,514 | ||||||||||||
Accumulated net investment income/(distributions in excess of net investment income) | $ | 187 | $ | 315 | $ | 272 | $ | 950 | $ | (25) | $ | 489 | ||||||||||||
Share Transactions: | ||||||||||||||||||||||||
HC Strategic Shares | ||||||||||||||||||||||||
Issued | 8,640 | 16,650 | 3,700 | 28,903 | 1,663 | 9,964 | ||||||||||||||||||
Reinvested | 657 | 1,072 | 5,205 | 2,790 | 341 | 479 | ||||||||||||||||||
Redeemed | (7,266) | (10,736) | (3,592) | (18,554) | (6,607) | (14,310) | ||||||||||||||||||
Change in HC Strategic Shares | 2,031 | 6,986 | 5,313 | 13,139 | (4,603) | (3,867) | ||||||||||||||||||
HC Advisors Shares | ||||||||||||||||||||||||
Issued | 29 | 18 | — | 41 | 28 | 12 | ||||||||||||||||||
Redeemed | — | (13) | — | (9) | — | (19) | ||||||||||||||||||
Change in HC Advisors Shares | 29 | 5 | — | 32 | 28 | (7) | ||||||||||||||||||
Total change in shares | 2,060 | 6,991 | 5,313 | 13,171 | (4,575) | (3,874) |
Amounts designated as “—” are $0 or have been rounded to $0.
See accompanying notes to financial statements.
171
HC CAPITAL TRUST
Statements of Changes in Net Assets (continued)
(Amounts in thousands)
The Institutional Growth Equity Portfolio | The Small Capitalization Equity Portfolio | The Institutional Small Capitalization Equity Portfolio | ||||||||||||||||||||||
For the Six Months Ended December 31, 2012 | For the Year Ended June 30, 2012 | For the Six Months Ended December 31, 2012 | For the Year Ended June 30, 2012 | For the Six Months Ended December 31, 2012 | For the Year Ended June 30, 2012 | |||||||||||||||||||
(Unaudited) | (Unaudited) | (Unaudited) | ||||||||||||||||||||||
Operations: | ||||||||||||||||||||||||
Net investment income | $ | 9,072 | $ | 12,535 | $ | 1,066 | $ | 644 | $ | 1,394 | $ | 531 | ||||||||||||
Net realized gains from investments, futures, written options, swaps and foreign currency transactions | 47,955 | 133,951 | 3,040 | 5,693 | 2,657 | 4,284 | ||||||||||||||||||
Change in unrealized appreciation/(depreciation) on investments, futures, written options, swaps and foreign currency translations | (781) | (60,245) | 4,773 | (8,839) | 9,123 | (7,256) | ||||||||||||||||||
Change in net assets resulting from operations | 56,246 | 86,241 | 8,879 | (2,502) | 13,174 | (2,441) | ||||||||||||||||||
Distributions to Shareholders from: | ||||||||||||||||||||||||
Net investment income: | ||||||||||||||||||||||||
HC Strategic Shares | (9,828) | (11,253) | (987) | (626) | (1,346) | (512) | ||||||||||||||||||
HC Advisors Shares | (16) | (18) | (2) | (1) | (2) | (1) | ||||||||||||||||||
Net realized gains from investment, futures, options and foreign currency transactions: | ||||||||||||||||||||||||
HC Strategic Shares | (141,758) | (4,776) | — | — | — | — | ||||||||||||||||||
HC Advisors Shares | (253) | (7) | — | — | — | — | ||||||||||||||||||
Change in net assets resulting from distributions | (151,855) | (16,054) | (989) | (627) | (1,348) | (513) | ||||||||||||||||||
Shares of Beneficial Interest: | ||||||||||||||||||||||||
HC Strategic Shares | ||||||||||||||||||||||||
Proceeds from shares issued | 28,407 | 366,291 | 6,019 | 20,293 | 7,772 | 36,803 | ||||||||||||||||||
Proceeds from reinvestment of dividends | 150,832 | 15,280 | 852 | 543 | 1,147 | 437 | ||||||||||||||||||
Cost of shares redeemed | (131,773) | (433,160) | (8,793) | (27,280) | (5,763) | (25,909) | ||||||||||||||||||
Change in net assets from HC Strategic Shares of beneficial interest | 47,466 | (51,589) | (1,922) | (6,444) | 3,156 | 11,331 | ||||||||||||||||||
HC Advisors Shares | ||||||||||||||||||||||||
Proceeds from shares issued | — | 375 | 74 | 45 | — | 81 | ||||||||||||||||||
Cost of shares redeemed | (11) | (242) | (2) | (35) | — | (33) | ||||||||||||||||||
Change in net assets from HC Advisors Shares of beneficial interest | (11) | 133 | 72 | 10 | — | 48 | ||||||||||||||||||
Change in net assets from shares of beneficial interest | 47,455 | (51,456) | (1,850) | (6,434) | 3,156 | 11,379 | ||||||||||||||||||
Change in net assets | (48,154) | 18,731 | 6,040 | (9,563) | 14,982 | 8,425 | ||||||||||||||||||
Net Assets: | ||||||||||||||||||||||||
Beginning of period | 1,092,375 | 1,073,644 | 125,176 | 134,739 | 197,187 | 188,762 | ||||||||||||||||||
End of period | $ | 1,044,221 | $ | 1,092,375 | $ | 131,216 | $ | 125,176 | $ | 212,169 | $ | 197,187 | ||||||||||||
Accumulated net investment income/(distributions in excess of net investment income) | $ | 1,990 | $ | 2,762 | $ | 157 | $ | 80 | $ | 131 | $ | 85 | ||||||||||||
Share Transactions: | ||||||||||||||||||||||||
HC Strategic Shares | ||||||||||||||||||||||||
Issued | 1,875 | 24,859 | 425 | 1,552 | 569 | 2,863 | ||||||||||||||||||
Reinvested | 11,053 | 1,118 | 59 | 42 | 81 | 35 | ||||||||||||||||||
Redeemed | (8,598) | (29,400) | (627) | (2,041) | (409) | (1,903) | ||||||||||||||||||
Change in HC Strategic Shares | 4,330 | (3,423) | (143) | (447) | 241 | 995 | ||||||||||||||||||
HC Advisors Shares | ||||||||||||||||||||||||
Issued | — | 27 | 5 | 3 | — | 6 | ||||||||||||||||||
Redeemed | (1) | (16) | — | (2) | — | (2) | ||||||||||||||||||
Change in HC Advisors Shares | (1) | 11 | 5 | 1 | — | 4 | ||||||||||||||||||
Total change in shares | 4,328 | (3,412) | (138) | (446) | 241 | 999 |
Amounts designated as “—” are $0 or have been rounded to $0.
See accompanying notes to financial statements.
172
HC CAPITAL TRUST
Statements of Changes in Net Assets (continued)
(Amounts in thousands)
The Real Estate Securities Portfolio | The Commodity Returns Strategy Portfolio(a) | The International Equity Portfolio | ||||||||||||||||||||||
For the Six Months Ended December 31, 2012 | For the Year Ended June 30, 2012 | For the Six Months Ended December 31, 2012 | For the Year Ended June 30, 2012 | For the Six Months Ended December 31, 2012 | For the Year Ended June 30, 2012 | |||||||||||||||||||
(Unaudited) | (Unaudited) | (Unaudited) | ||||||||||||||||||||||
Operations: | ||||||||||||||||||||||||
Net investment income | $ | 478 | $ | 1,338 | $ | 4,317 | $ | 4,217 | $ | 11,691 | $ | 28,860 | ||||||||||||
Net realized gains/(losses) from investments, futures, written options, swaps and foreign currency transactions | 3,369 | 24,118 | 7,778 | (78,075) | 25,566 | 42,008 | ||||||||||||||||||
Change in unrealized appreciation/(depreciation) on investments, futures, written options, swaps and foreign currency translations | (1,453) | (13,379) | 51,746 | (23,244) | 132,464 | (176,317) | ||||||||||||||||||
Change in net assets resulting from operations | 2,394 | 12,077 | 63,841 | (97,102) | 169,721 | (105,449) | ||||||||||||||||||
Distributions to Shareholders from: | ||||||||||||||||||||||||
Net investment income: | ||||||||||||||||||||||||
HC Strategic Shares | (984) | (2,528) | (4,389) | (3,532) | (10,830) | (27,106) | ||||||||||||||||||
HC Advisors Shares | (1) | (2) | (6) | (4) | (20) | (33) | ||||||||||||||||||
Net realized gains from investment, futures, options and foreign currency transactions: | ||||||||||||||||||||||||
HC Strategic Shares | (20,266) | (54,409) | — | (6,914) | — | — | ||||||||||||||||||
HC Advisors Shares | (37) | (86) | — | (8) | — | — | ||||||||||||||||||
Change in net assets resulting from distributions | (21,288) | (57,025) | (4,395) | (10,458) | (10,850) | (27,139) | ||||||||||||||||||
Shares of Beneficial Interest: | ||||||||||||||||||||||||
HC Strategic Shares | ||||||||||||||||||||||||
Proceeds from shares issued | 1,482 | 8,712 | 39,647 | 300,958 | 59,643 | 256,525 | ||||||||||||||||||
Proceeds from reinvestment of dividends | 21,221 | 56,805 | 3,639 | 9,370 | 9,194 | 23,006 | ||||||||||||||||||
Cost of shares redeemed | (8,439) | (90,236) | (22,348) | (16,839) | (108,721) | (161,166) | ||||||||||||||||||
Change in net assets from HC Strategic Shares of beneficial interest | 14,264 | (24,719) | 20,938 | 293,489 | (39,884) | 118,365 | ||||||||||||||||||
HC Advisors Shares | ||||||||||||||||||||||||
Proceeds from shares issued | 4 | 134 | 118 | 470 | 708 | 561 | ||||||||||||||||||
Proceeds from reinvestment of dividends | — | 1 | — | — | — | — | ||||||||||||||||||
Cost of shares redeemed | — | (174) | (66) | (40) | (78) | (273) | ||||||||||||||||||
Change in net assets from HC Advisors Shares of beneficial interest | 4 | (39) | 52 | 430 | 630 | 288 | ||||||||||||||||||
Change in net assets from shares of beneficial interest | 14,268 | (24,758) | 20,990 | 293,919 | (39,254) | 118,653 | ||||||||||||||||||
Change in net assets | (4,626) | (69,706) | 80,436 | 186,359 | 119,617 | (13,935) | ||||||||||||||||||
Net Assets: | ||||||||||||||||||||||||
Beginning of period | 77,866 | 147,572 | 687,814 | 501,455 | 1,192,112 | 1,206,047 | ||||||||||||||||||
End of period | $ | 73,240 | $ | 77,866 | $ | 768,250 | $ | 687,814 | $ | 1,311,729 | $ | 1,192,112 | ||||||||||||
Accumulated net investment income/(distributions in excess of net investment income) | $ | (646) | $ | (739) | $ | 714 | $ | 629 | $ | 2,865 | $ | 2,024 | ||||||||||||
Share Transactions: | ||||||||||||||||||||||||
HC Strategic Shares | ||||||||||||||||||||||||
Issued | 135 | 690 | 3,702 | 29,593 | 5,689 | 26,870 | ||||||||||||||||||
Reinvested | 2,637 | 5,972 | 331 | 911 | 837 | 2,471 | ||||||||||||||||||
Redeemed | (807) | (8,067) | (2,081) | (1,568) | (10,127) | (16,833) | ||||||||||||||||||
Change in HC Strategic Shares | 1,965 | (1,405) | 1,952 | 28,936 | (3,601) | 12,508 | ||||||||||||||||||
HC Advisors Shares | ||||||||||||||||||||||||
Issued | 1 | 12 | 11 | 45 | 69 | 57 | ||||||||||||||||||
Redeemed | — | (15) | (6) | (3) | (7) | (28) | ||||||||||||||||||
Change in HC Advisors Shares | 1 | (3) | 5 | 42 | 62 | 29 | ||||||||||||||||||
Total change in shares | 1,966 | (1,408) | 1,957 | 28,978 | (3,539) | 12,537 |
(a) | Statement has been consolidated. Please see Note 2L in the notes to financial statements for basis of consolidation. |
Amounts designated as “—” are $0 or have been rounded to $0. |
See accompanying notes to financial statements.
173
HC CAPITAL TRUST
Statements of Changes in Net Assets (continued)
(Amounts in thousands)
The Institutional International Equity Portfolio | The Emerging Markets Portfolio | The Core Fixed Income Portfolio | ||||||||||||||||||||||
For the Six Months Ended December 31, 2012 | For the Year Ended June 30, 2012 | For the Six Months Ended December 31, 2012 | For the Year Ended June 30, 2012 | For the Six Months Ended December 31, 2012 | For the Year Ended June 30, 2012 | |||||||||||||||||||
(Unaudited) | (Unaudited) | (Unaudited) | ||||||||||||||||||||||
Operations: | ||||||||||||||||||||||||
Net investment income | $ | 19,449 | $ | 45,986 | $ | 6,640 | $ | 9,519 | $ | 1,076 | $ | 2,468 | ||||||||||||
Net realized gains/(losses) from investments, futures and foreign currency transactions | 13,041 | (22,269) | (3,115) | (23,661) | 899 | 2,314 | ||||||||||||||||||
Change in unrealized appreciation/(depreciation) on investments, futures and foreign currency translations | 255,777 | (165,394) | 100,915 | (68,432) | (67) | 3,194 | ||||||||||||||||||
Change in net assets resulting from operations | 288,267 | (141,677) | 104,440 | (82,574) | 1,908 | 7,976 | ||||||||||||||||||
Distributions to Shareholders from: | ||||||||||||||||||||||||
Net investment income: | ||||||||||||||||||||||||
HC Strategic Shares | (20,872) | (43,385) | (12,659) | (5,047) | (1,302) | (2,525) | ||||||||||||||||||
HC Advisors Shares | (32) | (61) | (22) | (8) | (31) | (59) | ||||||||||||||||||
Net realized gains from investment, futures and foreign currency transactions: | ||||||||||||||||||||||||
HC Strategic Shares | (14,436) | (55,893) | — | (12,583) | (1,728) | (3,842) | ||||||||||||||||||
HC Advisors Shares | (23) | (78) | — | (23) | (42) | (84) | ||||||||||||||||||
Change in net assets resulting from distributions | (35,363) | (99,417) | (12,681) | (17,661) | (3,103) | (6,510) | ||||||||||||||||||
Shares of Beneficial Interest: | ||||||||||||||||||||||||
HC Strategic Shares | ||||||||||||||||||||||||
Proceeds from shares issued | 52,099 | 479,414 | 206,100 | 370,751 | 7,215 | 16,301 | ||||||||||||||||||
Proceeds from reinvestment of dividends | 32,528 | 93,343 | 11,619 | 17,201 | 3,026 | 6,210 | ||||||||||||||||||
Cost of shares redeemed | (112,304) | (95,742) | (40,141) | (79,640) | (6,627) | (32,560) | ||||||||||||||||||
Change in net assets from HC Strategic Shares of beneficial interest | (27,677) | 477,015 | 177,578 | 308,312 | 3,614 | (10,049) | ||||||||||||||||||
HC Advisors Shares | ||||||||||||||||||||||||
Proceeds from shares issued | — | 1,203 | 193 | 725 | 123 | 445 | ||||||||||||||||||
Cost of shares redeemed | (118) | (159) | (36) | (137) | — | (922) | ||||||||||||||||||
Change in net assets from HC Advisors Shares of beneficial interest | (118) | 1,044 | 157 | 588 | 123 | (477) | ||||||||||||||||||
Change in net assets from shares of beneficial interest | (27,795) | 478,059 | 177,735 | 308,900 | 3,737 | (10,526) | ||||||||||||||||||
Change in net assets | 225,109 | 236,965 | 269,494 | 208,665 | 2,542 | (9,060) | ||||||||||||||||||
Net Assets: | ||||||||||||||||||||||||
Beginning of period | 1,993,321 | 1,756,356 | 720,363 | 511,698 | 97,127 | 106,187 | ||||||||||||||||||
End of period | $ | 2,218,430 | $ | 1,993,321 | $ | 989,857 | $ | 720,363 | $ | 99,669 | $ | 97,127 | ||||||||||||
Accumulated net investment income/(distributions in excess of net investment income) | $ | 1,737 | $ | 3,192 | $ | (149) | $ | 5,892 | $ | (228) | $ | 29 | ||||||||||||
Share Transactions: | ||||||||||||||||||||||||
HC Strategic Shares | ||||||||||||||||||||||||
Issued | 5,270 | 51,351 | 10,917 | 20,786 | 697 | 1,579 | ||||||||||||||||||
Reinvested | 3,100 | 10,651 | 593 | 1,006 | 295 | 608 | ||||||||||||||||||
Redeemed | (11,066) | (9,745) | (2,097) | (4,157) | (641) | (3,158) | ||||||||||||||||||
Change in HC Strategic Shares | (2,696) | 52,257 | 9,413 | 17,635 | 351 | (971) | ||||||||||||||||||
HC Advisors Shares | ||||||||||||||||||||||||
Issued | — | 133 | 11 | 40 | 11 | 44 | ||||||||||||||||||
Redeemed | (12) | (16) | (2) | (7) | — | (89) | ||||||||||||||||||
Change in HC Advisors Shares | (12) | 117 | 9 | 33 | 11 | (45) | ||||||||||||||||||
Total change in shares | (2,708) | 52,374 | 9,422 | 17,668 | 362 | (1,016) |
Amounts designated as “—” are $0 or have been rounded to $0.
See accompanying notes to financial statements.
174
HC CAPITAL TRUST
Statements of Changes in Net Assets (continued)
(Amounts in thousands)
The Fixed Income Opportunity Portfolio | The U.S. Government Fixed Income Securities Portfolio | The U.S. Corporate Fixed Income Securities Portfolio | ||||||||||||||||||||||
For the Six Months Ended December 31, 2012 | For the Year Ended June 30, 2012 | For the Six Months Ended December 31, 2012 | For the Year Ended June 30, 2012 | For the Six Months Ended December 31, 2012 | For the Year Ended June 30, 2012 | |||||||||||||||||||
(Unaudited) | (Unaudited) | (Unaudited) | ||||||||||||||||||||||
Operations: | ||||||||||||||||||||||||
Net investment income | $ | 21,116 | $ | 38,418 | $ | 1,546 | $ | 3,704 | $ | 3,725 | $ | 7,288 | ||||||||||||
Net realized gains from investments | 4,376 | 6,433 | 2,602 | 9,349 | 4,093 | 5,700 | ||||||||||||||||||
Change in unrealized appreciation/(depreciation) on investments | 24,447 | (10,935) | (3,040) | 8,874 | 909 | 10,184 | ||||||||||||||||||
Change in net assets resulting from operations | 49,939 | 33,916 | 1,108 | 21,927 | 8,727 | 23,172 | ||||||||||||||||||
Distributions to Shareholders from: | ||||||||||||||||||||||||
Net investment income: | ||||||||||||||||||||||||
HC Strategic Shares | (23,584) | (38,042) | (1,598) | (3,741) | (3,874) | (7,307) | ||||||||||||||||||
HC Advisors Shares | (29) | (62) | — | — | — | — | ||||||||||||||||||
Net realized gains from investment transactions: | ||||||||||||||||||||||||
HC Strategic Shares | — | — | (6,578) | (4,574) | (5,533) | (1,753) | ||||||||||||||||||
Change in net assets resulting from distributions | (23,613) | (38,104) | (8,176) | (8,315) | (9,407) | (9,060) | ||||||||||||||||||
Shares of Beneficial Interest: | ||||||||||||||||||||||||
HC Strategic Shares | ||||||||||||||||||||||||
Proceeds from shares issued | 39,374 | 201,651 | 9,249 | 22,529 | 10,004 | 18,669 | ||||||||||||||||||
Proceeds from reinvestment of dividends | 22,220 | 36,098 | 7,820 | 7,638 | 8,912 | 8,203 | ||||||||||||||||||
Cost of shares redeemed | (22,227) | (100,061) | (10,437) | (85,439) | (10,443) | (66,892) | ||||||||||||||||||
Change in net assets from HC Strategic Shares of beneficial interest | 39,367 | 137,688 | 6,632 | (55,272) | 8,473 | (40,020) | ||||||||||||||||||
HC Advisors Shares | ||||||||||||||||||||||||
Proceeds from shares issued | 25 | 142 | — | — | — | — | ||||||||||||||||||
Cost of shares redeemed | — | (196) | — | — | — | — | ||||||||||||||||||
Change in net assets from HC Advisors Shares of beneficial interest | 25 | (54) | — | — | — | — | ||||||||||||||||||
Change in net assets from shares of beneficial interest | 39,392 | 137,634 | 6,632 | (55,272) | 8,473 | (40,020) | ||||||||||||||||||
Change in net assets | 65,718 | 133,446 | (436) | (41,660) | 7,793 | (25,908) | ||||||||||||||||||
Net Assets: | ||||||||||||||||||||||||
Beginning of period | 586,706 | 453,260 | 250,150 | 291,810 | 207,893 | 233,801 | ||||||||||||||||||
End of period | $ | 652,424 | $ | 586,706 | $ | 249,714 | $ | 250,150 | $ | 215,686 | $ | 207,893 | ||||||||||||
Accumulated net investment income/(distributions in excess of net investment income) | $ | 106 | $ | 2,603 | $ | (4) | $ | 48 | $ | (3) | $ | 146 | ||||||||||||
Share Transactions: | ||||||||||||||||||||||||
HC Strategic Shares | ||||||||||||||||||||||||
Issued | 5,287 | 28,758 | 881 | 2,179 | 926 | 1,797 | ||||||||||||||||||
Reinvested | 2,962 | 5,130 | 764 | 734 | 837 | 790 | ||||||||||||||||||
Redeemed | (2,949) | (13,951) | (1,007) | (8,188) | (970) | (6,415) | ||||||||||||||||||
Change in HC Strategic Shares | 5,300 | 19,937 | 638 | (5,275) | 793 | (3,828) | ||||||||||||||||||
HC Advisors Shares | ||||||||||||||||||||||||
Issued | 3 | 20 | — | — | — | — | ||||||||||||||||||
Redeemed | — | (27) | — | — | — | — | ||||||||||||||||||
Change in HC Advisors Shares | 3 | (7) | — | — | — | — | ||||||||||||||||||
Total change in shares | 5,303 | 19,930 | 638 | (5,275) | 793 | (3,828) |
Amounts designated as “—” are $0 or have been rounded to $0.
See accompanying notes to financial statements.
175
HC CAPITAL TRUST
Statements of Changes in Net Assets (continued)
(Amounts in thousands)
The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio | The Short-Term Municipal Bond Portfolio | The Intermediate Term Municipal Bond Portfolio | ||||||||||||||||||||||
For the Six Months Ended December 31, 2012 | For the Year Ended June 30, 2012 | For the Six Months Ended December 31, 2012 | For the Year Ended June 30, 2012 | For the Six Months Ended December 31, 2012 | For the Year Ended June 30, 2012 | |||||||||||||||||||
(Unaudited) | (Unaudited) | (Unaudited) | ||||||||||||||||||||||
Operations: | ||||||||||||||||||||||||
Net investment income | $ | 2,391 | $ | 6,281 | $ | 171 | $ | 569 | $ | 6,948 | $ | 15,318 | ||||||||||||
Net realized gains from investments and futures | 481 | 2,228 | 39 | 240 | 12,498 | 6,669 | ||||||||||||||||||
Change in unrealized appreciation/(depreciation) on investments and futures | (260) | 4,283 | (109) | (71) | (6,683) | 16,181 | ||||||||||||||||||
Change in net assets resulting from operations | 2,612 | 12,792 | 101 | 738 | 12,763 | 38,168 | ||||||||||||||||||
Distributions to Shareholders from: | ||||||||||||||||||||||||
Net investment income: | ||||||||||||||||||||||||
HC Strategic Shares | (4,436) | (8,922) | (184) | (572) | (7,455) | (15,512) | ||||||||||||||||||
HC Advisors Shares | — | — | — | — | (24) | (33) | ||||||||||||||||||
Net realized gains from investment and futures transactions: | ||||||||||||||||||||||||
HC Strategic Shares | — | (905) | (232) | (64) | — | — | ||||||||||||||||||
Change in net assets resulting from distributions | (4,436) | (9,827) | (416) | (636) | (7,479) | (15,545) | ||||||||||||||||||
Shares of Beneficial Interest: | ||||||||||||||||||||||||
HC Strategic Shares | ||||||||||||||||||||||||
Proceeds from shares issued | 12,451 | 24,238 | 3,623 | 2,569 | 26,525 | 38,957 | ||||||||||||||||||
Proceeds from reinvestment of dividends | 3,716 | 8,375 | 408 | 626 | 7,170 | 14,835 | ||||||||||||||||||
Cost of shares redeemed | (9,913) | (75,881) | (3,771) | (10,097) | (50,813) | (127,226) | ||||||||||||||||||
Change in net assets from HC Strategic Shares of beneficial interest | 6,254 | (43,268) | 260 | (6,902) | (17,118) | (73,434) | ||||||||||||||||||
HC Advisors Shares | ||||||||||||||||||||||||
Proceeds from shares issued | — | — | — | — | 599 | 296 | ||||||||||||||||||
Cost of shares redeemed | — | — | — | — | (9) | (504) | ||||||||||||||||||
Change in net assets from HC Advisors Shares of beneficial interest | — | — | — | — | 590 | (208) | ||||||||||||||||||
Change in net assets from shares of beneficial interest | 6,254 | (43,268) | 260 | (6,902) | (16,528) | (73,642) | ||||||||||||||||||
Change in net assets | 4,430 | (40,303) | (55) | (6,800) | (11,244) | (51,019) | ||||||||||||||||||
Net Assets: | ||||||||||||||||||||||||
Beginning of period | 237,857 | 278,160 | 25,718 | 32,518 | 443,421 | 494,440 | ||||||||||||||||||
End of period | $ | 242,287 | $ | 237,857 | $ | 25,663 | $ | 25,718 | $ | 432,177 | $ | 443,421 | ||||||||||||
Accumulated net investment income/(distributions in excess of net investment income) | $ | (1,897) | $ | 148 | $ | (21) | $ | (8) | $ | (81) | $ | 450 | ||||||||||||
Share Transactions: | ||||||||||||||||||||||||
HC Strategic Shares | ||||||||||||||||||||||||
Issued | 1,214 | 2,371 | 356 | 252 | 2,599 | 3,895 | ||||||||||||||||||
Reinvested | 363 | 820 | 40 | 61 | 701 | 1,491 | ||||||||||||||||||
Redeemed | (971) | (7,397) | (368) | (983) | (4,948) | (12,759) | ||||||||||||||||||
Change in HC Strategic Shares | 606 | (4,206) | 28 | (670) | (1,648) | (7,373) | ||||||||||||||||||
HC Advisors Shares | ||||||||||||||||||||||||
Issued | — | — | — | — | 58 | 30 | ||||||||||||||||||
Redeemed | — | — | — | — | (1) | (51) | ||||||||||||||||||
Change in HC Advisors Shares | — | — | — | — | 57 | (21) | ||||||||||||||||||
Total change in shares | 606 | (4,206) | 28 | (670) | (1,591) | (7,394) |
Amounts designated as “—” are $0 or have been rounded to $0.
See accompanying notes to financial statements.
176
HC CAPITAL TRUST
Statements of Changes in Net Assets (concluded)
(Amounts in thousands)
The Intermediate Term Municipal Bond II Portfolio | ||||||||
For the Six Months Ended December 31, 2012 | For the Year Ended June 30, 2012 | |||||||
(Unaudited) | ||||||||
Operations: | ||||||||
Net investment income | $ | 769 | $ | 1,581 | ||||
Net realized gains from investments | 222 | 241 | ||||||
Change in unrealized appreciation on investments | 205 | 3,116 | ||||||
Change in net assets resulting from operations | 1,196 | 4,938 | ||||||
Distributions to Shareholders from: | ||||||||
Net investment income: | ||||||||
HC Strategic Shares | (792) | (1,607) | ||||||
HC Advisors Shares | (4) | (6) | ||||||
Net realized gains from investment transactions: | ||||||||
HC Strategic Shares | (193) | (46) | ||||||
HC Advisors Shares | (1) | — | ||||||
Change in net assets resulting from distributions | (990) | (1,659) | ||||||
Shares of Beneficial Interest: | ||||||||
HC Strategic Shares | ||||||||
Proceeds from shares issued | 4,462 | 11,412 | ||||||
Proceeds from reinvestment of dividends | 963 | 1,608 | ||||||
Cost of shares redeemed | (8,616) | (16,203) | ||||||
Change in net assets from HC Strategic Shares of beneficial interest | (3,191) | (3,183) | ||||||
HC Advisors Shares | ||||||||
Proceeds from shares issued | 160 | 78 | ||||||
Cost of shares redeemed | (2) | (117) | ||||||
Change in net assets from HC Advisors Shares of beneficial interest | 158 | (39) | ||||||
Change in net assets from shares of beneficial interest | (3,033) | (3,222) | ||||||
Change in net assets | (2,827) | 57 | ||||||
Net Assets: | ||||||||
Beginning of period | 72,654 | 72,597 | ||||||
End of period | $ | 69,827 | $ | 72,654 | ||||
Accumulated net investment income/(distributions in excess of net investment income) | $ | (31) | $ | (4) | ||||
Share Transactions: | ||||||||
HC Strategic Shares | ||||||||
Issued | 420 | 1,093 | ||||||
Reinvested | 91 | 154 | ||||||
Redeemed | (807) | (1,552) | ||||||
Change in HC Strategic Shares | (296) | (305) | ||||||
HC Advisors Shares | ||||||||
Issued | 15 | 7 | ||||||
Redeemed | — | (11) | ||||||
Change in HC Advisors Shares | 15 | (4) | ||||||
Total change in shares | (281) | (309) |
Amounts designated as “—” are $0 or have been rounded to $0.
See accompanying notes to financial statements.
177
HC CAPITAL TRUST
Financial Highlights
Selected data for a share outstanding throughout the periods indicated.
Change in Net Assets Resulting From Operations: | Distributions to Shareholders: | ||||||||||||||||||||||||||||||||
Net Asset Value, Beginning of Period | Net Investment Income (Loss) | Net Realized/ Unrealized Gains (Losses) on Investments | Total from Operations | Net Investment Income | Net Realized Gains from Investments | Tax Return of Capital | Total Distributions to Shareholders | ||||||||||||||||||||||||||
The Value Equity Portfolio HC Strategic Shares | |||||||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 12.22 | $ | 0.19 | $ | 0.65 | $ | 0.84 | $ | (0.19) | $ | — | $ | — | $ | (0.19) | |||||||||||||||||
Year Ended June 30, 2012 | 12.50 | 0.30 | (0.28) | 0.02 | (0.30) | — | — | (0.30) | |||||||||||||||||||||||||
Year Ended June 30, 2011 | 9.98 | 0.22 | 2.52 | 2.74 | (0.22) | — | — | (0.22) | |||||||||||||||||||||||||
Year Ended June 30, 2010 | 8.84 | 0.21 | 1.13 | 1.34 | (0.20) | — | — | (0.20) | |||||||||||||||||||||||||
Year Ended June 30, 2009 | 13.22 | 0.29 | (4.21) | (3.92) | (0.30) | (0.16) | — | (0.46) | |||||||||||||||||||||||||
Year Ended June 30, 2008 | 18.26 | 0.32 | (3.32) | (3.00) | (0.33) | (1.71) | — | (2.04) | |||||||||||||||||||||||||
HC Advisors Shares | |||||||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 12.22 | $ | 0.19 | $ | 0.65 | $ | 0.84 | $ | (0.19) | $ | — | $ | — | $ | (0.19) | |||||||||||||||||
Year Ended June 30, 2012 | 12.49 | 0.31 | (0.28) | 0.03 | (0.30) | — | — | (0.30) | |||||||||||||||||||||||||
Period Ended June 30, 2011(e) | 9.93 | 0.21 | 2.57 | 2.78 | (0.22) | — | — | (0.22) | |||||||||||||||||||||||||
The Institutional Value Equity Portfolio HC Strategic Shares | |||||||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 12.55 | $ | 0.19 | $ | 0.67 | $ | 0.86 | $ | (0.20) | $ | (0.65) | $ | — | $ | (0.85) | |||||||||||||||||
Year Ended June 30, 2012 | 12.96 | 0.13 | (0.06) | 0.07 | (0.30) | (0.18) | — | (0.48) | |||||||||||||||||||||||||
Year Ended June 30, 2011 | 10.26 | 0.23 | 2.67 | 2.90 | (0.20) | — | — | (0.20) | |||||||||||||||||||||||||
Year Ended June 30, 2010 | 9.02 | 0.17 | 1.24 | 1.41 | (0.17) | — | — | (0.17) | |||||||||||||||||||||||||
Period Ended June 30, 2009(g) | 12.93 | 0.26 | (3.93) | (3.67) | (0.24) | — | — | (0.24) | |||||||||||||||||||||||||
HC Advisors Shares | |||||||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 12.55 | $ | 0.19 | $ | 0.67 | $ | 0.86 | $ | (0.20) | $ | (0.65) | $ | — | $ | (0.85) | |||||||||||||||||
Year Ended June 30, 2012 | 12.97 | 0.14 | (0.08) | 0.06 | (0.30) | (0.18) | — | (0.48) | |||||||||||||||||||||||||
Period Ended June 30, 2011(e) | 10.21 | 0.21 | 2.75 | 2.96 | (0.20) | — | — | (0.20) | |||||||||||||||||||||||||
The Growth Equity Portfolio HC Strategic Shares | |||||||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 14.88 | $ | 0.13 | $ | 0.55 | $ | 0.68 | $ | (0.14) | $ | — | $ | — | $ | (0.14) | |||||||||||||||||
Year Ended June 30, 2012 | 13.87 | 0.15 | 1.01 | 1.16 | (0.15) | — | — | (0.15) | |||||||||||||||||||||||||
Year Ended June 30, 2011 | 10.39 | 0.10 | 3.48 | 3.58 | (0.10) | — | — | (0.10) | |||||||||||||||||||||||||
Year Ended June 30, 2010 | 9.42 | 0.10 | 0.97 | 1.07 | (0.10) | — | — | (0.10) | |||||||||||||||||||||||||
Year Ended June 30, 2009 | 12.09 | 0.10 | (2.67) | (2.57) | (0.10) | — | — | (0.10) | |||||||||||||||||||||||||
Year Ended June 30, 2008 | 12.85 | 0.12 | (0.75) | (0.63) | (0.13) | — | — | (0.13) | |||||||||||||||||||||||||
HC Advisors Shares | |||||||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 14.86 | $ | 0.12 | $ | 0.56 | $ | 0.68 | $ | (0.14) | $ | — | $ | — | $ | (0.14) | |||||||||||||||||
Year Ended June 30, 2012 | 13.85 | 0.15 | 1.01 | 1.16 | (0.15) | — | — | (0.15) | |||||||||||||||||||||||||
Period Ended June 30, 2011(e) | 10.40 | 0.10 | 3.45 | 3.55 | (0.10) | — | — | (0.10) | |||||||||||||||||||||||||
The Institutional Growth Equity Portfolio HC Strategic Shares | |||||||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 15.02 | $ | 0.13 | $ | 0.63 | $ | 0.76 | $ | (0.14) | $ | (2.09) | $ | — | $ | (2.23) | |||||||||||||||||
Year Ended June 30, 2012 | 14.10 | 0.16 | 0.97 | 1.13 | (0.15) | (0.06) | — | (0.21) | |||||||||||||||||||||||||
Year Ended June 30, 2011 | 10.58 | 0.12 | 3.50 | 3.62 | (0.10) | — | — | (0.10) | |||||||||||||||||||||||||
Year Ended June 30, 2010 | 9.50 | 0.07 | 1.10 | 1.17 | (0.09) | — | — | (0.09) | |||||||||||||||||||||||||
Period Ended June 30, 2009(h) | 12.36 | 0.11 | (2.88) | (2.77) | (0.09) | — | — | (0.09) | |||||||||||||||||||||||||
HC Advisors Shares | |||||||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 15.01 | $ | 0.13 | $ | 0.64 | $ | 0.77 | $ | (0.14) | $ | (2.09) | $ | — | $ | (2.23) | |||||||||||||||||
Year Ended June 30, 2012 | 14.10 | 0.16 | 0.96 | 1.12 | (0.15) | (0.06) | — | (0.21) | |||||||||||||||||||||||||
Period Ended June 30, 2011(e) | 10.59 | 0.11 | 3.50 | 3.61 | (0.10) | — | — | (0.10) | |||||||||||||||||||||||||
The Small Capitalization Equity Portfolio HC Strategic Shares | |||||||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 13.68 | $ | 0.11 | $ | 0.88 | $ | 0.99 | $ | (0.11) | $ | — | $ | — | $ | (0.11) | |||||||||||||||||
Year Ended June 30, 2012 | 14.04 | 0.07 | (0.36) | (0.29) | (0.07) | — | — | (0.07) | |||||||||||||||||||||||||
Year Ended June 30, 2011 | 10.41 | 0.05 | 3.64 | 3.69 | (0.06) | — | — | (0.06) | |||||||||||||||||||||||||
Year Ended June 30, 2010 | 8.94 | 0.04 | 1.47 | 1.51 | (0.04) | — | — | (0.04) | |||||||||||||||||||||||||
Year Ended June 30, 2009 | 12.62 | 0.04 | (3.67) | (3.63) | (0.04) | — | (0.01) | (0.05) | |||||||||||||||||||||||||
Year Ended June 30, 2008 | 15.83 | 0.09 | (1.70) | (1.61) | (0.11) | (1.49) | — | (1.60) | |||||||||||||||||||||||||
HC Advisors Shares | |||||||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 13.66 | $ | 0.11 | $ | 0.89 | $ | 1.00 | $ | (0.11) | $ | — | $ | — | $ | (0.11) | |||||||||||||||||
Year Ended June 30, 2012 | 14.03 | 0.07 | (0.37) | (0.30) | (0.07) | — | — | (0.07) | |||||||||||||||||||||||||
Period Ended June 30, 2011(e) | 10.13 | 0.05 | 3.91 | 3.96 | (0.06) | — | — | (0.06) | |||||||||||||||||||||||||
The Institutional Small Capitalization Equity Portfolio HC Strategic Shares | |||||||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 13.52 | $ | 0.09 | $ | 0.80 | $ | 0.89 | $ | (0.09) | $ | — | $ | — | $ | (0.09) | |||||||||||||||||
Year Ended June 30, 2012 | 13.90 | 0.04 | (0.38) | (0.34) | (0.04) | — | — | (0.04) | |||||||||||||||||||||||||
Year Ended June 30, 2011 | 10.32 | 0.05 | 3.59 | 3.64 | (0.06) | — | — | (0.06) | |||||||||||||||||||||||||
Year Ended June 30, 2010 | 8.88 | 0.05 | 1.43 | 1.48 | (0.04) | — | — | (0.04) | |||||||||||||||||||||||||
Period Ended June 30, 2009(i) | 12.93 | 0.05 | (4.05) | (4.00) | (0.05) | — | — | (j) | (0.05) | ||||||||||||||||||||||||
HC Advisors Shares | |||||||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 13.52 | $ | 0.09 | $ | 0.79 | $ | 0.88 | $ | (0.09) | $ | — | $ | — | $ | (0.09) | |||||||||||||||||
Year Ended June 30, 2012 | 13.90 | 0.04 | (0.38) | (0.34) | (0.04) | — | — | (0.04) | |||||||||||||||||||||||||
Period Ended June 30, 2011(e) | 10.05 | 0.05 | 3.86 | 3.91 | (0.06) | — | — | (0.06) |
(a) | Not annualized for periods less than one year. |
(b) | Annualized for periods less than one year. |
(c) | Portfolio Turnover is calculated on the basis of the Portfolio, as a whole, without distinguishing between the classes of shares issued. |
(d) | Unaudited. |
(e) | For the period July 6, 2010 (commencement of operations) through June 30, 2011. |
(f) | Portfolio Turnover does not include TBA security transactions. |
(g) | For the period July 18, 2008 (commencement of operations) through June 30, 2009. |
(h) | For the period August 8, 2008 (commencement of operations) through June 30, 2009. |
(i) | For the period August 15, 2008 (commencement of operations) through June 30, 2009. |
(j) | Amount rounds to less than $0.005 per share. |
See accompanying notes to financial statements.
178
Ratios/Supplementary Data: | |||||||||||||||||||||||||||||||||
Net Asset Value, End of Period | Total Return(a) | Net Assets at End of Period (in thousands) | Ratio of Expenses to Average Net Assets, Prior to Expenses Paid Indirectly and Waivers(b) | Ratio of Expenses to Average Net Assets, Net of Expenses Paid Indirectly and Waivers(b) | Ratio of Expenses to Average Net Assets, Net of Waivers(b) | Ratio of Net Investment Income (Loss) to Average Net Assets(b) | Portfolio Turnover Rate(a)(c) | ||||||||||||||||||||||||||
The Value Equity Portfolio HC Strategic Shares | |||||||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 12.87 | 6.90 | % | $ | 666,578 | 0.28 | % | 0.26 | % | 0.26 | % | 2.99 | % | 19.19 | % | |||||||||||||||||
Year Ended June 30, 2012 | 12.22 | 0.23 | % | 608,294 | 0.29 | % | 0.26 | % | 0.26 | % | 2.59 | % | 108.58 | % | |||||||||||||||||||
Year Ended June 30, 2011 | 12.50 | 27.56 | % | 534,710 | 0.37 | % | 0.31 | % | 0.31 | % | 1.90 | % | 72.04 | % | |||||||||||||||||||
Year Ended June 30, 2010 | 9.98 | 14.94 | % | 411,468 | 0.38 | % | 0.33 | % | 0.34 | % | 1.88 | % | 77.68 | % | |||||||||||||||||||
Year Ended June 30, 2009 | 8.84 | (29.60 | )% | 477,437 | 0.41 | % | 0.35 | % | 0.40 | % | 2.69 | % | 139.39 | % | |||||||||||||||||||
Year Ended June 30, 2008 | 13.22 | (17.95 | )% | 1,090,524 | 0.45 | % | 0.43 | % | 0.45 | % | 2.08 | % | 76.84 | % | |||||||||||||||||||
HC Advisors Shares | |||||||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 12.87 | 6.82 | % | $ | 1,225 | 0.40 | % | 0.26 | % | 0.26 | % | 3.05 | % | 19.19 | % | |||||||||||||||||
Year Ended June 30, 2012 | 12.22 | 0.32 | % | 811 | 0.29 | % | 0.26 | % | 0.26 | % | 2.58 | % | 108.58 | % | |||||||||||||||||||
Period Ended June 30, 2011(e) | 12.49 | 28.10 | % | 763 | 0.62 | % | 0.31 | % | 0.31 | % | 1.98 | % | 72.04 | % | |||||||||||||||||||
The Institutional Value Equity Portfolio | |||||||||||||||||||||||||||||||||
HC Strategic Shares | |||||||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 12.56 | 6.93 | % | $ | 1,026,076 | 0.29 | % | 0.27 | % | 0.27 | % | 3.00 | % | 19.95 | % | |||||||||||||||||
Year Ended June 30, 2012 | 12.55 | 0.78 | % | 958,796 | 0.29 | % | 0.26 | % | 0.26 | % | 2.58 | % | 128.77 | % | |||||||||||||||||||
Year Ended June 30, 2011 | 12.96 | 28.41 | % | 820,117 | 0.40 | % | 0.35 | % | 0.35 | % | 1.79 | % | 97.05 | %(f) | |||||||||||||||||||
Year Ended June 30, 2010 | 10.26 | 15.54 | % | 688,971 | 0.42 | % | 0.37 | % | 0.38 | % | 1.60 | % | 107.30 | % | |||||||||||||||||||
Period Ended June 30, 2009(g) | 9.02 | (28.85 | )% | 377,956 | 0.41 | % | 0.38 | % | 0.41 | % | 2.96 | % | 129.30 | % | |||||||||||||||||||
HC Advisors Shares | |||||||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 12.56 | 6.93 | % | $ | 1,664 | 0.39 | % | 0.27 | % | 0.27 | % | 3.00 | % | 19.95 | % | |||||||||||||||||
Year Ended June 30, 2012 | 12.55 | 0.70 | % | 1,658 | 0.29 | % | 0.26 | % | 0.26 | % | 2.58 | % | 128.77 | % | |||||||||||||||||||
Period Ended June 30, 2011(e) | 12.97 | 29.14 | % | 1,292 | 0.65 | % | 0.35 | % | 0.35 | % | 1.83 | % | 97.05 | %(f) | |||||||||||||||||||
The Growth Equity Portfolio HC Strategic Shares | |||||||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 15.42 | 4.57 | % | $ | 687,115 | 0.28 | % | 0.28 | % | 0.28 | % | 1.59 | % | 11.75 | % | |||||||||||||||||
Year Ended June 30, 2012 | 14.88 | 8.49 | % | 731,586 | 0.31 | % | 0.31 | % | 0.31 | % | 1.11 | % | 64.59 | % | |||||||||||||||||||
Year Ended June 30, 2011 | 13.87 | 34.56 | % | 735,267 | 0.37 | % | 0.36 | % | 0.37 | % | 0.82 | % | 49.14 | % | |||||||||||||||||||
Year Ended June 30, 2010 | 10.39 | 11.26 | % | 589,930 | 0.37 | % | 0.37 | % | 0.37 | % | 0.89 | % | 51.80 | % | |||||||||||||||||||
Year Ended June 30, 2009 | 9.42 | (21.17 | )% | 783,162 | 0.39 | % | 0.38 | % | 0.39 | % | 1.00 | % | 72.93 | % | |||||||||||||||||||
Year Ended June 30, 2008 | 12.09 | (4.99 | )% | 1,793,843 | 0.32 | % | 0.31 | % | 0.32 | % | 0.94 | % | 42.13 | % | |||||||||||||||||||
HC Advisors Shares | |||||||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 15.40 | 4.57 | % | $ | 1,393 | 0.40 | % | 0.28 | % | 0.28 | % | 1.59 | % | 11.75 | % | |||||||||||||||||
Year Ended June 30, 2012 | 14.86 | 8.50 | % | 928 | 0.31 | % | 0.31 | % | 0.31 | % | 1.10 | % | 64.59 | % | |||||||||||||||||||
Period Ended June 30, 2011(e) | 13.85 | 34.24 | % | 955 | 0.62 | % | 0.36 | % | 0.37 | % | 0.83 | % | 49.14 | % | |||||||||||||||||||
The Institutional Growth Equity Portfolio | |||||||||||||||||||||||||||||||||
HC Strategic Shares | |||||||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 13.55 | 5.07 | % | $ | 1,042,581 | 0.26 | % | 0.26 | % | 0.26 | % | 1.66 | % | 20.56 | % | |||||||||||||||||
Year Ended June 30, 2012 | 15.02 | 8.20 | % | 1,090,547 | 0.32 | % | 0.32 | % | 0.32 | % | 1.18 | % | 83.80 | % | |||||||||||||||||||
Year Ended June 30, 2011 | 14.10 | 34.29 | % | 1,072,089 | 0.39 | % | 0.38 | % | 0.37 | % | 0.92 | % | 85.12 | %(f) | |||||||||||||||||||
Year Ended June 30, 2010 | 10.58 | 12.23 | % | 858,425 | 0.40 | % | 0.40 | % | 0.40 | % | 0.68 | % | 85.24 | % | |||||||||||||||||||
Period Ended June 30, 2009(h) | 9.50 | (21.82 | )% | 541,074 | 0.40 | % | 0.39 | % | 0.39 | % | 1.36 | % | 66.73 | % | |||||||||||||||||||
HC Advisors Shares | |||||||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 13.55 | 5.14 | % | $ | 1,640 | 0.37 | % | 0.26 | % | 0.26 | % | 1.68 | % | 20.56 | % | |||||||||||||||||
Year Ended June 30, 2012 | 15.01 | 8.13 | % | 1,828 | 0.32 | % | 0.32 | % | 0.32 | % | 1.19 | % | 83.80 | % | |||||||||||||||||||
Period Ended June 30, 2011(e) | 14.10 | 34.16 | % | 1,555 | 0.64 | % | 0.38 | % | 0.37 | % | 0.92 | % | 85.12 | %(f) | |||||||||||||||||||
The Small Capitalization Equity Portfolio | |||||||||||||||||||||||||||||||||
HC Strategic Shares | |||||||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 14.56 | 7.25 | % | $ | 130,968 | 0.56 | % | 0.56 | % | 0.56 | % | 1.66 | % | 8.34 | % | |||||||||||||||||
Year Ended June 30, 2012 | 13.68 | (2.06 | )% | 125,014 | 0.63 | % | 0.63 | % | 0.63 | % | 0.52 | % | 57.28 | % | |||||||||||||||||||
Year Ended June 30, 2011 | 14.04 | 35.48 | % | 134,582 | 0.70 | % | 0.70 | % | 0.70 | % | 0.37 | % | 51.76 | % | |||||||||||||||||||
Year Ended June 30, 2010 | 10.41 | 16.83 | % | 113,749 | 0.74 | % | 0.73 | % | 0.74 | % | 0.37 | % | 101.53 | % | |||||||||||||||||||
Year Ended June 30, 2009 | 8.94 | (28.72 | )% | 303,317 | 0.75 | % | 0.74 | % | 0.75 | % | 0.45 | % | 99.01 | % | |||||||||||||||||||
Year Ended June 30, 2008 | 12.62 | (10.87 | )% | 663,733 | 0.62 | % | 0.61 | % | 0.62 | % | 0.63 | % | 111.13 | % | |||||||||||||||||||
HC Advisors Shares | |||||||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 14.55 | 7.33 | % | $ | 248 | 0.68 | % | 0.56 | % | 0.56 | % | 1.66 | % | 8.34 | % | |||||||||||||||||
Year Ended June 30, 2012 | 13.66 | (2.13 | )% | 162 | 0.63 | % | 0.63 | % | 0.63 | % | 0.52 | % | 57.28 | % | |||||||||||||||||||
Period Ended June 30, 2011(e) | 14.03 | 39.12 | % | 157 | 0.95 | % | 0.70 | % | 0.70 | % | 0.37 | % | 51.76 | % | |||||||||||||||||||
The Institutional Small Capitalization Equity Portfolio HC Strategic Shares | |||||||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 14.32 | 6.60 | % | $ | 211,877 | 0.70 | % | 0.69 | % | 0.69 | % | 1.36 | % | 19.07 | % | |||||||||||||||||
Year Ended June 30, 2012 | 13.52 | (2.45 | )% | 196,911 | 0.78 | % | 0.76 | % | 0.76 | % | 0.29 | % | 81.04 | % | |||||||||||||||||||
Year Ended June 30, 2011 | 13.90 | 35.33 | % | 188,534 | 0.71 | % | 0.71 | % | 0.71 | % | 0.42 | % | 100.93 | % | |||||||||||||||||||
Year Ended June 30, 2010 | 10.32 | 16.65 | % | 161,671 | 0.72 | % | 0.71 | % | 0.72 | % | 0.41 | % | 156.96 | % | |||||||||||||||||||
Period Ended June 30, 2009(i) | 8.88 | (31.85 | )% | 200,992 | 0.75 | % | 0.73 | % | 0.74 | % | 0.65 | % | 71.46 | % | |||||||||||||||||||
HC Advisors Shares | |||||||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 14.31 | 6.52 | % | $ | 292 | 0.81 | % | 0.69 | % | 0.69 | % | 1.36 | % | 19.07 | % | |||||||||||||||||
Year Ended June 30, 2012 | 13.52 | (2.45 | )% | 276 | 0.78 | % | 0.76 | % | 0.76 | % | 0.29 | % | 81.04 | % | |||||||||||||||||||
Period Ended June 30, 2011(e) | 13.90 | 38.97 | % | 228 | 0.96 | % | 0.71 | % | 0.71 | % | 0.44 | % | 100.93 | % |
See accompanying notes to financial statements.
179
HC CAPITAL TRUST
Financial Highlights (continued)
Selected data for a share outstanding throughout the periods indicated.
Change in Net Assets Resulting From Operations: | Distributions to Shareholders: | |||||||||||||||||||||||||||||||||||
Net Asset Value, Beginning of Period | Net Investment Income (Loss) | Net Realized/ Unrealized Gains (Losses) on Investments | Total from Operations | Net Investment Income | Net Realized Gains from Investments | Tax Return of Capital | Total Distributions to Shareholders | |||||||||||||||||||||||||||||
The Real Estate Securities Portfolio | ||||||||||||||||||||||||||||||||||||
HC Strategic Shares | ||||||||||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 11.16 | $ | 0.07 | (e) | $ | 0.19 | (e) | $ | 0.26 | $ | (0.11) | $ | (3.12) | $ | — | $ | (3.23) | ||||||||||||||||||
Year Ended June 30, 2012 | 17.60 | 0.13 | (e) | 0.63 | (e) | 0.76 | (0.20) | (7.00) | — | (7.20) | ||||||||||||||||||||||||||
Year Ended June 30, 2011 | 13.53 | 0.20 | 4.71 | 4.91 | (0.33) | (0.51) | — | (0.84) | ||||||||||||||||||||||||||||
Year Ended June 30, 2010 | 10.08 | 0.21 | 3.53 | 3.74 | (0.27) | (0.02) | — | (0.29) | ||||||||||||||||||||||||||||
Period Ended June 30, 2009(f) | 10.00 | 0.02 | 0.07 | 0.09 | (0.01) | — | — | (0.01) | ||||||||||||||||||||||||||||
HC Advisors Shares | ||||||||||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 11.16 | $ | 0.07 | (e) | $ | 0.19 | (e) | $ | 0.26 | $ | (0.11) | $ | (3.12) | $ | — | $ | (3.23) | ||||||||||||||||||
Year Ended June 30, 2012 | 17.60 | 0.17 | (e) | 0.59 | (e) | 0.76 | (0.20) | (7.00) | — | (7.20) | ||||||||||||||||||||||||||
Period Ended June 30, 2011(g) | 13.08 | 0.19 | 5.17 | 5.36 | (0.33) | (0.51) | — | (0.84) | ||||||||||||||||||||||||||||
The Commodity Returns Strategy Portfolio | ||||||||||||||||||||||||||||||||||||
HC Strategic Shares | ||||||||||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d)(h) | $ | 10.01 | $ | 0.06 | $ | 0.86 | $ | 0.92 | $ | (0.06) | $ | — | $ | — | $ | (0.06) | ||||||||||||||||||||
Year Ended June 30, 2012(h) | 12.62 | 0.07 | (2.46) | (2.39) | (0.06) | (0.16) | — | (0.22) | ||||||||||||||||||||||||||||
Year Ended June 30, 2011(h) | 9.57 | 0.04 | 3.19 | 3.23 | (0.04) | (0.14) | — | (0.18) | ||||||||||||||||||||||||||||
Period Ended June 30, 2010(i) | 10.00 | — | (j) | (0.43) | (0.43) | — | — | — | — | |||||||||||||||||||||||||||
HC Advisors Shares | ||||||||||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d)(h) | $ | 10.01 | $ | 0.06 | $ | 0.86 | $ | 0.92 | $ | (0.06) | $ | — | $ | — | $ | (0.06) | ||||||||||||||||||||
Year Ended June 30, 2012(h) | 12.62 | 0.08 | (2.47) | (2.39) | (0.06) | (0.16) | — | (0.22) | ||||||||||||||||||||||||||||
Period Ended June 30, 2011(g)(h) | 9.71 | 0.05 | 3.04 | 3.09 | (0.04) | (0.14) | — | (0.18) | ||||||||||||||||||||||||||||
The International Equity Portfolio | ||||||||||||||||||||||||||||||||||||
HC Strategic Shares | ||||||||||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 9.74 | $ | 0.10 | (e) | $ | 1.29 | (e) | $ | 1.39 | $ | (0.09) | $ | — | $ | — | $ | (0.09) | ||||||||||||||||||
Year Ended June 30, 2012 | 10.98 | 0.24 | (1.25) | (1.01) | (0.23) | — | — | (0.23) | ||||||||||||||||||||||||||||
Year Ended June 30, 2011 | 8.51 | 0.25 | 2.49 | 2.74 | (0.27) | — | — | (0.27) | ||||||||||||||||||||||||||||
Year Ended June 30, 2010 | 7.92 | 0.17 | 0.58 | 0.75 | (0.16) | — | — | (0.16) | ||||||||||||||||||||||||||||
Year Ended June 30, 2009 | 12.41 | 0.17 | (4.17) | (4.00) | (0.13) | (0.35) | (0.01) | (0.49) | ||||||||||||||||||||||||||||
Year Ended June 30, 2008 | 15.35 | 0.26 | (1.36) | (1.10) | (0.28) | (1.56) | — | (1.84) | ||||||||||||||||||||||||||||
HC Advisors Shares | ||||||||||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 9.75 | $ | 0.10 | (e) | $ | 1.29 | (e) | $ | 1.39 | $ | (0.09) | $ | — | $ | — | $ | (0.09) | ||||||||||||||||||
Year Ended June 30, 2012 | 10.99 | 0.24 | (1.25) | (1.01) | (0.23) | — | — | (0.23) | ||||||||||||||||||||||||||||
Period Ended June 30, 2011(g) | 8.74 | 0.23 | 2.29 | 2.52 | (0.27) | — | — | (0.27) | ||||||||||||||||||||||||||||
The Institutional International Equity Portfolio | ||||||||||||||||||||||||||||||||||||
HC Strategic Shares | ||||||||||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 9.38 | $ | 0.09 | $ | 1.27 | $ | 1.36 | $ | (0.10) | $ | (0.07) | $ | — | $ | (0.17) | ||||||||||||||||||||
Year Ended June 30, 2012 | 10.97 | 0.22 | (1.29) | (1.07) | (0.21) | (0.31) | — | (0.52) | ||||||||||||||||||||||||||||
Year Ended June 30, 2011 | 8.51 | 0.25 | 2.49 | 2.74 | (0.28) | — | — | (0.28) | ||||||||||||||||||||||||||||
Period Ended June 30, 2010(k) | 9.64 | 0.14 | (1.14) | (1.00) | (0.13) | — | — | (0.13) | ||||||||||||||||||||||||||||
HC Advisors Shares | ||||||||||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 9.37 | $ | 0.09 | $ | 1.28 | $ | 1.37 | $ | (0.10) | $ | (0.07) | $ | — | $ | (0.17) | ||||||||||||||||||||
Year Ended June 30, 2012 | 10.96 | 0.23 | (1.30) | (1.07) | (0.21) | (0.31) | — | (0.52) | ||||||||||||||||||||||||||||
Period Ended June 30, 2011(g) | 8.73 | 0.24 | 2.27 | 2.51 | (0.28) | — | — | (0.28) | ||||||||||||||||||||||||||||
The Emerging Markets Portfolio | ||||||||||||||||||||||||||||||||||||
HC Strategic Shares | ||||||||||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 17.79 | $ | 0.15 | (e) | $ | 2.15 | (e) | $ | 2.30 | $ | (0.26) | $ | — | $ | — | $ | (0.26) | ||||||||||||||||||
Year Ended June 30, 2012 | 22.42 | 0.18 | (4.20) | (4.02) | (0.17) | (0.44) | — | (0.61) | ||||||||||||||||||||||||||||
Year Ended June 30, 2011 | 17.81 | 0.25 | 4.72 | 4.97 | (0.15) | (0.21) | — | (0.36) | ||||||||||||||||||||||||||||
Period Ended June 30, 2010(l) | 18.84 | 0.12 | (1.15) | (1.03) | — | (j) | — | — | (j) | — | (j) | |||||||||||||||||||||||||
HC Advisors Shares | ||||||||||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 17.79 | $ | 0.15 | (e) | $ | 2.15 | (e) | $ | 2.30 | $ | (0.26) | $ | — | $ | — | $ | (0.26) | ||||||||||||||||||
Year Ended June 30, 2012 | 22.42 | 0.19 | (4.21) | (4.02) | (0.17) | (0.44) | — | (0.61) | ||||||||||||||||||||||||||||
Period Ended June 30, 2011(g) | 18.17 | 0.25 | 4.36 | 4.61 | (0.15) | (0.21) | — | (0.36) | ||||||||||||||||||||||||||||
The Core Fixed Income Portfolio | ||||||||||||||||||||||||||||||||||||
HC Strategic Shares | ||||||||||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 10.27 | $ | 0.11 | $ | 0.09 | $ | 0.20 | $ | (0.14) | $ | (0.18) | $ | — | $ | (0.32) | ||||||||||||||||||||
Year Ended June 30, 2012 | 10.14 | 0.24 | 0.53 | 0.77 | (0.25) | (0.39) | — | (0.64) | ||||||||||||||||||||||||||||
Year Ended June 30, 2011 | 10.25 | 0.19 | 0.15 | 0.34 | (0.25) | (0.20) | — | (0.45) | ||||||||||||||||||||||||||||
Year Ended June 30, 2010 | 9.57 | 0.32 | 0.70 | 1.02 | (0.34) | — | — | (0.34) | ||||||||||||||||||||||||||||
Year Ended June 30, 2009 | 9.78 | 0.46 | (0.17) | 0.29 | (0.50) | — | — | (0.50) | ||||||||||||||||||||||||||||
Year Ended June 30, 2008 | 9.69 | 0.51 | 0.09 | 0.60 | (0.51) | — | — | (0.51) | ||||||||||||||||||||||||||||
HC Advisors Shares | ||||||||||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 10.26 | $ | 0.11 | $ | 0.09 | $ | 0.20 | $ | (0.14) | $ | (0.18) | $ | — | $ | (0.32) | ||||||||||||||||||||
Year Ended June 30, 2012 | 10.13 | 0.24 | 0.53 | 0.77 | (0.25) | (0.39) | — | (0.64) | ||||||||||||||||||||||||||||
Period Ended June 30, 2011(g) | 10.27 | 0.24 | 0.07 | 0.31 | (0.25) | (0.20) | — | (0.45) |
(a) | Not annualized for periods less than one year. |
(b) | Annualized for periods less than one year. |
(c) | Portfolio Turnover is calculated on the basis of the Portfolio, as a whole, without distinguishing between the classes of shares issued. |
(d) | Unaudited. |
(e) | Per share amounts are based on average shares outstanding. |
(f) | For the period May 21, 2009 (commencement of operations) through June 30, 2009. |
(g) | For the period July 6, 2010 (commencement of operations) through June 30, 2011. |
(h) | Statement has been consolidated. Please see Note 2L in the Notes to Financial Statements for basis of consolidation. |
(i) | For the period June 8, 2010 (commencement of operations) through June 30, 2010. |
(j) | Amount rounds to less than $0.005 per share. |
(k) | For the period November 20, 2009 (commencement of operations) through June 30, 2010. |
(l) | For the period December 10, 2009 (commencement of operations) through June 30, 2010. |
(m) | Portfolio Turnover does not include TBA security transactions. |
See accompanying notes to financial statements.
180
Ratios/Supplementary Data: | ||||||||||||||||||||||||||||||||
Net Asset Value, End of Period | Total Return(a) | Net Assets at End of Period (in thousands) | Ratio of Expenses to Average Net Assets, Prior to Expenses Paid Indirectly and Waivers(b) | Ratio of Expenses to Average Net Assets, Net of Expenses Paid Indirectly and Waivers(b) | Ratio of Expenses to Average Net Assets, Net of Waivers(b) | Ratio of Net Investment Income (Loss) to Average Net Assets(b) | Portfolio Turnover Rate(a)(c) | |||||||||||||||||||||||||
The Real Estate Securities Portfolio | ||||||||||||||||||||||||||||||||
HC Strategic Shares | ||||||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 8.19 | 3.23 | % | $ | 73,144 | 0.86 | % | 0.86 | % | 0.86 | % | 1.28 | % | 22.24 | % | ||||||||||||||||
Year Ended June 30, 2012 | 11.16 | 12.29 | % | 77,739 | 0.82 | % | 0.82 | % | 0.82 | % | 1.00 | % | 70.31 | % | ||||||||||||||||||
Year Ended June 30, 2011 | 17.60 | 37.15 | % | 147,326 | 0.80 | % | 0.80 | % | 0.80 | % | 2.15 | % | 79.82 | % | ||||||||||||||||||
Year Ended June 30, 2010 | 13.53 | 37.08 | % | 207,039 | 0.82 | % | 0.82 | % | 0.82 | % | 1.91 | % | 45.39 | % | ||||||||||||||||||
Period Ended June 30, 2009(f) | 10.08 | 0.91 | % | 37,123 | 1.05 | % | 1.05 | % | 1.05 | % | 1.57 | % | 4.41 | % | ||||||||||||||||||
HC Advisors Shares | ||||||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 8.19 | 3.23 | % | $ | 96 | 1.03 | % | 0.86 | % | 0.86 | % | 1.25 | % | 22.24 | % | ||||||||||||||||
Year Ended June 30, 2012 | 11.16 | 12.29 | % | 127 | 0.82 | % | 0.82 | % | 0.82 | % | 1.30 | % | 70.31 | % | ||||||||||||||||||
Period Ended June 30, 2011(g) | 17.60 | 41.98 | % | 246 | 1.05 | % | 0.80 | % | 0.80 | % | 2.08 | % | 79.82 | % | ||||||||||||||||||
The Commodity Returns Strategy Portfolio | ||||||||||||||||||||||||||||||||
HC Strategic Shares | ||||||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 10.87 | 9.21 | % | $ | 767,215 | 0.63 | % | 0.62 | % | 0.62 | % | 1.15 | % | 12.79 | % | ||||||||||||||||
Year Ended June 30, 2012(h) | 10.01 | (18.95 | )% | 686,912 | 0.73 | % | 0.73 | % | 0.73 | % | 0.83 | % | 83.66 | % | ||||||||||||||||||
Year Ended June 30, 2011(h) | 12.62 | 33.86 | % | 500,846 | 1.03 | % | 1.03 | % | 1.03 | % | 0.40 | % | 79.60 | % | ||||||||||||||||||
Period Ended June 30, 2010(i) | 9.57 | (4.30 | )% | 120,841 | 1.06 | % | 1.06 | % | 1.06 | % | (0.40 | )% | 3.26 | % | ||||||||||||||||||
HC Advisors Shares | ||||||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 10.87 | 9.21 | % | $ | 1,035 | 0.73 | % | 0.62 | % | 0.62 | % | 1.15 | % | 12.79 | % | ||||||||||||||||
Year Ended June 30, 2012(h) | 10.01 | (18.95 | )% | 902 | 0.73 | % | 0.73 | % | 0.73 | % | 0.84 | % | 83.66 | % | ||||||||||||||||||
Period Ended June 30, 2011(g)(h) | 12.62 | 31.93 | % | 609 | 1.28 | % | 1.03 | % | 1.03 | % | 0.44 | % | 79.60 | % | ||||||||||||||||||
The International Equity Portfolio | ||||||||||||||||||||||||||||||||
HC Strategic Shares | ||||||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 11.04 | 14.28 | % | $ | 1,309,253 | 0.41 | % | 0.41 | % | 0.41 | % | 1.83 | % | 21.92 | % | ||||||||||||||||
Year Ended June 30, 2012 | 9.74 | (9.13 | )% | 1,190,531 | 0.54 | % | 0.54 | % | 0.54 | % | 2.58 | % | 68.87 | % | ||||||||||||||||||
Year Ended June 30, 2011 | 10.98 | 32.30 | % | 1,204,581 | 0.57 | % | 0.57 | % | 0.57 | % | 2.42 | % | 49.11 | % | ||||||||||||||||||
Year Ended June 30, 2010 | 8.51 | 9.39 | % | 926,187 | 0.60 | % | 0.60 | % | 0.60 | % | 1.51 | % | 74.59 | % | ||||||||||||||||||
Year Ended June 30, 2009 | 7.92 | (31.95 | )% | 1,678,621 | 0.62 | % | 0.61 | % | 0.62 | % | 2.41 | % | 70.27 | % | ||||||||||||||||||
Year Ended June 30, 2008 | 12.41 | (8.11 | )% | 1,811,359 | 0.81 | % | 0.81 | % | 0.81 | % | 1.80 | % | 57.27 | % | ||||||||||||||||||
HC Advisors Shares | ||||||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 11.05 | 14.27 | % | $ | 2,476 | 0.53 | % | 0.41 | % | 0.41 | % | 1.83 | % | 21.92 | % | ||||||||||||||||
Year Ended June 30, 2012 | 9.75 | (9.12 | )% | 1,581 | 0.54 | % | 0.54 | % | 0.54 | % | 2.62 | % | 68.87 | % | ||||||||||||||||||
Period Ended June 30, 2011(g) | 10.99 | 28.93 | % | 1,466 | 0.82 | % | 0.57 | % | 0.57 | % | 3.05 | % | 49.11 | % | ||||||||||||||||||
The Institutional International Equity Portfolio | ||||||||||||||||||||||||||||||||
HC Strategic Shares | ||||||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 10.57 | 14.52 | % | $ | 2,215,005 | 0.42 | % | 0.42 | % | 0.42 | % | 1.83 | % | 17.52 | % | ||||||||||||||||
Year Ended June 30, 2012 | 9.38 | (9.40 | )% | 1,990,173 | 0.55 | % | 0.55 | % | 0.55 | % | 2.59 | % | 68.64 | % | ||||||||||||||||||
Year Ended June 30, 2011 | 10.97 | 32.24 | % | 1,753,957 | 0.58 | % | 0.58 | % | 0.58 | % | 2.30 | % | 54.67 | % | ||||||||||||||||||
Period Ended June 30, 2010(k) | 8.51 | (10.46 | )% | 1,417,353 | 0.60 | % | 0.59 | % | 0.60 | % | 2.48 | % | 24.84 | % | ||||||||||||||||||
HC Advisors Shares | ||||||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 10.57 | 14.64 | % | $ | 3,425 | 0.53 | % | 0.42 | % | 0.42 | % | 1.83 | % | 17.52 | % | ||||||||||||||||
Year Ended June 30, 2012 | 9.37 | (9.41 | )% | 3,148 | 0.55 | % | 0.55 | % | 0.55 | % | 2.68 | % | 68.64 | % | ||||||||||||||||||
Period Ended June 30, 2011(g) | 10.96 | 28.79 | % | 2,399 | 0.83 | % | 0.58 | % | 0.58 | % | 2.53 | % | 54.67 | % | ||||||||||||||||||
The Emerging Markets Portfolio | ||||||||||||||||||||||||||||||||
HC Strategic Shares | ||||||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 19.83 | 12.93 | % | $ | 988,179 | 0.79 | % | 0.78 | % | 0.78 | % | 1.65 | % | 41.50 | % | ||||||||||||||||
Year Ended June 30, 2012 | 17.79 | (17.81 | )% | 719,013 | 0.98 | % | 0.98 | % | 0.98 | % | 1.68 | % | 52.27 | % | ||||||||||||||||||
Year Ended June 30, 2011 | 22.42 | 28.05 | % | 510,732 | 1.00 | % | 1.00 | % | 1.00 | % | 1.21 | % | 61.56 | % | ||||||||||||||||||
Period Ended June 30, 2010(l) | 17.81 | (5.45 | )% | 345,184 | 1.04 | % | 1.04 | % | 1.04 | % | 1.32 | % | 44.29 | % | ||||||||||||||||||
HC Advisors Shares | ||||||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 19.83 | 12.93 | % | $ | 1,678 | 0.90 | % | 0.78 | % | 0.78 | % | 1.65 | % | 41.50 | % | ||||||||||||||||
Year Ended June 30, 2012 | 17.79 | (17.81 | )% | 1,350 | 0.98 | % | 0.98 | % | 0.98 | % | 1.68 | % | 52.27 | % | ||||||||||||||||||
Period Ended June 30, 2011(g) | 22.42 | 25.44 | % | 966 | 1.25 | % | 1.00 | % | 1.00 | % | 1.28 | % | 61.56 | % | ||||||||||||||||||
The Core Fixed Income Portfolio | ||||||||||||||||||||||||||||||||
HC Strategic Shares | ||||||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 10.15 | 1.97 | % | $ | 97,344 | 0.29 | % | 0.29 | % | 0.29 | % | 2.15 | % | 24.91 | %(m) | ||||||||||||||||
Year Ended June 30, 2012 | 10.27 | 7.75 | % | 94,895 | 0.30 | % | 0.30 | % | 0.30 | % | 2.34 | % | 64.20 | %(m) | ||||||||||||||||||
Year Ended June 30, 2011 | 10.14 | 3.36 | % | 103,528 | 0.33 | % | 0.33 | % | 0.33 | % | 2.30 | % | 684.04 | %(m) | ||||||||||||||||||
Year Ended June 30, 2010 | 10.25 | 10.78 | % | 356,056 | 0.34 | % | 0.34 | % | 0.34 | % | 3.23 | % | 511.41 | %(m) | ||||||||||||||||||
Year Ended June 30, 2009 | 9.57 | 3.19 | % | 299,234 | 0.38 | % | 0.38 | % | 0.38 | % | 4.88 | % | 221.65 | %(m) | ||||||||||||||||||
Year Ended June 30, 2008 | 9.78 | 6.20 | % | 310,476 | 0.34 | % | 0.34 | % | 0.34 | % | 5.09 | % | 201.23 | %(m) | ||||||||||||||||||
HC Advisors Shares | ||||||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 10.14 | 1.97 | % | $ | 2,325 | 0.41 | % | 0.29 | % | 0.29 | % | 2.15 | % | 24.91 | %(m) | ||||||||||||||||
Year Ended June 30, 2012 | 10.26 | 7.76 | % | 2,232 | 0.30 | % | 0.30 | % | 0.30 | % | 2.36 | % | 64.20 | %(m) | ||||||||||||||||||
Period Ended June 30, 2011(g) | 10.13 | 3.05 | % | 2,659 | 0.58 | % | 0.33 | % | 0.33 | % | 2.26 | % | 684.04 | %(m) |
See accompanying notes to financial statements.
181
HC CAPITAL TRUST
Financial Highlights (concluded)
Selected data for a share outstanding throughout the periods indicated.
Change in Net Assets Resulting From Operations: | Distributions to Shareholders: | ||||||||||||||||||||||||||||
Net Asset Value, Beginning of Period | Net Investment Income (Loss) | Net Realized/ Unrealized Gains (Losses) on Investments | Total from Operations | Net Investment Income | Net Realized Gains from Investments | Total Distributions to Shareholders | |||||||||||||||||||||||
The Fixed Income Opportunity Portfolio HC Strategic Shares | |||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 7.22 | $ | 0.25 | $ | 0.35 | $ | 0.60 | $ | (0.28) | $ | — | $ | (0.28) | |||||||||||||||
Year Ended June 30, 2012 | 7.39 | 0.52 | (0.16) | 0.36 | (0.53) | — | (0.53) | ||||||||||||||||||||||
Year Ended June 30, 2011 | 6.73 | 0.57 | 0.66 | 1.23 | (0.57) | — | (0.57) | ||||||||||||||||||||||
Year Ended June 30, 2010 | 6.19 | 0.58 | 0.52 | 1.10 | (0.56) | — | (0.56) | ||||||||||||||||||||||
Year Ended June 30, 2009 | 6.92 | 0.49 | (0.73) | (0.24) | (0.49) | — | (0.49) | ||||||||||||||||||||||
Year Ended June 30, 2008 | 7.58 | 0.52 | (0.57) | (0.05) | (0.61) | — | (0.61) | ||||||||||||||||||||||
HC Advisors Shares | |||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 7.22 | $ | 0.25 | $ | 0.35 | $ | 0.60 | $ | (0.28) | $ | — | $ | (0.28) | |||||||||||||||
Year Ended June 30, 2012 | 7.39 | 0.53 | (0.17) | 0.36 | (0.53) | — | (0.53) | ||||||||||||||||||||||
Period Ended June 30, 2011(e) | 6.74 | 0.53 | 0.69 | 1.22 | (0.57) | — | (0.57) | ||||||||||||||||||||||
The U.S. Government Fixed Income Securities Portfolio HC Strategic Shares | |||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 10.48 | $ | 0.06 | $ | (0.01) | $ | 0.05 | $ | (0.06) | $ | (0.28) | $ | (0.34) | |||||||||||||||
Year Ended June 30, 2012 | 10.01 | 0.15 | 0.66 | 0.81 | (0.15) | (0.19) | (0.34) | ||||||||||||||||||||||
Period Ended June 30, 2011(f) | 10.00 | 0.07 | 0.01 | 0.08 | (0.07) | — | (0.07) | ||||||||||||||||||||||
The U.S. Corporate Fixed Income Securities Portfolio HC Strategic Shares | |||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 10.59 | $ | 0.18 | $ | 0.25 | $ | 0.43 | $ | (0.19) | $ | (0.27) | $ | (0.46) | |||||||||||||||
Year Ended June 30, 2012 | 9.96 | 0.26 | 0.81 | 1.07 | (0.35) | (0.09) | (0.44) | ||||||||||||||||||||||
Period Ended June 30, 2011(f) | 10.00 | 0.18 | (0.04) | 0.14 | (0.18) | — | (0.18) | ||||||||||||||||||||||
The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio HC Strategic Shares | |||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 10.22 | $ | 0.10 | $ | 0.02 | $ | 0.12 | $ | (0.19) | $ | — | $ | (0.19) | |||||||||||||||
Year Ended June 30, 2012 | 10.13 | 0.25 | 0.24 | 0.49 | (0.36) | (0.04) | (0.40) | ||||||||||||||||||||||
Period Ended June 30, 2011(f) | 10.00 | 0.10 | 0.13 | 0.23 | (0.10) | — | (0.10) | ||||||||||||||||||||||
The Short-Term Municipal Bond Portfolio HC Strategic Shares | |||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 10.26 | $ | 0.07 | $ | (0.02) | $ | 0.05 | $ | (0.07) | $ | (0.11) | $ | (0.18) | |||||||||||||||
Year Ended June 30, 2012 | 10.24 | 0.20 | 0.04 | 0.24 | (0.20) | (0.02) | (0.22) | ||||||||||||||||||||||
Year Ended June 30, 2011 | 10.28 | 0.22 | (0.03) | 0.19 | (0.22) | (0.01) | (0.23) | ||||||||||||||||||||||
Year Ended June 30, 2010 | 10.23 | 0.27 | 0.07 | 0.34 | (0.26) | (0.03) | (0.29) | ||||||||||||||||||||||
Year Ended June 30, 2009 | 10.04 | 0.31 | 0.20 | 0.51 | (0.31) | (0.01) | (0.32) | ||||||||||||||||||||||
Year Ended June 30, 2008 | 9.93 | 0.33 | 0.12 | 0.45 | (0.34) | — | (0.34) | ||||||||||||||||||||||
The Intermediate Term Municipal Bond Portfolio HC Strategic Shares | |||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 10.10 | $ | 0.16 | $ | 0.12 | $ | 0.28 | $ | (0.17) | $ | — | $ | (0.17) | |||||||||||||||
Year Ended June 30, 2012 | 9.64 | 0.33 | 0.46 | 0.79 | (0.33) | — | (0.33) | ||||||||||||||||||||||
Year Ended June 30, 2011 | 9.59 | 0.34 | 0.05 | 0.39 | (0.34) | — | (0.34) | ||||||||||||||||||||||
Year Ended June 30, 2010 | 9.17 | 0.36 | 0.42 | 0.78 | (0.36) | — | (0.36) | ||||||||||||||||||||||
Year Ended June 30, 2009 | 9.58 | 0.40 | (0.41) | (0.01) | (0.40) | — | (0.40) | ||||||||||||||||||||||
Year Ended June 30, 2008 | 9.77 | 0.41 | (0.19) | 0.22 | (0.41) | — | (0.41) | ||||||||||||||||||||||
HC Advisors Shares | |||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 10.10 | $ | 0.16 | $ | 0.12 | $ | 0.28 | $ | (0.17) | $ | — | $ | (0.17) | |||||||||||||||
Year Ended June 30, 2012 | 9.64 | 0.33 | 0.46 | 0.79 | (0.33) | — | (0.33) | ||||||||||||||||||||||
Period Ended June 30, 2011(e) | 9.61 | 0.32 | 0.05 | 0.37 | (0.34) | — | (0.34) | ||||||||||||||||||||||
The Intermediate Term Municipal Bond II Portfolio HC Strategic Shares | |||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 10.56 | $ | 0.11 | $ | 0.06 | $ | 0.17 | $ | (0.12) | $ | (0.03) | $ | (0.15) | |||||||||||||||
Year Ended June 30, 2012 | 10.10 | 0.23 | 0.47 | 0.70 | (0.23) | (0.01) | (0.24) | ||||||||||||||||||||||
Period Ended June 30, 2011(h) | 10.00 | 0.17 | 0.10 | 0.27 | (0.17) | — | (0.17) | ||||||||||||||||||||||
HC Advisors Shares | |||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 10.56 | $ | 0.11 | $ | 0.06 | $ | 0.17 | $ | (0.12) | $ | (0.03) | $ | (0.15) | |||||||||||||||
Year Ended June 30, 2012 | 10.10 | 0.23 | 0.47 | 0.70 | (0.23) | (0.01) | (0.24) | ||||||||||||||||||||||
Period Ended June 30, 2011(i) | 10.11 | 0.14 | (0.01) | 0.13 | (0.14) | — | (0.14) |
(a) | Not annualized for periods less than one year. |
(b) | Annualized for periods less than one year. |
(c) | Portfolio Turnover is calculated on the basis of the Portfolio, as a whole, without distinguishing between the classes of shares issued. |
(d) | Unaudited. |
(e) | For the period July 6, 2010 (commencement of operations) through June 30, 2011. |
(f) | For the period December 6, 2010 (commencement of operations) through June 30, 2011. |
(g) | Portfolio Turnover does not include TBA security transactions. |
(h) | For the period July 13, 2010 (commencement of operations) through June 30, 2011. |
(i) | For the period October 6, 2010 (commencement of operations) through June 30, 2011. |
See accompanying notes to financial statements.
182
Ratios/Supplementary Data: | ||||||||||||||||||||||||||||||||
Net Asset Value, End of Period | Total Return(a) | Net Assets at End of Period (in thousands) | Ratio of Expenses to Average Net Assets, Prior to Expenses Paid Indirectly and Waivers(b) | Ratio of Expenses to Average Net Assets, Net of Expenses Paid Indirectly and Waivers(b) | Ratio of Expenses to Average Net Assets, Net of Waivers(b) | Ratio of Net Investment Income (Loss) to Average Net Assets(b) | Portfolio Turnover Rate(a)(c) | |||||||||||||||||||||||||
The Fixed Income Opportunity Portfolio HC Strategic Shares | ||||||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 7.54 | 8.32 | % | $ | 651,613 | 0.45 | % | 0.45 | % | 0.45 | % | 6.63 | % | 40.20 | % | ||||||||||||||||
Year Ended June 30, 2012 | 7.22 | 5.27 | % | 585,953 | 0.53 | % | 0.53 | % | 0.53 | % | 7.30 | % | 104.25 | % | ||||||||||||||||||
Year Ended June 30, 2011 | 7.39 | 18.78 | % | 452,436 | 0.54 | % | 0.54 | % | 0.54 | % | 7.84 | % | 157.18 | % | ||||||||||||||||||
Year Ended June 30, 2010 | 6.73 | 18.19 | % | 378,847 | 0.56 | % | 0.56 | % | 0.56 | % | 8.57 | % | 126.93 | % | ||||||||||||||||||
Year Ended June 30, 2009 | 6.19 | (2.79 | )% | 283,894 | 0.60 | % | 0.60 | % | 0.60 | % | 8.72 | % | 100.90 | % | ||||||||||||||||||
Year Ended June 30, 2008 | 6.92 | (0.64 | )% | 157,623 | 0.57 | % | 0.57 | % | 0.57 | % | 7.23 | % | 113.40 | % | ||||||||||||||||||
HC Advisors Shares | ||||||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 7.54 | 8.33 | % | $ | 811 | 0.56 | % | 0.45 | % | 0.45 | % | 6.63 | % | 40.20 | % | ||||||||||||||||
Year Ended June 30, 2012 | 7.22 | 5.27 | % | 753 | 0.53 | % | 0.53 | % | 0.53 | % | 7.33 | % | 104.25 | % | ||||||||||||||||||
Period Ended June 30, 2011(e) | 7.39 | 18.61 | % | 824 | 0.79 | % | 0.54 | % | 0.54 | % | 7.80 | % | 157.18 | % | ||||||||||||||||||
The U.S. Government Fixed Income Securities HC Strategic Shares | ||||||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 10.19 | 0.45 | % | $ | 249,714 | 0.24 | % | 0.20 | % | 0.20 | % | 1.21 | % | 39.29 | % | ||||||||||||||||
Year Ended June 30, 2012 | 10.48 | 8.10 | % | 250,150 | 0.25 | % | 0.25 | % | 0.25 | % | 1.40 | % | 89.01 | % | ||||||||||||||||||
Period Ended June 30, 2011(f) | 10.01 | 0.85 | % | 291,810 | 0.26 | % | 0.26 | % | 0.26 | % | 1.43 | % | 73.52 | % | ||||||||||||||||||
The U.S. Corporate Fixed Income Securities HC Strategic Shares | ||||||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 10.56 | 4.14 | % | $ | 215,686 | 0.34 | % | 0.34 | % | 0.34 | % | 3.40 | % | 24.09 | % | ||||||||||||||||
Year Ended June 30, 2012 | 10.59 | 10.87 | % | 207,893 | 0.35 | % | 0.35 | % | 0.35 | % | 3.33 | % | 56.04 | % | ||||||||||||||||||
Period Ended June 30, 2011(f) | 9.96 | 1.44 | % | 233,801 | 0.36 | % | 0.36 | % | 0.36 | % | 3.48 | % | 127.65 | % | ||||||||||||||||||
The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio HC Strategic Shares | ||||||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 10.15 | 1.13 | % | $ | 242,287 | 0.29 | % | 0.29 | % | 0.29 | % | 1.94 | % | 18.65 | %(g) | ||||||||||||||||
Year Ended June 30, 2012 | 10.22 | 4.95 | % | 237,857 | 0.30 | % | 0.30 | % | 0.30 | % | 2.49 | % | 28.67 | %(g) | ||||||||||||||||||
Period Ended June 30, 2011(f) | 10.13 | 2.33 | % | 278,160 | 0.31 | % | 0.31 | % | 0.31 | % | 1.60 | % | 10.64 | %(g) | ||||||||||||||||||
The Short-Term Municipal Bond Portfolio HC Strategic Shares | ||||||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 10.13 | 0.45 | % | $ | 25,663 | 0.26 | % | 0.26 | % | 0.26 | % | 1.33 | % | 16.63 | % | ||||||||||||||||
Year Ended June 30, 2012 | 10.26 | 2.33 | % | 25,718 | 0.27 | % | 0.27 | % | 0.27 | % | 1.88 | % | 22.24 | % | ||||||||||||||||||
Year Ended June 30, 2011 | 10.24 | 1.92 | % | 32,518 | 0.28 | % | 0.28 | % | 0.28 | % | 2.17 | % | 19.68 | % | ||||||||||||||||||
Year Ended June 30, 2010 | 10.28 | 3.39 | % | 37,806 | 0.29 | % | 0.29 | % | 0.29 | % | 2.59 | % | 25.70 | % | ||||||||||||||||||
Year Ended June 30, 2009 | 10.23 | 5.16 | % | 29,490 | 0.31 | % | 0.30 | % | 0.30 | % | 3.05 | % | 18.99 | % | ||||||||||||||||||
Year Ended June 30, 2008 | 10.04 | 4.53 | % | 32,801 | 0.31 | % | 0.31 | % | 0.31 | % | 3.26 | % | 37.07 | % | ||||||||||||||||||
The Intermediate Term Municipal Bond Portfolio HC Strategic Shares | ||||||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 10.21 | 2.78 | % | $ | 430,519 | 0.28 | % | 0.28 | % | 0.28 | % | 3.04 | % | 26.25 | % | ||||||||||||||||
Year Ended June 30, 2012 | 10.10 | 8.29 | % | 442,365 | 0.31 | % | 0.31 | % | 0.31 | % | 3.24 | % | 16.99 | % | ||||||||||||||||||
Year Ended June 30, 2011 | 9.64 | 4.13 | % | 493,229 | 0.33 | % | 0.33 | % | 0.33 | % | 3.48 | % | 21.78 | % | ||||||||||||||||||
Year Ended June 30, 2010 | 9.59 | 8.57 | % | 579,760 | 0.34 | % | 0.34 | % | 0.34 | % | 3.78 | % | 36.62 | % | ||||||||||||||||||
Year Ended June 30, 2009 | 9.17 | (0.07 | )% | 489,168 | 0.35 | % | 0.35 | % | 0.35 | % | 4.26 | % | 23.80 | % | ||||||||||||||||||
Year Ended June 30, 2008 | 9.58 | 2.29 | % | 583,889 | 0.33 | % | 0.33 | % | 0.33 | % | 4.26 | % | 17.20 | % | ||||||||||||||||||
HC Advisors Shares | ||||||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 10.21 | 2.78 | % | $ | 1,658 | 0.41 | % | 0.28 | % | �� | 0.28 | % | 3.04 | % | 26.25 | % | |||||||||||||||
Year Ended June 30, 2012 | 10.10 | 8.29 | % | 1,056 | 0.31 | % | 0.31 | % | 0.31 | % | 3.24 | % | 16.99 | % | ||||||||||||||||||
Period Ended June 30, 2011(e) | 9.64 | 3.92 | % | 1,211 | 0.58 | % | 0.33 | % | 0.33 | % | 3.50 | % | 21.78 | % | ||||||||||||||||||
The Intermediate Term Municipal Bond II Portfolio HC Strategic Shares | ||||||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 10.58 | 1.56 | % | $ | 69,392 | 0.25 | % | 0.25 | % | 0.25 | % | 2.08 | % | 2.25 | % | ||||||||||||||||
Year Ended June 30, 2012 | 10.56 | 6.97 | % | 72,377 | 0.25 | % | 0.25 | % | 0.25 | % | 2.17 | % | 12.31 | % | ||||||||||||||||||
Period Ended June 30, 2011(h) | 10.10 | 2.72 | % | 72,294 | 0.32 | % | 0.32 | % | 0.32 | % | 1.86 | % | 2.81 | % | ||||||||||||||||||
HC Advisors Shares | ||||||||||||||||||||||||||||||||
Six Months Ended December 31, 2012(d) | $ | 10.58 | 1.56 | % | $ | 435 | 0.37 | % | 0.25 | % | 0.25 | % | 2.07 | % | 2.25 | % | ||||||||||||||||
Year Ended June 30, 2012 | 10.56 | 6.97 | % | 277 | 0.25 | % | 0.25 | % | 0.25 | % | 2.24 | % | 12.31 | % | ||||||||||||||||||
Period Ended June 30, 2011(i) | 10.10 | 1.54 | % | 303 | 0.57 | % | 0.32 | % | 0.32 | % | 1.99 | % | 2.81 | % |
See accompanying notes to financial statements.
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1. DESCRIPTION. HC Capital Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management series investment company. The Trust is a Delaware statutory trust which was organized on December 15, 1994. As of December 31, 2012, the Trust offered nineteen separate investment portfolios: The Value Equity Portfolio (“Value Portfolio”), The Institutional Value Equity Portfolio (“Institutional Value Portfolio”), The Growth Equity Portfolio (“Growth Portfolio”), The Institutional Growth Equity Portfolio (“Institutional Growth Portfolio”), The Small Capitalization Equity Portfolio (“Small Cap Portfolio”), The Institutional Small Capitalization Equity Portfolio (“Institutional Small Cap Portfolio”), The Real Estate Securities Portfolio (“Real Estate Portfolio”), The Commodity Returns Strategy Portfolio (“Commodity Portfolio”), The International Equity Portfolio (“International Portfolio”), The Institutional International Equity Portfolio (“Institutional International Portfolio”), The Emerging Markets Portfolio (“Emerging Markets Portfolio”), The Core Fixed Income Portfolio (“Core Fixed Income Portfolio”), The Fixed Income Opportunity Portfolio (“Fixed Opportunity Portfolio”), The U.S. Government Fixed Income Securities Portfolio (“U.S. Government Fixed Income Portfolio”), The U.S. Corporate Fixed Income Securities Portfolio (“U.S. Corporate Fixed Income Portfolio”), The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio (“U.S. Mortgage/Asset Backed Fixed Income Portfolio”), The Short-Term Municipal Bond Portfolio (“Short-Term Municipal Portfolio”), The Intermediate Term Municipal Bond Portfolio (“Intermediate Municipal Portfolio”) and The Intermediate Term Municipal Bond II Portfolio (“Intermediate Municipal II Portfolio”) (each a “Portfolio” and collectively the “Portfolios”).
Each Portfolio is authorized to issue an unlimited number of shares of beneficial interest with a par value of $0.001 each in two classes of shares: HC Advisors Shares and HC Strategic Shares. As of December 31, 2012, the HC Advisors Shares for U.S. Government Fixed Income Portfolio, U.S. Corporate Fixed Income Portfolio, U.S. Mortgage/Asset Backed Fixed Income Portfolio and Short-Term Municipal Portfolio had not yet commenced operations. Each class of shares for each of the Portfolios has identical rights and privileges except with respect to voting rights on matters affecting a single class of shares. The Trust’s investment adviser is HC Capital Solutions (the “Adviser”), an operating division of Hirtle Callaghan & Co., LLC.
All the Portfolios in the Trust, except the Real Estate Portfolio and Commodity Portfolio, are diversified portfolios under the 1940 Act. The Real Estate Portfolio and Commodity Portfolio are non-diversified portfolios, which means that they may concentrate their investments in the securities of a limited number of issuers.
As is customary, the Trust’s organizational documents permit the Trust to indemnify its officers and trustees against certain liabilities under certain circumstances. In addition, in the normal course of business, the Trust enters into contracts with its vendors and others that also permit the indemnification of parties to the contract under certain circumstances. The Trust’s maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Trust.
2. SIGNIFICANT ACCOUNTING POLICIES. The following is a summary of the significant accounting policies followed by the Portfolios in the preparation of their financial statements. The policies are in conformity with accounting principles generally accepted in the United States of America (“GAAP”). The presentation of the Portfolios’ financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of income and expenses for the period. Actual results could differ from those estimates.
A. Portfolio Valuation. The net asset value (“NAV”) per share of the Portfolios is determined at the close of regular trading on the New York Stock Exchange (“NYSE”), normally at 4:00 p.m. Eastern time, on days the NYSE is open. Each class’s NAV per share is calculated by adding the market value or fair value, as applicable, of all securities and other assets of the Portfolio, subtracting its liabilities and dividing the result by the number of its outstanding shares.
B. Securities Valuation. Security values are ordinarily obtained through the use of independent pricing services, in accordance with procedures adopted by the Trust’s Board of Trustees (the “Board”). Pursuant to such
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procedures, the Portfolios may use a pricing service, bank, or broker-dealer experienced in such matters to value the Portfolio’s securities. When reliable market quotations are not readily available for any security, the fair value of that security will be determined by a committee established by the Board in accordance with procedures adopted by the Board. The fair valuation process is designed to value the subject security at the price the Portfolio would reasonably expect to receive upon its current sale. Additional consideration is given to securities that have experienced a decrease in the volume or level of activity or to circumstances that indicate that a transaction is not orderly.
The Trust has a three-tier fair value hierarchy that is dependent upon the various “inputs” used to determine the value of the Portfolios’ investments. These inputs are summarized in the three broad levels listed below:
• | Level 1 — quoted prices in active markets for identical assets |
• | Level 2 — other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) |
• | Level 3 — significant unobservable inputs (including a Portfolio’s own assumptions in determining the fair value of investments) |
The inputs or methodology used for valuing securities are not necessarily an indication of the risks associated with investing in those securities.
Equity Securities (Common and Preferred Stock and Exchange Traded Funds): Readily marketable portfolio securities listed on a national securities exchange or on NASDAQ are valued at the closing price on the exchange or at the NASDAQ Official Closing Price. If there have been no sales on such exchange, or on NASDAQ, the securities are valued at the closing bid price. In each of these situations, valuations are typically categorized as Level 1 in the fair value hierarchy. Readily marketable securities traded only in the over-the-counter market and not on NASDAQ are valued at the closing price and are typically categorized as Level 1 in the fair value hierarchy, or, if there have been no sales, are valued at the mean of the last reported bid and asked prices and are typically categorized as Level 2 in the fair value hierarchy.
Securities listed on a foreign exchange are valued at the closing price on that exchange provided that where such securities are denominated in foreign currencies, such prices are converted into U.S. dollars at the bid price of such currencies against U.S. dollars at the time of the NAV calculation. If there have been no sales on such exchange, the security is valued at the closing bid price. In each of these situations, valuations are typically categorized as Level 1 in the fair value hierarchy. Fair value pricing may be used if events materially affecting the value of foreign securities occur between the time when the exchange on which they are traded closes and the time when the NAV is calculated. Such securities may be valued at fair value in accordance with procedures adopted by the Board. Management identifies possible fluctuations in international securities by monitoring the increase or decrease in the value of a designated benchmark index. In the event of an increase or decrease greater than predetermined levels, a Portfolio may use a systematic valuation model provided by an independent third party to fair value its international securities. Such systematic valuations are typically categorized as Level 2 in the fair value hierarchy.
Mutual Funds: Mutual funds are valued at their respective daily net asset value and are typically categorized as Level 1 in the fair value hierarchy.
Fixed Income Securities (Corporate, Municipal and Foreign Bonds, and U.S. Government and Agency Securities): Fixed income securities are valued using various inputs including benchmark yields, reported trades, broker/dealer quotes, issuer spreads, two-sided markets, benchmark securities, bids, offers, reference data, and industry and market events, and are typically categorized as Level 2 in the fair value hierarchy.
Asset Backed and Mortgage Backed Securities: In addition to the inputs discussed above for fixed income securities, asset backed and mortgage backed securities are valued using new issue data, monthly payment information and collateral performance and are typically categorized as Level 2 in the fair value hierarchy.
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Short-Term Obligations: Short-term obligations with maturities of 60 days or less are valued at amortized cost, which constitutes fair value as determined by the Board and are typically categorized as Level 2 in the fair value hierarchy.
Derivative Instruments (Futures, Options, Swaps and Forward Currency Contracts): Swaps are valued using interdealer broker rates, benchmark yields, and swap details and are typically categorized as Level 2 in the fair value hierarchy. Exchange traded futures, swaps and options are valued using quoted prices from the exchange and are typically categorized as Level 1 in the fair value hierarchy. Interest rate swaptions are valued using future interest rate volatility, yield curve, and strike price and are typically categorized as Level 2 in the fair value hierarchy. Forward currency contracts are valued using market quotes posted by major currency dealers and are typically categorized as Level 2 in the fair value hierarchy.
The following is a summary of the inputs used to value the following Portfolios’ securities as of December 31, 2012 (amounts in thousands):
Portfolio | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||||||||||
Value Portfolio | ||||||||||||||||
Common Stocks1 | $ | 661,889 | $ | — | $ | — | $ | 661,889 | ||||||||
Time Deposit | — | 3,830 | — | 3,830 | ||||||||||||
Mutual Fund | 1,358 | — | — | 1,358 | ||||||||||||
Total Investments | $ | 663,247 | $ | 3,830 | $ | — | $ | 667,077 | ||||||||
Institutional Value Portfolio | ||||||||||||||||
Common Stocks1 | $ | 1,025,831 | $ | — | $ | — | $ | 1,025,831 | ||||||||
Time Deposit | — | 4,795 | — | 4,795 | ||||||||||||
Mutual Fund | 2,018 | — | — | 2,018 | ||||||||||||
Total Investments | $ | 1,027,849 | $ | 4,795 | $ | — | $ | 1,032,644 | ||||||||
Growth Portfolio | ||||||||||||||||
Common Stocks1 | $ | 685,876 | $ | — | $ | — | $ | 685,876 | ||||||||
Time Deposit | — | 397 | — | 397 | ||||||||||||
Mutual Fund | 970 | — | — | 970 | ||||||||||||
Total Investments | $ | 686,846 | $ | 397 | $ | — | $ | 687,243 | ||||||||
Institutional Growth Portfolio | ||||||||||||||||
Common Stocks1 | $ | 865,400 | $ | — | $ | — | $ | 865,400 | ||||||||
Corporate Bonds1 | — | 6,126 | — | 6,126 | ||||||||||||
Asset Backed Securities | — | 3,045 | — | 3,045 | ||||||||||||
Collateralized Mortgage Obligations | — | 30,770 | — | 30,770 | ||||||||||||
Certificates of Deposit | — | 3,792 | — | 3,792 | ||||||||||||
Global Bonds2 | — | 8,662 | — | 8,662 | ||||||||||||
Municipal Bonds3 | — | 955 | — | 955 | ||||||||||||
U.S. Government Agency Mortgages | — | 8,894 | — | 8,894 | ||||||||||||
U.S. Treasury Obligations | — | 26,496 | — | 26,496 | ||||||||||||
Yankee Dollars1 | — | 6,529 | — | 6,529 | ||||||||||||
Time Deposit | — | 20,853 | — | 20,853 |
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Portfolio | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||||||||||
Institutional Growth Portfolio | ||||||||||||||||
Mutual Funds | $ | 8,867 | $ | — | $ | — | $ | 8,867 | ||||||||
Call Options Purchased | — | 5 | — | 5 | ||||||||||||
Put Options Purchased4 | 2 | 8 | — | 10 | ||||||||||||
Repurchase Agreements | — | 83,600 | — | 83,600 | ||||||||||||
Total Investments | $ | 874,269 | $ | 199,735 | $ | — | $ | 1,074,004 | ||||||||
Other Financial Instruments5 | ||||||||||||||||
Futures | $ | 179 | $ | — | $ | — | $ | 179 | ||||||||
Currency Contracts | — | (399) | — | (399) | ||||||||||||
Written Options | — | (23) | — | (23) | ||||||||||||
Interest Rate Swaps | — | 1,866 | — | 1,866 | ||||||||||||
Small Cap Portfolio | ||||||||||||||||
Common Stocks1 | $ | 129,000 | $ | — | $ | — | $ | 129,000 | ||||||||
Contingent Rights | — | — | — | — | ||||||||||||
Warrant6 | — | — | — | — | ||||||||||||
U.S. Treasury Obligations | — | 49 | — | 49 | ||||||||||||
Time Deposit | — | 1,575 | — | 1,575 | ||||||||||||
Mutual Fund | 727 | — | — | 727 | ||||||||||||
Total Investments | $ | 129,727 | $ | 1,624 | $ | — | $ | 131,351 | ||||||||
Other Financial Instruments5 | ||||||||||||||||
Futures | $ | 15 | $ | — | $ | — | $ | 15 | ||||||||
Institutional Small Cap Portfolio | ||||||||||||||||
Common Stocks1 | $ | 210,458 | $ | — | $ | — | $ | 210,458 | ||||||||
Contingent Right | — | — | — | — | ||||||||||||
Time Deposit | — | 3,469 | — | 3,469 | ||||||||||||
Mutual Funds | 702 | — | — | 702 | ||||||||||||
Total Investments | $ | 211,160 | $ | 3,469 | $ | — | $ | 214,629 | ||||||||
Real Estate Portfolio | ||||||||||||||||
Common Stocks1,6 | $ | 72,270 | $ | 919 | $ | — | $ | 73,189 | ||||||||
Time Deposit | — | 938 | — | 938 | ||||||||||||
Total Investments | $ | 72,270 | $ | 1,857 | $ | — | $ | 74,127 | ||||||||
Commodity Portfolio | ||||||||||||||||
Common Stocks1,4 | $ | 321,365 | $ | 228,612 | $ | — | $ | 549,977 | ||||||||
Preferred Stocks1,4 | 5,685 | 553 | — | 6,238 | ||||||||||||
Warrant | 22 | — | — | 22 | ||||||||||||
Commercial Paper2 | — | 12,792 | — | 12,792 | ||||||||||||
Corporate Bonds1 | — | 3,739 | — | 3,739 | ||||||||||||
Asset Backed Securities | — | 6,764 | — | 6,764 | ||||||||||||
Collateralized Mortgage Obligations | — | 7,269 | — | 7,269 | ||||||||||||
Global Bonds2 | — | 4,691 | — | 4,691 |
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Portfolio | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||||||||||
Commodity Portfolio | ||||||||||||||||
U.S. Government Agency Securities | $ | — | $ | 33,842 | $ | — | $ | 33,842 | ||||||||
U.S. Treasury Obligations | — | 21,173 | — | 21,173 | ||||||||||||
Yankee Dollars2 | — | 4,988 | — | 4,988 | ||||||||||||
Time Deposit | — | 7,925 | — | 7,925 | ||||||||||||
Mutual Fund | 477 | — | — | 477 | ||||||||||||
Call Options Purchased4 | 65 | 24 | — | 89 | ||||||||||||
Put Options Purchased4 | 62 | 210 | — | 272 | ||||||||||||
Repurchase Agreements | — | 106,100 | — | 106,100 | ||||||||||||
Total Investments | $ | 327,676 | $ | 438,682 | $ | — | $ | 766,358 | ||||||||
Other Financial Instruments5 | ||||||||||||||||
Futures | $ | (940) | $ | — | $ | — | $ | (940) | ||||||||
Currency Contracts | — | (53) | — | (53) | ||||||||||||
Written Options | — | (519) | — | (519) | ||||||||||||
Total Return Swaps | — | (564) | — | (564) | ||||||||||||
Variance Swaps | — | 78 | — | 78 | ||||||||||||
Commodity Swaps | — | (807) | — | (807) | ||||||||||||
Interest Rate Swaps | — | 8 | — | 8 | ||||||||||||
International Portfolio | ||||||||||||||||
Common Stocks1,4 | $ | 60,652 | $ | 1,245,976 | $ | — | $ | 1,306,628 | ||||||||
Preferred Stocks1,4 | 28 | 6,131 | — | 6,159 | ||||||||||||
Right | — | 45 | — | 45 | ||||||||||||
Time Deposit | — | 10,560 | — | 10,560 | ||||||||||||
Mutual Fund | 513 | — | — | 513 | ||||||||||||
Total Investments | $ | 61,193 | $ | 1,262,712 | $ | — | $ | 1,323,905 | ||||||||
Other Financial Instruments5 | ||||||||||||||||
Futures | $ | 44 | $ | — | $ | — | $ | 44 | ||||||||
Currency Contracts | — | (75) | — | (75) | ||||||||||||
Institutional International Portfolio | ||||||||||||||||
Common Stocks1,4 | $ | 90,125 | $ | 2,097,493 | $ | — | $ | 2,187,618 | ||||||||
Preferred Stocks1,4 | 41 | 8,747 | — | 8,788 | ||||||||||||
Right | — | 61 | — | 61 | ||||||||||||
Time Deposit | — | 9,496 | — | 9,496 | ||||||||||||
Mutual Funds | 3,260 | — | — | 3,260 | ||||||||||||
Total Investments | $ | 93,426 | $ | 2,115,797 | $ | — | $ | 2,209,223 | ||||||||
Other Financial Instruments5 | ||||||||||||||||
Futures | $ | 71 | $ | — | $ | — | $ | 71 | ||||||||
Currency Contracts | — | (122) | — | (122) | ||||||||||||
Emerging Markets Portfolio | ||||||||||||||||
Common Stocks1,4 | $ | 236,901 | $ | 668,451 | $ | — | $ | 905,352 |
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Portfolio | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||||||||||
Emerging Markets Portfolio | ||||||||||||||||
Preferred Stocks1,4 | $ | 19,030 | $ | 13,515 | $ | — | $ | 32,545 | ||||||||
Time Deposit | — | 10,228 | — | 10,228 | ||||||||||||
Mutual Funds | 24,682 | — | — | 24,682 | ||||||||||||
Total Investments | $ | 280,613 | $ | 692,194 | $ | — | $ | 972,807 | ||||||||
Other Financial Instruments5 | ||||||||||||||||
Futures | $ | 141 | $ | — | $ | — | $ | 141 | ||||||||
Currency Contracts | — | (172) | — | (172) | ||||||||||||
Core Fixed Income Portfolio | ||||||||||||||||
Asset Backed Security | $ | — | $ | 280 | $ | — | $ | 280 | ||||||||
Collateralized Mortgage Obligations | — | 2,429 | — | 2,429 | ||||||||||||
U.S. Government Agency Mortgages | — | 38,263 | — | 38,263 | ||||||||||||
U.S. Government Agency Securities | — | 3,013 | — | 3,013 | ||||||||||||
Corporate Bonds1 | — | 25,323 | — | 25,323 | ||||||||||||
U.S. Treasury Obligations | — | 27,441 | — | 27,441 | ||||||||||||
Yankee Dollars1 | — | 6,118 | — | 6,118 | ||||||||||||
Preferred Stocks1 | 1,934 | — | — | 1,934 | ||||||||||||
Time Deposit | — | 80 | — | 80 | ||||||||||||
Mutual Funds | 2,081 | — | — | 2,081 | ||||||||||||
Total Investments | $ | 4,015 | $ | 102,947 | $ | — | $ | 106,962 | ||||||||
TBA Sale Commitments | $ | — | $ | (2,162) | $ | — | $ | (2,162) | ||||||||
Fixed Opportunity Portfolio | ||||||||||||||||
Corporate Bonds1 | $ | — | $ | 530,210 | $ | — | $ | 530,210 | ||||||||
Yankee Dollars1 | — | 91,650 | — | 91,650 | ||||||||||||
Common/Preferred Stocks and Rights1 | 5,720 | — | — | 5,720 | ||||||||||||
Time Deposit | — | 20,495 | — | 20,495 | ||||||||||||
Total Investments | $ | 5,720 | $ | 642,355 | $ | — | $ | 648,075 | ||||||||
U.S. Government Fixed Income Portfolio | ||||||||||||||||
U.S. Treasury Obligations | $ | — | $ | 221,321 | $ | — | $ | 221,321 | ||||||||
U.S. Government Agency Securities | — | 28,092 | — | 28,092 | ||||||||||||
Corporate Bond1 | — | 298 | — | 298 | ||||||||||||
Time Deposit | — | 926 | — | 926 | ||||||||||||
Total Investments | $ | — | $ | 250,637 | $ | — | $ | 250,637 | ||||||||
U.S. Corporate Fixed Income Portfolio | ||||||||||||||||
Corporate Bonds1 | $ | — | $ | 157,301 | $ | — | $ | 157,301 | ||||||||
Yankee Dollars1 | — | 39,837 | — | 39,837 |
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Notes to Financial Statements (continued) — December 31, 2012
Portfolio | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||||||||||
U.S. Corporate Fixed Income Portfolio | ||||||||||||||||
Preferred Stocks1 | $ | 12,024 | $ | — | $ | — | $ | 12,024 | ||||||||
Mutual Fund | 7,451 | — | — | 7,451 | ||||||||||||
Total Investments | $ | 19,475 | $ | 197,138 | $ | — | $ | 216,613 | ||||||||
U.S. Mortgage/Asset Backed Fixed Income Portfolio | ||||||||||||||||
U.S. Government Agency Mortgages | $ | — | $ | 245,998 | $ | — | $ | 245,998 | ||||||||
U.S. Treasury Obligations | — | 17,998 | — | 17,998 | ||||||||||||
Asset Backed Security | — | 2,158 | — | 2,158 | ||||||||||||
Collateralized Mortgage Obligations | — | 15,141 | — | 15,141 | ||||||||||||
Mutual Fund | 193 | — | — | 193 | ||||||||||||
Total Investments | $ | 193 | $ | 281,295 | $ | — | $ | 281,488 | ||||||||
TBA Sale Commitments | $ | — | $ | (25,108) | $ | — | $ | (25,108) | ||||||||
Short-Term Municipal Portfolio | ||||||||||||||||
Municipal Bonds3 | $ | — | $ | 23,546 | $ | — | $ | 23,546 | ||||||||
Mutual Fund | 1,859 | — | — | 1,859 | ||||||||||||
Total Investments | $ | 1,859 | $ | 23,546 | $ | — | $ | 25,405 | ||||||||
Intermediate Municipal Portfolio | ||||||||||||||||
Municipal Bonds3 | $ | — | $ | 434,953 | $ | — | $ | 434,953 | ||||||||
Corporate Bond1,6 | — | — | — | — | ||||||||||||
Time Deposit | — | 3,921 | — | 3,921 | ||||||||||||
Total Investments | $ | — | $ | 438,874 | $ | — | $ | 438,874 | ||||||||
Intermediate Municipal II Portfolio | ||||||||||||||||
Municipal Bonds3 | $ | — | $ | 68,887 | $ | — | $ | 68,887 | ||||||||
Total Investments | $ | — | $ | 68,887 | $ | — | $ | 68,887 |
Amounts designated as “—” are $0 or have been rounded to $0.
1 | Please see the Portfolio of Investments for industry classification. |
2 | Please see the Portfolio of Investments for country classification. |
3 | Please see the Portfolio of Investments for state classification. |
4 | Please see the Portfolio of Investments for securities noted as Level 1. |
5 | Other Financial Instruments are derivative instruments not reflected in the Portfolio of Investments, such as futures and currency contracts, which are valued at the unrealized appreciation/(depreciation) on the instrument and written options and swap agreements, which are valued at fair value. |
6 | Please see the Portfolio of Investments for securities noted as Level 2. |
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Notes to Financial Statements (continued) — December 31, 2012
The Trust’s policy is to disclose transfers between fair value hierarchy levels based on valuations at the end of the reporting period. There were no transfers between Level 1 and 2 as of December 31, 2012.
C. Securities Transactions and Investment Income. For financial reporting purposes, portfolio securities transactions are reported on trade date. However, for daily NAV determination, portfolio securities transactions are reflected no later than in the first calculation on the first business day following trade date. Dividend income is recognized on the ex-dividend date and foreign dividends are recognized as soon as reliable information is available from the Portfolio’s sources. Interest income, including amortization of premium and accretion of discount on investments, is accrued daily, as earned. Realized gains and losses from securities transactions are determined by comparing the identified cost of the security lot sold to the net sales proceeds. Realized gains and losses from paydown transactions on mortgage backed and asset backed securities are classified as investment income or loss for financial reporting purposes.
For certain securities, including real estate investment trusts, the Portfolio records distributions received in excess of income as a reduction of cost of investments and/or realized gain. Such amounts are based on estimates if actual amounts are not available. Actual amounts of income, realized gain and return of capital may differ from the estimated amounts. The Portfolio adjusts the estimated amounts of the components of distributions as adjustments to investment income, unrealized appreciation/depreciation and realized gain/loss on investments as necessary, once the issuers provide information about the actual composition of the distributions.
D. Allocations. Expenses directly attributable to a Portfolio are charged to that Portfolio. Class specific expenses, if any, are borne by that class. Other expenses are allocated proportionately among the Portfolios in relation to the net assets of each Portfolio or by another appropriate method. Income, non-class specific expenses and realized and unrealized gains and losses are allocated to the respective classes based on relative net assets.
E. Dividends and Capital Gain Distributions to Shareholders. The Core Fixed Income Portfolio, U.S. Government Fixed Income Portfolio, U.S. Corporate Fixed Income Portfolio, U.S. Mortgage/Asset Backed Fixed Income Portfolio, Short-Term Municipal Portfolio, Intermediate Municipal Portfolio and Intermediate Municipal II Portfolio declare and distribute dividends from net investment income on a monthly basis. The Value Portfolio, Institutional Value Portfolio, Growth Portfolio, Institutional Growth Portfolio, Small Cap Portfolio, Institutional Small Cap Portfolio, Real Estate Portfolio, Fixed Opportunity Portfolio and Commodity Portfolio declare and distribute dividends from net investment income on a quarterly basis. The International Portfolio and the Institutional International Portfolio declare and distribute dividends from net investment income, if any, on a semiannual basis. The Emerging Markets Portfolio declares and distributes dividends from net investment income, if any, on an annual basis. Net realized capital gains, if any, are declared and distributed at least annually by each Portfolio.
F. Repurchase Agreements. Among the instruments that each of the Portfolios may use for temporary investment purposes are repurchase agreements. Under the terms of a typical repurchase agreement, a Portfolio would acquire an underlying debt security for a relatively short period (usually not more than one week), subject to an obligation of the seller to repurchase that security and the obligation of the Portfolio to resell that security at an agreed-upon price and date. Repurchase agreements could involve certain risks in the event of default or insolvency of the other party, including possible delays or restrictions upon the Portfolio’s ability to dispose of the underlying securities. The creditworthiness of those banks and non-bank dealers with which the Portfolios may enter into repurchase agreements are monitored in accordance with guidelines adopted by the Board, as is the market value of the securities underlying any repurchase agreement to ensure that the repurchase obligation of the seller is collateralized by an amount at least equal to the repurchase price including accrued interest. All repurchase agreements are fully collateralized by government securities (as defined in the 1940 Act), or securities that, at the time the repurchase agreement is entered into, are rated in the highest rating category by two or more Nationally
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Notes to Financial Statements (continued) — December 31, 2012
Recognized Statistical Rating Organizations (“NRSROs”) or the only NRSRO issuing a rating, or, if unrated, are of comparable quality provided that the collateral is an eligible investment for the Portfolio.
G. TBA Purchase and Sale Commitments. Certain of the Portfolios may enter into “TBA” (to be announced) commitments to purchase or sell securities for a fixed price at a future date, typically not to exceed 45 days. TBA commitments may be considered securities in themselves, and involve a risk of loss if the value of the security to be purchased or sold declines or increases, respectively, prior to settlement date. The risk is in addition to the risk of decline in the value of a Portfolio’s other assets. Unsettled TBA commitments are valued at the current market value of the underlying securities, according to the procedures described under “Securities Valuation” above.
H. Commission Recapture. Certain of the Portfolios participate in a commission recapture program. These Portfolios will utilize the recaptured commissions to pay for, in whole or in part, certain expenses of the Portfolios, excluding investment advisory and distribution fees. The expenses eligible to be paid will include, but are not limited to, administration fees, audit fees, custodian fees, legal fees and printing expenses, as directed by the Trust. These amounts are disclosed as “Expenses paid indirectly” on the Statements of Operations.
For the period ended December 31, 2012, the following commissions were recaptured (amounts in thousands):
Portfolio | Commissions Recaptured | |||
Value Portfolio | $ | 17 | ||
Institutional Value Portfolio | 23 | |||
Growth Portfolio | 6 | |||
Institutional Growth Portfolio | 7 | |||
Institutional Small Cap Portfolio | 3 | |||
International Portfolio | 6 | |||
Institutional International Portfolio | 10 | |||
Emerging Markets Portfolio | 4 |
I. Foreign Exchange Transactions. The books and records of the Portfolios are maintained in U.S. dollars. Non-U.S. dollar denominated amounts are translated into U.S. dollars as follows, with the resultant exchange gains and losses recorded in the Statements of Operations:
i) value of investment securities and other assets and liabilities at the exchange rate on the valuation date; and
ii) purchases and sales of investment securities and income and expenses at the exchange rate prevailing on the respective date of such transactions.
The Portfolios do not isolate realized and unrealized gains and losses attributable to changes in the exchange rates from gains and losses that arise from changes in the value of investments. Such fluctuations are included with net realized and unrealized gain or loss on investments.
Dividends and interest from non-U.S. sources received by a Portfolio are generally subject to non-U.S. withholding taxes at rates ranging up to 30%. Such withholding taxes may be reduced or eliminated under the terms of applicable U.S. income tax treaties, and each Portfolio intends to, if reasonable, undertake any procedural steps required to claim the benefits of such treaties. If the value of more than 50% of a Portfolio’s total assets at the close of any taxable year consists of stock or securities of non-U.S. corporations, the Portfolio may elect to treat any non-U.S. taxes paid by it as paid by its shareholders.
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The Portfolios may be subject to foreign taxes on gains in investments or currency repatriation. The Portfolios accrue such taxes, as applicable, based on their current interpretation of tax rules in the foreign markets in which they invest.
J. Derivative Instruments. Certain of the Portfolios may invest in various financial instruments including positions in forward currency contracts, financial futures contracts, options contracts and swap agreements.
The following is a summary of the fair value of derivative instruments held by the Portfolios as of December 31, 2012 (amounts in thousands).
Assets | ||||||||||||||||||||
Unrealized appreciation on futures contracts* | Unrealized appreciation on forward currency contracts | Net swap agreements, at value | ||||||||||||||||||
Portfolio | Written options, at value | Investments, at value (Purchased options) | ||||||||||||||||||
Equity Risk Exposure: | ||||||||||||||||||||
Institutional Growth Portfolio | $ | 236 | $ | — | $ | 2 | $ | — | $ | — | ||||||||||
Small Cap Portfolio | 15 | — | — | — | — | |||||||||||||||
Emerging Markets Portfolio | 141 | — | — | — | — | |||||||||||||||
Foreign Exchange Rate Risk Exposure: | ||||||||||||||||||||
Institutional Growth Portfolio | — | — | — | 14 | — | |||||||||||||||
Commodity Portfolio | — | — | — | 20 | — | |||||||||||||||
International Portfolio | 44 | — | — | 154 | — | |||||||||||||||
Institutional International Portfolio | 71 | — | — | 226 | — | |||||||||||||||
Emerging Markets Portfolio | — | — | — | 108 | — | |||||||||||||||
Commodity Risk Exposure: | ||||||||||||||||||||
Commodity Portfolio | 1,680 | — | 361 | — | 117 | |||||||||||||||
Interest Rate Risk Exposure: | ||||||||||||||||||||
Institutional Growth Portfolio | — | — | 13 | — | 1,867 | |||||||||||||||
Commodity Portfolio | — | — | — | — | 8 |
Liabilities | ||||||||||||||||||||
Portfolio | Unrealized deprecation on futures contracts* | Written options, at value | Investments, at value (Purchased options) | Unrealized depreciation on forward currency contracts | Net swap agreements, at value | |||||||||||||||
Equity Risk Exposure: | ||||||||||||||||||||
Institutional Growth Portfolio | $ | 57 | $ | — | $ | — | $ | — | $ | — | ||||||||||
Foreign Exchange Rate Risk Exposure: | ||||||||||||||||||||
Institutional Growth Portfolio | — | — | — | 413 | — | |||||||||||||||
Commodity Portfolio | — | — | — | 73 | — | |||||||||||||||
International Portfolio | — | — | — | 229 | — | |||||||||||||||
Institutional International Portfolio | — | — | — | 348 | — | |||||||||||||||
Emerging Markets Portfolio | — | — | — | 280 | — | |||||||||||||||
Commodity Risk Exposure: | ||||||||||||||||||||
Commodity Portfolio | 2,620 | 390 | — | — | 1,410 |
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Liabilities | ||||||||||||||||||||
Portfolio | Unrealized deprecation on futures contracts* | Written options, at value | Investments, at value (Purchased options) | Unrealized depreciation on forward currency contracts | Net swap agreements, at value | |||||||||||||||
Interest Rate Risk Exposure: | ||||||||||||||||||||
Institutional Growth Portfolio | $ | — | $ | 23 | $ | — | $ | — | $ | 1 | ||||||||||
Commodity Portfolio | — | 127 | — | — | — |
* | Total Fair Value is presented by Primary Risk Exposure. For foreign currency contracts, such amounts represent the unrealized gain/appreciation (for asset derivatives) or loss/depreciation (for liability derivatives). For futures contracts, the amounts represent their cumulative appreciation/depreciation. |
Amounts designated as “—” are $0 or have been rounded to $0.
The following is the summary of the effect of derivative instruments on the Statements of Operations for the period ended December 31, 2012 (amounts in thousands).
Net realized gains/(losses) from | ||||||||||||||||||||
Portfolio | Investments, at value (Purchased options) | Futures transactions | Written options transactions | Swap transactions | Foreign currency transactions | |||||||||||||||
Equity Risk Exposure: | ||||||||||||||||||||
Institutional Growth Portfolio | $ | (11) | $ | 17,563 | $ | — | $ | — | $ | — | ||||||||||
Small Cap Portfolio | — | 39 | — | — | — | |||||||||||||||
Emerging Markets Portfolio | — | 1,928 | — | — | — | |||||||||||||||
Foreign Exchange Rate Risk Exposure: | ||||||||||||||||||||
Institutional Growth Portfolio | — | — | — | — | (1,162) | |||||||||||||||
Real Estate Portfolio | — | — | — | — | (1) | |||||||||||||||
Commodity Portfolio | — | 20 | — | — | (129) | |||||||||||||||
International Portfolio | — | 25 | — | — | 80 | |||||||||||||||
Institutional International Portfolio | — | 48 | — | — | (103) | |||||||||||||||
Emerging Markets Portfolio | — | — | — | — | (24) | |||||||||||||||
Commodity Risk Exposure: | ||||||||||||||||||||
Commodity Portfolio | (5) | 4,052 | 201 | 7,595 | — | |||||||||||||||
Interest Rate Risk Exposure: | ||||||||||||||||||||
Institutional Growth Portfolio | — | — | 117 | 661 | — | |||||||||||||||
Commodity Portfolio | 43 | — | 41 | 19 | — | |||||||||||||||
Core Fixed Income Portfolio | — | 2 | — | — | — | |||||||||||||||
U.S. Mortgage/Asset Backed Fixed Income Portfolio | — | 20 | — | — | — |
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Portfolio | Change in unrealized appreciation/ (depreciation) on investments (purchased options) | Change in unrealized appreciation/ (depreciation) on futures | Change in unrealized appreciation/ (depreciation) on written options | Change in unrealized appreciation/ (depreciation) on swaps | Change in unrealized appreciation/ (depreciation) on foreign currency translations | |||||||||||||||
Equity Risk Exposure: | ||||||||||||||||||||
Institutional Growth Portfolio | $ | — | $ | (7,889) | $ | — | $ | — | $ | — | ||||||||||
Small Cap Portfolio | — | (3) | — | — | — | |||||||||||||||
Emerging Markets Portfolio | — | (69) | — | — | — | |||||||||||||||
Foreign Exchange Rate Risk Exposure: | ||||||||||||||||||||
Value Portfolio | — | — | — | — | (1) | |||||||||||||||
Institutional Value Portfolio | — | — | — | — | (1) | |||||||||||||||
Institutional Growth Portfolio | — | — | — | — | 822 | |||||||||||||||
Commodity Portfolio | — | — | — | — | (932) | |||||||||||||||
International Portfolio | — | 44 | — | — | (648) | |||||||||||||||
Institutional International Portfolio | — | 71 | — | — | (662) | |||||||||||||||
Emerging Markets Portfolio | — | — | — | — | (1,264) | |||||||||||||||
Commodity Risk Exposure: | ||||||||||||||||||||
Commodity Portfolio | — | 767 | (58) | (3,875) | — | |||||||||||||||
Interest Rate Risk Exposure: | ||||||||||||||||||||
Institutional Growth Portfolio | (95) | — | 108 | 77 | — | |||||||||||||||
Commodity Portfolio | (49) | — | 10 | 4 | — | |||||||||||||||
Core Fixed Income Portfolio | — | — | — | — | — | |||||||||||||||
U.S. Mortgage/Asset Backed Fixed Income Portfolio | — | — | — | — | — |
Amounts designated as “—” are $0 or have been rounded to $0.
Forward Currency Contracts: Certain of the Portfolios may be subject to currency exchange rate risk in the normal course of pursuing their investment objectives. A Portfolio enters into such contracts for the purpose of hedging exposure to changes in foreign currency exchange rates on its holdings. A forward currency contract (“forward”) is an agreement between two parties to buy and sell a currency at a set price on a future date. The value of the forward fluctuates with changes in currency exchange rates. The forward is marked-to-market daily and the change in value is recorded by the Portfolio as unrealized appreciation or depreciation. When the forward is closed, the Portfolio records a realized gain or loss equal to the fluctuation in value during the period the forward was open. The Portfolio could be exposed to credit risk if a counterparty is unable to meet the terms of a forward, or market risk if the value of the currency changes unfavorably.
Forwards may involve credit or market risk in excess of the amounts reflected on the Portfolio’s Statement of Assets and Liabilities. The gain or loss from the difference between the cost of original contracts and the amount realized upon the closing of such contracts is included in net realized gains or losses on foreign currency transactions. Fluctuations in the value of forward contracts held at December 31, 2012 are recorded for financial reporting purposes as net unrealized gains or losses by the Portfolio. In addition, at December 31, 2012, the Portfolios entered into currency contracts to settle trades in foreign currencies. These transactions are included in the Statements of Assets and Liabilities as “Receivable from investments sold” and “Payable from investments purchased.” The
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contract amount of the forwards outstanding as of December 31, 2012 and the month-end average contract amount for all forwards during the period ended December 31, 2012 are detailed in the table below:
Portfolio | Average Month-End Contract Amount (000) | Forwards Amount Outstanding at December 31, 2012 (000) | ||||||
Institutional Growth Portfolio | $ | 45,127 | $ | 30,627 | ||||
Commodity Portfolio | 9,289 | 8,567 | ||||||
International Portfolio | 15,536 | 20,969 | ||||||
Institutional International Portfolio | 32,804 | 31,078 | ||||||
Emerging Markets Portfolio | 51,750 | 60,985 |
Financial Futures Contracts: Certain of the Portfolios may be subject to equity price risk, interest rate risk, commodity price risk and foreign currency exchange rate risk in the normal course of pursuing their investment objectives. Certain of the Portfolios may invest in financial futures contracts (“futures contracts”) as part of their investment strategies, to gain exposure to or hedge against changes in the value of equities, interest rates or foreign currencies. The Commodity Portfolio may invest in commodity-linked futures contracts to gain exposure to the commodities market. A futures contract represents a commitment for the future purchase or sale of an asset at a specified price on a specified date. Upon entering into a futures contract, a Portfolio is required to pledge to the broker an amount of cash and/or other assets equal to a certain percentage of the contract amount (initial margin deposit). Subsequent payments, known as “variation margin,” are made or received by a Portfolio each day, depending on the daily fluctuations in the value of the underlying financial instrument. A Portfolio recognizes a gain or loss equal to the daily variation margin, which is recorded as a receivable or payable on the Statement of Assets and Liabilities (if applicable). When a futures contract is closed, a realized gain or loss is recorded as “Net realized gains/ (losses) from futures transactions” on the Statement of Operations. Should market conditions move unexpectedly, the Portfolio may not achieve the anticipated benefits of the futures contracts and may realize a loss. The use of futures transactions involves the risk of an imperfect correlation in movements in the price of futures contracts, interest rates, and the underlying hedged assets. With futures, there is minimal counterparty credit risk to the Portfolios since futures are exchange-traded and the exchange’s clearinghouse, as counterparty to all exchange traded futures, guarantees the futures against default. Securities designated as collateral for market value on futures contracts are noted in each Portfolio’s Portfolio of Investments (if applicable). Such collateral is held with the Trust’s
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custodian. The notional value of the futures contracts outstanding at December 31, 2012 and the month-end average notional amount for the period ended December 31, 2012 are detailed in the table below:
Portfolio | Average Month-End Notional Amount (000) | Notional Amount of Futures Contracts Outstanding at December 31, 2012 (000) | ||||||
Institutional Growth Portfolio | $ | 178,221 | $ | 185,215 | ||||
Small Cap Portfolio | 490 | 493 | ||||||
Commodity Portfolio | 126,068 | 135,575 | ||||||
International Portfolio | 157 | 477 | ||||||
Institutional International Portfolio | 251 | 764 | ||||||
Emerging Markets Portfolio | 16,004 | 13,532 |
Options Contracts — Purchased Options Contracts: Certain of the Portfolios may be subject to equity price risk and interest rate risk in the normal course of pursuing their investment objectives. Certain of the Portfolios may purchase put or call options. Options contracts provide the purchaser with the right, but not the obligation, to buy or sell (call or put option, respectively) a financial instrument at the exercise price. The Portfolio pays a premium which is included in “Investments, at value” on the Statement of Assets and Liabilities and marked-to-market to reflect the current value of the option. Premiums paid for purchasing options which expire are treated as realized losses. When an option is exercised or closed, premiums paid for purchasing options are offset against proceeds to determine the realized gain or loss on the transaction.
Options Contracts — Written Options Contracts: Certain of the Portfolios may be subject to equity price risk and interest rate risk in the normal course of pursuing their investment objectives. Premiums received from written options contracts are recorded as liabilities and are subsequently adjusted to the current value of the options written. Premiums received from writing options which expire are treated as realized gains. Premiums received from writing options, which are either exercised or closed, are offset against the proceeds received or the amount paid on the transaction to determine realized gains or losses. Realized gains and losses are reported as “Net realized gains/(losses) from options transactions” on the Statement of Operations (if applicable). When writing an option, the Portfolio bears the market risk of unfavorable changes in the price of the underlying instrument.
With exchange-traded options, there is minimal counterparty credit risk to the Portfolios since the exchange’s clearinghouse, as counterparty to all exchange-traded options, guarantees the options against default. With over-the-counter options, the Portfolios bear the risk that counterparties will be unable to perform under the terms of the contracts.
The Institutional Growth Portfolio and Commodity Portfolio had the following transactions in written call and put options during the period ended December 31, 2012:
Institutional Growth Portfolio | Number of Contracts | Premiums Received (000) | ||||||
Options outstanding at June 30, 2012 | (2,000) | $ | (266) | |||||
Options purchased | (4,720) | (142) | ||||||
Options expired | 1,520 | 44 | ||||||
Options closed | 1,420 | 73 | ||||||
Options outstanding at December 31, 2012 | (3,780) | $ | (291) |
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Commodity Portfolio | Number of Contracts | Premiums Received (000) | ||||||
Options outstanding at June 30, 2012 | (1,460) | $ | (357) | |||||
Options purchased | (2,300) | (645) | ||||||
Options expired | 924 | 161 | ||||||
Options closed | 1,352 | 333 | ||||||
Options outstanding at December 31, 2012 | (1,484) | $ | (508) |
Swap Agreements: Certain of the Portfolios may enter into swap agreements (“swap”) for purposes of attempting to gain exposure to the securities making up an index without actually purchasing those instruments, to hedge a position or to gain exposure to a particular instrument or currency. A swap is a two-party contract entered into for periods ranging from one day to more than one year. In a standard swap transaction, two parties agree to exchange the returns (or differentials in rates of return) earned or realized on particular predetermined investments or instruments. The gross returns to be exchanged or “swapped” between the parties are calculated with respect to a “notional amount,” i.e., the return on or increase in value of a particular dollar amount invested in a “basket” of securities representing a particular index.
Interest Rate Swaps: Certain of the Portfolios are subject to interest rate risk exposure in the normal course of pursuing their investment objectives. Because certain Portfolios hold fixed rate bonds, the value of these bonds may decrease if interest rates rise. Certain Portfolios may enter into interest rate swap contracts. Interest rate swaps involve the exchange of commitments to pay and receive a fixed or floating rate of interest based on a notional principal amount. The risks of interest rate swaps include changes in market conditions which will affect the value of the contract or the cash flows and the possible inability of the counterparty to fulfill its obligations under the agreement. A Portfolio’s maximum risk of loss from counterparty credit risk is the discounted net value of the cash flows to be received from the counterparty over the contract’s remaining life. Net periodic interest payments to be received or paid are accrued daily and are recorded as realized gains or losses on the Statements of Operations.
Total Return Swaps: Certain of the Portfolios are subject to equity price risk in the normal course of pursuing their investment objectives. Certain Portfolios may enter into total return swaps to gain or mitigate exposure to the underlying securities or indices. In “long” total return swaps, the counterparty will generally agree to pay the Portfolio the amount, if any, by which the notional amount of the total return swaps would have increased in value had it been invested in the particular instruments, plus an amount equal to any dividends or interest that would have been received on those instruments. The Portfolio will agree to pay to the counterparty an amount equal to a fixed or floating rate of interest on the notional amount of the swap agreement plus the amount, if any, by which the notional amount would have decreased in value had it been invested in such instruments plus, in certain instances, commissions or trading spreads on the notional amount. Total return swaps do not involve the delivery of securities or other underlying instruments. The net amount of the excess, if any, of a Portfolio’s obligations over its entitlements with respect to each total return swap is accrued on a daily basis and an amount of cash or liquid assets, having an aggregate net asset value at least equal to such accrued excess, is maintained at the broker-dealer or the Portfolio’s custodian. Until a total return swap is settled in cash, the gain or loss on the notional amount plus dividends or interest on the instruments less the interest paid by the Portfolio on the notional amount are recorded as “unrealized appreciation or depreciation on swap agreements” and when cash is exchanged, the gain or loss realized is recorded as “realized gains or losses on swap transactions.” A Portfolio may enter into total return swap agreements that provide the opposite return of its benchmark index or security (“short” the index or security). Its operations are similar to those swaps disclosed above except that the counterparty pays interest to the Portfolio on the notional amount outstanding and that dividends or interest on the underlying instruments reduce the value of the swap plus, in certain instances, the Portfolio will agree to pay to the counterparty commissions or trading spreads on the notional amount. These amounts are netted against any unrealized appreciation or depreciation to determine the value of the swap.
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Variance Swap Agreements: Certain of the Portfolios may invest in variance swap agreements to gain or mitigate exposure to the underlying reference securities. Variance swap agreements involve two parties agreeing to exchange cash flows based on the measured variance (or square of volatility) of a specified underlying asset. One party agrees to exchange a “fixed rate” or strike price payment for the “floating rate” or realized price variance on the underlying asset with respect to the notional amount. At inception, the strike price is generally chosen such that the fair value of the swap is zero. At the maturity date, a net cash flow is exchanged, where the payoff amount is equivalent to the difference between the realized price variance of the underlying asset and the strike price multiplied by the notional amount. As a receiver of the realized price variance, a Portfolio would receive the payoff amount when the realized price variance of the underlying asset is greater than the strike price and would owe the payoff amount when the variance is less than the strike price. As a payer of the realized price variance, a Portfolio would owe the payoff amount when the realized price variance of the underlying asset is greater than the strike price and would receive the payoff amount when the variance is less than the strike price. This type of agreement is essentially a forward contract on the future realized price variance of the underlying asset.
The primary risks associated with the use of a swap are an imperfect correlation between the price of financial instruments and movements in the prices of the underlying investments and the inability of counterparties to perform. The counterparty to any swap agreement will typically be a bank, investment banking firm or broker-dealer. The Portfolio will bear the counterparty risk, i.e., risk of loss of the net amount, if any, expected to be received under a swap in the event of the default or bankruptcy of the swap counterparty. The unrealized gain or loss at December 31, 2012 is disclosed in the swap tables included in the Portfolios of Investments.
The notional value of the swap agreements outstanding at December 31, 2012 and the month-end average notional amount for the period ended December 31, 2012 are detailed in the table below:
Portfolio | Average Month-End Notional Amount (000) | Notional Amount of Swap Agreements Outstanding at December 31, 2012 (000) | ||||||
Institutional Growth Portfolio | $ | 118,970 | $ | 70,268 | ||||
Commodity Portfolio | 124,291 | 125,196 |
K. Bank Loans. Certain Portfolios may invest in bank loans, which generally have interest rates which are reset daily, monthly, quarterly or semiannually by reference to a base lending rate, plus a premium. These base rates are primarily the London-Interbank Offered Rate, and secondarily the prime rate offered by one or more major United States banks and the certificate of deposit rate or other base lending rates used by commercial lenders. Bank loans often require prepayments from excess cash flows or allow the borrower to repay at its election. The rate at which the borrower repays cannot be predicted with accuracy. Therefore, the remaining maturity may be considerably less than the stated maturity shown in the Portfolio of Investments.
All or a portion of any bank loans may be unfunded. The Portfolio is obligated to fund any commitments at the borrower’s discretion. Therefore, the Portfolio must have funds sufficient to cover its contractual obligation. These unfunded loan commitments, which are marked-to-market daily, are presented in the Portfolio of Investments.
L. Basis for Consolidation for the Commodity Portfolio. The HC Commodity Related Securities Fund, Ltd. and the HC Commodity Related Securities Fund II, Ltd. (the “Funds”) are incorporated as Cayman Islands exempted companies. The Funds are wholly-owned subsidiaries of the Commodity Portfolio and act as investment vehicles for the Commodity Portfolio for the purpose of effecting certain commodity-linked investments consistent with its investment objectives. The Funds may invest in commodity-linked derivative instruments including options, futures and swaps. The Funds may also invest in debt securities, some of which are intended to serve as margin or collateral for the Funds’ derivative positions.
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Notes to Financial Statements (continued) — December 31, 2012
Under the Articles of Association of the Funds, shares issued by the Funds give the Commodity Portfolio, as the sole shareholder, the right to receive notice of, to attend, and to vote at general meetings of the Funds, the right to participate in the profits of the Funds and rights to the assets of the Funds in the event that they are liquidated. As of December 31, 2012, the Commodity Portfolio’s aggregate investment in the Funds was $57,616,220, representing 7.50% of the Commodity Portfolio’s net assets.
The Commodity Portfolio’s investments in these Funds have been consolidated and include the portfolio holdings of the underlying Funds. The consolidated financial statements include the accounts of the Commodity Portfolio and the Funds. All intercompany transactions and balances have been eliminated.
M. Recent Accounting Pronouncement. In December 2011, the Financial Accounting Standards Board issued Accounting Standards Update No. 2011-11 “Disclosures about Offsetting Assets and Liabilities” (“ASU 2011-11”). ASU 2011-11 requires disclosure of both gross and net information related to offsetting and related arrangements, enabling users of its financial statements to understand the effect of those arrangements on the entity’s financial position. The objective of this disclosure is to facilitate comparison between those entities that prepare their financial statements on the basis of U.S. GAAP and those entities that prepare their financial statements on the basis of International Financial Reporting Standards. ASU 2011-11 is effective for interim and annual periods beginning on or after January 1, 2013. Management is evaluating any impact ASU 2011-11 may have on the Trust’s financial statements.
3. INVESTMENT ADVISORY AND ADMINISTRATIVE CONTRACTS. The Trust has entered into investment advisory contracts (“Portfolio Management Contracts”) on behalf of each of the Portfolios with one or more investment management organizations (each, a “Specialist Manager”). For the Portfolio(s) it serves, each Specialist Manager is responsible for providing a continuous program of investment management for that portion of the Portfolio allocated to it and for placing all orders for the purchase and sale of securities and other instruments for such portion of the Portfolio. Except as noted, each Specialist Manager earns a fee, accrued daily and paid either monthly or quarterly, based on average daily net assets of that portion of the Portfolio managed.
For the period ended December 31, 2012, the Portfolios incurred the following investment advisory fees, before any applicable fee waivers, with respect to the services of the indicated Specialist Manager(s). The following annual fee rates are applied to the portions of the Portfolios that are managed by the Specialist Managers in determining amounts earned, except as footnoted.
Value Portfolio:
Specialist Manager | Amount Earned (000) | Fee | ||||||
SSgA Funds Management Inc.* | $ | 75 | 0.04 | % | ||||
Institutional Capital, LLC | 234 | 0.35 | % | |||||
AllianceBernstein L.P. | 263 | 0.38 | %(a) | |||||
$ | 572 | 0.18 | % |
Institutional Value Portfolio:
Specialist Manager | Amount Earned (000) | Fee | ||||||
SSgA Funds Management Inc.* | $ | 119 | 0.04 | % | ||||
Institutional Capital, LLC | 366 | 0.35 | % | |||||
AllianceBernstein L.P. | 402 | 0.38 | %(a) | |||||
Pacific Investment Management Company LLC | — | 0.25 | %(c) | |||||
$ | 887 | 0.17 | % |
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Growth Portfolio:
Specialist Manager | Amount Earned (000) | Fee | ||||||
Jennison Associates LLC | $ | 218 | 0.28 | %(b) | ||||
SSgA Funds Management, Inc.* | 79 | 0.04 | % | |||||
Sustainable Growth Advisers | 303 | 0.35 | % | |||||
$ | 600 | 0.16 | % |
Institutional Growth Portfolio:
Specialist Manager | Amount Earned (000) | Fee | ||||||
Jennison Associates LLC | $ | 211 | 0.28 | %(b) | ||||
SSgA Funds Management, Inc.* | 122 | 0.04 | % | |||||
Sustainable Growth Advisers | 262 | 0.35 | % | |||||
Pacific Investment Management Company LLC | 226 | 0.25 | % | |||||
$ | 821 | 0.15 | % |
Small Cap Portfolio:
Specialist Manager | Amount Earned (000) | Fee | ||||||
Frontier Capital Management Company, LLC | $ | 59 | 0.45 | % | ||||
SSgA Funds Management, Inc.* | 12 | 0.04 | % | |||||
IronBridge Capital Management, L.P. | 100 | 0.95 | % | |||||
Pzena Investment Management, LLC | 110 | 1.00 | % | |||||
Cupps Capital Management, LLC | — | 0.85 | %(c) | |||||
$ | 281 | 0.44 | % |
Institutional Small Cap Portfolio:
Specialist Manager | Amount Earned (000) | Fee | ||||||
Frontier Capital Management Company, LLC | $ | 88 | 0.45 | % | ||||
SSgA Funds Management, Inc.* | 12 | 0.04 | % | |||||
IronBridge Capital Management, L.P. | 180 | 0.95 | % | |||||
Pzena Investment Management, LLC | 197 | 1.00 | % | |||||
Cupps Capital Management, LLC | 118 | 0.85 | % | |||||
$ | 595 | 0.58 | % |
Real Estate Portfolio:
Specialist Manager | Amount Earned (000) | Fee | ||||||
Wellington Management Company, LLP | $ | 271 | 0.72 | %(d) | ||||
SSgA Funds Management, Inc.* | — | 0.12 | %(c) | |||||
$ | 271 | 0.72 | % |
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Commodity Portfolio:
Specialist Manager | Amount Earned (000) | Fee | ||||||
Wellington Management Company, LLP | $ | 1,183 | 0.85 | %(e) | ||||
Wellington Management Company, LLP | 394 | 0.75 | %(f) | |||||
Pacific Investment Management Company LLC | 254 | 0.49 | % | |||||
SSgA Funds Management, Inc.* | 78 | 0.06 | % | |||||
$ | 1,909 | 0.51 | % |
International Portfolio:
Specialist Manager | Amount Earned (000) | Fee | ||||||
Artisan Partners Limited Partnership | $ | 662 | 0.47 | %(g) | ||||
Capital Guardian Trust Company | 497 | 0.36 | %(h) | |||||
Causeway Capital Management LLC | 615 | 0.45 | % | |||||
SSgA Funds Management, Inc.* | 133 | 0.06 | % | |||||
$ | 1,907 | 0.29 | % |
Institutional International Portfolio:
Specialist Manager | Amount Earned (000) | Fee | ||||||
Artisan Partners Limited Partnership | $ | 985 | 0.47 | %(g) | ||||
Capital Guardian Trust Company | 736 | 0.36 | %(h) | |||||
Causeway Capital Management LLC | 912 | 0.45 | % | |||||
Lazard Asset Management LLC | 487 | 0.42 | %(i) | |||||
SSgA Funds Management, Inc.* | 196 | 0.06 | % | |||||
$ | 3,316 | 0.30 | % |
Emerging Markets Portfolio:
Specialist Manager | Amount Earned (000) | Fee | ||||||
SSgA Funds Management, Inc.* | $ | 1,055 | 0.73 | %(j) | ||||
SSgA Funds Management, Inc.* | 143 | 0.16 | % | |||||
Boston Company Asset Management, LLC | 1,126 | 0.72 | %(k) | |||||
$ | 2,324 | 0.58 | % |
Core Fixed Income Portfolio:
Specialist Manager | Amount Earned (000) | Fee | ||||||
BlackRock Financial Management, Inc. | $ | 34 | 0.17 | %(l) | ||||
Seix Investment Advisors LLC | 38 | 0.22 | %(m) | |||||
Mellon Capital Management Corporation | 16 | 0.12 | %(n) | |||||
$ | 88 | 0.18 | % |
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Fixed Opportunity Portfolio:
Specialist Manager | Amount Earned (000) | Fee | ||||||
Seix Investment Advisors LLC | $ | 799 | 0.41 | %(o) | ||||
Fort Washington Investment Advisors, Inc. | 246 | 0.20 | %(p) | |||||
Pacific Investment Management Company LLC | — | 0.45 | %(c) | |||||
$ | 1,045 | 0.33 | % |
U.S. Government Fixed Income Portfolio:
Specialist Manager | Amount Earned (000) | Fee | ||||||
Mellon Capital Management Corporation | $ | 153 | 0.12 | %(n) |
U.S. Corporate Fixed Income Portfolio:
Specialist Manager | Amount Earned (000) | Fee | ||||||
Seix Investment Advisors LLC | $ | 240 | 0.22 | %(m) |
U.S. Mortgage/Asset Backed Fixed Income Portfolio:
Specialist Manager | Amount Earned (000) | Fee | ||||||
BlackRock Financial Management, Inc. | $ | 209 | 0.17 | %(l) |
Short-Term Municipal Portfolio:
Specialist Manager | Amount Earned (000) | Fee | ||||||
Breckinridge Capital Advisors, Inc | $ | 16 | 0.125 | % |
Intermediate Municipal Portfolio:
Specialist Manager | Amount Earned (000) | Fee | ||||||
Standish Mellon Asset Management Company LLC | $ | 392 | 0.17 | %(q) |
Intermediate Municipal II Portfolio:
Specialist Manager | Amount Earned (000) | Fee | ||||||
Breckinridge Capital Advisors, Inc. | $ | 46 | 0.125 | % |
* | SSgA Funds Management, Inc. (“SSgA FM”) is an affiliate of State Street Bank and Trust Company, the custodian to the Trust. |
(a) | AllianceBernstein L.P. (“AllianceBernstein”) receives a fee, which shall be payable monthly in arrears of 0.38% of the average daily net assets of the first $300 million of the Combined Assets (as defined hereafter). On Combined Assets over $300 million, the fee shall be at the annual rate of 0.37% of the Combined Assets. “Combined Assets” shall mean the sum of: the average net assets of the Value Portfolio managed by AllianceBernstein; the average net assets of the Institutional Value Portfolio managed by AllianceBernstein; and assets invested in the same investment strategy as the Portfolio that are managed by AllianceBernstein under the unified managed account program |
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managed by the Trust’s primary adviser. Pursuant to Fee Waiver Agreements, AllianceBernstein contractually agreed to waive the portion of the fee to which it is entitled that exceeded 0.31% of the average daily net asset value of the Combined Assets for the periods from October 1, 2011 through September 30, 2012 and from October 1, 2012 through September 30, 2013. The amounts waived are disclosed on the Statements of Operations. For the period ended December 31, 2012, the Value Portfolio and the Institutional Value Portfolio paid AllianceBernstein $215,527 and $329,011, respectively. |
(b) | Jennison Associates LLC (“Jennison”) is entitled to receive an annual fee of no more than 0.30% of average daily net assets of that portion of the Growth Portfolio and Institutional Growth Portfolio allocated to Jennison (the “Jennison Accounts”). While the rate at which Jennison’s fee for managing the Portfolios will not exceed 0.30%, the fee may decrease based on the aggregate market value of the Jennison Accounts and certain other assets managed by Jennison (which may pay fees exceeding 0.30%) for the benefit of certain investors who are clients of the Trust’s primary adviser at the following annual rates: |
— 0.75% on the first $10 million;
— 0.50% on the next $30 million;
— 0.35% on the next $25 million;
— 0.25% on the next $335 million;
— 0.22% on the next $600 million;
— 0.20% on the next $4 billion; and
— 0.25% on the balance
(c) | Specialist manager approved by the Board but to which no assets were allocated during the period ended December 31, 2012. |
(d) | Wellington Management Company, LLP (“Wellington”) receives a fee, which shall be payable monthly in arrears of 0.75% of the average daily net assets of the first $50 million of the Combined Assets (as defined below). On Combined Assets over $50 million, the fee shall be at the annual rate of 0.65% of the Combined Assets. “Combined Assets” shall mean the sum of: the net assets of the Real Estate Portfolio and assets invested in the same investment strategy as the Portfolio that are managed by Wellington under the unified managed account program managed by the Trust’s primary adviser. |
(e) | Wellington is entitled to receive a fee, which shall be payable monthly in arrears at the annual rate of 0.85% so long as at least $50 million in assets are present in the Global National Resources Strategy (“GNRS”) and 1.00% if less than $50 million in assets are present in the GNRS. |
(f) | Wellington is entitled to receive a fee, which shall be payable monthly in arrears at the annual rate of 0.75% of the average daily net assets of the Commodity Futures Strategy. |
(g) | Artisan Partners Limited Partnership (“Artisan”) receives a fee, which shall be payable monthly in arrears within 30 days after each month end. For so long as the Combined Assets (as defined below) are greater than $500 million, the fee shall be at the annual rate of 0.47% of the average daily net assets of the Portfolios. If the Combined Assets are reduced to $500 million or less, the fee shall be calculated based on average daily net assets of the Portfolios at the following annual rates: |
— 0.80% on assets up to $50 million;
— 0.60% on assets from $50 million to $100 million; and
— 0.70% on assets in excess of $100 million
“Combined Assets” shall mean the sum of: the net assets of the International Portfolio managed by Artisan and the net assets of the Institutional International Portfolio managed by Artisan.
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(h) | Capital Guardian Trust Company (“CapGuardian”) receives a fee, which shall be payable quarterly in arrears in accordance with the following annual rates. The minimum annual fee (based on an account size of $50 million) is $312,500. |
— 0.70% on the first $25 million;
— 0.55% on the next $25 million;
— 0.425% on the next $200 million; and
— 0.375% on the balance
When the total aggregated fees exceed $3 million, before discounts (as set forth below), fee break points are to be eliminated and the Portfolio will pay its fee at an annual rate of 0.375% on all assets in the Portfolio managed by CapGuardian.
The following fee discounts will be applied based upon the total annualized aggregate fees, which include fees from separate accounts, pooled investments vehicles, and funds with internally charged fees managed by The Capital Group Companies, Inc. The resulting discount percentage will be applied to each account’s fees (excluding fees related to investments in funds with internally charged fees):
— 5% discount on fees from $1.25 million to $4 million;
— 7.5% discount on fees from $4 million to $8 million;
— 10% discount on fees from $8 million to $12 million; and
— 12.5% discount on fees over $12 million
(i) | Lazard Asset Management LLC (“Lazard”) receives a fee which shall be payable monthly in arrears of 0.45% of the average daily net assets of the first $100 million, 0.40% on assets between $100 million and $250 million and 0.375% on the excess over $250 million of that portion of the Portfolio allocated to Lazard. |
(j) | SSgA FM receives a fee for the portion of the Portfolio for which it provides actively managed investment management services, based on the average daily net assets of the Portfolio’s assets, which shall be payable monthly in arrears at the annual rate of 0.85% for the first $50 million in such assets, 0.75% for the next $50 million in assets and 0.70% for those assets in excess of $100 million. |
(k) | Boston Company Asset Management, LLC (“Boston Company”) receives an annual fee of 0.90% of the average daily net assets of the first $50 million; 0.85% of the average daily net assets on the next $50 million; 0.70% of the average daily net assets on the next $100 million; and 0.60% of the average daily net assets over $200 million of that portion of the Portfolio managed by Boston Company. |
(l) | BlackRock Financial Management, Inc. (“BlackRock”) receives a fee, which shall be calculated daily and payable monthly, at the annual rate of 0.175% of the first $200 million of the Combined Assets (as defined below) and 0.15% of the Combined Assets exceeding $200 million. BlackRock’s Portfolio Management Agreement was terminated effective as of the close of business January 7, 2013. Beginning January 8, 2013, Mellon Capital Management Corporation will receive a fee which shall be calculated daily and payable monthly at the annual rate of 0.06% of the average daily net assets of the Portfolio. |
“Combined Assets” shall mean the sum of: the net assets managed by BlackRock in the Core Fixed Income Portfolio, the net assets managed by BlackRock in the U.S. Mortgage/Asset Backed Fixed Income Portfolio and the net assets invested in the same strategy as the Portfolios that are managed by BlackRock for the benefit of certain investors who are clients of the Trust’s primary adviser.
(m) | Seix Investment Advisors LLC (“Seix”), receives a fee, which shall be calculated daily and payable monthly in arrears at the annual rate of 0.25% of the first $100 million of the Combined Assets (as defined below) and 0.20% of the Combined Assets exceeding $100 million. |
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“Combined Assets” shall mean the sum of: the net assets managed by Seix in the Core Fixed Income Portfolio and the net assets managed by Seix in the U.S. Corporate Fixed Income Portfolio.
(n) | Through August 31, 2012, Mellon Capital Management Corporation (“Mellon”) received a fee, which was calculated daily and payable monthly, at the annual rate of 0.12% of the average daily net assets of that portion of the Core Fixed Income Portfolio managed by Mellon and the U.S. Government Fixed Income Portfolio. Mellon voluntarily agreed to lower its fee to 0.06% from September 1, 2012 to November 30, 2012. Effective December 1, 2012, Mellon contractually agreed to receive a fee at the annual rate of 0.06%. |
(o) | Through November 30, 2012, Seix received a fee, which was calculated daily and payable quarterly, at an annual rate of 0.50% for the first $100 million of the Combined Assets (as defined below) and 0.40% for the Combined Assets in excess of $100 million. Effective December 1, 2012, the fee shall be at an annual rate of 0.40% for the first $100 million of the Combined Assets, 0.30% of the next $200 million of the Combined Assets, 0.25% on the next $200 million of the Combined Assets and 0.20% of the Combined Assets exceeding $500 million. “Combined Assets” shall mean the sum of: the average daily net assets managed by Seix in the Portfolio and the quarter-end net assets invested in the same strategy as the Portfolio that are managed by Seix for the benefit of certain investors who are clients of the Trust’s primary adviser. |
(p) | Fort Washington Investment Advisors, Inc. (“Fort Washington”) receives a fee, which shall be payable monthly in arrears. For so long as the Combined Assets (as defined below) are greater than $200 million, the fee shall be at the annual rate of 0.20% of the Combined Assets. If the Combined Assets are reduced to $200 million or less due to withdrawals or redemptions, beginning with the first calendar quarter following the date of such withdrawals or redemptions, the fee shall be based on 0.40% of the Combined Assets of the first $25 million, 0.375% of the Combined Assets of the next $25 million, 0.3375% of the Combined Assets of the next $50 million, and 0.25% of the Combined Assets of the next $100 million. |
“Combined Assets” shall mean the sum of: the average daily net assets managed by Fort Washington in the Portfolio and the net assets invested in the same strategy as the Portfolio that are managed by Fort Washington for the benefit of certain investors who are clients of the Trust’s primary adviser.
(q) | Standish Mellon Asset Management Company (“Standish Mellon”) receives a fee, which shall be calculated daily and payable quarterly, at an annual rate of 0.25% for the first $100 million of the Combined Assets (as defined below) and 0.15% of the Combined Assets exceeding $100 million. Standish Mellon is entitled to receive a fee at an annual rate not to exceed 0.20% of the Combined Assets. |
“Combined Assets” shall mean the sum of: the net assets managed by Standish Mellon in the Portfolio and the net assets invested in the same strategy as the Portfolio that are managed by Standish Mellon for the benefit of certain investors who are clients of the Trust’s primary adviser.
Pursuant to discretionary investment advisory agreements between the Trust and the Adviser, the Adviser is paid a fee which is accrued daily and paid monthly at an annual rate of 0.05% of average daily net assets per Portfolio. The fees that the Adviser receives are listed as “Management fees” on the Statements of Operations. The Adviser continuously monitors the performance of various investment management organizations, including the Specialist Managers retained by the Trust, and generally oversees the services provided to the Trust by its administrator, custodian and other service providers. The Adviser is also authorized to allocate and reallocate assets among Specialist Managers in multi-manager portfolios of the Trust from time to time without additional authorization of the Trust’s Board. In addition, the Adviser will make its officers available to serve as officers and/or Trustees of the Trust, and maintain office space sufficient for the Trust’s principal office. The Securities and Exchange Commission has issued an order that permits the Trust to enter into portfolio management agreements with Specialist Managers upon the approval of the Board but without submitting such contracts for the approval of the shareholders of the relevant Portfolio under certain circumstances.
Citi Fund Services Ohio, Inc. (“Citi”) is responsible for providing the Portfolios with administrative, fund accounting, dividend and capital gains disbursing agent and transfer agency services. Citi receives compensation for providing administration, fund accounting and transfer agency services at an all inclusive fee (“Omnibus Fee”) based on a percentage of each Portfolio’s average net assets. These amounts are disclosed as “Administrative service fees” on the Statements of Operations. The Omnibus Fee is accrued daily and payable on a monthly basis at an annual rate of 0.054%
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of the Trust’s Portfolios’ average daily net assets up to $6 billion; and 0.005% of the Trust’s Portfolios’ average daily net assets in excess of $6 billion. As such, the Trust paid an aggregate amount of $1,748,407 to Citi for the period ended December 31, 2012.
The Trust has adopted a Distribution Plan for the Advisors Shares under which the Adviser may receive compensation for distribution services. The Distribution Plan was renewed on October 14, 2012 and in effect through the period ending December 31, 2012. Under the Distribution Plan, which was adopted pursuant to Rule 12b-1 under the 1940 Act, the Adviser is entitled to receive a fee of up to 0.25% annually of the average daily net assets attributable to the Advisors Shares. Currently, the Adviser is voluntarily waiving all fees associated with the Distribution Plan, and there is no current intention to collect such a fee.
Unified Financial Securities, Inc. (“Unified”), a wholly-owned subsidiary of Huntington Bancshares, Inc., serves as the Trust’s principal underwriter. Unified receives an annual fee of $50,000 for performing the services listed under its agreement with the Trust.
Alaric Compliance Services, LLC. (“Alaric”) provides an employee to serve as the Trust’s Chief Compliance Officer. For these services, Alaric is compensated $110,000 per year.
4. PURCHASE AND SALE TRANSACTIONS. The aggregate cost of purchases and proceeds from sales of investment securities, other than long-term U.S. Government securities, TBA securities and short-term securities, for the period ended December 31, 2012 were as follows (amounts in thousands):
Portfolio | Purchases | Sales | ||||||
Value Portfolio | $ | 146,473 | $ | 121,756 | ||||
Institutional Value Portfolio | 225,403 | 198,555 | ||||||
Growth Portfolio | 84,279 | 151,141 | ||||||
Institutional Growth Portfolio | 118,725 | 204,429 | ||||||
Small Cap Portfolio | 10,435 | 13,165 | ||||||
Institutional Small Cap Portfolio | 43,722 | 38,076 | ||||||
Real Estate Portfolio | 16,455 | 23,812 | ||||||
Commodity Portfolio | 92,457 | 70,610 | ||||||
International Portfolio | 271,977 | 280,117 | ||||||
Institutional International Portfolio | 362,060 | 494,346 | ||||||
Emerging Markets Portfolio | 497,193 | 317,808 | ||||||
Core Fixed Income Portfolio | 11,936 | 8,780 | ||||||
Fixed Opportunity Portfolio | 283,229 | 239,994 | ||||||
U.S. Government Fixed Income Portfolio | — | 21,815 | ||||||
U.S. Corporate Fixed Income Portfolio | 50,716 | 50,327 | ||||||
U.S. Mortgage/Asset Backed Fixed Income Portfolio | — | 638 | ||||||
Short-Term Municipal Portfolio | 3,872 | 6,325 | ||||||
Intermediate Municipal Portfolio | 117,263 | 140,700 | ||||||
Intermediate Municipal II Portfolio | 1,575 | 2,683 |
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The aggregate cost of purchases and proceeds from sales of long-term U.S. Government securities for the period ended December 31, 2012 were as follows (amounts in thousands):
Portfolio | Purchases | Sales | ||||||
Institutional Growth Portfolio | $ | 81,928 | $ | 72,028 | ||||
Commodity Portfolio | 6,281 | 1,706 | ||||||
Core Fixed Income Portfolio | 12,483 | 15,513 | ||||||
U.S. Government Fixed Income Portfolio | 101,688 | 76,837 | ||||||
U.S. Mortgage/Asset Backed Fixed Income Portfolio | 43,074 | 45,680 |
5. FEDERAL INCOME TAXES. It is the policy of each Portfolio to continue to qualify as a regulated investment company by complying with the provisions available to certain investment companies, as defined in applicable sections of the Internal Revenue Code (the “Code”), and to make distributions of net investment income and net realized capital gains sufficient to relieve it (but not the shareholders) from all, or substantially all, federal income taxes. The Portfolios may utilize equalization accounting for tax purposes by designating earnings and profits, including net realized gains distributed to shareholders on redemption of shares, as a part of the dividends paid deduction for income tax purposes.
The Trust has evaluated tax positions taken or expected to be taken in the course of preparing each Portfolio’s tax returns to determine whether it is more likely than not (i.e., greater than 50-percent chance) that each tax position will be sustained upon examination by a taxing authority based on the technical merits of the position. A tax position that meets the more-likely-than-not recognition threshold is measured to determine the amount of benefit to recognize in the financial statements. Differences between tax positions taken in a tax return and amounts recognized in the financial statements will generally result in an increase in a liability for taxes payable (or a reduction of a tax refund receivable), including the recognition of any related interest and penalties as an operating expense. Tax positions taken in tax years remain subject to examination by tax authorities (generally the last three tax year ends 2010 – 2012, and the interim tax period since then). The determination has been made that there are no uncertain tax positions that would require the Portfolios to record a tax liability and, therefore, there is no impact to the Portfolios’ financial statements. Furthermore, management of the Portfolios is not aware of any tax position for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next 12 months.
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A. Unrealized Appreciation/Depreciation on securities (amounts in thousands):
Portfolio | Tax Cost of Securities | Tax Unrealized Appreciation | Tax Unrealized (Depreciation) | Net Tax Unrealized Appreciation/ (Depreciation) | ||||||||||||
Value Portfolio | $ | 615,784 | $ | 66,653 | $ | (15,360) | $ | 51,293 | ||||||||
Institutional Value Portfolio | 957,831 | 98,232 | (23,419) | 74,813 | ||||||||||||
Growth Portfolio | 528,048 | 166,570 | (7,375) | 159,195 | ||||||||||||
Institutional Growth Portfolio | 925,590 | 159,576 | (11,162) | 148,414 | ||||||||||||
Small Cap Portfolio | 112,293 | 25,883 | (6,825) | 19,058 | ||||||||||||
Institutional Small Cap Portfolio | 183,409 | 39,532 | (8,312) | 31,220 | ||||||||||||
Real Estate Portfolio | 52,075 | 22,164 | (112) | 22,052 | ||||||||||||
International Portfolio | 1,119,605 | 228,452 | (24,152) | 204,300 | ||||||||||||
Institutional International Portfolio | 1,955,128 | 293,343 | (39,248) | 254,095 | ||||||||||||
Emerging Markets | 892,207 | 105,678 | (25,078) | 80,600 | ||||||||||||
Core Fixed Income Portfolio | 103,249 | 3,822 | (109) | 3,713 | ||||||||||||
Fixed Opportunity Portfolio | 610,588 | 39,993 | (2,506) | 37,487 | ||||||||||||
U.S. Government Fixed Income Portfolio | 243,037 | 8,132 | (532) | 7,600 | ||||||||||||
U.S. Corporate Fixed Income Portfolio | 204,456 | 12,618 | (461) | 12,157 | ||||||||||||
U.S. Mortgage/Asset Backed Portfolio | 274,632 | 6,962 | (106) | 6,856 | ||||||||||||
Short-Term Municipal Portfolio | 24,834 | 575 | (4) | 571 | ||||||||||||
Intermediate Municipal Portfolio | 420,308 | 25,455 | (6,889) | 18,566 | ||||||||||||
Intermediate Municipal II Portfolio | 64,949 | 3,938 | — | 3,938 |
The differences between book-basis and tax-basis unrealized appreciation/depreciation are attributable primarily to: tax deferral of losses on wash sales, the realization for tax purposes of unrealized gains/losses on investments in passive foreign investment companies and the difference between book and tax amortization methods for acquisition premium and market discount.
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B. Tax Characteristics of Distributions Paid
The tax characteristics of distributions paid during the fiscal years ended June 30, 2012 and June 30, 2011 were as follows (amounts in thousands):
Distributions Paid From: | Total Taxable Distributions | Tax-Exempt Distributions | Total Distributions Paid* | |||||||||||||||||
Year Ended June 30, 2012 | Ordinary Income | Net Long Term Gains | ||||||||||||||||||
Value Portfolio | $ | 14,635 | $ | — | $ | 14,635 | $ | — | $ | 14,635 | ||||||||||
Institutional Value Portfolio | 22,075 | 13,419 | 35,494 | — | 35,494 | |||||||||||||||
Growth Portfolio | 7,924 | — | 7,924 | — | 7,924 | |||||||||||||||
Institutional Growth Portfolio | 11,271 | 4,783 | 16,054 | — | 16,054 | |||||||||||||||
Small Cap Portfolio | 627 | — | 627 | — | 627 | |||||||||||||||
Institutional Small Cap Portfolio | 513 | — | 513 | — | 513 | |||||||||||||||
Real Estate Portfolio | 10,574 | 46,451 | 57,025 | — | 57,025 | |||||||||||||||
International Portfolio | 27,139 | — | 27,139 | — | 27,139 | |||||||||||||||
Institutional International Portfolio | 43,446 | 55,971 | 99,417 | — | 99,417 | |||||||||||||||
Emerging Markets Portfolio | 8,746 | 8,915 | 17,661 | — | 17,661 | |||||||||||||||
Core Fixed Income Portfolio | 3,318 | 3,170 | 6,488 | — | 6,488 | |||||||||||||||
Fixed Opportunity Portfolio | 38,104 | — | 38,104 | — | 38,104 | |||||||||||||||
U.S. Government Fixed Income Portfolio(a) | 8,418 | — | 8,418 | — | 8,418 | |||||||||||||||
U.S. Corporate Fixed Income Portfolio(a) | 9,199 | — | 9,199 | — | 9,199 | |||||||||||||||
U.S. Mortgage/ Asset Backed Fixed Income Portfolio(a) | 9,752 | — | 9,752 | — | 9,752 | |||||||||||||||
Short-Term Municipal Portfolio | — | 64 | 64 | 599 | 663 | |||||||||||||||
Intermediate Municipal Portfolio | 181 | — | 181 | 15,574 | 15,755 | |||||||||||||||
Intermediate Municipal II Portfolio(a) | — | 46 | 46 | 1,599 | 1,645 |
Distributions Paid From: | Total Taxable Distributions | Tax-Exempt Distributions | Total Distributions Paid* | |||||||||||||||||
Year Ended June 30, 2011 | Ordinary Income | Net Long Term Gains | ||||||||||||||||||
Value Portfolio | $ | 9,317 | $ | — | $ | 9,317 | $ | — | $ | 9,317 | ||||||||||
Institutional Value Portfolio | 13,556 | — | 13,556 | — | 13,556 | |||||||||||||||
Growth Portfolio | 5,622 | — | 5,622 | — | 5,622 | |||||||||||||||
Institutional Growth Portfolio | 7,990 | — | 7,990 | — | 7,990 | |||||||||||||||
Small Cap Portfolio | 610 | — | 610 | — | 610 | |||||||||||||||
Institutional Small Cap Portfolio | 925 | — | 925 | — | 925 | |||||||||||||||
Real Estate Portfolio | 9,792 | 4,089 | 13,881 | — | 13,881 | |||||||||||||||
International Portfolio | 29,978 | — | 29,978 | — | 29,978 | |||||||||||||||
Institutional International Portfolio | 44,309 | — | 44,309 | — | 44,309 | |||||||||||||||
Emerging Markets Portfolio | 8,043 | — | 8,043 | — | 8,043 | |||||||||||||||
Core Fixed Income Portfolio | 10,056 | 3,067 | 13,123 | — | 13,123 | |||||||||||||||
Fixed Opportunity Portfolio | 34,593 | — | 34,593 | — | 34,593 | |||||||||||||||
U.S. Government Fixed Income Portfolio | 1,663 | — | 1,663 | — | 1,663 | |||||||||||||||
U.S. Corporate Fixed Income Portfolio | 3,240 | — | 3,240 | — | 3,240 | |||||||||||||||
U.S. Mortgage/ Asset Backed Fixed Income Portfolio | 2,025 | — | 2,025 | — | 2,025 | |||||||||||||||
Short-Term Municipal Portfolio | — | 42 | 42 | 780 | 822 | |||||||||||||||
Intermediate Municipal Portfolio | 240 | — | 240 | 18,106 | 18,346 | |||||||||||||||
Intermediate Municipal II Portfolio | — | — | — | 953 | 953 |
* | Total distributions paid may differ from those shown in the Statements of Changes in Net Assets because dividends for tax purposes are recognized when actually paid. Certain Portfolios may utilize equalization accounting for tax |
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purposes by designating earnings and profits, including net realized gains distributed to shareholders on redemption of shares, as part of the dividends paid deduction for income tax purposes. |
Amounts designated as “—” are $0 or have been rounded to $0.
C. Components of Accumulated Earnings
As of June 30, 2012, the components of accumulated earnings/(deficit) on a tax basis were as follows (amounts
in thousands):
Portfolio | Undistributed Ordinary Income/Tax Exempt Income | Undistributed Long Term Capital Gains | Accumulated Earnings | Dividends Payable | Accumulated Capital and Other Losses | Unrealized Appreciation/ Depreciation | Total Accumulated Earnings/ (Deficit) | |||||||||||||||||||||
Value Portfolio | $ | 316 | $ | — | $ | 316 | $ | — | $ | (221,000) | $ | 30,662 | $ | (190,022) | ||||||||||||||
Institutional Value Portfolio | 3,979 | 31,910 | 35,889 | — | — | 40,460 | 76,349 | |||||||||||||||||||||
Growth Portfolio | 489 | — | 489 | — | (131,510) | 156,629 | 25,608 | |||||||||||||||||||||
Institutional Growth Portfolio | 2,382 | 108,231 | 110,613 | — | — | 143,359 | 253,972 | |||||||||||||||||||||
Small Cap Portfolio | 130 | — | 130 | — | (67,268) | 14,250 | (52,888) | |||||||||||||||||||||
Institutional Small Cap Portfolio | 186 | — | 186 | — | (13,835) | 22,147 | 8,498 | |||||||||||||||||||||
Real Estate Portfolio | — | 17,571 | 17,571 | — | — | 23,686 | 41,257 | |||||||||||||||||||||
International Portfolio | 2,646 | — | 2,646 | — | (90,016) | 68,099 | (19,271) | |||||||||||||||||||||
Institutional International Portfolio | 4,216 | 1,530 | 5,746 | — | — | (5,059) | 687 | |||||||||||||||||||||
Emerging Markets Portfolio | 6,321 | — | 6,321 | — | (13,061) | (16,021) | (22,761) | |||||||||||||||||||||
Core Fixed Income Portfolio | 1,105 | 382 | 1,487 | (276) | — | 3,773 | 4,984 | |||||||||||||||||||||
Fixed Opportunity Portfolio | 2,603 | — | 2,603 | — | (7,674) | 13,039 | 7,968 | |||||||||||||||||||||
U.S. Government Fixed Income Portfolio | 1,583 | 2,891 | 4,474 | (288) | — | 10,643 | 14,829 | |||||||||||||||||||||
U.S. Corporate Fixed Income Portfolio | 2,003 | 1,086 | 3,089 | (597) | — | 11,289 | 13,781 | |||||||||||||||||||||
U.S. Mortgage/ Asset Backed Fixed Income Portfolio | 942 | — | 942 | (791) | (820) | 7,172 | 6,503 | |||||||||||||||||||||
Short-Term Municipal Portfolio | 44 | 223 | 267 | (38) | — | 680 | 909 | |||||||||||||||||||||
Intermediate Municipal Portfolio | 1,711 | — | 1,711 | (1,261) | (25,006) | 25,275 | 719 | |||||||||||||||||||||
Intermediate Municipal II Portfolio | 168 | 188 | 356 | (136) | — | 3,733 | 3,953 |
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Notes to Financial Statements (continued) — December 31, 2012
D. Capital Loss Carryforwards
As of their tax year ended June 30, 2012, the following Portfolios had capital loss carryforwards (“CLCFs”) as summarized below (amounts in thousands):
CLCFs subject to expiration:
Portfolio | Expires 2017 | Expires 2018 | Expires 2019 | Total | ||||||||||||
Value Portfolio | $ | 33,411 | $ | 187,589 | $ | — | $ | 221,000 | ||||||||
Growth Portfolio | 15,827 | 115,683 | — | 131,510 | ||||||||||||
Small Cap Portfolio | 23,737 | 42,558 | — | 66,295 | ||||||||||||
Institutional Small Cap Portfolio | — | 12,873 | — | 12,873 | ||||||||||||
International Portfolio | — | 83,328 | — | 83,328 | ||||||||||||
Fixed Income Opportunity Portfolio | 7,674 | — | — | 7,674 | ||||||||||||
Intermediate Municipal Portfolio | — | 15,293 | 9,713 | 25,006 |
CLCFs not subject to expiration:
Portfolio | Short-Term Amount | Long-Term Amount | Total | |||||||||
Emerging Markets Portfolio | $ | 3,708 | $ | — | $ | 3,708 |
CLCFs that are not subject to expiration must be utilized before those that are subject to expiration. During the year ended June 30, 2012, the Portfolios utilized CLCFs as follows (amounts in thousands):
Portfolio | Amount | |||
Value Portfolio | $ | 14,623 | ||
Growth Portfolio | 94,445 | |||
Institutional Growth Portfolio | 13,304 | |||
Small Cap Portfolio | 5,767 | |||
Institutional Small Cap Portfolio | 5,064 | |||
International Portfolio | 47,177 | |||
Fixed Income Opportunity Portfolio | 6,621 | |||
Intermediate Municipal Portfolio | 6,672 |
E. Deferred Losses
Under current tax law, capital losses and specified ordinary losses realized after October 31 and non-specified ordinary losses incurred after December 31 (ordinary losses collectively known as “late year ordinary loss”) may be deferred and treated as occurring on the first business day of the following fiscal year. The following Portfolios had deferred losses, which will be treated as arising on the first day of the fiscal year ending June 30, 2013 (amounts in thousands):
Portfolio | Post-October Capital Losses | |||
Small Cap Portfolio | $ | 973 | ||
Institutional Small Cap Portfolio | 962 | |||
International Portfolio | 6,688 | |||
Emerging Markets Portfolio | 9,353 | |||
U.S. Mortgage/Asset Backed Portfolio | 820 |
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Notes to Financial Statements (continued) — December 31, 2012
F. Commodity Portfolio Tax Information
The Commodity Portfolio has a tax year end of December 31.
The Commodity Portfolio’s tax cost of securities as of December 31, 2012 was $713,342, resulting in accumulated net unrealized appreciation of $53,016 consisting of $72,052 in gross unrealized appreciation and $19,036 in gross unrealized depreciation.
The tax characteristics of distributions paid during the tax years ended December 31, 2012 and December 31, 2011 were as follows (amounts in thousands):
Year Ended December 31, 2012 | Distributions Paid From: | Total Taxable Distributions | Tax-Exempt Distributions | Total Distributions Paid* | ||||||||||||||||
Ordinary Income | Net Long Term Gains | |||||||||||||||||||
Commodity Portfolio | $ | 7,499 | $ | — | $ | 7,499 | $ | — | $ | 7,499 |
Year Ended December 31, 2011 | ||||||||||||||||||||
Commodity Portfolio | $ | 8,099 | $ | — | $ | 8,099 | $ | — | $ | 8,099 |
* | Total distributions paid may differ from those shown in the Statements of Changes in Net Assets because dividends for tax purposes are recognized when actually paid. The Portfolio may utilize equalization accounting for tax purposes by designating earnings and profits, including net realized gains distributed to shareholders on redemption of shares, as part of the dividends paid deduction for income tax purposes. |
Amounts designated as “—” are $0 or have been rounded to $0.
As of December 31, 2012, the components of accumulated earnings (deficit) on a tax basis were as follows:
Portfolio | Undistributed Ordinary Income/Tax Exempt Income | Undistributed Long Term Capital Gains | Accumulated Earnings | Dividends Payable | Accumulated Capital and Other Losses | Unrealized Appreciation/ (Depreciation) | Total Accumulated Earnings/ (Deficit) | |||||||||||||||||||||
Commodity Portfolio | $ | 75 | $ | — | $ | 75 | $ | — | $ | (32,882) | $ | 52,998 | $ | 20,191 |
Amounts designated as “—” are $0 or have been rounded to $0.
At December 31, 2012, the Commodity Portfolio had CLCFs (not subject to expiration) to offset future capital gains, if any, as summarized in the table below (amounts in thousands):
Short-Term Capital Loss | Long-Term Capital Loss | Total | ||||||
$21,076 | $ | 7,555 | $ | 28,631 |
At December 31, 2012, the Commodity Portfolio had deferred losses, which will be treated as arising on the first day of the fiscal year ending June 30, 2013.
Portfolio | Post-October Capital Losses | |||
Commodity Portfolio | $ | 4,128 |
Portfolio | Post-October Currency Losses | |||
Commodity Portfolio | $ | 123 |
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Notes to Financial Statements (concluded) — December 31, 2012
6. RISK CONSIDERATIONS.
Market Risk — Each Portfolio bears a basic risk that the value of the securities held by a Portfolio may decline in response to general market and economic conditions, or conditions that affect specific market sectors or
individual companies.
Credit Risk — Credit risk is the risk that an issuer (or in the case of certain securities, the guarantor or counterparty) will be unable to make principal and interest payments when due. The creditworthiness of an issuer may be affected by a number of factors, including the financial condition of the issuer (or guarantor) and, in the case of foreign issuers, the financial condition of the region.
Foreign Investment Risk — Investments in securities issued by non-U.S. companies and non-U.S. governments and their agencies may be adversely affected by the lack of timely or reliable financial information, political, social and/or economic developments abroad and foreign regulatory requirements and market practices. Securities denominated in foreign currencies are subject to the risk that the value of the foreign currency will decline in relation to the U.S. dollar. In addition, risks associated with foreign investments may be intensified in the case of investments in emerging market countries, whose political, legal and economic systems are less developed and less stable than those of more developed nations.
Concentration Risk — Concentration risk is the risk that results from a lack of diversification. The Real Estate Portfolio and Commodity Portfolio concentrate their investments in real estate securities and commodity-related industries, respectively, which may present greater risks of loss than if the Portfolios were more broadly diversified over numerous unrelated industries.
Commodity-Related Derivatives Risk — The Commodity Portfolio, through its investment in its subsidiaries, will hold commodity-related derivatives. Commodity-related derivatives provide exposure, which may include long and/or short exposure, to the investment returns of physical commodities that trade in the commodities markets without investing directly in physical commodities. The value of a commodity-related derivative typically is based upon the price movements of a physical commodity (such as heating oil, precious metals, livestock, or agricultural products), a commodity futures contract or commodity index, or some other readily measurable economic variable. The value of commodity-related derivatives may be affected by changes in overall market movements, volatility of the underlying benchmark, changes in interest rates, or factors affecting a particular industry or commodity, such as drought, floods, weather, livestock disease, embargoes, tariffs and international economic, political and regulatory developments. The value of commodity-related derivatives will rise or fall in response to changes in the underlying commodity or related index. Investments in commodity-related derivatives may be subject to greater volatility than non-derivative based investments. A highly liquid secondary market may not exist for certain commodity-related derivatives, and there can be no assurance that one will develop.
7. SUBSEQUENT EVENTS. Management has evaluated subsequent events through the date these financial statements were issued. Based on the evaluation, no additional disclosures or adjustments were required to the financial statements as of December 31, 2012.
Effective January 7, 2013, the investment advisory relationship between the Trust and BlackRock Financial Management, Inc. (“BlackRock”) with respect to The Core Fixed Income Portfolio and The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio has been terminated. The Board of Trustees (the “Board”) for the Trust approved the engagement of Mellon Capital Management Corporation (“Mellon Capital”) as an additional investment advisory organization (“Specialist Manager”) to manage a portion of the assets of The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio of the Trust beginning on January 8, 2013.
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Additional Information — December 31, 2012 (Unaudited)
1. SECURITY PROXY VOTING. A description of the policies and procedures that the Trust uses to determine how to vote proxies relating to portfolio securities is contained in the Statement of Additional Information. Information regarding how the Portfolios voted proxies relating to portfolio securities during the most recent twelve months ended June 30, is available without charge, upon request, by calling 800-242-9596 and on the Securities and Exchange Commission’s (“SEC”) website at http://www.sec.gov.
2. EXPENSE EXAMPLE. As a shareholder of the Trust, you incur ongoing costs, including management fees and other Portfolio expenses. This example (as set forth in the table below) is intended to help you understand your ongoing costs (in dollars) of investing in the Trust and to compare these costs with the ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period from July 1, 2012 through December 31, 2012.
Actual Expenses: The table below provides information about actual account values and actual expenses. You may use the information below, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the table under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.
Hypothetical Example for Comparison Purposes: The table below provides information about hypothetical account values and hypothetical expenses based on each of the Portfolio’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Portfolio’s actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of other funds.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as redemption fees or exchange fees. Therefore, the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.
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Additional Information (continued) — December 31, 2012 (Unaudited)
Beginning Account Value, July 1, 2012 | Ending Account Value, December 31, 2012 | Expenses Paid During Period2 | Annualized Expense Ratio | |||||||||||||||||||||
Value Portfolio | HC Strategic Shares | Actual | $ | 1,000.00 | $ | 1,069.00 | $ | 1.36 | 0.26 | % | ||||||||||||||
Hypothetical1 | $ | 1,000.00 | $ | 1,023.89 | $ | 1.33 | 0.26 | % | ||||||||||||||||
HC Advisors Shares | Actual | $ | 1,000.00 | $ | 1,068.20 | $ | 1.36 | 0.26 | % | |||||||||||||||
Hypothetical1 | $ | 1,000.00 | $ | 1,023.89 | $ | 1.33 | 0.26 | % | ||||||||||||||||
Institutional Value Portfolio | HC Strategic Shares | Actual | $ | 1,000.00 | $ | 1,069.30 | $ | 1.41 | 0.27 | % | ||||||||||||||
Hypothetical1 | $ | 1,000.00 | $ | 1,023.84 | $ | 1.38 | 0.27 | % | ||||||||||||||||
HC Advisors Shares | Actual | $ | 1,000.00 | $ | 1,069.30 | $ | 1.41 | 0.27 | % | |||||||||||||||
Hypothetical1 | $ | 1,000.00 | $ | 1,023.84 | $ | 1.38 | 0.27 | % | ||||||||||||||||
Growth Portfolio | HC Strategic Shares | Actual | $ | 1,000.00 | $ | 1,045.70 | $ | 1.44 | 0.28 | % | ||||||||||||||
Hypothetical1 | $ | 1,000.00 | $ | 1,023.79 | $ | 1.43 | 0.28 | % | ||||||||||||||||
HC Advisors Shares | Actual | $ | 1,000.00 | $ | 1,045.70 | $ | 1.44 | 0.28 | % | |||||||||||||||
Hypothetical1 | $ | 1,000.00 | $ | 1,023.79 | $ | 1.43 | 0.28 | % | ||||||||||||||||
Institutional Growth Portfolio | HC Strategic Shares | Actual | $ | 1,000.00 | $ | 1,050.70 | $ | 1.34 | 0.26 | % | ||||||||||||||
Hypothetical1 | $ | 1,000.00 | $ | 1,023.89 | $ | 1.33 | 0.26 | % | ||||||||||||||||
HC Advisors Shares | Actual | $ | 1,000.00 | $ | 1,051.40 | $ | 1.34 | 0.26 | % | |||||||||||||||
Hypothetical1 | $ | 1,000.00 | $ | 1,023.89 | $ | 1.33 | 0.26 | % | ||||||||||||||||
Small Cap Portfolio | HC Strategic Shares | Actual | $ | 1,000.00 | $ | 1,072.50 | $ | 2.93 | 0.56 | % | ||||||||||||||
Hypothetical1 | $ | 1,000.00 | $ | 1,022.38 | $ | 2.85 | 0.56 | % | ||||||||||||||||
HC Advisors Shares | Actual | $ | 1,000.00 | $ | 1,073.30 | $ | 2.93 | 0.56 | % | |||||||||||||||
Hypothetical1 | $ | 1,000.00 | $ | 1,022.38 | $ | 2.85 | 0.56 | % | ||||||||||||||||
Institutional Small Cap Portfolio | HC Strategic Shares | Actual | $ | 1,000.00 | $ | 1,066.00 | $ | 3.59 | 0.69 | % | ||||||||||||||
Hypothetical1 | $ | 1,000.00 | $ | 1,021.73 | $ | 3.52 | 0.69 | % | ||||||||||||||||
HC Advisors Shares | Actual | $ | 1,000.00 | $ | 1,065.20 | $ | 3.59 | 0.69 | % | |||||||||||||||
Hypothetical1 | $ | 1,000.00 | $ | 1,021.73 | $ | 3.52 | 0.69 | % | ||||||||||||||||
Real Estate Portfolio | HC Strategic Shares | Actual | $ | 1,000.00 | $ | 1,032.30 | $ | 4.41 | 0.86 | % | ||||||||||||||
Hypothetical1 | $ | 1,000.00 | $ | 1,020.87 | $ | 4.38 | 0.86 | % | ||||||||||||||||
HC Advisors Shares | Actual | $ | 1,000.00 | $ | 1,032.30 | $ | 4.41 | 0.86 | % | |||||||||||||||
Hypothetical1 | $ | 1,000.00 | $ | 1,020.87 | $ | 4.38 | 0.86 | % | ||||||||||||||||
Commodity Portfolio | HC Strategic Shares | Actual | $ | 1,000.00 | $ | 1,092.10 | $ | 3.27 | 0.62 | % | ||||||||||||||
Hypothetical1 | $ | 1,000.00 | $ | 1,022.08 | $ | 3.16 | 0.62 | % | ||||||||||||||||
HC Advisors Shares | Actual | $ | 1,000.00 | $ | 1,092.10 | $ | 3.27 | 0.62 | % | |||||||||||||||
Hypothetical1 | $ | 1,000.00 | $ | 1,022.08 | $ | 3.16 | 0.62 | % | ||||||||||||||||
International Portfolio | HC Strategic Shares | Actual | $ | 1,000.00 | $ | 1,142.80 | $ | 2.21 | 0.41 | % | ||||||||||||||
Hypothetical1 | $ | 1,000.00 | $ | 1,023.14 | $ | 2.09 | 0.41 | % | ||||||||||||||||
HC Advisors Shares | Actual | $ | 1,000.00 | $ | 1,142.70 | $ | 2.21 | 0.41 | % | |||||||||||||||
Hypothetical1 | $ | 1,000.00 | $ | 1,023.14 | $ | 2.09 | 0.41 | % | ||||||||||||||||
Institutional International Portfolio | HC Strategic Shares | Actual | $ | 1,000.00 | $ | 1,145.20 | $ | 2.27 | 0.42 | % | ||||||||||||||
Hypothetical1 | $ | 1,000.00 | $ | 1,023.09 | $ | 2.14 | 0.42 | % | ||||||||||||||||
HC Advisors Shares | Actual | $ | 1,000.00 | $ | 1,146.40 | $ | 2.27 | 0.42 | % | |||||||||||||||
Hypothetical1 | $ | 1,000.00 | $ | 1,023.09 | $ | 2.14 | 0.42 | % |
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HC CAPITAL TRUST
Additional Information (continued) — December 31, 2012 (Unaudited)
Beginning Account Value, July 1, 2012 | Ending Account Value, December 31, 2012 | Expenses Paid During Period2 | Annualized Expense Ratio | |||||||||||||||||||||
Emerging Markets Portfolio | HC Strategic Shares | Actual | $ | 1,000.00 | $ | 1,129.30 | $ | 4.19 | 0.78 | % | ||||||||||||||
Hypothetical1 | $ | 1,000.00 | $ | 1,021.27 | $ | 3.97 | 0.78 | % | ||||||||||||||||
HC Advisors Shares | Actual | $ | 1,000.00 | $ | 1,129.30 | $ | 4.19 | 0.78 | % | |||||||||||||||
Hypothetical1 | $ | 1,000.00 | $ | 1,021.27 | $ | 3.97 | 0.78 | % | ||||||||||||||||
Core Fixed Income Portfolio | HC Strategic Shares | Actual | $ | 1,000.00 | $ | 1,019.70 | $ | 1.48 | 0.29 | % | ||||||||||||||
Hypothetical1 | $ | 1,000.00 | $ | 1,023.74 | $ | 1.48 | 0.29 | % | ||||||||||||||||
HC Advisors Shares | Actual | $ | 1,000.00 | $ | 1,019.70 | $ | 1.48 | 0.29 | % | |||||||||||||||
Hypothetical1 | $ | 1,000.00 | $ | 1,023.74 | $ | 1.48 | 0.29 | % | ||||||||||||||||
Fixed Opportunity Portfolio | HC Strategic Shares | Actual | $ | 1,000.00 | $ | 1,083.20 | $ | 2.36 | 0.45 | % | ||||||||||||||
Hypothetical1 | $ | 1,000.00 | $ | 1,022.94 | $ | 2.29 | 0.45 | % | ||||||||||||||||
HC Advisors Shares | Actual | $ | 1,000.00 | $ | 1,083.30 | $ | 2.36 | 0.45 | % | |||||||||||||||
Hypothetical1 | $ | 1,000.00 | $ | 1,022.94 | $ | 2.29 | 0.45 | % | ||||||||||||||||
U.S. Government Fixed Income Portfolio | HC Strategic Shares | Actual | $ | 1,000.00 | $ | 1,004.50 | $ | 1.01 | 0.20 | % | ||||||||||||||
Hypothetical1 | $ | 1,000.00 | $ | 1,024.20 | $ | 1.02 | 0.20 | % | ||||||||||||||||
U.S. Corporate Fixed Income Portfolio | HC Strategic Shares | Actual | $ | 1,000.00 | $ | 1,041.40 | $ | 1.75 | 0.34 | % | ||||||||||||||
Hypothetical1 | $ | 1,000.00 | $ | 1,023.49 | $ | 1.73 | 0.34 | % | ||||||||||||||||
U.S. Mortgage/Asset Backed Fixed Income Portfolio | HC Strategic Shares | Actual | $ | 1,000.00 | $ | 1,011.30 | $ | 1.47 | 0.29 | % | ||||||||||||||
Hypothetical1 | $ | 1,000.00 | $ | 1,023.74 | $ | 1.48 | 0.29 | % | ||||||||||||||||
Short-Term Municipal Portfolio | HC Strategic Shares | Actual | $ | 1,000.00 | $ | 1,004.50 | $ | 1.31 | 0.26 | % | ||||||||||||||
Hypothetical1 | $ | 1,000.00 | $ | 1,023.89 | $ | 1.33 | 0.26 | % | ||||||||||||||||
Intermediate Municipal Portfolio | HC Strategic Shares | Actual | $ | 1,000.00 | $ | 1,027.80 | $ | 1.43 | 0.28 | % | ||||||||||||||
Hypothetical1 | $ | 1,000.00 | $ | 1,023.79 | $ | 1.43 | 0.28 | % | ||||||||||||||||
HC Advisors Shares | Actual | $ | 1,000.00 | $ | 1,027.80 | $ | 1.43 | 0.28 | % | |||||||||||||||
Hypothetical1 | $ | 1,000.00 | $ | 1,023.79 | $ | 1.43 | 0.28 | % | ||||||||||||||||
Intermediate Muni II | HC Strategic Shares | Actual | $ | 1,000.00 | $ | 1,015.60 | $ | 1.27 | 0.25 | % | ||||||||||||||
Hypothetical1 | $ | 1,000.00 | $ | 1,023.95 | $ | 1.28 | 0.25 | % | ||||||||||||||||
HC Advisors Shares | Actual | $ | 1,000.00 | $ | 1,015.60 | $ | 1.27 | 0.25 | % | |||||||||||||||
Hypothetical1 | $ | 1,000.00 | $ | 1,023.95 | $ | 1.28 | 0.25 | % |
1 | Represents the hypothetical 5% annual return before expenses. |
2 | Expenses are equal to the Portfolio’s annualized expense ratio multiplied by the average account value over the period multiplied by 184/365 (to reflect the one-half year period). |
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Additional Information (continued) — December 31, 2012 (Unaudited)
3. ADDITIONAL FEDERAL INCOME TAX INFORMATION
A. Dividends Received Deduction. For corporate shareholders, the following percentage of the total ordinary income distributions paid during the fiscal year ended December 31, 2012, qualify for the corporate dividend received deduction for the following Portfolio:
Portfolio | Dividends Received Deduction | |||
Commodity Portfolio | 41.52 | % |
B. Qualified Dividends. For the fiscal year ended December 31, 2012, under current tax law, the following dividends paid may be subject to a maximum tax rate of 15%.
Portfolio | Dividends Paid | |||
Commodity Portfolio | 100.00 | % |
The Portfolios intend to designate the maximum amount allowable as taxed at a maximum rate of 15%. Complete information will be reported in conjunction with your 2012 Form 1099-DIV.
4. ACCESS TO QUARTERLY HOLDINGS
A complete schedule of each Portfolio’s portfolio holdings for the first and third fiscal quarter of each fiscal year is filed with the SEC on Form N-Q and is available on the SEC’s website at http://www.sec.gov. In addition, the schedules may be reviewed and copied at the SEC’s Public Reference Room in Washington D.C. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.
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Additional Information (continued) — December 31, 2012 (Unaudited)
5. ADDITIONAL PORTFOLIO HOLDINGS INFORMATION
The following tables reflect the percentage of the total investments of each Portfolio attributable to the indicated industry sector, type of security or geographic region, as appropriate for the indicated Portfolio.
Value Portfolio
Security Allocation | Percentage of Value | |||
Consumer Discretionary | 10.9 | % | ||
Consumer Staples | 11.2 | % | ||
Energy | 9.4 | % | ||
Financials | 18.8 | % | ||
Health Care | 12.7 | % | ||
Industrials | 13.3 | % | ||
Information Technology | 10.9 | % | ||
Materials | 6.4 | % | ||
Telecommunication Services | 3.3 | % | ||
Utilities | 2.3 | % | ||
Other | 0.8 | % | ||
Total | 100.0 | % |
Institutional Value Portfolio
Security Allocation | Percentage of Value | |||
Consumer Discretionary | 10.7 | % | ||
Consumer Staples | 11.3 | % | ||
Energy | 9.4 | % | ||
Financials | 18.8 | % | ||
Health Care | 12.5 | % | ||
Industrials | 13.5 | % | ||
Information Technology | 11.0 | % | ||
Materials | 6.5 | % | ||
Telecommunication Services | 3.3 | % | ||
Utilities | 2.3 | % | ||
Other | 0.7 | % | ||
Total | 100.0 | % |
Growth Portfolio
Security Allocation | Percentage of Value | |||
Consumer Discretionary | 13.5 | % | ||
Consumer Staples | 16.2 | % | ||
Energy | 6.4 | % | ||
Financials | 3.5 | % | ||
Health Care | 18.1 | % | ||
Industrials | 7.6 | % | ||
Information Technology | 30.2 | % | ||
Materials | 4.1 | % | ||
Telecommunication Services | 0.2 | % | ||
Other | 0.2 | % | ||
Total | 100.0 | % |
Institutional Growth Portfolio
Security Allocation | Percentage of Value | |||
Consumer Discretionary | 10.4 | % | ||
Consumer Staples | 14.1 | % | ||
Energy | 5.5 | % | ||
Financials | 3.9 | % | ||
Health Care | 15.0 | % | ||
Industrials | 6.6 | % | ||
Information Technology | 24.0 | % | ||
Materials | 2.6 | % | ||
Telecommunication Services | 0.1 | % | ||
Other | 17.8 | % | ||
Total | 100.0 | % |
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Additional Information (continued) — December 31, 2012 (Unaudited)
Small Cap Portfolio
Security Allocation | Percentage of Value | |||
Consumer Discretionary | 13.5 | % | ||
Consumer Staples | 2.2 | % | ||
Energy | 5.5 | % | ||
Financials | 18.3 | % | ||
Health Care | 11.4 | % | ||
Industrials | 21.7 | % | ||
Information Technology | 17.5 | % | ||
Materials | 5.3 | % | ||
Telecommunication Services | 1.0 | % | ||
Utilities | 1.8 | % | ||
Other | 1.8 | % | ||
Total | 100.0 | % |
Institutional Small Cap Portfolio
Security Allocation | Percentage of Value | |||
Consumer Discretionary | 14.7 | % | ||
Consumer Staples | 2.0 | % | ||
Energy | 5.1 | % | ||
Financials | 18.2 | % | ||
Health Care | 9.9 | % | ||
Industrials | 21.4 | % | ||
Information Technology | 19.1 | % | ||
Materials | 5.1 | % | ||
Telecommunication Services | 0.8 | % | ||
Utilities | 1.8 | % | ||
Other | 1.9 | % | ||
Total | 100.0 | % |
Real Estate Portfolio
Security Allocation | Percentage of Value | |||
Diversified Real Estate Activities | 1.5 | % | ||
Diversified Real Estate Investment Trusts | 4.8 | % | ||
Hotels, Resorts & Cruise Lines | 5.6 | % | ||
Industrial Real Estate Investment Trusts | 3.3 | % | ||
Office Real Estate Investment Trusts | 9.8 | % | ||
Real Estate Operating Companies | 3.7 | % | ||
Residential Real Estate Investment Trusts | 19.5 | % | ||
Retail Real Estate Investment Trusts | 23.0 | % | ||
Specialized Real Estate Investment Trusts | 27.5 | % | ||
Other | 1.3 | % | ||
Total | 100.0 | % |
Commodity Portfolio
Security Allocation | Percentage of Value | |||
Consumer Discretionary | 0.1 | % | ||
Energy | 43.2 | % | ||
Financials | 1.8 | % | ||
Industrials | 0.6 | % | ||
Materials | 29.6 | % | ||
Utilities | 0.5 | % | ||
Other | 24.2 | % | ||
Total | 100.0 | % |
220
HC CAPITAL TRUST
Additional Information (continued) — December 31, 2012 (Unaudited)
International Portfolio
Security Allocation | Percentage of Value | |||
Consumer Discretionary | 11.8 | % | ||
Consumer Staples | 12.6 | % | ||
Energy | 8.7 | % | ||
Financials | 20.1 | % | ||
Health Care | 8.8 | % | ||
Industrials | 15.7 | % | ||
Information Technology | 6.3 | % | ||
Materials | 8.4 | % | ||
Telecommunication Services | 4.7 | % | ||
Utilities | 2.1 | % | ||
Other | 0.8 | % | ||
Total | 100.0 | % |
Institutional International Portfolio
Security Allocation | Percentage of Value | |||
Consumer Discretionary | 11.6 | % | ||
Consumer Staples | 12.3 | % | ||
Energy | 8.6 | % | ||
Financials | 20.7 | % | ||
Health Care | 9.2 | % | ||
Industrials | 15.5 | % | ||
Information Technology | 6.2 | % | ||
Materials | 8.3 | % | ||
Telecommunication Services | 4.6 | % | ||
Utilities | 2.4 | % | ||
Other | 0.6 | % | ||
Total | 100.0 | % |
Emerging Markets Portfolio
Security Allocation | Percentage of Value | |||
Consumer Discretionary | 5.6 | % | ||
Consumer Staples | 5.2 | % | ||
Energy | 15.8 | % | ||
Financials | 26.6 | % | ||
Health Care | 1.2 | % | ||
Industrials | 7.5 | % | ||
Information Technology | 11.4 | % | ||
Materials | 11.2 | % | ||
Telecommunication Services | 8.2 | % | ||
Utilities | 3.7 | % | ||
Other | 3.6 | % | ||
Total | 100.0 | % |
Core Fixed Income Portfolio
Security Allocation | Percentage of Value | |||
Consumer Discretionary | 2.8 | % | ||
Consumer Staples | 2.1 | % | ||
Energy | 4.7 | % | ||
Financials | 12.0 | % | ||
Health Care | 1.4 | % | ||
Industrials | 1.5 | % | ||
Information Technology | 2.4 | % | ||
Materials | 1.7 | % | ||
Telecommunication Services | 1.7 | % | ||
Utilities | 1.0 | % | ||
Other | 68.7 | % | ||
Total | 100.0 | % |
221
HC CAPITAL TRUST
Additional Information (continued) — December 31, 2012 (Unaudited)
Fixed Opportunity Portfolio
Security Allocation | Percentageof Value | |||
Aerospace/Defense/Airlines | 2.9 | % | ||
Banking | 1.0 | % | ||
Chemicals | 1.8 | % | ||
Consumer Products/Textiles | 1.5 | % | ||
Energy | 17.8 | % | ||
Financial | 10.3 | % | ||
Food/Drug/Restaurants | 1.9 | % | ||
Forest Products/Containers | 1.2 | % | ||
Gaming/Leisure | 2.9 | % | ||
Healthcare | 7.2 | % | ||
Housing/Building Materials | 3.0 | % | ||
Industrials | 1.8 | % | ||
Information Technology | 6.8 | % | ||
Manufacturing/Capital Goods | 3.8 | % | ||
Metals/Minerals | 4.0 | % | ||
Real Estate Investment Trusts | 1.5 | % | ||
Retail | 2.4 | % | ||
Services/Environmental/Other | 2.5 | % | ||
Telecom ex wireless | 13.8 | % | ||
Transportation | 1.3 | % | ||
Wireless | 3.8 | % | ||
Utilities | 3.6 | % | ||
Other | 3.2 | % | ||
Total | 100.0 | % |
U.S. Government Fixed Income Portfolio
Security Allocation | Percentage of Value | |||
Treasury | 88.3 | % | ||
Agency | 11.2 | % | ||
Corporate | 0.1 | % | ||
Time Deposits | 0.4 | % | ||
Total | 100.0 | % |
U.S. Corporate Fixed Income Portfolio
Security Allocation | Percentage of Value | |||
Aerospace/Defense/Airlines | 0.7 | % | ||
Banking | 6.8 | % | ||
Chemicals | 0.0 | % | ||
Communications | 11.6 | % | ||
Energy | 14.7 | % | ||
Financial | 19.1 | % | ||
Health Care | 4.2 | % | ||
Insurance | 6.1 | % | ||
Manufacturing/Capital Goods | 6.9 | % | ||
Metals/Mining | 5.5 | % | ||
Real Estate Investment Trusts | 4.3 | % | ||
Retail | 7.6 | % | ||
Technology | 6.0 | % | ||
Utilities | 3.1 | % | ||
Other | 3.4 | % | ||
Total | 100.0 | % |
U.S. Mortgage/Asset Backed Fixed Income Portfolio
Security Allocation | Percentage of Value | |||
Treasury | 6.4 | % | ||
Agency | 87.3 | % | ||
Mortgage | 5.4 | % | ||
Asset Backed Securities | 0.8 | % | ||
Cash/Other | 0.1 | % | ||
Total | 100.0 | % |
Short-Term Municipal Portfolio
Security Allocation | Percentage of Value | |||
Cash & Equivalents | 7.3 | % | ||
General Obligation | 42.1 | % | ||
Other Revenue | 16.1 | % | ||
Sales Tax Revenue | 4.2 | % | ||
Toll Road | 1.7 | % | ||
Transportation | 7.6 | % | ||
University | 7.2 | % | ||
Utilities | 9.5 | % | ||
Water/Sewer Revenue | 4.3 | % | ||
Total | 100.0 | % |
222
HC CAPITAL TRUST
Additional Information (continued) — December 31, 2012 (Unaudited)
Intermediate Municipal Portfolio
Security Allocation | Percentage of Value | |||
Cash & Equivalents | 0.9 | % | ||
General Obligation | 25.3 | % | ||
Lease Revenue | 0.9 | % | ||
Other Revenue | 36.1 | % | ||
Sales Tax Revenue | 5.6 | % | ||
Toll Road | 2.6 | % | ||
Transportation | 1.9 | % | ||
University | 9.1 | % | ||
Utilities | 5.8 | % | ||
Water/Sewer Revenue | 11.8 | % | ||
Total | 100.0 | % |
Intermediate Municipal II Portfolio
Security Allocation | Percentage of Value | |||
General Obligation | 35.4 | % | ||
Other Revenue | 29.7 | % | ||
Sales Tax Revenue | 3.7 | % | ||
Transportation | 5.5 | % | ||
University | 3.1 | % | ||
Utilities | 5.0 | % | ||
Water/Sewer Revenue | 17.6 | % | ||
Total | 100.0 | % |
6. BOARD APPROVAL OF INVESTMENT ADVISORY CONTRACTS
As of the date of this report, the Trust offered nineteen portfolios (“Portfolios”). The Trust’s investment adviser is HC Capital Solutions, an operating division of Hirtle Callaghan & Co. LLC (the “Adviser”), which provides overall investment management services with respect to the Trust and its Portfolios pursuant to the terms of two separate agreements with the Trust (“HC Contracts”). The Trust has also entered into separate investment advisory agreements (each, a “Portfolio Management Agreement”) on behalf of each of the Portfolios with one or more investment management organizations (each, a “Specialist Manager”). For the Portfolio(s) it serves, each Specialist Manager is responsible for providing a continuous program of investment management for that portion of the Portfolio’s assets allocated to it, including placing all orders for the purchase and sale of securities and other instruments. Thirteen of the Portfolios are currently managed by two or more Specialist Managers.1
During the six-month period covered by this report, the Trust’s Board approved continuation of several Portfolio Management Agreements. The Board also approved a new Portfolio Management Agreement with an existing Specialist Manager for an additional Portfolio and amended the terms of certain existing Portfolio Management Agreements. The Board’s actions are summarized below.
Continuation of Certain Portfolio Management Agreements.
During the six-month period covered by this report, the Trust’s Board approved the continuation of Portfolio Management Agreements (“Continuing Agreements”) with eleven of the Trust’s Specialist Managers, as follows:
Specialist Manager | Portfolio | |
Artisan Partners Limited Partnership | The International Equity Portfolio The Institutional International Equity Portfolio | |
The Boston Company Asset Management LLC | The Emerging Markets Portfolio | |
Capital Guardian Trust Company | The International Equity Portfolio The Institutional International Equity Portfolio |
1 | See Note 3 for details. |
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Additional Information (continued) — December 31, 2012 (Unaudited)
Specialist Manager | Portfolio | |
Causeway Capital Management LLC | The International Equity Portfolio The Institutional International Equity Portfolio | |
Cupps Capital Management, LLC | The Small Capitalization Equity Portfolio The Institutional Small Capitalization Equity Portfolio | |
Frontier Capital Management Company, LLC | The Small Capitalization Equity Portfolio The Institutional Small Capitalization Equity Portfolio | |
IronBridge Capital Management, L.P. | The Small Capitalization Equity Portfolio The Institutional Small Capitalization Equity Portfolio | |
Lazard Asset Management LLC | The Institutional International Equity Portfolio | |
Pzena Investment Management, LLC | The Small Capitalization Equity Portfolio The Institutional Small Capitalization Equity Portfolio | |
SSgA Funds Management, Inc. | The Value Equity Portfolio The Institutional Value Equity Portfolio The Growth Equity Portfolio The Institutional Growth Equity Portfolio The Small Capitalization Equity Portfolio The Institutional Small Capitalization Equity Portfolio The International Equity Portfolio The Institutional International Equity Portfolio The Commodity Returns Strategy Portfolio The Real Estate Securities Portfolio The Emerging Markets Portfolio | |
Wellington Management Company, LLP | The Real Estate Securities Portfolio The Commodity Returns Strategy Portfolio |
In approving the Continuing Agreements, the Board concluded that continuation of each of these agreements was in the best interests of the Trust and consistent with the expectations of shareholders of the respective Portfolios. While the Board did not identify any particular factor as controlling, the Board gave substantial weight to the fact that the Trust is designed primarily to serve as a vehicle through which the Adviser implements asset allocation strategies on behalf of its clients; that shares of the respective Portfolios are generally available only to such clients or clients of financial intermediaries that have contracted with the Adviser; and that the Adviser recommended that each of the Continuing Agreements be approved by the Board. During the course of its deliberations, the Board was informed with respect to publicly available information assembled by a third-party service provider about the performance of similar funds (“peer funds”) managed by other investment advisory organizations.
In connection with its deliberations, the Board had before it information to the effect that the Specialist Managers are responsible only for day-to-day investment decisions for, and do not participate in the administration or distribution of shares of, the Portfolios. The Specialist Managers receive limited, if any, benefit from their association with the Trust other than the fee paid to them by the respective Portfolios for investment management services. The Board reviewed the services provided by the Specialist Managers, their relative performance, the experience of their investment personnel, their adherence to stated investment methodologies and related factors. In concluding that continuation of the respective agreements was appropriate, the Board did not rely upon any single factor, but balanced all of the relevant factors, including the nature and quality of the Specialist Managers’ services, comparative fund performance, comparative fund fee structures and economies of scale while giving considerable weight to the Adviser’s recommendations and its views with
224
HC CAPITAL TRUST
Additional Information (continued) — December 31, 2012 (Unaudited)
respect to: (i) the success and future ability of the respective Portfolios to capture the desired asset class for that firm’s clients; and (ii) in the case of multi-manager Portfolios, the individual contribution of each Specialist Manager to this endeavor. Based on the foregoing, the Board concluded that the performance of the Specialist Managers was satisfactory and that continuation of such contracts was fair and reasonable and in the best interest of shareholders.
The Board also determined that the rate at which each of the Specialist Managers that serve the Portfolios to which the Continuing Agreements relate is compensated for its services is reasonable. In reaching this conclusion, the Board had before it certain information with respect to the costs incurred by each of the Specialist Managers in providing services to the Portfolios, the profitability of such managers, fees charged by such managers to other institutional clients and/or information on fees charged to peer funds for similar services. The Board did not specifically rely on such information, however, but instead gave substantial weight to information demonstrating that the rate at which these Specialist Managers are compensated was determined as a result of arms-length negotiations conducted by the officers of the Trust and the Adviser, including, in several cases, negotiated fee waivers and scheduled breakpoints designed to recognize economies of scale in appropriate cases.
Approval of A New Portfolio Management Agreement.
The Board also approved one new portfolio management agreement (the “New Agreement”) relating to The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio (the “Mortgage/Asset Backed Portfolio”) with Mellon Capital Management Corporation (“Mellon Capital”).
In approving the terms and conditions of the New Agreement, the Board determined that such approval was in the best interests of the Mortgage/Asset Backed Portfolio and consistent with the expectations of its shareholders. The Board was already familiar with Mellon Capital and its capabilities as a result of its ongoing service to two other Portfolios of the Trust. Additionally, during the course of its deliberations, the Board was informed with respect to publicly available information assembled by a third-party service provider about the performance of peer funds; the Adviser’s recommendations with respect to Mellon Capital; and information relating to the anticipated profitability and revenues of Mellon Capital and related factors. While the Board found this information to be useful as an indication of the range of fees and services in the peer funds, the Board did not consider such comparisons to be a dispositive factor. Rather, the Board based its findings on the specific facts and circumstances of the Trust, including the facts that: the Trust’s Portfolios are designed to serve as vehicles for executing selected investment strategies; and all of the Trust’s shareholders are clients of the Adviser or clients of financial intermediaries that have contracted with the Adviser.
Additionally, in approving the New Agreement, the Board had before it information to the effect that Mellon Capital would be responsible only for day-to-day investment decisions for the Mortgage/Asset Backed Portfolio and not for any administrative function and would receive limited, if any, benefit from its association with the Trust other than the fee paid to it by the Mortgage/Asset Backed Portfolio. The Board reviewed the services expected to be provided by Mellon Capital, its past performance with respect to similarly managed accounts, the experience of its investment personnel and related factors. The Board also noted that the fee to be paid to Mellon Capital under the New Agreement was lower than the fees currently being paid by the Mortgage/Asset Backed Portfolio to that portfolio’s then current Specialist Managers and that, as a result, the overall expenses of the Mortgage/Asset Backed Portfolio were likely to decrease to the extent that assets of the Mortgage/Asset Backed Portfolio are allocated to Mellon Capital. In concluding that approval of the New Agreement was appropriate, the Board did not rely upon any single factor, but balanced all of the relevant factors, including the anticipated nature and quality of Mellon Capital’s services, comparative fund performance, comparative fund fee structures and economies of scale while giving considerable weight to the Adviser’s recommendations and its views with respect to the ability of Mellon Capital to capture the desired asset classes for the Portfolio. Based on the foregoing, the Board concluded that the approval of the New Agreement was fair and reasonable and in the best interest of shareholders.
225
HC CAPITAL TRUST
Additional Information (continued) — December 31, 2012 (Unaudited)
Approval of Amendments to Certain Portfolio Management Agreements.
The Board amended the terms of: the Portfolio Management Agreement between the Trust and Seix Investment Advisors, LLC (“Seix”) relating to The Fixed Income Opportunity Portfolio and the Portfolio Management Agreements between the Trust and Mellon Capital relating to The Core Fixed Income and U.S. Corporate Fixed Income Portfolios.
The amendments, each of which was recommended by the Adviser, lowered the fees paid by these Portfolios to Seix and Mellon Capital, respectively.
In connection with its deliberations with respect to the implementation of the amendments, the Board had before it information to the effect that each of the amendments would reduce the fees payable by each of the affected Portfolios, without changing or impairing the services to be provided to such Portfolio in any way. The Board also reviewed information with respect to each Specialist Manager’s services to the respective Portfolios and the role that the firm plays in multi-manager structure of each Portfolio. Based on all of the information presented, the Board concluded that such amendments were fair and reasonable.
OFFICERS AND AFFILIATED TRUSTEES. The table below sets forth certain information about each of the Trust’s Affiliated Trustees, as well as its executive officers.
NAME, ADDRESS, AND AGE | POSITION(S) HELD WITH TRUST | TERM OF OFFICE; TERM SERVED IN OFFICE | PRINCIPAL OCCUPATION(S) DURING PAST 5 YEARS | NUMBER OF PORTFOLIOS IN FUND COMPLEX OVERSEEN | OTHER DIRECTORSHIPS HELD BY TRUSTEE** | |||||
Robert J. Zion* Five Tower Bridge, 300 Barr Harbor Drive, West Conshohocken, PA 19428 Age: 50 | Trustee; President | Indefinite; Trustee since 4/30/07; President since 6/12/12 | Mr. Zion is currently the Chief Operating Officer, Secretary and a Principal of the Adviser. He has been with the Adviser for more than the past five years. | 19 | None | |||||
Colette L. Bull Five Tower Bridge, 300 Barr Harbor Drive, West Conshohocken, PA 19428 Age: 42 | Vice President & Treasurer | Indefinite; Since 6/12/12 | Ms. Bull is currently a Vice President of the Adviser. She has been with the Adviser for more than the past five years. | 19 | None | |||||
Christopher Lewis Alaric Compliance Services, LLC 150 Broadway, Suite 302 New York, NY 10038 Age: 41 | Chief Compliance Officer | Indefinite; Since 6/14/11 | Mr. Lewis has been the General Counsel and a Director at Alaric since January 2009. Prior to that he was a Partner at Thacher Proffitt and Wood LLP from September 2004 through December 2008. | 19 | NA | |||||
Kristin Schantz Citi Fund Services 3435 Stelzer Road Columbus, OH 43219 Age: 32 | Secretary | Indefinite; Since 12/10/09 | Ms. Schantz is a Vice President at Citi Fund Services Ohio, Inc. She has been with Citi for more than the past five years. | 19 | NA |
* | Mr. Zion may be deemed to be an “interested person,” of the Adviser as that term is defined by the Investment Company Act, as a result of his past or present positions with the Adviser or its affiliates. |
** | The information in this column relates only to directorships in companies required to file certain reports with the SEC under the various federal securities laws. |
226
HC CAPITAL TRUST
Additional Information (concluded) — December 31, 2012 (Unaudited)
INDEPENDENT TRUSTEES. The following table sets forth certain information about the Independent Trustees.
NAME, ADDRESS, AND AGE | POSITION(S) HELD WITH TRUST | TERM OF OFFICE; TERM SERVED IN OFFICE | PRINCIPAL OCCUPATION(S) DURING PAST 5 YEARS | NUMBER OF PORTFOLIOS IN FUND COMPLEX OVERSEEN | OTHER DIRECTORSHIPS HELD BY TRUSTEE* | |||||
Jarrett Burt Kling Five Tower Bridge, 300 Barr Harbor Drive, West Conshohocken, PA 19428 Age: 68 | Trustee | Indefinite; Since 7/20/95 | For more than the past five years Mr. Kling has been a managing director of CBRE Clarion Securities, LLC, a registered investment adviser. | 19 | Old Mutual Advisors Funds I & II | |||||
Harvey G. Magarick Five Tower Bridge, 300 Barr Harbor Drive, West Conshohocken, PA 19428 Age: 73 | Trustee | Indefinite; Since 7/01/04 | Mr. Magarick is retired. Prior to June 3, 2004, he was a partner in the accounting firm of BDO Seidman, LLP. | 19 | Atlas Energy LP | |||||
R. Richard Williams Five Tower Bridge, 300 Barr Harbor Drive, West Conshohocken, PA 19428 Age: 67 | Trustee | Indefinite; Since 7/15/99 | Since 2000, Mr. Williams has been the owner of Seaboard Advisers (consulting services). | 19 | Franklin Square Energy and Power Fund | |||||
Richard W. Wortham, III Five Tower Bridge, 300 Barr Harbor Drive, West Conshohocken, PA 19428 Age: 74 | Trustee | Indefinite; Since 7/20/95 | Mr. Wortham is currently the President of The Wortham Foundation and has been a Trustee for more than the past five years. | 19 | Oncor Electric Delivery Company LLC |
* | The information in this column relates only to directorships in companies required to file certain reports with the SEC under the various federal securities laws. |
227
HC CAPITAL TRUST
Trustees
JARRETT B. KLING
HARVEY G. MAGARICK
RICHARD W. WORTHAM III
R. RICHARD WILLIAMS
ROBERT J. ZION*
* | “Interested Person” as that term is defined in the Investment Company Act of 1940. |
Investment Adviser
HC Capital Solutions
Five Tower Bridge
300 Barr Harbor Drive, Suite 500
West Conshohocken, PA 19428
Administrator
Citi Fund Services Ohio, Inc.
3435 Stelzer Road
Columbus, OH 43219
Distributor
Unified Financial Securities, Inc.
2960 North Meridian Street
Suite 300
Indianapolis, IN 46208-4715
Counsel
Stradley Ronon Stevens & Young, LLP
One Logan Square
2005 Market Street, Suite 2600
Philadelphia, PA 19103-7018
Montgomery, McCracken, Walker & Rhoads, LLP
123 South Broad Street
Philadelphia, PA 19109
Independent Registered Public Accounting Firm
PricewaterhouseCoopers LLP
41 South High Street
Suite 2500
Columbus, OH 43215
Custodian
State Street Bank and Trust Company
State Street Financial Center
1 Lincoln Street
Boston, MA 02111-2900
This report is for the information of the shareholders of HC Capital Trust. Its use in connection with any offering of the Trust’s shares is authorized only in case of a concurrent or prior delivery of the Trust’s current prospectus. The prospectus contains more complete information, including investment objectives, risks, fees and expenses and should be read carefully before investing or sending any money.
2/13
Item 2. Code of Ethics.
Not Applicable
Item 3. Audit Committee Financial Expert.
Not Applicable
Item 4. Principal Accountant Fees and Services.
Not applicable
Item 5. Audit Committee of Listed Registrants.
Not applicable.
Item 6. Schedule of Investments.
(a) Not applicable.
(b) Not applicable.
(b)(1) Not applicable.
(b)(2) Not applicable.
(b)(3) Not applicable.
(b)(4) Not applicable.
(b)(5) Not applicable.
Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable.
Item 8. Portfolio Managers of Closed-End Management Investment Companies.
Not applicable.
Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable.
Item 10. Submission of Matters to a Vote of Security Holders.
Not Applicable
Item 11. Controls and Procedures.
(a)The registrant’s principal executive officer and principal financial officer have concluded, based on their evaluation of the registrant's disclosure controls and procedures as conducted within 90 days of the filing date of this report, that these disclosure controls and procedures are adequately designed and are operating effectively to ensure that information required to be disclosed by the registrant on Form N-CSR is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms.
(b)There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Act (17 CFR 270.30a-3(d)) that occurred during the second fiscal quarter of the period covered by this report that have materially affected or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.
Item 12. Exhibits.
(a)(1) Not applicable.
(a)(2) Certifications pursuant to Rule 30a-2(a) are attached hereto.
(a)(3) Not applicable.
(b) Certifications pursuant to Rule 30a-2(b) are furnished herewith.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant
has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
(Registrant) HC Capital Trust
By (Signature and Title) /s/ Robert J. Zion
Robert J. Zion, Principal Executive Officer
Date: March 4, 2013
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By (Signature and Title) /s/ Colette L. Bull
Colette L. Bull, Principal Financial Officer
Date: March 4, 2013
By (Signature and Title) /s/ Robert J. Zion
Robert J. Zion, Principal Executive Officer
Date: March 4, 2013